Business

• Air India Lost 56 Employees Due to Covid Till July 14: Minister
  
  Centre on Thursday informed the Parliament that 56 employees of national carrier Air India have succumbed to Covid-19 pandemic till July 14.
• SEBI Chief Says IPOs like Zomato Show Maturity of Indian Market
  
  Addressing NISM's Second Annual Capital Markets Conference, he said that successful IPOs of such companies are likely to attract more funds in domestic markets, creating a new ecosystem of entrepreneurs and investors.
• Gold Futures Rise on Global Cues, Rising Concerns of Covid-19 'Delta' Variant
  
  Gold Futures Rise on Global Cues, Rising Concerns of Covid-19 'Delta' Variant
• Govt Seeks Parliament Nod for Additional Spending of RS 1.87 Lakh Cr
  
  The Centre on Tuesday sought the Parliament's approval for an additional spending of Rs 1.87 lakh crore to meet its expenditure commitments made under various Covid relief measures and to provide higher allocation for the health sector.
• Recovery Signs: Vistara Noticing Recovery in Leisure Travel
  
  India's accelerated vaccination drive as well as pent-up demand has triggered a recovery in leisure air travel, said Tata-SIA airline Vistara.
• India Gold Futures Decline on Global Cues, US Fed's Tapering Concerns
  
  Domestic futures of gold declined on Friday, tracking decline in the global prices, along with concerns of tapering by the US Federal Reserve.
• India's June YoY Engineering Goods Exports Rises by 52.4%
  
  India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.
• Financial Inclusion Priority for Sustainable Recovery: RBI Governor
  
  Reserve Bank of India Governor Shaktikanta Das on Thursday said that financial inclusion will remain a priority of the central bank to achieve sustainable post-pandemic economic recovery.
• Zomato IPO Subscribed 1.6 Times, QIB Portion Fully Subscribed
  
  The initial public offering (IPO) of online food delivery platform Zomato has been subscribed 1.6 times so far with healthy response from retail and institutional investors.
• Service Rendered without Element of Any Charge May Not Qualify for GST
  
  Service rendered by an individual or institution for facilitating overseas payments without any element of service charge may not be liable to pay GST, a tax authority has held.
• 'Rapid Vaccination, Better Health Infra Needed for Durable Economic Recovery'
  
  The recently announced economic relief package is expected to further oil the wheels of the capex cycle via implementation of the PLI scheme and streamlining of processes for PPP Projects and Asset Monetization, it said.
• Airbus India Put under 18% GST for Services Supply to French Parent
  
  The Indian operations of French aviation giant Airbus involving procurement of raw material from local vendors and facilitating supply abroad are 'intermediary services' and hence liable to 18 per cent GST, an authority of advance ruling (AAR) has ruled.
• Samsung's Battery Arm Mulls US Investment to Meet EV Demand
  
  South Korean battery maker Samsung SDI is considering investment in the US to meet growing demand for electric vehicles, industry sources said on Friday, stoking speculation over potential partnership with major automakers.
• Delhi's New Excise Policy Allows Bars to Operate Till 3 A.M.
  
  The much debated new excise policy aims to introduce sweeping changes in the city's liquor business, clean up malpractices, and improve user experience.
• Exchanges, MDS to Be Fined If Glitches Not Addressed in Times
  
  Capital market regulator SEBI has introduced a penalty structure for cases wherein exchanges are not able to timely address technical glitches.
• Bezos Retires Officially, Andy Jassy Takes over as Amazon CEO
  
  Jeff Bezos, who founded Amazon exactly 24 years ago on July 5, 1994, has officially stepped down and former AWS executive Andy Jassy has taken over as the CEO of the commerce behemoth.
• Covid Pulls India's June Services Sector Output Lower: PMI
  
  The second wave of the Covid-19 pandemic heavily dented India's service sector output in June, which contracted at the fastest pace since July 2020.
• RBI Guv Calls for Sustained Policy Support, Stronger Capital Buffer by Banks
  
  RBI Governor Shaktikanta Das has said that sustained policy support along with further strengthening of capital buffers by banks and other financial institutions remain vital amid the Covid-19 pandemic.
• Delhi Airport Sees Growth in Passenger Traffic Numbers
  
  Most of those who flew were in the 'visiting family and friends' category (48 per cent), followed by 'vacation' (25 per cent) and 'business' (19 per cent) travellers.
• IndiGo's Reduces Emissions by 5% via Ground Support Equipment Automation
  
  Airline major IndiGo has reduced emissions by about 5 per cent via its ground support equipment automation.
• SEBI Board Okays Tightened Norms regarding Independent Directors
  
  In a bid to bring in transparency and more corporate discipline in terms of Independent Directors, the SEBI board on Tuesday approved amendments to regulations regarding Independent Directors (ID).
• Covid Relief: Measures Worth over RS 6 Lakh CR Announced
  
  The Centre on Monday extended liquidity support to various stressed sectors of India Inc as well as micro credit borrowers and export oriented industries.
• Maruti Suzuki Expands Subscription Services to 4 More Cities
  
  Auto major Maruti Suzuki India (MSIL) has announced the expansion of 'Subscription' services to four new cities -- Jaipur, Indore, Mangalore and Mysore.
• India's IT Exports May Witness Double-digit Growth in FY22: Report
  
  Noting that there has been strong spending across companies in the IT sector, the report said that the strength in spending will show in the strong growth of IT services companies.
• India's FY22 GDP Growth Rate Now Expected at 9.6%: Ind-Ra
  
  India's FY22 GDP growth rate is now expected at 9.6 per cent, lower than an earlier estimate of 10.1 per cent, India Ratings and Research (Ind-Ra) said on Friday.

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