Finance

Bruhat Bengaluru Mahanagara Palike (BBMP), Likely To Seek Permission From State Government To Collect Entertainment Tax

by

A discussion was held on Monday, 12 March 2018 regarding the 2018-19 budget. During the session, the Bruhat Bengaluru Mahanagara Palike (BBMP) commissioner N. Manjunath Prasad, said that according to the norms of the new GST regime, the state government cannot collect entertainment tax, but other urban local bodies can. “There are provisions for urban local bodies …

Read more

Caterpillar Inc. Closes Chicago Plant and a Layoff of 800 Is Eminent Amid Company Crisis

by

The heavy machinery manufacturer, Caterpillar Inc. said on 31st March 2017 that they are shutting down their Aurora, Illinois plant. This move will be costing jobs for about eight hundred employees. The world’s largest equipment maker for construction and mining is going to shift their production to the other facilities in the US. Caterpillar Inc. …

Read more

The Displeased Shareholders of Toshiba Have Agreed to Sell the Company’s Chip-Division

by

  The shareholders of Toshiba Corp. have agreed to sell their memory chips division in order to make up for the Westinghouse bankruptcy. The shareholders blamed the management for the downfall of the Japanese icon. A meeting was conducted on Thursday to vote over the issue of disposal of its prized semiconductor business. The investors seemed enraged …

Read more