Invesco to cut stake in Zee, Flipkart health app goes live
Criminal Procedure (Identification) Bill passed by Parliament
The Criminal Procedure (Identification) Bill was approved by voice vote in the Rajya Sabha after Home Minister Amit Shah addressed concerns raised by the opposition, who said the proposed law was harsh . The bill has already been passed by the Lok Sabha, ET revealed.
Read: How the debate on the Criminal Procedure (Identification) Bill unfolded in Lok Sabha
Invesco to sell 7.8% of Zee shares in block deal
Invesco Developing Market Funds has opted to sell 7.8% of Zee Entertainment Enterprises Ltd in a block deal to reduce its stake from 17.88%, according to a report by Moneycontrol. The 7.4 crore shares are valued at around Rs 2,200 crore.
Launch of the new Flipkart Health+ app
Walmart-owned Flipkart is officially in the online healthcare business after launching the Flipkart Health+ app, Business Standard reported. Through the app, users will have quick and convenient access to high-quality, low-cost pharmaceuticals and medical supplies from independent vendors, according to the report.
Read: Flipkart to Acquire Majority Stake in SastaSundar.com and Enter Online Healthcare Amid Regulatory Uncertainty
Court could offer tax certainty to e-commerce and food delivery businesses
After a recent High Court ruling in Kolkata, many e-commerce and food delivery businesses may have more clarity on non-refundable input tax credits under Goods and Services Tax (GST) , according to an ET report. Refunds can be granted in any case where entry services rendered attract a higher rate of tax than exit services, the court said.
Zomato and Swiggy down due to technical issues, now back online
Zomato and Swiggy, which experienced a brief outage in several Indian cities, are operational again, HindustanTimes reported. However, there is no information on the cause of the outage, as both platforms only called it a “temporary issue”.
GIC Leads CRED Funding to Estimated $6.5 Billion
Singapore’s national wealth fund, GIC, will lead a new $200 million fundraising round in fintech CRED, according to a Mint report. CRED has a valuation of over $6.5 billion, which could climb to nearly $7 billion depending on investor interest.
Fintech arm of MakeMyTrip buys majority stake in BookMyForex
TripMoney, the fintech arm of MakeMyTrip, has purchased a majority share of BookMyForex, a foreign exchange service provider, to offer a one-stop solution for all currency needs of Indian travelers, Inc42 reported.
Data sharing is not an area of negotiation between the UK and India
New Delhi may not be able to discuss the terms of India-UK Free Trade Agreement (FTA) negotiations as India does not yet have data protection laws , according to a Mint report.
Intel suspends operations in Russia
Intel has ceased operations in Russia, joining a host of other companies that pulled out following the country’s invasion of Ukraine, an Indian Express report has revealed. After halting shipments to customers in Russia and Belarus last month, the company said it has implemented business continuity measures to minimize the effect on its global operations.
Regular roads or toll roads? Google Maps to help you choose one
Google Maps has been updated with new features, including the addition of toll charges, to make it easier to decide between toll roads and regular roads, Mint reported. With up-to-date toll rate information provided by local toll authorities, users can now determine the expected toll charges to their destination even before the journey begins with this new update.
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