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Business News

Textile India 2017 Emphasises On 'Skill, Scale And Speed'

With an aim to promote textile industry in India, the Prime Minister Narendra Modi inaugurated Textiles India 2017 at Gandhinagar, Gujarat on Friday

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K K Venugopal Is Appointed Attorney General of India

Senior advocate K K Venugopal's name has been cleared for appointment as the Attorney General for India following the decision of Mukul Rohatgi to step down as the top law officer.

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80% Items In GST Within 18% Rate; To Benefit Honest People

The landmark Goods and Services Tax will not alter the prices of essentials and daily use items like salt and soaps as they have either been exempt or tax on them has been kept at the current level

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‘Lack Of Support From Local Authorities Makes Food Truck Market difficult’

Food trucks are a flourishing business these days. Food truck festivals are being organized that generate a lot of positive word of mouth for the event organizer as well for the food trucks.

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India’s Core Industries Output Up 3.6% In May 2017

The eight core industries comprise 40.27 per cent of the weight of items included in IIP. The industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.

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Government Slashes Small Savings Rates By 0.1%

The rates have been lowered by 0.1 per cent across the board compared to the April-June quarter. However, interest on savings deposits has been retained at 4 per cent annually.

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TRAI Bats For Lower Levies For Telcos; Favours Cut In GST Rate

TRAI had favoured reducing USO levy to three per cent (compared to five per cent of telcos' revenue) so that effective licence fee is reduced to six per cent (compared to eight per cent).

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India's Largest Refiner IOC Setting Up Singapore Oil Unit

The state-run company is part of a growing group of refiners in Asia that have set up offices in Singapore's oil hub to keep closer tabs on the market and react more quickly to changes.

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Asia Diesel Margins Climb To Over Two Month High On India Buying Spree

Indian state-owned refineries are also undergoing heavy maintenance until the end of this year, upgrading diesel units to produce cleaner fuels to meet new Euro IV standards implemented in April.

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Original Digital Entertainment Gaining Widespread Popularity In India

With more and more people acquiring smartphones and internet connections and Indian economy experiencing a major digital push by the government, the OTT industry is here to stay.

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