Finance Blogs
In order to stabalize the new tax regime, Chief Economic Adviser (CEA) Arvind Subramanian said the Goods and Services Tax (GST) may “probably” have fewer rates by “collapsing” 12 per cent and 18 per cent tax slabs into one. To address the complicacies in the IT systems on central and state level, GST council may merger … Read More “GST RATES 12% and 18% can probably be merged into one rate : CEA Arvind Subramanian” »
Under the companies Act of 2013, a private company treated as a deemed public company can restore its status as a private company. However, the conversion needs an approval from the NCLT. The resolution for such have been passed by majority, however requires 75% in AGM and the voting pattern was not immediately known. Public … Read More “NCLT on an Oppression compliant against Tata & Sons for conversion from public ltd into Private ltd.” »
Facebook has 217 million users In India. It claims to have imparted training for more than 60,000 small businesses, including 12,000 women entrepreneurs, in India through initiatives such as Boost Your Business and SheMeansBusiness. Under the proposed startup services will be ; providing digital skills and training for those who are looking for work. advising … Read More “Digital Taining Hub- A Startup by FACEBOOK” »
share purchase agreement is ; to acquire 100 per cent shares (10 million issued shares)of HIL in cash by LOTTE, ie $152 million (Rs 978 crore) . Currently, Havmor is fifth largest ice-cream player and has a significant parlour network across 14 states in India by making 150 kinds of products from two plants and … Read More “South Korea’s LOTTE buys HAVMOR” »
YONO will be accessed through web portal or Mobile application and allow customers to meet their lifestyle needs across 14 categories, including booking & renting cabs, entertainment, dining experience, travel & stay, medical needs and so on. The bank has partnered with over 60 e-commerce players to provide customized offers and discounts. Some of the … Read More “SBI is going to launch YONO (You Only Need One).” »
six-member’s task force has been setup. Arbind Modi, CBDT member (legislation) will lead the task force as the convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (chairman and regional managing partner of EY) and Mansi Kedia (consultant, Indian Council for Research on International Economic Relations). Chief Economic Adviser Arvind Subramanian will be … Read More “Gov to revise Direct tax laws” »
Paytm alerted its millions of customers regarding a circulation of a fake message claiming to get e-wallet users cashback upto Rs 1,00,000. message claims that customer can win cashback of anywhere between Rs 1,000 to Rs 1 lakh. Paytm’s founder Vijay Shekhar Sharma also asked the customers to not fall into the trap of such … Read More “Paytm boss alerted customers against fake message.” »
FMCG major Godrej Consumer Products Ltd (GCPL) has lowered prices of its various products across hair colours, air fresheners, liquid detergents and deodorant categories in the range of 7-10 per cent to pass on benefits of the recent GST rate reduction. GCPL said the reductions will be effective immediately and would also be applicable on … Read More “Prices have been reduced by FMCG players” »
An important matter of concern is that the bankruptcy code does not currently specify the kind of buyers who can bid for assets of companies that are undergoing bankruptcy proceedings. As a result, promoters could reacquire their companies at a discount once the lenders decide to sacrifice a part of the money they are owed. … Read More “Upcoming Amendments in IBC with reasons : simplified” »
CreditMate is a Mumbai-based startup that facilitates two-wheeler loans for customers with no formal credit history. Paytm has been building its credit play after having raised $1.4 billion from SoftBank as it looks to go beyond running a e-wallet platform. About 65% of CreditMate customers are already Paytm users. Urja Money, which runs CreditMate, had … Read More “Paytm has taken over a majority stake in CreditMate.” »