Rediff.com : Business (52)

Economy strong, will keep on taking 'important decisions': PM

Modi also reached out to traders, saying their past records will not be checked by the income tax department if they join the formal economy by getting themselves registered under the GST regime.

GST rate structure needs changes: Revenue secy

He also said GST will take about a year to stabilise.

Renault working with govt on e-vehicle policy

Have the capability to introduce e-vehicles in India but infrastructure not ready, says Renault MD Sumit Sawhney.

Majority of GST assessees fail to file returns for September

Tax experts are nudging the authorities to figure out why so many assessees are not filing their returns.

Good news for EPF account holders

Now, you can get EPF transferred to new employer automatically. Just ensure your Universal Account Number is activated and the employer had done KYC for it, reports Tinesh Bhasin

Diwali lights up used car sales in October

Growth over September 2017 in the used vehicles space has been a staggering 40 per cent.

Why your takeoff from Delhi this winter may not be smooth

Delhi airport, the country's busiest, runs out of slots due to runway capacity constraints.

Why are digital wallet players worried?

Digital transaction players are hurriedly drawing up a memorandum to be taken to the central bank in hope of having a few of the guidelines -- such as full Know Your Customer compliance in 12 months -- overturned, reports Karan Choudhury

Tata Sky keen to cast a wider net

Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.

Govt imposes gold import curbs to check round-tripping

Import by 4-star and 5-star export houses effectively barred from importing for domestic consumption.

How hedge funds make money for HNIs

These funds give the wealthy an option to invest in strategies that other equity products like mutual funds and portfolio management services cannot, says Nishant Agarwal.

Modi's Third Year Blues

The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.

As business slows in India, consultants seek greener pastures

Be it roads, airports, ports or any other infrastructure area, where big consulting firms such as EY, PwC, KPMG, Deloitte, Bain, BCG, Accenture and McKinsey offer expertise, action is clearly missing

Muhurat trading sees worst performance in 10 years

Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.

Can Apple Pay repeat its US success story in India?

iPhone, which accounts for just 3% of sales in India's 100 million-plus annual smartphone market, plans to partner an existing player

Dhanteras took the online route this year

Demonetisation and changes in buying patterns of consumers help in pushing online sales.

Should you buy or sell NBFCs now?

If you have an active trading account or have consumer loans or thinking of taking out a loan, consider investing in NBFCs, says Devangshu Datta

Running to stay in the same place

We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.

Taj Mansingh in its new avatar will start operation from 2020

Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.

Samvat 2073: Investors richer by Rs 25 lakh crore

The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.

Infy under Nilekani: What's different, what's not

While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.

CBI, ED will respond to Mallya's allegations by Nov 3

In the 25-page defence evidence affidavit, which was served to the UK Crown Prosecution Service, Mallya is learnt to have alleged that his was a case of "political vendetta" and "loss-making business".

'Investors won't make much money now'

'It's hard to call whether the Indian markets will go through a time or price correction.'

How life will change for the better for India's domestic workers

Govt working on policy to regularise migrant workers, labour ministry puts out broad contours of the policy for public discussion

'Economically, India is going to be a significant force'

In India to take part in a board meeting, Martin Sorrell, chief executive officer of WPP, spoke to Alokananda Chakraborty on a wide range of subjects.

Wipro CEO: 'The next is automation'

Bhanumurthy B M, president and chief operating officer, Wipro, tells Ayan Pramanik and Raghu Krishnan that service delivery through digital technology-enabled platforms will change the business dynamics for the company.

Why Xi is smiling and Modi isn't

'China has reclaimed, after two years, its mantle as the world's fastest-growing large economy.'

Wipro Q2 profit rises 6%, sees muted revenue growth in Q3

The company's growth was driven by a decline in total expenses, lower finance cost and higher other income.

Ahead of Diwali, Nifty soars, Sensex slips

The BSE Sensex, after scaling a new intra-day high of 32,699.86 in early trade on sustained buying by DIIs and other participants, succumbed to profit booking and closed the day at 32,609.16, down 24.48 points or 0.08 per cent.

No sheen for gold on Dhanteras

The yellow metal witnessed some token buying but failed to take off on Dhanteras, a day considered auspicious for buying gold, silver and other valuables and is largely celebrated in North and West India.

Options trading in gold launched; in cotton, silver, copper soon

Gold is the first product for options trading that markets regulator Sebi has allowed after 14 years of commodity exchanges in the country.

State of economy spooks BJP allies, but no one's listening

Its governing allies are not happy on the economy and complain of ignored concerns but find themselves unable to be assertive.

Jewellers worried over hallmarking rules

Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks

Goyal spikes two pet schemes of Prabhu

The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell

Government plans cyber security cess on e-payment cos

Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.

Modi's ambitious UDAN plan hits air pocket

GMR-led Delhi Airport had accepted the government's request to shift UDAN flights to Hindon Air Force Base, but airlines say poor last mile connectivity will have to be dealt with first before starting operations

Indian execs paying a high price for life in the fast lane

Experts say one in every four mental health problems is due to depression and anxiety at the workplace.

Professional manager, businessman...

Ajit Balakrishnan on mapping the Business Serengeti.

Four stocks that may buck the trend

It would be advisable to look to companies that reported attractive growth during the first quarter, says Mudar Patherya

66 machines used for counting demonetised notes: RBI

In Reserve Bank offices, 59 CVPS machines are used and each machine is operated by a set of five persons under a supervisor who supervises a cluster of machines

TCS hits the jackpot with digital training

Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified

RIL's midas touch is missing in overseas oil & gas assets

The company had assets in countries like Yemen, Peru, Oman, Myanmar, Columbia, East Timor, Kurdistan and Australia, but it exited almost all these blocks later as part of its portfolio rationalisation

Lower food prices push inflation down to 2.6%

Onion prices, however, continued to rule high with 79.78 per cent increase in September.

FMCG: Sanjiv Goenka's latest dream project

Launched this April, the FCG business will end the year with a turnover of Rs 500 crore

Arun Jaitley: 'In India, tax evasion the rule'

'For the first month, we have only had 5.5 million who have paid the tax.'

Digitisation pushes ITES cos to hire off campus

IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.

'No difference between UPA1, UPA2 and this govt'

'Karna is the greatest warrior in the Mahabharata -- in fact, Arjuna is a nobody in front of Karna.'

Update: How Chinese phones are doing in India

Oppo is the second Chinese brand after Xiaomi to secure single-brand retail licence. Xiaomi has now 600 retail partners.

Investors beware: Watch out for what your broker is up to

At the time of filling the KYC documents , do not sign wherever you are asked to. In particular, look closely at the power of attorney section, experts tell Sanjay Kumar Singh

Can 5 star hotels charge Rs 8 for a 3 minute call?

In this interesting case filed by the petitioner against the Taj Hotels, the National Commission gave an equally interesting judgment.