Business

The GST Council on Thursday constituted a committee of officers to improve revenue after the collections dropped to a 19-month low of Rs 91,916 crore in September reflecting weak consumer demand. The second straight month of decline in the GST collections came amid a massive slowdown in the economy, visible in six year low GDP growth

Petrol and diesel prices were lowered on Tuesday, marking a sixth straight day of downward revision. While the price of petrol was lowered by 17-18 paise per litre in the four metros - Delhi, Mumbai, Kolkata and Chennai, the price of diesel was

Tata Consultancy Services (TCS), the country's largest IT services company, on Thursday reported a net profit of Rs 8,042 crore for the quarter ended September 30, led by growth in the cloud services, Internet of Things (loT) and

Passenger carrier GoAir has announced new international flights. The carrier will operate flights on the Bengaluru-Singapore and Kolkata-Singapore routes from October 18, 2019 at a starting all-inclusive price of Rs 6,999. The flights from Bengaluru

Domestic financial markets will remain closed on Tuesday on account of Dussehra (Vijayadashmi). Trading in the equity, debt and currency markets will resume on Wednesday, October 8. Equity market benchmark S-P BSE Sensex closed 141.33 points - or 0.38 per cent - lower at 37,531.98 on Monday, whereas the broader NSE Nifty index declined 48.35

A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America's richest billionaires paid a lower effective tax rate than the working class.

"The Triumph of Injustice," by

RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this

Britain's government on Monday completed the country's biggest peacetime repatriation that returned 140,000 UK-based Thomas Cook customers stranded abroad after the collapse of the holiday operator.

The final flight arrived at 8.31 am, touching down at Manchester airport in northern England from Orlando, Florida, said a spokesman for the Civil

The S-P BSE Sensex and NSE Nifty 50 indexes resumed their downward journey after a day's break in the previous session. Losses in banking and financial services shares like HDFC Bank, ICICI Bank, IndusInd Bank and Kotak Mahindra Bank dragged the benchmarks lower in today's session.

Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday.

Walmart-owned Flipkart and Amazon domina

Samsung Electronics Vice Chairman Lee Jae-Yong is currently in India and is likely to meet Prime Minister Narendra Modi and Reliance Industries Chairman Mukesh Ambani this week, news agency Yonhap reported.

Mr Lee arrived in India on Sunday and was briefed by Samsung Electronics officials. It is believed to be Mr Lee's first visit to India since

Shares of Vodafone Idea and Bharti Airtel surged after the wireless carrier controlled by billionaire Mukesh Ambani said it will end free voice calls on its network.

Vodafone Idea jumped as much as 18 per cent, set for the biggest intraday gain since

Gold may lose its glitter this Dhanteras as a sharp rise in the prices of the yellow metal has weakened its demand in the domestic market, according to experts.

"On Dhanteras, the gold sales touch around 40 tonnes every year. However, the weak demand may decrease the

Seeking to shift completely to online mode, the Income Tax (I-T) department on Monday said it had taken up 58,322 returns for e-assessment doing away with the need for personal appearance of a taxpayer or submission of documents in hard copy.

Revenue Secretary A.B.

State Bank of India or SBI, country's largest lender by assets, has reduced fixed deposit (FD) interest rates across select maturity. The SBI FD rates have been lowered by 10 basis points (or 0.10 percentage point) across a select tenor in the retail segment. In bulk segment, SBI F

Domestic stock markets have corrected about nearly four per cent in last six days, with the benchmark S-P BSE Sensex index retracting 1,457.76 points - marking their worst losing streak since July. The broader

The rupee settled 14 paise lower against the dollar on Monday. The local currency opened on a weak note at 71.00 and fell further to a low of 71.09 against the American currency. The domestic currency finally settled at 71.02 against the dollar.

IndusInd Bank on Thursday reported a net profit of Rs 1,383.37 crore in the second quarter of current financial year, marking a rise of 50 per cent compared with the corresponding period last year. The bank's net interest income rose 29 per cent to Rs 2,

The US government expanded its trade blacklist on Monday to include some of China's top artificial intelligence (AI) startups over Beijing's treatment of Muslim minorities.

Below are details of major companies placed on the blacklist, which effectively bans them from buying components

Hospitality startup Oyo, backed by Japanese conglomerate SoftBank Group Corp, announced on Monday a $1.5 billion deal with its existing investors that will tighten the founder's control and provide fresh capital to the money-losing firm.

Oyo founder

Shares of Reliance Industries rose as much as 3.03 per cent to Rs 1,366 on the BSE a day after its telecom arm reliance Jio Infocomm announced that it will charge 6 paise per minute for outgoing calls made to other network operators like Bharti Airtel and Vodafone Idea. On the

The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI).

The RBI in its Monetary Policy Report, October

The fifth series (Series V) of Sovereign Gold Bonds scheme (SGBs) 2019-20 opened for subscription on Monday. SGB, a government-run scheme, allows gold investments in non-physical form. For the current series of gold bonds, the price of one

The festival of lights is bringing little cheer to jewellers in India, the world's second-biggest gold consumer.

With less than a month to go before Diwali, a period when gold purchases typically peak, jewellers are lining up promotions to get buyers

An online facility provided by the Income Tax Department enables taxpayers to claim any excess payment of tax. It also enables the income tax assessees to check the status of a refund online, through the e-governance

The S-P BSE Sensex and NSE Nifty 50 indexes fell for sixth day in a row led by declines in ITC, Tata Consultancy Services, Larsen - Toubro, Infosys, HDFC Bank and HDFC. For most part of the day, the benchmarks traded in a narrow range with a positive bias. The

Led by Amazon and Flipkart, e-tailers in India achieved a record $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday.

Walmart-owned Flipkart and Amazon dominated 90 per cent of the market share during the six-day sale event, said

Top banks in the country currently provide a return of up to 7.5 per cent on fixed deposits up to Rs 2 crore. State Bank of India (SBI), Punjab National Bank (PNB), ICICI Bank and HDFC Bank offer interest rates to the tune of 3.5-7 per cent per

SoftBank Group CEO Masayoshi Son said he is "embarrassed and flustered" by his track record, in comments to Nikkei Business magazine. "When I look at the growth of US and Chinese companies, I feel strongly it's not good enough," Mr Son said in an interview.

SoftBank founder Mr Son is spending most of his time on the group's investing