Once adopted, GST can dramatically alter tax administration in a one-shot solution by replacing a string of multi-layered central and local levies such as excise duties, value added tax and octroi into a single unified tax to lower commercial barriers that impede ease of doing business.
Infosys co-founder Kris Gopalakrishnan has invested an undisclosed amount in Chennai-based speech recognition solutions company Uniphore Software Systems in a Series A round of funding.
The leader of Facebook Inc's fast-growing Seattle office left the company last month, a spokesperson for the online social network told Reuters on Wednesday, a crucial personnel change at Facebook's largest engineering office outside of its Silicon Valley headquarters.
The equity markets continued to bleed as the BSE Sensex fell 146 points in early trade on Thursday, a day after tanking 723 points in the second-worst fall in share prices since the Modi government took office nearly a year ago.
India is home to 56 of the world's 2000 largest and most powerful public companies, according to the Forbes's annual list which is topped by the US with its share of 579 companies.
Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the Reserve Bank of India (RBI) last week, sources told Reuters, evidence of a new-found respect for the bank's governor and a recognition that Modi needs his calming influence on markets.
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.
Extending its slide for the fifth straight day on Thursday, the rupee weakened by another 34 paise to 63.88 against the dollar in early trade on sustained capital outflows amid a weakening trend in equities.
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.