Airtel adds 1.9 million users after 3 months, BSNL grows base

Jio IPO size is being derived on the basis of its valuation benchmarked against Airtel

Air Works, which has a workforce of more than 1,300 personnel, handles MRO work for commercial as well as defence aircraft

Jeet Adani, director of Adani Airport Holdings Limited (AAHL)

India has become most populous nation. But with fertility rate slowing, there are concerns that it may grow old before getting rich. The second part of the series explores demographic challenges

population

The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday.
At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge.
This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants.
The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .

NPS, Pension

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime of popcorn.
"Ready-to-eat popcorn", which is mixed with salt and spices, and has the essential character of namkeens currently attracts a 5 per cent GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12 per cent GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.

Just before the clock strikes midnight, a world of cinema opens at TIFF

With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka's credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.
Fitch upgraded Sri Lanka's long term credit default rating to CCC+ from CCC- on Friday as it said that the risk of another default on local currency debt has been reduced by the completion of the international sovereign bond restructuring and an improved outlook for macroeconomic indicators.
Mahinda Siriwardana, a top bureaucrat in the Finance Ministry, said in a statement: December 20 marked a major milestone in our economic recovery process as Sri Lanka officially exited sovereign default.
Sri Lanka had plunged into an economic crisis when the island nation declared sovereign default in mid-April of 2022, its first since gaining independence from Britain in 1948. Almost civil-war-like conditions and months of public protests led to the fleeing of the then president Gotabaya Rajapaksa.
Rani

Sr Lanka, Sri lanka flag

Three scenarios culminated in mutual annihilation, with both the US and China engaging in a nuclear exchange that decimated cities and resulted in millions of casualties

US China flag, US-China flag

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

An inquiry commission formed by Bangladesh's interim government has said that it has found India's "involvement in alleged incidents of enforced disappearances during deposed prime minister Sheikh Hasina's regime, the state-run news agency BSS reported on Saturday.
The Bangladesh Sangbad Sangstha quoting the Commission of Inquiry on Enforced Disappearance said, The Indian involvement in Bangladesh's system of enforced disappearances is a matter of public record."
The report said that according to the five-member commission headed by a retired Supreme Court judge, there was a persistent suggestion in law enforcement circles that some Bangladeshi prisoners might still be languishing in Indian jails.
"We recommend the Ministries of Foreign and Home to extend their best efforts to identify any Bangladeshi citizens who may still remain incarcerated in India. It is beyond the jurisdiction of the commission to follow this trail outside Bangladesh," the commission said.
The commission said

Bangladesh flag, Indian flag

Leasing of logistics and industrial (L&I) spaces is estimated at 50-53 million square feet this year across eight major cities on sustained demand, according to Cushman & Wakefield.
The leasing of L&I spaces stood at 53.57 million square feet across Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad.
Real estate consultant Cushman & Wakefield said that as of October 2024, the leasing volume has already surpassed 41 million square feet across the top-8 real estate markets.
"Ever since the Production-Linked Incentive (PLI) scheme was introduced by the government in 2020, the industrial leasing volume witnessed healthy growth. Besides, the strong emergence of retail and e-commerce has led to intense activity in the warehousing space too," the consultant said.
For 2025, Cushman & Wakefield foresee the new-normal level of demand to sustain given the widening of the consumption base in India alongside robust industrial

TKIL Industries Pvt. Ltd. (formerly known as thyssenkrupp Industries India Pvt. Ltd) on Tuesday said it has made a strategic investment for a stake in SoHHytec SA, based in Lausanne, Switzerland, for an undisclosed amount.

Christmas 2024 history and significance: Christmas is a vibrant festival blending religious devotion with cultural exuberance. The celebrations begin on Christmas Eve and continue till December 25th

Christmas

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Tuesday directed officials to formulate a comprehensive policy for employment on compassionate grounds and said his government intends to settle all pending cases.
Chairing a high-level meeting, he asked the officials to compile and present data like the department, age and educational qualification of the applicants seeking employment on compassionate grounds, a statement said.
The state government is adopting a "liberal and sympathetic" approach to offer employment in the government sector to those who lost their family members during service, he said and instructed the officers to come up with the requisite data in the next meeting on January 10.
The government is committed to supporting the well-being of dependents by giving preference to widows and orphans in providing employment on compassionate grounds, he said and added that various aspects would be viewed to benefit the maximum number of applicants.
Sukhu said that

sukhu

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Logistics, Industrial spaces demand seen at 50-53 mn sq ft in 2024: Report

Merry Christmas 2024: Festival history, significance, tradition, and more

Himachal to resolve pending cases of employment on compassionate ground: CM

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