Introduces two new plans for prepaid mobile users.
Following fare reduction by Jet Airways, national flag carrier Air India has cut fares by 20-46 per cent on certain flights on select domestic routes for travel up to September 18.
Google on Friday said it is deferring the deadline for developers in India to integrate with its Play billing system from March 2022 to October next year. In October last year, the company had announced March 31, 2022 as the deadline for developers in India to integrate with Play's billing system. A Google spokesperson on Friday said the extension has been done in view of the changes to India's recurring digital payments guidelines.
Ravindra Jadeja, who played a major role in Chennai Super Kings' two-wicket win over Kolkata Knight Riders on Sunday, revealed that transition to T20 format after playing Test cricket was 'difficult'.
Bhavani Chadalavada Anandha Sundh Devi, India's first fencer at an Olympics, lasted two rounds at the Tokyo Games, but impressed before her historic maiden appearance ended in defeat to France's world No. 3 Manon Brunet in the women's individual sabre event, on Monday.
Hindustan Motors on Monday cut the price of its mid-size offering 'Lancer' by over Rs 90,000.
The government has reduced the tariff value for import of edible oil, including palm oil, by up to $112 per tonne, a move which experts said can lead to lower domestic prices. The Central Board of Indirect Taxes and Customs (CBIC), through a notification, has cut the tariff import value of crude palm oil by $86 per tonne, and of RBD and crude palmolein by $112 per tonne each. It also reduced the base import price of crude soyabean oil by $37 per tonne. The changes in tariff value of edible oil are effective from Thursday (June 17).
Hewlett-Packard has targeted 14,500 jobs cuts worldwide or about 10 per cent of its regular full-time staff, including an unspecified number from its Houston campus, over the next 18 months. \n
Reinsurance major Swiss Re will be cutting over 1,100 jobs or about 10 per cent of its global workforce, as part of cost saving efforts.
Under pressure after the instant success of Maruti's 'Swift', Hyundai Motors on Wednesday launched an offensive by reducing prices of its Santro Xing by over Rs 19,000.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
"Earlier, we were being paid a salary of Rs 4.30 lakh per month. Now it has been cut to Rs 3.50 lakh, all in the name of integration (with the erstwhile Deccan)," said a Kingfisher pilot said on condition of anonymity. Kingfisher's management, while slashing the salaries, has taken the defence that it was only implementing the Deccan-Kingfisher package structure in Kingfisher post-the merger,' the pilot said.
Leading home appliances maker Electrolux today said it will be trimming its global workforce by more than 3,000 employees primarily in the wake of weakening demand in Europe and North America.
With plummeting commodity market and share prices, mining behemoth Rio Tinto on Wednesday said it is trimming its global workforce by 14,000 employees as part of a slew of measures to reduce its debt of $10 billion by the end of 2009.
Days after Citi's global CEO Vikram Pandit said the group planned to reduce head-count by 52,000, there are reports that the financial major will lay off over 1,000 employees in India. The financial services company has around 10,000 employees in India.
Mahindra & Mahindra has decided to curtail its capital expenditure of Rs 5,000 crore (Rs 50 billion) in view of the ongoing slump in demand for cars and sports utility vehicles in the domestic market.
Reliance Anil Dhirubhai Ambani Group (R-ADAG) is all set to begin a price war in the direct-to-home market by offering its connection about 43 per cent lower than any of the existing players. Big TV will offer its DTH service for Rs 1,490, while the lowest-priced connection is currently being offered by Dish TV at Rs 2,190, followed by Tata Sky at Rs 2,400.
Pat Cummins blasted the quickest half-century in IPL history to power Kolkata Knight Riders to an emphatic five-wicket victory against Mumbai Indians at the MCA stadium in Pune on Wednesday.
The resolution praised Prime Minister Narendra Modi's leadership and accused the opposition of 'opportunism' and a mindset of 'extreme hate'.
News of all that's transpired on and off the football field.
Kyle Jamieson wrecked India with the ball and opener Devon Conway compiled a half-century to put New Zealand in a commanding position in the final of the inaugural ICC World Test Championship in Southampton on Sunday.
Subdued prices of food items like vegetables pulled down retail inflation for the third month in a row to 5.3 per cent in August, within the RBI's comfort zone. While the Consumer Price Index (CPI)-based retail inflation declined to 5.3 per cent in August from 6.69 per cent in the same month a year ago, food inflation dipped at a much faster pace to 3.11 per cent from 9.05 per cent in August 2020. The food inflation was also lower than 3.96 per cent in preceding month of July.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
The broader NSE Nifty reclaimed the 11,600 level, zooming 326 points or 2.9 per cent to settle at 11,600.20. Top gainers in the Sensex pack included Bajaj Finance, L&T, Asian Paints, ITC, Axis Bank, Kotak Bank, ICICI Bank, HDFC twins, Maruti and SBI, rallying up to 8.70 per cent.
In order to check the abnormal surge in edible oil prices during Diwali festivities, as many as 18 states are in the process of imposing stock holding limits on oilseeds and edible oils after being empowered by the Centre for doing so. Of the 18 states that are in the process of imposing stock limit on my edible oils apart from UP, include Rajasthan, Gujarat, Maharashtra, Odisha, Kerala, Jharkhand, Chhattisgarh, Andhra Pradesh, Tamil Nadu, Tripura and the Union Territory of Chandigarh. Of the 18, Uttar Pradesh, has already imposed stock limits on edible oils, the Centre was informed with as many as 23 states to discuss ways and means to ensure further easing of edible oil prices.
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles with capacity to carry 10-13 persons has been reduced to 1 per cent and the same for diesel vehicles has been cut to 3 per cent.
With this reduction, the one-year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement.
In a significant decision aimed at benefiting a large number of students, the human resource development ministry on Thursday decided to drastically reduce the fees for the post-graduate programmes
Pulse oximeters, hand sanitisers, temperature check equipment and ambulances too will attract lower 5 per cent tax.
The Reserve Bank of India on Friday decided to keep the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of the second Covid wave.
This follows a widespread criticism of its pricing policy as it sold Covaxin to the central government at Rs 150 per dose.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Bharat Sanchar Nigam Ltd on Thursday announced an up to 66 per cent reduction in its cellular tariff and also introduced a new package Plan 525, where cellular to cellular calls are as low as 40 paise.
The other main contender for the party's CM face was Punjab Congress chief Navjot Singh Sidhu, a Jat Sikh face.
The rating agency said, rising COVID-19 cases in India will keep private spending and investment lower for longer.
