News digest: GST rate cut, AAI may issue bonds, car sales, and more

Stamp duty, property tax may stay out of GST

Real estate may not fully come under the goods and services tax (GST) because the stamp duty and property tax can stay out of its ambit, suggests a presentation prepared for the GST Council. Read More...

Russian firms expand footprint in India

If you are not clued in, it’s unlikely you have heard of the VTB Group. It owns the second-largest bank in Russia, is known for its closeness to President Vladimir Putin and the government there, and, above all, is a financial powerhouse with a sprawling investment banking business. Read More...

AAI may issue Rs 5,000-cr bonds for airport projects

India’s state-owned airport agency, Airports Authority of India (AAI), is likely to issue bonds to finance airport projects. Read More...

Profit fails to keep pace with speeding car sales

Rising sales volume and revenue are no longer translating into a corresponding rise in profit for top automobile firms like Maruti Suzuki, Hero MotoCorp, Bajaj Auto, and Ashok Leyland. Read More...

Congress charts revival plan for 2019

A Congress revival plan for the 2019 Lok Sabha polls has asked the party leadership to take the lead in shaping an opposition alliance, form electoral understandings in states where the party is weak, decisively curb infighting and make efforts to bring moderate Hindus back to the party fold.

 Read More...