Monday, September 23, 2019

Petrol, diesel prices surge for 7th straight day
New Delhi | Monday, 2019 9:15:05 PM IST
Petrol and diesel prices in the country continued to surge for the seventh day on Monday on the back of the ongoing tensions in the Middle East and the US-China trade war. ... read..

Thomas Cook collapse could hit India's inbound travel
New Delhi | Monday, 2019 9:15:05 PM IST
With British travel giant Thomas Cook going belly up, India's inbound travel could be severely hit and hence adverse impact on foreign exchange (forex) earning too in the months to come. ... read..

Thomas Cook collapse 'big, big blow' to Goa tourism
Panaji | Monday, 2019 8:45:05 PM IST
The collapse of Thomas Cook, one of the oldest tourist travel companies in the world, will be a "big, big blow" to the tourism industry in Goa, president of the Travel and Tourism Association of Goa Savio Messias said on Monday. ... read..

Thomson expands India business with audio products launch
New Delhi | Monday, 2019 8:45:05 PM IST
French consumer electronics brand Thomson on Monday announced its entry in the Indian audio device market, a year after the successful launch of its Smart TVs in the country. ... read..

23 bps fiscal slippage, higher sell-off target: Emkay
Mumbai | Monday, 2019 8:45:05 PM IST
The tax cuts on corporates can lead to a fiscal tightrope walk of 23 bps slippages and there can be step-up in divestments proceeds to Rs 1.35 trillion as well as curb in public expenditures to meet the shortfall, said a broking house-analyst report from ... read..

More than 2 million get skill certificates
New Delhi | Monday, 2019 8:15:05 PM IST
In a boost to the skill development programme of the government, more than 2 million candidates across the country have been given certificates under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY). ... read..

Possession starts at Wave City Center
Noida | Monday, 2019 7:45:05 PM IST
Possession started at the Wave City Center as it began delivering and giving possessions of its products on Monday. ... read..

No Monday Blues: Sensex up over 1,200 points
Mumbai | Monday, 2019 7:15:05 PM IST
Bull run in the domestic stock markets continued for the second straight day as the BSE Sensex rose over 1,200 points on Monday. ... read..

Young India getting credit healthy and responsible:
| September 23, 2019 6:41:40 PM IST
Gurugram (Haryana) [India] Sept 23 (ANI/NewsVoir):, India's largest digital marketplace for financial products, released a consumer insight report today on India's rising credit awareness -'Making India Credit Fit'. ... read..

Not paying tax? I-T Dept will call you soon
Noida (Uttar Pradesh) | September 23, 2019 6:11:39 PM IST
Not paying taxes and having unaccounted income is not going to pay any dividend anymore. The Income Tax Department has set up a huge database of all citizens. ... read..

India, UAE conclude high-level task force meeting on investments
New Delhi | September 23, 2019 5:41:50 PM IST
India said on Monday that the seventh meeting of UAE-India joint task force on investments reviewed progress to enhance trade opportunities between the two countries. ... read..

Airtel-Bharti AXA Life tie up for insurance with prepaid plan
New Delhi | Monday, 2019 5:15:05 PM IST
As part of its strategy to leverage the deep penetration of mobile services to build a financially secure India, domestic telecom major Bharti Airtel has partnered with Bharti AXA Life Insurance to offer prepaid plan with insurance protection cover to all ... read..

SBI to adopt RBI's repo rate as external benchmark
Mumbai | Monday, 2019 5:15:05 PM IST
State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. ... read..

10 opportunities for Delhi to achieve electric, urban mobility (Part 2)
New Delhi | Monday, 2019 4:45:06 PM IST
In order to achieve clean, shared and people-centric mobility solutions, Delhi has to follow a 10-point formula and amplify its initiatives in electric and urban mobility, a new report has said. ... read..

Sensex jumps 1,075 points as heavy buying continues after corporate rate cut
Mumbai (Maharashtra) | September 23, 2019 4:41:35 PM IST
Heavy buying by foreign institutional investors (FIIs) and domestic traders pushed up equity benchmark indices further on Monday after the corporate tax cut announced by the government last weekend. ... read..

AAI showcases tech at World Routes 2019 Adelaide
Adelaide | September 23, 2019 4:41:33 PM IST
Airports Authority of India (AAI), the sole provider of air navigation services and responsible for the management of airports across the country participated in the 25th World Route Development Forum-World Routes 2019 at Adelaide in Australia. ... read..

Canara Bank to sell 30 pc stake in Commonwealth Trust
Mumbai (Maharashtra) | September 23, 2019 4:11:29 PM IST
State-owned Canara Bank said on Monday its investment committee has permitted to initiate the process of stake sale in Commonwealth Trust India Ltd (CTIL). ... read..

ACTICO and LTI enter into a Global Strategic Alliance
| September 23, 2019 3:41:42 PM IST
Singapore/New Delhi [India] Sept 23 (ANI/BusinessWire India): ACTICO, a leading international provider of software for intelligent automation and digital decisioning and Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consul ... read..

Planning to avail a LAP from Bajaj Housing Finance Limited - here's how to make the most of it
| September 23, 2019 3:41:40 PM IST
Pune (Maharashtra) [India] Sept 23 (ANI/BusinessWire India): Conventionally, secured loans have always been a smart choice for borrowers in need of hefty funds. ... read..

Oil prices to ease if global tensions do not flare up: Pradhan
New Delhi | September 23, 2019 2:41:35 PM IST
Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Monday that global oil prices will ease if there is no further geopolitical escalation in future. ... read..

Impact of new GST rates for caffeinated drinks to be minimal: Varun Beverages
Gurugram (Haryana) | September 23, 2019 2:11:41 PM IST
Varun Beverages Ltd (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Monday that the effect of increase in Goods and Services Tax (GST) for caffeinated drinks is going to be minimal. ... read..

UN chief asks banking sector to invest in climate action
United Nations | Monday, 2019 1:45:05 PM IST
UN Secretary-General Antonio Guterres asked the banking industry to invest in climate action and to disinvest from fossil fuels and pollution in general. ... read..

HRANI thanks government for rationalization of GST
| September 23, 2019 1:41:33 PM IST
New Delhi [India] Sept 23(ANI/NewsVoir): Hotel and Restaurant Association of Northern India (HRANI) thanked the central and state government for the reduction in GST rates on hotel room tariffs in a bid to give a boost to the hospitality sector. ... read..

Sensex jumps over 1,400 points, hotel stocks gain after GST rationalisation
Mumbai (Maharashtra) | September 23, 2019 1:11:37 PM IST
The rally on D-Street continued on Monday afternoon with heavy buying by foreign institutional investors (FIIs) and domestic traders after the government on Friday announced a rejig of corporate tax cuts to shore up investments and growth. ... read..

Thomas Cook UK collapses, leaving thousands of European travellers stranded, but India operations unaffected
London | September 23, 2019 12:41:31 PM IST
The 178-year-old British tour operator Thomas Cook Group Plc has collapsed under a pile of debt after talks with creditors failed, stranding hundreds of thousands of travellers, but the move will not have any impact on its India operations. ... read..

SBI announces repo rate as external benchmark for all floating rate loans
Mumbai (Maharashtra) | September 23, 2019 12:11:32 PM IST
The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans. ... read..

CARE downgrades Reliance Capital's debt programme to 'D', company alleges prejudice
Mumbai (Maharashtra) | September 23, 2019 11:11:29 AM IST
CARE Ratings has downgraded Anil Ambani-led Reliance Capital's debt programmes worth Rs 17,000 crore to 'D' on account of the recent instance of delay in servicing of coupons on several non-convertible debentures (NCDs). ... read..

Equity indices extend Friday's rally but IT stocks lose
Mumbai (Maharashtra) | September 23, 2019 10:41:29 AM IST
The rally on bourses continued during early hours on Monday with heavy buying by foreign institutional investors (FIIs) as well as domestic traders after the government on Friday announced big-bang fiscal stimulus on corporate tax cuts. ... read..

Corp tax cut to help top 1,000 firms save Rs 37K cr: Crisil
New Delhi | Monday, 2019 2:15:05 AM IST
Around 1,000 companies would save nearly Rs 37,000 crore due to recent corporate tax rate cut, according to a Crisil report on Sunday. ... read..

No plans to revise fiscal deficit target, cut spending: FM
New Delhi | Monday, 2019 1:45:05 AM IST
The government has no plans to revise the fiscal deficit or cut any expenditure following the corporate tax cuts, Finance Minister Nirmala Sitharaman said on Sunday. ... read..

Petrol, diesel prices rise for 6th day straight
New Delhi | Sunday, 2019 9:45:05 PM IST
Petrol and diesel prices witnessed a sharp jump on Sunday - the highest in the last six days after the drone attack on the oil processing facility of Saudi Arabia earlier this month. ... read..

How Delhi can become EV capital of India (Part 1)
New Delhi | Sunday, 2019 8:45:05 PM IST
To realize its dream to have clean, green and people-centric mobility solutions, Delhi may need to deploy nearly 35,000 electric and accessible passenger vehicles, at least 1,000 electric vehicles for last-mile connectivity and several hundred public char ... read..

Schneider Electric Brazil opens its first Smart Distribution Centre
| September 22, 2019 7:41:45 PM IST
Sao Paulo [Brazil] Sept 22 (ANI/NewsVoir): Schneider Electric, the leader in the digital transformation of energy management and automation, has today inaugurated the digital transformation of its Smart Distribution Centre in Cajamar (Sao Paulo). ... read..

No concern to asset quality post UBI, OBC merger: PNB CEO
New Delhi | Sunday, 2019 6:45:05 PM IST
The Punjab National Bank (PNB), which is the anchor bank for a scheduled merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC), has said that it does not see any erosion in asset quality after the merger and the best HR, proce ... read..

Conclave on making India global steel manufacturing hub
New Delhi | Sunday, 2019 4:45:05 PM IST
The Modi government seems determined to boost the country's crude steel production capacity to 300 MT by 2030-31 in a bid to make India a global steel manufacturing hub. ... read..

Tech-enabled solutions to dominate road and highway development: KPMG
New Delhi | September 22, 2019 10:11:27 AM IST
As the construction of roads and highways gathers pace across India, industry leaders have started deploying technology-based solutions to enhance service levels for passenger and freight transport, according to a recent report by global consulting firm K ... read..

Gavaskar, Shetty join US company as ambassadors
New Jersey | Sunday, 2019 4:45:05 AM IST
Cricket legend Sunil Gavaskar and Bollywood star Suniel Shetty have joined a US company, Triton Solar, as ambassadors. The company on Saturday made an announcement to this effect. ... read..

Corp tax cut credit positive, raises fiscal risks: Moody's
Mumbai | Saturday, 2019 9:15:05 PM IST
Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday. ... read..

Health, export key to become $5-tn economy: Niti Aayog VC
New Delhi | Saturday, 2019 7:15:05 PM IST
With India aiming to become a $5-trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to focus on making its people healthier, especially at the grassroots, and improve the export of goods and services. ... read..

Take your Business to New Heights with the Bajaj Finserv Business Loan
| September 21, 2019 6:41:43 PM IST
Pune (Maharashtra) [India] Sept 21(ANI/BusinessWire India): Every enterprise needs capital to grow and expand. ... read..

Supply shortage sends onion prices soaring to 4-yr high
New Delhi | Saturday, 2019 6:15:05 PM IST
The spiralling onion prices due to supply shortage are proving difficult for the government to control. ... read..

NRAI slams Zomato for extending 'Gold' programme to delivery
New Delhi | Saturday, 2019 5:15:05 PM IST
The National Restaurant Association of India (NRAI) on Saturday slammed Zomato for extending its "Gold" programme on its delivery platform, saying it is a desperate attempt by the online food aggregator to shore up the sinking fortunes of its flagship Gol ... read..

CBDT sets up National e-Assessment Centre for faceless scrutiny of IT returns
By Shailesh Yadav

New Delhi | September 21, 2019 2:41:29 PM IST
The Central Board of Direct Taxes (CBDT) has set up a National e-Assessment Centre (NeAC) for assessing tax returns electronically without any personal contact between officials and taxpayers. ... read..

Mobius Foundation successfully hosted the International Conference on Sustainability Education (ICSE), 2019
| September 21, 2019 2:11:34 PM IST
New Delhi [India] Sept 21 (ANI/NewsVoir): 'International Conference on Sustainability Education (ICSE)' was jointly organised by Mobius Foundation, the Climate Reality Project, India in partnership with UNESCO, New Delhi office. The two-day conference wou ... read..

Srinivasan Services Trust honoured with the prestigious CSR Times Award 2019
| September 21, 2019 2:11:32 PM IST
Chennai (Tamil Nadu) [India] Sept 21 (ANI/NewsVoir): Srinivasan Services Trust (SST), the social arm of TVS Motor Company Limited and Sundaram-Clayton Limited is honoured to win the CSR Times Award for Best NGO in 'Rural Development & Infrastructure'. ... read..

Tanishq kicks off efficiency goals with Schneider Electric edge solutions
| September 21, 2019 1:11:37 PM IST
New Delhi [India] Sept 21 (ANI/NewsVoir): Tanishq from Titan, India's trusted jewellery brand has moved one major leap further in its commitment to energy efficiency. ... read..

PM Modi leaves on packed, week-long US visit
New Delhi | Saturday, 2019 12:20:54 PM IST
Prime Minister Narendra Modi on Friday left for a week-long visit to the US, voicing confidence that his visit would present India as a vibrant land of opportunities, a reliable partner and a global leader, and also help impart new energy to bilateral tie ... read..

ED attaches over Rs 234 crore assets of Kudos Chemie
New Delhi | Saturday, 2019 12:20:54 PM IST
The Enforcement Directorate (ED) has provisionally attached plant and machinery worth Rs 234.11 crore of Punjab-based Kudos Chemie Ltd under Prevention of Money Laundering Act (PMLA) in an ongoing case against the company and its directors relating to an ... read..

Tax cuts may impact fiscal deficit, capex: Economists
New Delhi | Saturday, 2019 12:20:54 PM IST
As the exuberance of stock market and corporates over the tax cuts settles downs, economists and experts on Friday warned of fiscal slippages due to such reduction that may impact fiscal deficit, capital expenditures and cause higher borrowings. ... read..

Modi govt unrolls Rs 1.45 lakh cr tax bonanza, India Inc double-cheers (Roundup)
New Delhi | Saturday, 2019 12:20:54 PM IST
The Modi 2.0 government on Friday announced a Rs 1.45 lakh crore fiscal stimulus that includes slashing corporate tax to 22 per cent from 30 per cent now, cutting down MAT and lowering tax to 15 per cent for companies putting fresh capital into manufactur ... read..

Himachal wants full membership in Bhakra Beas projects
Chandigarh | Saturday, 2019 12:20:54 PM IST
Himachal Pradesh Chief Minister Jai Ram Thakur on Friday demanded that state the be made a full-fledged member in Bhakra Beas Management Board (BBMB) projects by amending the Punjab Re-organisation Act of 1966 so that pending cases could be resolved at th ... read..

Corporate tax reduction is credit positive for companies, but increases government's fiscal risks: Moody's
Mumbai (Maharashtra) | September 21, 2019 12:11:41 PM IST
The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-tax incomes ... read..

Continued global monetary policy easing could stoke FPI inflows to India: Ind-Ra
Mumbai (Maharashtra) | September 21, 2019 12:11:36 PM IST
The reduction in US Federal Reserve's policy rate by 25 basis points and the European Central Bank's decision to resume asset purchases is likely to augur well for short-term foreign portfolio investment (FPI) flows to economies such as India which contin ... read..

In need of emergency funds - Avail the fastest loan against property from Bajaj Housing Finance Limited
| September 21, 2019 12:11:30 PM IST
Pune (Maharashtra) [India] Sept 21 (ANI/BusinessWire India): The importance of getting quick access to funds during an emergency cannot be stressed enough. A quick and convenient source of funds allows you to focus on the crisis at hand and tackle it, rat ... read..

Gourmet Passport by Dineout returns with Gourmetlicious 2019
| September 21, 2019 12:11:27 PM IST
New Delhi [India] Sept 21 (ANI/BusinessWire India): Gourmet Passport by Dineout is back with the second edition of its uber-luxury culinary celebration, Gourmetlicious 2019, serving an enticing feast and promotions across the five cities. ... read..

Alliance Group CMD awarded the Global Indian of the Year 2018-19 for real estate
| September 21, 2019 11:11:30 AM IST
Chennai (Tamil Nadu) [India] Sept 21 (ANI/BusinessWire India): Alliance Group Chairman and Managing Director, Manoj Namburu, at a glittering function was honoured with the Global Indian of the Year 2018-19 award on September 16th, 2019. ... read..

Wall Street slides as tech shares lag
New York | Saturday, 2019 9:45:06 AM IST
US equities gave up early gains to finish lower as major tech shares declined, dragging down the market. ... read..

US restoring India's GSP status hope high during Modi visit
New York | Saturday, 2019 7:15:05 AM IST
Speculation is high that US could consider reinstating India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries and both the countries will announce a trade packag ... read..

Aadhaar may be made mandatory for claiming GST refunds: FM
Panaji | Saturday, 2019 5:15:06 AM IST
The Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman on Friday took an in-principle decision to link Aadhaar with registration of taxpayers under the GST and examine the possibility of making Aadhaar mandatory for claimi ... read..

Hats off to Sitharaman for tax cut: Mazumdar-Shaw
Bengaluru | Saturday, 2019 4:45:05 AM IST
Biocon chairperson Kiran Mazumdar-Shaw on Friday complimented Finance Minister Nirmala Sitharaman for the corporate tax rate cut, a day after a Twitter spat with her over the ban on e-cigarettes. ... read..

Big Friday for India Inc, GST Council cuts rates on various items
Panaji | Saturday, 2019 3:45:05 AM IST
Friday proved to be a big day for India Inc. After a slew of tax concessions including reduction in corporate tax from 30 per cent to 22 per cent, the GST Council has lowered tax on a number of goods and services to spur demand. ... read..

Modi's Houston visit may seal major energy deal (IANS Exclusive)
New Delhi | Saturday, 2019 3:45:05 AM IST
Prime Minister Narendra Modi's upcoming agenda-heavy US visit may start a new phase of corporate relations between major energy companies of the two countries. ... read..

Tax sops to boost India's IT competitiveness: Nasscom
Bengaluru | Saturday, 2019 3:45:05 AM IST
Terming the tax relief as a positive step to promote growth, investment and jobs, the Indian IT industry's apex body Nasscom on Friday said the bold measures would increase India's competitiveness in software services and products. ... read..

Hero MotoCorp, Maruti top gainers on 'historic' Friday
Mumbai | Saturday, 2019 3:15:05 AM IST
As Indian stock markets surged to decade-high gains on Friday following Finance Minister Nirmala Sitharaman's announcement of corporate tax rate cut among other measures, Hero MotoCorp and Maruti Suzuki India were the best performing stocks on the Sensex. ... read..

US visit will present India as global leader: Modi
New Delhi | Saturday, 2019 2:45:06 AM IST
As he embarks on a week-long visit to the US, Prime Minister Narendra Modi on Friday voiced confidence that his visit would present India as a vibrant land of opportunities, a reliable partner and a global leader, and also help impart new energy to bilate ... read..

Jet insolvency: RP, Dutch administrator agree to cooperate
New Delhi | Saturday, 2019 2:15:05 AM IST
In a major development in the Jet Airways insolvency matter, the resolution professional (RP) of Jet Airways and the Dutch court administrator have agreed to cooperate in the insolvency proceedings of the airline. ... read..

Corporate tax relief to spur growth, create jobs: India Inc
Bengaluru | Saturday, 2019 1:15:05 AM IST
The series of tax reliefs Union Finance Minister Nirmala Sitharaman announced in New Delhi on Friday would revive the economy, boost investment, spur growth and create jobs, said India Inc honchos across the sectors. ... read..

14 banks struggle to recover Rs 3,635 cr from Mumbai firm (IANS Exclusive)
Mumbai | Friday, 2019 11:15:05 PM IST
A consortium of 14 public sector banks, led by the Bank of India on Friday initiated the process to recover staggering loans totally worth Rs 3,635.25 crore from a Mumbai-based defaulter, Frost International Ltd. ... read..

India Inc. double cheers govt's Rs 1.45L cr stimulus
New Delhi | Friday, 2019 10:45:05 PM IST
India Inc. on Friday double cheered the government's Rs 1,45,000 crore stimulus, which includes slashing corporate tax to 22 per cent for domestic companies, lower tax of 15 per cent for new manufacturing firms and measures to boost the capital market. ... read..

Markets give thundering response to 'mother of all measures'
Mumbai | Friday, 2019 10:45:05 PM IST
Indian markets responded most positively on Friday to the corporate tax cut announced by government, more than it has done recently to measures announced by Finance Minister Nirmala Sitharaman in the past few weeks to revive the economy. ... read..

Historic trade session ends with Sensex gaining 1,921 pts (3rd Lead)
Mumbai | Friday, 2019 10:45:05 PM IST
Sensex closed Friday's session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy. ... read..

Delhi court allows CBI to quiz Christian Michel
New Delhi | Friday, 2019 10:45:05 PM IST
A Delhi Court on Friday allowed the Central Bureau of Investigation (CBI) to question the alleged middlemen in the AgustaWestland deal, Christian Michel, in connection with the CBI case relating to the kickbacks allegedly involved. ... read..

Historic trade session ends with 1,921 pts gain for Sensex (2nd Lead)
Mumbai | Friday, 2019 10:15:05 PM IST
The Sensex closed Friday's session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman made yet another big ticket announcement to kick start the economy. ... read..

Modi hails FM, says corporate tax cut to attract investment
New Delhi | Friday, 2019 10:15:05 PM IST
Praising Finance Minister Nirmala Sitharaman's announcement of rationalisation of corporate tax for domestic companies, Prime Minister Narendra Modi said on Friday that the step would help attract private investments from across the globe besides creating ... read..

Stock market makes history, Sensex up 2,200 points (Lead)
Mumbai | Friday, 2019 9:45:05 PM IST
Sensex and Nifty logged their biggest ever single day gains on Friday after Finance Minister Nirmala Sitharaman, in an unprecedented move, announced a massive tax relief for corporate India which fired up the stock markets. ... read..

Yechury accuses Modi govt of crony capitalism, calls it a 'circus'
New Delhi | Friday, 2019 9:45:05 PM IST
CPI-M General Secretary Sitaram Yechury on Friday hit out at the Narendra Modi government's economic policies and termed its decision to invest money from the state-owned Life Insurance Corporation (LIC) to bail out loss-making public sector companies as ... read..

With no buyback tax, plans of a dozen firms may revive
New Delhi | Friday, 2019 8:45:05 PM IST
About a dozen companies, including technology major Infosys, which have active buyback programmes would benefit from the government's decision to not levy 20 per cent buyback tax imposed in this year's Budget. ... read..

Capital boost: Govt provides relief on surcharge, share buyback
New Delhi | Friday, 2019 8:45:05 PM IST
In a major relief for capital markets which went into a severe slump after the Union Budget, the Finance Minister on Friday announced a slew of measures, including relaxation on FPI surcharge and share buybacks. ... read..

GoM has made progress in Goa mining sector revival: Sitharaman
Panaji | Friday, 2019 8:15:05 PM IST
The Group of Ministers (GoM) appointed by Prime Minister Narendra Modi to examine ways to restart the state's banned mining sector has made progress, Union Finance Minister Nirmala Sitharaman said on Friday. ... read..

CSR fund can now be tapped for research and development: FM
Panaji | Friday, 2019 7:45:06 PM IST
In a bid to boost research and technology, corporate houses can now fund state-backed incubators which specialise in science, technology, engineering and medicine, Union Finance Minister Nirmala Sitharaman said on Friday. ... read..

UC Partners with Fox Star Studios and Likee to promote 'Zoya Factor'
| September 20, 2019 7:11:55 PM IST
New Delhi [India] Sept 20 (ANI/NewsVoir): UC Browser, world's No 1 third-party mobile browser and a content platform, has once again tied up with production house Fox Star Studios - this time to promote romantic drama 'The Zoya Factor'. ... read..

CSS Corp's Manish Tandon recognized as the CEO of the Year at CMO Asia Awards 2019
| September 20, 2019 7:11:46 PM IST
Bengaluru (Karnataka) [India] Sept 20 (ANI/BusinessWire India): CSS Corp, a new-age IT services and technology company, today announced that its CEO, Manish Tandon, has been honoured with the prestigious CEO of the Year award at the 2019 CMO Asia Awards h ... read..

Virinchi Hospitals partners with Renal Research Institute for Kidney Failure Treatments
| September 20, 2019 7:11:44 PM IST
Telangana (Hyderabad) [India] Sept 20 (ANI/NewsVoir): Virinchi Hospitals, Hyderabad is at the forefront of providing world class treatment for kidney ailments and is leading a crusade to develop new path-breaking treatments to alleviate the suffering of p ... read..

Corporate tax reliefs are one of the biggest reforms ever: CII
New Delhi | September 20, 2019 7:11:33 PM IST
The Confederation of Indian Industry (CII) said on Friday that drastic reduction in corporate taxes is a huge game-changer for the economy and a decisive announcement for awakening animal spirits of investors. ... read..

Booster shots: Corporate tax rate cut, more steps for cap flow (Lead)
New Delhi | Friday, 2019 6:15:05 PM IST
Hit hard by a slowing economy and a brewing global oil crisis, the government on Friday announced a series of tax incentives to boost the industry and restart investment. ... read..

FM announces tax bonanza for corporates, exchequer to take Rs 1.45L cr hit
New Delhi | Friday, 2019 5:45:05 PM IST
In a major bonanza for corporates as part of measures to promote growth and investment, Finance Minister Nirmala Sitharaman on Friday announced to slash corporate tax rate to 22 per cent for domestic companies and 15 per cent for new domestic manufacturin ... read..

Sensex closes 1,921 points up after govt cuts corporate tax to revive growth
Mumbai (Maharashtra) | September 20, 2019 5:41:56 PM IST
Equity benchmark indices closed the week on a euphoric note on Friday after clocking the biggest intra-day gains in a decade at 5 per cent as the government announced a cut in the corporate tax rate for domestic companies and new manufacturing firms. ... read..

Tax reliefs to corporates will act as a booster dose to revive growth: FICCI
New Delhi | September 20, 2019 5:41:40 PM IST
The Federation of Indian Chambers of Commerce and Industry (FICCI) said on Friday that lowering of income tax on corporates will unleash the animal spirits of corporate India and reinvigorate manufacturing sector which has been going through a difficult p ... read..

Retailers offer deep discounts to clear piled up inventory
New Delhi | Friday, 2019 5:15:05 PM IST
The festival season discount is back, but what would cheer the shoppers more this time are the sharper discounts offered by retailers across categories -- from kitchenware and electronic items to apparels -- to clear off the inventory. ... read..

Pallavi Shroff joins IndiGo as Independent Woman Director
Gurugram (Haryana) | September 20, 2019 4:41:53 PM IST
InterGlobe Aviation, the parent company of low-cost airline IndiGo, said on Friday that its board of directors has unanimously approved the appointment of Pallavi Shardul Shroff as Independent Woman Director. ... read..

Nippon Express to acquire 22 pc stake in Future Supply Chain Solutions
Mumbai (Maharashtra) | September 20, 2019 4:41:42 PM IST
Japan's leading global logistics company Nippon Express has agreed to acquire a 22 per cent stake in Future Supply Chain (FSC) Solutions Ltd. ... read..

Strides Pharma board approves additional investment up to $40 million
Bengaluru (Karnataka) | September 20, 2019 3:41:32 PM IST
Strides Pharma Science said on Friday that its board of directors has approved an additional investment of up to 40 million dollars (about Rs 290 crore) over the next two years for a controlling stake in its associate company Stelis Biopharma. ... read..

Hope it's not too late, too little (IANS Opinion)
New Delhi | Friday, 2019 2:45:05 PM IST
Enough columns have been written for nearly a year, on the then-slowing-currently sinking economy. More consultation meetings have been done than actual policy initiatives. ... read..

ACG selects Salesforce to build 360-degree customer view
| September 20, 2019 2:41:56 PM IST
Bengaluru (Karnataka) [India] Sept 20 (ANI/BusinessWire India): ACG group, an integrated pharma manufacturing solutions company, today announced that it has chosen Salesforce, the global leader in CRM, to accelerate its digital transformation journey, str ... read..

The CFO Centre expands its operation in India and Sri Lanka by the end of FY 2020
| September 20, 2019 2:41:30 PM IST
Mumbai (Maharashtra) [India] Sept 20 (ANI/NewsVoir): CFO Centre, the world's largest part-time CFO services provider, today completed five years of its existence in India providing part-time CFO's to entrepreneurial and owner-managed businesses. ... read..

Auto value chain data sold to pvt parties in breach of privacy (IANS Exclusive)
New Delhi | Friday, 2019 2:15:05 PM IST
With data privacy now becoming hot button, breaches too are common place. However, when the government itself decides to wilfully use data to generate revenue, then questions of propriety are raised for this is proprietary data with the right to it and ow ... read..

Sensex zooms over 2,000 points after government announces fiscal measures to boost growth
Mumbai (Maharashtra) | September 20, 2019 2:11:26 PM IST
Equity indices surged by over 5 per cent to record highs as Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore up growth and investments. ... read..

Global growth to hit 11-year low: OECD
Paris | Friday, 2019 1:45:05 PM IST
The Organisation for Economic Cooperation and Development (OECD) has predicted further slowdown in the global economy this year and in 2020, citing escalating trade tension and high policy uncertainty. ... read..

Domestic corporate tax rate slashed to 22 pc , 15 pc for new manufacturing units
Panaji (Goa) | September 20, 2019 1:41:31 PM IST
Bringing in tax cuts and fiscal reliefs through an ordinance, the government on Friday slashed domestic corporate tax to an effective 25.17 per cent, inclusive of all surcharges and cess, in a bid to promote growth and investments amid economic slowdown t ... read..

Adani Transmission to acquire entire stake in Bikaner Khetri Transmission
Ahmedabad (Gujarat) | September 20, 2019 1:41:28 PM IST
Adani Transmission Ltd (ATL) has signed a share purchase agreement with PFC Consulting Ltd for the acquisition of its entire stake in Bikaner Khetri Transmission Ltd (BKTL). ... read..

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