The 54th GST Council meeting is set to take place on September 9, 2024, as announced by the government on Tuesday. This upcoming session follows the 53rd GST Council meeting held on June 22, 2024, chaired by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman.
Key Recommendations:
Amendment to Section 112 of the CGST Act, 2017: The GST Council has proposed changes to extend the…
On Tuesday, Zee Entertainment Enterprises Limited (ZEEL) announced that its Securities Issue and Allotment Committee has approved the allotment of foreign currency convertible bonds (FCCBs) worth $239 million. This move aims to raise significant capital through private placement.
In a regulatory filing, ZEEL revealed that the FCCBs, totaling approximately ₹2,000 crore, will mature in 10 years.
Global index provider MSCI has announced significant changes to its India Index for August, adding seven stocks while removing one. The additions include Rail Vikas Nigam Limited (RVNL), Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial Services, and Zydus Lifesciences. Bandhan Bank will be the sole stock removed from the index. Additionally, MSCI will be increasing…
The Intergovernmental Panel on Climate Change (IPCC) has underscored the critical role of carbon removal in achieving global climate targets, revealing that all scenarios to limit warming to 1.5°C depend on this approach. Carbon removal, encompassing both natural methods like reforestation and technological solutions such as direct air capture, is increasingly recognized as essential for meeting…
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant increase from 35.7 million in June and just 3 million in March, marking a 22-fold growth in four…
Universal Music Group (UMG) has secured an expanded licensing agreement with Meta Platforms, allowing its vast catalog of music to be used and shared across Meta’s suite of platforms, including WhatsApp for the first time. This new multiyear global deal will see songs from UMG’s top artists, such as Taylor Swift, Adele, and Elton John, featured across Meta’s network, which encompasses…
Bharti Enterprises has announced plans to acquire a 24.5% stake in BT Group from Altice UK, marking a significant investment in the British telecommunications sector. The acquisition will be executed through Bharti Global and is structured in two phases: an immediate purchase of a 9.99% stake and a subsequent acquisition of a 14.51% stake pending regulatory approvals.
The deal underscores Bharti…
Alphabet’s Google will host its annual Made By Google launch event on Tuesday, where major announcements are expected. The event will feature the introduction of Google’s latest smartphones, the Pixel 9 Pro and Pixel 9 Pro Fold, marking what the company describes as the dawn of a “new era of phones.” These new devices are anticipated to bolster Google’s position against Apple’s…
The Ministry of Corporate Affairs (MCA) website reveals that Agora Advisory, the consultancy co-founded by Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch and her husband Dhaval Buch, is listed as “active.” This contradicts Puri Buch’s assertion that the company became dormant upon her appointment to Sebi.
Hindenburg Research accessed data indicating that Agora…
Amid ongoing controversy sparked by Hindenburg Research’s report, global investors are increasingly calling for the resignation of Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch. The call comes in response to allegations that Buch and her husband had stakes in an offshore fund linked to the Adani Group, which allegedly inflated Adani stocks in the past.
Hindenburg…
