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Top headlines: Rs 950 cr tax evasion by Swiggy, Flipkart; 83 Tejas for IAF

Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department Over Rs 950-crore tax evasion by food delivery start-up Swiggy and Instakart (a group firm of Flipkart) has been detected following last week’s survey operations in Bengaluru. According to the initial findings of the Income Tax Department, third party vendors were also involved in the concealment of taxable income. ‘’The survey operations on the companies resulted in impounding of incriminating documents evidencing tax evasion issues including non-deduction from tax deducted at source (TDS) on commission income and cancellation charges by Swiggy and their restaurants. Hospitals get ready for Covid shots ahead of vaccination drive on Jan 16

Top headlines: 5 6 mn vaccine doses shipped; Nifty achieves new milestone

Covid-19 vaccine journey takes off; 5.6 mn doses were shipped to 13 cities Three temperature-controlled trucks filled with Covid-19 vaccine vials pulled out of Serum Institute’s production plant in Pune at 5 a.m on Tuesday, marking the start of a mega immunization drive in the country. The jabs will be administered beginning January 16. The trucks that headed to the Pune Airport were specially designed containers equipped with sensors monitoring location, temperature, light exposure and unusual jolting. The first flight to ship out the vaccine to Delhi was a SpiceJet Boeing-737 carrying 22 boxes. Each box weighing 32 kg contained around 12,000 doses of Covishield vaccines and gel packs- a portable plastic bag filled with refrigerant gel. A GoAir flight to Chennai followed shortly.

Top headlines: Sensex closes in on 50,000; 1st batch of Covishield released

Sensex closes in on 50,000 milestone, Nifty ends at 14,484; IT stocks gain Stocks on Monday cheered the scheduled roll-out of Covid-19 vaccines in the country by the end of this week and the strong start to the quarterly earnings season. The benchmark Sensex crossed the 49,000 mark for the first time, and is now within striking distance of the 50,000 milestone. The Sensex rose 487 points, or 1 per cent, to end the session at 49,269, while the Nifty closed at 14,484, a gain of 137 points, or 0.9 per cent. IT stocks were the top gainers and contributed the most towards the Sensex s gains. Govt inks pact, first consignment of Covid-19 vaccines to fly today

Top headlines: GDP may contract 7 7%; Airlines ready for vaccine journey

Read more about Top headlines: GDP may contract 7.7%; Airlines ready for vaccine journey on Business Standard. From GDP on its way to likely contract by 7.7 per cent in FY21 to Airlines get ready for Covid-19 vaccine journey ahead of inoculation drive, here are top headlines of this morning

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