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AdaniConneX Secures $213 Million Financing Facility For Data Centres: Powering India’s Digital Revolution
In a groundbreaking development for the data center industry, AdaniConneX, a dynamic joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a financing facility worth $213 million for its vibrant under-construction data center asset...
Will Byju make the cut with new Auditor ?
Byju’s, the renowned edtech major, recently underwent a significant change in its auditor position. Deloitte Haskins & Sells, the previous statutory auditor of Byju’s, resigned from its role due to a delay in the submission of financial statements for the...
Pension Scheme Assets to Surpass 10 lakh crore
In a recent interview with the Chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty, it was revealed that the assets under management (AUM) in pension schemes are expected to surpass Rs 10 lakh crore by September . This blog post will...
GST Evasion of ₹30,000 Crore Unearthed
In a significant development, the Directorate General of GST Intelligence (DGGI) has recently uncovered a staggering case of GST evasion amounting to ₹30,000 crore. This revelation comes as part of the intensified efforts by tax officers to detect and curb fraudulent...
Mobile GST Hike Surpasses PLI Outlay, Boosting Government Revenue and Employment
Introduction:
In recent news, the mobile Goods and Services Tax (GST) hike has emerged as a game-changer for the government, surpassing the outlay of the Production-Linked Incentive (PLI) scheme. Industry executives have reported that the incremental GST of 6% on...
Unveiling the Return: The Remarkable Journey of Rs 2,000 Notes Back to Bank
Introduction:
In a revelation that has sparked intrigue and raised eyebrows, the Reserve Bank of India (RBI) has unveiled a surprising statistic: 50% of the Rs 2,000 denomination currency notes in circulation have made their way back to banks. This unexpected turn of...
India Predicted to Outshine China as Asia Remains a Bright Spot: OECD Report
Introduction:
According to the latest report by the Organization for Economic Cooperation and Development (OECD), India’s economic growth is projected to surpass that of China in 2023 and 2024. The report highlights India’s robust growth potential and...
RBI Issues Guidelines for Loan Write-offs and Default Loss Guarantee in Digital Lending
Introduction:
The Reserve Bank of India (RBI) has recently released comprehensive guidelines pertaining to loan write-offs, compromise settlements, and default loss guarantees in digital lending. These guidelines aim to establish a regulatory framework for managing...