पेट्रोल और डीजल के कीमत में कोई बदलाव नहीं: अमेजन इंडिया के कंट्री हेड मनीष ने इस्तीफा दिया, ऑनलाइन सर्च में गूगल की मोनोपॉली अवैध

Yesterday’s big news was related to Amazon. Amazon India’s country head Manish Tiwari has resigned. The company’s spokesperson has confirmed Manish’s resignation. According to reports, there may be major changes in the leadership of Amazon India after Manish leaves the company.

At the same time, US judge Amit Mehta said that Google acted illegally to maintain a monopoly in online search. For this, Google spent billions of dollars, took advantage of its dominance to crush competition and suppress innovation.

Today’s major headlines before tomorrow’s big news…

Now read yesterday’s big news…

1. Amazon India’s country head resigns: Manish Tiwari worked in Amazon for more than 8 years, joined the company in 2016

Amazon India’s country head Manish Tiwari has resigned. The company’s spokesperson has confirmed Manish’s resignation. According to reports, there may be major changes in the leadership of Amazon India after Manish leaves the company.

Amazon India is one of the largest e-commerce players in the country. However, the company has not yet disclosed who will replace Manish. The company is going through a crucial phase of growth and competition in India.

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2. Google’s monopoly in online search is illegal: US judge said – the company crushed competition and suppressed innovation

US Judge Amit Mehta said Google acted illegally to maintain a monopoly in online search. For this, Google spent billions of dollars, exploiting its dominance to crush competition and stifle innovation.

This decision comes after a lawsuit that lasted for almost a year. After reviewing evidence and witnesses presented by officials of Google, Microsoft and Apple, Judge Amit Mehta gave a 277-page decision on Monday (August 5). Google’s global affairs chairman Kent Walker said that the company will appeal against this decision.

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3. Government will not give exemption in GST demand to Infosys: DGGI had sent notice for not paying tax of ₹ 32,403 crore

The Government of India is not considering giving any exemption on the GST demand of ₹ 32,403 crore sent to Infosys Limited. Government sources told news agency Reuters that the tax demand made from Infosys is as per the GST rules. The country’s second largest IT company has sought 10 days to respond after meeting tax officials.

The dispute over Infosys’ GST liabilities began when the Karnataka government issued a notice claiming that the company had received services from its overseas branches during July 2017 to March 2022 but did not pay taxes on them.

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4. Vedanta’s profit increased by 54% to ₹ 5,095 crore: Income increased by 6% to ₹ 35,239 crore in the first quarter, the stock gave 74% return in one year

Metal and mining company Vedanta Limited’s profit in the first quarter (April-June) of FY 2024-25 increased by 54% year-on-year (YoY) to ₹5,095 crore. The company’s consolidated net profit stood at ₹3,308 crore in the same quarter a year ago.

Vedanta has released its first quarter results today i.e. on 6th August. The consolidated revenue i.e. income from the company’s operations has increased by 6% on an annual basis.

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5. TVS profit in the first quarter increased by 23% to ₹ 577 crores: Revenue increased by 16% to ₹ 8,376 crores, the company sold 10.87 lakh vehicles in April-June

Automobile company TVS Motors has made a profit (consolidated profit) of Rs 577 crore in the first quarter of the financial year 2024-25. It has increased by 23% on an annual basis. The company had a profit of Rs 468 crore in the same quarter a year ago.

In the April-June quarter, TVS Motors’ consolidated operating revenue grew 16% year-on-year to Rs 8,376 crore. The company’s revenue in the same quarter a year ago was Rs 7,218 crore.

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6. Tata Power’s profit increased by 4% in the first quarter: Income increased by 13.6% to ₹ 17,293 crore, the company’s stock gave 89% return in one year

Tata Power Limited, a Tata Group company, reported a 4% year-on-year (YoY) rise in its profit to ₹1,188 crore in the first quarter (April-June) of FY 2024-25. The company’s consolidated net profit stood at ₹1,140 crore in the same quarter a year ago.

Tata Power has released its first quarter results on Tuesday, August 6. The consolidated revenue or income from the company’s operations has increased by 13.6% year-on-year.

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7. Volkswagen launches Onam edition of Tigun and Virtus: Both cars have 5-star safety rating, over 40 safety features, price starts at ₹ 13.57 lakh

Volkswagen India on Tuesday (August 6) launched the Onam edition of its popular SUV Tigun and sedan segment Virtus in the Indian market. This new special edition is based on the topline variants of both these cars.

Volkswagen has introduced special editions of both the cars on the occasion of Onam festival. The company will sell only 100 units of these and these will be available only in Kerala. Both the cars have achieved 5-star safety rating in Global NCAP and have more than 40 safety features.

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Now read the news you need…

ICICI Bank increased interest on FD: Now you will get up to 7.80% return on fixed deposit, see new interest rates here

ICICI Bank has increased the interest rates on fixed deposits (FD). Now, on making FD in ICICI Bank, general citizens will get 7.25% interest and senior citizens will get up to 7.80% interest. The bank has increased the interest rates on FDs of less than Rs 3 crore. The new interest rates have come into effect from August 6.

Now, if you make an FD in ICICI Bank, common citizens will get interest ranging from 3.00% to 7.25%. On the other hand, if we talk about senior citizens, they will get interest ranging from 3.50% to 7.80% on making an FD here.

Click here to read the full news…

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