Business News

Last updated: Monday, May 22, 2017 9:52:04 PM

Heavy taxes on sin, luxury goods under GST
New Delhi, May 19 (IANS) Finance Minister Arun Jaitley and state finance ministers have not been able to resist the temptation of putting heavy taxes on so-called sin goods -- tobacco, pan masala and aerated drinks as well as luxury vehicles under the Goods and Services Tax (GST).

Friday, May 19, 2017 5:38:03 PM

With 180% growth, Chinese smartphone vendors set to wipe out Indian brands
New Delhi, May 19 (IANS) Chinese vendors captured 49 per cent of the Indian mobile phone handset market in the first quarter of 2017 -- a 180 per cent (year-on-year) revenue growth -- threatening to wipe out domestic players from the overall handset segment, a report said on Friday.

Friday, May 19, 2017 4:52:04 PM

Motherson Sumi's Q4 consolidated net profit up 12%
Mumbai, May 19 (IANS) Specialised auto component manufacturer Motherson Sumi Systems (MSSL) on Friday reported an increase of 12 per cent in its consolidated net profit for the fourth quarter (Q4) of 2016-17.

Friday, May 19, 2017 4:38:03 PM

Equity markets close flat; banks, FMCG stocks gain
Mumbai, May 19 (IANS) Indian equity markets on Friday provisionally closed on a flat note on Friday on the back of broadly positive global cues and healthy buying in banking and FMCG stocks.

Friday, May 19, 2017 3:56:04 PM

Services to have 4-slab GST rates, no decision on gold
Srinagar, May 19 (IANS) The Goods and Services Tax (GST) Council concluded its latest round of meetings on Friday with the decision to apply the same four tax rate slabs for services as for goods, exempting, however, healthcare and educational services from the purview of the GST.

Friday, May 19, 2017 3:22:03 PM

No tax on food items, contraceptives; mobile phone levy at 12% under GST
New Delhi, May 19 (IANS) With the Goods and Services Tax (GST) Council deciding the tax rate on 1,211 goods on Thursday, there is cheer for the common man as 81 per cent of the goods are below 18 per cent, though people will have to shell out more even for small segment cars with additional cess levied on them.

Friday, May 19, 2017 2:56:03 PM

Equity markets trade flat, auto stocks plunge
Mumbai, May 19 (IANS) Indian equity markets traded on a flat-to-negative note during the mid-afternoon trade session on Friday as investors booked profits and automobile, consumer durables and capital goods stocks faced heavy selling pressure.

Friday, May 19, 2017 1:00:05 PM

Key Indian equity indices trade higher
Mumbai, May 19 (IANS) Key Indian equity market indices opened in the green on Friday following Goods and Services Tax (GST) Council's fitment of 1,211 goods in the tax slabs.

Friday, May 19, 2017 9:50:03 AM

Bank of Baroda posts net profit of Rs 154.72 cr in Q4
Mumbai, May 18 (IANS) State-run Bank of Baroda on Thursday reported a net profit of Rs 154.72 crore for the quarter ended March 31, as compared to a net loss of Rs 3,230.14 crore for the same period a year ago.

Thursday, May 18, 2017 11:04:03 PM

Cummins India's Q4 standalone net profit down 5%
Mumbai, May 18 (IANS) Cummins India on Thursday reported a decline of 4.97 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.

Thursday, May 18, 2017 10:46:04 PM

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