In the Rs 32,400 crore Goods and Services Tax (GST) demand on Infosys, the Karnataka State authorities have withdrawn the pre-show cause notice to the company.

In a regulatory filing, the company said: “The company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the company to submit further response to the Directorate General of GST Intelligence (DGGI) central authority on this matter.”

Food aggregator platform Zomato on Thursday reported a consolidated profit of Rs 253 crore in the first quarter (Q1) of financial year 2024-25 (FY25), up from Rs 175 crore a quarter ago. The company turned profitable for the first time ever in the corresponding period last year (Q1 FY24), with a profit of Rs 2 crore.

Zomato’s revenue from operations rose 74 per cent year-on-year (Y-o-Y) to Rs 4,206 crore in Q1, up from Rs 2,416 crore a year ago. It had reported a revenue of Rs 3,562 crore in the previous quarter.

India's power consumption rose a meagre 3.5 per cent to 145.40 Billion Units (BU) in July compared to the year-ago period as rainfall brought down temperatures from the scorching heat.

In July 2023, the power consumption stood at 140.41 BU, according to official data.

The highest supply in a day (peak power demand met) also rose to 226.63GW in July 2024 against 208.95 GW in the year-ago month.

Congress MP Manickam Tagore has submitted an adjournment motion notice in the Lok Sabha over "water leaks" inside the Parliament. The notice, filed on Thursday (August 1), proposes the formation of a "specialised committee" to inspect the Parliament building. The Congress MP has also shared a video of water leaks inside the lobby caused by heavy rainfall on Wednesday.

Andhra Pradesh Governor S Abdul Nazeer has promulgated an ordinance approving a Vote-on-Account budget for the state for a sum of Rs 1.3 trillion for four months.

The Andhra Pradesh Appropriation (Vote-on-Account No. 2) Ordinance, 2024 came into force and enables the state government to withdraw funds from the Consolidated Fund of the state.

As India gears up to celebrate its 77th Independence Day, Air India Express has launched a "Freedom Sale" with fares as low as Rs 1947.

Book your flights between now and August 5th for travel until September 30th, 2024. You can explore both domestic and international routes, including popular getaways like Delhi-Jaipur, Bengaluru-Goa, and Delhi-Gwalior.The airline is offering discounts across its network of 15 international and 32 domestic destinations.

India's second largest IT services company Infosys has been slapped with a 'pre-show cause' notice for alleged GST evasion to the tune of about Rs 32,403 crore.

In a BSE filing, the Bengaluru headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of Rs 32,403 crores for the period July 2017 to March 2022, towards the expenses incurred by overseas branch offices of Infosys Ltd, and added that the company has responded to the pre-show cause notice.

The Union Public Service Commission (UPSC) on Wednesday cancelled the selection of Puja Khedkar as a trainee Indian Administrative Service (IAS) officer and imposed a lifetime ban on her from taking any future UPSC examinations. This severe action follows the discovery that Khedkar had falsified her identity to surpass the permissible number of attempts for the Civil Services Examination (CSE).

The UPSC, in a statement, confirmed that Khedkar was found guilty of violating the Civil Services Examination rules by faking her identity to gain additional attempts.

The Delhi High Court on Wednesday pulled up authorities over the deaths of three UPSC aspirants who drowned in the basement of a coaching centre, saying such tragedies are bound to happen when there is no collection of taxes due to a "freebies culture".

The high court hinted at asking a central agency to probe the incident and directed the Municipal Corporation of Delhi (MCD) commissioner, deputy commissioner of police concerned and the investigating officer of the case to appear before it on Friday.

Former US president Donald Trump, who is also the Republican presidential nominee, is the biggest threat to health, welfare and social security programmes, the rival Harris campaign alleged Tuesday.

A second Trump term would undo nearly 60 years of progress in helping low- and middle-income Americans access the quality, affordable health care they need, the Harris campaign said in a statement.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.