“I am confident that the handloom sector will keep contributing to the building of an Atmanirbhar Bharat '', said Prime Minister Shri Narendra Modi in his tweet. This zeal of the Prime Minister to make India self-sufficient and self-reliant by promoting authentic Indian hand woven and hand-crafted apparel designs nationally as well as internationally has helped in blooming the eco-friendly, sustainable and yet economical form of clothing.

PM Narendra Modi who in his own words is “motivated by Gandhi Ji’s emphasis on duties in addition to rights as well as the importance he attached to encouraging products made by our hardworking fellow citizens'' values handcraftmenship and hand weaving. Like Mahatma Gandhi who introduced Khadi fabric to India from his Sabarmati Ashram in year 1917 and influe

Reliance Jio Infocomm on Tuesday said Mukesh Ambani has stepped down as the company’s director, effective from the close of working hours on June 27. The telecom arm of Reliance Industries Ltd (RIL) also said its board has approved the appointment of Akash Ambani, non-executive director of the company, as its chairman, according to a regulatory filing.

Mukesh Ambani will continue to be the chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands, including Reliance Jio Infocomm.

July 1 will mark the completion of five years of implementing the Goods and Services Tax (GST), and all eyes are set on the 47th meeting of the all-powerful GST Council scheduled to be held over two days on June 28 and 29 in Chandigarh.

Here is a list of key announcements that are hoped for, and expected:

The Rs 40-lakh threshold exemption for intra-state sales and the Rs 1.5-crore threshold under composition scheme available to offline sellers are not applicable to online sellers yet. The extension of this threshold and composition benefit to online sellers of goods, is one of the most-eagerly awaited developments, and is pegged as a game changer in the e-commerce landscape. It is interesting to note that this change was specifically recommended in the 172nd Parliamentary Committee report on ‘Promotion and regulation of e-commerce in India’, recently presented to both the Houses of Parliament. The dropout stemming from this lack of parity is about 60-70 percent.

The initial public offering (IPO) of the Life Insurance Corporation (LIC) of India was one of the much-anticipated events for stock market investors in 2022. However, what followed next was nothing less than a nightmare for the stockholders of the insurance behemoth. So far, the LIC IPO losses stand at more than $18 billion - losing nearly a third of its valuation. 

On Friday, LIC's share ended at Rs 661.70, down by another 3.2%. From the issue price of Rs 949, the stock is down more than 30%, leading to a massive loss of wealth for investors. (ALSO READ: Want petrol? Get a token first! Sri Lanka's new policy to ration fuel) 

The board of food delivery company Zomato on June 24 approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore in an all-stock deal.

Also, Zomato’s restaurant supplies subsidiary Hyperpure will acquire the warehousing and ancillary services business of Hands on Trade Private Limited for Rs 60.7 crore.

While the Blinkit deal value was earlier estimated to be upwards of $700 million, the drop in Zomato’s stock price has reduced it to $568 million at current exchange rates.

“Quick commerce has been our stated strategic priority since the last one year. We have seen this industry grow rapidly both in India and globally, as customers have found great value in quick delivery of groceries and other essentials,” said Zomato CEO Deepinder Goyal.