Page 273 - Bs Reporter

SC stays GST on royalty paid by petitioner to state for mining rights

GST at the rate of 18 per cent is imposed on royalty given to the state governments for mining rights

Nifty Auto index gains over 3% on Tata Motors-TPG deal boost

Tata Motors holds approximately 12 per cent weight in the Nifty Auto index, and trails Maruti Suzuki and Mahindra & Mahindra

InMobi to acquire London-based app ads performance tracker Appsumer

Appsumer has been the intelligence platform of choice for consumer brands such as Miniclip, Picsart and Viber. It was funded by Galvanise Capital and named a Top-100 UK startup

Swiggy plans entry into community commerce with Swiggy Bazaar: Sources

Firm plans to leverage group buying model, puts out job postings on LinkedIn and Getwork for the upcoming vertical

VerSe Innovation acquires social networking app GolBol for undisclosed sum

GolBol's entire team including co-founders will join VerSe to help accelerate the work being done to modernize and multiply the impact of Josh

D2C jewellery brand Melorra raises $24 mn in funding round led by 9Unicorns

Melorra's vision is to bring the fast-fashion model into jewellery, where they launch a new collection every week and 75 designs every Friday

Education startup Playto Labs raises Rs 4 cr in seed funding from IPV

The funds raised will be used in building a strong team and expanding its customer base

Venture debt firm BlackSoil provides Rs 35 cr growth capital to 5 startups

Investor says unique business positioning of the five firms and ability to survive through adversities like Covid is what made them attractive propositions for BlackSoil

Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital

Kalaari Capital's investment came from CXXO, an initiative to promote female founders in India's start-up ecosystem.

Tax collections to foreign trade, economic recovery maintains momentum

Employment conditions and consumer sentiments have also improved dramatically, suggests CMIE data

Union Cabinet likely to approve Gati Shakti master plan on Tuesday

Gati Shakti will be a digital platform that will bring 16 ministries to provide real-time access to information and data on various infrastructure projects

Tata Power jumps 8.3%, extends one-month run to over 46%

Latest surge comes on the back of RIL's acquisition of Sterling & Wilson, which is in solar energy space; potential inclusion in MSCI supports rise

Reserve Bank of India retains advisory committee on Srei group companies

On October 04, 2021, RBI had constituted a three-member panel to assist Rajneesh Sharma, Administrator in discharge of his duties

CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL

PMP Infratech fined Rs 25 lakh, Rati Engineering to pay Rs 2.5 lakh; personnel managing and controlled the two firms also penalised, cease-and-desist order passed

Morgan Stanley names Anahita Tiwari head of India global in-house centres

She joins Morgan Stanley from JP Morgan Chase India where she was the head of Global Finance and Business Management and is a certified chartered accountant

Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn

Post acquisition, Spayee will continue to operate independently; it allows content creators to produce customised courses in audio and video, PDF documents, quizzes, assignments and live classes

F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital

F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer

ForeignAdmits raises Rs 3.4 cr in seed round led by Unicorn India Ventures

ForeignAdmits makes use of data-backed counseling process and peer-to-peer mentorship by international graduates and alumni networks

Denmark's Grundfos, Tata Projects tie up for environment, water projects

The deal was signed by both the companies in the presence of Prime Minister of Denmark, Mette Frederiksen and Danish Ambassador to India, Freddy Svane

Tatas have liberty to refer new balance sheet to CAG-approved CA: TK Pandey

DIPAM Secretary says rescue missions such as Vande Bharat are on a cost recovery basis. Air India One has been transferred to the Indian Air Force. This will also be on a cost recovery basis