Chris Gayle invests in gaming company IONA Entertainment

July 14: Swashbuckling West Indian opening batsman Chris Gayle has invested an undisclosed amount in IONA Entertainment to bring one-stop entertainment to Indian sports fans, which includes state-of-the-art virtual gaming.

GVK completes sale of residual stake in BIAL

July 14: GVK Power and Infrastructure has completed the sale of its residual 10% stake in Bangalore International Airport Limited (BIAL)

Relief to students: Centre says no GST on hostel fees

July 14: Services extended by educational institutions to students and staff are fully exempt from GST, the government said on Thursday.

TCS Q1 net profit drops 5.9% to Rs 5,945 crore

July 14: Software services major Tata Consultancy Services (TCS) reported a 5.9% decline in net profit for the quarter ended June 30, 2017

Deshpande for pvt participation in R&D

July 14: Large and Medium Industries Minister R V Deshpande on Thursday called for more participation of the private sector companies in the Research and Development (R&D) processes.

Infosys beat market expectations clocks net of Rs 3,483 cr

July 14: Beating the market expectations Bengaluru-based, IT giant Infosys has clocked net profit of Rs 3,483 crore for the quarter ended June 30, 2017

Nifty hits 9,900 mark, Sensex at new high post Infy results

July 14: The benchmark Nifty today raced past the 9,900 milestone for the first time and the Sensex climbed yet another peak 32,110 as Infosys maintained its 2017-18 revenue growth guidance.

No GST on aircraft import, parts on lease

July 10: The government has exempted the import of aircraft, aircraft engines and its parts procured on lease from the purview of the GST.

India to join new global forex committee

July 10: India will soon get a seat on the Global Foreign Exchange Committee (GFXC) — a forum of central bankers and experts working towards promotion of a robust and transparent forex market.

Sensex makes a big start, hits all-time peak at 31,595

July 10: The benchmark Sensex today soared 235 points to hit an all-time high of 31,595 after quarterly corporate earnings optimism gave domestic institutional and retail investors much hope to go in for fresh bets.

No more non-veg meals for Air India’s domestic fliers in economy class

July 10: Air India has stopped serving non-vegetarian meals in economy-class of its domestic flights citing wastage and to improve catering service.

Car, passenger vehicles sales drop 11% in June

July 10: Domestic passenger vehicle sales declined by 11.21 per cent to 198,399 units in June from 223,454 units in the same month last year.

Auto majors announce price cuts post GST

July 7: Auto companies continue to announce price cuts due to the implementation of the GST.

Govt to use GSTN data to assess employment

July 7: Amid lack of employment data and survey reports, the government is planning to mobilise employment figures through the data repository with the Goods and Services Tax Network (GSTN).

IPO financing to see good traction in FY’18

July 7: Helped by robust capital markets, IPO financing is likely to witness healthy traction in the current fiscal year

SEZs exempt from integrated GST

July 7: Providing relief to SEZs, the government has exempted goods imported by units or developers of special economic zones from integrated goods and services tax (IGST).

Amazon invests Rs 2,000 crore to consolidate India business

July 7: Global e-tailing giant Amazon has invested over Rs 2,000 crore (over $ 310 million) in India, in the last two months as it looks to consolidate its position in the country and fend off local rivals like Flipkart.

IndiGo interested in AI’s global operations

July 7: No-frills carrier IndiGo on Thursday ruled out acquiring stakes in Air India, in a joint venture with the government, while making it clear that it is interested only in the national carrier’s international operations.

Infosys to create 2,000 tech jobs in North Carolina

July 7: IT giant Infosys on Thursday announced that it will open its next Technology and Innovation Hub in North Carolina, and plans to hire 2,000 American workers in the state by 2021.

Govt to issue gold bonds from Jul 28

July 7: The government will issue yet another tranche of sovereign gold bonds from July 28, applications for which have been invited from July 10.

IT sector unlikely to show recovery in Q1 results

July 7: The recovery in growth momentum for the Indian IT companies seems to be far away due to the delay in the much anticipated deregulation and the tax rate reforms in the US.

Sensex slips from record; FMCG, banking weigh

July 7: Market today moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas.

World Bank clears $250-mn loan to train India’s job seekers

June 27: The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India mission.

Reliance Industries to raise Rs 25k crore

June 27: Reliance Industries has sought shareholders’ nod to raise Rs 25,000 crore through issuance of debentures on private placement basis to meet ongoing capital expenditures and general corporate needs.

Credit growth hits all-time low in FY17

June 27: The record low bank credit growth of 5.1% in FY17 was led by the top 1,000 listed corporates, which saw their net loan outstanding decline by a whopping Rs 1 lakh crore in the reporting year, said a report.

GM starts shipping Beat to Latin America

June 27: General Motors India on Monday announced that it has begun regular shipment of the sedan version of the Chevrolet Beat from its Talegaon export hub to markets in Latin America.

FinMin for extending RBI deadline on Basel III norms

June 27: The finance ministry has made a case for pushing back the Reserve Bank’s deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans which have reached unacceptable levels.

Foodgrain may not be cheaper under GST

June 27: Will foodgrain and pulses really become cheap after the GST? The fine print is different from what is being made to believe.

GST impact: AC, first class train fares to go up marginally

June 27: With the Goods and Services Tax (GST) coming into effect from July 1, train passengers will have to pay a bit more to travel AC and first class.

No GST registration for small biz selling on ecomm platform

June 27: In a move that cheered ecommerce players like Flipkart, Amazon and others, the government onMonday exempted small businesses selling on ecommerce platforms from registration under the GST network till further orders.

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