Incessant changes to the goods and services tax (GST) rules, also affecting refunds, and procedural issues affect export from special economic zones (SEZs). The Export Promotion Council for Export Oriented Units & Special Economic Zones (EPCES) has listed a number of persisting procedural and regulatory obstacles.

“There have been a staggering 367 changes to the GST rules till April 15, since the new tax structure came into being last year,” EPCES Chairman Vinay Sharma said.

Tata Motors, the market leader in commercial vehicles (CVs), would have exited 2017-18 with higher volumes and market share save for the capacity constrains it faced in the medium and commercial vehicle segment, Guenter Butschek, chief executive officer and managing director, said on Wednesday.

The Supreme Court on Wednesday gave Reliance Communications one week to pay Rs 774.19 crore towards deferred spectrum liabilities.

A bench led by Justice AK Goel gave RCom time till May 2 to pay its liability while disposing of the telecom firm’s two appeals challenging the TDSAT’s April 19 judgments that had refused to grant additional time to make the payment.

Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping increasingly unpopular sedan models in North America.

The No. 2 U.S. automaker said it now plans to cut $25.5 billion in costs by 2022, up from a total of $14 billion the company announced to investors last fall.

Technology giant Microsoft India is the most 'attractive employer brand', followed by e-commerce major Amazon India, says a survey.

According to the findings of Randstad Employer Brand Research (REBR) 2018, the other most attractive employer brands in India include Hindustan Unilever, IBM India, ITC Group, Larsen & Toubro, Mercedes-Benz India, Samsung India, Sony India and Tata Consultancy Services.

Indian lenders will discuss a forensic audit report prepared by Kroll, a corporate investigations and risk consulting firm, which said bids by both ArcelorMittal and Numetal, a VTB Bank of Russia majority owned company, are ineligible to bid for Essar Steel. If the lenders decide to go ahead with the Kroll report, the first round bids by both ArcelorMittal and Numetal is likely to be rejected on Friday.

Wipro on Wednesday posted over 20 per cent decline in its consolidated profit to Rs 18 billion for the March quarter, 2017-18.

The country's third-largest software services firm had registered a profit of Rs 22.67 billion in the year-ago period, as per Indian accounting norms.

Shares of life insurance companies were trading higher in otherwise subdued market with SBI Life Insurance Company and HDFC Standard Life Insurance Company hitting their respective new highs on the BSE on Wednesday.

ICICI Prudential Life Insurance Company (IPRU) has surged 11% to Rs 460, extending its Tuesday’s 7% gain after the company reported better than expected results for the financial year 2017-18 (FY18).

NEW DELHI: Tata Motors is working on revamping its product portfolio and entering new large markets to strengthen its overseas presence once vehicles developed on its recently-unveiled advanced modular platform start hitting the roads in 2019.

aAs part of its transformation, the automaker, which took the fourth spot in the local passenger vehicle market last year, has made significant changes to its exports strategy.

Around 150 players have shown interest in the Air India privatisation process, made queries and sought clarifications on the terms of the flagship carrier’s sale. These include both foreign and Indian airlines, as well as a number of domestic and external non-aviation entities, Business Standard has learnt.

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