The role of Micro, Small and Medium Enterprises in the economic and social development of the country is well established. The MSME sector is a nursery of entrepreneurship often driven by individual creativity and innovation, said Shripad Naik. Union Minister of State (I/C) Ministry of AYSUH Shripad Naik was speaking at the function of launching of “Samveg”, to celebrate the role of MSMEs in the development of the nation which was organized by banking sector at NIO, Dona Paula today.

LIC to acquire controlling stake of IDBI Bank

Wednesday, 01 August 2018 00:00

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approvedconveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution.  It has also approved acquisition of controlling stake by Life Insurance Corporation of India (LIC) as promoter in the bank through preferential allotment / open offer of equity, and relinquishment of management control by the Government in the bank.

Oil and Natural Gas Corporation Ltd. (ONGC) has swept the Dun & Bradstreet PSU Awards 2018. The Energy major has been adjudged winner in four categories viz. ‘Mining & Exploration: Crude Oil’, ‘Mining & Exploration’, ‘CSR’ and ‘Swachh Bharat’. ONGC won the top honour in each of the four awards, which were keenly contested; it was the only winner in Swachh Bharat category.

Magicbricks, has announced a strong growth of 48% in Q1 FY’19 with revenues touching Rs.47.5 crore, signalling a strong start to the new financial year. A combination of factors like product innovation, new revenue streams and market buoyancy drove the revenue performance, providing a significant momentum as it starts to break away in the category. The company reiterated that the revenue figures are from its online operations and do not include any group company revenues.

GST: The Technology-First Tax System

Wednesday, 01 August 2018 00:00

The past year, and the future.

I am writing as one of the people who have been in the ‘middle’ of this enormous tax reform – since we provide software solutions to businesses who need to comply with GST.  This has given us a view on both sides of the bridge – the Government/GSTN side, and the Business/Practitioner side.  The first who needs compliance, and the second, who need to comply.

Prime Minister Narendra Modi today said India is one of the most investor-friendly economies in the world because investors look for growth and macro-economic stability adding that investors want political stability and a supportive regulatory framework to ensure protection of their investment. Prime Minister was speaking at the third annual meeting of Asian Infrastructure Investment Bank, AIIB, in Mumbai today. 

Ahmedabad: All about ‘General Data Protection Regulation’ (GDPR) discussed in sixth chapter of 'Webfair Meetup' organized here at Hotel Nami Residency on Sunday. Arun Bansal, Founder, Server Guy, cleared all the doubts and provided the various solutions regarding GDPR, recently applied in European Union.

RITES IPO subscribed over 66 times

Friday, 22 June 2018 00:00

Delhi: The initial public offering (IPO) of PSU firm RITES, was subscribed 66.75 times. In the RITES IPO, the government is selling 12.6 percent stake or 2.52 crore equity shares, including 12 lakh shares to employees.