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GST rate revision: CBEC asks consumer goods companies to immediately revise MRP on products

New Delhi: The Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna has written to Fast-Moving Consumer Goods (FMCG) companies asking them to immediately revise maximum retail price (MRP) on all products in line with the latest reduction in GST rates. The Goods and Services Tax (GST) rate was reduced on 178 items including detergents, shampoos and beauty products, ... Read More »

GST rate cut: Centre doubles down on GST’s gains for consumers

Cabinet nod for National Anti-profiteering Authority; entity to ensure fair pricing A day after the Centre notified the latest set of cuts in the rate of tax to be levied on a wide range of goods as part of the Goods and Services Tax (GST), the Union Cabinet on Thursday approved the creation of the National Anti-profiteering Authority to ensure ... Read More »

Saudi Crown Prince Discards Royal Balancing Act For One-Man Rule

The detentions on grounds of corruption — seen by some as a power grab by 32-year-old Crown Prince Mohammed bin Salman — have ended a system by which kings maintained stability in the world’s largest oil supplier by parceling out powers to different branches of the family. Two weeks ago, Saudi Arabia’s powerful crown prince hosted some of the world’s ... Read More »

Cut in interconnect charge may boost RIL’s EPS by 8%

ET Intelligence Group: Savings from the sharp cuts in the interconnect usage charges (IUC) should result in an upgrade in the projected valuations of R Jio, the telecom venture of Reliance Industries BSE -0.54 % (RIL). That should create room for further upside at RIL BSE -0.54 %, now trading close to record highs. The stock has gained nearly 20 ... Read More »

Infosys to hire 6,000 engineers annually over next 2 years, ramps up recruitment in US, Europe

New Delhi:  Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last fiscal, according to a top company official. The country’s second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide ... Read More »