Consumers may get GST benefit through grammage increase

Kolkata (IANS) With a view to passing the benefits of tax rate reduction or input tax credit to consumers in the GST regime, consumers may get volume benefit in lieu of only price reduction as the National Anti-Profiteering Authority (NAA)…

Sensex hits 38,000, Nifty at 11,400

Mumbai (IANS) The BSE Sensex on Friday touched the 38,000 mark for the first time since September, supported by healthy buying in the banking and finance stocks.

The Nifty50 on the National Stock Exchange also touched 11,400…

BSNL's total loss crossed Rs 90K cr: Kotak Equities

New Delhi (IANS) Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL's accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity…

India's February WPI rises to 2.93%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices rose to 2.93 per cent in February from 2.74 per cent reported for the corresponding month of 2018, official data showed on Thursday.

Even on a sequential basis,…

Fares soar over 100% as airlines cancel flights

New Delhi/Mumbai (IANS) Air passengers face the grim prospect of high air fares and fewer flight choices as several airlines have cancelled operations for a number of reasons, including the grounding of the Boeing 737-MAX aircraft.

Industry…

Now, India grounds Boeing 737-MAX aircraft

New Delhi/Mumbai (IANS) India's civil aviation regulator late on Tuesday suspended the operations of Boeing 737-800 MAX aircraft, after several other countries restrained their airlines from operating the aircraft type.

In a late night…

Premji earmarks 34% Wipro shares for philanthropy

Bengaluru (IANS) IT czar and Wipro Chairman Azim Premji has earmarked 34 per cent of Wipro Ltd shares worth market value of Rs 52,750 crore or $7.5 billion for philanthropy, a statement said on Wednesday.

"Azim Premji has increased his…

Homegrown e-commerce players form group

New Delhi (IANS) Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government…

Sensex up over 400 points, Nifty crosses 11,250

Mumbai (IANS) The domestic equity indices surged over 1 per cent on Tuesday, with the BSE Sensex gaining over 400 points after the European Commission and the UK agreed to "legally binding" changes in the Brexit deal ahead of the vote in…

Bharti Airtel to cut stake in Bharti Infratel

Mumbai (IANS) Telecom major Bharti Airtel will slash its stake in Bharti Infratel to 18.3 per cent by selling around 32 per cent stake to Nettle Infrastructure Investments, a regulatory filing by Infratel said on Tuesday.

Nettle Infrastructure,…