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Colgate Palmolive (India)

Colgate-Palmolive receives over ₹200 crore tax notice

On July 26, 2024, the Colgate Palmolive (India) received a final assessment order from the IT Authority for the assessment year (AY) 2020-21, carrying a demand amounting to ₹248.74 crore.

FM Nirmala Sitharaman

FM Nirmala Sitharaman says job schemes introduced in the budget not a mandate, just a nudge to companies

Three employment-linked schemes were announced in the union budget as part of the Prime Minister’s package. These schemes will be based on enrollment in Employees' Provident Fund Organization (EPFO), focus on recognition of first-time employees, and support to employees and employers.

PM Modi hails Economic Survey, says it showcases prevailing strengths of Indian economy, outcomes of various govt reforms

Taking to X, the PM wrote, “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought."

Finance Minister Nirmala Sitharaman

Ahead of union budget 2024-25, Economic Survey forecasts India's GDP growth at 6.5-7% for FY25

The projection in the Economic Survey is a tad lower than the Reserve Bank's growth estimates of 7.2%. However, major global agencies, including the International Monetary Fund (IMF) and Asian Development Bank, have projected the growth at 7%.

Tesla CEO ELon Musk

Gujarat, Tamil Nadu invite Tesla's component suppliers to lure the EV maker into India

Three component suppliers of Tesla and other automakers recently visited Gujarat, while two European suppliers are looking to expand operations in Tamil Nadu.

Byju’s faces bankruptcy

Byju’s faces bankruptcy proceedings following BCCI petition over 158 crore default

Byju Raveendran, the visionary behind the renowned edutech giant, Byju’s, is on the brink of losing his managerial grip on the company he established in 2011. Once valued at $22 billion in 2022, Byju’s has faced a series of financial setbacks, causing its valuation to plummet to below $200 million.

Union Budget 2024-25

Union Budget 2024-25: Anticipations high as government prepares transformative reforms

The Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on July 23, aims to chart India’s path to becoming a developed nation by 2047. Key focus areas include infrastructure development, digital transformation, MSME support, and financial inclusion. Market expectations highlight potential changes in import duties, retail sector boosts, and significant reforms in the education sector.

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