Business

Tata Motors to hike prices of passenger vehicles

Tata Motors on Monday said it will increase prices of its entire passenger vehicle range by up to Rs 25,000, starting from January, due to rising input costs.

Additional financial package sought for loss-hit Darjeeling tea industry

The Union Commerce Ministry has sought additional financial assistance from the Department of Expenditure to support the Darjeeling tea industry which had suffered huge losses due to the indefinite shutdown in the north Bengal hills and is working out a mechanism for extending the support, an official said.

RBI maintains key rates, concerned over inflation

In its penultimate monetary policy review of the fiscal, the Reserve Bank of India (RBI) on Wednesday maintained status quo on its key lending rates citing concerns over the rising trajectory of inflation.

Google, Tata Trusts to expand Internet Saathi programme

Aiming to build on their mission to improve digital literacy amongst women in rural India, Google India and Tata Trusts on Tuesday announced a new sustainable framework that would establish an entrepreneurship movement in rural India.

Tata Innovation Centre inaugurated at New York's Cornell Tech

Following a $50 million investment from IT major Tata Consultancy Services (TCS), Cornell University in New York on Tuesday inaugurated the Tata Innovation Center on its Cornell Tech Roosevelt Island campus.

Infosys Foundation signs MoU with International Centre for Theoretical Sciences

Infosys Foundation, the philanthropic arm of Infosys, has signed four Memorandums of Understanding (MoUs) with the International Centre for Theoretical Sciences – Tata institute of Fundamental Research (ICTS – TIFR) Bangalore, to support research and mentoring activities.

Airtel acquires strategic stake in Juggernaut Books

Bharti Airtel, one of Indias largest telecommunications service providers, announced on Monday that it has acquired a strategic stake in Juggernaut Books, a popular digital platform to discover and read high quality, affordable books and to submit amateur writing.

Sunil Bharti Mittal to pledge Rs 7,000 crore of wealth towards philanthropy

NEW DELHI: The Bharti family, led by industrialist Sunil Bharti Mittal announced on Thursday it would pledge 10 per cent of its wealth, which is approximately Rs 7,000 crore, including its three per cent stake in group flagship Bharti Airtel, towards supporting the activities of Bharti Foundation, the Group's philanthropic arm.

IT department to challenge ITAT order favouring Tatas

Income Tax (IT) authorities are expected to challenge a recent order of the IT Appellate Tribunal (ITAT) here that dismissed a bid to tax the Tatas on capital gains of around Rs 1 lakh crore from the 2006 sale of Idea Cellular shares by a Mauritius subsidiary of the group.

1,500 entrepreneurs/investors from 150 countries for GES 2017 in Hyderabad

INDIANAPOLIS/HYDERABAD: The eighth annual Global Entrepreneurship Summit (GES) will be organized in Hyderabad, capital of Telangana state (India), from November 28 to 30. It was announced by co-hosts  United States of America and the Republic of India. The Summit will highlight the theme Women First, Prosperity for All, and will focus on supporting women entrepreneurs and fostering economic growth globally.

Cabinet approves anti-profiteering authority under GST

NEW DELHI: The Union Cabinet on Thursday approved setting up of the anti-profiteering authority under the Goods and Services Tax (GST) regime to be composed of a chairman and four technical members.

GST Council removes 178 items from 28% slab, only 50 left

GUWAHATI: In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing input credit facility for them. Industry welcomed the changes saying these would boost consumer demand

'GST on 50 items of mass consumption slashed to 18%'

GUWAHATI: The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers panel for tackling IT-related glitches, said on Friday.

PayPal launches India operations

Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade, the company said.

Mukesh Ambani tops Forbes' 2017 list of India's 100 richest tycoons

With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual list of Indias 100 richest tycoons of 2017, a statement said here on Thursday.

Ask small traders about ease of doing business in India: Gandhi to Jaitley

Congress Vice President Rahul Gandhi on Wednesday mocked at the BJP government over India's improved global ranking in ease of doing business, asking Finance Minister Arun Jaitley to see how small traders were suffering due to the double blow of demonetisation and hasty implementation of GST.

Vigilance Awareness Week in Bank of India

 A clear conscience is the epitome of integrity” with these inspiring words of Shri Atanu Kumar Das, Executive Director, Bank of India, unwrapped the Vigilance Awareness Week-2017 in the Board Room of their Corporate Office at Mumbai.

Did RBI have authority to issue Rs 2,000 and Rs 200 currency notes?

MUMBAI: In what could be a bizarre situation, the Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation, according to documents available through RTI.

Genesis Burson Marsteller wins Sabre award for work with Medela

NEW YORK:  Burson-Marsteller, a leading global strategic communications and public relations firm, today announced its Indian operation, Genesis Burson-Marsteller, won a 2017 Global SABRE Award for its campaign with Medela called Back to Work. Presented by leading industry publication The Holmes Report, the Global SABRE Awards celebrate superior achievement in branding, reputation and engagement and recognize the 40 best PR campaigns in the world. The awards were presented at a ceremony during #PRovoke17, The Holmes Report’s Global PR Summit, in Miami on October 25. Back to Work ranked ninth out of the top 40.

Amazon gets 238 proposals for second headquarters

Commerce and Cloud computing giant Amazon has said it has received 238 proposals from cities and regions vying to host its second headquarters.

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