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Business

Relief for small traders

In a big relief to small traders, the GST Council on Saturday decided that those with a turnover of up to Rs 5 crore would have to file their returns only once in a quarter, while continuing to pay their taxes on a monthly basis.
Our Special Correspondent Jul 22, 2018 00:00 IST

HDFC Bank net up 18%

HDFC Bank on Saturday posted an 18.2 per cent rise in first-quarter net profit but missed analysts' estimates as the lender chose to include all mark-to-market losses in the first quarter, leading to higher provisions.
Our Special Correspondent Jul 22, 2018 00:00 IST

UPL snaps up US firm for $4.2bn

Chemicals producer UPL Ltd (formerly known as United Phosphorus) will acquire the Florida-based Arysta LifeScience Inc (Arysta) - a global provider of innovative crop protection solutions - for $4.2 billion in an all-cash deal.
Our Special Correspondent Jul 21, 2018 00:00 IST

Fetters off Bhushan lenders

The National Company Law Appellate Tribunal (NCLAT) has now allowed the lenders of bankrupt Bhushan Power & Steel to finalise a resolution plan four days after it put a stay on it.
Our Bureau Jul 21, 2018 00:00 IST

Key verticals help Wipro top forecast

Wipro, the country's third largest software services firm, on Friday beat Street estimates when it posted a first-quarter net profit of Rs 2,094 crore following a strong performance in the BFSI vertical.
Our Special Correspondent Jul 21, 2018 00:00 IST

Services key to trade pact

The Regional Comprehensive Economic Partnership (RCEP) will be incomplete without an agreement on the services sector, commerce secretary Rita Teaotia said on Friday.
Our Special Correspondent Jul 21, 2018 00:00 IST

India begins parleys on steel duty with EU

India is in talks with the European Union to try and mitigate the impact on Indian steel makers of any safeguard duties it may slap on steel imports as part of an ongoing duty war between the US on one side and EU and China on the other.
Jayanta Roy Chowdhury Jul 21, 2018 00:00 IST

Birla Corp strategy

Birla Corporation, the MP Birla group flagship, plans to trim its interest liability through debt refinancing.
A Staff Reporter Jul 21, 2018 00:00 IST

Bata bid to put extra shine on brand

Shoe major Bata India has taken a multi-pronged approach to revamp the good old brand and enhance its appeal among the youth.
Our Special Correspondent Jul 21, 2018 00:00 IST

Tribunal okays JSW bid for Monnet

The JSW Steel-Aion combine on Thursday obtained permission from the National Company Law Tribunal (NCLT) to acquire Monnet Ispat and Energy Ltd (Monnet Ispat).
Our Special Correspondent Jul 20, 2018 00:00 IST

Hindalco tumbles on US buy buzz

Shares of Hindalco Industries on Thursday tanked more than 6 per cent on reports that the AV Birla group firm is in the final stages of acquiring the US-based Aleris Corporation for an enterprise value of $2.5 billion.
Our Special Correspondent Jul 20, 2018 00:00 IST

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