Business
India's GST Collections Soar, Cross Rs 2-Lakh Crore Mark
The government said that the gross GST mop-up stood at Rs 2.1 lakh crore, representing a growth of 12.4 percent on year-on-year basis
Amul fresh milk to debut in US, target NRIs, Asians
This is the first time the Gujarat Cooperative Milk Marketing Federation (GCMMF) will export fresh milk outside India
No cuts in Interim Budget allocations: Nirmala
The FM also said that prices of essentials have come down due to steps taken by the government to contain inflation
RBI Bars Paytm Bank from Offering Banking Services After February 29
Paytm customers can continue to utilise balances from their accounts, including savings and current without restriction
Union Cabinet approves subsidies for fertilisers
Govt approved implementation of 'PM-Surya Ghar: Mufti Bijli Yojna' rooftop solar scheme, allocating over Rs 75,000 cr for its execution
Economy
RBI to issue Digital Rupee in FY23: Sitharaman
Digital currency will also lead to a more efficient and cheaper currency management system
Sitharaman takes tablet in red pouch to Parliament to present paperless Budget
She posed for the traditional 'briefcase' picture outside her office along with her team of officials before heading to meet the President
IMF Sees India Adding 16% to Global Growth
India's economy has rebounded strongly from the pandemic to become an important driver of global growth
India Inc. wants I-T cuts, focus on job creation, tax slabs
CII asks the government to lower income tax rates to help revive consumption demand
Retail inflation contained at 6.2% despite biggest contraction in economy: Sitharaman
The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy
Market
Inflation falls for 3rd month
There has been a marginal slowdown in output in almost all the segments, including manufacturing
Fuel price hike: Mumbai becomes first metro city to see diesel price cross Rs 100
The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai
Shares of PSU banks gain
The Nifty PSU Bank Index gained 3.08 per cent on Tuesday
RBL Bank slumps 20 pc on leadership changes
The sudden action from the central bank raises fears about asset quality and the overall health of the bank
India emerges fourth largest stock market
Edges Hong Kong with $4.4 tn market capitalisation
Companies
Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India
The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon
Eastern India gets a private jet club - Yaqoot Air Charter
The private jets will provide air strips in exotic locations that are usually not covered by regular airlines
India’s anti-money laundering agency summons Amazon
We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said
Sebi approves LIC draft papers; clears decks for mega IPO
The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC
LIC net buys Rs 34,000 cr stocks in Q1
The public sector behemoth booked Rs 5,076 crore equity profit during April-June against Rs 11,368 crore a year ago
Autos
Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes off
No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology
Ashok Leyland resumes production across India
The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities
India's car sales plunge amid lockdown
Government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers to suspend manufacturing
BMW records first loss since 2009 as pandemic hits sales
The company reported an operating loss of 666 million euros, compared with an operating profit of 2.1 billion euros in 2019
Bajaj Auto focuses on exports as India battles COVID-19 pandemic
Between January and June, it exported 6,64,000 motorcycles while selling 5,89,000 in India, company data showed
In Other News
Mukesh Ambani buys Dubai's costliest home ever for his son
The beach-side mansion sits in the northern part of Palm Jumeirah and has 10 bedrooms, a private spa, and indoor and outdoor pools
Largest UK delegation expected at Bengal Global Business Summit
The UK, in collaboration with the Bengal Chamber of Commerce and Industry, will facilitate business-to-business meetings during the summit
Coal is going to be back again as gas becoming unaffordable: FM Sitharaman
Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after Ukraine invasion
Sabyasachi withdraws Mangalsutra campaign advertisement amid controversy
The withdrawal also came hours after MP Minister Narottam Mishra issued an ultimatum to Sabyasachi Mukherjee to withdraw the advertisement
Common charger for all electronic devices: Govt to meet industry stakeholders
The sector-specific associations, industry bodies CII and FICCI and representatives from IIT Delhi and IIT BHU will be part of the meeting