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GST collection rises 28% in August to Rs 1.43 trillion: Finance Ministry

GST collection rises 28% in August to Rs 1.43 trillion: Finance Ministry

Collections from Goods and Services Tax (GST) rose 28 per cent to Rs 1.43 lakh crore in August, the Finance Ministry said on Thursday.

GST collection has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August.

Delhi HC restrains Dominick Pizza from copying Domino's brand name

Delhi HC restrains Dominick Pizza from copying Domino's brand name

In a relief to Domino's, the Delhi High Court has restrained a pizzeria from using the name "Dominick Pizza" to sell pizzas. The HC's order on Wednesday came after global restaurant chain Domino's Pizza accused Dominick Pizza of deceptively using a similar and identical logo, name, and trademark.

In its order, Delhi HC's Justice Pratibha M Singh observed that from the manner of listings of social media platforms and online ordering platforms, it was clear that the name and business of Dominick Pizza were being confused as that of Domino's outlets, reported Livelaw.in.

NDTV says stake sale to Adani needs approval from tax authorities

NDTV says stake sale to Adani needs approval from tax authorities

New Delhi Television Ltd said a major stake sale by its founders to Adani group would require clearance from India's tax authorities, adding another hurdle to the conglomerate's bid to take control of the popular news network.

The income tax department in 2017 provisionally barred the founders - Prannoy and Radhika Roy - from selling a part of their stake as part of a reassessment of their taxes, NDTV said in an exchange filing late on Wednesday .

Molbio Diagnostics looking to expand test menu on its Truenat platform

Molbio Diagnostics looking to expand test menu on its Truenat platform

Goa-based Molbio Diagnostics, which came up with a portable, battery operated RT-PCR point of care testing system that revolutionised India’s Covid-19 testing in the hinterland, is now planning to develop a plethora of tests to fuel its future growth.

Chandrasekhar Nair, Director and CTO, Molbio Diagnostics tells Business Standard that the platform can do 40 different kinds of tests now, and there are another 30 tests in the pipeline.

IndiGo announces codeshare with Virgin Atlantic; to cover 7 cities in India

IndiGo announces codeshare with Virgin Atlantic; to cover 7 cities in India

IndiGo and Virgin Atlantic on Wednesday announced they are entering into a codeshare partnership under which each carrier can sell seats on other’s flights.

The British airline currently operates two daily flights on London (Heathrow airport)-Delhi route and one daily flight on London (Heathrow airport)-Delhi route.

Tata alters policies to consolidate group operations under one umbrella

Tata alters policies to consolidate group operations under one umbrella

Ratan Tata, chairman of Tata Trusts, has made several changes to the group’s holding company Tata Sons’ policies to consolidate operations under one umbrella.

The recent change in Tata Sons’ articles of association (AoA) that separates the positions of Tata Trusts and Tata Sons’ chairman is part of a series of decisions taken by the groups patriarch since 1991.

Shriram Group lowers growth guidance for merged finance biz in FY23

Shriram Group lowers growth guidance for merged finance biz in FY23

Turning cautious on the pace of expanding loan book, Shriram Group has scaled down growth estimates for the business of non-banking finance companies, under the merged entity, from 15 per cent to 12 per cent in FY23.

The growth rate (Year-on-Year basis) may come down when lending rates increase, and the credit demand may also come down to some extent. The growth for the combined entity (post the merger) may be about 12 per cent from earlier guidance of 15 per cent for FY23, said Umesh Revankar, Vice Chairman & Managing Director, Shriram Transport Finance Company (STFC).

With Rs 4.4-trn m-cap, Adani Transmission is India's 8th most valued firm

With Rs 4.4-trn m-cap, Adani Transmission is India's 8th most valued firm

Adani Transmission has entered the elite club of top 10 most valuable companies in India. The Gautam Adani-led power transmission firm has become the eighth most valued firms in terms of market capitalisation (market cap). At 10:25 am, Adani Transmission's market cap stood at Rs 4.4 trillion, BSE data shows.

With this, Adani Transmission has surpassed the valuation of housing finance company - Housing Development Finance Corporation (HDFC), which has a market cap of Rs 4.31 trillion.

Oppn should think about 2029 polls not 2024, says BJP leader Javadekar

Oppn should think about 2029 polls not 2024, says BJP leader Javadekar

Senior BJP leader Prakash Javadekar on Monday said the opposition should understand the personality of Prime Minister Narendra Modi and the work being done by him for the people of the country and advised them not to worry about the 2024 Lok Sabha polls and instead think of the 2029 elections.

He said after Modi became prime minister in 2014, the atmosphere in the country changed for good.

Indian students this year get twice as many US visas as China: Report

Indian students this year get twice as many US visas as China: Report

While the US gets most international students from China, Indians this year (till July) got about twice the number of students visas as the Chinese, showed an analysis of non-immigrant visas issued by the US State Department, reported The Indian Express.

A total of 77,799 Indian students received F-1 visas from January to July this year, while in China, 46,145 got the visa, the report said.

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