Market Live: Sensex, Nifty remain sluggish; pharma stocks continue to bleed
Sun Pharma and Cipla were the top losers on both indices, while Maruti Suzuki, Mahindra and Mahindra, Eicher Motors and Hindalco gained the most. Moneycontrol News 2:45 pm Earning Update: Hitachi Home has reported 89.7 percent jump in its Q4FY17 net profit at Rs 25 crore versus Rs 13 crore, in a... read more »
RBI outlines broad plans on $150 billion bank bad loan resolution
The Reserve Bank of India (RBI) outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country’s banks Mumbai: The Reserve Bank of India (RBI) outlined on Monday the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the... read more »
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 »
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 »
More from Economy
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 said... read more »
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... read more »
India’s industrial output up 2.7 percent in January
NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »
Volkswagen, Tata Motors plan to cooperate in India
NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto... read more »
Doha Bank looking at setting up subsidiary in India
Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up... read more »
