Business

Agri Ministry data show record vegetable yield

The third estimate for 2016-17 puts the production at 300 million tonnes

GST

Real estate under GST will be discussed in November 9 meet, says Jaitley

The sector generates maximum amount of tax evasion, says the Finance Minister in Washington

Jio eats into rivals’ revenues

The advent of Reliance Jio has dramatically reduced the revenues of other telecom companies in Karnataka.

Ola raises $1.1 billion funds led by Tencent Holdings

Ride hailing app Ola on Wednesday said it has raised $1.1 billion in the latest funding round led by Tencent Holdings Limited. Ola’s existing investor SoftBank, in addition to other new US-based financial investors, have also participated in this round.

Facebook India MD Umang Bedi quits; Bhushan named interim head

 

Facebook India managing director Umang Bedi has stepped down from his position, according to a statement by the social networking giant.

Volvo rolls out 1st ’Made in India’ car

Sweden’s Volvo Cars officially embarked on Make in India on Tuesday, when it rolled out the first locally-assembled XC90 from its plant near Bengaluru.

Andhra Pradesh to get India’s first Hyperloop

Hyperloop will connect Amaravati and Vijayawada; estimated travel time to be 6 minutes.

Suzuki-Toshiba to set up lithium-ion battery plant in Gujarat

14th Sep 2017 10:45 pm Slated to be ready by 2020, Suzuki-Toshiba joint venture will manufacture lithium-ion battery packs for India as well as export markets.

GST

Honda Brio, Amaze, Jazz, City and BR-V get GST price cuts

3rd Jul 2017 6:55 pm Price cuts up to Rs 28,000 on City, Rs 12,300 on Brio, Rs 30,000 on BR-V, Rs 10,000 on Jazz and Rs 14,800 on Amaze.

Maruti to strengthen used car business

Maruti Suzuki has announced a revamp of its used car operation, True Value. As part of the overhaul, the carmaker will set up a network of digitally integrated, stand-alone True Value outlets for customers to view their options online as well.

 Suzuki Motorcycle to focus on premium bikes and scooters in India 

MUMBAI: The maker of Maruti Suzuki hopes to replicate its four-wheeler runaway success story in India in the two-wheeler segment by focusing on premium bikes/scooters.

Danfoss talks to Indian firms on hybrid car power 

NORDBORG: Danish company Danfoss A/S is looking at the Indian automobile sector in a major way and is in talks with some automobile makers for providing its solutions for hybrid cars, said a top official.

Rupee softens 13 paise against dollar to 65.27

The renewed strength of the dollar overseas weighed on the rupee, forex dealers said

‘Transition is to become a total beverages company’

We will continue to focus on consumer-centric portfolio‘

Air India receives bids worth more than reserve price for ten non-core assets

Sep 2: Air India has received bids worth more than their reserve price for ten non-core assets it has put for auction, officials said on Friday.

Maruti, Hyundai, Tata Motors, M&M PV sales up in August

Sep 2: Automobile manufacturers led by Maruti Suzuki posted robust passenger vehicles (PV) sales growth in August riding on strong consumer sentiment ahead of the festive season.

JioPhone delivery to start during Navratri, 6 mn units booked

Sep 2: Around 6 million units of JioPhone were booked within three days of its pre-booking that started on August 24, says a channel partner of Reliance Retail.

Seshasayee, Infy former board members slam NRN

Sep 2: In a fresh turn of events in the Infosys saga, the former board members of IT behemoth have lashed out at company’s co-founder N R Narayana Murthy.

Bosch to offer electrified solutions for Indian market

Sep 2: Bosch India will be offering its local customers the complete value chain of offerings with respect to electromobility

Vijaya Bank raises Rs 700 crore via QIP

Sep 2: Public sector lender Vijaya Bank has raised Rs 700 crore through an issue of Qualified Institutional Placement (QIP). The bank has allocated 11.10 crore shares.

Growth will return from Q2: Niti Aayog VC

Sep 2: Niti Aayog’s new Chairman Rajiv Kumar, who took over on Friday, said India’s GDP slowdown in the first quarter was a temporary phenomenon and growth is expected to return from the July-September period.

Eliminate tax pendency cases, PM tells officials

Sep 2: Prime Minister Narendra Modi on Friday asked tax officials to come up with an action plan to eliminate the huge pendency of tax cases in adjudication and appeal, in which a large sum of public money is locked.

Lexus restructures India operations

Sep 2: Japanese luxury carmaker Lexus on Friday announced a new restructured organisation in India, with an aim to further grow in the market.

Air India gets bids over reserve price

Sep 2: Flag carrier Air India has received bids worth more than its reserve price for 10 non-core assets it has put for auction, officials said on Friday.

Pay dues or allow others to take control of business: Jaitley to debtors

September 1: Finance Minister Arun Jaitley today put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business.

Finance Ministry notifies e-way bill rules

September 1: The finance ministry has notified the rules for an e-way bill which requires online pre-registration of goods before transportation under the new GST regime.

ISB inks pact with SAP India for startups

September 1: The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based start-ups in the social space, focusing on ventures which are working in areas that have relevance to national priorities.

Govt rules out new window to deposit scrapped notes

September 1: The finance ministry today ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes

Q1 GDP growth at 5.7% lowest in 3 yrs

September 1: India’s economic growth hit a three-year low at 5.7% in April-June quarter of the current fiscal, pulled down by poor performance of the manufacturing sector.

Centre extends deadline to link PAN with Aadhaar till Dec 31

September 1: The Income Tax Department announced that taxpayers will have to link PAN card with Aadhaar number by December 31.

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