Business

TV players hail import duty scraping, to pass benefit to consumers

New Delhi,  The TV manufacturers and trade bodies on Wednesday welcomed the scraping of import duty on open cell LED TV panel, saying it would not only boost sales of TVs in the festive season but also allow brands to …

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Medikabazaar offers 200 jobs to laid-off Zomato staff

New Delhi,  Over 500 people who were sacked by food delivery platform Zomato earlier this month have a saviour in Medikabazaar – an online B2B platform for medical supplies. According to Medikabazaar’s Executive Vice-President Akash Rajpal, the company wants to …

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RJio tops subscription race in July; Airtel, VIL lose

New Delhi,  Reliance Jio continued its onward march in July adding the highest number of subscribers during the month, while the other major market players, Airtel and Vodafone Idea eroded their subscriber base. Jio added 85.39 lakh customers in July …

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Oil shock: Sensex loses 642 points, auto, banks worst hit

Mumbai,  Indian equities plunged on Tuesday after the weekend attacks on Saudi Arabias oil facilities resulted in the suspension of nearly 6 per cent of the worlds crude production, sending shock waves across global financial markets. Heightened nervousness was evident …

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Assam FM Sarma for uniform GST rate on lotteries

New Delhi,  Days before the meeting of the GST Council, Assam Finance Minister Himanta Biswa Sarma has disapproved of differential rates for lotteries saying it was hurting northeastern states. Further, the dual GST rates for lotteries had given undue advantage …

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Amazon, Flipkart festival sales violate FDI norms: CAIT

New Delhi,  Reiterating its demand for ban on festival sales by Amazon and Flipkart, the Confederation of All India Traders (CAIT) on Tuesday said that the two e-commerce majors are flouting the norms for foreign direct investment (FDI) by carrying …

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SBI Caps, PNB Investment among bidders for TCIL, FAGMIL, WAPCOS

New Delhi, SBI Capital, IDBI Capital, SMC Capital, PNB Investments and Elara Capital are in the fray for becoming the book running lead managers (BRLMs) to the Initial Public Offers (IPOs) of TCIL and FAGMIL and WAPCOS, sources here said on …

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State Tourism Ministers demand cut in GST on hotel rooms

Thiruvananthapuram,  State Tourism Ministers who met in the Kerala capital on Monday demanded the reduction, simplification and rationalisation of various taxes and levies, including the Goods and Services Tax (GST), in the tourism and travel industry to attract tourists and …

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Protecting depositors, taxpayers is public interest RBI

Mumbai,  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in the Handbook …

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‘India-US continuously working towards resolving trade issues’

New Delhi,  Union Commerce Minister Piyush Goyal on Monday said that India and the US were continuously working towards resolving their trade differences. However, the Minister stopped short of revealing whether the two countries have reached a deal or not. …

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