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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

'Centre, States sanction Rs 10,000 cr refunds due to exporters'

GST Council, in its last meeting on March 10, has directed all States tax authorities to proactively clear refund...

17 March 2018 10:36 AM IST

Gauri Joshi (27), an ad executive was a victim of the debit card cloning scam.

Over 1,700 card, net banking-related frauds reported in 2017

In December 2017 alone, 187 cases with losses touching Rs 33.73 crore was reported.

17 March 2018 10:17 AM IST

GDP numbers scheduled to be released on May 31.

CAD widens on higher imports

Prasanna expects India's CAD to stand at 2 per cent of GDP in the fiscal year ending in March 2018.

17 March 2018 1:41 AM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

GST refund figures by trade bodies are inaccurate: CBEC

CBEC said that the efforts are beginning to show positive results.

17 March 2018 1:41 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex slumps 509 points

Both domestic and global cues spook investors into heavy selling.

17 March 2018 1:41 AM IST

Tata Sons, the companys promoter with 26.51 per cent stake, had asked Tata Motors on November 10 to convene an EGM for passing a resolution for removal of Mistry and Wadia as directors.

Tata Motors delivers 25 hybrid electric buses to MMRDA

Buses comply with all UBS-II (urban bus specifications), AIS 052 (automotive industry standards) and CMVR.

16 March 2018 4:30 PM IST

For the week, the Sensex lost 448.86 points, or 1.69 per cent, while the broader NSE Nifty dropped 153.70 points, or 1.88 per cent.

Sensex dives 510 points on political concerns; extends losses for 4th...

The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15.

16 March 2018 4:04 PM IST

Ubers self-driving cars - despite their name - are not capable of driving without active physical control or monitoring

Uber, Ola drivers threaten indefinite strike from Sunday

Other unions of Ola and Uber are also in support of the strike.

16 March 2018 3:31 PM IST

Under the offer, Audi A3 will be available at Rs 26.99 lakh against its list price of Rs 31.99 lakh and Audi A4 at Rs 33.99 lakh against earlier price of Rs 39.97 lakh.

Audi to hike car prices by up to Rs 9 lakh from April

Price across the entire model range will be increased by up to 4 per cent owing to the hike in the customs duty.

16 March 2018 1:36 PM IST

Reliance Industries chairman Mukesh Ambani.

Mukesh Ambani says Jio was seeded by daughter Isha in 2011

Jio is also gearing up for newer data-heavy services that can connect homes, businesses, and cars to internet.

16 March 2018 1:07 PM IST

Stocks of IT companies saw selling as the rupee continued to strengthen, which dragged down the Sensex.

Sensex cracks nearly 300 points, Nifty slips below 10,300

Broader NSE Nifty slipped below the key 10,300-level to 10,272.05, down 88.10 points, or 0.85 per cent.

16 March 2018 12:54 PM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

India's GST is the world's most complex tax, says World Bank

GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries.

16 March 2018 12:47 PM IST