Moneycontrol Selects: Top stories this evening

Here is a compilation of the evening's most important stories. Explore essential details from each article and follow the provided links for a more comprehensive understanding of each story.

Maharashtra labour department issues notice to TCS over 'unfair' transfer practices
The Labour Department of Maharashtra Government has issued a notice to information technology (IT) giant Tata Consultancy Services (TCS) over its transfer practices. The move comes after Pune-based union Nascent Information Technology Employees Senate (NITES) had filed a formal complaint with the Ministry of Labour and Employment against TCS for its “unethical transfer practices". Read more here

GST collections rise 10% YoY in December to Rs 1.65 lakh crore

The government's Goods and Services Tax (GST) collections climbed 10 percent year-on-year in the last month of 2023 to Rs 1.65 lakh crore, the Ministry of Finance said on January 1. At Rs 1.65 lakh crore, the December GST collections is 2 percent lower than the Rs 1.68 lakh crore collected in November. This is the tenth month in a row that the monthly GST collection has come in above the Rs 1.5-lakh-crore mark. Read here

Yield on short-term debt instruments rises 15-20 bps in December on tight liquidity
The yield on the short-term debt instruments such as commercial papers and certificates of deposit rose around 15-20 basis points (bps) in December on tight liquidity conditions in the banking system. Read here

Wadia Group asserts no impact on finances from Go First bankruptcy
The Nusli Wadia-led Wadia Group has asserted that the bankruptcy of its budget airline Go First in May last year will not hinder its capacity to raise funds for other businesses within the group in the future. A spokesperson for the group responded to a query from Moneycontrol, saying, "The credit ratings of all Wadia Group companies are robust." Read here