Google may invest into Airtel
New Delhi: Bharti Airtel might soon get an investment from Google which could run into several thousands of crores, as per media reports. Both the companies are already in advanced stage of discussions and negotiations since last year, media reports said. These reports suggest the investment from Google into Airtel can be quite large in amount. It remains to be seen what are the underlying dynamics because the Jio and Google partnership might have come with a restriction for the latter to invest in any of its rival companies, including Airtel or Vodafone Idea. Google had invested Rs 34,000 crore into Jio Platforms. Bharti Airtel is already looking to raise capital so that it can invest it on its 4G networks around the country to increase capacity. Jefferies believe that since there’s no urgent need of raising cash, the telco is likely assuming that it will need a larger capacity network to hold all the Vodafone Idea (Vi) customers that come its way, Telecom Talk reported.
Income Tax Dept conducts searches in Maha, Goa
New Delhi: The Income Tax Department has carried out a search and seizure operation on a group based in Maharashtra and Goa. The operation was carried out on August 25. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation, the finance ministry said in a statement not divulging the name of the group.The department said that during the course of the search and seizure operation, many incriminating documents, loose papers and digital evidence were seized. Evidence detected during the search revealed that the group was engaged in fraudulent practice of booking bogus purchases of scrap and sponge iron from various ‘fake invoice issuers’.
Round-the-clock efficacy against Covid
New Delhi: Covid-19 pandemic has added hand sanitiser in the list of most common household goods. However, one has to apply it multiple times for effectiveness. Keeping this in mind, Swanrose launched Just Human hand sanitizer with 24-hour efficacy. “After many years - I have found my purpose – It combines my interests in science and technology with my desire to make a difference in people’s lives,” said Roshini Sanah Jaiswal, CEO of Swanrose.