LivePhonePe Lands Another $100 Million from General Atlantic in Ongoing $1Billion Funding Round
PhonePe has raised an additional $100 million at a $12 billion valuation from General Atlantic and its co-investors, a fresh round of its ongoing $1...
Category : BUSINESS
Centre Asks Airlines to Keep Fares Affordable After Go First Grounded
Days after crisis-hit Go First grounded, the Centre asked airlines to keep fares affordable after the Centre saw airfares on some routes soar rapidly. Go...
SEBI-Registered FPIs and Sovereign Wealth Funds Exempt from Angel Tax
Government and government-related investors such as central banks, sovereign wealth funds, international or multilateral organisations; entities registered with the Securities and Exchange Board of India...
International Credit Card Payments Up to Rs 7 Lakh Excluded from TCS, Govt Clarifies
International debit and credit card transactions of up to Rs 7 lakh per financial year will be excluded from the limits of the Liberalised Remittance...
Govt will Not Sell ITC Stake in FY24
A senior official told FE that the Centre has no plans to sell part of its 7.85% stake in ITC, worth about Rs 41,000 crore,...
NCLT Rejects IDBI’s Insolvency Plea Against Zee
On Friday, the National Company Law Tribunal (NCLT) dismissed IDBI Bank’s petition to seek insolvency against media giant Zee Entertainment, finding that the petition was...
JSW Steel Board Approves Rs 17,000 Crore Fundraising Plan with $1 Billion from International Markets
On Friday, JSW Steel said that its board had approved plans to raise up to Rs 17,000 crore through various securities offerings and tap international...
JCB Partners with NPCI to Offer 40% Cashback to RuPay JCB Cardholders
Japanese international payment brand JCB International Co will partner with National Payments Corporation of India (NPCI) to offer RuPay JCB cardholders 40% cashback on in-store...
Wheels India to Invest Rs 200 Crore to Ramp Up Production of Aluminium Wheels and Other Spares
Wheels India Ltd, an Automobile Wheel Major, has designated Rs 200 crore as capex in FY23-24 towards its plan of gradually ramping up wheel production...
Amazon Committed to Invest Rs 1,05,600 Crore to Boost India’s Cloud Infrastructure
Amazon.com Inc plans to invest Rs 1,05,600 crore in India’s cloud infrastructure by 2030 to scale up its AWS business in the key overseas market....