Preeti Soni

Import of exported electronic good for repairs is now easy

The Finance Ministry on Wednesday eased the rules for import of exported electronic goods. The mandate issued by the Central Board of Indirect Taxes and Customs (CBIC) states that the exported goods can be imported without any duty on a condition that...

As RBI gets tough on power companies, Supreme Court grants interim stay

The apex court on Tuesday halted the insolvency proceedings providing interim relief to power companies, textile companies and ship owners. The order holds the Reserve Bank of India's February 12 mandate and recommends RBI to maintain status quo. It...

Stock Market Update : Sensex falls 509 points to close at 37406, nifty closes at 11286

Replicating the yesterday's trend, Dalal street indices ended in red, losing over 1% on the second consecutive day. BSE Sensex broke by 509.04 points or 1.36% to close at 37406.38, while the Nifty fell 152.10 points or 1.33% to...

Petrol Price Relief: Rajasthan, Andhra and West Bengal cut VAT on fuel

After clear indication from central government to remain firm on excise duty levied on petrol and diesel, Rajasthan, Andhra Pradesh and West Bengal intervened to lower excise duties. Rajasthan was the first state to announce tax reduction on Sunday. The...

Tech Mahindra partners with Intel to open Center of Excellence in India and US

IT major Tech Mahindra on Tuesday announced to set up two 5G Centre of Excellence powered by Intel technology in Redmond, Washington, and Bengaluru, India. The company in a statement mentioned the very purpose of CoE is to help communication...

Despite all-round opposition, government to remain firm on VAT-excise duty on fuels

Neither state nor central government has the capacity to cut down taxes levied on petrol or diesel due to the revenue loss from such an action, an ET report quoted a government official. Opposition parties invoked a strike to...

Jio working to integrate satellite connectivity to offer seamless 4G services in rural areas

Reliance Jio has been considering to use satellite connectivity to connect rural and remote area by 4G LTE based voice data and services. It is planning to deploy a unique satellite backhaul based network using technology from US based...

Raghuram Rajan on falling rupee : Indian Currency is not in a free fall

Former RBI governor, Raghuram Rajan on September 10 assured that rupee is not in a free fall and appropriate measures by Central Bank will control the inflation. The value of rupee hit its lowest against the growing US dollar...

Airtel’s tower vertical may lose 18% operating income post vodafone-idea merger

Bharti Infratel, Airtel's tower unit, may suffer decline in revenue and operating income during FY18-20 owing to the tenancy cancellations by the Vodafone India-Idea cellular combined entity, an ET report stated. Estimates by Swiss brokerage UBS over tower unit of Bharti...

Sensex tanks over 400 points in biggest drop since March

Sensex and Nifty plunged over 1% in the afternoon on Monday. While BSE Sensex tanked over 400 points to close at 37,922.17, Nifty ended down 151 points to 11,438.10 followed by heavy selling on counters of finance, oil, and gas. Forty-Two stocks...

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Borderlands 3 cloud-save hotfix coming soon

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Radhika Apte makes a Classy appearance at IIFA Rocks 2019

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