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Big relief for small industry: GST Council slashes rates on 66 items

The Finance Ministry tweeted on Sunday that it received representations for about 133 items from industry, of which rates were reduced on 66 items.

Jun 11, 2017

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Gold is cold: GST might tarnish profits of the jewellery sector, fear jewellers

Apex bullion dealers body India Bullion and Jewellers Association (IBJA) has said that the GST structure will block 87 per cent working capital to the industry.

Jun 11, 2017

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Tendulkar-backed startup Smartron ties up with Eros

Smartron widens its repository of movies, television shows, music, originals and regional content. Its smartphones will come with the Eros Now app preloaded.

Jun 11, 2017

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HDFC Bank, ICICI Bank shares gain, Axis Bank falls in one month

Unlike HDFC Bank and ICICI Bank that declared robust Q4 results, Axis Bank reported a fall in net profit.

Jun 10, 2017

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Titan's valuation rises Rs 4,600 cr on reasonable GST rate for gold

Titan, a Tata Group company, retails jewellery under Tanishq brand and gained from the GST Council fixing 3 percent tax rate on gold and other jewellery.

Jun 10, 2017

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Jaguar Land Rover volume sales rise in May; watch video of top 10 expensive cars

Jaguar Land Rover (JLR), the luxury vehicle arm of Tata Motors, sold 45,487 units in May; brokerage has a "buy" on the company.

Jun 10, 2017

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Farm loan waivers are necessary, but not a solution: MS Swaminathan

Three states have waived farm loans so far – Uttar Pradesh, Telangana and most recently, Maharashtra. But protests have been raging in Madhya Pradesh and Tamil Nadu over similar demands.

Jun 10, 2017

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State Bank of India raises Rs 15,000 crore via Qualified Institutional Placement

The bank would issue a total of around 52.2 crore fresh equity shares.

Jun 9, 2017

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IndusInd Bank raises $225 million from OPIC to drive MSME lending

At least 25 percent of the proposed facility will support women entrepreneurs and reach previously unbanked populations.

Jun 9, 2017

Promoter principle: Swearing by staying power

Infosys shareholders have an abiding faith in promoter competence. Friday's crash said so.

Jun 9, 2017

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FTSE soars on sterling weakness, shock vote result hits house-builders

Sterling fell as much as 2.4 percent, providing a boost to the internationally-focused, exporter-heavy blue chip index.

Jun 9, 2017

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Infosys, Wipro investors bear the brunt of media speculation over stake sale, downgrade hits TCS

Share prices of Infosys and Wipro have dropped on account of stake sale rumours while TCS is down due to downgrade by Nomura.

Jun 9, 2017

Infosys shares fall on media report of stake sale by founders

Shares of the software company fell as much as 3.5 percent to their lowest since May 5.

Jun 9, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017

Conservatives lose overall majority as UK election results in hung parliament

British Prime Minister Theresa May has suffered an embarrassing setback as her Conservative Party has lost their overall majority off the back of a close general election, resulting in a hung parliament. Whilst the Conservatives hold the most seats, they do not have enough to establish outright control.

Jun 9, 2017