GST cut: AC prices may go down by up to Rs 2,500

The appliance makers expect a good churn in the festive season, led by the government's proposal to reduce the GST slab on air-conditioners from the current 28 per cent to 18 per cent, which will......

Rising demand for ACs pushes up Voltas stock

The stock of Voltas, the country’s largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution......

LG India signals 'future-ready' push with Rs 11.6K cr IPO

For LG Electronics India, the Rs 11,607 crore initial public offering (IPO) is not just a fundraising exercise. Photograph: Steve Marcus/Reuters The company’s senior executives describe it as a......

GST rejig: Consumer stocks are top investment pick

The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the Eighth Pay Commission dole-out, is likely to push consumption-driven stocks — such as......

DDCA refutes allegations against former chief Jaitley

'No embezzlement took place during Jaitley's tenure.' 'There were only procedural lapses and we have compounded (paid fine) for those lapses.' IMAGE: AAP spokespersons Ashutosh, Raghav Chadha,......