New Delhi, Sep 5 (IANS) Shares of Ola Electric Mobility dropped nearly 8 per cent on Thursday’s intra-day trading session after Japanese investment giant SoftBank cut its stake in the electric scooter maker through open market deals.
New Delhi, Sep 5 (IANS) The revenue of India Inc. will likely grow 6-7 per cent during the current financial year because of the reduction in the goods and services tax (GST) rates. The reductions will have a positive impact on consumption, which accounts for 15 per cent of the revenue of corporates, according to a Crisil Intelligence Report released on Friday.
New Delhi, Sep 5 (IANS) In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.
New Delhi, Sep 5 (IANS) Rationalisation of tax rates on construction material by the GST Council is expected to provide the real estate sector some relief as the overall construction cost would decline by 3.5-4.5 per cent, a report said on Friday.
New Delhi, Sep 5 (IANS) The recent GST reforms will give a major boost in further enhancing productivity and competitiveness of the dairy sector while ensuring sustainable livelihoods, directly benefitting over 8 crore rural farmer families, according to the government.
New Delhi, Sep 5 (IANS) Two-wheelers and passenger vehicles (PVs), which together account for 90 per cent of the domestic automobile industry’s volume, are expected to see demand increase by 200 basis points (bps) and 100 bps, respectively, a Crisil report showed on Friday.
New Delhi, Sep 5 (IANS) The next-generation GST reforms are a historic leap forward for India’s textile sector, serving as a catalyst for the country’s march towards becoming a $350 billion textile economy by 2030, according to the government.
New Delhi, Sep 5 (IANS) India has demonstrated the potential to gasify coal with high ash content through proven indigenous technology trials, according to experts at a NITI Aayog event.
Mumbai, Sep 5 (IANS) The Indian benchmark indices opened higher on Friday, buoyed by transformative rate reductions announced by the GST Council across sectors as buying was seen in the auto, IT and PSU bank shares in the early trade.
New Delhi, Sep 5 (IANS) The ‘SEMICON India 2025’ event brought together global industry leaders, policymakers, academia, companies and startups -- fostering investment, dialogue, and strategic partnerships, according to the government.
