Business

Taxpayers may file GST Tran-1 by May 10

Taxpayers may file GST Tran-1 by May 10

High Court order cites tech glitches The Bombay High Court has extended the deadline for filing of GST Tran-1 by 10 days after it was highlighted that technical glitches made it impossible for many to make the submission before the due date of April 30. “… interest of justice would …

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Apple reports higher profits, announces $100 billion buyback

Apple reports higher profits, announces $100 billion buyback

Apple Inc. on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet. Apple’s quarterly results topped Wall Street forecasts, which dropped ahead of the report on growing …

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India rejects U.S. request on medical device price caps

India rejects U.S. request on medical device price caps

U.S. firms irked by price controls imposed last year; New Delhi may add curbs on 3 products besides stents, knee implants India has told the United States it won’t abstain from capping prices for more medical devices, regardless of pressure to rethink its stance after price controls on heart stents …

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Mark Zuckerberg unveils plans for Facebook dating service

Mark Zuckerberg unveils plans for Facebook dating service

The dating offer was built from the ground up with privacy and safety in mind, as he underscored the firm’s commitment to boosting privacy protections, the Facebook CEO said. Facebook chief Mark Zuckerberg announced on Tuesday the world’s largest social network will soon include a new dating feature — while vowing to …

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‘No excise duty cut on fuel for now’

‘No excise duty cut on fuel for now’

The government is not considering cutting excise duty on petrol and diesel yet as rates have not touched levels that could trigger such an action, said Economic Affairs Secretary Subhash Chandra Garg. State oil firms have not revised petrol and diesel price for almost a week now. This, after petrol price hit …

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Post results, RIL shares loses 3%

Post results, RIL shares loses 3%

Earlier in the day, shares of RIL lost 3.42% when it touched intra-day low of ₹961.10. Shares of Reliance Industries lost more than 3% during intra-day trades on Monday, the first day of trading after the private sector major reported its numbers on Friday. At 11:35 a.m., RIL shares were …

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Uday Kotak redesignated as MD & CEO of Kotak Mahindra Bank

Uday Kotak redesignated as MD & CEO of Kotak Mahindra Bank

Mr. Kotak was the only official among private banks to have a Vice Chairman designation. All others have MD & CEO designation. The board of directors of Kotak Mahindra Bank has redesignated Uday Kotak as Managing Director and Chief Executive Officer with effect from 1 May, 2018. Mr. Kotak was …

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‘RBI fiat on loan revamp for 1-day payment delay right’

‘RBI fiat on loan revamp for 1-day payment delay right’

The culture of saying ‘okay’ for 10-day delay needs to change, says R. Seshasayee, chairman, IndusInd Bank The Reserve Bank of India’s (RBI) circular directing banks to start restructuring loans even if there was a day’s delay in repayment has received the backing of R. Seshasayee, chairman, IndusInd Bank. “I …

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On a wing and a prayer

On a wing and a prayer

Can India make commercial planes? In a decade or two, it could, with serious funding, govt. incentives India is poised to become the world’s third-biggest aviation market in seven years with more than 20% growth, after China and the U.S. To meet demand, Indian carriers have placed orders for 1,000 …

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Laxity at one payments provider affects others: Paytm

Laxity at one payments provider affects others: Paytm

Every system must comply with Reserve Bank rules’ Paytm has said that no payment system should be allowed to roll out services unless they comply with the regulations. The firm cited the recent RBI guideline, which mandates payment systems operators to store data in India, as being key to make …

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