[

Business

]
PAGE 3

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
Copy Link
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
Copy Link
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
Copy Link
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
Copy Link
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
Copy Link
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
Copy Link

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
Copy Link

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
Copy Link
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
Copy Link
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
Copy Link
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
Copy Link
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
Copy Link

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
Copy Link

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
Copy Link
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
Copy Link
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
Copy Link
ByHT Brand Studio

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

Currently, services of casinos, horse racing and online gaming attract 18 per cent GST. The GoM would decide on the method of valuing the services.
In casinos, GoM recommended that the tax would be levied on the full face value of the chips/coins purchased from the casino by a player.(Representative image)
In casinos, GoM recommended that the tax would be levied on the full face value of the chips/coins purchased from the casino by a player.(Representative image)
Published on Jun 27, 2022 10:58 AM IST
Copy Link
PTI | , New Delhi

Market opening bell: Sensex opens in green, trades at 53,347; Nifty at 15,876

Market opening bell: Sensex opens in green, trades at 53,347; Nifty trades at 15,876
Market opening bell: Sensex opens in green, trades at 53,347; Nifty at 15,876(REUTERS)
Market opening bell: Sensex opens in green, trades at 53,347; Nifty at 15,876(REUTERS)
Published on Jun 27, 2022 09:22 AM IST
Copy Link

Ether recovery helps crypto retake $1 trillion market cap level

Ether reached its highest level in 10 days on Sunday as the market showed some signs of stabilization.
Ether recovery helps crypto retake $1 trillion market cap level(REUTERS)
Ether recovery helps crypto retake $1 trillion market cap level(REUTERS)
Published on Jun 27, 2022 08:03 AM IST
Copy Link
Bloomberg |

Dentsu Creative bags ‘Agency of Year’ title at Cannes Lions 

  • Cannes Lions International Festival is a global event that recognises exceptional work in the field of creative communications, advertising, and related domains.
Twitter.com/twitter.com/dentsuint
Twitter.com/twitter.com/dentsuint
Published on Jun 26, 2022 06:21 AM IST
Copy Link

Change in take-home salary, 4-day work week: What to expect from July 1

  • According to reports, only 23 states and Union territories have published the draft rules under the Code on Wages.
Representative image
Representative image
Published on Jun 25, 2022 10:08 PM IST
Copy Link
By, New Delhi

Banks in India will remain closed for 14 days in July. Details here

The Reserve Bank of India (RBI) places bank holidays under three categories - holidays under the Negotiable Instruments Act, under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and banks’ closing of accounts.
Some of the bank holidays during this month will differ from state to state.(Reuters file photo)
Some of the bank holidays during this month will differ from state to state.(Reuters file photo)
Published on Jun 25, 2022 11:53 AM IST
Copy Link
Written by Harshit Sabarwal | Edited by Chandrashekar Srinivasan, New Delhi

Zomato to acquire grocery delivery platform Blinkit for 4,447 Cr | 5 points

  • Blinkit was one of the more than 40 unicorns - or startups valued at more than $1 billion, created in India last year.
Zomato has previously invested in Blinkit in August last year. (file)
Zomato has previously invested in Blinkit in August last year. (file)
Published on Jun 25, 2022 08:30 AM IST
Copy Link

Paytm offers ‘work from home’ option in these roles, CEO Vijay Sharma tweets

Supporting this new work model introduced amid the Covid-19 pandemic, Shekar announced that his digital payments platform will allow employees in tech, business and product roles to work from home or any location of their preference
Paytm founder and CEO Vijay Shekhar Sharma.(Hindustan Times)
Paytm founder and CEO Vijay Shekhar Sharma.(Hindustan Times)
Published on Jun 24, 2022 08:30 PM IST
Copy Link
Written by Kanishka Singharia | Edited by Poulomi Ghosh

Data security central to information security, says report

The research report titled ‘Using Compliance Budget to Advance Security Priorities’ examines the impact of compliance budget on the data security strategy and priorities. In this report, the survey polled more than 200 tech leaders from medium to large size organisations across North America.
Baffle's research report mentions the sectors for which the organisations put information security a priority.
Baffle's research report mentions the sectors for which the organisations put information security a priority.
Published on Jun 24, 2022 06:47 PM IST
Copy Link

Rupee settles at all-time low of 78.33 against US dollar

Reserve Bank Deputy Governor Michael D Patra on Friday said the Central Bank will not allow "jerky movements" of the rupee and stressed that the Indian currency has witnessed the least depreciation in recent times.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 104.17.(REUTERS)
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 104.17.(REUTERS)
Published on Jun 24, 2022 04:24 PM IST
Copy Link
PTI |

Sensex leaps over 450 points to close day at 52,728; Nifty ends at 15,699

  • From the Sensex pack, M&M was the biggest gainer spurting 4.28 per cent. IndusInd Bank rose by 2.59 per cent, Bajaj Finance by 2.58 per cent, Hindustan Unilever by 2.3 per cent, ICICI Bank by 2 per cent, and Bharti Airtel by 1.72 per cent.
The broader markets outperformed and ended higher in the range of 1.4 per cent to 1.6 per cent. Barring IT, all the other sectoral indices ended in the green.(Reuters File)
The broader markets outperformed and ended higher in the range of 1.4 per cent to 1.6 per cent. Barring IT, all the other sectoral indices ended in the green.(Reuters File)
Updated on Jun 24, 2022 08:16 PM IST
Copy Link
PTI |

Income Tax Return filing | Last date, details on new forms & complete checklist

  • The income tax department has notified new ITR forms - Form 1 to Form 6 - which seek details of income from overseas retirement benefit accounts.
Representative image
Representative image
Published on Jun 24, 2022 02:16 PM IST
Copy Link

46% of urban Indians say cost of living spiked compared to last 12 mths: Survey

Over 1,000 respondents were polled online between June 7 and June 10, YouGov said, adding, "With inflation at its highest level in the past eight years, petrol prices spiralling and wholesale price inflation at a 30-year high, cost of living in India has gone up in the recent past."
Forty-six per cent of urban Indians surveyed said their cost of living went up 'a lot' compared to the last 12 months.(HT file photo. Representative image)
Forty-six per cent of urban Indians surveyed said their cost of living went up 'a lot' compared to the last 12 months.(HT file photo. Representative image)
Published on Jun 24, 2022 11:43 AM IST
Copy Link
Written by Harshit Sabarwal | Edited by Chandrashekar Srinivasan, New Delhi
SHARE
  • 1
  • 2
  • 3
  • ...
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, July 06, 2022