Despite a cut in the price of diesel by Rs.1.30 per litre on April 16, 2016, trucks rentals continued to rise. Truck rentals rose between one and 1.5 per cent on key trunk routes across the country according to S.P. Singh, Senior fellow and coordinator, IFTRT. The reason for firmness in truck rentals in the period between April 2, 2016[Read More…]
Mahindra and Mahindra Ltd (M&M) has joined EP100, a campaign led by a non-profit organisation, The Climate Group. First Indian company to do so, EP100 aims to encourage the world’s most influential businesses to commit at doubling their energy productivity by 2030, and maximise the economic output from each unit of energy used. By signing up, M&M has committed to[Read More…]
JK Tyre & Industries Ltd. (JK Tyre) and JK Asia Pacific (S) Pte Limited, a wholly owned subsidiary of JK Tyre, have completed the acquisition of Cavendish Industries Ltd. (CIL), which houses three tyre business undertakings of Birla Tyres. The plants are located at Laksar (Haridwar) and are capable of manufacturing tyres, tubes and flaps. JK Tyre would now have[Read More…]
A report from the global financial services firm HSBC has attempted to put an end to uncertainty surrounding the implementation of Goods and Services Tax (GST). A long awaited tax reform, which is expected to bring about transparency in taxation and simplify the taxation procedure that currently prevail, including some that lead to double taxation, GST, the HSBC report said,[Read More…]
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