The goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.

A government study, attached to the agenda of a Sept. 20 GST panel meeting, has said the total annual revenue loss could be as much as Rs 50,000 crore ($6.95 billion), if the panel decided to lower tax rates for the auto sector to 18% from 28%.

LIC recruitment 2019: The Life Insurance Corporation (LIC) of India has released the recruitment notification for 8,000 posts of LIC assistants on its official website licindia.in. LIC has invited onlineThe selection process will be based on two computer-based tests (CBT) after which they will undergo a pre-recruitment medical examination. Candidates should apply for one LIC division only as multiple applications can be rejected.

An unmanned aerial vehicle (UAV) belonging to the Defence Research and Development Organisation crashed during a trial in an agriculture field in Chitradurga district on Tuesday, a video of which has gone viral.

However, no casualties were reported.

Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest U.S. tech companies as some politicians have suggested.

The Microsoft Corp. co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software giant’s bundling of its Internet Explorer browser to Windows as a way to maintain its dominance in PC operating systems. Ultimately Microsoft remained intact.

New Delhi: Telecom regulator Trai has sought the industry's views to discover appropriate duration for a call to ring in a bid to ensure optimal usage of network and spectrum resources.

Telecom Regulatory Authority of India's (Trai) latest discussion paper on 'Duration of alert for the called party' will also explore the "possibility of customisation of ringing duration" by the phone users, according to a statement.

New Delhi: Braving the slowdown in consumption demand, e-commerce major Amazon India is eyeing 50 per cent more sales in the festive season this year. The company, which is starting its mega festive sale from September 29 to October 4, is expected to showcase lakhs of products in various categories, including 5,000 products in large appliances and furniture categories.

Air India Assets Holdings Ltd (AIAHL), a special purpose vehicle, has raised Rs 7,000 crore through a bond issue, which was subscribed nearly three times.

AIAHL had come out with its maiden bond issue for Rs 1,000 crore with an option to retain an additional subscription of up to Rs 6,000 crore. The bonds are fully-backed by the government.

Mumbai: The Reserve Bank of India has expanded the scope of the Bharat Bill Payment System (BBPS) by adding other categories of recurring payments through the portal.

BBPS is an interoperable platform that enables a customer to pay bills such as telephone, water, gas, direct-to-home (DTH) and electricity at a single location—electronic or physical.

India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a result of the present crisis.

Mumbai: The Indian markets on Tuesday fell 300 points intra-day, amid attacks on Saudi Arabia's oil facilities over increased tension in West Asia during the weekend.

At 12.04pm, the benchmark Sensex fell 0.79% to 36,830.99, while the Nifty 50 was down 0.8% to 10,916 points.

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