Business

Nandan Nilekani is a co-founder of Infosys, and served as its CEO between March 2002 to April 2007. The board of directors also accepted the resignation of R. Seshasayee as the Chairman and as a director, along with the resignations of Vishal Sikka as the...

Vishal Sikka's surprise resignation as Infosys CEO on Friday threw markets off-track as the Sensex careened off 271 points.

The lowest slab has the tariff ranging from Rs 1,000 to Rs 2,500 is taxed at 12%, whereas those hotels that have the tariff from Rs 2,500 to Rs 7,500 are charged at 18% and lastly those, that have per night tariff exceeding Rs 7,500 are subject to 28% GST...

"Whenever the Prime Minister speaks he brings out lots of wisdom. I am so happy that he has used 'competitive cooperative federalism'. It is a brilliant idea," Infosys co-founder N R Narayana Murthy said.

The stock debuted at Rs 435, up 0.69 percent from its issue price on BSE. On NSE, shares of the company listed at Rs 440.15, a gain of 1.88 percent from the issue price.

At present only Khadi yarn produced in the sector is exempted, while other Khadi products attract a 5% Goods and Services Tax (GST) levy.

The Cabinet Committee on Economic Affairs had on July 19 granted 'in-principle' approval for strategic sale of the government's existing 51.11 per cent stake in HPCL to Oil and ONGC.

Apart from quarterly results, macro-economic data points like the Index of Industrial Production (IIP) and the country's trade deficit or exim data will be keenly watched by investors.

India's largest state by population Uttar Pradesh, along with Punjab, Maharashtra, and Karnataka, is among the states that have announced loan waivers for farmers.

The rupee firmed up by 14 paise to 64.05 against the US dollar today as exporters and banks intensified selling of the American currency.

The State Bank of India will continue to offer 4 per cent interest on savings account balance of Rs 1 crore and above.

E-commerce giant Snapdeal was reported to be in talks for selling its business to Flipkart in a $900-950 million deal. It has now terminated talks to pursue an “independent path”.

Hashmukh Adhia, the bureaucrat most responsible for shepherding the GST, has used social media quite actively to clarify matters regarding GST. He has also held 'masterclass' on the new tax to dispel confusion among stakeholders.

Morgan Stanley Research has revised the headline CPI forecast for calender year 2017 to 3.1 per cent from 3.6 per cent earlier and for 2018 to 4.3 per cent from 4.6 per cent earlier.

Emphasising that the Code is important for the country's economy, Justice Sikri said interpreting the law is also a challenge before National Company Law Tribunal (NCLT) and Insolvency and Bankruptcy Board of India (IBBI).

The Grant Thornton International Business Report (IBR) survey finds that 94 percent Indian businesses are confident of India's economic growth story.