Stakeholders in meetings with the Finance Ministry have raised concern on the raft of notices to multiple sectors based on interpretation of the law which the government says is a result of artificial intelligence and data analytics in tax. First, it was Rs 1.4 lakh crore of GST notices to online gaming, then Rs 1.5 lakh crore of notices to shipping companies and now the airline sector.
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Mumbai: Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalisation and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official of the US International Development Finance Corp (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding.
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IPO-bound Ola Electric has reported consolidated revenue of Rs 2,782 crore up nearly 510 percent in the financial year ended March 2023 (FY23) even as its net loss widened to Rs 1,472 crore on the back of an increase in its expenses, showed the company’s auditor signed financial statements shared with bankers and investors. Moneycontrol has seen the copy of the financial statements.
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