Thursday, Jun 22, 2017 | Last Update : 05:24 PM IST

Economy

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Tractor manufacturers demand GST rate cut on tractor components

Present levy is of 28 per cent GST on parts and components of tractors while that on construction equipment is 18 per cent.

RBI Governor Urjit Patel.

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

RBI Governor Urjit Patel.

Repo rate: No premature policy action; Patel says RBI to wait for data

Urjit Patel also underlined the need for resolution of stressed assets of banks and timely recapitalisation of PSU lenders.

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

Courier companies say e-way bills defeat the GST spirit

Rs 20,000-crore industry will end up doing 10 crore e-way bills per day for their 3 crore parcels.

Adhia said retailer and B2C suppliers need not worry about the return filing procedure as they have to file only turnover wise detail in GSTR-1.

Retailers need to file single GST return every month

Details from the suppliers in GSTR-1 automatically gets updated in the GST Return-2 (GSTR 2) of the purchaser.

Market

BSE building.

Sensex hits new peak at 31,494 on Sebi measures

Sebi rationalising 'fit and proper' criteria and simplifying other requirements boosted market sentiment.

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Rupee slides 3 paise against dollar, stands at 64.55

Rupee was hit by steady stream of capital flight amid growing appeal of dollar among importers.

A trader during a session at BSE.

Sensex climbs 136-pts as bad loan fight paces up

The gauge had lost 27.93 points in the previous two sessions.

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Govt sells 2.5 per cent stake in L&T to SBI, LIC

Government held 6.55 per cent stake in engineering firm L&T and post sale, its shareholding has come down to around 4 per cent.

Companies

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Concerns rise over home-delivery of fuel in Bengaluru

The minimum order should be 20 litres and they charge Rs 99 for delivery for any order up to 100 litres.

RCom Chairman Anil Ambani.

RCom jumps over 6 pc on monetisation of realty assets

The stock, after a positive opening, gained 5.82 per cent to Rs 20.90 on the BSE.

IT industry has see layoffs lately.

Indian IT expected to hire 1.3-1.5 lakh people in FY18

Fears of layoffs in IT sector have led to employees forming India's first tech union.

Facebook COO Sheryl Sandberg.

Uber may approach Facebook's Sheryl Sandberg for CEO post

However, according to reliable sources who wished to remain anonymous, Sandberg will not be quitting her post as the COO at Facebook Inc.

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Infosys accused of discrimination against non-Asians by ex-staffer

Erin Green alleged that Infosys discriminates against its employees and especially against those who are not South Asians.

Autos

New Polo is bigger inside and comes with many new segment-first features as compared to the outgoing model.

Volkswagen unveils all-new Polo

New Volkswagen Polo is 81mm longer, 69mm wider and 7mm lower (in terms of absolute height).

Bike is powered by a new 765cc triple-cylinder unit which is based on the Triumph Daytona’s powerplant.

What's different between Triumph Street Triple and Triumph Street Triple S?

How different is the new Triumph Street Triple S from its predecessor? Let’s find out.

Vehicle, which is being locally manufactured at the company's joint-venture facility in Ranjangaon (near Pune), could be pre-booked at Rs 50,000.

Fiat opens pre-bookings for SUV Jeep Compass

Vehicle will be launched with both petrol and diesel engines mated to manual as well as automatic transmissions.

Both the naked bikes are new entrants to the market. So, which bike makes a more sensible buy? Read on to find out.

Ducati Monster 797 vs Triumph Street Triple S: Specs comparison

Monster 797 and the Street Triple S at Rs Rs 7.77 lakh and Rs 8.5 lakh (both ex-showroom Delhi).

In Other News

Union finance minister Arun Jaitley with Minister for parliamentary affairs Ananth Kumar addresses the media regarding GST in New Delhi on Tuesday. (Photo:  PTi)

Healthcare may get costly

Hospitals can absorb upto 2 per cent rise, says Apollo Hospitals chairman.

The entire project is being rolled out at a cost of around Rs 300 crore. (Photo: AFP)

Wi-fi facility set up at 1,000 hotspots in Hyderabad

Project will be also be extended to Telangana's Warangal, Karimnagar and Khammam districts.

Hasmukh Adhia

Don’t rush for GSTIN: Centre

Of the 80.91 lakh excise, service tax and VAT assessees, 65.6 lakh, or 81 per cent, have already migrated to the GSTN portal.

Dharmendra Pradhan (Photo: PTI/File)

India seeks barter deal to buy Qatar LNG

Oil Minister Asks Qatar to Acquire stakes in domestic power plants as part of Future deals.

Lockheed Martin signs pact with Tata.

F-16 jets to be made in India

Tata is already building airframe components for the C-130 military transport aircraft.