'GST Council clears proposal to remove tax exemptions on some items & more'- Business Today Newsletter

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ECONOMY   GST Council clears proposal to remove tax exemptions on some items   The discussion on the crucial issues of extension of compensation to states beyond June 2022 and the imposition of 28 per cent GST on casinos, online gaming and horse racing, will take place on Wednesday.

INDUSTRY   Maharashtra, Telangana, TN in the race to woo Taiwanese electronics giant Foxconn   Foxconn has big expansion plans for India. And there is a fierce competition raging between Indian states to woo the Taiwanese multinational.

CORPORATE   Mukesh Ambani resigns as Director of Reliance Jio, son Akash appointed Chairman   Further, the board at its meeting today also approved the appointment of Pankaj Mohan Pawar as Managing Director of the Reliance Jio for a period of five years.

POLICY   Centre to ban import, stocking, distribution of single-use plastic items from July 1   The government said in a statement that "India will ban manufacture import, stocking, distribution, sale and use of identified single-use plastic items, which have low utility and high littering potential, all across the country from July 1, 2022."

LATEST   TCL eyes 12% market share in Smart TVs segment in India by 2022-end   "Currently we have 6 per cent market share in the country. Our dream is to replace Sony, which is sitting at 12% market share," Vijay Kumar Mikkilineni, Marketing Head, TCL India told Business Today.

CORONAVIRUS   India might get emergency approval for its first mRNA COVID-19 vaccine   Sources have said that the government's Subject Expert Committee (SEC) - vaccine has given a green light for the approval of Gennova Biopharma's mRNA vaccine.

AUTO   Tata Motors to raise prices of its commercial vehicles from July 1   The company, despite seeing its market share drop from 41.88 per cent in May 2021 to 41.35 per cent last month, maintained the top spot in terms of commercial vehicle retail sales in May 2022.

PANORAMA   In Pics: PM Modi gifts indigenous handmade items to world leaders   Prime Minister Narendra Modi, who was in Germany for the G7 Summit, gifted a range of items to the world leaders. He met US President Joe Biden, Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron, European Commission President Ursula von der Leyen, UK Prime Minister Boris Johnson, Japan Premier Fumio Kishida and Italian Prime Minister Mario Draghi in the summit.

LATEST   Pallonji Mistry passes away at 93: A look-back at his life, relationship with the Tatas, and more   The reclusive Mistry was known for the power he commanded in the Tata empire. Pallonji was the largest individual shareholder in Tata Sons with 18.4 per cent holding in the conglomerate.

MINDRUSH 2022   Kaivalya Vohra of Zepto talks about the 10-minute grocery delivery model   Listen to Kaivalya Vohra, Co-founder & CTO of Zepto on how the business of the quick commerce, and grocery delivery work.

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