Thursday, Sep 21, 2017 | Last Update : 08:50 AM IST

Economy

Petroleum Minister Dharmendra Pradhan on Monday said the solution to growing petrol and diesel prices is to bring them under the ambit of GST.

Petrol prices should be brought under GST: Dharmendra Pradhan

As of now, petrol prices contain other elements like Centre-imposed excise duty, state-imposed VAT and dealer's commission.

Goods and Services Tax or GST is a new pan-India taxation system. (Photo: File/PTI)

Telangana loses Rs 800-crore revenue on GST rollout

State received Rs 850 crore under state GST and Rs 690 crore from petroleum products.

Union Agriculture Minister Radha Mohan Singh on Tuesday urged states to chalk out their own strategy to double farmers' income. (Representational Image)

Find ways to double farmers' income, says R M Singh to states

The centre has already come out with a four-volume report suggesting ways to boost farmers' income which states will have to study.

The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6.

GST Council's next meet on Oct 6, relief for exporters may be on cards

The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

Sugar quota raised for BPL families, Antyoday card holders

Sugar quota per family per month is increased from 500 grams to one kg.

Market

It was debut IPO of  consumer electronics manufacturer.

Blockbuster debut for Dixon Tech, shares soar nearly 64 per cent

Dixon Technologies' Rs 600 crore IPO was oversubscribed 117.83 times during September 6-8.

NSE Nifty on Monday closed at record high of 10,153.10 and the Sensex surged by 151 points to end at a six-week high. Photo: PTI

Sensex surges 151 points, Nifty touches new high of 10,153.10

Revival of buying by FPIs, who had been major sellers for a long spell on the Indian bourses, accelerated the buying pace.

 Stock markets opening with gains also backed the rupee.

Rupee recovers 6 paise against dollar in early trade

Rupee is trading at 63.98 against the dollar at the interbank foreign exchange in early trade.

Sensex rebounded by over 93 points in early trade on Wednesday. Photo: PTI

Sensex rebounds 93 points on the back of RIL, ITC stocks

Sectoral indices led by capital goods, power, consumer durables, realty, metal, healthcare and oil & gas were trading in green.

Companies

Thyssenkrupp and Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture.

Thyssenkrupp, Tata Steel agree European steel merger

The new company, to be named Thyssenkrupp Tata Steel, would be headquartered in or near Amsterdam.

Ajit Jain with Bill Gates. (Photo: File/AP)

Ajit Jain: Most likely successor of Warren Buffet at Berkshire Hathaway

Jain, at present, takes care of Hathaway's insurance investments and is at good terms with Buffet.

Ratan Tata with Tata Sons chairman N Chandrasekaran. (Photo: FIle/PTI)

Tata Sons aims 'private limited', to shun public limited tag

Holding company of Tata group firms wants to amend memorandum of association and articles of association.

Union Finance Minister Arun Jaitley on Monday launched Google's payments app for India 'Tez'. Photo: Twitter| @GoogleIndia

Jaitley launches Google's payments app for India - 'Tez'

Tez is a payments app that is Unified Payments Interface-enabled and is targeted for Indian customers, unlike Android Wallet.

 Customers are not charged any transaction fee if they transfer money using UPI system or BHIM application.

Airtel Payments Bank starts UPI enabled digital payments

Airtel Payments Bank customers were charged in decimals for transferring money to any other account.

Autos

Mercedes-Benz will be helping its affected customers by giving following benefits:

Mercedes-Benz lends a helping hand to its flood affected customers

The luxury carmaker has taken a bunch of measures to ensure smooth repairs at its workshops.

The launch of Kochi's first AMG Performance Center reaffirms our promise to provide customers an exceptional AMG brand experience.

Mercedes-Benz India launches AMG Performance Centre

AMG Performance Center will be fully equipped to sell and service all AMG cars.

The bike now incurs Rs 5,000 more compared to its previous model.

Royal Enfield launches FI version of Himalayan

Company has started pre-bookings for updated BS-IV variant of motorcycle now priced at Rs 1.65 lakh (ex-showroom Delhi).

Skoda reintroduces performance brand in India

Skoda Octavia RS launched at Rs 24.62 lakh

The on-road price in Mumbai, including the Skoda Shield warranty, will be Rs 29.79 lakh.

In Other News

t pointed that even after rising in the last three months, crude oil prices are mere half of $107 per barrel in May, 2014. 

Frequent hikes in tax disrupting, says Assocham

It noted if the prices are market determined, the retail prices should have been less than Rs 40 a litre.

The CBDT chief asked the taxman to “ensure” that the TDS deducted by the state and central government departments are duly collected.

Step up tax collection, says CBDT

Taxmen told to pull up its socks after recording poor pace in TDS.

Similarly, NBFCs have also upped their market share to 32 per cent from 27 per cent during the same period. 

Private banks, NBFCs eye greater loan share

The PSU Banks currently enjoys a 35 per cent market share of retail loans with private banks and NBFCs accounting for the remaining portion.

 Law and IT minister Ravi Shankar Prasad. (Photo: PTI)

Firms to face action for releasing data with name: Prasad

Government is committed to make best use of big data in establishing rule of precision governance.

Representational image

UC browser next in line for check

The app is part of Alibaba’s mobile business.