Thursday, May 25, 2017 | Last Update : 09:52 PM IST

Economy

Union Road Transport Minister Nitin Gadkari.

Will request for lower GST on hybrid vehicles: Gadkari

Hybrid cars slated to attract a 15 per cent cess over and above peak rate of 28 per cent under GST.

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Flat, apartment maintenance to cost more under GST

Once GST comes in, existing rate of 15.55 per cent on maintenance charges will be replaced by 18 per cent.

GST panel had proposed minimal taxes for the business turnover of below Rs.20 lakh - five per cent.

Hotel owners to press for 5 pc slab at GST review meet

Association has announced a State-wide bandh on May 30 to protest the proposed increase in tax under GST for hotels.

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Expense ratio of mutual fund houses likely to increase

The expense ratior will also go up by 3 per cent after implementation of Goods and services Tax.

Market

 Bombay Stock Exchange.

Sensex charts new record high, Nifty tops 9,500

Sensex scaled an all-time high of 30,793.43 breaking its previous record of 30,712.35, recorded on May 19.

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Sensex rebounds on fresh buying by investors

The market recovered by 123 points in early trade with FMCG, realty, IT, capital goods, consumer durables leading the way

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Rupee climbs early against US Dollar

Fresh foreign fund inflows and a higher opening in the domestic equity markets added to the momentum

The RBI, meanwhile, fixed the reference rate for the dollar at 64.8586 and for the euro at 72.4730.

Rupee recovers from 7-week low, up 16 paise

Rupee is trading at 64.73 following fresh bouts of dollar selling by banks and exporters.

Spot gold was at USD 1,251.27 an ounce at early trade, little changed from USD 1,250.76 late on Tuesday

Gold slips, silver weakens at bullion market

Standard gold (99.5 purity) declined by Rs 185 to end at Rs 28,680 per 10 grams from Tuesday's closing level of Rs 28,865.

Companies

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Maruti to launch ASEC with govt run ITIs

ASECs will be established across 15 government run ITIs, across 11 states, in the next three months.

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Alibaba appoints International Business Dept head

Young li who is appointed as of International Business Department will overseas business of UCWeb.

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Indian railways to export diesel locos to Myanmar

The 18 modern diesel locomotive export orders are executed by RITES, the export arm of the Indian Railways.

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Ashok Leyland posts net profit in fourth quarter

The company said sales of medium and heavy commercial vehicles rose 10 percent to 38,643 units in the quarter.

Autos

So, let's compare them and see which suits you better.

2017 Maruti Suzuki Dzire vs Baleno vs Brezza

The recently launched third-generation Dzire has a starting price of Rs 5.45 lakh.

The Monster 797 uses the Scrambler's 803cc L-twin motor and makes an identical 74.7PS @ 8,250rpm though torque is up by 0.9Nm.

Ducati Multistrada 950 and Monster 797 to be launched on June 14

Monster 797 looks inspired from the Monster 795/796 and also features an engine derived from these models.

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Reliance Jio files complaint against Airtel, Vodafone and Idea

The company alleged that they did not deposit requisite license fee in March, which led to a potential loss of Rs 400 crore to govt.

The new diesel variant is powered by a 2 litre engine that delivers a power output of 132 kW.

JLR launches diesel variant of Jaguar XE sedan

Diesel variant of Jaguar XE sedan at a starting price of Rs 38.25 lakh (ex- showroom Delhi).

MSI's tall boy Wagon R was the 4th best selling model with 16,348 units in April this year.

Maruti Swift beats Alto as best selling model in April

Swift sold 23,802 units in April this year as compared to 15,661 units in the year-ago month, up 51.98 per cent.

In Other News

Under the new framework, firms have to share critical information with the GST Network, which has allowed registered Application Service Providers (ASPs) and GST service providers to support both suppliers and buyers.

Cyber security is key for GST’s success

GST Network needs stronger measures to prevent data leak.

The Income-tax Directorates of Investigation has identified more than 400 benami transactions upto 23 May, 2017 under the act.

Taxmen unearth 400 benami deals

24 dedicated Benami Prohibition Units have been set up all over India.

Telecom department had asked Trai to reconsidered  its recommendation to  impose heavy penalty on  the incumbent telecom service providers over the issue of PoIs to Jio.

Trai won’t tweak fines imposed

TraI pointed out that non-compliance of terms and conditions of the licence warrants recommendations for the revocation of the licence.

Moody’s has downgraded China’s long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody’s downgrades china after 30 years

Moody’s flags surging debt trouble as the economy slows.