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World’s best restaurant Noma reports first loss since 2017

Noma is currently ranked No. 1 by the World’s 50 Best Restaurants list after having won the top prize a total of five times. It also has three Michelin stars.
Entrance of the former location of Noma in Strandgade, Copnehagen (FILE Photo)
Entrance of the former location of Noma in Strandgade, Copnehagen (FILE Photo)
Published on Jun 29, 2022 03:59 PM IST
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Bloomberg |

Sensex closes 150 points in red at 53,02, Nifty falls marginally to 15,800

IndusInd Bank, Hindustan Unilever, Axis Bank, Bajaj Finserv, Wipro, HCL Technologies, Titan, Kotak Mahindra Bank and Bajaj Finance were the major laggards among Sensex shares.
BSE Sensex. (File Photo)
BSE Sensex. (File Photo)
Published on Jun 29, 2022 03:38 PM IST
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PTI |

After son Akash, Mukesh Ambani’s daughter Isha to be retail unit chair

Isha Ambani’s promotion follows that of her twin brother, Akash Ambani, who was appointed on Tuesday as chairman of the telecom unit, Reliance Jio Infocomm Ltd. Isha and Akash have both been part of teams that negotiated Meta Platforms Inc.’s investment in the group.
Reliance Industries’s chairman Mukesh Ambani's son and daughter Akash Ambani and Isha Ambani.(ANI Photo)
Reliance Industries’s chairman Mukesh Ambani's son and daughter Akash Ambani and Isha Ambani.(ANI Photo)
Updated on Jun 30, 2022 06:57 AM IST
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Bloomberg |

India’s AI market likely to see 20% growth over next five years: Report

Data quality, scale infrastructure and sensitivity or risks have been found to be the major barriers for enterprises for large-scale AI adoption in India
Representational image. (iStock Photo)
Representational image. (iStock Photo)
Updated on Jun 29, 2022 10:57 AM IST
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Market opening bell: Sensex trades at 52,650; Nifty at 15,693

Market opening bell: Sensex falls over 500 points, trades at 52,650; Nifty at 15,693
sensex (Reuters File)
sensex (Reuters File)
Updated on Jun 29, 2022 10:18 AM IST
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PTI |

Pre-packed curd, paneer, makhana, wheat to attract 5% GST: See complete list

Cheque books issued by banks will now attract an 18 per cent GST. Hotel stay is also going to be costlier as a 12 per cent tax on hotel rooms below 1,000 per day will be levied
Packaged wheat will now come under GST. 
Packaged wheat will now come under GST. 
Published on Jun 29, 2022 08:49 AM IST
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By | Written by Poulomi Ghosh

Party's over: Airbnb bans events permanently

  • The rental platform has gradually tightened its policies on parties after complaints and some high-profile trouble, including a 2019 shooting that killed five in California.
Airbnb argued the tighter rules have been effective in reducing the rate of rowdiness complaints it has received.(Reuters file photo)
Airbnb argued the tighter rules have been effective in reducing the rate of rowdiness complaints it has received.(Reuters file photo)
Published on Jun 29, 2022 05:01 AM IST
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AFP |

Extend compensation period or raise GST mop-up share: States

  • States are concerned about their finances as the five-year protection against any revenue shortfall will end after June 30. Opposition-ruled states such as Delhi, Punjab, and Kerala are more vocal about it, the people said, requesting anonymity.
The 47th meeting of the GST Council will end today. (ANI)
The 47th meeting of the GST Council will end today. (ANI)
Updated on Jun 29, 2022 03:23 AM IST
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ByRajeev Jayaswal

Ambani’s son to lead Reliance Telecom unit in succession signal

  • The company said it had appointed non-executive director and Mukesh's son Akash Ambani as the chairman of the board.
Mukesh Ambani.(MINT_PRINT)
Mukesh Ambani.(MINT_PRINT)
Updated on Jun 28, 2022 10:45 PM IST
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Bloomberg |

Mukesh Ambani steps down as director of Reliance Jio, son Akash takes over

Mukesh Ambani will remain chairman of Jio Platforms Ltd., the flagship company that owns all Jio digital services brands including Reliance Jio Infocomm.
Reliance Industries chairman Mukesh Ambani.(MINT_PRINT)
Reliance Industries chairman Mukesh Ambani.(MINT_PRINT)
Updated on Jun 28, 2022 07:52 PM IST
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Sensex finishes day marginally higher at 53,177, Nifty ends at 15,850

In the Sensex pack, Mahindra & Mahindra, Reliance Industries, Dr Reddy's Laboratories, Tech Mahindra, Tata Steel and Larsen & Toubro were among the gainers.
BSE Sensex (File Photo)
BSE Sensex (File Photo)
Published on Jun 28, 2022 03:41 PM IST
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PTI |

Income Tax Return | Salary slip needed for filing ITR: What is in it?

  • ITR filing: Salaried employees who pay rent can claim HRA exemption to reduce their taxable salary - wholly or partially. You can claim HRA exemption by submitting proof of rent receipts to your employer or while filing your income tax return.
To help you understand these components better, here is a breakdown of what each component in the salary slip means and what is its significance.(Getty Images/iStockphoto)
To help you understand these components better, here is a breakdown of what each component in the salary slip means and what is its significance.(Getty Images/iStockphoto)
Published on Jun 28, 2022 03:31 PM IST
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Written by Ishika Yadav | Edited by Chandrashekar Srinivasan

Zomato sheds nearly $1 billion in valuation over 2 days after Blinkit deal

  • The Ant Group-backed food delivery firm said on Friday it would acquire Blinkit for 44.47 billion rupees ($568.16 million) in stock, as it tries to gain a foothold in the fiercely competitive quick delivery market.
The company's shares fell as much as 14% since the announcement of the offer, shedding nearly 76.78 billion rupees in market capitalization.(file)
The company's shares fell as much as 14% since the announcement of the offer, shedding nearly 76.78 billion rupees in market capitalization.(file)
Published on Jun 28, 2022 02:45 PM IST
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Reuters | , Bengaluru

Pallonji Mistry, head of Shapoorji Pallonji Group, dies at 93

Mistry and his family control the Shapoorji Pallonji Group, which started more than 150 years ago and today employs more than 50,000 people in over 50 countries, according to its website.
Reclusive billionaire Pallonji Mistry accumulated a net worth of almost $29 billion, according to the Bloomberg Billionaires Index.(Bloomberg Photo)
Reclusive billionaire Pallonji Mistry accumulated a net worth of almost $29 billion, according to the Bloomberg Billionaires Index.(Bloomberg Photo)
Published on Jun 28, 2022 12:33 PM IST
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Bloomberg |

GST Council's 47th meeting, first of the year, begins in Chandigarh

A slew of key decision are likely to be taken at the 2-day conference, which will conclude on Wednesday.
FM Nirmala Sitharaman chairing GST Council's 47th meeting. (twitter.com/@PIBChandigarh)
FM Nirmala Sitharaman chairing GST Council's 47th meeting. (twitter.com/@PIBChandigarh)
Published on Jun 28, 2022 12:20 PM IST
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By, New Delhi

India rupee hits record low on higher global crude prices

Oil prices rose about 1% in early Asian trade after the United Arab Emirates' energy minister said the nation was producing near its maximum capacity.
India rupee hits record low on higher global crude prices(PTI)
India rupee hits record low on higher global crude prices(PTI)
Published on Jun 28, 2022 10:50 AM IST
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Reuters |

Microsoft releases new features for Edge: 'Best browser for gamers'| Lowdown

Clarity Boost is said to be an "exclusive feature to Microsoft Edge that enhances console games with Xbox Cloud Gaming".
Microsoft releases new features for Edge: 'Best browser for gamers'(REUTERS/ FILE)
Microsoft releases new features for Edge: 'Best browser for gamers'(REUTERS/ FILE)
Updated on Jun 28, 2022 11:15 AM IST
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Written by Manjiri Sachin Chitre | Edited by Swati Bhasin

GST Council meet: States' compensation, tax tweaks on cards | 5 points

The GST Council, headed by Union finance minister Nirmala Sitharaman and comprising representatives of all states and UTs, is meeting after a gap of six months.
Union finance minister Nirmala Sitharaman chairs a GST Council meeting.(PTI / File Photo)
Union finance minister Nirmala Sitharaman chairs a GST Council meeting.(PTI / File Photo)
Published on Jun 28, 2022 10:05 AM IST
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Markets trade weak after 3-day gain; Sensex falls over 317 points in early trade

Market opening bell: Sensex falls over 200 points, trades at 52,938; Nifty at 15,778
Sensex Nifty(Reuters File)
Sensex Nifty(Reuters File)
Updated on Jun 28, 2022 10:42 AM IST
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Sony's next big thing in tech is helping Honda take on Tesla

As Yoshida wrapped up his 30-minute presentation, the lights on stage dimmed and a glowing grille emerged from the shadows.
Sony's next big thing in tech is helping Honda take on Tesla(Bloomberg)
Sony's next big thing in tech is helping Honda take on Tesla(Bloomberg)
Published on Jun 28, 2022 07:44 AM IST
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Bloomberg |

Record $82 billion dealmaking spree sees India defy global slump: Report

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.
Record $82 billion dealmaking spree sees India defy global slump: Report(Bloomberg)
Record $82 billion dealmaking spree sees India defy global slump: Report(Bloomberg)
Published on Jun 28, 2022 06:11 AM IST
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Bloomberg |

Reuters, Dow Jones move to unseal ZTE case records

ZTE, one of the world's top telecommunications equipment makers, pleaded guilty in 2017 to conspiring to violate U.S. export laws by illegally shipping U.S. goods to Iran.
A woman stands outside a building of ZTE Beijing research and development center in Beijing, China.(REUTERS)
A woman stands outside a building of ZTE Beijing research and development center in Beijing, China.(REUTERS)
Published on Jun 28, 2022 04:16 AM IST
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Reuters |

Bitcoin miners sell their holdings amid crypto winter's chill

The number of coins miners are sending to crypto exchanges has been steadily climbing since June 7, researchers at MacroHive noted, in a sign that "miners have been increasingly liquidating their coins on exchanges."
Given their significant bitcoin holdings, some analysts point to miner sales as another factor weighing on bitcoin prices.(REUTERS)
Given their significant bitcoin holdings, some analysts point to miner sales as another factor weighing on bitcoin prices.(REUTERS)
Updated on Jun 28, 2022 04:37 AM IST
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Reuters |

No change likely in GST on mass consumption goods

  • The people added that the council could decide to remove certain tax exemptions, reduce compliance burden, establish an institutional mechanism for dispute resolution, and impose higher duties on online gaming.
Experts said the council may avoid any major rate hike that would have an adverse impact on the economy. (MINT)
Experts said the council may avoid any major rate hike that would have an adverse impact on the economy. (MINT)
Published on Jun 28, 2022 03:40 AM IST
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ByRajeev Jayaswal

The iRobot Roomba J7+ vacuum cleaner has better vision than its peers

The reason Roomba J7+ has superior navigation tech is the inclusion of a camera at the front along with an LED spotlight, which gives further data for the artificially intelligent hazard detection to work with
The iRobot Roomba J7+ vacuum cleaner. (HT Photo)
The iRobot Roomba J7+ vacuum cleaner. (HT Photo)
Published on Jun 27, 2022 03:50 PM IST
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Gig economy in India to employ 23.5 million by 2030, says NITI Aayog report

Over 20% of the 7.7 million jobs in India’s gig economy are classified as high-skilled jobs and 31% as low-skilled jobs. The remaining 47% are classified as medium-skilled jobs
FThe NITI Aayog report estimates the size of the India’s gig economy will increase to 23.5 million workers by 2029-30 (REUTERS File Photo)
FThe NITI Aayog report estimates the size of the India’s gig economy will increase to 23.5 million workers by 2029-30 (REUTERS File Photo)
Published on Jun 27, 2022 03:45 PM IST
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Indices close high for 3rd straight day, Sensex rises over 400 pts

Sensex closed at 53,161.28 points, up 433.30 points or 0.82 per cent, whereas nifty closed at 15,832.05 points, up 132.80 points or 0.85 per cent.
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on Jun 27, 2022 03:37 PM IST
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ANI |

UK Investigates Wise CEO Kristo Kaarmann After Tax Breach

Kaarrmann is listed 198th in the Sunday Times Rich List 2022 with the net worth of £865 million
Taavet Hinrikus (left), Sir Richard Branson (middle) and Kristo Kaarmann in 2014. Photo by Wise.
Taavet Hinrikus (left), Sir Richard Branson (middle) and Kristo Kaarmann in 2014. Photo by Wise.
Published on Jun 27, 2022 12:31 PM IST
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Agencies |

Vet your investment choices. Avoid FOMO based decisions!

The effects of social media-induced FOMO can get amplified if you have friends and acquaintances who seem to be riding on the same wave. Their financial success stories may foster a misplaced sense of confidence and you may end up following erroneous investment advice because of the belief that if they have been able to reap benefits, so can you. 
A bull run in an asset class that starts getting attention on social media can be the perfect recipe for fueling a FOMO based investor movement.
A bull run in an asset class that starts getting attention on social media can be the perfect recipe for fueling a FOMO based investor movement.
Updated on Jun 27, 2022 11:02 AM IST
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ByHT Brand Studio
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