Business

SBI, HDFC Bank spar over M-wallet fee

The banks are yet to agree on how much State Bank will have to pay HDFC for a transaction If you have a savings account with HDFC Bank and you want to transfer funds from that account to State Bank of India’s mobile wallet, you won’t be able to do …

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Apple CEO Tim Cook’s pay slumps along with iPhone sales

Apple’s revenue dropped 8 per cent to $216 billion, while its operating profit declined 16 per cent to $60 billion. Apple penalised CEO Tim Cook for the iPhone maker’s first sales slump in 15 years with a 15 per cent pay cut. Mr. Cook still did extremely well, with a …

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Government Estimates India's GDP Growth To Fall To 7.1 % From 7.6 %

HIGHLIGHTS Government forecasts 2016/17 growth at 7.1 per cent. Economy grew an annual 7.6 per cent a year ago. Government’s estimate doesn’t reflect impact of demonetisation. Government to release revised full-year GDP estimate on Feburary 28. NEW DELHI: India’s economic growth is estimated to slow to 7.1 percent in the …

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Rs. 5 discount for online payment of LPG cylinder

Now, buying and paying for cooking gas (LPG) online will get consumers a discount of Rs 5 per cylinder. State-owned fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will offer “an upfront discount of Rs 5 on every LPG refill to …

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Rupee hits 1-month low on dollar buoyancy, ends at 68.33

Piling on yesterday’s massive loss, the rupee today weakened further by 11 paise to end at a fresh one-month low of 68.33 against the American currency on heavy dollar demand from corporates and importers. Resurgent greenback against other currencies overseas alongside uninterrupted capital outflows predominantly kept forex market sentiment shaky …

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Two-wheeler sales continue to suffer post demonetisation

Two-wheeler sales, specially those of motorcycles, have taken a beating in the aftermath of demonetisation as demand from the widely cash-based rural market nosedived. Major companies, including Hero MotoCorp, Bajaj Auto and TVS Motor Co reported lower sales in December, continuing with the decline witnessed in November, which industry observers …

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HDFC, BoI cut rates

HDFC cuts home loan rates by up to 0.45 per cent Taking cue from banks, country’s largest mortgage lender HDFC on Tuesday reduced its home loan rates by up to 0.45 per cent. Loans up to Rs 75 lakh will attract interest rate of 8.7 per cent per annum, while …

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Keep labour-intensive sectors out of GST ambit: Commerce Ministry

Commerce and Industry Ministry today asked the GST Council to grant ab-initio exemption to exporters from the Goods and Services Tax and keep the labour-intensive sectors like leather and plantation completely out of the tax net or put them in lowest slab. Commerce and Industry Minister Nirmala Sitharaman, after attending …

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