Deccan Herald : Business (15)

Snapdeal Board to seek shareholders view on Flipkart deal

Snapdeal will seek views of its shareholders, including Ratan Tata and PremjiInvest, on the proposed USD 900-950 million buyout deal by Flipkart, a source said.The deal is almost through but there are a few areas of concern and the Board wants to seek views and comments from shareholders on the ...

Maruti, Hyundai rule passenger vehicle sales in June

Countrys top two carmakers Maruti Suzuki India and Hyundai Motor India dominated the Indian passenger vehicle sales segment last month with their models occupying all the slots in the top ten list.While car market leader Maruti has seven of its models in the list, rival Hyundai Motor India has three ...

NITI Aayog CEO for govt exit from infra projs, schools, jails

The government needs to exit infrastructure projects and even look at handing over jails, schools and colleges to the private sector as happens to be the case in countries like Canada and Australia, NITI Aayog CEO Amitabh Kant said today.At the same time, he was highly critical of Indias private ...

Google CEO Sundar Pichai joins Alphabet board of directors

Googles India-born CEO Sundar Pichai has been appointed to the board of directors of Alphabet, the search giants parent company has said."Sundar has been doing a great job as Googles CEO, driving strong growth, partnerships, and tremendous product innovation. I really enjoy working with him and I am ...

Uber appoints Sanjay Gupta as Head of Marketing for India operations

At the time when the company is going through an internal turbulent phase, global ride-sharing app Uber has appointed Sanjay Gupta as the Head of Marketing for its India operations. Uber, known for its disruption and globalisation, through this appointment is reemphasizing the importance of focusing ...

Govt to sell entire stake in HPCL to ONGC: Pradhan

Hindustan Petroleum Corp Ltd will become Indias third largest oil refiner after state-owned ONGC acquires governments entire 51.11 per cent stake, Oil Minister Dharmendra Pradhan said today.HPCL, under which all downstream refining units of ONGC will be accumulated post-merger, will continue to ...

'Salary cut lesser evil than layoffs in aviation space'

Slashing salaries is a "lesser evil" than pink slips in the domestic aviation sector, feel HR experts against the backdrop of a leading airline asking junior pilots to take ten days off every month as part of cost balancing effort.While the domestic aviation sector has been registering double-digit ...

Adopt GST and become part of history: Irani to biz community

Calling the Goods and Services Tax a "great step towards transparency," Union minister Smriti Irani today urged the business community to become a part of this historic tax reform."GST is not only a good and simple tax, but also a great step towards transformation. Let us make history and be a part ...

No need for floor price for telecom services as of now: Trai

Telecom regulator Trai today said the industry has reached a consensus that there is no need for a floor price for telecom services as of now.Telecom Regulatory Authority of India Chairman R S Sharma said he met representatives of all service providers today and arrived at a consensus that fixing ...

GST Council may take up certain tax issues at Aug meet

The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along with a review of the implementation of the new tax regime, a top official said.Central Board of Excise and Customs Chairperson Vanaja Sarna also said the department is keeping track of ...

Govt to align financial year with Calendar year: Jaitley

The government is considering changing the financial year to January-December from the existing April-March cycle, Finance Minister Arun Jaitley said Friday."The matter of changing financial year is under consideration of the government," Jaitley told the Lok Sabha in a written reply.He said the ...

CAG raps MoCA for Kingfisher Airlines' dues

The Ministry of Civil Aviation has got a rap on its knuckles from the government auditor for "failing" to take steps to recover Rs 9.19 crore from Kingfisher Airlines.The Comptroller and Auditor General said in a report tabled in Parliament that the Ministry has "failed to ensure" that Bangalore ...

Mercedes launches AMG GLC 43 Coupe in India at Rs 74.8 lakh

German luxury carmaker Mercedes- Benz today launched AMG GLC 43 Coupe in India priced at Rs 74.8 lakh ."This new SUV Coupe is going to be a key addition to our 43 AMG line and will be instrumental in further popularising the 43 AMG range to a new customer base," Mercedes-Benz India Managing Director ...

Over 1.62 lakh companies deregistered till July 12: Jaitley

Over 1.62 lakh companies that have not been carrying out business activities for long have been deregistered and a series of actions are being taken against shell firms, the government said today.While the term shell company is not defined under the Companies Act, Corporate Affairs Minister Arun ...

Mukesh Ambani unveils Jio phone at 'effective price zero'

Indias richest man Mukesh Ambani today announced the launch of a 4G-enabled feature phone priced at "effective" zero that bundles life-long free voice calls with dirt cheap data in a bid to woo 50 crore low-income users to his 10-month old Jio.Ambanis oil-to-telecom conglomerate Reliance Industries ...