Mukesh Ambani resigns as Director of Reliance Jio, son Akash appointed Chairman & more

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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.

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.

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.

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."

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.

MARKETS   Sensex, Nifty close higher for fourth session; M&M, RIL top gainers   Sensex rose 16 points to 53,177 and Nifty gained 18 points to 15,850 in today's session.

MARKETS   Zomato stock slips 14% in two sessions post Blinkit acquisition, what should investors do?   Shares of Zomato hit an intraday low of Rs 60.45, down 8.2 per cent today against the previous close of Rs 65.85 on BSE. With today's slide, the stock has lost Rs 9.9 or 14.07 per cent in the last two sessions.

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.

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.

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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