BUSINESS
US FDA calls aspartame safe, disagrees with WHO on potential cancer risk
On Friday, the WHO’s International Agency for Research on Cancer (IARC) labelled aspartame as “possibly carcinogenic to humans”. Soon after, the global health body’s Joint Food and Agriculture Organisation/WHO Expert Committee on Food Additives (JECFA), said there was no reason to change guidance.
Startups in India will increase 10x in next 4-5 years: MoS IT
In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, IT Rajeev Chandrasekhar highlighted India's remarkable progress in building unicorns and startups
Govt urges taxpayers to file returns as July 31 deadline won't be extended
Finance Ministry sources have indicated that taxpayers should file their returns as soon as possible as unlike last year, there is no likelihood of the July 31 deadline getting extended.
Tomatoes to be sold at Rs 80 per kg from today across country, says govt
Ministry of Consumer Affairs, Food and Public Distribution in a statement said that due to its intervention by selling the vegetable at a concessional rate of Rs 90 per kg at several locations in the country, there has been a slide in its prices.
Net worth dropped for two consecutive quarters under Rare team after Rakesh Jhunjhunwala’s passing
The provisional net worth for Q1FY24 stands at Rs 38,885.3 crore, up 21.6 per cent since the previous quarter, but shareholding filings for the quarter are still pending, Trendlyne reported. Despite a few additions to the portfolio, including a small-cap and a mid-cap company, Rare Enterprises has largely maintained the sector preferences established by Rakesh Jhunjhunwala.
Thanks PM Modi for inviting entrepreneurs like us to France: boAt's Aman Gupta
In a tweet, Gupta said that "no force can stop India as our time has come". "I used to see second and third-generation entrepreneurs at state visits as an official delegation with the Prime Minister but now new-age entrepreneurs like myself are also being invited on such visits," he said.
Adani Group commissions India’s first transnational power project
After the meeting, Gautam Adani said in a tweet: “Honoured to have met Bangladesh PM Sheikh Hasina on full load commencement and handover of the 1600 MW Ultra Super-Critical Godda Power Plant. I salute the dedicated teams from India and Bangladesh who braved COVID to commission the plant in a record time of three-and-a-half years.”
‘Magnificent 7’ stocks make up close to $ 11 trillion in market capitalisation, half of US GDP
These top seven stocks, Amazon, Apple, Alphabet, Meta Platforms, Microsoft, Nvidia and Tesla, are called as the ‘Magnificent Seven’. The Top 7 stocks drove 73 per cent of S&P 500 gains in 1H, each up 90 per cent on average in 1H. These have a market capitalisation of roughly equivalent to half of US GDP.
India-UAE sign MOU to promote local currencies in cross-border trade
In the morning H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, received Narendra Modi, Prime Minister of India, in Abu Dhabi, at the start of his official visit to the UAE. His Highness welcomed the Prime Minister of India and his accompanying delegation.
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments
On Tuesday, the GST Council announced to impose a 28 per cent tax on online gaming at the full-face value, shocking the industry and leaving them in significant distress. Currently, the industry is paying 18 per cent GST on GGR/ Platform Fee.
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