India’s move to cut cooking gas prices could soften inflation and shift focus toward a reduction in gasoline and diesel prices ahead of some major festivals and key elections, according to Citigroup Inc.The government’s decision to reduce liquefied petroleum gas could lower inflation by around 30 basis points, economists Samiran ...
The Karnataka GST authorities on Wednesday arrested two persons on charges of cheating the government worth crores of rupees. A local court remanded Guru Prakash HM and Manjunathaiah HM to judicial custody.The arrest followed the authorities busting a fake GST bill racket, Commercial Taxes Commissioner C Shikha told ET. A ...
The Directorate General of Civil Aviation (DGCA) is doing a “deep dive” on the twin in-flight shutdowns experienced by Pratt & Whitney (PW) engines on two IndiGo Airbus A321 aircraft while operating domestic flights on Tuesday. Now these two aircraft are also grounded, joining the about 40 IndiGo already cooling ...
SoftBank sold a partial stake in food delivery platform Zomato through bulk deals on Wednesday. The transaction was done at Rs 94.7 apiece, taking the deal value to Rs 947 crore.According to exchange data, SoftBank Vision Fund has offloaded 10 crore shares or 1.17% stake in the company as the ...