Corporates

28% GST Likely On Casinos, Online Gaming, Race Course

28% GST Likely On Casinos, Online Gaming, Race Course

Press Trust of India | Monday June 27, 2022, New Delhi

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said.

States' Ranking On Ease Of Doing Business Likely On June 30

States' Ranking On Ease Of Doing Business Likely On June 30

Press Trust of India | Sunday June 26, 2022, New Delhi

The commerce and industry ministry is expected to release on Thursday the ranking of states and Union Territories (UTs) in terms of ease of doing business, according to an official.

Zomato To Hike Stake In Blinkit

Zomato To Hike Stake In Blinkit

Reuters | Friday June 24, 2022, BENGALURU

Zomato Ltd said on Friday it will buy additional stake in local grocery-delivery startup Blinkit for $568.16 million

No Purchase Of Coal From Russia After April 20, Says Tata Steel

No Purchase Of Coal From Russia After April 20, Says Tata Steel

Press Trust of India | Friday June 24, 2022, New Delhi

Tata Steel: Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on Wednesday.

Monthly GST Payment Form: Council Likely To Consider Changes In GSTR-3B

Monthly GST Payment Form: Council Likely To Consider Changes In GSTR-3B

Press Trust of India | Friday June 24, 2022, New Delhi

The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form -- GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said.

Toyota, Suzuki To Produce First Hybrid Vehicle For Indian Market

Toyota, Suzuki To Produce First Hybrid Vehicle For Indian Market

Reuters | Friday June 24, 2022, NEW DELHI

Toyota Motor Corp and Suzuki Motor Corp said on Friday they will begin production in August of their first hybrid vehicle in India

Gautam Adani Pledges Rs 60,000 Crore For Social Causes

Gautam Adani Pledges Rs 60,000 Crore For Social Causes

Reported by Sakshi Bajaj, Edited by Animesh Singh | Thursday June 23, 2022

Gautam Adani, Asia's richest person and his family on Thursday pledged to donate Rs 60,000 crore to a range of social causes

ITC Staff Count With Over Rs 1 Crore Salary Jumps To 220

ITC Staff Count With Over Rs 1 Crore Salary Jumps To 220

Press Trust of India | Wednesday June 22, 2022, New Delhi

The total number of ITC employees drawing a salary aggregating Rs 8.5 lakh per month or over a crore rupees per year was 220 against 153 in 2020-21

Disclosure Lapses Case: SEBI Sends Rs 5 Lakh Notice To Future Enterprises

Disclosure Lapses Case: SEBI Sends Rs 5 Lakh Notice To Future Enterprises

Press Trust of India | Wednesday June 22, 2022, New Delhi

Capital markets regulator SEBI on Wednesday sent a notice to Future Enterprises asking it to pay over Rs 5 lakh in a matter pertaining to disclosure lapses about initiation of arbitration proceedings against Future Group by Amazon.

CredAvenue Is Now Yubi, Eyes Global Expansion

CredAvenue Is Now Yubi, Eyes Global Expansion

Edited by Animesh Singh | Wednesday June 22, 2022

CredAvenue, a leading debt marketplace, has rebranded itself as Yubi, a move which is aimed at international expansion

Biocon Biologics Denies Bribery Charge, Says Followed Regulations

Biocon Biologics Denies Bribery Charge, Says Followed Regulations

Press Trust of India | Tuesday June 21, 2022, New Delhi

Biocon Biologics has denied allegations of bribery against the company and its officials regarding approval for one of its products in India

Tesla Sued For Job Cuts By Former Employees

Tesla Sued For Job Cuts By Former Employees

Reuters | Tuesday June 21, 2022

Former Tesla employees have filed a lawsuit against the USelectric car company alleging its decision to carry out "mass layoff" violated federal law

"Let's Relax A Little..." Says Aviation Official On Staff Shortage Troubles

"Let's Relax A Little..." Says Aviation Official On Staff Shortage Troubles

Reuters | Tuesday June 21, 2022, DOHA

Some airlines may have to adjust capacity plans to cope with staff shortages, IATA chief Willie Walsh said

Tesla Outlines Job Cuts Plan On US Recession Risks

Tesla Outlines Job Cuts Plan On US Recession Risks

Reuters | Tuesday June 21, 2022

Elon Musk, CEO of Tesla, said a 10 per cent cut in salaried staff at the electric car maker will happen over three months

Except For Tatas, No One Can Make Air India Work, Says Emirates President

Except For Tatas, No One Can Make Air India Work, Says Emirates President

Press Trust of India | Tuesday June 21, 2022, Doha

If the Tata Group cannot make Air India work, no one else in the country will be able to do so, Emirates President Tim Clark has said