Business

Petroleum products could be taxed above GST: Bihar Deputy CM

Thu, 12/14/2017 - 15:52

New Delhi, Dec 14 (IANS) Even if petroleum products are brought under Goods and Service Tax regime, central and state governments will be free to levy taxes over and above the GST slabs, Bihar's Deputy Chief Minister Sushil Modi said on Thursday.

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Railways forms committee to review flexi-fare scheme

Thu, 12/14/2017 - 15:10

New Delhi, Dec 14 (IANS) Over two months after Railway Minister Piyush Goyal announced that the flexi-fare scheme will be reviewed, the railways has set up a six-member committee to review the scheme, by comparing the prices with that of other modes of transport.

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Gang of fraudsters busted in Srinagar

Thu, 12/14/2017 - 14:28

Srinagar, Dec 14 (IANS) Police here said on Thursday it has busted a gang of fraudsters that cheated over 30 business establishments in the Kashmir Valley.

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Nokia, IIT-Delhi to use AI to make networks more reliable

Thu, 12/14/2017 - 13:40

New Delhi, Dec 14 (IANS) Nokia and the Indian Institute of Technology-Delhi (IIT-Delhi) have signed a Memorandum of Understanding (MoU) to use data science, analytics and Artificial Intelligence (AI) to make networks more efficient and reliable.

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Equity indices trade in red, TCS top loser

Thu, 12/14/2017 - 13:30

Mumbai, Dec 14 (IANS) Key Indian equity indices on Thursday traded in the red during the mid-afternoon trade session with heavy selling pressure in consumer durables, capital goods and metal stocks.

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Remove 'bail-in' clause in FRDA Bill: Assocham

Thu, 12/14/2017 - 13:24

New Delhi, Dec 14 (IANS) Assocham on Thursday urged the government to remove a clause in the Financial Resolution and Deposit Insurance (FRDA) Bill that seeks to treat bank depositors as other creditors and shareholders for "bail-in".

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Food prices accelerate November WPI inflation

Thu, 12/14/2017 - 13:12

New Delhi, Dec 14 (IANS) An exponential rise in food and fuel prices pushed India's annual rate of inflation based on wholesale prices to 3.93 per cent for November, official data showed on Thursday.

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Eastern Dedicated Freight Corridor: First phase by August 2018

Thu, 12/14/2017 - 12:36

Aligarh, Dec 14 (IANS) In order to speed up goods traffic and ease the burden on existing rail tracks between Howrah and New Delhi, the work on the first phase of the 1,856-km Eastern Dedicated Freight Corridor that runs through six states will be completed by August 2018, officials said.

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India's WPI inflation at 3.93% in November

Thu, 12/14/2017 - 12:14

New Delhi, Dec 14 (IANS) India's annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday.

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Apple invests $390mn in US-made iPhone lasers

Thu, 12/14/2017 - 11:52

San Francisco, Dec 14 (IANS) As part of its $1 billion Advanced Manufacturing Fund to support innovation and job creation by American manufacturers, Apple has invested $390 million in optical communication component manufacturer Finisar whose technology has made the iPhone's Face ID feature viable.

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Xiaomi Redmi 5A: Great choice for first-time Android users

Thu, 12/14/2017 - 11:30

New Delhi, Dec 14 Chinese handset maker Xiaomi has flooded the Indian smartphone market with devices at overlapping prices but compelling features. Its latest offering, the Redmi 5A, has the price tag and specifications of an entry-level Android smartphone.

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