GST 2.0: Mahindra cuts vehicle prices by up to Rs 1.56 lakh

Mahindra & Mahindra on Saturday said it has reduced prices of its passenger vehicle range by up to Rs 1.56 lakh with immediate effect in order to pass on GST rate cut benefit to customers. Photograph: Courtesy, Mahindra & Mahindra

Adani Power, Druk Green plan Rs 6K cr hydro project in Bhutan

Adani Power on Saturday said it has inked a pact with Bhutan’s state-owned utility Druk Green Power to set up a 570MW hydro project entailing investment of Rs 6,000 crore, in the Himalayan Kingdom. IMAGE: Adani Power and Bhutan’s state-owned

Reliance’s refining margins projected to stay strong compared to PSU peers

Reliance Industries’ refining earnings will remain steady, supported by its position as India’s largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Image used for representation purpose only. Photograph: Alexander Manzyuk/Reuters Reliance

Akash Prakash: Why Are FPIs Selling?

You can’t be the second-most expensive market in the world and deliver just 10 per cent EPS growth, points out Akash Prakash. Illustration: Dominic Xavier/Rediff   India has now gone five years with zero net foreign inflows into the public

Reliance sanction compliant; Russian oil benefit capped at 2.1pc of EBITDA

Reliance Industries Ltd has consistently remained compliant with international sanctions and is expected to adhere to upcoming measures on Russian oil, analysts said, estimating that oil sourced from Russia contributes just 2.1 per cent to its consolidated EBITDA. Photograph: Dado

GST impact: Tata Motors to cut PV prices by up to Rs 1.45 lakh from Sep 22

Tata Motors on Friday said it will cut passenger vehicle prices ranging between Rs 65,000 and Rs 1.45 lakh effective September 22 to pass on the full benefit of GST reduction to customers. Photograph: Anushree Fadnavis/Reuters The Mumbai-based auto major

Sensex, Nifty close almost flat in volatile trade

Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on Friday as gains in oil & gas and auto shares were offset by losses in IT and FMCG shares. Photograph: Shailesh Andrade/Reuters After a volatile trade, the

‘US Is An Important Market For Us’

Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief. Illustration: Dominic Xavier/Rediff The 50 per cent tariff on Indian exports to the US has exporters on edge. From scaling back production to fears of

Maharashtra leads in FPO ease of doing business; MP loses crown

Maharashtra has topped the list of states with the most favourable ecosystem for the growth of Farmer Producer Organisations (FPOs), replacing Madhya Pradesh, which has slipped to second place, according to the latest Ease of Doing Business for FPOs (EoDBF)

Mukesh Ambani promises to pass on GST relief to consumers

Billionaire Mukesh Ambani on Thursday termed the second-generation GST reforms as a big booster to consumption-driven growth while his firm promised to pass on the benefit of the cut in tax rates to consumers. Photograph: ANI Photo Ambani, chairman and