Follow The Times of India - Business, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/timesofindiadiatimes7 Wed, 29 Jun 2022 05:06:28 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3QJng1uFNoC-T5HJgy6HUf Akash's father, Mukesh Ambani, aged 65, stepped down from the board of the telecom behemoth, passing on the baton to the family's next generation. This is the first instance of one of Mukesh and wife Nita Ambani's three children - Akash, Isha (twins) and Anant (27 years) - assuming a leadership role in a key company of the group.]]> Wed, 29 Jun 2022 02:02:07 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3QJng1uFNoC-T5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3QJng1uFNoCyejEQ2Mq9rY The GST Council on Tuesday accepted the recommendations of a panel of ministers to do away with exemptions on several goods and services, including some unbranded packed food items, which was resulting in widespread duty evasion. Hotel rooms below Rs 1,000 a night as well as non-ICU hospital beds above a threshold may be included under the ambit of GST that was implemented five years ago.]]> Wed, 29 Jun 2022 00:09:23 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3QJng1uFNoCyejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0g536HZpENDl1cWWor9YPv The government is likely to deregulate domestic crude on Wednesday in a bid to remove a market anomaly, boost government’s tax revenue and help producers such as ONGC and Oil India Ltd get better realisation for crude produced by them, sources said.]]> Tue, 28 Jun 2022 20:00:27 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0g536HZpENDl1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV365RCzjU3PNezdsCmHakzH ]]> Tue, 28 Jun 2022 19:36:59 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV365RCzjU3PNezdsCmHakzH https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2TT4tn4ULFHqCY3L745TL_ The income tax department on Tuesday said both buyer and seller will have to withhold taxes for transactions involving an exchange of one virtual asset for another.]]> Tue, 28 Jun 2022 19:16:22 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2TT4tn4ULFHqCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1-andTVSS9o-zdsCmHakzH Pre-packed and labelled food items like meat, fish, curd, paneer and honey will now attract GST, a tax that will also be levied on the fee that banks charge for the issue of cheques.]]> Tue, 28 Jun 2022 19:12:12 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1-andTVSS9o-zdsCmHakzH https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0UuAsP6vTd7CejEQ2Mq9rY The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said.]]> Tue, 28 Jun 2022 15:51:10 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0UuAsP6vTd7CejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2ZAQirMtUEO6CY3L745TL_ Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire.]]> Tue, 28 Jun 2022 13:28:17 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2ZAQirMtUEO6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1wE1movH_NP11cWWor9YPv Tata Motors on Tuesday said it will increase the prices of its commercial vehicles, in the range of 1.5 to 2.5 per cent, from July 1 to partially offset rising input costs. The hike will be across the range of commercial vehicles and the quantum will depend on individual model and variant, Tata Motors said in a regulatory filing.]]> Tue, 28 Jun 2022 12:57:39 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1wE1movH_NP11cWWor9YPv https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1E2fyBaBa-sMb1naedg1wr Shares of Zomato fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local grocery delivery startup Blinkit. The Ant Group-backed food delivery firm said on Friday it would acquire Blinkit for Rs 4,447 crore ($568.16 million) in stock, as it tries to gain a foothold in the fiercely competitive quick delivery market.]]> Tue, 28 Jun 2022 12:06:58 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1E2fyBaBa-sMb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV08I5-2oIQFjuT5HJgy6HUf Maruti Chairman RC Bhargava has said that the country’s largest carmaker will launch new models and SUVs to perk up its market share and ride on the demand for passenger vehicles.]]> Tue, 28 Jun 2022 09:15:58 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV08I5-2oIQFjuT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV08I5-2oIQFjiejEQ2Mq9rY Pallonji Mistry, the Indian-born billionaire whose engineering empire built luxury hotels, stadiums, palaces and factories across Asia and whose family’s epic showdown with the Tata Group sparked India’s biggest corporate feud, has passed away in Mumbai. He was 93.]]> Tue, 28 Jun 2022 09:08:22 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV08I5-2oIQFjiejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0wL-UKkSKauaCY3L745TL_ ]]> Tue, 28 Jun 2022 08:10:12 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0wL-UKkSKauaCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3m7VfTMjyAQqCY3L745TL_ ]]> Tue, 28 Jun 2022 07:34:14 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3m7VfTMjyAQqCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2NLINwH4hHyeT5HJgy6HUf ]]> Tue, 28 Jun 2022 06:48:39 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2NLINwH4hHyeT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1RMCBArDZiIJs0ohxaO6Yr The rupee depreciated 22 paise to a record low of 78.59 against the US dollar in opening trade on Tuesday as persistent foreign funds outflows weighed on investor sentiments.]]> Tue, 28 Jun 2022 06:41:03 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1RMCBArDZiIJs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0t5SZovs692SlmFkX7M1Jw India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg. That’s more than twice as much than the previous record of $38.1 billion in the third quarter of 2019.]]> Tue, 28 Jun 2022 06:25:21 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0t5SZovs692SlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0t5SZovs692ZVjH6qdYdAk Pallonji Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the officials said.]]> Tue, 28 Jun 2022 06:22:32 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0t5SZovs692ZVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3DyvTynXW16Xn9ye8UNv30 Mahindra Scorpio got a contemporary makeover, with the homegrown auto major launching 'Scorpio-N', the new-gen version of the model that first hit the roads in June 2002. Scorpio changed fortunes of the then-fledgling automotive business of Mahindra & Mahindra.]]> Tue, 28 Jun 2022 05:11:43 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3DyvTynXW16Xn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3alAf04NzuXV1cWWor9YPv Income inequality in the country stayed at the same level during the pandemic and India has done quite well in terms of navigating income shocks across deciles of population, a State Bank of India (SBI) report has shown.]]> Tue, 28 Jun 2022 05:04:05 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3alAf04NzuXV1cWWor9YPv