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Friday, November 24, 2017
FMCG companies, including ITC, Dabur, HUL and Marico, on Tuesday said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers.The companies said they will extend the price reduction to...
The finance ministry is considering introducing more incentives for micro, small and medium enterprises (MSMEs) that comply with the requirements of the new Goods and Services Tax (GST) regime, including access to loans at discounted rates in an...
President Ram Nath Kovind approved on Thursday an ordinance that will bar the country’s biggest defaulters from bidding for stressed assets that are part of bankruptcy proceedings.The ordinance, issued by the government a day earlier, amends the new...
Jet Airways plans to do away with first class seats in its Boeing 777 planes that are operated for long-haul flights as it works on cost-cutting measures, a senior airline official said.The carrier, earlier this week, told investors...
The Cabinet on Wednesday approved changes to the Insolvency and Bankruptcy Code (IBC), and sent it to the President for his approval. Once approved, the ordinance will be placed before Parliament in the winter session.Finance minister Arun Jaitley...
After the indirect tax regime was transformed by the implementation of the Goods and Services Tax (GST), the 56-year-old Income Tax Act is now set for an overhaul.On Wednesday, the finance ministry set up a six-member task force...
Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday.Discovery of the company’s cover-up of the...
Ikea relaunched a recall of 17.3 million chests and dressers Tuesday after the death of an eighth child.CEO Lars Petersson said Ikea wants to increase awareness of the recall campaign for several types of chest and dressers that...
Sebi and exchanges have started examining trade details of over two dozen stocks as part of a probe into alleged leak of key financial details of these companies through WhatsApp while the regulator is also considering seeking call...
The committee tasked with simplification of Goods and Services Tax (GST) returns filing will consult tax experts and trade bodies to make the process convenient for businesses that have minimal transactions, its chairman said today.GSTN chairman Ajay Bhushan...
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