Hike partners with Airtel Payments Bank for mobile wallet push

Hike partners with Airtel Payments Bank for mobile wallet push

  New Delhi, Nov 22: Messaging app Hike on Wednesday said it has partnered up with Airtel Payments Bank to power its mobile wallet product. Hike users will have access to the bank’s vast product line including merchant and utility payments, it added. The SoftBank-backed app, which has over 100 million registered users, saw over […]

Simpler GST on cards as tax slabs may merge soon

  New Delhi, Nov 21: As India slowly adapts to the new GST regime, the government is likely to merge 12% and 18% tax slabs soon – at least there has been enough indication for it. Finance Minister Arun Jaitley, on the day of the implementation of the GST on July 1, itself had indicated […]

RIL raises $800 mn at lowest rate ever for 10-yr bonds

RIL raises $800 mn at lowest rate ever for 10-yr bonds

  New Delhi, Nov 21: Reliance Industries on Tuesday said it has raised $800 million by selling 10-year bonds – the first offering since Moody’s raised India’s sovereign rating. The bonds were priced at 3.66 per cent, the lowest coupon ever achieved by an Indian corporate for a 10-year issuance, the company said in a […]

GST rate cuts: CBEC chief tells firms, restaurants to lower prices

GST rate cuts: CBEC chief tells firms, restaurants to lower prices

  New Delhi, Nov 21: Central Board of Excise and Customs (CBEC) Chariman Vanaja Sarna has written to 100 major companies including Colgate-Palmolive, Dabur, Nestle, and Hindustan Unilever, and 15 restaurants including McDonald’s, Café Coffee Day, and MTR, to pass on the benefit of reduction in goods and services tax (GST) rates to consumers. The […]

‘Act fast on GST rate cut or face action’

‘Act fast on GST rate cut or face action’

New Delhi, Nov 20: Companies, including FMCG firms, might be prosecuted if their retailers do not immediately cut the prices of products whose goods and services tax (GST) rates have been slashed. Union Finance Secretary Hasmukh Adhia says the retailers or the companies cannot continue with higher prices on grounds that the old stocks have […]