Top stories from the world of business and economy.
Sale of automobiles in India crashed by 23.5 per cent in August, the worst ever decline in a month on a year-on-year basis since 1997-98. Meanwhile, the Modi government completed 100 days of its second term as the economy continued unde a lot of stress. Read on for more headlines from the world of business and economics today:
Going by the 6 per cent tax rate for the equalisation levy, the tax collection of Rs 939 crore in FY19 suggests that Indian entities shelled out at least Rs 15,650 crore to place advertisements with digital giants such as Google, Facebook and mobile phone apps, up from the Rs 9,800 crore they spent in FY18.