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GST: Finance ministry warns industry against hiking prices arbitrarily

GST: Finance ministry warns industry against hiking prices arbitrarily

With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the Finance ministry on Friday warned India Inc against raising rates arbitrarily…

Apple selling ‘Made in India’ iPhones on trial basis

Apple selling ‘Made in India’ iPhones on trial basis

The U.S-based technology major Apple has started selling iPhones at select stores in the country that were assembled in India as part of its trial run. “Apple is selling iPhone…

SBI Q4 net more than doubles to Rs 2,815 cr

SBI Q4 net more than doubles to Rs 2,815 cr

The country’s largest lender SBI reported more than doubling of its net profit at Rs 2,814.82 crore for the March quarter. The public sector bank had registered a standalone net…

Foodgrains to be cheaper under GST

Foodgrains to be cheaper under GST

Foodgrains will cost less from July 1 when the nation-wide Goods and Service Tax (GST) is rolled out as the GST Council on Thursday decided to exempt the daily-use commodities…

Paytm raises $1.4 bn funding from SoftBank

Paytm raises $1.4 bn funding from SoftBank

Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm. The funding will help Paytm — operated by One97 Communications —…

Petrol pumps to sell LED bulbs, tubelights, ceiling fans soon

Petrol pumps to sell LED bulbs, tubelights, ceiling fans soon

Consumers would soon be able to buy energy efficient LED bulbs, tubelights and ceiling fans at petrol pumps at much lower retail rates. The consumer would get the LED bulb…

Zomato reports data theft of 17 million users

Zomato reports data theft of 17 million users

Online restaurant guide and food ordering app Zomato said about 17 million user records have been stolen from its database. The stolen information contains user email addresses and ‘hashed’ passwords…

GM to stop selling vehicles in India, focus on exports

GM to stop selling vehicles in India, focus on exports

American auto major General Motors on Friday decided to stop selling its vehicles in India as there was no turnaround in its fortunes here after struggling for over two decades…

Indian IT industry rightly should be in panic: Rajat Gupta

Indian IT industry rightly should be in panic: Rajat Gupta

The Indian IT industry “rightly” should be in “panic” mode as it has not kept pace with the fast-changing innovation, India-born former McKinsey head Rajat Gupta has said. He said…

Govt mulls Rs 160/qtl hike in cotton MSP for 2017-18

Govt mulls Rs 160/qtl hike in cotton MSP for 2017-18

As farmers prepare fields for kharif sowing, the government is considering increasing the minimum support price (MSP) of cotton by Rs 160 per quintal to Rs 4,320 for the 2017-18…