ATF price hiked 5%, commercial LPG by Rs 209

Jet fuel prices in India have been increased for the fourth consecutive month, rising by 5%. This will put additional financial strain on airlines, as jet fuel makes up 40% of their operating costs. Additionally, the price of commercial cooking gas has been raised by Rs 209 per 19-kg cylinder, in line with international benchmarks.

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No inflation risk from latest spike in oil prices: Economists

"Unless retail fuel prices change, there is no direct impact of higher oil prices on Consumer Price Index. However, there will be some marginal impact in the form of higher input costs," said Aditi Nayar, chief economist, Icra.

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LIC Housing Finance takes asset's symbolic possession

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Vedanta plans to spin off, list 5 entities as $2billion debt looms

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Thousands of taxpayers get GST notices for FY18

Tax experts said this would lead to an increase in litigation over the next three months while hitting cash flows of companies as they would be required to furnish 10% of the total liability as a deposit for filing an appeal.

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Government waives export taxes on Bangalore rose onions

The Finance Ministry has exempted the export of Bangalore rose onions from duty, provided certain conditions are met, according to a recent notification. Exporters may be granted an exemption from export duty if they provide a certificate from the state horticulture commissioner certifying the item and quantity of Bangalore Rose Onion to be exported.

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Centre notifies amendments in CGST and IGST rules for online gaming cos; 28% GST rule to come into force on Oct 1

The Indian government has notified amendments to the Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) for online gaming companies. The amendments, which will come into effect from October 1, require all gaming companies based outside India to register themselves and deduct tax at source.

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Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF

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No. of IPOs hits multi-year high on good valuations, pricing

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