Billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter.

The Indian conglomerate is working with an adviser to evaluate an offer for T-Mobile Netherlands BV, the people said, asking not to be identified discussing confidential information. Deutsche Telekom is seeking about 5 billion euros ($5.9 billion) in any sale, the people said.

Chinese short-video platform TikTok has overtaken Facebook as the most downloaded social media app in the world, the media reported.

According to Nikkei Asia, a global survey of downloads in 2020 showed TikTok on top of the list of social media providers for the first time since the study was first conducted in 2018.

Once the Taxation Laws (Amendment) Bill, 2021 becomes law by early next week, the Government will have to pay Rs 8000 crore to four companies including Cairn Energy, Vodafone, WNS Capital and one more, said Central Board of Direct Taxes (CBDT) Chairperson JB Mohapatra after Taxation Laws (Amendment) Bill, 2021 was passed in Rajya Sabha.

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012.

The price of 10 gm of 22-carat gold on Monday fell by Rs 410 to trade at Rs 45,280 from Rs 45,690 a day earlier. Silver was selling at Rs 63,600 per kg: dropping Rs 1,400 from yesterday, according to the website Good Returns.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

A 15-year-old girl from Navi Mumbai who recently cleared her SSC exam tried to strangulated her 40-year-old mother to death with a karate belt after a tiff over her studies, the police said on Monday (August 9).

The incident took place on July 30 where the girl tried to portray it as an attempt to suicide but the autopsy report confirmed it to be a murder said the investigating officer of Rabale Police Station, Assistant Police Inspector Dinesh Patil.

The Tata group is looking to make a foray into semiconductor manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday.

At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability, he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry.

Maharashtra COVID task force on Monday discussed the possibility of granting more relaxations in COVID-19 curbs while observing precautions, an official said, adding the government is identifying new areas and preparing guidelines.

The meeting of the task force, held in the evening, was attended by Chief Minister Uddhav Thackeray, state chief secretary Sitaram Kunte, state COVID task force head Dr Sanjay Oak and other members.

Congress Lok Sabha MP Manish Tewari on Monday suggested that the Opposition must consider bringing a vote of a no-confidence motion against the National Democratic Alliance (NDA) government.

As the logjam in Parliament continues over the issues including farmers' agitation, Pegasus issue and COVID-19 mismanagement.

The Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc and Walmart's Flipkart must continue, rejecting demands of the two e-commerce giants to put them on hold.

The Competition Commission of India (CCI) ordered the investigation in 2020 against the companies for allegedly promoting select sellers on their e-commerce platforms and using business practices that stifle competition.

With 35,499 more people testing positive for COVID-19, India's infection tally now stands at 3,19,69,954, while the death toll climbed to 4,28,309 with 447 fresh fatalities, according to the Union Health Ministry on Monday.

The number of active cases has declined to 4,02,188 which comprise 1.27 per cent of the total infections, and the national COVID-19 recovery rate has improved to 97.39 per cent, data updated by the ministry at 8 am showed.

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