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My oh my! Since the passage of the American Rescue Plan signed into law by President Joe Biden on March 11, there are lots of new benefits and government support for small businesses. There have been changes to the Paycheck Protection Program (PPP) and new funds made available for restaurants and companies that are in the business of providing live […]
Read moreLender to be insurer’s co-promoter Diversified Max Group has sold a 13% stake in Max Life Insurance Company to the country’s third largest private sector lender Axis Bank, which will now be a co-promoter of the insurer. The completion of the deal comes more than a year after Max Financial Services and Axis Bank announced their intent to have a […]
Read moreAn ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises. An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. The latest […]
Read moreStay-at-home economy triggered deficit: Acer’s Goyal A worldwide shortage of monitors, flat TV screens, interactive panels, projector displays and other such devices may push up prices of display products globally by 10-20% in the next three to four months, as per BenQ India. “A serious shortage of display products is currently being felt across the globe as demand for such […]
Read moreFormer energy secretary predicts gallon of gas rises to at least $4 under Biden Former Energy Secretary Dan Brouillette provides insight into energy, infrastructure and a carbon tax under the Biden administration. Just two months into the Biden presidency and we are witnessing a remarkable juxtaposition on the issue of energy security that could have profound and serious implications both […]
Read moreAirtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for $119 million, Bharti Airtel said in a regulatory filing. The two companies have also entered into agreement for tower assets in Chad and Gabon but particulars of the deal were not disclosed. “Airtel Africa today (on Tuesday) announces the signing of agreements to sell its telecommunications […]
Read moreReplying to a question in Lok Sabha, Mr Thakur also said that the government was ready to discuss the issue of bringing petroleum products under the ambit of Goods and Services Tax Minister of State for Finance Anurag Thakur on Monday said both the Centre and the States need to think about reducing taxes on petrol and diesel as their […]
Read moreFox Business Flash top headlines for March 12 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Upstart Texas power retailer Griddy Energy LLC, devoid of customers and facing litigation after charging hefty amounts during the winter freeze that swept the state last month, is planning to file for bankruptcy, people familiar with the matter said. […]
Read moreWhat is the Cairn tax dispute about? What did the Permanent Court of Arbitration rule in December 2020? The story so far: In December 2020, a three-member tribunal at the Permanent Court of Arbitration in the Netherlands ruled against India in its long-running tax dispute with the U.K.-based oil and gas company Cairn Energy Plc and a subsidiary, Cairn UK […]
Read moreLIC led the pack with 24% increase Life insurers have reported a 21% rise in new business, or the first-year premium, for February, bolstered by market leader LIC’s good show as it returned to the positive zone since November. The first year premium of the 24 insurers stood at ₹22,425.21 crore. LIC saw a 24.18% rise in the first year […]
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