Business

Creating history, the NSE Nifty today breached the 10,000 level for the first time while the BSE Sensex hit another record high of 32,374.30 in opening trade led by rally in metal, banking, realty and FMCG stocks. The 50-issue Nifty breached the historic 10,000 level by gaining 44.90 points, or 0.45 per cent, to trade at all-time high of 10,011.30, ...

The suspense behind the 4G enabled phone developed by Jio was finally unveiled on Friday. Although the phone is effectively free of cost it does come with a security deposit of Rs 1500, which is entirely refundable after 3 years. A lot of the attention is being bestowed upon the “effective price” of Rs. 0 that Mukesh Ambani announced at ...

The government today 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 exclusively in the supply of exempted goods or services need not register under the new tax regime which has kicked in from July 1. “As per the GST laws, ...

Country’s largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions. State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000. IMPS is an instant interbank electronic fund transfer service through mobile ...

Goods and Service Tax (GST) has brought rejoice for the car buyers in India. While the conventional customers are enjoying significant price cut on various models, those who are willing to buy a supercar or an ultra-luxury car will feel a pre-season festivity, especially in Mumbai. The Maharashtra state government has raised the one-time registration tax on private two- and ...

Households will have to shell out up to Rs 32 more for each cooking gas (LPG) cylinder from this month due to the twin impact of GST and a reduction in subsidy. Consumers will also have to pay more for the two-year mandatory inspection, installation, administrative charges for documentation for new connections and additional cylinders as these have been put ...

Goods and Services Network (GSTN) has unveiled a simple excel based template that will facilitate the taxpayers in preparing and filing their monthly returns with maximum ease and minimal cost. The excel template is a part of GST Council’s approach to make tax compliance highly easy and convenient for taxpayers and also reduce the time of compliance to improve ease ...

Stock markets showed some strength on the first session of the new derivatives July series on Friday, with the BSE Sensex gaining over 64 points to 30,921.61 as investors took to optimistic buying ahead of GST rollout, expecting some hiccups on the way in the short-term. For the week, the Sensex recorded a fall of 216.60 points, or 0.69 per ...

 The proposal to privatise Air India is a welcome move but salary arrears should be settled first as promised earlier, feel pilots at the national carrier. Facing tough financial conditions, Air India had resorted to salary cuts in 2012. Since then, arrears have been accumulating even as certain section of employees accepted revised pay scales. The arrears to be paid ...

GST Network, the company providing IT backbone for the GST, will launch two call centres on Sunday to handle queries from taxpayers and tax officials. The Goods and Services Tax will be rolled out from July 1, and GSTN will have a major role to play as it will have to handle the huge traffic of invoices and turnover details ...