Economy News

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt.

Jul 6, 2017

Horrifying video shows how cancer spreads through the body of mice

Scientists in Japan have developed a technique that allows them to watch cancer spread around the body of mice. Understanding how and why this happens is important to finding ways to stop the spread, and could be used to look at the pathways of other diseases.

Jul 6, 2017

New housing projects hit a 7-year low in Jan-June this year: Knight Frank

The first six months of 2017 saw launches by real estate developers fall 41 percent, YoY, also the lowest half-yearly sales in five years.

Jul 6, 2017

Govt to conduct GST masterclasses for traders, companies and officials

The Twitter handle for GST — @askGST_GoI — helps in keeping stakeholders updated on the indirect tax regime.

Jul 6, 2017

Welcome to Hell: 1,000 zombies protest on the streets of Hamburg, Germany

A thousand zombies staged a performance protest in Hamburg on July 5, ahead of the G20 summit, to highlight what they feel the summit should be focused on. The 1000 Gestalten activist group gathered 1,000 people for the silent, eerie protest.The group dressed the zombies in grey from head to toe and for several days ahead of the beginning of the G20 summit, on July 7, the protesters have been popping up in small groups across the city. Their performance piece culminated in a large gathering on July 5, when organizers said 1,000 of them walked slowly through the city. The group says they have staged the protest because they want the G20 to stand for a more open, egalitarian society, rather than power in the hands of the few.

Jul 6, 2017

India, Israel seek to boost trade, investment

Trade between India and Israel stands at $4.16 billion, around $300 million in favour of Israel.

Jul 6, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

Bosch says demand for driver assistance systems taking off

Bosch developed the electric powertrain and steering for Google's prototype autonomous vehicle and is a supplier of driver assistance systems to Tesla.

Jul 4, 2017

Expensive digs: Post GST, luxury will come at a cost

Luxury apartments will be more expensive under the GST regime, but a developer will be eligible to avail of full credits on procurements upto the fresh tax liability.

Jul 4, 2017

Black glitter: Gold tax hike under GST could boost illegal bullion, sales of jewellery

3% GST hike can spur blackmarketing and compel customers to purchase from small jewellers without taking receipts.

Jul 4, 2017

GST: Gamechangers that can swing fortunes for India Inc, consumers, investors

There are many key takeaways for companies but the informal sector is expected to take a hit; here is how the dynamics matter for investors and consumers.

Jul 4, 2017

Foreign investments into Indian equity and debt rise six-fold in June quarter

In comparison to $1.6 billion inflows in the June quarter last year, it rose to $12.2 billion for the three-month period this year.

Jul 4, 2017

7th Pay Commission: 6.50 lakh Madhya Pradesh govt employees to get salary hike

The salary hike, in accordance with the 7th Pay Commission recommendations, will be applicable from January 1 2016 and the arrears will be paid over three financial years.

Jul 4, 2017

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so.

Jul 3, 2017

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet.

Jul 3, 2017