Reliance Industry Unveils Battery Storage Technology For EVs At An Event
Reliance Industry's owner Mukesh Ambani is venturing into EV business and launched swappable and multipurpose battery storage technology for Electric Vehicles (EVs.) The new product was launched during "Battery Show" in Greater Noida. The new product launch is expected to be good in the EV market, which is expected to be of ₹49,000 crore business. Furthermore, this new product of Ambani's will be $10 billion clean energy push.
Tags: Electric Vehicles, Reliance industry, Renewable Energy, business, Swapable Battery Storage
Courtesy: DNA India
Implementation Of 28% GST On Online Gaming From Oct 1
The Government of India announced GST of 28% on Online Gaming. The tax is expected to be implemented, in effect from Oct 1. The GST Council's decision to levy 28% GST on real-money gaming came during a financial meeting, held earlier in August. The new implementation will be reviewed six months after it comes into effect, the Council decided in its meeting.
Tags: GST, online gaming, 28% Tax, GoI, business
Courtesy: The Hindu Business Line
Asian Paints Co-founder Ashwin Dani Passed Away At 79
Asian Paints Co-founder and Non-executive Director Ashwin Dani passed away at the age of 79. Dani joined the company, now among Asia's biggest paint companies, in 1968. The company was established by his father and three others in 1942. Moreover, Dani’s son, Malav, is also a member of the company’s board. According to Forbes, Dani’s net worth as of 2023 is $7.1 billion. After Ashwin's death shares fell by 4%.
Tags: Ashwin Dani, died, Asian Paints, business, Market Shares
Courtesy: CNBCTV18
IT Officials Raid Offices Of Lenovo Premises Amid Tax Evasion Probe
The Income Tax (IT) official conducted raids at Lenovo offices in Bengaluru, Mumbai and Gurgaon, claiming tax evasion. The searches were carried out on September 28, confirmed sources. Furthermore, the officials inspected laptops of Lenovo employees during the visit, one of the sources said. They also tried to contact Lenovo's senior management during and after the visit as part of the inquiry, the person added.
Tags: business, Technology, lenovo, IT Raids, Searches, Tax Evasion
Courtesy: NDTV
Inspiring Story Of Village Man With ₹100 Crores Shares With Simple Living
Rajiv Mehta, a user of X (formerly known as Twitter) shared the story of a village man who leads a simple life, despite owning shares worth ₹100 crores. The post, which is now going viral read, " He is holding shares worth ₹80 crores L&T ₹21 crores worth of Ultrtech cement shares ₹1 crore worth of Karnataka bank shares. Still leading a simple life." Netizens appreciate the village man's simplicity.
Tags: business, Viral Story, inspiring story, Twitter, Share owners
Courtesy: Economic Times
Long Queues Awaits Outside Mumbai Apple iPhone Store
Mumbaikars are all set to get their hands on the newly launched iPhone 15 series models as they are ready to go on sale on Friday (Sept 22). India's first Apple Store located in Mumbai's BKC witnessed long queues since today early morning as citizens line up to buy their iPhone 15. Visuals surfaced on the internet show huge crowd waiting outside the Apple store, for buying iPhone 15.
Tags: business, iphone, Apple, Indian Markets, iPhone 15
Courtesy: The Free Press Journal
Indian Air Force Took Delivery Of First C-295 Aircrafts From Spain
The Indian Air Force (IAF) on Wednesday took the delivery of its first C-295 transport aircraft from Airbus Defence and Space, with Air Chief Marshal VR Chaudhari attending the handing over ceremony at Seville in Spain, officials aware of the matter said. The 16 aircraft is the first of the 56 such planes ordered by the IAF under a ₹21,935-crore project to modernise its transport fleet.
Tags: Air Force, Indian News, business, Aircrafts, Spain project, Security
Courtesy: Hindustan Times
Rupee Appreciates By 9 Paise Against US Dollar
The rupee appreciated 9 paise to close at 82.94 (provisional) against the US dollar on September 12, amid fresh foreign fund inflows and expectations of better macroeconomic data. Forex traders said the Indian rupee appreciated on Tuesday as domestic markets hit fresh record highs. At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved in a range of 82.86 to 83.01.
Tags: Indian Rupee, business, US Dollar, Inter Foreign Exchange, Trade Market
Courtesy: The Press Trust of India
Spotify Pushes Users For Subscription, Users Left Frustrated
Spotify, a music app is struggling to gain subscriptions and to enhance their business, they made major changes in its features. However, the attempt to push users for subscriptions isn't going well with the users, as they are left with smart shuffle, leading to the playing of random songs. A Spotify user wrote on X (Twitter) said, "I can no longer play songs as per my liking on Spotify?"
Tags: spotify, Subscription, Users, music app, business
Courtesy: The Free Press Journal
Rupee Hits All Time Low, Fell For 4th Consecutive Day Against US Dollar
The rupee fell 9 paise to register a lifetime low of 83.22 (provisional) against the US dollar on Thursday. This marks the fourth consecutive day of the downward trend of the rupee. The fall was credited to the firm American dollar and increased crude oil price.The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar.
Tags: Rupee, US Dollar, All Time Low, Crude Oil, business
Courtesy: ABP News