Business

Duty Free Shops At Delhi Airport Liable To Pay GST: AAR Rules

The ruling was given by the AAR based on an application filed by Rod Retail

New Delhi: Global passengers buying goods at airport 'Duty-Free' shops will have to pay GST, with the Authority for Advance Ruling (AAR) saying that such outlets at the Delhi International Airport is not 'free from duties' under the Goods and Services Tax regime. In the
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EPF Vs NPS: Which Is Better Retirement Saving Option Five Things To Know

Both EPF and NPS contributions are exempt from income tax subject to some caps

The Employees Provident Fund (EPF) and National Pension System (NPS) are viable saving options that enable regularly-made savings to grow into a
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Fortis Takeover: Renuka Ramnath, Lalit Bhasin Part Of Advisory Panel

Fortis Healthcare currently has five different takeover bids to choose from

Fortis Healthcare has appointed Renuka Ramnath and Lalit Bhasin as members of an expert advisory committee that is entrusted with the task of evaluating
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HDFC Bank Board Recommends 650% Dividend Out Of Q4 Profits

HDFC Bank announced Rs 4,799 crore net profit for the fourth quarter of fiscal 2018

While announcing its fourth quarter results, HDFC Bank board recommended a dividend of Rs 13 per equity share of Rs 2 each (i.e.650 per cent) out
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Petrol Price Skyrockets To 55-Month High, Diesel More Expensive Than Ever

Diesel price hit a new all-time high of Rs 65.46 a litre

Petrol price surged to hit a new 55-month high on Saturday as it touched a high of Rs 74.21 a litre in New Delhi, while diesel price hit an all-time high of Rs 65.46 in the national capital. The state-owned oil firms raised petrol rates by 13 paise per litre
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Rupee In A Free Fall, Plunges Below 66-Level To Close At 13-Month Low

For the week, the rupee depreciated sharply by 0.88 per cent against the dollar.

The rupee on Friday crashed below the key 66 level to settle at a 13-month low of 66.12 against the US currency, hit by a resurgent dollar, firming
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Market Outlook: Global Cues, Quarterly Results To Influence Trend

On technical levels, the National Stock Exchange's (NSE) Nifty50 remains in an uptrend.

Mumbai: Global cues such as volatile crude oil prices, along with the policy stance of major global central banks and the ongoing quarterly results season are expected to guide the Indian equity market's trajectory next week. According to market observers, April
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Cabinet Approves Ordinance For Fugitive Economic Offenders

The Bill seeks to confiscate properties of economic offenders - like Nirav Modi.

New Delhi: The Union Cabinet today approved a proposal to promulgate Fugitive Economic Offenders Ordinance 2018 that provides for confiscating
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India's Forex Reserves Surge By $1.21 Billion To $426.08 billion

However, India's gold reserves value remained stagnant at $21.48 billion.

Mumbai: India's foreign exchange (Forex) reserves increased by $1.21 billion as on April 13, official data showed on Friday. According to the Reserve Bank of India's (RBI) weekly statistical supplement, the overall Forex reserves rose to $426.08 billion from $424.86 billion
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SBI's Free Of Charge PoS Machines: Withdrawal Limits And Other Features

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash.

State Bank of India (SBI) has 4.78 lakh cash Point of Sale (PoS) machines for all customers holding debit cards, as informed by country's largest lender in a tweet on its official handle- @TheOfficialSBI. Currently, SBI is providing cash withdrawal through
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Indian Railways Luxury Trains In PICTURES

'Deccan Odyssey' is a special luxury train based on the model of 'Palace on Wheels'.

Indian Railways and IRCTC operate several luxury trains in India- namely Maharajas' Express, Palace on Wheels, The Deccan Odyssey and Royal
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Indo-US Ties Need Stronger Economic Bond To Realise Full Potential: Subramanian

A file photo of Chief Economic Adviser Arvind Subramanian

Washington: The India-US relationship cannot realise its full potential without stronger economic bond, Chief Economic Adviser Arvind Subramanian has said. The chief economic advisor is currently in Washington DC to attend the annual Spring Meeting of the International Monetary Fund and the
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Indian Railways Ticket Booking: List Of Concessions Offered

Children below 12 years need to pay only 50 per cent fare, as for normal tickets.

Indian Railways offer concessions on ticket prices to different categories and the quantum of these concession ranges from 25 per cent to 100 per cent. According to Indian Railways portal-indianrail.gov.in, there are some

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Apple Loses $60 Billion In Market Cap In Two Days As Shares Fall 7%

Apple loses market cap on a report that suggests weak demand of mobile phones

Taipei: Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor, Apple's biggest supplier, said in an earnings update that second-quarter revenues would be hit by "weak demand from the mobile sector". Apple shares fell nearly seven per cent on
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Crude Oil Prices Dip As Donald Trump Says He Will Not Accept High Prices

Several members of OPEC said that oil prices were not being artificially inflated.

Washington: US President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said "artificially" high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks.
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Government To Seize Assets Of Future Vijay Mallyas, Nirav Modis

A special anti-money laundering court will declare a suspect fugitive before action is taken

Government authorities such as Central Bureau of Investigation (CBI) will be empowered to seize properties of super-rich fugitives whose
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GoAir's Offer: Avail Discount On Flight Tickets On Every Weekend

The travel period under this offer is valid till September 30, 2018.

GoAir has come up with a discount offer on domestic flight tickets. Customers can book tickets on weekends and get Rs 250 off on one-way and Rs 500 off on
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NPS New Rule: Bank Account, Mobile Number Made Mandatory For Subscribers

NPS subscribers are now expected to find the exit from NPS a hassle free experience

New Delhi: The Pension Fund Regulatory And Development Authority (PFRDA) on Friday announced to make bank account details and mobile numbers of subscribers mandatory. The pension regulator has introduced the new rule in order to offer ease of operation for the
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RBI Makes Aadhaar Pivotal To KYC Compliance. Five Things To Know

RBI said its decision on aadhaar is subject to the final order by the Supreme Court

The Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated 'Know Your
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FD Interest Rates: SBI Term Deposits Vs Post Office Term Deposit

SBI fixed deposit accounts can be maintained with a minimum balance of Rs 1,000.

Fixed deposit (FDs) accounts of banks and post offices are viable investment options for the risk-averse investors since they offer guaranteed
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Weak Global Cues Pull Gold Prices: 5 Things To Know

Gold price: Globally, spot gold was down 0.3% at $1,340.66 an ounce by 1157 GMT.

Gold prices on Friday plunged by Rs 240 in the national capital to Rs 32,390 per 10 grams. A subdued demand from local jewellers coupled with weak global cues hit the gold rates hard. Traders said apart from a weak trend

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HDFC Bank Q4 Results: Net Profit Jumps 20% To Rs 4,799 Crore

The HDFC Bank's board recommended a dividend of Rs 13 per equity share of Rs 2

HDFC Bank, the second-biggest lender by assets, posted March-quarter net profit at Rs 4799 crore, 20% higher than the corresponding quarter a year before. At the same time, HDFC Bank's bad loans rose. HDFC Bank's net profit jumped 20.3%
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Rajdhani, Duronto Running Late IRCTC To Provide Free Rail Neer Bottles

Indian Railway Catering and Tourism Corporation (IRCTC) will now give an additional free bottle of 'Rail Neer' packaged drinking water to passengers travelling by Rajdhani and Duronto in case their journey is extended beyond 20 hours due to late running of trains, as mentioned in Indian Railways circular

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What Is 'Grandfather' Clause How It Helps Lower Tax On Mutual Fund Gains

The grandfather clause will help lower tax outgo on sale of mutual funds/ equity

As the new financial year has kicked off, the income tax (I-T) department's new rules, announced by Union Finance Minister Arun Jaitley on February 1 at the time of announcement of Budget, have come into force. One of the major put-offs
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PNB Embraces Gandhigiri To Recover NPAs Amounting To 1,800 Crore Rupees

PNB team visits the borrower's residence and sit their silently with placards

Punjab National Bank (PNB) is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation. A senior bank official said gandhigiri, launched in May 2017, had
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GoAir, Jet Airways, AirAsia Offer Discount On Flight Tickets On These Routes

AirAsia India is offering up to 20 per cent discount on base fares of all domestic flight tickets.

Airlines are showering discounts on domestic and international flight tickets which can be easily availed from respective
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Sensex Ends Lower, Banks Lead Losses; TCS Shares Surge 7%

Sensex ended 11 points lower at 34,415 while Nifty slipped by 1 point to 10,564.

The Sensex and Nifty fell marginally today. A surge in IT stocks led by Tata Consultancy Services Ltd (TCS) helped cap losses. The shares of India's
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Railway To Extend Give It Up Scheme To All Categories Availing Concession

Railways extends passenger fare concessions in 53 categories.

New Delhi: Buoyed by its success with senior citizens, the Indian Railways is set to extend its 'Give it up' scheme to include other concession holders to offset its nearly Rs 33,000-crore subsidy burden in annual passenger fares.

The decision was taken after figures showed that following

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Airtel's New Rs 49 Prepaid Recharge Plan Offers 3GB Data. Details Here

Airtel's all-new Rs 49 plan with 3GB data is available only for select circles.

Bharti Airtel has announced a prepaid recharge plan priced at Rs 49 which offers 3GB of 4G data for a period of 1 day. Airtel's all-new Rs 49 prepaid
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India Set To Get Its First 100 Billion Dollar Company In TCS

In dollar terms, TCS reported revenue of $4,972 million, up 11.7% year-on-year.

TCS is on the cusp of making history. India's biggest outsourcer is close to becoming a 100 billion dollar company in terms of market capitalisation or market value. Shares of TCS today surged by nearly 7 per cent, making investors richer by over Rs 40,000 crore in a
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