News

GST Council to meet on October 6, may dole out sops to exporters

ET News - 35 min 11 sec ago
The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.
Categories: Business News

Companies may have to furnish Apr-Sept income estimates to I-T dept

ET News - 35 min 11 sec ago
The Central Board of Direct Taxes has come out with a draft notification seeking stakeholders' comment on filing of Form 28AA by giving details of income and advance taxes paid.
Categories: Business News

Fast-track GST refund, else Rs 65K crore may be stuck: Exporters

ET News - 35 min 11 sec ago
They also sought a corresponding Central GST and State GST exemption on the subsequent supply made by the nominated agencies to the exporter of jewellery.
Categories: Business News

After 19 years, Nasscom's flagship event to move to Hyderabad from Mumbai

ET News - 35 min 11 sec ago
The event which will be moved to Hyderabad and will be held in February is expected to see a lot more global participation and will be more focussed on policy.
Categories: Business News

Government will take action against Tejaswi Yadav's mall : Sushil Kumar Modi

ET News - 35 min 11 sec ago
Sushil Modi had in an expose on April 7 claimed that Lalu Prasad's family got benami properties of three acres of prime land at Saguna Mor through a shell company.
Categories: Business News

Ram Rahim will grow vegetables, prune trees- at just Rs 20/day

ET News - 35 min 11 sec ago
The 50-year-old self-styled godman, who boasted of millions of followers, is lodged in Rohtak's Sunaria jail for raping his two disciples.
Categories: Business News

Reliance Jio prevails over Airtel as Trai cuts IUC to 6 paise per minute

LiveMint - 39 min 26 sec ago
Trai says IUC, which had been the focus of bitter exchanges between Reliance Jio and Airtel, won’t be applicable from 1 January 2020
Categories: Business News

Shell companies: Govt makes names of 55,000 directors public

LiveMint - 42 min 50 sec ago
Intensifying its crackdown on shell companies and their operators, the government has made public names of over 55,000 directors linked to such firms
Categories: Business News

To recapture political narrative, govt looking at Women's Reservation Bill

Business Standard - 51 min 22 sec ago
New Delhi, 19 SeptemberIn an effort to seize back the political narrative that is slipping away because of steep oil prices, lack of job growth and economic downturn, the Narendra Modi government is mulling bringing the women's reservation Bill in the winter session of Parliament.The Bill provides for reserving a third of all seats for women in the Lok Sabha and state legislative assemblies, including in the seats reserved for Scheduled Castes and Scheduled Tribes. The Bill has had a tortuous history. It was first introduced in 1996, and lapsed thrice with the dissolution of the respective Lok Sabhas. It was passed by the Rajya Sabha in 2010 during the Congress-led UPA2 regime. Its passage in the Lok Sabha was resisted by allies of the Congress. But unlike the Lok Sabha, the Rajya Sabha is a continuous House and the Bill is pending with the House.Sources said a final decision is yet to be taken but consultations are on and the leadership is keen to build on the Prime Minister's 'Beti .
Categories: Business News

M&M displays driverless tractor; commercial rollout in 2018

Business News From Hindu - 53 min 16 sec ago
Mahindra & Mahindra (M&M) on Tuesday showcased its first ever driverless tractor which it plans to introduce commercially next year.The company, which has developed the tractor at its Chennai-...
Categories: Business News

Hurricane Maria: Storm wreaks devastation in Caribbean island of Dominica

Business Standard - 57 min 22 sec ago
Maria has been fluctuating in intensity between Category 4 and Category 5, hitting Dominica with winds of up to 257 kmph: US National Hurricane Center
Categories: Business News

Pizza Hut to double outlets to 700 by 2022 in India, beef up online sales

Business Standard - 59 min 22 sec ago
Pizza Hut is also focused on growing its online sales, which has seen a rise especially since demonetisation
Categories: Business News

Vodafone, Lava tie up for cashback offer on purchase of feature phone

Business Standard - 1 hour 22 sec ago
The offer, valid till October 31, 2017 is available for both new and existing Vodafone customers
Categories: Business News

HighRadius raises Rs 32 cr from American private equity firm SGE

Business Standard - 1 hour 5 min ago
BS ReporterHyderabad, 19 September: HighRadius, a Hyderabad-based fintech firm that provides cloud-based Integrated Receivables software, has raised $ 50 million in growth funding from US-based private equity firm Susqhehanna Growth Equity. Led by its founder and CEO Sashi Narahari, HighRadius works with a number of global players including adidas, Starbucks, P&G, Reckitt Benckiser, Johnson and Johnson, Warner Brothers, Danone, Sysco and Zurich using the subscription-based revenue model.The company currently employs over 500 people across India(Hyderabad), US and Europe and has more than 300 customers. About 80-90 percent of its revenues come from Americas while the rest is owed to its small customer base in Europe. " We have been executing on our vision of enabling receivables functions to achieve ubiquitous electronic payment adoption and process automation- massively reducing paper-based processes and manual work. We have more than 350 clients on our Integrated Receivables ...
Categories: Business News

Zydus and Pharm Aid tie up for vaccine technology for Russia

Business Standard - 1 hour 6 min ago
Cadila Healthcare Limited (Zydus Cadila), has entered into an exclusive agreement for the technology know-how for varicella vaccine production in the Russian Federation with Pharm Aid Ltd, headquartered in Russia. Pharm Aid Ltd, has been set up by Nacimbio together with Ishvan Pharmaceuticals Ltd, for the localisation of innovative vaccine production in Russia. Pharm Aid Ltd was set up in May 2017 as a joint venture of Russian National Immunobiological Company (Nacimbio) that represents the pharmaceutical group of Rostec State Corporation and Ishvan Pharmaceutical Ltd from UAE in 51-49 ratio. The company aims to partner with leading global pharma companies and bring in affordable, innovative products and full-cycle technology to the Russian Federation in treatment areas of Vaccines, HIV, Hepatitis and Tuberculosis. The exclusive agreement was signed at the BIOTECHMED conference in Gelendzhik, Russia. "We welcome this opportunity to participate in and partner biotech opportunities in
Categories: Business News

Ensure religious places follow noise pollution norms: NGT to Delhi govt

Business Standard - 1 hour 8 min ago
During the hearing, the counsel for various religious places assured the tribunal that they would abide by the NGT direction
Categories: Business News

Solar tariff sees minor correction; rises to Rs 2.65 a unit in Gujarat bids

Business Standard - 1 hour 8 min ago
A recent tender for 500 MW of solar power projectsin Gujarat witnessed tariff going up in range of Rs 2.65-3.36 per unit. This isa minor correction from the last lowest bidding of Rs 2.44 per unit discoveredin Rajasthan. Impact of new tax regime under GST andincrease in cost of panels coming from China has led to escalation in tariff discoveredin this latest tender. Chennai based GRT Jewellers quoted thelowest tariff of Rs 2.65 per unit for 90 MW of project capacity. It wasfollowed by Gujarat State Electricity Corporation Limited and GujaratIndustries Power Limited which quoted Rs 2.66 and Rs 2.67 per unit respectivelyfor 75 MW each. NYSE listed Azure Power won 350 MW by quoting Rs 2.67 per unit. The tender was called by Gujarat Urja VikasNigam Limited. Other bidders in race were ReNew Power, Tata Power RenewableEnergy Limited, UK based Lightsource Renewable Energy India Assets Ltd, FortumPower and Torrent Power. "The 5 per cent GST on solar effectivelyincreases the cost by 10-20 ..
Categories: Business News

Former GSK CEO and ex-R&D boss move to biotech venture firms

Reuters Business News - 1 hour 8 min ago
LONDON (Reuters) - GlaxoSmithKline's former chief executive Andrew Witty and its one-time research head Moncef Slaoui both picked up new jobs in the biotech venture capital sector on Tuesday, following a route favoured by many ex-pharma executives.
Categories: Business News

Nalco, Hindustan Copper, MECL sign pact to acquire overseas minerals

Business Standard - 1 hour 10 min ago
Aluminium major National Aluminium Company Ltd (Nalco) has teamed up with two more central PSUs- Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL). The three central PSUs entered into a memorandum of understanding (MoU) on Tuesday with the objective of making the country self-reliant in the areas of 12 strategic minerals that are either not available in the country or not available in optimum quanity.The MoU was signed by T K Chand, chairman cum managing director (CMD), Nalco, Santosh Sharma, CMD at HCL and Gopal Dhawan, CMD of MECL."The objective of the MoU is to set up a joint venture (JV) company namely Khanij Bidesh India Ltd (KABIL) to identify, explore, acquire, develop and process the strategic minerals overseas for commercial use and for supplying to India to meet the domestic requirements due to its non-availability in the country and giving a boost to Make in India drive of the Government of India."A task force chaired by director (projects) of Nalco .
Categories: Business News

Tata Sons buys 4.31 crore shares of TGBL from Tata Chemicals

MoneyControl Business News - 1 hour 11 min ago
Both the companies last week said the shares are proposed to be acquired at the prevailing price on the date of acquisition.
Categories: Business News