BUSINESS
12th instalment of Rs 6,000 crore released to states to meet GST compensation shortfall
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council.
Shinco TV launches Alexa-enabled TV starting at Rs 11,999
The range has been launched in two models -- SO32SF 32-inch (80cm) HD Ready and SO43AS 43-inch (109cm) -- that will be available on Amazon at Rs 11,999 and Rs 19,999, respectively, during the Amazon Republic Day Sale.
Share Market: Sensex tanks 1,000 points in 2 straight sessions
On Monday, the Nifty50 on the National Stock Exchange (NSE) closed at 14,281.30, lower by 152.40 points or 1.06 per cent from its previous close of 14,433.70 points. Sensex closed at 48,564.27, lower by 470.40 points or 0.96 per cent from its previous close of 49,034.67 points.
Uber, Lenskart to offer reading glasses worth Rs 1 crore to drivers
Uber and Lenskart are sharing the costs for offering free eye-tests, and subsidised vision correction and reading glasses worth Rs 1 crore to driver-partners across pan-India starting with Delhi NCR, for reducing potential accidents that can be caused by faulty vision.
Bharti Airtel plans to use perpetual bonds to raise $1 billion
The telecom major presented the plan to half a dozen MNC banks to target the offshore institutional investors amid excess global liquidity and softening bond yield. Despite its "perpetual" nature, Airtel would have the right to call the bonds - repay lenders - after five years since issue.
Un-fried Fryums' not 'Papad', hence taxable at 18%: Authority for Advance Rulings
In its order rejecting a petition seeking to bring irregular sized packaged snack food as referred to as un-fried fryums at par with Papad for applicability of GST, AAR said that in matter of the product under reference where no clear definition had been provided in the statute, the principle of common parlance is used.
Google providing $53 bn in benefits to businesses in Australia
The Google's '2020 Economic Impact Report' said that 1.3 million businesses receive $39 billion in benefits through increased revenues, millions of connections with customers and greater efficiencies, saving time and money. The company said Search saves users almost 5 days a year and drivers save 5.6 hours per year using Google Maps.
Sugar production up 31% to 142.70 lakh tonne
As per the industry body, 487 sugar mills in operation across the country as on January 15, 2021 have produced 142.70 lakh tonne of sugar, as compared to 108.94 lakh tonne produced by 440 sugar mills as on January 15, 2020. This is higher by 33.76 lakh tonnes or 30.98 per cent from last season's production for the corresponding period.
BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank
The company raised Rs 90 crore in debt from Alteria Capital and Rs 49 crore from ICICI Bank. The company has raised a total of Rs 199 crore in debt to date. The company is disbursing loans of Rs 200 crore per month to merchant partners currently and has set a target of disbursing Rs 1,000 crore of loans in the FY21.
HDFC Bank shares hit record high on robust Q3 earnings
Its shares on the BSE touched an all-time high of Rs 1,503 per share. The bank's stock price, however, is off highs now, and around 12.20 p.m., the scrip was trading Rs 1,483.40, higher by Rs 17.05 or 1.16 per cent from its previous close. On Saturday, the lending major reported an 18.1 per cent increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis.
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