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

Rising sales volume and revenue are no longer translating into a corresponding rise in profit for top automobile firms

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