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  • How ecommerce-focussed logistics cos tread a path filled with hurdles
    on January 18, 2018 at 6:24 pm

    It would appear that the chaotic traffic in India's major cities presents the biggest hurdles to logistics companies catering to ecommerce companies. But there are larger roadblocks. At a recent business event in Delhi, a cohort of logistics companies spoke about the myriad challenges impeding their growth, new regulations topping the list."One of the immediate things we are looking at is some representation with the government on the e-way bill, which is a part of the post-GST implementation," […]

  • Buying a new phone? Here's why you may have to shell out more money
    on January 18, 2018 at 5:56 pm

    The budget is expected to give Make in India a boost through a customs duty rejig, but the move could make imported high-end mobile phones and electronic goods costlier. Basic customs duty may be imposed on components such as printed circuit boards, camera modules and displays that are allowed duty free entry now.The exercise is part of a broader customs duty revamp in the budget that is expected to also address inverted duty structures—finished goods facing lower duty than the inputs […]

  • Duty recast may make imported high-end mobile phones costlier
    on January 18, 2018 at 5:56 pm

    The budget is expected to give Make in India a boost through a customs duty rejig, but the move could make imported high-end mobile phones and electronic goods costlier. Basic customs duty may be imposed on components such as printed circuit boards, camera modules and displays that are allowed duty free entry now.The exercise is part of a broader customs duty revamp in the budget that is expected to also address inverted duty structures—finished goods facing lower duty than the inputs […]

  • How real time data analytics can reveal truth behind jobless growth in India
    on January 18, 2018 at 5:48 pm

    By Soumya Kanti Ghosh and Pulak GhoshThere has been practically a no holds barred debate in India regarding jobless growth. The sad part is that like most debates in India, commentators are sometimes blissfully unaware of real time data. So much so that economists in India have defined employment but have been unable to count employment in a proper sense even after 70 years! This piece relates to our recent study on counting employment in India (both formal and informal) through use of real […]

  • Newgen Software Technologies: Successful reboot is the code for company's growth
    on January 18, 2018 at 5:38 pm

    NEW DELHI: The initial public offer of homegrown product-technology company Newgen Software Technologies was subscribed eight times on the third and final day of its public market debut, in the process, providing its three risk capital backers with stellar exits.The successful IPO is bound to bring great cheer to the country's often beleaguered venture capital industry, given their overall paucity in India. Both, IDG Ventures India and Ascent Capital, who held about 17% of Newgen stock, are […]

  • Bhushan Power’s liquidation value doubled to Rs 20,000 crore
    on January 18, 2018 at 5:31 pm

    Independent experts Duff & Phelps and PricewaterhouseCoopers have revised the liquidation value of Bhushan Power & Steel upwards to Rs 20,000 crore, almost double their initial estimates, barely two weeks ahead of a deadline for submission of final bids for the bankrupt company, according to people briefed on the matter.The revision takes into consideration a neardoubling of production capacity at the company's Odisha plant, the people said. Both firms, which evaluated Bhushan Power […]

  • Robotic Process Automation will generate nearly two lakh jobs in India by 2021
    on January 18, 2018 at 1:47 pm

    Nearly two lakh Robotic Process Automation (RPA) led jobs are expected to be generated in the country by 2021, Daniel Dines, CEO and Co-Founder of UiPath, a Bangaluru-based software company, said today.India is in prime position to become a RPA powerhouse because of its growing talent pool and cost advantage, Dines said in a company release here.RPA has been gaining traction as a way of automating repetitive, tedious tasks to handle higher-value analysis and decision-making, he said."India is […]

  • GST Council slashes rates on 29 items to 0 per cent
    on January 18, 2018 at 1:19 pm

    NEW DELHI: Goods and Services Tax (GST) Council have decided to slash rates on 29 items, mainly handicrafts, to zero per cent. The decision was taken during the GST Council's 25th meeting held today. After the meeting, Uttarakhand Finance Minister Prakash Pant said that currently no decision has been taken on simplification of GST return filing."After 10 days, another meeting will be held through video-conferencing. The issue will be discussed then," Pant said coming out of the meeting.The […]

  • Tech View: Nifty50 forms a black candle; market nervous at new high
    on January 18, 2018 at 11:37 am

    After opening with a significant upward gap and remaining in a defined capped trajectory in the first half of the session, NSE benchmark Nifty on Thursday pared 100-odd points from the day's high. The index opened the day at 10,873 and shuttled between 10,887 and 10,782, before closing 28.45 points, or 0.26 per cent, higher at 10,817. During the process, it formed a black/red candle on daily chart.Market experts see no sign of exhaustion but believe strong volatility ahead."We recommend staying […]

  • Nifty finally tops 10,800; 6 factors behind this market rally
    on January 18, 2018 at 8:12 am

    NEW DELHI: Bulls continued to party on Thursday as benchmark stock indices made fresh lifetime peaks their new home, riding on all-round optimism for the economy. The S&P BSE Sensex today surged as much as 425 points to hit a new high of 35,507.36 so far, with FMCG major ITC (up 3 per cent) being the top gainer and Tata Steel (down 3 per cent) the worst laggard. On similar lines, the Nifty50 was up 84 points at 10,872.80. Financial stocks were the flagbearers, followed by FMCG and auto […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

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