The Karnataka government has issued a significant GST notice to Zomato, demanding ₹ 5.01 crore in taxes along with interest charges and penalties, bringing the total to ₹ 9.45 crore. This news comes alongside a positive trend in the Indian stock market, with the market capitalization of nine out of the top ten most valued companies, led by Reliance Industries, collectively adding ₹ 2,89,699.42 crore to their valuation last week.
Meanwhile, the India Meteorological Department (IMD) has issued alerts for heavy rainfall across India, including red alerts for West Bengal, Sikkim, Assam, and Meghalaya, and orange alerts for Delhi until July 3rd. Several regions, including Karnataka, Gujarat, and Kerala, are also facing flash flood warnings.
In other news, Prime Minister Narendra Modi delivered the 111th episode of his Mann Ki Baat address on Sunday, highlighting the ongoing positive work for the country and society post Lok Sabha elections. In the sporting world, cricket witnessed significant developments as Ravindra Jadeja announced his retirement from T20 International Cricket, following the retirements of Rohit Sharma and Virat Kohli after India’s T20 World Cup victory.
Finally, the Tata Education Trust (TET) has intervened to resolve the staffing crisis at the Tata Institute of Social Sciences (TISS), ensuring necessary resources to address the issue and revoking the termination notice for 115 teaching and non-teaching staff members.
