Business

Higher refining margins and Jio help RIL post record profit

Friday, January 19, 2018


TweetBoosted by record earnings from petrochemical business and telecom unit Reliance Jio the Reliance Industries Ltd on Friday reported its highest quarterly net profit of INR 9,423 crore. Consolidated net profit of Rs9,423 crore, or Rs16 per share, in the December quarter was 25.1% higher than Rs7,533 crore, or Rs12.80 a share, in the same […]


What all items got cheaper? Here is the complete list of items with new GST rates

Friday, January 19, 2018


TweetThe GST Council had the 25th meeting on Thursday where it approved rate cuts on 49 items including zero percent on 29 handicrafts products. The big step was taken with an aim on easy return filing process. The change in rates will be applicable from 25 January. Here is the list of the finalised goods: […]


GST Rate reduced for almost 29 goods, 53 categories of services

Thursday, January 18, 2018


TweetFinance Minister Arun Jaitley today declared tax cut on 29 goods and 53 categories of services that is approved by the GST Council. Jaitley, who heads the powerful GST Council, announced that the new rates will be effective from January 25. A 25th meeting was organized today by the Council that considered simplification of the […]


Centre to deregister 1.2L companies to curb black money

Thursday, January 18, 2018


TweetNew Delhi: In a bid to curb the black money menace, the government announced its decision to strike off the names of 1.2 lakh more companies from the official records for various non-compliances. The decision comes in the backdrop of a review meeting of the action taken with respect to de-registered firms last week. As […]


Thumbs up for the stock market

Wednesday, January 17, 2018


TweetOn Wednesday, the market extended the rally in the afternoon trade, since the BSE Sensex hit 266.34 points high at 35,037.39 and the 50-share NSE Nifty rallied 73.0 points to 10,773.50. The Nifty Index today hit all-time fresh highs of 26,150.05, fundamentally driven by PSU banks following government’s reduction condition of supplementary borrowing for the […]


Sensex at all-time high; hits 35,000 mark for the first time in history

Wednesday, January 17, 2018


TweetNew Delhi: The market on Wednesday extended the rally in the afternoon trade, as the BSE Sensex hit 266.34 points high at 35,037.39 and the 50-share NSE Nifty rallied 73.0 points to 10,773.50. The Nifty Bank hit all-time fresh highs of 26,150.05, largely driven by PSU banks after government reduced requirement of additional borrowing for […]


Now under GST, stamp duty also on property

Wednesday, January 17, 2018


TweetStamp duty on property before registration might come under the ambit of the Goods and Services Tax regime, sources have disclosed. This was revealed on Tuesday, two days ahead of the last GST Council meeting before the Union Budget. “Discussion of real estate inclusion in GST is the key agenda of the GST Council which […]


Escape Token aims to create Global Decentralized Quests’ Aggregator

Tuesday, January 16, 2018


TweetEscape games booking service powered by blockchain technology announces its Escape Token Sale to boost the blooming quests’ global industry with innovative VR-baked user experience. Escape games booking service (www.escapetoken.com) announced its initiative to deploy world’s first decentralized quests’ aggregator with online booking and payment system. Escape will develop a secure marketplace based on smart […]


India’s export volume witnesses 12.36% hike in Dec 2017

Tuesday, January 16, 2018


TweetNew Delhi: Exports during December 2017 exhibited 12.36 percent surge in dollar terms compared to the same period last year, thus continuing its positive trajectory since August 2016. As per foreign trade data released by the Ministry of Commerce and Industry, exports in December 2017 were valued at Rs. 173648.73 crores as compared to Rs. […]


Delhi Duty Free leads the way to Home Currency Pricing

Monday, January 15, 2018


TweetNew Delhi: Hailing the directive from Central Board of Customs and Excise (CBEC) for Duty-Free Retailers to display prices in Indian Rupees (INR); India’s largest Travel retailer – Delhi Duty-Free is the first retailer to migrate to INR pricing and billing. With this change, all product prices will be displayed in INR and billing will […]


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