HDFC Bank Ltd will be organising awareness workshops to educate traders, merchants, and businessmen on the forthcoming Goods and Services Tax (GST) Bill, which is slated to come into effect on July 1, 2017. Ahead of its rollout, more than 500 workshops will be held at over 300 towns and cities. The GST is proposed to be a comprehensive indirect tax on manufacture, sale, and consumption of goods as well as services at the national level.

Supply of coal by state-owned CIL to power plants dipped by nearly two per cent to 64.7 million tonnes (MT) in April-May period of the ongoing fiscal even as demand by the power sector showed an upturn. According to recent government data, Coal India(CIL) dispatched 65.8 MT fuel to the power sector in the same period of last fiscal. CIL’s supply to the power sector last month declined by 3.52 per cent to 32.8 MT over 34 MT in May, 2016, the data said.

Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.

The models were built between 2004 and 2012 in India, Ford said in a statement.

New Delhi: Government think tank NITI Aayog has recommended that the privatization of Air India should be done only after unbundling the airline and its real estate assets.

“There are some things that NITI Aayog has suggested and NITI is just a recommending body. Essentially, what it has said is that you delink all the property and sell it off. You have domestic and international operations. It has said that you just sell off these three independently,” said a senior government official requesting anonymity.

A powerful car bombing near the office of the provincial police chief in southwestern Pakistan on June 23, 2017 killed 11 people and wounded 20, officials said.

The explosion near the police chief’s office in Quetta, the capital of Baluchistan Province, was powerful enough that it was heard across the city, shattering windows of nearby buildings, said police spokesman Shahzada Farhat.

Detectives in Britain have arrested two men in connection with an international “conspiracy” to hack the Microsoft network, a media report said. According to a Thursday report in The Registrar, the detectives — based in the South East Regional Organised Crime Unit (SEROCU) — were now investigating “unauthorised intrusion into networks that Microsoft owns” between January and March. “This group is spread around the world and therefore the investigation is being coordinated with our various partners (including Microsoft, the FBI, EUROPOL and the NCA’s National Cyber Crime Unit),” a detective was quoted as saying.

Indian shares fell on Friday, with the NSE index hitting a one-week low, as investors booked profits in financials such as State Bank of India and automakers such as Maruti Suzuki India Ltd. Still, the indexes were headed for small weekly gains on hopes the central bank will cut interest rates after minutes from a monetary policy committee meeting earlier this month showed one member acknowledging that inflation had eased. Caution is, however, likely to prevail in the near term as India gears up to unveil a nationwide goods and services tax on July 1, while monitoring global factors such as falling crude prices.

The Maharashtra State Road Development Corporation (MSRDC) has qualified 15 companies and 10 bidders in joint venture and solo for the 700-km Mumbai-Nagpur Expressway for a total of 16 packages.

The qualified bidders include L&T, Reliance Infrastructure & Cenzig Insaat Sanayi VE Ticaret AS consortium, Tata Projects- Makyol- Insaat Sanayi Turizm ve Ticaret AS consortium, ILFS Transportation Network-Oriental Structural Engineers consortium, China Guangdong Provincial ChangDa Highway Engineering-SEW Infrastructure consortium, Navayug Engineering, China Construction Fifth Engineering Division Corporation, Afcons Infrastructure and NCC-Megha Engineering & Infrastructure consortium.

Huge block deals were executed on Tata Motors and Himatsingka Seide counters on the BSE in Friday's trade.

Tata Motors saw 83.6 million shares or 2.85% of total equity of Tata Group Company exchanging hands on the BSE.

Almost a week after the big-bang announcement by Reliance Industries (RIL) and BP Plc to invest Rs 40,000 crore in the Krishna Godavari Basin field, a senior BP official said that the company has withdrawn its arbitration with the government related to gas prices.

This has triggered expectations that the government could now allow the oil majors to charge a higher price for gas from KG-D6. While the price for domestic natural gas for the period of April 1 to September 30 has been kept at $2.50 per million metric British thermal unit (mmbtu), for deepwater blocks, a higher price of $5.56 per mmbtu is allowed. However, RIL and its partners were denied this price due to arbitration.

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