Industry Current Affairs

CCEA clears sale of govt's 29.5% stake in Hindustan Zinc

CCEA clears sale of govt’s 29.5% stake in Hindustan Zinc

The Cabinet Committee on Economic Affairs (CCEA) has cleared the government’s 29.5% stake sale in Hindustan Zinc Ltd (HZL) to fetch around Rs 38,000 crore to the exchequer. This decision will strengthen the government’s disinvestment drive in the current fiscal year. The government has budgeted Rs. 65,000 crore from PSU disinvestment and strategic sale. In 2002, the government offloaded a 26% stake

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Microsoft Corp co-founder dropped

Microsoft Corp co-founder dropped to No. 3 behind France’s Bernard Arnault

Microsoft Corp co-founder Bill Gates dropped to No. 3 behind France’s Bernard Arnault . Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended when the Microsoft Corp co-founder dropped to No. 3 behind France’s Bernard Arnault. Louis Vuitton owner LVMH, Arnault’s luxury-goods maker,

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Walmart Labs start-up FloCare and B2B trading platform BigTrade undisclosed amount.

Walmart Labs start-up FloCare and B2B trading platform BigTrade undisclosed amount.

Walmart Labs, the technology part of the global retail giant Walmart, has acquired two Bengaluru-based startups, FloCare and BigTrade. While, the healthtech startup FloCare will be integrated into customer technology part of Walmart’s online pharmacy, BigTrade, which is a B2B wholesale trading platform, will contribute to the supply chain part of Walmart’s business. Also, both

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Reebok appointed Bollywood actor Katrina Kaif as its new brand ambassador in India

Reebok appointed Bollywood actor Katrina Kaif as its new brand ambassador in India

Fitness brand Reebok has announced Bollywood actor Katrina Kaif as its new brand ambassador in India. Katrina Kaif, who trains hard for a fitter and better self each day, embodies the brand ethos and is an inspiration for today’s generation. Kaif said, “I am thrilled and proud to join hands with Reebok, a brand that

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Council may consider GST cut on EVs

Council may consider GST cut on EVs

According to officials in the Finance Ministry.GST Council meeting where rate reductions for electric vehicles (EVs) and the extension of the term of the National Anti-Profiteering Authority till November 2020, Tax experts the Council’s real focus on addressing concerns regarding the new return filing system  The start-up community is asking for the Council to further

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