BUSINESS
Heinz launches gadget to squeeze the most out of a sauce packet
Earlier this month, the world's largest producer of ketchup announced the Packet Roller, a ketchup bottle-shaped gadget that allows users to squeeze the most out of a condiment packet, CNN reported. "Do not click 'purchase' unless you are prepared to change everything about the way you sauce," the Heinz Packet Roller website says. The roller goes for $5.70.
Service given by corporate offices to their branches taxable
This would mean companies having separate GST registration for its head offices and branches would need to pay GST on the services that a head offices gives to its branches and receive payment for it. The order on the issue came from Maharashtra AAR or MAAR on application filed by Pune-based B.G. Shirke Construction Technology Private Limited.
India needs 4-5 more SBI sized banks: FM
Speaking at 74th Annual General Meeting of Indian Banks' Association at Mumbai, Sitharaman said there was an urgent need to scale up banking to meet the growing needs of the industry and also to ensure that all economic centres of the country are covered with at least one physical or digital banking presence.
Govt may extend demand Fame II incentive scheme for purchase of personal EV cars, e-bicycles
Government sources said that they were also looking at including electric bicycles under the capital subsidy scheme seeing its growing popularity and the need to bring down its cost for customers. The fresh inclusions would make the running Fame II or Faster Adoption and Manufacturing of Hybrid and EV scheme all encompassing covering the entire range of electric vehicles being used both for personal and commercial use and public transport.
Diesel price rise again, petrol stable amid volatility in global oil markets
Accordingly, diesel prices increased by 25 paise per litre in the national capital to Rs 89.07 per litre on Sunday while petrol price remained unchanged for the 21th consecutive day, according to Indian Oil Corporation, country's largest fuel retailer.
Centre approves capex projects worth over Rs 2,900 cr in 8 states
According to the Ministry of Finance, the projects have been approved under a scheme titled 'Special Assistance to States for Capital Expenditure for 2021-22'. Besides, the ministry has released an amount of Rs 1,393.83 crore to these states, namely Bihar, Chhattisgarh, Himachal Pradesh, Madhya Pradesh, Maharashtra, Punjab, Sikkim and Telangana.
Import duty norm relaxed to improve containers availability
At present, keeping containers beyond a period of six months attracts an import duty. The policy was designed to discourage long dwell time of containers and to promote faster turnaround. However, an official communique, cited that the policy has been reported to "sometimes create perverse incentiveamong shipping lines to export empty containers to evade duty payment on containers which are lying empty".
Top 10 wealth creators of India
Not only is the quantum of its contribution the highest but, more importantly, it is the most diversified group and also has the largest shareholder base (85 lakh) thus providing a larger slice of the pie to public shareholders,” said RippleWave Equity Advisors partner Mehul Savla. Here are the top 10 wealth creators in India:
Semiconductor shortage to further impact PV sales in Sep
The electronic component is used in variety of functions which play a critical part in the production of internal combustion engines.
End of Beginning: Premium valuations biggest risk to market rally
Besides, the 135 per cent rise seen in the 30-scrip S&P BSE Sensex from the lows of 2020 lockdown to its latest peak of more than 60,300 points might tempt some eager investors to cash-out by booking profits.
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