GST booster: Sensex rallies over 550 points in morning trade, Nifty Auto jumps 2.51 pc
The Indian benchmark indices opened higher on Thursday, buoyed by transformative rate reductions announced by the GST Council across sectors.
Read More
Google must pay $425 million in class action over privacy, jury rules
The jury found Google liable on two of the three claims of privacy violations brought by the plaintiffs. The jury found that Google had not acted with malice, meaning it was not entitled to any punitive damages.
Read More
GST 2.0: Big savings on small cars, prices to drop by 12-12.5%
The GST rate reset is anticipated to stimulate demand for small cars and two-wheelers, benefiting entry-level consumers. Small cars and motorcycles under specified engine capacities will see reduced GST rates, potentially lowering ex-showroom prices significantly. Larger vehicles will also experience…
Read More
Govt scouting for investor willing to infuse $1 billion to pick up 12-13% in Vodafone Idea
Currently, the government owns a 48.99% stake in Vodafone Idea, having converted some of its past dues into equity. ABG and Vodafone hold 9.50% and 16.07%, respectively.
Read More
Electronics items to see price cuts; ACs, dishwashers likely to see reduction of Rs 3,500-4,500 apiece
Aspirational consumer electronics like large-screen TVs, ACs, and dishwashers are set to become more affordable. Chief executives anticipate an 8-9% price reduction following a significant 10 percentage point cut in GST rates. While sales might dip temporarily as consumers delay…
Read More
Complaints of favoritism triggered inquiry into CEO: Nestle CFO
Nestle ousted ex-CEO Laurent Freixe after receiving complaints of favoritism and a romantic relationship with an employee. An internal investigation initially found no evidence, but further complaints led to a second investigation, revealing a breach of the company’s code of…
Read More