Diwali came early for India Inc and the bourses after the Centre slashed effective corporate tax to 25.17 per cent, inclusive of all cess and surcharges, for domestic companies. For more, tune in to the special podcast.
Sensex tanked 470 points and Nifty slipped to 10,700. Transport associations in Delhi called for a strike as a protest against the steep hike in penalties for road traffic violations. ISRO is still trying to revive communication with the Vikram Lander. For more tune in to the Daily Rundown.
America is all set to say Howdy Modi this weekend. US Pres Donald Trump will join Modi on stage at the rally in Texas. The RBI’s mandate on loans goes into effect from the beginning of next month. This will see banks link their loans to an external benchmarks. For more updates, tune in to the Daily Rundown!
While Zomato puts an end to 'infinity dining' for Gold users, it plans to launch 18 original videos on its app. GST Council may lower levies on auto and FMCGs as demanded by the sectors. UP state treasury deems the chief minister and his council to be 'poor'. Find out more in this rundown.
Tired of explaining your location to the delivery executives? Worry no more. Flipkart has solved the great Indian address puzzle. Meanwhile, Hangzhou hosts a farewell for Jack Ma as he retires as the chairman of Alibaba Group. More exciting news ahead, tune in to the rundown.
Monday was the bitter most in 22 years for India's motown, the worst-ever drop in August with despatches in all segments. But Monday turned out to be sweet for PwC that's been trying to get its name off the Satyam accounting scam.
With banks welcoming the latest government's move to consolidate state-owned banks, there goes a raging debate on whether the economic downturn is cyclical or structural. Past experiences have taught us that fiscal stimulus inspires more confidence in the economy than monetary easing. As Keynes would have said, "There's many a slip between the cup and the lip"
While Apple will soon launch its first webstore in India, Aircel has laid off 1,000 of its employees. The auto sector will need more reforms than the ones FinMin has suggested to pull through, and many more in today's rundown.
The gargantuan Statue of Unity has earned a coveted spot in TIME Magazine’s World’s Greatest Places 2019 list. As China hunts for spies over LinkedIn, Pakistan civil aviation authority closes three routes for Karachi-bound flights.
With some FMCG majors announcing mass lay-offs and banks asking for the central government's intervention, a recession has been on the cards for India for a while. But will Sitharaman's relief measures be enough?
As the economy is heading for a slowdown, RBI Governor stepped in to calm everyone down, and asked everyone not to be 'panglossian'. In other news, one in every three global fund managers believes that we are heading towards a recession in the next twelve months.
As the economic train pulls up at the slowdown platform, India Inc have reported a drop in profits. Nevertheless, it plans to spend Rs 28,000 crore in promotional adverts to stir the festive fervour and fillip the demand.
As the economy dives deeper into despair, PM Modi promised that he would leave no stone unturned in making India a prime business destination in an exclusive interview to ET. In other news, Mukesh Ambani at RIL AGM today laid out his audacious plans for Jio
A day after the Rajya Sabha passesd the historic bill to reorganise Jammu and Kashmir by revoking Article 370 , all eyes were in Lok Sabha today. Here's how the action unfolded in the lower house with leaders raising various aspects.
After the BJP government revoked special status accorded to J & K under Article 370, and further proposed rearranging the state geographically, the ramifications and uproar in its wake have been monumental.
From PM Modi appearing on Man V/S Wild with Bear Grylls, to TATA Sons chairman asserting UP to be a cataclysmic force in making India a ₹5 trillion economy to India’s growing affluence seeing its population turn more carnivorous, this podcast entails the complete highlights for today.
Finance Minister Nirmala Sitharaman has proposed to increase the surcharge levied on top of the applicable income tax rate from 15% to 25% for those with taxable incomes between Rs 2 crore and Rs 5 crore, and to 37% for those earning more than Rs 5 crore. The announcement dashed hopes of several FPIs which wanted a respite from the tax burden, originally aimed at the ultra-rich citizens.
From Netflix subscription to corporate taxes hauling down, Indians have much to cheer about. While UGC releases "self-styled, unrecognised" universities, Trump's officials turn defensive with his remarks on Kashmir.
ISRO successfully launched Chandrayaan II to explore the the Lunar South Pole. The south pole region, which has remained unexplored till now, contains craters that could contain a fossilised imprint of the early Solar System.
Flight Lieutenants Gunjan Saxena and Srividya Rajan flew helicopters deep into enemy territory during the Kargil war. Their contribution paved the way for the Air Force to take in more female IAF Officers.
Captain Neikezhakuo Kenguruse, the only Maha Vir Chakra awardee from ASC, climbed barefoot in minus 10°C, shot two inflitrators and hacked two others to death in hand to hand combat before a torrent of bullets tossed him off of the cliff.
ICJ releases the verdict in favour of Kulbhushan Jadhav reading Pakistan as guilty of violating Vienna Convention. Airtel and Jio set to tie up with HUL. Chadrayaan-2 all set to be launched on 22nd July 2019. Amidst all this, the Karnataka house humdrum continues as Kumaraswamy moves one line motion.