Diabytes
GST effect News
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According to the report by research firm International Data Corporation, the rollout of GST caused weak sell in shipments in the second quarter of 2017 as the focus of the distributors was on clearing the existing inventory.
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According to an analysis of 2,108 companies by credit rating agency Care Ratings, the corporate net profits stood at about Rs 1.04 lakh crore in April-June period of 2016-17.
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"The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company's credit quality," S&P Global Ratings said in a statement.
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A central monitoring committee, comprising of 15 top secretaries, will meet every Tuesday to take stock of the situation.
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The tax rates under the new regime have been classified under four sections – five per cent, 12 per cent, 18 per cent and 28 per cent. The Indian Premier League (IPL), which is much of a blend between entertainment and huge prize money, falls under the highest tax section – 28 per cent.
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Derivatives expiry coupled with crude oil prices and direction of foreign funds` movement are expected to affect the equity charts during the upcoming week.
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Bajaj Auto on Wednesday announced a reduction in prices of its motorcycles by up to Rs 4,500 with immediate effect to pass on the expected benefit of GST to customers.
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