It is reported that The Reserve Bank of India stopped printing Rs 2000 notes in March this year. The federal bank is also not likely to print any more Rs 2,000 notes in the current financial year. The RBI, meanwhile, has shifted its focus on printing the newly approved denomination of[Read More…]
For the first time, equity benchmark NSE Nifty touched a high of 10,000 in Tuesday’s opening trade. The broader index opened at 10,010.55, and gained 44.15 points. The BSE Sensex was also on a surge as it opened at 32,350.71, up by 104.84 points. Sensex was up by 0.12% and[Read More…]
Though the Zest and the Bolt started Tata Motors’ revival, it tasted success in a long time with the Tiago hatchback. The Tiago, which sees a dip of as much as over Rs 50,000 post-GST, is Tata’s bread and butter model and currently retails between 4000-6000 units monthly. There’s a marginal drop in prices in the[Read More…]
Patanjali Ayurveda, has been listed among the 10 most influential brands in India together with electronics giant Samsung and new entrant Reliance Jio, as per a study by global research firm Ipsos. While Google was ranked at top of the list, followed by Microsoft and Facebook, domestic giant Patanjali and[Read More…]
At least 2,000 employees will be affected as the Tata Consultancy Services (TCS) is preparing to bid farewell to Lucknow. The staff members on Wednesday have claimed that they were told by their team leaders that the company is wrapping up the work at the centre. Reportedly, 50% are women[Read More…]
NITI Aayog vice-chairman Arvind Panagariya on Monday has said that underemployment is probably the biggest economic challenge that India faces currently. Panagariya was speaking at the Aayog’s day-long conference of state chief secretaries in New Delhi. He said quick growth can be attained by moving workers out of agriculture to[Read More…]
Hours after a Tech Mahindra employee was being asked to quit by human resource executive and the story went viral, Mahindra Group Chairman Anand Mahindra took to Twitter to apologize for the same. “I want to add my personal apology. Our core value is to preserve the dignity of the[Read More…]
IndiGo on Thursday has said that it is planning to start low-cost long haul international flights. It is also planning to buy Air India’s overseas operations. A week after expressing interest in buying out the operations of debt-laden Air India, IndiGo’s founders, Rahul Bhatia and Rakesh Gangwal, laid out the[Read More…]
In a shocking revelation, former Tata Finance chief Dilip Pendse’s lawyer has claimed that the corporate honcho may have killed himself as he was “depressed about fighting a court case for 16 years to prove he had no role in the alleged irregularities” in the company over which he was[Read More…]
Busting a massive inter-district drug racket in Bihar, six persons along with two women have been arrested and 68 KG of Ganja (marijuana) recovered from Kaimur district of south-west Bihar. The value of seized drugs is approximately 25 lakhs, says the Police. A team lead by Mohania sub-divisional police officer[Read More…]
The Supreme Court has asked the government and Reserve Bank of India (RBI) on Tuesday to provide an opportunity to the people who couldn’t submit demonetised bank notes before the December 30, 2016 deadline. “If someone has a genuine reason, you cannot deny him the opportunity to deposit the money,” a[Read More…]
It has been a couple of days since Goods and Service Tax (GST) came into effect and we’ve seen automakers wasting no time to get their vehicle prices down to start luring customers to their showrooms. While we’ve seen Maruti, Audi, Jaguar, Land Rover and Toyota complete this activity on July 1, Ford India has now joined the list.[Read More…]
Royal Enfield is one of the few manufacturers that sell bikes both above and below the 350cc mark. Under the new GST norms, bikes below 350cc attract a tax of 28 per cent while bikes with engine capacities above 350cc are taxed at 31 per cent. Earlier, all bikes were taxed[Read More…]
While the start-up culture in continues to develop across boundaries, a start-up firm Bancor raised $153 million in cryptocurrency in its own Initial Coin Offering, in just 3 hours! This new magically potential way to raise capital for your business is called the initial coin offering. What is Initial Coin[Read More…]
In the latest development on the Aadhaar debate, the Centre has made quoting of Aadhaar mandatory for the opening of bank accounts as well as for any financial transaction of ₹50,000 and above. While the existing account holders have been asked to submit their Aadhaar numbers issued by the Unique[Read More…]
Many of us have heard of Bitcoins for the first time when it surfaces in the news recently for being the only payment method to pay ransoms to WannaCry attackers. But, you will be surprised to know that Bitcoins can be used for a host of other things. In fact,[Read More…]
The state-run Bharat Sanchar Nigam Limited (BSNL), in collaboration with the Universal Service Obligation Fund (USOF), is going to set up 25,000 Wi-Fi hotspots in its rural exchanges by next six months. The memorandum of understanding (MoU) was signed on Friday in the presence of Communications Minister, Manoj Sinha. According[Read More…]
With the roll-out of the Goods and Service Tax (GST) regime from July 1, the tax waiver to films by the Haryana government will be a thing of past. However, if the state waives tax on a movie, it will not only lose its own share of the GST, but will[Read More…]
In order to create awareness about financial literacy, Reserve Bank of India (RBI) has decided to observe ‘Financial Literacy week’ every year. RBI will reach out to people, especially in rural areas and will educate them on financial matters. Regional Director, Amarnath, said, “The week will be observed from June[Read More…]
The government recently declared an ambitious plan to decrease air pollution. It had said that India will only have electric cars running on its roads by 2030. Tesla CEO Elon Musk, who is a great enthusiast of electric cars, took no time to respond to the Indian government’s plan. “India[Read More…]
After the government banned the sale of cows for slaughter, farmers and traders have began putting up advertisements to sell their cows on digital marketplace like OLX. After days of protests and confrontations, the cattle traders have finally found a new way of making use of Digital India. As traders[Read More…]
India’s Gross Domestic Product (GDP) witnessed a sharp slowdown of 6.1% in Q4 from 7% in the previous quarter, said the data released by the government on Wednesday. Over the quarters of FY2017, GDP growth has spotted a downtrend from 7.9% in Q1 to 7.5% in Q2 to 7.0% in[Read More…]
The hotels in South India have decided to observe a day’s bandh on May 30 in a protest as the GST rates declared by the Union Government will cripple the hotel industry and place an unbearable burden on the common man said T Satyanarayana, the general secretary of the AP[Read More…]
Patients will be forced to go through long queues at government pharmacies or hospitals to buy medicines on Tuesday as 8.5 lakh chemist shops likely to remain shut across India. The wide protest was called by the All India Organisation of Chemists and Druggists (AIOCD) against the Centre’s step to[Read More…]
Goods and Service Tax (GST) is in its final stages of revision before it is implemented countrywide on July 1, 2017. While GST has rendered the car as a luxury commodity, its recent release of tax structure has had a mixed bag of news for the automotive industry. After a[Read More…]
