BUSINESS
Zomato Co-founder Gaurav Gupta quits
Gaurav Gupta was the head of supply at the recently-listed company. In an email to everyone in the company he said: "I am taking a new turn in my life and will be starting a new chapter, taking a lot from this defining chapter of my life - the last 6 years at Zomato." Deepinder Goyal, the CEO of Zomato took to Twitter to thank Gupta and said that there is a "great" team and leadership to carry the company's journey forward.
Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs
A notification issued by the Central Board of Direct Taxes (CBDT) has amended the Income Tax Rules, 1962 to provide that taxability of gift is not applicable on transfer of any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategic disinvestment.
IRDAI's move to risk policyholder's data privacy, create data monopoly: Experts
But, the industry experts are not in favour of Insurance Regulatory and Development Authority of India's (IRDAI) move as it may impinge on data privacy. Further such a move makes IIB a monopoly of insurance data in the market. As per the draft Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations 2021, IRDAI will amend its regulations relating to the protection of policyholders.
76% fall in proposed coal power since Paris pact: Report
This leaves 44 countries without a pre-construction pipeline, and in a position to commit to "no new coal", joining 40 countries that have made this commitment since 2015. Together, they can respond to Guterres' call for "no new coal by 2021". The report by climate change think tank E3G finds that action by just six countries could remove 82 per cent of the remaining global pipeline.
India moving away from coal slowly, considerable progress by states: Study
Four countries in South Asia -- Bangladesh, India, Pakistan and Sri Lanka -- have previously considered or are currently considering coal. Together, they account for 13 per cent of the global pre-construction pipeline (37.4GW), said a new report by climate change think tank E3G that assessed the global pipeline of new coal projects.
Nifty hits record high, Sensex up 200 points
The Indian stock market opened on a positive note on Tuesday with the Nifty50 on the National Stock Exchange (NSE) touching a record high. Nifty hit a fresh high of 17,438.55 points. Healthy buying was witnessed in auto and banking shares.
Ford India yet spell out plans for workers affected by closure
On September 9, Ford India announced that it will wind down vehicle assembly in Sanand by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by the second quarter of 2022. Ford India has four plants in the country -- vehicle and engine plants in Chennai and Sanand. Ford India has decided to continue operating the engine plant in Sanand while closing down the other three.
Petrol, diesel prices unchanged on Tuesday
The oil marketing companies (OMCs) on Tuesday kept pump prices of petrol and diesel unchanged, marking ninth consecutive day of no revision, and decided to wait and watch the global oil situation before making further changes.
'Serious possibility of complete economic collapse in Afghanistan'
Guterres made the remarks here on Monday while convening a high-level ministerial meeting on the humanitarian situation in Afghanistan, reports Xinhua news agency. He highlighted the acute and urgent need for funding support and action in the country. "The people of Afghanistan need a lifeline. After decades of war, suffering and insecurity, they face perhaps their most perilous hour," he said during his opening remarks at the meeting.
Smooth and transparent procurement from this season: Govt
Last year, procurement of foodgrains under the minimum support price (MSP) continued despite disruptions in logistics during the initial days of the lockdown in the wake of the Covid-19 pandemic. "However, the government increased the number of procurement centres compared to previous years to facilitate the farmers in selling their produce at the nearest procurement centre maintaining Covid protocols," Agriculture Secretary Sanjay Agarwal said on Monday.
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