BUSINESS
GST Council meet on May 28 may consider duty cuts on essential medical supplies
The meeting coming in the backdrop of fresh and a more deadly Covid wave sweeping the country, is expected to announce a few Covid relief measures particularly in relation to duty relief on essential Coronavirus supplies and other compliance matters.
Reliance Jio moves NCLT against Reliance Infratel COC
According to sources, Reliance Jio, through Reliance Project and Property Management Services Ltd, has filed an application in the NCLT Mumbai against the CoC of Reliance Infratel Ltd (RITL). The RITL CoC is led by the State Bank of India (SBI). Reliance Jio, through the Reliance Project and Property Management Services, was the successful resolution applicant for RITL.
Bill Gates’ alleged affair with female employee: Microsoft CEO Satya Nadella breaks silence, here's what he said
“I feel that we have created an environment that allows us to really drive the everyday improvement in our diversity and inclusion culture, which I think is a super important thing and that’s what I’m focused on,” he told BBC. “The most important thing is for us to make sure that everybody’s comfortable in being able to raise any issues they see and for us to be able to fully investigate it,” he added.
Sensex ends above 51,000, IT stocks up
Healthy buying was witnessed in IT stocks. However, selloff in the metal stocks capped the gains. Sensex closed at 51,017.52, higher by 379.99 points, or 0.75 per cent, from its previous close of 50,637.53. It had opened at 50,899.58 and touched an intra-day high of 51,072.61 and a low of 50,620.45 points.
ICICI Bank links UPI ID facility to its 'Pockets' digital wallet
New users, including those who are not customers of ICICI Bank, can now instantly get a UPI ID, which is automatically linked to 'Pockets'. Further, customers who already have a UPI ID, will get a new ID when they log on to the 'Pockets' app.
India's ageing office spaces present huge investment opportunity: JLL
Out of the existing 642 million square feet of Grade-A office space in the top seven real estate markets in India, the top three -- Mumbai, Delhi-NCR and Bengaluru -- comprise nearly 64 per cent of the total stock, as per the reported titled 'Unlocking Value in Real Estate'. Around 28 per cent of these buildings are more than a decade old and do not have the latest facilities that newer buildings offer.
Y Combinator-backed Betterhalf.ai raises $3M to boost engagement
Y Combinator is an American seed money startup accelerator. Betterhalf.ai was a participant in the Y Combinator W21 batch and the funding saw the participation of venture capital firms including S2 Capital, Quiet Capital and angel investors like Kunal Shah and Samvit Ramadurgam.
Credit Suisse cuts metals, underweight on IT
"We book profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market is near a 10-year high. It can go higher and stay elevated in a super-cycle, but we believe the current surge in apparent demand is due to an extreme inventory cycle and not a structural increase.
Covid 2.0 interrupted auto sales momentum: Ind-Ra
Accordingly, many original equipment manufacturers (OEMs) have advanced maintenance shutdowns to April and May on account of dampening consumer sentiments, closure of automotive dealerships, as well as supply-side constraints. The domestic automobile industry's sales volume (excluding CVs) declined 30 per cent month-on-month in April 2021
L&T offers financial, insurance support to Covid affected employees
The company has gone all out in offering its employees an additional insurance cover exclusive for COVID-19. This Optional Insurance Cover is a communicable disease cover for Covid-19 with an insured sum of Rs 35 lakh per employee for a policy period of 12 months.
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