Daily News

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GST Council Lowers Tax Rate On Electric Vehicles To 5% From 12%

The Goods and Services Tax Council lowered tax on electric vehicles to 5 percent from 12 percent earlier. It also reduced the tax rate on the EV chargers or charging stations to 5 percent from 18 percent.

Did you Know

The new tax rate will be effective from Aug. 1, 2019

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Indian Airforce receives four Apache helicopters

According to US Aerospace company Boeing the first four of 22 AH-64E Apaches helicopters ordered by India had been received by the Indian Air Force at the Hindon Station near New Delhi. An additional four Apaches will arrive in the coming week.

Did you Know

Apache - First attack helicopter in India’s defence arsenal

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Digit Insurance to enter health insurance segment

Private sector general insurer Digit Insurance will soon be entering the health insurance segment. The company that currently sells motor insurance, international travel insurance, home insurance and mobile insurance will sell medical policies as well.

Did you Know

Digit relies on technology for claims settlement as well

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PepsiCo India to invest Rs 514 crore to set up snacks plant in Uttar Pradesh

Food and beverages major PepsiCo India is planning to invest Rs 514 crore over the next three years to set up a greenfield snacks manufacturing plant in Uttar Pradesh. PepsiCo is committed to growing its food and beverage business sustainably in India.

Did you Know

PepsiCo India President and CEO Ahmed ElSheikh

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Reliance Jio Becomes India's Top Telecom Services Provider

Reliance Jio Infocomm Ltd. won more subscribers to become India’s biggest telecom operator, as companies prepare for the planned rollout of a 5G network next year. Reliance Jio’s subscriber base grew to 331.3 million in the quarter ended June.

Did you Know

It was launched 3 yrs ago by Mukesh Ambani, Asia’s richest man.

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Alibaba unveils first microchip as China aims for self-sufficiency

Alibaba Group Holding has unveiled its first self-designed microprocessor, potentially marking a key step in China's efforts to promote chip self-sufficiency amid clashes with the U.S. over access to technology.

Did you Know

It is named XuanTie 910 processor.

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CRISIL revises PNB Housing's debt outlook to ‘negative’

Credit rating agency CRISIL has revised its rating outlook on the long-term debt instruments, fixed deposit programme and long term bank facilities of PNB Housing Finance Ltd to ‘negative’ from ‘stable’ while reaffirming the ratings at ‘AA+/FAAA’.

Did you Know

CEO of CRISIL- Ashu Suyash

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FPIs infused a net Rs 10,384.54 crore in June 2019

As per the latest depositories data, FPIs infused a net Rs 10,384.54 crore in June, Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February into the capital markets (both equity and debt).

Did you Know

Foreign Portfolio Investors -FPI

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Corporation Bank ink pact with Bajaj Allianz

Corporation Bank has entered into a MoU with Bajaj Allianz General Insurance Co Ltd for providing insurance cover for accidental death to the specified saving bank account holders of the bank under the group personal accident insurance policy.

Did you Know

P. V. Bharathi -CEO, Corporation Bank.

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Former Union minister S. Jaipal Reddy passes away

Former union minister and senior Congress leader from Telangana, S. Jaipal Reddy passed away. The five-time member of Lok Sabha, four-time MLA and two-time Rajya Sabha member died while undergoing treatment for pneumonia. He was aged 77.

Did you Know

He held the petroleum portfolio under the UPA-2 govt. (2009-14)