Latest Update: All You Need To Know About New GST Rule
A new rule has been launched for businesses whose turnover is ₹100 crores or above. The GST Network has announced that these businesses have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoices, which will come into effect from 1 May 2023. Currently, businesses upload…
Sumit
Air India To Hire New Staff To Expand Its Operations
After placing an order for the largest-ever aircraft, Air India plans to hire new staff to expand its national and international operations. On Thursday, a report conveys that Air India is hiring more than 1000 pilots, including captains and trainers and 4,200 cabin crew trainees this year. Currently, Tata-owned Air India has more than 1,800…
Why Sudan Is Under Civil War?
In the mid of April, the clash between the military and the country’s paramilitary force erupted due to the power struggle between the two military regiments. Sudanese armed forces are loyal to the country’s de facto ruler, Gen Abdel Fattah al-Burhan, while the paramilitary forces follow the former warlord Gen Mohamed Hamdan Dagalo, known as…
Vipin
3M To Cut 6000 Jobs Globally Due to Weak Consumer Demand
On Tuesday, 3M confirmed that it will cut down 6,000 positions globally due to weak consumer electronic demands. This move is expected to affect 4% of the company’s total workforce. According to the company’s annual filing in December 2022, it has over 92,000 employees globally. 3M also recorded a pre-tax saving of $700-900 million upon…
Home Rentals Rise Due To Insufficient Market Supply
After a long hiatus of almost two years because of the pandemic, people are encouraged to work from offices and return to the cities from their hometowns. This has given an impressive boost in demand for rental homes and rents as well in Delhi NCR, along with other metro cities like Hyderabad and Bangalore. Home…
Yash Sharma
Adani Ports Buyback Debt Securities Upto $130M
Adani Ports and Special Economic Zone Limited (APSEZ) are in the process of buying back some specific debt securities to partly repay a near-term loan which is due in 2024. The part of Adani group has raised a tender of up to $130 million in unpaid debt. Adani Ports will buy the 3.375% senior notes,…
Shipra Prajapati
India Perseveres On Amidst Global Slowdown
“Headwinds from a slowing global economy are beginning to weigh more on exports,” believes Rahul Bajoria, an economist from Barclays Plc. However, that doesn’t bode well for India, whose exports declined for four months straight. The exports registered a decline of 13.9% in March, while the imports decreased by 7.90% compared to the figures of…
India #1 In Population: Exploring The Good And Bad
“India is projected to have a population of 1.66 billion by 2050, as per Business Standard.” Reports say that India’s population might already have exceeded that of China. While different predictions have slightly varying results, one thing is for sure. That India would be the world’s most populous nation by the end of April. The…
U.K. Witnessed The Highest Insolvency In Four Years
The United Kingdom is facing a crisis as the corporate business insolvency rate is rising. The weak economic grip, along with rising interest rates and a surge in energy bills, all the reasons combined, is making businesses choose their way out. Firms in the United Kingdom are going bust, attributing to various reasons, including inflation…
WPI Inflation Rate Dropped 29-Month Low Of 1.34% In March
The Wholesale Price Index (WPI) inflation rate dropped to its 29-month low in March. Due to the moderation in the price of manufacturing goods and commodities, the inflation rate of goods was 1.34% in March from 3.85% in February. As per the data released by the Ministry of Commerce on Monday, the manufacturing items rate…
