Business

Apple is facing regulatory problems in China after a group of 28 app developers filed a complaint against the Cupertino-based American multinational technology giant, accusing the company for "abuse of market power and App Store control".

After reportedly cancelling a town hall meeting to allay the fears over an anti-diversity manifesto, Google's India-born CEO Sundar Pichai finally addressed a coding event for girls on the campus.

 The tax-GDP ratio will see an increase of 30 basis points (bps) each in 2018-19 and 2019-20 due to the impact of demonetisaion and the roll-out of the Goods and Services Tax (GST), according to the Medium-Term Expenditure Framework (MTEF) Statement tabled in the Lok Sabha on Thursday.

Riding on the 'better-than-expected iPad and iPhone sales', the upcoming flagship device iPhone 8 could make the Cupertino-based giant the first company to reach and sustain a $1 trillion market cap, analysts have predicted.

With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday.

A new consumer protection bill that is likely to be tabled during parliament's ongoing monsoon session is seen as the next big game-changer for the common man, replacing as it will legislation that has been in force since 1986 when the economic landscape and consumer awareness were in their infancy.

 A structured consumer participation in managing power needs of the city would be the next step where the Chandigarh Administration is working to optimize and make city energy efficient, said Mukesh Anand, Chief Engineer, Union Territory, who was the special guest at the roundtable discussions held at PHD Chamber of Commerce and Industry today. 

MUMBAI : The S&P BSE telecom index fell by almost 2 per cent on Thursday, with stocks of major telecom operators such as Bharti Airtel and Idea Cellular figuring among the worst losers.

BENGALURU : IT company Accenture on Thursday opened its first innovation hub in Bengaluru that will offer organisations access to knowledge, leading technology capabilities and business acumen in over 40 industries.

Punjab News Express
HARIDWAR : Yoga guru Baba Ramdev-promoted Patanjali Group, which has gained a major foothold in the fast-moving consumer goods (FMCG) market and Ayurvedic products business, is all set to enter the private security business, Patanjali officials said on Friday.

Punjab News Express
BENGALURU : Beating the street estimates, global software major Infosys Ltd on Friday gave a marginally higher revenue outlook in dollar and rupee value for fiscal 2017-18 despite flat and subdued growth in the first quarter (April-June).

Punjab News Express
NEW DELHI: In view of reports that some people posing as GST officials were demanding money from traders, the government on Saturday said that no officer of the department is authorised to visit the shopkeepers without authorisation.

Punjab News Express
AMRITSAR: Terming the introduction of Goods and Services Tax (GST) as most pivotal tax reform ever initiated in the country, Punjab Bhartiya Janata Party’s state executive member Rajinder Mohan Singh Chhina today hailed new tax regime which he said will end `tax terror’ by ending the prevailing `Inspector Raj’. He said the new taxation will usher a new era of development, growth and progress as he praised Prime Minister Narender Modi and Union Finance Minister Arun Jaitley for `bold decision’.

Punjab News Express
NEW DELHI: Several automobile companies have reduced their vehicle prices after the rollout of the Goods and Services Tax (GST).

Punjab News Express
NEW DELHI : Global ride-hailing service Uber on Wednesday launched its food delivery service app UberEATS in the Delhi-Natiomnal Capital Region, starting with Gurugram.

Punjab News Express
NEW DELHI : With just five days to go for the roll-out, the government has postponed the provision relating to one per cent Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) for two categories of deductors -- government, including local authorities, and e-commerce companies and their suppliers.

Punjab News Express
WASHINGTON : Prime Minister Narendra Modi made his most compelling invitation to American business to invest in India, telling them that the Goods and Services Tax (GST) that will come into effect from July 1 could be a subject of study in US business schools.

Punjab News Express
NEW DELHI: Despite the GST Council giving a one-month extension in filing returns under the new indirect tax regime, businesses should start uploading invoices much earlier, says Goods and Services Tax Network (GSTN) Chairman Navin Kumar.

Punjab News Express
NEW DELHI : With a surge in 4G adoption in the country, Reliance Jio has replaced Huawei as the most favoured 4G/LTE data card vendor (in terms of market share/unit shipments) in the second half of financial year 2016-2017.

Punjab News Express/ SK.Vyas
JALANDHAR: Assistant Commissioner Jalandhar Dr Ankur Mahendru today asked the Banking institutions to play a proactive role for ensuring the welfare of weaker and underprivileged sections of the society.