BUSINESS
GST Council Issues Clarification on Popcorn Taxation
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the present taxation regime of popcorn.
Karnataka Civic Body Issues Notice to Virat Kohli's Pub Over Fire Safety Violations
The restaurant is operating on the sixth floor of Ratnam's Complex at upscale M. G. Road near the Chinnaswamy International Cricket Stadium without a no objection certificate from the Fire Department.
SIP Net Inflows Surge by 233% in India, Mutual Fund Industry Records 135% Growth
The overall net inflows during the period of January to November stood at Rs 9.14 lakh crore as compared to Rs. 2.74 lakh crore in 2023 which amounts to a growth of 233 per cent, the report by ICRA Analytics has noted.
SC Rules DND Flyway Tax-Free, Criticizes NOIDA Authority, UP, and Delhi Governments
The top court dismissed an appeal of Noida Toll Bridge Company Ltd (NTBCL), a private firm running the Delhi-Noida-Direct (DND) flyway, against the 2016 decision of the Allahabad High Court order asking it to stop collecting toll from commuters.
Bihar Secures Record Rs 1.81 Lakh Cr Investment, Led by Adani and Sun Petchem
Announcing the investment proposals received at the end of the two-day Bihar Business Connect 2024 investor summit, Industries & Tourism Minister Nitish Mishra said several memorandum of understanding (MoUs) entailing investment of over Rs 1.8 lakh crore have been signed.
Starbucks Workers' Union Strikes in US Cities Amid Stalled Negotiations
This is the latest in a string of labor actions that have stepped up in pace across service sectors, after a period when employees working in the automotive, aerospace and rail industries' manufacturing outfits garnered considerable concessions from management.
Trump Warns EU of Tariffs on Oil and Gas Imports
The EU is already the biggest market for U.S. oil and gas exports, at least according to government data.
Indian Stock Market Declines Over 1.4% Amid Global Selloff
At closing, Sensex settled at 78,041.59 down by 1,176.46 points, or 1.49 per cent, and Nifty ended at 23,587.50 down by 364.20 points, or 1.52 per cent.
PLI Scheme Attracts Rs 1.46 Lakh Crore Investment, Boosts FDI Inflows by 26%
While the PLI scheme saw Rs 12.5 lakh crore in production, Rs 4 lakh crore in exports and generating 9.5 lakh jobs, over 1,300 manufacturing units were established across 14 sectors and 27 states/UTs under the scheme this year.
India's Energy Storage Capacity Set for 12-Fold Growth by 2032: SBI Report
The country's energy storage landscape is rapidly changing, with the share of renewable energy (RE) projects integrating storage solutions registering a steep rise from 5 per cent in FY20 to 23 per cent in FY24, according to the report.
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