Business

Arun Jaitley said, " Net impact of the demonetisation exercise coupled with the GST exercise, which is going to make generation of cash a lot more difficult, will certainly lead to greater compliance, greater digitisation".

The Liberty House group on Thursday said that is has bought the trade and assets of Amtek Aluminium Castings (Witham) Limited and King Automotive Systems Limited (Amtek UK) for an undisclosed sum from administrators PwC.

The stock of Reliance Industries, a market heavyweight, logged a rise of 3.76 percent.

The JioPhone will also cut out the traditional cable TV distributors. A mobile-to-TV cable can be used to plug the phone to any television, effectively turning the device into a set top box.

India-UK share many warm bonds and I hope we can take our food diplomacy to the next level with World Food India," said Harsimrat Kaur Badal while addressing a round-table to promote her ministry's first-ever World Food India summit in New Delhi.

It is prudent to make investments under different investment instruments that not only give you peace of mind for the future but also help you to lessen your income tax burden.

Consolidated net profit dropped to Rs 5,950 crore in the three months to June 30, down from Rs 6,318 crore a year earlier

During a meeting of the Parliamentary Standing Committee on Finance in New Delhi, members raised concerns about rising number of transactions in various cryptocurrencies such as Bitcoin, Ethereum, Zcash, litecoin and NEM.

According to ratings agency Crisil, the 4 percent appreciation in the rupee against the US dollar will impact the June quarter sales of exporters by up to 3 percentage points and profits by up to 1.50 percent.

Air India is saddled with a debt burden of $8.5 billion and a bloated cost structure.

The consumers will have to shell out more for the ready to move-in flats under the GST system as developers with large unsold inventories are planning to pass on the higher tax burden to home-buyers.

Finance Minister Arun Jaitley on Saturday wondered why certain traders are complaining about GST rates when the ultimate burden of taxation will fall on consumers.

Sellers at Sadar Bazaar, North India's largest wholesale market are waiting idly for customers to do their 'bohoni' (first purchase) for the day.

In a last minute correction before the launch of Goods and Services Tax (GST), the GST Council has decided to reduce tax rate on fertilizers from 12% to 5%. Similarly, GST rate on exclusive parts of tractors has been reduced from 28% to 18%.

To clear these doubts and answer the queries, the government had set up the GST@GoI Twitter handle where people sent in their questions and the government answered.

Central Depository Services (India) Ltd (CDSL) will make the stock market debut on Friday after successfully concluding its initial public offer last week.