Business

The Centre has recently increased the import duty on sugar from 40 percent to 50 percent following the recent decline in the global sugar prices and improved outlook for domestic sugar production for the coming sugar season.

The level of dollar selling by exporters and banks intensified, too. A muted show by the greenback against other currencies overseas added momentum to the rupee.

Chairing a meeting of Pro-Active Governance and Timely Implementation (PRAGATI), Prime Minister Narendra Modi on Wednesday asked all chief secretaries to work expeditiously towards ensuring that all traders register under the GST regime before August 15.

The direct flight to Los Angeles is expected to be launched by October, while the date for the flight to Houston or Dallas in Texas has not been determined yet, Lohani said.

Vistara boasts of great value at these promotional prices and promises world class services in its Airbus A320 Neos.

The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report.

RBI said its stress tests showed that a “severe” credit shock would likely impact the capital adequacy and profitability of a significant number of banks.

As countdown for the most ambitious tax reform, Goods and Services Tax (GST), nears its culmination point, Delhi’s biggest wholesale consumer goods market, Sadar Bazaar witnessed a bandh by traders who blamed the government for not bothering to create awa...

Commenting on fears around data safety, Kumar says no shareholder will have access to the database. Kumar also says that GSTN software is foolproof and ready to serve taxpayers across the country.

Faced with cash crunch, realty firm Unitech has sold 74-acre land in Gurgaon, Chennai and Hyderabad for Rs 260 crore to boost its cash flow and complete ongoing projects.

Insolvency and Bankruptcy Board of India (IBBI) Chairman M.S. Sahoo on Monday said that there is a process which banks need to follow post which the 12 non-performing assets (NPAs) cases would come before the IBBI for resolution.

Indian low-cost carrier SpiceJet signed a provisional deal on Monday to buy 40 of Boeing's newly launched 737 MAX 10 jets.

The rupee advanced by 11 paise to 64.32 against the US dollar on Monday as selling of the American currency by exporters and banks paced up.

The GST Council on Sunday unanimously agreed on July 1 rollout of the Goods and Services Tax despite some pending issues, with Union Finance Minister Arun Jaitley saying that India does not have the "luxury of time" to defer implemention of the new indire...

India is ready to launch the Goods and Services Tax (GST) on July 1, the official steering the process told Reuters, saying the technology that will drive it is robust and dismissing fears the tax is too complicated.

Rumours of a delay in the implementation of the Goods and Services Tax (GST) are false, Revenue Secretary Hasmukh Adhia tweeted on Tuesday morning.