Economy News

Govt's big corporate tax cut unlikely to spur job bonanza

While the tax rate cut brings the cost of doing business in India into line with its main Asian rivals, the government giveaway will do little to fix the lack of spending power, economists say.

Sep 26, 2019

Modi govt plans another round of PSU stake sale to recover loss from tax bonanza

Centre may also opt for using buffer, which means a slight deviation from the target, and then close the deficit again once the economy is back on a high growth track.

Sep 24, 2019

How corporate tax cut will boost smartphone manufacturing in India

India slashed its headline corporate tax rate to 22% from 30% on Friday in a surprise gambit aimed at wooing manufacturers and boosting investment.

Sep 24, 2019

India's strategic drive for LNG source diversification gets a boost with US deal

Petronet LNG will invest $2.5 billion in Tellurian Petronet's Louisiana project under proposed tie-up concluded in the presence of Prime Minister Narendra Modi

Sep 23, 2019

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Prolonged Brexit uncertainty is to partly blame for the failure of the world's oldest travel group to raise enough cash to service debt leading to bankruptcy.

Sep 23, 2019

Corporate tax rate cuts will not lead to a slash in spending, says FM Sitharaman

India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low.

Sep 23, 2019

Will Sitharaman's tax tweak snare capital fleeing China over US trade war?

Finance Minister Nirmala Sitharaman's sweeping reforms slashing corporate tax rates to bring them at par with most South Asian and Southeast Asian nations are expected to trap investments headed even to low-tax destinations like Bangladesh and Vietnam.

Sep 21, 2019

FM Sitharaman announces steps to boost liquidity, demand

Pre-Diwali bonanza for India Inc? Govt announces bold reforms to kick start the economy

Finance Minister Nirmala Sitharaman exhibited boldness while announcing the decisions and instead of being nervous about the revenue shortfalls, she conveyed a clear message that growth is now the topmost priority.

Sep 21, 2019

37th GST Council meeting: Rate on hotel tariffs cut, caffeinated drinks get costlier

The key sectors which would benefit from GST rate cuts are hotels, gems and jewellery, defence and automobiles.

Sep 21, 2019

India cuts corporate tax rate to 25% in bid to revive growth; here's what experts say

Finance Minister Nirmala Sitharaman told a news conference that the effective corporate tax rate will be lowered to around 25% from 30%, which she said would be on par with Asian peers.

Sep 20, 2019

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

Nirmala Sitharaman slashes corporate tax rates in big boost to flagging economy

Nirmala Sitharaman said the new effective tax rate will be reduced from 30 percent to 25.17 percent, inclusive of all surcharges and cess.

Sep 20, 2019

State Bank of India q4 net profit loans advances npas rbi aqr

Banking nightmare next week? PSBs will be shut for 5 days effectively

Country's biggest lender, the State Bank of India said that the banking operations are likely to be affected if the unions go ahead with the strike.

Sep 19, 2019

Maruti chairman joins Sitharaman in blaming millennials for slowdown in auto sector

Maruti chairman Bhargava thinks Sitharaman's view that millennials' dependence on Uber, Ola may be contributing to auto sector slowdown is correct

Sep 19, 2019

Nirmala Sitharaman and Kiran Mazumdar Shaw get into spat on Twitter over e-cigarette ban

Biocon chief Kiran Mazumdar Shaw wondered why the ban on e-cigarettes was made by the Union Cabinet and not by the Health Minister.

Sep 19, 2019

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Economy News

Govt's big corporate tax cut unlikely to spur job bonanza

Modi govt plans another round of PSU stake sale to recover loss from tax bonanza

How corporate tax cut will boost smartphone manufacturing in India

India's strategic drive for LNG source diversification gets a boost with US deal

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Corporate tax rate cuts will not lead to a slash in spending, says FM Sitharaman

Will Sitharaman's tax tweak snare capital fleeing China over US trade war?

Pre-Diwali bonanza for India Inc? Govt announces bold reforms to kick start the economy

37th GST Council meeting: Rate on hotel tariffs cut, caffeinated drinks get costlier

India cuts corporate tax rate to 25% in bid to revive growth; here's what experts say

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Nirmala Sitharaman slashes corporate tax rates in big boost to flagging economy

Banking nightmare next week? PSBs will be shut for 5 days effectively

Maruti chairman joins Sitharaman in blaming millennials for slowdown in auto sector

Nirmala Sitharaman and Kiran Mazumdar Shaw get into spat on Twitter over e-cigarette ban

Fact Check: Truth behind Waheeda Rehman's viral video grooving to "Aaj phir jeene ki"? Simi Garewal spills the beans

Cauvery dispute breaches film industry in B'luru; Tamil actor Siddharth's promotions halted abruptly [watch]

'Cringe couple': Alia Bhatt kisses 'baby' Ranbir Kapoor; shares candid close-up pictures on his birthday [reactions]

After two flops, can Rashmika Mandanna deliver her first Bollywood hit with Animal [details]

Aaradhya Bachchan's school fees raise eyebrows; this is how much Bachchans pay [details]