Business news

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Govt likely to lower GST rate for small business, is this an election strategy?

The ministerial panel recommended a new tax rate under the composition scheme would be 1 percent for traders, manufacturers and restaurants, which previously stood at 1 percent, 2 percent and 5 percent, respectively.

Oct 30, 2017

GST network: 18 of 27 glitches fixed, Infosys to expand team to put GSTN on track

The IT company, in it its meeting with the GoM on October 25, told the group that it would step up its 100-member team to speed up the bug fixing exercise.

Oct 29, 2017

Maruti Suzuki says it will have to move to electric cars

India is working on a new auto policy that promotes the use of electric cars, and a draft is likely to be made public before the end of the year.

Oct 29, 2017

After CFO Anup Vikal, Snapdeal set to lose top executive Rajiv Mangla; CTO to leave by December 15

Mangla, who had previously worked in Adobe, joined Snapdeal in August 2015 and is known to have kept the company afloat during tough times shouldering strategic and operational responsibilities.

Oct 28, 2017

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ICICI Bank Q2 net profit belies estimates, falls 34% to Rs 2,058 crore

The bank missed analysts' estimates as its standalone net profit dropped to Rs 2,058 crore in the quarter September from Rs 3,102 crore in the same quarter last year.

Oct 27, 2017

Indians again top the chart of foreign investors in Dubai property

The data shows a significant jump of Rs 12,000 crore from 2014, when the department recorded Indian buyers investing Rs 30,000 crore that year.

Oct 27, 2017

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Yes Bank slips 10% as bad loans spike: What to expect?

Gross non-performing assets (NPAs), which are percentage of gross advances doubled from 0.97 percent in the June quarter to 1.82 percent in the September quarter of the current financial year.

Oct 27, 2017

Vedanta, Adani show interest in bidding for Rs 58,500 crore diamond mine in Madhya Pradesh

The mine has an estimated deposit of 32 million carats of diamonds, and the Madhya Pradesh government is likely to invite bids to explore it in the first week of November.

Oct 27, 2017

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No more hefty severance pay as Infosys standardises package to 4 months of fixed salary

Infosys has regulated the severance amount that it would pay to any senior employee and now senior vice presidents and executive vice presidents will receive four months fixed salary as severance pay.

Oct 27, 2017