business news

Maruti Suzuki India Limited has received a draft assessment order from the Income Tax Authority, amounting to Rs 2,159.70 crore for the financial year 2019-20. The company will file objections before the Dispute Resolution Panel, with no immediate impact on its operations.

Bandhan Bank announces the successful migration of its core banking system and internet banking, ensuring robust digital services as other banks grapple with technical difficulties in their tech-based offerings.

IDFC First Bank is set to raise Rs 3,000 crore through a Qualified Institutional Placement (QIP) with a green shoe option, as its shares outperform its sector by a substantial margin.

The World Bank has lowered growth forecasts for East Asia's developing economies, primarily due to a slowdown in China. This adjustment is expected to result in one of the region's slowest growth rates in five decades, attributed to various factors including tumbling retail sales, stagnant house prices, increased household debt, and trade tensions.

Mahanagar Gas Ltd (MGL) has announced a reduction in the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and neighboring areas. CNG prices have been lowered by ₹3 per kilogram, while PNG prices have been reduced by ₹2 per standard cubic meter (scm). Find out the new rates and the factors behind this price adjustment.

WhatsApp has banned over 74 lakh accounts in India, including proactive actions, as part of its efforts to comply with the country's new IT Rules. Find out why these accounts were banned and how WhatsApp is taking steps to combat abuse on its platform.

A video of a Kerala farmer selling fresh produce from his Audi at a roadside market has gone viral. The farmer, who has received three state-level awards for his farming, is inspiring others with his unconventional approach to agriculture.

A Bengaluru resident secured ₹1 Lakh in compensation from Apple India and an authorized service center after filing a complaint of unfair trade practices. The dispute arose when issues persisted with his iPhone 13 despite repairs, leading to a legal battle.

Dell, a US technology giant, is considering fresh investments in its Bengaluru research and development center and seeks support from the Karnataka government to navigate import restrictions on Special Economic Zone (SEZ) operations. Meanwhile, semiconductor maker Global Foundries also expresses interest in expanding its presence in Bengaluru.

Veteran industrialist AM Naik formally steps down as Non-Executive Chairman of Larsen & Toubro (L&T), passing on the reins of the $23 billion conglomerate to S N Subrahmanyan. Naik, 81, will focus on IT companies and philanthropic initiatives, leaving behind a legacy of six decades at L&T.