CATEGORIES

GST Council nod for gaming tax law changes on 2 Aug

GST Council, the federal indirect tax body, will meet virtually on 2 August to clear changes in the goods and services tax (GST) law needed to implement the decision taken earlier this month regarding the levy of 28% tax on the full value of online gaming bets, a person familiar with the development said.

NCLT allows Go First to use leased aircraft

The National Company Law Tribunal (NCLT) has granted relief to bankrupt Go First, allowing the grounded airline to utilize leased aircraft as it prepares to resume operations.

LS okays forest bill amid Manipur row

Parliament sees disruption over Manipur violence

Mahindra eyes 9.9% stake in RBL Bank

Move surprises investors who termed the transaction \"bold\"

Bazball, poor selection revive world's biggest Test rivalry

The ongoing Ashes series, with its fair share of controversy, has been a celebration of Test cricket at its finest

Elon Musk's X looks too far off the mark as a 'super app' shot

Rejigged Twitter could lose value without getting anywhere close

Oppenheimer's project should inspire climate action urgency

We're in a similar race against time but this emergency differs s as a challenge since both governments and markets must act

Help savers: Let interest rates turn more flexible

For over 60 million subscribers of the Employees’ Provident Fund Organisation (EPFO), the finance ministry’s nod this week to the body’s proposed interest payout at an 8.15% rate for 2022-23 must have come as a relief.

How can I build a corpus of ₹2 cr within the next 7 years?

Out of your current investments, you can continue to hold ₹5 lakh in fixed deposits as contingency fund to ensure that no emergency derails your investments.

Sebi seeks changes in order on Goenka

Securities and Exchange Board of India (Sebi) on Tuesday filed an application to modify a 10 July order of the Securities Appellate Tribunal (SAT) against Zee Entertainment Enterprises chief executive Punit Goenka.

AirAsia seeks early merger with AI Express

AirAsia India has sought approvals from Directorate General of Civil Aviation (DGCA) to expedite its integration with Air India Express, including a rebranding from AirAsia India to AI Express, three people familiar with the matter said.

DGCA lifts enhanced SpiceJet surveillance after nearly a year

In a respite for SpiceJet, the Directorate General of Civil Aviation (DGCA) has removed the budget airline from enhanced surveillance.

Bajaj Auto Q1 profit up 42% to ₹1,665 cr

Two-wheeler maker Bajaj Auto reported a 42% rise in its net profit to ₹1,665 crore in the June quarter, primarily driven by motorcycle sales in the domestic market, which managed to offset the impact of challenging conditions in the export markets.

Chubb eyes 49% in Kotak insurance arm

US insurer Chubb is in talks to acquire a 49% stake in Kotak General Insurance and has become a more favoured suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said.

JLR drives Tata Motors to ₹3,203 cr profit in Q1

Revenue from operations surges 42% from a year earlier to ₹1.02 trillion

Peak XV, Prosus flag Byju's lapses for exit

Peak XV Partners (formerly Sequoia Capital India) informed its limited partners (LPs) on Monday that it has resigned from the board of Byju’s due to its inability to influence the management of the edtech firm to improve compliance and governance norms, a person briefed on the letter sent by Peak XV said. The issue also figured in a statement issued by another investor Prosus on Tuesday.

Tata Cap, Trifecta, Xponentia lead Auxilo fundraise

Education-focused nonbanking finance company Auxilo Finserve Pvt. Ltd said on Tuesday it has raised ₹470 crore (about $57 million) as primary equity capital in its recent funding round.

Agriculture ministry in talks to take over tomato, onion, potato scheme

The Union agriculture ministry is in talks with the food processing industries ministry to take over a scheme aimed for the integrated development of the tomato, onion and potato (TOP) value chain, a government official aware of the matter said.

One in three PM-JAY hospitals inactive since scheme's launch

Over a third of hospitals empanelled under Ayushman Bharat are inactive, official data showed, in a worrying trend for the world’s largest health insurance scheme aiming for universal health coverage.

GPS-based tolling plan faces privacy concerns, delays

The government’s plan to implement a GPS-based tolling system on highways to ensure smooth payments and vehicle movement on national highways has triggered privacy concerns, delaying its launch.

The problem with X? Meta, Microsoft, others own trademarks

Billionaire Elon Musk's decision to rebrand Twitter as X could be complicated legally: Companies including Meta Platforms Inc. and Microsoft Corp. have intellectual property rights to the same letter.

India-Australia trade gap narrows by 15% with FTA

The India-Australia interim free trade agreement (FTA), in place for six months, has led to a 15% narrowing of India’s trade deficit with Australia on increased exports of drugs, electrical machinery, and iron and steel articles, along with a significant decline in coal imports due to a milder Indian summer.

Wipro Enterprises seeks to buy out shareholders reluctant to sell

Azim Premji’s Wipro Enterprises Ltd has offered to buy the remaining 1.55% of shares from 150 shareholders of the $10 billion privately held company at ₹1,654 a share, eight years after a similar attempt ran into opposition from longstanding investors.

'India strongest part of our steel portfolio'

T.V. Narendran, who will start his new term as Tata Steel Ltd’s chief executive and managing director, highlighted the challenges the company faces in Europe, even as he emphasized that the Indian operations remain “structurally the strongest part\" of the steelmaker’s portfolio.

L&T announces first ₹10,000 cr buyback

Firm to buy shares at 17% premium to the stock's current price

Do you need supplements for better gains?

Experts share advice on how different supplements work on our bodies

The role of genes in our covid vulnerability could be of help

Better vaccines can spring from research on variations in illness

Advancing technologies are not giving all children a better future

Prioritize equitable and affordable e access to the internet for digital inclusion and equal opportunities for India's have-nots

Achieve road efficiency at minimal privacy risk

Satellite tracking of highway movement will enable road pricing that could eventually help optimize traffic flows. So a good shield for personal data should be a road-safety priority

How can I keep my expenses under control?

Keeping track of expenditures is the first step in financial planning. It’s good that you are thinking about it and that should help you move in the right direction.