SUMMARY While the sale of used EVs between individuals will remain GST-exempt, old EVs bought by companies and then sold further will be taxed at 18% on the margin value The GST Council deferred its decision on reviewing tax rates for food delivery platforms such as Swiggy and Zomato, citing the need for further review The Council also provided clarity on payment aggregators, stating that transactions below INR 2,000 processed by aggregators will be exempt from the tax levy Finance Minister (FM) Nirmala Sitharaman on Saturday (December 21) clarified that new electric vehicles (EVs) will continue to be taxed at…
Author: DF Manager
Elon Musk, CEO of Tesla, has once again stirred conversation on social media by discussing Tesla’s recent stock surge and its potential consequences for short sellers. Early this morning, Musk took to X (formerly Twitter) to address the explosive growth of Tesla’s stock, suggesting that if the trend continues, it could obliterate short sellers, including billionaire Bill Gates, who has previously admitted to holding a short position against Tesla. A Remarkable Recovery and Rise Tesla’s stock has experienced a meteoric rise, surging by over 56% in the past month and climbing above the $400 mark. This recovery has propelled Tesla…
As the festive spirit of Christmas fills the air, it is the perfect time to revel in the joy of togetherness, the warmth of shared moments, and the charm of meaningful gifting. Rising to this festive occasion, homegrown Indian brands are making their mark with hyper-personalized, curated products that stand out for their uniqueness and thoughtfulness. Rooted in local craftsmanship and creativity, these brands are redefining Christmas gifting as a true reflection of individuality and style.As mindful gifting takes center stage, the focus has shifted from mere gestures to thoughtful offerings. In this evolving landscape, three exceptional homegrown Indian brands…
The number of netizens accessing the internet has increased with the arrival of JIO in India as it offers low-cost data plans and cheaper smartphones, which let them surf the world easily. Due to this, more people are found to be active online.Taking an edge over this, various companies come up with unique marketing strategies in order to make their brand viral. One of those strategies is known as Viral Marketing. Viral Marketing is a business strategy that uses a social media platform to promote a product or service. In other words, it is a digital marketing strategy that…
New Delhi, Ola Electric on Saturday said it has launched a limited ‘Sona’ edition of its S1 Pro in real 24-karat pure gold elements. This limited edition scooter has been introduced as part of the #SavingsWalaScooter campaign, under which the company will expand its sales and service network to 4,000 stores across the country on December 25, the company said in a statement. As a year-end surprise for customers, the company will be giving away limited units of Ola S1 Pro Sona through #OlaSonaContest, the company said. “We are thrilled to introduce the Ola S1 Pro Sona this holiday season,…
Under central government-sponsored PM Formalization of Micro Food Processing Enterprises (PMFME) Scheme across the country, a total of 1,08,580 micro food processing enterprises have been approved for assistance under PMFME Scheme till 31st October, 2024. The scheme is operational from 2020-21 to 2025-26 with total outlay of Rs. 10,000 crores.Union Minister of State for Food Processing Industries, Shri Ravneet Singh Bhittu, shared this information in a written reply to Loksabha. He informed that the Ministry of Food Processing Industries (MoFPI) in India has been actively supporting small and medium-scale food processing entrepreneurs through various schemes. Here are some key initiatives:Central Sector…
Mumbai-based gaming and sports media company Nazara Technologies has closed a Rs 855 crore (approximately $100 million) funding round through a preferential issue of shares. The funds, which will drive the company’s strategic expansion and acquisitions, were approved for allocation by the board on November 27, 2024. Leading investors in the fundraise The fundraising round was led by SBI Innovative Opportunities Fund with an investment of Rs 220 crore for over 23 lakh shares. Junomoneta Finsol Private Limited followed with Rs 150 crore for 15.71 lakh shares. Think India Opportunities Master Fund LP also contributed Rs 150 crore, while Siddhartha…
SUMMARY A report highlighted that 44% of MSME respondents reported cost savings from AI adoption in their business units MSMEs can integrate AI in customer service automation, predictive analytics and supply chain management among other use cases Collaboration and partnerships with technology providers, AI startups, and academic institutions are crucial for broader AI implementation As artificial intelligence (AI) continues to permeate every aspect of our lives, it presents a transformative opportunity for small and medium-sized enterprises (MSMEs). The potential for AI to revolutionise business operations is not just immense, but also inspiring, offering a hopeful future for MSMEs. However, the…
Microsoft Corporation (India) Private Limited, the Indian subsidiary of the Satya Nadella-led tech giant, saw its profit grow by over a third, driven by increased income from product and service sales.The company reported a net profit of Rs 898 crore for the fiscal year 2023-24—up 38.4% from Rs 648.6 crore earned in the previous year, as stated in its financial filing with the Registrar of Companies (RoC).The tech firm recorded operating revenue of around Rs 22,562 crore in FY24, an increase of 17.3% year-on-year (YoY). Its total income, including interest income on bank deposits of Rs 329.7 crore, rose 18.3%…