Services Financial News

The Indian government has detected goods and services tax (GST)evasion of 1.51 trillion rupees ($17.99 billion) in 2023/24, and recovered tax worth 185.4 billion rupees up to October, according to data shared by the finance ministry on Tuesday.The highest tax evasion of 844 billion rupees was detected in the industrial state of Maharashtra, Minister of State for Finance Pankaj Chaudhary told lawmakers.

(Reuters) -CVS Health on Tuesday forecast 2024 revenue above Wall Street estimates as the company expects to benefit from its expansion into healthcare services and strength in its insurance business.

India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.

By Shaloo Shrivastava

The S&P Global India Services Purchasing Managers' Index fell to 56.9 in November from October's 58.4. A Reuters poll pegged a dip to 58.

BEIJING (Reuters) — China's services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions.

The well-known fiat-crypto payment gateway Alchemy Pay hasreached a noteworthy milestone when it obtained a Money Services License in the US state of Iowa. This achievement, which was declared on November 23, 2023, comes after they were successful in getting an Arkansas money transmitter license earlier. Obtaining these licenses is a significant milestone in Alchemy Pay's ambitions to increase its market presence internationally as well as evidence of its regulatory compliance.

Reboot said the current decline suggests that 'almost no progress' has been made in the last three years.

Car care services startup Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said. Park+ founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024. The Epiq Capital backed company has raised $55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.

special bus services by BMTC will be in place along with reduced prices for metro tickets. Special Bus services: Bangalore Metropolitan Transport Corporation (BMTC) on Saturday announced special bus services that will be running on December 3 for the India-Australia match in Bengaluru. BMTC announced buses that fans should take to the following routes for hassle-free travel.

Apple (NASDAQ:AAPL) and Paramount Global (PARA) are reportedly in early discussions to bundle their streaming services at a discounted rate, the WSJ reported today.

Bikaner rail yard, officials said. The passenger train derailed in Lalgarh yard of Bikaner division late on Thursday night, said Captain Shashi Kiran, Chief Public Relations Officer of North Western Railway.

JDMEHF was started by Mr. Ajit Singh Jassar in 1997 with an aim to create a world-class infrastructure for medical education and provide affordable, accessible and quality healthcare in Western UP.JDMEHF currently runs the following institutions and offers the courses listed below:- 1. DJ College of Dental Sciences and Research: BDS, MDS, Diploma Dental Hygienist, Diploma Dental Mechanics 2.

₹133.55, 4.61% lower than the issue price and 3.15% lower than the listing price. Fedbank Financial Services IPO had opened for subscription from Wednesday, November 22, and closed on Friday, November 24. Fedbank Financial Services IPO price band had been fixed in the range of ₹133 to ₹140 per equity share of face value of ₹10.

SoFi Technologies (SOFI) will shut down its crypto services by Dec. 19. Existing accounts will have the choice to migrate to Blockchain.com platform or be closed and liquidated at that time, with a few caveats.

United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.

BSE for Thursday, November 30. Since, the companies off late have been switching to T+3 norms the allotment and listing date are being preponed. If you applied for the shares, here's how Fedbank Financial Services IPO allotment status can be checked.

Amazon Seller Services, the marketplace arm of Amazon India, has recorded a 33% increase in its net loss for the year ended March 2023 to Rs 4,854 crore from Rs 3,649 crore in the previous fiscal. The company’s expenses jumped by almost 8% to Rs 27,283 crore while revenue from operations grew only 3.42% to Rs 22,198 crore, its regulatory filing showed.

₹58,088 crore, of which civil-services-exam coaching contributes ₹3,000 crore, according to the CCPA report. Delhi is considered the hub for civil-services-exam coaching. In the letter, which Mint has also seen, the CCPA suggested that DoPT enforce the Central Civil Services (Conduct) Rules, 1964 for all candidates who continue to feature in ads for coaching classes and as their brand ambassadors for the whole year.

Cyber Monday to relieve stress on their wallets, according to Adobe Analytics. Shoppers are slated to spend between $12 billion and $12.4 billion online on Monday, with $782 million of purchases made with BNPL services, including Klarna and Affirm, representing a surge of nearly 19% from last year, the data company said.

Vistara flight from Guwahati to Delhi (GAU-DEL) was diverted to Jaipur (JAI) due to bad weather and air traffic congestion at Delhi airport on Monday, reported ANI. As per airport sources, some Delhi-bound flights have been diverted due to bad weather in Delhi-NCR. IndiGo also released a «travel advisory» and stated that heavy rainfall had impacted flight operations in Delhi. "#6ETravelAdvisory: Flight operations to/from Delhi are impacted due to heavy rain," IndiGo posted on social media platform X. Spicejet also took to X and posted a similar advisory saying, «We are facing ATC congestion at Delhi (DEL) due to bad weather. All departures/arrivals and their consequential flights might get affected.» Earlier today, a Vistara flight from Kolkata to Delhi was directed to Lucknow due to Air Traffic congestion at Delhi airport. Flight number UK778 has been directed to Lucknow and is expected to arrive in Lucknow at 1845 hours. «UK778 from Kolkata to Delhi (CCU-DEL) has been diverted to Lucknow (LKO) due to Air Traffic congestion at Delhi airport and is expected to arrive in Lucknow at 1845 hours.