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 »
SBI’s bad loans didn’t affect it much. Here’s the proof
State Bank of India reported its highest profit in six quarters on lower provisions for bad loans last quarter, but investors were wary about the outlook for its asset quality after the amalgamation of its five subsidiary banks from April. SBI, which accounts for more than a fifth of India’s... read more »
Cognizant to hire more in US, optimise workforce
Chennai: US-headquartered Cognizant Technology Solutions (CTS), which has over a third of its workforce in India, has said it will rationalise its cost structure by bringing the employee base in line with demand. The company intends to ramp up hiring in the US while reducing dependence on the H-1B... read more »
View: Indian diplomacy rises above the stratosphere
With imaginative use of India’s low-cost space capability, Prime Minister Narendra Mod has improved India’s none-too-smooth relations in the South Asian neighbourhood, with the Indian Space Research Organisation delivering on the prime minister’s promise of a South Asia Satellite (SAS),... read more »
