Tag Archives: Hike

Hyundai Absorbs Some GST Cess Hike Costs, Spares Some Variants Of Cars Like New Verna and Creta

Hyundai’s recently launched Verna is yet another runaway hit for the Korean carmaker in India. There were fears that the Verna train might be slowed down by the government’s recent decision to hike cess on the GST charged on most passenger cars and SUVs. At the launch of the new Hyundai Verna, the company had promised a price protection for the first 20,000 customers ... Read More »

10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know

The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess – 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 ... Read More »

Bike and Hike Days back at Washington Park

Nine-month-old Kinley O’Neill of Springfield was having a good time feeding the ducks and watching the squirrels Sunday as her family strolled through Washington Park on Bike and Hike Day. The Bike and Hike Day tradition at Washington Park resumed May 1, and is set to continue through September. From 8 a.m. to 3 p.m. on Sundays and 4 to ... Read More »

Budget 2017: Mobile Phones Prices Likely to See 1-2 Percent Hike, Says Counterpoint

With the Union Budget 2017-18, Finance Minister Arun Jaitley levied a 2 percent Special Additional Duty (SAD) on imported populated PCBs for use in the manufacturing of mobile phones. The new customs duty is likely to affect the pricing of the ‘Make in India’ mobile phones considering price of the PCBs make up a significant part of a phone’s cost. ... Read More »

Budget 2017: ‘Made in India’ Mobile Phones Likely to See Price Hike

Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017-18 with some changes in customs duties to “provide adequate protection to [the] domestic industry.” The government has imposed Special Additional Duty (SAD) on populated printed circuit boards (PCBs) for use in the manufacturing of mobile phones. The Budget 2017 has levied a 2 percent Special Additional Duty (SAD) on ... Read More »

Mercedes-Benz To Hike Car Prices In India By Up To 2% Across Model Range

Joining the list of carmaker’s who have announced price revisions this month Mercedes-Benz India has announced its plan to increase car prices in the country by up to 2 per cent, varying across the model range. The price hike will be for the carmaker’s entire model range and will be effective from 1st of January 2017. In a statement released ... Read More »

No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya

New Delhi: Retirement fund body EPFO is not considering any proposal to increase investments in Exchange Trade Funds (ETFs), Parliament was informed on Monday. “The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) has approved investment of only 5 per cent in ETFs. At present, there is no proposal under consideration of the government to enhance this limit,” Labour ... Read More »

Snapdeal to Hike Salaries by 20 Percent for Top Performers

E-commerce major Snapdeal will roll out annual salary hikes of 20 percent and above for its top performers as part of its efforts to become a “meritocracy-led” organisation. The increase, effective from April 1, will also include ESOPs for the top performers. “We have moved onto a trimester-based performance review. We want to be a meritocracy-led organisation and we want ... Read More »

Flipkart, Hike Messenger Cross 50 Million Downloads on Google Play

Flipkart announced on Friday that it has become the first Indian app to cross the 50 million installs landmark on Google Play, adding that it achieved the milestone on the first week of February 2016. The claim was verified by statistics presented on Google Play, which counts over 50 million installs of the Flipkart app. Other e-commerce players like Amazon ... Read More »

Government Planning Hike in FDI for PSU Banks: Report

New Delhi: The government is planning to increase the foreign investment limit in public sector banks to 49 per cent from 20 per cent with a view to attract overseas inflows. The Finance Ministry is looking into the proposal, sources said adding it may be announced in the forthcoming Budget 2016-17. If the government accepts this proposal, it would lead ... Read More »