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Number of PSBs may go down to 12 as govt mulls consolidation

Number of PSBs may go down to 12 as govt mulls consolidation

The government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12, an official said. The…

Govt asks businesses to register under GST by July 30

Govt asks businesses to register under GST by July 30

The government asked traders to get registered under the Goods and Services Tax (GST) regime by July 30. However, traders with turnover of below Rs 20 lakh or those engaged…

Patanjali, Reliance Jio among 10 most influential brands

Patanjali, Reliance Jio among 10 most influential brands

Yoga guru Ramdev promoted Patanjali Ayurveda has been featured among the 10 most influential brands in India along with electronics major Samsung and new entrant Reliance Jio, according to a…

WPI inflation falls sharply to 0.90% in June, food prices ease

WPI inflation falls sharply to 0.90% in June, food prices ease

Wholesale inflation fell to 0.90 per cent in June — the lowest in at least eight months — as prices of food articles, including vegetables, declined. Inflation based on the…

No GST on sale of old gold jewellery, vehicles by individuals

No GST on sale of old gold jewellery, vehicles by individuals

A day after the government said that sale of old gold jewellery will attract 3 per cent Goods and Services Tax (GST) via the reverse charge mechanism, it clarified that…

‘NanoPhone C’, world’s smallest GSM phone, launched in India

‘NanoPhone C’, world’s smallest GSM phone, launched in India

E-commerce website, Yerha.com has officially announced its first device, dubbed ‘Elari NanoPhone C’. The company describes its ‘NanoPhone C’ as being the world’s smallest GSM phone. The handset comes equipped…

Infosys Q1 net grows 1.3% to Rs 3,483 cr

Infosys Q1 net grows 1.3% to Rs 3,483 cr

The second-largest Indian IT exporter Infosys reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for the quarter to June 2017. It had posted a net…

Jeep Compass India launch slated for end of July 2017

Jeep Compass India launch slated for end of July 2017

The Jeep Compass India launch is finally slated to take place on July 31, 2017. The Compass SUV has been one of the most anticipated car launches for this year…

SBI reduces NEFT, RTGS charges up to 75%

SBI reduces NEFT, RTGS charges up to 75%

In a move to promote digital transactions, State Bank of India has reduced its fees for online money transfer services – NEFT (national electronic funds transfer) and RTGS (real time…

Govt should rethink on the tax rates on Hybrids: Volvo Cars

Govt should rethink on the tax rates on Hybrids: Volvo Cars

Swedish auto manufacturer Volvo Cars said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST. The company…