Business
Finance Ministry Releases Timelines for Submission of Budget Proposals
The MTEF statement was tabled in Parliament in the monsoon session in August, 2017. Using the allocations indicated in the MTEF statement, each ministry would decide the allocations and forward them to the budget division.
Manufacturing Drags Down IIP Growth to 1.2% in July
Factory output measured in terms of Index of Industrial Production had declined by 0.2 per cent in June, according to revised estimates released by the Central Statistics Office (CSO) on Tuesday.
Infosys Completes Brilliant Basics Acquisition
London-based Brilliant Basics the company in a cash deal worth GBP 7.5 million, including earn-out and employee retention amounts.
Goods and Services Tax Tweak: Idli Batter, Raincoats Among 40 Household Items to Cost Less
The Goods and Services Tax (GST) Council, at its 21st meeting in Hyderabad on Saturday, also decided to reduce levy on computer monitors of up to 20 inches, cotton quilts, rubber bands and kitchen gas lighters.
Switch to Clean Vehicles or be Bulldozed: Nitin Gadkari to Automakers
According to the road transport and highways minister, a Cabinet note on electric vehicles is ready that will take care of charging stations.
Jaypee Infratech Row: Homebuyers Ask Why Should we Pay for Corporate Malfeasance?
Markandeya Mishra, a member and treasurer of the Jaypee Wish Town Flats Social Welfare Society, a citizens’ group that looks after the welfare of Jaypee customers, says it’s a good interim relief for homebuyers.
Revised Due Date for Filing ITR and Audit Report October 31
The deadline for filing income tax returns for the financial year 2016-2017 has been extended further till October 31.
Infosys Board's Poor Governance Was Focus, Not Personal Gain, Says Narayana Murthy
N R Narayana Murthy, who had not spoken ever since Infosys CEO Vishal Sikka quit on August 18 citing slander by founders, said co-founder Nandan Nilekani taking over as Chairman is good for the company as he is "stickler for good corporate governance".
Steps Taken to Bring Down Cost of Digital Transactions, Says Arun Jaitley
Digitisation has to reach down to the village level as cash mode of transactions is always insecure, said finance minister Arun Jaitley.
Vishal Sikka Denies Joining HP Enterprise, Post-Infosys
"Reports of me joining the US IT major Hewlett-Packard Enterprise (HPE) are false. Someone is trying keenly to put me in a box," Sikka told CNBC-TV18.
McDonald's Case: NCLAT Asks Parties to Settle Row Themselves
According to the termination notice issued by McDonald's to CPRL, the outlets have time till September 6 to function, post which they will have to stop using McDonald's name and trademark.
Comeback Kid Nandan Nilekani Calms Investors, Says Infosys CEO Hunt Will be Global
Within hours of being made Chairman of the Board of Infosys, Nilekani and other top executives of Infosys held a conference call with shareholders.
Infosys Chairman Nilekani Says to Focus on CEO Search, New Board And Strategy
Nandan Nilekani told investors on a call on Friday that he had come in to focus on the future of the company, take the company forward and deal with its challenges.
AI Puts Key Properties for Sale, Aims to Net At Least Rs 500 Crore
According to a public notice, the airline has sought bids for the sale of properties in Mumbai, Bengaluru, Kolkata, Chennai, Thiruvananthapuram, Ahmedabad, Pune, Goa, Lucknow, Gwalior, Gurgaon and Bhuj.
Infosys Shares Rise on Reports that Co-Founder Nandan Nilekani May Return to Board
Vishal Sikka resigned as CEO last week amid what he said were "baseless/malicious and increasingly personal attacks" - sparking a sell-off and wiping billions of dollars off the firm's market value.
Rupee Gains 8 Paise Against Dollar in Early Trade
Besides, the dollar's weakness against major currencies overseas and a higher opening in domestic stocks kept the domestic unit in good spirit, forex dealers said.
