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GST rate structure needs complete overhauling – Adhia

By   /  October 22, 2017  /  Business  /  Comments Off on GST rate structure needs complete overhauling – Adhia

New Delhi, Oct. 22 (PTI): With the new GST regime firmly entrenched, a complete overhaul of the tax rates is now required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said. In an interview to PTI, he said the Goods and Services Tax (GST), which amalgamates more than a […]

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RBI to empanel ad agencies for multi-media work

By   /  October 22, 2017  /  Business  /  Comments Off on RBI to empanel ad agencies for multi-media work

New Delhi, Oct. 22 (PTI): The Reserve Bank plans to empanel advertising agencies for carrying out activities ranging from regular tender notices to full-fledged multimedia, multi- language advertising across print and electronic media. The empanelled agencies would conceptualise, design and release advertisements in newspapers and commercials on television and radio, said the Request for Proposal […]

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Maruti becomes No. 1 exporter of personal vehicles from India, Hyundai 4th

By   /  October 22, 2017  /  Business  /  Comments Off on Maruti becomes No. 1 exporter of personal vehicles from India, Hyundai 4th

New Delhi, Oct. 22 (PTI): Maruti Suzuki India has become the largest passenger vehicles exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Motor India Ltd which has now been pushed to fourth spot behind Volkswagen and General Motors. In the April-September period this fiscal, Maruti Suzuki India (MSI) exported 57,300 […]

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Air India may renegotiate contracts with key vendors

By   /  October 22, 2017  /  Business  /  Comments Off on Air India may renegotiate contracts with key vendors

Mumbai, Oct. 22 (PTI): The loss-making Air India is likely to relook into some existing key contracts with its suppliers, including aircraft lessors and engine makers, as it seeks to trim costs ahead of stake sale by the government. Air India chief Rajiv Bansal, who has been working on ways to improve the airline’s on […]

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India’s Forex reserves up $1.5 bn, reclaim $400 bn mark

By   /  October 20, 2017  /  Business  /  Comments Off on India’s Forex reserves up $1.5 bn, reclaim $400 bn mark

Mumbai, Oct. 20 (IANS): India’s foreign exchange (Forex) reserves kitty increased by $1.50 billion as on October 13, 2017, official data showed on Friday. The Reserve Bank of India’s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves rose to $400.29 billion from $398.79 billion reported for the week ended October […]

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I-T dept launches ‘online chat’ to answer taxpayers queries

By   /  October 20, 2017  /  Business  /  Comments Off on I-T dept launches ‘online chat’ to answer taxpayers queries

New Delhi, Oct. 18 (PTI): The Income Tax Department has launched an ‘online chat’ service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues. A window has been hosted on the main page of the department’s website — www.incometaxindia.gov.in/ — with a prominent icon stating […]

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India sales volume growth improved after GST – Unilever

By   /  October 20, 2017  /  Business  /  Comments Off on India sales volume growth improved after GST – Unilever

Mumbai, Oct. 19 (IANS): Anglo-Dutch consumer goods multinational Unilever on Thursday said emerging markets sales drove the company’s growth in the third quarter of 2017, while it sees signs of improvement in India with higher demand-led growth helped by price cuts resulting from GST. “While conditions in our developed markets remain challenging, we are starting […]

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Satellite fields up for $1.5 bn input

By   /  October 19, 2017  /  Business  /  Comments Off on Satellite fields up for $1.5 bn input

New Delhi, Oct. 18 (PTI): Reliance Industries and its partner BP Plc will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. The RIL-BP combine had, on Monday, submitted to the Directorate General of Hydrocarbons a field development plan for what are known as satellite […]

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Gold sparkles on Diwali demand, tops INR 31,000

By   /  October 19, 2017  /  Business  /  Comments Off on Gold sparkles on Diwali demand, tops INR 31,000

New Delhi, Oct. 18 (PTI): Gold prices spurted by INR 290 to 3-week high of INR 31,000 per 10 grams on the eve of Diwali at the bullion market on Wednesday on increased buying by local jewellers to meet festive demand. A weak trend overseas however capped the gains. Silver held steady at INR 41,000 […]

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Jio unveils new Dhan Dhana Dhan tariff plans

By   /  October 19, 2017  /  Business  /  Comments Off on Jio unveils new Dhan Dhana Dhan tariff plans

New Delhi, Oct. 18 (IANS): Reliance Jio on Wednesday unveiled its new Dhan Dhana Dhan tariff plans that will be available from Oct 19 and will be applicable for all new as well as existing subscribers. With Jio’s new Rs 459 plan, Jio Prime members can avail unlimited services at 1GB high speed data per […]

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