Day: June 3, 2019

GST cut on auto, incentive to scrap old vehicles on SIAM’s budget wish list

New Delhi :  Passing through one of the longest sales slowdowns, the auto industry has sought reduction of GST on all vehicles to 18 per cent from the current rate of 28 per cent. Spelling out its Budget wish list, the Society of Automobile Industry (SIAM) has also asked […]

Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads

New Delhi : Six of the 10 most valued Indian companies together added Rs 99,994.06 crore in market valuation last week, with Tata Consultancy Services (TCS) topping the list. HDFC Bank, HUL, HDFC, Infosys and Kotak Mahindra Bank were also on the gainers’ side, while Reliance Industries Ltd (RIL), […]

RBI policy, macro data key for markets in holiday-shortened week: Analysts

New Delhi : The RBI’s interest rate decision, key macroeconomic data points and global trends would drive the market in a holiday-shortened week ahead, say analysts. Markets would remain closed on Wednesday for Id-Ul-Fitr. Meanwhile, official data released after market hours Friday showed that India’s economic growth rate slowed […]

China raises tariffs on US goods amid esclating tensions

Beijing : China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei. Beijing’s move hits 60 billion worth of US […]

China defence minister says Huawei not a military company

Singapore : Huawei is not a military company despite its founder Ren Zhengfei’s previous career in the army, China’s Defence Minister General Wei Fenghe said Sunday, amid growing US-China tensions over trade and technology in which the Chinese telecom giant has been a main target. The US placed Huawei […]

Japan PM to meet Iran’s Khamenei to mediate with US: report

Tokyo : Japanese Prime Minister Shinzo Abe will meet Iran’s supreme leader Ayatollah Ali Khamenei later this month with Tokyo hoping to mediate between Washington and Tehran, a report said Sunday. As tensions intensify between Iran and Japan’s key ally the United States, Abe has reportedly proposed serving as […]

S Korea urges restraint after North’s missile test

Singapore ; South Korea’s Defense Minister Jeong Kyeong-doo on Saturday fended off calls to step up pressure on North Korea after it test-fired missiles last month. Jeong told an annual security conference in Singapore that the tests were being investigated and a conclusion is within reach. “There are discussions […]

China says trade war ‘has not made America great again’

Beijing : Washington’s escalating trade war with Beijing has not “made America great again” and has instead damaged the American economy, China said Sunday, stressing that while it wants resolution through talks it will not compromise on core principles. The comments came in a white paper released by the […]

Murder accused held after 7 years in Jammu

Jammu : An absconder, wanted in a case of murder registered seven years ago, was arrested here Sunday, police said. Himat Singh (40) alias Kalu, a resident of Kathmandu, Nepal, was held near Peer Mitha, they said. The accused was evading arrest after an FIR was registered against him […]

Police informer killed by Naxals in C’garh

Jagdalpur ;  A police informer was hacked to death by Naxals in Bastar district of Chhattisgarh, police said Sunday. The incident occurred late Saturday night when the deceased, identified as Chhannu Sodhi (30), was on a visit to Bastanar weekly market under Kodenar police station area of the district, […]

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