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Aseem Thapliyal
August 16, 2018
The stock has grown 561 per cent from Rs 98.30 on August 16, 2013 to Rs 640 on August 16, 2018. The Sensex has doubled during the same period. Meanwhile, its listed peers PC Jewellers and Titan Company rose 127% and 283.44%, respectively, during the last five years.


Sumant Banerji
New Delhi, August 10, 2018
The high base effect due to GST is likely to impact sales growth for the next couple of months though the onset of festive season later this month may offset it partially.


PB Jayakumar
New Delhi, August 2, 2018
Of the Rs 1434 crore overall revenues from exports in FY18, the USA contributed Rs 194 crore for Ajanta with a five per cent growth over the previous year.


BusinessToday.In
July 26, 2018
Maruti Suzuki's stock slumped over 4 per cent in just 40 minutes this afternoon, after the company announced its Q1 results since the numbers were lower than analysts' estimates. Ironically, the carmaker has posted its highest profit growth in 18 months in the June quarter.


BusinessToday.In
July 20, 2018
However, net profit came below estimates. According to Thomson Reuters data, the firm was expected to report Rs 1,247 crore in net profit forecasted by average estimate of 18 analysts. The net profit also fell short of Rs 1,250 crore estimated by analysts Bloomberg tracks.


BusinessToday.In
July 15, 2018
In last one year of GST regime, the revenue authorities have come across numerous cases of tax evasion where companies used fake bills to claim input tax credit.


PTI
New Delhi, July 13, 2018
Global rating agency Moody's today said it has downgraded the corporate family rating on Tata Motors due to the weakening credit metrics at Jaguar Land Rover (JLR).


BusinessToday.In
July 10, 2018
According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle (PV) sales rose to 2,73,759 units last month from 1,99,036 units in June last year.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APTA), which also includes Bangladesh, Laos, South Korea and Sri Lanka.Income Tax dept sells Cairn Energy shares in Vedanta for $216 millionCairn Energy said it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company to recover a part of Rs 10,247-crore demanded as retrospective tax. The UK company said it still holds about 3 per cent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales.Department of Telecom conditionally approves Idea-Vodafone merger dealThe Department of Telecom (DoT) gave its nod to the Vodafone India-Idea Cellular deal to form the biggest telecom entity in India, but with some riders. An official told PTI that DoT has cleared the Vodafone-Idea merger. They will have to meet conditions for final approval. Earlier, it was reported the DoT was looking to raise a fresh demand of around Rs 4,700 crore ahead of the merger deal between Vodafone India and Idea Cellular over one-time spectrum charges on Vodafone.Mark Zuckerberg overtakes Warren Buffet to emerge world's third-richest man with $81.6 bn net worthFacebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday. And in the bargain, it has propelled its co-founder and CEO Mark Zuckerberg into the Top 3 list of billionaires. He is now the world's third-richest man after Amazon's Jeff Bezos and Microsoft co-founder Bill Gates.Malaysia's IHH Healthcare Berhad outbids TPG-Manipal in the battle for Fortis: ReportIn its second round of bidding, cash-strapped Fortis Healthcare received only two binding bids, from Malaysia's IHH Healthcare Berhad and TPG-backed Manipal Health Enterprises Ltd. And the buzz is that the former has an edge over FHL's earliest suitor. According to Mint, IHH is likely to acquire control of India's second-largest private hospital chain with a binding offer for a stake of at least 51 per cent for Rs 4,700-5,400 crore.Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, AltabaYahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.The deal will see Altaba, which was formerly the internet giant Yahoo! Inc, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48 percent.


BusinessToday.In
July 10, 2018
The firm is the first IT bellwether to announce its earnings in the first quarter of this fiscal. Here's a look at how brokerages expect the firm to perform in the June quarter.


BusinessToday.In
July 10, 2018
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.


PTI
New Delhi, July 8, 2018
The format for annual returns and audit is likely to be approved by the GST Council in its meeting on July 21 and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion.


BusinessToday.In
New Delhi, July 5, 2018
The three state-owned fuel retailers, IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had not revised petrol and diesel prices since June 26 before which it was on a steady decline.


BusinessToday.In
July 3, 2018
Walmart, on the other hand, maintains that the deal with Flipkart will not only prove beneficial for small supplier and farmers, but will also generate employment.


Reuters
New Delhi, July 3, 2018
Shopkeepers and traders affiliated to a local lobby group held scattered sit-in protests across the country on Monday against Walmart Inc's proposed $16 billion acquisition of e-commerce firm Flipkart.


BusinessToday.in
New Delhi, July 2, 2018
Vijay Mallya's luxury jet Airbus A319, which he used to fly in across the world to finalise business deals, was finally sold off. After four failed attempts since March 2016, India's service tax authorities have finally sold it for Rs 34.8 crore. Watch BusinessToday.In video to know more about the winner of the bidding process and the luxurious jet which was languishing at Mumbai airport.


Mudit Kapoor
New Delhi, July 2, 2018
The increased sales figures posted by the Indian auto companies depict a cheerful picture. But, the main reason behind such higher sales this June was weaker demand in June 2017.


PTI
July 2, 2018
The service tax authorities had put the luxury A319 jet, which Mallya used to crisscross the world to solicit business deals, under the hammer to recover their dues to the tune of Rs 800 crore accumulated on account of non-payment of service tax before his erstwhile Kingfisher Airlines went belly up in October 2012.


BusinessToday.In
June 30, 2018
The GST Department has noticed that many of the suspected firms recorded large raw material purchases but little sales -  a situation that suggests under valuation or selling products at lower prices with most transactions in cash.


PTI
New Delhi, June 29, 2018
If petrol, diesel are to be brought into GST, then states will be allowed the levy taxes on top of 28 per cent to prop up revenue. It will take some time to include petrol, diesel in GST as the states have divergent views, Modi said.


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