Category: Business
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Attention Paytm, Google Pay, PhonePe Users: 3 Biggest Changes You Should Know (RBI Norms)
Nowadays the use of mobile wallets is pretty common. For the unaware, it is a digital wallet into which we can deposit money using our credit/debit cards and make payments. Changes In Mobile Wallets Basically, it is a prepaid electronic account that comes under the category of Prepaid Payment Instruments (PPIs). It can be used…
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Pune Firm Launches Instant Covid19 Test Kit: 2 Mins To Test, 15 Mins For Result
CoviSelf – India’s first self-use Rapid Antigen Test (RAT) kit – will take two minutes to carry out the test and results will be available in 15 minutes, the Pune-based firm that produced the kit said. The Indian Council of Medical Research (ICMR) authorised the test kit on Wednesday. CoviSelf – India’s First Self-use Rapid…
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Policy Bazaar Slapped With Rs 24 Lakh Penalty
Last year, Policybazaar sent an SMS to customers about an increase in past insurance policy violations that violated advertising terms and that is why a fine of Rs 24 lakh was levied on the IRDAI insurance sector regulator. Between March 15, 2020, and April 7, 2020, Policybazaar sent SMS to its customers without stating its…
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Mumbai’s Dabbawalas Will Now Deliver Food From Top Restaurants Like SOCIAL & Smoke House Deli
Maharashtra, one of the worst affected states by the coronavirus infection, imposed a strict lockdown till June 1, 2021. With the implementation of curfew, only essential services will be permitted. All amusement parks, cinema halls, gyms, religious places, salons, swimming pools are shut down. While the economy has come to a halt to give first…
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#Coronavirus Impact: Last Date For FY 2020-21 Income Tax Filing Extended To This Date
The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing income tax returns(ITR) for FY 2020-21 (AY 2021-22) to September 30. “The Central Board of Direct Taxes, in the exercise of its power under section 119 of the Income-tax Act, 1961, provides relaxation…,” the official statement mentioned. The decision was taken…
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Reliance Seeks Shareholders’ Approval For Rs 24,000 Crore Big Bazaar, Future Group Acquisition
Reliance Retail Ventures has reportedly asked National Company Law Tribunal (NCLT) for permission to hold a shareholders’ meet to consider and approve its Rs 24,715-crore deal with Future Retail. On Wednesday, the Mumbai bench of NCLT reserved its order over the application moved by the step-down firms of Reliance Industries Ltd (RIL). “The court (NCLT)…
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Govt Will Have Real-Time Info For All Commercial Vehicles: E-Way System Integrated With FASTags
Vehicles carrying transport goods will now have a harder time eloping GST payments. The Government of India has integrated the e-way bill (EWB) system with FASTag and RFID, which will lead to keeping real-time tabs on movement of vehicles on highways, along with tracking the ones evading taxes. E-Way Bill Integration to Digitise Prevention of…
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Find Out How TCS Manages Work From Home For 400,000 Employees; Remotely Hired 40,000 Staff!
TCS’ Annual Report shed some light on its tactics for remote employee management and virtual hiring. Its headcount is presently 488,649 strong and has an 7.2% attrition rate, which is a low figure in the industry. Employees Encouraged To Reskill Themselves The IT services giant has a learning program called TCS Elevate through which it…
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IDBI Bank’s Sale To Private Firms Now Cleared; LIC IPO Launch By This Date
The sale of IDBI Bank is underway as transaction advisers will soon be Fast Tracking Of IDBI Sale The Cabinet Committee on Economic Affairs (CCEA) has already approved IDBI Bank’s divestment and management control transfer. With the developments of CCEA’s clearance and legislative provisions in place, the IDBI Bank sale is already going at a…
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TCS CEO Earned Rs 5 Lakh/Day; Annual Salary Increased By 53% To Rs 20.36 Crore
According to the Tata Consultancy Services‘s annual report, the CEO and MD Rajesh Gopinathan took home a pay package of about Rs 20.36 crore in 2020-21. Salary Drawn By TCS CEO Prior to this, Gopinathan had received a total remuneration of Rs 13.3 crore in 2019-20. To be specific, Gopinathan received Rs 1.27 crore in…