Tax sop helps, Maruti cuts car prices by Rs 5,000

New Delhi (IANS) Following the announcement of reduction in corporate taxes by Finance Minister Nirmala Sitharaman, Indias largest car company, Maruti Suzuki on Wednesday announced an immediate Rs 5,000 cut in prices of its bestselling cars.

These…

RBI bars PMC Bank from doing business for 6 months

Mumbai (IANS) The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the depositors…

Flipkart adds 50K direct jobs ahead of festive season sale

Bengaluru (IANS) E-commerce major Flipkart on Tuesday said it has added over 50,000 direct jobs across its supply chain, logistics arm and customer support ahead of the festive season and the Big Billion Days sales.

Flipkart said in the run…

Infosys ranked 3rd in Forbes 'best regarded' companies list

New Delhi  (IANS) Infosys, TCS, and Tata Motors are among the 17 companies that have made it to the latest Forbes' list of the World's Best Regarded Companies.

While Infosys has been ranked third in the list --…

LNG from Petronet-US firm deal to reach India only by 2024

New Delhi (IANS) State-run Petronet LNGs $2.5 billion investment to secure 5 million tonnes of liquefied natural gas (LNG) from Tellurian is unlikely work to the advantage of India as the first set of gas from the US-based natural gas companys Driftwood…

No Monday Blues: Sensex up over 1,200 points

Mumbai (IANS) Bull run in the domestic stock markets continued for the second straight day as the BSE Sensex rose over 1,200 points on Monday.

The corporate tax cut rate announced on Friday that was dubbed as mother of all measures to combat…

Petronet may invest $2.5 bn for 20% stake in US gas company

New Delhi (IANS) Country's largest LNG importer Petronet LNG Ltd (PLL) will invest close to $2.5 billion to pick around 20 per cent stake in US natural gas company Tellurians Driftwood project in Louisiana, two sources aware of the deal told IANS.

Health, export key to become $5-tn economy: Niti Aayog VC

New Delhi (IANS) With India aiming to become a $5-trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to focus on making its people healthier, especially at the grassroots, and improve the export of…

Corp tax cut credit positive, raises fiscal risks: Moody's

Mumbai (IANS) Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday.

On September 20, Finance minister Nirmala Sitharaman announced a reduction…

FM announces tax bonanza for corporates, exchequer to take Rs 1.45L cr hit

New Delhi (IANS) In a major bonanza for corporates as part of measures to promote growth and investment, Finance Minister Nirmala Sitharaman on Friday announced to slash corporate tax rate to 22 per cent for domestic companies and 15 per…