Economy news

• Grant F. Reid decides to hand over the reins as Mars CEO after a decade

  23-06-2022 09:11 via timesofindia.indiatimes.com
  
  Mars CEO, Grant F Reid, has announced he is to hand over the reins as CEO after leading the business through a period of unprecedented growth, impact and transformation.
  
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• Mukesh Ambani sets succession plan in motion by promoting his children

  30-06-2022 07:52 via timesofindia.indiatimes.com
  
  On Tuesday, the 65-year-old tycoon made way for his first-born Akash Ambani to become the chairman of India's No. 1 wireless carrier Reliance Jio Infocomm Ltd. Akash's twin sister Isha, 30, is set to be appointed chair of Reliance's retail arm, and an announcement is expected as early as Wednesday, people familiar with the matter said. The company declined to comment.
  
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• Maharashtra: Navi Mumbai Airport to be renamed DB Patil International Airport

  30-06-2022 07:27 via zeenews.india.com
  
  The Maharashtra State cabinet has decided to rename the Navi Mumbai International Airport along with other places like Aurangabad and Osmanabad, report ANI.
  
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• 2022 Mahindra Scorpio-N first drive review: The OG Indian SUV is back in a new avatar: WATCH Video

  30-06-2022 06:31 via zeenews.india.com
  
  The 2022 Mahindra Scorpio-N was recently launched in India at Rs 11.99 lakh and joins XUV700 and original Scorpio in the company’s big 7-seater SUV lineup.
  
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• How to invest for children’s future

  30-06-2022 06:20 via timesofindia.indiatimes.com
  
  How to invest for children’s future
  
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• New Wage Code likely to be implemented from tomorrow: Office timings, salary, PF may change from July 1

  30-06-2022 06:13 via zeenews.india.com
  
  The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
  
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• 2022 Kia Seltos facelift breaks cover, coming to India soon - Check images

  30-06-2022 06:12 via zeenews.india.com
  
  The 2022 Kia Seltos facelift is revealed digitally, right ahead of its global debut, which was scheduled to happen at the Busan Motor Show. The facelifted avatar of the C-SUV will soon make its way to our shores.
  
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• Large-cap vs mid-cap vs small-cap

  30-06-2022 06:03 via timesofindia.indiatimes.com
  
  Large-cap vs mid-cap vs small-cap
  
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• Tax on stocks, mutual funds, gold and real estate STCG and LTCG

  30-06-2022 05:43 via timesofindia.indiatimes.com
  
  Tax on stocks, mutual funds, gold and real estate STCG and LTCG
  
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• New Wage Code likely to be implemented from tomorrow: Office timings, salary, PF, Leave status and other things that may change from July 1

  30-06-2022 05:43 via zeenews.india.com
  
  The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
  
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• Investment strategy for short term goals

  30-06-2022 05:33 via timesofindia.indiatimes.com
  
  Investment strategy for short term goals
  
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• Gold price today, June 30: Check gold rate in Delhi, Patna, Lucknow, Kolkata, Kanpur, Kerala and other cities

  30-06-2022 05:31 via zeenews.india.com
  
  Here are the indicative price of 22 Carat Gold Today, 30 June 2022 (except GST, TCS, and other levies).
  
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• Mukesh Ambani children at centre of leadership change at India's Reliance

  30-06-2022 05:27 via timesofindia.indiatimes.com
  
  The move is the first sign of change at Ambani's empire after the billionaire last year said his children would have significant roles in the business. Akash, Ambani's elder son, joined the leadership team at the group's telecom unit, Reliance Jio, in 2014. His twin Isha is already tasked with driving the company's retail, e-commerce and luxury plans.
  
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• Lanka IOC provides fuel as government pumps go dry in island nation

  30-06-2022 05:24 via zeenews.india.com
  
  On Monday, The Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage.
  
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• Maruti Suzuki to discontinue small cars like Alto, Wagon R in India, here's why?

  30-06-2022 05:23 via zeenews.india.com
  
  As of 2020, more than 133,000 people were killed and 355,000 were injured in road accidents in India, with automobile passengers accounting for 13% of those who died.
   
  
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• Growth investing vs value investing

  30-06-2022 05:20 via timesofindia.indiatimes.com
  
  Growth investing vs value investing
  
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• Maruti Suzuki threatens to discontinue small cars like Alto, Wagon R in India, here's why?

  30-06-2022 05:18 via zeenews.india.com
  
  As of 2020, more than 133,000 people were killed and 355,000 were injured in road accidents in India, with automobile passengers accounting for 13% of those who died.
   
  
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• PAN-Aadhaar linking rule change from July 1: Double penalty for not linking PAN with Aadhaar from tomorrow

  30-06-2022 04:40 via zeenews.india.com
  
  The Income Tax Department has said that non-linking of PAN with Aadhaar by March 31 would attract penalty of up to Rs 1,000, but such PAN will remain functional for one more year till March 2023, for filing ITR, claiming refunds and other I-T procedures.
  
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• 100+ new unicorns within 4 yrs: Hurun

  30-06-2022 04:16 via timesofindia.indiatimes.com
  
  India will have 122 new unicorns (startups valued over $1 billion) in 2-4 years in 25 cities, according to ASK Private Wealth Hurun India Future Unicorn Index 2022. Hurun Research said India's future unicorns are currently worth $49 billion, an increase of 36% compared to last year.
  
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• New 2022 Maruti Suzuki Brezza to launch in India today: Watch it LIVE here [Video]

  30-06-2022 04:13 via zeenews.india.com
  
  New 2022 Maruti Suzuki Vitara Brezza: The upcoming compact SUV from the India's largest carmaker promises a multitude of changes, including new design, cabin, features and more.
   
  
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• Fuel Prices on June 30: Check petrol, diesel rates in Delhi, Mumbai, and other cities

  30-06-2022 04:10 via moneycontrol.com
  
  Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62. In Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28.
  
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• Embedded value by July 15, says LIC

  30-06-2022 04:09 via timesofindia.indiatimes.com
  
  LIC has said that it would take more time to arrive at its embedded value. The corporation has said that it would be in a position to declare this key number by July 15.
  
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• Sebi clears FPI trades in commodities derivatives

  30-06-2022 04:04 via timesofindia.indiatimes.com
  
  Sebi on Wednesday allowed foreign portfolio investors (FPIs) to participate in the country's commodities derivatives markets.
  
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• GST Council: Call on casinos, e-gaming put off

  30-06-2022 04:02 via timesofindia.indiatimes.com
  
  The GST Council on Wednesday deferred a decision on taxing casinos, online games and horse racing at 28% in the wake of issues raised by Goa.
  
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• GST support's extension still elusive

  30-06-2022 03:57 via timesofindia.indiatimes.com
  
  Ahead of the end of the five-year compensation period to cover "losses" of states, a clarity on whether it would be extended beyond Thursday remained elusive, although several states raised the demand at the GST Council. "If there was a solution, I would have told you," finance minister Nirmala Sitharaman said when asked about an extension.
  
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• Russia muscles in on Indian oil market at expense of OPEC titans

  30-06-2022 03:31 via moneycontrol.com
  
  Deprived of many of its traditional European buyers, Moscow is on course to deliver somewhere between 1 million and 1.2 million barrels a day to the world’s third-largest oil importer this month, according to tanker tracking figures compiled by Bloomberg and two oil analytics firms.
  
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• Decision on online gaming, casinos in next GST meet

  30-06-2022 01:15 via financialexpress.com
  
  The Goods and Services Tax (GST) Council will consider tax rate increase on online skill gaming from 18% to 28% and taxation issues related to casinos in its next meeting at Madurai in the first week of August.
  During the meeting, the Council will also consider the report of group of ministers (GoM) on setting up of GST Tribunals (in each state for dispute resolution), finance minister Nirmala Sitharaman said after the Council meeting here. The GoM on tribunals will be set up in a couple of days
  
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• Satisfied with Citi card biz, says Axis Bk

  30-06-2022 00:30 via timesofindia.indiatimes.com
  
  Axis Bank has said that it is confident about the quality of Citibank’s credit card portfolio and the persistency & spending were satisfactory. Speaking to newspersons here, Axis Bank head (cards & payments) Sanjeev Moghe said that he was confident that the integration would be completed within the indicated timeframe.
  
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• GST Council Meet: Host of rate hikes, fewer exemptions from July 18

  30-06-2022 00:30 via financialexpress.com
  
  The Goods and Services Tax (GST) Council on Wednesday removed a host of tax exemptions and raised rates for a larger number of mass-consumption items to remove anomalies and inversion. The decision will take effect from July 18.
  A proposal to bring parity between online and offline traders for intra-state trade in GST registration requirement will be effective from January 1, 2023. The Rs 40-lakh annual turnover threshold for goods and Rs 20 lakh for services, which now apply to offline traders,
  
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• GST compensation in limbo: Group of ministers on slabs rejig gets 3 more months

  30-06-2022 00:15 via financialexpress.com
  
  The Centre on Wednesday came under greater pressure to provide some relief to the state governments that are staring at a revenue shock, with many BJP-ruled states also joining the chorus for extension of the GST compensation mechanism. A five-year, constitutionally guaranteed compensation ends today.
  “Most of the state finance ministers who spoke on the issue sought extension of the guaranteed compensation mechanism for a few years,” finance minister Nirmala Sitharaman said on Wedne
  
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