India is losing Rs 75,000 crore in taxes every year: Report

India is losing over $10.3 billion or about Rs 75,000 crore in taxes every year because of global tax abuse by MNCs (57.4%) and tax evasion by individuals(42.6%), says a report , State of Tax Justice. Cayman Islands, Netherlands, and the UK topped the list of countries responsible for tax evasion across the world.

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Majesco announces Rs 631 crore share buyback plan

Majesco, an insurance technology firm, has announced a share buyback plan of up to Rs 631.26 crore. The buyback will open on November 27 and close on December 11. The company will be buying back close to 74 lakh shares amounting to Rs.631 Crores which is close to 24.78 per cent of the total paid-up capital of the company.

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India to cut carbon footprint by 30-35%: PM Modi

Prime Minister Narendra Modi has said that India has set a target of cutting down its carbon footprint by 30 to 35 per cent.He made the statement while addressing at Pandit Deendayal Petroleum University (PDPU) at the convocation ceremony through video conference.

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Bharti Airtel to acquire 5.2% stake in Solar Power Company Avaada MHBuldhana

Bharti Airtel on Friday has announced that it will acquire a 5.2 percent stake in solar power company Avaada MHBuldhana for Rs 4.55 crore. Avaada MHBuldhana Private Limited is a newly-formed company that is expected to go fully functional in 2021. It is a subsidiary of Avaada Energy Private Limited (AEPL).

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Mittal, UK Govt to offer telecom connectivity via space

One Web, a global communications company in collaboration with the UK Govt are planning to offer telecom connectivity via space. Sunil Mittal’s Bharti Enterprises and the UK Govt. both own 45% stake each in the company. The company plans to begin testing anytime next year and officially launch by October 2022. 


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Unilever to introduce mouthwash formulation to battle COVID-19

Unilever has said that it is working on a mouthwash formulation, which, it claims, will reduce 99.9 percent of coronavirus after 30 seconds of rinsing. The company has stated that the product is expected to launch in India by December 2020.

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Shriram Credit buys CCD’s Way2Wealth

Coffee Day Enterprises has entered into a share purchase agreement with Shriram Credit Company Limited to buy stakes in Way2Wealth Securities Pvt Ltd for a consideration of Rs.65 Crores subject to adjustments. 

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Punjab Farmers To Stop Train Blockades For 15 Days

Punjab farmers have agreed to Punjab CM Amarinder Singh’s request to stop the blockade of trains for 15 days. The farmers are protesting the three Farm Bills that were passed in the last session of parliament.” Had a fruitful meeting with Kisan Unions. Happy to share that starting 23rd Nov night, Kisan Unions have decided to end rail blockades for 15 days. I welcome this step since it will restore normalcy to our economy. I urge the Central Govt to resume rail services to Punjab forthwith” read the CM’s tweet

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