Business

Chinese developers sue Apple for 'abuse of App Store control'

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".

There's a place for you at Google: Pichai to girls

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.

Tax-GDP ratio to increase 30 bps for next two fiscals

 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.

iPhone 8 can make Apple world's first trillion dollar company

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.

RBI expected to cut key interest rate on Wednesday

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.

New consumer protection bill could be next big game changer

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.

PHD Chamber constitutes citizen-centric Demand-Side Management Task Force

 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. 

Telecom index sheds almost 2%, Bharti Airtel worst loser

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.

Accenture opens first innovation hub in Bengaluru

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.

Ramdev's Patanjali ventures into private security business

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.

Infosys revenue outlook up despite flat growth in Q1

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).

'No GST official authorised to visit traders without permission'

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.

GST Most Pivotal Tax Reform Introduced Ever, Will End Tax Terror: Chhina

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’.

GST effect: Automobile companies reduce prices

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

Uber launches UberEATS in Delhi NCR

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.

TDS, TCS provision for government, e-commerce operators postponed

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.

Modi invites US business, says GST will ease way

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.

Don't wait for last day to file returns, cautions GSTN Chairman

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.

Reliance Jio beats Huawei in Indian data card market

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.

Assistant Commissioner Jalandhar asks banks to play pro-active role for welfare of weaker sections

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. 

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