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Union Finance Minister Nirmala Sitharaman with MoS Anurag Thakur addressing a news conference over meeting of GST Council to discuss tax cut on Covid essentials, at National Media Center in New Delhi on Saturday.

GST Council cuts tax rate on COVID-19 essentials

Vikas Dhoot Council largely agrees to go ahead with GoM's recommendations

5hrs

One of the filling stations, in New Delhi on Friday.

Diesel at ₹ 100/ltr mark in Rajasthan; Karnataka sees ₹ 100/ltr petrol

PTI Fuel prices differ from state to state.

The NSO stated that for the month of April 2021, the indices of industrial production for the mining, manufacturing and electricity sectors stood at 108, 125.1 and 174 points, respectively. File

IIP rises 134.4% in April, but just 0.08% over pre-COVID level

Special Correspondent The manufacturing sector, hit hardest by the national lockdown over April 2020, recorded a 197.1% uptick this April, though it was still 0.9% lower than April 2019 levels

Union Finance Minister Nirmala Sitharaman. File

Finance Ministry tightens belt

Special Correspondent Tells Ministries to cut ‘controllable’ expenditure by 20%

IIP edged up 0.08% in April from same month in 2019

,08/06/2021.Oxygen cylinders being monitered by a health worker at the Samudrika Convention Centre of Cochin Port Trust in the city which has been converted into a Covid19 treatment centre. Photo:H VIBHU.

Review GST sop’s timing, urges industry

To provide loan to its customers facing financial stress on account of COVID treatment-related expenses, State Bank of India (SBI) has introduced a collateral-free offering called ‘Kavach Personal Loan’.

SBI unveils Kavach Personal Loan scheme for COVID treatment

Petrol price was hiked by 29 paise per litre and diesel by 28 paise.

After petrol, diesel at almost ₹ 100-mark in Rajasthan

Carolyn Everson

Facebook’s global ads chief quits after 10-year stint

Sowmya Ramasubramanian Everson played a key role in scaling up the social network’s ad business, making it one of the largest advertising platforms

Karnataka HC allows CCI to investigate Amazon, Flipkart

Special Correspondent It upholds probe into anti-competitive agreements entered into by e-commerce majors

GST: Finance Ministry revamps Groups of Ministers

Vikas Dhoot Ajit Pawar to steer GoM on IT challenges

Opinion & Analysis

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The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021

Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done

A promising Budget with a few disappointments

M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend

A Budget that fails to address the hunger pandemic

Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all

Markets

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A view of the BSE building in Mumbai. File

Sensex, Nifty jump to lifetime highs

PTI After touching a record intra-day peak of 52,641.53, the 30-share BSE index ended 174.29 points or 0.33% higher at 52,474.76.

File photo for representation.

Rupee slips 1 paisa to close at 73.07 against U.S. dollar

PTI The domestic currency has lost 27 paise in the last four trading sessions.

Economy

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,08/06/2021.Oxygen cylinders being monitered by a health worker at the Samudrika Convention Centre of Cochin Port Trust in the city which has been converted into a Covid19 treatment centre. Photo:H VIBHU.

Review GST sop’s timing, urges industry

Vikas Dhoot GST Council set to decide on rate cuts for crucial COVID-19 related vaccines, medicines, equipment

IIP edged up 0.08% in April from same month in 2019

Special Correspondent Output contracted from March’s level

Industry

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interview Technology

Zoom not focussed on competition, has enough ideas to execute for the next five years

GST Council cuts tax rate on COVID-19 essentials

Diesel at ₹ 100/ltr mark in Rajasthan; Karnataka sees ₹ 100/ltr petrol

Anup Purohit appointed Wipro’s CIO

Finance Ministry tightens belt

IIP edged up 0.08% in April from same month in 2019

Review GST sop’s timing, urges industry

GST Council set to decide on rate cuts for crucial COVID-19 related vaccines, medicines, equipment

CG Power turns ₹674-crore net, to incur ₹135-cr. capex

CG Power and Industrial Solutions, which was acquired by Tube Investments of India in November last year, has returned to black by reporting a

Tata Motors former design head Bose joins Mahindra

Mahindra Group has announced the appointment of Pratap Bose, previously the design head of Tata Motors, as the executive vice president and chief

Speed up vehicle scrapping: Finance Minister

Nirmala Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic

German environmental groups file objection against Tesla gigafactory permit

The groups, Gruene Liga and NABU, said they will go to court if the state authorities fail to file for a permit suspension by June 16.

IIP rises 134.4% in April, but just 0.08% over pre-COVID level

The manufacturing sector, hit hardest by the national lockdown over April 2020, recorded a 197.1% uptick this April, though it was still 0.9% lower than April 2019 levels

Sensex, Nifty jump to lifetime highs

After touching a record intra-day peak of 52,641.53, the 30-share BSE index ended 174.29 points or 0.33% higher at 52,474.76.

SBI unveils Kavach Personal Loan scheme for COVID treatment

The loan covers expenses of COVID treatment of self and family members of the customer.

Rupee slips 1 paisa to close at 73.07 against U.S. dollar

The domestic currency has lost 27 paise in the last four trading sessions.

After petrol, diesel at almost ₹ 100-mark in Rajasthan

Petrol price was hiked by 29 paise per litre and diesel by 28 paise, according to a price notification of state-owned fuel retailer.

Fall in e-waste generation in poor countries shows growing digital divide, report says

E-waste in poor countries is managed inappropriately by the informal sector in open burning and acid baths, which are polluting the environment and depleting valuable resources

Karnataka HC allows CCI to investigate Amazon, Flipkart

It upholds probe into anti-competitive agreements entered into by e-commerce majors

Biophore applies to DCGI for emergency-use approval for COVID-19 treatment drug

The company plans to commence commercial production of the product immediately after the approval is received, the Hyderabad-based firm said.

The rise of the Cloud kitchens across India

As the hospitality industry struggles to survive the pandemic, the past year has seen a spurt of cloud kitchens across India, serving everything from simple home cooking to luxury dinners

Sensex jumps over 250 points in early trade, Nifty tops 15,800

PowerGrid was the top gainer in the Sensex pack, rising around 2%.

‘₹3.5-lakh cr. assets may get monetised’

Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) structures are expected to see a healthy traction in the near to

Open market purchase of G-secs on June 17

The Reserve Bank of India (RBI) said it will conduct the third tranche of open market purchase of government securities of ₹40,000 crore under the

Škoda rolls out new Octavia at ₹25.99 lakh

Škoda Auto India has unveiled the all new Octavia at an ex-showroom price of ₹25.99 lakh nationwide. The Octavia marked the beginning of Škoda Auto’s

Jaguar starts F-PACE delivery in India

Jaguar Land Rover (JLR) said it has begun deliveries of the new Jaguar F-PACE in India at prices starting ₹69.99 lakh, ex-showroom. “The new F-PACE is

Tata Digital to acquire majority stake in 1MG

Tata Digital Ltd., a 100% subsidiary of Tata Sons, has entered into an agreement to acquire majority stake in 1MG Technologies Pvt. Ltd., a digital

Food-unit bills to carry FSSAI licence details

Food safety regulator FSSAI has mandated food business operators to mention FSSAI licence or registration number on cash receipts or purchase invoice

Air traffic to recover fully only by Q4 of FY23: Crisil

‘COVID wave to spur slump this fiscal’

‘Real estate hit worse by second wave than first’

Sales have plunged since April: Credai

‘IT, pharma, e-com buck job losses, witness hiring surge’

Some IT roles command 50% wage premium: Balakrishnan

GST: Finance Ministry revamps Groups of Ministers

Ajit Pawar to steer GoM on IT challenges

Skylo ties up with Inmarsat for IoT solutions

Skylo Technologies, a satellite-based narrow-band (NB) IoT solution company, has entered into an agreement with Inmarsat to make use of its satellite

Coronavirus | Paytm, MakeMyTrip, Infosys offer to help India with vaccine bookings

Only 3.5% of India's 1.3 billion population has been fully immunised against COVID-19

Govt to auction 'major' oil, gas fields of ONGC, OIL: Pradhan

The government will auction unmonetised large oil and gas fields of state-owned ONGC and OIL to boost the country's hydrocarbon production, Petroleum

Gold declines ₹ 259; silver tanks ₹ 110

Gold in the national capital on Thursday declined ₹ 259 to ₹ 48,127 per 10 grams amid weak global trends, according to HDFC Securities. In the

Reliance shuts unit at Jamnagar refinery

Reliance Industries Ltd said it has shut a secondary unit at its only-for-exports oil refinery at Jamnagar in Gujarat, which may delay shipment of

Sensex rebounds 359 points; financial, pharma stocks key drivers

The 30-share Sensex finished 358.83 points or 0.69% higher at 52,300.47.

Rupee falls by 9 paise, breaches 73-mark against US dollar

At the interbank foreign exchange market, the rupee opened at 72.96 per dollar as against its previous close of 72.97

Facebook’s global ads chief quits after 10-year stint

Everson played a key role in scaling up the social network’s ad business, making it one of the largest advertising platforms

India, South Africa’s patent waiver proposal in WTO achieved tremendous mileage, progression: Commerce Secretary

“India and South Africa’s proposal has achieved tremendous mileage and tremendous progression at a very fast pace,” Commerce Secretary Anup Wadhawan said

Can cyber insurance secure your organisation’s data

Several companies are considering taking cyber insurance to seek protection against huge financial losses, especially after the prevalence of large-scale cyberattacks including the recent ones on SolarWinds and the U.S. Colonial Pipeline

GST Council to meet on June 12 to discuss tax cut on COVID essentials, black fungus medicine

Some state Finance Ministers in the GoM are understood to have pitched for a rate cut on COVID essentials.

Mankind Pharma launches drug to treat black fungus

The company has launched the drug under the brand name Posaforce 100

Tata Digital to acquire majority stake in ehealth firm 1MG Tech

Tata Digital Ltd, a 100% subsidiary of Tata Sons has entered into an agreement to acquire majority stake in 1MG Technologies Pvt Ltd, a digital

Rupee rises 3 paise to 72.94 against US dollar in early trade

On Wednesday, the rupee had settled at 72.97 against the US dollar.

Passenger vehicle retail sales down 59% in May as COVID disruptions impact offtakes: FADA

Total registrations across categories declined by 55% to 5,35,855 units last month compared to 11,85,374 units in April

In a world first, El Salvador makes bitcoin legal tender

‘It will bring financial inclusion, investment, tourism, innovation and economic development for our country’, says President Nayib Bukele

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