Business Corner

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Samsung introduces line-up for hospitality TV segment

New Delhi: Consumer electronics maker Samsung India on Friday extended its product range in the hospitality TV segment by introducing a new UHD (Ultra-high-definition) line-up with personalised interface and other features. The company is eyeing the growing hospitality business and new hotels coming up in the luxury and budget segment across the country to boost its business in the segment. “We do see a good potential in the segment when it comes to hospitality,” said Samsung India VP Consumer Electronics Enterprise Business Puneet Sethi. The company, however, declined to share its market share in the segment, in which it competes with other TV manufacturers.” “We are leading the market and would take the position forward,” he said. All eight models of hospitality TV introduced, run through Samsung Tizen operating system and would have facilities as interface, soft access point, LAN Out etc. Besides, there is an option to play content via Bluetooth connectivity from any handset - Android, Tizen, Windows, Ubuntu and iOS, the statement added. Hospitality TV, which are sold through B2B channel are identical in looks with the normal TV, but are loaded with several features and are customised as per the customer’s requirement.

Govt extends deadline for filing TDS returns for Oct-Dec to Jan 2019

New Delhi: The government has extended the due date of filing tax deducted at source (TDS) returns under GST laws for the October-December period till January 31, 2019. The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018. According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 per cent TDS under state laws. The Finance Ministry, through a notification, extended the due date for filing TDS returns under GST for the October-December 2018 period, till January 31, 2019.

JLR to lay off staff temporarily at UK plant to adjust vehicle production

New Delhi, Nov 30 (PTI) Tata Motors-owned Jaguar Land Rover (JLR) Friday said it is undertaking adjustment of vehicle production at its plant at Wolverhampton, central England, as a result of which 250 temporary jobs will be affected. The company further said it will undertake a two-week production pause at the plant in December and has asked 500 workers to stay at home although they would continue to draw salaries during the period.  Terming the external environment as challenging, the company said it is taking decisive actions to achieve the necessary operational efficiencies to safeguard long-term success. “To deliver a growing range of electrified cars for our customers we are making tough decisions, but the transformation of the business relies on this,” JLR said in a statement.

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