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Zecpe, which was acquired by fintech startup Cashfree in February, is looking to double down on newer solutions for direct-to-consumer (D2C) brands, such as order tracking and order management tools, bringing it in closer competition with the likes of Instamojo. In line with this, the company has also rebranded itself as Ecom360. In an interaction with ET, Ecom360 founder and general manager Hriday Agarwal said that the focus for the company is to bring an “entire suite of services and multiple tools” to address different pain points of D2C brands, especially across ecommerce enablement.

₹87,295 crore to banks and financial institutions, according to the Union Finance Ministry. Fugitive Mehul Choksi's Gitanjali Gems is the biggest wilful defaulter owing ₹8,738 crore to banks, followed by Era Infra Engineering Limited owing ₹5,750 crore, REI Agro Limited ₹5,148 crore, ABG Shipyard Limited ₹4,774 crore, and Concast Steel and Power Limited ₹3,911 crore. Other wilful defaults are Rotomac Global Private Limited ₹2,894 crore, Winsome Diamonds and Jewellery Limited ₹2,846 crore, Frost International Limited ₹2,518 crore, Shri Lakshmi Cotsyn Limited ₹2,180 crore, and Zoom Developers Private Limited ₹2,066 crore.

Metro Brands dropped 5% in early trading but later rebounded by over 5% to reach Rs 1,097 during Wednesday's intraday trade on BSE following the release of June quarter results. The company reported a consolidated profit for the June quarter at Rs 93.5 crore, down by 11.6% from Rs 105.78 crore in the same quarter last year, impacted by the weak operating margin. The total revenue of the company stood at Rs 582.52 crore, rising 14.6% from Rs 507.95 crore in the year-ago quarter.

ITRs filed for AY 2023–24 totaled more than 6.77 crore as of July 31, 2023, which is 16.1% more than ITRs for AY 2022–23 (5.83 crore) as of the same date. Up until July 31, 2023, the Department also received 53.67 lakh ITRs from first-time filers, a reasonable indication of the expansion of the tax base. According to the PIB release, “The filing of ITRs peaked on 31st July, 2023 (due date for salaried taxpayers and other non-tax audit cases) with over 64.33 lakh ITRs being filed on a single day i.e. on 31st July, 2023.” Once you file your tax returns, you can find out its status as to whether the Income Tax Department has accepted and processed your ITR. In specific situations where any differences are found, you might need to respond to the ITD's notice.

Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing to drive user growth, sending its shares up about 11% in extended trading. The company is benefiting from the launch of more flexible subscription plans. Its cheapest plans for smaller durations have drawn inflation-hit consumers, who are looking to cut discretionary spending.

Maruti Suzuki: Maruti Suzuki India reported single-digit sales growth in July with the sports utility segment continuing to drive overall demand in the market. Maruti Suzuki on Tuesday said its total domestic passenger vehicle sales stood at 1,52,126 units last month as compared to 1,42,850 units in the year-ago month, a growth of 6 per cent. Utility vehicles, consisting of Brezza, Ertiga, Fronx, Grand Vitara, Jimny and XL6, clocked sales of 62,049 units last month, a two-fold jump as against 23,272 units dispatched in the year-ago period.

An Israeli tech industry monitor says investment in Israeli start-ups has plummeted in the first half of 2023

Greek authorities are planning tougher penalties for arson with fines to be increased to 10 times the current level

A minor coal train derailment in Virginia in early July prompted Norfolk Southern to rethink the way it responds to problems with overheating bearings

GANDHINAGAR : The Gujarat government is pitching the state as the sole destination for semiconductor manufacturing and allied investments in India, with officials having discussed with over 100 companies across the gamut of manufacturers and suppliers. “At least half-a-dozen players are in advanced discussions, including wafer fabs, display fabs, OSAT (outsourced semiconductor assembly and test) players and suppliers," a senior state government official said, asking not to be named.

skilling plan ended, the government is yet to roll out the fourth phase of Pradhan Mantri Kaushal Vikas Yojana. The draft of the scheme is awaiting nod from the Prime Minister's Office (PMO). The PMKVY3.0 officially ended in March 2022 but due to Covid-led delays, training under the scheme carried on for a few months into 2022-23.

Recently, Prime Minister Narendra Modi said that India will be among the top three economies in the world during his third term, presuming the Bharatiya Janata Party wins next year’s Lok Sabha elections. “On the basis of [our] track record, in the third term of our government, India will become the world’s third-largest economy. This is Modi’s guarantee," the Prime Minister said while speaking at an event in New Delhi.

India's third lunar mission Chandrayaan-3 is normal — hours after it completed its orbits around the Earth and moved closer to the Moon. Earlier today, a key manoeuvre to slingshot the Chandrayaan spacecraft towards the Moon from Earth's orbit was carried out successfully. The move put the spacecraft in a translunar orbit in which it enters the Moon's sphere of influence.

Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in part due to tornado damage to a key manufacturing facility. Profits in the second quarter were $2.3 billion, down 77% as revenues fell 54% to $12.7 billion. Quarterly revenues for Pfizer's Covid-19 vaccine and Paxlovid therapeutic were $1.6 billion, far below the $16.9 billion in the year-ago period.

Some businesses are holding off on signing up for a long-awaited new data agreement between the U.S. and the European Union, waiting to see whether the benefits outweigh the risks. After three years of negotiations, the EU gave final approval in July to a new deal that allows companies to store data about Europeans on U.S.

Hubble Space Telescope has observed an explosion of energetic outbursts at a nearby red dwarf star that is situated about 32 light years from the sun. The red dwarf star is called AU Microscopii. The slight dip in the brightness of the star reveals that a gaseous system is orbiting the star. With this, the question surfaces- what is Hubble Space Telescope and why is it so important?

When I was at Merrill, all through 2007 I was asked: “Where is this recession you’ve been calling for, Rosenberg?”

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By Kannaki Deka

Zomato, recently shared a peep into his fitness journey in an Instagram post. In his post on Monday, the Zomato CEO showcased the difference in his health through a before and after picture from 2019 and 2023. In the caption of the picture Goyal said a few months before the Covid pandemic in 2019, he started treating his health as an equal priority to his work.

HDFC AMC has announced the launch of the HDFC Transportation and Logistics Fund which plans to invest in companies that are at the forefront of the Transportation and Logistics sector.