The Directorate General of GST Intelligence has served show cause notices to insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar, among others, for issuing fake invoices to claim input tax credit without providing any service. The investigation, initiated in 2022, has revealed an evasion of INR2,250 crore so far, with crackdowns on invoices raised from 2018 to March 2022.
Microsoft Corp and Alphabet Inc are adding AI chatbots to consumer products like their search engines, but they are also eying another huge market: selling the underlying technology to other companies via their cloud operations.
Many stores in Delhi, Gurgaon, Noida, Faridabad, Ghaziabad and others closed.
Shares in Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.1% in Hong Kong following the report before paring the loss to 3.3%. SoftBank shares traded unchanged, tracking a broader market.
WARNER-BROS-DISCOVERY-Warner Bros Discovery unveils revamped 'Max' in push for streaming growth
Tata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exporter pointed to macroeconomic concerns which may hurt the IT services firm. This and more in today’s ETtech Morning Dispatch.
Deal stalled over technology transfer, duration of partnership and investment issues