Ineligible ITC refunds? Infosys issued Rs 415 crore showcase notice by DGGI; what the matter is about
[ad_1] DGGI commenced their investigation based on confidential information suggesting Infosys had sought improper ITC refunds. Infosys, India’s second-largest IT services exporter, has been issued a showcase notice over alleged ineligible refunds. The GST Intelligence wing (DGGI) has reportedly served Infosys with a notice questioning their claim of input tax credit (ITC) refunds amounting to Rs 414.88 crore for service
Punjabi singer-actor Rajvir Jawanda dies at 35, 11 days after Himachal Pradesh road accident | Chandigarh News
[ad_1] NEW DELHI: Punjabi singer and actor Rajvir Jawanda, 35, died on Tuesday after battling for nearly 11 days following a serious road accident in Himachal Pradesh.The accident occurred on September 27 in the Baddi area while he was traveling to Shimla in Solan district, when he reportedly lost control of his motorcycle. He was immediately shifted to Fortis Hospital,
Sensex, Nifty Set For Muted Start
[ad_1] Indian shares are seen opening flat to slightly lower on Wednesday as investors react to weak cues from global markets and await cues from the upcoming September-quarter earnings season. The World Bank has raised its growth outlook for India to 6.5 percent from 6.3 percent for the current financial year, citing strong consumption growth, improved agricultural output and rural
WTO | 2025 News items
[ad_1] The Work Plan 2025-2026 of the Informal Working Group on Trade and Gender (IWG (INF/TGE/W/10/REV1) seeks to translate members’ shared commitments to gender equality in trade into actions. The co-chairs recalled that the new Work Plan builds on the strong foundation laid since the establishment of the group in 2020, and reflects the momentum gained after MC12 and MC13.
Japan Current Account Surplus Y3.776 Trillion In August
[ad_1] Japan posted a current account surplus of 3.776 trillion yen in August, the Ministry of Finance said on Wednesday – down 4.8 percent on year. That beat forecasts for a surplus of 3.540 trillion yen and was up from 2.684 trillion yen in July. Imports were down 6.0 percent on year to 8.253 trillion yen and exports were up
UK: British Sikh group prepares legal action over Islamophobia definition
[ad_1] Representative image (Picture credit: AP) LONDON: A British Sikh organisation has threatened to take legal action against the UK government over a potential new definition of Islamophobia and the decision to appoint a working group to develop one, pointing out that any government-backed definition risks discriminating against other faiths.The Network of Sikh organisations (NSO), an umbrella body for Sikhs
U.S. Stocks Give Back Ground, S&P 500 Snaps 7-Day Winning Streak
[ad_1] Following the upward move seen over the course of the previous session, stocks gave back some ground during trading on Tuesday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off Monday’s record closing highs. The major averages finished the day off their worst levels but still in negative territory. The
Bumper harvest: Auto retails surge 34% in Navratri period on GST cuts
[ad_1] NEW DELHI: Auto retails surged by a strong 34% to a record 11.6 lakh units in the auspicious Navratri period as GST cuts – that came into effect from September 22 – as well as start of the festive season in north boosted demand. The same was 8.6 lakh units in the nine-day Navratri period last year, according to
Three-Year Note Auction Attracts Modestly Above Average Demand
[ad_1] The Treasury Department kicked off this week’s series of announcements of the results of its long-term securities auctions on Tuesday, revealing this month’s sale of $58 billion worth of three-year notes attracted modestly above average demand. The three-year note auction drew a high yield of 3.576 percent and a bid-to-cover ratio of 2.66. Last month, the Treasury also sold
WTO | 2025 News items
[ad_1] The General Council meeting opened with a moment of silence for Carlos Perez del Castillo, the former Ambassador of Uruguay to the WTO who passed away in August. General Council chair Saqer Abdullah Almoqbel (Saudi Arabia) noted that Mr. Perez del Castillo played a central role in the WTO during its early days and chaired a number of its
Cough syrup death toll rises to 17 in Madhya Pradesh
[ad_1] In this image posted on Oct. 6, 2025, Madhya Pradesh Chief Minister Mohan Yadav meets family members of the children who died due to suspected renal failure, allegedly caused by consumption of a cough syrup, in Chhindwara district, Madhya Pradesh. Photo: @CMMadhyaPradesh/X via PTI Photo The death toll of children in Madhya Pradesh’s Chhindwara owing to consumption of an
U.S. Stocks Giving Back Ground Following Recent Strength
[ad_1] Stocks have moved mostly lower during trading on Tuesday, giving back ground following the upward move seen in the previous session. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 pulling back off yesterday’s record closing highs. Currently, the major averages are off their lows of the session but still in negative
WTO | 2025 News items
[ad_1] In the 7 October update of “Global Trade Outlook and Statistics”, WTO economists provide new analysis on the build-up in inventories in 2025 and the robust trade in artificial intelligence-related goods such as semiconductors, servers and telecommunications equipment. They note however that trade growth will likely slow in 2026 as the impact of the cooling global economy and new
Valmiki Jayanthi celebrated in Karnataka’s Shivamogga
[ad_1] MLA for Shivamogga S.N. Channabasappa and other officials offering floral tributes to the portrait of Maharshi Valmiki on the occasion of Valmiki Jayanthi in Shivamogga on Tuesday. | Photo Credit: S.K. DINESH The Shivamogga district administration celebrated Valmiki Jayanthi with a procession, a stage programme, and the naming of a circle after Maharshi Valmiki in Shivamogga on Tuesday. The
Austria Wholesale Prices Rise 1.2%
[ad_1] Austria’s wholesale prices increased for the second straight month in September, figures from Statistics Austria showed on Tuesday. The wholesale price index rose 1.2 percent year-over-year in September, faster than the 0.2 percent rise in August. Moreover, this was the fastest growth since January, when prices rose 1.3 percent. “The main reason for the increase is the continuing high
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French Trade Gap Narrows In August
[ad_1] France’s trade deficit decreased in August as imports fell faster than exports, data released by the customs office showed on Tuesday. The trade deficit dropped to EUR 5.53 billion in August from EUR 5.74 billion in July. The expected shortfall was EUR 5.2 billion. In the corresponding month last year, the trade deficit was EUR 7.15 billion. During August,
Democrats Must Agree To Spending Bill To End Shutdown: Poll
[ad_1] A majority of respondents who took part in a recent survey say Democrats should end the current shutdown without insisting on Obamacare funds. In a new Harvard CAPS/Harris poll, the participants were asked if the Democrats end the shutdown by accepting a continuing resolution at current levels of expenditure until the actual spending bills are passed or should the
EU Questions Credibility Of Elections In Georgia
[ad_1] The European Union has questioned the credibility of local elections held in Georgia on Saturday. In a statement issued on Monday, High Representative Kaja Kallas and Commissioner Marta Kos said the elections were held amid a period of extensive crackdown on dissent. They alleged that months of raids on independent media, the passing of laws targeting civil society, the
UK House Prices Fall For First Time In 4 Months
[ad_1] UK house prices decreased for the first time in four months in September as concerns over potential tax increases weighed on the property market activity, the mortgage lender Halifax said Tuesday. House prices fell 0.3 percent on a monthly basis, in contrast to the 0.2 percent increase in August. Prices dropped for the first time since May and confounded
Senate Fails Again To Pass Funding Bill
[ad_1] The U.S. federal government’s shut down continued after the Senate once again failed to reach an agreement on the spending bill. A Bill proposed by the Democrats to extend the government’s funding in health care sector failed on Monday with 45 Senators voting for, and 50 voting against it.The Republicans then introduced another Bill, pushing to pass government funding
German Factory Orders Fall Unexpectedly
[ad_1] Germany’s factory orders declined unexpectedly in August, data released by Destatis showed on Tuesday. Factory orders decreased 0.8 percent on a monthly basis, following a 2.7 percent decrease in July. This was in contrast to the anticipated increase of 1.2 percent. Excluding large orders, new orders were 3.3 percent lower than in the previous month. New orders for capital
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Sunil Gavaskar loses cool, calls West Indies pacers ‘net bowlers’ after 1st Test humbling against India | Cricket News
[ad_1] Sunil Gavaskar loses cool, calls West Indies pacers ‘net bowlers’ Former Indian cricket captain Sunil Gavaskar has criticised the West Indies bowling attack following their innings and 140-run defeat to India in Ahmedabad.The West Indies cricket team struggled in their first innings, scoring only 162 runs, with Indian fast bowlers Mohammed Siraj and Jasprit Bumrah leading the bowling attack.India
Japan Household Spending Climbs 0.6% On Month In August
[ad_1] The average of household spending in Japan was up a seasonally adjusted 0.6 percent on month in August, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 313,977 yen. That beat expectations for an increase of 0.1 percent following the 1.7 percent jump in July. On a yearly basis, household spending climbed 2.3 percent