They will have to pay 18 per cent GST regardless of the service they provide

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Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

BSE, stock market, sensex

Vedanta Ltd.'s parent, Vedanta Resources, will remain the holding company, the people said. Deliberations are ongoing and no final decisions on the structure or timing of the de-merger have been made

Vedanta refinery

Closing Bell on September 28, 2023: 
Tech M, which sank 4 per cent, was the top laggard on the benchmarks after Morgan Stanley downgraded the stock to 'underweight'

bulls, bears, markets, sensex

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

Lenovo

Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India

RBI Governor Shaktikanta Das

Depending on the success, other development authorities would be nudged to join the bonds bandwagon

India to enter JP Morgan's EM bond index; set for $20 billion inflow

Bond

The induction of C-295 aircraft "heralds a new era for the Air Force" and this fleet will in times to come become the backbone of the force's tactical lift capability, former IAF chief Air Chief Marshal (retd) RKS Bhadauria said on Monday.
The first C-295 medium tactical transport aircraft was inducted into the Indian Air Force in the presence of Defence Minister Rajnath Singh earlier in the day.
The induction ceremony took place at the Hindan airbase here. IAF Chief Air Chief Marshal V R Chaudhari was also present on the occasion.
Former IAF chief Bhadauria said this aircraft is "state-of-the-art" and "hugely capable".
"It's a great day for the IAF as it was one of the very critical requirement to replace the Avro fleet. And, from that perspective, this induction ceremony is heralding a new era for the Air Force in terms of the tactical airlift capability," he told PTI at Hindan airbase.
This fleet will in times to come become the "backbone of tactical lift capability," Bhadauria

C-295 tactical transport aircraft

Denmark's Lego said on Monday that it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world's largest toymaker to use recycled bottles did not work.
Lego said it has decided not to progress" with making its trademark colourful bricks from recycled plastic bottles made of polyethylene terephthalate, known as PET, and after more than two years of testing "found the material didn't reduce carbon emissions.
Still, the toymaker remains "fully committed to making Lego bricks from sustainable materials by 2032, it added
Two years ago, the privately-held group which makes its bricks out of oil-based plastic, started researching a potential transition to recycled plastic bottles made of PET plastic, which doesn't degrade in quality when recycled.
It had invested more than USD 1.2 billion in sustainability initiatives as part of efforts to transition to more sustainable materials and reduce our carbon emissions by 37 pe

lego

The city-based Refex group engaged in diverse businesses has expanded its Green Mobility vertical here, a top official said on Monday.
The company had launched the Refex Green Mobility Ltd business in Bengaluru in March this year and has now forayed into the Tamil Nadu market, Refex Group Managing Director Anil Jain said.
According to him, the company currently has 497 electric vehicles, nine clients including one in Chennai and engaged in discussions with 30 other customers under the Green Mobility vertical.
Jain, in an interaction with PTI said, the company serves clients in the transportation of their employees from office to residence or residence to office with battery operated vehicles as against the earlier mode of transport which is on vehicles run on internal combustion engine (ICE).
"We are an employee transportation company catering to B2B (business to business). We want to cater to corporates across India. We started the operations in Bengaluru in March, now we have ...

Electric vehicles

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

India Canada

Kishore Biyani, the erstwhile promoter of debt-ridden Future Retail, has moved the Bombay High Court against the forensic audit process of the company.
Earlier in August this year, Kishore Biyani and his brother Rakesh Biyani were asked by Bank of India to respond to findings made in the forensic audit report by BDO, a forensic auditor appointed by the leading financial creditor of Future Retail Ltd (FRL).
The forensic auditor had submitted its report on August 9, 2023, and Bank of India sought representation/submissions from the company over the credit facilities availed by Biyani, which was replied by the resolution professional on August 28, 2023, FRL said in a regulatory filing.
"Kishore Biyani - Director of the Company, has filed a writ petition before High Court, Bombay, inter alia challenging the Forensic Audit process, including the Forensic Audit Report dated August 09, 2023, submitted to BOI by BDO India," FRL said.
Bank of India is the lead creditor of FRL, and CIRP was 

Future Group

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

Central bank 'will not hesitate to act' against entities indulging in such behaviour, says deputy governor Swaminathan J

Swaminathan Janakiraman

Joining the masses of firms already using AI, the ECB is now exploring ways to process and analyse millions of data points, including public price data, corporate statistics

Third Wave Coffee is present in several major Indian cities, including Bangalore, Mumbai, Delhi, Gurgaon, Pune, Hyderabad, Noida, Coonoor, and Chandigarh

Third Wave Coffee

Agencies of the ministries of education and skill development and entrepreneurship have signed eight agreements with IBM under which curated courses will be provided to empower youth in India with future-ready skills.
Minister of Education and Skill Development and Entrepreneurship Dharmendra Pradhan presided over the signing of the MoUs on Wednesday.
"The collaboration will focus on the co-creation of curriculum for skilling learners across school education, higher education, and vocational skills on emerging technologies like AI (including generative AI), cyber-security, cloud computing and professional development skills," the Ministry of Skill Development and Entrepreneurship stated.
Speaking at the MoU signing event, Pradhan said that India, with its vast and youthful population, stands at the cusp of tremendous potential. To harness this demographic dividend, it is crucial to equip the youth with the necessary skills to excel in today's modern workforce.
"This collaboration .

Start-ups pick up survival skills

Shares of the company last traded at Rs 1,194, up 6.6 per cent over its previous day's close. Experts said traders are lapping up the stock in anticipation of a change in guard at the company

Finolex cables

A horror-comedy movie Chandramukhi 2 has been released in theatres today. The movie has sold more than 1 lakh advance tickets. The movie is directed by P. Vasu

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ECB looks to leverage AI to better understand inflation after big misses

Third Wave Coffee raises $35 mn in series C funding round led by Creaegis

Govt, IBM ink 8 MoUs to provide courses for youth in future-ready skills

Shares of Finolex Cables jump over 6% after Supreme Court judgement

Chandramukhi 2 releases today; check cast, showtime, and advance booking

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