Business

Hughes, Airtel to combine India VSAT biz

Telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) on Tuesday announced that they will combine their VSAT (Very Small Aperture Terminal) satellite operations in the country. HCIL is a subsidiary of broadband satellite networks and services provider Hughes…

Services sector output growth at 7-month low in Apr: PMI

The country’s services sector activity fell to a seven-month low in April owing to softer rise in new business and disruptions arising from the elections, a monthly survey showed Monday. However, predictions that economic conditions will normalise after the elections…

Income tax e-filers by over 6.6 lakh in FY2019

In a first in recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetisation. According to statistics…

Godrej Properties buys iconic R K Studios’ land

Realty firm Godrej Properties Friday announced the acquisition of iconic R K Studios’ land in Chembur, Mumbai, where it would develop mixed-use project housing luxury flats and retail space. Godrej Properties, part of Godrej group, said it has added a…

Uber hit with Australia class action ahead of stock listing

Global ride-sharing firm Uber on Friday faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia. Thousands of cabbies are alleging that Uber gained an unfair advantage…

Economic growth may have slowed in 2018-19: FinMin

The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said. The Central Statistics Office (CSO), which released the national account data…

PepsiCo to withdraw cases against Gujarat potato farmers

Food and beverages giant PepsiCo India said on Thursday that it will withdraw the cases it has filed against potato farmers in Gujarat for allegedly growing a variety of the tuber for which the company claims Plant Variety Protection (PVP)…

Highest-ever GST collection in April at Rs 1.13 lakh crore

The total gross GST revenue collected in the month of April, 2019 is Rs 1,13,865 crore of which CGST is Rs 21,163 crore, SGST is Rs 28,801 crore, IGST is Rs 54,733 crore (including Rs 23,289 crore collected on imports)…

Indian startups now building products for the world: USISPF

Having graduated from coding or emulating the concepts invented in the west, startups in India have entered a new phase wherein they are successfully building products for the world and raising money from the west, according to a top India-centric…

Eric Schmidt leaves Google board after 18 years

Google-parent Alphabet said Tuesday that Eric Schmidt, who was chief of the internet giant for a decade, will leave the board in June. Schmidt, who turned 64 this month, stepped down as chairman of the Alphabet board at the start…

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