Why Amazon, Apple, FB and Google are in the dock. It’s not just about economy
There was quite a bit of symbolism when the CEOs of Amazon, Apple, Facebook and Google appeared before the anti-trust committee of the House of Representatives of the US Congress last week. Here were the heads of the world’s most valuable companies, captains of the tech industry and some of the world’s richest men summoned to defend themselves before elected representatives […]
Gold hits record high as US-China ties worsen, Asia stocks helped by tech
Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe haven assets, although sentiment was mixed with tech gains supporting some Asian stocks. MSCI’s ex-Japan Asia-Pacific index rose 1.3% as Taiwan’s TSMC, Asia’s third-largest company by market capitalisation, rose almost 10%. The chipmaker’s gains boosted […]
GST consensus under threat as revenue falls
Consensus has guided 40 meetings of the Goods and Services Tax (GST) Council since its inception, but differences between the Centre and fiscally stressed states within the federal tax body are becoming increasingly difficult to reconcile. The Council, which will meet later this month, is set to see sharp differences emerge over the central government’s […]
Reliance launches unlimited free conferencing app JioMeet as competition to Zoom
After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani’s Reliance Industries has launched JioMeet video-conferencing app with unlimited free calling that is being seen as rate war on rival Zoom. The JioMeet video-conferencing app is available across Android, iOS, Windows, macOS and web since Thursday […]
India not to import power equipment from China: Power Minister
Power Minister RK Singh on Friday said India would not import power equipment from China, amid a border standoff with China. During a virtual press conference with state counterparts, he also asserted that the equipment import from China and Pakistan would not be permitted especially on the basis of inspection. He further said the state […]
GST posts 46% jump from May, but still 9% short of June ’19 collections
The Goods and Services Tax (GST) collection, a weathervanes of economic health, posted a 46% jump in June over the previous month, coming in at Rs 90,917 crore, indicating a recovery in business activity following a 68-day nationwide lockdown, although the number is still 9% short of the Rs 99,939 crore collected in June last […]
Gold climbs to nearly 8-year high as growing Covid-19 fears lift demand
Gold rose to its highest in nearly eight years on Wednesday, as demand for the safe-haven metal was boosted by worries about the global economic impact of surging coronavirus infections in many countries. Spot gold was up 0.4% at $1,788.06 per ounce by 0743 GMT, its highest level since early October 2012. US gold futures […]
Honda City 2020 petrol first drive review: Sedan syndrome strikes good again
Sedans may have taken the bulk of the beating ever since SUVs began flexing muscles in India but one car that has managed to doggedly stand the test of time is the Honda City. Despite being on roads for well over two decades, the City has managed to keep reinventing itself to keep up with […]
Second stimulus may stop contraction in the economy: EY India report
A second round of fiscal stimulus in the latter part of the financial year may help arrest the strong contractionary momentum in the Indian economy, and a borrowing-based full implementation of Rs 111 lakh crore is needed to restore growth and generate tangible employment, consultancy firm EY India said in its latest edition of Economy […]
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
Petrol price on Saturday was hiked by 25 paise per litre and diesel by 21 paise, taking the cumulative increase in rates in three weeks to Rs 9.12 and Rs 11.01, respectively. Petrol price in Delhi was hiked to Rs 80.38 per litre from Rs 80.13, while diesel rates were increased to Rs 80.40 a […]