This could be the first instance when a consumer goods company would move court against NAA. The confrontation began after the government cut tax rates on over 175 items like toothpaste, shampoo, shaving cream and washing powder to 18 per cent from 28 per cent.
Engineering product firms were among the first to embrace AI and machine learning. And the early adopters are reaping gains.
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
Under the previous quality of service rules, penalty on call drop was Rs 100,000 per violation and could go up to Rs 200,000 in case of third subsequent violation.
It takes eight to nine months for developing a robust software from the time the rules are decided, warns Bharat Goenka, managing director of Tally Solutions, one of the entities entrusted as a 'Suvidha Provider' with developing ready software for customers to get them ready for the coming Goods and Services Tax.
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
Roopam Asthana, CEO and whole time director, Liberty General Insurance, answers readers health insurance queries.
The agreement could substantially reduce transaction times and costs and would unlock new opportunities for both rich and poor countries.
You will lose out on discounts and have to pay a higher premium.
Ritesh Agarwal, founder of Oyo Hotels and Homes, seems to be making all the right moves. In a quick chat with Karan Choudhury and Neha Alawadhi, Agarwal explains the moves he has made in the past 12 months to make his operations global.
But, neither were the big companies interested in growing inorganically nor were the smaller ones ready to offer themselves for sale.
An Iran Air flight carrying Indian pilgrims stranded in coronavirus-hit Iran landed at the airport in Mumbai on Friday afternoon, an official said.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
'The change of vocabulary in the India-US conversation was significant and refreshing.' 'It matched the styles of Trump and Modi.' 'The differences were not papered over, but there was determination to resolve them in the days ahead,' says Ambassador T P Sreenivasan.
The aviation authority is concerned about financial health of Air India, Spicejet and Jet Airways.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Paytm plans to launch mutual funds, insurance and banking services and s also providing the option to transact offline with a physical debit card
Customers have started to factor in the narrowing gap between petrol and diesel and the premium that needs to be paid for a diesel vehicle.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
India Inc on Wednesday said the Reserve Bank's move to cut interest rate by 0.50 per cent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.
Asked about top Swiss bank UBS AG, reeling under criticism for sheltering American tax evaders, agreeing to US government's demand for disclosure, Kochhar generally hedged queries saying Indian banks were not in that kind of business. Black money had become a major issue in the run up to the Lok Sabha polls in April-May, with BJP leader L K Advani claiming that $500 billion of Indian money was stashed in banks abroad.
In April this year, HP had announced to lay off about 27,000 employees globally as part of its restructuring process to reduce costs.
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
Auto sector cheers RBI rate cut as 'festival gift'
Panagariya urged the government to undertake labour law reforms and make land acquisition more flexible to attract the multinationals.
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Sales of commercial vehicles rose 9.01 per cent to 51,000 units in December, SIAM said.
Experts point out that National Anti-profiteering Authority does not have the power to advise companies on depositing amounts voluntarily.
Agreement 'endorsed' by members and being legally vetted but will be part of the main Doha agenda only after a tenuous process.
Daily wage earners and casual low income group workers were the worst affected
Luxury car major Mercedes-Benz India will extend its financial arm, Daimler Financial Services to India. A few approvals were needed from the authorities before it could begin operations, said Wilfried Aulbur, managing director and CEO, Mercedes-Benz India, in Pune today.
Apart from special services from banks for their wealth management needs, HNIs are now getting offers from insurance companies, too.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
Service tax accounts for one-third of the total indirect tax collection in the country and the government expects to raise Rs 1.8 lakh crore (Rs 1.8 trillion) through the levy this fiscal.
This is the seventh straight month of growth
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
From being exorbitantly priced to facing stiff competition, Harley was always going to find it tough to crack a market like India, says Dhruv Munjal.
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