Get ready to pay more for many daily-use items

Several firms plan to pass on the custom duty hikes announced in the Budget to consumers.

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THE ECONOMIC TIMES NEWS DIGEST Tue, Mar 03, 2020 | 04:30 PM IST

Dear Reader, here are top stories of the day.

News Get ready to pay more for many daily-use items Several firms plan to pass on the custom duty hikes announced in the Budget to consumers.... Coronavirus: Karnataka tracks trail of contacts The affected person, a techie from Bengaluru, had travelled to Dubai for a company meeting. ... Biz travel takes a backseat amid virus fears Tata Consultancy Services (TCS), Nestle, HSBC, Paytm, Franklin Templeton and others have put in place protocols to le...

Today's Highlights AGR dues: Tatas pay additional Rs 2,000 cr to govt The government estimated Tata's dues at about Rs 14,000 crore. The additional payment of over and above Rs 2,197 cror... Virus: Japan may postpone Olympics to end of year Tokyo's contract with the International Olympic Committee (IOC) allows it to postpone the Games until the end of the ... Firms bank on virtual meetings to dodge disruptions Rajiv Bhalla, managing director, Barco India said, "With the recent health scare, we are seeing a strong uptake in vi...

Industry Being charged more AGR than is due, claims Airtel Airtel has estimated its AGR dues at Rs 13,004 cr, compared with nearly Rs 40,000 cr as calculated by DoT. ... The essential drugs that could now run out A high-level government committee, which submitted its report to the Department of Pharmaceuticals (DoP) last week, r... Voda Idea's Rs 3,000-cr bill is due today The telecom firm is yet to pay adjusted gross revenue (AGR) dues of around Rs 53,000 crore....

Tech US may have a big news in store for Indian IT US banks, including Citibank, JP Morgan, Goldman Sachs, Wells Fargo and Bank of America have said they would continue... Rs 42,000 crore booster from government for India's local mobile manufacturing According to a report in the Times of India, the production-linked incentive scheme will benefit high end mobile manu... Different metric for digital: Cognizant Digital contributes more than 30% to Cognizant's revenue and is growing at over 20% year on year. Digital is a key ar...

Panache Nope, Narendra Modi is not going offline The Prime Minister put a lot of rumours to rest with his latest tweet.... Musk wants Dorsey to stay on as Twitter CEO, tweets support for him with a heart Reports had suggested that investor Elliott Management Corp has pushed for Dorsey's removal from the role....

Mutual Funds Motilal Oswal Midcap 30 Fund: Fund review The five-year-old fund has beaten its benchmark S&P BSE 150 Midcap TRI over 1-, 3- and 5-year periods. Although it is... Why it makes sense to invest in balanced advantage funds Balanced advantage funds are dynamically-managed equity mutual funds that typically alter their equity allocation bet...

RISE Spinny raises Rs 315 cr, valuation at $150 mn The round values the company at nearly $140-150 million, people familiar with the matter said.... Musk & ISRO propel a Rs 10 cr satellite Satellize draws attention to how what was once being achieved through large satellites at phenomenally high costs can...

NRI Indian-American Seema Verma appointed as key member of US COVID-19 task force In a tweet on Monday, US Vice President Mike Pence announced the appointment of Seema Verma, Administrator for the Ce...

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