Business
Competition Commission clears Tata’s Air India acquisition
Competition Commission has approved Tata Group’s proposed acquisition of Air India, Air India Express and AISATS. Talace Pvt Ltd, part of Tata Group, is to acquire 100 per cent stakes in Air India, Air India Express and 50 per cent shareholding in Air India SATS Airport Services Pvt Ltd...
Gita Gopinath promoted as IMF First Deputy MD
Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First Deputy Managing Director, the fund announced Thursday. She would replace Geoffrey Okamoto who plans to leave the Fund early next year. Gopinath, who was scheduled to return to her academic position at Harvard...
Facebook to scrap thousands of sensitive ad-targeting options
Facebook Inc said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based on interactions with content around race, health, religious practices, political beliefs or sexual orientation. The company, which recently changed its name to Meta https://www.reuters.com/technology/facebooks-zuckerberg-kicks-off-its-virtual-reality-event-with-metaverse-vision-2021-10-28 and which makes the...
Mukesh Ambani London relocation report denied
Reliance Industries Limited on Friday termed as ‘false’ media reports stating that Mukesh Ambani and his family were contemplating partly residing in Stoke Park, London. In a press release, the firm said that a recent report in a newspaper had led to “unwarranted and baseless speculation” on social media...
Excise duty cut estimated to cost Rs 45,000 cr
The excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percentage point widening on the Centre’s fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption, the costs of the surprise move which came after months of concerns...
Arunachal cuts VAT on fuels by 5.5%
Arunachal Pradesh Chief Minister Pema Khandu on Thursday announced that his government has reduced the value-added tax rates on petrol and diesel by 5.5 per cent, a day after the Centre slashed excise duty on fuel. The revised VAT rates would be applicable in the northeastern state from the...
Petrol, diesel excise duty slashed on Diwali eve
In a Diwali bonanza by the Narendra Modi government, the excise duty on petrol and diesel has been slashed by Rs 5 and Rs 10, respectively. The decision will come into effect from tomorrow. In a statement, the Government of India also urged the states to reduce the VAT...
Modi says 5 billion vaccine doses by 2022 end
India is ready to produce over 5 billion Covid vaccine doses by the end of next year to help the world in its fight against the pandemic, Prime Minister Narendra Modi said in his remarks at the G-20 meeting here on Saturday, as he highlighted India’s contributions to...
Indian-origin pharma CEO shot dead by gunman in US
An Indian-origin top executive of a pharmaceutical company in the US state of New Jersey was shot dead by a gunman who followed him home from a casino for robbery, media reports said on Saturday. Sree Ranga Aravapalli, 54, a resident of New Jersey’s Plainsboro, was killed shortly after...
