Business

The company said it also expects customers to spend relatively more on jewellery compared to other discretionary spends as gold jewellery continues to be a valuable store of value.

Reliance Industries chairman and managing director Mukesh Ambani announced on Wednesday at the company’s 43rd annual general meeting that Google will be the 13th investor in the Reliance Industries subsidiary.

For the first time, Reliance will allow users to enter the webinar through JioMeet video conferencing platform. Reliance will also stream the event live on the company’s official website, as well as on YouTube and Facebook.

After touching a high of 36,465.34, the 30-share BSE Sensex was trading 423.11 points, or 1.17 per cent, higher at 36,456.17.

The government had suspended the release of inflation headline numbers for April and May due to inadequate data collection during two-months long lockdown.

India is the third-largest producer of coal after China and the US, and has 299 billion tonnes of resources and 123 billion tonnes of proven reserves, which may last for over 100 years.

Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, said a complete implementation of the existing support measures (in particular, food provision to households) is of paramount importance.

Infosys was the top gainer in the Sensex pack, advancing around 3 per cent, followed by Bajaj Finance, Bajaj Auto, Asian Paints, Bajaj Finserv, Maruti and Tech Mahindra.

HUL in its application said the defendant (Emami) should give it at least seven days prior written notice before initiating any legal proceedings in any court or claiming any interim relief against HUL.

The Central Board of Indirect Taxes and Customs (CBIC) has notified that there will be nil late fees if there is no tax liability.

Rating agency Crisil in a recent report said bank credit growth is likely to nosedive to a multi-decadal low of 0-1 per cent in 2020-21 as economic activity is sharply impacted by the pandemic.

With GSTN already allowing SMS-based filing of sales return GSTR-3B for nil filers and late fees for such filers also stands waived, the move would allow such businesses to file their pending GST returns and clear the backlog, experts said.

According to MMRDA, nearly 755 labourers are expected to be brought back from different states in July and so far 115 have already been sourced by the contractors of the metro 7 line.

The portal called Bharat Craft would be jointly run by the bank and the government.

For the first time in living memory on Thursday diesel became costlier than petrol in the national capital due to a sharp increase in the Value Added Tax (VAT) by the Delhi government.

Businesses have now opened up their offices and plants and want to make sure that employees returning to their campuses are negative for the novel coronavirus, according to Kiran Mazumdar-Shaw.