From GST hurdle to TCS' role in managing demonetisation impact: 5 key developments

In other news, NSE chief Chitra Ramkrishna quits

Business Standard brings to you a list of five key developments from across the country.

GST roll-out faces roadblock as states refuse to budge

States on Friday refused to budge from their stand on division of administrative powers between them and the Centre under the proposed goods and services tax (GST), putting road blocks in the way of tabling the GST Bills in the ongoing session of Parliament and introducing the new indirect tax system from April 1, 2017.

Currency presses groan under new deadline

Strip searches, overlapping Central Industrial Security Force teams manning closed-circuit television cameras and stiff integrity checks for employees mark the world’s largest operations at India’s four currency presses. 

Even as NSE prepares to go public, chief Chitra Ramkrishna quits

Chitra Ramkrishna, managing director (MD) and chief executive of the National Stock Exchange of India (NSE) has stepped down from her post, even as the country’s largest bourse is set to go public.

Starbucks CEO Howard Schultz to step down next year

Howard Schultz, the visionary leader of Starbucks, said on Thursday he would step down as chief executive next year, handing over to his personally selected successor the management of the company he built into the world’s largest coffee business, with over 25,000 stores in 75 countries.

TCS steps in to help banks manage demonetisation impact

Tata Consultancy Services (TCS), India’s largest IT services provider which works with nearly 100 banks including the Reserve Bank of India (RBI) and State Bank of India, has spent the past 20 days working round-the-clock to make the tech process smooth to manage the impact of demonetisation.