Business

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. 

WhatsApp extends support for BlackBerry platform again

Punjab News Express
SAN FRANCISCO : In a temporary relief for BlackBerry users, WhatsApp has again decided to extend support for Blackberry smartphones.

Saraya industries denied Congress allegations of Rs.950 Cr fraud with Punjab sugar mills

Punjab News Express
CHANDIGARH: The Saraya Industries Limited has denmied the allgations by Congress leader Lalli Majithia that they have caused a loss fo Rs.950 crores to Punjab Cooperative Sugar Mills with the alleged connivance of former Akal minister Bikram Singh Majithia.

RBI issues new batch of Rs 500 notes

Punjab News Express
MUMBAI: The Reserve Bank of India has issued a new batch of Rs 500 denomination notes, an official said here on Tuesday.

37 returns instead of 13 - and other challenges threatening GST rollout

By IndiaSpend Team
A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from July 1, increasing work for industry, accountants and banks, according to an IndiaSpend analysis.

'Implement GST in select sectors to test it first'

Punjab News Express
CHENNAI : The Goods and Services Tax (GST) system should first be implemented in select industries and service sectors to test it before rolling it out on a full scale across the nation, a top tax lawyer said on Thursday.

Chinese smartphone maker iVOOMi to invest Rs 250 cr in India

Punjab News Express
CHANDIGARH : Chinese electronics firm iVOOMi on Thursday announced to invest Rs 250 crore to further strengthen its entry-level smartphones segment in the country.

RBI maintains short-term lending rate, cuts SLR

Punjab News Express
MUMBAI : Belying hopes of both the government and India Inc., the Reserve Bank of India (RBI) -- in its second bi-monthly monetary policy review of 2017-18 -- on Wednesday kept its key lending rate unchanged at 6.25 per cent.

DHFL Pramerica Life Insurance recognised as the marketeer of 2017

Punjab News Express
GURGAON: DHFL Pramerica Life Insurance was felicitated as the Marketeer of the Year 2017 at the 2nd Annual Insurance India Summit and Awards 2017 for delivering a full mix Marketing program for Dengue Shield. The award recognizes DPLI’s performance on key parameters such as creativity, strategy and financial Gains. The awards were adjudicated by a panel of esteemed veterans from the Industry, regulator, institutes and industry bodies. Nomination and selection process was managed by KPMG and witnessed participation from organizations across life and non life players.

Maruti Suzuki's May sales up 11 per cent

Punjab News Express
NEW DELHI : Automobile major Maruti Suzuki India on Thursday reported a rise of 11.3 per cent in its monthly sales for May 2017.

Nifty crosses 9,600 mark for first time

Punjab News Express
MUMBAI : The wider 51-scrip NSE Nifty touched the 9,600-mark for the first time in history during the mid-afternoon trade session on Friday.

Qualcomm tells court to force Apple to pay up

Punjab News Express
SAN FRANCISCO : Chip manufacturer Qualcomm has asked a US court to force Apple to pay up royalties for phone patents owned by Qualcomm.

Bank of India narrows net loss to Rs 1,045.54 cr

Punjab News Express
MUMBAI : The state run lender Bank of India on Monday reported a standalone net loss of Rs 1,045.54 crore in the quarter ended March 31, 2017 as compared to Rs 3,587.11 crore of net loss incurred in the year-ago period.

Digitization can play a vital role in the growth of logistic sector in India

Punjab News Express
Sumit Sharma (Co-Founder- GoBolt)

NEW DELHI : Today in 21st Century, India is turning rapidly towards Digitalization. It refers to the use of digital technologies to change a business model and provide new revenue and value producing opportunities; we can say it is the process of digitally transforming a business.

SBI net profit up 122.72% in Q4

Punjab News Express
KOLKATA : India's largest public sector State Bank of India on Friday reported a 122.72 per cent increase in its net profit to Rs 2,815 crore in the last quarter of 2016-17 fiscal ended March 31.

Axis Bank reduces home loan rates by 30 bps

Punjab News Express
NEW DELHI : Following other prominent banks, the country's third largest private sector lender Axis Bank on Thursday announced 30 basis points (bps) reduction in its home loan interest rates to promote affordable housing finance.

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