Suresh Prabhu speaks on questions raised on S&DT flexibilities

Questions raised by developed countries on flexibilities provided to developing economies under the WTO norms are ‘controversial’ and ‘extremely divisive’, India has stated irrevocably. Continue Reading

Vodafone Idea loss narrows to Rs 4,882 crores

With initiative undertaken to increase revenue and hold off competition coming into effect, Vodafone Idea, country’s largest telecom operator has announced that its consolidated loss has narrowed sequentially to Rs 4,881.9 crore in March quarter. Continue Reading

JP Morgan invests in Global PayEx

Global PayEx has announced a that banking and financial services provider JP Morgan has invested in it that will help the latter’s clients experience clearer electronic invoice presentation and quicker reconciliation. Continue Reading

Jet deputy CEO and CFO Amit Agarwal quits

Grounded carrier Jet Airways’ deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said today. Agarwal’s resignation is effective from 13 May, it said. Continue Reading

Schaeffler offers repair solutions for LuK tractor clutches

Schaeffler’s Automotive Aftermarket division has come up with new offerings for the expanded range of repair solutions for tractor clutches under LuK brand. LuK is a leading manufacturer of clutch technology, supplying to all major tractor manufacturers (OEM) worldwide and in India. Continue Reading

Visa launches NCMC card for multimodal transport

Payments technology leader Visa has announced the launch of the National Common Mobility Card (NCMC) as conceived by the Ministry of Housing and Urban Affairs. Also known as ‘One Nation, One Card’ according to the firm, it is an interoperable transport card that can be used for payments across all transit segments. Continue Reading

RupeeCircle expands operations to Chennai

P2P lending company, RupeeCircle that is backed by Mahindra Finance has announced the opening of its new office here. The office will be the foothold of RupeeCircle in South India and will give a boost to its financial inclusion initiative in the region, stated a release. Continue Reading

IIFL Finance to raise up to Rs 2,000 cr via bonds

IIFL Holdings Limited has its subsidiary, India Infoline Finance Limited (IIFL Finance), a leading Non-Banking Financial Company, will open a public issue of bonds on 22 January, to raise up to Rs 2,000 crore, for the purpose of business growth and expansion. Continue Reading

12, 18 per cent GST slabs to be merged with rise in revenues: Jaitley

Finance Minister Arun Jaitley Monday hinted at further rationalisation of GST by merging the 12 and 18 per cent slabs, while criticising Congress for oppressing the country with a high indirect tax rate of 31 per cent. With an increase in revenue, India will eventually have a standard goods and services tax (GST) rate between 12-18 per cent for commonly used goods. This would be in addition to 0 per cent and 5 per cent for essential items and a higher rate for luxury, sin and demerit goods.

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