Business
GST Council removes tax exemptions on some items
States clamour for more revenue share
Business tycoon Pallonji Mistry dies at 93
Mistry is the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate
Flipkart to help Telangana farmers and SHGs to gain market access
Signs deal with SERP to train farmers and SHGs to boost their income
GEF India likely to invest Rs 500 crore to ramp up edible oil business
Investments to add 1,000 metric tonnes capacity per day to the company
Minimum 10-15% increase in airfares must: SpiceJet CMD
In his statement on Thursday, Ajay Singh said that the ATF prices have increased by more than 120 per cent since June 2021
Autos
Suzuki to invest Rs 10,445 cr in electric vehicles
A memorandum of understanding (MoU) on this was signed on March 19 at the India-Japan Economic Forum held in New Delhi
Passenger vehicle sales down 4%: Siam
The two-wheeler sales also fell 21 per cent to 11,84,210 units compared with 14,96,806 vehicles in March 2021
Ola Electric recalls 1,441 e-scooters after incidents of vehicles catching fire
Recently, there have been widespread incidents of electric scooters catching fire forcing manufacturers to recall their vehicles
High taxes hampering growth of luxury car segment in India: Audi
Luxury car volumes account for less than 2 per cent of the overall passenger vehicle sales annually
Audi’s new A4 comes at Rs 40L
Audi followed this launch with eight more launches to script a strong growth in terms of sales
Companies
Twitter CEO set to receive $42 million if sacked after Musk deal
Musk in a securities filing on April 14 had said he did not have confidence in Twitter’s management
Jewellery chain Joyalukkas files papers for Rs 2,300-cr IPO
The jeweller wants to raise Rs 2,300 crore through the issue of fully fresh shares
Consumer body issues notice to Ola, Uber
As per the data from National Consumer Helpline for April, 2,482 grievances were registered by consumers against Ola and 770 against Uber
SAP India mobile service to help small biz in Hyderabad
Transformation Express is combined with interactive product demos, a virtual reality exhibition, and informative sessions
Vistara gradually restoring certain services to pre-Covid levels
The airline also plans to improve its inflight entertainment offerings across its domestic and international network
Economy
India registers 5.4 per cent economic growth in Q3
The loss of momentum in GDP growth in the third quarter was mainly due to the waning of the favourable base effect
5 per cent GST rate may give way for 3%, 8% slabs
Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of ₹50,000 Cr annually
India GDP grew 8.7 per cent in FY22
Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21
India's fuel sales hit 3-year high in March
Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since FY20
Indian GDP grew 8.7% in FY22
Growth in the January-March period was slower than in the previous October-December quarter of 2021-22 at 5.4 per cent
Market
Sensex tanks over 2,700 pts amid global meltdown as Russia invades Ukraine
This was its biggest decline since March 23, 2020, and the fourth-worst fall ever in absolute terms
Sensex tumbles 1,214 points; banking, auto stocks worst hit
The stocks have tumbled for the third straight day on negative cues from the global equities amid the ongoing Russia-Ukraine conflict
Stocks recover after steep fall on more Fed rate hike signals
Stocks globally fell on Thursday after the Federal Reserve stuck to plans for an interest rate increase in March
Crypto exchanges halt deposits through UPI
Cryptocurrency owners active on twitter asked for regulatory clarity on the issue
Sensex crashes over 1,500 pts in opening deals on geopolitical worries
The 30-share Sensex nosedived 1,540.85 points to 56,612.07 in early deals
In Other News
Adani vows to invest Rs.10K crore in Bengal over next 10 years
The Adani Group investment in Bengal will expand in world-class infrastructure, a state-of-the-art data centre and undersea cable
India has world's fastest growing start-up eco-system: Modi
The PM underlined that the country is investing heavily in skilling and training young Indians for the needs of the 21st century
RBI to keep track of all payment touch points
The RBI said that capturing the accurate location of existing payment system touch points is essential to upscaling
Soon, no OTP for e-mandates upto Rs 15000 for recurring transactions
RBI triples limit for e-mandate
Telangana Stamp Duty & Registration Charges Collection Grows Fastest In FY22
Maharashtra led the table with the highest collection at Rs 35,593.7 crore, up 40 per cent