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Multiple factories will get part of the money, but GM does not plan to state where the new jobs will go, according to the person.

GM India dealers to knock at PMO door over compensation issues

A majority of General Motors India's 96 dealers, which operate around 140 showrooms across India.

2 July 2017 1:43 PM IST

$The next step will be to set up \base kitchens\ in major stations to allow companies to prepare freshly cooked food for delivery on the trains.$ Business

Economy AC coaches with fares less than normal 3AC tariff to begin...

The fully AC train with more Economy AC coaches is expected to cater to more passengers.

2 July 2017 1:35 PM IST

According to Icra, the total housing credit growth dropped to 16 per cent in FY17 from 19 per cent in FY16, with the overall housing credit standing at Rs 14.4 lakh crore as on March 31, 2017.

Business

Housing sales fall over 40 per cent in Jan-May on slow mkt: PropEquity

Launch of new homes also fell 62 pc to 70,450 units during the first five months of this year as against 1,85,820 units.

2 July 2017 12:55 PM IST

GST will help realise over Rs 2 lakh crore additional revenue for both Central and State governments and rationalise prices.

Business

GST to widen tax net, make India Inc more competitive: CII

GST is based on self-compliance with the input tax credit as a powerful incentive to businesses to step into the tax...

2 July 2017 12:51 PM IST

The 7th Pay Commission awards will result in a pay-out of Rs 850 billion this fiscal.

Business

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

2 July 2017 12:18 PM IST

While the GST is expected to create a unified and simple tax system, many of the small and medium enterprises are anxious over their preparedness to usher into the GST regime.

Business

GST: Hospitality, travel cos expect issues in initial months

GST for tour packages, both domestic and international, has seen a marginal increase from 4.5 per cent to 5 per cent.

2 July 2017 12:13 PM IST

The Sensex opened lower at 26,497.71 and dipped to a low of 26,407.58 before bouncing back at 26,737.86, it was quoting at 26,684.94 at 1100 hours, a gain of 82.10, or 0.31 per cent.

Business

Markets to watch closely how GST pans out; may see volatility

GST is likely to result in a near-term disruption as this is a massive reform which is getting implemented in our...

2 July 2017 12:02 PM IST

2016 has already seen record-breaking 50 IPOs and another 22 are in the pipeline for the coming months.

Business

Fundraising via IPO rises 73 per cent to Rs 12,000 crore in H1 2017

UTI Mutual Fund and SBI Life, are expected to launch their initial public offers to raise Rs 35,000 crore in coming...

2 July 2017 11:43 AM IST

The recent hike by capital markets regulator SEBI in the FPI investment limit for government debt will lead to more FPI inflows.

Business

FPI inflows hit 3-month high of Rs 29,000 crore in June

The latest inflow comes following a net infusion of over Rs 1.33 lakh crore in the previous four months.

2 July 2017 11:39 AM IST

Confused about how GST will impact your life? Dont worry, answers to your questions is just a click away.

Business

GST narrows ambit of duty credit scrip use by exporters

Exporters body FIEO has approached the government to widen utilisation of the scrips.

2 July 2017 11:32 AM IST

Business

Hero MotoCorp cuts prices to pass on GST benefits

The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models.

2 July 2017 10:54 AM IST

Union Finance Minister Arun Jaitely (Photo: PTI)

Nation

GST rates at reasonable level; not consumers but traders complaining:...

Jaitley said consumers are not complaining about GST because government has kept the rates at reasonable levels.

2 July 2017 10:07 AM IST