Business

HAL sales soar to Rs 17,406 cr in FY 2017

April 3: State-run aerospace behemoth Hindustan Aeronautics (HAL) on Saturday posted highest ever sales of Rs 17,406 crore for the fiscal 2017, registering 4% annual growth from Rs 16,736 crore in the previous fiscal.

SBI takes seamless measures for smooth merger of associate banks

April 3: State Bank of India (SBI) is taking all measures to ensure that customers of five of its associate banks which are being merged with the parent organisation will face minimum hassles due to the merger process.

Unmet investment need amounts to Rs 43 lakh cr: FM

April 3: India has a huge unmet need for investment in infrastructure, estimated to the tune of Rs 43 lakh crore (about $646 billion) over the next five years, Finance Minister Arun Jaitley on Saturday said.

Education, healthcare to be out of GST

April 3: Education, healthcare and pilgrimages will continue to be out of service tax net even under the GSTregime as the Centre is against giving any shock in the first year of the rollout by bringing in new services.

GST will be implemented from July 1: Meghwal 

April 3: Union Minister of State for Finance Arjum Ram Meghwal today expressed confidence that the historic tax reform Goods and Services Tax (GST) will roll out from July 1.

Infy shareholders approve new AoA, pay hike of COO Pravin Rao

April 3: Infosys today said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing in provisions for buyback of shares and appointment of independent directors.

Narayana Murthy slams Infy COO pay rise, blames poor governance

April 3: Infosys co-founder N R Narayana Murthy has accused the company of poor governance standards and expressed unhappiness over the compensation hike to Chief Operating Officer (COO) U B Pravin Rao.

Want lower cost to income ratio for merged entity: SBI

April 3: With the merger of associate banks now formal, State Bank of India (SBI) is now aiming to bring down the cost to income ratio of the merged entity.

Toyota places greater focus on hybrid future in India

April 1: Toyota Kirloskar Motor (TKM) has embarked on a robust hybridisation route in India, with plans to integrate newer segments of cars with hybrid technology and introduce them in the market.

Eight core sector growth slows down to 1% in Feb

April 1: The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery products, fertilisers and cement.

India to grow at 7.7 pc in 2018; EMs face newer challenges: Jaitley

April 1: Emerging markets face newer challenges in the form of inward looking policies of protectionism and increased geopolitical tension, Finance Minister Arun Jaitley said today as he pegged India’s GDP growth at 7.7 per cent in 2018.

Trump set for action on trade gaps with China,India and others.

President Donald Trump is set to sign executive orders instructing his administration to examine the cause of trade imbalances with over 15 countries, including China and India............

Snapdeal’s boardroom battle among investors hits its funding.

A rift between investors on the board of directors of online marketplace Snapdeal has led to the company missing out on at least two desperately needed funding offers.............

VW reaches $ 157 million diesel settlement with 10 US states.

German automaker Volkswagen AG said today it reached a settlement with 10 US states on environmental and consumer claims stemming from its emissions cheating scandal...........

India, Korea to cooperate on startups, tech transfer.

India and South Korea today agreed to deepen cooperation among their small and medium enterprises through technology transfer, joint ventures, business alliances...........

Sensex eases as April series sees shaky start

The BSE Sensex fell about 73 points to trade at 29,575 in early trade of the last session of 2016-17 as the April derivatives series started on a negative note amid a mixed trend in the global market......

Hotels, restaurants and tourism may face staff shortages

The hospitality sector has warned it faces a shortfall of 60,000 workers a year if immigration from the European Union is too tightly controlled.......

GSK’s Emma Walmsley steps into Andrew Witty’s shoes

Emma Walmsley, who has described herself as "extremely competitive", will become the most powerful woman in British business, as she steps in as boss of the UK’s fifth largest company.......

Nifty ends at record high, Sensex rises 116 pts on GST push

March 31: Benchmark Nifty closed at an all-time high of 9,173.75 while the Sensex rose for the third straight session today on optimism surrounding the GST amid expiry of derivatives contracts.

Discounts galore as two-wheeler firms offload BS-III models

March 31: Two-wheeler majors Hero MotoCorp, HMSI, Bajaj Auto and Suzuki Motorcycle are offering discounts of up to Rs 22,000 on BS-III models to liquidate stocks

Govt clears proposal worth Rs 8,000 cr for acquiring 32 ALHs:HAL

March 31: The government has cleared a proposal worth around Rs 8,000 crore for acquiring Hindustan Aeronautics Limited’s 32 Advanced Light Helicopter Dhruv

No special treatment for Voda-Idea merger: Minister

March 31: There will be no special treatment for Vodafone India and Idea Cellular, and both companies will have to comply with existing norms on spectrum, subscriber and revenue caps, Telecom Minister Manoj Sinha said on Thursday.

Purvankara announces debt reduction worth Rs 450 cr

March 31: Realty firm Puravankara has announced the debt reduction of Rs 450 crore to strengthen the firms capital structure.

B’luru has 2nd most philanthropists in India

March 31: Bengaluru is the second city in the country to have the highest number of philanthropists who spend more money, compared with New Delhi, states the fourth Harun India Philanthropy List 2016.

Govt to roll out GST on July 1

March 31: Seventeen years after the idea was mooted by the BJP government led by the then Prime Minister Atal Behari Vajpayee

Two-wheeler cos need more time to sell BS III inventory

March 31: The Supreme Court order to ban the sale of BS III vehicles from April 1, 2017, has become a challenge as automakers, especially two-wheeler companies, are scrambling to liquidate existing stocks before the said deadline.

Zensar acquires Keystone Logic in all cash deal

March 31: IT company Zensar Technologies on Thursday announced acquisition of Bengaluru-based Keystone Logic, which provides retail and supply chain automation technology, in an all-cash deal.

Micromax takes on Chinese assault, launches premium phone, plans IPO.

Rahul Sharma was in dilemma – whether to jump into the battle against Chinese phonemakers, or to withdraw from it. Sharma is the co-founder of Micromax, the largest Indian handset maker.................

India inches closer to July rollout of tax reform as LS passes 4 GST bills.

The proposed goods and services tax (GST) moved a step closer to reality on Wednesday with the Lok Sabha approving four bills that will subsume a profusion of central, state indirect taxes and help............

BS-III vehicles ban: Automakers scramble to clear inventory before April 1.

Indian automobile makers are in a race against time to clear inventory. That’s because the Supreme Court on Wednesday banned the sale of vehicles not compliant with Bharat Stage IV (BS IV) emission.............

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