Business

Banks pay IGST of 3% on gold imports, but may apply for ITC: CBEC

Banks pay IGST of 3% on gold imports, but may apply for ITC: CBEC

New Delhi: Banks importing gold and precious metals will have to pay a 3 percent tax under the GST, which…
Infosys praises Vishal Sikka as “thought leader”, not just a “technical guy”

Infosys praises Vishal Sikka as “thought leader”, not just a “technical guy”

Mumbai: Infosys board on Friday came out in full support of outgoing leader Vishal Sikka and said he is not…
The new mortgage loan product from Axis Bank allows you to skip some IME

The new mortgage loan product from Axis Bank allows you to skip some IME

Mumbai: With the aim of increasing mortgage book volumes and expecting better credit performance, Axis Bank launched a mortgage loan…
The power of debt discoms to save Rs 15,000 crore under the scheme of UDAY

The power of debt discoms to save Rs 15,000 crore under the scheme of UDAY

New Delhi: Debt-laden energy distribution companies in the states that participated in the UDAY program, aimed at reactivating it, have…
South Korean gold imports to hit 25 tonnes in July-August after GST

South Korean gold imports to hit 25 tonnes in July-August after GST

Panaji: Indian traders are likely to import 25 tonnes of gold from South Korea in July and August, taking advantage…
Indian markets endured the worst part of the US-North Korea bout, traded in red this week

Indian markets endured the worst part of the US-North Korea bout, traded in red this week

Mumbai: Indian indices in recent days have peaked their record highs and fell for the fifth consecutive day on Friday,…
SAT asks Vijay Mallya to make a presentation before Sebi in 3 weeks

SAT asks Vijay Mallya to make a presentation before Sebi in 3 weeks

New Delhi: The Court of Appeals on Friday dismissed Vijay Mallya’s appeal for the liquor baron fugitive against Sebi, which…
Govt. He says he sees income expenses at Rs 22.06 lakh crore in 2019-20

Govt. He says he sees income expenses at Rs 22.06 lakh crore in 2019-20

Mumbai: The government presented a mid-year spending framework on Thursday, pointing out several recent changes in key policy initiatives. He…
Base year to measure revised IPM from 2004-05 to 2011-12

Base year to measure revised IPM from 2004-05 to 2011-12

New Delhi: The Center on Friday announced the revision of the base year for calculating India’s Wholesale Price Index (IPM)…
Govt. Announces new exchange fund ‘Bharat-22’

Govt. Announces new exchange fund ‘Bharat-22’

New Delhi: Finance Minister Arun Jaitley on Friday announced the creation of a new exchange-traded fund (Bharat-22) comprising shares of…
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