GST rate rationalisation: The group of ministers has postponed restructuring tax slabs, but has continued to review rates for items in the 12% and 18% brackets. They are considering sectors like health insurance, restaurants, and some food products. Final decisions on specific goods and services are anticipated by the end of September.
Malayalam actor and chief of the Association of Malayalam Movie Artists (A.M.M.A.), Mohanlal, tendered his resignation on Tuesday, according to a report by Manorama. This resignation has led to the dissolution of the actor-led body.
Union Minister of Road Transport and Highways, Nitin Gadkari on Tuesday announced that commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit.
Pranav Haldea from Prime Database Group stated that exits worth Rs 4.27 lakh crore this year mark a maturing capital market. Such exits allow for new capital deployment. Over Rs 16,000 crore was raised in August, hinting at strong ongoing market momentum with numerous companies filing for IPOs in 2024.
Omar Abdullah, National Conference vice president, reversed his decision and will run for the Jammu and Kashmir assembly from Ganderbal, where he previously served from 2009 to 2014. His decision came after considering the possible negative impact on voters and party members if he chose not to contest. The party announced 32 candidates on Tuesday.
The 'Nabanna Abhijan' rally, organized by Paschimbanga Chhatra Samaj and Sangrami Joutha Mancha, called for the resignation of Chief Minister Banerjee over a rape-murder case. Despite police deeming it illegal, the protest proceeded with heavy security deployment and significant traffic diversions in Kolkata.
Neil, from Lancashire, UK, experienced incredible luck by winning the People's Postcode Lottery twice in three weeks. He and his partner Hayley won £30,000 and later encouraged 18 neighbors to join, collectively winning £540,000 through a simple trick. This shared success brought the community closer and created excitement among residents.
Some startups incubated by T9L and/or its co-founders Fahad Moti Khan and Gaurav Gaggar include Docquity, SpotDraft, Adda52, NirogStreet, UOLO, PumPumPum. etc.,
Details of the decline were disclosed in the recently released 'Annual Report on Registration of Births and Deaths in Delhi-2023' by the Directorate of Economics and Statistics. Despite the decline in the sex ratio, the birth rate in Delhi improved from 14.24 per thousand in 2022 to 14.66 in 2023. The death rate also saw a slight increase from 6.07 to 6.16 during the same period.
Culver Max is seeking $90 million in termination fees from Zee Entertainment after Sony called off their merger earlier this year due to unresolved disagreements. The merger, signed in 2021, had received all necessary regulatory approvals.
ZEE Entertainment Enterprises Ltd. (ZEE), Culver Max Entertainment Pvt. Ltd. (CMEPL) operating as Sony Pictures Networks India (SPNI), and Bangla Entertainment Pvt. Ltd. (BEPL) have reached a comprehensive non-cash settlement to resolve all disputes related to their Merger Co-operation Agreement and Composite Scheme of Arrangement.
Fresh clashes erupted between police and protestors on GT Road in Howrah Maidan area on Tuesday afternoon during a protest march towards the state secretariat, known as the 'Nabanna Abhijaan.' The police responded with lathi charges, water cannons, and tear gas to disperse the crowd, who retaliated by throwing stones and bricks and attempting to topple the barricades.
The UP government selected GDA as the nodal agency for the orbital rail project connecting with the rapid rail near Duhai. This 270km project, with 90km in UP, aims to enhance passenger and freight movement across NCR cities. The feasibility report is due in six months, following stakeholder discussions in May.
Funding constraints and over-heating of credit in some geographies have also dented the growth momentum, microfinance industry association Sa-Dhan said, citing data from credit information company Crif High Mark.
Zee Sony Merger News: Zee Entertainment and Sony’s Culver Max Entertainment reached a settlement, resolving disputes and terminating their $10 billion merger. The companies agreed to withdraw claims in Singapore and forgo termination fees and damages. Zee’s shares increased by 8% post-announcement. Originally approved in August, the merger would have created a leading media company.
NAREDCO appealed to the Ministry of Housing and Urban Affairs for rescheduling builders' land dues in Haryana and Uttar Pradesh. They requested a zero-period during COVID-19 years and extensions for project completions. The committee identified stalled projects and stressed units, emphasizing the need for relief to boost economic activity and housing delivery.
Kalpataru Projects International Ltd has been served a tax notice by Afghanistan's government for missing declarations for the years 2020-21 and 2021-22. The notice demands AFN 8,952,704 in taxes and fines. Additionally, the company received a GST tax demand in India amounting to Rs 10.50 lakh along with penalties.
Mayawati was unanimously re-elected as the national president of the BSP on Tuesday. The decision was made during a special meeting of the BSP Central Executive Committee (CEC), including senior national-level office bearers and state party units, as well as representatives from across the country.
On Tuesday, Farooq Abdullah, former Chief Minister of Jammu and Kashmir, expressed confidence that the Congress-National Conference (NC) alliance will succeed in the upcoming assembly elections. Abdullah stated that their manifesto, which includes a commitment to resuming talks with Pakistan if elected, outlines their plans.
The Indian warship INS Mumbai docked at Colombo at the same time as three Chinese warships, underscoring the intense strategic competition between India and China in the Indian Ocean Region. This growing Chinese naval presence poses significant challenges for India, with upcoming Sri Lankan Presidential elections potentially impacting regional dynamics.
On Tuesday, the Supreme Court of India requested the Gujarat government's response to former IPS officer Sanjiv Bhatt's appeal against his life imprisonment conviction in a 1990 custodial death case. Bhatt challenged the Gujarat High Court's January 9, 2024, decision that upheld his conviction for murder, along with co-accused Pravinsinh Zala, and dismissed the state's attempt to increase the sentences of five other convicted but acquitted individuals.
In the report, we did mention that which companies have announced expansion plans. So, within that 100-gigawatt hour of capacity expansion that you have outlined, there are many companies which have stated targets of setting up battery cell manufacturing capacity. It could be likes of Ola Electric, looking at expansion.
A recent study by researchers from the University Hospital Bonn and the Hebrew University of Jerusalem revealed that low doses of cannabis can reverse brain ageing and improve cognitive abilities in mice. THC, the active ingredient, enhances mTOR activity in the brain, potentially leading to new anti-ageing treatments for humans.
Both Hyundai and LG view India as a crucial growth market. Hyundai expects the listing of equity shares in India "will enhance our visibility and brand image," and "provide liquidity and a public market" for the shares. LG aims to tap into the booming stock market to help achieve its target of $75 billion in electronics revenue by 2030.
Ahead of the issue opening, the company's shares are trading at a premium of Rs 150 in the unlisted market, reflecting a 45% markup on the issue price. The IPO, consisting entirely of an offer for sale (OFS) of 1.8 crore shares, is priced between Rs 318 and Rs 334 per share.
