Author: Team Admin

New Delhi: Several Tata Consultancy Services (TCS) employees have received demand notices from the income-tax department over alleged discrepancies in their tax deduction at source (TDS) claims. India’s largest IT services company has asked the employees to wait for further instructions before paying the demanded amount. The tax demand varies from ₹50,000 to ₹1.5 lakh, sources said. “Associates that received the notice will receive a rectification intimation in due course and are not required to pay any demand amount. Once the tax authorities send the rectification intimations, the discrepancies should be resolved,” the Mumbai-headquartered company told its employees in an…

Goemkarponn desk PANAJI: The state government will levy a fine of Rs 10 lakh on those found polluting or contaminating groundwater. An amendment to the Goa Ground Water Regulation Act that was moved by the Water Resources Department and passed in the legislative assembly has been notified by the government. “Every Bulk user of water shall treat sewage, before its release, by adopting the standards as specified by the Goa State Pollution Control Board, failing which, he shall be charged a penalty of Rs. 10/- per cubic meter of water supplied to him or part thereof,” states the notification amending…

New Delhi, India: September 13, 2024, Today at the U.S. Chamber of Commerce’s U.S.-India Business Council (USIBC) India Ideas Summit and 49th Annual General Meeting, Babasaheb “Baba” N. Kalyani, Chairman and Managing Director of Bharat Forge, named recipient of the Global Leadership Awards. Each year, USIBC recognizes business champions from the U.S. and India who dedicate their work to advancing the bilaterial economic relationship and making significant contributions to catalyzing growth in the U.S.-India commercial corridor. USIBC President Ambassador (Retd.) Atul Keshap said, “Baba Kalyani is an exceptional global business leader with a long-term vision to create the building blocks…

South Korean electronics manufacturer Samsung is reportedly undertaking a restructuring exercise, handing out pink slips to employees. In India, the company is expected to lay off over 200 employees across divisions including smartphones, home appliances, and consumer electronics. An industry source said the layoffs are part of a global restructuring exercise and not necessarily related to performance of any particular segment or market. According to media reports, the company, in a statement, said workforce adjustments conducted at some overseas operations were routine, and aimed at improving efficiency, while adding that they are not impacting its production staff. According to data…

Goemkarponn desk PANAJI: The government has formally designated a portion of National Highway-66 (NH-66), from Guirim Cross to Sangolda junction, as a construction zone for a duration of 18 months. Various measures will be implemented in this segment, including the service roads, to ensure commuter and driver safety during the construction phase. A new traffic diversion strategy has also been announced by the district magistrate to control vehicle flow during the development. Cars going in the direction of Panaji will be diverted close to Mall de Goa, utilizing the service road after detouring via Chatrapati Shivaji Statue Road. This rerouting…

New Delhi: The Adani Group has called a report in a Swiss media outlet an “orchestrated and egregious attempt by the same cohorts acting in unison” to harm the Group’s reputation and market value. US short seller Hindenburg Research in a post on X claimed that Swiss media outlet ‘Gotham City’ accessed Swiss criminal court records to allege an “Adani frontman invested in opaque… funds that almost exclusively owned Adani stocks…” The Adani Group in a statement called the allegations baseless, preposterous, irrational and absurd. “We unequivocally reject and deny the baseless allegations presented. The Adani Group has no involvement…

Noida: Just as fans hoped to see some action in the Afghanistan vs New Zealand one-off Test on Friday, the match was abandoned without a ball being bowled at the Greater Noida Stadium. Poor facilities and inclement weather meant that the match was called off without a ball being bowled. In the process, the cricket world witnessed a first instance on Indian soil that a Test match was abandoned without a ball being bowled. The first time India hosted a Test match was in 1933. So, it is the first time in 91 years that a Test match on Indian…