https://www.youtube.com/watch?v=PenROORvLyw Want a free trip to . . . Morocco? Cyprus? Laos? Heineken is paying. But there’s a catch. To find out where you’re going, you’ll have to play Departure Roulette. Last week, travelers went to JFK thinking that they were leaving New York for work, bachelor parties, and the like. But at the airport, they were given the chance to press a big red button and have their new destination decided on the spot by the departure roulette machine. If they chose to play, they had to change their plans immediately. Wieden+Kennedy New York, creator of the campaign has now released a video chronicling what happened when people were put on the (very tempting) spot. The stunt is part of Heineken’s global “Voyage” campaign from W+K, a major component of which has been Dropped, the brand’s reality Web series, in which travelers are deposited from a helicopter into random locations around the globe and asked to fend for … [Read more...] about Heineken is Offering Exciting Free Vacations . . . But Only To The Truly Spontaneous
You may soon see some company perks dwindle away as the goods and services tax (GST) comes closer to being implemented.A report in the Times of India says the government will impose GST on any free goods and services provided to an employee exceeding a pre-defined amount.This means that various amenities provided to employees, such as free food, car pick-up and drops -- essentially anything which is not part of their CTC and thus not subject to income tax -- can attract the new levy.Close As per GST Bill, which is slated to be discussed in the Lok Sabha today for passage, even gifts given by the employer that exceed Rs 50,000 in value in one financial year will be treated as a supply of goods and can be taxed. related news IEA says world needs 'laser-like focus' to bring down emissions SpiceJet posts Rs 463 crore quarterly loss Expect FTC nod for $900 million Sandoz deal before December: Aurobindo Pharma The employer may not even be able to avail an input tax credit on … [Read more...] about Free office food; home drops may attract GST
UK Foreign Secretary Boris Johnson resigned on Monday night, sending alarm bells ringing across the government. Johnson was the public face during the 2016 Brexit campaign, urging citizens to quit European Union.Johnson was the third high-level resignation in 24 hours.Here’s an explainer on Johnson’s resignation and what it means for the UK government and Brexit:Close Why did Johnson resign? related news Disqualified Karnataka MLAs welcome Supreme Court nod for contesting bypolls Supreme Court to deliver verdict on pleas seeking Rafale judgment review tomorrow Maharashtra government formation: Ahmed Patel, Uddhav Thackeray discuss common minimum programme The immediate reason that Johnson cited for his resignation was UK Prime Minister Theresa May and her Brexit strategy. In a letter, Johnson wrote that May was leading the UK into a “semi-Brexit” and that the Brexit dream was “dying, suffocated by needless self-doubt".Johnson’s reaction … [Read more...] about UK foreign secretary Boris Johnson’s resignation: What has happened so far and what happens next?
The Indian stock market is currently in a consolidation phase after hitting record highs on the Sensex. Some correction was seen after Moody's India outlook downgrade, but buying at lower levels on the hopes of recovery provided support.The 12 percent rally since September 20 after the corporate tax rate cut was largely broadbased as nearly 70 percent on the Nifty50 stocks rallied 6-38 percent. The broader market also followed suit, with the BSE Midcap index adding over 11 percent in the same period.As a result, many of these aforementioned stocks are now trading at premium valuations.Close Hence, experts expect some correction in the near to short-term, adding that sharp correction is unlikely unless global headwinds spoil the party. They further added that the long-term perspective of the market still remains positive. related news Brokerages bullish on Hindalco, expect 22-30% return after Q2 Chart of the Day | Survey shows global fund managers are … [Read more...] about Time to buy mid & smallcaps? Brokerages initiate buy calls on 10 stocks in November
Arvind Ltd will be demerging its branded apparel business and engineering business into separate companies from the parent company to focus on its core textiles business, a press release from the company said.The branded apparel business will be demerged into Arvind Fashions. Post the demerger, shareholders of Arvind will get one equity share of Arvind Fashions for every 5 shares held by them.The engineering business will be demerged into an entity which will be named Anup Engineering. Post the demerger, shareholders of Arvind will be entitled for one equity share of Anup Engineering for 27 shares held by them.Close The branded apparel business clocked in a revenue of Rs 2,898 crore last financial year ending March 2017, while the engineering business posted a revenue of about Rs 179 crore.Himadri BuchAssistant Editor|Moneycontrol.com SEBI disciplines valuation treatment of unrated securitiesIndiabulls MF's Raghav Iyengar tipped to join Axis MF as Chief Business … [Read more...] about Arvind to demerge branded apparel and engineering businesses