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The lower priced biscuits have witnessed a 7 to 8 per cent decline in sales.

GST (il)logic: Tax on biscuit 18 per cent, bread 0 per cent, rusk 5...

Biscuits priced below Rs 100 per kg accounts for 25 per cent of the biscuit market in value terms and 42 per cent in...

18 Sept 2019 1:29 AM IST

Owing to the faster internet speeds, users are increasingly watching videos on mobile devices instead of the larger screens.

Mobile sales come down, but still in double-digits

No wonder, e-commerce biggies are gearing up for the festive season with special offers on mobile phones.

18 Sept 2019 1:26 AM IST

Reliance Jio free 4G services have reduced profit of Airtel by more than half, lowered Vodafone Indias profit and pushed Idea Cellular into first ever quarterly loss.

Jio tops Trai's 4G mobile broadband chart in Aug with 21.3 mbps speed

Vodafone, however, maintained lead in terms of upload with 5.5 mbps speed.

17 Sept 2019 10:28 PM IST

Employees Provident Fund Organisation or EPFO stores members PF corpus.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour...

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

17 Sept 2019 1:44 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

TRAI seeks views on maximum duration for phone calls to ring

This may, in turn, impact the pattern of outgoing and incoming Minutes of Usage (MoU) on Point of Interconnection.

17 Sept 2019 9:17 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI allows payment of all recurring bills through BBPS

The system will provide multiple payment modes and instant confirmation of payment.

17 Sept 2019 9:05 AM IST

Shares of housing finance companies (HFCs) fell sharply after Reserve Bank of India directed all categories of lenders to link their loan interest rates to an external benchmark from next month coinciding with the festive season.

Housing industry seeks tax sops, lower rates

Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among...

17 Sept 2019 1:27 AM IST

A considerable part of Irans gas could be exported via the existing Turkmenistan-China gas pipeline and new oil pipelines can be constructed on the same route.

Oil-sensitive stocks dip

The country buys over two-thirds of its oil, mostly from the Middle East, making it most vulnerable to any rise in oil...

17 Sept 2019 1:22 AM IST

Currency experts have a bullish outlook for the rupee this week.

P-note investments continue to drop; stands at Rs 79,088-cr in Aug-end

The use of P-notes has been on a decline since 2017 and slumped to a nine-and-a-half year low of Rs 66,587 crore in...

16 Sept 2019 3:19 PM IST

Former prime minister Manmohan Singh on Friday slammed Centre on issues like demonetisation, implementation of GST and job creation in the country. (Photo: Twitter | ANI)

Centre should take CMs' views on changing Finance Commission's:...

Cooperative federalism demands give-and-take, and which is why it is important for the Central Govt to make efforts to...

16 Sept 2019 10:58 AM IST

According to the Directorate General of Commercial Intelligence and Statistics, imports of natural rubber in India rose 27.4 per cent, month-on-month to 50,940 tonnes in July. Significantly, expectations of higher production this season also weighed on contracts.

Rubber futures hit six-month low

The overall sentiment in the market remains bearish due to a rise in imports coupled with sluggish demand from tyre...

16 Sept 2019 2:46 AM IST

While imports of all products in the man-made fibre (MMF) value chain has steeply increased since the introduction of GST, destructing the domestic manufacturing industry, imports of polyester and viscose spun yarn have particulalry shot up multi-fold lately.

Man-made yarn imports up multi-fold in July

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019.

16 Sept 2019 2:40 AM IST