India's economy could prove to be the "most resilient" in South and South-West Asia over the long term, according to the UN. It feels a positive but lower economic growth post-pandemic and the country's large market will continue to attract investments. The FDI outflows from the sub-region increased for the 4th consecutive year, modestly growing from $14.8 billion in 2018 to $15.1 billion in 2019.

Wipro is offering its buyback programme on Tuesday, to the tune of Rs9,500cr. This led to massive buying sentiment in Wipro's stock as it has touched a new 52-week high of Rs390.40 per piece on Sensex in early deals. The company's buyback comprises of 23.75cr equity shares representing up to 4.16% of the total issued and paid-up Equity Share capital of the enterprise.

State Bank of India (SBI) is offering a new service to its customers that enables them to file through the YONO app an income tax return (ITR) for free. This new service could help customers as the due date for filing ITR ends on December 31, 2020. If you are an SBI customer and have not yet filed the ITR, then you can use this service to file your income tax returns.

The government is weighing a proposal to impose 18% goods and services tax (GST) on bitcoin transactions, estimated to be around Rs 40,000cr annually. The Central Economic Intelligence Bureau (CEIB) has put forward the proposal to the Central Board of Indirect Taxes & Customs (CBIC), suggesting that the government could potentially receive Rs 7,200cr annually on bitcoins trading in the country.

The Mumbai bench of the Income Tax Appellate Tribunal, on December 28, dismissed the income tax commissioner's revision order to revise its earlier assessments against three Tata Group trusts- Sir Dorabji Tata Trust, Ratan Tata Trust and JRD Tata Trust for the assessment year 2014-15. These trusts have a combined shareholding of 66%t in Tata Sons.

Rupa & Company share price spiked 10% intraday on December 29 after Abakkus Emerging Opportunities Fund bought 12,00,000 shares of the company at an average price of Rs 250.5 in a bulk deal. The stock was trading at Rs 287.40, up by Rs 27.65, or 10.64% at 09:54 hours. It has touched a 52-week high of Rs 297. The scrip also witnessed a spurt in volume by more than 2.66 times.

Sheila Patel, chairman of Goldman Sachs Group Inc’s asset-management unit, will step down from her role after nearly two decades at the helm. Patel, who is one of the most senior women at Goldman will take on the role of advisory director in the new year, said Chief Executive Officer David Solomon. Patel was promoted to Goldman's management committee in 2018 shortly after Solomon became the CEO.

Bajaj Auto Ltd on Tuesday joined the elite club of companies with over ₹1 trillion in market capitalisation. This is the third automobile company to have achieved the milestone, others being Maruti Suzuki India Ltd and Mahindra & Mahindra Ltd. The automaker also recently signed a pact with the Maharashtra government to set up a ₹650 crore manufacturing unit in Chakan.

Titan Company Limited intimated the exchanges Monday that they have approved corporate guarantees aggregating to Rs906cr to various banks on behalf of Titan Commodity Trading Limited, a wholly-owned subsidiary of the company on December 27, 2020. The Corporate guarantees will ensure funding limits to be availed by Titan Commodity up to Rs906cr from various banks.

PNB successfully completed the IT integration of all branches of erstwhile UBI. This is in continuation to the IT integration of all branches of erstwhile Oriental Bank of Commerce, undertaken in November 2020. With this PNB has concluded the integration and migration of databases of both Banks, which brings all the customers on the common platform to transact seamlessly across Bank’s network.

The never-ending tussle between Amazon, Reliance & Future Group continues with the US tech giant now urging the SEBI to not approve the merger of Future Group subsidiaries, which is a critical step in the deal. In another attempt to pause the deal, Amazon has written to SEBI asking it to not to give a go-ahead to Future Group mergers as the SIAC’s order is valid under India’s arbitration law.

The transformation of India from a farm-based economy into an industrial giant came with the help of big business. However, over 1500 telecom towers have been damaged in Punjab, allegedly by protesting farmers. Simply put, the farmers’ agitation has been used by vested interests to paint big business as some sort of villain. It’s obvious that such lawlessness must be condemned at the earliest.

Textile company Maral Overseas Limited on Monday refuted media reports of setting up a new unit by the company and expansion in the capacity of Garment Operation of the company. The company said in a regulatory filing, "We hereby refute the media news and inform that no such proposal as yet has been approved by the Board of Directors of the company.”

Britain must vaccinate two million people a week to avoid a 3rd wave of the coronavirus outbreak, a study by the LSHTM has concluded. The novel coronavirus recorded over 2.3 million cases and claimed more than 71,000 lives in the UK. Earlier this month, the United Kingdom became the first country in the world to roll out the vaccine made by Pfizer and BioNTech to arrest the spread.

Union minister Nitin Gadkari said that the MSME Ministry is contemplating fresh plans and laws to find a solution of the receivables issue as outstanding dues are creating working capital problems. Bharat Chamber of Commerce President, Ramesh Kr Saraogi suggested that an external agency be appointed to monitor the outstanding dues with the government and public sector companies.