Category: Business

CAIT says it will organize 100 workshops on GST across India to educate traders

The Confederation of All India Traders (CAIT) has said that it will organise 100 workshops on GST across India to educate traders about the new tax regime. CAIT said in a release issued in Mumbai today that the industry body is working closely with HDFC Bank, Tally Solutions and Mastercard in its endeavour to educate […]

RBI: States’ fiscal deficit soars to Rs 4.93 trillion in FY16

The gross fiscal deficits of all the states skyrocketed to 4,93,360 crore Rupee in the last fiscal from the 18,790 crore rupee in the financial year 1991, according to the latest RBI data. Most populous state Uttar Pradesh and the largest Rajasthan lead the list of states with highest deficit. According to the second edition […]

RBI amends Banking Ombudsman Scheme

The central bank has extended the scope of Banking Ombudsman Scheme. The Reserve bank said that under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/ electronic banking services in India. As per the amendment, the pecuniary […]

10 Ways Leaders Think Differently

  • by beena
  • 2 Days ago
With so much technology and information at our hands today, we can’t become influential leaders by solely relying on old-fashioned methods. To create value for a business, you need to be able to do more than just put together a fancy presentation and come up with long, impressive words at meetings. You need to be […]

22 Qualities That Make a Great Leader

  • by beena
  • 2 Days ago
1. Focus “It’s been said that leadership is making important but unpopular decisions. That’s certainly a partial truth, but I think it underscores the importance of focus. To be a good leader, you cannot major in minor things, and you must be less distracted than your competition. To get the few critical things done, you […]

Sensex tumbles 153 pts on profit-booking

Benchmark Sensex gave up early gains to end 153 points lower at 31,138.21 today while the Nifty cracked below the 9,600-mark as investors took profit ahead of a long weekend. On a weekly basis, the Sensex gained 81.81 points, or 0.26 per cent, while the broader Nifty shed 13.10 points, or 0.13 per cent. Markets […]

More reason to cheer this long weekend as Snapdeal announces Double Sale Bonanza!

This monsoon, offers just keep pouring in from Snapdeal as it announces a double sale bonanza on June 24 and 25, with the biggest yet Unbox Monsoon Sale plus Weekend special edition of the ongoing End-of-season-sale. With upto 80 percent off plus extra 10 percent instant discount on SBI debit and credit cards, this is […]

Amazon India appoints NUOAURA as its India office supplies vendor

E-commerce giant Amazon India has announced its tie-up with NUOAURA (the B2B ecommerce platform that sells office supplies) for a period of three years for an undisclosed amount. This move helps Amazon India automate their entire procurement process for Stationary Supplies, thereby bringing efficiency in their sourcing system. NUOAURA, an Arkarise Group Venture, is a […]

Why commodity trading can be an attractive asset class for retail investors

  • by beena
  • 2 Days ago
Indian investors and traders have generally remained focused on trading in equity markets, while world over commodity markets are bigger than equities. One reason is the relative ease in relating to commodities as compared to equities. Even an Indian house wife tracks gold prices closely, irrespective of the fact that she will be buying the […]

HDFC Bank to organise GST workshops across India

HDFC Bank Ltd will be organising awareness workshops to educate traders, merchants, and businessmen on the forthcoming Goods and Services Tax (GST) Bill, which is slated to come into effect on July 1, 2017. Ahead of its rollout, more than 500 workshops will be held at over 300 towns and cities. The GST is proposed […]

Important info related to GST Registration

1. If you are a Taxpayer having received Acknowledgement Reference Number (ARN) – You should be able to download the Provisional Registration Certificate from “Download Certificates” at GST website from 27th June 2017. 2. If you are a Taxpayer, who has saved the enrolment form with all details but has not submitted the same with […]

Zydus Wellness announces national launch of Sugar Free Green

Sugar Free, the market leader in the sugar substitute category in India with a market share of over 94 percent, announced the national launch of its new variant – Sugar Free Green. Developed using Stevia leaves – a 100 percent natural sugar substitute – Sugar Free Green is available in two formats-powders and pellets. The […]

Air India debt unsustainable, should go to private hands: Niti Aayog

Niti Aayog has said that debt level of Air India is unsustainable and it should be privatized. The Vice Chairman of Niti Aayog, Arvind Panagariya said this in an interview to a TV news channel, yesterday and recommended complete privatisation of the airline. He said government will decide in next six months on the airline’s […]

Not pessimistic on IT jobs, startups should help: Urjit Patel

  • by beena
  • 3 Days ago
Reserve Bank Governor Urjit Patel today said he is not overly pessimistic about employment scenario in the IT sector, pointing out that mushrooming startups can compensate for job losses. The comments came almost simultaneously with industry lobby Nasscom guiding towards a slowdown in export revenue growth at 7-8 per cent in 2017-18 as against the […]

7th Pay Commission: Madhya Pradesh government to start giving benefits from July onwards

  • by beena
  • 3 Days ago
Madhya Pradesh Finance Minister, Jayant Malaiya, this week announced that the state government employees will start receiving the Seventh Pay Commission benefits from July 1 onwards. However, this is to be noted that even after the several requests, the MP cabinet has not yet cleared the implementation of the 7th Pay Commission. “The proposal to […]

Tata Power offers to sell 51% stake in Mundra for Re 1

  • by beena
  • 3 Days ago
Tata Power has offered to sell 51 per cent stake in its 4,000 MW Mundra power project for Re 1 to states like Gujarat, which buy electricity from it, to tide over the financial crisis facing this business. Coastal Gujarat Power Ltd (CGPL), the Tata Power unit which operates the Mundra project, wrote to Gujarat […]

Sensex gets a buying lift, edges up 75 points

The Sensex climbed 75 points to 31,365 at the start today, aided by fresh domestic and foreign buying amid mixed Asian pointers. Caution set in as investors waited for the launch of the Goods and Services Tax (GST) due on July 1. The 30-share index advanced 74.65 points, or 0.23 per cent, to 31,365.39. It […]

GST to lower overall taxes in long-term, says RBI governor

Reserve Bank of India governor Urjit Patel today said that the soon-to-be implemented Goods and Services Tax (GST) will not only create a national market but will also broaden the tax base, which in turn will lower the overall taxes in the long-term. Addressing an event organized by IMC Chamber of Commerce and Industry in […]

GST registration for existing Service Tax, Excise, VAT to reopen on June 25th

Government has said a new window for registration for Goods and Services Tax for excise, service tax and VAT payers will reopen on June 25th. Talking to media, Revenue Secretary Hasmukh Adhia said traders and businessmen can enroll themselves on GSTN website. Two rounds of registration have already taken place. 80 percent of the 80 […]

First time in India : This Bengaluru-based startup will deliver diesel at your doorstep

  • by beena
  • 3 Days ago
Running out of fuel and have no time to go to a petrol pump? Well, in case you are in Bengaluru, this won’t be a problem anymore. A city-based startup has come up with a unique idea of delivering the diesel at customers’ doorstep. Bengaluru’s Mypetrolpump, a one-year-old startup by an IIT-Dhanbad alumnus Ashish Kumar […]

Colgate scholarship offer – a small step towards your child’s bright future

Colgate-Palmolive India Ltd., the market leader in oral care in India launched its annual Colgate Scholarship Offer. As a part of this limited-edition offer, valid till July 31, 2017, Colgate is offering more than 300 scholarships worth more than Rs. 52 lakh, to help children take small, yet meaningful steps in fulfilling their dreams. Since […]

Luxury brand Omega launches 1957 Trilogy limited-edition watches

Over the course of one famous year, Omega released three professional timepieces that would all go on to become absolute classics: The Seamaster 300, the Railmaster and the Speedmaster. That year was 1957. In 2017, Omega is paying tribute to these three mechanical masterpieces by releasing special 60th Anniversary editions of each model, which can […]

Air India,Jet Airways to fly extra in Kerala-Qatar route during Eid

  • by beena
  • 3 Days ago
The Indian government has asked domestic carriers Air India and Jet Airways to increase the number of flights on the Thiruvananthapuram-Doha and Doha-Cochin sectors to meet the surge of passengers ahead of Eid. This move comes in the backdrop of a blanket ban on Qatar carriers to and fro by major middle-eastern countries (and vice […]

Retailers need to file single GST return every month : Govt

  • by beena
  • 3 Days ago
Days before the rollout of the landmark GST, the government today sought to dispel the notion that the new tax regime will be cumbersome and compliance- heavy, saying taxpayers need to file only one return every month, similar to what they presently do. In an interview to PTI, Revenue Secretary Hasmukh Adhia said the notion […]

Congress warns Amitabh Bachchan against GST adverts

  • by beena
  • 3 Days ago
The Opposition Congress on Wednesday asked Amitabh Bachchan to refrain from promoting the Goods and Services Tax (GST) or face protest from the party. The superstar responded by saying he is doing it because he was asked. Mumbai Congress leader Sanjay Nirupam has asked the 74-year-old Bollywood superstar to stop promoting GST, a uniform tax […]

Sensex makes a 136-pt rebound as bad loan fight paces up

The BSE Sensex made a strong recovery of 136 points at the start today on the back of a slew of steps by regulator Sebi to make markets more attractive for investments. Asian cues remained mixed. The 30-share index rebounded by 136.27 points, or 0.44 per cent, to 31,419.91. Realty, metal, power and auto were […]

SEBI relaxes norms for banks to take over stressed assets

Capital markets regulator, SEBI on Wednesday relaxed take over norms for acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. SEBI Chairman Ajay Tyagi said this after a board meeting in Mumbai, on Wednesday. SEBI’s board also approved a proposal to tighten rules […]

Yoga is an eternal process: Kaushal Sharma

Third International Yoga Day 2017: Jindal Steel organizes it enthusiastically Raipur:For the third consecutive year Jindal Steel & Power Ltd Raipur celebrated international day of yoga in the plant premises at Mandir Hasaud, Raipur. The officials feel efficiency increases through yoga in employees. This gives immense of self-motivated sentiment of employees remained important in this […]

Govt asks banks, post offices to deposit scrapped notes by July 20th

Government has asked banks to deposit demonetised notes at RBI by the 20th of next month. The government has permitted banks and post offices to deposit junked Rs. 500 and 1,000 notes with the Reserve Bank by the deadline. This is the second window being provided to banks, post offices and cooperative banks for depositing […]

FCA India opens pre-bookings for the Jeep Compass in Delhi/NCR

Fiat Chrysler Automobiles (FCA) India today announced the opening of pre-bookings for its Made in India Jeep® Compass in Delhi. To pre-book the Sports Utility Vehicle (SUV), interested customers can either log in to the company’s official website or visit the nearest FCA or Jeep-exclusive showroom and place a pre-booking amount of Rs. 50,000. […]

Rupee witnesses 14 paise decline against USD

The rupee rate on Wednesday saw a 14 paise decline in comparison to the US Dollar (USD), which was capped at 64.64. The fall in the rupee can be attributed to a fragile domestic equity market, apart from a surge in purchase of American currency by importers and financial institutions. Meanwhile, the sensex witnessed a […]

Aviation sector to provide job opportunities to over 12 lakh people: Jayant Sinha

Union Minister of State for Civil Aviation, Mr Jayant Sinha has said that aviation sector will drive India’s economic growth by providing job opportunities to over 12 lakh people. Addressing the Airport Investments Summit organised by Indian Merchant Chambers in Mumbai yesterday, Mr. Sinha said, the sector is growing at 12 percent annually and the […]
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