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Marginal Cut In Petrol, Diesel Prices After 16 Days Of Hikes

Despite Wednesday’s mild reduction, petrol and diesel prices are still near all-time highs in some cities, including Delhi and Mumbai. Petrol and diesel prices were marginally lowered on Wednesday, after sixteen days of consecutive hikes. The marginal reduction of 1 paisa per litre comes in the wake of some softening in global crude prices. Despite Wednesday’s mild reduction, petrol and diesel prices ... Read More »

Tax impact of Flipkart, and not Walmart, buying ESOPs

Read more about how and when ESOPs are taxed and why it matters whether Flipkart buys the vested options or Walmart does After Flipkart’s acquisition by Walmart, many Flipkart employees may sell their vested Employee Stock Options (ESOPs). Walmart has also set aside $500 million (Rs3,363.88 crore) for buyback of shares and ESOPs from the existing and former employees of ... Read More »

Indian Air Force’s biggest ever war exercise moved to mountainous borders on Chinese front

For 48 hours on Monday and Tuesday, combat aircraft Su-30MKI (pictured) will practice hitting targets at high-altitude areas along the border with China. After taking down the ‘enemy’ bases on the western frontier, the Indian Air Force’s biggest ever and almost real war game, Exercise Gaganshakti, has now moved to the mountainous borders on the Chinese front where the fighter ... Read More »

A First: Air India Lands In Israel On Thursday

In cooperation with the Tourism Ministry and for the first time, Air India landed in Israel on Thursday, 7 Nissan. Air India launched its direct flight from New Delhi to Tel Aviv, with the grant from the Tourism Ministry. The route opened following the marketing efforts of the Tourism Ministry that included a grant for marketing the new route, the ... Read More »

Aircel network problem enrages customers in Chennai, Assam; here’s what happened

Aircel network problem: Aircel had joined hands with Reliance Communications last year where both the companies mutually agreed to merge the business after the fierce competition offered by Reliance Jio. However, the deal could not materialise and had a fallout. Customers of telecom service provider Aircel on Wednesday virtually laid siege to some of its outlets in Chennai after the ... Read More »

Maruti Suzuki gains 3% post Q3 nos, cut in royalty; analysts see up to 22% return

Brokerages were very upbeat on the stock and hiked target price to as high as Rs 11,000-plus as well. Shares of Maruti Suzuki gained over 3 percent intraday on Monday as investors cheered the December quarter results. They largely reacted to the development of lesser royalty payouts by the firm, which it announced during the results declaration. The company reported a 3 ... Read More »

Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude prices

New Delhi/Mumbai: The oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday. Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election ... Read More »