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GM India dealers to meet over ‘measly' compensation issue

Wednesday, 21 Jun 2017 | PTI | New Delhi

Dealers of General Motors in India have decided to meet later this week to decide on the future course of action, including taking the legal route, against the American automaker over measly compensation. A majority of 96 dealers, which operate around 140 showrooms across India, are unhappy with the company's offer...

Bank stocks see selling pressure on farm loan waiver concerns

Wednesday, 21 Jun 2017 | PTI | New Delhi

Bank stocks came under selling pressure on Tueday, with lenders such as Punjab National Bank (PNB) and Central Bank falling up to 3 per cent, as investor sentiment took a hit after the Punjab government announced farm loan waiver for small and marginal farmers. Shares of Central Bank of India dipped...

Steel Minister rules out SAIL taking over Monnet Ispat

Wednesday, 21 Jun 2017 | PTI | New Delhi

Amid speculations that public sector Steel Authority of India Ltd (SAIL) may take over debt-ridden Monnet Ispat & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled out any such possibility. When asked about SAIL’s plans to take over Monnet Ispat, the Minister said ‘why should we (SAIL) take it’. Talking...

Bajaj Corp plans to raise Rs1,000 crore

Wednesday, 21 Jun 2017 | PTI | NEW DELHI

FMCG firm Bajaj Corp has plans to raise Rs1,000 crore from market by issuing equity shares and securities. The company has plans to raise the amount ‘in one or more tranches up to an amount not exceeding Rs1,000 crore’. The resolution will enable the firm to raise funds by "issue of...

India faces shortage of 3L yoga instructors: Assocham

Wednesday, 21 Jun 2017 | PTI | NEW DELHI

On the eve of International Yoga Day, a study has revealed that India is facing a shortage of about 3 lakh yoga instructors, as against the requirement of over 5 lakh. The findings of the report, released by industry body Assocham, assume significance as there is growing awareness about the...

Mahindra Aerostructures bags contract from Airbus

Wednesday, 21 Jun 2017 | PTI | MUMBAI

European aviation major Airbus has awarded a long-term contract to Mahindra Aerostructures to manufacture and supply a set of components made of hard metals. These components - aerospace steel, titanium and Inconel - will be used in manufacturing single aisle A320neo and wide-body A350XWB aircraft, a release said here...

‘GST rates to be neutral for most textile segments’

Wednesday, 21 Jun 2017 | PTI | MUMBAI

The impact of the GST is likely to be neutral to positive across segments in the textile industry compared to the current tax regime, ICRA said in a report. As per the rating agency's estimates, the effective tax incidence on cotton and man-made fibre (MMF) or blended textiles under the...

Credit card bill, insurance premium to get costlier: GST

Wednesday, 21 Jun 2017 | PTI | NEW DELHI

Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1. Customers currently pay 15 per cent service tax for such services. Starting from July 1, 2017 the GST will replace all indirect taxes like...

Cairn tax dispute: I-T dept confiscates dividend, refund

Tuesday, 20 Jun 2017 | PTI | New Delhi

The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs2,000 crore dividend and tax refund, to recover part of the Rs10,247 crore retrospective tax. This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive...

Domestic air traffic up by 17.36%

Tuesday, 20 Jun 2017 | PNS | New Delhi

Domestic air traffic grew at 17.36 per cent with Indian airlines ferrying 101.74 lakh passengers last month as compared to 86.69 lakh passengers in May, 2016. IndiGo, the largest domestic airline by market share, returned to the top spot last month in terms of punctuality with 85 per cent of its...


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12-hr search finds body of woman killed by husband

18 Jun 2017 | Staff Reporter | New Delhi

A police team, along with sniffer dogs, scanned the whole area of Bonta Park in Civil Lines on Saturday morning to get some clue about a woman murdered by her husband on Friday. After 12 hours search operation, police were able to find the body identified as Komal...

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One more farmer commits suicide

24 Jun 2017 | Staff Reporter | Bhopal

A farmer committed suicide in Chhatarpur district, allegedly due to over burdened with debt. While the family of Raghuvir Yadav, (27) alleged that he took the extreme step due to his mounting debt, the police said a family dispute led him to end his life...

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