World

Karnataka Tax Authorities withdraw GST notice issued to Infosys, NASSCOM comes in Support of Infosys

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Karnataka Tax Authorities withdraw GST notice issued to Infosys

The Karnataka state tax authorities have withdrawn the pre-show cause notice previously issued to Infosys regarding an alleged ₹32,403 crore GST evasion. NASSCOM comes in support of Infosys, says authorities lack understanding.  The notice, which was sent on July 31st, claimed that Infosys had failed to pay Integrated Goods and Services Tax (IGST) on services Read more: Karnataka Tax Authorities withdraw GST notice issued to Infosys, NASSCOM comes in Support of Infosys..

Hero FinCorp filed DRHP with SEBI for its IPO to raise Rs 3,668 crore

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Hero FinCorp filed DRHP with SEBI for its IPO

Hero FinCorp, the financial services arm of Hero MotoCorp, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering (IPO).   Hero FinCorp filed its Draft Red Herring Prospectus (DRHP) for its IPO, aiming to raise ₹3,668 crore. The IPO will include a fresh issue of ₹2,100 crore and an Read more: Hero FinCorp filed DRHP with SEBI for its IPO to raise Rs 3,668 crore..

On August 1, Nifty closed above 25000 at all-time high, Nifty Bank closed slightly lower

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Nifty closed above 25000 at all-time high,

On August 1, 2024, the Nifty 50 closed at an all-time high of 25,010.90, surpassing the 25,000 mark for the first time. It reached an intraday high of 25,078.30 during the trading session. Nifty 50 breached the 25,000 mark for the first time, establishing a new all-time high. The index showed some volatility but maintained Read more: On August 1, Nifty closed above 25000 at all-time high, Nifty Bank closed slightly lower..