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28% tax on online gaming to become effective from Oct 1, says FM
Business

28% tax on online gaming to become effective from Oct 1, says FM

Posted on: August 2, 2023

[ad_1] 28 per cent tax on online gaming to become effective from Oct 1, says FM Sitharaman after GST Council meeting. “Delhi, Goa, Sikkim seek review of […]

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery
Business

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

Posted on: August 2, 2023

[ad_1] Taiwan’s Foxconn will invest $600 million in two manufacturing projects in southern Indian state of Karnataka, including one which will be a partnership with U.S.-based Applied […]

Promoter to sell 4.3% stake in Vedanta to raise $500 mn for debt repayment
Business

Promoter to sell 4.3% stake in Vedanta to raise $500 mn for debt repayment

Posted on: August 2, 2023

[ad_1] Twin Star Holding, a promoter entity of the Vedanta group, is planning to sell a 4.3 per cent stake in its India-listed subsidiary, Vedanta Ltd, to […]

Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Business

Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income

Posted on: August 2, 2023

[ad_1] Adani Wilmar sells edible oils and other food items under Fortune Brand. Edible oil major Adani Wilmar on Wednesday reported a net loss of Rs 79 […]

IndiGo reports highest-ever profit of Rs 3,091 cr in Q1FY24, revenue up 30%
Business

IndiGo reports highest-ever profit of Rs 3,091 cr in Q1FY24, revenue up 30%

Posted on: August 2, 2023

[ad_1] IndiGo Q1FY24 results: InterGlobe Aviation-owned IndiGo was back in the black in the April-June quarter (Q1) of financial year 2023-24 (FY24) as it clocked highest-ever quarterly […]

Amazon, Google wooed by India for $750 million cricket rights: Reports
Business

Amazon, Google wooed by India for $750 million cricket rights: Reports

Posted on: August 2, 2023

[ad_1] By Anto Antony India’s cricket governing body is trying to lure global giants Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction […]

Elon Musk’s X challenges India court ruling on content blocking orders
Business

Elon Musk’s X challenges India court ruling on content blocking orders

Posted on: August 2, 2023

[ad_1] Social media platform X has sought to quash an Indian court decision that found it non-compliant with content removal orders, arguing the ruling could embolden the […]

Here’s why Sensex tanked 800 points in Wednesday’s intra-day trade
Business

Here’s why Sensex tanked 800 points in Wednesday’s intra-day trade

Posted on: August 2, 2023

[ad_1] Bears tightened their grip on domestic markets in Wednesday’s intra-day trade, as global sentiments turned sour post Fitch credit rating downgrade of the US.   […]

Ambuja Cements to acquire majority stake in Sanghi Industries: Reports
Business

Ambuja Cements to acquire majority stake in Sanghi Industries: Reports

Posted on: August 2, 2023

[ad_1] India’s Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that […]

US finishes 2nd lottery round for H-1B visa, successful candidates notified
Business

US finishes 2nd lottery round for H-1B visa, successful candidates notified

Posted on: August 2, 2023

[ad_1] The US has completed a second round of random lottery selection for the much sought-after H-1B work visa for foreign guest workers and the successful applicants […]

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