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gst council lowers tax rates for 66 items




tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to rs 100 have been lowered as the centre and states today reduced levies on 66 items.movie tickets costing rs 100 and below will now attract 18 per cent tax, as against 28 per cent proposed earlie...



wpi inflation at 6-month high of 3.59% in october




wholesale price index (wpi)-based inflation was at a six-month high of 3.59 per cent in october, from 2.6 per cent the previous month. as consumer price index (cpi) inflation rose similarly (to 3.58 per cent, a seven-month high) in the month, this is likely to be a factor if the reserve bank of indi...



consumer prices rise 0.6 per cent in september quarter, less than expected




the aussie dollar dipped after australia's inflation rate came in at 0.6 per cent for the september quarter, missing economists' expectations of a 0.8 per cent rise.the consumer price index was up 1.8 per cent in the year to september 30, figures from the australian bureau of statistics on wednesd...



delhi pass percentage falls by 13.67 per cent




the pass percentage of the class x cbse exam in the delhi region has fallen to 78.09 per cent, a a sharp dip of over 13 per cent since last year's 91.06 per cent, officials said today.the central board of secondary education today announced class x results for five regions - delhi, chennai, allahaba...



october retail inflation touches 7-month high, vegetable prices soar




food inflation moved up to 1.9 per cent in october, from 1.25 per cent in september. the main reason was vegetable prices, with inflation in these up from 3.92 per cent to 7.4 per cent. onions and tomatoes appear the main causes. elsewhere among food items, prices moved in a narrow range. pulses con...



bank of india q2 net up 41% at rs 179 cr, asset quality improves




bank of india has posted a 41 per cent rise in net profit to rs 179 crore for the september quarter. during the last quarter, the bank delivered a profit after a series of loss making quarters.asset quality improved, with gross non-performing assets (npa) ratio and net npa ratio at 12.62  per cent ...



new launches near-term triggers for glenmark




glenmark may have reported a benign performance for the september quarter (q2), but it was anticipated, as the six months’ exclusivity of zetia generic, the cholesterol-control drug, ended in the june quarter. with revenues growing at 1.5 per cent in q2, operating and net profits declined 13.5 per...



schools hike fees by 11-20% across country, parents left stumped: survey




beginning of new academic session has come as a shocker for many as majority of parents said schools have hiked fees between 11-20 per cent this year, according to a nationwide survey. moreover, 15 per cent of parents surveyed said their schools have hiked the fees by over 20 per cent, the survey by...



asx looks to push higher




now that the overnight stuff is out of the way, we can turn to the morning's earnings and - shock, horror - domino's pizza has missed its earnings guidance!domino's full-year underlying net profit rose 28.8 per cent to $118.5, falling short of guidance for growth of 32.5 per cent after same-store sa...



icici bank q2 net falls 34% to rs 2,058 cr




private lender icici bank saw a 34 per cent year-on-year decline in net profit for the september quarter but saw slight improvement in asset quality sequentially. standalone net profit was rs 2,058 crore for the quarter ended september 2017 as against rs 3,102 crore in the year ago period. asset qua...



renting population growing as great australian dream fades




australia’s cohort of renters is on the rise: there are now as many australians renting as there are people who own their property outright.a total of 31 per cent of the population owns outright, 31 per cent rents and a further 34 per cent own a home with a mortgage, data from census 2016 shows....



bjp's vote share more than that of cong in goa




bjp missed its aim of emerging as the single largest party in goa but was successful in securing 32.5 per cent of the total votes. as per the data released by the election commission, the congress, which bagged 17 seats in the 40-member house to become the single largest party, secured 28.4 per cent...



gst to be 5% on footwear below rs 500, 18% on rest




footwear below rs 500 will be taxed at 5 per cent under the goods and services tax, while the rest would be in the 18 per cent bracket once the new regime is rolled out from july 1. gold, on the other hand, will be taxed at 3 per cent and biscuits at 18 per cent.the gst council, chaired by finance m...



northern beaches region the standout in another strong sydney auction weekend




despite reports it’s heading towards a demise, sydney’s auction market produced yet another boom-time result at the weekend, re-focusing after holiday interruptions in the past month.proving the city’s not slowing down, sydney recorded a strong clearance rate of 80.3 per cent which was well...



gst rate on mass consumption items cut to 18pc




the gst council today decided to reduce tax rate on a wide range of mass use items - from chewing gums to detergents -- to 18 per cent from current 28 per cent, bihar deputy chief minister sushil kumar modi said.the all-powerful council pruned the list of items attracting the top 28 per cent tax rat...



yes bank q2 net jumps 25% to rs 1,003 cr; bad loans spike




private lender yes bank saw a rise in net profit by 25.1 per cent to rs 1,003 crore for the september quarter  as against rs 802 crore in year ago period.gross bad loans as a percentage of total loans stood at 1.82% at end-sept, compared with 0.97% a quarter earlier and 0.83% in the year-ago period...



sydney, melbourne house prices rise




house prices have again lifted in sydney and melbourne but have eased in brisbane, adelaide and perth, according to the latest data from property information group corelogic.sydney's home values rose slightly more than melbourne's in the week to june 25, up 1 per cent compared to its southern rival...



barring auto, even retail loans see spike in bad loans: report




even as banks continue to focus on retail loans, as they keep away from the large corporates due to their poor credit quality, a study has found an uptick in non-performing assets across many sub-segments of small loans in the year to march 2017.education loans and commercial vehicle loans reported ...



90% jio users opted for prime, most ready to continue: bofaml




around 90 per cent of reliance jio users are estimated to have subscribed to its promotional prime membership plan, according to the report by bank of america merill lynch.around 76 per cent are ready to continue using jio's service once the promotional period ends, it added."80 per cent of users ha...



asx slides as medibank shines




here's ubs equity strategist david cassidy's take on the reporting season so far; reporting season is now roughly 80 per cent complete (85 per cent for large-caps and 75 per cent for small-caps). results (and guidance) have continued to come in on the disappointing side of expectations. from a sect...



iip recovers to 4.3% in aug, retail inflation steady at 3.28% in sept




call it early signs of recovery or re-stocking ahead of the festive season, industrial output expanded to a nine-month high of 4.3 per cent in august while the consumer price index (cpi)-based inflation rate remained stagnant at 3.28 per cent in september. the food inflation rate declined to 1.25 pe...



qantas profit in cruise mode




here's ubs equity strategist david cassidy's take on the reporting season so far; reporting season is now roughly 80 per cent complete (85 per cent for large-caps and 75 per cent for small-caps). results (and guidance) have continued to come in on the disappointing side of expectations. from a sect...



paradise papers: jindal steel, videocon take a hit, stocks down over 2%




shares of various firms, led by jindal steel, today fell by up to 2.3 per cent amid reports that their names have cropped up in the leaked list of 'paradise papers' of companies. the scrip of jindal steel & power went down by 2.32 per cent, essar shipping lost 2 per cent and videocon industries fell...



sbi biggest bank in terms of volume of smses: report




the state bank of india (sbi) is the biggest bank by volume of smses, with 30 per cent of truecaller users using it, followed by hdfc at 14 per cent and icici at 13 per cent, a new report claimed on tuesday. according to the truecaller insights' report, axis bank at 9 per cent and ing vysya at 8 per...



china trumps india in internet access: pew research centre




china is way ahead of india when it comes to internet access and smartphone ownership, a latest pew research report has said.according to the survey, 71 per cent of chinese say they use the internet at least occasionally or own a smartphone, our definition of internet users. in contrast, only 21 per...