India Finance and Business news

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GST draft bills tabled in Parliament; peg peak rate at 40%
Economic Times NEW DELHI: Finance Minister Arun Jaitley today introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti- profiteering authority and arrests for evading taxes. With this, rollout of GST - the ... ---

Laurus Labs director Frank J Wright resigns
Laurus Labs director Frank J Wright resigns This is inform you that the Frank J Wright the director of the Company, has tendered his resignation from the board of the Company with effect from March 31, 2017.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

LG, Samsung, Sony cut TV prices by 15% to take on Micromax, TCL, BPL & Sansui
LG, Samsung, Sony cut TV prices by 15% to take on Micromax, TCL, BPL & SansuiConsumers, too, are showing readiness to buy these brands that are online-exclusive or are available both online and offline, much like in the smartphone market.

Wall Street off as Trump agenda weighed; Dow down for 8th day
Wall Street off as Trump agenda weighed; Dow down for 8th day. Read full details

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.