The business wrap: Petrol pumps threaten to shut on Sundays from May 14, and six other top stories
Other headlines: Newly incorporated companies will now get PAN, TAN in a day, and Google claimed there is no gender-based pay gap in the company.
A look at the headlines in this sector right now:
- Petrol pumps to remain shut on Sundays from May 14 unless Centre meets dealers’ demands: A consortium of 53,000 fuel bunk operators is also considering cutting back working hours to a one-time shift of eight to nine hours.
- Newly incorporated companies will get PAN, TAN within a day: The Central Board of Direct Taxes has tied up with the Ministry of Corporate Affairs to promote ease of doing business.
- There is no pay gap at Google, says company ‘surprised by US government’s accusation’: The allegations made by the US Office of Federal Contract Compliance Programs came without any supporting data or methodology, they said.
- Supreme Court stops Tata and Adani Power from charging more for power in five states: The companies had wanted to increase tariffs after Indonesia, from where they source coal, changed its export laws in 2010.
- Lok Sabha passes amendments to Motor Vehicles Act that includes heavy fines for traffic violators: Road Transport Minister Nitin Gadkari said the Bill seeks to save lives, crack down on fake driving licences and bring in transparency to the sector.
- Shares of D-Mart’s parent company Avenue Supermarts cross Rs 50,000-crore mark on Monday: D-Mart has now become the world’s most expensive brick-and-mortar retailer, The Economic Times reported.
- Government to issue instructions to hotels, restaurants about food portions to stop wastage: The cap will be applicable for ‘standard hotels’ only, and not dhabas that ‘usually serve thalis’.