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Government Plans to Modify the Income Tax Act Making Retrospective Tax Demands Null

Ut World August 6, 2021 0

Following the failures of Vodafone and Cairn Energy, the Union government said on Thursday that it would change the Income Tax Act to eliminate retrospective taxation. The Taxation Laws (Amendment) Bill, 2021, was submitted in the Lok Sabha by Finance Minister Nirmala Sitharaman, with the goal Continue Reading

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Sebi Will Give Indian Corporations a New Identity

Ut World July 30, 2021 0

In place of “promoter-driven” companies, Sebi plans to create the idea of “controlling shareholders-driven companies” to enable companies, particularly startups without promoters, to get listed on stock markets and access public financing. This was stated by Sebi Chairman Ajay Tyagi during a capital market summit conducted by industry body Ficci on Continue Reading

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Top Green Energy Banker Predicts $150 Billion in Deals in India

Ut World July 30, 2021 0

All roads lead to India’s domestic energy players for overseas investors seeking a piece of the country’s renewables boom — and the bankers who sit across the table from them. According to statistics provided, Bank of America Corp.’s Gaurav Singhal leads the busiest team in India’s green energy M&A sector over the last 12 months. […]Continue Reading

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HCL to Reward Mercedes-Benz to Top-Performers

Ut World July 22, 2021 0

Well-performing IT companies are rolling out enticing offers to retain their employees. Top performers in HCL Technologies, for instance, might drive home a Mercedes Benz. With regard to this proposal, it is kept for approval by the board. During 2013, the company had given out 50 Mercedes Benz to its top performers but later discontinued […]Continue Reading

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Infosys Reopens Offices as Indian Officials Warn About Third Covid Wave

Ut World July 22, 2021 0

Indian outsourcing giant Infosys Ltd has asked its employees to resume work from offices. The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector as Indian officials warn about the looming threat of the third wave of Covid-19 infections. Health experts have appealed to state […]Continue Reading

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Bisleri Forays into the Hygiene Segment

Ut World July 16, 2021 0

In a strategic move, packaged drinking water company, Bisleri International Pvt Ltd is set to foray into the hygiene segment meeting the evolving consumer needs for health and hygiene. It is stated that the company will be leveraging its distribution network grabbing a share of the sanitiser segment. Angelo George, CEO, Bisleri International Pvt Ltd […]Continue Reading

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Digital Learning: How the Pandemic Became a Catalyst for Change

Ut World June 28, 2021 0

Article by V.P. Nandakumar  MD & CEO of Manappuram Finance Ltd.  Companies engaged in the services sector depend a lot on their frontline employees. After all, they deal directly with customers and the image of the company depends entirely on the quality of their interaction with customers. As a leading player in the financial services […]Continue Reading

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Covid-19: Second Wave Impacted Indian Business by 58%

Ut World June 23, 2021 0

The Covid-19 second wave and resultant lockdowns in the majority of the states have significantly impacted about 58% of Indian companies but India Inc remains optimistic about a strong recovery in the coming months. The Federation of Indian Chambers of Commerce and Industry (FICCI) stated that the urban demand saw a sharp hit, 37% of […]Continue Reading

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Sterlite Copper CEO Pankaj Kumar Quits

Ut World June 9, 2021 0

CEO of Sterlite Copper, Pankaj Kumar has quit the organization citing personal reasons. “He took charge at the business when the factory (in Tuticorin) was shut and is leaving just months before the final verdict that is due from the Supreme Court. Last month, he started the oxygen plant for hospital supplies in a very […]Continue Reading

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Reliance Industries Chief Mukesh Ambani Draws Nil Salary

Ut World June 4, 2021 0

Mukesh Ambani, Reliance Industries Chairman, drew no salary from his flagship firm RIL in the fiscal year ended March 31. It is stated that, in the light of the Covid-19 pandemic hitting harder the business and the economy, he had voluntarily given up remuneration. He has not got a salary hike for the last 12 […]Continue Reading