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Economy

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GST: Govt dictating prices goes against ...

GST: Govt dictating prices goes against free-market spirit; will anti-profi...

In an interview  on Monday, revenue secretary, Hasmukh Adhia, gave out an explicit warning to companies planning to increase prices on products ahead of the launch of Goods and Services Tax (GST) on 1 July. Adhia, in his not-so-indirect threat, openly asked companies to hold back rate increases... read more »

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Heavy Bikes, Luxury Yachts, Private Jets...

Heavy Bikes, Luxury Yachts, Private Jets to Attract 31 Percent GST PTI

Srinagar: Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts. According to the rate structure finalised by the GST Council, all cars, buses, trucks and motorcycles including... read more »

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Strong U.S. job growth, rising wages set...

Strong U.S. job growth, rising wages set stage for Fed rate hike

WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. ... read more »

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Volkswagen pleads guilty in U.S. court i...

Volkswagen pleads guilty in U.S. court in diesel emissions scandal

DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal. ... read more »

More from Economy

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Lloyds, two others dismissed from yen Libor litigation in U.S

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many... read more »

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Crunch week as Fed meets on rates, Trump team joins G20

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy — or... read more »

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Some bank bulls grow wary on policy uncertainty

(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and... read more »

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State-owned carrier Air India understated losses – CAG

NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor... read more »

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India’s Avenue Supermarts IPO oversubscribed 106 times

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s... read more »