Assam Chief Minister Himanta Biswa Sarma has announced that 22,000 posts will be advertised within the next two months in order to recruit one lakh people for government jobs under the present BJP-led regime.

At an official function, Sarma distributed appointment letters to 514 candidates of the last Assam Direct Recruitment Examination (ADRE) to fill up vacancies in Class-III and Class-IV posts under various departments.

Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent.

The new limits will be effective from Monday, September 4, according to a notification issued by BSE.

Swedish furniture maker Ikea is looking for omnichannel expansion with diverse retail formats besides kicking off online operations in Delhi-NCR by the end of 2024 as it enters the second phase of growth in the Indian market.

According to company India CEO Susanne Pulverer, Ikea is now planning to expand its operations by adding more stores to its network and considering new locations such as Pune and Chennai and increasing local sourcing making products more affordable here.

US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid USD 3.5 billion (around Rs 28,953 crore) to acquire shares from its non-controlling interest holders in six months to July 31, 2023.

Additionally, during the six months ended July 31, 2023, the company received USD 700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiary, said the Bentonville-based retailer in a US Securities & Exchange Commission (US SEC) filing.

Goods and services tax (GST) collection in August grew 11 per cent to Rs 1.59 trillion annually on account of increased compliance and anti-evasion measures.

In August 2022, collection was Rs 1.43 trillion.

However, during the month, the tax collected by the Centre (CGST) and the states (SGST), and the revenue from imports and inter-state sales moderated over the previous month.

Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries, is said to be in advanced talks with global investors to raise $2.5 billion by the end of this month. This latest fundraising plan follows RRVL bagging $1 billion investment in August from Qatar Investment Authority (QIA) for a 0.99 per cent stake. QIA valued the country’s largest retailer at a pre-money equity valuation of nearly Rs 8.28 trillion.

According to a Reuters report, based on three sources, the plan to raise $2.5 billion is part of a combined $3.5 billion target the firm has set for itself. The QIA investment was part of this exercise.

Food delivery and restaurant aggregation platform Zomato has introduced 'Foodie Buddy,' also known as Zomato AI, a personalised artificial intelligence (AI) based chatbot. The company said in its recent blog post that the chatbot has been designed to assist customers in making their dining choices.

According to the platform, this feature will be accessible exclusively to Zomato Gold members and will be launched in a phased manner.

The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said.

He was taken into custody under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office here.

The country's maiden solar mission -- Aditya-L1 is all set to be launched today at 11

With the launch rehearsal and vehicle internal checks all being completed, the Indian Space Research Organisation (ISRO) is all set for the country's maiden solar mission -- Aditya-L1 from the Satish Dhawan Space Centre (SDSC-SHAR) in AP's Sriharikota.

The National Company Law Tribunal (NCLT) on Friday admitted the insolvency application against instant drink mix Rasna for unpaid dues to the tune of Rs 71 lakh.

The application for insolvency was filed by logistics company Bharat Road Carrier Pvt Ltd.

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