India to provide tariff concessions on 3,142 items to APTA members

APTA is an initiative under the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) for trade expansion through exchange of tariff concessions among developing country members of the Asia Pacific Region.

Podcast | Pick of the day - How to get an e-PAN using your Aadhaar card

Aadhaar is being promoted by the Centre in a big way. Here#39;s how you can get immediate allotment of a permanent account number with your unique identification card.

Thirsty for more: Bisleri eyes Rs 5,000 crore revenue by 2022, says director Anjana Ghosh

Bisleri produces approximately 15 crore bottles in a month

Vedanta Resources to de-list from LSE, says to simplify group structure

But coming a little over a month after the Thoothukudi protests that left 13 dead, the Group is looking to keep itself away from the spotlight

NSE inks pact with Nasdaq for post-trade tech

The new post-trade technology will replace NSE#39;s current clearing and settlement system operated by the National Securities Clearing Corporation (NSCCL), a wholly owned subsidiary of NSE.

Euro zone June factory growth slips to weakest in 18 months

The output index fell to 54.2 from 54.8 in May, its lowest since November 2016.

CIL coal supply to power plants up 15% in April-June

Coal supplies to power plants during the reported quarter stood at 122.84 MT, up 15 percent from April-June, 2017-18.

TVS Motor June sales increase 15% to 3.13 lakh units, beat expectation

The company said its 2-wheeler sales increased 12.1 percent year-on-year to 3.01 lakh units and scooter sales jumped 13.6 percent to 1.02 lakh units.

Apple rebuilding Maps with own user data and ‘iCars’

The app will be launched with the next iOS 12 update and first released in the San Francisco Bay area.

Saraswati Prasad assumes charge as SAIL CMD

Saraswati Prasad, Special Secretary and Financial Advisor, Ministry of Steel, has taken over the additional charge of the post of Chairman and MD of SAIL on July 1, 2018.

News in Pics: Your daily dose of pictures from around the world

Moneycontrol brings to you select pictures that are making headlines across the globe…

Reliance Jio cries foul over tender rules of govt funded telecom projects

The Mukesh Ambani led firm has also written letter to Universal Service Obligation Fund Administrator Sanjay Singh and marked it to telecom minister Manoj Sinha and telecom secretary Aruna Sundararajan seeking their intervention for removing the clause.

SEBI directs HDFC AMC to cancel pre-IPO share sale, return investors#39; capital: Report

HDFC AMC had sold shares amounting to Rs 150 crore to 140 distributors and advisers at Rs 1,050 per share in April.

Mahindra tractor sales up 22% in June

Exports in the last month stood at 1,252 units as against 1,433 units in the year-ago period, down 13 per cent.

Retailers Carrefour, Tesco join forces in strategic alliance

The alliance will cover the strategic relations with global suppliers, the joint purchasing of own-brand products and goods not for re-sale.

Coming soon from Netflix: Three dozen billboards in Hollywood

The new strategy calls for Netflix to use the billboards in house and not rent space to other companies.

One year of GST: Consumer durables recover, press for lower tax bracket

Consumer durables companies were impacted as they were placed in the higher 28% GST tax slab.

Escorts tractor sales up 73% in June

Domestic tractor sales stood at 9,758 units as against 5,669 units in June last year, up 72.1 percent.

Ashok Leyland sales rise 28% in June

Sales of medium and heavy commercial vehicles rose by 22 per cent to 11,257 units in June as against 9,205 units in the year-ago period.

Harley-Davidson will take #39;big hit#39; for moving some production overseas: Donald Trump

Trump has repeatedly raised the issue of high tariffs by India on high-end Harley-Davidson motorcycles, which in part is responsible for the current trade tension between the two countries.

Bitcoin #39;creator#39; hints at writing a two-part tell-all book

The author also posted a cryptogram, a puzzle, which leads to the possible title of the book

SEBI directs HDFC AMC to cancel pre-IPO share sale, return investors#39; capital

HDFC AMC had sold shares amounting to Rs 150 crore to 140 distributors and advisers at Rs 1,050 per share in April.

Solid demand lifts India June factory growth to fastest pace this year

The Nikkei Manufacturing Purchasing Managers#39; Index, compiled by IHS Markit, rose to 53.1 in June from May#39;s 51.2, the highest since December.

SEBI directs HDFC AMC to cancel pre-IPO share sale, return investors#39;capital

HDFC AMC had sold shares amounting to Rs 150 crore to 140 distributors and advisers at Rs 1,050 per share in April.

Bajaj Auto sales up 65% at 4,04,429 units in June

The two-wheeler major said its exports during the month went by up 44 percent to 1,69,853 units from 1,17,903 units in the year-ago period.

Bharti Infratel receives CCI nod for merger with Indus Towers

Indus Towers is currently jointly owned by Bharti Infratel (42 percent holding), Vodafone (42 percent), Idea Group (11.15 percent) and Providence (4.85 percent).

China June manufacturing sector growth ebbs as export orders shrink - Caixin PMI

The survey showed new export orders contracted for the third straight month and the most in two years, though there was no significant slide from the previous two months.

Nissan scraps potential $1 billion sale of battery unit to China#39;s GSR

Japan#39;s second-biggest automaker said the Chinese investment firm lacked the funds to make the purchase.

Petro products under GST if revenue collections at Rs 1 lakh crore: Sushil Modi

Modi exuded confidence that revenue collections under GST would increase in the fiscal 2018-19, with the new return form likely to be in place in the next five-six months, which would further boost collections.

Bajaj Auto June sales up 65% at 4.04 lakh units, reports highest-ever 3-wheeler sales

Bajaj Auto reported highest-ever 3-wheeler sales that increased sharply by 66 percent to 66,677 units YoY in June 2018.

Adani Group to raise Rs 5,000-6,000 cr via stake sale in subsidiaries

The company said the proceeds from the equity-raising program would be utilised towards strengthening the balance sheet position of group companies including deleveraging the power business.

IDFC to seek shareholders#39; nod to raise up to Rs 2,000 crore

The company would seek shareholders#39; nod at the annual general meeting to be held this month.

10 lakh traders to protest against Walmart-Flipkart deal today: CAIT

Praveen Khandelwal claimed that at a time when there is no policy for e-commerce, it would be a cake walk for Walmart to circumvent the FDI policy Press Note No 3 of 2016.

I-T dept launches #39;instant#39; Aadhaar-based online PAN allotment system

A senior official said the new facility has been introduced in view of an increasing number of people applying to obtain the Permanent Account Number (PAN) for their financial and tax matters.

PM Modi rules out single rate under GST, says Mercedes and milk cannot have same tax

Modi said the Goods and Services Tax (GST) has within one year of its launch led to over 70 percent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.

Coal India production reaches 44.88 MT in June, misses target by 7.9 MT

The shortfall in production has come at a time when some regions, including the national capital, are facing power shortage due to fast depleting coal stockpiles at power plants.

Honda Cars India posts 37.5% rise in domestic sales

HCIL said that they have received over 26,000 bookings of the Amaze since its launch.

Royal Enfield June sales grow 18% to 74,477 units

International sales were also up by 27 percent at 1,889 units last month, against 1,489 units in June last year.

Chinese firms involved in 40% of construction projects in Sri Lanka: report

CIoB has moved a Cabinet paper demanding foreign companies engaged in such works should have local partners.

Walmart India gets half of business via non-store sales

Walmart had started B2B e-commerce in July 2014 from its Lucknow and Hyderabad #39;Best Price Store#39; and was later extended to other stores

Finance Ministry weighs options for consolidation in banking sector

The country#39;s largest lender SBI last month had made presentation twice before heads of other public sector lenders to share its experience of consolidation of five SBI associate banks and Bharatiya Mahila Bank with itself.

NCLT verdict on Tata-Mistry feud on July 4

The key allegation by Mistry camp is that his removal as chairman and subsequently as a director of the board Tata Sons was a result of oppression by the promoters who are in turn owned by Tata Trusts that owns over 68 percent in Tata Sons.

Tata Motors domestic sales up 54% at 56,773 units in June

It registered a strong growth of 64 percent in its domestic sales for the April-June quarter of FY2019 at 164,579 units as compared to 100,141 units in the same quarter a year ago.

Adani Group plans to raise up to Rs 6,000 cr via securities, stake sales

The proceeds from the equity issuance would be utilised to strengthen the balance sheet position of group companies, including deleveraging the power business and to part fund the proposed takeover of integrated business of generation, transmission and distribution of power.

Jewellers expect Centre to fix remaining issues as GST completes 1 year

World Gold Council Managing Director, India, Somasundaram PR said GST is a major fiscal reform since India#39;s liberalisation in the early 1990s.

PM Modi rules out single rate under GST, says Mercedes and milk cannot have same tax

The GST, he said, has seen Indian cooperative federalism at its best. "We consolidated the states and developed proactively a consensus, where earlier governments had failed."

GST led to improved efficiency, moderated retail inflation: CII survey

According to a CII report on the transition to the Goods and Services Tax (GST), its implementation led to increased efficiency for businesses by reducing their transportation time, on account of absence of state barriers.

Indian economy set to touch $5 tillion by 2025: President Kovind

Emphasising that adherence to fair taxation system is much more than merely providing revenue to the government, Kovind said chartered accountants are the watchdogs of public trust.

Manpasand Beverages eyes global expansion, says ready to take on giants

Manpasand, which became the country#39;s first listed non-alcoholic beverages firm with an IPO in June 2015, has been hailed as a success story of disruptive business model.

Audi#39;s sale of diesel, petrol vehicles in India to be equal by 2020, says official

Audi India is now offering both diesel and petrol options in all of its models, except in its sports car models which are available only in petrol engine option.