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Sebi's big ask baffles credit rating agencies
SEBI is pushing credit rating agencies to increase their oversight of companies seeking equity funding, aiming to prevent misuse of funds and deter dubious firms. The regulator wants CRAs to assess the justification for equity offerings and scrutinize fund utilization beyond standard audits.
Govt acts tough on service charges on restaurant bill: Fiesta by Barbeque Nation, Chaayos and another 3 eateries asked to refund money
Service charge: Central Consumer Protection Authority (CCPA) takes suo moto cognizance against 5 Delhi Restaurants for non-refund of service charge on restaurant bill. The 5 Delhi restaurants are: Chaayos, Fiesta by Barbeque Nation, Makhna Deli, Xero Courtyard, Castle Barbeque. The Ministry of Consumer Affairs have ordered these restaurants to issue refunds of service charge to the customers.
Dailyhunt parent faces audit heat; Go Digit Q4 results
Audit firm Deloitte has raised multiple red flags over Dailyhunt parent’s internal controls. This and more in today’s ETtech Top 5.
Stayflexi unveils FlexiAI: World's first chat-based hotel operations assistant
Stayflexi, backed by Y Combinator, introduces FlexiAI, a groundbreaking hotel chatbot revolutionizing front office operations. This pioneering Property Management System (PMS) leverages conversational AI, enabling hotels to manage reservations, access data, and generate reports through a simple chat interface. FlexiAI aims to streamline operations, reduce training, and enhance productivity for hotels globally.
GST body drops Rs 115 cr from tax demand against Mahindra & Mahindra
The GST adjudicating authority reduced Mahindra & Mahindra's GST demand related to brand name and logo usage by group companies. The authority ruled that if the subsidiary pays GST and claims ITC, the parent company isn't liable beyond the declared value.
New guidelines to curb GST registration related harassment, to help in timely resolution of grievances of taxpayers
GST registration: The govt said: "It is noted that varied practices are being followed by the officers in respect of verification of documents & details provided in FORM GST REG-01. It has been observed that while processing the application, avoidable clarifications are being sought by the officers leading to delay in getting registration as well as rejection of GST registration."
Samsung finishes PLI marathon first. Prize money: ?1,000 cr
Samsung is poised to be the first to complete the smartphone PLI scheme's five-year tenure, potentially securing over ?1,000 crore in incentives by achieving its ?25,000 crore production target. The company has initiated the claims filing process, having met targets in most years, and is likely to have surpassed production goals in the final year.
MHA orders forensic audit of Ahmedabad NGO's books for 3 years
The Ministry of Home Affairs has ordered a forensic audit of Give Foundation, an Ahmedabad-based non-profit, concerning its foreign contributions from 2019 to 2022. This rare move, authorized under the Foreign Contribution (Regulation) Act, prompts scrutiny of the organization's financial records. The audit's trigger remains unclear, raising questions about potential FCRA violations or concerns regarding specific transactions.
How XDC Network is leveraging blockchain tech to reduce costs and processing times in trade finance
Atul Khekade and Ritesh Kakkad established XDC Network to address inefficiencies in global trade and finance. The platform uses a hybrid blockchain to balance transparency and confidentiality, benefiting SMEs by streamlining trade finance processes through asset tokenisation.
ASUS launches AI-powered ExpertBook P series in India for SMEs and professionals. Check price, features
ASUS has launched its new ExpertBook P Series laptops in India—comprising the P1, P3, and P5 models—designed for small businesses and professionals. The lineup features AI-powered performance, military-grade durability, enterprise-grade security, and nationwide onsite support. Partnering with Flipkart, ASUS is offering enhanced buying options including business demos, GST invoicing, and fast delivery.
Ola Electric clarifies if Feb sales data includes yet-to-be-delivered bikes
Ola Electric clarified that its February 2025 sales figures reflect genuine customer demand with full payments, addressing concerns raised about inflated numbers. A Bloomberg report alleged that Ola included bookings for unreleased models, like the Gen 3 and Roadster X, in its sales data.
New-age firms' Monday blues; Juspay's near-unicorn round
The global stock market carnage has come for India’s freshly-listed new-age tech firms. This and more in today’s ETtech Top 5.
SaaS-ination? AI may be threatening traditional SaaS model
Artificial intelligence may be threatening the existence of the traditional Software-as-a-Service model, forcing even established companies to adapt and innovate, or risk oblivion.
No GST e-Way Bill without two factor authentication from April 1, 2025? GSTN to shortly make it mandatory
Goods and Services Tax: GST registered taxpayers who are yet to register for two factor authentication have got a relief from GSTN. This is because GSTN said on the portal that for now the requirement of generating a e-waybill with 2FA is optional. Shortly it will be made mandatory. Read below to know whether you can generate e-waybill without 2FA.
For China and US Inc, Trump's trade war feels much worse this time
Orders have significantly dropped for Chinese manufacturers like Richard Chen, leading to financial strain due to the new U.S. tariffs on Chinese goods. Trump's latest tariffs have exacerbated struggles with increased wage and material costs. As a result, many manufacturers anticipate layoffs and look for cost-cutting measures to survive.
Unused LTA utilisation: Take a holiday and travel in India before March 31, 2025, to save income tax; know how to make this plan work
Leave Travel Allowance (LTA): Eligible employees who have an holiday on March 31, 2025 on account of Eid al-Fitr can make use of their unused LTA to plan a family short vacation and while at it save income tax under the old tax regime. For the present Block the last date to take LTA is Dec 31, 2025. Read below to know how to make this plan work.
Decoding agentic AI gold rush
Agentic AI startups are booming, attracting investors with their potential for automation and revenue. While applications span industries, challenges like autonomy and fairness persist. Despite hurdles, the sector is experiencing rapid growth, akin to a modern gold rush.
Customs rule of origin changes may raise compliance cost for importers: GTRI
The recent amendments in the customs rules to tighten checks on goods imported under FTAs may complicate imports at concessional duties and raise compliance costs. This move aims to combat misuse, particularly goods rerouted through FTA member countries like Vietnam. The amendments include stricter documentation requirements and potential conflicts with existing FTA agreements.
Gold prices at record high: Latest gold jewellery rates today at Malabar Gold, Joyalukkas, and Tanishq
Gold prices surged as investors seek refuge in the yellow metal amid rising inflation, global economic uncertainties, and a weaker US dollar. Many individuals are considering selling their gold jewellery to take advantage of high prices.
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