Starbucks slapped with a fine of Rs. 1.4 Crore for over-pricing
According to the complaint, the coffee chain increased the price of its short cappuccino from Rs 155 to Rs 170, after the GST rate reduction came into effect.
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Important decisions made during the Union Cabinet meeting today
Ministers discussed the present economic situation and some big projects for approval.
US Election 2020: Trump accuses Biden of fraud, says he will approach Supreme Court
As of 2:00 PM IST, Biden has 238 electoral votes whereas Trump has 213, and a candidate needs 270 electoral votes to win the presidency.
Ant group’s listing suspended by Chinese authorities
As the founder of Alibaba, Jack Ma was about to sell shares of Ant Group worth $37 billion on Thursday, making it the biggest stock market debut in the world the Chinese authorities suspended the listing at the eleventh-hour citing the reason due to major regulatory issues.
Sun Pharma shares surged 6.65 percent on Q2 growth
The company reported a stable 70 percent year-on-year growth in profit after tax at Rs 1,813 crore in the second quarter of FY21. This led to a gain of 10 percent in the past two trading days.
UAE PM Sheikh Mohammed tweets his picture while receiving COVID-19 vaccine
Over the past few weeks, several Emirates officials have taken the dose of COVID-19 vaccine.
Dabur reports double growth in sales in second quarter, net profit increased by 20%
In the Dabur India Ltd investors presentation, the company claimed that the sales grew twice in the September quarter which helped the company in increasing its market share in 190 basis points categories.
Reliance refinery to commence gas production from R-Series by the end of 2020
Currently, the company is working on three projects in the KG-D6 block, where the production in the older fields was halted in February. Out of the three fields, the R-series will go live first.
Russia gears up for mass COVID-19 vaccination of EpiVacCorona, to begin by 2021
The report stated, 40,000 volunteers will be a part of the COVID-19 vaccine trials, and it will commence in November or December.
Reliance refinery sector sinks, Mukesh Ambani’s net worth drops by $5 billion
Business tycoon Mukesh Ambani's net worth dropped by $5 billion as Reliance Industries Ltd.’s shares tumbled to the lowest price in the last 3 consecutive months also following a drop in quarterly profit.
PhonePe registers 925 million transactions through 250 million users
PhonePe like its competitors, allows users to exchange money and recharge mobile. It also provides services like utility payments and market investment. The app has launched a ‘Switch’ platform which allows customers to make payments for apps like Ola, IRCTC, and Oyo.
India witnesses sharp decline in the venture capital of startups
According to data from venture capital, India’s Startup industry received $468 million through venture funding across 51 deals. However, this number is far lower than the September figure. In September, India was able to raise $1150 from 52 deals.
Bajaj Auto records highest monthly sales of 5.12 lakh units in October
Bajaj Auto motorcycle sales grew by 18 percent at 470,290 units, its highest ever sales for the company. In October, Bajaj Auto said the Pulsar brand recorded sales of, over 170,000 units.
GST revenue crosses ₹1 lakh crore mark in FY21
The finance ministry said, “The growth in GST revenue as compared to that in July, August and September 2020 of -14%, -8% and 5% respectively clearly shows the trajectory of recovery of the economy and revenues.
New changes in regulations for MBBS admission by NMC
The new regulation will be applicable for established and to be established colleges. Moreover, the established medical colleges will be governed by relevant and existing regulation during the transition period.
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