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IDP to acquire British Council's India IELTS business
IDP to acquire British Council's India IELTS business

 

New Delhi,  IDP will acquire 100 per cent of British Councils India IELTS business for 130 million pounds on a debt free, cash free basis.

The IDP and British Council, the two partners of IELTS, the world's most popular high-stakes English language test, announced on Thursday that Br

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LG set to post strong Q2 earnings on home appliance biz
LG set to post strong Q2 earnings on home appliance biz

Seoul,  LG Electronics is likely to report strong second-quarter earnings, analysts said on Friday, as its mainstay home appliance business continued to rack up solid results.

The South Korean tech company was projected to log 17.6 trillion won (US$15.5 billion) in sales in the April-June period, up 37 p

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Special GST Council meet soon to discuss compensation: Sitharaman
Special GST Council meet soon to discuss compensation: Sitharaman

 

Bengaluru,  Union Finance Minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues.

Sitharaman, who is on a two-day visit to Karnataka, said that she had already assured all the stakeholders about

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Dell, Foxconn, Dixon selected under PLI for making IT hardware
Dell, Foxconn, Dixon selected under PLI for making IT hardware

New Delhi, The Electronics and IT Ministry has selected 14 applicants under the Production-Linked Incentive (PLI) scheme for IT hardware manufacturing in the country.

The major international players selected under the incentive scheme are Dell, Wistron, Rising Stars Hi-Tech (Foxconn) and Flextronics.
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Telecom industry under tremendous stress: Sunil Mittal
Telecom industry under tremendous stress: Sunil Mittal

New Delhi,  The telecom industry is under 'tremendous stress' and it would require some relief from the government and the Department of Telecommunications (DoT) to come out of it, Sunil Bharti Mittal, Chairman, Bharti Airtel, said on Thursday.

The Airtel Chairman also reiterated the concern that

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Payments made in advance may not absolve you from TDS/TCS provisions
Payments made in advance may not absolve you from TDS/TCS provisions

New Delhi,  Buyers will have to deduct tax at source at 0.1 per cent of the amount paid for goods for all purchases made during the year post June 30, 2021 if the value of purchases or advance payments during the year between April and June exceeds Rs 50 lakh.

In a clarification issued by the Central Boa

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130 countries support global minimum tax for world's largest corporations
130 countries support global minimum tax for world's largest corporations

New Delhi,  US Treasury Secretary Janet Yellen and the Organization for Economic Cooperation and Development (OECD) announced on Thursday that 130 countries, including Switzerland, China and India, have agreed to back a global minimum corporate tax rate of at least 15 per cent, a policy priority for the Joe Biden admin

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Hike in petrol prices, diesel unchanged
Hike in petrol prices, diesel unchanged

New Delhi,  In relief to transport sector, OMCs raised petrol prices as global cues pushed fuel prices up across the country on Friday adding to common man's misery, even as he already grapples with high food prices amid shrinking income.

But this time round, the oil companies have only increased the

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IT, FMCG stocks pull indices lower
IT, FMCG stocks pull indices lower

Mumbai,  Selling pressure on the IT and FMCG stocks weighed on the Indian stock market on Friday.

However, rise in index-heavyweight Reliance Industries shares and banking stocks restricted the fall.

Around 10.40 a.m., Sensex was at 52,203.55, lower by 115.05 points or 0.22 per cent from i

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Another suicide in UP due to moneylenders' harassment
Another suicide in UP due to moneylenders' harassment

Bareilly (Uttar Pradesh),  After four of a family in Shahjahanpur committed suicide last month owing to pressure from moneylenders, now a school teacher in Bareilly has ended his life for similar reasons.

The deceased, Chandrapal Gangwar of Sanjarpur, shot a video in a field and also left behind a suicid

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