The GST department has issued three orders to Eternal, the company that owns the Zomato and Blinkit brands, imposing a total tax demand of more than Rs 40 crore, including interest and penalties.

According to the company, the Joint Commissioner, Bengaluru, issued these directives for the period from July 2017 to March 2020.

"The Company has received 3 orders on 25 August 2025 for the period July 2017 to March 2020 passed by Joint Commissioner, Appeals-4, Bengaluru, confirming total demand of GST of Rs 17,19,11,762 with interest of Rs 21,42,14,791 and penalty of Rs 1,71,91,177, " Eternal said in an exchange filing.

Shares of telecom company Vodafone Idea shares fell over 9 per cent in intra-day trade on Tuesday.

Vodafone Idea shares dipped 9.19 per cent, and have declined more than 16 per cent year-to-date.

The decline came after Minister of State for Communications, Pemmasani Chandra Sekhar, said there are no plans to provide additional relief beyond what has already been offered, according to multiple media reports.

According to the minister, the government had converted a significant portion of the company's debt into equity. The minister said in media reports that the government has taken all feasible measures and that there is no discussion or plan to alter anything beyond what has been done.

Fintech major PhonePe has announced the launch of its latest home insurance product line, designed to offer homeowners a simple and affordable solution to protect their homes.

With premiums starting as low as Rs 181 (including GST) for coverage ranging from Rs 10 lakh going up to Rs 12.5 crore, buyers can insure both structure and contents of their homes, with the convenience of an end-to-end digital journey, directly on their PhonePe app.

Vishal Gupta, CEO at PhonePe Insurance Broking Services, said, “We believe India’s homeownership aspirations are larger than ever, and PhonePe is eager to be a part of that journey, backed by its expertise. We are committed to making insurance accessible and affordable for every Indian”.

In 2025 the smartphone industry continues to evolve at a rapid pace, with products becoming smarter and more feature-packed while consumer expectations rise just as quickly.

Buyers today are more informed, carefully weighing performance, design, and long-term value before making a purchase. The mid-range category has become the most competitive, offering flagship-like experiences at accessible prices.

For many in India, the sweet spot lies in the Rs 15,000 to Rs 20,000 range of mobiles, a segment that balances aspiration with affordability and appeals strongly to young users who want a phone under Rs 20,000 that can handle gaming, photography, and streaming while also looking stylish.

In this crowded space, where every brand is fighting for attention, it is no longer enough to simply offer higher megapixels or bigger batteries.

Tech giant Apple on Tuesday announced it will open doors to its first store in Pune -- Apple Koregaon Park -- on September 4. This will be the company's fourth own retail store in the country.

This opening marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and buy Apple products, and experience Apple’s exceptional service in person, the iPhone maker said in a statement.

The barricade for Apple Koregaon Park was revealed following last week’s announcement in Bengaluru, where Apple Hebbal will open on September 2.

Adorned with rich, vibrant feathers inspired by the Peacock - India’s national bird and a symbol of pride - the artwork celebrates Apple’s third and fourth stores in India.

HD Hyundai, South Korea's leading shipbuilding conglomerate, said on Tuesday it has signed an initial agreement to create a joint investment programme aimed at rebuilding the US shipbuilding industry, as part of bilateral cooperation between Seoul and Washington.

The memorandum of understanding (MOU) was signed in Washington on Monday (U.S. time) by HD Hyundai, the Korea Development Bank (KDB) and U.S. investment firm Cerberus Capital, according to HD Hyundai, reports Yonhap news agency.

The signing ceremony was arranged by South Korea's Ministry of Trade, Industry and Energy and the U.S. Department of Commerce, and it followed President Lee Jae Myung's bilateral summit with U.S. President Donald Trump in Washington.

Uber CEO Dara Khosrowshahi has said that India is the company's third-largest mobility market with over 1.4 million drivers and is a "must-win" for the company.

In a podcast with the co-founder of Zerodha, Nikhil Kamath, the Uber CEO said that the growth in the Indian market is 'spectacular', adding, "India is an absolute must-win for Uber, not just tomorrow, but 10 years from now.”

Khosrowshahi said that Ola used to be Uber's main competition, but Rapido is currently the more formidable rival in India.

“The real test of the business isn’t how fast you can grow if you’re spending. It’s actually how fast you can grow while you’re profitable. And I think Rapido is a long way away from that. But they’ve been innovative,” he added.

The Federation of Automobile Dealers Association (FADA) has urged the government for faster implementation of the proposed GST rationalisation reforms.

Even as the festive season is approaching, customers are delaying car purchases in expectation of a GST rate cut, and these delays could turn festive sales into a “whitewash” period, NDTV Profit reported, citing a letter sent by the industry body to the Finance, Commerce, and Heavy Industries Ministries.

FADA has requested to prepone the GST Council meeting, which is currently set for September 3 and 4.

New opportunities in the Fast-Moving Consumer Durables (FMCD) sector are emerging beyond metros, with tier-II cities accounting for 22 per cent of total FMCD job postings, according to a report on Monday.

The report by CIEL HR showed the emergence of new consumer markets beyond metro hubs.

It also demonstrated consistent hiring momentum, with a cumulative 30 per cent increase from May 2023 to May 2025.

“This shift is driven by rising consumer interest in white goods such as cooling appliances, inverters, and home electronics across non-metro markets. The trend signals both geographic diversification of hiring and the emergence of new consumer markets beyond metro hubs,” the report said.

The Real Estate Investment Trust (REIT) market in India has been witnessing significant resilience and growth, marked by expanding portfolios, stable occupancy, and healthy Weighted Average Lease Expiry (WALE) levels, signalling strong fundamentals and investor confidence, according to a new report released on Monday.

REITs are investment instruments that allow investors, both individual and institutional, to participate in the real estate sector, without directly owning properties.

The real estate sector’s strong fundamentals, urbanization trends, sustained corporate leasing demand, and supportive regulation has been contributing to continued growth in the segment. Moreover, the spurt in investor interest amid growing confidence in yield-generating assets is leading to a good growth in volumes of REITs, said the report by ICRA Analytics.