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Infosys co-founder Kris Gopalakrishnan to lead panel on protection of non-personal data

The move by the government is also an attempt to stop monopolising of data by big US and Chinese firms, as they control a majority of digital platforms across the globe. This is going to have huge imp

Data regulation, non personal data, Meity, industry news, WeChat, personal data protection Bill, UNCTAD News

Flipkart, Amazon bank on Hindi apps to tap the next 20 crore users

Experts say the vernacular market in the country presents a massive opportunity for e-commerce players. As per a recently released report by RedSeer Consulting, there are 530 million internet users in

Etailer, launching app, Hindi, iOS app, android app, e commerce, Flipkart, Amazon, industry news

Bonanza for exporters: RBI eases priority-sector lending norms to boost exports

Last week, finance minister Nirmala Sitharaman had announced that RBI would soon ease PSL norms for exports, which will release an extra Rs 36,000- Rs 68,000-crore loans to this sector that has witnes

import, export, RBI, Nirmala Sitharaman, priority sector, boost export, boost import News

GST cut hopes dashed, automobile industry is now in self-drive mode

Even as discounts are at all-time high, no relief from the government also increases the possibility of customers getting higher discounts going forward, as companies need to liquidate the excess BS-I

Industry News

Government slashes taxes, Sensex soars

Public spending this year could, however, get a boost from state governments and their companies, while some decline estimated earlier of central PSU capex this year could be partly addressed as they

Economy News

Blockbuster Friday: Markets roar to life on tax dose

The Sensex rallied by nearly 2,000 points on Friday, as investors celebrated the announcement of a cut in corporation tax rates as also the removal of the enhanced surcharge on capital gains tax and t

GDP, Sensex , corporate tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019, corporation tax rate, BSE Sensex News

Lower corporate tax can lead to consumption growth as well: Sudhir Kapadia, partner and national tax leader, E&Y India

Those who are in SEZs, such as software companies, will likely continue with the old regime, as their effective tax rates in certain cases may be lower.

Economy News

GST relief for hotels, outdoor catering; hefty hike in rate for caffeinated drinks

The Council did away with the requirement of filing annual returns for taxpayers up to Rs 2 crore turnover, as part of the moves to reduce compliance burden.

GST, GST Tax Rate, GST Annual Return News, GSTN, GST Council Meeting News

Interest rates: Benign inflation allows room for further cuts, says RBI governor Shaktikanta Das

The US Federal Reserve on Wednesday cut rates by a modest 25 basis points. Bank of Japan maintained status quo on rates on Thursday but is expected to review it.

Eye on growth, inflation, rate cut, Shaktikanta Das, economy news, MPC, monetary policy committee, NBFC, corporate governance, Bank of Japan, RBI News

Essel Group seeks time till March 2020 from mutual funds to clear dues

In January this year, the Zee Entertainment Enterprises and Dish TV stocks fell sharply in the range of 26-33%, primarily on reports of pledged shares of promoters being invoked and sold.

Essel Group, mutual fund, clear due, industry news, zee media,  Zee Entertainment Enterprises, ZEEL, mutual fund, MF News

Lower income tax rates likely in direct tax code regime, hints CBDT member

The Centre's gross tax buoyancy more than halved to 0.7 in FY19 from 1.5 in FY17, proving the above-trend surge in tax mop-up post-demonetisation was short-lived.

CBDT, lower tax rate, direct tax code, Central Board of Direct Tax, economy news, DTC News

No stressed MSME loan to be NPA till March 2020: FM Nirmala Sitharaman to PSBs

Under this scheme, the government will give partial credit guarantee for purchases of such assets up to Rs 1 lakh crore this fiscal. The guarantee will cover up to 10% of their first loss.

MSME, MSME loan, NPA, FM, Nirmala Sitharaman, PSB, industry news, sme, public sector bank, housing finance company, NBFC News

Digital India: After Aadhaar for individuals, land units to have unique IDs

According to official sources, an inter-ministerial committee consisting of the ministries of rural development, IT, agriculture and law — has already started the work for roll-out of the Aadhaar-li

Digitisation, Adhaar, individual, land unit, unique ID, Adhaar card,  agriculture credit, GIS tagged, rural development, IT, agriculture, law  News

Interest rate challenge: RBI not in favour of fixed-cum-floating teaser loans

The central bank is likely to take such a view following comments from State Bank of India chairman Rajnish Kumar that the lender would seek clarifications from the RBI on whether it could offer long-

MPC, monetary policy, rbi, repo rate cut, repo rate, interest rate, policy rate, slowdown, boost economy News

Sun may set on Coal India monopoly; govt to invite bids from global miners

The government aims to allow companies with winning bids to begin development of the coal blocks — which hold proven reserves — by early 2020, the three sources said.

Coal block, Government, global miner, coal india news, coal india, coal gas News

Jet Airways: Synergy meets government officials to discuss airline’s revival

The government, however, has serious concerns on whether the investment from the Synergy Group will comply with Indian FDI rules, as the group is yet to find an Indian partner.

Jet Airways, Synergy, government official, NCLT, Jet Airways crisis, Jet Airways news, Jet Airways stock, foreign direct investment, FDI, industry news

Gone up in smoke: Cabinet approves Ordinance to ban electronic cigarettes

According to Sitharaman, while e-cigarettes are marketed as products to help people quit smoking, they are really not so less harmful as touted to be, and have been blamed for directly causing at leas

smoke, Ordinance, electronic cigarette, electronic cigarette ban, e cigarette ban, industry news, BSE, Godfrey Phillips India, VST Industries, Golden Tobacco, ITC, nirmala sitharaman News

PSU disinvestment: Open to closure of MMTC, STC and PEC, says Piyush Goyal

Managements of STC and PEC are being asked to pursue voluntary retirements of staff vigourously. Current projects handled by STC and PEC could be taken over by other PSUs or even MMTC initially if the

MMTC, STC, PEC, Piyush Goyal, industry news, market news, State Trading Corporation  News

Suzuki to Maruti: Cut costs at plants

Sources aware of the development said that Suzuki advised Maruti on these lines last month when a group of 25 personnel of the latter, including 18 permanent workers, visited Japan.

Suzuki, Maruti, industry news, Maruti Suzuki India, Suzuki Motor Corp, auto sector, auto sector slowdown, auto, premium car, SUV News

Coffee Day sells GV Techpark for Rs 2,700 crore to pare debt

The firm had recently appointed IDFC Securities as an advisor to identify strategic options, including divestment of its holding in Coffee Day Global and other group companies (other than SICAL Logist

India, Congress, Economy news, RBI, Finance Minister, debt  News

CG Power probe: Sebi bans Gautam Thapar from markets

The expenses for the aforementioned forensic audit shall be borne by the company. The above directions from the market regulator shall come into force with immediate effect and shall be in force till

CG Power, CG Power probe, Sebi, Gautam Thapar, market news, BSE, Madhav Acharya, B Hariharan News

Oil on boil: Markets crash for second successive day

The US Federal Reserve is scheduled to meet over September 17-18 to consider a cut in interest rates. Market expects a 0.25% cut in rates. Credit Suisse prefers equity as an asset class in this low

Market news, Market crash, GDP growth, india news, Global oil price, oil price, US China, US Iran, Saudi Iran, international relations News

JSW Steel to go ahead with Rs 50,000 crore capex plan

“There are not many players expanding capacity. So, if you can create capacity by the time the industry looks up, maybe after 2-3 quarters, we are fine,” Rao said.

JSW Steel, JSW Steel capex plan, steel prices, Bhushan Power and Steel, steelmaker News

Electronics Manufacturing: Ravi Shankar Prasad sets up task force to facilitate investments

To this effect, Prasad instructed his ministry to set up an institutionalised mechanism in the form of a task force that would regularly interact with the industry, take their suggestions and address

Electronics, Electronics Manufacturing, Ravi Shankar Prasad, investments, global turbulence News

Bhushan Power: NCLAT declines to pass order on JSW Steel’s plea

hile the deadline of October 5 for implementing the plan still stands, the appellate tribunal said it may dispose of JSW Steel’s appeal in the next hearing slated on October 14, 2019.

Bhushan Power, NCLAT, JSW Steel, NCLAT declines, Bhushan Power and Steel News

Trade wars: Modi, Trump may soon clinch a deal

“We are in dialogues with the US on a number of issues and as we firm up the specifics, we will inform you once the Prime Minister (Narendra Modi) and the US President sit down and finalise...We hav

trade deal, India, US, India US trade deal, Piyush Goyal, Narendra Modi News

How India will be impacted by attack on Saudi crude oil processing facilities

The petroleum ministry said oil refiners have been informed of sustained crude supplies by Saudi Arabia but added that it was closely monitoring the situation.

Saudi Arabia, Saudi Arabia oil crisis, India, crude production, oil processing, Impact on india News
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