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Budget 2018: This is what the automobile sector wants from FM Arun Jaitley

The automotive industry wishes for fewer GST slabs for vehicles and streamlining of compliance processes. Automotive component GST rates may be standardised to 18%.

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Contrite Facebook executives seek to ward off more European rules

MUNICH (Reuters) – Facebook executives are fanning out across Europe this week to address the social media giant’s slow response to abuses on its platform, seeking to avoid further legislation along the lines of a new hate speech law in Germany it says goes too far.

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Amazon’s automated grocery store of the future opens Monday

SEATTLE (Reuters) – Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail.

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Audi ordered to recall 127,000 vehicles over emissions: paper

FRANKFURT (Reuters) – Germany’s KBA automotive watchdog has detected illicit emission-control software in Audi’s latest Euro-6 diesel models and has ordered a recall of 127,000 vehicles, Bild am Sonntag reported.

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Oil producers will cooperate beyond 2018, says Saudi Arabia

MUSCAT (Reuters) – Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia’s energy minister Khalid al-Falih said on Sunday.

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2018 welcomes branded hotels with double-digit tariff growth after 9-yr gap

The year 2017 was a story of occupancy growth and 2018 is going to be about rates

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Scooters are set to take over rural India and it’s because of working women

Data reveal that in traditional agrarian states, the growth of scooters has come at the cost of motorcycle sales

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Office of profit case: Prez Kovind approves disqualification of 20 AAP MLAs

EC said by being parliamentary secretaries, they held office of profit and were liable to be disqualified as MLAs of Delhi Assembly

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ONGC says ‘all options’ open for funding Rs 369-bn HPCL stake acquisition

ONGC announced the acquisition of the central government’s entire 51% stake in HPCL for over Rs 369 bn

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BigBasket eyes 20 mn customers; to spend Rs 5 bn in farmer sourcing, tech

This will enable the company to then allocate its resources towards media spending and other activities to achieve its growth targets

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