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business

Supreme Court

SC orders in favor of IT department, upholds validity of 90,000 IT reassessment notices issued after April 1, 2021

The top court set aside the verdicts of several high courts that had held that the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act (TOLA) of 2021 will not extend the time limit for issuing reassessment notices under the Income Tax Act.

Anitha Sadanand

Breaking barriers: 48-year-old woman entrepreneur makes waves in startup world, wins top startup award

The Agricultural & Processed Food Products Export Development Authority (APEDA) exhibited Anitha's products in Europe, Australia, South Africa, and South Korea to demonstrate their excellent quality and marketability.

wto

India to impose new steel tariffs in response to EU measures, informs WTO of action

Amidst a spike in Chinese shipments via Asian countries to the trade bloc and a high level of global steel overcapacity, the goal was to "prevent economic damage" for EU steel producers. The measure was originally scheduled to be in place until June 20, 2021, however, it was then extended until June 30, 2024.

EaseMyTrip

EaseMyTrip enters into medical tourism as it witnesses unprecedented growth in Indian market

The online travel platform company has approved ₹90 crore acquisitions with a 49% equity stake in Dubai-based Pflege Home Healthcare.

At least 90% affluent Indian parents want their kids to study overseas: HSBC report

Over two million Indian students are expected to pursue studies in foreign institutions by 2025, according to the report.

Diageo CEO, Debra Crew

Diageo unveils $100 million investment in Indian spirits expansion

Since 2014, the company has already invested $3.5 billion in India to increase capacity, acquire businesses, and support cricketing events like the Indian Premier League. Operating through USL in India, Diageo sees the country as its largest market by volume for brands such as Johnnie Walker, Tanqueray, McDowell’s, Smirnoff, and Singleton.

Rapido

Rapido raises $200 million in latest funding, enters Unicorn club

The newly raised funds will be strategically allocated to expand Rapido’s operations across India and scaling its technology platform to enhance service delivery. Rapido plans to grow its operations across all categories, including bike-taxis, three-wheelers and taxi-cabs, officials said.