Business News Update; share market, gold silver, petrol diesel, reliance, zomato | No change in petrol and diesel prices today: Zomato received GST notice of ₹ 9.5 crore, Reliance’s market-cap increased by ₹ 1.52 lakh crore in a week.

Yesterday’s big news was related to Zomato. The Tax Department of Karnataka has given notice to Zomato for GST, interest and penalty of Rs 9.5 crore. In terms of market capitalization, the market cap of 9 out of the top 10 companies of the country has increased by a combined Rs 2.89 lakh crore last week. Reliance Industries Limited has been the top gainer during this period.

Before tomorrow’s big news, today’s major events to keep an eye on…

Now read tomorrow’s big news…

1. Reliance’s market-cap increased by ₹ 1.52 lakh crore in a week: LIC’s value decreased by ₹ 22,043 crore, stock market rose by 1,823 points last week.

In terms of market capitalization, the market cap of 9 out of the top-10 companies of the country has increased by a combined Rs 2.89 lakh crore last week. Reliance Industries Limited has been the top gainer during this period.

Its valuation has increased by Rs 1,52,264.63 crore (₹1.52 lakh crore) during the week’s trading. Now the market cap of the company has become Rs 21.19 lakh crore. Earlier the market cap of the company was Rs 19.67 lakh crore.

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2. Zomato gets ₹ 9.5 crore GST notice from Karnataka: Company will file an appeal against this order of the tax department.

Karnataka’s tax department has issued a notice to online food delivery platform Zomato charging GST, interest and penalty of Rs 9.5 crore. The company has given this information in its stock exchange filing.

According to Zomato’s filing, the Karnataka Tax Authority has also imposed Goods and Services Tax (GST) of Rs 5.01 crore, interest of Rs 3.93 crore and a penalty of Rs 50,19,546 on the company. The company has received this notice for the financial year 2019-20.

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3. Warren Buffet changes his will: After his death, Bill Gates Foundation will not receive donations, children will create a trust.

Veteran American investor Warren Buffet has made changes in his will. Now after his death, donations to the Bill and Melinda Gates Foundation will stop. Instead his assets will be given to a charitable trust under the supervision of his three children.

Warren Buffet has changed his will several times. This time he has expressed confidence in the values ​​of his children and their ability to handle their legacy. Buffett said- I have full faith in my children and their values.

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4. Expected rise in stock market next week: From FOMC minutes, auto sales to FII flows, these factors will decide the movement of the market.

There may be a rise in the stock market next week. The market will keep an eye on FOMC minutes, auto sales, domestic economic data, global economic data, FII-DII flows and upcoming IPO.

Here we are telling about such factors which will decide the movement of the market in this week.

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5. Challa Srinivasulu Setty will become the new chairman of SBI: FSIB recommended, current chairman Dinesh Khara is retiring on August 28.

Financial Services Institution Bureau (FSIB) has recommended Challa Srinivasulu Shetty as the next Chairman of State Bank of India i.e. SBI. The FSIB, which comes under the central government, on Saturday said that keeping in mind the existing parameters and his total experience, the bureau recommends Challa Srinivasulu Shetty for the chairmanship of SBI.

Shetty has more than 36 years of experience in SBI. He currently looks after the International Banking, Global Markets and Technology department. The current chairman of the bank, Dinesh Khara, is retiring on August 28 after turning 63. 63 years is the upper age limit for the post of Chairman of SBI.

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Now read the news of your need…

Two IPOs will open next week: Investment opportunity in Emcure Pharmaceuticals and Bansal Wire Industries, minimum investment ₹ 14,112

Next week, 2 initial public offers i.e. IPOs will be open for listing in the share market. These include Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited.

The IPOs of both the companies will be open for retail investors from July 3 to July 5. On July 10, shares of both the companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Let us know about the IPO of these two companies one by one.

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Also see who were the top 10 richest people in the world yesterday…

Yesterday the market was closed due to holiday on Sunday, so know the condition of share market and gold and silver on Friday…

Know the latest price of petrol, diesel and gas cylinder…