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Aviva India hit with $7.5 million penalty for tax evasion, fake invoices

Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back taxes and penalties after an…

6 days ago

Steel maker SAIL to set up new rail mill with $800 million investment: Chairman Prakash

SAIL’s Chairman Amarendu Prakash said on Saturday the company is bullish on the demand for rails in the country and…

7 days ago

Andhra Pradesh’s electricity demand expected to reach around 260 million units per day

“It is estimated that the peak power demand in the upcoming summer will be around 13,700 megawatts, and the electricity…

1 week ago

Cognizant reduces owned and leased space in India by over 2 million sq ft in 2024

Cognizant Technology Solutions, the US-based IT company with a large employee presence in India, has downsized its total office space…

1 week ago

Shriram Finance raises $500 million via SACE ECB loan

Non-banking finance company (NBFC) major Shriram Finance has raised $500 million via SACE External Commercial Borrowing Push loan facility, with…

1 week ago

Motivity Labs secures $6 million IT services contract

Motivity Labs, a subsidiary of Magellanic Cloud Ltd, has won a $6 million contract with one of the world’s largest…

1 week ago