With the implementation of GST in the country, there has been a significant impact on the businesses as well as the monthly budget of the common man. Based on the GST treatment, the prices of the goods and services will either increase or show a decline.
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SoftBank invests at least $2.5 bn in Flipkart
The largest Internet firm in India, Flipkart Ltd has raised a fresh round of capital from SoftBank Vision Fund; the amount is estimated to be around $2.5 bn, which has increased the company’s cash reserves to more than $4 billion. This will help the company in its battle against Amazon India. Flipkart has not disclos... Read Full Article
Luxury car manufacturers hit out at the move to hike cess on SUVs and large cars to 25%. The manufacturers mentioned that this was against the spirit of the market dynamics and would have a huge impact on the expansion plans under the ‘Make in India’ initiative by the Government.... Read Full Article