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rediff Business

India's largest news and entertainment service online.

Published: Tue, 24 Jan 2017 19:48:01 GMT

Copyright: Copyright: (C) 2011 India Limited. All Rights Reserved.

Wipro vice-chairman T K Kurien to retire on Jan 31
T K has been an integral part of the organisation's leadership for years, says Azim Premji.

Why the rising value of the dollar is bad news for America
Abheek Barua & Bidisha Ganguly explain why the US treasury should intervene if the overvalued greenback continues to rise.

The five tax rules that spook corporate India
What the Budget could hold in store when it comes to tax rules like GAAR, MAT, PoEM, BEPS and ICDS.

The Uber threat to Swiggy, Zomato
The ride-hailing company will soon launch UberEATS, which has been testing food and grocery deliveries since 2014, in India. Alnoor Peermohamed reports.

Smartphone sales fall 30% in top 50 Indian cities
Demonetisation impacted the smartphone market at almost all levels, including customer demand and stock movement in distribution channels.

Sensex, Nifty end 1% higher ahead of January F & O expiry
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.

Rupee logs first gain in 5 days
Dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.

Retail car sales up 3.5% in Dec despite note ban
Maruti Suzuki's inventory across its dealerships is a 100,000 vehicles at the end of any month. However, it was only 34,000 vehicles at the end of December 2016.

P-Note investments fall to 41-mth low in Dec
Sebi is looking at further tightening the norms for P-Notes to address concerns raised by the Special Investigation Team on black money.

Note-ban bites HDFC Bank, posts lowest-ever profit growth
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.

NPS returns better than EPF
Taxation has played spoilsport despite double digit returns.

Kingfisher diverted Rs 263 crore of IDBI loan for personal use
The charge sheet has now paved way for the CBI to approach authorities in the UK for deportation of Mallya.

Jaitley WILL present Budget on Feb 1 as SC junks PIL to postpone it
The Bench did not agree with the submission that in the past, Centre had postponed presentation of Budget due to assembly polls.

In India, who are Maruti's biggest customers?
Hyundai, which is also toeing Maruti's lines, said special schemes are offered to engage the cab aggregators, including annual-maintenance-contract packages and extended warranty.

How to raise India's poor tax to GDP ratio
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.