Shares of Eros International Media and Mandhana Industries, two companies associated with Salman Khan, plunged up to 6% on Wednesday after the Bollywood actor was convicted in the 2002 hit-and-run case and sentenced to five-year imprisonment by a Mumbai court.
Manufacturing companies, hemmed in multiple local and central levies, welcomed the passage of the Constitution Amendment bill in the Lok Sabha on Wednesday for rolling out a country-wide goods and services tax (GST), which will remove inter-state fiscal hurdles.
Continuing its decline for the fourth trading session in a row, the rupee today dipped by 10 paise to close at one-week low of 63.54 against the US dollar following distinctly weak trend in local equities amid sustained capital outflows.
The BSE Sensex and Nifty fell more than 2% on Wednesday to their lowest in four months, on strong selling on algorithmic trading platforms, while continued offloading by foreign investors amid retrospective tax worries also weighed.
The passage of the Constitution Amendment Bill to introduce a country-wide goods and services tax (GST) in the Lok Sabha on Wednesday has now shifted the focus on the tax rate and its implication on overall prices and revenues for states.
Japanese auto major Honda will invest Rs 1,775 crore this fiscal year to expand two-wheeler production capacity and to facilitate the launch of new models in India.
India’s official poverty line — a vital economic statistic — has always been a widely debated issue. HT demystifies the details.
The Competition Commission has rejected allegations of unfair business practices against five online retail majors -- Flipkart, Snapdeal, Amazon, Jabong and Myntra -- as it did not find any prima facie evidence of violations.
As the government struggles to maintain investor confidence, foreign direct investments (FDI) into India has surged by 56% in five months since the Make in India programme was launched on September 24, official data revealed.
Reviving the iconic Beetle and the executive sedan Passat, and foraying into the fiercely competitive compact sedan and SUV segments are part of German giant Volkswagen’s strategy to jumpstart its sedate India presence.
With visible greenshoots of recovery in the Indian economy and the government’s reforms push, cases for inbound mergers and acquisitions (M&As) have increased recently.
Rahul Yadav, the CEO of realty portal Housing.com, today withdrew his resignation and apologised for reportedly calling fellow board members and investors intellectually incapable of any sensible discussion.
After witnessing wide fluctuations the benchmark BSE Sensex was trading up by 35.43 points in a range-bound momentum in late morning deals on Tuesday, supported by buying in most of the sectors.
Kishore Biyani-controlled Future Retail and Sunil Mittal-led Bharti Retail will merge to create one of India’s largest retail chains, with more than 570 stores, in a Rs 750-crore mega deal, the two companies said on Monday.
General Motors aims to grab at least 5% market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.