Business

’India ready for GST, anti-profiteering rules soon’

June 17: India is ready to launch the Goods and Services Tax (GST) on July 1, the official steering the process told Reuters, saying the technology that will drive it is robust and dismissing fears the tax is too complicated.

Electronic, software product policies to be launched soon

June 17: The Centre on Friday said it will unveil two separate policies for the electronics sector and software products soon to boost sector growth.

Hero plans Rs 2,500 cr expansion

June 17: India’s largest two-wheeler manufacturer Hero MotoCorp has envisaged an investment of Rs 2,500 crore in a bid to boost manufacturing, and increase market share.

Tigerair, Scoot look for farther Indian skies

June 17: Tigerair and Scoot, the no-frills subsidiaries of Singapore Airlines that will merge by July-end, are looking at expanding footprint in India by tapping international travellers from tier II cities and secondary markets in the country.

Prasad dismisses large-scale IT layoff reports as ’motivated’

June 17: Dismissing the reports of large scale job losses in the Indian IT sector, Union IT Minister Ravi Shankar Prasad on Friday said these complaints are “motivated”.

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Petrol price cut by Rs 1.12 a litre, diesel by Rs 1.24/litre

June 16: Petrol price was today cut by Rs 1.12 per litre and diesel by Rs 1.24 per litre, the last of the fortnightly revisions after which daily correction in rates in step with cost will be implemented.

Exports grow 8.32% in May; trade deficit hits 30-month high

June 16: The country’s exports rose by 8.32 per cent to USD 24 billion in May, even as the trade deficit shot up to nearly 30-month high of USD 13.84 billion, mainly due to increase in gold imports.

Fitch affirms NTPC at BBB- ; outlook stable

June 16: Fitch Ratings has affirmed NTPC’s long-term foreign and local-currency issuer default ratings at BBB- with a stable outlook.

Tesla in talks with govt, seeks duty cut

June 16: The US-based electric car major Tesla is in discussion with the Centre seeking relief on import duties till a local factory is built here, according to the company’s CEO Elon Musk.

India infra fund gets $150 m AIIB loan

June 16: China-led Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund, the bank’s first such loan to fund private projects, a statement said on Thursday.

We are prepared for GST from July 1: Civil Aviation MoS Sinha

June 16: “We are prepared for GST from July 1,” Minister of State for Civil Aviation Jayant Sinha said on Friday even as the ministry has sought deferment of the new tax regime.

Sensex bounces 107 pts on exports growth, Nifty above 9,600

June 16: The BSE Sensex rebounded 107 points and the NSE Nifty reclaimed the 9,600-mark today, propelled by the exports growth in May amid mixed Asian cues.

Petrol and diesel prices set to change daily, here’s how to keep track

June 16: The BPCL has initiated the process of changing petrol and diesel prices on a daily basis as of today, claiming that the move will bring transparency to the fuel supply chain as the prices of fuel will shift on a daily basis.

Singapore Airlines subsidiaries look to expand India presence

June 16: Tigerair and Scoot, the no-frills subsidiaries of Singapore Airlines that will merge by July-end, are looking at expanding its footprints in India by tapping international travellers from Tier-2 cities and secondary markets in the country.

RBI net purchaser of dollar in April; buys USD 566 mn

Business 13: The Reserve Bank continued to remain net buyer of the US currency in April after it bought USD 566 million from the spot market.

’18% GST on sub-Rs 100 movie tickets won’t help industry’

June 13: The GST rate of 18 per cent tax on cinema tickets below Rs 100 under is too little a relief and this is not enough to spur growth, according to multiplex operators.

SpiceJet to launch flights under UDAN scheme from July 10

June 13: No-frills carrier SpiceJet on Monday announced the launch of its UDAN routes connecting Mumbai with Porbander and Kandla from July 10.

Inflation at record low of 2.18%; factory output slows to 3.1%

June 13: India’s retail inflation fell to a five-year low at 2.18% in May, backed by deflation in food and vegetable prices, and industrial production output slowed to 3.1% year-on-year in April due to manufacturing.

Reliance General plans IPO in FY18

June 13: Reliance General Insurance Company (RGI), a 100% subsidiary of Reliance Capital, has approved a proposal to independently list the company on stock exchanges.

PSB stressed assets at Rs 7.4 L cr

June 13: As the total stressed assets of public sector banks zoomed to Rs 7.40 lakh crore in 2016-17 from Rs 6.99 lakh crore in the previous year

Paytm Mall plans to be a pure-play marketplace

June 13: Paytm Mall, the ecommerce platform of One97 Communications, will be a pure-play marketplace where sellers and logistics companies hold the major say. It will not set up its own warehouses, which are capital intensive.

Flipkart closes global sourcing platform for Indian sellers

June 13: As part of its plans of focusing on core business, ecommerce marketplace Flipkart on Monday decided to shut down global sourcing platform for sellers called Flipkart Global.

Apple, Dell join bid for Toshiba’s chip biz

June 13: Apple and computing giant Dell will join a Foxconn-led consortium bidding for Toshiba Corp’s highly prized chip unit, the CEO of the world’s largest contract electronics manufacturer said on Monday.

QIP credit positive for SBI, says Moody’s

June 13: The Rs 15,000 crore fund-raising by the country’s largest lender SBI is credit positive for the bank andwill eliminate its dependence on capital infusion from the government, Moody’s said on Monday.

SBI cuts interest rate on home loans twice in two months

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for...

Trump’s policies could have adverse impact on business: Wipro

IT major Wipro Ltd has listed US President Donald Trump’s policies as a risk factor that could impact....

New Hyundai Xcent 1.2L diesel review: A compact sedan with a much-needed makeover

It’s all about packaging these days; not just about what you sell, but how you sell it. In its latest avatar, the Hyundai Xcent focus...

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