ArcelorMittal to sell Piombino steel mill to Arvedi to help clear Ilva deal
ArcelorMittal has reached a preliminary agreement to sell its steel mill in Piombino, Italy to Italian steelmaker Arvedi to help get clearance from Eu
Read MoreNumber of deep tube wells rose by 1.1 million in 7 years in India
The number of deep tube wells in the country saw surge from 1.46 million to 2.6 million between 2006-07 and 2013-14, according to the fifth minor irri
Read MoreForeign funding in NGOs down to 36.5% in 2016-17
The foreign funding of non-government organisations has come down from Rs 17,773 crore in 2015-16 to Rs 6,499 crore in 2016-17, according to minister
Read MoreUK economy accelerates to defy gloomy forecasts
Britain?s economy grew by 0.4pc in the third quarter and by 1.7pc on the year, an unexpectedly strong result which indicates the UK is proving more re
Read MoreNigeria?s economy still vulnerable despite exiting recession ? IMF
The International Monetary Fund, IMF on Friday said that in spite of Nigeria?s exit from recession, the economy of the country is still vulnerable. Th
Read MoreInflation, Brexit hold back UK economy
Apicture of inflationsqueezed consumers and Brexit-wary companies emerged in the UK?s latest overview of its economy. Annual growth in the third quart
Read MoreApple hit with $25K per day fine in Qualcomm antitrust case
Apple is being fined $25,000 per day for missing a court-imposed deadline to produce evidence in a government lawsuit that alleges mobile chip supplie
Read MoreDemonetisation, GST will bring long-term benefits for Indian economy: IMF on Narendra Modi's one-off policy moves
The disruptive impact of demonetisation announced last year is a temporary phenomenon and the scrapping of the high-value currency would bring "perman
Read MoreBetter rated firms moving to bond mkt, says RBI report
Better rated companies are moving to the bond market, even as bank loans continue to remain an efficient financing tool for lower rated firms, the Res
Read MoreAfter 2G verdict, Videocon Telecommunications slaps Rs 10,000-crore bill
Videocon Telecommunications, which lost its nationwide telecom licence in February 2012 following a Supreme Court (SC) order, will claim Rs 10,000 cro
Read MoreMMRDA envisages Rs 62,943cr investment for metro network
The Mumbai Metropolitan Region Development Authority (MMRDA) has envisaged an investment of Rs 62,943 crore for developing 157 km of metro corridor. T
Read MoreParliamentary panel favours BSNL, MTNL merger to give them fighting chance
A Parliamentary Panel on Friday favoured the merger of loss-making state-owned telecom firms BSNL and MTNL, saying it would give them a fighting chanc
Read MoreAt 21.6%, retail lending by NBFCs climbed at its fastest pace in 2016-17
Retail lending by non-banking finance companies (NBFCs) increased at its fastest pace during 2016-17 on account of consumer durables and credit card r
Read MoreUrban co-op banks? performance improves
The net profit of urban cooperative banks (UCBs) increased to Rs.3,900 crore in 2016-17, compared with Rs.3,700 crore in 2015-16. According to the RBI
Read MoreDigital transactions surge in FY17
Demonetisation may not have gone down too well with a majority of the population, but digital payment companies are cheering it. There has been a surg
Read MoreStrong U.S. consumer, business spending bolster growth picture
U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday,
Read MoreRoche to buy U.S. cancer drugmaker Ignyta for $1.7 billion
Swiss drugmaker Roche (ROG.S) will buy U.S. cancer drug specialist Ignyta Inc (RXDX.O) for $1.7 billion in an agreed deal to broaden its oncology port
Read MoreUnitedHealth to buy Chile's Banmedica for $2.8 billion
UnitedHealth Group Inc (UNH.N) said on Friday it signed a definitive agreement to buy Chilean healthcare company Banmedica SA BAN.SN for $2.8 billion,
Read MoreOil inches higher ahead of Christmas holiday weekend
Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russi
Read MoreGold prices weaken marginally on tepid demand
Gold prices softened by Rs15 to Rs29,685 per 10 gram at the bullion market on Friday as demand from local jewellers eased even as the metal strengthen
Read More117 companies raise Rs 62k cr via IPOs in Apr-Nov FY18, highest in 5 years
As many as 117 companies have garnered a staggering Rs 62,736 crore through IPOs in the first eight months of Financial Year 2017-18, much higher than
Read MoreBank of Baroda to raise Rs 4,000 cr from bonds
State-owned Bank of Baroda (BoB) today said its board has approved proposal to raise up to Rs 4,000 crore from bonds to fund business expansion.The bo
Read MoreForex reserves rise to $401.4 billion
India?s foreign exchange reserves rose by $488.20 million on December 15 to $401.385 billion, data from the RBI shows. Foreign currency assets (FCAs),
Read MoreBenchmark bond yield ends at 17-month high
The 10-year benchmark yield rose to end at a 17-month high of 7.27 per cent on Friday, as bond prices pared gains made on Thursday evening following a
Read MoreSubsequent to restructuring of Hindustan Steel Works Construction Ltd, share holders agreement signed with NBCC
A Share Holding Agreement (SHA) was signed in the presence of Shri Chaudhary Birender Singh, Minister of Steel and Sh Hardeep S Puri, Hon'ble MoS(I/C)
Read MoreOnline home interiors brand HomeLane shuts down Capricoast after acquisition
HomeLane, an online home interiors brand, has shut down the marketplace of Capricoast.com which it had acquired for Rs 90 crore in November this year.
Read MoreAdani Is Said to Seek A$3 Billion Debt for Aussie Coal Plans
Indian conglomerate Adani Enterprises Ltd. needs as much as A$3 billion ($2.3 billion) in debt financing to help start producing Australian coal from
Read MoreIncome Tax department can now send communication to more addresses
The central board of Direct Taxes has amended the rules relating to service of notice, summons, requisition or order. The step widens the scope of add
Read MoreWind power tariff drops to Rs2.43 per unit in SECI's 500MW tender
Wind power tariff dropped to an all time low of Rs2.43 per unit kilowatt hour in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL) on Thurs
Read MoreWhat Centre is doing to remove a massive infrastructure roadblock
Infrastructure developers have got some cheer by way of the government?s move to remove impediments to project execution. They believe the proposed am
Read MoreBitcoin plunges below $13,000, heads for worst week since 2013
Bitcoin plunged below $13,000 on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst w
Read MoreHDFC Capital raises $550 m for 2nd housing fund
In the largestever fund raising for housing in India, HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd, has raised $550 million under the
Read MoreTCS wins record $2.25 billion Nielsen outsourcing contract
India's leading IT exporter Tata Consultancy Services (TCSBSE 1.76 %) has bagged a USD 2.25-billion outsourcing contract from Nielsen, a television ra
Read MoreYou can shift residence, fudge address but you can't avoid income tax notice anymore
Avoiding income tax notices by fudging addresses or shifting residence will now become difficult. Income tax rules have been amended that will allow t
Read MoreJapan's record FY2018 budget puts fiscal discipline in doubt
Japanese Prime Minister Shinzo Abe?s cabinet endorsed a record $860 billion budget for fiscal 2018 on Friday, opting to keep the economy on a sustaine
Read MoreIndian economy seen at $10 tn by 2030 at SKOCH summit by economists
India could be a $10-trillion economy by 2030 if the average annual real GDP growth reaches 7.6% during this period, economists and policymakers opine
Read MoreUK incomes see sluggish growth
Consumer spending went up 1% in the July-to-September period, the lowest rise for more than five years, the Office for National Statistics said.The po
Read MoreFrom China to Singapore, Asian countries are increasingly uneasy with the rise of bitcoin
Regulators in Asia Pacific have become increasingly uneasy with the rise of cryptocurrencies such as bitcoin.The latest to sound a warning was the Ban
Read MoreGovernment fixes projected investment in infrastructure at Rs 38.22 lakh crore
The government has fixed at Rs 38,22,822 crore the revised projections for investment in infrastructure in the past five years. Finance Minister Arun
Read MoreChinese ride-hailing giant Didi Chuxing raises over $4 billion as battle with Uber intensifies
China's ride-hailing giant Didi Chuxing has raised over $4 billion in its latest round of funding, the company said on Thursday, posing a challenge to
Read MoreBonds ends mixed, call rates end higher
Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling from banks and corporates, while the overnight call money rates ended h
Read MoreAir India?s operational profit rises to Rs 215 crore in 2016-17
Air India?s operational profit rose to Rs 215 crore and net losses narrowed to Rs 3,643 crore in 2016-17, according to the government. To revive the l
Read MoreCarlyle Group picks stake in Chennai?s Visionary RCM
US-based private equity giant Carlyle Group has acquired a significant majority stake in Chennai-headquartered healthcare solutions provider Visionary
Read MoreBOJ keeps policy steady, Kuroda dismisses talk of early exit
The Bank of Japan kept monetary policy steady on Thursday and its governor said economic improvements alone would not trigger a withdrawal of stimulus
Read MoreU.S. economy grows at fastest pace in more than two years
The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what cou
Read MoreNestle expects to sell U.S. confectionery business in first quarter
Nestle expects to sell its U.S. confectionery business in the first quarter of 2018, following a review launched earlier this year as part of efforts
Read MoreOil little changed despite planned restart of UK North Sea pipe
Oil prices were little changed on Thursday, erasing earlier losses after the operator of Britain?s Forties pipeline in the North Sea said it was expec
Read MoreGold prices edge up on global cues, jewellers? buying
Gold prices inched up by Rs10 to Rs29,700 per 10 gram at the bullion market on Thursday on firm trend overseas amid scattered buying by local jeweller
Read MoreNon-food bank credit up 10.3% as low base persists
Growth in non-food bank credit rose to 10.3% year-on-year (y-o-y) during the fortnight ended December 8 on the continuing effect of a low base. Non-fo
Read MoreRBI: Loans to SMA-2 borrowers up 56.5% in March-September
The Reserve Bank of India (RBI) on Thursday said that total stressed advances of large borrowers increased by 2.4% between March and September 2017 an
Read MoreBond yield hits 17-month intraday high, moves 9 bps
The 10-year benchmark bond remained highly volatile during Thursday?s trading session with the yield hitting a 17-month intraday high of 7.294% before
Read MorePublic sector banks vs private lenders: PSBs share in loan assets falls
State-owned banks? share of loans disbursed by the banking system slipped to 69% from 71% between March 2016 and March 2017, data released by the Rese
Read MoreBenetton shuts down 119 stores in India, posts Rs 49 cr loss in FY17
Italian fashion brand Benetton, which entered the Indian market 26 years ago, has not been able to steal a march over its competitors despite the head
Read MoreFirst Maruti Suzuki electric vehicle to be delivered by 2020, says RC Bhargava
Maruti Suzuki India chairman and chief executive RC Bhargava said on Thursday that the company is committed to meeting its target of delivering its fi
Read MoreIndian economy to gain $957 billion with the help of Artificial Intelligence, says Accenture
American tech major Accenture has said artificial intelligence (AI) alone will contribute a whopping USD 957 billion to the gross domestic product by
Read MoreBy 2030, Indian Economy To Be Worth $6.5-7 Trillion: Bibek Debroy
Indian economy is expected to be a $ 6.5-7 trillion economy by 2030, and at the current exchange rate it would touch $10 trillion by 2035-40, Chairma
Read MoreUIDAI's conditional nod to Airtel for telecom eKYC till Jan 10
In a breather, Bharti Airtel was today allowed to use Aadhaar for re-verification of its mobile customers till January 10 with stiff riders after it r
Read MoreHDFC to sell HDFC Developers, HDFC Realty to Quikr India for Rs350 crore
Mortgage lender Housing Development Finance Corp. Ltd (HDFC) on Thursday announced the sale of two subsidiaries focusing on real estate brokerage and
Read MoreReliance Infrastructure sells Mumbai power business to Adani Transmission for Rs18,800 crore
Reliance Infrastructure Ltd (RInfra) on Thursday said it has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmis
Read MoreIndia Inc overseas borrowing jump 6-fold to $3 billion in November
India Inc's foreign borrowings saw an over six-fold rise at $3.04 billion in November, according to RBI data. Domestic firms had raised $488.49 millio
Read MoreBanks' GNPA may touch 11%
With the stress in the economy expected to remain elevated, the gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) could hi
Read MoreIncometax (25th Amendment) Rules, 2017
Publish Date : Wednesday, December 20, 2017
With Rs 34,300 crore revenue, Samsung undisputed market leader in India
After registering 27 per cent growth in mobile business revenue for the financial year 2016-17 ? touching a mammoth 34,300 crore ? Samsung has once ag
Read MoreBattle heats up for $26 bn insolvent steel companies in India; Lakshmi Mittal, Anil Agarwal in race
urging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers for more than $26
Read MoreWorld Inequality Report 2018: India?s top 1% earners received 22% of national income in 2014
Income inequality in India has reached historically high levels with the share of national income accruing to India?s top 1 per cent earners touching
Read MoreIndian bonds hit near 1-1/2-year low on RBI officials' inflation warning
Indian bond prices fell to their lowest in nearly 1-1/2 years after minutes from the last Reserve Bank of India meeting showed some members issuing sh
Read MoreBrazil government frees up $1.5 billion in public spending this year
The Brazilian government on Wednesday freed up an additional 5.003 billion reais? ($1.5 billion) worth of federal spending this year as Latin America?
Read MoreSingapore's November headline CPI seen rising 0.5 percent
Singapore?s headline consumer price index is expected to have risen in November from a year earlier, a Reuters poll showed, with the pace seen edging
Read MoreBOJ keeps policy steady, takes upbeat tone on consumption, capex
The Bank of Japan kept monetary policy steady on Thursday despite growing signs of strength in the economy, signaling that it was in no rush to edge a
Read MoreFrom Russia with love: India guzzles oil after $13 billion deal
It isn?t hard to understand why Russia took part in the $13 billion acquisition of an Indian refinery last year. In just seven months, Indian refiners
Read MoreFood processing sector to attract USD 18 billion in 4 years: Government
India's food processing industry could attract an investment of USD 18 billion in the next four years as this sector provides great business opportuni
Read MoreAlternative assets industry in India worth $43 billion
The alternative assets industry in India is worth USD 43 billion across private equity, venture capital, real estate, infrastructure, private debt and
Read MoreGovernment may allow 100 per cent FDI in telecom via automatic route
The government is finalising a plan to allow 100 per cent FDI for telecom services through the automatic route which allows firms to attract foreign f
Read MoreCompanies Amendment Bill passed: Creditors of insolvent cos can get shares at discount
The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares
Read MoreCabinet approves Consumer Protection Bill
Focused on faster redressal of consumer grievances and to ensure stringent action against unfair trade practices, the Cabinet approved the introductio
Read MoreElectric-vehicle push sparks strategic review by Essar Oil UK
Essar Oil UK, which owns British refinery Stanlow, is currently in the early stages of a major strategic review which will prepare its business for th
Read MoreForeign inflows up 20 per cent in April-October
Foreign investment inflows to India rose nearly $45 billion between April and October, 20 per cent more than what it was in the same period last year
Read MoreChina to deepen reform, keep growth steady in 2018
China will deepen structural reforms and curb risks to the country?s financial system while maintaining steady economic growth in 2018, the official X
Read MoreHouse gives final nod to tax overhaul
The House, forced to vote a second time on the $1.5-trillion tax Bill, moved swiftly to pass the final version on Wednesday, clearing the way for Pres
Read MorePE funds stare at capital loss on stressed investee firms
Even as vulture funds eye bargain buys from stressed assets on sale, a set of private equity (PE) funds are staring at capital losses and looking at w
Read MoreMorgan Stanley, Allianz to enter Indian logistics
Buoyed by changes such as the goods and services tax (GST) and the growing e-commerce space, global investors such as Morgan Stanley and German invest
Read MoreL&T Shipbuilding hopes to double exports by 2022
With domestic defence and shipbuilding order flow drying, L&T Shipbuilding will be focusing on doubling its export revenue share by 2021-22. ?We will
Read MoreGovt clears Rs 1,300-cr skill dev scheme for textile sector
The Union Cabinet today approved a new skill development scheme having an outlay of Rs 1,300 crore with an aim to create jobs in the organised textile
Read MoreExcise, VAT may co-exist with GST on fuel
The goods and services tax (GST) Council is trying to build consensus among states over imposing the GST on petroleum products by allowing the Centre
Read MoreGold weakens on lacklustre demand
Gold prices softened by Rs 10 to Rs 29,690 per 10 gram at the bullion market today owing to slackened demand from local jewellers, ignoring a firm tr
Read MoreSyndicate Bank to raise Rs 1,151 cr via QIP
Syndicate Bank will raise up to Rs 1,150.80 crore through qualified institutional placement (QIP), and has set the issue price at Rs 84.15 per share.
Read MoreRBI cites fiscal and external risks for holding policy rates
Since several uncertainties, especially on the fiscal and external fronts, persist it is important to be vigilant, RBI governor Urjit Patel said at th
Read MoreICICI Bank and Axis Bank have revised rates on bulk deposits
ICICI Bank and Axis Bank, two of the country?s largest private sector lenders, on Wednesday revised interest rates on their bulk deposits. ICICI Bank
Read MoreHDFC Bank gets board approval to raise Rs 24k cr
The country's largest private lender HDFC Bank will raise Rs 24,000 crore to fund growth. Of this amount, Rs 8,500 crore will be from its parent HDFC.
Read MoreStrides Shasun acquires controlling stake in South Africa-based Trinity Pharma
Strides Shasun Ltd on Friday said its subsidiary Strides Pharma Asia Pte Ltd has entered into an agreement to acquire controlling stake in South Afric
Read MoreUber Is a Taxi Service, Not an App: Top EU Court
The EU's top court ruled on Wednesday that Uber is an ordinary transportation company instead of an app and should be regulated as such, in a decision
Read MoreRBI puts Bank of India under prompt corrective action
Bank of India (BoI) on Wednesday became the eighth lender to come under the Reserve Bank of India?s (RBI) prompt corrective action (PCA), as bad loans
Read MoreWhopping! 5 individuals in India have annual salary income above Rs 100 crore
Five individuals in the country reported an annual salary income above Rs 100 crore, 11 others had such income in the Rs 50-100 crore range and 58 per
Read MoreProportion of direct taxes fall below 50% first time since 2006-07
The contribution of direct taxes in the total tax collection in 2016-17 has fallen below 50 per cent to 49.66 per cent for the first time since 2006-0
Read MoreYES Bank, European Investment Bank to invest $400 mn in power projects
YES Bank joined hands with leading institutional lender of the European Union (EU), the European Investment Bank (EIB), to invest $400 million in rene
Read MoreReal estate sector one of the most pivotal sector of Indian economy.
The Real estate sector is one of the most pivotal sectors of Indian economy as it plays a vital role in employment generation in India. It ranks seco
Read MoreWhy 2018 will see sustained growth for Indian economy
The year 2018 promises to be a year of sustained recovery for the Indian economy. While many analysts are not fully convinced about India's growth tra
Read MoreFarm loan waivers to raise state deficits by Rs 1.08 trillion
The farm debt waivers announced by the five large states together will widen the combined fiscal deficit of the states by Rs 1,07,700 crore or 0.65 pe
Read More350 infrastructure projects show cost overrun of Rs 2.65 lakh cr: Govt
As many as 350 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.65 lakh crore due to various reasons includi
Read MoreMBL infrastructure promoter eligible to bid for company, says NCLT
The promoter of cash-strapped MBL Infrastructure is eligible to bid for its assets, the Kolkata bench of the National Company Law Board has ruled, cle
Read MoreNiti Aayog seeks Rs 5,000-crore methanol economy fund
Niti Aayog, the government's policymaking body, will soon move a Cabinet note outlining the roadmap for a methanol mission for India through a Rs 5,00
Read MoreGovernment directs banks & NPCI to change process of mapping Aadhaar-linked accounts for subsidies
The government has issued a notification directing banks and the national payment corporation of India (NPCI) to change the process of mapping Aadhaar
Read MoreSaudi Arabia's announced its largest budget ever in a major effort to reshape its economy
Saudi Arabia's 2018 budget may be its largest ever but the government must focus on the quality of spending, not just the quantity, according to exper
Read MoreGold prices little changed as dollar holds steady on tax bill hopes
Gold prices were nearly unchanged early on Wednesday as the dollar held steady on expectations of a US tax overhaul. Spot gold was steady at $1,261.79
Read MoreABB revamps engineering business, to take Q4 charge
Swiss technology group ABBBSE 0.35 % will revamp its engineering, procurement and construction (EPC) business by spinning off and winding down some op
Read MoreGlobal growth next year will be fastest since 2011
According to PwC, the world economy will expand by almost 4% on a purchasing power parity basis, even as the pace of expansion in Britain slumps to it
Read MoreChina is reportedly having second thoughts about cracking down on country's ballooning debt
China is planning to relax its goal of cutting debt in its economic outline that's set for release Wednesday, The Wall Street Journal reported Tuesday
Read MoreFull I-T e-assessment from next year; CBDT forms committee
The government is set to roll out a pan-India "faceless and nameless" e-assessment procedure for income tax payers from 2018 with the CBDT today const
Read MoreCSR spend in Northeast stood at Rs 176-cr in FY'16
Companies spent a little over Rs 176 crore in the Northeast states towards corporate social responsibility (CSR) works in 2015-16, a surge of 15 per c
Read MorePackaging company Crown Holdings to buy Signode in $3.91 bln deal
Consumer packaging company Crown Holdings Inc said on Tuesday it would buy Signode Industrial Group Holdings (Bermuda) Ltd, which specializes in trans
Read MoreOil rises on UK pipeline outage but US supply caps gains
Oil edged up towards $64 a barrel today, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies
Read MoreSebi to bourses: Disclose consolidated stake of shareholders
To avoid multiple disclosures, markets regulator Sebi today asked exchanges and depositories to disclose consolidated holding of each shareholder incl
Read MoreBanks eye fresh loans to these buyers; find out
Lenders are in talks with corporates keen on acquiring the stressed accounts, for providing working capital loans, and even term loans for expansion p
Read MoreIndia's domestic air passenger traffic up 17% in November
Domestic air passenger traffic rose to 1.04 crore in November -- up 16.99 per cent -- from 89.66 lakh reported for the corresponding month of 2016, of
Read MoreBharti Airtel to acquire Millicom?s operations in Rwanda
Telecom operator Bharti Airtel on Tuesday said that it has signed an agreement with Millicom International Cellular S.A. to acquire 100 per cent stake
Read MoreEssar Shipping is planning to achieve this big capacity by 2020
Essar Shipping, the only listed company of the Ruias-held Essar Group, is in expansion mode. It has recently increased its cargo carrying capacity to
Read MoreCAG: Five telcos understated revenue resulting in loss of over Rs 2,500 crore
The Comptroller and Auditor General of India (CAG) in its latest report has said five telecom operators, including Tata Teleservices, Telenor and Reli
Read MoreCompanies Amendment Bill passed by Parliament
The Companies (Amendment) Bill, 2017 which seeks to bring about major changes in the Companies Act, 2013, was passed by the Rajya Sabha on Tuesday by
Read MoreExtend pre-GST duty drawback rates till June, suggests Parliamentary panel
A parliamentary panel has suggested that the government extend the duty drawback rates for exporters prevailing prior to the roll out of the Goods and
Read MoreUPI vs IMPS: Who pipped whom and how in terms of transaction numbers
From a tepid start in August 2016, the Unified Payments Interface (UPI) has raced on through 2017 to cross the 100-million transactions mark in Novemb
Read MoreAirtel pays Rs 2.5 cr fine for opening payments bank without user consent
Airtel has deposited an interim penalty of Rs 2.5 crore with the Aadhaar-issuing body UIDAI after an action against the telecom operator for allegedly
Read MoreHow Ola can take a bite of Uber?s share with its Foodpanda deal
Online cab aggregator Ola on Tuesday announced the acquisition of food delivery start-up Foodpanda India from its German parent, Delivery Hero, in an
Read MoreHDFC board okays raising Rs 13,000 crore via 5% stake sale
The board of Housing Development Finance Corporation has approved a proposal to raise Rs 3,000 crore by selling 5 per cent equity shares to institutio
Read MoreCement prices to increase by January as govt hikes import duty on petcoke
Despite Supreme Court relaxation on the use of petcoke by cement companies, the prices of cement are likely to go up by Rs 3-4 a bag by mid-January, a
Read MoreIndian Bank to raise Rs 7,000 cr via various means
State-owned Indian Bank will raise up to Rs 7,000 crore through various means, including a follow on public offer (FPO), in the current fiscal and the
Read MoreWorld Bank raises China?s 2017 growth forecast, maintains 2018 outlook
The World Bank on Tuesday raised its forecast for China?s economic growth in 2017 to 6.8 per cent from 6.7 per cent it projected in October, as person
Read MoreCircular No.50/2017-Customs
Sale of goods and display of prices at duty free shops in Indian currency ? amendment of circular 31/2016 - Customs dated 6th July 2016 ? Reg
Read MoreNotification No.117/2017 Customs (N.T.)
Exchange Rates Notification No.117/2017-Custom(NT) dated 07.12.2017
Read MoreNotification No.116/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreNotification No.RBI/2017-18/110
Submission of Financial Information to Information Utilities
Read MoreOutlook for manufacturing marginally low in Q3 of 2017-18
The statistics from FICCI's quarterly survey on manufacturing suggests slightly less optimistic outlook for the manufacturing sector in the Q3 (Octobe
Read MoreYes Bank, EIB to co-finance $400 mn for clean power projects
Yes Bank and the European Investment Bank will co-finance $400 million funding for renewable power generation in the country."The new financing progra
Read MoreEuro zone wage growth pulls back from two-year high
Euro zone wage growth slowed in the third quarter from a two-year high hit in the April-June period, data released on Tuesday showed, offering little
Read MoreIPPR proposes creation of ?shared market? for UK and EU
It would see the UK and EU continuing the regulatory alignment that exists today, and the formation of a new customs union similar to the existing one
Read MoreBharti Airtel to acquire Millicom's operations in Rwanda
Telecom operator Bharti Airtel on Monday said that it has signed an agreement with Millicom International Cellular S.A. to acquire 100 per cent stake
Read MoreKenya court exempts Airtel from $20m payment to regulator
The High Court in Nairobi, Kenya, exempted Bharti Airtel from paying about $20 million to the African country's communications regulator as a conditio
Read MoreOla acquires Foodpanda to enter food delivery business in India; to invest another $200 million
Ola's rivalry with Uber has just entered a whole new dimension. Seven months after Uber launched its on-demand food delivery app UberEATs in India, Ol
Read MoreFMCG,white goods makers pin hope on 2018 to erase woes of 2017
Recovering from the double impact of demonetisation and GST implementation, FMCG companies and consumer durable firms are pinning (rpt) pinning hopes
Read MoreRoad orders in slow lane as they fall to tenth of India's target
Prime Minister Narendra Modi's government has miles to go to achieve its annual road-building goal. The National Highway Authority of India aims to ag
Read MoreHere's why India has decided to crank up its crackdown against Bitcoins
The rising craze for bitcoin, a cryptocurrency that has rocketed to shocking highs, has come under the government's lens. Bitcoin can be an easy way t
Read MoreCentre plans additional spending of Rs 66,113 crore, move may hit fiscal deficit
The government has planned an additional expenditure of Rs 66,113 crore with a net cash outgo of `33,380 crore, which could have some adverse impact o
Read MoreChina issues code of conduct for firms investing abroad
China has released a code of conduct for private companies investing abroad as it seeks to head off risky acquisitions, with state media reporting on
Read MoreGerman chemical distribution firm Brenntag acquires 65% stake in Raj Petro
Brenntag AG, a German multinational chemical distribution company, has acquired a 65 per cent stake in Raj Petro Specialities, to expand and diversify
Read MoreFirms acquiring stressed assets under insolvency may get tax relief
The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carryi
Read MoreJSW Techno Projects buys 49% in pellets firm for Rs 1,000 crore
JSW Group, via promoter group company JSW Techno Projects Management, has acquired 49 per cent stake in Odisha-based Brahmani River Pellets (BRPL) in
Read MoreHershey, Campbell bet nearly $6 billion on healthy snacks makers
Campbell Soup Co and Hershey Co on Monday unveiled deals totaling nearly $6 billion to buy healthy packaged snacks makers, the latest example of big U
Read MoreOracle agrees to buy Australia?s Aconex for $1.19 billion
Oracle Corp. agreed to buy Aconex Ltd, an Australian company that makes cloud-based collaboration software for construction projects, for 1.56 billion
Read MorePenn National Gaming to buy Pinnacle Entertainment for US$2.8bn
The deal is expected to generate US$100mln in annual run-rate cost savings and add to Penn National?s free cash flow in the first year US casino opera
Read MoreCampbell Soup to buy snacks company Snyder's-Lance for $4.87 billion
Campbell Soup is acquiring snacks company Snyder's-Lance for $4.87 billion in cash, the largest ever deal in the soup company's 148-year history. CNBC
Read MoreJapan exports, imports surge on strong demand in China, US
Japan has reported its exports rose 16 percent in November from a year earlier while imports jumped 17 percent. Customs data released Monday showed th
Read MoreHuge potential for steel exports to grow in coming years
It is a good news that India?s current account deficit at $7.2 bn has come down to 1.2% of GDP by Q2 of the current fiscal compared to 2.4% in Q1. How
Read MoreGrowth in global coal demand subdued over next five years: IEA
Global coal demand will be subdued over the next five years, growing at just 0.5 percent a year, marginally higher than current levels, due to lower c
Read MoreAxis closes Rs 11,626-cr fund raising, its largest-ever
Private sector lender Axis Bank today completed largest fund infusion in the domestic banking sector through the private equity route, totalling Rs 11
Read MoreHDFC to raise Rs 2,000 cr on pvt placement basis via bonds
Mortgage lender HDFC will raise Rs. 2,000 crore by issuing debt securities on private placement basis. The ?7.55 per cent HDFC, 20 February 2019? secu
Read MoreGross NPAs of banks cross Rs 8.50 lakh crore in first half: MoS
Gross Non-performing Assets (NPAs) of banks crossed Rs 8.50 lakh crore at the end of September 2017, Minister of State for Finance Shiv Pratap Shukla
Read MoreThanks to affordable housing, on home loans disbursals, NBFCs catch up with banks
Thanks to a sharp focus on affordable housing, loans by housing finance companies (HFCs) today are matching the disbursals by banks. Disbursements by
Read MoreAdani cancels $2.6 bn contract with Australian mining giant
Adani on Monday said it has cancelled a 2.6 billion dollar contract with Australian mining services company Downer as part of a cost-cutting drive, a
Read MoreIndias software market to touch USD 5.1 bn by 2018: IDC
Indias software market is expected to grow at 11.9 per cent year-on-year to touch USD 5.1 billion by the end of 2018, research firm IDC said today. Th
Read MorePower sector to be stable over 1.5 yrs; shift to renewables
Rating agencies Moodys Investors Service and ICRA today said they have a stable outlook for the Indian power sector over the next 12-18 months and exp
Read MoreOver Rs 11,000 cr supplementary budget in UP
The Uttar Pradesh government presented a supplementary budget of Rs 11,388.17 crore for the financial year 2017-18 in the state assembly on Monday. Th
Read MoreI-T notices to 4-5 lakh individuals trading in bitcoins across the country
Widening its probe into bitcoin investments and trade, the Income Tax (I-T) department is set to issue notices to 4 to 5 lakh high networth individual
Read MoreNarendra Modi government gives big boost to affordable housing, to use PSU land to build homes
The government plans to tweak the land use policy to ensure affordable housing is accorded top priority. That will make available vast tracts of surpl
Read MoreAvaya looks at India to revive growth
After successfully completing its debt restructuring and emerging from Chapter 11 bankruptcy in the US, communications solutions provider Avaya says i
Read MoreCoal prices may rise
Companies including power generators that depend heavily on e-auction coal should brace for a further rise in costs as international prices are slated
Read MoreCPPIB, GIC eye Baring?s stake in RMZ; Warburg Pincus may buy into CAMS
Canada Pension Plan Investment Board (CPPIB) and Singapore sovereign wealth fund GIC Pte Ltd are separately in talks to acquire Baring Private Equity
Read MoreIndia can grow at 8 pc for next 20 years: UN expert
India can achieve an eight per cent growth rate for the next two decades by promoting investment and improving the living conditions of its people, a
Read MoreGST Council makes inter-state e-way bill compulsory from February 1, 2018
errying goods across states may get quicker as the GST Council today decided to make rollout of all India electronic-way bill compulsory from February
Read MoreGovt to reimburse MDR on transactions up to Rs 2,000
The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promo
Read MoreGSTN brings in option for monthly, quarterly filing of forms
Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, today said it has put a new function on its portal to allow taxpayers ch
Read MoreIndia steel demand will take longer to peak: Worldsteel
Global industry body Worldsteel has said India's steel demand will take longer to replicate China's performance in terms of demand, as the former's gr
Read MoreBitcoin-inspired illicit investment schemes to face regulatory axe
Market watchdog Sebi will come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins and
Read MoreLed by Rosneft, Essar Oil sees retail expansion, new oil supplies
After acquisition of Essar Oil in August, the Rosneft-led consortium has been taking quiet strides in expanding its retail network and utilising syner
Read MoreForeign funds flock to Indian markets with over $30 bn inflows in 2017
Foreign investors are flocking to the Indian capital markets in a big way with a net inflow of over USD 30 billion (more than Rs 2 lakh crore) of so-c
Read MoreSouth Korea eyes manufacturing boost via greater market access, R&D funding
South Korea?s trade ministry announced on Monday a plan to strengthen its manufacturing sector by expanding market entry into countries such as China
Read MoreChina raises 14-day reverse repo rate by 5 bps to 2.65 percent
China?s central bank raised interest rates on reverse repurchase agreements, or reverse repos, used for open market operations by 5 basis points for t
Read MoreJapan exports boom, but inflation not following script in blow to Bank of Japan exit plan
Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world?s third-biggest economy. There was just one catc
Read MoreStandalone health insurers see higher growth, interest from new players
The year 2017 saw a big jump in growth for the standalone health insurers. With an 43.38 percent growth in the April to November period, this segment
Read MoreDairy sector to grow at 15% CAGR till 2020 to Rs 9.4 trillion
India's dairy industry is expected to maintain 15 per cent compounded annual growth (CAGR) over 2016-20, and attain value of Rs 9.4 trillion on rising
Read MoreIndian exports to China goes up by over 53 per cent in October
India's exports to China registered a sharp increase of over 53 per cent year-on-year to reach USD 1.24 billion in October, but the trade deficit cont
Read MoreSEBI to crack down on illicit Bitcoin schemes, says can't allow gullible investors to be taken for ride
The spurt in value of Bitcoin has drawn regulators' attention, in India and abroad, towards the cryptocurrency and its risks. The latest in the list i
Read MoreModi government set to issue notices to GST defaulters
The government it seems is in no mood to lower its guard on the tax collection front as it looks to send notices to GST defaulters.According to a repo
Read MoreIndia?s silver imports may keep rising
Silver imports by India, one of the world?s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted
Read MoreAmazon to strengthen fintech space with stake in Capital Float
Online retail giant Amazon is looking to expand its footprint in the financial technology space and is in talks to invest in digital lending startup C
Read MoreGerman startup plans sub-Rs 10 lakh e-cars and trucks
India's electric vehicle push is attracting global players, too. While automobile majors including Toyota, Suzuki and Mahindra are eyeing the space, a
Read MoreBain Capital takes $450 million bridge loan to fund Axis deal
Bain Capital has taken a $450 million bridge loan from JPMorgan Chase to finance its multi-billion bet on third-largest lender, Axis Bank, as the Bost
Read MoreLenders propose new plan to fast-track Essar Steel resolution
Lenders to Essar SteelBSE 0.41 % are reducing the time taken to resolve the biggest default in the industry by mandating that whoever is the bidder mu
Read MoreProcess to link DBT accounts with Aadhaar to be overhauled
The government is overhauling the process followed by banks for mapping Aadhaar-linked bank accounts to subsidy payments. It has also temporarily halt
Read MoreThales agrees to buy Gemalto in digital security deal worth $5.43BN
Digital security solutions provider Gemalto has agreed to a ?51 per share acquisition offer from French aerospace and defense group Thales ? in a deal
Read MoreNot All Banks To Get Capital Support In First Tranche
Not all banks will be eligible for capital support of the government this fiscal, but those who have performed relatively better and need capital most
Read MorePrivate equity in 2017: Deals in India scale record highs
This year has been the biggest year for venture capital and private equity (PE/VC) investments in the past decade. Risk capital investors have infused
Read MoreStock markets in India soar, but FPIs prefer bonds, buy $40 bn in 2017
India?s stock market may have scaled new peaks in 2017 but it?s the bond markets that have really caught the fancy of foreign investors this year. Wit
Read MoreFMCGs veer towards online male grooming
Last week, Kolkata-based Emami announced it was acquiring a 30 per cent stake in Helios Lifestyle, which owns online male grooming brand The Man Compa
Read MoreGAIL to sign pacts with Tata Steel, JSPL, Vedanta for gas supplies
GAIL (India) Ltd will enter into pacts with aluminum and steel majors in Odisha for supply of natural gas from December 2019. The gas major will sign
Read MoreOYO catching up fast with MakeMyTrip
SoftBank-backed OYO, the country?s largest hotel network with an inventory of 70,000 rooms through 8,500 hotels, is being seen as an emerging competit
Read MoreRupee closes at 3-month high against US dollar as exit polls show BJP win in Gujarat
The Indian rupee on Friday closed at three-month high against the US dollar as local markets jumped over 200 points after exit polls projected a saffr
Read MoreGST Council approves early roll-out of e-Way Bill from February 1
The GST Council, which held an urgent meeting via video conferencing, on Saturday approved mandatory compliance of the e-Way Bill to ease traders conc
Read MoreA slow and bumpy ride ahead for China?s economy amid mounting debt and the end of cheap funds
When bank governors of 10 of China?s biggest banks gathered in a hotel in West Shanghai?s Hongkou district on November 30 to protest against draft rul
Read MoreModerate recovery for Latin America, Caribbean economy
The Economic projections for Latin America and the Caribbean show moderate recovery in 2018 and the following year ? with favoured expansions in consu
Read MoreEuro zone needs 19 healthy economies, not special budget - Dutch PM
The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutc
Read MoreMexico central bank hikes key rate, says ready to act again
Mexico?s central bank hiked borrowing costs by 25 basis points on Thursday and said it was willing to act again whenever needed due to intensifying ri
Read MoreCheque bounce cases: Cabinet clears amendment to law for payment of interim compensation
The Cabinet today approved an amendment to a current law to allow for payment of an interim compensation in cheque dishonour cases with a view not to
Read MoreCabinet clears bill to amend AERA Act
The Cabinet today approved amending the Airports Economic Regulatory Authority (AERA) Act which would change the definition of 'major airports' and he
Read MoreUN report projects Indian economy to grow by 7.2% in 2018
According to the World Economic Situation and Prospects 2018 report, the Indian economy will grow at 7.2% in 2018 and the growth rate will increase to
Read MoreCentre approves infra infrastructure development for North East with 100% funding
A new scheme for infrastructure development in the northeastern states with 100 per cent funding by the central government was today approved by the U
Read MoreCapital infusion for state-run banks likely to begin by February
The first round of capital infusion for state-run banks that was announced recently is likely to take place soon, a senior finance ministry official
Read MoreWipro arm invests in US-based app testing firm Headspin
Wipro has partnered with Headspin, a San Francisco-based app testing company that offers next-generation engineering and testing solutions on global m
Read MoreCustoms duty on colour TVs, phones, microwave ovens hiked
To curb surging imports of electronic items such as mobile phones and TV sets, the Finance Ministry on Friday increased the basic Customs duty on a ho
Read MoreForex reserves down by over $1 bn to $401 bn
The country?s foreign exchange reserves declined by $1.044 billion to $400.897 billion in the week to December 8 due to a steep fall in foreign curren
Read MoreGrowth slowdown bottoming out, says RBI governor Urjit Patel
While expectations on price rise remain stable for the moment, ?considerable caution and vigilance is warranted on the inflation front? but the slowin
Read MoreExports jump 30% in November, trade deficit high at $13.8 billion
The GST Council's efforts to resolve exporters' woes on refunds seem to have started yielding results. Exports grew 30.55 per cent in November, a mont
Read MoreChinese smartphone makers to take on Apple
China?s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technolo
Read MoreUS industrial production rose 0.2% in Nov, vs 0.3% increase expected
U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate. The
Read MoreTop oil buyers seek chemistry in love affair with US crude
The world?s biggest oil buyers are getting pickier about their American crude purchases. Asian refiners are discovering that the quality of cargoes va
Read MoreGold slumps on low demand, weak global cues
Gold tumbled by Rs 155 to Rs 29,510 per ten gram at the bullion market today on easing demand from local jewellers amid a weak trend overseas. Silver
Read MoreRs 2,600-cr package for leather and footwear industry to boost jobs: Govt
The government on Friday approved a Rs 2,600 crore special package for employment generation in the leather and footwear sector, which has the potenti
Read MoreBitcoin hits new record high as warnings grow louder
Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risk
Read MoreBenchmark bond yields may touch 7.55% by end of 2018
Yields on the two-year and the benchmark 10-year government securities may touch 6.6% and 7.55% respectively by end-2018 on concerns over inflation an
Read MoreHDFC may raise $2 mn to maintain stake in HDFC Bank
A senior Housing Development Finance Corporation (HDFC) executive confirmed on Friday that the mortgage company is looking to raise funds that would b
Read MoreArcelorMittal-SAIL set to make auto steel in India in 3 years
Steel Authority of India Ltd (SAIL) will start producing automotive steel in a $1 billion partnership with ArcelorMittal in three years, a top governm
Read MoreBharti Airtel vs Reliance Jio: Battle now enters cloud services business
Two of the country?s top telecom operators ? Bharti Airtel and Reliance Jio ? are venturing out of their core domain into the multi-billion-dollar clo
Read MoreMDR charges to be borne by Centre in bid to boost digital payments
To promote digital transactions, the Union Cabinet on Friday approved a proposal mandating that government will bear the merchant discount rate (MDR)
Read MoreServices exports rise 8% to $14 bn in Oct; imports up by 13%
India's services exports grew by 8 per cent to $14.15 billion in October, the Reserve Bank data showed today.They amounted to $13.11 billion in Octobe
Read MoreSC extends Aadhaar linking deadline to March 31, but spells no relief for Aadhaar holders opening new bank accounts
An existing Aadhaar holder will have to furnish his Aadhaar card to open a new bank account, a five-judge Constitution Bench of the Supreme Court, led
Read MoreValue-added segment to help copper smelters offset margin pressure
A sharp decline in income from the copper business due to lower treatment and refining charges (Tc/Rc) is a concern for India?s primary base metals pr
Read MoreBitcoin Points Way to ?Massive Change? for Commodity Businesses
Blockchain is upending the world?s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year fo
Read MoreFRDI contemplating increase in deposit insurance cover
Amid concerns being raised on bank deposits under the draft FRDI Bill, an SBI research report today said the proposed law is contemplating an increase
Read MoreTarget is buying Alabama-based, same-day delivery service Shipt for $550 million
Target, America?s other favorite old-line retailer (the one that?s not Walmart, with the arguably better commercials), is buying the Alabama-based del
Read MoreGood times gone: Slower business awaits Chinese steel mills in 2018
China's steel demand will slow in 2018 as the world's second-largest economy reins in stimulus and tightens credit, ending a two-year bonanza for the
Read MoreGreenshoots for economic recovery to start cropping up in 2018, says Credit Suisse
While the growth prospects for the economy are likely to remain weaker than currently expected, visibility on various macroeconomic parameters should
Read MoreMay bring electricity, petroleum, realty under GST, target is to reduce tax slabs: Sushil Modi
The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister S
Read MoreBP to return to solar market with 43 percent stake in Lightsource
BP (BP.L) will buy a 43 percent stake in solar energy company Lightsource for $200 million, the British oil producer said on Friday, marking its retur
Read MoreIPOs so high but fresh capital so low
We simply won?t stop gushing about how fantastic 2017 has been as far as initial public offerings (IPOs) are concerned. Take a look at the chart along
Read MoreGovernment raises basic customs duty on mobile phones to encourage Make In India
India has raised basic customs duty on mobile phones to 15 per cent from 10 per cent, imposed in July as it looks to encourage Make In India. Duty has
Read MoreCorporation Bank cuts overnight MCLR by 0.1 per cent
Public sector lender Corporation Banktoday said it has reduced its marginal cost of funds based lending rate (MCLR) by 0.1 percentage point for overni
Read MoreBank of England holds rates after first hike in decade
The Bank of England kept its main interest rate unchanged at 0.50 percent on Thursday, a month after increasing borrowing costs for the first time in
Read MoreSingapore to start futures trading in Indian stocks
In what could be a major blow to the domestic derivatives market, the Singapore Stock Exchange (SGX) will soon launch trading in Indian single-stock f
Read MoreUS Fed ups rates, eyes three hikes in 2018
Federal Reserve officials followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018, even as they s
Read MoreCairn rejigs leadership team to drive $1-bn investment plan
Cairn India on Thursday announced the strengthening of its leadership team to realise the company's vision to contribute 50% of country's crude oil an
Read MoreTata, GE join hands to manufacture jet engine components
Industrial conglomerates GE and the Tata Group have entered into a pact to manufacture "CFM International LEAP" engine components in India, for the gl
Read MoreEssar Shipping to scale up third-party cargo
The Ruia-owned Essar Shipping is planning to increase volumes via third-party cargo, even as it services debt in a not so friendly freight market. ?Cu
Read MoreHomeLane raises $10 m to fuel growth, tech innovation
Online home interiors brand HomeLane.com has raised $10 million from Accel Partners, Sequoia Capital and RB Investments in a Series D fund raise. The
Read MoreSaudi king approves $19 billion of economic stimulus steps
Saudi Arabia's King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sect
Read MoreECB keeps policy, guidance unchanged
The European Central Bank reaffirmed its ultra-easy policy stance on Thursday, promising to keep rates steady until after the end of bond buys and mai
Read MoreWalt Disney buys Murdoch's Fox for $52bn
The purchase includes Fox's film and television studios, as well as its 39% stake in satellite broadcaster Sky. Fox will form a news-focused company w
Read MoreIndian Industries Mulling Coal Imports as Power Takes Priority
Indian firms including aluminum smelters and chemical factories are considering importing more coal to ease fuel shortages as most of the country?s ou
Read MoreRising U.S. output threatens global oil market balance in 2018
The global oil market will likely show a surplus in the first half of 2018, as rising U.S. supply offsets OPEC?s discipline in maintaining its produc
Read MoreEconomic growth in India: 2018 to be weaker than expected, says Credit Suisse
Credit Suisse said it believes that India?s macroeconomic parameters should improve during 2018. However, economic growth is likely to be weaker than
Read MoreJan-Nov PE investment deal tally at $19 bn
Private equity investments saw a significant uptrend in November with deals worth $3 billion, taking the year-to-date (YTD) deal tally to $19.42 billi
Read MoreNatco Pharma raises Rs 915 cr via QIP
Natco Pharma has raised Rs 915 crore through issue of securities to qualified institutional investors, according to a regulatory filing.During its mee
Read MoreIndia growth to normalise in next four to six quarters, says Standard Chartered
Indian government has implemented bold reforms in recent years, including the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC
Read MoreFlipkart?s wholesale unit sees?revenue growth slow
Flipkart India Pvt. Ltd, the wholesale unit of India?s largest online retailer, posted slower revenue growth in the year ended March, regulatory docum
Read MoreNov WPI inflation touches 8-month high on onion, veggie prices
Inflation based on wholesale prices accelerated to 8-month high of 3.93 per cent in November due to a sharp rise in onion prices and costlier seasonal
Read MoreCircular No.49/2017-Customs
Refund/Claim of Countervailing duty as Duty Drawback.
Read MoreNotification No.115/2017 Customs (N.T.)
Amendment to notification no 40/2012-Cus (N.T.) dt 02.05.2012
Read MoreNotification No.114/2017 Customs (N.T.)
Customs (Furnishing of Information) Rules, 2017
Read MoreNotification No. 92 /2017 Customs
seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on various goods.
Read MoreNotification No. 91 /2017 Customs
seeks to increase import tariff rate on specified electronic goods under First Schedule to the Customs Tariff Act by invoking section 8A (1) of the Cu
Read MoreNotification No. 97/2017
[Notification No. 97 /2017/ F. No. 300196/8/2016-ITA-I]
Read MoreNotification No.RBI/2017-18/109
Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions
Read MoreNotification No.RBI/2017-18/108
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework ? Review
Read MoreUnderstand business and market cycles to benefit from them
Economic activity is not linear, it is cyclical. Economic or business cycles are periodic expansions and contractions of economic activity. Thus, ther
Read MoreApple growth slips to record 6 year low in India, says report
Technology giant Apple has registered the slowest growth in India in the last 6 years, based on Registrar of Companies data. Apple posted a 17 percent
Read MoreBinani Cement RP rejects Rs 2,000-cr claims of banks
The resolution professional (RP) for Binani Cement has rejected the claims of more than Rs 2,000 crore by IDBI Bank and the Hong Kong branch of State
Read MoreSAIL approves joint venture with ArcelorMittal for automotive steel
Domestic steel giant SAIL today said its board has approved the proposal to enter into a joint venture with the world?s largest steelmaker ArcelorMitt
Read More'India Inc's November M&A deal tally grows 55% to $3 bn'
India Inc's merger and acquisition activity registered a growth of 55 per cent year- on-year in November with deals worth USD 3.2 billion, powered by
Read MoreRBI puts Corporation Bank under PCA as bad loans shoot up
The state-run Corporation Bank said that the Reserve Bank of India (RBI) has enforced restrictions on it under the prompt corrective action (PCA) on a
Read MoreChina November investment growth slows, factory output and retail sales steady
China?s industrial output and retail sales grew at a steady pace last month, while fixed asset investment cooled slightly, reinforcing signs of a mode
Read MoreJapan's ruling bloc approves big corporate tax cut to encourage wage hikes
Japan?s ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent - but only for companies that rai
Read MoreHong Kong?s central bank raises base rate 25 basis points after Fed hike
The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent. Th
Read MoreFederal Reserve chief Janet Yellen: Flat US yield curve not signaling recession risk
For all those market mavens out there fretting about the relentless flattening of the U.S. Treasury yield curve, Federal Reserve Chair Janet Yellen ha
Read MoreTurning hawkish on India as inflation zooms past RBI target
India?s inflation surged past the central bank?s target, bolstering a view that interest rates may rise earlier than expected and offering little reli
Read MoreNov WPI inflation jumps to 3.93 per cent on high onion, veggie prices
Inflation based on wholesale price index (WPI) accelerated further to 3.93 per cent in November due to a sharp rise in onion prices and costlier seas
Read More10-year bond yield off 17-month high on govt repurchase plan
The yield on 10-year benchmark bonds fell from a 17-month high after the government announced a repurchase of Rs 20,000 crore of securities on Wednesd
Read MoreBonds end mixed, call rate dips
Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling. The 6.79 per cent 10-year benchmark bond maturing in 2027 rose to ?97.
Read MoreFlipkart completes buyback of employee stock options worth $100 million
India?s largest online retailer Flipkart has completed its $100 million repurchase of employee stock options (ESOPs), making it the largest-ever shar
Read MoreGovernment extends Aadhaar-bank a/c linking deadline to March 31, 2018
The government on Wednesday extended the deadline for linking bank account with Aadhaar. "It has been decided by the Government to notify 31st March,
Read MoreU.S. core inflation slows, puts spotlight on 2018 interest rate outlook
Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades
Read MoreChinese steel futures extend losses on weaker demand
Chinese steel futures dropped on Wednesday as the physical market slows amid cooling demand. The most active rebar on the Shanghai Futures Exchange cl
Read MoreOPEC sees balanced oil market by late 2018 as cuts erode glut
OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as th
Read MoreBig bet on SIPs: Mutual funds garner Rs 5,900 cr in Nov
Retail investors are preferring systematic investment plan (SIP) option for investing in mutual funds, with the industry garnering around Rs 5,900 cro
Read More'Digitisation helping people in remote corners access markets'
Digitisation is helping people even in remote corners of the country to access the markets, brokerage HDFC Securities said today.The firm also said th
Read MoreBSE's India INX's highest daily turnover crosses Rs 1,700 cr
Stock exchange major BSE said its wholly-owned subsidiary India International Exchange (India INX) witnessed an all-time high turnover of over Rs 1,70
Read MoreIndian inflation spike hits bonds, spurs rate policy and fiscal worries
India?s benchmark 10-year bond hit its lowest in more than 16 months on Wednesday, as investors saw surging inflation as a potential threat to a still
Read MoreAmazon India ties up with Korea body for beauty products
E-commerce company Amazon India on Wednesday announced its partnership with Korea Investment Trade Centre (KOTRA) in an effort to increase the number
Read MoreChennai based Veritas Finance raises Rs 120 cr in Series B funding for expansion, product innovation
Veritas Finance, a Chennai-based non-banking financial services company that lends to micro and small enterprises, has raised Series B equity funding
Read MoreADB slashes India growth forecast for 2017-18 to 6.7%
The Asian Development Bank (ADB) today lowered India?s economic growth forecast for the current fiscal to 6.7 per cent from 7 per cent, citing lingeri
Read MoreIndia's July-September current account deficit more than doubles
India's July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged, data publish
Read MoreService tax notices to IT firms: Concerns will remain till rules are amended, say Experts
Even though the tax department has set aside a clutch of orders sent to IT companies reversing their tax exemptions in respect of IT/IT-enabled servic
Read MoreStressed accounts on RBI list: Banks to set aside Rs 10,000 cr more
Banks would need to set aside an additional Rs 10,000 crore as provisions for accounts in the Reserve Bank of India?s (RBI) second list that are set t
Read MoreIncome-Tax dept conducts surveys at Bitcoin exchanges across country
The Income Tax Department today conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, officia
Read MoreAbu Dhabi-based fund to invest $2 billion in India technology
Next Orbit Ventures (NOVF) ESDM, a newly established Abu Dhabi-based fund, said on Wednesday it had launched a $2 billion fund to invest in India?s se
Read MoreNotification No. 97/2017 [ F. No. 300196/8
Publish Date : Tuesday, December 12, 2017
Adani's Aussie project in trouble as Queensland Premier vetoes funding
The Adani Group?s coal mine project in Australia has once again run into rough weather. The opposition this time is from the premier of Queensland, wh
Read MoreJapan's October machinery orders jump in show of resilience
Japanese machinery orders bounced back in October with a faster increase than expected, re-affirming the resilience of capital spending - a key driver
Read MoreUS government posts $139 billion deficit in November
The U.S. government reported a $139 billion deficit in November, the Treasury Department said on Tuesday. That compared with a budget deficit of $137
Read MoreIncome Tax department conducts surveys at Bitcoin exchanges country-wide
The Income Tax Department today conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, officia
Read MoreAIIB approves $335 mn loan for Bangalore metro project
The Asian Infrastructure Investment Bank (AIIB) today said it has approved a $335 million loan to finance a 100-per cent electric metro rail project i
Read MoreADB lowers India's GDP forecast for FY-18 to 6.7 per cent
The Asian Development Bank (ADB) today lowered India's GDP forecast for the current fiscal by 0.3 per cent to 6.7 per cent, attributing it to tepid gr
Read MoreGovt may allow pre-GST stocks to have revised MRP stickers till March
The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three months until Mar
Read MoreConsumer price inflation spikes to 4.88% in November, industrial output growth slows
India suffered a macroeconomic setback on Tuesday with retail inflation unexpectedly accelerating to a 15-month high of 4.88% in November and industri
Read MorePE funds ready with Rs 60,000-cr war chest for India Inc fire sale
Global private equity (PE) funds and strategic investors are ready with a war chest of over Rs 60,000 crore which they say will be needed to buy chunk
Read MoreChina likely to keep 2018 growth target around 6.5%
China will likely set its 2018 economic growth target at around 6.5 per cent, unchanged from the previous year, leaving more room for quality growth a
Read MoreIndian economy to grow at 7.2% in 2018, says UN report
The Indian economy will grow at 7.2% in 2018 and accelerate to 7.4% in the following year as a result of robust private consumption, public investment
Read MoreVodafone, Idea Cellular begin deal closure talks
The Aditya Birla Group and Vodafone Group PLC have started talks on the ?closing adjustments? of the merger between Idea Cellular and Vodafone India,
Read MoreHyundai, Ford clock growth in turnover in FY17
The turnover of Maruti Suzuki for 2016-17 is more than the total of turnovers of three major brands ? Hyundai, Ford and Nissan ? put together. Except
Read MoreApple's India growth hits 6-year low
Apple India posted Rs 11,618.7 crore revenue during 2016-17. The firm?s topline grew 17 per cent over the previous year?s Rs 9,937 crore turnover, but
Read MoreBond yields likely to climb more
India?s bond investors seem to have gotten tired of the incessant supply of fixed income papers at a time when regulatory requirement for them are red
Read MoreUS wholesale prices up 0.4 percent in November
Prices at the wholesale level rose 0.4 percent in November and 3.1 percent over the past year. It was the biggest annual jump in nearly six years and
Read MoreUnibail set to acquire Westfield for $16bn
Westfield chairman and co-founder Frank Lowy appears with his son Peter on a screen via video-link, as his other son Steven Lowy sits with Elliot Rusa
Read MoreGold hits 4-month low, slips Rs 180 on overseas trend
Gold prices went down for the sixth straight day, plunging by Rs 180 to over 4-month low of Rs 29,400 per 10 grams at the bullion market today, hurt b
Read MoreUnfazed by OPEC, Libya and Nigeria seek to boost oil output
Less than two weeks after OPEC?s decision to extend oil production cuts, Libya and Nigeria ? the only two exempt members of the group ? are signaling
Read MoreRetail investors push equity MF inflow to Rs 20,000-cr in Nov
Equity mutual funds registered an inflow of over Rs 20,000 crore in November, buoyed by strong participation from retail investors coupled with lacklu
Read MoreOne party, one bank account: Govt to introduce electoral bonds soon
Ahead of the Gujarat elections, sources tell ET Now that the government has more or less finalised the structure of the electoral bonds schemes, which
Read MoreLife insurers' new premium up 6% in November at Rs 16,995 cr
The first year premium of the life insurance companies grew by a marginal 5.8 per cent to Rs 16,994.95 crore in November, data from Irdai showed. All
Read MoreRBI ups FPI investment limits for G-Secs, SDLs
The Reserve Bank of India (RBI) on Tuesday announced the hike in foreign portfolio investors? (FPIs) investment limits in central government securitie
Read MoreAirtel sells 20% in DTH arm to Warburg Pincus for $350 m
Global private equity firm Warburg Pincus? affiliate will acquire a 20 per cent stake in Bharti Telemedia Ltd, the direct-to-home (DTH) arm of Airtel.
Read MoreOrders on service tax demand to IT firms set aside: Govt
In a relief to IT companies, a Rs 10,000 crore service tax demand notices on dozens of IT companies has been set aside, the government said today.The
Read MoreGST collection in November seen at lower than Rs 83,000 cr in October; errant taxpayers face crackdown
Saddled with a massive amount of unverified input tax credit (ITC) claims from the taxpayers, the government fears that the goods and services tax (GS
Read MoreOil settles lower after rally on pipeline outage; Brent premium narrows
Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that
Read MorePNB floats Rs 5,000-cr QIP, sees 14% equity dilution
State-run lender Punjab National Bank launched a Rs 5,000-crore fund-raising programme late on Monday evening through qualified institutional placemen
Read MoreIndia Oct IIP spikes 2.2%; Nov CPI Inflation at 4.88%
The General Index for the month of October 2017 stands at 123, which is 2.2% higher as compared to the level in the month of October 2016. The cumulat
Read MoreICICI Bank interest rates on deposits: 1-year rates reduced by 15 bps
ICICI Bank, the country?s second-largest private sector lender by assets, has reduced the interest rate on one-year deposits by 15 basis points (bps)
Read MoreReliance Industries mulls Jio IPO after $31 billion investment
Reliance Industries is mulling an initial public offering for its 4G telecom arm Jio, according to a report by ET Now quoting agencies. Reliance Indu
Read MoreAmazon India says focused on bottomline, but mum on revealing when it expects to turn profitable
Amazon Seller Services, the marketplace arm of US-based e-tailer Amazon, says it has already started to focus on its bottom line. Gopal Pillai, direct
Read MoreRs 20,000 case: Setback for Vodafone, Centre moves Supreme Court, wants stay on HC order in arbitration case
The finance ministry on Monday moved the Supreme Court seeking a stay on the Delhi High Court?s October order that allowed the Vodafone Group to go ah
Read MoreHow Indian ice cream brands are adopting coolest strategies as competition heats up
Even during the Ice Cream Congress and Expo this September, industry peers didn't realise the Chona family was literally freezing terms of their sale
Read MoreApple acquires music recognition app Shazam
In keeping with its plan to expand the company's music business, Apple confirmed that it is acquiring popular music recognition app Shazam beating Sna
Read MoreGoogle, Facebook dominated online advertising revenue in Q3
Google and Facebook dominated the online advertising in the third quarter this year as global online advertising revenue growth reached a record 29.6
Read MoreUN: Global economy is growing at 3 percent _ best since 2011
The global economy is growing by about 3 percent ? its highest rate since 2011 and a significant acceleration from last year, the United Nations said
Read MoreDespite Trump?s rancor, the world economy is surging
A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that
Read MoreChina likely to keep 2018 GDP target around 6.5 percent - policy adviser
China will likely set its 2018 economic growth target at around 6.5 percent, unchanged from the previous year, leaving more room for quality growth as
Read MoreRisks lurk as yen keeps BOJ from faster tapering despite stronger economy
Regardless of a return to solid economic growth, the risk of sharp appreciation in the yen means Japan?s central bank would be in no rush to exit its
Read MoreDollar rebounds before Fed?s expected rate hike
The U.S. dollar retraced most of its early weakness on Monday before the Federal Reserve is expected to hike rates on Wednesday, though concerns about
Read MoreThree reasons why UN is upbeat on India?s GDP growth in 2018-19
A latest report by United Nations predicts that India?s economy is likely to expand by 7.2 per cent in 2018 and go up further to 7.4 per cent in the f
Read MoreRetail inflation likely exceeded RBI?s 4% target in November
India?s retail inflation likely breached the central bank?s 4.0 percent medium-term target in November after unseasonably heavy rains sent food prices
Read MoreM&As to boost big telcos? revenues
Top telcos such as Bharti Airtel, Vodafone-Idea combine and Jio stand to gain about 10% in terms of revenue market share within a year as fringe playe
Read More10-year bond yield jumps, call rates stable
Government bonds (G-Secs) dropped further on sustained selling pressure from banks and corporates. While, Interbank call money rates ruled steady as d
Read MoreEconomy likely to expand 6.5% this fiscal, says Rangarajan
Former RBI Governor C Rangarajan on Monday said he expects the economy to grow about 6.5 per cent this fiscal.?Indian economy is coming out of a phase
Read MoreLKQ to buy German car parts retailer Stahlgruber in $1.8 billion deal
U.S. auto parts retailer LKQ Corp (LKQ.O) said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.8 billion), including de
Read MoreLooking beyond 4.5% growth of steel in Q3 and Q4
For the last few months the global interests in Indian economy have been on the rise. Be it World Bank in Ease of Doing Business or Moody?s in its rat
Read MoreIndia's fuel demand rises 6.2% in November
India's fuel demand rose 6.2 per cent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.41
Read MoreGold ETFs register Rs 500 cr outflow in Apr-Nov FY18
Investors have pulled out over Rs 500 crore from gold exchange-traded funds (ETFs) in the April- November period of the current fiscal as they preferr
Read MoreFund-raising via debt placement up 32% to Rs 51,000 cr in November
Indian companies raised close to Rs 51,000 crore through private placement of corporate bonds in November, a surge of 32 per cent from the year-ago le
Read MoreRBI net buys $852 mn of US currency in October
The Reserve Bank continued to remain a net purchaser of dollar in October after it bought USD 852 million in October from the spot market. Though the
Read MoreDigital payments channels: UPI is fastest growing in October; IMPS follows
Most modes of retail digital payments grew in volumes between September and October, with the Unstructured Supplementary Service Data (USSD) channel b
Read MoreUS retailers Gap, Forever 21, Aeropostale cut shop size in India; see reason why
A shuffle is taking place in the retail sector, with brands looking to right-size their outlets. Three American clothing and accessories brands ? Gap,
Read MoreTata Communications?s 15-year wait to spin off land assets nears end
Tata Communications Ltd will soon hive its property holdings into a separate company, which will subsequently be listed, capping a 15-year effort by t
Read MorePassenger vehicle sales up by 14% in November over low base hit by demonetisation
Passenger vehicle sales grew by double-digits in November as a low base year - after demonetisation hit demand last year - and year-end inventory stoc
Read MoreIndia Proposes $1 Billion Credit For ASEAN Connectivity Projects
India has proposed a $1 billion line of credit to promote sea, air and road connectivity projects with ASEAN, Union Minister Nitin Gadkari said today.
Read MoreBond yield ends at 16-month high of 7.17%
The benchmark yield closed at a 16-month high of 7.17% on Monday, with traders consolidating their positions ahead of the release of the consumer pric
Read MoreRupee revisits 1 week high, up 8 paise ahead of key macro data
Rising for the second straight session, the rupee today strengthened by 8 paise to end at a fresh one-week high of 64.37 a dollar on sustained selling
Read MoreAir India privatisation: National carrier to be split in 2 before sale
To fast-track the privatisation of state-run Air India (AI), the government is likely to first divide the enterprise into two: AI and Air India Expres
Read MoreCopper producers face uneven playing field
India?s two major producers of refined copper, Vedanta and Hindalco, must be drawing comfort from a Reuters report of an impromptu meeting of represen
Read MoreDirect tax target raised to Rs.10L cr
Even as the Central Board of Direct Taxes (CBDT) finds it difficult to achieve the Budget Estimates (BE) of direct taxes at Rs.9.8 lakh crore for FY18
Read MoreIndia's economy expected to grow at 7.5% in 2018:Nomura
Global investment bank Nomura has predicted India's economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical rec
Read MoreBUYERS IN IBC AUCTIONS TO BENEFIT
Transfer of shares of unlisted stressed companies at a price below its fair market value might soon be exempt from the tax net, according to the gover
Read MoreTalaipalli coal block may start commercial production from 2019-20: NCC
Infra major NCC Ltd expects to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topl
Read MorePE/VC investments touch $3bn in Nov driven by big ticket deals
Private equity and venture capital (PE/VC) investments touched USD 2.9 billion across 56 deals in November, driven by big ticket transactions and the
Read MorePassenger vehicle sales rise 14.29% in November; car sales up 4.49%
Domestic passenger vehicle sales rose 14.29 per cent to 2,75,417 units in November from 2,40,983 units in the same month last year. Domestic car sales
Read MoreChina should come clean on local government debt, International Monetary Fund report says
China should broaden its accounting methods to include off-budget quasi-fiscal spending to provide a clearer picture of its debt mountain, according t
Read MoreChallenges ahead for Egypt?s economy
In the year following the implementation of an economic reform package from the International Monetary Fund, Egypt?s economy has witnessed the rapid u
Read MoreBrexit Success: UK Economy Outperforms Official Estimates Yet Again
Despite the failing Brexit negotiations spooking investors, and globalist elites scaring market participants with the imminent economic collapse of Gr
Read MoreIgnatius: Europe?s ?miracle,? bullish outlook fuel world economy
A year ago, with the election of a U.S. president who had fulminated against the international trade and financial systems, some analysts worried that
Read MoreDirect tax collections increase 14 pct to Rs 4.8 lakh crore between April-November: CBDT
The Direct Tax Collections for Financial Year 2017-18 has shown the growth of 14.4 percent between the month of April-November this fiscal, the Centra
Read MoreBitcoin futures set to begin trading at Chicago exchange
A security based on bitcoin, the digital currency that has exploded in popularly and volatility this year, was to begin trading on a major U.S. exchan
Read MoreInsolvency law: Norms notified, set to be applicable to creditors, debtors and service providers
The regulations for grievance handling procedure under the Insolvency and Bankruptcy Code have been notified, wherein the filing fee will be refunded
Read MoreIndia's fuel demand rose 6.2 percent in November
India?s fuel demand rose 6.2 percent in November compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.41 m
Read MoreIran?s Rouhani sees major economic growth next year
Iran?s President Hassan Rouhani promised high economic growth as he laid out next year?s budget on Sunday, despite uncertainty over whether the Unite
Read MoreUltratech to set up Rs1,850 crore cement plant in Rajasthan
Aditya Birla group firm Ultratech Cement Ltd on Saturday said it will set up a new plant in Rajasthan with a proposed investment of Rs1,850 crore.The
Read MoreCentral banks buying gold in effort to diversify reserves
The hoard of gold with central banks is rising. While the focus of global investors has been on the equity market in recent times, central banks have
Read MoreThyssenkrupp ready to make workers offer for Tata Steel deal: media
Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their Europea
Read MoreBusiness confidence rises in October-December: CII
Companies in Indian are optimistic that the country's economic growth will gain traction during the third quarter this fiscal, says a report. The CII
Read MoreFY19 Budget may assume crude oil price at $65/barrel
Union Budget 2018-19 is likely to assume an average crude oil price of $65 a barrel. It was $55 a barrel for 2017-18. Crude oil prices have been risin
Read MoreMFs log Rs 1.26L cr inflow in Nov, AUM at a record Rs 21.8L cr
Investors have pumped Rs 1.26 lakh crore into mutual funds in November, driving industry assets under management to an all-time high of Rs 21.8 lakh c
Read MoreMega bitcoin gains come with megabyte tax
S Shridhar, an engineer working at an American IT company in Bengaluru, sold about 20 bitcoins on Friday following Reserve Bank of India warnings agai
Read MoreRailways? revenue likely to rise 10% to Rs 1.8 lakh crore
The Indian Railways is expected to post total revenue of Rs 1.8 lakh crore in the current fiscal year, slightly short of initial target but 10% more t
Read MoreTaxman pressing ahead with prosecution notices
As tax officials chase to meet stiff revenue targets amid sluggish growth, there is a sudden surge in prosecution notices slapped by the income tax (I
Read More5 tax-saving funds that have given stellar returns in the past 5 years
It is that time of the year when there is a rush among tax savers to invest as they have to submit proofs to their employers. Investors can save tax b
Read MoreAmazon India posts 67% sales volume growth in September quarter
Amazon India said its gross sales volume rose 67% from a year earlier in the September quarter, as the online retailer continued to grow at a rapid pa
Read MoreICICI Bank eyes $500 million through foreign loan
India?s biggest private-sector lender ICICI Bank, which raised $500 million in a bond sale last week, is in talks to garner a similar amount through a
Read MoreGST, infrastructure status lift spirit of logistics companies
India?s logistics and supply chain sector is undergoing a big change as two moves by the government ? goods & services tax (GST) and infrastructure st
Read MoreReliance retail plans to expand business-to-business play
Reliance Retail wants to expand its business-to-business play by foraying into distribution of apparel, FMCG and white goods directly to neighbourhoo
Read MoreTo boost Make in India, framework for SEZs set for a complete makeover
India is eyeing a revamp of its framework for special economic zones (SEZs) to boost manufacturing, including the exemption of factories located in th
Read MoreBankers Look for Speedy Resolution of 28 Accounts
Bankers are looking to speed up the resolution of 28 accounts including Videocon Industries, Jaiprakash Associates and Uttam Galva Steel as a December
Read MoreMcDonalds may appoint new partner for north, east India
After months of intense battle with its Indian joint venture partner Vikram Bakshi, fast food giant Mcdonalds India may soon appoint a licensee partne
Read MoreStressed assets valuation: New norms by FY18 end may allow for better assessment of worth
Amid differences between lenders and bidders on the proper valuation of a stressed company, the government is considering a proposal to ask insolvency
Read MoreDiscoms may suffer massive Rs 18,000 cr setback; here is how
If state-owned distribution companies (discoms) are mandated to put in place power purchase agreements (PPAs) to meet 100% of their electricity ?requi
Read MoreCircular No.48/2017-Customs
Clarification on Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 ?reg
Read MoreNotification No.113/2017 Customs (N.T.)
Exchange Rates Notification No.113/2017-Custom(NT) dated 07.12.2017
Read MoreNotification No.RBI/2017-18/107
Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India
Read MoreNotification No.RBI/2017-18/106
Change in name of ?Sardar Bhiladwala Pardi People?s Co-operative Bank Ltd., Killa Pardi, Dist. Valsad (Gujarat)? to ?SBPP Co-operative Bank Ltd., Kill
Read MoreNotification No.RBI/2017-18/105
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
Read MoreNotification No.RBI/2017-18/104
Auction of Government of India Dated Securities
Read MoreHP to bring 3D printers to India in Q1 2018
Technology giant HP will introduce 3D printers in the Indian market in the first quarter of 2018, a top company official said today. "We will launch o
Read MoreOla eyes financial services, taps PayU India's Nitin Gupta to head biz
Ola, India?s largest cab-hailing service, is getting into the financial services space by tapping its million-strong driver network as a captive custo
Read MoreUnexpected decline in German exports narrows trade surplus
German exports fell unexpectedly in October while vibrant domestic demand pushed up imports, narrowing its trade surplus and adding to evidence that E
Read MoreCBEC orders taxmen to intensify efforts against uncooperative taxpayers
After receiving ground reports of difficulty faced by tax officials in collecting comparative data from unwilling assessees, the Central Board of Exci
Read MoreChina exports soar higher than expected in November
Chinese exports surged more than twice the expected pace in November, official data showed today, providing some more welcome news pointing to improve
Read MoreNovember credit offtake at a three year high
Bank credit offtake has touched a three year high in November implying some early signs of revival in loan demand. Banks loans including procurement c
Read MoreADB okays $346 mn loan to upgrade Karnataka highways
Asian Development Bank (ADB) will fund highway upgradation project in Karnataka for which it has approved a loan of USD 346 million, ADB said today. I
Read MoreNREGS may get record Rs 55k cr for FY19
The rural development ministry expects an allocation of Rs 55,000 crore for the government's flagship rural jobs scheme under the Mahatma Gandhi Natio
Read MoreAfter dramatic gains, bitcoin tumbles 20 percent in 10 hours
Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the marke
Read MoreRIL acquires stake in Uruguay based Dreketi
Mukesh Ambani Controlled Reliance Industries (RIL) has acquired stake in a newly incorporated entity Dreketi S. A.in Uruguay (Dreketi).Consequentially
Read MoreCredit growth gathering steam: RBI
Credit offtake from banks is gradually gathering steam, going by Reserve Bank of India data. This is underscored by the fact that year-on-year credit
Read MoreBank of India to raise Rs 3,000 crore via QIP
Public sector lender Bank of India (BoI) plans to raise Rs 3,000 crore through qualified institutional placement (QIP) in the coming days, bank CMD Di
Read MoreMutual fund AUM at a record Rs.1.69-lakh cr in 2017
This year will go down as the best ever in the history of India?s mutual fund (MF) industry. Domestic MFs witnessed total inflows of Rs.1.69-lakh cror
Read MoreSoftware service export grew 10.3% in 2016-17: RBI
Indias export of software services rose by 10.3 per cent on an annual basis to USD 97.1 billion in 2016-17, the Reserve Bank (RBI) said today. The exp
Read MoreCapital goods, infra order book doubles in December quarter
The order inflow trend for capital goods and infrastructure companies in the country has shown significant improvement, with the order value having mo
Read MoreGovernment Moves to Take Over Unitech With Rarely-Used Measure
The bankruptcy court allowed the Union government to appoint new management for real-estate giant Unitech in in a rare move, as the corporate affairs
Read MoreEU, Japan conclude world's largest free trade agreement
The EU and Japan announced on Friday they have finalised terms for a giant free trade deal, presenting it as a challenge to the protectionism champion
Read MoreJapan's Q3 economic growth revised up to 2.5%
Japan's economy grew an annualised real 2.5% in the July-September period, revised up from preliminary data and marking seven straight quarters of gro
Read MoreBritain, EU clinch Brexit 'breakthrough' with move to trade talks
Britain and the European Union struck a divorce deal on Friday that paves the way for arduous talks on future trade ties, easing immediate pressure on
Read MoreIron Ore From Paradise Wins No Takers as China Upends Market
A China-led flight to quality in the global iron ore market is punishing producers of the lower-grade material, with miners in India facing an increas
Read MoreGold losses mount, silver dips below Rs 38,000 per kg
Gold prices suffered more losses by falling Rs 200 to trade at Rs 29,750 per 10 grams today, mirroring a weak trend overseas amid slack demand from je
Read MoreChina's November natural gas imports hit record, crude shipments rebound
China?s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners rampe
Read MoreForex reserves jump by $1.2 bn to $401.94 bn
India?s foreign exchange reserves increased by USD 1.2 billion to touch USD 401.942 billion in the week to December 1, according to the RBI data.The s
Read MoreOBC cuts MCLR by 0.05% for select tenors
Public sector lender Oriental Bank of Commerce (OBC) on Friday slashed the marginal cost based lending rate (MCLR) by 0.05% for select maturities. The
Read MoreHDFC Bank says no impact of ?couple of defaulters? in RBI list on provisioning
Private sector lender HDFC Bank has seen no impact on the provisioning front due to exposures to the ?couple of companies? featuring in the Reserve Ba
Read MoreFiscally sound states may get better bond treatment
The latest Mint Street memo ? written by Reserve Bank of India officials but not necessarily interpreted as the RBI?s official views ? hints at the po
Read MoreIndia bonds slump to 15-month low as auction cut-offs disappoint
Indian bonds slumped to a 15-month low on Friday after the Reserve Bank of India set higher-than-expected cut-off yields at the weekly debt auction, w
Read MoreJV between SAIL, ArcelorMittal soon: Steel Minister
Union Steel Minister Chaudhary Birender Singh said that the joint venture (JV) between steel giants SAIL and ArcelorMittal to produce high-end automot
Read MoreTata Motors global sales up 22% in November
Tata Motors today reported a 22 per cent increase in its total global sales at 1,12,473 units for November. Global wholesales of all Tata Motors? co
Read MoreEnding exemptions can take tax-to-GDP ratio to 22%: Bibek Debroy
Blaming Indian industry?s lobbying for tax exemptions, Prime Minister?s Economic Advisory Council chairman Bibek Debroy has said eliminating such exem
Read MoreHighways in Uttar Pradesh: Nitin Gadkari says Centre will invest Rs 2 lakh cr by 2019
Union minister for road transport Nitin Gadkari on Friday announced that Rs 2 lakh crore would be allotted for the development of highways in Uttar Pr
Read MoreAir India seeking Rs1,500 crore in working capital loans
Debt-laden Air India is looking at raising short-term loans to the tune of Rs1,500 crore to meet the urgent working capital requirements.This is the t
Read MoreThis smallcap may become 5th largest FMCG co by FY21; shares soar over 12 per cent
Shares of smallcap firms surged up to 20 per cent in the morning trade on Friday with Shriram EPC surging the most (up 20.00 per cent), followed by Fu
Read MoreBitcoin plummets more than 12% to below $15,000
Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000
Read MoreNCLT allows govt to take control of Unitech; corporate affairs ministry to nominate 10 directors
The National Company Law Tribunal (NCLT) has allowed the government to appoint 10 nominee directors at Unitech after the Ministry of Corporate Affairs
Read MoreBritain and EU reach deal to move Brexit talks forward
Britain and the European Union struck a deal on Friday to move on to talk about trade and a transition period after they agreed the outline of their d
Read MoreUday Kotak warns of softer issues impeding higher growth
The richest banker Uday Kotak has flagged concerns over "softer issues" like the massive spike in pollution in the national Capital and has warned tha
Read More12%, 18% GST rates can be merged to new slab
Bihar Deputy Chief Minister Sushil Modi on Friday said the Goods and Services Tax (GST) Council would examine the possibility of merging the 12 and 18
Read MoreTop 100 firms create wealth worth Rs 38.9 lakh crore in last 5 years
Country's top 100 companies in terms of market valuation have generated a record Rs 38.9 lakh crore wealth in the last five years, with Tata Group fir
Read MoreRBI's MDR rationalisation may discourage retailers, undermine digitisation efforts
Shortly after the Reserve Bank of India?s (RBI) announcement of rationalisation of merchant discount rates aimed at boosting non-cash transactions, pa
Read MoreOil prices steady as Chinese demand counters stronger dollar
Oil prices were stable on Friday, held back by a strengthening US dollar but supported by China's relentless thirst for crude amid the Opec-led supply
Read MoreAnother online aggregator to go public, PolicyBazaar eyes $1.5 billion IPO
After the online matchmaking site BharatMatrimony launching its IPO in the domestic internet market, it?s the turn of online insurance aggregator Pol
Read MoreChina exports growth hits 8-month high, imports defy pollution curbs
China's exports and imports unexpectedly accelerated last month in an encouraging sign for the world's second-biggest economy, though analysts expect
Read MoreJapan's economy in longest growth streak since 1994
The economy expanded at an annual rate of 2.5% in the three months to September, revised data showed.The growth rate was faster than expected, and hig
Read MoreTax revenues need to stabilise before relook at GST rates
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rat
Read MoreGermany exhorts Indian firms for more investments
Germany has laid out the "red carpet" for Indian firms, underlining their potential for investments in the European nation, German Ambassador Martin N
Read MoreIndia losing comparative advantage in leading export sectors
In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the fi
Read MoreIndia's GDP growth to rise to 7.5 pc in 2018: Morgan Stanley
The Indian economy is expected to witness cyclical growth recovery, with real GDP growth likely to accelerate from 6.4 per cent this year to 7.5 per c
Read MoreInvestors pump Rs 1.26 lakh crore into MFs in November, industry AUM at Rs 21.79 lakh crore
Driven by hopes of an economic recovery and lack of alternate investment avenues, investors continued to pour money into mutual funds in November. As
Read MoreBank loan growth hits 3-year high on base effect; shows early signs of revival
Loan growth of banks hit a three-year high in November, boosting early signs of revival in demand after credit offtake had touched multi-year low in t
Read MoreInvestor flow into equity mutual funds at Rs 20,308 cr in November
Equity mutual funds (MFs) saw net investor inflow of Rs 20,308 crore in November, despite weakness in the stock market.This is the second time after A
Read MoreConsumption and Investment Propel Euro-Area Economic Growth
Private consumption and investment drove euro-area economic growth in the third quarter, underpinning a recovery that has spread across the 19-nation
Read MoreChina November FX reserves rise for 10th month as outflow risks ebb
China?s foreign exchange reserves rose for a 10th straight month in November, though slightly less than market expectations, as tight regulations and
Read MoreGold prices fall below Rs30,000-mark on weak global cues
Gold prices dipped below the Rs30,000-mark on Thursday, falling by Rs100 to trade at over three-month low of Rs29,950 per 10 grams at the bullion mark
Read MoreSebi may let mutual funds enter commodity derivatives sector
The Securities and Exchange Board of India (Sebi) has proposed allowing mutual funds and portfolio management services (PMS) firms to invest in commod
Read MoreFund raising via preferential allotment rises 8% in Apr-Oct
Indian companies garnered over Rs 26,000 crore through issuance of shares on preferential basis during April-October of the ongoing fiscal, a jump of
Read MoreBHIM app gives up pole position; UPI only major digital payment channel to grow in November, RBI data shows
The Unified Payments Interface (UPI) channel was the only mode of retail digital payments to register significant growth in transaction volumes in Nov
Read MoreNon-food credit at 15-month high, up 10% on low base
Non-food bank credit clocked double-digit growth for the first time in 15 months, rising to 10% year-on-year (y-o-y), during the fortnight ended Novem
Read MoreIndian automation market expected to grow at a CAGR of 5.2% 2016-2021 : Frost & Sullivan
In FY 2016, the Indian automation market (which includes DCS, PLC, HMI, SCADA, and Industrial Robots) was estimated at INR 40.28 billion. This market
Read MoreEmami to acquire 30% stake in The Man Company parent
Consumer goods maker Emami Ltd on Thursday said it had agreed to buy a 30% stake in Helios Lifestyle Pvt. Ltd, which sells men?s personal grooming pro
Read MoreJet Airways Q2 net falls 91% to Rs 49.36 crore
A massive fall in the other income saw the country?s second largest airline Jet Airways standalone net profit plummeting to Rs 49.63 crore in the quar
Read MoreSAIL board to approve $1-bn JV with ArcelorMittal next week: Sources
State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting nex
Read MoreDeadline for mandatory linking of Aadhaar will be extended to March 31 next year, Centre tells SC
The Centre on Thursday informed the Supreme Court that it will extend till March 31 next year the deadline fixed for mandatory linking of Aadhaar + fo
Read MoreUnitedHealth to buy DaVita primary care unit for $4.9 billion
The largest U.S. health insurer UnitedHealth Group Inc will buy DaVita Inc?s primary and urgent care services for $4.9 billion in its second acquisiti
Read MoreBroadcom profit beats as Qualcomm takeover fight intensifies
Broadcom Ltd on Wednesday reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $
Read MoreAsian currencies drift as investors shy away from risk
Most Asian currencies drifted on Thursday, with investors shying away from risk ahead of key central bank meetings next week and due to political unce
Read MoreCognizant sees Asia as $1 billion opportunity
Cognizant said Asia would become a $1 billion market for the company in the next few years as it powers ahead with investments in Australia, Japan and
Read MoreIn ruins of Greek economy, factories turn to exports to grow
Nikolaos Bakatselos, chief executive of Pyramis, one of Greece?s last surviving stainless steel sink makers, says he can hardly keep up with new order
Read MoreEconomy Resilient Despite Blockade
The economy of Qatar, one of the world?s leading exporters of liquefied natural gas (LNG), is functioning smoothly despite the blockade imposed on Jun
Read MoreRs 5580 cr loan amount disbursed on Wednesday: Maharashtra CM
The Maharashtra government processed 16,98,110 loan accounts under Chhatrapati Shivaji Maharaj Shetkari Sanman scheme and disbursed Rs 5580 crore, Chi
Read MoreExpect March inflation around 4.5%; bond yields at 6.75-6.8% by Jan: Nomura
The Reserve Bank of India (RBI) holds fire as expected, leaves key rates unchanged. Governor Urjit Patel hints that "neutral" stance may continue for
Read MoreSingapore top destination for Chinese investment, India 37th
India has slipped six notches to 37th position among 60 major economies in the world in terms of their attractiveness to Chinese firms, while Singapor
Read MoreHinduja Global bets big on e-comm sector; looks to expand Latin American footprint
Hinduja Global Solutions (HGS), the business process management services arm of Hinduja Group, is betting big on the e-commerce sector in India as a s
Read MoreUrjit Patel on bank recapitalisation: Plan will be differentiated across banks
State-run banks with a well-managed balance sheet will get priority in the central government?s recapitalisation programme, the Reserve Bank of India?
Read MoreGoing to get tough for discoms, Centre may not allow losses over 15 pct to be passed on to consumers
To ensure stricter UDAY-target compliance by discoms, the government will mandate via a new law that their losses due to pilferage/theft exceeding 15
Read MoreWhat is FRDI Bill? Here is all you need to know in 10 points
The Union Cabinet chaired by Prime Minister Narendra had approved the proposal to introduce a Financial Resolution and Deposit Insurance (FRDI) Bill i
Read MoreGold prices plunge Rs200 on muted demand, global cues
Gold prices tumbled by Rs200 to Rs30,050 per 10 gram at the bullion market on Wednesday on muted demand from local jewellers and a weak trend overseas
Read MoreAirtel, Intex team up to offer bundled 4G smartphones
Bharti Airtel Ltd has tied up with device maker Intex Technologies to launch a range of 4G smartphones, starting at an ?effective price? of Rs1,649 an
Read MoreAircel plans to halt services in six loss-making circles
Aircel plans to halt services in six circles that are dragging its profitability down and will surrender its 2G spectrum to the government in these se
Read MoreAlibaba all set to put $300 million in BigBasket
Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $300 milli
Read MorePaytm merges start-ups Nearbuy, Little Internet
With stake acquisition Paytm customers can discover a wide selection of events and book instantly . Orchestrating a minor consolidation, fintech giant
Read MoreChina Likely to Set Slower GDP Growth Target for 2018, UBS Says
China?s main annual economic policy meeting is likely to set a slightly lower growth target for 2018, suggesting that deleveraging will be gradual and
Read MoreWipro to expand operations in London, to set up third office
Indian software major Wipro on Wednesday said it was opening its third office in London to offer digital print on demand (pod) services to its regiona
Read MoreWhy Procter & Gamble is a slow mover in India
The world?s largest consumer goods company, Procter & Gamble (P&G), is slowing down in India. For the second straight year, the top line of P&G Home P
Read MoreAfter 8-year low in Sept, P-Note investment climbs in Oct
Investments in the Indian capital market through participatory notes (P-Notes) climbed to Rs.1.31 lakh crore in October after hitting an over eight-ye
Read More'GDP growth in FY'19 likely to see marginal pick up at 7.2%'
The country's economic growth is expected to continue with a "shallow recovery" next year, and is likely to inch up to 7.2 per cent in 2018-19 from a
Read MoreIndia Inc raises Rs 44,000 cr via QIP in Apr-Oct
Indian firms mobilised nearly Rs 44,000 crore by issuing shares to institutional investors during the April-October period of the current fiscal, over
Read MoreEU unveils plan to help countries join the euro but there are ?no strict deadlines?
European Commission Vice President Valdis Dombrovskis, who also serves as the European Commissioner for the Euro and Social Dialogue, presented the co
Read MoreUBI set to raise funds via QIP
Union Bank of India (UBI) is set to raise up to Rs 2,000 crore through a qualified institutional placement (QIP) in about a week. The lender has plann
Read MoreP-notes investment rises to Rs 1.31 lakh cr in Oct
Investments in the Indian capital market through participatory notes (P-notes) climbed to Rs 1.31 lakh crore at October-end after hitting an over eigh
Read MoreBenchmark yield falls on RBI inflation stance
The benchmark yield closed three basis points down on Wednesday at 7.03% after the market cheered a less than expected hawkish tone of the Reserve Ban
Read MoreDebit cards transactions get RBI boost as cap on merchant rates announced
The Reserve Bank of India (RBI) on Wednesday released final guidelines for rationalisation of merchant discount rates (MDR) for debit card transaction
Read MoreBombay High Court upholds constitutional validity of RERA
In a relief to homebuyers, the Bombay High Court upheld the constitutional validity of the Real Estate (Regulation and Development) Act, 2016 and the
Read MoreRBI leaves key rates unchanged, passes economic revival buck to Centre
Wednesday?s unsurprising Reserve Bank of India (RBI) decision to leave its policy rate and neutral stance unchanged while mildly raising its inflation
Read MoreGlobal airlines' industry profit to hit $38.4bn in 2018: IATA
The global airlines' industry is projected to record a higher net profit of USD 38.4 billion in 2018, primarily bolstered by strong demand, industry g
Read MoreCineworld agrees to buy Regal in $3.6 billion theatre deal
The UK?s Cineworld Group Plc agreed to buy US theater operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie marke
Read MoreIreland to start collecting $15 billion in tax from Apple
Ireland has struck a deal with Apple to collect up to 13 billion euros ($15 billion) in back taxes and hold it in an escrow account pending an appeal
Read MoreFord set for China tie-up with Alibaba to test online, direct auto sales-source
Ford Motor Co is expected to sign as early as Thursday a deal with Alibaba Group Holding Ltd which may allow the U.S. automaker to test selling cars t
Read MoreBombay High Court Upholds Validity Of Real Estate Act
The Bombay High Court today upheld the validity of the Real Estate (Regulation and Development) Act.A bench of Justices Naresh Patil and Rajesh Ketkar
Read MoreRise in German industrial orders bodes well for coming months
German industrial orders increased unexpectedly in October thanks to domestic and non-euro zone demand, data showed on Wednesday, suggesting this sect
Read MoreRBI Monetary Policy: MPC Holds Rates, Maintains Neutral Stance
The monetary policy committee today voted to keep interest rates unchanged, but maintained a neutral stance allowing it to adjust rates in both direct
Read MoreIndia's November gold imports nearly halve on higher prices: GFMS
India?s gold imports in November nearly halved from a year ago as a rise in the price of the yellow metal curbed retail buying for weddings, industry
Read MoreRBI expects retail inflation to range 4.3-4.7% in second half FY18
The RBI said today that it expects retail inflation to be in the 4.3-4.7 per cent range during the second half of the current fiscal, marginally highe
Read MoreNow, Bitcoin heads for $13,000 in the evening, after hitting $12,000 for first time today morning
The rise in the price of Bitcoin, world?s largest cryptocurrency with multiple warnings on it, is defying all logic, as the cryptocurrency neared $13,
Read MoreRegional economic activity regaining momentum
Twenty of the region?s 45 economies are expected to grow robustly at five per cent or higher (mostly in eastern and western Africa) in the New Year.Th
Read MoreConsumer slump raises red flag on economy
Australia's economy has expanded at a slower than expected rate in the three months to September, with the weakest consumer spending in nearly 10 year
Read MoreAustralian economy gets investment lift, but consumers struggle
Australia's economy expanded at the fastest annual pace in over a year last quarter thanks to a long-awaited jump in business investment, though marke
Read MoreFinance Ministry clears FDI proposal worth Rs 1.90 crore in November
The finance ministry today said it cleared a foreign direct investment (FDI) proposal of Rs 1.90 crore in November. The proposal relating to Wells Far
Read MoreReliance Infrastructure wins Rs 5,000-crore contracts for projects in Bangladesh
Anil Ambani-led Reliance Infrastructure Ltd today said it has bagged contracts worth Rs 5,000 crore in Bangladesh which includes setting up of the ent
Read MoreIndia's containerised foreign trade surges 10% in Q3 2017
India's containerised overseas trade grew by 10 per cent in the third quarter of 2017 and the trend is likely to continue, Maersk India said in its la
Read MoreUnion Budget 2018-19: Government may cut corporate tax for larger firms
In a move that will benefit larger companies, the government may cut corporate tax in the upcoming Union Budget.ET Now reported quoting sources that t
Read MoreRBI retains economic growth projection at 6.7% for FY'18
The Reserve Bank today retained economic growth projection for 2017-18 at 6.7 per cent saying that the risks are evenly balanced.In its Fifth Bi-month
Read More8,450 crore package to boost exports post GST
The government on Tuesday announced incentives worth Rs 8,450 crore to boost exports of goods and services ? mainly from labour-intensive segments and
Read MoreGovt's public debt rises by 2.53% in July-September quarter
The public debt of the central government rose by 2.53 percent to Rs 65.65 lakh crore in the July-September quarter compared to the previous quarter."
Read MoreIndian media and entertainment sector estimated at Rs 450,000 cr by 2022; 2.8 pct of GDP
The size of Indian media and entertainment industry, which grew at a rate of 10% over the last five years between 2012 and 2017 adding over 50,000 cro
Read MoreADB approves $583 million loan to Reliance Power project
Reliance Power Ltd on Tuesday said Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million to deve
Read MoreBond rout sees RBI liquidity tools take centre stage for traders
For traders in rupee sovereign bonds, the most important factor to watch out for in the Reserve Bank of India?s (RBI) policy outcome on Wednesday is i
Read MoreOver 1,000 new FPIs register with Sebi in 7 months of FY'18
As many as 1,064 fresh foreign portfolio investors (FPIs) were registered with Sebi in April-October 2017-18 mainly due to their continued interest in
Read MoreFundraising through IPOs crosses Rs 66k crore
Fundraising through the initial public offering (IPO) route has hit an all-time high in 2017, a year that saw benchmark indices scale new highs. A tot
Read MoreUS trade deficit scales 9-month high; oil prices lift imports
The U.S. trade deficit increased more than expected in October, hitting a nine-month high as rising oil prices helped to boost the import bill, sugges
Read MorePMI services drops to 3-month low in November as GST cools demand
Services, the biggest sector of the Indian economy, contracted in November because of the goods and service tax affecting demand, shows the widely-tra
Read MoreOnus on rating agencies to reveal loan defaults
In a substantial dilution of its earlier stand that listed companies should make public any loan default within 24 hours of missing the repayment obli
Read MoreAircel looking at ways to stay afloat
Beleaguered telecom operator Aircel is in talks with lenders and shareholders to find a way out of its current crisis with cash for operations set to
Read MoreIdea-Vodafone merger likely to close 6 months earlier, by March-April
The Idea-Vodafone merger is likely to close faster, as early as next March-April, six months before the more conservative September 2018 timeline rece
Read MoreIrda issues guidelines for PE investments in insurance companies
The insurance regulator has allowed private equity (PE) funds to invest in insurance companies through special purpose vehicles (SPVs) with a lockin p
Read MoreMeredith finally buys Time Inc
Iowa-based Meredith has acquired all outstanding shares of Time Inc in an all-cash transaction valued at $2.8 billion. The transaction, unanimously ap
Read MoreXiaomi plans to set up more plants in India to add capacity
Xiaomi India, popular for its smartphone brand, has plans to set up more plants and add capacity to manufacture phone and products in other categories
Read MoreBhushan Power and Steel Insolvency process set to enter second leg
The insolvency resolution process for Bhushan Power and Steel is set to enter its second leg, with the committee of creditors (CoC) about to circulate
Read MorePSBs look to frame common rules to value stressed assets
The finance ministry is working with state-run lenders to frame a common set of rules for valuation of stressed assets for faster resolution of loans
Read MoreWith IRDAI?s PE norms, insurers can have professional promoters
Two former CEOs of insurance companies ? Rajesh Relan (ex-CEO of PNB MetLife) and P Nandgopal (ex-CEO of both India-First and Reliance Life) ? are tur
Read MoreADB approves $583 million loan facility to Reliance Power project
The Asian Development Bank has approved debt financing and partial risk guarantees totalling $ 583 million for Reliance PowerBSE 0.00 %'s liquefied na
Read MoreIndia is said to plan electronic tax scrutiny for top 500 firms
India plans to overhaul its tax assessment and investigation process for the nation?s top 500 companies as part of Prime Minister Narendra Modi?s ende
Read MoreUAE, Saudi Arabia forming new group, separate from GCC
The United Arab Emirates on Tuesday announced it has formed a new economic and partnership group with Saudi Arabia, separate from the Gulf Cooperation
Read MoreAustralia's central bank keeps rates unchanged at 1.5 percent
Australia's central bank said Tuesday it is keeping the benchmark cash rate unchanged at 1.5 percent, a widely expected decision given policy makers h
Read MoreThe U.S. Economy Is Finally Living Up to Lowered Expectations
eople are cheering that the U.S. economy is finally back to operating at its full potential, eight years after the global financial crisis ended. ?U.S
Read MoreDigital economy growth requires global efforts
China is willing to deepen global cooperation in the digital economy to gain new momentum and expand global economic growth, the head of the country's
Read MoreJapan November services growth slows but business confidence picks up: PMI
Japan?s service sector activity grew at a slower pace in November due to a slowdown in outstanding business, but new orders remained relatively strong
Read MoreChina could become world?s largest importer within five years
China is expected to overtake the US to become the world?s largest importer within five years, a leading Chinese investment firm said on Monday. In th
Read MoreGST slows service activity in November, PMI at 3 month low
Sluggish demand and lower customer turnout due to the Goods and Services Tax (GST) rollout made India's service activity contract for the first time i
Read MoreForeign Trade Policy may focus on job creation, improving trade logistics
Job creation and improving trade logistics are likely to be key focus areas in the mid-term Foreign Trade Policy review and may also seek to address G
Read MoreADIA puts $100 million in KKR?s India credit platform
Abu Dhabi?s sovereign wealth fund has invested about $100 million in the lending business of US private equity giant KKR & Co L P, with the New York-b
Read MoreSoon, imported items may be released without upfront payment of duty
India may release imported items without any upfront duty payment as part of a revamp of the Customs framework to speed up movement of goods across bo
Read MoreShapoorji JV eyes tier-II cities for affordable homes
The Shapoorji Pallonji group is seeking opportunities for affordable housing projects in Kochi, Chennai, Ahmedabad, Indore, Ghaziabad and Coimbatore.
Read MoreRBI builds $31-bn forwards position as dollar tide rises
The Reserve Bank of India (RBI) has built up a $31-billion position in rupee-dollar forwards as a continuous foreign fund inflow has necessitated acti
Read MoreGreece Just Witnessed Something It Hasn?t Seen Since 2006
Greece?s economy expanded for a third straight quarter for the first time in more than a decade, providing a foundation for the country?s attempts to
Read MoreUS pharmacy firm CVS to buy health insurer Aetna for $69bn
The deal worth around $69bn (?51.1bn) requires approval by regulators and shareholders. The proposed tie-up comes amid speculation that online shoppin
Read MoreCement demand to witness modest growth in FY18: ICRA
Domestic cement demand is expected to register a modest growth of one per cent in 2017-18 fiscal driven by pick-up in affordable and rural housing and
Read MoreGold prices plunge on weak global cues, slack demand
Gold prices tumbled by Rs300 to Rs30,200 per 10 grams at the bullion market on Monday, taking cues from a weak trend overseas and slack demand from lo
Read MoreIndian oil refiners issue tanker tenders aimed at boosting domestic shipping
Two of India?s state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian comp
Read MoreAsian Banks See Funding Costs Rise, Making 2018 Challenging
It?s been a borrower?s market for a long time, in Asian syndicated loans as in the rest of the dollar universe. But Asia-Pacific lenders are facing in
Read MorePNB gets shareholders' nod for raising Rs 5,000 cr from market
Punjab National Bank (PNB) said today that it has got shareholders' approval for raising Rs 5,000 crore either through Qualified Institutional Placeme
Read MoreBHIM?s UPI volume share falls to 8 pct from 47 pct, but see how value spiked
The share of transactions made through the Bharat Interface for Money (BHIM) app in the overall pie of Unified Payments Interface (UPI) payments shran
Read MoreBond yield hits 15-month high as rate cut hopes wane
The benchmark yield closed at a 15-month high level of 7.08% on Monday, with the market seeing little room for the central bank to cut rates, given th
Read MoreBharti Airtel buys stake in Juggernaut Books
Bharti Airtel Ltd, India?s largest telecom service provider, on Monday said that it has acquired a strategic stake in digital publishing platform Jugg
Read MoreGood news! $9 bn inflows into Indian e-commerce ventures in 2017; SoftBank leads charge
A chunky $9 billion has flowed into e-commerce ventures in 2017 in a sign Indian e-retailers are living up to their promise. After a somewhat dul2016,
Read MoreFitch cuts India's FY18 GDP growth forecast to 6.7%
Days after India's economy showed signs of recovery, Fitch Ratings today cut the country's GDP growth forecast for the current fiscal to 6.7 per cent
Read MoreCentre may raise spending on SC and ST welfare schemes by 40 pct
The Centre?s Budget allocations for scheduled castes and tribes? (SC&ST) welfare could leapfrog 40% if a ?new arrangement? proposed by a high-level co
Read MoreCircular No. 1061/10/2017-CX
Procedure for manual disbursal of budgetary support under Goods and Service Tax Regime to the units located in States of Jammu & Kashmir, Uttarakhand,
Read MoreNotification No.55/2017-Customs (ADD)
Seeks to extend levy of ADD on imports of caustic soda originating in or exported from Saudi Arabia and United States of America by one year, upto 25.
Read MoreNotification No.112/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.
Read MoreNotification No.111/2017 Customs (N.T.)
Appointment of Common Adjudicating Authority
Read MoreNotification No.RBI/2017-18/103
Reporting of Transactions by agency banks to RBI
Read MoreIndian companies in Germany generated 11.4 bn euro revenue in 2016
Around 80 Indian companies in Germany generated combined revenues of 11.4 billion euro (around Rs 87,506 crore) and employed a total workforce of 27,4
Read MoreIBM touches new high, becomes number 1 tech firm, here is how
International Business Machines (IBM) has touched a new high in India. The tech major has crossed the $5 billion in revenue mark here. It has been lea
Read MoreCoal India Limited?s supply to power plants rises 9% to 290 MT in April-November
State-owned CIL today said its coal supply to power plants increased by 9.2 per cent to 290.59 million tonnes (MTs) in the first eight months of the c
Read MoreIndian healthcare market to hit $372 billion by 2022, says Assocham
India?s healthcare market may see threefold jump in value terms to $372 billion by 2022, driven by growing incidence of lifestyle diseases and rising
Read MoreSingapore proposes changes to key financial benchmark SIBOR
Singapore published proposals on Monday to improve the way it calculates a key money market rate that is widely used to price various banking products
Read MoreFIIs invested $3 billion in equities in November, the highest since March
Foreign institutional investors (FIIs) invested $3 billion in Indian equities in November, the highest since March, but are likely to take further cue
Read More10-year bond yield hits fresh 15-month high ahead of RBI policy meet
The 10-year bond yield on Monday hit a fresh fifteen-month high at 7.1% ahead of the Reserve Bank of India?s (RBI) bi-monthly policy decision this we
Read MoreDouble digit loan growth possible next year, says HDFC Bank
The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit av
Read MoreBombay HC dismisses FTIL's plea challenging its forceful merger with NSEL
Shares of 63 Moon Technologies (formerly known as Financial Technologies or FTIL) cracked 5 per cent in Monday's trade after the Bombay High Court dis
Read MoreChina says 2018 growth target to reflect new changes in economy
China?s economic growth target for 2018 will reflect new changes in the economy as the government put more emphasis on higher quality development, the
Read MoreInvestors unsure euro zone growth to stay strong in 2018: Sentix
Investor sentiment in the euro zone fell more than expected in December, research group Sentix said on Monday, adding that the fall was no reason for
Read MoreIndia's GDP should have been back at 9%, says Kaushik Basu
With oil prices so low, India's economic growth should have been back at over 9 per cent, Former Chief Economist at World Bank Kaushik Basu said today
Read MoreRetail inflation to firm up further in coming months: Experts
CPI inflation is expected to firm up in the coming months driven by cyclical recovery in the economy and further implementation of pay commission-rela
Read MoreRBI likely to keep interest rate on hold for 2nd time in a row
The Reserve Bank is likely to keep the key rate unchanged on Wednesday and stay focused on inflation control as the rebound in September quarter GDP g
Read MoreDesi CAs in great demand as UAE looks to implement VAT
Indian chartered accountants (CAs), who have gone through the rigour of interpreting and implementing the Goods and Services Tax (GST), dubbed the mos
Read MoreUK economy to remain sluggish, says CBI
The business group says growth will be "tepid" amid Brexit uncertainty, while household spending will remain under pressure from squeezed wages.The CB
Read MoreGold futures fall by Rs 198 on profit-booking, global cues
Gold prices fell by Rs 198 to Rs 29,197 per 10 grams in futures trade today due to profit booking by participants at prevailing high levels amid weak
Read MoreCopper prices to trade higher: Angel Commodities
LME Copper prices fell by around 3 percent last week as China?s state planner announced that it will check local governments' investment in railway pr
Read MoreCrude Oil prices to trade lower: Angel Commodities
WTI and MCX oil prices traded lower last week by 2.27 and 1.5 percent while MCX oil prices declined 2.3 percent in the same time frame. Prices extend
Read MoreHow the new financial regulation law will affect the banking sector
Are the savings people slowly accumulate in their bank accounts safe? This question seems inherently counter intuitive. Banks are always associated wi
Read MoreCorporate overseas borrowings at 3-year high in October
Corporate loan demand in October shrugged off the sluggishness of nearly three years, offering more evidence of a gradual pickup in the economy. Corpo
Read MoreOppo?s India sales jump over 750 per cent in FY17
Oppo Mobiles has surpassed Micromax, the largest homegrown mobile maker, and Sony, the biggest Japanese electronics firm by revenue, after its sales g
Read MoreIndia Inc must adapt to ?shifts happening in manufacturing?
If India?s march into the 21st century led by its services industry is perceived as a proud accomplishment, think again. It may not be enough to sust
Read MoreEconomy may grow by over 6.5% in FY-18, says Arvind Panagariya
Noted economist and former vice chairman of Niti Aayog, Arvind Panagariya expects the economy to grow by over 6.5 per cent in the current financial ye
Read MoreMedia industry likely to grow at 12% by 2022
The Indian media and entertainment (M&E) industry would nearly double in size by 2022, clocking 11-12 per cent CAGR between 2016 and 2022. The industr
Read MoreIndia contributes 32% to Honda's two-wheeler volume
Honda Motorcycle & Scooter India (HMSI) has not only been strengthening its dominance in the domestic market but has also been steadily increasing its
Read MorePensioners, India Inc may get tax breaks in Budget
The political message of Union Budget 2018-19 is expected to be consolidating the gains from the big-ticket changes of the past three years rather tha
Read MoreGreece, lenders reach deal on reforms under bailout review
Greece and its euro zone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout program, a move that c
Read More8 PSU banks to raise capital from market by March
As many as eight public sector banks (PSBs) have decided to raise capital from the market within four months as part of the Rs. 2.11 lakh crore recapi
Read MoreExporters file over 10k applications for GST refunds
With over 10,000 applications for refunds filed by exporters till November, the GST Network today asked exporters to ensure that the claims do not exc
Read MoreRBI defaulters list number 2: Lenders willing to take haircuts of 50-60 pct than risk firms? liquidation
Banks are veering around to the view it might be better to clinch one-time settlements (OTS) with defaulting companies ? on the Reserve Bank of India?
Read MoreDLF board okays plan to infuse Rs 11,250-cr equity
The board of the country?s biggest real estate company, DLF Limited, on Friday approved the issue of debentures and warrants to promoters in lieu of a
Read MoreChina's debt crackdown hits cash loan providers
Executives from Chinese companies specialising in offering consumers small, easy-to-get loans became something of a fixture on Wall Street this year.
Read MoreSamsung to chase big M&A deals on three fronts, says strategy chief
Samsung Electronics? $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase
Read MoreGold inches up as dollar weakens after US Senate tax bill stalls
Gold prices edged higher early Friday, after marking a 3-1/2 week low in the previous session, as the dollar weakened slightly after the progress on U
Read MorePanel set up by government for more GST tweaks
A panel of industry representatives is set to recommend a fresh set of changes in the goods and services tax (GST) to make life easier for businesses.
Read MoreWhy RBI should ignore calls for a rate cut
The September quarter GDP numbers weaken the case for a rate cut by the central bank. Calls for reducing interest rates had started even before the ec
Read MoreAU Small Finance Bank in pact to sell mutual fund schemes
AU Small Finance Bank has entered into an agreement with Asset Management Companies (AMCs) to distribute their mutual fund schemes, a release from the
Read MoreBali's economic losses mount as volcano rumbles
The rumbling, ash-spewing volcano on the eastern edge of Bali is sending shock waves through the local economy. Major and minor conventions are being
Read MoreEconomy still at risk, warns ECB
Strong house price growth, Brexit, and an overreliance on multinational corporations pose significant risks to the Irish economy, European finance off
Read MoreChallenges in global economic recovery call for better economic governance
While the global economy is back on track, problems still remain and an improved economic and financial governance system is needed globally for preve
Read MoreRebound in GDP growth to continue, says Bibek Debroy
A day after GDP data showed Indian economy has entered the revival lane, EAC-PM Chairman Bibek Debroy said the trend will continue in coming quarters
Read MoreSEBI ratchets up governance standards for mutual funds
Like the record inflows they are receiving, SEBI wants domestic mutual funds to take their governance standards a notch higher too. The regulator has
Read MoreMinimum holding norm for mid-cap MFs can bring Rs.19,000 cr into market: CLSA
Watch out for mid-cap companies such as Godrej Properties, Crompton Consumer, Astral, Jubilant and Arvind, says CLSA Asia Pacific Markets in a report
Read MoreIndian renewable players eye overseas market for growth
The slowdown in tendering of the solar and wind projects in the past few months despite government?s target of achieving 175 GW renewable capacity by
Read MoreRacold in expansion mode, to tie up with Flipkart
Racold Thermo, part of the Italian firm Ariston Thermo Group, is expanding its footprint to mini-metros, tier II and III towns to offset disruptions i
Read MoreA takeover battle that left 2 shipyard giants floundering
A grand plan that had created waves seven years ago featured aggressive bidding by two shipyard giants, Bharati Defence and Infrastructure (earlier
Read MoreRetailers go to small towns for big growth
In the September quarter, Kishore Biyani-led Future Retail opened its hypermarket Big Bazaar at Hajipur in Bihar, Puri in Odisha, and Raigarh in Chhat
Read MoreNissan sues India for $770 mn
Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incent
Read MorePMI manufacturing at 13-month high
Manufacturing activity grew at a 13-month high last month, due to cuts in goods and services tax (GST) rates and a pick-up in new orders, showed the N
Read MoreNovember was best month for euro zone factories in over 17 years: PMI
Euro zone factories had their busiest month for over 17 years in November in a broad based acceleration, a purchasing managers? index showed, despite
Read MoreOil prices rise after OPEC extends output curbs
Oil edged up today after OPEC and other major producers agreed to continue reining in output until the end of next year to try to reduce the global oi
Read MoreEmerging markets debt is so hot, some investors can?t get enough
In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan?s sovereign bond or Iraq?s first sovereign debt sal
Read MoreTata Steel to take 74% in BPPL for Rs 255 cr
Tata Steel will acquire 74 per cent stake in Bhubaneshwar Power Private Ltd (BPPL) from JL Power Ventures Private Ltd for Rs 255 crore to ramp up its
Read MoreRetail inflation for industrial workers up 3.24% in October
Retail inflation for industrial workers has risen marginally to 3.24 per cent in October mainly account of surge in price of food items. ?The year-on-
Read MoreCBDT signs first ever two Indian APAs with Netherlands in Nov-2017
The Central Board of Direct Taxes (CBDT) has entered into 2 Bilateral Advance Pricing Agreements (APAs) during the month of November, 2017. These Agre
Read MoreAnil Agarwal says, Vedanta to invest $9 bn in India; says to create 10 lakh jobs
Having so far invested around $33 billion in India, mainly in the natural resources space, NRI billionaire Anil Agarwal-led Vedanta Resources has chal
Read MoreForex kitty claws back to $400bn mark
The country's foreign exchange reserves reclaimed the $400-billion mark again, rising by $1.2 billion to touch $400.7 billion in the week to November
Read MoreCBDT shoots off letter to taxmen, says don?t go overboard on fishing and roving inquiries in wake of demonetisation drive
The Central Board of Direct Taxes (CBDT) has sent a missive to all assessing officers (AOs) to stick to protocol while pursuing cases of ?limited scru
Read MoreCar sales in November boom, double-digit growth lodged, but there is a catch
Auto sales boomed in November with all the major passenger vehicle players reporting double-digit growth largely due to a low base as last year during
Read MoreGood news! EPF cover wage limit to be raised from Rs 15,000 to Rs 21,000
The government is set to raise the monthly wage ceiling for mandatory Employees? Provident Fund (EPF) cover to Rs 21,000 from Rs 15,000 at present, a
Read MoreBuoyed by September GDP, IMF to update India's growth rate forecast in January
The International Monetary Fund (IMF) on Friday said it will update its growth rate forecast for India in January. Recently, the US-based Moody's upg
Read MoreIndian stock market overtakes Canada in $2 trillion standoff
India is now home to the world?s eighth-biggest stock market, overtaking Canada for the first time in almost a decade. The score: India $2.29 trillion
Read MoreBitcoin pauses below record peak; gained 55 percent in November
Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 percent from an all-time high hit this week as some money managers
Read MoreGold prices slump by Rs120 on lacklustre demand, global cues
Gold prices declined by Rs120 to Rs30,400 per 10 grams on Thursday, mostly on account of slackened demand from jewellers and weak global cues. Silver
Read MorePhilippines Needs New Drivers to Modernize Economy
Foreign trade and investment have grown relatively fast during the Duterte administration. Known as a pragmatic leader, Philippine President Rodrigo D
Read MoreZimbabwe will need international effort to restore economy: IMF
It will take a major international effort to restore Zimbabwe's battered economy, and the International Monetary Fund is prepared to help, a fund spok
Read MoreJapan inflation ticks up, jobless rate at 2.8% in October
Japan reports its core inflation rate rose 0.8 percent in October, a slight increase from the month before, while the jobless rate remained steady at
Read MoreFarm growth in Sept quarter muted at 1.7 % on high base, kharif fall
Agriculture and allied activities grew at a slower pace in the second quarter of 2017-18 as compared to the same period last year, and also sequential
Read MoreTrai proposes ways to ease doing of business in telecom sector
To improve ease of doing business, the Telecom Regulatory Authority of India (Trai) has proposed some new measures. These include approval to a merged
Read MoreIndia?s economic growth recovers to 6.3% in July-Sept
India?s economic growth rebounded in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething tro
Read MoreFrance?s Altran Tech buys Aricent for $2 billion
French engineering, research and development (ER&D) company Altran Technologies SA has acquired US design and engineering services firm Aricent Inc. a
Read MoreRBI likely to maintain status quo in December
The Reserve Bank of India?s (RBI?s) six-member monetary policy committee (MPC) is unlikely to tinker with the policy rate on the December 5-6 review,
Read MoreAssam woos investors; targets upto Rs 30,000 cr funds in 2 yrs
The Assam government invited investors to tap investment opportunities in the state and targets investment of Rs 20,000 crore to Rs 30,000 crore in ne
Read MoreMaharashtra?s IT sector attracts over Rs.5,100-crore investments
The Maharashtra government has managed to attract investments worth more than Rs.5,100 crore in Information Technology and Rs.829 crore in Information
Read MoreMNCs find there?s something about desi brands
In 1993, when Coca-Cola acquired domestic brand Thums Up, it had intended to sideline it in favour of its own flagship cola. But the strategy did not
Read MoreFPIs bet big on consumption space, invest Rs 9,000 crore in September quarter
Foreign portfolio investors (FPI) are still raising their wagers on the consumption theme, although on the macro level they have trimmed exposure to I
Read MoreSmall euro zone inflation rise matches ECB expectations of coming dip
Euro zone inflation rose less then expected in November, indicating that price growth remains weak and reinforcing European Central Bank expectations
Read MoreFrance's Altran to buy US group Aricent for $2 bn
Altran, a global leader in Engineering and R&D services (ER&D) has entered today through its subsidiary Altran US, into a definitive agreement to acqu
Read MoreIndia pips Canada, becomes eighth biggest equity market in the world
With stocks rallying on the back of strong fund flows, India surpassed Canada to become the eighth-biggest equity market in the world on Thursday. It
Read MoreIndia Inc raises record Rs 49,000 cr via QIPs: Prime Database
The total amount raised by companies through the qualified institutional placement (QIP) route has hit a record high in 2017, crossing Rs 49,000 crore
Read MoreIndia Inc's foreign borrowings up over 2-fold at $4.4 bn in October
Borrowing by India Inc from foreign sources jumped more than two times from a year ago to USD 4.4 billion in October this year, data from Reserve Bank
Read MoreRupee falters on fiscal deficit, oil concerns; down 15 paise
Reversing its spectacular three-day rally, the rupeedropped 15 paise to close at 64.46 a dollar on growing concerns with regard to fiscal deficit and
Read MoreHome loan growth down, shows RBI data
Growth in mortgages in the banking sector slipped to 11.4% year-on-year (y-o-y) in October from 12.8% in September, data released by the Reserve Bank
Read MoreM&M, Renesas tie up for Formula E, electric cars development
Mahindra & Mahindra today announced a strategic partnership with Renesas, a supplier of advanced semiconductor solutions, under which the latter will
Read MoreAmazon JV Cloudtail India FY17 turnover rises 24%
E-commerce firm Amazon India?s largest seller Cloudtail India posted Rs 5,688-crore turnover for the year ended March 2017, a 24% increase from Rs 4,5
Read MoreRCom claims all 31 lenders oppose China bank's insolvency plea
Anil Ambani-led RCom today claimed that a majority of its lenders are opposing China Development Bank's (CDB) decision to initiate insolvency proceedi
Read MorePiramal Enterprises acquires Digeplex from Shreya Lifesciences
Piramal Enterprises has announced that they would be acquiring Digeplex and the associated brands from Shreya Lifesciences for an undisclosed sum in o
Read MoreJohn Chambers picks up 10% stake in Uniphore Software Systems
John Chambers, executive chairman of Cisco Inc. and chairman of the recently-formed US-India Strategic Partnership Forum (USISPF), has picked up a 10%
Read MoreCement, steel, refinery drag down core sector growth to 4.7% in Oct.
Eight core sectors grew at a slower pace of 4.7% in October, chiefly due to subdued performance of cement, steel and refinery segments.The eight infra
Read MoreOil Gains for Third Straight Month as OPEC Extends Supply Curbs
Oil posted its longest streak of monthly gains since early 2016 after an OPEC-led coalition of major crude producers followed through on a much-antici
Read MoreIFC sees $3.1-trillion business opportunity in green ventures
India?s ambitious plans to meet its climate targets under the Paris Agreement on climate change offer a $3.1 trillion investment opportunity by 2030 i
Read MoreGDP Growth Recovers to 6.3% in September Quarter
India?s GDP growth recovered to 6.3% in the July-September 2017 quarter on the back of revival in manufacturing activity after falling to 5.7% in the
Read MoreIFC invests $15 million in CleanMax Solar
International Finance Corporation (IFC) has made an equity investment of $15 million in CleanMax Solar. This is IFC?s first equity investment globally
Read MoreSebi framing algo trading rules for retail investors
The Securities and Exchange Board of India (Sebi) plans to introduce rules on the participation of retail investors in algorithmic trading, a system w
Read MoreGold holds near one-week low as stronger US economy data weighs
Gold on Thursday held close to a one-week low hit in the previous session, pressured by upbeat U.S. growth data for the third quarter and Federal Rese
Read MoreUber signs partnership with Vietnam?s leading e-wallet MoMo
Uber Technologies Inc. today signed a deal with MoMo, Vietnam?s leading financial technology firm, enabling Uber riders to pay for trips using MoMo?s
Read MoreM&M to hike stake in financial services arm, invest Rs 1,055 crore
Mahindra & Mahindra today said it will increase holding in its arm Mahindra & Mahindra Financial Services Ltd (MMFSL) to 53.25 per cent through acquis
Read MorePE firms can now promote insurance companies, but with a lock-in of 5 years
Insurance Regulatory and Development Authority of India (IRDAI) on Wednesday approved a proposal to allow private equity (PE) firms to promote insuran
Read MoreChina November official factory PMI rises to 51.8, beats forecasts
Growth in China?s manufacturing sector unexpectedly picked up in November, despite a crackdown on air pollution and a cooling property market that hav
Read MoreUS third-quarter economic growth raised to 3.3%
The US economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment
Read MoreJapan October industrial output rebounds, manufacturers see good times ahead
Japan?s industrial output rose less than expected in October, but companies forecast production to rise strongly in November and December as robust o
Read MoreChina's overseas investments still have large growth potential - state planner
China?s overseas investments still have relatively large growth potential, despite challenges stemming from growing protectionism in some markets, the
Read MoreBOK raises interest rate for first time in six years
South Korea?s central bank raised interest rates for the first time in more than six years on Thursday, yet tempered market expectations for more by
Read MoreIGST refunds: Exporters claim Rs 6500 cr in July-October period
The government on Wednesday said the exporters claim for integrated goods and services tax (IGST) refund amounted to Rs 6,500 crore for the July-Octob
Read MoreIndia Jul-Sep 2017 GDP growth may break out of 5-quarter slide; data out later today
India?s GDP growth at 5.7% in the first quarter did not come as a surprise as the country was still reeling under the self-imposed noteban and massive
Read MoreIdeal growth rate for India is 8-10 per cent: Arvind Subramanian
The growth in gross domestic product (GDP) dipped to 5.7% in the first quarter of financial year 2017, coming to a three-year-low. However, the ideal
Read MoreAllahabad Bank cuts MCLR by 5 basis points
Allahabad Bank has cut its reference rate, MCLR, for various tenors by 0.05%, which will be effective from 1 December. It said in a regulatory filing
Read MoreU.K. and EU Agree on Outline Brexit Bill as Irish Block Remains
U.K. and the European Union negotiators reached an outline deal on the Brexit divorce bill, clearing a hurdle in negotiations and ramping up pressure
Read MorePE-backed Shriram Properties to acquire stressed residential projects
Shriram Properties is looking to buy stressed residential projects with 50 per cent of its portfolio in the coming years. The real estate arm of Rs 1
Read MoreNokia expands Bengaluru R&D centre
Finland?s telecom network equipment maker Nokia said it was expanding its research and development centre in Bengaluru to focus on next-generation tec
Read MoreSBI raises bulk deposit rate by 1 percentage point
State Bank of India (SBI) raised interest rates on bulk deposits by 1 percentage point in certain categories, effective Thursday. India?s largest lend
Read MoreNearly 70% of stressed SMEs face liquidation
Around 70 per cent of small and medium enterprises (SMEs) undergoing insolvency proceedings face liquidation, as their promoters are the only ones pre
Read MoreMore tweaks likely to GST rules
After reducing the rates of more than 200 items in the previous goods and services tax (GST) Council meet, the panel might now significantly tweak ru
Read MoreIndia and Singapore ink naval pact
India and Singapore on Wednesday inked a naval pact to majorly crank up their maritime security cooperation with access to each other's bases, while
Read MoreEuro zone sentiment booms, inflation expectations grow
Euro zone economic sentiment rose in November for the sixth consecutive month to its highest level in more than 17 years, data from the European Commi
Read MoreUber?s Q3 net loss widens to $1.46 billion
Uber?s quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles a
Read MoreOPEC, Russia head for oil cut extension but wary of overheating market
OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this week while signaling that they may review the deal when they meet again
Read MoreSIP catches investors' fancy, garners over Rs 5,600 cr in Oct
Systematic investment plan (SIP) continued to be the most favoured option among retail investors for investing in mutual funds, with the industry garn
Read MoreMorgan Stanley Marks Up Flipkart Valuation To $9.36 Bn
Morgan Stanley, one of its mutual fund investors, has marked up the valuation of homegrown ecommerce behemoth Flipkart to $9.36 Bn for the quarter end
Read MoreTo taxpayers? relief, SC orders CBDT to apply this circular on tax cases retrospectively
The Supreme Court in a judgment last week clarified that the circular issued by Central Board of Direct Taxes (CBDT), which mandates that no appeal wi
Read MoreADB approves $500-mn loan for rural roads in five states
Multilateral funding agency Asian Development Bank (ADB) on Wednesday said it will provide a $500 million loan to improve rural road connectivity in f
Read More?Municipalities may raise Rs 6,000 cr from bonds?
Issuance of municipal bonds is expected to gather steam over the next three financial years with about Rs 6,000 crore expected to be raised through mu
Read MoreGovernment to issue recapitalisation bonds in December
The first tranche of recapitalisation bonds will be issued in December through a ?liquidity-neutral? model whereby public-sector banks (PSBs) sell the
Read MoreBitcoin surges past $11,000 as bubble warnings can?t cool market
Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year?s price surge to almost 12-fold as buyers shrugge
Read MoreCo-op & rural banks buckle under Rs 4,200cr NPA
Madhya Pradesh district cooperative and rural banks are saddled with a back-breaking Rs 4,200 crore in non-performing assets (NPAs) and the state acco
Read MoreUK banks could handle 'disorderly Brexit'
For the first time since the financial crisis, all of the UK's biggest lenders have passed the Bank's stress tests.The tests of adverse economic scena
Read MoreHosting of Draft Bank Branch Auditors? Panel for the year 2017-18
Draft Bank Branch Auditors? Panel of Chartered Accountants/firms for the year 2017-18
Read MoreAnalysts forecast better Q2 show with a GDP print of 6.4%
Analysts are expecting an higher dataprint for the September quarter GDP that will be announced tomorrow, with some of them pegging it at 6.4 per cent
Read MoreHow Zimbabwe gets out of its economic nightmare
The political dust surrounding Robert Mugabe?s exit as leader of Zimbabwe last week may be settling but, arguably, an even bigger task awaits the coun
Read MoreSaudi Arabia's SABIC to spend $3-$10 billion in acquisitions over next five years
Petrochemical producer Saudi Basic Industries Corp (SABIC) plans to spend between $3 and $10 billion on acquisitions over the next five years in spec
Read MoreDon't ignore rising risk in German economy, Bundesbank warns
Germany?s economy is facing a host of risks -- from high real estate prices to weak banks -- but investors may be ignoring vulnerabilities given the c
Read MoreHedge funds double down on curve flattening, bearish dollar bets
Hedge funds have found it hard to make money this year trading bonds and currencies, but as 2017 draws to a close they look to be relying on a tIf rec
Read MoreIndian bond yields to remain range-bound on two-way action: DBS
Indian ten-year bond yields will remain range-bound as they face two-way action in the near-term, the DBS Group said, adding that government?s plan to
Read MoreADB investment programme of $500 million to improve rural roads in five Indian states
Asian Development Bank (ADB) has approved a multi-tranche financing facility (MFF) for the second Rural Connectivity Investment Programme totaling $50
Read MoreIndia's growth set to end 5-quarter slide, say economists
Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, with demand picking up modestly as the e
Read MoreHow rising FDI may help rupee to stabilise
Foreign direct investment (FDI) inflows could help curb any volatility in the Indian currency market when the likely tightening in US interest rates n
Read MoreStrict FDI rules take a toll on Amazon?s largest seller Cloudtail
Amazon India?s largest seller Cloudtail crossed the Rs 5,000 crore sales mark in the year to March but growth tapered off significantly, indicating it
Read MoreRise in G-Sec yields perplexing: SBI report
The rise in government security (G-Sec) yields defies logic despite the government announcing buyback of securities and the central bank cancelling op
Read MoreAI and IoT are Samsung?s new tools to connect with Indian consumers
As smartphones move on to the next level of innovation ruled by Artificial Intelligence (AI) and Internet of Things (IoT) technologies, Samsung is fas
Read MoreOECD Warns Markets Too Optimistic as Global Economy Peaks
The OECD cautioned investors that asset prices have gotten too high for a global economy that is set to peak next year and a market downturn could put
Read MoreArby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion
Arby?s owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc (BWLD.O) for $2.4 billion, adding to its growing portfolio of U.S
Read MoreIndia's chemical industry to hit $300 bn by 2025: Govt
India's chemical sector is expected to double its size at USD 300 billion by 2025, clocking an annual growth rate of 8-10 per cent per, the government
Read MoreOPEC heading for oil cut extension with a caveat
OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018 but with an option to review the deal in June, OPEC sources
Read MoreRupee hits new 2 month high of 64.41, up 9 paise
The rupee gained further ground against the US currency and finished at a new two-month high of 64.41, appreciating by 9 paise after sustained dollar
Read MoreMerger and Acquisition: Raft of proposals awaiting CCI?s nod
A number of companies, such as Alibaba Singapore, Canada Pension Plan Investment Board and IndusInd Bank, have sought clearances from the Competition
Read MoreGST collections drop sharply, CBEC puts transitional credit under scanner
A sharp decline in the Goods and Services Tax (GST) collections in October has prompted the Central Board of Excise and Customs to assess the business
Read MoreLiquidity dries up on RBI's sterilisation drive, govt cash balances
Liquidity in the system is slowly drying up as the Reserve Bank of India (RBI) pursues an aggressive sterilisation exercise at a time the government h
Read MoreSingapore's DBS Bank lowers India's FY18 GDP growth to 6.6%
Singapore's DBS Bank today lowered India's GDP growth forecast for current fiscal to 6.6 per cent from the previous 6.8 per cent, citing that business
Read MoreIncome tax notices to 1.16 lakh for cash deposit of over Rs25 lakh post demonetisation
The Income Tax (I-T) department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs25 lakh in bank accounts
Read MoreRCom to sell DTH arm Reliance BIG TV to Pantel, Veecon Media
Anil Ambani-led Reliance Communications (RCom) on Tuesday said that it will sell its direct-to-home (DTH) subsidiary Reliance BIG TV Ltd to Pantel Te
Read MoreNTPC to buy stressed power units via reverse bidding
NTPC, the largest thermal power generating company in the country, might be the white knight the languishing power sector has been looking for. The st
Read MoreLodha group raises $125 mn to repay costlier debt
Leading real estate firm Lodha group has raised an additional $125 million through bonds to pre-pay its costlier debt and reduce interest expense. Mum
Read MoreJaiprakash Associates completes restructuring of $150 mn FCCBs
Debt-ridden Jaiprakash Associates has completed the exercise to exchange its USD 150 million foreign currency convertible bonds (FCCBs) due this year
Read MoreNobody owns the Net: Trai backs open access
Within days of the Federal Communications Commission (FCC) proposing a plan to dismantle the existing net neutrality regulations in the US, the Teleco
Read MoreNotification No.RBI/2017-18/102
Auction of Government of India Dated Securities
Read MoreCircular No. 1060/09/2017-CX
Procedure for manual disbursal of budgetary support under Goods and Service Tax Regime to the units located in States of Jammu & Kashmir, Uttarakhand,
Read MoreCircular No.47/2017-Customs
Drawing of samples for the purpose of grant of drawback.
Read MoreCircular No.46/2017-Customs
Circular No. 46/2017 dated 24.11.2017, Applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse. -reg.
Read MoreNotification No. 90 /2017 Customs
[F.No.DGEP/G&J/36/2017]
Read MoreNotification No. 89 /2017 Customs
Seeks to further amend notification No. 50/2017-Customs so as to amend the condition with regard to provisional mega power projects and permit proport
Read MoreRevision in the fees of auditors of Regional Rural Banks
Revision in the fees of auditors of Regional Rural Banks
Read MoreWorld economy growing faster than in years, but not for long
The world economy is growing faster than it has in seven years and more people are working ? but the high growth isn't expected to last long.That's ac
Read MoreMoody's paints a rosy picture about non-life sector
Non-life insurance sector is likely to maintain its double digit growth over the next three to four years, aided by a higher economic expansion and in
Read MoreI-T Dept may tax unsold realty inventories to curb hoarders
The Income Tax Department may levy a fresh tax on the unsold inventories in the real estate sector from the next financial year to check hoarding, Bus
Read MoreI-T notices to 1.16 lakh for cash deposit of over Rs 25 lakh
The Income Tax Department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post
Read MoreGoldman calls outcome of upcoming OPEC meeting uncertain
The outcome of the OPEC meeting in Vienna later this week is uncertain given current crude prices and a lack of consensus on an output cut extension d
Read MoreBank of Japan's Kuroda calls for steps to develop Asia bond market
Bank of Japan Governor Haruhiko Kuroda on Tuesday said there was a need to develop a vibrant bond-financing market in Asia to diversify sources of fun
Read MoreStruggling companies signal a slow recovery for Indian growth
An assessment of Indian companies shows Asia's No. 3 economy is far from full strength, even as GDP growth is poised to recover from a three-year low.
Read MoreMorgan Stanley says private investment to recover next fiscal
The much awaited recovery in private investment will start in the next fiscal due to an improvement in demand, recovery in corporate balance sheets an
Read MoreGovernment expects RBI rate cut before March: Finance Ministry
Impatient for faster economic growth, India's government is lobbying for a reduction in official interest rates in coming months as it expects inflati
Read MoreChina, world?s second-largest economy, on long-term slowdown, economists see GDP growth decelerating to 6.4% in 2018
Confidence among China?s sales managers and steel producers waned in November, matching the mood among international investors, while sentiment among
Read MoreSchaeffler to invest Rs 200 cr to set up new unit in Pune
Industrial and automotive component supplier Schaeffler AG today announced an investment of Rs 200 crore to set up a manufacturing unit at Talegaon, P
Read MoreMeredith to buy Time, publisher of People and Sports Illustrated magazines in $2.8bn deal
US media company Meredith said on Sunday it will buy Time, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84bn (?1.37bn) a
Read MoreCoal import may see further dip on self-sufficiency push
Global rating agency Fitch has said Indias dependency on imported coal may continue to decline as the government moves ahead on the path of self- suff
Read MoreIndia's gold imports to jump to over 700 tonnes in FY18: GJEPC
India's gold imports will jump to over 700 tonnes in the current fiscal as against 500 tonnes in 2016-17, a top industry association said on Monday. A
Read MoreBanks' credit provisions to rise to Rs 2.4-2.6 lakh cr for FY18: Icra
Banks credit provisions are likely to surge to Rs 2.4-2.6 trillion in fiscal 2018 compared to Rs 2 trillion last year due to provisioning for IBC acco
Read MoreFundraising via debt placement dips 37% to Rs44,000 crore in October
Indian companies raised over Rs44,000 crore in October through private placement of corporate bonds, down 37% from the year-ago level, for business ex
Read MoreFPIs continue to lap up investment limits
Foreign portfolio investors (FPIs) continue to show interest in central government securities even as they acquired all the available limits during Mo
Read MoreMahindra CIE on acquisition hunt in Korea to gain access to Hyundai Motor, Kia Motors business
Auto components maker Mahindra CIE is on the lookout for acquiring an auto component company in Korea, through which it expects to gain access to play
Read MoreAsian Development Bank to extend $20 bn loan to India over 5 years
Multi-lateral funding agency Asian Development Bank (ADB) today said it will raise annual funding to India up to $4 billion from existing $2.7 billion
Read MoreGDP growth likely to improve to 6.2% in Q2: Ficci
India's GDP growth rate is expected to rise to 6.2 per cent in the second quarter of the current fiscal as the adverse impact of demonetisation and GS
Read MoreGST collections dip in October to Rs 83,346 crore
GST collections in October slipped to Rs 83,346 crore, from over Rs 92,000 crore last month, as taxes on most commodities have come down. The total co
Read MoreBig blow to Essel Highways as Goldman Sachs freezes $220 mn in financing
Goldman Sachs is withholding the second tranche of the $220-million financing it had committed to Essel Highways, an arm of Essel Infraprojects, about
Read MoreCBDT relaxes norms for MAP & APAs
The income tax department will continue to receive applications for bilateral advance pricing agreement (APA) and mutual agreement procedures (MAP) fr
Read MoreGlobal aluminium prices to stay firm on China closures, European demand
The closure of excess aluminium smelter capacities and a pick up in demand for the metal in the European markets would support higher prices in the re
Read MoreGovt eases transfer pricing dispute settlement
In a move to reduce litigation and boost investor confidence, the central government has decided to allow access to a bilateral forum for transfer pri
Read MoreAllianz plans to buy rest of Euler Hermes for ?1.85 billion
German insurer Allianz plans to buy the shares in credit insurer Euler Hermes it does not yet own for around ?1.85 billion. Allianz said that it stru
Read MorePSBs may face Rs 40,000-cr loss due to bad loans
Commercial banks wrote off about Rs 35,000 crore of bad loans in July-September, taking write-offs to Rs 65,800 crore in the first half of the financi
Read MoreBottling arm of Coca-Cola India eyes $2.5-billion sales
Hindustan Coca-Cola Beverages (HCCB), the bottling unit of Coca-Cola India, on Monday said it was aiming a turnover of $2.5 billion (Rs 16,250 crore)
Read MoreITC lines up Rs 10,000-cr investment to boost food processing business
Cigarettes to fast-moving consumer goods (FMCG) firm ITC on Monday said it would invest around Rs 10,000 crore in the coming years to strengthen its b
Read MoreI-T dept moves against hoarders: Unsold realty inventory may be taxed
In a bid to curb hoarding of unsold inventories by real estate developers, the income-tax (I-T) department is set to tax unsold flats that have been l
Read MoreWhat the central banks are saying about cryptocurrencies
Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital cu
Read MoreEssar sells Aegis to CSP for $300 mn
Essar Global on Monday said it has sold the business process outsourcing (BPO) company Aegis to Singapore-based investment firm Capital Square Partner
Read MoreMeredith to buy U.S. publisher Time in Koch-backed deal
U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 bi
Read MoreOil slips on U.S. drilling but OPEC cuts support market
Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output. Losses were limited though as expectations
Read MoreBitcoin heads for $10,000 as cryptocurrency mania intensifies
Bitcoin is showing no signs of slowing down, blowing past $9,000 less than a week after topping $8,000 and now quickly closing in on five big figures.
Read MoreAshok Leyland and Hino Motors (Japan) to renew partnership for Euro VI Engines
Ashok Leyland and Hino Motors Ltd. Japan on Monday entered into a Mutual Cooperation Agreement (MCA) where Ashok Leyland will use Hino?s engine techno
Read MoreInternational Economic Week In Review: Global Growth Continues
Good news continues. The ECB's latest analysis of the EU economy shows a region with an accelerating expansion. Australia is growing as well. Although
Read MoreMiddle East instability won't deter investment in Abu Dhabi's diversification, says wealth fund chief
Uncertainty and instability have always existed in the Middle East, and won't disrupt Abu Dhabi's growth, the CEO of the emirate's sovereign wealth fu
Read MoreChina's debt is growing at a faster pace despite years of efforts to contain it
For years China's top officials have touted their ambitious policy priority to wean the world's second-largest economy off high levels of debt, but th
Read MoreSouth Africa to outline 'decisive' policy in 2018 after debt rating cut
South Africa will use its annual budget next year to outline "decisive" policy to strengthen its fiscal framework, the finance ministry said on Saturd
Read MoreCoal crisis may intensify, non-power consumers likely to be worst hit
With rising concern on the use of petroleum coke and restrictions on its usage in certain parts of the country, the coal crisis may intensify in the n
Read MoreGold stuck in a range
It was another volatile and a range-bound week for gold. The yellow metal fell sharply on the first trading day of the week to make a low of $1,274.6
Read MoreBalderton Capital completes new $375 million European technology fund
Balderton Capital has closed to new investors a new, $375 million fund dedicated to European technology start-ups, marking one of the year?s largest s
Read MoreMorgan Stanley sees all growth drivers in place by FY-19 in India
Global firm Morgan Stanley has time and again reiterated its bullishness on the Indian economy, saying that the country is slated to see tremendous gr
Read MoreGovernment is keen to meet FY18 deficit target
The government is keen on sticking to the fiscal deficit target for the year and will look for ways to make up for any revenue shortfall that could hi
Read MoreFinance ministry okays LIC?s Rs 1.5 lakh crore funding of Indian Railways
Life Insurance Corporation of India can now go ahead with its proposed Rs 1.5 lakh crore funding of the Indian Railways, with a finance ministry clari
Read MoreMyntra inches closer to profitability; sets target to reach $2.7-billion GMV run rate by FY19-end
Online fashion marketplace Myntra is inching closer to profitability in the current financial year, underpinned by robust topline growth at group enti
Read MoreAurobindo Pharma sets sights on East Europe for inorganic growth
Hyderabad-based Aurobindo Pharma is looking at inorganic growth opportunities in Eastern Europe and other geographies for deeper market penetration an
Read MoreUK businesses have tremendous opportunities in India
With tremendous opportunities for the taking, majority of British companies are looking to increase their investments in India even as there are areas
Read MoreSIP inflows up 48% till October
The money coming into mutual fund (MF) schemes through systematic investment plans (SIP) has seen a 48 per cent jump this financial year. In the first
Read MoreEPFO may lower interest rate for 2017-18
Retirement fund body EPFO may lower interest rate on provident fund deposits this fiscal compared to 8.65 per cent provided to its 4.5 crore members f
Read MoreGDP growth to be better in Q2, experts say
July-September gross domestic product (GDP) growth would be higher than April-June's 5.7 per cent, the lowest in Prime Minister Narendra Modi's tenure
Read MoreBrexit spurs EU banks to trim UK assets
European banks pared their exposure to Britain in the aftermath of its vote to quit the European Union, slashing their UK assets by $425 billion in th
Read MoreRs 50,000 crore of exporters' GST refund stuck
At least Rs 50,000 crore worth of goods and services tax (GST) refunds of exporters for four months are stuck, impacting working capital and outbound
Read MoreInsolvency and Bankruptcy Code: Lenders, bidders split on assets valuation
Lenders and prospective bidders are having a serious difference of opinion on the valuation of toxic assets, to be auctioned under the modified insolv
Read MoreSaudi Aramco, SABIC plan to build $20-bn oil-to-chemicals complex
State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp signed a memorandum of understanding on Sunday to build a $20 bill
Read MoreMahindra eyes US car market with South Korean subsidiary
Mahindra & Mahindra is eyeing the American car market with its South Korean subsidiary exploring possibilities in the sports utility vehicle (SUV) seg
Read MoreOutbound Remittances via LRS Spurt 8 Times Since June 2015
Driven by overseas travel and studies, outbound forex remittances from the country has soared almost eight times since the Reserve Bank hiked the cap
Read MoreONGC wants higher gas price to produce KG basin, Gulf of Kutch discoveries
State-owned Oil and Natural Gas Corp (ONGC) has sought more than doubling of natural gas prices to help bring significant discoveries in KG basin and
Read MoreVideo OTT vs DTH players: How Netflix, Amazon Prime, Hotstar cornered Indian market
With the entry of video OTT apps like Netflix, Amazon Prime and Hotstar in the last two years, the growth of direct-to-home (DTH) TV active subscriber
Read MoreEPFO Latest Initiative: You Will Get PF Money Sooner
The Central Board (EPF) held a meeting under the chairmanship of Santosh Gangwar, Minister of state (independent charge) for Labour and Employment in
Read MoreChinese, Indian, Iranian firms eye $10 billion refinery in Brazil
Chinese, Indian and Iranian firms are discussing a partnership to invest between $7 billion and $10 billion to build a new oil refinery in the state o
Read MoreJio reports positive AGR of Rs 4,270 crore for the first time in September quarter
Reliance Jio Infocomm reported a positive adjusted gross revenue (AGR) of Rs 4,270 crore for the first time in the September quarter, which drove up o
Read MoreNorth Korean economy keeps humming despite ever-tighter sanctions
Despite years of ever-tighter international sanctions, North Korea's economy has proven resilient and seems to have fended off the suffering President
Read MoreBumpy ride ahead for economy, ratings downgrades loom
South Africa?s central bank kept interest rates unchanged this week despite pressure to lower them for the sake of the ailing economy, impeded by infl
Read MoreIndia, VN textiles eye cooperation
There is a lot of potential for co-operation between Vi?t Nam and India in the textile and garment sector, a Vi?t Nam ?India business meeting heard in
Read MoreIndia hopes GDP growth will recover in Sept quarter: finmin official
India hopes to see a reversal of the decline in the country?s economic growth in the quarter ended September, a top finance ministry official said on
Read MoreFDI up 17 Per Cent to $25.35 Billion During April-September This Fiscal
Foreign direct investment (FDI) in the country increased by 17 per cent to USD 25.35 billion during April-September this fiscal. ?FDI equity during th
Read MoreBOJ Suzuki signals room to fine-tune yield curve control
Bank of Japan board member Hitoshi Suzuki said there is room to debate a fine-tuning of the central bank?s yield curve control (YCC) policy, the Maini
Read MoreGlobal Economy: Businesses look bullish about the road ahead
Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for
Read MoreRBI: Fundamental shift in payments habits post demonetisation; cash down, digital payments soar
The Reserve Bank of India (RBI) in a study has noted that there has been a ?fundamental shift? in the payment habits in the economy post demonetisatio
Read MoreDollar near 2-month low as strong economic data underpins Euro
The dollar fell to its lowest since late September against a basket of currencies on Friday as investors grew optimistic about the strength of the eur
Read MoreBig renewable energy push by Modi: India to float tenders to surpass 200 gigawatts of green capacity by 2022
In a bid to exceed Prime Minister Narendra Modi?s climate pledges, India announced that it will tender enough renewable energy projects over the next
Read MoreS&P retains India's sovereign rating at 'BBB-'; maintains stable outlook
New York-based credit rating agency Standard & Poor (S&P) on Friday retained India's ratings at BBB-. While reaffirming a stable outlook for India, S&
Read MoreBonds end mixed, call rates remain lower
Government bonds (G-Secs) ended mixed in a quiet trade due to alternate bouts of buying and selling.While, the overnight call money rates remained low
Read MoreUniqlo Owner Seeks to Enter India as It Builds Overseas Reliance
Fast Retailing Co., operator of the Uniqlo casual-wear brand, has applied to open stores in India as Asia?s largest clothing chain increases its relia
Read MoreMahindra Powerol to up the ante in higher kVA gensets
Mahindra Powerol, which is engaged in power generation products and services, will aim to strengthen its presence in the mid and higher kVA diesel gen
Read MoreV O Chidambaranar Port hires SBI Caps to raise Rs.2,000 cr of ECB
The government-owned V O Chidambaranar Port Trust (VOCPT) has hired SBI Caps Ltd to raise dollar-denominated external commercial borrowings worth ?2,0
Read MoreDisqualified directors may get some relief from Centre
The government may announce an amnesty or a settlement scheme to provide relief to some of the three lakh company directors disqualified in a sudden d
Read MoreCorporate results under I-T dept scanner
The income-tax department is monitoring mis matches in revenue growth and advance tax payments by top 100 firms across sectors ahead of advance tax fi
Read MoreP&G and Nestle Stand to Gain From China's Lower Import Taxes
China?s new plan to slash import taxes on a wide range of consumer goods promises to boost the prospects of multinationals in the Chinese market, with
Read MoreAsia gold demand sluggish as high prices deter buyers
The buying of physical gold remained muted across major Asian centres this week as higher prices dented demand, though seasonal demand could boost act
Read MoreU.S. crude tops two-year high as Keystone outage hits supply
U.S. oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United
Read MoreIron ore has best week in nearly 5 months on robust Chinese steel
Iron ore prices in China on Friday posted their biggest weekly increase in nearly five months as stronger steel prices spurred gains in the raw materi
Read MoreGovt assures support to green steel production: Union Steel Minister
Steel Minister Chaudhary Birender Singh on Friday assured all possible support to secondary steel sector, which uses an eco-friendly electric furnace
Read MoreRupee skids from 3-week high to 64.70, down 12 paise
Retreating from a three-week high, the rupee on Friday depreciated by 12 paise to close at 64.70 a dollar due to renewed demand for the US currency. A
Read MoreNew bankruptcy code provisions to deepen losses for banks, says Kotak Securities report
Promoters of steel companies undergoing resolution under the bankruptcy code were keen to bid for assets but will not be able to do so now after the a
Read MoreDemonetisation impact: Cheques use, cash transactions plunge after note ban order
The use of cheques has been on a decline and cash transactions too have fallen on a sustained basis since demonetisation, the Reserve Bank of India (R
Read MoreNon-food credit growth hits one-year high of 9%
The non-food bank credit growth rate rose to a one-year high of 9% year-on-year (y-o-y) during the fortnight ended November 10. Growth in the precedin
Read MoreCorporate bond limit auction sees lacklustre bids from FPIs
Foreign Portfolio Investors (FPIs) showed tepid interest in acquiring limits for corporate bond purchases during Friday?s auction, as worries over inf
Read MoreZomato valuation marked up to $865 mn from $500 mn by Jefferies
Equity research firm Jefferies has marked up the valuation of online restaurant discovery and food delivery firm Zomato to $865 million from $500 mill
Read MoreForex reserves rose to $399.533 billion as on November 17
India?s foreign exchange reserves rose by $240.40 million as on November 17 to $399.533 billion, data from the RBI shows. Foreign currency assets, whi
Read MoreUber to partner with Mahindra for electric vehicles in India
Ride-hailing firm Uber Technologies will partner with automaker Mahindra and Mahindra to add electric vehicles on its platform in India, the two compa
Read MoreInfrastructure status of logistics to spur growth, create jobs: CII
The newly-acquired infrastructure status for the logistics sector will not just spur growth, but bring in more investments and create employment, indu
Read MoreGold steady as Fed inflation concerns weigh on dollar
Gold prices remained stuck in a narrow range on Friday as the dollar remained under pressure after minutes of the U.S. Federal Reserve?s meeting revea
Read MoreIndian refiners processed record oil volume in October - government
Indian refiners processed a record 5.2 million barrels per day of oil in October as the world?s third biggest oil consumer added extra capacity to mee
Read MoreNumber of telecom operators will come down to three by 2019: Sunil Mittal
Bharti Group chairman Sunil Bharti Mittal is known to speak his mind. In a free-wheeling chat, Mittal talks about philanthropy, his company?s attempts
Read MoreRIL sells stake in Marcellus Shale to BKV Chelsea for $ 126 mn
Reliance Industries has announced the completion of the sale of one of its three upstream shale gas assets in the US for $ 126 million to BKV Chelsea,
Read MoreSingapore October factory output rises 14.6 percent
Singapore?s industrial production rose for a fifteenth straight month in October, driven by a continued surge in electronics output, data showed on Fr
Read MoreAfter creating bad loan monster, lenders now fear Insolvency clean-up
The ordinance to amend the Insolvency and Bankruptcy Code (IBC) has got President?s nod. Wilful defaulters, people associated with non-performing asse
Read MoreWhat will really define India?s economic growth trajectory; All you need to know
The Indian economy is undoubtedly undergoing a paradigm shift defined by changing global economic and political environment. Importantly, the economy
Read MorePublic funding in tourism goes up from 35 cr to 400 cr in Bengal
Public funding in the tourism sector has gone up from Rs 35 crore to Rs 400 crore in West Bengal in the past six years, and that itself is a huge deve
Read MoreRoad projects worth around Rs 60,000 cr sanctioned for TN: Gadkari
Union Road Transport, Highways and Shipping Minister Nitin Gadkari on Thursday said road projects worth around Rs 60,000 crore has been sanctioned for
Read MoreEverstone Group acquires Malaysia-based Chemopharm
Private equity firm Everstone Group, through its platform Everlife, has acquired Malaysia?s Chemopharm Sdn Bhd, a provider of products and services to
Read MoreDigitisation has not reduced use of paper, say manufacturers
Contrary to expectations, digitisation has not triggered a reduction in use of paper. ?While we increasingly talk of a paperless office and a digitise
Read MoreAt 7%, bond yield puts market on edge
Despite efforts by the RBI to keep them down, India?s benchmark bond yields on Thursday yet again spiked above the psychological 7 per cent mark. Stoc
Read MoreOil and gas PSU mergers to be exempt from CCI purview
To ensure that the transfer of Stateowned oil major HPCL?s promoter stake to ONGC does not breach any norms on anti-competitive practices, the governm
Read MoreHero MotoCorp charts electric two-wheeler journey
Hero MotoCorp, the country's biggest two-wheeler maker, is learnt to be working on at least two electric models, for commercial rollout in the next tw
Read MoreEPFO subscribers to get benefit of equity investment from April
The money invested in equity since 2015-16 is Rs.32,500 crore and the return has been healthy at an annual 21.8% invested every month in equity would
Read MoreSouth Korea's Lotte Confectionery buys Havmor Ice Cream for Rs 1,020 crore
South Korea?s Lotte Confectionery has acquired Ahmedabad-headquartered ice cream maker Havmor Ice Cream Ltd (HIL) for Rs 1,020 crore in an all-stock d
Read MoreBroadcom considering sweetened Qualcomm bid
Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with sever
Read MoreSingapore GDP blows past expectations: Growth revised sharply up to 8.8 percent
Singapore's economy grew much faster than initially estimated in the third quarter, and blew past analysts' expectations, buoyed by strength in manufa
Read MoreOECD Warns on Rising Debt Risk as Canadians Most in the Red
The OECD warned that rising private debt loads in both advanced and developing economies pose a risk to growth as Canada, South Korea and the U.K. lea
Read MoreFed Signals December Hike Even as Debate on Prices Persists
Federal Reserve officials meeting earlier this month saw an interest-rate increase in the near term even as tepid inflation drove divisions over the p
Read MoreChina's LNG imports rise to second highest on record ahead of heating season
China?s imports of liquefied natural gas (LNG) in October nearly doubled from the same month a year ago to the second highest on record, according to
Read MoreU.S. oil hits 2-year high on pipeline outage, lower inventories
U.S. crude hit a two-year high in thin trade on Thursday as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed
Read MoreNBFCs' to have 19% pie of overall loan market by FY20
The share of non-banking financiers in the overall loan market will go up to 19 per cent by the fiscal 2020 from 16 per cent last fiscal year, primar
Read MoreNOF compliant companies get RBI exemption
The Reserve Bank of India (RBI) on Thursday exempted from the limit of shareholding at 26% of post converted equity of the borrower company asset reco
Read MoreGood news in offing for Delhi on air pollution: Here is what BPCL, IOC have announced
The National Capital Region (NCR) will be the first to enjoy the benefits of cleaner fuel with Bharat Petroleum Corporation (BPCL) and Indian Oil Corp
Read MoreSC asks Bombay HC receiver to help in bidding process
The Supreme court on Thursday appointed a receiver to ensure the auction of Sahara Group?s Aamby Valley property proceeds smoothly after allegations t
Read MoreSAIL raises its game after government cracks whip
State-run Steel Authority of India Ltd (SAIL) is heading for a turnaround this year as the government orders belt-tightening and asset disposals at th
Read MoreLotte, Peugeot Propose to Invest as Much as $6 Billion in India
South Korean conglomerate Lotte Group and French carmaker PSA Group have separately discussed proposals to invest as much as $6 billion combined in In
Read MoreBharti family pledges Rs 7,000 crore to philanthropy; plans to set up university
Philanthropy seems to be emerging as the next frontier for India Inc leaders. Days after Infosys co-founder Nandan Nilekani and wife Rohini pledged to
Read MoreHomebuyers to not get financial creditor status
The government is unlikely to give homebuyers a status equal to financial creditors in the insolvency process, said sources in the know. When real est
Read MorePresident signs Ordinance to amend Bankruptcy Code
The government has put in place the legal provisions to disallow wilful defaulters and unscrupulous entities from bidding for stressed assets with Pre
Read MoreCircular No.45/2017-Customs
Circular No. 45/2017 dated 22.11.2017,seeks to issue clarification in respect of anti-dumping duty on imports of color coated aluminium foil from Chin
Read MoreCircular No.44/2017-Customs
Implementing Electronic sealing for Containers by exporters under self-sealing procedure by Circular 26/2017-Cus dated 01.07.2017, 36/2017 dated 28.08
Read MoreCircular No.43/2017-Customs
Forwarding of samples for testing to the Outside Laboratories- reg. Annexure
Read MoreCircular No.42/2017-Customs
Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
Read MoreCircular No.41/2017-Customs
Implementing Electronic Sealing for Containers by exporters under self-sealing procedure prescribed by circular 26/2017-Cus dated 1st July 2017, circu
Read MoreCircular No.40/2017-Customs
Pilot Implementation of Paperless Processing under SWIFT
Read MoreNotification No.27 /2017-Central Excise (N.T.)
Seeks to specify jurisdiction of Revisionary Authority under rule 10 of Central Excise (Appeals) Rules, 2001 under the Central Excise Non tariff secti
Read MoreNotification No.RBI/2017-18/101
Conversion of debt into equity- Review
Read MoreNotification No.RBI/2017-18/100
Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2017
Read MoreNotification No.RBI/2017-18/99
Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
Read MoreNotification No.RBI/2017-18/98
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/97
Over-the-Counter Government Securities Transaction by Foreign Portfolio Investors (FPIs) ? Settlement Period
Read MoreNotification No.RBI/2017-18/96
Secondary market transactions in Government Securities ? Notional Short Sale
Read MoreNotification No.RBI/2017-18/95
Agency Commission for GST receipt transactions
Read MoreNotification No.RBI/2017-18/94
Implementation of UNSCR 2356 (2017), UNSCR 2371(2017) and UNSCR 2375 (2017) pertaining to Democratic People's Republic of Korea (DPRK)
Read MoreNotification No.RBI/2017-18/93
Exim Bank's Government of India supported Line of Credit of USD 81 million to the Government of the Republic of Rwanda
Read MoreNotification No.RBI/2017-18/92
Exim Bank's Government of India supported Line of Credit of USD 500 million to the SBM (Mauritius) Infrastructure Development Company Ltd.
Read MoreNotification No.RBI/2017-18/91
Inclusion of ?Utkarsh Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreIndian Companies Remain Stressed But Ability To Service Debt Improves
Corporate balancesheets in India remains stressed but the ability of companies to pay interest on loans improved slightly in the quarter ended Septemb
Read MoreQuikr valuation hits $1 bn; see what caused this whopping surge
The valuation of online classifieds portal Quikr has surged to $1 billion for the quarter ended September, according to the quarterly financial report
Read MoreKingfisher: SFIO gets approval for filing cases
The corporate affairs ministry has approved filing of prosecution cases by the SFIO against defaulter businessman Vijay Mallya and others in the Kingf
Read MoreEverstone acquires Malaysia-based Chemopharm
Private equity firm Everstone Group, through its platform Everlife, has acquired Malaysia?s Chemopharm Sdn Bhd, a provider of products and services to
Read MoreRenewable energy sector may generate over 330,000 jobs in five years: report
India?s renewable energy sector is expected to generate more than 330,000 new jobs over the next five years (2017-2022), a report released on Wednesd
Read MoreGerman industrial giant Thyssenkrupp posts huge loss
German industrial giant Thyssenkrupp today posted an annual loss of 649 million euros (USD 768 million) for the year ending September, due mainly to a
Read MoreCrisil says NBFCs will now eat into banks' corporate credit share
Non-banking finance companies (NBFCs) will continue to take away market share from banks in the next three years led by lending to mid-sized companies
Read MoreZimbabwe's economic situation 'very difficult': IMF mission chief
Zimbabwe?s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior Internatio
Read MoreSingapore Q3 GDP growth quickest in almost four years, raises tightening prospects
Singapore?s economy grew at its quickest pace in nearly four years in the third quarter, thanks to a boom in manufacturing that some analysts say will
Read MoreFed policymakers say rate increase likely warranted soon - minutes
Many Federal Reserve policymakers expect that interest rates will have to be raised in the ?near term,? according to the minutes of the U.S. central
Read MoreEuro zone business roars as Germany leads the pride
Euro zone business growth is roaring ahead as the year draws to a close, surveys showed on Thursday, supporting the European Central Bank?s move last
Read MoreInsolvency code tweaked: Here?s what it means for loan cheats
With President Ram Nath Kovind giving nod to the ordinance to amend the Insolvency and Bankruptcy code, India?s mighty law to deal with bank defaults,
Read MoreApr-Oct trade deficit soars 60% to $88 billion: Report
Trade deficit has ballooned to USD 88 billion between April and October, up 60 per cent from the comparable period a year ago due to weak exports and
Read MoreModi's Make in India may get $6 billion cheque from Lotte, Peugeot
South Korean conglomerate Lotte Group and French automotive group Peugeot SA have discussed proposals to invest as much as $6 billion combined in Indi
Read MoreEconomy slowdown bottomed out, recovery rests on government steps:Report
The slowdown in the economy has bottomed out, and going forward, the pace of recovery will depend on initiatives the government takes to boost growth
Read MoreIraq, GE Sign $400 Million Deal for Power Infrastructure
Iraq and General Electric have signed a deal to develop Iraq's power infrastructure, which would help bring much-needed electricity to areas facing si
Read MoreBIS to frame hallmark standards for 24 carat gold jewellery
State-run Bureau of Indian Standards (BIS) has been asked to frame hallmarking standards for jewellery made from 24-carat gold, Consumer Affairs Minis
Read MoreRetail investors push equity mutual fund inflow to Rs 16,000 crore in October
Equity mutual funds registered an inflow of over Rs 16,000 crore in October, buoyed by strong participation from retail investors, latest data with in
Read MoreRBI's Forex Book Holds Clues to Fate of Open-Market Bond Sales
Is the Reserve Bank of India done with its open-market bond sales to suck out liquidity?The biggest decline in benchmark yields in a year on Monday in
Read MoreHike, Airtel Payments Bank tie-up for mobile wallet
Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product.Hike users will have access to the bank?s va
Read MoreMoody?s upgrades outlook on India Inc
Rating agency Moody?s sees an improvement in the credit profiles of India Inc next year, driven by better sales as it expects GST-related disruptions
Read MoreHuawei trails Xiaomi, Oppo, Vivo, but makes this big statement on India gameplan
Though Huawei?s smartphone brand Honor lags its peers, especially Chinese brands such as Xiaomi, Oppo and Vivo, in India, its president of consumer bu
Read MoreCoal-based plants: ?Stranded power unit debts may touch Rs 5L cr if left unaddressed?
Debt of coal-based power plants may nearly treble in three years to Rs 5 lakh crore if the issue of stranded electricity generation units is not addre
Read MoreIndia GDP growth rate in Q2 likely at 6.2-6.3 pct: NITI Aayog VC Rajiv Kumar
The Budget for 2018-19 should focus on the social sector and an attempt should be made to provide universal health insurance cover to citizens. In an
Read MoreGovt sets up task force to review income tax laws
After overhauling indirect taxes, the government today formed a task force to draft a new direct tax law to replace the existing Income Tax Act, which
Read MoreSilver import up 60%, to cross 5,000 tonnes
Import of silver has risen this year. Thomson Reuters GFMS says this had reached 4,200 tonnes till October, 60 per cent higher compared to the same pe
Read MoreActis set to buy Stanchart PE's Asian real estate portfolio for $500 mn
UK-based private equity firm Actis is set to take over the Asia real estate portfolio of Standard Chartered Private Equity, a source in the know has
Read MoreApex court restrains Jaypee directors from alienating properties
The Supreme Court today directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited, not to alienate their personal prop
Read MoreIT, ITeS companies jittery over Rs 10,000 crore tax demand
The tax department has raised service tax demand of about Rs 10,000 crore from information technology and IT-enabled services companies in the country
Read MoreApril-Oct trade deficit soars 60% to $88 billion: DBS
The trade deficit has ballooned to $88 billion between April and October, up 60% from the comparable period a year ago due to weak exports and a sharp
Read More111 million India workers as data rules change
Imagine if companies hiring two-thirds of the U.S. workforce were left out of official assessments. That was the case in India, until now. Starting Ja
Read MoreIndia's North American coal imports may surge on domestic shortage
India's coal imports from North America are likely to surge as buyers are looking to boost purchases amid a domestic shortage of the fuel and a region
Read MoreIndian crude breaches $60 a barrel; are excise cuts coming?
With crude oil going above $60 a barrel and the Organisation of the Petroleum Exporting Countries (OPEC) expected to extend ouput cuts later this mont
Read MoreCabinet approves amendments to insolvency and bankruptcy code - TV
The cabinet on Wednesday gave approval to amend the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding for stressed assets, two
Read MoreIndia's annual diesel consumption to rise by two-thirds by 2030
India?s annual diesel consumption could rise to 150 billion litres by 2030 from 90 billion litres now, Oil Minister Dharmendra Pradhan said on Wednes
Read MoreRetail investors push equity mutual funds inflow to Rs16,000 crore in October
Equity mutual funds registered an inflow of over Rs16,000 crore in October, buoyed by strong participation from retail investors, latest data with ind
Read MorePSU banks line up to raise funds after recapitalisation plan, Moody?s rating upgrade
Public sector banks are queueing up to raise funds from the equity market, especially through qualified institutional placements (QIPs) against the ba
Read MoreMyanmar GDP growth to rebound despite Rakhine crisis
Myanmar's economy is set to recover despite a humanitarian crisis in Rakhine State, while the ruling National League for Democracy -- two years after
Read MoreWhether new dawn or another false one, euro zone economy is full of surprises
The surprise economic star of 2017, when it wraps up next month, will have been the euro zone: growth looks set to come in at 2.2 percent compared wit
Read MoreChina is pumping a lot of cash into its economy to calm investors
China has been pumping a lot of cash into its system to lift market sentiment, as the world's second-largest economy walks a thin line between curbing
Read MoreMFIs gross loan portfolio surges 24% to Rs 38,000 cr in Q2
Gross loan portfolio of Non- Banking Finance Company-Microfinance Institutions (NBFC-MFIs) soared 24 per cent to Rs 38,288 crore in the end of Septemb
Read MoreFMCG prices fall by up to 10% as government talks tough on passing GST rate cut benefit
After tough talks from the Finance Minister on passing the benefits of GST rate cuts to consumers, Fast-Moving Consumer Goods (FMCG) companies have st
Read MoreGoldman Sachs bullish on India; says economic growth may bounce back this year itself
Global financial services major Goldman Sachs sees India?s GDP growth rate bouncing back to 7.6% in the current financial year itself, and to 8% in FY
Read MoreAnother boost for economy; infrastructure recovery in sight as airports, highways take shape
India?s infrastructure sector is struggling with stressed balance-sheets, but there has been an indication in the revival of the sector. Financial pro
Read MoreWhy the copper crown sits wobbly on Chile
There was a time when a sneeze in Santiago would cause the global copper market to catch a cold. Not any more. The first round of Chilean presidential
Read MoreM&M opens $230-m manufacturing facility in Detroit
Automotive major Mahindra & Mahindra broke fresh ground as an Indian multinational when it inaugurated its factory in the original Land of Automobile
Read MoreBank of Baroda to raise up to Rs 6,000 cr
State-owned lender Bank of Baroda today said it proposes to raise up to Rs 6,000 crore through rights issue or private placement.The finance committee
Read MoreYes Bank raises $400 million loans from Japan, Taiwan
Midsize private sector lender Yes Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients.It exerc
Read MoreFiscal deficit may surpass budgeted 3.2% on disruptions like GST, infrastructure spending: BNP Paribas
Fiscal deficit is likely to surpass the budgeted 3.2 percent due to the disruptions arising from GST rollout, and the likely higher infrastructure spe
Read MoreEPFO interest rate: Fund wants equity market exposure hiked; says else will not be able to pay higher returns
The Employees? Provident Fund Organisation (EPFO) wants to up its investments in the equity market, given the much higher returns relative to conventi
Read MoreXiaomi sets up new 3rd party unit in India to make power banks
Smartphone maker Xiaomi today said it has tied up with Hipad Technology for third-party manufacturing of its power banks in India. This is the company
Read MoreSAIL, ArcelorMittal to sign pact for auto-grade steel plant: Steel minister
Union steel minister Birender Singh on Tuesday said the Steel Authority of India Ltd (SAIL) and ArcelorMittal SA will sign a memorandum of understandi
Read MoreTrai eyes lifting infra-band spectrum cap; move may benefit Vodafone-Idea Cellular entity
In a move that promotes optimum spectrum efficiency and utilisation as well as encourages consolidation in the sector, the Telecom Regulatory Authorit
Read MoreU.K. Manufacturing Orders Surge Most in Nearly Three Decades
U.K. factories saw orders surge the most in almost three decades this month, helped by export demand. The Confederation of British Industry said its m
Read MoreChipmaker Marvell Technology to buy Cavium for about $6 bn news
Marvell Technology Group Ltd yesterday struck a deal to buy smaller rival Cavium Inc for about $6 billion, in order to expand its wireless connectivit
Read MoreOla projected to turn profitable by FY19, rake in $1 bn by 2021
Ola, India?s largest ride-hailing start-up, is projected to turn profitable by 2018-19 and rake in $1 billion as profit by 2021, according to an indep
Read MoreAirtel, Idea, Vodafone add 4.74 mn subscribers in Oct
Indicating that worst might be over for the telecom industry, all the top three incumbent operators added around 4.74 million subscribers during Octob
Read MoreM&A value plunges 55% to $6.2 bn in Sept qtr
Adopting a wait-and-watch approach towards big-ticket acquisitions amid the slowdown, M&A deal value has more than halved to USD 6.2 billion during th
Read MoreCoca-Cola India to play by volume
India will be among key markets in the Asia-Pacific region where the world?s largest beverage company, Coca-Cola, is expected to pay more attention as
Read MoreL&T set to be first Indian firm to build metro outside India
Mumbai-based Larsen & Toubro (L&T) is set to become the first Indian company to build a metro rail project outside the country, with the company likel
Read MoreGovt plans GST sops for digital payments
The Centre has proposed a two percentage point discount in the goods and services tax (GST) for consumers who make digital payments. The proposal is
Read MoreGST return filings for October rise 11% to 4.4 million
Taxpayer compliance under the goods and services tax (GST) system is steadily improving with 4.4 million assessees filing summary of the transactions
Read MoreUK government borrowing grows in October
The figure comes a day before the Budget, and the monthly deficit was bigger than economists had predicted. Increased debt costs, linked to the UK's h
Read MoreReliance Industries, Adani, REC issue $1.7-billion bonds
Reliance Industries, Adani Abbot Point Terminal, and Rural Electrification Corporation (REC) on Monday launched bond issues overseas worth $1.7 billio
Read MoreQuess Corp acquires majority stake in TBSS for Rs 153 crore
Prem Watsa backed Quess Corp has acquired a majority stake in Tata Group's domestic-focused back-office firm Tata Business Support Services (TBSS) for
Read MoreBitcoin hits all-time high of $8,197, almost 50% up in past 8 days
Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 per cent cli
Read MoreONGC buys 15 percent stake in Namibia offshore block from Tullow
ONGC Videsh Ltd (OVL), the overseas investment arm of the country?s top explorer Oil and Natural Gas Corp (ONGC.NS), said on Tuesday it had acquired a
Read MoreGold edges higher, Fed minutes in focus
Gold prices inched higher on Tuesday, with investors waiting for minutes from the U.S. Federal Reserve?s last meeting for clues on the outlook for pot
Read MoreOil rises ahead of OPEC meeting as further output cuts expected
Oil prices rose on Tuesday as traders looked to a meeting next week at which major crude exporters are expected to extend production cuts, though risi
Read MoreIndia?s food processing sector may attract $33 bn by 2014
India?s food processing sector has the potential to attract $33 billion investment by 2024, according to a study released here today. The country?s fo
Read MoreCard transactions soar 84% in September 2017 to Rs 74,090 crore, says report
The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month las
Read MoreExpect Thums Up to be $1 billion brand in 2 years: Coca-Cola India
Beverages major Coca-Cola India expects its softdrink Thums Up to be a $1 billion brand in the next two years and is adding variants to the home-grown
Read MoreYes Bank raises USD 400 million loans from Japan, Taiwan
Midsize private sector lender Yes Bank has raised USD 400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients.It ex
Read MoreCan?t tax Rs 1 lakh crore gains on Idea share sale by Tatas? Mauritius arm: ITAT
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has in its recent order dismissed the action of the lower I-T authorities to tax capital
Read MoreGlobal investors eye tieups with local realtors to build commercial assets
Global private equity, pension and sovereign wealth funds eyeing commercial assets in India are now looking to build these assets with local developer
Read MoreGST 12% And 18% Slabs May be Merged, Says Arvind Subramanian
Chief Economic Adviser Arvind Subramanian on Tuesday said that the government may consider combining the 12 per cent and 18 per cent slabs for goods a
Read MoreBond yields ease, call rate rises
Government bonds ( G- Secs) firmed up following sustained demand from corporates and banks. The 6.68 per cent G- Sec maturing in 2031 surged to Rs. 97
Read MoreElectronics appliance market set to grow at 10% CAGR by 2022
TheIndian ACE (Appliance and Consumer Electronics) market is expected to grow by 10 per cent CAGR approximately by 2022, according to PwC?s report ?Ch
Read MoreGST rate cuts: CBEC chief tells firms, restaurants to lower prices
Central Board of Excise and Customs (CBEC) Chariman Vanaja Sarna has written to 100 major companies including Colgate-Palmolive, Dabur, Nestle, and Hi
Read MoreSoftBank set to take driver's seat in Ola
Japanese investment giant SoftBank is close to acquiring an additional 10-12 per cent stake in ANI Technologies, the parent company of Ola, to increas
Read MoreAlibaba goes offline with $2.9bn stake in China?s top grocer
Internet giant Alibaba Group Holding Ltd said yesterday it would invest HK$22.4bn ($2.87bn) for a major stake in China?s top hypermart operator, Sun A
Read MoreJapan's export growth in October signals economic recovery to continue in Q4
Japan's export growth held steady in October, suggesting that brisk global demand for Japanese cars and electronics will likely carry its economic re
Read MoreU.K. to commit billions on ?industries of future? to ward off Brexit shocks
Prime Minister Theresa May on Monday announced ?4 billion ($5.28 billion) of spending on research and development and regional growth strategies, sett
Read MoreMutual Funds log Rs 51,000-cr inflow in October
Investors have pumped over Rs 51,000 into various mutual fund schemes in October after pulling out more than Rs 16,000 crore in the preceding month, l
Read MoreRBI MPC keeping rates steady in October may be right: Michael Patra
The Reserve Bank of India?s (RBI) monetary policy committee?s (MPC) decision to keep interest rates steady at 6% on October 4 may have been right, Mic
Read MoreBenchmark yield at 2-wk low as RBI cancels OMO sales
The benchmark yield fell 16 basis points on Monday to close at a two-week low of 6.89 per cent even as market participants cheered the cancellation of
Read MoreIn electric vehicle charging, infrastructure space, Indian Oil Corporation eyes 50 pct marketshare
Indian Oil Corporation (IOC), the country?s largest oil refiner and retailer, has shifted its focus to have more than 50% market share of the electric
Read MoreEyeing online boost, Metro Cash And Carry to foray into segment by December
As online retailers such as Paytm Mall and Amazon have strengthened presence in B2C food retail, global wholesaler Metro Cash and Carry has also obser
Read MoreIndia, World Bank ink $98 million loan pact for renewable energy
India and the World Bank on Monday signed a $98 million loan pact, and a $2 million grant agreement to help the country increase power generation capa
Read MoreIndia's U.S. coal imports highest since 2015, seen up further on ban
India's coal imports from North America quadrupled to 2.1 million tonnes in October from a year ago, the highest since at least January 2015, Thomson
Read MoreGovt raises Rs14,500 crore from Bharat 22 ETF, issue subscribed four times
The government has raised Rs14,500 crore through the Bharat 22 exchange traded fund (ETF), comprising 22 stocks, a top official said on Monday. ?We ha
Read MoreLogistics sector to soon get infrastructure status
The government has given infrastructure status to the logistics sector, covering cold chain and warehousing facilities, a move that is likely to attra
Read MoreCredit Suisse note: Despite good Q2 numbers, India Inc highly indebted
The September quarter earnings season may have turned out to be the best in several quarters but the big concern is that corporate India remains highl
Read MoreIn big boost, Centre?s disinvestment revenue set to hit Rs 1 lakh cr mark
If the transactions already initiated and the plans laid out materialise ? in all probability, most would ? the Centre?s disinvestment revenue may cro
Read MoreInternational Conference 2017 -Publicity through Committees Webportals
International Conference 2017 -Publicity through Committees Webportals
Read MoreArtificial Intelligence is now the hottest tech spot and startups in India are working on its cutting edge
Artificial intelligence (AI) has become the dominant theme in the technology world today, engaging the attention of every enterprise as it is set to b
Read MoreBharti Airtel signs deal with Ericsson for strategic partnership on 5G technology
Swedish telecom gear maker Ericsson today said it has partnered with Bharti Airtel for 5G technology for the telecom giant's India operations. "We hav
Read MoreSBI to use blockchain for smart contracts and KYC by next month
India's largest lender State Bank of India will roll out beta launches of blockchain-enabled smart contracts by next month, according to Sudin Baraoka
Read MoreDigital advertising spend may touch Rs 13k cr mark by December 2018
Digital advertising spend in India is likely to grow to Rs 13,000 crore by December 2018, at a rate of 35 per cent, fuelled by growing demand for smar
Read MoreAlibaba to buy 36.2 per cent Sun Art for $2.9 billion
Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart ope
Read MoreNorfolk Island's economy in a state of crisis
A new report says Norfolk Island's economy is in a state of crisis and many businesses have suffered since its governance changed in 2016. Australia a
Read MoreYour five-minute guide to the UK's steady economy
However, they are not discussing the story of the little flaxen-haired girl and the three bears, but the state of the global economy.Goldilocks, you m
Read MoreChina central bank says to continue prudent, neutral monetary policy
China's central bank said late on Friday that it will maintain a prudent and neutral monetary policy and keep liquidity conditions stable, as it seeks
Read MoreJapan?s best export performance since 2008 crisis rolls on
Japan?s exports grew by double digits for a fourth straight month in October, continuing the best year-to-date performance since the global financial
Read MoreRetail inflation expected to rise further
Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by rise in
Read MoreGovernment seeks Rs 13,000 crore surplus from RBI
The government has not asked the Reserve Bank to pay any special dividend and is only seeking Rs 13,000 crore of surplus lying with the central bank,
Read MoreIndia's holdings of US govt securities jump to $145 billion
Continuing to increase its exposure, India's holdings of American government securities touched USD 145.1 billion at the end of September, official da
Read MoreRevenue collected under GST in Oct at Rs 95k crore: Sushil Modi
The revenue collected under the Goods and Services Tax (GST) in October was Rs 95,131 crore and average revenue shortfall of states has come down to 1
Read MoreGST on white goods may be cut; refrigerators, washing machines could soon be cheaper
Indian consumers are likely to reap another round of big benefits in the next round of GST rate rejig. As per reports, the government may soon cut rat
Read MoreTVS Motor bets big on rural buyers in south India
TVS MotorBSE -0.14 % Company, India?s fourth-largest two-wheeler maker, is banking on rural buying in south India to sustain its double-digit growth m
Read MoreLuxury vehicle sales all set to scale a new peak this year
Sale of luxury vehicles, which took a hit due to the twin impact of demonetisation and diesel ban last year, is set to close at a record high this yea
Read MoreSwiss parliamentary panel okays auto info exchange with India
Paving the way for India to get instant access to details on Indians with Swiss accounts, a key parliamentary panel in Switzerland has approved an aut
Read MoreEris to buy Strides Shasun?s India branded business for Rs500 crore
Ahmedabad-based drug maker Eris Lifesciences Ltd has entered into a definitive pact with Bengaluru-based Strides Shasun Ltd to acquire latter?s India
Read MoreFPIs inflow in equities at $2b in November so far
Foreign investors have pumped in a whopping over USD 2 billion in the Indian equity markets this month so far, enthused by government's announcement o
Read MoreSteel fortunes to shape nickel outlook
The world nickel market is currently buffeted by demand and supply forces; but the demand side seems to have an edge.Although nearly two-thirds of glo
Read MoreWeak dollar boosts gold prices
The struggle to break the resistance at $1,280 per ounce came to an end last week. After hovering around this hurdle for three continuous weeks, the g
Read MoreCorporates fret over grey areas in Insolvency Code
Corporate houses vying for stressed assets under the NCLT-led process have expressed deep concern over grey areas in the new Insolvency and Bankruptcy
Read MoreBudget deficit may rise in FY18, but will improve in years ahead: Moody?s
Lower taxes and higher public expenditure could widen budget deficit in 2017-18, but steps taken by the government to broaden the tax base and improve
Read MoreVolkswagen to invest $27 billion in core brand until 2022
Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announce
Read MoreIndia Inc faces commodity rally challenge to manage costs
The rally in commodity prices is about to complete two years and there are indications that prices will either consolidate or reach higher levels. How
Read MoreToxic assets: Soon, ordinance to block defaulters from bidding
The government is taking steps to disallow defaulters from bidding for toxic assets by amending the insolvency law and, at the same time, asking all b
Read MoreMotoring troubles: Auto exports lose speed
India?s car exports, which accounts for almost one-fifth of the industry?s sales volume, could see its first decline or flat performance in six years.
Read MoreToshiba to raise $5.3 bn from new shares to avoid delisting risk
Toshiba Corp said it would raise 600 billion yen ($5.3 billion) from a sale of new shares, a key step that would allow the troubled conglomerate to re
Read MoreAfter exports witness worst contraction in 15 years, Commerce ministry prepares slew of sops
As exports witnessed the worst contraction in 15 months in October, the commerce ministry intends to step up consultations with the finance ministry o
Read MoreCPSEs dividends: Companies to shell out as much as 25 pct more than budgeted Rs 67,529 crore
Central public sector undertakings (CPSEs), which are giving an unprecedentedly high level of support to public capex for the second year in a row, wi
Read MoreNotification No.54/2017-Customs (ADD)
Seeks to impose anti-dumping duty on rubber chemical PX 13 originating in and exported from EU and rubber chemical MOR originating in and exported fro
Read MoreNotification No.110/2017 Customs (N.T.)
Exchange Rates Notification No.110/2017-Custom(NT) dated 16.11.2017
Read MoreNotification No.109/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreNotification No.108/2017 Customs (N.T.)
Exchange Rates Notification No.108/2017-Custom(NT) dated 14.11.2017
Read MoreNotification No. 88 /2017 Customs
Seeks to ncrease import tariff rate of soya beans from 30% to 45%.
Read MoreNotification No. 87 /2017 Customs
Seeks to (1) Increase the BCD on crude palm oil of edible grade from 15% to 30%; and (2) Increase the BCD on refined palm oil of edible grade from 25%
Read MoreNotification No. 86 /2017 Customs
Seeks to exempt import of goods specified goods when imported by eminent sportsperson.
Read MoreNotification No. 85 /2017 Customs
seeks to amend notification No. 50/2017-Customs dated 28.06.2017, so as to :exempt life saving drugs supplied free of cost; and exempt IGST on goods i
Read MoreNotification No. 96/2017
Notification No. 96/2017 [ File No.203/33/2016/ITA-II ]
Read MoreNotification No. 95/2017
[Notification No. 95/2017/F. No. 300196/23/2017-ITA-I]
Read MoreNotification No. 94/2017
[Notification No. 94/2017/F. No. 300196/11/2016-ITA-I]
Read MoreCircular Economy: the silver bullet for emissions?
What?s known as the circular economy was in focus at the COP23 climate summit, which has just wrapped up in Bonn, Germany. UNCTAD and its partners ral
Read MoreA look at India's rating upgrade and its implications
Moody's Investors Service upgraded India's sovereign credit rating a notch for the first time in nearly 14 years on Friday. The US-based agency upped
Read MoreCentre seeks to meet fiscal deficit target without cutting spend
While there are constraints on the revenue front due to shortfall in RBI dividends, spectrum receipts and lingering uncertainties over the GST revenue
Read MoreGlobal economy to 'grow faster in 2018, but risks remain'
The global economy is enjoying a strong, broad-based recovery and will grow even faster next year, but some risks remain, said International Monetary
Read MoreDaimler to invest $755 mln in China for electric car, battery production: Executive
Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China, jointly with its Chinese joint-venture partner, for capacity to produce e
Read MoreL&T Construction bags Rs 8,650 cr order from MMRDA
Larsen & Toubro (L&T) today said its construction arm has bagged Rs 8,650 crore order from the Mumbai Metropolitan Region Development Authority (MMRDA
Read MoreCisco launches $1-bn funding plan to transform smart cities
To help city planners adopt technologies that will transform their communities globally, Cisco has announced a $1 billion programme. Under the "City I
Read MoreGlobal banks flag concerns over U.S. Senate tax proposal
Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporati
Read MoreDwindling British fortunes to be laid bare
The diverging trajectories of Britain and other major economies is set to be further laid bare in the coming week with London?s budget forecasters poi
Read MoreAfter new GST rates rolled out, Centre allows firms to paste new MRP stickers; imposes deadline
The government on Friday, following the changes being put in effect on GST rates on about 200 items, allowed companies to paste a price sticker on pac
Read MoreFor first time in 10 years, government raises import tax on edible oils to highest level
India has raised import tax on edible oil to the highest level in more than a decade, the government said in an order, as the world?s biggest importer
Read MoreGoogle India hits Rs 7,208.9 crore sales mark
The Indian unit of Google crossed the billion-dollar sales milestone in fiscal 2017, a year when the search engine?s local business grew at half the
Read MoreEris Life to acquire Strides' India business for Rs 500 crore
Bengaluru-based drug maker Strides Shasun has agreed to sell its domestic branded formulations business to Ahmedabad-based Eris Lifesciences for Rs 50
Read MoreMagellan Aerospace to invest Rs.143 crore on manufacturing facility in Bengaluru
Construction of the new manufacturing and assembly facility of Magellan Aerospace gathered pace with the Canadian company hosting a traditional ground
Read MoreDaimler to invest $755 million in China for electric car, battery production: executive
Germany?s Daimler AG (DAIGn.DE) plans to invest 5 billion yuan ($755 million) in China, jointly with its Chinese joint-venture partner, for capacity t
Read MoreEricsson partners with Airtel for 5G trials
As Indian telecom operators get ready for 5G technology, Ericsson on Friday said it had partnered with Bharti Airtel for trials in this regard. ?We ha
Read MoreBitcoin Is the New Crisis Currency
About a third of the customers queuing at La Maison du Bitcoin?s teller windows in Paris aren?t speculating on the value of the cryptocurrency. They?r
Read MoreRupee may still depreciate
The ratings upgrade by Moody?s will bring a new class of investors in the country, so far restricted by their investment mandate of not investing in c
Read MoreInfosys buyback to begin on November 30
Information technology (IT) bellwether Infosys on Friday said its share buyback offer would begin on November 30 and close on December 14. The IT serv
Read MoreVW to spend over $40B on EVs, autonomy push
Volkswagen AG will spend more than 34 billion euros ($40 billion) over the next five years to develop automotive technology for an era of electric rob
Read MoreIndian state oil firms betting on natural gas as next big thing
India?s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi?s goal of making the
Read MoreIn surprise move, RBI cancels open market bond sale
Reserve Bank of India (RBI), in a rare move, cancelled a bond sale via open market operation (OMO) worth Rs 10,000 crore ($1.54 billion) that was sche
Read MoreOffshore India funds register inflow of USD 573-mn in Oct
India-focussed offshore funds received a net inflow of USD 573 million in October, taking the total to nearly USD 5 billion in 2017, indicating that t
Read MoreForeign exchange earnings from tourism surge to Rs 2,254 cr in October
Foreign exchange earnings (FEEs) from tourism in October this year registered an increase of Rs 2,254 crore, compared to October 2016, the tourism min
Read MoreIndian bond market euphoria seen short-lived as mood bearish prevails
Bond market euphoria over an unexpected India sovereign rating upgrade is expected to fizzle out next week, as concern over rising inflation, hawkish
Read MoreDiageo sues Vijay Mallya over $40 million payout
Weeks before a London extradition hearing, Indian tycoon Vijay Mallya faces a second legal battle after Diageo Plc sued to recover a $40 million payme
Read MoreMoody?s India ratings upgrade: Centre seeks to meet fiscal deficit target without cutting spend
While there are constraints on the revenue front due to shortfall in RBI dividends, spectrum receipts and lingering uncertainties over the GST revenue
Read MoreToyota, Suzuki finalise pact to launch electric vehicles in India by 2020
Japanese auto majors Toyota Motor Corporation and Suzuki Motor Corporation said on Friday that they will co-operate on introducing electric vehicles (
Read MoreIran's economy continues to struggle despite lifting of sanctions
The 2015 nuclear agreement was hailed as a way forward for the Iranian regime, allowing it to regain a place in the international community, while at
Read MoreWith rating action, India in for more capital inflows: Industry
Giving a thumbs-up to Moody's rating upgrade, India Inc today said the move is a reaffirmation of the government's reforms push that will boost foreig
Read MoreNorway's $1 trillion wealth fund proposes to drop oil, gas stocks from index
Norway?s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its inves
Read MoreSingapore October exports rise most in 2-1/2 years, China sales soar
Singapore?s exports rose the most in 2-1/2 years in October, well over double expectations as surging sales to China helped more than recoup a decline
Read MoreJapan exports seen growing in Oct on robust external demand
Japan?s exports are expected to have risen for an eleventh straight month in October, led by robust demand for cars and electronics manufacturing equi
Read MoreDollar steadies as tax overhaul gets US House nod
The U.S. dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, aft
Read MoreMoody's action spruces up India's investment credentials
The sovereign rating upgrade by global agency Moody's has put India alongside Italy, Spain, Bulgaria and the Philippines in terms of investment climat
Read MoreAfghanistan pushes business ties with India through trade fair
India?s economic reform agenda such as Make in India, Digital India, Start-up India, Stand-up India, Skill India, and Smart Cities is a constructive a
Read MoreWealthy move: A shift from debt to equity
Investors are shifting a part of their portfolio to equities and gold from bonds, with rising rates threatening to limit debt returns. As select debt
Read MoreReliance Retail is planning to disrupt India?s ecommerce scenario
After shaking up India?s telecom industry, the Reliance Group could re-cast the country?s ecommerce leaderboard next. The retailing arm of India?s mos
Read MoreIFC, HDFC create $800 million fund to finance construction of affordable homes
The International Finance Corporation, a part of the World Bank group, has joined hands with HDFC to create an USD 800 million fund to finance constru
Read MoreRBI Likely to Zero In on 50 More Stressed A/Cs
The Reserve Bank of India is likely to come up with a fresh list of around 50 loan accounts that are either under stress or close to being classified
Read MoreNaveen Patnaik Performs Ground Breaking Of 15 Projects Worth Rs 12,000 Cr
Chief Minister Naveen Patnaik on Thursday (16 November) performed ground breaking ceremony of 15 projects involving an investment of Rs 11,690 crore t
Read MoreIndia Inc raises Rs 1.4-lakh crore via equities in 2017
Fundraising through the equity route hit an all-time high, touching the Rs 1.4-lakh crore mark during the current calendar year (CY17). In all, compan
Read MoreVolkswagen China invests $12 bn in e-cars
Volkswagen AG will invest more than $12 billion with its partners to make and develop a range of new-energy vehicles in China as carmakers step up inv
Read MoreJSW prepares war chest to bid for toxic assets
JSW Steel has emerged as the most aggressive bidder for stressed steel assets. The country?s largest steel maker is vying to buy 9.9 million tonnes of
Read MoreSoftBank Plans Up to $25 Billion in Saudi Investments
SoftBank Group Corp. plans to invest as much as $25 billion in Saudi Arabia over the next three to four years as the Japanese company run by Masayoshi
Read MoreRenault, Toyota lead 6% European sales gain
European sales rose 5.9 percent in October, with Renault, Toyota and Volkswagen Group's Seat brand leading the gains among volume automakers. Registra
Read MoreExperts to brainstorm tech innovations to improve oil and gas exploration
Over a period of three days starting Friday, 7,00 delegates?mostly petroleum geophysicist ? will brainstorm over new technologies available across the
Read MoreSebi creates new category of reporting FPI investment in hybrid securities
Market regulator Sebi has said foreign portfolio investors should report their investment in hybrid securities separately and has asked the depositori
Read MoreSEBI probing into sharing of listed companies info on social media
Markets regulator Sebi will look into the complaints of some individuals allegedly circulating key financial details and other information about liste
Read MoreRBI eases rules for short-selling in govt bonds
The Reserve Bank of India on Thursday eased the rules for short-selling in government bonds, allowing traders to deliver securities from their own por
Read MoreCurve steepens as bond yields hit 14-month high
The benchmark Bond yield hit a fresh 14-month high on Thursday having closed at 7.06% even as the markets continued to factor in worries about fiscal
Read MoreMobile phone shipment to touch 262 mn by 2017-end: CMR
Mobile handset shipments in India are likely to touch 262 million units by the end of the year with feature phones continuing to dominate the market,
Read MoreSSG Capital buys 34.42% stake in Cox & Kings UK unit
Travel firm Cox & Kings Ltd Thursday said SSG Capital Management Ltd has bought 34.42% stake in its British subsidiary Prometheon Holdings (UK) Ltd fr
Read MoreHaier expands India facility with Rs 600-cr investment
Home appliances and consumer electronics maker Haier India opened its first industrial park in the country in Ranjangaon, Pune. Haier has invested Rs
Read MoreInflation may ease by December: Former RBI Governor Rangarajan
Former RBI Governor C Rangarajan on Thursday said retail inflation, which rose to 3.58 percent in October, may ease by December and remain below the 4
Read MoreExporters can now file GST refund claim manually: CBEC
Exporters can now manually file claims for GST refunds before tax officers owing to the specific modules not being available online, as per latest ord
Read MoreVodafone, Idea Cellular merger: On spectrum cap, the new entity may gain; here is how
The merged entity of Idea and Vodafone may not have to surrender excess spectrum in about five circles because the Telecom Regulatory Authority of Ind
Read MoreCabinet approves setting up of anti-profiteering body under GST
The Cabinet on Thursday approved setting up of National Anti-Profiteering Authority (NAA) under the Goods and Services Tax, a move that will ensure th
Read MoreNarendra Modi government gives big home loan boost to housing in India; demand set to soar
The government on Thursday made loans cheaper even for slightly bigger homes bought by middle-income groups in a move that should boost demand and hel
Read MoreIndian economy on recovery path, to grow by 6.8% in 2017-18: CLSA analysts
The Indian economy is on the path of recovery and will expand by about 7-7.5% in 2018-19 after growing about 6.8% in 2017-18, analysts at investment g
Read MoreVolkswagen Group earmarking $11.8 billion to develop, build China electric cars
Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybri
Read MoreState Street sees Asian bond markets under some pressure in 2018
Asian central banks will tilt to less dovish postures on monetary policy as U.S. interest rates climb next year, putting pressure on domestic bond ma
Read MoreIndian corporates find saviour in bonds as loans dry up
Indian companies are finding it easier to raise funds through bonds than bank loans, as a surge in bad credit chokes off bank lending while investors
Read MoreReliance Capital has Rs 1,450 crore exposure to RCom; hopes to recover it by March 2018
As Anil Ambani-led Reliance Communications reels under the immense pressure of debt, the group?s financing arm Reliance Capital said on Thursday that
Read MoreHint of recovery seen in India Inc's bottom line for the second quarter after GST
There?s a hint of recovery in India Inc?s bottom line for the second quarter that followed rollout of GST. Net profit of a sample of 1,455 companies (
Read MoreUnited Bank of India plans to raise Rs 500 cr via Basel III compliant bonds
State-owned United Bank of India (UBI) plans to raise up to Rs 500 crore to comply with the global standard Basel III banking norms by March 2019. The
Read MoreIndia Inc raises Rs 1.4-lakh crore via equities in CY17
Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, comp
Read MoreChina central bank adviser expects less forceful deleveraging in 2018
A Chinese central bank adviser said on Thursday he expects the government?s financial deleveraging to be less forceful next year, a campaign that has
Read MoreBig GST relief for industry, Centre exempts advance receipts from new tax regime
In a major relief to the industry, the government on Wednesday waived the provision of goods and services tax (GST) on advance receipts against supply
Read MoreRedress taxpayers' grievances on priority: CBDT to I-T department
A "concerned" Central Board of Direct Taxes (CBDT) has asked the Income Tax (I-T) department to take prompt steps and address the taxpayers' grievanc
Read MoreDecks cleared for first mega CEZ; 45 companies may invest Rs 15k-crore in phase-I
The government has given the go-ahead for setting up India?s first mega coastal economic zone (CEZ) at the Jawaharlal Nehru Port in Maharashtra as par
Read MoreGovernment plans Rs 3000 crore spend to push capital goods manufacture
The Central government plans to spend Rs 3,000 crore to implement various programs under the National Capital Goods Policy, Anant G. Geete, Union Mini
Read MoreU.S. Inflation, Retail Data Show Economy Ready for Fed Rate Hike
The U.S. economy delivered a double win for the Federal Reserve in October with an encouraging pickup in inflation and an unexpected gain in retail sa
Read MoreReNew Power to buy wind power business of KC Thapar Group for Rs 1,000 crore
Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India?s biggest renewable ene
Read MoreAirtel expands VoLTE to AP, Telangana
Bharti Airtel has expanded its VoLTE (Voice over LTE) service to Andhra Pradesh and Telangana. Airtel VoLTE, which works over 4G, will let its custome
Read MoreBonds, call rates recover
Government bonds (G-Secs) recovered on Wednesday following fresh demand from corporates and banks and the interbank call money rates also turned highe
Read MoreCRISIL to buy former Citi bankers? data analytics venture Pragmatix
Ratings firm CRISIL Ltd, majority owned by S&P Global Inc, has agreed to purchase data analytics company Pragmatix Services Pvt. Ltd for up to Rs 56 c
Read MoreAmazon invested $1 bn in India e-commerce arm since Jan
US online retail giant Amazon has invested Rs 6,200 crore (about $1 billion) in its e-commerce business in India since the beginning of this calendar
Read MoreMF investments in equities cross Rs 1 lakh cr in 2017
Domestic mutual funds (MFs) continue to pour money into equity markets, with their net flow crossing Rs 1-lakh crore mark during calendar year 2017 (C
Read MoreRussia and Venezuela agree debt deal
The deal, announced on Wednesday, allows Venezuela to make "minimal" repayments on its Russian obligations over the next six years.It comes a day afte
Read MoreJapan's GDP grows for seven straight quarters, outlook remains solid
Japan?s economy grew faster than expected in the third quarter due to strong exports, posting the longest period of uninterrupted growth in more than
Read MoreU.S. consumer prices edge up; retail sales unexpectedly increase
Underlying U.S. consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent disinfla
Read MoreSebi allows multilateral entities to issue securities in IFSC
Markets regulator Securities and Exchange Board of India (Sebi) has allowed multilateral and statutory organisations abroad to issue securities in the
Read MoreOutward FDI drops 58% to $1.35 bn in Oct: RBI
Overseas investments by Indian firms dropped about 58 per cent in October to USD 1.35 billion on annual basis, as per the RBI data.Outward foreign dir
Read More10-year benchmark bond: Yield closes above 7% for second session
The yield on the 10-year benchmark bond closed above 7 per cent for the second consecutive session on Wednesday at 7.017 per cent. On Tuesday, the yie
Read MoreSetback for Indian Overseas Bank as NCLAT orders refund of money to Amtek Auto in insolvency case
Lenders are not permitted to recover their outstanding loans by accessing a defaulter?s bank account during the corporate insolvency resolution proces
Read MoreSuzlon suspends operations at Karnataka blade plant
Wind energy equipment maker Suzlon has put out a notice to suspend operations at its rotor blade manufacturing unit at Padubhidri in Karnataka, follow
Read MoreBharat Stage VI (BS VI) deadline advanced by 2 years; automakers, oil companies face big challenge
As the petroleum ministry on Wednesday advanced the deadline for switching over to Bharat Stage-VI (BS-VI) from BS-IV compliance in the national capit
Read MoreIndia Inc quarterly returns: Festive season cheer bypasses corporates as costs jump, margins get squeezed; auto sector bucks trend
The July-September earnings of India Inc continue to be disappointing with the net profit of a sample of 1,296 companies (excluding banks, financials
Read MoreF. No. HRD/TCB/MSTU/801/2013-14/Dy. No. 823/2017
Publish Date : Friday, November 10, 2017
Section 35 of the Income-tax Act
Publish Date : Tuesday, November 14, 2017
Life insurers report 21.1% growth in new biz income in April-October
The new business premium of life insurance companies grew 21.2 per cent to Rs 1.05 lakh crore in April-October period, compared with a year-ago, boost
Read MoreDomestic M&As may scale $53 billion in 2019
Mergers and acquisition (M&As) activity may reach USD 46.5 billion in 2017 and is likely to touch USD 52.8 billion in 2019, aided by government effort
Read MoreAirbus to sell 430 planes to U.S. firm Indigo Partners for $49.5 billion
United Arab Emirates - Airbus announced on Wednesday that it will sell 430 airplanes to U.S. firm Indigo Partners for $49.5 billion in the European fi
Read MoreJapan's economy posts longest growth streak since 2001
Data showed gross domestic product (GDP) grew at an annualised rate of 1.4% between July and September.The solid quarterly result comes after more tha
Read MoreUK workforce sees biggest fall in two years
There were 32 million workers in the three months to September, down 14,000 from the last quarter, Office for National Statistics data shows. At the s
Read MoreIndia's IT spending to grow 9% to $87 bn in 2018: Gartner
India's IT spending is projected to grow 9.2 per cent $87.1 billion in 2018 on the back of consumer demand for smartphones and businesses embracing te
Read MoreI-T to issue notices to suspicious cash depositors
The Income-Tax (I-T) Department will soon issue notices to those who have deposited ?suspicious? amounts of money in banks after demonetisation and ha
Read MoreAmara Raja sparks investor interest with robust growth
ET Intelligence Group: Amara RajaBSE 2.76 %, India?s second-largest battery maker, is attracting investor attention after its latest performance demon
Read MoreAirtel outshines Vodafone and Idea in Q2, hints at recovery
Bharti Airtel turned in a stronger performance than rivals Vodafone India and Idea Cellular in the seasonally weak second quarter, signalling a recove
Read MoreMalvinder Mohan Singh steps down from Religare Enterprises
Malvinder Mohan Singh stepped down from the post of non-executive chairman at Religare Enterprises. The financial services holding company named S Lak
Read MoreFMCG companies want traders to pass on GST gains
From Wednesday, consumers would do well to check their shopping bills closely. A host of packaged products such as chocolates, toothpastes, shampoos,
Read MoreTelecom is reeling under mass layoffs. Casualties so far: 75,000 jobs & counting
The telecom sector lost a fourth of its workforce, or some 75,000 employees, in the last one year as operators, tower firms and vendors consolidate to
Read MoreInsolvency code: To get its pound,CBDT to strengthen presence before Tribunals
The income tax department is strengthening its representation in corporate insolvency cases being resolved through the Insolvency and Bankruptcy Code.
Read MoreHit by GST, exports fall 1.2% to $23 billion in Oct
Sharp fall in export of items such as readymade garments, gems and jewellery and leather products has resulted in a 1.2 per cent decline (year-on-year
Read MoreLuLu Group to expand retail presence in India
Abu Dhabi-based LuLu Group International is on a major expansion drive to increase its retail and hospitality footprint in India. The group will accom
Read MoreGulf Oil Lubricants expands Indian OEM partnerships
The rapidly growing lubricant company Gulf Oil Lubricants India Ltd is extending its partnerships in the automotive sector by signing on Bajaj Auto, F
Read MoreNCAER pegs India's FY'18 GDP growth at 6.2 per cent
Indian economy is projected to grow at 6.2 per cent in 2017-18, a report by economic think- tank NCAER said. In its mid-year review of the economy, NC
Read MoreBenchmark bond yield at 7% after 14 months
The yield on the 10-year government security (G-Sec) closed over seven per cent on Tuesday, given concerns regarding rising inflation, geopolitical in
Read MoreAfter 13-month recovery, exports fall 1.1% to $23 bn in October
Exports contracted 1.1 per cent in October year-on-year to $23.1 billion, the first fall in 14 months, as companies continued to struggle with issues
Read MoreGovt seeks special dividend from RBI for bank recapitalisation
The government has sought a special dividend from the Reserve Bank of India (RBI) to fund a part of its Rs 2.11-lakh crore plan to recapitalise public
Read MoreEuro zone growth, eclipsing U.S. economy, set to be best in decade
The euro zone?s annual economic growth rate outstripped that of the United States in the third quarter setting up 2017 as the best year for the curren
Read MoreChina's economy cools as government curbs hit factories, property and retailers
China?s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government exte
Read MoreSteady manufacturing growth lifts steel demand
Now that IIP data has been made available for the first half of the current fiscal, it is possible to find out the implication of this growth for Indi
Read MoreGold ETFs register Rs 420 cr outflow in April-October FY18
Gold exchange-traded funds (ETFs) continued to lose sheen as an investment class, with investors pulling out over Rs 420 crore from such instruments i
Read MoreWarmer weather, rising non-OPEC output threaten oil market balance
Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the marke
Read MoreRetail digital payments: Unified Payments Interface (UPI) grows 149 pct, fastest of them all
The Unified Payments Interface (UPI) channel grew the fastest among all modes of retail digital payments in October, rising 149% month-on-month (m-o-m
Read MoreTo pare debt, Tata Power to sell Tata Communications stake valued at Rs 3368 cr
Tata Power Company plans to sell its entire direct and indirect stake of 17.5% in the group company ? Tata Communications to pare debt, as it strategi
Read MoreWPI inflation at 6-month high of 3.59% on costlier food, fuel
Inflation, based on wholesale rates, shot up to a 6-month high of 3.59 per cent in October as prices of food items and fuel rose sharply. As per the
Read MoreExports enters negative zone in Oct; trade deficit widens
Exports entered the negative terrain after over an year, contracting 1.12 per cent in October primarily due to liquidity problem being faced by export
Read MoreJeff Bezos bets on India: Amazon invests Rs 2900 crore more in Indian business
Amazon has invested another Rs 2,900 crore ($443 million) in its India unit as part of its commitment to invest $5 billion to expand its Indian busine
Read MoreBharti Airtel sells $508 million stake in tower arm Bharti Infratel
Mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees in a bi
Read MoreApollo Tyres lines up Rs 4,500-crore capex for next two years
Tyre major Apollo Tyres has planned a Rs 4,500-crore capital expenditure (capex) for financial years 2017-18 and 2018-19, to set up a greenfield facil
Read MoreLondon will remain Europe's financial capital
He told the BBC that the UK's departure from the EU would probably slow the capital's growth, but would not see it eclipsed by a European rival.London
Read MoreFinal deal with Uber linked to price, shares offered, says SoftBank
SoftBank has said its investment deal with cab-hailing app Uber is yet to be decided and will depend on the tender price and a minimum percentage shar
Read MoreDemonetisation effect: Mobile payments double in 1 year; 4G to aid faster growth than China
A year after demonetisation, cashless transactions have gone up substantially, mostly because of mobile wallets. According to a research by Counterpoi
Read MoreWith debt of Rs 3,850 cr, Patel Engineering debt recast plan gets RBI panel nod
Patel Engineering on Monday said the Overseeing Committee (OC) has approved the company?s debt recast plan under the Reserve Bank of India?s (RBI) sch
Read MoreIndia services export flat at $14 billion in September, import grows
Services export of India remained flat at USD 13.73 billion in September year-on-year while import slightly picked up to USD 8.45 billion, showed RBI
Read MoreUK inflation holds steady at 3%
Falls in fuel prices were offset by higher food costs, particularly the price of potato crisps, the Office for National Statistics (ONS) said.The Cons
Read MoreBoeing signs off on a $1.3 billion deal at Dubai Airshow
Boeing has announced it is to sell four cargo freighters to Ethiopian Airlines at a total list price of $1.3 billion. The order should see the aircraf
Read MoreAmazon to sell China cloud services unit in $300 million deal
Amazon.com Inc?s Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon?s Chinese web services business for up to 2 billion yua
Read MoreHOEC to produce oil from Mumbai field by 2021, invest $43 million
Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had wo
Read MoreWholesale inflation hits six-month high in October at 3.59% due to high food, fuel price
The Wholesale Inflation for October has surged to 3.59% to a six-month high, driven by faster rises in prices of food and fuel products, after registe
Read MoreRBI may leave rates on hold after higher prices, say experts
Stronger food and fuel inflation pushed up headline CPI inflation to a 7-month high in October and accordingly, the Reserve Bank is expected to stay o
Read MoreChina investment growth slows, industrial output misses expectations
China's fixed-asset investment growth slowed to 7.3 percent in the January-October period, and came in slightly below market expectations.Analysts pol
Read MoreGerman economy sees 0.8 percent growth in 3rd quarter
Germany's economy accelerated to growth of 0.8 percent in the third quarter, official data showed Tuesday, exceeding economists' expectations. Quarter
Read MoreRenewables capacity crosses 60GW
In a significant development, India?s total renewable energy capacity crossed 60,000 MW in the September quarter.The country added 10,000 MW in the la
Read MoreBond yields, call rate rise
Government bonds (G-Secs) dropped on selling pressure from banks and corporates. The 6.79 per cent 10-year benchmark bond maturing in 2027 slid to ?98
Read MoreOPEC points to larger 2018 oil supply deficit as market tightens
OPEC raised its forecast on Monday for demand for its oil in 2018 and said its deal with other producers to cut output was reducing excess oil in stor
Read MoreOutward remittances cross $1 bn in Sept 2017
The Liberalised Remittance Scheme (LRS), which allows resident Indians to send money abroad, is back in focus on account of money-laundering concerns.
Read MoreGST under revenue department
Work relating to the Financial Action Task Force (FATF) has been moved out of economic affairs to the revenue department, according to a recent offici
Read MoreJindal Stainless to focus on speciality steel
As part of its expansion strategy, Jindal Stainless plans to enter some unconventional areas of steel use ? defence, nuclear energy, aerospace and lon
Read MoreBidders for stressed assets face income tax hurdle
The sale of stressed assets by lenders could face a serious problem if the income tax (I-T) department demands a levy on the haircut and interest fore
Read MoreFirst tranche of bank recap bonds likely in December
The government may issue the first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds in the first week of December. ?The issue of bo
Read MoreWorld's Top Tech Giants Amass $1.7 Trillion in Monster Year
Between the FAANG quintet and China?s rivaling BAT companies, gains in the world?s top technology shares are nearing a whopping $1.7 trillion in marke
Read MoreCoal India records higher supplies to power sector in Q2
Coal India (CIL) clocked a growth of 13.6% year-on-year in overall coal off-take, 13.6% y-o-y in coal supplies to power utilities, 8.3% in coal produc
Read MoreInflows in equity MFs surges to Rs 2.86 lakh cr after note ban
Equity mutual funds registered a staggering inflow of Rs 2.86 lakh crore in the past 11 months bolstered by the ban on high value currency notes, late
Read MoreUco Bank bad loans: Looking to recover Rs 4000 cr, says MD & CEO RK Takkar
Public sector lender Uco Bank is looking to recover more than Rs 4,000 crore from bad assets in this financial year by means of cash recovery and upgr
Read MoreNon-food bank credit growth falls to 7.85%
Growth in non-food bank credit slipped to 7.85% year-on-year (y-o-y) during the fortnight ended October 28, from 8.42% in the previous fortnight. The
Read MorePune realty project: Ascendas may buy Blackstone stake
After buying one phase of Pune-based commercial real estate project Blue Ridge last year, Ascendas India Trust may be looking to buy out US-based priv
Read MoreIdea Cellular Q2 loss at Rs 1,107 cr; flags challenges
Idea Cellular Monday posted a loss of Rs 1,106.80 crore for the second quarter of the current fiscal, saying that the business was hit by pricing pres
Read MoreRetail inflation at 7-month high in October on higher food, fuel prices
The Consumer Price Index (CPI) or retail inflation stood at 3.58 per cent in October this year in comparison with 4.2 per cent in the same period last
Read MoreVodafone, Idea to sell telecom tower assets to ATC for $1.2 billion
Vodafone India Ltd and Idea Cellular Ltd on Monday said that they have separately agreed to sell their standalone telecom tower businesses to ATC Tele
Read MoreNotification No.RBI/2017-18/90
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/89
Statement on Developmental and Regulatory Policies - October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons
Read MoreNotification No.RBI/2017-18/88
Risk Management and Inter-Bank Dealings ? Simplified Hedging Facility
Read MoreNotification No.RBI/2017-18/87
Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs
Read MoreNotification No.RBI/2017-18/86
Inclusion of ?Au Small Finance Bank Limited? in the Second Schedule of the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2017-18/85
Exclusion of ?Commonwealth Bank of Australia? from the Second Schedule of the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2017-18/84
Cessation of ?Commonwealth Bank of Australia? as a banking company within the meaning of sub?section (2) of Section 36 (A) of Banking Regulation Act,
Read MoreNotification No.RBI/2017-18/83
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/82
Introduction of Legal Entity Identifier for large corporate borrowers
Read MoreNotification No.RBI/2017-18/81
Auction of Government of India Dated Securities
Read MoreF. No. F. 1/5/2011-SEZ / SO 3535(E)
Publish Date : Monday, October 30, 2017
Section 10 of the Income-tax Act, 1961
Publish Date : Thursday, November 9, 2017
Section 10 of the Income-tax Act, 1961 - Telangana Building and Other Construction Workers Welfare Board, a board established by the Governmentof Telangana
Publish Date : Thursday, November 9, 2017
Crisis-stricken General Electric to unveil painful roadmap to salvation
Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its e
Read MoreCoal India Q2 profit slumps 40% even as revenue rises 4%
Coal India Ltd (CIL) posted a 40 per cent drop in net profit to Rs.369 crore for the quarter ended September 30, against Rs.612 crore in the same peri
Read MoreDebit, credit cards, ATMs will be redundant in four years: Niti Aayog CEO Amitabh Kant
Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be redundant in next three-four years and people will use the
Read MoreRBI questions dealings under liberalised remittance scheme on laundering suspicion
Amidst the dust and heat around tax havens and black money, the Reserve Bank of India is scrutinising dealings under the liberalised remittance scheme
Read MoreIT spend by banks, security firms to cross $9 billion, says Gartner Principal Research Analyst Moutusi Sau
IT spending in Indian banking and securities firms is expected to grow by 11.7 per cent to reach USD 9.1 billion this year, driven by investments in d
Read MoreFMCG companies set to reduce prices, retailers worried about loss
After the 23rd GST Council meet last Friday revised tax rate on as many as 178 items from 28 per cent to 5-15 per cent, major FMCG (fast moving consum
Read MoreTrans-Pacific trade deal advances without United States
Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said o
Read MoreChina's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales
JD.com, China?s e-commerce behemoth, said on Sunday that sales for Singles? Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50
Read MoreCategory 3 AIFs see record capital inflows at Rs8,521 crore
In the first nine months of 2017, Category 3 Alternative Investment Funds (AIFs) have raised Rs8,521 crore (approximately $1.3 billion), which is more
Read MoreGovt may amend law to let Sebi act against unlisted units
The government may soon vest the Securities and Exchange Board of India (Sebi) with powers to act against insider trading and forward dealing activiti
Read MoreUber seals multibillion-dollar investment from Softbank
Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant. Uber Technologies Inc. confirmed
Read MoreNext step in GST recast: Lower end of tax slabs
The next rejig of goods and services tax will likely focus on the lower end of the rate slabs, as the country seeks to further streamline the structur
Read MoreEuro Economy Is Heading Towards a Golden Period
Europe is no longer the sick man of the world economy.The 19-nation bloc is already enjoying the strongest growth in a decade and now economists at Cr
Read MoreVodafone India, Idea to sell tower businesses to ATC for $1.2 billion
Vodafone India and Idea Cellular said that they have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom In
Read MoreIdea Cellular posts smaller-than-expected second loss
Telecom carrier Idea Cellular Ltd (IDEA.NS) posted its fourth straight quarterly loss on Monday, as it struggled with the aggressive pricing structure
Read MoreDetentions reawaken global oil markets to political risk
For the first time in three years, the chief concern in the oil market isn?t too much supply. Just as production cuts by OPEC and its allies finally d
Read MoreSupports to limit the downside in gold
It was a volatile week for gold. The yellow metal began the week on a positive note. Reports stating that the US tax reforms could be delayed by a yea
Read MoreFinished steel exports surge 45% in Oct; imports rise 11.5%
Export of total finished steel saw an annual jump of 45 per cent to 0.778 million tonnes during October 2017, according to official data. The overall
Read MoreRising oil prices douse foreigners? rekindled fire for Indian equities
Just when it seemed that foreigners were beginning to warm up to Indian stocks after dumping them for over two months, the latest surge in oil prices
Read MoreGovernment to start Rs34,000 crore BharatNet phase 2 from Monday
The government will start its second and final phase of BharatNet project on Monday? with an outlay of around Rs34,000 crore?to provide high-speed bro
Read MoreVedanta eyeing more stressed steel assets
Vedanta is looking to up its ante in the battle for stressed steel assets, albeit a little late. The natural resources conglomerate had submitted an e
Read MoreRussian firms expand footprint in India
If you are not clued in, it?s unlikely you have heard of the VTB Group. It owns the second-largest bank in Russia, is known for its closeness to Presi
Read MoreStamp duty, property tax may stay out of GST
Real estate may not fully come under the goods and services tax (GST) because the stamp duty and property tax can stay out of its ambit, suggests a pr
Read MoreIndian logistics sector to grow by 9?10% per annum: ICRA
Terming the outlook for logistics companies as positive in the medium term, rating agency ICRA today said India?s logistics sector is likely to grow b
Read MoreAirbus, Boeing close in on Dubai deals worth $30bn
A battle for orders erupted on day one of the Dubai Airshow yesterday, as Europe?s Airbus and its United States arch-rival Boeing prepared to fire ope
Read MoreHong Kong, Southeast Asian nations sign free-trade, investment agreements
Hong Kong signed a free-trade agreement and an investment deal Sunday with the Association of Southeast Asian Nations in pacts that it said are a vote
Read MoreFuture GDP growth to come from manufacturing: Suresh Prabhu
Commerce and industry minister Suresh Prabhu on Sunday said the services industry had grown at the expense of manufacturing and agriculture and his go
Read MoreAdani Power, GMR Energy, Lanco Infra hit by faulty fuel index; power firms losses soar to Rs 8400 cr
A faulty fuel escalation index, which excludes assorted taxes and levies on coal and its transportation via the railways, has caused under-recoveries
Read MoreIndia, Canada seek to put free trade pact in fast lane
India and Canada will make efforts for expeditious conclusion of a Comprehensive Economic Partnership Agreement on goods and services at the annual mi
Read MoreAir India gets Rs 1,500-cr loan from Bank of India
Debt-laden Air India has received a loan worth of Rs 1,500 crore from Bank of India to meet urgent working capital needs less than a month after float
Read MoreGold futures slide on weak global cues; Silver rises
Gold prices fell 0.25 per cent to Rs 29,587 per 10 grams in futures trade today as participants cut down their bets amid a weak global trend. At the M
Read MoreMotorola makes a strong comeback in US
Motorola made a significant comeback in the US in the third quarter this year, almost doubling its volumes and market share annually and was the faste
Read MoreProvide doorstep banking to those aged above 70 years by December 31: RBI
Senior citizens of more than 70 years of age and the differently-abled can look forward to availing of basic banking services, right from the comfort
Read MoreEPFO may cut interest rate to 8.5% for FY18, but equity play may boost your returns
Provident fund subscribers are likely to get a lower rate of interest on their retirement corpus this fiscal year, but a senior official said the tota
Read MoreIndia's aviation market to be third largest in the world by 2027
With its consistent double-digit growth in domestic passenger traffic, India set to be the third largest aviation market in the world by 2027. In the
Read MoreA political shock throws Lebanon's economy back into crisis
Just when things were starting to look up for Lebanon's economy, a new political crisis threatens to send it crashing down again. Prime Minister Saad
Read MoreWorld economic outlook for 2017 and beyond
The year 2017 can be chalked down as a prosperous one for the world economy. Wherever we live, as we celebrate the end of a good year, we also welcome
Read MoreFed policymaker sees further rate rises
John Williams, who sits on the Fed's Open Markets Committee, said a rate rise in December "makes sense, at least based on the information I have today
Read MoreInvestors have nothing to worry as gloomy days are over for Indian economy
India?s GDP growth had slowed to 5.7 percent in Q1, as demonetisation and the new goods and services tax (GST) seems to have impacted economic activit
Read MoreBilateral trade between India and Ghana may touch $5 billion
The new envoy of Ghana has said bilateral trade between India and his country is expected to touch $5 billion in the next three years. ?Bilateral trad
Read MoreSingapore keen on starting new ventures in Tamil Nadu: Consul General Roy Kho
Singapore is keen on starting new ventures in Tamil Nadu and strengthening its ties with India, a diplomat of the country has said. "Singapore account
Read MoreGSTR-4 deadline for July-Sept quarter extended to Dec 24
Filing of GSTR-4 for July-September quarter extended to Dec 24, 2017; transition credit form can be filed by Dec 31, 2017, said finance secretary Hasm
Read MoreComposition scheme for small taxpayers extended to Rs. 1.5 crore
The GST Council in its 23rd meeting in Guwahati has decided to increase the threshold for composition scheme once again to Rs 1.5 crore and also decid
Read MoreGST rate on restaurants slashed to 5%: Now your bills for eating out will come down
Dining out will turn cheaper, with the GST Council on Saturday slashing the tax on restaurant bills. A uniform 5 per cent tax will be levied for all r
Read MoreAxis Bank to raise Rs 11,626 crore from Bain Capital, LIC
Beleaguered Axis BankBSE 0.72 % secured a lifeline after a Bain Capital-led consortium agreed to invest $1.8 billion in the country's largest private
Read MoreEmirates NBD invests $100 m in India operations
Emirates NBD, a leading banking group in West Asia, has invested $100 million in its India operations, a top official said.The bank has opened its fir
Read MoreEssar Steel insolvency case: Lenders, creditors claims soar to Rs 77,700 cr from Rs 50,000 cr
Financial claims received by the resolution professional (RP) for Essar Steel from lenders, operational creditors and employees have crossed Rs 77,770
Read MoreChina?s Toutiao is buying Musical.ly in a deal worth $800M-$1B
Musical.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement
Read MoreCountdown to Brexit: UK to leave European Union on March 29, 2019 at 11 pm
The United Kingdom will exit the European Union (EU) at 11 p.m. on March 29, 2019, British Prime Minister Theresa May announced on Friday. May outline
Read MorePetronet looks to buy stake in Qatari LNG projects
Petronet LNG Ltd is eyeing a stake in the planned LNG expansion projects in Qatar as it looks to venture overseas to diversify its portfolio, its MD a
Read MoreForex reserves drop to $398.739 billion as on Nov 3
India?s forex exchange reserves dropped by $22.2 million as on November 3 to $398.739 billion, data from the RBI shows. Foreign currency assets, which
Read MoreBank of Maharashtra cuts loss by 93% but NPAs go up to 18.54%
Bank of Maharashtra reported a 93% reduction in net loss to Rs 23.24 crore during Q2FY18. BoM?s operating profit went up by 62% during the quarter to
Read MoreState Bank of India standalone net at Rs 1,582 cr, down 38%
State Bank of India (SBI) on Friday reported a standalone net profit of Rs 1,582 crore for the September quarter of FY18, down 38% year-on-year (y-o-y
Read MoreVedanta plans to invest $850-mn to raise Rajasthan oilfields output
Vedanta Ltd on Friday announced a $850 million investment for raising oil and gas production from its Rajasthan oilfields by about 100,000 barrels a d
Read MoreM&M Q2 net profit jumps 25% to Rs 1,332 cr
Home-grown utility vehicles major Mahindra and Mahindra today reported a 24.79 per cent increase in standalone net profit at Rs 1,331.57 crore for the
Read MoreRIL to foray into co-branded apparel business with ?RElan?
Reliance Industries Ltd (RIL), which has recently introduced RElan?a portfolio of specialty fabrics, is in talks with several apparel brands for co-br
Read MoreDisinvestment drive: Bharat 22 ETF NFO to raise Rs 8000 cr
The government will launch the first tranche of a very broad-based exchange-traded fund (ETF) comprising its stakes in several blue-chip PSUs and priv
Read MorePoor manufacturing show pulls down IIP growth to 3.8% in Sept
Industrial production grew at a slower pace of 3.8 per cent in September, mainly due to the subdued performance of the manufacturing sector coupled wi
Read MoreAxis Bank to raise Rs 11,626 crore from LIC, Bain Capital
Private sector lender Axis Bank on Friday said it will raise equity and equity-linked capital of Rs 11,626 crore by selling shares and warrants to a g
Read MoreFrom 230 items in 28 pct slab, just 50 remain; sin goods, cement still in top slab
Having undergone constant administrative/structural changes and rate revisions since its July launch, it was an overhaul that awaited the goods and se
Read MoreChina widens foreign access to its giant financial sector
China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services mark
Read MoreOil prices to remain at $57-65 a barrel for some time: HPCL CMD M K Surana
State-run Hindustan Petroleum Corporation (HPCL) is approaching a new era in its history with the Oil and Natural Gas Corporation (ONGC) set to grab a
Read MoreFlipkart switches to consumer brand mode
Stepping up competition in the e-commerce space, Flipkart is swiftly moving into its own consumer durable products and electronic devices as part of i
Read MoreMagma Fincorp approves scheme of merger with Magma ITL Finance
Non-banking financial company (NBFC) Magma Fincorp today approved merger of its wholly-owned subsidiary Magma ITL Finance with itself. The board also
Read MoreIndian leather exports may remain flat this fiscal
Reduction in duty drawback incentive and delay in GST refund may take the sheen of Indian leather exports that have been witnessing a downward trend i
Read MoreCar sales down 5.32%; passenger vehicle sales dip marginally in October
Festive season failed to bring cheers to automobile manufacturers as domestic passenger vehicle sales dropped marginally in October, the first decline
Read MoreAgri sector's contribution to GDP up by 2%: Arjun Ram Meghwal
Union Minister of State for Water Resources Arjun Ram Meghwal today said the agriculture sector's contribution to the country's GDP has increased unde
Read MoreThe risk of rising crude oil prices
As a large importer of crude oil, India benefited significantly from lower prices. It helped contain inflation and had a favourable impact on both the
Read MoreSimplified hedging facility from January 1: RBI
The RBI today came out with simplified norms for hedging exchange rate risk under which companies can take exposure of up to USD 30 million on gross b
Read MoreProvide doorstep banking to those above 70 by December 31: RBI
Senior citizens of more than 70 years of age and the differently-abled can look forward to availing of basic banking services, right from the comfort
Read MoreJapan manufacturers' mood slips but hovers near decade high
Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed, but it remained strong
Read MoreIndian labour market seeing a shift towrds gig economy
Indian labour market is seeing a shift towards gig economy, with an increasing number of workers seeking contractual or freelancing opportunities, and
Read MoreRising food prices to push India October inflation to 7-month high
India's retail inflation is forecast to have sped up to a seven-month high in October, led by a rebound in food prices as unexpected rains destroyed c
Read MoreModi said to approve $14 billion injection to rural road plan
Prime Minister Narendra Modi is planning to spend an additional $14 billion to provide road connectivity in India?s remote villages by March 2020, off
Read MoreGST Council meeting Live updates: Only 50 items to remain in 28 percent slab
GST Council meeting Live updates: In a massive relief for common people, only 50 items will remain in the slab of 28 per cent. The decision was taken
Read MoreBusinesses can revise GST transition claim form now
GST Network today said businesses can now make changes to the forms uploaded on the portal to claim transition credit. ?The facility to revise Form GS
Read MoreGST Council cuts rates on 177 items; chocolates, shampoo to attract 18% tax
The GST Council today decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28 per cent tax bracket. "Lower 18 per cent GST will
Read MoreNotification No.107/2017 Customs (N.T.)
Exchange Rates Notification No.107/2017-Custom(NT) dated 09.11.2017
Read MoreNotification No.106/2017 Customs (N.T.)
Exchange Rates Notification No.106/2017-Custom(NT) dated 8.11.2017
Read MoreNotification No.105/2017 Customs (N.T.)
Exchange Rates Notification No.105/2017-Custom(NT) dated 7.11.2017
Read MoreNotification No.104/2017 Customs (N.T.)
Exchange Rates Notification No.104/2017-Custom(NT) dated 6.11.2017
Read MoreNotification No. 84 /2017 Customs
seek to (i) increase rate of basic customs duty on Peas, (Pisum sativum) from present Nil rate to 50%. (ii) increase rate of basic customs duty on whe
Read MoreNotification No. 93/2017
[ Notification No. 93/2017/F. No. 501/1/83-FTD.II]
Read MoreCircular No.28 of 2017
Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
Read MoreBrussels Airlines plans to expand services to India
Brussels Airlines? newly opened route connecting Mumbai with the European city is ?approaching profitability?, Bernard Gustin, CEO, Brussels Airlines,
Read MoreTata Motors Q2 profit jumps three-fold to Rs 2,483 cr
Tata Motors Ltd reported a nearly three-fold rise in quarterly profit on Thursday, blowing past estimates, helped by higher sales from its Jaguar Land
Read MoreGerman exports dip, but robust orders brighten outlook
Germany?s imports and exports both fell in September as its trade surplus widened, highlighting the importance of domestic consumption as a driver of
Read MoreWhy it pays to pay your income tax
The income tax (I-T) department has proposed monetary rewards for honest taxpayers depending on the tax paid. According to the proposal, the reward wi
Read MoreVedanta may top race for stressed assets
Metal and mining firm Vedanta seems to be in the pole position to grab stressed assets that are up for auction under the Insolvency and Bankruptcy Cod
Read MoreJust Dial surges 20% on talks of takeover by Google
Just Dial surged 20% to Rs 551 on the National Stock Exchange (NSE) in early morning trade after the media report suggested that the US internet giant
Read MoreTruecaller in talks with Airtel for Africa venture
Swedish phone-app developer True Software Scandinavia AB is in talks with wireless operators including Bharti Airtel to expand its fast-growing Truec
Read MoreAdidas profits surge on strong own-brand sales
German sportswear giant Adidas on Thursday reported a spike in third-quarter profits powered by strong demand for its own-brand products, as it drafte
Read MoreEuro zone to grow fastest in decade in 2017, to slow slightly in 2018, 2019
The eurozone economy will grow at its fastest pace in a decade this year, the European Commission forecast on Thursday sharply increasing its projecti
Read MoreChina, US ink deals worth more than $340b
Chinese and American firms inked a slew of energy, industrial and financial pacts worth more than US$250 billion (S$340 billion) yesterday in what cou
Read MoreUrjit Patel?s forex policy makes for a more nimble rupee, says JPMorgan
The Reserve Bank of India?s currency intervention policy during governor Urjit Patel?s term is allowing for greater two-way rupee movement than under
Read MoreFund-raising cost from corporate bond market up
The cost of raising funds from the Indian corporate bond market has gone up in October with the spread of corporate bonds widening over government bon
Read MoreHow to develop digital economy: Huawei moots 4-pronged strategy
Taking a cue from American psychologist Abraham Maslow?s theory of ?Hierarchy of Needs? that speaks about a five-tier model of human needs, Chinese IC
Read MoreDeal activity slows down Y-o-Y in Oct, says Grant Thornton
Deal activity via M&As and PE dropped in October compared to the same period last year, even as the month failed to witness any big-ticket transaction
Read MoreHPCL net profit more than doubles to Rs 1,735 crore
State-run Hindustan Petroleum Corporation (HPCL) has posted a 147.5 per cent increase in its net profit for the second quarter of the financial year t
Read MoreGST Council meet: Tax on 140 items to fall from 28 pct; quarterly returns for all
The Goods and Services Tax (GST) Council could bring down the tax rate on as many as 140 items from the highest slab of 28% as it meets in Guwahati on
Read MoreIndia?s Q3 gold demand drops 24% to 145.9 tonnes: WGC
India?s gold demand in the third quarter this year fell 24 % to 145.9 tonnes as the implementation of GST and anti-money laundering legislation (AML)
Read MoreIMF URGES SA TO LAUNCH REFORM PLAN TO BOOST ECONOMY
South Africa should implement reform to restore confidence in the economy soon, the International Monetary Fund (IMF) said on Wednesday, citing rising
Read MoreThe Real Risk to the Global Economy
One of the great mysteries of today?s global markets is their irrepressible enthusiasm, even as the world around them appears on the verge of chaos or
Read MoreDollar weakens on U.S. tax reform worries
he dollar slipped to a more than one-week low against the yen on Wednesday, pressured by worries over possible delays to President Donald Trump?s tax
Read MoreIndia moves into future at an unprecedented rate, says report
India has opted for a digital pathway to move at an unprecedented rate into the future, but the country still has a long way to go to reach its full p
Read MoreChina?s strong factory gate inflation shows economic momentum still robust
China?s producer prices were surprisingly strong in October, while consumer inflation picked up pace in a sign the economy remains robust, with analys
Read MoreGST Council might take these measures to simplify the tax
GST Council, the apex decision-making body for the Goods and Services Tax, will meet in Guwahati later this week to deliberate on more measures to mak
Read MoreOver 200 items may get cheaper as GST Council likely to announce major tax cut
Weeks after Revenue Secretary Hasmukh Adhia called for a complete overhaul of the tax rates, it has been reported that the GST Council is likely to cu
Read MoreCity Union Bank's net profit grows 17% to Rs 145 cr
City Union Bank has posted a growth of 17 per cent in net profit at Rs 144.75 crore during the quarter ending on September 30, 2017. Last year, the ba
Read MoreTarget 20% YoY growth; open for inorganic opportunities: Manappuram Finance
Manapurram Finance reported Q2 earnings that were below estimates. Assets under management (AUM) growth has declined for the first time in 12 quarters
Read MoreOne year after demonetisation: These 11 charts show how it affected Indian economy
On the one year anniversary of prime minister Narendra Modi?s demonetisation announcement, experts and politicians on all sides have been debating whe
Read MoreFlipkart eyes Pepperfry for strategic investment
Flipkart has initiated talks with India?s top online furniture marketplace Pepperfry for a strategic investment, said four people familiar with the ma
Read MoreArvind to spin off apparel, engineering businesses
Arvind Ltd has demerged its branded apparel and engineering businesses into separate companies and plans to list them on stock exchanges through a Nat
Read MoreGST Council to look at 5% rate on job work for all sectors
Exporters are hopeful that the Goods and Services Tax (GST) Council will decide in favour of bringing about a uniform rate of GST on job work for all
Read MoreQatar Foundation exits Airtel, sells stake for Rs 9,600 crore
The Qatar Foundation, a non-profit run by Qatar?s royal family, said on Wednesday that it had sold its five per cent stake in telecom major Bharti Air
Read MoreCentre looking at bringing realty, power under GST
In a significant widening of the tax base of the Goods and Services Tax, the Centre and States will discuss including electricity and real estate with
Read MoreEconomy may pick up in Q2FY18, putting GST, demonetisation impact behind
Going by corporate results so far, the economy might have bounced back in the September quarter of this financial year (FY18), after the pressure from
Read MoreRBI's liquidity clean-up to push up bond yields
One year after demonetisation was announced, banking system liquidity is still in the surplus territory even as the central bank and the government us
Read MoreIRDAI makes it mandatory for individuals to link existing policies with Aadhaar
After Reserve Bank of India, Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for individuals to link existing po
Read MoreOnly 62 items likely to stay in 28% GST slab
Those planning to buy new furniture or refit electric switches might have to pay less after Friday, as the GST (goods and services tax) Council is lik
Read MoreIndia set to buy 49% in Russia oilfield by Feb
A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 per cent stake in Russia?s Vankor cluster oilfields owned by Rosne
Read MoreUber Partners With NASA For "Flying Cars"
Car-hailing company Uber is heading to the skies. The company announced a partnership with NASA today to devise a plan to work together on making low-
Read MoreChina's Tencent Buys Stake in Struggling Parent of Snapchat App
Tencent Holdings Ltd. has acquired about a 12 percent stake in Snap Inc., taking advantage of a decline in the social media company?s share price sinc
Read MoreJD.com commits to buying more than $2bn of US goods over next three years
China?s JD.com has signed agreements to buy in excess of $1.2bn of beef from The Montana Stock Growers Association (MSGA) and pork from Smithfield Foo
Read MoreIndia?s Q4 gold imports may fall 25% on weak festival demand
India?s gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek
Read MoreShort-tenor Indian bonds find favour as rate cut hopes dashed
Longer-maturity bonds are losing their allure with money managers in India as an increasingly hawkish central bank prompts investors to roll back expe
Read MoreIndian banks? deposit growth slows to pre-note ban levels
Indian banks? deposit growth, which had surged after demonetisation last November, has slowed to pre-demonetisation levels, while credit growth has ga
Read MoreUnited Breweries profit soars 247 pct to Rs 93.84 cr on spirited volume growth
Fuelled by a spirited volume growth in its major markets, beer maker United Breweries (UBL) on Wednesday reported a 247% year-on-year rise in its net
Read MoreHomestay Airbnb India revenues jump 238 pct, but profits drop by 35 pct
Airbnb, the online global homestay and alternative accommodation aggregator, reported a 238% rise in revenues from its India operations while the net
Read MoreAdani Power inks power purchase agreement with Bangladesh Power Development Board
Adani Power said on Wednesday its arm Adani Power (Jharkhand) has inked long-term pact with Bangladesh Power Development Board to supply electricity f
Read MoreTo avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already
The Central Board of Direct Taxes (CBDT) on Wednesday said the income accruing to non-residents due to indirect transfer or redemption of shares in a
Read MorePower bourses not same as stock markets; caps can?t be raised to 15 pct: FinMin
The finance ministry has opposed raising the individual cap on foreign investment in power exchanges to 15% from the current 5% by treating them on a
Read MoreJNPT,Kandla SEZ will help create employment opportunities: Nitin Gadkari
Union minister Nitin Gadkari today announced setting up of a Special Economic Zone (SEZ) at JNPT in Mumbai and Kandla in Gujarat, which will help in g
Read MoreIndia slips to 7th position in business optimism ranking: Grant Thornton survey
India has slipped to the 7th position this quarter in business optimism ranking in Grant Thornton?s International Business Report (IBR) survey. Last
Read MoreNigeria targets recovery in record budget for 2018
Nigeria has set out its budget for 2018, aimed at helping the economy recover from its first recession in 25 years. President Muhammadu Buhari announc
Read MoreSwiss engineering group ABB to expand traction transformer business in India
Swiss engineering group ABB said today that it will expand its traction transformer business in India to drive competitiveness. India?s expansion is a
Read MorePoor thermal power generation activity in India forces PowerGrid to eye Brazil projects
PowerGrid Corporation of India is planning to bid for transmission packages in Brazil on engineering, procurement and construction (EPC) basis by Dece
Read MorePayPal Launches Operations in India
Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a d
Read MoreInternational banking must for better growth prospects:World Bank
The restrictions imposed on foreign banks operating in developing countries since the 2007-09 global financial crisis are hampering better growth pros
Read MoreSuez Canal zone, DP World sign agreement for development of economic zone in Egypt's Sokhna
Egypt's Suez Canal Economic Zone Authority and Dubai Ports World signed a partnership agreement to develop an integrated industrial and residential zo
Read MoreHow safeguarding intellectual property benefits Singapore?s economy
As global competition intensifies, it is more important than ever for firms to stand out. Intellectual property (IP)?from brands and trademarks to pat
Read MoreWorld stocks index dips after breaking record, oil near 2-1/2-year high
A global rally in stocks paused on Tuesday, halting a nine-day advance that had sent the most widely tracked index of world stock markets to record hi
Read MoreOne year of demonetisation: MFI industry recovering slowly
With the completion of one year of demonetisation, leading players of the micro-finance industry (MFI) were of the view that things were recovering sl
Read MoreNote ban a year on - Cash still king as digital payments inch up slowly
If demonetisation was a push for a cashless economy, it has been working very slowly . Reserve Bank of India data shows the usage of wallets, non-UPI
Read MoreQ4 gold imports may fall 25 per cent on weak festival demand
India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek
Read MoreIndia more attractive to do business than World Bank ranking suggests, says Arvind Panagariya
Observing that the recent increase in India?s ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today
Read MoreIOB net loss widens to Rs.1,222 cr in Q2
Public sector Indian Overseas BankBSE -1.78 % (IOB) today reported widening of its net loss by nearly 60 per cent at Rs 1,222.50 crore for second quar
Read MoreFPIs continue to remain bullish on govt bonds
Foreign portfolio investors (FPIs) put in bids worth Rs 7,093 crore for government bonds, against an available limit of Rs 3,476 crore at Monday?s auc
Read MorePunjab & Sind Bank cuts MCLR by up to 0.10% for select tenors
Punjab & Sind Bank (PSB) has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.10 per cent for a select maturities from today."A
Read MoreAltico Capital plans to raise Rs. 7,000 cr
Altico Capital, a non-banking finance company promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, has got the board appro
Read MoreChina's Oct FX reserves rise slightly in ninth month of gains
China?s foreign exchange reserves rose in October for a ninth straight month, but at a slower pace than market expectations, as tighter regulations an
Read MoreAkzoNobel India to sell specialty chemicals biz for Rs 320 crore
Paints and coatings firm AkzoNobel India today said it will sell its specialty chemicals business as a going concern to an affiliate of the AkzoNobel
Read MoreSuzuki Motorcycle mulls second plant in India
Suzuki Motorcycle India Pvt Ltd (SMIPL), the wholly-owned two-wheeler arm of Suzuki Motor Corp, is considering setting up a new plant in the country t
Read MoreIndia Inc foreign borrowings down 40 per cent
Indian companies raised 40 per cent less in foreign currency loans this year till date at $13.5 billion against $23.6 billion in the same period of 20
Read MoreQatar Foundation to sell 5% in Airtel
The Qatar Foundation Endowment is likely to sell up to 199.9 million shares, comprising a 5 per cent stake, in Bharti Airtel on Wednesday at about Rs
Read MoreBond yields rise on crude shock
The yields on the 10-year bond rose to a six-month high of 6.93 per cent on Tuesday as crude oil prices spiked to $64 a barrel a day earlier on politi
Read MoreInfosys to open innovation hubs in US, says Nandan Nilekani
Software major Infosys is opening an innovation hub in Indiana and would hire 2,000 people for it, with plans to set up many more such hubs in the U.S
Read MoreRising crude oil prices fuel market fall
Surging global crude oil prices triggered a huge sell-off in domestic equities and bonds on Tuesday. Brent crude oil spot prices surged 3.5 per cent t
Read MoreGST Council to trim list of items in 28% tax slab
The GST Council is set to trim the list of items in the highest tax slab of 28% by shifting some items of common use as well as products made predomin
Read MoreStates get Rs 5,000 crore National Rural Employment Guarantee Scheme funds
The government has started the second phase of release of funds to states for the National Rural Employment Guarantee Scheme, transferring close to Rs
Read MoreTelcos likely to see single-digit revenue growth in 2018: Fitch
India?s financially stressed telecom industry is likely to see ?mid-single-digit percentage revenue growth? in 2018, helped by increased data consumpt
Read MoreIT sector fundamentally strong and growing: Kris Gopalakrishnan
Dispelling fears that IT industry is laying off large number of employees, former Infosys co-founder Kris Gopalakrishnan has said there is no massive
Read MoreMaharashtra SEZ units to get more tax sops
The Maharashtra government has decided to offer more tax sops to SEZs and co-developers of industrial areas in the State. The exemption on stamp duty
Read MoreTata Chemicals to sell Haldia fertiliser biz for Rs 375 cr
Tata Chemicals said its board has approved the sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs 375
Read MoreClarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
Publish Date : Tuesday, November 7, 2017
PH economy can ?overheat? on strong credit growth ? IMF
The International Monetary Fund (IMF) has flagged potential overheating due to strong credit growth in the Philippines, even as the country?s overall
Read MoreCorporate giants investing hugely in water security, says Report
Global corporate giants are investing hugely in water security and management with a three-fold rise in just one year, an annual water report said on
Read MoreMobile-ready India infuses new life into Open Source, says Red Hat
Open Source technologies like Linux have helped innumerable tech start-ups to flourish and one company that can take credit for providing entrepreneur
Read MoreSalesforce, Google announce strategic Cloud partnership
In a strategic partnership that is set to disrupt the global Cloud market, US-based Cloud computing company Salesforce has joined Google to deliver sm
Read MoreOla teams up with Microsoft for connected vehicle platform
Ride hailing app Ola today announced a global partnership with tech giant Microsoft for building a new-age ?connected vehicle platform? for car manufa
Read MoreBank of Maharashtra cuts MCLR by 0.5% for all tenors
Public sector Bank of Maharashtra has cut its marginal cost of funds based lending rates (MCLR) by 0.05 per cent for all the tenors up to one year wit
Read MoreMining sector can churn out 25 million jobs in country: HZL CEO Sunil Duggal
Vedanta Group's Hindustan Zinc Ltd (HZL) today said that the mining sector, which is aiming to contribute 7-8 per cent to the GDP, has the potential t
Read MoreCrude steel output jumps 5.5% to 8.65 MT in October
Domestic crude steel production rose by 5.5 per cent to 8.65 million tonnes (MT) in October 2017 compared to 8.19 MT in the same month last year, acco
Read MoreChina and Australia ink fintech deal to share information on new trends
China and Australia's regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in ea
Read MoreAsian shares hit 10-year highs, oil slips after rally
Asian shares rallied to their highest in a decade and Japan?s Nikkei climbed to its best close since 1992 on Tuesday, while oil prices held most of th
Read MoreRetailers hit by worst non-food sales growth on record
Non-food sales rose by just 0.2% in the year to October, the weakest growth since the BRC began measuring the category in January 2011. The BRC said t
Read MoreEconomic reforms to help support long-term growth, says BMI Research
India is expected to remain one of the fastest growing emerging markets with real GDP growth averaging 6.5 per cent over the next five fiscals, though
Read MoreArun Jaitley hints at pruning more items in the 28% GST slab
Finance Minister Arun Jaitley has hinted at pruning the list of items in the highest GST tax bracket of 28 per cent after revenue in the new regime eq
Read MoreAbu Dhabi fund to invest Rs 2,000 crore in Cube Highways & Infrastructure
The Abu Dhabi Investment Authority (ADIA) would buy a minority stake for about $300 million (Rs 2,000 crore) in Cube Highways & Infrastructure, markin
Read MoreBuzz is back in rural markets after 9 months
After remaining lackadaisical for nearly nine months, rural growth is gradually showing signs of improvement thanks to three key reasons. Real rural w
Read MoreEquity MFs' assets triple in April-Oct
Mutual funds continue to attract flows from investors with assets under management (AUM) of the industry rising Rs 51,148 crore in October to touch a
Read MorePaytm plans to invest another Rs 5,000 crore in payments business over three years
Paytm, India's largest online payments and mobile wallet company, will invest another Rs 5,000 crore in the business over the next three years, founde
Read MoreSebi plans further rise in public float
The Securities and Exchange Board of India is mulling another increase in minimum public shareholding (MPS) requirements from the current 25 per cent
Read MorePE firm Everstone Group to acquire Kenstar from debt-ridden Videocon
Private equity firm Everstone Group on Monday said it had agreed to buy home appliances brand Kenstar from debt-ridden Videocon group. The Videocon gr
Read MoreEuro zone growth robust in October, prices pressures stirring: PMI
The euro zone?s economy is on track for a strong finish to 2017 and firms are passing on more of their costs to consumers as pricing power increased,
Read MoreSoftBank raising stake in Sprint, reports falling profit
Japanese internet and solar company SoftBank Group Corp. is raising its stake in Sprint Corp. after merger talks with T-Mobile collapsed, signaling it
Read MoreBroadcom offers $105 bn for Qualcomm in landmark deal
Broadcom offered about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock t
Read MoreGrowth imperatives in steel sector need to be addressed quickly
Belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability
Read MoreGold prices move down Rs 115 after safe haven appeal hit
Gold came under pressure from a rising dollar with a fall of Rs 115 to Rs 30,135 per 10 grams today, which was compounded by tepid demand from local j
Read MoreOil prices edge down from near 2-1/2 year high
Oil prices edged lower on Tuesday after posting the biggest gains in six weeks a day earlier, buoyed by moves by Saudi Arabia?s crown prince to tighte
Read MoreFPIs continue to acquire investment limits in G-Secs
Foreign portfolio investors (FPIs) continue to show interest in central government securities even as they acquired all the available limits during Mo
Read MoreIndia Bond Yields Rise to 6-Month High as Oil Boosts CPI Concern
India?s benchmark sovereign bond yields climbed to a six-month high, as rising Brent crude prices added to concern that inflation will accelerate, dam
Read MoreCube Highways stake sale: UAE body to buy $350 mn stake; company to invest $1 bn in roads and highways
Cube Highways, formed by the two leading global financial institutions ? I Squared Capital and the International Finance Corporation ? on Monday annou
Read MoreNote ban: Over 20,000 I-T returns picked for detailed probe
The Income Tax Department has picked 20,572 tax returns for "detailed scrutiny" suspecting discrepancies in incomes before and after demonetisation ,
Read MoreBig relief for 32,000 homebuyers, SC orders Jaypee Infra to deposit Rs 1000 cr, not just Rs 400 cr
The Supreme Court on Monday asked Jaiprakash Associates (JAL), obligated to cover part of its arm Jaypee Infratech?s liability towards 32,000 homebuye
Read MorePSB recapitalisation: Narendra Modi government set to dictate terms to even the strongest lenders
The government is considering making fresh capital infusion into public-sector banks (PSBs) under the recently announced Rs 2.11-lakh crore plan condi
Read MoreOil rises to highest since mid-2015 on Saudi purge, tighter markets
Oil prices hit their highest since July 2015 on Monday as Saudi Arabia?s crown prince cemented his power over the weekend through an anti-corruption
Read MoreMNCs should publicly report revenue details: US think-tank on Paradise Papers
Multinational companies should be required to publicly report their number of employees, facilities and their revenue on a country-by-country basis to
Read MoreDigital transactions shoot up post demonetisation
Digital payment companies have seen a substantial jump in their business as a result of the government's measures towards promoting cashless transacti
Read MoreUK's Aldermore agrees $1.3 billion takeover by FirstRand
South African lender FirstRand has agreed a 1.1 billion pound ($1.3 billion) takeover of British banking newcomer Aldermore Group to boost its busines
Read MoreIMF Visits Myanmar for Annual Economic Checkup
An International Monetary Fund delegation visits Myanmar this week for an annual economic checkup of a country whose treatment of its Rohingya Muslim
Read MoreGST could soon be in for the most comprehensive tweak since its launch
The goods and services tax could be in for a revamp that?s more comprehensive than the tweaks that have been made thus far to iron out kinks to make c
Read MoreCAIT suggests form can be filed on monthly basis
Confederation of All India Traders today suggested that the Centre ask traders, whose turnover is up to Rs 100 crore annually, to file form GSTR-3B on
Read MoreAfter one year of demonetisation, sharp decline and quick recovery defined Indian smartphone market
The first three quarters of 2016 were going just great and smartphone players had raked in super profits right up to Diwali ? then demonetisation caug
Read MoreMoody?s cuts RIL credit outlook to stable but affirms ratings
Citing a likely negative free cash flow situation due to heavy debt repayments over the next 18 months, global ratings agency Moody?s has lowered the
Read MoreGoa government likely to hike spending on education sector
The Goa government is contemplating the possibility of increasing the spending on educational sector to 5-6 per cent of the gross domestic product, Ch
Read MoreChina Oct data to show economy resilient even as momentum fades slightly
A burst of Chinese data over the next few weeks is expected to show the world?s second-biggest economy cooled further in October as policy makers har
Read MoreJapan October services PMI rises to more than two-year high as new orders accelerate
Japan?s services sector grew at the fastest pace in more than two years in October as new orders accelerated sharply, suggesting the economy is picki
Read MoreIndia Inc raises over Rs 36,000 cr via QIP in April-September
Indian firms mobilised over Rs 36,000 crore through issuance of shares to institutional investors during April-September period of the current fiscal,
Read MoreChina's Central Bank Chief Warns of ?Sudden, Contagious and Hazardous? Financial Risks
China?s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has ma
Read MoreFPIs turn net buyers in October; invest Rs 3,000 crore in equities
After two months of intense selling, foreign investors turned net buyers in October to invest over Rs 3,000 crore in stocks, enthused by the governmen
Read MoreHungry Ecomm Cos Eye Food Delivery Space
After grocery , food delivery is emerging as the next big frontier for India's largest ecommerce companies. Flipkart, Paytm and Amazon India are all a
Read MoreGovt to give 60% stake in ONGC, OIL fields to private companies
Nearly 25 years after Oil and Natural Gas Corp. Ltd?s (ONGC?s) prime oilfields were privatized, the oil ministry has identified 11 more functional oil
Read MoreGST Network's new facility for exporters to claim refunds
The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refun
Read MoreForeign currency high yield bond issuances: Investor demand soars even as yields trend down
With liquidity abundant and appetite for Indian paper unsatiated, even companies that are rated well below top grade are mopping up money overseas. Fo
Read MoreIndia Inc Q2 earnings season: Maruti Suzuki, Hero MotoCorp surprise, but no overall spurt in festive season
Despite some surprises, the many disappointments in the Q2FY18 earnings season so far suggest India Inc is still not out of the woods. The turn in the
Read MoreSupply deficit keeps lead hot
As with many other metals, lead prices also headed northwards in 2017. From around $2,000 a tonne in the beginning of 2017, prices on the London Metal
Read MoreGold likely to dip before reversing higher
Gold continued to remain rangebound and volatile for the second consecutive week. The yellow metal is stuck between $1,260 per ounce and $1,285 per ou
Read MoreGST Council May Cut Tax Rate On Some Common Use Goods, Officials Say
The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like
Read MoreInvestments worth $11 billion committed during food event: Badal
Food Processing Minister Harsimrat Kaur Badal on Sunday said $11.25 billion investments were committed in the country's food processing sector during
Read MorePSU banks may get Rs70,000 crore via recapitalisation bonds in 2017-18
The finance ministry may infuse about Rs70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months, people
Read MoreDLF?s Rs 8,900 cr deal with GIC gets Competition Commission nod
air trade regulator CCI has approved Singapore?s sovereign wealth fund GIC?s proposal to acquire 33 per cent stake in realty major DLF?s rental arm DC
Read MoreDomestic CV sales to grow 6-7% in current fiscal: ICRA
Domestic commercial vehicle (CV) sales are expected to grow by around 7 percent in the current fiscal on the back of pent-up demand post GST and repla
Read MoreHershey plans to turn India into export hub
Global chocolate major Hershey is considering turning India into an export hub. The company, which has recently urged Prime Minister Narendra Modi to
Read MoreUnichem Laboratories to now focus on markets abroad
Unichem Laboratories would use at least half the net proceeds from sale of its domestic business to reward shareholders. And, use the rest for researc
Read MoreAmazon, Microsoft and Apple to seek clarity on Google tax
Online firms are planning to meet finance ministry officials this week to seek clarity on the applicability of general anti-avoidance rules (GAAR) in
Read MoreNotification No.53/2017-Customs (ADD)
seeks to impose definitive anti-dumping duty on the imports of " Sodium Chlorate " originating in or exported from Canada, China PR and European Union
Read MoreNotification No.103/2017 Customs (N.T.)
Exchange Rates Notification No.103/2017-Custom(NT) dated 2.11.2017
Read MoreNotification No.102/2017 Customs (N.T.)
Exchange rates notification No.102 dated 1.11.2017.
Read MoreNotification No.101/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.
Read MoreNotification No.100/2017 Customs (N.T.)
F.No.434/13/2015/CUs-IV
Read MoreNotification No.99/2017 Customs (N.T.)
F.No.450/100/20147-Cos-IV
Read MoreNotification No. 83 /2017 Customs
Seeks to amend notification No. 16/2017-Customs dated the 20th April, 2017.
Read MoreCircular No.27 of 2017
Clarification on Cash sale of agricultural produce by cultivatorslagriculturist
Read MoreNotification No. 92/2017
[Notification No. 92 /2017/ F. No. 370142/25/2017-TPL]
Read MoreNotification No. 91/2017
Notification No.GJ / /2017 (F. No. 22S/216/2017-ITA-II)
Read MoreNotification No. 90/2017
[Notification No. 90/F. No. 501/04/1992-FTD-I]
Read MoreNotification No. 89/2017
[Notification No. 89 /2017, F. No. 300196/30/2017-ITA-I]
Read MoreNotification No. 88/2017
[Notification No. 88/2017/ F. No. 300196/22/2017-ITA-I]
Read MoreNotification No. 87/2017
[Notification No. 87/20171F. No. 176/9/2017-ITA-IJ
Read MoreNotification No. 93/2017 [F. No. 501/1/83-FTD.II
Publish Date : Thursday, November 2, 2017
Corporate Affairs ministry considering multiple changes to Insolvency and Bankruptcy Code
The corporate affairs ministry is considering multiple changes to the Insolvency and Bankruptcy Code, including ways of ensuring that the process does
Read MoreFDI into India touches $114.4 billion in 2015-17
Cumulative foreign direct investment (FDI) equity flows into India reached USD 114.4 billion during the last two financial years ? 2015-16 and 2016-17
Read MoreITC, PepsiCo, Hershey line up big investments in India
Domestic and global firms, including ITC, Pepsico and Hershey, today announced plans to invest billions of dollars in India?s food and agri sector as
Read MoreUnion Bank of India loss in Q2 at Rs 1531 cr as provisions double to Rs 3555 cr
Public sector lender Union Bank of India on Friday reported a loss of Rs 1,531 crore in the September quarter of FY18, owing to a more than doubling o
Read MoreMetro Cash and Carry, Uber enter into alliance
Metro Cash and Carry and global ride-sharing company Uber today announced an alliance to offer driver partners a membership with the wholesale chain.
Read MoreThe global economy is booming. Here?s what that means
Global economic health has never been more robust, as the number of countries in recession has fallen to the lowest level in decades, according to a n
Read MoreInflation may keep below target but RBI still might not cut rates. Economists explain why
Inflation is likely to remain lower than the estimate of 4% in the second half of the current fiscal, but the Reserve Bank of India would still not cu
Read MoreUK economy holds steady but outlook remains weak: CBI
Growth in Britain?s private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit
Read MoreIMF warns Venezuela over gaps in economic data, transparency
The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it
Read MoreTrai directs RCom to keep porting codes active till December end
The telecom regulator has directed Reliance Communications to smoothen the process for subscribers wanting to move out of the carrier?s network in 17
Read MoreAndhra Pradesh inks 17 pacts worth Rs 4,000 crore with food processing companies
Aiming to boost the food processing sector, Andhra Pradesh government today inked 17 initial pacts worth Rs 4,000 crore with reputed global and domest
Read MorePAN not needed for cash sale of agri produce up to Rs 2 lakh/day
The revenue department today said farmers do not need to quote PAN for cash sale of their produce up to Rs 2 lakh a day. The Central Board of Direct T
Read MoreIndia's forex reserves fall to $398.8 billion
India's foreign exchange reserves fell for the second straight week to $398.761 billion, Reserve Bank of India data showed. The reserves, which act as
Read MoreDemonetisation to power 80% rise in digital payments, may hit Rs 1,800 crore in 2017-18
Official statistics indicate an 80% increase in the value of digital transactions in 2017-18, with the total amount expected to touch Rs 1,800 crore i
Read MoreNBFCs borrowing from bond street to feel heat
While NBFCs are likely to feel the heat from banks, some of them who are dependent on the bond market to fund are more vulnerable, says Credit Suisse
Read MoreSteel companies? output up after IRPs step in
Steel companies battling insolvency resolution pressure have seen a jump in production after being taken over by resolution experts, several people re
Read MoreFive-star weddings get GST blessings: Big boost for banqueting in upcoming shaadi season
At India?s five-star hotels, the goods and services tax (GST) has proven to be more than auspicious for the upcoming wedding season. Sure, the 28% GST
Read MoreUnion Bank of India slips into red as bad-loan provisioning surges
Huge bad loan provisions, including front-loaded provisions towards accounts proceeded against under the Insolvency and Bankruptcy Code (IBC), dragged
Read MoreAsian Infra Bank to invest $1 billion in Indian projects
The Asian Infrastructure Investment Bank (AIIB) is expected to invest around $1 billion in Indian projects this year. The Beijing-based multilateral
Read MoreInsolvency rules for corporate guarantors, individual firms by December
The rules for individual insolvency under the Insolvency and Bankruptcy Code are likely to be notified by December."It will come in a phased manner. A
Read MoreTata Comm betting big on IoT, to spend $100 million in 2-3 yrs
Tata Communications Ltd is set to invest about USD 100 million in the the Internet of Things (IoT), a digital space the company is betting big on in t
Read MoreUB Engineering files liquidation plea after creditors reject recast plan
Vijay Mallya-led UB Engineering has filed a petition for liquidation after a committee of creditors rejected its resolution plan. The plan, proposed b
Read MoreCryptocurrencies' market cap hits record $200 billion as bitcoin soars
The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting
Read MoreUS trade deficit rose to $43.5 billion in September
The U.S. trade deficit rose in September to $43.5 billion as imports grew faster than exports.The Commerce Department said Friday that the September t
Read MoreBMW, Daimler, Ford and Volkswagen team up on high-power charging network
BMW Group, Daimler, Ford Motor Company, and the Volkswagen Group (with subsidiaries Audi and Porsche) will join up to create a high-power charging net
Read MoreiPhone X seen taking Apple to trillion-dollar valuation
Apple Inc's shares hit a record-high on Friday after the tech giant reported a blowout fourth quarter and shrugged off concerns related to the iPhone
Read MoreU.S. crude touches two-year high after rig count drops
Oil prices rose on Friday, with U.S. crude touching a two-year high, strengthening after U.S. rig data suggested drilling in the United States would t
Read MoreDespite GST, Maruti Suzuki to continue investing in home grown semi-hybrid tech in its Ciaz, Ertiga variants
At a time when most automakers in India have moved away from introducing cars with the hybrid technology owing to the significant increase in taxes af
Read MoreMarkets stay the course; hit new peak on inflows, PMI data
Stock benchmarks Sensex and Nifty on Friday scaled new all-time peaks, riding on more capital inflows and positive PMI data.Earnings optimism among in
Read MoreMoUs worth $11 billion to be signed in food & agri sector
World Food India ? a three-day event organised by the food processing ministry in the national capital ? will see businesses signing memorandums of un
Read MoreIndia clocks strong domestic aviation market growth in Sept
India?s domestic aviation sector grew the fastest in September as the country registered double-digit growth for 37 consecutive months, according to g
Read MoreEPFO coverage for Indians working abroad too: CPFC
Indians working abroad can now exempt themselves from their host country's social security scheme and get covered by retirement fund body EPFO, Centr
Read MoreTorrent Pharma to acquire Unichem's India, Nepal biz for Rs 3,600 cr
In a major consolidation move in the domestic pharma sector, drug firm Torrent Pharmaceuticals on Friday said it will acquire the branded business of
Read MoreEPFO coverage for Indians working abroad too
Indians working abroad can now exempt themselves from their host country's social security scheme and get covered by retirement fund body EPFO, Centra
Read MoreHow China?s Economy Is Poised to Win the Future
President Trump has plenty of work to do during his 10-day tour of Asia in November. In Japan and South Korea, he must reassure nervous allies that an
Read MoreGovt may make gold jewellery hallmarking mandatory by January
The government is planning to make hallmarking along with carat count mandatory for the gold jewellery sold in the country, Food and Consumers Affairs
Read MoreHaryana govt signs Rs 20,000 cr worth MoU for logistics parks
The Haryana government signed a memorandum of understanding (MoU) with Verbind, an integrated trade facilitation services organisation, to set up a lo
Read MoreCapital deployed with sustainable strategies in India at $31bn
Responsible or sustainable investment in India is at a niche stage as assets deployed under this strategy amount to nearly USD 31 billion while global
Read MoreEuro zone inflation may be higher than expected in 2018: ECB's Nowotny
Euro zone inflation could be higher next year than now projected as energy prices are moving higher, European Central Bank policymaker Ewald Nowotny t
Read MoreNitin Gadkari plans Rs 5 lakh crore bond sale to fund large infrastructure projects
Reiterating that funds are not a constraint for undertaking large developmental projects, Union minister Nitin Gadkari today said nearly Rs 5 trillion
Read MoreSC pulls up banks, telecom companies for creating panic on Aadhaar linking
The Supreme Court today sought the government's response on four petitions challenging the constitutional validity of the Aadhaar Act and linking of b
Read MoreServices activity grows for 2nd straight month in October: PMI
Services sector activity in India expanded for the second consecutive month in October, driven up by rising new orders -- the fastest pace since June
Read MoreShanghai stocks fall as economy, liquidity concerns resurface
Shanghai stocks weakened on Thursday, dragged by industry and material shares, as worries resurfaced over a possible economic slowdown and tighter liq
Read MoreEven the Smallest Gulf Economy Is Too Big to Fail
Its economy is 5 percent the size of Saudi Arabia?s, but analysts are betting the kingdom won?t let its neighbor?s financial woes morph into a Gulf cr
Read MoreHome services startups like UrbanClap, Quikr and Housejoy reel under big GST shock
Startups such as UrbanClap, Quikr and Housejoy that provide digital platforms for service providers such as plumbers, carpenters and cleaners are now
Read MoreAsian Granito forms joint venture, to invest ?35 cr in quartz stone plant
Leading tile maker Asian Granito India Ltd (AGIL) has announced a joint venture with Paramshree Granito Pvt Ltd, and will invest Rs.35 crore in settin
Read MoreVedanta Q2 net jumps 43% to Rs 2,036 cr on higher output
Higher production and strong commodity prices helped Vedanta Ltd post a 43 per cent jump in consolidated net profit at Rs 2,036 crore for the July- Se
Read MoreDefence companies have $20-b deals in their sights
Mega defence contracts are up for grabs with the government likely to approve long-pending deals worth around $20 billion by December 31. These contra
Read MoreBOE Raises Interest Rate for First Time in More Than Decade
Bank of England policy makers raised interest rates for the first time in a decade, yet expressed concern for Britain?s Brexit-dented economy by indic
Read MoreCBDT signs 7 more unilateral APAs with taxpayers
The Central Board of Direct Taxes (CBDT) has signed seven more advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigatio
Read MoreWalmart fires up realty play in India
Walmart India is planning a threefold increase in the pace of opening stores by 2020. It plans to open 50 new stores by 2022 to take the total store c
Read MoreHandsets yield 40% growth for Samsung in festive season
Buoyed by a healthy 40% revenue growth from the mobile phone segment in value terms during the recent festive season, South Korean electronics giant S
Read MoreCoca-Cola draws up Rs 11,000-cr plan to sell fruits, juices
Coca-Cola India is taking an ambitious gamble. It is launching a completely new category in its portfolio by introducing frozen fruits under the brand
Read MoreOne year of demonetisation: Tirupur knitwear industry frays at the seams
A year ago, S Venkatesh was running a job works unit and was employing around 10 people. Today, he works as supervisor in a large garment unit in the
Read MoreCoal India's October Output, Shipments Rise to Highest for Month
Coal India Ltd.?s shipments and output in October rose to the highest for the month in at least five years, as the state-run miner sought to replenish
Read MoreRBI asks large borrowers to obtain unique code from banks
RBI today said corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from
Read MoreSBI Cuts Home Loan Interest Rate To Lowest In Industry; Car Loan Rate Reduced
SBI or State Bank of India has reduced its interest rate on home and auto loans. India's largest bank SBI said that it has reduced its interest rates
Read MoreUPI transactions double as Google launches Tez app in India; volume soars to over 76 mn
The volume of transactions on the Unified Payments Interface (UPI) doubled to 76.96 million between September and October. The value of transactions i
Read MoreITC forays into branded fruits & vegetables
FMCG major ITC on Thursday forayed into the branded fruits and vegetables segment. Marketed under the brand, Farmland, the company has launched four v
Read MoreDiwali loses sparkle for 2-wheelers makers as sales hit road-block in October
Two-wheeler sales were muted in October because of a higher base in the corresponding period last year, with navratri and diwali being observed in the
Read MoreBharat Forge interested in acquiring Amtek Auto
Pune-based forging company Bharat Forge, part of the $2.5-billion Kalyani Group, has expressed interest in acquiring loss-making auto components manuf
Read MoreSPML Infra zooms 20% on successful implementation of S4A scheme
SPML Infra was locked in upper circuit of 20% at Rs 161 on the BSE after the company announced the successful implementation of Scheme for Sustainable
Read MoreSuzuki frets about India?s electric shift despite Maruti sales surge
The chief executive officer of Japanese automaker Suzuki Motor Corp. on Thursday warned of a serious downside risk to the company?s Indian unit, Marut
Read MoreONGC scouts for gas fields elsewhere after Iran talks tough on Farzad B
India's ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding deve
Read MoreStart-ups in India perish as angels fear to tread; fall blamed on tax-related issues
Start-ups in India may be coming up at the fastest pace anywhere in the world but they?re going down equally fast. Nasscom on Thursday pegged the mort
Read MoreClarification on Cash sale of agricultural produce by Cultivators/Agriculturists
Publish Date : Friday, November 3, 2017
Sharp fall in credit growth to agriculture, services sectors
Credit growth to the agriculture and services segments has seen a fall in the last 12 months. The Reserve Bank of India on Tuesday said credit to agri
Read MoreOne year after demonetisation: Credit card use up but balance due surges by 39 per cent
Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended Septembe
Read MoreOver 1,000 tech startups added in 2017, says Nasscom
The country has seen an addition of over 1,000 startups this year, strengthening its position as the third largest startup ecosystem across the world,
Read MoreShell beats third-quarter expectations with 50 percent rise in profit
Royal Dutch Shell beat analysts' expectations for third-quarter earnings on Thursday, reporting a roughly 50 percent rise in underlying net profit.Net
Read MoreUPI clocks almost 77 million transactions in October
Unified Payments Interface, the Reserve Bank of India promoted instant payment mechanism has shown a more than 100% growth for the month of October ag
Read MoreSBI cuts lending rates for the first time in 10 months
State Bank of India (SBI), the country's largest bank, announced a 5 basis point cut in its benchmark lending rates across various maturities. This is
Read MoreAfrica to become unified economic bloc ? Paul Kagame
Paul Kagame, President of Rwanda, said the divisions that hampered African growth were ending and the continent was moving towards a unified economic
Read MoreLenovo to buy Fujitsu PC unit stake for up to $269 million; Q2 profit drops
Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu's personal computer unit for up to $269 million, after earlier post
Read MoreJapanese stocks, long shunned, attract billions of foreign dollars
Japan is shaking off currency gains that typically punish its stocks, enticing foreign investors including Goldman Sachs Group Inc and BlackRock Inc,
Read MorePhilippines Economy Stable But Purchasing Power Falls
Philippines Financial System Stability Committee has recorded stable economic conditions up to the third quarter this year, but it has also recorded n
Read MoreWill Xi Jinping?s second term bring ?new cycle? for the economy?
A growing number of economists are joining the chorus forecasting the arrival of a stronger Chinese economy under President Xi Jinping ? a stark contr
Read MoreBank of England set to raise rates for first time since 2007
The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday, despite economic growth appearing weaker t
Read MoreFed keeps rates unchanged, remains on road to December hike
The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playin
Read MoreCooking gas, jet fuel prices hiked, 19th increase in rates since July 2016
Cooking gas (LPG) price was today hiked by Rs 4.50 per cylinder, the 19th increase in rates since July 2016 when the government decided to eliminate s
Read MoreEase of doing business: Here is the next step Narendra Modi government is set to take
Encouraged by India?s unprecedented 30-notch jump in the World Bank?s ease of doing business index this year and by what positive comments of stakehol
Read MoreIndia's current account deficit to be 1.5% of GDP this fiscal
India's current account deficit (CAD) for this financial year is expected to be around USD 40 billion, or 1.5 per cent of GDP, says a Nomura report. I
Read MoreAlt Mechanism to Encourage Banks to Weigh Mergers
In a bid to push consolidation among the state-run lenders, an alternative mechanism set up under finance minister Arun Jaitley to fast track bank mer
Read MoreIndia is now world?s most expensive market based on price-to-earnings ratio
Indian stocks soared to record highs on Wednesday, aided by a fresh bout of foreign portfolio inflows that drove the rupee up to a six-week high. The
Read MoreEESL receives $434 mn from global, multilateral agencies
State-run Energy Efficiency Services Ltd (EESL), which is implementing India?s e-vehicles and LED bulbs programme, has received $434 million in fundin
Read MoreAirtel raises year's capex estimate to Rs 25,000 cr
Bharti Airtel, the country?s largest telecom operator, has raised its estimate of capital expenditure for this financial year to Rs 25,000 crore, from
Read MoreOil slips, erases gains as U.S. crude draw shy of API report
Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating after weekly U.S. government invento
Read MoreGrowth in mortgages in banking slips to 12.8% y-o-y in September
Growth in mortgages in the banking sector slipped to 12.8% year-on-year (y-o-y) in September from 13.2% in August, data released by the Reserve Bank o
Read MoreMphasis eyes growth in US, Europe even as prime focus stays on India, China, Australia
IT services provider Mphasis will have a stronger focus on the US and European markets for growth in the next 12-24 months, even as it continues with
Read MoreHero MotoCorp PAT stands at Rs 1,010 crore for Q2
Indian two-wheelers manufacturer Hero MotoCorp has posted 10.9 per cent double-digit growth in its highest-ever quarterly sales of 20,22,805 units, ag
Read MoreAnil Ambani led Reliance Infrastructure completes sale of WRSS to Adani Transmission for Rs 1000 cr
Reliance Infrastructure (RInfra) on Wednesday said it has completed sale of its entire 100% stake in Western Region System Strengthening Scheme Transm
Read MoreRetail Inflation For Industrial Workers Falls to 2.89% In September
Retail inflation for industrial workers slid to 2.89 per cent in September, from 4.14 per cent in the same month last year, on account of cheaper food
Read MoreIndia adopts reporting rules to crack aggressive corporate tax planning
India on Wednesday notified final rules for multinational group companies (MNCs) in India to report specifics of their global parents? operations as p
Read MoreGovt raises ethanol procurement price by 5% for 2017-18
In a boost for the sugar sector, the Cabinet Committee on Economic Affairs (CCEA) has raised the basic ethanol price by five per cent, in a bid to get
Read MoreBharti Airtel hikes capex to $4 bn, eyes big VoLTE benefits
Eyeing a significant share of the rapidly expanding mobile data market in the country, Bharti Airtel has raised its capex guidance for the current fis
Read MoreDespite UDAY, discom dues hit Rs 20,000 cr mark, payments to power producers delayed, causes severe cash crush
Despite the UDAY scheme-enabled savings of around Rs 15,000 crore in the year to March 2017 in their debt servicing costs, several state-run power dis
Read MoreEarly Diwali takes away automakers? festive season cheer, only single-digit growth reported
Automobile manufacturers reported muted sales in October with most companies clocking single-digit growth. The festival of Diwali, usually a busy time
Read MoreNotification No. 90/2017 [F.No.501/04/1992-FTD-I
Publish Date : Friday, October 27, 2017
Rising expenses mar StanChart Q3 profit increase
Higher expenses overshadowed better than expected quarterly profit for Standard Chartered on Wednesday, sending shares in the Asia-focused bank more t
Read MoreBitcoin blasts to new all-time high of $6,450
Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the worl
Read MoreEuro zone economy grows faster than expected in Q3, inflation slows in October
The eurozone economy grew faster than expected in the third quarter and unemployment fell to an almost nine-year low, but consumer inflation slowed ag
Read MoreInside the mind of the Bank of England: how it sets rates
How the nine members of the Monetary Policy Committee (MPC) vote will affect households and businesses across the UK.That's because the Bank of Englan
Read MoreJapan final October factory PMI shows growth slowed less than expected
Japanese manufacturing activity in October slowed less than initially thought, a revised private survey showed on Wednesday, in a sign that demand rem
Read MoreA year after demonetisation, Credit card use increases, here is why
Nearly a year after Prime Minister Narendra Modi?s much-debated demonetisation, India has witnessed an exponential growth in using credit card, accord
Read MoreGoldman Sachs just got more hawkish on India; says RBI to hike rates soon as bank recap plan will spur growth
Goldman Sachs Group Inc. just got more bullish ? and hawkish ? on India. While the investment bank has for months been an outlier predicting monetary
Read MoreCentre extends last date for filing GST returns
The Centre extended the last date for filing GSTR-2 returns, required to claim input tax credit under the Goods and Services Tax (GST) regime, for Jul
Read MoreGood days may follow goods in highest tax slab, next big GST move could reduce prices of many items
India could review the application of the highest 28% slab under the goods and services tax (GST) and consider imposing a lower rate on items of frequ
Read MoreGST hits Nepal's export to India
Nepal's export to India has been adversely affected after the enforcement of Goods and Services Tax as Nepali goods have become less competitive in th
Read MoreIndia's manufacturing activity 'stagnates' in October
Manufacturing activity in India slackened in October as new orders stagnated in the wake of subdued demand conditions, largely due to "negative impact
Read MoreDanfoss, partners to set up district cooling pilot project in India
Danfoss? Indian arm, Danfoss Industries, United Nations Initiative on Sustainable Energy for All and a bunch of partner companies, has planned a distr
Read MoreAirtel may sell stake in Bharti Infratel to global investors
India?s largest telecom company Bharti Airtel Ltd Tuesday said it has been approached by a few ?global investors? to acquire a significant stake in it
Read MoreHigh GST rate on batteries to hit e-vehicle drive
High tax on batteries used in electric vehicles under the goods and services tax regime may prove a major roadblock to the government?s drive to push
Read MoreVodafone-Idea merger inches towards final approval
The merger of Vodafone India with telecom peer Idea Cellular is inching towards a closure, with the companies awaiting a couple of regulatory approval
Read MoreRCom-Sistema Shyam merger completed
Reliance Communications on Tuesday said it has completed the merger of Sistema Shyam Teleservices, which operates under MTS brand, with the company.T
Read MoreIndia makes it to Top 100 in ?ease of doing business?
India jumped up 30 notches into the top 100 rankings on the World Bank?s ?ease of doing business? index, thanks to major improvements in indicators su
Read MoreCredit to industry falls in September
Credit to industry has contracted 0.4 per cent in the first half of this financial year, as banks grapple with bad loans. The loan outstanding to indu
Read MoreRupee likely to be around Rs 66/USD in Dec
The rupee is expected to be around 66 per US dollar by the year end because of rising current account deficit and muted FPI equity inflows amid rich
Read MoreGovt asks states to stop sale, transfer of properties of shell companies
The surveillance of shell companies will go a notch higher with their real estate coming under the scanner of the authorities, and the firms will be d
Read MoreHPCL to acquire MRPL in share-swap deal
Hindustan Petroleum Corp Ltd (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become India's second-la
Read MoreChina central bank tries to calm nervous bond market as risks loom
China?s central bank tried to calm a nervous bond market on Tuesday with more liquidity injections, helping to steady 10-year yields following a sell-
Read MoreU.S. consumer confidence rises in October to 17-year high
American consumers are the most confident they've been in nearly 17 years, more good news for an already healthy economy.The Conference Board said Tue
Read MoreSony profits soar on image sensors, games, "Spider-Man" film
Sony Corp. reported Tuesday that its fiscal second quarter profit zoomed by 26-fold from the same period last year, boosted by the success of its imag
Read MoreGold prices rise as Fed set to take a call on rate hike
Gold prices pushed higher by Rs105 to Rs30,380 per 10 grams on Tuesday as the US Federal Reserve kicks off its two-day policy meeting. Any delay on ra
Read MoreOil up near two-year highs, analysts see more U.S. crude exports
Oil prices settled higher again on Tuesday, notching a monthly gain of more than 5 percent, but analysts said bullish sentiment that has driven Brent
Read MoreSBI cuts MCLR by 5 bps
State Bank of India (SBI) on Tuesday reduced its marginal cost of funds-based lending rate (MCLR) for the first time in 10 months by 5 basis points (b
Read MoreIndoSpace launches third fund with $550 million target corpus
IndoSpace, a joint venture of private equity firm Everstone Group and US-based industrial real estate firm Realterm, on Tuesday said it has launched i
Read MoreIndiGo Q2 profit up 294% to Rs552 crore on better revenue management
Budget carrier IndiGo?s parent InterGlobe Aviation on Tuesday reported a 294% increase in net profit to Rs551.55 crore, helped by credits received fro
Read MoreEbix acquires Kalaari-backed Via.com for $75 million
US-based software and services company Ebix has acquired online travel portal Via for $75 million as it eyes growing its distribution network in India
Read MoreCore sector growth hits 6-mth high of 5.2% in Sept
Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, o
Read MoreFiscal deficit hits 91.3% of FY18 target in 6 months
In the first six months of the current financial year, the country?s fiscal deficit touched 91.3 per cent of the full-year budget estimate, as compare
Read MoreIncome-tax (Twenty-fourth Amendment) Rules, 2017
Publish Date : Tuesday, October 31, 2017
IndiGo Q2 profit rises 294% to Rs552 crore on better revenue management
Budget carrier IndiGo?s parent InterGlobe Aviation Ltd on Tuesday reported a 294% increase in its net profit to Rs551.55 crore, helped by better reven
Read MoreNTT Docomo gets $1.2 billion payment from Tata Sons, dispute settled
Japanese firm NTT Docomo on Tuesday said it has received over $1.2 billion from Tata Sons, which ends the 2-year old dispute over their Indian telecom
Read MoreTrade between India, Italy can go beyond current $8.8 billion: Modi
Trade between India and Italy can go beyond the current $8.8 billion, said Prime Minister Narendra Modi on Monday. Addressing mediapersons jointly wit
Read MoreIMF endorses Saudi plan for $500-billion business zone
The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jorda
Read MoreFiscal deficit reaches 91.3% of full-year target in Sept
India reported fiscal deficit of $77.09 billion for April-September or 91.3 per cent of the budgeted target for the current fiscal year that ends in M
Read MoreJapan?s economy is actually ?back on track??commentary
Japan, the planet?s third-largest economy, may finally have put its deflationary past behind.Mired in malaise for more than three decades, the Japanes
Read MoreEurozone growth exceeds expectations
For the past 12 months, the growth rate was 2.5%, Eurostat said.Last month, the European Central Bank (ECB) raised its 2017 growth forecast for the 19
Read MoreCustoms duty on polyester fabric raised to 20%
The central government has decided to increase the basic customs duty on polyester fabric to 20 per cent, from 10 per cent, with effect from last Frid
Read MoreRBI likely to cut rates in December 6 policy review
The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to b
Read MoreE-tailers' global warehouses may come under tax net
Warehouses of e-commerce companies based in countries such as Australia, Japan, Italy, Spain, the Netherlands, and Russia may not be exempted from pay
Read MoreDeadline for July GSTR-2 and GSTR-3 filing extended by a month
The government on Monday extended the deadline by a month for filing of July GSTR-2 to 30 November 30 and GSTR-3 to 11 December. The original due date
Read MoreMCA scanner on banks lending to deregistered companies
The corporate affairs ministry is likely to ask the department of financial services to take action against the banks which have continued lending to
Read MoreSupreme Court ruling lets I-T department open closed cases
Many individuals and small businesses could now find the tax office raking up old wounds and chasing tax demands they believed had been long forgiven.
Read MoreA Missing Piece of the Global Growth Is Starting to Fall Into Place
A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some of the world?
Read MoreOriental Bank of Commerce to launch Rs1,000 crore bond issue to comply with Basel III norms
State-owned Oriental Bank of Commerce plans to raise up to Rs1,000 crore by issuing Basel III compliant bonds on a private placement basis. ?The bank
Read MoreIDFC-Shriram merger called off on differences over swap ratio
IDFC Group and Shriram Group have called off their talks for a merger after failing to agree on a swap ratio. The two parties had, on July 8, entered
Read MoreCement demand remains weak as prices firm up
Cement demand across the country remained weak while prices continued to remain firm as cement companies passed on the incremental production cost to
Read MoreAnil Ambani led Reliance Communications unveils fresh debt restructuring plan; looks to convert Rs 7000 cr loans into stake in telco
Anil Ambani-led Reliance Communications (RCom) on Monday presented lenders with a fresh debt restructuring plan proposing banks convert Rs 7,000 crore
Read MoreLennar is buying a smaller rival for $9.3 billion to create America's largest homebuilder
Lennar Corp said on Monday it would buy smaller rival CalAtlantic Group Inc in a stock-and-cash deal valued at about $9.3 billion, including debt, to
Read MoreGlobal steel in a recovery mode, demand to grow 7%
It is rather reassuring to know that steel industry has been faring better in the past six months as the short range outlook for global steel demand i
Read MoreBrent oil holds above $60 on expected output cut extension
Brent oil slipped but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations Opec-led production cuts would be extended b
Read MoreElectronic payments, m-wallets volumes seeing a decline
With easing of the liquidity crunch, transaction volumes for overall retail electronic payments has seen a marginal dip in the past few months, sugges
Read MoreBond yields rise 7 basis points, single biggest rise in over a month
The yield on the benchmark bond rose seven basis points on Monday to close to 6.88% with dealers attributing the spike to the announcements of OMOs la
Read MorePrivate Lenders? Gross NPA Ratio Rises Over 67 Bps Y-O-Y To 4.48%
Fourteen of the 18 listed private-sector banks that have reported their results for the quarter ended September together recorded a 65-basis point (bp
Read MoreReal estate investment in 6 top cities doubles to $2.87 billion
Real estate investment in India's six major cities doubled to $2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ra
Read MoreBigBasket raises Rs 52 cr from existing investors
Online grocery company BigBasket has secured Rs 52 crore ($8.02 million) funding from its four existing investors ? UAE based Abraaj Basket, Bessemer
Read MoreDriven by increased volumes: Tata Steel Q2 net profit at Rs 1,018 cr; sales rise 24%
Tata Steel on Monday reported a consolidated net profit of Rs 1,018 crore for the three months to September, much below the Bloomberg consensus estima
Read MoreArms rules relaxed to bolster investment in manufacturing
The government has liberalised the arms manufacturing policy with the aim to boost its ?Make in India? initiative, doing away with renewal of licence
Read MoreWorld Bank, Fin Min sign loan deal worth $200 mn for aiding Assam agri-biz
The Ministry of Finance and the World Bank on Monday announced the signing of a loan agreement worth $200 million for the Assam Agribusiness and Rural
Read More'Bharat 22' ETF to raise over Rs 8,000 crore; to open on Nov 15
The 'Bharat 22' Exchange Traded Fund (ETF), comprising 22 scrips of public sector units, will hit the capital market next month to mop up over Rs 8,00
Read MorePSB recapitalisation: After Centre allocates Rs 2.11 lakh cr, here is the critical next step RBI will take
The Reserve Bank of India (RBI) has been tasked with making an assessment of the capital requirement of various public sector banks (PSBs), an exercis
Read MoreReliance Jio impact: Bharti Airtel finalises plan to sell Indus Tower to raise funds to pare Rs 87,840 cr debt
Bharti Infratel, the tower arm of Bharti Airtel, has just given shape to a plan which will eventually see the parent firm exit from the tower arm as w
Read MoreGST returns filing: Tax experts doubt system?s accuracy; only a quarter of taxpayers meet October 31 deadline
Increasing the fear of an unravelling of the exercise of invoices-matching, which is crucial to realising the presumed merits of the goods and service
Read MoreNotification No. 87/2017 [F.No.176/9/2017-ITA-I
Publish Date : Friday, October 27, 2017
Notification No. 88/2017 [F. No. 300196/22
Publish Date : Friday, October 27, 2017
Notification No. 89 /2017 [F.No.300196/30
Publish Date : Friday, October 27, 2017
From TCS, Infosys, Wipro to HCL Tech, how Indian IT is transitioning to new era
The $150-billion-plus Indian IT industry witnessed the performance of the top tier multi-billion dollar companies?Tata Consultancy Services (TCS), Inf
Read MoreQ2 GDP likely to recover to 6%: SBI Research
The economy is likely to pick up to 6 per cent in the second quarter of the current fiscal, owing to an uptick in several macroeconomic indicators lik
Read More65% funds spent, defence ministry seeks Rs 22,000 cr more for modernisation
Having already spent 65 per cent of its budgetary allocation for capital expenditure, defence ministry is seeking an additional Rs 22,000 crore from t
Read MoreDeadline for filing July GSTR-2, GSTR-3 extended; Find out new dates
To ?facilitate about 30.81 lakh taxpayers?, the Finance Ministry on Monday said that the government has extended the last date for filing GSTR-2 and G
Read MoreRBI likely to cut rates in December 6 policy review, says report
The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to b
Read MoreGerman federal budget surplus could reach 14 billion euros: magazine
Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela M
Read MoreIMF boosts GDP forecasts for almost every advanced economy, except UK and Spain
A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some of the world?s
Read MoreSaudi Arabia mulls more fiscal expansion in 2018 to spur economy
audi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said, as authorities seek to support
Read MoreIndirect taxes collection could fall short of target due to GST
Indirect taxes collection by the government may fall short of the target during the current financial year due to disruption caused by the GST rollout
Read MorePPF accounts to be closed, interest lowered to 4 per cent if you become NRI
Select small savings schemes like Public Provident Fund (PPF) and National Saving Certificates (NSC) will not earn you the same rate if you become non
Read MoreAadhaar-Mobile linking: SC sets up a five-judge constitution bench to hear pleas
The Supreme Court has decided to set up a five-judge Constitution Bench to hear an array of pleas against the mandatory linking of Aadhaar with mobile
Read MoreFlagging economy pushed down merger and acquisition activity in India
Corporate India's M&A deal tally took a 63.4 per cent hit in the July-September quarter of this year, largely because of a "flagging economy" that has
Read MoreBank recapitalisation plan to push GDP growth to 7% in FY19
The government's recapitalisation plan for public sector banks is likely to propel credit growth by up to 700 basis points to 15 per cent and as conse
Read MoreGoM for 12% GST on AC eateries, composition scheme tax cut
The Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants unde
Read MoreInvestors are running out of cash - and that's terrible news for the stock market
The stock market has a cash problem.As in, investors are running out of it, and the shortage could threaten the 8 1/2-year equity bull market that we'
Read MoreAnil Agarwal plans Rs 10,000 crore investment in Jharkhand
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated st
Read More?Non-life insurance will be a major driver of growth?
General insurance sector has hit a ?tipping point? and will continue to grow year-on-year irrespective of ups and downs in economic growth, according
Read MoreFPIs pour $3-bn into Indian capital markets in Oct
Foreign investors have pumped in close to $3 billion in the Indian capital markets so far this month due to ?high nominal and real yields? and stable
Read MoreInterest rate transmission and beyond
Weak interest rate transmission has long been a concern for the RBI, understandably, because of the incessant pressure on the central bank to reduce i
Read MoreDollar continues to pressure gold
Gold extended its downmove for the second consecutive week. The global spot gold price fell to an intra-week low of $1,263.85 per ounce and managed to
Read MorePrivate banks' NPA provisions surge in second quarter
The expectation of a stable asset quality profile for private banks has been shattered in the second quarter ended September 2017 (Q2) as the Reserve
Read MoreConsumer goods firms show recovery in Q2
The September quarter of the financial year 2017-18 appears to have brought some relief to consumer product companies reeling under a slowdown. The re
Read MoreMaruti Suzuki invests Rs 1,000 crore in land parcels for dealerships
Country's largest carmaker Maruti Suzuki India (MSI) has earmarked Rs 1,000 crore in the current fiscal to buy land parcels for new dealerships.As par
Read MoreNew Year disruption plan: Now, Reliance Jio moves to broadband, TV space
After its success in mobile telephony, Reliance Jio is preparing to disrupt the market once again. This time in the fixed broadband and television (TV
Read MoreThe EU Heads for a ?Big Bang? Moment That Isn?t Brexit
The European Union says it has plenty on its to-do list besides managing Brexit. That could prove to be good news for Prime Minister Theresa May as sh
Read MoreGovernment to infuse massive Rs 7 trn to build 83,677 km of roads over 5 years
The Narendra Modi government has decided to infuse a massive Rs 6.92 lakh crore over ?the next five years? to add 83,677 km to the country?s 1.1-lakh-
Read MoreIndia becomes Honda?s No.1 market in Asia Oceania region
India has become the largest market in terms of retail sales for Japanese auto major Honda in the Asia Oceania region in the first half of this fiscal
Read MoreRouting central funds via PFMS made mandatory
In a move that would enable tracking and monitoring of the end-use of its funds, the Centre has made the use of Public Finance Management System (PFMS
Read MoreEssar Group, Tatas bid to acquire Essar Steel
Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt?laden Essar Steel which is go
Read MorePSBs recapitalisation: What is the key factor Centre is looking at to finalise mechanism?
The government is closely looking at a ?liquidity neutral? model of recapitalisation whereby public-sector banks (PSBs) sell their shares to the gover
Read MoreGST returns filing: All taxpayers to file quarterly tax returns? Here is what GoM wants
Taxpayers may look forward to more concessions as the Goods and Service Tax (GST) Council meets at Guwahati on November 10. While more cuts in tax rat
Read MoreCircular No. 208/5/2017-ST
reassignment of cases pending as on 30-6-2017 with the Commissioner of Central Excise and Service Tax ( Appeals) .
Read MoreNotification No.52/2017-Customs (ADD)
Seeks to impose anti-dumping duty on the imports of Cold-rolled Flat products of stainless steel of width greater than 1250 mm of all series not furt
Read MoreNotification No.98/2017 Customs (N.T.)
Exchange Rates Notification No.98/2017-Custom(NT) dated 27.10.2017
Read MoreNotification No.97/2017 Customs (N.T.)
Exchange Rates Notification No.97/2017-Custom(NT) dated 24.10.2017
Read MoreNotification No. 82 /2017 Customs
seeks to prescribe effective rate of duty under chapters 50 to 63 on textile products.
Read MoreNotification No. 80 /2017 Customs
Seeks to increase the tariff rate on textile products in chapters 50 to 63 in the First Schedule to the Customs tariff Act, 1975
Read MoreNotification No. 81 /2017 Customs
seeks to amend notification No. 14/2006-customs dated 1st march 2006, to prescribe effective rate of duty on specified fabrics.
Read MoreCircular No.26 of 2017
Order under section 119 of the Income-tax Act, 1961 (?the Act?)
Read MoreCircular No.25 of 2017
F No 142/11 /2015-TPL (Pt. I)
Read MoreNotification No. 91/2017 [F.No. 225/216
Publish Date : Monday, October 30, 2017
Xi's ironclad grip on power will actually help China's economic reforms, says Moody's
The further consolidation of power in China under President Xi Jinping could help the country achieve its economic rebalancing and reform goals, Moody
Read MoreBermuda?s GDP back above $6bn
Bermuda?s gross domestic product ? a measure of economic activity ? climbed above $6 billion last year for the first time since 2008.While nominal GDP
Read MoreBrazil's Temer sees $30 billion pre-salt investments, $130 billion in royalties
Brazilian President Michel Temer said Friday?s auction of pre-salt offshore oil blocks will generate investments of more than 100 billion reais ($30.8
Read MoreIndian Oil aims for LNG import capacity of 13.5 million tonnes in five years
State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNG) in five years, its head of b
Read MoreLower gold prices fail to spark post-Diwali lull in demand
The physical gold market remained quiet in most Asian centres this week despite a drop in prices with India witnessing a lull in fresh purchases as ke
Read MoreAre the decks clearing for an RBI rate hike?
The government?s mammoth recapitalisation plan for beleaguered public sector banks has stirred a debate on whether it would make the Reserve Bank of I
Read MoreCloud computing drives growth for US tech firms
Amazon.com Inc., Microsoft Corp., Alphabet Inc.?s Google and Intel Corp. are all putting their chips on the cloud computing business, and it is boomin
Read MoreJ&K to refund GST to protect tax relief given to factories
The Jammu and Kashmir government has cleared a plan to reimburse the entire state goods and services tax (SGST) and 42% of central GST (CGST) to manuf
Read MoreCoca-Cola India to flavour a bigger portfolio with ethnicity
Coca-Cola India is expanding its product portfolio with ethnic drinks and additions for the local palate, in the beverage maker?s latest move to tackl
Read MoreSharing consumers' private data may soon attract punishment
Sharing any detail of consumers for commercial purpose by companies will be treated as unfair trade practice, which will attract punishment under the
Read MoreUS economy grows faster than expected in third quarter
The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%. Analysts had been expecting a sh
Read MoreS&P unexpectedly raises Italy?s sovereign credit rating to BBB
Credit ratings agency Standard & Poor?s unexpectedly raised its sovereign rating for Italy to BBB on Friday, the first such increase by S&P for at lea
Read MoreRecapitalisation will only postpone banking crisis, a lot more is needed to solve it
Finance Secretary Ashok Lavasa has said that the government will try to find space for the cost of bank recapitalisation, which is going to be just th
Read MoreCabinet approves Rs 7,000 crore for construction of six IIT campuses
The Union Cabinet has approved over Rs 7,000 crore for construction of permanent campuses of six new Indian Institute of Technology (IITs) across the
Read More85% MNREGS wages paid in time this fiscal: Rural ministry
The Center is taking steps to ensure timely payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), out of whic
Read MoreGovernment working on tougher consumer protection law
A new consumer protection law is on the anvil to crack down on misleading advertisements and simplify the grievance redressal mechanism, Prime Ministe
Read MoreAshok Leyland to invest 400-500 crore on EVs
Ashok LeylandBSE -2.48 % is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years. Managing directo
Read MoreIndia Etail War Leaves Red Mark on Amazon?s International Books
Amazon?s international losses nearly doubled in the third quarter due to its aggressive investments in its India business, but then the booming domes
Read MoreMajor ports reverse decline in market share
The Shipping Ministry has reversed the declining market share of the government-owned 12 major ports over the last two years through a series of effic
Read More$83.5 billion and counting: How Invest India keeps FDI rolling in
On October 10, Invest India, the foreign investment promotion arm of the government, crossed a milestone: it received the 100,000th investment-related
Read MoreSlippages down, but weak earnings drag ICICI Bank
Private sector banks have been playing catch-up with public sector lenders, unfortunately even in piling up bad loans. Over the past several quarters,
Read MoreTata Sons to put Rs 30,000 cr into Tata Teleservices
Tata Sons, the holding company of the $105-billion Tata group, will pump Rs 30,000 crore more into its money-losing telecom company, Tata Teleservices
Read MoreSBI asks Odisha to take equity in Bhushan Steel
State Bank of India (SBI), the country?s largest lender, might have found a way out for Bhushan Steel, currently going through a Reserve Bank of India
Read MoreAmazon threat making a disturbance in the health care industry
Amazon.com Inc. is casting a long shadow over the health care industry. The prospect of the giant internet retailer entering the business is beginning
Read MoreVolkswagen lifts profit target as delivers on cost cuts
Volkswagen lifted its profit target for the year on Friday after cost cuts at its core autos division helped it outstrip third quarter earnings foreca
Read MoreCVS talks to buy Aetna for $66 billion makes sense because of 'threats from all sides'
CVS talks to buy health insurer Aetna for as much as $66 billion makes sense because the drugstore operator and prescription benefit manager has been
Read MoreGoa's iron ore industry hit due to poor international prices
Although Goa was once the country's largest exporter of low-grade iron ore, today it is staring at an uncertain future as the exports have virually co
Read MoreOil up 2 percent, Brent hits $60 per barrel on support for extending curbs
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world?s top producers
Read MoreIndia?s forex reserves drop by $375.80 m to $399.92 bn
India?s forex exchange reserves dropped by $375.80 million as on October 20 to $399.921 billion, data from the RBI shows. Foreign currency assets (FCA
Read MoreDassault to invest ?100 million in joint venture with Reliance Group
French company Dassault Aviation SA will invest ?100 million (around Rs760 crore) in its joint venture with Anil Ambani?s Reliance Group to manufactur
Read MoreEcommerce firms Flipkart, Amazon, others saw highest ever monthly sales of $3.2 bn; 45 pct higher than last year
Flushed with funds from their recent fund-raising rounds, e-commerce companies in India saw their highest ever monthly sales of $3.2 billion (Rs 19,00
Read MoreMaruti beats estimates, net rises 3.4%
Maruti SuzukiBSE 0.47 % India (MSIL), the country?s largest car maker, beat street estimates with a 3.4% increase in net profit in the second quarter
Read MoreInfrastructure investment: India lags even as private investment picks up globally
The sharp fall in private investment in infrastructure in India, Brazil and Turkey had brought down such investments in emerging market developing eco
Read MoreIs Indian economy turning the corner?
A raft of recent data, including some second-quarter corporate results, is giving confidence to economists that a recovery in growth is imminent, even
Read MoreCash-flush Flipkart forces Amazon's international losses to soar
US-based online retail giant Amazon on Friday reported a massive $936 million loss from its international business unit for the three months ended Se
Read MoreIndia emerges as biggest source for digital talent
India has highest proportion of digital talent with 76 per cent among the countries surveyed, compared to the global average of 56 per cent, according
Read MoreIntel raises full year revenue, profit forecast
Intel Corp, the world?s largest computer chipmaker raised its full-year revenue and profit forecast, helped by strong growth in its data center and cl
Read MoreNCLT reserves order on insolvency petition against Era Infra
A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its order in the insolvency petition against Era Infra Engineering fi
Read MoreAmazon sales surge after Whole Foods acquisition, busy Prime Day
Amazon.com Inc on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at ?Prime Day? promotions on its
Read MoreGE explores divesting its transportation, healthcare IT businesses, says sources
General Electric Co is exploring divesting its transportation and healthcare information technology businesses, as it seeks to reshape its portfolio u
Read MoreSaudi Arabia invests $1 billion in Virgin Group?s space ventures
Saudi Arabia?s sovereign wealth fund plans to invest about $1 billion in Virgin Group?s space companies, giving the ventures a welcome jolt of capital
Read MoreChinese party official says Beijing will not set target to double GDP from 2021
China will not set a target to double gross domestic product (GDP) from 2021, a senior Communist Party official said on Thursday, as top leaders look
Read MoreUK retail sales plunge at fastest rate since 2009: CBI
British retail sales plummeted in October at the fastest pace since early 2009 when the country was last in recession, according to a survey that coul
Read MoreJapan's factory output seen down in September, rising trend intact
Japan?s industrial production was expected to show a fall in September after solid gains the previous month, a Reuters poll found, although analysts s
Read MoreUS Treasury yields edge higher after soft 7-year note auction
US Treasury yields inched higher on Thursday in choppy trading, undermined by a soft auction of US 7-year notes which saw demand at its weakest since
Read MorePower sector reforms coming soon, says Minister RK Singh; see what is in offing
The government is planning to introduce major changes in various segments in the the power sector such as power purchase agreement (PPA) requirement,
Read MoreTextile exporters to tap UAE market
A 100-member delegation from textile and garment industry would be visiting the United Arab Emirates next month. Federation of Indian Export Organisat
Read MoreGovernment tightens screws on assets owned by deregistered companies
The corporate affairs ministry today asked states to complete identification of properties owned by deregistered companies at the earliest and ensure
Read MoreGovt working on new consumer protection law, says PM Modi
We all are consumer at some place. By virtue of being consumer, we have some rights and therefore those rights need to be protected. This is exactly w
Read MoreGST Council may fix single tax rate for similar product categories
A week after Revenue Secretary Hasmukh Adhia called for a complete overhauling of tax rates under GST, it has been reported that the government is wor
Read MoreInfrastructure sector hails stimulus push
The Rs.7,00,000-crore stimulus push announced by Finance Minister Arun Jaitley is being hailed by various players in the infrastructure sector, as it
Read MoreDraghi Calls for Caution as Flagship Stimulus Heads to Exit
Mario Draghi warned that the European Central Bank will remain cautious even as he put his signature stimulus measure on the road toward an exit.The E
Read MoreRescue plan may lure foreigners anew to Indian stocks
Indian equities, already among the top performers in Asia this year, may start drawing back foreigners after the government announced a $32-billion re
Read MoreCafe Coffee Day to shut down 30 stores, but all set to add another 100
Coffee Day Global-owned cafe chain Cafe Coffee Day (CCD) plans to shut around 25 to 30 stores this year. However, plans are also afoot to add around 1
Read MoreDelhi HC allows Vodafone to take part in appointing arbitrator in tax case
The Delhi High Court allowed Vodafone Group representatives to participate in the process of appointing a presiding arbitrator in its international ar
Read MoreInfrastructure investments to rise to Rs 50 lakh cr in FY18-22, says Crisil, suggests 5 steps to ensure results
Investments in India?s Infrastructure sectors will grow to Rs 50 lakh crore in the five fiscal years to FY22, up over a third from the previous five y
Read MoreSebi issues new block deal window rules; minimum order size now Rs 10 cr
Market regulator Securities and Exchange Board of India (Sebi) on Thursday revised the framework for 'block deals' by providing two separate trading w
Read MoreGovt extends date to claim GST transition credit till Nov 30
The government on Thursday extended the deadline by a month till November 30 for businesses to claim credit of transitional stock in the Goods and Ser
Read MoreOil steady near $52 as Saudi prince backs Opec cuts
Oil steadied near $52 a barrel as Saudi Crown Prince Mohammed bin Salman backed the extension of Opec production cuts beyond March 2018.Futures were l
Read MoreGold imports double in September quarter despite GST, PMLA notification
Gold imports in the September quarter doubled despite the complications arising out of the goods and services tax (GST) implementation, money-launderi
Read MoreRailways Readies Rs 35,000-cr Plan to Fully Electrify Network by 2021
Indian Railways has prepared a ` . 35,000-crore plan to electrify its entire network in the next four years, a move that will help save ` . 10,500 cro
Read MoreBonds rebound, call rates end lower
Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, while the overnight call money rates ended lower due to lack of
Read More$40 billion investment expected in Indian oil & gas sector in 5 years: Pradhan
India?s oil exploration and production sector will see investments worth $40 billion over the next four to five years, petroleum and natural gas minis
Read MoreUS durable goods orders rose 2.2% in Sept, vs 1.0% increase expected
New orders for key U.S.-made capital goods increased more than expected in September and shipments rose for an eighth straight month, suggesting busin
Read MoreCisco and Google Find Mutual Interest in Cloud Computing
Google and Cisco Systems, two trendsetters in different eras of the internet, are joining forces as the growth of cloud computing puts new pressure on
Read MoreIndia slaps anti-dumping duty on some stainless steel imports
India imposed anti-dumping duty on some cold-rolled flat products of stainless steel from China, the US, South Korea and the European Union, to curb t
Read MoreBitcoin Is a Commodity Not a Currency, Says South Korean Central Bank Chief
The head of South Korea's central bank has ruled out classifying bitcoin as a currency, arguing that cryptocurrencies are a form of commodity instead.
Read MoreHDFC Bank net up 20%; NPAs also rise
HDFC Bank, India?s second-largest private lender, has posted a 20.1 per cent growth in its net profit in the quarter ended September to Rs 4,151 crore
Read MoreRBI, Centre see leap in economy
Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday hailed the government?s bank recapitalisation plan, terming it a ?monumental step forwar
Read MoreRecap will need follow up with structural changes at PSBs: UBS
The recapitalisation programme for public sector banks is likely to boost equity market sentiment as it fuels growth recovery hopes, but should be fol
Read MoreSoutheast Asia, India turn to coal for power, imports expected to jump
Southeast Asia and India are set to pick up the slack and drive global coal demand through 2040 as China cuts use of the fossil fuel to fight pollutio
Read MoreIndia's $32 billion bank recap plan spurs share gains and questions
Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32.4 billion plan to recapitalise its state b
Read MoreCash ban, GST to cool GDP growth to 4-year low at 6.7%, shows poll
India?s economy will likely grow at its slowest pace in four years this financial year, a Reuters poll showed, as a currency ban and the new goods and
Read MoreGold import double in September quarter despite GST, PMLA notification
The gold import in the September quarter has doubled despite the challeneges faced by the industry due to GST roll out, PMLA notification and dull dem
Read MoreChina says will not set target to double GDP from 2021, in change from the past
China will not set a goal of doubling its gross domestic product starting in 2021 so it can focus more on higher-quality, long-term growth, a senior C
Read MoreECB to curb bond-buying in first step towards end of easy money
The European Central Bank is all but certain to cut back on its bond-buying stimulus on Thursday, taking its biggest step yet in unwinding years of l
Read MoreIndian companies raise $3.28 billion debt from overseas market in September
Power Grid, EXIM Bank, and NTPC figure among the companies which together raised USD 3.28 billion debt from overseas markets in September, according t
Read MoreUS Treasury yields rise on upbeat data, Federal Reserve chair talk
US Treasury yields climbed on Wednesday, boosted by strong durable goods and new home sales data as well as speculation about President Donald Trump?s
Read MoreBharatmala highway projects worth Rs 8 lakh cr to be rolled out by 2018: Nitin Gadkari
Minister for road transport and highways Nitin Gadkari on Wednesday said highway projects worth Rs 8 lakh crore under the Bharatmala Pariyojana (BMP)
Read More'Bank recap may make fiscal deficit target hard to achieve'
The massive Rs 2.11 lakh crore capital infusion in public sector banks may make the 3.2 per cent fiscal deficit target for 2017-18 difficult to achiev
Read MoreIGST relief likely for foreign banks, MNCs
The government may be looking to give some respite to foreign banks and multinationals which are saddled with the additional cost of paying 18% integr
Read MoreZero-Coupon Bonds, holding co may help raise Rs 1.35 lakh crore
The government is exploring the establishment of a non-operating holding company (NOHC) to raiseRs 1.35 lakh crore through bonds to recapitalise state
Read MoreGovt announces mega Rs 2.11 lakh crore bank recapitalisation and Rs 7 lakh crore road plan
The Centre announced a .Rs 2.1-lakh-crore capital infusion plan for state-owned banks and an ambitious road development programme to boost the economy
Read MoreJapan government keeps moderately upbeat view on economy in October
Japan?s government maintained its moderately optimistic view on economic growth in October, indicating that a recovery remains on track due to increas
Read MoreUK economy gains pace, puts BoE rate hike firmly on track
Britain?s sluggish economy perked up slightly during the past three months, an unexpected boost that clears the way for the Bank of England to raise i
Read MoreRCom to shut 2G biz; forces users to shift to 4G or port out
Anil Ambani-led Reliance Communications (RCom) has asked 60 per cent of its 81 million customers to migrate from using second generation (2G) services
Read MoreCentre proposes to extend Aadhaar linking deadline to those ?willing to enrol?
The government proposed extending the deadline for mandatory linking of Aadhaar with bank accounts and mobile phones from December 31, 2017 to March 3
Read MorePaytm to scale up banking business
Paytm Payments Bank, which reported losses of Rs 30 crore in its first seven months of operation till March 2017 on the back of revenues of Rs 2.47 cr
Read MoreU.S. crude slips on inventory build, gasoline rallies
U.S. oil prices slipped on Wednesday after a surprising increase in U.S. crude inventories, while U.S. gasoline futures rallied 1 percent on a sharp f
Read MoreNon-food credit growth improves to 8.42%
Growth in non-food bank credit improved to 8.42% year-on-year (y-o-y) during the fortnight ended October 13 from 7.46% in the previous fortnight. The
Read MoreEquis India renewables not to be put up for sale after $5 bn deal with Global Infrastructure Partners
The proposed $5 billion acquisition of Singapore-based Equis Energy by New York-based Global Infrastructure Partners (GIP) is not expected to result i
Read MoreGovt retains GPF interest rate at 7.8% for October-December
The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 7.8% for the October-December quarter.T
Read MoreHindustan Unilever posts 16 per cent rise in Q2 profit
FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 16.42 per cent increase in its standalone net profit at Rs 1,276 crore for the Septemb
Read MoreWhat is true fiscal cost of PSBs recapitalisation bonds? Rs 9000 cr in interest burden, says CEA Arvind Subramanian
The true fiscal cost of issuing bonds worth Rs 1.35 lakh crore to infuse capital into public-sector banks saddled with bad loans is Rs 8,000-Rs 9,000
Read MoreATC to buy 20,000 Vodafone, Idea towers for over $1 billion EV
Boston-based American Tower Corp (ATC) is set to buy 20,000-odd standalone towers of Vodafone India and Idea Cellular at an enterprise valuation just
Read MoreGST, Rera bump up realtors' woes
Nearly four months after implementation of goods and services tax (GST), developers still find themselves in a home-sales bind, unable to imbibe a tax
Read MoreRBI imposes Rs 6 crore penalty on Yes Bank, Rs 2 crore on IDFC Bank
The Reserve Bank of India has slapped a monetary penalty of Rs 6 crore on Yes Bank and Rs 2 crore on IDFC Bank for violating regulations issued by the
Read MoreGovernment retains General Provident Fund interest rate at 7.8% for Oct-Dec
The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 7.8 per cent for the October-December q
Read MoreDisorderly Brexit risk rises but BoE to raise rates anyway
The likelihood of a disorderly Brexit has crept higher but that won?t deter the Bank of England from raising rates next week for the first time in a d
Read MoreBOJ sees less to fret about low inflation, policy on hold
Japan?s central bank is set to roughly maintain its price forecasts at its policy meeting next week and blame stagnant inflation on factors like corpo
Read MoreKerala government all set to manufacture electronic hardware; may ink deals with Intel, UST Global
The Kerala government is readying for a studied foray into electronics hardware manufacturing, after a panel on the Kerala Electronics and Hardware Mi
Read More?Prudent hike in MSP to keep food price inflation contained?
The hike in minimum support prices of rabi crops is a prudent policy response and should keep food price inflation contained in the near term, says a
Read MoreIndia Inc welcomes move to infuse Rs 2.11 lakh crore in state-run banks
The government's decision to infuse Rs 2.11 lakh crore in public sector banks and spend Rs 14 lakh crore on infrastructure projects has received the t
Read MoreBad loans and stressed assets in banks estimated at $153.5 billion
Bad loans and stressed assets in Indian Banks are estimated at 10 trillion rupees ($153.49 billion), Chief Economic Adviser Arvind Subramanian said on
Read MoreSaudi Arabia announces investments to build $500-billion mega city
Saudi Crown Prince Mohammed bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today?s Saudi
Read MoreBond yields, call rate dip
Government bonds (G-Secs) recovered due to renewed demand from corporates and banks. The 6.79 per cent 10-year benchmark bond maturing in 2027 rose to
Read MoreHDFC Bank Q2 profit rises 20% to Rs4,151 crore
HDFC Bank Ltd on Tuesday reported a 20.1% jump in its September quarter net profit due to higher net interest income and other income. The bank report
Read MoreReadymade garment exports up 25% in Sept; firms say can't sustain growth
After seeing a fall for three months in a row, ready-made garment (RMG) exports rose by 25 per cent in rupee terms and 30 per cent in dollar terms in
Read MoreBankers, analysts welcome recapitalisation move
The government?s recapitalisation plan can give a big push to the anaemic credit growth in the system, as banks now will have enough money to take car
Read MorePhillips Carbon Black lines up Rs 800 crore investment to up capacity
After posting its best-ever quarterly results in the second quarter of the current fiscal year when net profits surged past 300 per cent at Rs 50.78 c
Read MoreRCom to shut down DTH business next month
Reliance Communications, which is in the midst of a debt restructuring, is shutting down its direct-to-home television business from next month after
Read MoreTrai clarifies internet telephony rules, call charges to fall
In a move that is likely to bring down voice calling charges further, sectoral regulator the Telecom Regulatory Authority of India (Trai) has clarifie
Read MoreInequality the `Biggest Danger' for Strengthening World Economy
As the great and the good of global economics gathered in Edinburgh at the weekend, one of the few things talked about more than Adam Smith was inequa
Read MoreICICI Pru Life PAT flat at Rs 421 crore
ICICI Prudential Life Insurance has reported almost flat profit after tax (PAT) in the quarter ended September 30 at Rs 421.21 crore compared to the s
Read MoreGold prices regain glitter on jewellers? buying, global cues
Gold prices on Tuesday made a turnaround after three days of losses, recovering by Rs60 to Rs30,510 per 10 grams at the bullion market on increased bu
Read MoreIndia may topple no. 2 Japan in crude steel production
World crude steel production increased 5.6% to 141.4 million tonnes in September from a year earlier.India, which is tipped to topple Japan and emerge
Read MoreMaxed out in federal debt, foreigners find new India target
With overseas investor limits for India?s high-yielding sovereign debt almost used up, bond funds are starting to buy up state notes. Problem is, find
Read MoreFPIs sell $1.01-bn equities in October
Foreign Portfolio Investors (FPIs) continued their selling spree in October after offloading equities worth $3.6 billion in the last two months. So fa
Read MoreRecapitalisation bonds unlikely to make significant dent in yields
Despite the government announcing its recapitalisation plan that includes issuance of recap bonds worth Rs 1.35 lakh crore, bond market experts believ
Read MoreBigBasket raises Rs 32.65 cr in funds from Helion Ventures; Grofers raises 96 cr from parent
Online grocer BigBasket has raised Rs 32.65 crore from Helion Ventures Partners III through allotment of 50,000 shares at Rs 6,509.25 apiece on Septem
Read MoreInfosys Posts Surprise 7% Rise In Q2 Profit, But Cuts Revenue Guidance
Infosys, India's second biggest IT outsourcer, today reported a net profit of Rs. 3,726 crore for the July-September quarter, beating the Street's est
Read More7th Pay Commission salary hikes brought this good news; see how benefit flowed
The Centre?s overall spending grew 12% and its capex by 8% in the first half of this year. The central public enterprises (CPSEs) also lent a helping
Read MoreWith Bharatmala project central to highway construction plan, Modi government clears Rs 7 lakh cr spend over 5 years
Recognising the role highway construction can play in quick job creation, the Narendra Modi government has scaled up its plan for the sector ? a massi
Read MoreTo boost job creation, power-up lending, Narendra Modi government to pump in this big amount in PSBs
Helped by balance sheets much cleaned up under Reserve Bank of India (RBI) tutelage, public sector banks (PSBs) will have their capital base bolstered
Read MoreOrder under section 119 of the Income-tax Act, 1961 in respect of extension of due date for filing of Country-by-Country Report for reporting accounting year 2016-17
Publish Date : Wednesday, October 25, 2017
How has the Brexit vote affected the UK economy? October verdict
Over the past month, sterling has faltered amid weak economic data and slow progress in the Brexit negotiations, despite expectations for a rate hike
Read MoreEuro zone business remained strong as prices rise sharply: PMI
Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong eve
Read MoreRecovery depends on future initiatives by government
The slowdown in the Indian economy has bottomed out but the pace of recovery would "critically depend" on the initiatives that the government takes fr
Read MoreModi Cabinet approves Rs 7 lakh crore road schemes, including Bharatmala; economy extremely strong, says Arun Jaitley
Bharatmala highway road project Live Updates: Finance Minister Arun Jaitley is set to announce a number of road connectivity projects at an estimated
Read MoreGovernment waives fine for delayed filing of August, September
The government today waived penalty on delayed filing of initial GST returns for the months of August and September. ?To facilitate taxpayers, late fe
Read MoreGST collections at Rs 92,150 crore in September
The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today.
Read MoreBanking industry wage pact unlikely by month-end
The prospects of arriving at a wage pact between bank managements under the aegis of the Indian Banks? Association (IBA) and unions by the end of the
Read MorePSU banks rally 3-6% on hopes of early recapitalisation plan
Shares prices of PSU banks rallied 3-6 percent on hope of early recapitalisation plan, including issue of recapitalisation bonds.Syndicate Bank, State
Read MoreChina's red-hot property market may finally be set for sustained cooling
China's escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are
Read MoreChina fiscal deficit to be under 3 percent target, says finance minister
China's finance minister said the country's 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-e
Read MoreChancellor told to freeze taxes in Budget
The British Chambers of Commerce (BCC) said Philip Hammond should help firms prepare for Brexit rather than prioritising "giveaways". The British Reta
Read MoreDividend payouts this year are on track for a record ?94bn
It comes after payouts leapt to ?28.5bn in the three months to September, a record for a third quarter.The increase, which includes a rise in special
Read MoreRelief for retailers as GST invoicing norms eased
Retailers won't have to issue long invoices detailing prices and taxes for each item under the goods and services tax (GST) regime, further easing th
Read MoreGraphite India profit surges 463% in Q2
Graphite electrode maker Graphite India has seen a 463 per cent jump in standalone net profit to Rs.90 crore for the second quarter ended September 30
Read MoreGSTN starts offline tool to record inputs sent to job workers
GST Network today said it has launched an offline tool for businesses to quarterly file a form detailing inputs or capital goods sent to job workers a
Read MoreSchaeffler India to invest Rs.500-600 cr in expansion
Schaeffler India, which is now in the process of merging its two entities, INA Bearings and Luk India, with itself is drawing up major expansion plan
Read MoreFiscal, monetary discipline important, says RBI chief Urjit Patel
Reserve Bank of India (RBI) governor Urjit Patel has said it is important for a country to maintain monetary and fiscal discipline if it is to attract
Read MoreMNCs get resident taxation relief
Routine administrative functions by the regional headquarters in India of multinational corporations (MNCs) have been exempted from taxes under the ru
Read MoreRBI sets reference terms for task force on public credit registry
The Reserve Bank of India (RBI) on Monday announced the composition and terms of reference of a 10-member task force on public credit registry (PCR),
Read MoreNoble Group Warns of Loss Topping $1 Billion
Noble Group Ltd. warned of a more than $1 billion third-quarter net loss as it agreed to sell most of its oil business to Vitol Group, prolonging the
Read MoreAndhra Pradesh signs MoUs with UAE firms, $7.5-billion investment expected
The Andhra Pradesh government on Monday signed two major deals with Dubai-based firms, which could net a total investment of $7.5 billion for the stat
Read MoreOLX revenue jumps 58%, turns profitable, puts pressure on rival Quikr
Naspers-owned online classifieds platform OLX has become one of the first large e-commerce companies in India to turn profitable, putting even more pr
Read MoreInter-state supply may come under GST composition
The composition scheme for small taxpayers that offers easier compliance and a flat rate of tax looks set to be made more attractive as its ambit may
Read MoreTextile park attracts Rs 3,020-cr investments
Korea-based Youngone Corporation, Welspun group and Gujarat-based Nandan Denim of Chiripal group have proposed to invest about Rs 2,450 crore in the n
Read MoreHartford to buy Aetna U.S. life and disability unit for $1.45 bln
Property and casualty insurer Hartford Financial said it would buy health insurer Aetna Inc's U.S. group life and disability unit for $1.45 billion in
Read MoreToshiba sees annual loss of almost $1 billion after tax related to chip unit sale
Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calcul
Read MoreNon-power sector still faces shortage of coal
While companies like ITC are scrambling for coal to run their units, Coal India (CIL) says that the overall fuel offtake at the state-run behemoth in
Read MoreOver 66 lakh new investors added in mutual funds in April -September period
Showing a growing traction for mutual funds among investors, the number of folios has grown by over 66 lakh in the first six months of the current fis
Read MoreFPI investments into Indian debt nudge $22-billion mark
Foreign portfolio investors (FPI) continue to remain upbeat on Indian debt as fund flows into the segment have nudged the $22 billion mark, according
Read MoreEESL, M&M join hands to implement energy efficient alternatives with LED
Power Ministry-arm Energy Efficiency Services Limited (EESL) along with auto maker Mahindra & Mahindra (M&M) today announced a collaborative LED repla
Read MoreBhel starts execution of Rs20,400 crore Yadadri plant in Telangana
State-run power equipment maker Bharat Heavy Electricals Ltd (Bhel) Monday said it has commenced execution of Rs20,400 crore Yadadri supercritical the
Read MorePaytm payments soar 3.5x to $1.6 bn in festive season
The SoftBank- and Alibaba-backed Paytm on Monday claimed to have processed payments worth $1.6 billion on its platform during the festive season, betw
Read MoreHindustan Zinc Q2 profit rises 34%
Buoyed by higher zinc and lead prices and an exceptional gain of Rs291 crore, Hindustan Zinc Ltd (HZL) on Monday reported a 33.8% year-on-year jump in
Read MoreGovernment likely to achieve 3.2% fiscal deficit target: SBI
The government is likely to achieve the fiscal deficit target of 3.2 per cent of GDP for the first time in about seven years, but may cut its capital
Read MoreHealthcare IT companies raise $5.5 billion in VC funding in Jan-Sep 2017
Global healthare IT/digital health companies have raised USD 5.5 billion in VC funding in January-September this year, more than in all of 2016, says
Read MoreHere's why China is buying up assets in Australia
Chinese investors are buying up assets in Australia from housing to ports to agriculture.One area where that trend is particular noticeable: Chinese i
Read MoreToshiba sees annual loss of almost $1 bln after tax related to chip unit sale
Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calcul
Read MoreThe financial tsunami ahead
The world is almost certain to witness a financial tsunami, warns financial analyst Ernst Wolff in his latest book, FinanzTsunami: Wie das globale Fin
Read MoreSolar costs to fall further, powering global demand - Irena
Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International R
Read MoreLinking Aadhaar number to bank accounts is mandatory, clarifies RBI; read full statement
A number of people are still confused whether the linking of Aadhaar number with bank account is mandatory or not. Now, after some news reports went v
Read MoreFiscal deficit of 3.2% seems not difficult in FY18: Report
The government is likely to achieve its fiscal deficit target of 3.2 per cent this financial year as the budgeted disinvestment receipts are on track
Read MoreExporters can claim refund this week for GST paid in August, September
Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of r
Read MoreValuation rules under GST could lead to transfer pricing disputes
As companies focus on the country?s biggest indirect tax reform ? Goods and Services Tax (GST) ? an old ghost of transfer pricing (TP) may come to hau
Read MoreCIL COAL SUPPLY TO POWER SECTOR UP 7% IN APRIL-SEPT
Supply of coal by state-owned CIL to the power sector in the first six months of the ongoing fiscal increased 6.7 per cent to 204.5 million tonnes eve
Read MoreMFs pump $12 billion in equities, outshine FPIs' investment
Investment by mutual funds in domestic equities touched a staggering USD 12 billion in the April-September period on strong retail investor interest,
Read MoreMirc Electronics eyes 20-25 pc growth in next 5 years
Mirc Electronics, which owns the Onida brand for manufacturing of electronics goods, has said it is looking to grow at 20-25 per cent for the next fi
Read MoreM&M blazes a trail, gets into top rung in large trucks? sales
In India?s heavy-duty trucking industry, Mahindra Trucks and Buses Division has been a peripheral force for years. But in the first half of FY18, the
Read MoreFuture Group keen to tap travel retail, may buy rights for WHSmith in India
Future Group is in an advanced stage of buying out the franchise rights of British retail chain WHSmith in India from Travel News Services India (TNSI
Read MoreKandla Port gets green nod to develop Rs 1,176 crore smart city
State-owned Kandla Port Trust has received environment clearance for setting up a Rs 1,176-crore smart industrial port city in KutchBSE 4.96 %, Gujara
Read More90,000-cr port revamp, development plan finalised: Gadkari
Union Minister Nitin Gadkari has said a blueprint of 142 expansion projects has been finalised to modernise 12 major ports and develop new harbours at
Read MoreInvestors return as oil market revives
Oil investors are back in the ring. Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on
Read MoreGold declines as dollar recovers
Gold fell sharply last week, giving back all the gains made the previous week. The global spot gold failed to sustain above the psychological $1,300 p
Read MoreIGST refunds for exporters start, but at a slow pace
In some relief to exporters, tax officials have begun clearing pending refunds of Integrated Goods and Services Tax (IGST), albeit at a slow pace.Acco
Read MoreCut in deposit rates drives investors to MFs
Every time a bank cut its term deposit rate in the last year or so, it pushed desperate customers to increasingly look elsewhere for better-yielding a
Read MoreFood inflation: Pulses, oil offset pressure from onions, tomatoes
Barring onions and tomatoes, prices of many other food items, particularly of pulses, ruled much below last year's level, bringing down overall food i
Read MoreFPIs infuse $2 billion in debt market this month
Foreign investors have poured a whopping $2 billion into the Indian debt markets so far this month due to lower currency volatility coupled with "posi
Read MorePaytm Mall does sales worth $4 bn, claims 20% of market share
In the midst of e-commerce companies making tall claims about sales after the completion of the festive season, Paytm Mall on Sunday said that the com
Read MoreEmaar India raises Rs 500 crore debt; plans Rs 500 crore more by March
Realty firm Emaar India has raised about Rs 500 crore debt so far this fiscal and plans to raise another Rs 500 crore by March 2018 to meet constructi
Read MoreChina property sales will slow in fourth quarter, prices stable: housing minister
China?s property sales will slow in the fourth quarter but prices will remain stable, the housing minister said on Sunday,as more signs emerge that th
Read MoreONGC plans to raise oil output by 4 MT by 2020
ONG has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Na
Read MoreBanking Sector Stares At Additional Rs 40,000 Crore In Bad Loans
The banking sector fears that bad loans may increase by another Rs 40,000 crore after the central bank directed Axis Bank Ltd. to classify eight conso
Read MoreIndia's GVA growth may rise to 6.3% in September quarter: Nomura
The Indian economy is expected to see a rebound in the July-September quarter of this year with a GVA growth rate of 6.3 per cent, says a Nomura repor
Read MoreHow cheap Reliance Jio, Airtel offers plus affordable smartphones set online streamers Hotstar, JioPlay, Netflix on fire
India?s app ecosystem is becoming increasingly fertile with as many as 30 apps now commanding a meaningful viewership. Although, the penetration of sm
Read MoreMaruti becomes top exporter of passenger cars from India
Maruti Suzuki IndiaBSE 0.86 % has become the largest passenger cars exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Mo
Read MoreNotification No.26 /2017-Central Excise (N.T.)
Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for the purpose of deciding appeals pending as on 30th June 2017.
Read MoreNotification No.51/2017-Customs (ADD)
Seeks to rescind notification No. 08/2013-Customs (ADD) dated 18.04.2013, in supersession of notification No. 56/2016-Customs (ADD) dated 21.12.2016.T
Read MoreNotification No.50/2017-Customs (ADD)
Seeks to rescind notification No.34/2012-Customs (ADD) dated 03.07.2012, in supersession of notification No. 55/2016-Customs (ADD) dated 21.12.2016.Th
Read MoreNotification No.49/2017-Customs (ADD)
seeks to impose definitive anti-dumping duty on the imports of " Color Coated/ Pre-Painted flat products of alloy or non-alloy steel " originating in
Read MoreNotification No.96/2017 Customs (N.T.)
Exchange Rates Notification No.96/2017-Custom(NT) dated 18.10.2017
Read MoreNotification No.95/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 79 /2017 Customs
Seek to amend various Customs exemption notifications to exempt Integrated Tax/Cess on import of goods under AA/EPCG. schemes
Read MoreNotification No. 78 /2017 Customs
Seeks to exempt goods imported by EOUs from integrated tax and compensation cess
Read MoreNotification No. 77 /2017 Customs
Customs seeks to amend notification No. 50/2017-Customs to prescribe BCD and IGST rates on certain goods
Read MoreNotification No.RBI/2017-18/80
Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) - Aajeevika - Interest Subvention Scheme
Read MoreNotification No.RBI/2017-18/79
Gold Monetisation Scheme, 2015
Read MoreClarification related to guidelines for establishing 'Place of Effective Management' (PoEM) in India
Publish Date : Monday, October 23, 2017
Revamped Islamic Economy strategy 2017-2021 on the cards
The Dubai Islamic Economy Development Centre (DIEDC) is looking at implementing a refreshed Islamic Economy Strategy for 2017-2021 that will help real
Read MoreDetails of a massive trade deal among 11 heavyweight economies may be announced next month
Ten months after President Donald Trump abandoned what was pegged as the world's biggest trade deal, its surviving participants may be close to a new
Read MoreAxis Bank Q2 net profit rises 38 per cent to Rs 432 cr
Private sector lender Axis Bank today reported a nearly 36 per cent increase in net profit at Rs 432 crore in the second quarter ended September despi
Read MoreGerman development bank KfW to prepare DPR for Vijayawada Metro project
German development bank KfW, which is preparing the detailed project report (DPR) for the Vijayawada Metro rail project, has shortlisted five differen
Read MoreAfter Nicco defaults on Rs 300 cr loans, NCLT orders liquidation proceedings
The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday ordered liquidation proceedings against Nicco Corporation after its lenders v
Read MoreOil prices rise on tighter U.S. market, Middle East tensions
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.Brent cr
Read MoreCentral bank watching and currency bets
Investor positioning in some of the world's biggest currencies has gone through major shifts in recent weeks as some of the world's top central banks
Read MoreIndia, Mozambique agree to develop Rovuma gas find
India and Mozambique today agreed to expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports.Oil
Read MoreGold sparkles on Diwali demand, tops Rs 31,000
Gold prices spurted by Rs 290 to 3-week high of Rs 31,000 per 10 grams on the eve of Diwali at the bullion market today on increased buying by local j
Read MoreSurjit Bhalla upbeat about Indian economy than two weeks ago, sees growth rate of 6.5% at FY18
India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other compan
Read MoreAhead of Diwali, good news for Indian economy
A series of economic data has delivered a dose of good news since the middle of last week, making it one of the best times for the Indian economy in s
Read MoreGST revenue loss: Centre pays Rs 8,698 crore to states, UTs
The government has provisionally released Rs 8,698 crore to all states and Union territories with legislatures, barring Rajasthan and Arunachal Prades
Read MoreChinese economy has gained strong momentum for growth: CPC
China has full confidence in the positive long-term outlook and sound growth of its economy despite the global slowdown, the ruling Communist Party of
Read MoreUK interest rates set to rise as inflation hits 3 per cent
Inflation in Britain has hit 3 per cent for the first since early 2012, official figures showed today ? a development that reinforces expectations tha
Read MoreNotable increase in foreign exchange purchase by India: US
Observing that there has been a notable increase in the scale and persistence of India's net foreign exchange purchases, the US Department of Treasury
Read MoreGST hits excise-free zones; pharma, FMCG companies worried
A new GST reimbursement scheme has left Dabur, Godrej and many other FMCG and pharmaceutical companies worried about their manufacturing operations in
Read MoreYou may Get the Power to Choose Distribution Co
The government plans to give electricity consumers the freedom to choose the supplier by enacting a new law that will bring the long-awaited system si
Read MoreAsia Fingerlix grabs US$7M more to deliver ready-to-cook food at your doorsteps
Fingerlix, an on-demand ready-to-cook fresh food delivery brand in India, has received US$7 million in Series B round of funding from Accel Partners.Z
Read MoreUnited Phosphorous to invest Rs 6,000 cr on agro-chemicals plant in Dahej
Agro-chemicals player United Phosphorous Ltd (UPL) on Tuesday announced plans to invest Rs 6,000 crore to set up a plant to manufacture agro-chemicals
Read MoreACC Q3 net profit jumps over two-fold to Rs 181 cr
Cement maker ACC Ltd today reported over two-fold jump in its consolidated net profit to Rs 181.53 crore for the third quarter ended September 30, mai
Read MoreGold ETFs register Rs 388 crore outflows in April-September 2017
Gold exchange-traded funds (ETFs) continued to lose sheen as an investment class as investors pulled out Rs 388 crore from these instruments in April-
Read MoreMFs' AUM from B15 towns rises 38% to Rs 3.8 lakh cr
The contribution of the country's smaller towns -- known as beyond-15 cities (B15) -- to mutual funds' assets base reached to Rs 3.8 lakh crore at Sep
Read MoreInvestments in foreign units fall 39%
India Inc.?s investment in overseas ventures fell by almost 39.3% to $2.65 billion in September this year, according to the RBI data released on Tuesd
Read MoreOutstanding credit till September-end grows 14.6% on banks? participation
Outstanding credit ? loans and bonds and commercial papers (CPs) ? grew 14.6% year-on-year (y-o-y) between September 30, 2016 and September 30, 2017.
Read MoreIndia Inc deals hit $47.8 bn mark in YTD 2017, up 34 pct, says Grant Thornton
Deals sealed by Indian firms via mergers and acquisitions (M&A) as well as private equity investments saw a 34% rise on a year-to-date (YTD) basis at
Read MoreRIL-BP to invest $1.5bn in 6 satellite gas discoveries
Reliance Industries and its partner BP will invest over $1.5 billion in six satellite gas discoveries in the KG-D6 block, the combine has said in a r
Read MoreGrasim, Arvind line up new investments in Gujarat
Two of the country?s leading textiles and clothing companies, Aditya Birla group?s Grasim Industries and Arvind Ltd, have lined up fresh investments i
Read MoreWipro cuts third quarter revenue guidance to 0-2%
A reasonably good performance in the September quarter notwithstanding, software major Wipro on Tuesday toned down revenue guidance for Q3FY18 to 0-2
Read MoreWPI to average 2.8% in 2018: Nomura
Wholesale Price Inflation is expected to moderate further in the coming months, and is likely to average 2.8% in 2018, says a Nomura report.According
Read MoreSmartphone shipments touch record high in Q2
The shipment of smartphones grew 13 per cent year-on-year (y-o-y) during July-September to touch a record high of about 40 million units, said Counter
Read MoreWhy India?s stellar exports figures are both important and encouraging
The big lesson for emerging markets from the taper crisis of 2013 was this: Don?t go into a US tightening cycle without your exporters bringing home t
Read MoreWomen representation in India Inc up 5% this year
Indicating robust participation of women in corporate India, the number of female employees in top 100 companies in terms of best workplace for the fa
Read MoreM&A deals in pharma sector decline in 2017, amid tough business conditions
Pharmaceutical companies have become cautious with regard to mergers and acquisitions (M&As) as business environment remains challenging due to pricin
Read MoreDiwali 2017 auto sales: Mumbai car dealers hit by slowdown in festive season
With the festive season this year spreading over two months, most car dealers in Mumbai are witnessing a slowdown in bookings in October, compared wit
Read MoreSoftBank-Uber multi-billion-dollar deal ?very likely in next week?, says Arianna Huffington
SoftBank?s multi-billion-dollar investment into ridesharing app Uber will be finalised ?very likely in the next week? Uber board member Arianna Huffin
Read MoreStrengthening India?s corporate bond market
Low private investment, sputtering exports, and stunted private consumption growth have raised calls for a fiscal stimulus, with some even suggesting
Read MoreNewest outpost for US crude exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U
Read MoreJapan manufacturers' mood hits decade-high: Reuters Tankan
Confidence among Japanese manufacturers rebounded in October to match a peak last seen in mid-2007, a Reuters poll found, further evidence that the ec
Read MoreBritish inflation at 5-1/2-year high in September, rate hike on track
British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the B
Read MoreECB 'confident' new global bank rules will be agreed this year
A top European Central Bank supervisor said on Monday she was confident that new global banking rules will be agreed by the end of the year after yet
Read MoreWorld Bank warns Pakistan against rising fiscal deficit
The World Bank has warned Pakistan that its increasing fiscal deficit could put macro- economic management at risk and said it needs around USD 17 bil
Read MoreIndia?s foreign reserves enough to cushion vulnerabilities: Development Bank of Singapore
India?s foreign reserves, which touched a record USD 402.5 billion in September, are high enough to cushion the country against the external vulnerabi
Read MoreIndia likely to stick to fiscal deficit target: Surjit Bhalla
India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other compan
Read MorePetrol, liquor, electricity and real estate set to come under GST ambit in J&K
Jammu and Kashmir is set to bring petrol, electricity, liquor and real estate under the ambit of the Goods and Services Tax (GST), making it the first
Read MoreGoods and Services Tax: E-way bill roll-out in abeyance on IT infrastructure concerns
As the Goods and Services Tax (GST) Council deferred the roll-out of the e-way bill in its last meeting on October 6, at the core of the deferment wer
Read MoreDining in AC restaurants might get cheaper from next month
Eating out at may become cheaper once again as government is reportedly planning to slash Goods and Services Tax on air-conditioned restaurants in Nov
Read MoreGTL Infrastructure to refinance Rs.4,800-cr debt in three months
Tower company GTL Infrastructure Ltd (GTL Infra) and its associate Chennai Network Infrastructure Ltd (CNIL) are in advanced stages of discussions to
Read MoreChina's central bank surprises with gravity-defying 7% growth forecast
China's central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defyi
Read MoreWipro Q2 results expected to be in line with forecast: Analysts
Wipro, the country?s third-largest IT services company, is likely to achieve moderate growth for the July-September quarter (Q2) with revenue numbers
Read MoreSoaring demand for shrimp, squid power seafood exports from India to $1.42 bn in Q1
Seafood exports from India during the first quarter of the current fiscal showed a remarkable growth to touch 2,51,735 tonne, valued at Rs 9,066.06 cr
Read MoreMicromax to foray into new segments, invest Rs 300 cr on mfg
Micromax will foray into segments such as washing machine, refrigerator and microwave, as it plans to be a complete consumer electronics maker, a top
Read MorePrivate Equity Firms Win Big From India's IPO Boom
Amid a record year for India?s initial public offerings, it?s the private equity funds that may be celebrating the most. Private equity and venture ca
Read MoreAirtel-Tata deal beneficial but raises integration risk: S&P
Bharti Airtel?s takeover of Tata Teleservices? consumer mobile business will bolster its subscriber and revenue market share but could raise integrati
Read MoreJSW Cement plans Rs 1,800 crore capex, IPO in 2019-20
Sajjan Jindal-controlled, JSW Cement Limited today said it is investing around Rs 1,800 crore towards expansion of cement capacity to 20 million tonne
Read MoreAfter Amazon clocks $400 mn festive season sales, Flipkart $850 mn, Amazon.com pumps in $250 mn in India arm
Global e-commerce giant Amazon.com has infused Rs 1,620 crore, or $250 million, into the Indian marketplace arm of operations ? Amazon Seller Services
Read MoreAbu Dhabi Investment Authority to invest in NIIF?s Master Fund
The National Investment and Infrastructure Fund (NIIF) of India on Monday said it had signed an investment agreement worth $1 billion with a wholly ow
Read MoreWholesale price inflation falls to 2.6% in September as food items soften
Wholesale inflation fell to 2.60 percent in September as prices of food articles, led by vegetables, softened.Inflation, based on the wholesale price
Read MoreEcommerce still lures big bucks in India, investors push in $2 bn in just 3 months
Indian e-commerce businesses may not be breaking even just yet but big-ticket transactions by private equity (PE) and venture capital (VC) players dro
Read MoreFederal Bank Q2 net profit rises 31% to Rs263.70 crore
Federal Bank Ltd on Monday reported a 31% jump in its September quarter net profit due to improved asset quality and higher net interest income.The ba
Read MoreIMG hits out at Trai over spectrum pricing, seeks relief for telcos
The inter-ministerial group (IMG) on telecom, which recently sent its recommendations to the government on remedial measures to help financially stres
Read MoreOdisha government department signs MOU with SBI
The Odisha government's Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cybe
Read MoreTelcom sector competition to remain intense over 12-18 mths: Moody's
Competition in the Indian telecom sector is expected to remain intense over 12-18 months despite consolidation as leading operators look to safeguard
Read MoreFPIs invest $1.5 billion in debt markets in Oct so far
Overseas investors have pumped a staggering USD 1.5 billion into the country's debt markets in the first two weeks of this month, primarily due to "po
Read MoreCorporate governance: Recommendations of Sebi panel may impact listed firms
The large-scale changes proposed by the Securities and Exchange Board of India (Sebi) panel, headed by Kotak Mahindra Bank Vice-Chairman and Managing
Read MoreBanks begin to accept GST input claims to grant working capital
More than 90 days after the roll-out of the goods and services tax (GST), lenders are gravitating to sanctioning working capital loans, especially to
Read MoreFederal Bank second-quarter profit rises, beats estimates
Federal Bank Ltd (FED.NS) posted a 31 percent rise in second-quarter net profit, helped by lower provisions for bad loans.Net profit rose to 2.64 bill
Read MoreAsia oil buyers turn to U.S. in hunt for cheap supply
Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurri
Read MoreFinMin may finalise capital infusion plan for PSBs by December
The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, accord
Read MoreBharti Airtel, Millicom close deal to combine Ghana operations
Telecom operator Bharti AirtelBSE 4.96 % and Millicom International Cellular today announced completion of a deal to combine their operations in Ghana
Read MoreEquity mutual fund inflow triples to Rs 80,000 crore in April-September 2017
Equity mutual funds registered an inflow of over Rs 80,000 crore in April-September 2017, a three-fold growth from the year-ago period, mainly due to
Read MoreAustralia's household debt is rising ? but its treasurer says the situation is under control
Household debt in Australia has been on the rise as more people are taking out loans to buy houses in the country's red-hot property market. But Austr
Read MoreInflation 'to cause ?300 benefit squeeze'- think tank
September's inflation data will be released on Tuesday, and some analysts predict the Consumer Price Index (CPI) will be 2.9%.The Resolution Foundatio
Read MoreBoston Fed President Eric Rosengren sees three to four rate hikes next year
The Federal Reserve will probably need to raise interest rates in December and then three of four times ?over the course of next year,? assuming the U
Read MoreBad loan recast failures portend more pain for banks as India?s economy is forecast to slow to a 4-year low
Sagging economic growth in India is complicating efforts to clean up a mountain of bad debt at the nation?s banks. Loans worth 1.7 trillion rupees ($2
Read MoreGold import surges to $17bn in April-September
Gold import surged by more than two folds to $16.95 billion during the first half of FY18, according to the commerce ministry data. Gold import, which
Read MoreIndia starts on implementation of motor pact with Bangladesh, Nepal
India has embarked on implementation of the BBIN motor pact with Bangladesh and Nepal, Union Minister Nitin Gadkari said today. India in June 2015 had
Read MoreIndia's WPI inflation eases to 2.60 percent in September
India's annual wholesale price inflation eased to 2.60 percent in September from the provisional 3.24 percent in the previous month, dragged down by s
Read MoreGST on AC restaurants may be brought down to 12%
Himanta Biswa Sarma-led five member GoM on GST composition scheme held its first meeting yesterday, during which they reportedly discussed GST rates f
Read MoreExpect NBFCs to report 15-32% growth in quarterly earnings
Non-banking finance companies are expected to report 15-32 per cent growth in earnings for the last quarter, as affordable housing and consumer lendin
Read MoreLed by Chinese, Investors to Pour $85 B into India
Sany Heavy Industry heads up a list of close to 600 companies planning to invest a total of about $85 billion in India in projects that will create an
Read MoreReliance Jio likely to post profit next fiscal on more users, strong ARPU: Analysts
Reliance Jio Infocomm is expected to post a net profit next fiscal on the back of strong user additions and higher average revenue per user (ARPU), a
Read MoreKarnataka Bank Q2 down 25% at Rs 93 cr despite strong operating show
Mangaluru-based private sector Karnataka Bank has posted a net profit of Rs 93.38 crore during the second quarter of the current financial year.Though
Read MoreRJio is set to overtake Vodafone as second-biggest player in urban India
Within just one year of operations, Reliance Jio is set to overtake Vodafone to become the second-biggest operator in terms of subscribers in urban ar
Read MoreBond market braces for extra borrowing
The bond market is quite sure the government will have to come to it for borrowing more, to bridge the fiscal deficit target gap. The target is 3.2
Read MoreHonda Cars India bets on components exports from India
Japanese car major Honda Cars India saw a 164 per cent jump in component exports from India last financial year when compared to 2013-14. Component ex
Read MoreJSPL on recovery path amid insolvency turmoil in sector
Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) is looking at a recovery after paying back more than Rs 10,000 crore in interest and Rs 6,000
Read MoreSanjiv Goenka group looks at FMCG buys
The RP-Sanjiv Goenka Group has ambitious plans for the newest entrant in its business, fast-moving consumer goods (FMCG).Launched this April, the busi
Read MoreGST on real estate likely to be a lengthy journey
Bringing real estate under the goods and services tax (GST) could take much longer than expected, even as finance ministers are slated to discuss the
Read MoreRIL exits Myanmar blocks, gives up last conventional oil & gas asset abroad
Mukesh Ambani-led Reliance Industries Ltd (RIL) has exited its last overseas conventional oil and gas assets by relinquishing two blocks in Myanmar. H
Read MoreIMF panel says 'no room for complacency' on global growth
The IMF?s steering committee warned that global growth is at risk of faltering in coming years given uncomfortably low inflation and rising geopolitic
Read MoreSlowdown bottomed out, GDP likely to grow 7% in FY18
Niti Aayog Vice Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7% thi
Read MoreSept trade deficit narrows to 7-mth low of $8.98 bn; export soars 25.67%
India's trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday. Merchandise exports for Se
Read MoreBOJ's Kuroda says no signs of excesses building in markets
Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in U.S., European and Japanese marke
Read MoreSaudi Aramco in stake sale talks with Chinese investor
Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed bey
Read MoreSpain's warning on economic growth as Catalan crisis persists
The International Monetary Fund and the Spanish government warned Friday the country's economic growth could be dealt a blow if Catalonia's drive to b
Read MoreGrowth gathering momentum, but where's the inflation?
The euro zone economy may be building up an impressive head of steam that shows no signs of cooling, but what policymakers at the European Central Ban
Read MoreG-20 finance chiefs, upbeat on world economy, affirm coordination over risks
Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in coping with risk factors to the world economy ? such as
Read MoreSeptember Trade Data: Oil imports rise 18.5%; Gold imports fall 5%
Exports in the month of September rose by more than 25% as compared to previous fiscal to $28.61 billion. Oil imports increased by more than 18.5% to
Read MoreRBI: Additional provisioning for bankruptcy cases not ?unusually large?
Additional provisioning requirement for stressed accounts being referred for bankruptcy proceedings is ?nothing unusually large? and capital inadequac
Read MoreIMF favors three structural reforms in India
The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, c
Read MoreGST: Tax department seeks details of transitional credit data
The tax department has sought explanations from banks and financial institutions, including multinationals, on transitional credit claimed by them in
Read MoreNeed stronger bank balance sheets to tackle NPAs: RBI Deputy Governor N S Vishwanathan
Reserve Bank of India Deputy Governor N S Vishwanathan today stressed on the need to strengthen the balance sheets of banks to deal with the "serious
Read More3 months into GST, exports grow over 25%
Exports grew at a six-month-high rate of 25.7 per cent in September year-on-year, maintaining the momentum of 13 months of interrupted rise and despit
Read MoreIndia, Sweden launch initiative for start-ups
India and Sweden are putting in place a mechanism to foster greater cooperation among start-ups and help them enter each other?s markets.?A Sweden-Ind
Read MoreEESL to retrofit appliances in AP courts
Energy Efficiency Services Ltd has entered into an agreement to retrofit appliances for energy effciency in the law courts across Andhra Pradesh.The p
Read MoreMadhya Pradesh government cuts VAT on petrol, diesel
The Madhya Pradesh government on Friday reduced value-added tax (VAT) on petrol and diesel by 3% and 5%, respectively. The state government also withd
Read MoreTelecom sector set for three-way battle
The ongoing shake-up in the telecom sector has set the stage for a three-way battle between Airtel, Reliance Jio and the Vodafone-Idea combine. At sta
Read MoreReliance Retail posts 68% growth in pre-tax profit
Reliance Retail, the organised retail arm of Reliance Industries, on Friday reported a 68.2% year-on-year jump in its pre-tax profit at Rs 444 crore f
Read MoreIndia should prioritise public banking sector reforms: IMF
India must prioritise implementation of public banking sector structural reforms, enhance the efficiency of labour and product markets, and modernise
Read MoreBank of America profit rises on higher rates, lower costs
Bank of America (BofA) beat expectations with a 15 per cent rise in third-quarter profit on Friday as the second-largest US lender kept a tight leash
Read MoreOil rallies nearly 2 percent on China import boost, U.S.-Iran tensions
Oil prices on Friday closed at their highest level in October on bullish news from strong Chinese oil imports, U.S. President Donald Trump?s decision
Read MoreGold jewellery biz may lose shine this Dhanteras due to GST
Jewellery may lose a bit of its lustre this Dhanteras compared to last year due to confusion over GST-compliance but jewellers have lined up discount
Read MoreFPIs sell equities worth $698 million in October
Foreign Portfolio Investors (FPIs) continued their selling spree in October after offloading equities worth $ 3.6 billion in the last two months. So f
Read MoreForeign exchange reserves in India fall to $398 bn, RBI data shows
India?s foreign exchange reserves dropped by $862.20 million as on October 6 to $398.794 billion, data from the RBI show.Foreign currency assets, whic
Read MoreTepid M&A activity in July-September; YTD deal kitty at record high
Corporate India's merger and acquisition (M&A) activity in September quarter stood at USD 2,142 million, down 81 per cent in value terms over last yea
Read MoreOakNorth Bank gets Rs. 1,328 cr investment
Indiabulls Housing Finance today said that is investee company UK?s OakNorth Bank has secured investment of GBP 154 million (approx Rs. 1,328 crore) f
Read MoreFarm growth may slip to over 3% in FY?18 : Niti member
The country?s agriculture and allied growth is likely to be over 3 per cent in the ongoing fiscal, lower than around 5 per cent last year, according t
Read MoreExporters to get GST refund in bank a/c filed with customs
The government has decided to give GST refund to exporters in the bank accounts they have filed with the customs department and not in those they have
Read MoreExport Soars 25.67% to $28.61 Billion in September
India's export soared by 25.67 percent to $ 28.61 billion in September on the back of rise in shipments of chemicals, petroleum and engineering produc
Read MoreRMZ Charts $1-Bn Plan For Hyderabad
RMZ Corp, one of the large office space developers in Bengaluru, will be investing $1 billion for developing about 10 million sq ft of Grade A premium
Read MoreBig boost for Reliance Jio, Q2 numbers show less than expected loss of Rs 270 cr, beats rivals across parameters
Reliance Jio turned an impressive set of numbers for the July-September quarter which is otherwise seen as a weak period for mobile operators. The com
Read MoreWant to hive off Yamuna Expressway project, Jaypee tells Supreme Court
The embattled Jaypee group today informed the Supreme Court that it wants to ?hive off? the multi-crore Yamuna Expressway in order to generate money.
Read MoreOakNorth Bank gets Rs 1,328 cr investment
Indiabulls Housing Finance today said its investee company UK?s OakNorth Bank has secured investment of GBP 154 million (approx Rs 1,328 crore) from t
Read MorePetrol, diesel on Flipkart, Amazon? Experts say feasible, but safety needs priority
Aiming to give a major push to digital drive, the government is planning to put petrol and diesel along with its various products on e-commerce platfo
Read MoreNiti Aayog working with states for agri market reforms
Aiming to double farmers' income by 2022, the federal think-tank Niti Aayog today said it is working with states to adopt first set of agri market ref
Read MoreUBS sees 0.5% fiscal slippage on stimulus, lower revenues
As government mulls a possible stimulus package to revive the economy, Swiss brokerage has estimated a slippage of 0.5 per cent on the 3.2 per cent fi
Read MoreBanks need to set aside Rs 3.3 lakh crore as NPA provisioning in FY18
Banks are likely to need nearly Rs 3.3 lakh crore this fiscal as provisioning for large NPA accounts in the current financial year, said a Crisil repo
Read MoreIdea shareholders approve scheme of merger with Vodafone India
Shareholders of telecom operator Idea Cellular have approved the scheme relating to the merger of its mobile business with Vodafone India, a regulator
Read MoreRBI working on cryptocurrency policy
Reserve Bank of India appears to be preparing a policy on cryptocurrency, a virtual money used as medium of exchange in many countries including India
Read MoreChina Sept imports blow past expectations as economy remains in high gear
China?s import and export growth accelerated in September, suggesting the world?s second-biggest economy is still expanding at a healthy pace despite
Read MoreIndia Inc forecast to swing back to profit growth; economy to improve in second half of year
Corporate India is forecast to swing back to profit growth as businesses resume stocking up shelves after getting a better handle on the new countrywi
Read MoreDigital payment boost: Delhi, Mumbai, Bangalore and Chennai can gain $7.2 bn per year, says Visa
Four metro cities of Delhi, Mumbai, Bangalore and Chennai can reap benefits of $7.2 billion annually by increasing payments through digital means, say
Read MoreGST on petrol, diesel to take time, might cut rates on furniture: Revenue Secretary
Revenue Secretary Hasmukh Adhia on Friday said that the bringing petrol and diesel under the GST regime will take time, while saying that the governme
Read More'Robust' manufacturing fails to boost UK growth
The number of manufacturers reporting improved domestic sales and orders rose in the quarter to its highest level since early 2015, the BCC said.Expor
Read MoreSaudis mull slower subsidy, spending cuts to support economy
Saudi Arabia may cut energy subsidies more gradually and take longer to balance its budget, Finance Minister Mohammed Al-Jadaan said, as the kingdom s
Read MoreNotification No.RBI/2017-18/78
Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia
Read MoreNotification No.RBI/2017-18/77
Exim Bank's Government of India supported Line of Credit of USD 318 million to the Government of Sri Lanka
Read MoreNotification No.RBI/2017-18/76
Master Circular ?Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Read MoreNotification No.RBI/2017-18/75
Risk Management and Inter-Bank Dealings ? Facilities for Hedging Trade Exposures invoiced in Indian Rupees
Read MoreNotification No.RBI/2017-18/74
Interest rates for Small Savings Schemes
Read MoreNotification No.RBI/2017-18/73
Auction of Government of India Dated Securities
Read MoreNotification No.48/2017-Customs (ADD)
seeks to impose definitive anti-dumping duty on the imports of " Wire Rod of Alloy or Non- Alloy Steel " originating in or exported from China PR.
Read MoreBonds decline, call rates end lower
Government bonds (G-Secs) declined on selling pressure from banks and corporates and the overnight call money rates also turned lower due to lack of d
Read MoreGlobal Internet of Things market to hit $1.29 trillion by 2020
With the emergence of digital economy, the global Internet of Things (IoT) market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 202
Read MoreAmbulance firm StanPlus raises $1 m in seed funding
StanPlus, a Hyderabad-based medical transportation start-up, said on Thursday it has raised $1.1 million in seed funding for a minority stake. The fun
Read MoreIndia may grow 7% rest of the year: Subir Gokarn
?As commodity prices improve, pressures of inflation and balance of payments for importing nations will return but it is unlikely that prices will sur
Read MoreApple's ?850-mn data centre gets approval from Ireland
Ireland on Thursday gave the green light for tech giant Apple to build a ?850-million ($1.0- billion) data centre, following a battle with conservatio
Read MoreIMF?s Lagarde Warns the Global Recovery Isn't Complete
Policy makers need to use the world economy?s best performance in a decade to push through reforms that will defuse political tensions and make the ex
Read MoreRBI proposes forex platform for retail participants
The Reserve Bank of India (RBI) on Thursday proposed a scheme to encourage transparent and fair pricing in the retail forex market by developing a for
Read MoreFactory output stages recovery
CARE Ratings Chief Economist Madan Sabnavis says it would be necessary to see if this number could be maintained in the next three months. ?Three succ
Read MoreCosts help Citi beat Wall Street view; consumer debts rise
Citigroup Inc?s (C.N) quarterly earnings beat Wall Street expectations on Thursday as cost-cutting, a unit sale and a gain in investment bank fees com
Read MoreGlobal oil market seen balanced in 2018, even with rising output: IEA
Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fu
Read MoreMutual funds log Rs 2 lakh cr inflows in April-Sept FY?18
Investors have pumped in over Rs. 2 lakh crore into various mutual fund schemes in the first six months of the current fiscal, with equity and balance
Read MoreSecuritisation market sees 20% dip in volume in H1 FY18
The country's securitisation market has seen a 20 per cent fall in transaction volumes to Rs 36,000 crore in the first half of fiscal 2017-18 due to G
Read MoreNon-food credit growth recovers to 7.46 pct
Growth in non-food bank credit recovered to 7.46% year-on-year (y-o-y) during the fortnight ended September 29 from a six-month low of 4.3% in the pre
Read MoreFlipkart commits $500 mn investment in payments arm PhonePe
SoftBank-backed Flipkart today said it will invest USD 500 million in PhonePe to scale up operations of its payments arm.The commitment is in addition
Read MoreBusiness process management industry in India to hit $50 bn mark by 2025: Nasscom
The Indian business process management industry is expected to nearly double its size to $50-55 billion by the end of 2025, IT industry body Nasscom h
Read MoreShapoorji Pallonji, Allianz Group tie up for $500 million real estate fund
Global insurance firm Allianz Group on Thursday announced that it has partnered with Shapoorji Pallonji Group to set up a $500 million real estate fun
Read MoreIndia?s IIP in August highest in 9 months, inflation unchanged
India?s factory output rebounded strongly to a nine-month high of 4.3% in August as companies stepped up production to restock warehouses ahead of the
Read MoreTCS net profit beats estimates; top 10 key takeaways from Q2 results
Tata Consultancy Services (TCS) reported results for the quarter ended September ahead of analysts? estimates led by robust volumes.Ahead of the resul
Read MoreAirtel to take over Tatas? mobile biz
Bharti Airtel will acquire Tata Group?s loss-making mobile telephony business, almost for free, boosting its spectrum holding and raising subscriber b
Read MoreCloud infrastructure services helping firms innovate
More and more businesses globally, including in India, are embracing cloud infrastructure services which have made it easier for them to innovate, new
Read MoreNielsen, SnapBizz partner to develop retail analytics
Nielsen today announced a strategic partnership with retail technology platform SnapBizz, that will enable development of new products and services fo
Read MoreThe Economy Is Humming. Bankers Are Cheering. What Could Go Wrong?
For decades, the global economy has been defined by dissonance.There has been the Japanese recession. The financial crises in the United States and Eu
Read MoreBusiness process management sector to increase to $50-55 billion by 2025: Nasscom
The information technology services body has said that it expects revenues for India?s business process management sector to increase to USD 50-55 bil
Read MorePPIs limit at Rs 50,000 a month; interoperability in phases
Prepaid payment instruments (PPIs) cannot be loaded with more than Rs 50,000 per month and the issuers cannot pay interest on the PPI balances, the Re
Read MoreIndian investors eye GST impact on July-Sept corporate earnings
Profits from India?s top firms are expected to have swung back to growth in July-September from a decline in the previous quarter, though economic hea
Read MorePaytm eyes 5-fold growth in gold sales in Dhanteras, Diwali
Mobile wallet company Paytm expects a five-fold growth in gold sales through its platform during Dhanteras and Diwali this year.Paytm, which had partn
Read MoreIndia Inc is No 1 globally in funding solar sector, says Mercom
The larger chunk of investments in the solar sector across the globe in the quarter ended September was bagged by Indian companies, clean energy consu
Read MoreGST Council to discuss bringing real estate under its ambit: Arun Jaitley
The issue of bringing real estate under the GST's ambit will be discussed next month, Finance Minister Arun Jaitley said today, as he acknowledged tha
Read MoreInsolvency board drafts rules for repayment plan
The working group constituted by the Insolvency and Bankruptcy Board of India has laid out draft regulations for repayment plan for individuals and fi
Read MoreFed divide on inflation intensified at September policy meeting
Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if
Read MoreIMF chief Christine Lagarde for creation of more inclusive global trading system
IMF chief Christine Lagarde has underlined the need to redouble efforts to create a more inclusive global trading system amidst signs that the develop
Read MoreSeptember inflation seen at six-month high on GST and public sector pay rise: Reuters poll
India?s retail inflation likely edged up in September, driven by higher salaries of government employees as well as the impact of the Goods and Servic
Read MoreIndia has good consumption growth story: DEA Secy
As India's slow growth continues to be the centre of debate. CNBC-TV18's Malvika Jain caught up with the Department of Economic Affairs (DEA) Secretar
Read MoreHow India can double exports and get it up to a trillion dollars in five years
When Prime Minister Narendra Modi met with his Economic Advisory Council for the first time yesterday, reversing the current economic slowdown was top
Read MoreIMF sounds alert over debt in largest economies
For the first time in years the International Monetary Fund is optimistic about global economic growth. But it sees a new problem: mounting debt in th
Read MoreIREDA?s green masala bond raises Rs1,950 crore by listing on Singapore Exchange
Indian Renewable Energy Development Agency Limited (IREDA), India?s government-owned renewable energy entity has raised Rs1,950 crore through a five-y
Read MoreBonds surge, call rates rise amid tight liquidity situation in banking system
Government bonds (G-Secs) surged following rising demand from companies and banks and the interbank call money rates also turned higher due to good de
Read MoreTata Steel buys Rio Tinto?s smelter technology to cut cost, emission
Tata Steel has acquired a new smelter technology and its intellectual property rights from Rio Tinto, one of the leading global iron ore mining compan
Read MoreDirect tax collection rises 16% to Rs3.86 trillion in April-September
Net direct tax receipts in the first half of 2017-18 jumped to Rs3.86 trillion, a 15.8% growth from a year ago, adding up to about two-fifths of the t
Read MoreOil & gas, infra firms to be hit by PE norms
Oil and gas, power and other infra sector companies will be the most impacted by the change in norms of permanent establishment (PE), post-India?s rec
Read MoreAditya Birla group set to exit fertiliser business this year
The Aditya Birla group is set to exit the fertiliser business, with two players valuing the division at around Rs 3,000 crore. The group had decided t
Read MoreGST rates relaxed for petroleum sector
Two days after Prime Minister Narendra Modi held a meeting with heads in the petroleum industry, the government said it would soon issue notifications
Read MoreLupin buys US firm Symbiomix Therapeutics for $150 million
Lupin Ltd on Wednesday said its US subsidiary has acquired Symbiomix Therapeutics LLC for a cash consideration of $150 million, in a bid to expand in
Read MoreVW to Roll Out Electric Trucks, Buses in $1.7 Billion Push
Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing pu
Read MoreAlibaba launches $15bn overseas R&D drive
China's top e-commerce firm, Alibaba Group Holding Ltd, is launching a US$15 billion (498 billion baht) drive to build overseas research hubs as the d
Read MoreIndian Steel Capacity Set to More Than Double on Demand Boom
Steel demand in India is gathering speed amid an infrastructure building boom that?s set to more than double capacity of the nation?s mills, according
Read MoreOPEC again raises demand forecast for its oil, points to 2018 deficit
OPEC forecast higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, poin
Read MoreIndian firms raise Rs3.24 trillion via debt placement in April-September FY18
Indian companies raised Rs3.24 trillion in April-September 2017 through private placement of corporate bonds, an increase of 4% from the year-ago peri
Read MoreDena Bank launches QIP to raise Rs1,800 crore
State-run Dena Bank said on Tuesday said that it had launched a qualified institutional placement (QIP) of shares to raise as much as Rs1,800 crore fr
Read MoreHDFC to raise Rs 2,500 cr via bonds to boost housing finance business
The country's largest mortgage lender HDFC Ltd will raise Rs 2,500 crore by issuing bonds on private placement basis to augment its housing finance bu
Read MoreNBFCs disburse Rs 1.24 lakh crore to commercial sector, log record 13 pct credit growth in FY17
Non-banking financial companies (NBFCs) in the non-deposit taking systemically important (ND-SI) segment recorded a credit growth of 13% year-on-year
Read MoreL&T to sell subsidiary EWAC Alloys for Rs522 crore
Engineering major Larsen and Toubro Ltd (L&T) on Wednesday announced the sale of unlisted subsidiary EWAC Alloys Ltd as part of its strategy to exit n
Read MoreWorld Bank Lowers India's GDP Growth Forecast To 7% For 2017
India's GDP may slow from 8.6% in 2015 to 7.0% in 2017 because of disruptions by demonetisation and the GST, the World Bank has forecast and warned th
Read MoreOla valued at a whopping near $7 bn after new funding drive
Leading cab aggregator Ola on Wednesday officially confirmed that it has raised $1.1 billion in a funding round that was led by Chinese internet giant
Read MoreGermany to raise economic growth forecast for 2017 to 2 percent
The German government will raise its 2017 growth forecast for Europe?s biggest economy to 2.0 percent, a sharp increase from its earlier estimate of 1
Read MoreEmerging market debt to GDP declines for first time since 2011: JPMorgan
Government and private-sector debt in emerging markets as a percentage of gross domestic product has fallen this year, the first time since 2011, acco
Read MoreUK stuck in slow growth gear, BoE on course to raise rates
Separately on Tuesday, Britain?s budget forecasters gave a gloomier medium-term outlook for the economy, potentially leaving finance minister Philip H
Read MoreIndividual businesses to soon be under ambit of bankruptcy code
The government Tuesday widened the scope of insolvency rules to bring individual businesses under its ambit. The existing Insolvency and Bankruptcy Co
Read MoreIndia may delay implementation of Basel III norms
India could slightly delay the implementation of global risk norms Basel III as the banking sector is already under stress due to demonetisation and t
Read MoreIndia reduces GST on bunker fuels; sets tax for offshore exploration, gas sales
Import of oil drilling rigs has been exempted from the Goods and Services Tax (GST) levy to give a boost to domestic exploration and production, the
Read MoreWorld Bank lowers India's growth forecast
India's GDP may slow from 8.6 per cent in 2015 to 7.0 per cent in 2017 because of disruptions by demonetisation and the GST, the World Bank has foreca
Read MoreIndia September inflation seen at 6-month high: Reuters poll
India's retail inflation edged up in September, driven by higher salaries of government employees as well as the impact of a new national tax, a Reute
Read MoreFactory growth, inflation likely to trend higher
India's industrial growth and inflation may trend up as key metrics such as IIP, CPI and WPI are expected to come in higher, driven by a waning GST im
Read MoreBonds recover, call rates finish lower
Government bonds (G-Secs) recovered smartly following renewed demand from corporates and banks, while the overnight call money rates finished lower du
Read MoreSEBI fixes penalty for non-compliance of shareholding norms
SEBI has tightened the noose on listed companies not adhering to norms with regard to minimum public shareholding (MPS). Those that are non-compliant
Read MoreSouth Indian Bank Q2 net profit falls 96% to Rs4.32 crore
South Indian Bank Ltd on Tuesday reported 96% decline in its September quarter net profit due to higher provisions.Net profit for the quarter stood at
Read MoreRInfra set to sell Rs.13,000-cr Mumbai power distribution business to Adanis
In a bid to pare its debt, the Anil Ambani-led Reliance Infrastructure (RInfra) is in talks with Adani Transmission for the sale of its flagship Mumba
Read MoreMobile wallet industry likely to grow 150% in 5 years: Capgemini
India?s drive to become a less-cash economy will help the mobile wallet industry grow to $4.4 billion by 2022, says Capgemini?s World Payment Report 2
Read MorePvt capex to grow Rs1 lakh cr in 2 yrs, little focus on long-term projects
Private capital expenditure (capex) will grow by Rs 1 lakh crore till FY20, ratings agency India Ratings and Research (Ind-Ra) has said in a report.Th
Read MorePiramal pharma unit to invest $55 million in capacity expansion
Piramal Enterprises Ltd said on Tuesday its pharma solutions division will invest $55 million in expanding manufacturing capacity of active pharmaceut
Read MoreJSW, Tata in race for top slot in steel industry
The largest steelmaker in the country, JSW Steel, is aggressively ramping up capacity to retain top slot, while the number three player, Tata Steel,
Read MorePrivate banks, NBFCs gain at govt banks' expense
As public sector banks (PSBs) go slow in giving credit to industry, private sector banks and non-banking finance companies (NBFCs) have been quick to
Read MoreIMF upgrades its global growth projection 3.6 pc for 2017
The IMF today said the global economic recovery is continuing at a faster pace as it upgraded its growth projection to 3.6 per cent for this year, cit
Read MoreWal-Mart calls for 40 percent e-commerce sales growth in fiscal 2019
A Wal-Mart Pickup-Grocery employee waits next to a truck. Wal-Mart announces new $20 billion share buyback Wal-Mart on Tuesday reiterated its earnin
Read MoreOil demand to shift increasingly towards India: OPEC chief
While India plans to move towards a gas-based economy, Organization of the Petroleum Exporting Countries (OPEC) secretary general Mohammed Barkindo fe
Read MoreGold prices surge on global cues, persistent buying
Gold prices rallied by Rs145 to Rs30,765 per ten gram at the bullion market on Tuesday in line with a firming trend overseas amid increased buying by
Read MoreIn big relief for farmers, Centre may hike ethanol price by 5 pct for supplies to OMCs for petrol blending
The government is likely to raise the price of ethanol by around 5% for supplies to oil-marketing companies for blending with petrol in the next marke
Read MoreThings set to go from bad to worse for banks, here is what is likely to happen soon
Banks? earnings in Q2FY18 are likely to decline on a year-on-year (y-o-y) basis as revenue growth remains suppressed and provisioning requirements tak
Read MoreBank of Baroda to raise Rs1,650 crore from bonds issue
State-owned lender Bank of Baroda (BoB) on Tuesday said it has proposed to raise up to Rs1,650 crore from Additional Tier-I (AT-1) bonds to fund busin
Read MoreRBI net dollar purchase in August at USD 3.226 bn
The Reserve Bank purchased USD 3.226 billion of dollars on net basis in August from the spot market. The central bank bought USD 4.556 billion during
Read MoreQ2 FMCG preview: GST roll-out to depress performance
For the July-Deptember quarter of this year, we expect our consumer coverage universe, comprising 18 companies, to report growth of 4.3 per cent, 5.3
Read MoreInfosys, TCS, Wipro, other tech companies? Q2 results set to be hit again; here is what has impacted sector
The Indian IT industry is expected to post another round of muted results with the second quarter of the current fiscal impacted largely by the slowin
Read MoreVAT cut on petrol by states raises hope of inclusion of fuel under GST
A bipartisan consensus emerged on Tuesday after Gujarat, Maharashtra and Himachal Pradesh cut value added tax (VAT) on petrol and diesel in tandem wit
Read MoreIMF says global growth recovery an opportunity for Indian economy
The International Monetary Fund (IMF) on Tuesday pared its growth forecast for the Indian economy by half a percentage point to 6.7% for 2017, blaming
Read MoreBank of Baroda to raise Rs 1,650 cr from bonds
State-owned lender Bank of Baroda (BoB) today said it proposes to raise up to Rs 1,650 crore from Additional Tier-I (AT-1) bonds to fund business expa
Read MoreGM to buy sensor-tech firm Strobe to speed up self-driving car push
No. 1 U.S. automaker General Motors Co (GM.N) said on Monday it would buy Strobe Inc, which uses LIDAR technology to help self-driving cars identify o
Read MoreAfter talks with Amazon fail, BigBasket gets Rs 5.5 cr from Trifecta fund
Online grocery e-tailer BigBasket has secured Rs 5.5 crore from one of its existing investors, Trifecta venture debt fund, recent filings with the reg
Read MoreCar sales grow 7%, passenger vehicles sales up 11% in September on festive season buys
Passenger vehicle sales in India grew by 11.32% in September, riding on good growth in utility vehicles segment and festive season purchases. Accordin
Read MoreBonds weaken, call rates finish higher
Government bonds (G-Secs) weakened further on continus selling pressure from banks and corporates, while, the Interbank call rates finished higher due
Read MoreRupee likely to be under pressure
It was another volatile week for the rupee. Though the currency opened on a weak note and fell initially, it regained strength thereafter. The rupee f
Read MoreOver 4 downgrades a day keep Indian corporates, banks debt profile in fragile region
With more than four downgrades a day, the debt profile of Indian companies and banks remains fragile. Data from Bloomberg shows there were 807 downgra
Read MoreGold futures rise 0.18 per cent, silver futures climb Rs 152 on firm global cues
Gold futures were trading up 0.18 per cent at Rs 29,778 per ten grams as traders raised bets amid positive cues from the global markets. At the Multi
Read MoreGujarat slashes VAT on fuel prices by 4%
The Bharatiya Janata Party (BJP)-ruled Gujarat has decided to slash the Value-Added Tax (VAT) on fuel prices in the state.Chief Minister Vijay Rupani,
Read MoreSaudi Arabia balances recession, deficit in tough decision on energy reform
Saudi Arabia is expected to decide by the end of this month on the timing of domestic fuel and electricity price hikes that could risk pushing the eco
Read MoreWorld Bank chief sounds alarm over job automation
The world is on a "crash course" as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said.Jim Yo
Read MoreDigital payments: India lags China in e-transactions
Despite a major push in digital payments following demonetisation, China is expected to be ahead of India both in share of digital payments and in ave
Read MoreGovernment okays Rs 2,000 crore to set up Aadhaar units in post offices
Prime Minister Narendra Modi has approved Rs 2,000 crore specifically for setting up Aadhaar centres in post offices, a move that will see private con
Read MoreSubstantially reducing emission intensity of GDP: India
India today said it is substantially reducing the emission intensity of GDP, tapping non-fossil fuel energy sources and creating additional carbon sin
Read MoreWorld Bank reduces India GDP growth forecast to 7% for 2017-18
After remaining the world?s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and t
Read MoreUAE investors plan $75 billion infrastructure fund for India
UAE investors deliberated on setting up a $75-billion infrastructure fund for India to invest in brownfield projects with a shorter turnaround time, a
Read MorePaynear to buy GoSwiff for $100 million
Paynear is buying Singapore-based GoSwiff for around $100 million (more than Rs 650 crore) in a deal that will provide the Indian financial technology
Read MoreAfter acquisition by Havells India, Lloyd eyes Rs.3,000-crore turnover
After acquiring the Lloyd brand of consumer durables early this year, Havells India is targeting sales of Rs.3,000 crore from the white goods category
Read MoreAntwerp Port ?ready? to make India call, again
Antwerp Port Authority, the entity that runs Europe?s second largest port on the river Scheldt, will consider lending its expertise in strategic plann
Read MoreSurge in German factory output points to strong GDP growth in third quarter
German industrial output posted its biggest monthly rise in more than six years in August, data showed on Monday. It suggested the economy is firing o
Read MoreChina c.bank injects $8.6 bln in Sept via key liquidity tools
China's central bank injected a net 56.7 billion yuan ($8.6 billion) into the financial system via short- and medium-term liquidity tools in September
Read MoreOPEC secretary general sees clear signs of oil rebalancing, upbeat on demand
The oil market is rebalancing fast and has almost entirely erased the glut of refined products as OPEC sticks to its supply pact, OPEC?s secretary gen
Read MoreRBI guidelines to enable interoperability between non-bank wallets: Wallet firms
As the fintech industry gears up for the Reserve Bank of India?s (RBI) guidelines for issuers of prepaid payment instruments (PPIs), industry players
Read MorePaytm e-comm?s loss was double its revenue in FY17
Paytm's commerce business under Paytm E-commerce has reported a loss of close to Rs 14 crore on revenue of a little over Rs 7 crore in the period Augu
Read MoreFlipkart?s logistics arm earmarks $460.7 mn for investments, acquisitions
Homegrown e-commerce major Flipkart?s logistics arm eKart, which is operated by Instakart Services Pvt. Ltd, has allocated Rs 3,000 crore ($460.7 mill
Read MoreJindal Steel and Power sells oxygen plant assets for Rs1,121 crore
Jindal Steel and Power Ltd said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for Rs1,121 crore.The steelmaker said it also
Read MoreEmaar to launch 6 projects in Gurugram, invest Rs 1,200 cr
Realty firm Emaar India will launch six projects, comprising 1,600 units, in Gurugram this fiscal with an estimated investment of Rs 1,200 crore as it
Read MoreCairn India says will invest $4.6 billion in new exploration projects
Cairn India, a unit of Vedanta Resources Plc, will invest about 300 billion rupees ($4.59 billion) in oil and gas exploration projects off the country
Read MoreSaudi Aramco hopes to set up joint venture with India by next year, says CEO Amin Nasser
State-run oil giant Saudi Aramco is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company?s chief exe
Read MoreCIL fuel supply to power plants rises by 21 pc in Sept
State-owned CIL today said that supply of coal to power utilities increased by 20.6 per cent to 35.1 million tonnes (MT) in September.The coal supply
Read MoreGovernment asks taxpayers to file final July GST returns by tomorrow
The government today asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date. "An
Read MoreGST refund rules: Some good news comes for units in excise free zones
The department of industrial promotion and policy (DIPP) has notified the guidelines for manufacturing units in excise-free zones to claim budgetary s
Read MoreTo power its e-car mission, Suzuki gets Toyota as co-driver; deal with Mazda in works
After announcing an investment of Rs 1,150 crore in a new unit in Gujarat to produce lithium-ion batteries ? a first by an auto firm ? with its partne
Read MoreReliance Commercial Finance inks agreement with IREDA for Rs 300 cr loan
Reliance Commercial Finance Ltd on Monday said it has signed an agreement with Indian Renewable Energy Development Agency Ltd (IREDA) for Rs 300 crore
Read MoreGlobal financial crisis looms as 'new bubbles' begin to emerge, says outgoing German finance minister
Unstable loans and escalating levels of global debt could plunge the world into another financial crisis, departing German Finance Minister Wolfgang S
Read MoreGerman economy powers ahead as industrial output grows
German industrial output, a key indicator of economic health, grew faster than expected in August, data showed on Monday, putting Europe's biggest eco
Read More51 euro zone banks vulnerable to rate shocks, says ECB
Fifty-one large euro zone banks are leaving themselves exposed to a sudden change in interest rates and may need to aside more capital against that ri
Read MoreTata Teleservices closure may cost the group dear
With the curtains likely to be drawn on Tata Teleservices soon, the group is staring at some serious challenges ? paying debt of over Rs 28,000 crore
Read MoreKotak Mahindra Bank crosses Rs2-trillion market cap
Private lender Kotak Mahindra Bank Ltd on Monday crossed Rs2 trillion market capitalization for the first time, making it only the fourth listed bank
Read MoreJindal Steel and Power sells oxygen plant assets for 11.21 bilion rupees
Jindal Steel and Power Ltd (JNSP.NS) said on Monday it sold two oxygen plant assets to SREI Equipment Finance Ltd for 11.21 billion rupees ($171.70 mi
Read MoreInheritance tax may be reintroduced in India by Centre soon; How it can impact you
In a bid to shore up its coffers, the government is planning to reintroduce inheritance tax in India, which may be introduced in the coming Budget, ac
Read MoreCPI inflation to cross 4% by November-December: Aditi Nayar,
Inflation should come down a little bit. What we saw last month was a sharp rise because of fuel and food price hike. The monsoon season always create
Read MoreCar sales grow 7%, passenger vehicles up 11% in September
Domestic passenger vehicle sales grew 11.32 per cent to 3,09,955 units in September, from 2,78,428 in the same month last year, according to data rele
Read MoreONGC may sell IOC stake to LIC in block dea
State-owned ONGC is likely to sell some of its stake in IOC to institutional investors like LIC to part-fund its over Rs 34,000 crore acquisition of r
Read MoreOriental Bank says under central bank 'corrective action' over bad loans
Oriental Bank of Commerce Ltd, a mid-sized Indian state-run lender, said the nation?s central bank has initiated ?prompt corrective action? against th
Read MoreChina?s services sector growth at 21-month low, blurs picture of resilient economy
Activity in China?s services sector grew at its slowest pace in 21 months in September as new orders cooled, a private survey showed, blurring the pic
Read MoreGST breather for SMEs, exporters to boost economy
The GST breather given to small and medium enterprises (SMEs) and exporters will address their liquidity issues, improve efficiencies and act as a sho
Read MoreMore GST relief likely in November; here?s why
All items, except a few ?luxury and sin items?, may be knocked off the 28% goods and services tax (GST) slab, bringing down the average tax rate to le
Read MoreRBI surveys show general economy in ?pessimistic zone?, jobs big worry
A SERIES of surveys undertaken by the Reserve Bank of India (RBI) have indicated that more people see consumer confidence declining, business sentimen
Read MoreSlowdown in economy: From farms to factories, India facing a risky drop in demand
Consumption was India?s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheeri
Read MoreGDP may exceed 7 pct; important to have growth but not with inflation
RBI Governor Urjit Patel feels that GDP growth will pick up in the third and fourth quarters (of the current fiscal year) to above 7 per cent. In an i
Read MoreGovernment to invest Rs 15,000 crore in 'strategically important' Andaman and Nicobar Islands
Port Blair, Acknowledging the strategic importance of the Andaman and Nicobar Islands, the central government plans to invest Rs 15,000 crore for vari
Read MoreNew limit for reporting gold transactions soon: Government
The government will soon notify a new threshold for reporting to authorities about transactions in gold and other precious metals and stones with a vi
Read MoreNotification No.RBI/2017-18/72
Sovereign Gold Bonds Scheme, Operational Guidelines
Read MoreNotification No.RBI/2017-18/71
Sovereign Gold Bond Scheme
Read MoreNotification No.RBI/2017-18/70
Section 24 and Section 56 of the Banking Regulation Act, 1949 ? Maintenance of SLR and holdings of SLR in HTM category
Read MoreCircular No. 207/5/2017-ST
Clarification regarding reflection of transitional credit arising out of payment of Service Tax on RCM basis after 30th June 2017 and by 5th/6th July
Read MoreNotification No.47/2017-Customs (ADD)
Seeks to continue imposition of anti-dumping duty on imports of "Melamine" originating in or exported from European Union, Iran, Indonesia and Japan.
Read MoreNotification No.46/2017-Customs (ADD)
Seeks to impose anti-dumping duty on imports of "PNA"" originating in or exported from China PR.
Read MoreNotification No.94/2017 Customs (N.T.)
Exchange Rates Notification No.94/2017-Custom(NT) dated 5.10.2017
Read MoreNotification No. 86/2017
[Notification No. 86/2017/F. No. 370142/29/2017-TPL]
Read MoreGST council adopts concept paper discouraging tinkering with rates
The Goods and Services Tax (GST) Council will actively discourage any further tweaks in rates, following a major revamp of the indirect tax regime on
Read MoreHome-buying made less taxing, as realtors share GST burden
Besides the usual interest subvention scheme and freebies, this festival season realty developers are offering GST waiver to attract buyers even as ne
Read MorePower sector's first InvIT IndiGrid acquires 3 more projects at Rs 1,490 cr
IndiGrid, first infrastructure investment trust (InvIT) in the power sector, has acquired three more projects of its sponsor, Sterlite Power Grid Vent
Read MoreFMCG cos give thumbs up, say demand picking up
As the GST completes 100 days today, major FMCG firms, including Dabur and Godrej Consumer, expect full recovery from the pangs of implementation of t
Read MoreRelief for small taxpayers: GST composition scheme window open till Mar 31
The Goods and Services Tax (GST) Council has decided to keep open the composition scheme, an easier compliance and tax option, till March 31. The seco
Read MoreBaba Ramdev's Patanjali Ayurved planning to invest Rs 5,000 cr this fiscal
Patanjali Ayurved's managing director Balkrishna said here today that the company is planning to invest Rs 5,000 crore in the country in the current f
Read MoreFed officials eye Dec rate hike
Chocking up employment losses last month to the temporary hit of a severe hurricane season and reiterating expectations that inflation will strengthen
Read MoreInput credit collected under GST to be deposited in a fortnight
Union Minister for Chemicals and Fertilisers Ananth Kumar on Saturday said the input credit collected from traders under the goods and services tax (G
Read MoreAdani Enterprises to demerge renewable energy biz
Adani Enterprises today announced plans to demerge its renewable energy business into associate company Adani Green Energy Ltd as part of simplifying
Read MoreGST Council meeting outcomes: Tax rate at 28 percent too high, says member (GST), CBEC Mahendra Singh
The highest slab of 28% under the goods and services tax (GST) could be restricted to luxury and sin goods, a top tax official said on Saturday, a day
Read MoreQ2FY18 earnings: Rising costs likely to hurt profits
Incipient signs of recovery in the economy notwithstanding, the Q2FY18 earnings season is unlikely to throw up any big surprises. The re-stocking of i
Read MoreIncome-tax (23rd Amendment) Rules, 2017
Publish Date : Thursday, October 5, 2017
Shoppers Stop to exit airport retail
A day after selling HyperCity, Raheja-owned Shoppers Stop said it would exit from the duty-free airport retail business. It said it had disposed of 40
Read MoreIndian Energy Exchange Raises Rs. 300 Crore From Anchor Investors
Indian Energy Exchange on Saturday said it had garnered a little over Rs. 300 crore from anchor investors, ahead of its initial public offering next
Read MoreNow Honda Cars jumps on electric vehicles bandwagon, but says will not launch e-car in near future
Honda Cars India (HCIL) on Friday said it has started working on the strategy for electric vehicle (EV) in India. The company, however, said it will n
Read MoreSudan eyes economic revival as US lifts sanctions
Up until a few years ago, Sudanese engineer Ahmed Abdallah used to manage his family's expenses on his $400 monthly salary but he has since had to tak
Read MoreUK productivity sees further fall
Hourly output fell 0.1% in the April-to-June period, the Office for National Statistics (ONS) said.This follows a 0.5% decline in the first three mont
Read MoreEuropean Union pushes for adoption of a Free Trade Agreement
India and European Union on Friday adopted a comprehensive action plan (through a joint statement) to combat international terrorism including critici
Read MoreRepo rate cut: What's holding back RBI
In line with expectations, Reserve Bank of India (RBI) kept the policy rate unchanged and the policy stance neutral given the upside risks to inflatio
Read MoreForex reserves dip by USD 2.59 billion to USD 399.66 billion
The country's foreign exchange reserves fell by USD 2.590 billion to USD 399.656 billion in the week ended September 29 due to decline in foreign cur
Read MoreGST Council meeting: Full text of recommendations made by panel today
More than three months after the Goods and Services (GST) was introduced, the GST Council made a number of big changes today, to give some relief to s
Read MoreOver 40% business entities make zero GST payment
There may be noise over heavy tax burden on small businesses but initial data does not support the complaint. It turns out that over 40% of the 54 lak
Read MoreReduction GST for MMF yarn from 18% to 12%: SIMA
The man-made fibres and yarns were slotted under 18% GST rate while the fabrics were slotted under 5% GST slab with a condition that no refund of Inpu
Read MoreChina approves HP's $1.1 billion buy of Samsung's printer business with curbs
China said on Thursday it has approved HP Inc?s (HPQ.N) $1.1 billion purchase of Samsung Electronics? (005930.KS) printer business with certain restri
Read MoreMutual funds get Rs 20,000-cr inflows for second straight month
Mutual funds (MFs) garnered investor flows in excess of Rs 20,000 crore for the second straight month in September, taking the year-to-date inflow tal
Read MoreAadhaar now a must for post office deposits, PPF, NSC, KVP
After making Aadhaar mandatory for bank deposits, filing income-tax returns and applying for a permanent account number (PAN), the government has made
Read MoreGovernance code impact: 40% of NSE-listed firms will have to split CMD post
The proposed corporate governance code framework is expected to have a significant impact, forcing companies, including several blue-chip names, to re
Read MoreRs 10 lakh limit on P2P lending will hurt Industry: P2P startup founders
The regulation of the peer-to-peer lending business may have provided a sense of validity to the nascent lending industry, but caveats introduced by t
Read MoreTata Sons may soon shut down Tata Teleservices, ending a 21-year-old business venture
The Tata Group informed the government on Friday that it plans to shut its wireless business, bringing an end to its 21-year-old phone services ventur
Read MoreThree months on, GST now good for small traders
India announced a significant revamp of the goods and services tax (GST) regime three months after it was rolled out, addressing key complaints, espe
Read MoreTencent invests $400M in Ola for 9.57% stake
Chinese internet conglomerate Tencent has invested $400 million in ride-hailing major Ola in a deal that will take the total capital mobilised by the
Read MoreManpasand Beverages to invest Rs.600 crore in four new plants
Fruit beverage maker Manpasand Beverages will invest Rs.600 crore to set up four new plants.Apart from doubling existing capacities to 30 lakh litres
Read MorePersonal care firm Azafran ties up with Aditya Birla?s More Megastore
Personal care player Azafran Innovacion Ltd said it has tied up with Aditya Birla Retail Ltd to launch a complete range of its personal care products
Read MoreTUV Rheinland earmarks ?30-m investment in India
Having achieved high double-digit revenue growth rates in India over the last few years, TUV Rheinland India, a subsidiary of the ?1.9-billion TUV Rhe
Read MoreNo more PAN to buy jewellery above Rs 50,000
With the Gujarat elections coming, finance ministry on Friday took out gems and jewellery sector from the preview of the Prevention of Money Launderin
Read MoreU.S. Treasury outlines sweeping reform of capital markets
The U.S. Treasury on Friday unveiled a blueprint for sweeping reforms of the U.S. capital markets as it looks to implement Republican President Donald
Read MoreFPIs selling continues in October
Foreign Portfolio Investors (FPIs) continued their selling in the four sessions of October after offloading equities worth $ 3.6 billion in the last t
Read MoreBank of Baroda slashes MCLR by 5 basis points
State-owned Bank of Baroda on Friday reduced its marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across tenures. The one-year
Read MoreForeign Holdings of Emerging-Market Bonds Climb to Record: Chart
Foreign bond holdings in emerging markets have reached a record $785 billion, with India taking the biggest share of the $93 billion of inflows so far
Read MoreMergers and acquisitions deal value highest since 2010 in Jan-Sept period at $43.2 bn
Mergers and acquisitions (M&As) in India increased nearly 3% in the first nine months of 2017? the highest in terms of deal value since 2010. The deal
Read MoreZee Entertainment acquires 100% stake in 9X Media, INX Music for Rs 160 cr
Media conglomerate Zee Entertainment has acquired 100 per cent stake in two media entities, 9X Media and INX Music, in a Rs 160-crore cash deal.Beside
Read MoreAdani's Oz arm inks power purchase pact with energy retailer
Adani Enterprises Ltd today said its arm Adani Rugby Run has entered into a power purchase agreement with a power retailer in Australia for supplying
Read MoreCBDT signs 2 more APAs with taxpayers in September
The Central Board of Direct Taxes (CBDT) today said it has signed two more advance pricing agreements (APAs) in September with Indian taxpayers as it
Read MoreIndian exports to China up by 40.69% in Jan-Aug period
India's exports to China, which have been showing signs of revival this year after years of slump, registered a 40.69 percent rise year-on-year to rea
Read MoreIndia economy?s FY18 GVA growth likely to be 6.7%: Nomura
The Indian economy is expected to see a gradual cyclical recovery with gross value added (GVA) growth averaging 6.7% this fiscal, slightly higher than
Read MoreWorld Must 'Seize The Opportunity' Of Global Recovery: IMF Chief
International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enac
Read MoreRIL to sell off US shale gas asset for $126 million
Energy major Reliance Industries on Friday said it has entered into an agreement for the sale of its assets in the "Marcellus Shale Play" of northern
Read MoreCentre mulls using stake sale proceeds for PSB capital infusion
The government is exploring various options ? including using proceeds of the dilution of its share in certain public-sector banks (PSBs) and floating
Read MoreSEBI rolls out mutual fund reforms, categorises schemes in 5 categories
The Securities and Exchange Board of India (SEBI) on Friday announced some reforms in the mutual funds industry. The regulator has categorised mutual
Read MoreGovernment may sell Air India this fiscal if it finds suitable buyer
The government may sell flagship carrier Air India this fiscal itself if it finds a suitable buyer, according to official sources. The government, the
Read MoreGovt adviser says consolidation may lead to 10-15 state banks
A planned consolidation in India's state-run banking sector may lead to 10 to 15 lenders that are majority owned by the government, down from the curr
Read MoreFDI in textiles rose 3 times in last 2 years: Smriti Irani
Foreign direct investment into the country's textile sector has gone up three times in the last one-and-a-half to two years, resonating the confidence
Read MoreUK retail sales show biggest jump in over three years - BDO
British shops enjoyed their biggest jump in sales in more than three years in September, a survey of the retail sector showed, suggesting consumers ar
Read MoreWorld must seize the opportunity of global recovery, says IMF chief Christine Lagarde
IMF chief Christine Lagarde today said that the long-awaited global recovery is taking roots and asked the global community to seize this opportunity
Read MoreIndia?s economic slowdown an aberration, says World Bank
The recent slowdown in India?s economic growth is an ?aberration? mainly due to the temporary disruptions in preparation for the GST, the World Bank s
Read MoreFCI breaks from tradition on food subsidy, avoids loans from banks
With the Centre allocating more than 90% of food subsidy entitlement for the current fiscal to Food Corporation of India (FCI) well in advance, the co
Read MoreGood news for country: ONGC finds this major clue in Kutch
In what the company is terming the ?first direct evidence? of hydrocarbon reserves in the Kutch offshore basin, state-run ONGC has come across flows w
Read MoreE-commerce: Here is what may be in store for Flipkart, Amazon, Uber, Ola and others in India
The government is working on creating a model regulatory framework for e-commerce firms and cab aggregators for regulating the online marketplace. ?E-
Read MoreSale of stake by banks in insurance arm credit positive, says Moody?s report
The sale of stake by few Indian banks in their insurance arms is credit positive for these lenders as the proceeds received would strengthen their los
Read MoreTax cut on 60 goods and services on anvil; relief for exporters, SMEs
The 22nd GST Council meeting on Friday is expected to bring widespread cheer to various stakeholders in the economy: consumers, small business owners,
Read MoreBoon for 4.5 crore subscribers: EPFO may give option to raise equity exposure
Buoyed by higher returns on investment in equities, retirement fund body EPFO is mulling to give its subscribers an option to set aside a higher prop
Read MoreECB lowers emergency funding cap for Greek banks to 32.6 bln euros
The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1 billion euros t
Read MoreIndia inks ?300-m pact with EIB for Bangalore Metro
The European Investment Bank (EIB) on Thursday signed a finance contract with the government to lend ?300 million for the second phase of the Bangalor
Read MoreU.S. trade deficit narrows to $42.4 billion in August
Rising exports and falling imports cut the U.S. trade deficit to $42.4 billion in August, the lowest in 11 months.The Commerce Department said Thursd
Read MoreSaudi says 'flexible' on Russian idea to extend oil cuts to end-2018
Saudi Arabia made no firm pledge on Thursday to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was ?flexible?
Read MoreFPIs continue selling trend, offload $3.6 bn equities in last two months
Foreign Portfolio Investors (FPIs) continued their selling in the first three sessions of October after offloading equities worth $3.6 billion in the
Read MoreIndia embraces UPI, growth shoots up 85 pct
The Unified Payments Interface (UPI) channel grew the fastest among all modes of retail digital payments in September, rising 85% month-on-month (MoM)
Read MoreIDFC, Shriram Group extend merger evaluation pact till November 8
IDFC and Shriram Group have agreed on a month?s extension of the 90-day confidentiality, exclusivity and standstill (CES) agreement for evaluating a p
Read MoreWipro Digital to acquire Alan Cooper?s design consultancy firm for $8.5 mn
Wipro Digital, the digital business unit of IT services major Wipro Ltd, will acquire design and business strategy consultancy firm Cooper Software In
Read MoreIndians spent $112 million in buying property overseas
Indians invested USD 112 million last fiscal to buy immovable properties abroad, up nearly 60 times from 2005-06, says a report. It said property over
Read MoreIndia?s wind power tariff falls to a record low of Rs2.64 per unit
India?s wind power tariff fell to a record low of Rs2.64 per unit in an auction conducted by state-run Solar Energy Corp. of India (SECI) for 1 gigaw
Read MoreCorporate governance overhaul: What did the Uday Kotak-led SEBI panel recommend?
The Uday Kotak-led SEBI committee on corporate governance submitted its report to the regulator on Thursday, recommending a slew of changes in corpora
Read MoreServices return to growth in September
Services sector activity in India expanded for the first time in three months in September as it rebounded from GST-related contractions, driven by a
Read MoreKishore Biyani?s Future Retail buys HyperCity for Rs655 crore
Kishore Biyani-led Future Retail Ltd Thursday announced the Rs655-crore acquisition of HyperCity Retail India Ltd owned by K Raheja Corp.Future Retail
Read MoreAir travel demand in India continues in double digits for 36
The air travel demand in India continued in the double digit for the 36 months on a trot with the domestic passenger traffic rising 16 per cent in Aug
Read MoreSugar industry overestimated October output
India?s sugar output in October is likely to achieve only 40 per cent of the earlier assured quantity.Based on assurances from individual mills and ex
Read MoreFlat steelmakers pause price hike in Oct over rate decline in China
After consecutive price hikes since July, domestic flat steel producers have paused to roll over prices for October, on the back of softening of price
Read MoreSaudis reconsidering speed of austerity plan as economy slumps: IMF
Saudi Arabia has told the International Monetary Fund that it is reconsidering the speed at which it imposes austerity steps to avoid slowing the econ
Read MoreWhat makes joint ventures challenging in India
The past few weeks have seen several joint ventures between Indian and foreign companies come into the spotlight. While McDonald's and Indian entrepre
Read MoreTata Steel posts higher domestic sales, production in Quarter 2 FY-18
Steel major Tata Steel on Thursday reported higher domestic sales of 3.13 million tonnes (MT) and production of 3.02 MT during Q2 FY 18. The company h
Read MoreFraming of rules in respect of Country-by-Country reporting and furnishing of master file comments and suggestions
Publish Date : Friday, October 6, 2017
Clever currency management critical to stable economy
Like any sovereign state Pakistan has the right to manage its currency to keep its national economy stable, but it should also take measures that ensu
Read MoreGovernment working on fiscal incentives to boost industry: Suresh Prabhu
Various ministries and government agencies are working together to provide necessary policy and fiscal support to industry and boost job creation and
Read MoreIndian services activity returns to growth in September: PMI
Services sector activity in India expanded for the first time in three months in September as it rebounded from GST-related contractions, driven by a
Read MoreUK economy stuck in low gear, worries grow as BoE prepares to hike rates: PMI
Britain's economy remained stuck in low gear in the third quarter but price pressures grew further, according to a business survey that probably keeps
Read MoreScotland's economy grows by 0.1%
The GDP (gross domestic product) figures for the second quarter were down from the 0.6% growth at the start of 2017. Scotland's first quarter figures
Read MoreEPFO may give part payout in MF-like units
Subscribers to the Employees? Provident Fund Organisation (EPFO) may soon get part of their retirement payout in the form of units proportionate to th
Read MoreFPIs will continue to sell till earnings improve, says CLSA
The sentiment of foreign portfolio investors towards India is likely to remain weak until corporate earnings recovery sets in, said CLSA India in a no
Read MoreRussia, Saudi Arabia to set up $1 billion technology fund
Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wedn
Read MoreQwikCilver aims to capture global markets
QwikCilver, a SaaS (Software as a Solution) gifting solutions provider, is looking to expand its base in the international market after having garnere
Read MoreAustrian firm FunderMax to set up plant in India
As it completes a decade of operations in India, Funder Max, the Austrian major that manufactures premium cladding material for buildings, is weighing
Read MoreForex, G-sec buying to be made easier for retail clients
The Reserve Bank of India (RBI) has set the ball rolling to ease the pain of retail investors wanting to deal in foreign exchange (forex) and governme
Read MoreRBI wants states' fiscal condition to set loan price
The Reserve Bank of India (RBI) on Wednesday proposed to make the state development loan market more structured, by moving the issuances towards a mor
Read MoreRBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user
To make the use of digital cash more prevalent and convenient, a digital wallet user would soon be able to accept cash from the user of another e-wall
Read MoreSubsidiaries of Gucci and Daiichi go in for voluntary liquidation
Two multinational firms, Gucci and Daiichi Sankyo, have decided to send off their Indian subsidiaries for liquidation under the Insolvency and Bankrup
Read MoreChina?s third-party mobile payments touch $3.46 trillion
China?s third-party mobile payment market has reported a robust growth of 22.5 per cent at USD 3.46 trillion in the second quarter as the cashless tra
Read MoreFord to cut costs by $14 bn; invest in trucks, electric cars
Ford Motor plans to slash $14 billion in costs over the next five years, Chief Executive Officer Jim Hackett told investors on Tuesday, adding that th
Read MoreUber is changing its power structure as it prepares for a massive SoftBank investment
Uber?s board on Tuesday approved a series of governance changes that are expected to curtail Travis Kalanick?s power and pave the way for a massive in
Read MorePutin says oil cuts with OPEC could last to end of 2018
Russian President Vladimir Putin said on Wednesday a deal between OPEC and rival oil producers to reduce production could be extended to the end of 20
Read MoreCoffee Board pegs output for 2017-18 at record 3.5 lakh tonnes
India is heading for yet another record coffee crop in the year 2017-18 starting October 1 on increase in the bearing area under the bean crop. State-
Read MorePetrol price down by Rs2.5 a litre, diesel by Rs2.25
Petrol price was cut by Rs2.5 per litre and diesel by Rs2.25 Wednesday following the reduction in excise duty on auto fuels. Petrol in Delhi now costs
Read MoreRBI specifies eligibility criteria, prudential norms for NBFC-P2P lenders
The Reserve Bank of India (RBI) on Wednesday issued guidelines for all non-banking financial company-peer-to-peer (NBFC-P2P) lenders, specifying eligi
Read MoreRBI monetary policy review: Here is what today?s action really means
The 10-year benchmark yield closed five basis points higher on Wednesday at a four and a half month high level of 6.70%, even as expectations of a rat
Read MoreFosun Pharma acquires 74% stake in Gland Pharma for $1.09 bn
Chinese drug firm Fosun Pharma has acquired approximately 74 percent in Hyderabad-based Gland Pharma at a valuation of not more than USD 1.09 billion,
Read MorePhonePe raises over Rs 254 cr from Flipkart Payments
PhonePe, the digital payments arm of e-commerce giant Flipkart, has raised over Rs. 254 crore from Singapore-based Flipkart Payments, according to doc
Read MoreSpiceJet plans to bring 100 seaplanes to India in bid to reach hinterland
Ajay Singh-owned airline Spicejet said on Wednesday that it was exploring opportunities to buy seaplanes in order to increase its reach in areas which
Read MoreMyntra, Mango join hands to launch store in Select CityWalk Mall in Saket, Delhi
Flipkart-owned fashion and lifestyle e-commerce website Myntra on Wednesday announced the launch of its brick-and-mortar store at the Select CityWalk
Read MoreCEAT Tyres plans to invest Rs 5,000 cr for new plant near Chennai
Tyre major CEAT plans to set up a greenfield plant in Sriperumbudur near Chennai with an estimated investment of Rs 5,000 crore to be spent over three
Read MoreWaldorf Astoria luxury hotel in India? Here is what Hilton is planning
The Hilton group is in discussions with potential partners to bring its luxury brand, Waldorf Astoria, to India, Daniel Welk, VP, operations, luxury A
Read MoreIndia extends $4.5 billion in project finance to Bangladesh
India on Wednesday signed an agreement with Bangladesh extending a $4.5 billion credit line for several infrastructure projects, as New Delhi tries to
Read MoreExcise duty cut on petrol, diesel adds to fiscal concerns
Governments decision to cut excise duty on petrol and diesel will be a relief for consumers as it will lower CPI inflation by around 8-9 bps, but will
Read MoreGST relief for exporters; here is what government has allowed them to do
In a major relief to small exporters, the government on Wednesday allowed such businesses to supply items on the basis of a letter of undertaking (LUT
Read MoreIndia?s renewables to double by 2022, overtake EU expansion: IEA
India?s renewable energy capacity will more than double by 2022, which would be enough to overtake renewable expansion in the European Union for the f
Read MoreRBI monetary policy: Urjit Patel sees pain, offers no relief; cuts SLR by 50 bps
Although it acknowledged the slowdown in the economy by slashing its gross value added growth forecast to 6.7% in 2016-17 from the earlier 7.3%, the R
Read MoreRBI to soon instruct banks on facilities for senior citizens and differently abled persons
The Reserve Bank of India will soon issue necessary instructions to banks to offer banking facilities for senior citizens and differently abled person
Read MoreUK has highest inflation rate among world?s top economies, says OECD
The UK has the highest inflation rate among the world?s top economies, in the latest sign the Brexit vote is contributing to a squeeze on living stand
Read MoreEconomic heavyweight but also high on debt
Catalonia, which held a banned referendum on secession from Spain on Sunday amid a police crackdown, is one of the powerhouses of the Spanish economy,
Read MoreWorld Bank raises 2017, 2018 East Asia growth forecasts, sees geopolitical risks
The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added the generally positive outl
Read MoreUK service sector recovers from 11-month low
The Markit/CIPS purchasing managers' index (PMI) for services rose to 53.6, up from an 11-month low of 53.2 in August. Above 50 indicates growth.Howev
Read MorePaytm Payments Bank makes loss of Rs 30 crore in 2016-17
Paytm Payments Bank has reported a loss of over Rs 30 crore at the end of financial year 2017, documents filed with the Registrar of Companies (RoC) s
Read MoreGMDC, NALCO drop Rs 5,400 cr alumina refinery project in Kutch
After years of negotiations and feasibility studies, state-owned Gujarat Mineral Development Corporation Ltd (GMDC) and central public sector undertak
Read MoreManufacturing expands for second month post-GST, but growth fails to cheer
Growth in manufacturing remained intact in September compared to August, but job generation accelerated at the fastest pace in almost five years, acco
Read MoreRBI policy meet: CII calls for 100 bps rate cut on October 4
On the eve of RBI's monetary policy announcement, industry body CII pitched for an "out of the box" intervention in the form of 100 basis points cut i
Read MoreExports from SEZ in fast lane, up 15.4% in April-June
Exports from special economic zones (SEZs) paced up 15.4 per cent to Rs 1.35 lakh crore during the first quarter this fiscal, showed commerce ministry
Read MoreAmazon India ends discount on Prime membership fee
Ending its year-long discount on its Prime membership, Amazon India is set to start charging Rs 999 as yearly fees within the next few days."Prime mem
Read MoreSoftBank to fund Ola with e-car rider
Ola, the country?s largest taxi hailing company, has been mandated to step up its play in the electric mobility segment as part of its latest funding
Read MoreBhushan Steel, Essar Steel low-hanging fruit for buyers
Ready-made capacity at a significantly low price point is what the National Company Law Tribunal (NCLT)-listed Bhushan Steel and Essar Steel will inst
Read MoreIndebted Tata Teleservices, RCom stagger on different paths
In many ways Tata Teleservices (Tata Tele) and Reliance Communications (RCom) are confronted with the same problem ? a burgeoning debt burden. Two of
Read MoreCore sector growth rises to 4.9% in Aug; highest in 5 months
Helped by robust performance of coal, natural gas and electricity, the eight core sectors recorded a five-month high growth rate of 4.9 per cent in Au
Read MoreTax department to engage with corporates to spur receipts
Amid slowing growth in advance tax collections, the income-tax department is exploring enhanced engagement with the top 100 companies to facilitate co
Read MorePE firms make record exits of $9.4 billion in 2017
Private equity (PE) investors have sold a record $9.4 billion worth of shares in the first nine months of the year, against the previous high of $6.6
Read MoreOil's bull market rally stalls as traders await inventory data
Oil bounced around near the $50/bbl mark awaiting reports on U.S. inventories.Futures traded in a 51 cent-range in New York. U.S. crude stockpiles are
Read MoreBonds rebound, call rates turn lower
Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, while the overnight call money rates turned lower due to lack of
Read MoreCrisil sees huge improvement in India Inc?s credit ratio
Better financial indicators on account of corporates keeping away from capital expenditure and lower interest cost have had a salubrious impact on the
Read MoreMytrah Energy H1 revenue up at $ 228.5 m on capacity addition
Mytrah Energy Ltd has posted a robust growth in its revenues during the first half (H1) ended June 2017 at $228.53 million, up from $49.66 million ach
Read MoreChina?s high-speed train maker to get USD 30 billion for export push
The China Railway Construction Corporation (CRCC), which is making a strong bid to export its high-speed train technology, will get USD 30 billion in
Read MoreGold prices slip on weak global cues, muted demand
Gold prices on Tuesday plunged by Rs200 to Rs30,550 per 10 gram at the bullion market, taking weak cues from overseas markets, and fall in demand from
Read MoreWith 6% growth, India to surpass China as fastest growing oil market in 2018: Moody's
On the back of a 6 per cent demand growth, India will surpass China as the fastest-growing Asian market for petroleum products in 2018, says a report.
Read MoreSBI Life Insurance makes muted debut, ends 1% up
SBI Life Insurance Company made a tepid debut on the bourses on Wednesday with the shares closing the session just 1% higher at Rs 707.55 on the Natio
Read MoreFPIs sell $105.8 m stocks in first session of October
Foreign Portfolio Investors (FPIs) continued their selling spree in the first session of October after offloading equities worth $ 3.6 billion in the
Read MoreDowngrade clouds still hang overhead, but India Inc sees more upgrades in April-September period
The clouds of downgrade are still hovering over India Inc but the rating action by two agencies?Crisil and Icra?suggests pressure on corporate credit
Read MoreCentre cuts excise duty on petrol, diesel by Rs.2 a litre
Under attack for the rise in petrol and diesel prices, the Finance Ministry finally reduced the Basic Excise Duty on these fuels by RS.2 a litre, effe
Read More7th Pay Commission report and more in focus as Centre?s spending quality falls
The Centre?s revenue expenditure ? largely of the routine but sticky nature like those on interest payments, pensions and upkeep of assets ? had hit t
Read MoreEconomy on the rebound, to pick pace in Q2: Government
The government sees the decline in growth as a hiccup and expects the economy to pick up pace in the fiscal second quarter as teething troubles with G
Read MoreTata Teleservices-Docomo case: Tatas make provision of Rs 684 crore to cover Sivasankaran dues
Tata Sons, the main holding company of the Tata Group, has made a provision of Rs 684 crore in its books for "doubtful recoveries" of dues from its fo
Read MoreCircular No.39/2017-Customs
Clarifications regarding amendments to the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 vide Notification No. 91/2017-Cust
Read MoreCircular No.38/2017-Customs
The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes.
Read MoreCircular No.37/2017-Customs
Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and C
Read MoreCircular No. 1059/08/2017-CX
Writing off of arrears of Central Excise, Service Tax and Customs duty - Constitution of Committees to advise the authority for writing off of arrears
Read MoreNotification No. 22 /2017-Central Excise
Seeks to amend notification No. 11/2017-Central Excise so as to reduce the excise duty rates on Petrol and Diesel ( both unbranded and branded ).
Read MoreNotification No.93/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreNotification No.92/2017 Customs (N.T.)
Defining jurisdiction of customs officers for the purpose of appeals.
Read MoreNotification No.RBI/2017-18/69
Auction of Government of India Dated Securities
Read MoreA look at what might happen if Catalonia goes it alone
The northeastern region of Catalonia, one of Spain's autonomous regions, is threatening to declare its independence from Spain following a disputed re
Read MoreHammond acknowledges business fears over Brexit uncertainty
He told the BBC's Today programme the sooner the government gave businesses more certainty about the process, the sooner the economy would pick up.His
Read MoreTelecom companies may offer better salary hikes next year
Employees at Indian telcos, now grabbing headlines for rising competition and falling profits, may find some cheer next year with compensation expert
Read MoreReliance Communications puts four senior executives on its board
Anil Ambani-led Reliance Communications (RCom) named four of its senior executives to its board on Monday, a day after it said it had called off its m
Read MoreFitch lowers India's growth forecast to 6.9%
Fitch Ratings has lowered India's economic growth forecast for the current fiscal to 6.9 per cent from 7.4 per cent after the GDP growth "unexpectedly
Read MoreGovt readies 5 strategic stake sales
The government is pushing for strategic stake sales in at least five companies this financial year and has fast-tracked the process of valuation and f
Read MoreAIN'T NO SUNSHINE HERE - TN Pulls the Plug on Solar Auction
Tamil Nadu has cancelled an auction it held in January-February to allot 500 MW of solar projects, because the state-run power distributor found the w
Read MoreA 50 year old cane order enforced in UP; Maharashtra millers mum
Even as sugar mills from Uttar Pradesh have paid Rs 342 crore as interest on delayed cane payment in 2016-17, their counterparts in Maharashtra will h
Read MoreGST crashes even money lenders' usurious rates
Interest rates that money lenders charged borrowers hardly budged for decades irrespective of policy decisions. But even that is collapsing faster tha
Read MoreWho'll pay this hedge fund tax? Customers?
Ambiguity over how domestically-run hedge funds would be taxed is prompting their managers to take a rather unusual stance on the matter. Various hedg
Read MoreUnified Gas Tariff proposal could give a fillip to GAIL earnings
The proposal by gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) to implement the 'unified or pooling' method for computing gas transm
Read MoreNext funding 'Pitstop' for this startup is $1 million
Pitstop, an aftersales car service provider, has raised $1 million as part of its pre-Series-A round of funding from Blume Ventures, Singapore-based G
Read MoreDocsApp looks to cure fund woes with Rs 36 crore from Bessemer
Digital medical consultation platform DocsApp is close to finalising its Series-A fundraise of about Rs 36 crore ($5.5 million) from Bessemer Venture
Read MoreGold sales halve this year during Navratri, Dussehra on fear of taxman?s scrutiny
Gold sales during Navratri and Dussehra halved this year as fear of the taxman's scrutiny of prosperous customers cast a shadow on the festive spirit
Read MoreGovt, GST Council open to reconsidering decisions: Revenue Secretary Hasmukh Adhia
The government is willing to look at all issues to reduce pain points in the Goods and Services Tax and will take them to the GST Council, said Revenu
Read MoreSebi Puts Bank Health Before Default Directive
What drove the Securities and Exchange Board of India (Sebi) to hold back its directive requiring companies to inform stock exchanges about defaults o
Read MoreHPCL wins Rs 806 crore in arbitration award against M3nergy
Hindustan PetroleumCorporation has won an arbitration award of Rs 806 crore against Malaysia?s M3nergy Berhad. The state-run oil marketing company had
Read MoreDiwali bonus for Flipkart staff: Board approves $100 million ESOP repurchase plan
The board of Flipkart has approved a plan to repurchase employee stock options in a move that could benefit close to 6,000 current and former employee
Read MoreTencent Books a $400-Million Ride with Ola
Chinese internet conglomerate Tencent has finalised its $400-million investment in ride-hailing major Ola, valuing the Bengaluru-based startup at over
Read MoreModi government weighing options to help weak telcos exit smoothly
The government is considering steps to allow a smoother exit for weaker telcos at a broader policy level as part of revised mergers and acquisition ru
Read MoreAsian factories rev up in September ahead of year-end spending spree
Factories in Asia?s largest economies cranked up activity in September as a synchronized upswing in growth globally pointed to solid consumption of ma
Read MoreEuro Factories Add Jobs in Struggle to Keep Up With Orders
Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity.A Purchasing Managers Index for the region?s manufacturing indus
Read MoreThyssenkrupp-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings
Plagued by poor earnings, Britain's biggest steel plant, located in Port Talbot, is likely to be first in line for job and output cuts after the plan
Read MoreEquity fund raising may hit whopping Rs 1 lakh cr in 2017
Fund -raising via the equity route could hit Rs 1 lakh crore in 2017, with companies and financial institutions having mopped up close to Rs 93,000 cr
Read MoreCAIT demands action against e-comm sites "flouting FDI policy"
Traders body CAIT today alleged that e-commerce portals are "openly flouting FDI policy", and said it may move the court if no action is taken by the
Read MoreJio Phone rival handsets to launch soon; Airtel lines up sub-Rs 2000 phone, Idea, Voda smartphones in the works
Reliance Jio?s celebrated VoLTE-enabled feature phone is poised to face some competition, with rivals scrambling to hit the market soon with their ver
Read MoreNarendra Modi government to start strategic PSU sale after 13 years hiatus; BEML, Pawan Hans on the block
The Narendra Modi government, which had drawn up rather ambitious plan for strategic sales in 16-odd public sector undertakings (PSUs), is set to comm
Read MoreMega deals power PE investments in 2017 to all-time high
Private equity investments have hit an all-time high this year with deals worth of USD 17.6 billion in the first nine months, largely driven by big-ti
Read MoreGDP to hit $6 trillion by 2027 on digital leap: Morgan Stanley
India is likely to be the world?s fastest-growing large economy in the next 10 years, driven by digitisation, favourable demographics, globalisation a
Read MoreMore schemes under DBT now, but transaction values sluggish
The ambitious direct benefit transfer (DBT) scheme now covers more than 300 Central schemes, but despite the significant increase in its scope, the nu
Read MoreGoods and Service Tax (GST) Commissionerate, Jabalpur, Madhya Pradesh
Goods & Service Tax (GST) Commissionerate, Jabalpur, Madhya Pradesh
Read MoreGoods and Services Tax (GST) Commissionerate, Bengaluru Zone (BZ), Karnataka
Goods and Services Tax (GST) Commissionerate, Bengaluru Zone (BZ), Karnataka
Read MoreGoods and Services Tax (GST) Commissionerate, Delhi South
Goods and Services Tax (GST) Commissionerate, Delhi South
Read MoreCentral Excise and Central Tax (CGST) Commissionarate, Mangalore
Central Excise & Central Tax (CGST) Commissionarate, Mangalore
Read MoreNotification No.91/2017 Customs (N.T.)
Customs Valuation (Determination of Value of Imported Goods) Amendment Rules, 2017
Read MoreNotification No. 85/2017
[Notification No. 85/2017/F. No. 200/24/2017-ITA-I]
Read MoreNotification No.RBI/2017-18/68
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework
Read MoreNotification No.RBI/2017-18/67
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/66
Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016
Read MoreUK annual growth rate revised down
Gross domestic product grew by 1.5% from a year earlier, the Office for National Statistics (ONS) said, down from the earlier estimate of 1.7%.However
Read MoreBlackBerry makes comeback as software solutions company
BlackBerry has made a comeback as a software solutions company focused on security under the leadership of CEO John Chen. The company reported revenue
Read MoreIndia seeks partnering with American food processing companies
A high-level Indian delegation is visiting the US to forge partnership with America?s food processing sector to bring the best practices of the world
Read MoreChina steelmakers slash orders as Beijing war on winter smog nears
China?s steel mills are slashing order books, curbing iron ore purchases and bracing for lower revenue as the government forces factories across the n
Read MoreAramco listing reshapes Saudi Arabia's OPEC oil policy
Saudi Arabia?s plans to float state oil titan Aramco are prompting the country to think the unthinkable.Late last year, Saudi Arabia tried to get fell
Read MoreWorld Gold Council to form panel for establishing spot gold bourse in India
The World Gold Council (WGC) plans to form a committee soon to help set up India?s first spot gold exchange within 12 to 18 months, a senior official
Read MoreSugar prices remain low despite festive season reaching its peak
With the festive season in full swing, sugar prices are looking depressed and have declined by Rs 50-70 per quintal in the last couple of weeks. Accor
Read MoreSebi mulls continuous listing norms for stricter oversight
Working on ways to bolster its surveillance measures, the Securities and Exchange Board of India (Sebi) has plans to put in a framework for continuous
Read MoreIreda prices its green masala bonds at 7.23% to raise $300 million
The Indian Renewable Energy Development Agency (Ireda) is believed to have priced its green masala bonds at 7.23% to raise close to $300 million, sour
Read MoreCigna to up stake in JV with TTK to 49%
Standalone health insurer Cigna TTK Health Insurance has received IRDAI approval to increase its stake from 26 per cent to 49 per cent in the joint ve
Read MoreAn all too familiar hurdle could derail Modi's ambitious $2.5-billion power plan
The success of Prime Minister Narendra Modi?s ambitious plan to electrify all households in India by December 2018 faces a familiar hurdle: the money-
Read MoreBig success TVS Motor, gets patent for device that avoids battery drain
In a leg-up to its technological innovations, Chennai-based two-wheeler major TVS Motor Co has been granted a patent for an invention relating to a de
Read MoreAfter Trai cuts MTC to 6 paise, Airtel, Idea move Bombay High Court against new IUC norms
Bharti Airtel and Idea Cellular on Thursday moved the Bombay High Court challenging the Telecom Regulatory Authority of India?s (Trai) new interconnec
Read MoreSAVINGS THROUGH DBT CROSS RS 58,000 CRORE MARK, SAYS PRASAD
Government has saved Rs 58,000 crore through the Direct Benefit Transfer (DBT) scheme used in various subsidy programmes, Union Minister Ravi Shankar
Read MoreKerala gives UDAN flights a boost, cuts VAT on jet fuel by 5 pct
Running the extra mile for the Centre?s regional connectivity scheme, UDAN, the Kerala government has trimmed its VAT rate on aviation turbine fuel (A
Read MoreGovernment sticks to Rs2.08 trillion borrowing plan for FY18
The government will raise Rs2.08 trillion through market borrowings in the second half of 2017-18, sticking to its budget, but does not rule out the
Read MoreArun Jaitley vows crackdown against black money in bank accounts
Facing a barrage of criticism including from elements within the ruling coalition for slowing growth, finance minister Arun Jaitley on Thursday mounte
Read MoreNSE aims for listing in second half of 2018
The new chief executive of the National Stock Exchange (NSE) told Reuters he does not expect the bourse's eagerly awaited listing to take place until
Read MoreIndia the worst major market in September
India is likely to earn the worst-performing major market tag for September. So far this month, the benchmark BSE Sensex is down nearly four per cent
Read MoreEU pressures internet giants to remove illegal content sooner
The European Commission on Thursday outlined how firms like Google (GOOGL.O), Facebook (FB.O) and Twitter (TWTR.N) should remove illegal content more
Read MoreAmazon is beating Google in the race to the home computer
Amazon, Apple, Google, Microsoft, and Samsung are all chasing voice-based artificial intelligence with smart digital assistants that you talk to. It?s
Read MoreNaspers buys $775mn stake in German online food service
Naspers Ltd agreed to pay ?660mn ($775mn) to boost its stake in Germany?s Delivery Hero AG as Africa?s biggest company increases its exposure to the o
Read MoreAngry Birds maker Rovio valued at $1 billion in IPO
Finnish mobile games studio Rovio Entertainment Ltd priced its initial public offering (IPO) at the top end of the initial range on Thursday, giving i
Read MoreToshiba inks $18-bn deal to sell chip arm
Toshiba signed a final agreement to sell its flash memory chip business to a group led by Bain Capital for about 2 trillion yen ($18 billion), moving
Read MoreTrump's tax plan could actually benefit wealthy people like him
President Trump is making one thing clear about his plan to cut taxes: It won't be a windfall for the richest Americans, including him."It's not good
Read MoreMaharashtra's Dhule district to house 500 Mw solar park
The Maharashtra government, in a bid to strengthen its footing in the renewable energy segment, is planning to set up a 500-Mw solar park in Dhule dis
Read MoreRBI hikes FPI investment limits in G-secs and SDLs
The Reserve Bank of India (RBI) on Thursday revised the foreign portfolio investors? investment limits in central government securities (G-secs) and s
Read MoreRising NPAs in power sector add to banks' stress
The stress in the power industry that is evident both in the distribution and generation sides of the business has left the State Bank of India, the c
Read MoreInstitute e-wallet for SMEs, exempt exporters from GST: Traders to govt
Exporters have suggested the idea of instituting an e-wallet mechanism for small and medium enterprises (SMEs) and complete exemption for merchant exp
Read MoreGujarat set to become India?s first electric vehicle hub
Gujarat was late when it came to assuming the mantle of India?s Detroit. But that race was for vehicles running on internal combustion engines.With po
Read MoreL&T may sell some power, road projects: A M Naik
Engineering major Larsen & Toubro (L&T) is likely to divest some of its road and power projects as it focuses on its core business. These projects gen
Read MoreProxy firms split on DLF Cyber City deal
The proposed deal between realty major DLF, its promoters and Singapore?s sovereign wealth fund GIC has elicited opposing views from proxy advisory fi
Read MoreSun Pharmaceutical, Dr Reddy's line up new drugs amid price war
To stave off pricing pressure in the US, Sun Pharmaceutical and Dr Reddy's Laboratories have built pipelines of drugs that face less competition and c
Read MoreGE locomotive plant in Bihar on track: Railways minister Piyush Goyal
Railways minister Piyush Goyal on Thursday said work on the Marhaura diesel locomotive project in Bihar is on track and that the government would abid
Read MoreMarkets see largest one-day FII pull-out of Rs 5,300 crore
Foreign investors on Thursday offloaded shares worth Rs 5,328 crore ? the largest in a single session ? but the markets managed to end with gains, tha
Read MoreGovt wants early warning system on shell companies: How it will work
The ministry of corporate affairs (MCA) says work has begun for an "early warning system" regarding shell companies.The term is used to refer to a com
Read MoreRBI unlikely to cut rates in October policy: Economists
Economists don?t expect the six-member monetary policy committee of the Reserve Bank of India (RBI) to tinker with rates in the October 3-4 policy rev
Read MoreM&M, Tata Motors, Nissan bid for India's first electric car tender
Home-grown auto majors Mahindra & Mahindra (M&M) and Tata Motors, and Japanese carmaker Nissan have bid for the country?s first electric car tender of
Read MoreGovt asks PSUs to step up capex, dividends
The government on Thursday nudged state-owned companies to spend an additional Rs 25,000 crore as capital expenditure this fiscal year, above the budg
Read MoreIncome Tax department fastens belt to add 1.25 crore new ITR filers this fiscal
The Income Tax Department has been tasked to add 1.25 crore new return filers in the current financial year as part of the government's plan to widen
Read MoreFPIs sell equities worth $1.16 bn in September
Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $1.16 billion in September, after offloading stocks worth nearly $2 billio
Read MoreJapan's economic expansion broadening
Bank of Japan Governor Haruhiko Kuroda said on Thursday the country?s economic expansion is broadening and likely to be highly sustainable.But he reit
Read MoreEuro zone economic sentiment jumps more than expected to a 10-year high
Euro zone economic sentiment improved more than expected in September, reaching levels last seen in July 2007, with optimism rising in all sectors exc
Read MoreChina September factory activity seen growing at slightly slower pace
China?s factories likely cranked up activity for the 14th straight month in September as the country?s year-long building boom and higher prices gener
Read MoreIndia launches programme to attract UK investments
India today launched a new initiative here to attract investments from small and medium enterprises (SMEs) in the UK by providing them the hand- holdi
Read MoreGold hits 1-month low as Fed rate hike hint drives dollar
Heightened expectations that the U.S. Federal Reserve will raise interest rates again this year drove gold to a one-month low on Wednesday, extending
Read More?MF assets may zoom to $1.9 t?
Morgan Stanley Research expects the assets under management of mutual funds to register a compounded annual growth of 22 per cent to $1.9 trillion (ab
Read MoreBharti Airtel to invest Rs 20,000 crore for expansion
India?s largest telecom company Bharti Airtel, chairman Sunil Bharti Mittal said on Wednesday that the telco will invest up to Rs 20,000 crore this y
Read MoreM&M-Ford tie-up: 'Old friends', new ambitions
Anand Mahindra, executive chairman of home-grown auto major Mahindra & Mahindra (M&M), was on a flight when his company announced its partnership with
Read MoreONGC-HPCL deal to happen by Dec
The acquisition of the government?s stake in Hindustan Petroleum Corporation (HPCL) by state-run Oil and Natural Gas Corporation (ONGC) is likely to h
Read MoreMCA plans to ease process for starting biz
The Ministry of Corporate Affairs plans to simplify the existing processes for setting up a company, according to a public notice.In this regard, the
Read MoreCar exports up only 2.6% in 5 months
Indian car exports, which expanded by 16 per cent in the last financial year, grew at a low single digit of 2.62 per cent during the April-August peri
Read MoreMotilal Oswal realty arm to invest Rs 1,000 cr in FY18
Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity (MOPE), is looking to invest Rs 1,000 crore in the current financial ye
Read MorePE investment in wind, solar up 47% in 2017
The renewable energy sector in India has witnessed a spike in private equity (PE) flows in 2017, despite facing challenges like plunging tariffs and p
Read MoreLanco Infratech posts net loss of Rs 1,691 cr for April-June quarter
The stand-alone net loss of Lanco Infratech widened to Rs 1,691.49 crore for the quarter ended June, compared to Rs 127.77-crore loss in the correspon
Read MorePiramal Finance sets up housing finance company
Piramal Finance Ltd, the non-banking finance company of the Piramal Group, has set up a housing finance company that will offer home loans through rea
Read MoreDirect tax receipts may be a spoiler for fiscal maths
Growth in advance tax collections slowed to 11 per cent in the first half of the financial year, against 14 per cent a year ago, posing a challenge to
Read MoreMarkets, rupee in free fall
The deteriorating economic outlook continued to weigh on investor sentiment on Wednesday, with the equity markets falling for the seventh straight ses
Read More'Telecom manufacturing to see big upshot by 2020'
India will have almost 1,500 factories making handsets and associated ecosystem products by 2020, a local industry association said, a view endorsed b
Read MoreFPIs net short on index futures for the first time in 10 months
Bearish bets by foreign Investors on Nifty futures outnumbered bullish positions for the first time in 10 months on Wednesday as the fall in the stock
Read MoreBrexit Bill Swells on Pensions as EU Parliament Draws Red Lines
Efforts to unblock the Brexit stalemate suffered two setbacks on Wednesday as data showed swelling European pension costs would add to Britain?s exit
Read MoreADB to increase annual lending to India to $4 billion
The Asian Development Bank on Wednesday said it will increase its annual lending to India to a maximum of $4 billion between 2018 and 2022 to help fas
Read MoreFinland's Fortum Makes $9.5B Hostile Bid for German Utility
Finnish energy group Fortum is offering to buy all the shares in German utility Uniper in an 8.05 billion-euro ($9.5 billion) deal that aims to boost
Read MoreBrent slips from 2015 peaks, U.S. crude up on inventory draw
Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world?s top consumer unexpectedly drew down with refiners coming
Read MoreQ1 spices exports rise 35%; chilli tops list
Higher exports of chilli to the global market helped the spices exports from the nation to grow by 35% in volume terms during the first quarter of the
Read MoreRIL outbids rivals to buy its own coal-bed gas until 2021
Reliance Industries Ltd (RIL) outbid rivals to buy the entire volume of coal-bed methane produced from its own blocks in central India until at least
Read MoreComm derivatives trading: Many entities come under Sebi lens
Scores of entities have come under the scanner of Sebi for alleged abnormalities in commodity derivatives trading activities amid stepped up surveilla
Read MoreRBI to keep rates steady in October, cut growth forecast: Poll
The Reserve Bank of India will hold policy steady at its October 4 meeting, and well past next year, amid weak economic growth and signs inflation may
Read MoreRBI may opt for status quo in next policy: SBI
The Reserve Bank of India (RBI) is likely to maintain status quo on key lending rate in its October 4 policy decision as it is "stuck in a conundrum"
Read MoreNon-food bank credit grows 7.52%
Non-food bank credit grew 7.52% year-on-year (y-o-y) during the fortnight ended September 15 with the outstanding loans to companies and individuals r
Read MoreBanks, Private Equity firms cut real estate exposure; NBFCs stay bullish
It seems that none other than NBFCs are currently willing to place their bets on the domestic housing sector as private equity (PE) firms have consist
Read MoreAmazon India launches wholesale marketplace; now SMBs can buy material in bulk
E-commerce firm Amazon India on Wednesday announced the launch of its wholesale marketplace Amazon Business (www.amazon.in/business). With this, small
Read MorePatanjali will be a Rs 2-lakh crore brand in 5 years: Ramdev
Patanjali Ayurved will be a Rs 2 lakh crore brand in the next five years as it plans to foray into new verticals and open new integrated food parks an
Read MoreGovt schemes:Deadline for obtaining Aadhaar extended by 3 mths
The Centre today extended the deadline for obtaining Aadhaar for availing government schemes and subsidies by three months to December 31.The extensio
Read MoreGovt may sell up to 60% stake in producing oilfields of ONGC, OIL
India plans to offer stakes of up to 60 per cent in oil and gas fields owned by state energy companies that are already under production to private fi
Read MoreMassive amounts of revenue stuck in litigation, this is what the Narendra Modi government has ordered CBEC officers to do
As the government struggles to realise a massive amount of revenue stuck in litigation, the Central Board of Excise and Customs (CBEC) has instructed
Read MoreIndia may become a $6 trn economy in next 10 years: Morgan Stanley
India is expected to be a $6 trillion economy -- the third largest in the world -- in the next 10 years, majorly helped by digitisation, says a report
Read MoreCentre to wind up government funded autonomous bodies? Here is what is on the agenda
A third of the government-funded autonomous bodies may either be wound up or merged with others while several others may have to stand on their own fe
Read MoreJuly GST payment: Just Rs 12,000 cr transitional credit admitted
Just Rs 12,000 crore, or less than a fifth of the Rs 65,000 crore transitional credit claims received in respect of the central excise and service tax
Read MoreGE warns India about massive risks to changing $2.5 bn Railways deal
General Electric Co. warned Indian officials that walking away from a multibillion-dollar locomotive contract would harm job creation and have a chill
Read MoreCabinet approves mobile towers in army cantonments
In order to improve mobile phone connectivity, the Cabinet today approved installation of telecom towers in all army cantonments, Union Minister Ravi
Read MoreSiemens to merge rail operations with French rival Alstom, counter competition from China
Siemens AG and Alstom SA agreed to merge their rail businesses in a deal that brings together former arch-rivals from Germany and France to create a E
Read MorePower Finance Corp to provide Rs 4K cr for 4 GW thermal power plant in Telangana
State-run Power Finance Corp (PFC) has committed financial assistance of Rs 4,009 crore to Telangana for setting up a 4,000 MW thermal power plant in
Read MoreNike Posts Slowest Quarterly Sales Growth In Nearly 7 Years
Nike Inc posted its slowest quarterly sales growth in nearly seven years in the face of intensifying competition from Adidas AG and said it expects a
Read MoreAirtel To Invest Rs. 20,000 Crore In Digital Infra This Year: Chairman Sunil Bharti Mittal
Bharti Airtel will invest up to Rs. 20,000 crore this year in digital infrastructure, the company's chairman Sunil Bharti Mittal said on Wednesday. Sp
Read MoreIMC 2017: Proposed merger with Idea Cellular is next exciting chapter for Vodafone
Vodafone India?s proposed merger with Idea CellularBSE -0.79 % will be the ??next exciting chapter ? for the company, said the UK based telco?s group
Read MoreFed's Yellen says gradual hikes should continue, despite weak inflation
The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesda
Read MoreGerman exporters unfazed by stronger euro, car sector less upbeat - Ifo
German exporters have become more optimistic about their business prospects as soaring demand from other euro zone countries helps offset worries abou
Read MoreOversized European banking sector likely to shrink: ECB's Nouy
Europe?s bank sector has grown too big and may need to shrink, possibly through mergers or failures, Daniele Nouy, the European Central Bank?s top ban
Read MoreChina's third-quarter growth slips but still solid, commodity reversal a big risk-Beige Book survey
China?s economic growth likely slipped in the third quarter but was still in far better shape than last year, a private survey showed on Wednesday, wh
Read MoreIndia is world's 40th most competitive economy: WEF
India has been ranked as the 40th most competitive economy -- slipping one place from last year's ranking -- on the World Economic Forum's global comp
Read MoreTaxes on petro products fetch government Rs 2.67 lakh crore
Crude oil prices in the international market have come substantially down, but surprisingly the prices of petroleum products in India are on the rise,
Read MoreRBI nod for banks to invest in PE, venture debt funds
The Reserve Bank of India has now allowed banks to invest in the capital of Category II Alternative Investment Funds, which includes private equity an
Read MoreLenskart invests $1 million in US start-up Ditto
Online eyewear firm Lenskart today said it has invested USD 1 million in Ditto to pick up a minority stake in the US-based start-up. Lenskart already
Read MoreStates will have to compete for central projects
The Centre has decided to adopt the so-called challenge method for awarding all projects to states so as to bring in speed, efficiency and transparenc
Read MoreHUL enters e-commerce business with premium tea and teaware
Hindustan Unilever plans to sell premium tea through its own portal, marking its entry into the ecommerce business in India. Until now, the country?s
Read MoreIndirect tax share in GDP at all-time high of 10.5%
There has been a steady rise in indirect taxes (net of subsidies) in recent years, pushing up retail prices of commonly used goods and services.The co
Read MoreGovt to widen usage of GST database
The goods and services tax (GST) might find use in national accounts beyond the routine application of indirect taxes in converting gross value added
Read MoreJSW Energy to set up Rs 4k-cr electric car manufacturing plant in Gujarat
JSW Energy, part of the Sajjan Jindal-led Jindal Group, signed a memorandum of understanding (MoU) with the Gujarat government on Tuesday to set up a
Read MoreDealing with debt: DLF building on debt-free ambition
At a time when several firms are facing insolvency, some have been able to restructure their debt. In the second of a 4-part series, Business Standard
Read MoreThyssenkrupp raises $1.7 billion to fund industrial goods businesses
Thyssenkrupp raised almost 1.4 billion euros ($1.7 billion) in a share placing on Tuesday to help fund the industrial goods businesses that will stay
Read MoreWestern Digital to seek injunction to block Toshiba's $18 billion chip unit sale
Western Digital Corp (WDC.O) said on Tuesday it will seek an injunction to block the sale of Toshiba Corp?s (6502.T) prized semiconductor business to
Read MoreNestl? plans $10bn revamp as activist Loeb takes aim
Nestl? SA may buy or sell businesses with combined sales of almost $10bn as CEO Mark Schneider embarks on the biggest overhaul of the food company in
Read MoreWe're Reaching Peak Gold
The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council.Production is likely to
Read MoreOil falls from 26-month high on profit-taking, ahead of U.S. data
Oil prices ended 1 percent lower on Tuesday after investors took profits following a rally to 26-month highs spurred largely by threats from Turkey to
Read MoreFPIs sell shares worth $1.07 bn in September
Foreign portfolio investors (FPIs) have sold Indian equities worth close to $1.07 billion in September, after offloading stocks worth nearly $2 billio
Read MoreFPIs allowed to trade in commodity derivatives on IFSC bourses
Foreign portfolio investors can participate in commodity derivatives trading on stock bourses located in the International Financial Services Centre (
Read MoreSEBI to allow MFs in commodity derivatives
Commodity and capital market regulator SEBI plans to allow mutual funds and portfolio management service providers to participate in commodity derivat
Read MoreValuation loss in forex reserves amounted to $11.8 bn for FY17
The Reserve Bank of India (RBI) on Tuesday stated in its half yearly report on management of forex exchange reserves that the valuation loss in its fo
Read MoreArcelorMittal's focus on other assets may hit $1-bn JV with SAIL
ArcelorMittal's interest in buying debt-ridden Indian steel companies could derail its planned $1 billion joint venture with Steel Authority of India
Read MoreDabur announces partnership with Amazon to sell products abroad
Ayurvedic medicine and natural consumer products manufacturer Dabur on Tuesday announced a partnership with e-commerce firm Amazon India to sell 30 of
Read MoreFlipkart buys IT repair services firm F1 Info Solutions
E-commerce major Flipkart has acquired Maharashtra-based mobile and IT repair services company F1 Info Solutions for an undisclosed amount. Flipkart w
Read MoreKorean vendors to set up $1bn supply chain for Kia in Andhra
A Korean consortia of auto component manufacturers are set to make approximately USD 1 billion investment in a supply chain for an integrated plant be
Read MoreDaily price change: Fuel rates up 8% since mid-June, says Icra
Petrol and diesel prices have jumped 8 per cent since daily price revision was implemented in mid-June, IcraBSE -0.35 % said today, warning that a sus
Read MoreAugust GST mop-up slips to Rs 90,669 crore
Collections under the Goods and Services Tax, the single indirect tax regime introduced for all of India on July 1 this year, dropped marginally to Rs
Read MoreHere is what caused stock markets to lose a massive Rs 4.5 lakh cr of investor wealth in just 5 sessions
With foreign portfolio investors (FPIs) continuing to take risk off the table, both the Nifty and the Sensex fell for the sixth straight session on Tu
Read MoreNotification No. 85/2017[F. No. 200/24/2017-ITA-I
Publish Date : Tuesday, September 26, 2017
Reliance Capital to launch standalone health insurance arm
Reliance Capital, the financial services arm of the Anil Ambani-led Reliance Group, is planning to launch a standalone health insurance venture. The c
Read MoreStandard Chartered, Citibank become shareholders in Swift India
Standard Chartered and Citibank have picked up stake in global financial messaging service Swift?s local arm, becoming the first foreign lenders to in
Read MoreLinkedIn to train blue-collar workers in India
"The only way a global company like LinkedIn can succeed is by going glocal," said Allen Blue, Co-founder, LinkedIn. One such attempt by the professio
Read MorePetrol, diesel prices: ?India?s fuel rates have not violated global pattern?
If retail sale price of petrol and diesel is as high as it was when the global crude price was twice as high, state-run oil marketing companies haven?
Read MoreU.S. crude exports to Asia may shake up global oil pricing - Russell
The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of cr
Read MoreGlobal economy to continue faster expansion, says IMF official Zhang Tao
The global economy will expand faster next year while still facing challenges, such as low productivity, high income inequality and low inflation, acc
Read MoreADB lowers India growth outlook to 7% for 2017-18
The Asian Development Bank (ADB) has slashed India's GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent owing to weakness in p
Read MoreHow Tata-Thyssenkrupp Merger Got Done
With negotiations going nowhere even after almost two years of long-drawn consultations, it needed that extra push from the principal shareholders to
Read MoreEdelweiss ARC revives Karaikal Port, plans LNG terminal to monetise operations
Edelweiss ARC, which took over 97 per cent debt of the company in 2015, has plans to set up a LNG terminal to monetise the operations of Karaikal Por
Read MoreGreen bond sales double to record $3 billion this year
India's focus on renewables has pushed green bond sales to a record high of $3 billion this year, doubling from the year ago, as investors with dedica
Read MoreYES Bank set to achieve low-cost deposit target of 40% this fiscal
Encouraged by healthy growth in deposits and advances in the retail segment, YES Bank has brought forward the target for achieving increase in the pro
Read MoreShare of exports in GDP at 14-year low of 19.4%
The share of export in India?s gross domestic product (GDP) declined to a 14-year low during the first quarter (Q1) of the current financial year (FY1
Read MoreBOE Says Consumer Defaults Could Exceed Banks' Estimates
The Bank of England said rapid gains in consumer credit could cause U.K. banks to suffer bigger losses than they?re expecting if the economy weakens.
Read MoreGerman Business Optimism Drops as Economy Nears Peak Growth
German business confidence unexpectedly weakened for a second month in September, in a sign that Europe?s largest economy is struggling to improve on
Read MoreBank of France raises 2017 French economic growth forecast to 1.7 pct
The head of the Bank of France said on Monday that the country's economic growth could reach 1.7 percent for 2017, up from its previous estimate for g
Read MoreNets welcomes $5.3 bln takeover bid by Hellman & Friedman
Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of t
Read MoreUnilever to buy Carver Korea for $2.7 billion
Unilever has agreed to buy cosmetics firm Carver Korea for 2.27 billion euros ($2.71 billion) from Goldman Sachs, Bain Capital and the company's found
Read MoreABB buys GE biz for $2.6 billion
Power grids maker ABB is buying General Electric?s Industrial Solutions business for $2.6 billion in a bet it can improve the division?s lackluster ma
Read MoreGlobal steel output trends positive for growing Indian economy
Global steel production in August 2017 raises hopes for the revival of steel industry. A 6.3% increase at 143.6 MT over last year is indeed significan
Read MoreOil Prices Hit Eight-month High as Producers Say Market Rebalancing
Oil prices hit eight-month high on Monday after major producers said the global market was on its way towards rebalancing, while Turkey threatened to
Read MoreFPIs sell $965 m equities in September
Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $965 million in September, after offloading stocks worth nearly $2 billion
Read MoreCollection efficiency in MFIs, SFBs rises to 93%: Icra
The collection efficiency in the microfinance sector, which includes microfinance institutions and small finance banks (SFBs), has increased to 93% in
Read MoreFPIs continue to show interest in govt securities
Foreign portfolio investors (FPIs) continue to show interest in central government securities even as they lapped up the investment limits during Mond
Read MoreIOC plans to expand Paradip refinery capacity by 3-4 MT
With the dispute between the Odisha government and Indian Oil Corp (IOC) over the value-added tax (VAT) being resolved, the oil marketing firm has fir
Read MoreJaypee group gets shareholders' nod to raise up to Rs 2,000 cr
Jaypee group's flagship company Jaiprakash Associates today said its shareholders have approved the proposal to raise up to Rs 2,000 crore through sal
Read MoreIOC board clears Rs27,000 crore refinery in Andhra Pradesh
Indian Oil Corp. (IOC) said on Monday its board has given approval to setting up of a Rs27,460 crore refinery by its subsidiary, Chennai Petroleum Cor
Read MoreFlipkart, Amazon, other ecommerce players clock 40 pct growth at $1.5 bn from last year?s $1 bn
As the dust settles after big discounts unleashed by e-tailers in their annual festival sales, it?s time to take stock. While Flipkart wound up its fi
Read MoreIndia, S.Korea to upgrade pact to boost trade and investment
Even as the India-South Korea Free Trade Agreement (FTA) will soon be expanded to boost bilateral trade and investment, New Delhi has conveyed to Seou
Read MoreONGC TO BUY HPCL IN BULK OR BLOCK DEAL BY NOV-DEC
State-owned Oil and Natural Gas Corporation (ONGC) will acquire the Government?s 51.11 per cent stake in HPCL through a bulk or block deal some time b
Read MoreRBI has been intervening to stem rupee?s appreciation, says Arvind Subramanian
The Reserve Bank of India (RBI) has been intervening to stem the rupee?s appreciation, chief economic adviser Arvind Subramanian said on Monday. Subra
Read MoreRBI caps banks exposure to Reits, InvIts at 10% of unit capital
The Reserve Bank of India (RBI) on Monday amended the statutes making it possible for lenders to invest in real estate investment trust (Reits) and in
Read MoreCentre?s spending slows down after brisk start even as it talks of stimulus
Even as the Centre is looking for options to prop up demand in the economy, partly by stepping up productive spending, its capital expenditure has slo
Read MoreSBI lowers minimum balance to Rs 3,000; exempts pensioners, minors
Country's largest lender State Bank of India today lowered the minimum average monthly balance (MAB) requirement in a savings account to Rs 3,000 from
Read MoreSaudi Arabia hires banks for third international bond
Saudi Arabia has hired banks to arrange a global investor call ahead of a potential international bond issuance, as the Gulf?s largest economy, and th
Read MoreReliance Industries becomes world?s 3rd largest energy firm
Reliance Industries ltd has jumped five places to rank as the world?s third-biggest energy company behind Russian gas firm Gazrpom and German utility
Read MorePromoter Stake Sale In DLF Arm Removes Conflicts Of Interest: Investment Advisory Firm
DLF promoters' decision to sell their entire stake in its rental arm for Rs. 11,900 crore will remove existing conflicts of interest and help the real
Read MoreSupertech Raises Rs. 350 Crore From L&T Finance
Realty firm Supertech has raised Rs. 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida. The Noida-based firm also plans t
Read MoreABB buys GE business for $2.6 billion in bet it can boost margins
Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lacklustre margins at t
Read MoreJapan Sept manufacturing hits four-month high on pickup in demand - flash PMI
Japanese manufacturing activity expanded in September at the fastest pace in four months as domestic and export orders picked up, a preliminary priva
Read MoreLenders 'underestimate' risks of consumer debt, says Bank of England
The Bank's Financial Policy Committee (FPC) said there were "pockets of risk" in the current level of lending on loans, overdrafts and credit cards.It
Read MoreJapan Abe to order $17.8 billion stimulus package
Japanese Prime Minister Shinzo Abe will order cabinet ministers on Monday to compile a stimulus package worth around 2 trillion yen ($17.80 billion) t
Read MoreEconomic stimulus to influence equity indices? movement, says report
Expectations of an economic stimulus package, along with derivatives expiry and movement of foreign funds, are expected to drive equity investors? sen
Read MoreScope for further rate cut by RBI: Finance Ministry
As the government scrambles for measures to boost the slowing economy, a top finance ministry official today said there is scope for an RBI rate cut a
Read MoreExperts say it is important to know what objectives a fiscal stimulus can achieve
The government has promised measures to boost the economy - but will a fiscal stimulus throw the fiscal deficit math out of whack is the big question.
Read MoreGrowth likely to revive in coming quarters: SBI chief
India?s biggest lender State Bank of India (SBI) expects the country?s economy to rebound in another couple of quarters, and its chief says that banks
Read More200,000 more directors disqualified for holding posts in defaulting companies
The corporate affairs ministry has disqualified another 200,000 directors for holding posts in defaulting companies that have not filed their financia
Read MoreNotification No.90/2017 Customs (N.T.)
Exchange Rates Notification No.90/2017-Custom(NT) dated 21.09.2017
Read MoreNotification No.89/2017 Customs (N.T.)
All Industry Rates of Duty Drawback Schedule
Read MoreNotification No.88/2017 Customs (N.T.)
The Customs and Central Excise Duties Drawback Rules, 2017
Read MoreNotification No.RBI/2017-18/65
Issuance of Rupee Denominated Bonds (RDBs) Overseas
Read MoreNotification No.RBI/2017-18/64
Investment by Foreign Portfolio Investors in Corporate Debt Securities ? Review
Read MoreNotification No.RBI/2017-18/63
Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
Read MoreNotification No.RBI/2017-18/62
Inclusion of ?Suryoday Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2017-18/61
Priority Sector Lending - Targets and Classification: Lending to non-corporate farmers ? System wide average of last three years
Read MoreNotification No.RBI/2017-18/60
Formation of new districts in the State of West Bengal - Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2017-18/59
Change in name of ?Gopinath Patil Parsik Janata Sahakari Bank, Ltd., Thane ? to ?GP Parsik Sahakari Bank Ltd, Kalwa, Thane ? in the Second Schedule to
Read MoreNotification No. 08/2017
TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
Read MoreBlackstone Set to Buy UIOF for Rs 800 cr, Step Up Housing Play
US private equity major Blackstone Group is set to acquire Anand Jain-promoted Urban Infrastructure Opportunities Fund (UIOF) that also counts Relianc
Read MoreAmazon India calls up Ashok Patni group for joint venture
Amazon has established a joint venture with the Ashok Patni Group to strengthen its customer service unit or call centre targeted at supporting the gr
Read MoreSamsung's operating profit may hit $13.6 billion in Q4 FY18: FnGuide
Samsung's operating profit is forecast to reach a record 15.5 trillion won ($13.6 billion) in the fourth quarter of 2017, a market researcher said on
Read MorePharma exports pick up in August; but still down compared to last year
The decline in pharmaceutical exports during April - July this year has been halted as they registered a 4 per cent increase in August compared to sam
Read MoreP2P lending: Direct selling agents may come under RBI regulatory ambit as NBFCs
The Reserve Bank of India?s recent move to regulate peer-to-peer (P2P) lending platforms as non-banking financial companies (NBFCs) has created a grey
Read MoreDeepak Fertilisers to set up brownfield IPA plant at Taloja
Fertilizer major Deepak Fertilisers and Petrochemicals Corp Ltd (DFPCL) today said it plans to set up a brownfield isopropyl alcohol plant with high p
Read MoreOil production enhancement policy likely soon
The government is set to come out with a new policy aimed at increasing oil production from nomination blocks of Oil and Natural Gas Corporation (ONGC
Read MoreIrdai panel to help move to risk-based capital norms in 3 yrs
Insurance regulator Irdai has formed a ten-member steering committee to help implement by March 2021 the new risk-based capital (RBC) regime that will
Read MoreFlour mills get GST exemption on branded packs with rider
In a major relief for about 1,400 flour mills, the central government has granted conditional exemption from the goods and services tax (GST) for bran
Read MoreIndia key export base for auto firms
India is evolving into one of the top global export bases of certain car models made by multinational automobile companies. This is true in case of bi
Read MoreGhanaian subsidiaries of Tigo, Bharti Airtel cleared for potential merger
Ghana's National Communications Authority (NCA) regulator granted conditional approval for a merger between the local operations of Millicom's Tigo an
Read MoreI-T self-assessment filings under lens
The income-tax (I-T) department is suspecting that taxpayers are understating their advance tax liabilities under self-assessment in the early quarter
Read MoreRS. TO DEPRECIATE, BUT NOT IN A HURRY: BS POLL
The recent sharp movement in the rupee-dollar exchange rate has come as a surprise to many importers. The recent level of RS.63 a dollar could be a th
Read MoreEssar Ports to invest Rs 2k cr for LNG terminals
Essar Ports is planning to set up a ?cluster of liquefied petroleum gas (LPG) terminals? along the Indian coastline, the first phase of which would en
Read MoreAmazon picks up 5% stake in Shoppers Stop
Amazon?s strategy to tap into India?s offline market has got a boost with the firm picking up 5 per cent stake in Shoppers Stop.The two companies have
Read MoreUber Regroups After London Taxi Setback as Lyft Signals Interest
Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride
Read MoreChinese cities impose new property control measures
A number of provincial capitals across China have rolled out new curbs to further slow home property sales, and bear down on lingering speculators tha
Read MoreDomestic finished steel export surges 36%, import 62% in August
India's total export of finished steel in August jumped 36 per cent to 0.923 million tonne, official data showed. In the same month last year, the cor
Read MoreMandatory self-sealing of export containers deferred to Nov 1
The finance ministry has deferred by a month the mandatory self-sealing of export containers and use of radio-frequency identification tags to Novembe
Read MoreModi?s ambitious infrastructure fund NIIF to get up to $5 to 10 bn first investment; know details here
Ending a hiatus since it was launched more than two years ago, the much-touted National Investment and Infrastructure Fund (NIIF) is close to its firs
Read MoreChina imposes limit on oil supply to North Korea
China announced Saturday that it will limit energy supplies to North Korea and stop buying its textiles under U.N. sanctions imposed over its nuclear
Read MoreJapan policymakers soften fiscal pledges as election prospects loom
Senior Japanese policymakers on Friday said they may need to adjust calculations underlying the country's plans to trim spending, an indication the go
Read MoreGlaxoSmithKline Pharmaceuticals to sell land in Thane to Oberoi Realty for Rs 555 crore
GlaxoSmithKline Pharmaceuticals today said its board has approved the sale of around 60 acres land of the company at Thane in Maharashtra to Oberoi Re
Read MoreRamdev's Patanjali Ayurved in talks with investment banks to raise Rs 1,000 crore
To meet its ambitious targets and expand its areas of interest, Baba Ramdev's Patanjali Ayurved is in talks with several investment banks to raise str
Read MoreGST, DeMo Dented Business Confidence Says NCAER
There is a sense of uncertainty in the business confidence of Indian firms since the demonetisation drive last year, a premier think tank has said.Del
Read MoreRBI Intervenes to Back Re, but Takes the Futures Route
The Reserve Bank of India sprang a surprise in the currency market as it tweaked its usual way to stem the rupee's sharp intra-day dip against the dol
Read MoreAmazon claims 14x value growth on first day of sale
Amazon India said it has registered a 14x growth in value over business as usual on the first day of its Great Indian Festival sale on Thursday, on b
Read MoreFM Non-committal on Stimulus
Finance minister Arun Jaitley said the economic imperative before the government was balancing the need to revive growth through spending and curbing
Read MorePaperless agri-commodity trading to be launched next week
Paperless trading of agricultural commodities will soon become a reality. Come Tuesday, the Warehousing Development and Regulatory Authority (WDRA) wi
Read MoreIndia, US take stock of issues at Trade Policy Forum
Senior officials of India and the US today took stock of bilateral trade issues in run-up to the Trade Policy Forum (TPF) meeting likely to be held ne
Read MoreIrdai scouts for private equity investment in insurance firms
Insurance Regulatory and Development Authority of India (Irdai) is looking into the area of private equity firms investing in insurance companies and
Read MoreTo boost growth, Centre mulls this 2-pronged strategy to power up exports
Amid talks of stimulus for certain sectors, including trade, to prop up growth, the government is considering adopting a two-pronged strategy to achie
Read MoreWill work expeditiously to resolve stressed assets issue: FM
Capital-depleting bad assets are the "core area of concern" and government "stands one" with the banking system in difficult times, Finance Minister A
Read MoreTheresa May Urges EU to Retain Trade Terms for Two Years After Brexit
In a landmark speech in Florence, Theresa May said she would like trade terms with the EU to remain as they are until 2021. Allie Renison, Head of Eur
Read MoreSpiceJet, Cleartrip team up with Google Flights for live ticket prices, destinations
Budget carrier SpiceJet and online travel solutions provider Cleartrip have teamed up with Google Flights to help air travellers explore possible dest
Read MoreCompanies can have only two layers of subsidiaries, says govt
Corporates can have only two layers of subsidiaries under the companies law, with the government putting in place stricter norms as it continues with
Read MoreRural Electrification Corp Gets Shareholders' Nod To Raise Rs. 65,000 Crore Via Bonds
State-run Rural Electrification Corp has received shareholders' approval to raise up to Rs. 65,000 crore via bonds over the next one year.The special
Read MoreState transport undertakings want bus OEMs to share spare parts specifications
To ensure speedy availability of good quality parts, the Association of State Road Transport Undertakings (ASRTU) wants original equipment manufacture
Read MoreIRDAI looking at allowing PE firms to buy stakes in insurance companies
The Insurance Regulatory Development Authority of India (IRDAI) is examining the possibility of allowing private equity (PE) firms to buy stake in ins
Read MoreYamaha to invest Rs 200 cr to ramp up production at Chennai plant
Japanese two-wheeler manufacturer Yamaha will invest more than Rs 200 crore for its expansion plans that would take the total investment in the Chenna
Read MoreDeepak Nitrite eyes $1 b revenues in 3 years with Rs.1,400-cr phenol project in Gujarat
Chemicals major Deepak Nitrite has set an ambitious target to achieve $1 billion turnover in the next three to four years, with its upcoming RS.1,400-
Read MoreGovt will help strengthen the banking system, says Jaitley
Flagging increasing stressed assets as a core area of concern, Finance Minister Arun Jaitley on Friday said the government will expeditiously work wit
Read MoreGovt notifies new duty drawback rates from 1 October
The government on Friday came out with modified duty drawback rates for exporters, evoking sharp reaction from the apparel industry which will witness
Read MoreIndia's forex reserves up by $1,782.5 million
India's foreign exchange (forex) reserves increased by $1,782.5 million as on September 15, according to data released by the Reserve Bank of India on
Read MoreDrop in cost puts telcos on path of recasting business strategy
How much data does a voice call of 400 minutes, the average monthly usage per subscriber in the country, consume? Well, it is only 40 MB (megabytes).
Read MoreSteel imports surge 16% in FY18
After a year?s respite, steel imports increased 15.9 per cent to 3.4 million tonnes (mt) during April-August as compared to the corresponding period l
Read MoreNarendra Modi likely to announce big-bang economic package on Monday
Prime Minister Narendra Modi is likely to announce some big-ticket measures on Monday ? also the birth centenary of Sangh Parivar icon Deendayal Upadh
Read MorePeugeot may invest Rs 7,000 crore in Tamil Nadu plant
European automobile major PSA Peugeot is expected to sign a memorandum of understanding with the Tamil Nadu government that will see investment worth
Read MoreOnly Rs 12,000-cr credit claims valid
The government on Friday said only Rs 12,000 crore of the Rs 65,000 crore of input tax credit claimed by assessees for the pre-GST stocks were valid.T
Read MoreWhen will exporters get refunds on GSTR-1? Here is a critical step required to be taken first
The finance ministry on Friday said the government was devising a method to ensure that exporters receive refunds only after filing GSTR-1. However, i
Read MoreEuro zone businesses race ahead, point to strong growth
Euro zone private businesses ended the third quarter growing much more strongly than predicted, bolstered by manufacturers, according to a survey whic
Read MoreNMDC plans Rs 3,000-crore capex
Expecting better market conditions, NMDC has planned a capex of Rs 3,000 crore with a 20% growth in turnover for FY18. With the steel industry coming
Read MoreOil prices steady as OPEC ministers discuss supply cut pact
Oil prices were steady on Friday, as investors waited to see whether major producers meeting in Vienna would back an extension to output cuts beyond M
Read MoreAfter offloading $2 bn worth stocks in August, FPIs sell $1.11 bn in September
Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $1.11 billion in September, after offloading stocks worth nearly $2 billio
Read MoreLending rate cuts key to economic recovery
Lending rate cuts are the only viable way to economic recovery as they would perk up demand and push investments, a report has said.The report said th
Read MoreRBI may revise down GVA growth forecast, keep rates on hold
The Reserve Bank is expected to revise down its GVA growth projection for this financial year at its upcoming meet on October 4, but policy rates are
Read MoreFPIs bid aggresively for corp bond limits
Yield-hungry foreign portfolio investors (FPIs) are leaving no stones unturned in lapping up the investment limits available for corporate bonds in In
Read MoreBig relief for consumers: Prices of FMCG products falling after GST rollout
Prices are falling in the FMCG segment a month-and-a-half after the roll out of the GST. A host of consumer majors, including Hindustan Unilever and I
Read MoreInvestment in realty sector at USD 5 bn so far this yr: KPMG
Institutional investors have put in USD 5 billion so far this year into the real estate sector, largely in commercial assets, according to KPMG."USD 5
Read MoreGovt?s housing scheme subsidy for middle class extended till March 2019
With an eye on the 2019 Lok Sabha election, the Centre on Friday decided to extend interest subsidy of Rs2.60 lakh on home loans for the Middle Income
Read MoreFiscal concerns, North Korea fear pull Sensex 448 points down
The BSE Sensex on Friday plunged 447.60 points as the government?s reported plan for Rs 40,000-50,000 crore stimulus spending to revive the slowing ec
Read MoreUber denied London licence in shock move that bans cars from city's streets
Uber launched an unprecedented attack on Transport for London, accusing the transport body of bending to minority interests and closing the door on hi
Read MoreNarendra Modi government spices up masala bonds, raises limit
The Reserve Bank of India (RBI) on Friday allowed additional regulated room for foreign portfolio investors (FPIs) into corporate bonds, a move that c
Read MoreMay invest Rs 450 crore in FY18 on launches, BS VI upgrade: Vinod Aggarwal
The medium and heavy commercial vehicles (M&HCV) segment was perhaps the biggest casualty of policy decisions such as demonetisation and GST implement
Read MoreIndia to account for 5% of global rugged devices revenue: Panasonic
Japanese tech major Panasonic today said it expects India to account for five per cent of its global revenues in the niche ?rugged devices? segment ov
Read MoreIndiGo's Parent InterGlobe Aviation Raises Rs. 3,795 Crore
IndiGo's parent InterGlobe Aviation has raised nearly Rs. 3,795 crore by selling shares to institutional investors, according to a regulatory filing.F
Read MoreNotice to Airtel for opening Payments Bank
The UIDAI has slapped notices on Bharti Airtel and Airtel Payments Bank over its retailers allegedly opening payments bank accounts without taking "in
Read MoreIndian Bank raises Rs 2K cr for infra, affordable home loans
Public sector lender Indian Bank today said it has raised Rs 2,000 crore to finance infrastructure and affordable housing. The amount raised through i
Read MoreInvestors betting on electric cars send millions into lithium ETF
Investors are betting on a surge in electric car sales after indications that China, the world's largest market for the vehicles, may soon wind down p
Read MoreVenture fundraising in yuan soars as investors target Chinese tech firms
China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets,
Read MoreIMF says Bank of Japan should maintain massive stimulus
The Bank of Japan should maintain its massive monetary stimulus and enhance its communication of how it expects to achieve its 2 percent inflation tar
Read MoreEuro zone businesses end the third quarter on a high note
Euro zone private businesses ended the third quarter with much stronger growth than predicted, bolstered by manufacturers, who had their best month si
Read MoreS&P says downgraded China as credit growth still too fast
China?s attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global
Read MoreModi?s economic booster may not need to stretch fiscal deficit; here?s what could come to the aid
India?s GDP numbers have hit a three-year low and the government is reportedly planning to loosen the fiscal deficit target, but Deutsche Bank has a d
Read MoreGovernment extends low-cost home subsidy to units built on private land
The Centre today announced a new PPP policy to boost private investment in affordable housing that allows extending Central funds of up to Rs 2.50 lak
Read MoreIndia considering $7.7 billion stimulus spending in 2017/18: Government
The ailing Indian economy may just get a lifeline from the government. A day after Finance Minister Arun Jaitley hinted that the government may look a
Read MoreGST: Centre, states to divide taxpayer base
The Goods and Services Tax (GST) Council has put in place an elaborate framework for division of taxpayers between the state and central tax authoriti
Read MoreOdisha may lower SGST to attract industry
The Odisha government is considering incentives on the State Goods and Services Tax (SGST) component to encourage setting up of manufacturing centres.
Read MoreIndian economy to grow 6.7% in 2017-18, says OECD
Indian economy is projected to grow at a lower than expected rate of 6.7% this fiscal due to the ?transitory effects? of demonetisation and the goods
Read More$15-b investments in smart cities
The Government?s 100 smart cities mission seeks to invest over $15 billion in the next few years to build efficient and effective city management solu
Read MoreEisai India?s expansion project to be ready by Oct-end
The capacity expansion of Active Pharmaceutical Ingredients (APIs) plant of Eisai Pharmaceuticals India will be ready by end of October, according to
Read MoreSEBI removes wall between stock, commodity brokers
Providing a major fillip to the ease of doing business, commodity and capital market regulator SEBI on Thursday paved the way for integration of stock
Read MorePrivate banks share in advances to hit 38-40% by FY20: ICRA
The market share of private sector lenders in the banking sector advances is expected to increase to an estimated 38-40 per cent by 2019-20, says a re
Read MoreGold slips to 4-week low
Gold fell nearly one per cent to its lowest in almost four weeks on Thursday, shrugging off further weakness in the dollar, after the Federal Reserve
Read MoreGujarat expects textile policy extension to attract Rs 5,000 cr
The Gujarat government's decision to extend its textile policy by a year is set, it believes, to attract Rs 5,000 crore of more investment in sectors
Read MoreUK willing to pay 20 billion euros for Brexit transition for single market access: BBC
Prime Minister Theresa May will say on Friday Britain is willing to pay 20 billion euros ($24 billion) to the European Union during a post-Brexit tran
Read MoreWorld trade likely to grow at 3.6% in 2017
World trade in goods is estimated to grow 3.6 per cent in 2017 compared with the 1.6 per cent increase in 2016, according to the revised estimates cir
Read MoreFlipkart eyes 70% share of India?s e-commerce market
India?s largest e-commerce marketplace, Flipkart, is looking to extend its lead over rival Amazon during this festive season and is targeting a share
Read MoreSebi allows bourses to conduct forensic audit
The Securities and Exchange Board of India (Sebi) has empowered stock exchanges to conduct forensic audits on listed companies which seem dubious, bei
Read MoreStimulus package funding: Govt weighs fiscal push for growth
The government is considering increased spending in order to revive the economy and is open to allowing the fiscal deficit to widen beyond its target
Read MoreCRH buys Ash Grove Cement for US$3.5bn
Ireland?s CRH has agreed to buy Ash Grove Cement for US$3.5bn. The American cement producer operates eight cement plants across eight US states, combi
Read MoreGoogle buys 2,000 HTC employees for $1.1 billion to get instant smartphone chops
Nearly four years after selling Motorola off to Lenovo, Google is buying into yet another longtime Android partner, HTC. But instead of purchasing the
Read MoreGeneral insurers? gross direct premium grows 32 pct in August
General insurance companies registered 32% growth in gross direct premium underwritten to Rs 11,931.02 crore in August, according to Insurance Regulat
Read MoreFinancial inclusion providing full range of banking services: SBI chief
India has taken a series of steps to ensure the common man has access to financial services, SBI Chairman Arundhati Bhattacharya said as she called fo
Read MoreTata Sons shareholders back move to become a private
Shareholders of Tata Sons Ltd on Thursday voted in favour of the Tata group holding firm becoming a private company in the first annual general meetin
Read MoreOver 30 lakh paid tax in August, matching July trend
While the number of businesses registered for the goods and services tax (GST) has crossed 90 lakh, much higher than tax base in the previous regime,
Read MoreLoan marketplace Rubique targetting 250 pct growth in disbursement, 300 pct in revenue says MD and CEO Manav Jeet
Having disbursed loans worth Rs 1,000 crore in FY17, loan marketplace Rubique recently launched a mobile app to ease access to its platform. The compa
Read MoreBayer sees delays, expects to close $66 billion Monsanto deal by early 2018
German drug and agrochemicals major Bayer expects to close acquisition of Monsanto by early 2018 as the talks with regulators around the world and oth
Read MoreWest Bengal gets $300 mn ADB loan to carry forward fiscal reforms
Multilateral funding agency ADB today said it has sanctioned a $300 million loan facility for carrying forward fiscal reforms in West Bengal. The boar
Read MoreLeaner Tata Steel Can Double Capacity In 5 Years: N Chandrasekaran
Tata Group Chairman N Chandrasekaran is hopeful that a deleveraged Tata Steel is better positioned to grow faster and double capacity over the next f
Read MoreE-tailers expected to touch GMV of Rs 10,000 crore in the 2017 festive season
The festive season of 2016 was a success for the e-tailing industry -- after a series of setbacks in the year -- and it set the tone for its steady gr
Read MoreGreece considers bond swap as looks to bailout exit
Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailo
Read MoreIndia growing pretty robustly: World Bank President Jim Kim
India has been growing "pretty robustly", World Bank President Jim Yong Kim has said as he predicted a strong global growth this year. Speaking at the
Read MoreGovernment announces new PPP policy for private investments in affordable housing
Taking its efforts to achieve ?Housing for All by 2022? further, the central government has announced a new public-private partnership (PPP) policy fo
Read MoreKYC cracker scares gold buyers, sales fall 50 per cent since last month
Gold sales have almost halved since late last month, as traders said tightened restrictions on anonymous cash-based purchases are keeping buyers away
Read MoreM&M to buy Turkish tractor firm for Rs 815 crore
The country?s biggest tractor maker Mahindra & Mahindra (M&M) will be acquiring Turkey?s fourth-largest tractor maker, Erkunt Trakt?r Sanayii and its
Read MoreToshiba to sell chip unit to Bain Capital for $18 bn
Japan's embattled Toshiba has chosen a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledg
Read MoreCoca-Cola banks on local products to boost double-digit growth
In a bid to revive its double-digit growth in the country, Coca-Cola is testing 20 products ? both aerated and non-aerated. It is also experimenting w
Read MoreFed keeps U.S. rates steady, to start portfolio drawdown in October
The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a r
Read MoreIndian investments into GCC touching $3 billion
India's share of total investments into the six-member Gulf Cooperation Council has risen from 4.7 per cent in 2011 to 16.2 per cent in 2016, accordin
Read MoreAdvance tax payout by top cos grows just 2% in Sept quarter
The advance tax paid by top Mumbai-based companies in the September quarter has gone up by just two per cent to Rs.30,200 crore against RS.29,600 cror
Read MoreAs China's wages rise, Bangladesh is newest stop for Japanese firms Bloomb
As wage hikes in China push away manufacturers, Japanese companies are on the hunt for cheaper production bases elsewhere in Asia.One country where th
Read MoreJapan exports surge at fastest in nearly four years on global demand
Japan exports surge at fastest in nearly four years on global demand.Booming shipments of cars and electronics in August drove up Japan's exports at t
Read MoreMaersk sells oil tankers to owner, opening door to Mitsui
A.P. Moller-Maersk (MAERSKb.CO) has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter
Read MoreEuro zone catches up with U.S. as global growth gets more in sync - OECD
Growth rates among the world?s major economies are synchronising at levels not seen in years as the euro zone catches up with United States, the OECD
Read MoreOil up 2 percent despite U.S. crude build; set for best Q3 since 2004
Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in
Read MoreAll P2P lending firms to be classified as NBFCs, says RBI
The Reserve Bank of India (RBI) on Wednesday said all non-bank players engaged in the business of peer-to-peer (P2P) lending would be classified as no
Read MoreFrance?s Energie ties up with Dubai?s Abraaj to build over 1000 MW wind power project in India
French utility giant Engie said on Wednesday it has partnered with Dubai-based Abraaj Group to build more than 1,000 MW of wind power projects in Indi
Read MoreBig-ticket PE investments take Jan-Aug deal tally to $13.8 bn
Private equity investment activity in the country improved in August following big- ticket transactions that drove the overall deal tally to as high a
Read MoreCar sales in India to grow by 9% in 2017: Moody?s
Car sales in India are expected to grow by 9% this year riding on the back of goods and services tax (GST) regime as well as new product launches, Moo
Read MoreSouth Korea for widening FTA scope to boost trade, investments
South Korea on Wednesday called for broadening the scope of free trade agreement (FTA) with India for boosting two-way commerce and investments. South
Read MoreWind auction in Gujarat delayed, solar auction drops to Rs 2.65 a unit
Gujarat?s electricity board is waiting for the state electricity regulator?s approval to begin the reverse auction process for 500 MW of wind power. T
Read MoreForeign exchange earnings from tourism surge to Rs 13,922 cr in Aug '17
Foreign exchange earnings (FEEs) from tourism in the month of August this year were Rs 1,369 crore more than that during the same period last year, th
Read MoreONGC makes massive new discovery at Mumbai High; find may pep up production for years
State-run hydrocarbon explorer ONGC has found reserves to the west of its Mumbai High offshore fields, with initial estimates suggesting the new disco
Read MoreBranded foodgrains, flours to attract 5% levy under GST
The Finance Ministry on Wednesday clarified that all branded cereals, pulses and flours deemed to be a registered brand under any law in the country,
Read MoreBig debt relief for Indian company; deal to create Europe?s 2nd largest steel company after ArcelorMittal
Tata Steel and Germany?s Thyssenkrupp on Wednesday signed an agreement to merge their European steel operations in a preliminary deal that would creat
Read MoreTDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
Publish Date : Wednesday, September 13, 2017
Larsen & Toubro bags Rs 1,700 crore crude oil pipeline contract in Kuwait
Engineering conglomerate Larsen & Toubro (L&T) today said it has won a Rs 1,700 crore contract in Kuwait for building a crude oil pipeline. ?L&T?s hyd
Read MoreReliance Industries Plans Major Expansion At World's Largest Oil Refinery Complex
Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 per cent by 20
Read MoreEgypt economy still recovering from 2011 uprising
An international credit rating agency says Egypt's economy has started to improve but has yet to recover from the 2011 uprising and the years of unres
Read MoreThe global economy is starting to create lose-lose situations
Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington, D.C., for the annual meetings of the
Read MoreIMF and World Bank members must stop rise of economic non-order
Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington DC for the annual meetings of the Inte
Read MoreSebi revokes ban on 114 entities, says no evidence of tax evasion
Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock
Read MoreGST a tectonic shift, takes India closer to 8% plus growth: World Bank
World Bank India chief Junaid Ahmad today described GST as a ?tectonic shift? in the country?s taxation policy which has increased the possibility of
Read MoreEconomic slowdown is real, not just technical: SBI Research
Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for mo
Read MoreGovernment may waive off interest, penalty on late filing of GSTR-3B: ET Now
Government might waive off interest and penalty on late filing of GSTR-3B for August in lieu of load on GSTN, ET Now has reported quoting sources. GST
Read MoreSingle GST rate on Oilcakes and Cottonseed oilcake
Cottonseed oilcake will attract Nil GST rate, while all other oilcakes will bear 5% GST, irrespective of their end use, informed Solvent Extractors As
Read MoreA defining feature of India's economy has just fallen prey to the beauty of GST
All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, an
Read MoreOil closes lower, edging off five-month highs
Oil closed lower for the first time in more than a week as traders awaited storage data that may show the longest expansion of U.S. crude inventories
Read MoreRBI may up FPI limit in corporate bonds by $7 b
The Reserve Bank of India may increase the investment limit for foreign portfolio investors in corporate bonds by $7 billion in OctoberMarch, raising
Read MoreFollow uniform method in publishing death claims paid, IRDAI tells life insurers
Life insures will now have to be transparent in projecting death claim settlements in advertisements.In a circular, the Insurance Regulatory and Devel
Read MoreNational Insurance eyeing 15-16% growth in premium this fiscal
State-run National Insurance Company (NIC) is looking to reduce its exposure to loss-making group health and motor businesses.According to K Sanath Ku
Read MorePE investment in realty to exceed $4 b in 2017: Knight Frank
Private equity investment in Indian real estate is estimated to exceed $4 billion this year, according to a report by Knight Frank India.Samantak Das,
Read MoreCanada Pension Funds may drive in Rs 4000 crore to India
Canada-based pension funds PSP Investments and Ontario Teachers? Pension Plan (OTPP) are in talks to invest Rs 4,000 crore in an investment platform c
Read MoreOver 1,400 flour mills face closure threat over GST levy on branded packs
Earlier, the GST Council had announced "nil" duty on loose and "registered but without trademark" branded packs, which prompted many registered tradem
Read MoreBitcoin's wild ride shows the truth: It is probably worth zero
Behind every bubble is a good idea bursting to get out, and bitcoin kind of looks like a good idea, at least if you squint a bit. A digital currency w
Read MoreChina Considers Opening Up to Foreign Electric Carmakers
China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision o
Read MoreJSW Steel looks for partners in Bhushan Steel bid
Sajjan Jindal-led JSW Steel is in talks with multiple investors for its proposed Bhushan Steel bid. Discussions are on with Piramal-Bain Fund, JFE Ste
Read MoreRecord average deal size lights up IPO Street
The average initial public offering (IPO) size so far this year has been the highest in the history of the domestic market aided by big-ticket offerin
Read MoreThe curious case of Synergies Dooray & its implications on insolvency code
Is there a loophole in the Insolvency and Bankruptcy Code (IBC), 2016, that creates room for promoters to exercise control over the committee of credi
Read MoreFast-track GST refund, else Rs 65,000 crore may get stuck: Exporters tell government
The fear of liquidity crunch stemming from the delay in refund process under the GST regime dominated Tuesday?s meeting held by the Committee on Expor
Read MoreGoyal promises smooth coal supply to power plants by early October
Coal Minister Piyush Goyal on Tuesday said that his ministry is taking steps to ensure smooth coal supplies to power stations that will be stabilised
Read MoreSebi slaps Rs 31 lakh fine on 3 entities for disclosure lapses
Markets regulator Sebi today imposed a total penalty of Rs 31 lakh on three entities for disclosure lapses with regard to trading in the shares of Pro
Read MoreWorld's Biggest Wealth Fund Hits $1 Trillion Value For First Time
Norway's sovereign wealth fund, the largest in the world, today reached the value of $1 trillion for the first time, the Norwegian central bank, which
Read MoreMicrofinance firms to cap loans at Rs 60,000 per borrower
Microfinance institutions (MFIs) will not lend more than Rs 60,000 per customer and cap the number of lenders to three under Joint Liability Group mod
Read MoreIndiGo breatheseasy as P&W delivers 2 Neo engines for A320s
American engine-maker Pratt & Whitney has started supplying new engines to its largest customer in the country, IndiGo, helping it put back into opera
Read MoreNPA-laden PSBs crimp advance tax mop-up at 10.6%
A steep fall in advance tax payouts by bad loan-saddled state-run banks has led to a muted 10.6 per cent growth in overall revenue mop-up from large c
Read MoreCBDT proposes self-reporting for advance tax payment: All you need to know
The central board of direct taxes (CBDT) has proposed a self-reporting mechanism for reporting estimates of current income, tax payments and advance t
Read MoreTata Sons ups stake in Tata Motors, Tata Chem, TGBL
Tata Sons today raised stakes in three group firms -- Tata Motors, Tata Chemicals and TGBL -- buying shares worth over Rs 3,200 crore.Tata Sons has be
Read MoreWalmart India plans to enter non-food retail business, evaluates options
Walmart India is gung-ho about foraying into non-food retail if the government relaxes the law, said Krish Iyer, president and chief executive officer
Read MoreMaruti car market share nears 60%, reaches 15-year high
Buoyed by its new launches like the Baleno and Dzire, Maruti Suzuki?s market share in the car segment has touched a 15-year high of 57% during the Apr
Read MoreNotification No.45/2017-Customs (ADD)
Seeks to exempt goods imported for organising FIFA under 17, world cup, 2017.
Read MoreNotification No.87/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.
Read MoreNotification No.86/2017 Customs (N.T.)
Amendment to notification no 82/2017-Cus (N.T.) dt 24.08.2017 and notification no 85/2017-Cus (N.T.) dt 07.09.2017
Read MoreNotification No. 76 /2017 Customs
Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
Read MoreNotification No.RBI/2017-18/58
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/57
Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
Read MoreNotification No.RBI/2017-18/56
Inclusion of ?Emirates NBD Bank (P.J.S.C)? in the Second Schedule to the Reserve Bank of India Act, 1934
Read More160 companies to get notices on transitional GST credits
Several Indian companies, including some large entities, may start receiving notices from Monday on transitional tax credits in the run-up to the intr
Read More'Normalisation of India-Denmark relations to boost trade ties'
Copenhagen, Normalisation of India-Denmark relations, that got a push with the launch of a direct flight between New Delhi and Copenhagen, will boost
Read MoreBahrain economic growth in 2017 ahead of forecasts
Economic growth in Bahrain this year is ahead of forecasts as the tailwinds felt from subsidy reforms, business friendly legislation and the impact of
Read MoreS. Korea to assure credibility of economy during NY summit
Finance Minister Kim Dong-yeon is scheduled to meet with foreign investors in New York on Wednesday (local time) and intends to reassure the internati
Read MoreFrance should vigorously defend its euro zone reform proposals
Anybody investing in euro-denominated assets should know that the currency's future, just as was the case with its origin, crucially depends on a Fren
Read MoreMFs? assets cross RS.20 lakh cr
The highest ever inflow of RS.20,362 crore in equity-oriented schemes of mutual funds has pushed the industry?s asset under management to Rs.20.59 lak
Read MoreGovt may cut spending as tax inflows fall
The government could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish
Read MoreFDI likely to rise further after GST: Moody?s
India is likely see increased foreign direct investment (FDI) inflows on the back of reforms such as introduction of the goods and services tax and th
Read MoreTata Group to take on Bigbasket and Amazon in online grocery retail
Tata Group is venturing into online grocery business under Starquik brand, taking on Amazon and Bigbasket in a nascent yet rapidly growing market. A
Read MoreDomestic air passenger traffic up 15.6% in August
Domestic airlines flew 96.90 lakh passengers in August registering a 15.6 per cent growth, over 83.81 lakh passengers flown during the same period in
Read MoreIndia?s current account deficit likely at 1.5% of GDP in 2017: Nomura
India?s current account deficit is expected to widen to 1.5% of GDP in 2017, from 0.6% in 2016, but net capital flows are expected to more than fund
Read MoreIs rupee depreciation a good idea to perk up economy?
Given the resource crunch of the Centre and the states as well as the limitations of monetary policy tools, depreciating the rupee against the dollar
Read MoreCompanies need to furnish new staff details online to EPFO from Oct
The formal sector employers will be required to intimate about the details of their new employees online to retirement fund body EPFO from October 1,
Read MoreSuperpower India to Replace China as Growth Engine
India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according t
Read MoreChina PBOC to Draft Package for Financial Market Opening
China?s central bank is drafting a package of reforms which would give foreign investors greater access to the nation?s financial services industry, a
Read MoreSlack valued at $5.1 billion after new funding led by SoftBank
Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp (9984.T) and other investors in its latest funding round,
Read MoreNokia expects Q3 gains after LG patent ruling
Nokia expects to gain additional revenue, starting with the current quarter, after a ruling was reached on smartphone patent payments from South Korea
Read MoreTeva Pharmaceutical sells women's health business for $1.38bn
Teva Pharmaceutical has entered into two agreements to sell the remaining assets of its specialty global women's health business for $1.38bn.Proceeds
Read MoreNorthrop Bulks Up Missile Business on $7.8 Billion Orbital Deal
Northrop Grumman Corp.?s $7.8 billion purchase of Orbital ATK Inc. will expand its space and missile businesses just as the U.S. steps up efforts to d
Read MoreIndia Four-Month Cement Slump Seen Ending on Roads, Houses Spend
India?s ambitious plans for housing and infrastructure construction may end a slump in cement prices.Prices are expected to rise as much as 5 percent
Read MoreCIL boosts supplies to thermal power plants
Coal India on Monday said it has stepped up supplies to support thermal power units, which were facing coal crunch. In August, the country had faced e
Read More600 kg gold imported from Indonesia in only 2 months; govt mulls curbs
Worried over a surge in gold imports from Indonesia that crossed 600 kg in the last two months, the government is considering ways to check the increa
Read MoreStock markets fight back foreign portfolio investors? exit impact
Ever since investment limits in corporate bonds began to be allotted to foreign portfolio investors (FPIs) on auction basis, foreign investments in st
Read MorePE/VC investments, exits at record high of $5.4 bn in Aug 2017: EY
Private equity and venture capital (PE/VC) investments rose in August by 5.4 times over the amount in August 2016, to $5.4 billion (Rs 34,600 crore),
Read MorePE investments in Indian realty to top $4 billion in 2017, set new milestone: Knight Frank
Private equity investment into Indian real estate in 2017 is about to set a new milestone as it is estimated to exceed $4 billion this year, well past
Read MoreSupreme Court Refuses To Lift Stay On RERA Cases Against Jaypee Infratech
The Supreme Court of India on Monday refused to lift the stay on initiating proceedings against Jaypee Infratech Ltd. and its parent Jaypee Associates
Read MoreJust ahead of Big Billion Days sale, Flipkart India secures Rs 1000 cr loan
Despite Flipkart having cash reserves of $4 billion on its balance sheet, its wholesale cash and carry arm Flipkart India has taken loan of Rs 1,000 c
Read MoreBig move in renewable energy space, Piramal group infuses Rs 1800 cr in Mytrah Energy
Renewable power producer Mytrah Energy has raised Rs 1,800 crore from Piramal Group?s financial services companies. These funds are being invested in
Read MoreLenskart cuts losses by 12 pct to Rs 100 cr, CEO Peeyush Bansal says revenue up 3x at Rs 290 cr
Better engagement with customers and domestic manufacturing of lenses and frames have enabled eyewear brand Lenskart to trim its losses by 12% to Rs 1
Read MoreWith Rs 1.56 lakh cr stuck in litigation, CBEC orders officers to target Rs 10 cr and above cases, deliver quick solutions
With legal cases piling up and blocking revenue flow, the Central Board of Excise and Customs (CBEC) has urged its field formations across the country
Read MoreLaw Min okays draft bill on fugitive economic offenders
The law ministry has given its concurrence to a draft bill that will give powers to the government to confiscate property of economic offenders and de
Read MoreM&M partners Ford in drive for e-cars
Homegrown utility vehicle major Mahindra & Mahindra (M&M) and Ford have decided to collaborate again, after a 1995 tie-up to facilitate the American c
Read MoreCentre boosts digital payments, wants RBI to hike MDR on debit card transactions to Rs 200
In a move to encourage digital transactions, the government has proposed that the Reserve Bank of India (RBI) cap the merchant discount rate (MDR) on
Read MoreBuhari government must reboot economy
RECENT developments portend scant optimism for Nigeria achieving significant economic recovery very soon. A report of second quarter growth of 0.55 pe
Read MoreAustralian businesses confident about Chinese economy in next five years
Under the great leadership of the Chinese government, Australian businesses are very confident about the Chinese economy in the next five years, Bob B
Read MoreExport growth faces real test from Sept
Despite August export figures jumping by 10.3 per cent year-on-year and the country completing 12 straight months of export growth, exporters and econ
Read MoreJurisdiction-free I-T assessment on the cards
To check corruption and harassment, the tax department will soon launch a pilot of "jurisdiction-free assessment" where a tax officer will not get to
Read MoreCurrent account deficit seen at 1.2-1.3 per cent of GDP in FY18: ICRA
India?s current account deficit (CAD), which widened to a four-year high in April-June, is likely to touch USD 30-32 billion, or 1.2-1.3 per cent of G
Read MoreThe cost of $400-billion forex reserves
India?s foreign exchange reserves at over $400 billion look great. But the portfolio flow-driven accumulation comes with a set of uncertainties and ch
Read MoreUS open to climate pact, if conditions right
The US is open to staying in the Paris climate accord if it can find the right conditions, Secretary of State Rex Tillerson said.The top diplomat?s co
Read MoreGST to change Budget structure
The 2018-19 Union Budget, the first one since the implementation of the goods and service tax (GST), could have a markedly altered structure than the
Read MoreFlipkart offers personalised experience for festive sale
Flipkart has said it would start offering personalisation to its customers, targeting them with specific products and solutions, as it looks to trebl
Read MoreDrug makers dial foreign regulators on quality issues
Domestic pharmaceutical companies have decided to step up collaboration with foreign drug regulators, with compliance issues at factories here continu
Read MoreFinancials hit a new high in India
Lending and borrowing money is now India?s fastest-growing segment, and the successful industry and lenders are the latest darlings of equity investor
Read MoreChina's Fosun Pharma to buy smaller stake in Indian pharma firm
Shanghai Fosun Pharmaceutical Group has agreed to cut the size of the stake it will buy in India?s Gland Pharma to 74 percent, the Chinese drugmaker s
Read More?GSTN technical glitches will be resolved by Oct-end?
The head of the Group of Ministers (GoM) tasked to look into Goods and Services Network?s (GSTN) technical problems, which has impacted the filing of
Read MoreSBI Card plans to double credit card customers in 2-3 years
SBI Card, the joint venture between State Bank of India and GE Capital, is looking to double its credit card acquisition and improve its market share
Read MoreSBI may raise PCR to 67%
State Bank of India is looking to increase its provision coverage ratio (PCR) to 66-67 per cent by early FY19.According to Rajnish Kumar, Managing Dir
Read MoreBank of India mulling merger, says CEO
The board of Bank of India is examining the possibility of merger with other banks, based on the synergy in business. According Dinabandhu Mohapatra,
Read MorePower sector feels burden of ?stranded? input credit
The power sector is in a fix because of the build-up of stranded input credit, which are adding to the costs of setting up infrastructure for power ge
Read MoreGST Council may consider 3-month rate freeze
The GST Council may freeze tax rates for three months, given that the IT system is under challenge on account of frequent changes in rates.The rate fr
Read MoreRecent low inflation means you pay more capital gains tax
Prices rising at a slower rate should be good news. But not if you have earned long-term capital gains. The consistent decline in inflation in the pas
Read MoreHPCL plans to invest Rs 61,000 crore in 5 years
State-owned oil marketer HPCL is planning to invest Rs 61,000 crore over the next five years to scale up its business operations to tap the huge energ
Read MoreSuresh Prabhu may seek investment pledge from 30 Indian companies
Commerce and Industry minister Suresh Prabhu will soon meet the country?s top industrialists individually to seek an investment commitment from each o
Read MoreGold may be kept out of future trade pacts
A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the ye
Read MoreI-T department goes after defunct companies for tax frauds
The tax office is reopening old records of many companies that have wound up and no longer exist in the books of the government ? something the revenu
Read MoreTelecom war being fought over quality and new services
Competition in India?s telecom industry is entering a new phase with top players increasingly betting on quality of service and new targeted offerings
Read MoreGovernment to sell its properties leased to Air India
The government has decided to sell some of Air India?s real estate directly to expedite the state-owned carrier?s divestment. This follows the discove
Read MoreDaiichi challenges Religare?s move to write off Rs 500 crore
In a new twist to Religare?s tussle with lenders and institutional shareholders, Japanese drugmaker Daiichi Sankyo has approached the Delhi High Court
Read MoreGratuity for employees raised to Rs 20 lakh; here is how you will benefit
The Centre has approved an amendment bill that seeks to increase the maximum limit of gratuity for private and public sector employees from `10 lakh t
Read MoreTata Motors bets on Nexon for bigger share of utility market
Automotive major Tata Motors is bullish on its first compact SUV 'Nexon' to scale up its ranking in the overall utility vehicles market.Nexon is sche
Read MoreGovernment may raise over Rs 15K cr from IPO of 2 PSU general insurers
Initial public offering of the two state-owned general insurance companies is likely to yield over Rs 15,000 crore to the exchequer, said merchant ban
Read MoreToshiba aims to finalize deal with Bain at Sept. 20 meeting
Toshiba Corp. is aiming to finalize a deal to sell its memory chips business to a group led by Bain Capital at a Sept. 20 board meeting, despite oppos
Read MoreU.K. Companies Urge May to Seek Three-Year Brexit Transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time w
Read MoreSEBI plans to allow REITs, InvITs to raise funds via bonds
Aiming to make REITs and InvITs more attractive to investors, markets regulator SEBI plans to relax norms to allow these trusts to raise funds by issu
Read MoreSmall traders can opt for GST composition scheme till 30 September
The GST (goods and services tax) Network, or GSTN, the company that processes GST returns, on Sunday offered two more weeks for small traders who miss
Read MoreDon't exploit country, keep price below Rs 40k a tonne: Govt to steel firms
The government has asked steelmakers to make efforts to keep prices below Rs 40,000 per tonne as it cannot permit them to "exploit the country"."The b
Read MoreWind power units fail to find outlets, crisis situation brewing; what you should know
Independent wind power producers, especially those in wind-rich areas, are stuck in a logjam, as they are unable to find channels to evacuate power fr
Read MorePeer to peer lender Faircent expects to break even in next 3-4 years, reveals CEO Rajat Gandhi
Peer-to-peer lender Faircent is looking to on-board institutions on its platform and has already started with a few small non-banking financial compan
Read MoreWhy Tata Sons decision to change legal status is not healthy
After being at the center of a glaring, and often unkind, media spotlight over the past year, the holding company of India?s $105 billion salt-to-soft
Read MoreGoldman Sachs Arm Sells Stake In Max Financial For Rs. 665 Crore
Goldman Sachs' subsidiary Xenok Ltd today sold over 1.10 crore shares of Max Financial Services Ltd (MFSL) for nearly Rs. 665 crore through open marke
Read MoreHPCL Prepares Rs. 7,110 Crore Business Growth Investment Plans In FY18
State-owned oil marketer HPCL has drawn up investment plans of Rs. 7110 crore for business growth in the current fiscal.The company, which is being me
Read MoreJapan's Suzuki to invest another Rs 3,800 crore for third car plant in Gujarat
Japan's Suzuki Motor Corp on Thursday announced fresh investments of around Rs 3,800 crore in Gujarat to set up a third car production plant. The comp
Read MoreBaba Ramdev's Patanjali to enter dairy, apparel business this year
After announcing the launch of its packaged drinking water 'Divya Jal', Baba Ramdev's Patanjali Ayurved Ltd is expected to enter $70 billion dairy sec
Read MoreIn the Philippines, infrastructure program could grant businesses 'manna from heaven'
Consumer confidence is solid in the Philippines, infrastructure next: CEO 11:39 PM ET Thu, 14 Sept 2017 | 01:51 Philippine President Rodrigo Duterte
Read MoreTax cuts quiet once-deafening GOP call for fiscal discipline
Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama was in the White House. Now, with Republican President Don
Read MorePound hits highest since Brexit vote on rate rise speech
Gertjan Vlieghe, who has previously argued against a rate rise, said the "moment is approaching" when interest rates might need to go up.The Bank kept
Read MoreIcahn Eyes $1.5 Billion in Possible Fel-Pro Sale
Carl Icahn?s Federal-Mogul Holdings LLC is considering a sale of its Fel-Pro engine parts business, seeking about $1.5 billion if it pursues a deal, p
Read MoreHurricane Harvey slams U.S. retail sales, industrial output
U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, sugge
Read MoreBeijing cryptocurrency exchanges told to announce trading halt
Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a wid
Read MoreExcessive protectionism hurting steel users: SUFI
Excessive protectionism in the country?s steel manufacturing industry is hurting the user segment and affecting quality of products as well as growth
Read MoreOil near five-month high in most bullish week since July
Brent oil prices held near five-month highs on Friday and were on track for the biggest weekly gain since late July, on forecasts for rising demand an
Read MoreCoal imports decline 24% in August, auction looms
Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ah
Read MoreAfter Income-Tax dept raids 7 traders, India?s biggest onion market shuts down
The woes of Maharashtra?s onion sector do not seem to end. Almost all the 14 agriculture produce market committees (APMCs) in Nashik, including Lasalg
Read MoreSEBI To Streamline Internal Mechanism For Enforcement Actions
To reduce the high pendency of cases, SEBI plans to expedite settlement proceedings and streamline its internal mechanism to better decide whether the
Read MoreIndia's forex reserves cross $400 billion
India?s foreign exchange reserves crossed the $400-billion mark last week, data released with a lag of seven days by the Reserve Bank of India (RBI) s
Read MoreNumber of private projects with sanctioned loans rises 58%
The number of private sector projects to which banks and financial institutions (FIs) sanctioned loans rose 58% year-on-year (y-o-y) in FY17, accordin
Read MoreZomato valuation hiked to $1.4 bn by Nomura; increase based on last fund exercise
Equity research firm Nomura Financial Advisory and Securities India on Friday raised online restaurant discovery and food delivery firm Zomato?s valua
Read MoreCEA Arvind Subramanian briefs PM Modi on current state of economy, petrol, diesel price hikes
Amid slowing growth and rising inflation, chief economic adviser (CEA) Arvind Subramanian on Friday met Prime Minister Narendra Modi to brief him on t
Read MoreGovt mulling raising money from market for urban schemes, says Hardeep Singh Puri
The central government plans to mobilise funds from the market to finance its mega urban schemes including Housing for All and Smart City, Housing and
Read MoreBankruptcy board to register 100 more insolvency professionals to add to 940
The Insolvency and Bankruptcy Board of India (IBBI), which has so far registered 940 insolvency professionals (IPs), is in the process of granting reg
Read MoreExternal debt of India drops 2.7 pct to $471.9 bn, records first such drop in 5 years
India?s external debt stock dropped 2.7%, or $13.1 billion, to $ 471.9 billion at the end of March from a year ago, recording the first such drop in a
Read MoreExports rise 10.29% in Aug; trade deficit swells to $11.64 bn
India's exports recorded a double digit growth of 10.29 per cent after a gap of three months to USD 23.81 billion in August, mainly on account of rise
Read MoreCAD in India soars to 3 year high of $14.3 bn, but still $11.4 bn added to reserves
India?s current account deficit (CAD) rose to three-year high of $14.3 billion or 2.4% of GDP in the first quarter of the current financial year. The
Read MoreTata feud with Mistry deepens with plan to change holding firm
Tata Group's feud with one of India's richest families deepened after the country's biggest conglomerate moved to change its holding company's legal
Read MoreTax authorities to scan transition credit claim of 162 cos
As many as 162 companies that have claimed GST transitional credit of over Rs. 1 crore are under the scanner of tax authorities who would verify wheth
Read More$ 500-m BioCity project soon in Andhra Pradesh
Thinking big and formulating big projects is nothing new to Andhra Pradesh Chief Minister, N Chandrababu Naidu. From the proposed world class capital
Read MoreBunker sales fall 90% post-GST
Ships are avoiding re-fuelling in India since July after an 18% Goods and Services Tax (GST) raised bunker (ship fuel) costs substantially, forcing ve
Read MoreSpecialists to conduct forensic audit of shell companies, says BSE chief
The Bombay Stock Exchange will conduct forensic audits on shell companies identified by market regulator SEBI, Ashishkumar Chauhan, MD & CEO of BSE, s
Read MoreCBEC plans strategy to bring more businesses in GST net
Tax officials are working out strategies to encourage more businesses to register for the Goods and Services Tax (GST) and further increase the taxpay
Read MoreEntry-level bike sales to see smart recovery; volumes up
After muted sales, the motorcycle segment is witnessing a smart recovery with double-digit growth aided by a revival of demand in the entry-bike segme
Read MoreBitcoin-rupee swap dives, but investors unfazed
The bitcoin-rupee swap rate went into a free fall after regulators in China forced BTC China, one of the world's biggest exchanges for the digital cur
Read More?Electric is the future? for German car majors with 50 billion euros investments
With opposition to diesel gathering momentum, automobile makers in Germany, one of the biggest consumers of the fuel in Europe, are preparing to head
Read MorePrivate equity funds take ?double decker? route to escape tax here
Some private equity funds are experimenting with ways to circumvent the law on indirect transfer of shares by setting up two-tiered structures in coun
Read MoreIndia lifts ban on export of few varieties of pulses - govt statement
India, the world?s biggest producer of pulses, has allowed exports of a few varieties of pulses, a government statement said on Friday.They are red gr
Read MoreGST hits exporters' order book hard; 15% drop till October: FIEO
Two months after the roll out of the goods and services tax (GST) regime in July, the order books of exporters are said to have taken a hit with estim
Read MoreIndia?s external debt down 3% to $472 bn in FY17
India?s external debt came down by $13.1 billion or 2.7 per cent to $471.9 billion at the end of March this year on annual basis mainly due to decreas
Read MoreIncome Tax department?s Mumbai zone surpasses national average of revenue collection
Gross revenue collections by the Mumbai zone of the Income Tax department grew 13.17 per cent at Rs 1,03,837.6 crore, surpassing the national average
Read MoreMaharashtra can acquire portions of RIL, Indian Express buildings: Supreme Court
The Maharashtra government is empowered to acquire parts of two iconic buildings, housing the headquarters of India?s leading firm Reliance Industries
Read MoreGovt considering its own cryptocurrency
The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.Sources close to the development said that the pro
Read MoreUnited Nations Calls for a Global ?New Deal? for World Economy
The world economy, stunted by years of austerity and growing inequality, needs a global "New Deal", inspired by policies that helped Europe rebound af
Read MoreQatar 'uses $38bn to support economy' during Gulf crisis
The trade, tourism and banking sectors have been worst hit by the restrictions put in place since June by Saudi Arabia, the United Arab Emirates, Egyp
Read MoreGovernment may quit oil & gas management panels
The oil ministry is considering withdrawing from management committees of oil and gas fields, crucial bodies comprising nominees of the ministry, upst
Read MoreGerman Dry Docks looks to acquire Bharati Defence
German Dry Docks Group has approached the lenders of troubled Bharati Defence and Infrastructure (formerly Bharti Shipyard) for a possible acquisition
Read MoreFMCG Sales Pick Up Steam in July 12% growth in rural markets, 7% rise in F&B spur demand
Consumption of groceries and daily essentials picked up sharply in July, helped by pentup demand from traders after orders had been slashed in June an
Read MoreUniform Petro Tax may Not Remain a Pipe Dream
States have agreed to cap value-added tax (VAT) on natural gas at 5% and lower it on other petroleum products such as petrol and diesel used by the ma
Read MoreGoogle likely to launch payment app ?Tez? in India next week
Google India is all set to launch a new payment app called ?Tez? (Hindi for fast), as reported first on Thursday by news portal The Ken.The app will l
Read MoreBad loans to touch 10.5% by March as banks recognize entire stress, says Crisil
Crisil Ratings on Thursday said banks have only recognized two-thirds of their stressed loans as non-performing assets (NPAs), and estimated the bad l
Read MoreIndia, China unlikely to be growth poles for global economy: UNCTAD
The world economy in 2017 is picking up but not lifting off, and while growth in China and India remains relatively buoyant, it is still at a slower p
Read MoreIndia, Japan Ink 15 Agreements Including Aviation, Trade And Science
India and Japan on Wednesday signed 15 deals in key areas, including civil aviation, trade, science and technology, and skill development.The pact in
Read MoreRise in inflation likely to keep RBI key rate on hold: Morgan Stanley
The Reserve Bank of India (RBI) is likely to hold the key rate in the monetary policy review next month following a jump in inflation and is expected
Read MoreFY19 Budget likely on Feb 1, preparations begin
The finance ministry on Wednesday issued an official circular to begin the process of drafting the Union Budget for 2018-19.While no date was given as
Read MoreI-T dept to launch jurisdiction-free assessment from October
The assessment of taxpayers is set to become jurisdiction-free. Come October, the income tax (I-T) department will launch a pilot project of the new s
Read MoreCoal prices to stay firm on higher power demand
The prices of coal in the domestic market are unlikely to see any correction in the near future even as international thermal prices are expected to s
Read MoreFiscal concerns check slashing of excise duty on petrol, diesel
The finance ministry has ruled out excise duty cuts in petrol and diesel, given the Centre's need for money, despite rising retail prices of fuels.?We
Read MoreApple discussing $3-bn stake in Bain's Toshiba bid
Apple is playing the role of kingmaker in the contentious battle for Toshiba Corp?s memory chips business.The iPhone maker is in talks to provide abou
Read MoreSamsung ties robotic car dreams to Harman deal
South Korea?s Samsung Electronics plans to become a major player in autonomous driving, building on its recent $8-billion acquisition of audio and aut
Read MoreMcDonald's-Bakshi row: UK panel for fair valuation of JV
An international arbitration panel has directed appointment of experts to determine a fair value of the joint venture between McDonald's India and Vik
Read MoreTake a look at India's major imports and exports with Japan
Visiting for the second time in the National Democratic Alliance (NDA) government tenure, Japanese Prime Minister Shinzo Abe signed 15 agreements with
Read MoreCBDT asks I-T department to take urgent steps
With revenue collection from the TDS category witnessing a sluggish pace, the CBDT had asked the I-T department to pull up its socks and take "urgent"
Read MoreGDP to remain below 6% in Q2 FY?18: SBI
Country?s gross domestic product (GDP) is likely to remain below 6% in the second quarter of 2017-18 owing to muted agriculture growth and sluggish pe
Read MoreNeed more time to roll out 5G network: Telecom Secretary
The country needs more time to launch fifth generation technology (5G) in its telecom network, said Aruna Sundararajan, head of the Telecom Commission
Read MoreLower IUC will turn all telcos, barring Jio, sick
Warning that any move to lower the inter-connect usage charges (IUCs) would turn the entire telecom industry sick barring Reliance Jio, Aditya Birla G
Read MoreWPI inflation rises to four-month high of 3.24% in August
Double-digit inflation in petrol and diesel, along with skyrocketing tomato prices, pushed the Wholesale Price Index (WPI)-based inflation up to a fou
Read MoreIntas Pharmaceuticals to go for $4-billion deals in a month
Ahmedabad-based Intas Pharmaceuticals had emerged as the dark horse last October when it acquired the generic business of Actavis in the UK and Irelan
Read MoreTata Sons plans to go private limited
In a notice to its shareholders ahead of the annual general meeting (AGM) scheduled for September 21, Tata Sons has sought approval to amend its memor
Read MoreUS consumer prices accelerate in August
U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that could allow further monetary
Read MoreFitch expects fuel demand to remain strong at 5%
The strong demand for oil products will continue and may stay above 5 per cent in the medium term, driven by demand for three key items - petrol, dies
Read MoreGold retakes Rs 31,000 level on demand push, soars Rs 650
Gold today took strength from a positive trend overseas by surging Rs. 650 per 10 grams to seize the Rs. 31,000 level, driven up by fresh local buying
Read MoreFPIs sell equities worth $613 million so far in September
Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $613 million in September, after offloading stocks worth nearly $2 billion
Read MoreICICI Lombard raises Rs 1,625 cr from anchor investors
ICICI Lombard General Insurance Company raised about Rs 1,625 crore from 64 anchor investors on Thursday, a day before its initial public offering (IP
Read MoreNon-food bank credit grows 7.28 per cent
Non-food bank credit grew 7.28% year-on-year (y-o-y) during the fortnight ended September 1. The growth in non-food credit was at a five-month high of
Read MoreFitch Rating has negative outlook on banks, raises capital concerns
Fitch Rating today held out a negative outlook on the country?s banking sector, citing weak capital position and financial performance. The global rat
Read MoreDollar debt from India still apple of the eye for foreigners
For all the weak spots in India?s economy, investor love for the nation?s offshore bonds endures. Companies have sold $10.6 billion of dollar debt so
Read MoreGovt taking steps to check spot power rates: A K Bhalla
The government is taking steps to check spot prices of power that zoomed to over Rs 9 per unit yesterday following shortage of supply from hydro-power
Read MoreIncome-tax department, MCA team up against shell firms
The income tax (I-T) department and the Ministry of Corporate Affairs (MCA) have signed a pact to regularly share data, including PAN and audit report
Read MoreHC exempts export company from paying IGST for import
The Delhi High Court has allowed a private company to import goods to manufacture products for export, without paying the additional levy of the lates
Read MoreIndia?s forex reserves all set to hit whopping $400 bn mark; here is how long it took and why
India?s foreign exchange reserves have climbed tantalisingly close to the $400-billion mark ? to be precise, the reserves stood at $398.123 billion on
Read MoreChina?s economy losing some steam as investment growth hits 18-year low
China posted a rare flurry of disappointing data on Thursday -- including its slowest growth in investment in nearly 18 years -- suggesting the world?
Read MoreSuzuki commits Rs 3,800 cr for 3rd manufacturing unit in Gujarat
Upping its investments in India, Japan?s Suzuki Motor Corporation on Thursday announced fresh investments of around Rs 3,800 crore in Gujarat to add a
Read MoreHow Repeal of US Debt Ceiling May Actually Benefit Economy
The possible cancellation of the US national debt limit may benefit the country's economy and reduce the uncertainty and risk of default, but might si
Read MoreSir James Dyson expects no Brexit deal
Sir James, who founded the engineering firm Dyson, told the BBC such an arrangement would "hurt the Europeans more than the British". Brexit uncertain
Read MoreAsia has long relied on manufacturing for growth ? that's now under threat
The competitive edge for Asian economies ? many of which depend on low-cost labor and exports for growth ? will likely erode as technology changes the
Read MoreChina's reforms are actually kicking in
China's supply-side reforms appear to be working as the world's second-largest economy is showing positive signs, said Jing Ulrich, managing director
Read MoreExporters seek clarity on incentives under GST
Exporters say they're facing difficulties owing to ambiguity about benefits continuing under goods and services tax (GST) from the previous tax regime
Read MoreSpot Power Prices Rise to Three-Year Peak of Rs 9 per Unit
Spot market power prices have peaked to Rs 9 per unit, a three-year high, while the average price on India Electricity Exchange Rs 5 per unit on low e
Read MoreUneven Mandi tax adds to GST burden
Even as the dust kicked up by the Goods and Services tax is yet to settle, traders and companies have to face another conundrum?? an uneven mandi tax.
Read MoreWhy inflation may continue to inch up
The trend of falling inflation may not sustain, indicated a Business Line article dated June 13 (Down and out: Why food inflation may pick up from her
Read MoreHindalco Ind to pre-pay ?1,100-cr high-cost debt this month
Hindalco Industries, part of the Aditya Birla Group, is looking to save ?800 crore this fiscal by pre-paying high-cost debt. Responding to shareholder
Read MoreGeneral insurers clock 32% jump in Aug premium at Rs 11,931cr
Indias general insurers clocked over 32 per cent jump in premium collection at Rs 11,931.01 crore in August this fiscal, Irdai data showed.The non-lif
Read MoreEfforts on to revive Gold Monetisation Scheme
All-out efforts are being made to revive the Gold Monetisation scheme, which failed to take off since its launch two years ago.The aim of this scheme
Read MoreChina preps sale of $2 billion dollar-priced bonds, first since 2004
China is laying the groundwork for its first sale of U.S.-dollar sovereign bonds in more than a decade, a move toward expanding its ties with global i
Read MoreStagnant market pain for Apple, Samsung
With the launch of Apple?s iPhone devices and the Samsung Galaxy Note 8, the two behemoths of the consumer technology space are back in the ring to se
Read MoreNote ban-hit Raymond presses reset button to regain growth
Even as the Singhanias of Raymond fight a pitched court battle over the company?s assets, the professional management of the textile-to-retail empire
Read MoreSC paves way for trial against RIL in 1987 excise evasion case
The Supreme Court has paved the way for trial against the Reliance Industries Ltd in a three- decade old case relating to alleged evasion of excise du
Read More11 buyers line up for Jaiprakash Power
Even at a time when the power generation sector is under stress, lenders of Jaiprakash Power Ventures have managed to get as many as 11 suitors for th
Read MoreMalaysia Airlines agrees to $3-bn Boeing plane deal
Malaysia Airlines Berhad agreed to buy Boeing Company?s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation?s flag carrier looks to boost
Read MoreCoal stocks dip on short supply, higher power generation: Govt
There has been a dip in coal stocks at power plants due to sudden rise in electricity generation amid restrained output and supplies on account of "ex
Read MoreGlobal oil inventories shrinking on robust demand: IEA
The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC an
Read MoreMutual funds log Rs. 62,000 cr inflows in August
Investors have pumped in close to Rs. 62,000 crore into various mutual fund schemes in August, driven by equity and money market funds.With this, tota
Read MoreRBI not comfortable with cryptocurrencies like Bitcoins: Sen
The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies like Bitcoin, its executive director Sudarshan Sen said today."As regards non-fiat
Read MoreFrom Mahindra and Mahindra to Maruti Suzuki, pre-owned vehicles sellers cash-in as buyers take to used cars
Organised used car sellers, which account for merely 15% of the overall pre-owned car space, have started seeing a dramatic rise in volumes. As the pr
Read MoreOYO raises $10 mn from hospitality major China Lodging Group
Hospitality firm OYO on Wednesday said China Lodging Group has signed an agreement to invest $10 million (over Rs 63 crore) as equity in the company.O
Read MoreZomato acquires food delivery start-up Runnr
Food technology start-up Zomato Media Pvt. Ltd has acquired delivery start-up Runnr as part of a widely expected, all-stock deal that would help the f
Read MoreUnacademy raises $11.5 mn Series B funding led by Sequoia India and SAIF Partners
Bengaluru-based online education platform Unacademy today raised Series B funding of $11.5 million led by Sequoia India and SAIF Partners. Existing in
Read MoreBPCL to raise $500 million via bonds
Bharat Petroleum Corporation (BPCL) plans to raise $500 million (Rs 3,300 crore) in dollar bonds by mid-November to meet its capital expenditure targe
Read MoreBharti Airtel Partners Korea?s SK Telecom To Become Next Gen Future Ready Telco
Indian telecommunications service provider Bharti Airtel on Wednesday (13 September) has announced a strategic partnership with Korea?s SK Telecom to
Read MoreHuge relief for 10 home buyers of Jaiprakash Associates, SC orders Rs 50 lakh relief
The Supreme Court on Wednesday asked realty firm Jaiprakash Associates (JAL) to pay Rs 50 lakh as an interim relief to 10 home buyers of its Jaypee Ka
Read MoreSachin Tendulkar co-owned Smaash Entertainment gets Rs 300 cr booster shot; goes on buying spree
Edelweiss Group has invested Rs 300 crore of mezzanine funds (a hybrid of debt and equity financing that gives the lender the right to convert to an o
Read MoreAuditors come under lens amid crackdown on shell companies
A multi-agency clampdown has begun on shell companies to tackle the black money menace wherein the role of auditors has come under the scanner for all
Read MoreIndia FY18 GDP growth likely at 7.1 pc: Nomura
India?s GDP growth is expected to be around 7.1 % this fiscal following a likely pick up in industrial production as firms resort to ?restocking? post
Read MoreAs India Inc struggles to cut down debt, the economy suffers
India?s cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest
Read MoreElectricity prices at IEX skyrocket; here is the surprise reason
Spot prices of electricity at the Indian Energy Exchange (IEX) have skyrocketed due to a surge in demand from state-owned discoms. For the peak-demand
Read MoreNotification No.44/2017-Customs (ADD)
Seeks to impose anti-dumping duty concerning imports of "Ammonium Nitrate"originating in exported from Russia, Indonesia, Georgia and Iran.
Read MoreNotification No.85/2017 Customs (N.T.)
Defining jurisdiction of customs officers for the purpose of audit
Read MoreNotification No.84/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 8th September, 2017
Read MoreNotification No. 75 /2017 Customs
seeks to exempt goods imported for organising FIFA under 17, world cup, 2017.
Read MoreNotification No. 74 /2017 Customs
seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar[1701] upto a quantity of 3 lakh
Read MoreNotification No.RBI/2017-18/55
Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards
Read MoreNotification No.RBI/2017-18/54
Inclusion of ?Ujjivan Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2017-18/53
Alteration in the name of "National Bank of Abu Dhabi PJSC" to "First Abu Dhabi Bank PJSC" in the Second Schedule to the Reserve Bank of India Act, 19
Read MoreNotification No.RBI/2017-18/52
Inclusion of ?Qatar National Bank SAQ? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreSBI Life To Launch First Billion Dollar IPO In Seven Years
SBI Life Insurance Co Ltd will launch an initial public offering next week to raise as much as $1.3 billion, sources with direct knowledge told Reuter
Read MoreInfosys To Set Up Innovation Hub In Raleigh, Hire 2,000 Americans
India's second largest software services firm Infosys today said it will set up a technology and innovation hub in Raleigh in North Carolina, where i
Read MorePragati Maidan Revamp: Shapoorji Pallonji Gets Rs. 2,150 Crore Order
State-owned NBCC Ltd today said it has awarded the contract to redevelop ITPO Complex at Pragati Maidan in the national capital to Shapoorji Pallonji
Read MoreAs corporate India struggles to cut down debt, the economy suffers
India's cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest
Read MoreChina plans nationwide use of ethanol gasoline by 2020, state media says
China plans to roll out the use of ethanol in gasoline nationally by 2020, state media reported on Wednesday citing a government document, as Beijing
Read MoreFinance is struggling, but here's a booming industry
The clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, a
Read MoreUS poverty rate back to pre-crisis levels
The median household income increased by 3.2% to $59,039 (?44,480), rising for a second consecutive year as more people found full time jobs.At the sa
Read MoreAngels must now learn to fly with clipped wings
Startups and their early-stage lifelines ? angel networks ? will now have to walk a thin line to be on the right side of law. A few weeks ago, Sebi to
Read MoreIndia up 2 spots in WEF?s Human Capital Index
India has moved up two spots on the World Economic Forum?s Human Capital Index 2017. It ranks 103 of 130 countries, up from 105 the year before. Norwa
Read MorePublic spending the only channel for Centre to revive growth
To revive economic growth after it crashed to its lowest level in Narendra Modi?s tenure as prime minister, the Centre has just one recourse ? higher
Read MoreTyre companies? margins to recover as demand revives
Profit margins of tyre manufacturers are likely to record steady growth over the next couple of years due to a recovery in demand.Tyre companies? oper
Read More15 Japanese companies to invest in Gujarat
As many as fifteen Japanese firms would sign agreements to invest in Gujarat during Japanese Prime Minister Shinzo Abe's visit, while the state would
Read MoreGoM headed by Sushil Modi to look into GSTN portal hiccups
Bihar Deputy Chief Minister Sushil Kumar Modi will head a five-member grouping of state ministers to look into technical challenges being faced by the
Read MoreToyota says Brexit talks drift could threaten UK production
Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota (7203.T) to shift some UK production elsewhere if the
Read MoreFox worries prompt UK to take long look at Murdoch's Sky bid
Rupert Murdoch?s planned $15 billion takeover of European broadcaster Sky (SKYB.L) was thrown into doubt on Tuesday when Britain toughened its stance
Read MoreU.K. Inflation Jumps More Than Forecast to Match 4-Year High
U.K. inflation is on the rise again, accelerating more than forecast in August after the biggest surge in clothes prices in almost three decades.The j
Read MoreExclusive: Toshiba favors Bain group for chip sale; Western Digital talks stall
Toshiba Corp (6502.T) now favors a group led by Bain Capital LP and SK Hynix Inc (000660.KS) to buy its prized semiconductor business, as it failed to
Read MoreInvestments contract in first 4 months of FY18
An investment revival looks increasingly unlikely in the immediate future. The capital goods segment in the Index of Industrial Production (IIP), a pr
Read MoreCabinet clears bill to double tax-free gratuity to Rs 20 lakh
In a move that will bring a cheer to private and public sector employees in the country, the government has decided to double the upper limit of tax-f
Read More67 of total 671 selected startups receive tax benefits so far, says minister
The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, minister of state for co
Read MoreGovt Notifies GST Cess Hike On Mid & Large Cars, SUVs
The government has notified levy of increased GST cess of up to 7 per cent on mid-size, large and SUV cars.The GST Council on September 9 had decided
Read MoreGSTR1 nosedives as businesses get filing breather
The pace of filing goods and services tax (GST) returns under sales, or GSTR1, nosedived on Saturday evening, when the Council in the meeting in Hyder
Read MoreMyntra expects 5-fold jump in sales during Flipkart's BigBillionDays sale
Flipkart-owned online fashion retailer Myntra is expecting to sell three million products ? a five-time increase in sales as compared to a normal day
Read MoreIndiGo's huge cash reserve to be used on capacity building
The proposed sale and issue of fresh shares by IndiGo can fetch India?s largest airline Rs 5,370 crore, providing a major impetus to its expansion pla
Read MoreOver 100,000 shell firm directors disqualified for five years
In a fresh crackdown, the Ministry of Corporate Affairs has disqualified 106,578 directors for their association with shell firms. This comes just a f
Read MoreTax department asks DoCoMo to pay Rs 2,500 cr on Tata Tele award
NTT DoCoMo, the Japanese telecom major, has been slapped with a tax demand of up to Rs 2,500 crore, after it won Rs 8,256 crore as damages from Tata S
Read MoreCCEA gives nod to Rs 10,881-cr dairy processing & infrastructure fund
The Cabinet Committee on Economic Affairs (CCEA) today approved a Dairy Processing and Infrastructure Development Fund with an outlay of Rs 10,881 cro
Read MorePSU bank merger should follow balancesheet clean-up: Raghuram Rajan
Mergers of public sector banks should be done only after balance sheets are cleaned up and these are nursed back to health with adequate capitalisatio
Read MoreState Bank of India to unveil Project Lotus; here is how you can gain
A superstore that gives you exclusive deals when you shop for shoes or smartphones. Lets you check out homes within your budget. Saves you interest ev
Read MoreIncome-tax department calls big corporate entities to pay advance taxes
The income-tax (I-T) department is ?coaxing? top corporate entities to make the 45 per cent of the total advance tax payment by September 15, the due
Read MoreGold ETFs register Rs300 crore outflow in April-August
Gold exchange-traded funds (ETFs) continued losing sheen as an investment class as investors pulled out over Rs300 crore from the instrument in April-
Read MoreIndia?s oil demand falls 6.1%, the most in 14 years
India?s oil consumption in August shrank 6.1%, the most since April 2003, as floods ravaged several parts of the country curbing demand for diesel and
Read MoreFPIs sell equities worth $800 million so far in September
Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $800 million in September, after offloading stocks worth nearly $2 billion
Read MoreJ&K Bank cuts interest rate on savings account to 3.5%
Public sector lender Jammu and Kashmir Bank (J&K Bank) has lowered the interest rate on its savings bank accounts by 0.50 per cent to 3.50 per cent wi
Read MoreGovt must pump in more capital into PSU banks for effective NPA resolution: Fitch
Fitch Ratings on Tuesday said the government will have to pump in additional capital into public sector banks to aid effective bad loan resolution and
Read MoreFearing NPAs, banks shun renewable energy companies; here are reasons why that is
Lenders are worried about the drop in tariff in the renewable power sector and are increasingly becoming more cautious in lending to the sector on fea
Read MorePrivate placement of corporate bonds hits record Rs 2.73L cr in April-August
Private placement of corporate bonds hit a record high of Rs 2.73 lakh crore in the first five months of fiscal year 2018, according to the data from
Read MoreForce Motors, Rolls-Royce Power tie up to make engines
Pune-based auto firm Force Motors Ltd on Tuesday said it has entered into a non-binding joint venture agreement with Rolls-Royce Power Systems AG to p
Read MoreIndia Inc's M&A value dips 46 per cent in August: Grant Thornton
Corporate India's merger and acquisition activity moderated by 46 per cent to USD 939 million in August compared to the same month last year as firms
Read MoreFlipkart Big Billion Days Sale, Amazon Great India Festival, other offers coming, but e-retailers a worried lot
Even as e-tailers gear up to rain discounts on the eve of the festive season, expect flat growth compared to last year. Despite the upcoming Big Billi
Read MoreJet Airways Q1 profit more than doubles to Rs53.5 crore
Jet Airways (India) Ltd?s net profit more than doubled in the June quarter as healthy domestic growth offset muted earnings from its global operations
Read MoreIIP rises only 1.2%, food inflation at 5-month high
The data on the Index of Industrial Production (IIP) and consumer price index (CPI)-based inflation, released on Tuesday, were more bad news for the N
Read MoreCentre clears BSNL tower spin-off, but here is why this is 2 years too late
Two years after giving its in-principle nod, the Union Cabinet on Tuesday approved the hiving off of the mobile towers business of BSNL into a separat
Read MoreEU Worries Grow over U.S. Economic Chaos
Stanley Fischer, the 73-year-old vice chair of the US Federal Reserve, is familiar with the decline of the world's rich. He spent his childhood and yo
Read MoreLi Is Upbeat on China Economy as Lagarde Cites Push to Curb Risk
Premier Li Keqiang said China?s economy will maintain its momentum and that the leverage ratio has "decreased somewhat" as authorities push on with a
Read MoreUK inflation rate rises to 2.9%
UK inflation measured by the Consumer Prices Index rose to 2.9% in August, up from 2.6% in July, figures show. The fall in the value of sterling since
Read MoreChina?s Electric Car Push Lures Global Auto Giants, Despite Risks
Volkswagen, the German auto giant, is preparing for a swift expansion in its output of electric cars next year ? and the biggest jump in production wi
Read MoreShinzo Abe visit to expand defence, strategic ties between India, Japan
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will set the future course of the strategic and global partnership between the tw
Read MoreGold gets a festive lift, tops Rs 31,000-mark
Gold overcame a sluggish global trend by surging Rs 470 to trade at Rs 31,000 per 10 grams today after local jewellers ramped up buying for the festiv
Read MoreSaudi, UAE agree extension of oil cuts may be considered: statement
Saudi Arabia?s Energy Minister Khalid al-Falih agreed with his UAE counterpart that an extension of a pact on global oil supply cuts beyond March 2018
Read MoreCybersecurity breaches: Centre is looking to roll out this major innovative approach
The government is working on creating a single framework for reporting breach of cyber security at financial institutions and a working group is soon
Read MoreOnline wholesale segment to mirror offline soon? Here is what will create a level playing field
The promise of goods and services tax (GST) to improve compliance has brightened the prospect of the online wholesale segment, which has often compete
Read MoreDomestic LNG business set to take off after being given up for dead; here is what is fueling hope
The domestic LNG business, which has not been able to take off due to unaffordable price of imported gas, seems set for a revival as suppliers have be
Read MoreSC gives relief to lenders and homebuyers too
In a relief to IDBI Bank and others in the consortium of lenders to Jaypee Infratech, the Supreme Court on Monday not only restored the insolvency res
Read MoreGovernment to grant near-complete autonomy to top class institutes: Prakash Javadekar
The Centre has decided to grant nearly complete autonomy and freedom from regulators to 15 per cent of the "top class institutes" of the country, Unio
Read MoreDevelopers seek change in Gujarat solar policy
Solar developers have petitioned Gujarat?s power regulator seeking a change in its solar policy, pointing out a major lacuna which is impeding the gro
Read MoreWorld Bank accepts many of Modi govt's reform claims, big thumbs-up likely next month
The government expects a double-digit improvement in India?s rank in the global index on ease of doing business, likely to be announced by the World B
Read MoreGovernment to revisit stent price control in February
Global stent makers seeking higher prices for their new products in India or exemption from price control may have to wait until February for relief.
Read MoreDirect tax revenue grows 17.5 per cent to Rs 2.24 lakh crore
Net direct tax collections for April-August grew 17.5 per cent from last year to Rs 2.24 lakh crore, amounting to 22.9 per cent of the total Budget es
Read MoreMerchandise exporters cheer as rupee falls against some peers
The rupee's appreciation against the dollar masks the windfall gains for exporters of merchandise goods to Delhi's traditional trading partners -the U
Read MoreConfusion over branded food GST
The GST Council's statement over the weekend on applying tax on branded food items has left most of the trade confused. Even though the Council has n
Read MoreNSE-led shareholders likely to exit CAMS
The National Stock Exchange of India is looking to sell its 45 per cent stake in mutual funds transfer agency Computer Age Management Services ahead o
Read MoreRBI dollar purchases hit three-yr high in forwards
The central bank's US dollar purchases in the forward market hit a three-year high of $9.4 billion last month as the regulator sought to cushion the
Read MoreSebi panel proposes a new window for block deals
A committee appointed by India?s capital-markets regulator has proposed a new afternoon window for block deals on the secondary market to ensure confi
Read MoreGST cess pulls cigarette sales down 8-9% in July-August
India's legal cigarette sales volume declined by 8-9 per cent in July and August over the same period last year due to the steep increase in cess unde
Read MoreDalal Street bulls in sweet spot as Nifty aims for 10,090
Confidence of the bulls seems to have returned with the Nifty reconquering the 10,000 mark on Monday. A development that bodes well for investors is t
Read MoreIndusInd, Bharat Fin merger likely to be a win-win for both
The potential merger between Bharat Financial Inclusion (BFI) and the IndusInd Bank may help the latter expand its microfinance loan book about three
Read MoreAirtel has misrepresented facts & data, accuses Jio
Reliance Jio has accused Bharti Airtel of mispresenting facts and wrongly interpreting the newcomer?s data on purpose, to ?create a smoke-screen to h
Read MoreSupreme Court lifts stay on insolvency move against Jaypee infra
The Supreme Court on Monday lifted a stay on insolvency resolution proceedings against Jaypee Infratech and ordered its parent, Jaiprakash Associates
Read MoreReligare gets shareholders' nod to invest 500 crore in arm
Religare Enterprises shareholders have approved a proposal to invest up to 500 crore in its arm Religare Capital Markets for repaying debt related to
Read MoreZilingo Sits Pretty with Rs 113 cr from Sequoia, Burda, Others
Zilingo, an ecommerce platform catering to Southeast Asian markets for fashion and lifestyle products, has raised $17 million `113 crore) as part of i
Read MoreTonbo Imaging raises Rs 120 crore in largest private venture investment in domestic defence
Tonbo Imaging, a Bengaluru-based startup that partners with the Indian military, has raised Rs 120 crore in series-B funding led by WRV Capital, the
Read MoreStrong sales growth in August: Auto companies make hay in days of cess and rain
Sales of cars, SUVs, two-wheelers and commercial vehicles registered a strong uptick last month with several consumers advancing purchases on reports
Read MoreNuclear deal between India and Japan opens up new vistas of cooperation
Prime Minister Shinzo Abe is visiting India nearly two months after operationalisation of the historic Indo-Japan civil nuclear deal, which has added
Read MoreIndia to partner Afghanistan for 116 ?high impact? projects
India and Afghanistan on Monday agreed to launch a New Development Partnership involving 116 new high impact development projects jointly implemented
Read MoreIndia Inc top deck pays the price for delay in changes to Companies Act
Well-known current and former CEOs of some key Indian blue chips lead the list of people whose revised compensation packages have been delayed for the
Read MoreMorgan Stanley to make first close of $400-500 million next month
Mint brings to you your daily dose of top deals reported by newsrooms across the country.JSW Group in talks with China?s Zhejiang Geely for electric v
Read More126 McDonald's Outlets In North, East India Continue To Operate Fully: Vikram Bakshi
McDonald's estranged partner Vikram Bakshi has claimed that 126 outlets in north and east India continue to operate fully even as the US-based fast fo
Read MoreBain, SK Hynix Group raise bid for Toshiba chip unit to $22.3 billion
A group including Bain Capital and South Korea?s SK Hynix has raised its offer for Toshiba Corp?s chip business to 2.4 trillion yen ($22.3 billion) in
Read MoreHere's how Direct Taxes Code can simplify taxation and reduce your tax outgo
The Finance Ministry is planning to revamp the direct tax structure. Previous attempts to overhaul direct taxes were not successful. In 2009, the Dire
Read MoreRussia's Rosneft prepares for oil at $40-$43 in 2018: CEO
Russia?s top oil producer Rosneft expects average global oil prices between $40 and $43 a barrel in 2018 and is preparing for such a level, Chief Exec
Read MoreIndusInd Bank in talks to buy microlender Bharat Financial
IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd, in a deal that will help the private sector
Read MoreDell EMC eyes $26 billion opportunity in India; to capitalise on JAM
American data storage company Dell EMC sees a $26 billion addressable market opportunity in India for hardware, software, services and consultancy pro
Read MorePassenger Vehicles sales up by 14% in August on festive demand
Sales of passenger vehicles in the domestic market went up by a strong 13.76% to 29.4335 units last month as carmakers stocked dealerships ahead of th
Read More5 reasons why Amsterdam is the heart of Europe?s digital economy
One of the oldest cities in the industrialised world, Amsterdam has always stood at the forefront of international business and commerce. Located with
Read MorePrime Minister Explains Consequences of Russia's Economy Growth
Russian Prime Minister Dmitry Medvedev said that as Russia's economy is growing, a number of positive trends are emerging, which will be reflected in
Read MoreChina August producer inflation jumps to four-month high as economy races along
China?s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and poi
Read MoreArtisans with Rs 20 lakh turnover exempt from GST registration
The GST Council today exempted artisans and folk artists with an annual turnover of up to Rs 20 lakh from registration under the just introduced Goods
Read MoreGST rates changed for 40 items, deadline for GSTR 1 filing extended to October
The Goods and Services Tax Council on Saturday raised the cess on motor vehicles--mid-size cars, large cars and sports utility vehicles by 2%, 5% and
Read MoreIndia August inflation seen at 5-month high on rising food costs
India?s retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, eas
Read MoreReduction in GST on supply of scrips to boost exports: FIEO
Welcoming the decision of the GST Council of reducing the rate on supply of various scrips from 12 per cent to 5 per cent, the Federation of Indian Ex
Read MoreRiding on big projects, Shinzo Abe looks to boost ties with India
and making India a hub of Japanese investments, Prime Minister Shinzo Abe will launch mega initiatives including Suzuki Motor Corporation?s car factor
Read MoreGodrej Appliances eyes Rs4,000 crore turnover in FY18
Godrej Appliances, the consumer durables division of the Godrej Group, is eyeing a turnover of Rs4,000 crore this fiscal, at growth of over 20%.?We ar
Read MoreNavayuga Group to induct strategic partner in Krishnapatnam terminal
Hyderabad-based Navayuga Group will induct a strategic partner, potentially a container shipping line, into the terminal it runs at Krishnapatnam port
Read MoreHotels To See 11-13% Growth In Room Revenue Over 5 Years: CARE
The domestic hotel industry is expected to see room revenue rising at about 11-13 per cent CAGR over the next five years, mainly on the back of econom
Read MoreCBDT worried over GST impact on advance tax kitty
The Central Board of Direct Taxes (CBDT) is worried about the impact of the Goods and Services Tax on the advance tax collections. It has asked Income
Read MoreGold retains sheen on geo-political tensions
Gold continues to hold on to its strength. North Korea conducting a hydrogen bomb test last Saturday (September 2) helped the yellow metal to open wit
Read MoreFall in GDP figures structural, not transient, says SBI
India?s GDP growth was expected to decline in the first quarter of the current fiscal, but the ?free fall? in the numbers shows that the problem is mo
Read MoreTrade deficit may improve to $10.3 billion in August: Morgan Stanley
India's trade deficit is expected to improve in August to about USD 10.3 billion from USD 11.5 billion in July, largely on moderation in export as wel
Read MoreGovt to assess input tax credit claims of Rs 60,000 crore
The government is in the process of checking the veracity of the around Rs 60,000 crore of claims made by entities for stocks before the implementatio
Read MoreHMSI plans rural push to race ahead
Honda Motorcycle and Scooter India (HMSI) is pushing hard for a bigger pie in the domestic bike segment with plans to open 70 per cent of its 500 new
Read MoreNext set of NPAs must have credit rating: RBI
A resolution plan finalised for the next set of stressed assets identified by the Reserve Bank of India (RBI) will be subject to a rating requirement
Read MoreIndia Renegotiates Australia LNG Price, To Save Rs 10,000 Crore
India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia?s Gorgon project to save more than Rs 10,000 crore over the
Read MoreAdidas India FY17 net profit up 130 pct
German sportswear maker Adidas has reported a 130% rise in net profit at Rs 95 crore in its India business for the financial year 2016-17. Net profit
Read MoreTDS, TCS deductors can apply for GST registration from 18 September
The goods and services tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the da
Read MoreDelhi, Mumbai, Bengaluru, other cities property sales: Will you be buying during Diwali? Here are options before homebuyers
It?s going to be another dull Diwali for real estate players, the third in a row. Launches of new properties, which have been trending down for about
Read MoreP-notes investment hits 5-year low of Rs. 1.35 lakh cr in July-end
Investments in the domestic capital market through participatory notes (P-notes) slumped to a five year low of Rs. 1.35 lakh crore in July-end amid st
Read MoreTraffic on Bandra-Worli Sea Link rises to 37,336, but still woefully short of estimated 100,000
Traffic on Mumbai?s Bandra-Worli sea link (BWSL) is picking up gradually but the business reported a 26% dip in profits in 2016-17. Although the avera
Read MoreHighway construction pace increases to 20.80 km a day, but still behind targets
The pace of building highways accelerated to 20.80 km a day in the April-August period of 2017-18 from 7.36 km a day in the same period last fiscal, b
Read MoreGST cess hike on cars from today: Luxury, large cars, SUVs get expensive
The increased Goods and Services (GST) cess on mid- sized, luxury and SUV cars will come into effect on Monday.The GST Council on September 9 decided
Read MoreIndia?s consumption story in trouble as consumer confidence falls: RBI poll
Consumer confidence has fallen to levels seen three years ago, just before the Modi government came to power, according to the latest Reserve Bank of
Read MoreZimbabwe's economy recovering: Mugabe
President Robert Mugabe said on Friday that Zimbabwe?s economy, hobbled by foreign currency shortages and a widening budget deficit, was slowly reboun
Read MoreIndia?s burgeoning youth are the world?s future
If you?ve ever been to India, it?s likely that you?ve been startled by how young the country looks; the streets of any Indian town, even of its villag
Read MoreChina Aug imports beat forecasts but exports shows signs of softening
China posted stronger-than-expected import growth in August, reinforcing views that the world?s second-largest economy is still expanding at a healthy
Read MoreECB policymakers agree on cutting stimulus
European Central Bank policymakers agreed at their meeting on Thursday that their next step would be to begin reducing their monetary stimulus, three
Read MoreWest Bengal saw highest number of GST registrations in India, says official
At 77 per cent, West Bengal topped the list of states with new registrations under the Goods and Services Tax regime, an official said on Friday.?The
Read MoreRelief for Jaypee Infrastructure homebuyers, PSU NBCC may complete 27 unfinished projects of builder
State-run National Buildings Construction Corporation (NBCC) is assessing the viability of completing 27 unfinished Jaypee Group projects, senior gove
Read MoreASCI pulls up Coca Cola, HUL, Emami, others for misleading ads
Top FMCG companies, including Hindustan Unilever, Coca Cola, Emami and PepsiCo India Holding, have been pulled up by the advertising sector watchdog A
Read MoreCargo traffic at 12 major ports up 3.2% to 274 MT in April-August
The country?s 12 major ports saw cargo traffic go up by 3.26 per cent to 273.96 million tonnes (MT) in April-August of the ongoing fiscal, according t
Read MoreAgriculture Ministry readies 7 point strategy to double farmers income
The agriculture ministry has drawn up a 7-point strategy to double farmers? income in the country. The plan includes improving irrigation efficiency,
Read MoreTierra Agrotech buys Monsanto cotton seed business
Hyderabad-based Tierra Agrotech Pvt Ltd on Friday said it acquired the branded cotton seeds business of Monsanto Holdings. ET was the first to report
Read MoreTroubled Tata Mundra plant gets partial relief from CERC
The Central Electricity Regulatory Authority (CERC) has allowed Coastal Gujarat Power (CGPL), the Tata Power arm that runs the beleaguered 4,150-MW Mu
Read MoreGST council may keep tax load on cars below 50 per cent, cheer home budgets
The Goods and Services Tax (GST) Council is likely to keep the overall tax incidence on motor vehicles below 50 per cent at its meeting in Hyderabad o
Read MoreChina?s August producer inflation jumps to 4-month high
China?s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and poi
Read MoreDell EMCs govt businesses grow at 30% in H1 in India
IT infrastructure provider Dell EMC has witnessed a 30 per cent growth in its business from government entities on citizens-focussed projects and smar
Read MoreCompass Gets Location Right, Rivals Look for Road Map
?Takes you anywhere. No compass required.? That was Tata Motors' tagline in an advertisement aimed at Chrysler Jeep's first vehicle to be launched in
Read MoreICICI Bank set to mop up ?2,099 cr on stake dilution in insurance arm
ICICI Bank will rake in as much as ?2,099 crore, as it will be offloading a part ? 7 per cent ? of its current 62.95 per cent stake in ICICI Lombard G
Read MoreMCA issues notices to errant NBFCs
In yet another attempt to crack the whip on shell companies, the Ministry of Corporate Affairs has issued notices to companies which were supposed to
Read MoreGST Council meet today: Packaged food without trademark may face 5% tax
Packaged food items sold under a brand name without a registered trademark may face five per cent goods and services tax (GST). This is among the issu
Read More$7-BILLION OUTBOUND DEALS IN THE WORKS
Indian companies have made $1.7-billion in outbound deals so far this year, against $9.6-billion overseas acquisitions in 2016. But this is set to cha
Read MoreChina invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Inv
Read MoreAcquisition of control: Sebi to continue with existing norms
More than a year after suggesting bright line tests for ascertaining ?control? in a listed company, Sebi has decided not to tweak the existing takeove
Read MoreSEBI moots tighter norms for credit rating agencies
SEBI on Friday proposed 10 per cent cross-shareholding cap in credit rating agencies along with a slew of measures for tightening the financial and op
Read MoreOriental Bank of Commerce cuts MCLR by 0.05% for select tenors
Public sector lender Oriental Bank of Commerce (OBC) has slashed the marginal cost based lending rate (MCLR) by 0.05 percent for select maturities.The
Read MoreForex kitty swells by $3.57 billion, closes in on $400 bn-mark
The forex reserves surged by a massive USD 3.572 billion to touch a record high of USD 398.122 billion for the week ended September 1, on account of r
Read MoreBonds weaken, call rates end higher
Government bonds (G-Secs) weakened further on heavy selling pressure from banks and corporates, while the overnight call money ended higher due to sus
Read MoreIndiabulls Housing Finance raises Rs 1,000 crore via bonds
Indiabulls Housing Finance on Friday said it has raised Rs 1,000 crore by issuing bonds on a private placement basis."The company today allotted 100,0
Read MoreBSNL to spend Rs 6,000 crore on expansion; Nokia, ZTE to get contracts
Public telecom operator BSNL will invest Rs 6,000 crore for installing 40,000 Base Transceiver Stations (BTS) in the next two years to expand its mobi
Read More78% rise in paperless I-T assessment; all-India roll out by fiscal end
The ambitious project to conduct paperless assessment for income tax payers rose by 78 per cent over the last three years, prompting the department to
Read MoreCPI inflation likely to be at 3.2% in August: Morgan Stanley
Consumer price index-based inflation is likely to record a rise to 3.2 percent in August, driven by increases in food and oil prices, global brokerage
Read MoreRupee at one-month high as dollar weakens post-ECB meet
The Rupee on Friday closed at a one-month high of 63.78 to the dollar even as the greenback fell significantly against most of its peer currencies fol
Read MoreGold price hits 11-month high of Rs30,360 on global cues
Gold prices jumped by Rs235 per 10 grams to touch an 11-month high of Rs30,360 on Friday, tracking a solid trend overseas and increased buying by loca
Read MoreCountervailing duty imposed on some Chinese steel products
The government has imposed countervailing duty for 5 years on imports of certain flat steel products from China to guard domestic players from imports
Read MoreReliance Defence is now Reliance Naval and Engineering Limited
Reliance Naval and Engineering Limited, controlled by Reliance Infrastructure Limited, has received the necessary approval for changing the name of Re
Read MoreInfosys to step up services in Dutch market, opens Amsterdam office
Infosys, the country's second-largest software services firm, has opened an office in Amsterdam to strengthen its digital technology services in the D
Read MoreShriram, IDFC likely to complete merger due diligence in 1 month
The Shriram Group and IDFC are likely to complete the due diligence process for their proposed merger in a month?s time and submit the report to their
Read MoreBharat Petroleum set to get Maharatna status
State-run Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company. The oil marketing company is at present a Navratna firm. The d
Read MoreDr Reddy?s Vizag unit gets 6 observations by German regulator
Dr Reddy?s Laboratories (DRL) today said the German drug regulator has concluded the audit of its Visakhapatnam formulations facility with six major o
Read MoreHP Inc collaborates with Siemens for 3D printing
In a bid to accelerate 3D printing for industrial production, global PC and printing major HP Inc on Friday announced integration of its ?Multi Jet Fu
Read MoreIndian retail may grow to Rs 85 lakh crore by 2021
Indian retail industry, growing at 10 percent, may almost double to Rs 85 trillion (lakh crore) by 2021 steered by consumer data and technology disrup
Read MoreIf your housing society maintenance bill is under Rs 5,000 you won't have to pay GST
Goods and Services Tax (GST) will not be applicable on monthly maintenance charges paid to co-operative housing societies (CHS) if it Rs 5,000 a month
Read MoreChina's iron ore imports edge up in August as steel prices soar
China?s iron ore imports edged up in in August as soaring steel prices increased appetite for high-grade foreign ore in the world?s biggest steel prod
Read MoreChina August imports beat forecasts but export grow shows signs of softening
China posted stronger-than-expected import growth in August, reinforcing views that the world?s second-largest economy is still expanding at a healthy
Read MoreGerman trade surplus narrows as industrial motor sputters
German imports grew far faster than exports in July, narrowing the trade surplus and suggesting Europe?s largest economy will again rely on domestic d
Read MoreJapan?s Q2 economic growth revised down from stellar first reading
Japan?s economic growth in the second quarter was much slower than seen in a stellar preliminary reading, government data showed on Friday, confoundin
Read MoreEuro stands tall as beleaguered dollar loses traction after ECB meeting
The euro hovered below a 2-1/2-year high versus the dollar on Friday, as a policy meeting by the European Central Bank did little to support the belea
Read MoreSwitch to clean vehicles or be bulldozed:Gadkari to automakers
Carmakers producing vehicles that run on traditional fuel, take note -- Union minister Nitin Gadkari has a clear message: Go for alternative fuel, els
Read MoreIndo-Singapore trade may reach $25 billion by FY20: FIEO
Exporters' body FIEO today said there is a huge potential to increase bilateral trade between India and Singapore to USD 25 billion by 2019-20.India's
Read MoreChina export growth slows in August but imports pick up
Chinese exports grew slower than forecast in August, hit by weak global demand, but analysts said Friday that a jump in imports indicated a pick-up do
Read MoreCrude Oil prices to trade higher: Angel Commodities
WTI oil prices declined by 0.1 percent on Thursday to close at D49.1 per barrel with Brent rising to a 5-1/2 month high while U.S. crude slipped on a
Read MorePortfolio design is about matching an investor?s profile and needs
You are presently investing Rs4,000 in an all-equity portfolio consisting of two tax-saving funds. You are seeking to expand it to a Rs10,000 per mont
Read MoreRs 5.5 lakh-crore river interlinking to take off by December
The government?s Rs 5.5-lakh-crore plan to undertake 30 river interlinking projects, which is likely to end excessive floods and drought in the count
Read MoreGovernment offers online tool to resolve foreign trade issues
The government has set up an online service facility that can be used by importers and exporters to resolve all foreign trade-related issues, an offi
Read MoreBank of India Cuts Lending Rates By 0.05-0.10% From Sept 10
Public sector lender Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. "Bank of India has reduced its margi
Read MoreCurrent account deficit may widen to 3% in Apr-Jun: Nomura
The country's current account deficit is likely to widen to 3 percent in the second quarter of 2017 due to sharp deterioration in trade deficit, says
Read MoreNBFCs' share of retail loans at a 10-year high
Retail non-banking finance companies (NBFCs) are on a roll. Their share of total retail lending in India reached an all-time high of 36 per cent at th
Read More'Less tax, no input credit' plan for small businesses may return soon
The composition scheme, which is applicable to specific categories of small businesses whose turnover is Rs 75 lakh and below and had been closed on A
Read MoreGold loan companies see return on assets soar to 2012 levels
Gold-finance companies have seen return on assets rise to 2012 levels of around 4 per cent in financial year 2016-17 because the lenders moved to peri
Read MoreChina Foreign Reserves Rise a Seventh Month Amid Yuan Strength
China?s foreign-exchange reserves posted a seventh straight gain in August as the yuan rose in its best monthly performance in at least a decade.Key P
Read MoreAmazon opens country's largest fulfilment centre in Hyderabad
American e-commerce company Amazon on Thursday opened its largest fulfilment centre (FC) in the country at the GMR-led Rajiv Gandhi International Airp
Read MoreMajor Banks' Commodities Revenue Sinks to 11-Year Low
Commodities revenue at major banks took a further knock in the first half, sinking to an 11-year low amid poor performances in energy.Combined income
Read MoreEuro strength worries ECB as Oct stimulus decision looms
The euro?s strength is already weighing on inflation and will be a key factor for the European Central Bank next month when it decides how to proceed
Read MoreEquities keep a steady line amid foreign outflows
Stock markets closed little changed on Thursday as blue chips consolidated, reflecting the turmoil in global shares and FII capital outflows. Though t
Read MoreOYO secures $250M funding led by SoftBank Vision Fund and Hero Enterprise
Hotel aggregator OYO has closed a $250 million (about Rs 1,600 crore) round of funding, which was led by its existing backer SoftBank, with new invest
Read MoreRaise number of biz in GST net to 3 cr, govt tells taxmen
The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and
Read MoreLendingkart raises $10.5 million from Sistema Asia, others
Lendingkart Technologies has raised $10.5 million from Singapore-based Sistema Asia Fund and existing investors, the company said on Wednesday. Bertel
Read MoreCash in economy settles at 12% below pre-demonetisation level
Currency in circulation has dipped for the second consequent week, according to data released by the RBI. This shows that cash in the economy has sett
Read MoreEuro zone economy confirmed to grow at robust pace in second quarter
The euro zone economy grew at a robust rate of 0.6 percent in the three months to June compared to the first quarter, the European Union statistics of
Read MoreNPA issues will be resolved by fiscal end: Principal Economic Adviser Sanjeev Sanyal
Sanjeev Sanyal, the principal economic adviser in the finance ministry, today expressed hope that a major portion of the banks? bad loan problem will
Read MoreInsurance brokers can offer up to Rs 10 crore without prior Irdai nod
The Insurance Regulatory and Development Authority of India (Irdai) will soon come out with regulations that would allow insurance brokers to offer cl
Read MoreFirst hyperloop transport system to come up in Andhra, connect Amravati and Viayawada
Hyperloop travel is set to come to India. Hyperloop Transportation Technologies (HTT) has signed an agreement with the Andhra Pradesh government to co
Read MoreFed says economy expanded at modest rate, sees concerns about auto industry
The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the lates
Read MoreSaudi Arabia is reportedly revising its ambitious plans to change its economy
Saudi Arabia is revising its major reform strategy just over a year after its launch, extending the timeline of some targets and removing others entir
Read MoreStartups, unlisted companies on black money radar, probe on 200 entities
Startups and unlisted subsidiaries of some major Indian companies and multinationals find themselves in the crosshairs of the income tax department f
Read MoreGold treads water as markets brace for ECB decision
Gold prices steadied below their highest level in about a year early on Thursday, as markets braced for the latest meeting of the European Central Ban
Read MoreCrude oil dips on fears Hurricane Irma could hit crude shipments, rising Libyan output
Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as
Read MoreNo Aadhaar card? Here are 10 things that are banned for you, from opening a bank account to processing of I-T returns
If you thought that filing an income tax return or opening a bank account are the only few things which require Aadhaar cards now, then think again. T
Read MoreDirectors of Shell firms can?t join other companies' boards
Directors of shell companies which have not filed tax returns for three or more years will be barred from taking similar positions elsewhere or gettin
Read MoreGST collection tops Rs 94,000 crore for July from 44 lakh businesses
As many as six lakh more businesses have filed returns and paid taxes in last one week, taking maiden revenue collections from GST to about Rs 94,700
Read MoreNotification No. 84/2017
[Notification No. 84 /2017/F. No. 300196/8/2017-ITA-I]
Read MoreNotification No. 83/2017
[Notification No. 83/2017/F. No. 199/3/2017-ITA-I]
Read MoreNotification No. 82/2017
[Notification No. 82/2017/ F.No.503/5/2009-FTD-II]
Read MoreNotification No. 81/2017
Notification No . ..!lL12017 (F.No.203/29/20 16fITA-II)
Read MoreNotification No.43/2017-Customs (ADD)
seeks to impose anti-dumping duty on "Styrene Butadiene Rubber (SBR)",originating in or exported from European Union, Korea RP or Thailand.
Read MoreNotification No.42/2017-Customs (ADD)
seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period
Read MoreNotification No.41/2017-Customs (ADD)
Seeks to continue anti-dumping inforce concerning imports of "Metronidazole" originating in exported from China PR.
Read MoreNotification No.83/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreNotification No.RBI/2017-18/51
Auction of Government of India Dated Securities
Read MoreStrong foreign inflows amid slowing economy worry Sebi
Markets regulator Sebi is concerned about the flow of foreign funds into India, its likely impact on the currency and also the country's export compet
Read MoreBSNL expects to start 5G service trials by March 2018
The state-owned telecom firm BSNL expects to start field trial of 5G services by the end of this financial year, company?s chairman and MD Anupam Shri
Read MoreFrance plans to end oil and gas production by 2040
France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, b
Read MoreGDP growth to re-accelerate as GST impact fades, says Morgan Stanley report
Economic activity in the country lost some pace amid GST related disruptions but underlying growth momentum remains strong and the country may clock 6
Read MoreEquity MFs see record Rs 20,000 crore inflows in August
Equity mutual funds received a staggering Rs 20,000 crore in net investor flows in August, while the overall assets under management (AUM) topped the
Read MoreEmbassy-Blackstone to file for Rs 6,000 crore REIT this month
The wait for real estate investment trusts, or REITs, in the country could end soon, with Embassy Office Parks ? the joint venture (JV) between Bengal
Read MoreIndia, Myanmar sign 11 wide-ranging agreements
India and Myanmar today signed 11 agreements in a range of sectors, including one on maritime security cooperation, to further strengthen their multif
Read MoreGerman cable-maker Leoni expands Pune facility; invests ?10 m more
German cable manufacturer Leoni has invested an additional ?10 million (about ?76 crore) for the expansion of its existing manufacturing facility at C
Read MoreSEBI likely to tighten listing norms
Capital market regulator SEBI is likely to propose the tightening of listing criteria on the stock exchanges, at its upcoming board meeting on Septemb
Read MoreU.S. trade deficit shows no sign of shrinking
The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016.The deficit edged up to $43.7 billion in
Read MoreSebi warns of rising external debt risks as masala bonds surge
The rupee-denominated bonds, popularly known as masala bonds, are likely to add to the nation's external liabilities even if they don't hold any risks
Read More4 PSU banks slash lending rates by up to 45 basis points
Four public sector lenders, including Indian Bank and Vijaya Bank, on Wednesday cut their benchmark lending rates by up to 45 Punjab & Sind Bank reduc
Read MoreEssar Oil to invest $250 million to expand refining capacity in UK
Ruias-owned Essar Oil UK plans to invest around $250 million to expand the capacity of its Stanlow Refinery in the financial year ending March 2018. T
Read MoreReliance Industries to acquire assets of Kemrock Industries
Reliance Industries Ltd (RIL) on Wednesday said it would acquire the assets of Vadodara-based Kemrock Industries and Exports Ltd to enter the composit
Read MoreStar India invested $192 million into Hotstar parent
Twenty-First Century Fox-backed Star India has invested Rs 1,233 crore ($192 million) into its digital content arm over the last six months amid inten
Read MoreMoef Panel Okays GMR's Delhi Airport Rs 16,000 Crore Expansion
An expert committee of the environment ministry has given green clearance to Rs 16,000 crore expansion of New Delhi's Indira Gandhi International Airp
Read MoreBorrowing by India Inc, others from abroad hits $12 bn mark, may ink new record in 2017
Borrowings by Indian companies and banks from the overseas markets are tipped to hit new highs in 2017 with a record $12 billion already having been r
Read MoreBrace yourself for a market correction in two months, analysts warn
A market correction is on the horizon and it could happen in the next two months, an investment manager told CNBC Tuesday."We believe there is a certa
Read MoreRBI?s return on foreign currency assets down at 15-year low of 0.80%
The Reserve Bank of India (RBI) earned a return of 0.80 per cent return ? the lowest in the last 15 years ? on its huge foreign currency assets of Rs
Read MoreOncoStem Diagnostics raises $6 million led by Sequoia India
OncoStem Diagnostics, a Bengaluru- based oncology-focused startup, has raised USD 6 million in a funding round led by Sequoia India. The firm is focu
Read MoreXiaomi's India revenues top $1 billion, plans new units
Chinese phone major Xiaomi's India operation has crossed $1 billion in revenue. The company is now planning to open new factories beyond the two it ha
Read MoreGerman factory orders fall on weak domestic demand
German industrial orders fell unexpectedly in July on feeble domestic demand while appetite from abroad was flat, data showed on Wednesday -- a rare
Read MoreJapan's Q2 GDP seen revised down on smaller capex gains
Japan?s economy likely grew at a slower pace than initially estimated in the second quarter, on expected downward revisions in capital spending growth
Read MoreStates? capex declines; here is why it could not have come at a worse time for the economy
The Economic Survey?s latest volume had predicted that farm loan waivers by state governments could impart a short-term deflationary shock to the econ
Read MoreIndia seeks to achieve bilateral trade target of $30 bn with Russian Far East by 2025, says MEA Sushma Swaraj
External Affairs Minister Sushma Swaraj on Tuesday said there is a need for enhancing trade, commerce and investment with the Russian Far East to achi
Read MoreMinimum wage code bill 2017: Base pay will differ for states and geographical areas
The new Wage Code Bill which, if passed by the Parliament, will seek to set minimum wages for different states and geographical areas. This will ensur
Read MoreSelf-seal export cargoes without Customs monitoring from October 1
The Customs department has allowed self-sealing procedure from October 1 for containers to be exported, as it aims to move towards a 'trust based comp
Read MoreZomato has cut losses; gears up for fight with rivals
Just around a year and half earlier, Zomato, the food ordering and restaurant discovery platform, was vulnerable. In the foodtech meltdown that saw at
Read MoreMakeMyTrip sees big growth in corporate travel in next 2-3 years
MakeMyTrip expects corporate travel to be an important business segment in next two or three years.The country?s largest online travel portal is tappi
Read MoreCustomers' consent must for use of Aadhar-based e-KYC: IRDAI
The use of Aadhar and accessing of personal information of Unique Identity Authority of India (UIDAI) for e-Know Your Customer (e-KYC) purposes can on
Read MoreDena Bank cuts deposit rates
Dena Bank has cut its retail term deposit rates by 25-55 basis points across the basket, effective August 4, according to data on the lender?s website
Read MoreHigher tax mop-up has 12 states in Rs 4,000-cr fiscal surplus in Q1
Driven by higher tax revenues and a sharp fall in expenditure, combined revenue receipts of 12 states grew at a robust 17.6 per cent in the three mont
Read MoreMerck?s India unit part of German parent?s global sale plans
Merck KgaA is considering selling its global consumer health business, including that of its publicly traded Indian unit Merck Ltd.The German drug mak
Read MoreEurozone economy heads for decade-high growth as UK stalls
While Britain and the rest of the EU are struggling to agree on divorce terms, it's increasingly clear that on the economic front they are diverging s
Read MoreUnited Tech to buy Rockwell Collins for $30 billion
Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N
Read MoreU.S. factory orders tumble, but business spending firming
New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously re
Read MoreIndia's top oil refiner, Indian Oil, seeks paths to Narendra Modi's cleaner future
India?s top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi?s government envisions m
Read MorePolicy soon to promote agri exports, says Prabhu
The government will soon bring out a policy to develop agricultural clusters and boost farm exports, according to commerce minister Suresh Prabhu. Spe
Read MoreCoal India to divert coal movement to fight critical stock in power plants
Coal India (CIL) has drawn up an emergency plan to regulate coal movement to the non-power sector for pushing additional coal to the thermal power pla
Read MoreFPIs bid more aggresively for corp bonds than G-secs
Foreign portfolio investors (FPIs) continue to chase yields in the Indian market. On Tuesday, the highest bid at the auction for limits to buy corpora
Read MoreMaruti Suzuki will enter e-vehicles segment, but who will decide? The answer will floor you
The country?s largest car manufacturer, Maruti Suzuki India (MSI), will invest in electric vehicles (EVs) after gauging its customers? preferences. At
Read MoreICICI Lombard gets SEBI nod for IPO
ICICI Lombard General Insurance Company has got SEBI?s go-ahead for its estimated ?6,000 crore IPO, which could be the first by a general insurer in t
Read MoreCompanies raise Rs 64,400 cr by issuing equities so far in 2017
Companies and financial institutions have mopped up close to Rs 64,429 crore in 2017 so far with the government raising Rs 9,193 crore through a share
Read MoreBooster shot for ecommerce in India, big money coming back to segment; amount will stagger you
Big money is coming back to Indian e-commerce ventures as private equity (PE) players and venture capitalists decide to up their bets and support stro
Read MoreVikram Bakshi vs McDonald?s: Indian wins a point, but loses another
Vikram Bakshi, the estranged Indian partner of US fast-food chain McDonald?s, on Tuesday got a reprieve on one count while suffering a setback on anot
Read MoreIndia services activity contracts again in August on weak demand
Services sector in India suffered the second consecutive month of contraction in August as business activity and new work orders got affected by the G
Read MoreCentre?s food subsidy bill set to be slashed courtesy Aadhaar, PoS
The new systems for monitoring transactions at fair price shops (FPSs) are promising to help slash the Centre?s food subsidy bill, the most sticky amo
Read MoreCentre asks banks to restrict accounts of 2.09 lakh firms
The finance ministry has advised all banks to take immediate steps to restrict transactions in bank accounts of more than 2.09 lakh companies, whose n
Read MoreSupreme Court refuses to stay new Finance Act
The Supreme Court today refused to grant interim stay on the newly-amended Finance Act which provides that the search-cum-selection committee to selec
Read MoreAustralia's central bank holds fire as economy on the rebound
Australia?s economy likely rebounded sharply last quarter as exports and public spending proved surprisingly upbeat, an outcome that would cheer the c
Read MoreJapan Aug services PMI shows expansion at weakest pace in six months
Japan?s services sector expanded in August at the slowest rate in six months as the pace of new orders eased, a private survey showed on Tuesday in a
Read MoreChina's Xi says global economy improving, urges resistance to protectionism
Chinese President Xi Jinping told an international summit on Tuesday that although the global economy had improved, risk factors had also increased. A
Read More?Tax rebates to consumers, traders to promote digital payments?
Traders body CAIT today suggested several measures such as tax benefits to both consumer and merchant to promote digital payments in the country. The
Read MoreWhy it?s a good idea to study Q2 earnings for cues to GDP recovery
The GDP (gross domestic product) and GVA (gross value added) numbers reported last week for Q1 FY18 showed that the elephant is limping and not dancin
Read MoreServices sector contracts for 2nd month in August on GST woes
Service activity in India continued to remain subdued in August though he downturn was less severe than in July, a private survey showed on Tuesday. T
Read MoreFlaws in India?s economic growth model are becoming clear
India has a way of confounding expectations. Analysts agreed that, months after Prime Minister Narendra Modi?s ill-fated decision to withdraw 86% of c
Read MoreAustralian firms eyeing infra projects in India
Australian companies are exploring India?s large and diversified infrastructure sector with a focus on the Centre?s smart cities project.More than 40
Read MoreBonds weaken, call rates continue stable
Government bonds (G-Secs) weakened on selling pressure from banks and corporates.While, Interbank call money rates continued stable trend as demand fr
Read MoreStartups get 80% rebate on patent fee
More domestic and foreign startups will now be able to access the fast-track mechanism for filing patents, which will drastically cut down the time ta
Read MoreRBI includes HDFC Bank in ?too big to fail? lenders list
Private sector lender HDFC Bank Ltd has been declared a domestic-systemically important bank (D-SIB), the Reserve Bank of India (RBI) said on Monday.
Read MoreEurozone producer prices grew slower than expected in July
Eurozone producer prices grew more slowly in July than expected by markets, data from the European Union?s statistics office Eurostat showed on Monday
Read MoreForeign banks face new EU set-up to allow more scrutiny
Nineteen foreign banks in the European Union will need to set up new holding companies so that regulators can scrutinise them more closely, an EU disc
Read MoreDomestic economic scenario challenging for steel industry
Indian economy commenced FY18 with a slower growth rate of 5.6% in GVA and 5.7% in GDP in Q1 against 7.9% growth in first quarter of last year. It is
Read MoreONGC to bid for Israel oil and gas exploration blocks: Oil Minister
State-run Oil and Natural Gas Corporation (ONGC) plans to bid for Israeli offshore oil-and-gas exploration blocks, oil minister Dharmendra Pradhan has
Read MoreGold imports in August surge on duty-free buying from South Korea
India's gold imports in August nearly tripled from a year ago, despite sluggish domestic demand as a recent tax change that allowed importers to ship
Read MorePNB Housing Finance to raise up to Rs 1,000 crore via bonds
PNB Housing Finance plans to raise up to Rs 1,000 crore by issuing bonds on a private placement basis.The company will issue secured redeemable non-co
Read MoreStocks Fall as Korea Tensions Flare; Dollar Drops: Markets Wrap
Stocks fell, while gold and the yen climbed as geopolitical tensions flared again, with U.S. President Donald Trump weighing new economic sanctions th
Read MoreFPIs lap up investment limits in govt securities
Foreign portfolio investors (FPIs) continue to show interest in Indian bonds even as they lapped up the investment limits available for central govern
Read MoreASK Property joins hands with TVS Group to create Rs400 crore realty investment platform
ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group and Emerald Haven Realty Ltd (TVS Emerald), the real estat
Read MoreONGC to borrow Rs 25K cr to fund HPCL stake buy
Cash rich Oil and Natural Gas Corp (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of governme
Read MoreC2C ecommerce in India takes baby steps as growing number of startups look to organise space
The consumer-to-consumer (C2C) e-commerce which is still at a very nascent stage in India is evolving and a growing number of C2C start-ups are trying
Read MoreLast date for filing of GST returns for July, Aug extended
Businesses will have more time to file the final GST returns as the government on Monday extended the last date for filing of sales and purchase data
Read MoreCrisil lowers GDP forecast to 7% in FY18 on GST hurdles
Domestic rating agency Crisil on Monday lowered its growth forecast to 7% for fiscal 2018, down from 7.4% earlier, as it sees disruptions arising from
Read MoreStar India wins IPL media rights for Rs 16,347.5 cr
Star India on Monday completed its virtual monopoly of cricket broadcast by winning the coveted Indian Premier League (IPL) media rights for a whoppin
Read MoreTotal bad loans seen at whopping $130 bn; as defaults rise, cases at NCLT accumulate
With defaults on loans and corporate bonds nudging $10 billion in 2017 so far and the total quantum of bad loans estimated to have crossed $130 billio
Read MoreCBDT signs 4 more APAs with taxpayers in August
The Central Board of Direct Taxes (CBDT) signed four more advance pricing agreements (APAs) in August with Indian taxpayers as it looks to reduce liti
Read MoreDelhi HC rejects Vodafone's petition on interconnection usage charge
The Delhi High Court on Monday dismissed a petition filed by Vodafone against the consultation process adopted by Telecom Regulatory Authority of Indi
Read MoreHAL signs Rs 6,100-crore deal for supply of choppers to Army, Navy
Hindustan Aeronautics Limited (HAL) has signed a Rs 6,100 crore contract to supply 41 Advanced Light Helicopters (ALH) to the Indian Army and one to t
Read MoreE-scooter sales likely to double in FY18
Electric two-wheeler sales are expected to double in FY18, albeit on a small base. But, it is still a niche category in the world?s biggest market for
Read MoreB2C euphoria is dying, why this has come as a blessing in disguise for B2B startups
The euphoria over investing in business-to-consumer (B2C) companies seems to have died down and this has come as a blessing in disguise for business-t
Read MoreRelief for 30,000 flat buyers as SC stays insolvency proceedings against Jaypee Infratech; plea said homebuyers will not get anything
In a relief to home buyers, the Supreme Court on Monday stayed the insolvency proceedings against real estate firm Jaypee infratech at National Compan
Read MoreONGC to borrow Rs 25,000 crore to fund HPCL buy
Cash rich Oil and Natural Gas Corp (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of governme
Read MoreChina's Transsion Picks Up 80% Stake In Spice Mobile: Report
Chinese communications firm Transsion Holding has picked up an 80 per cent stake in Spice Mobile as it aims to garner a larger market share in the fie
Read MoreThis notification can be a game-changer for India's leniency regulations
The Competition Commission of India (Lesser Penalty) Regulations, 2009 (Leniency Regulations) have been amended by way of a notification released last
Read MoreDharmendra Pradhan says daily petrol, diesel price revision to continue
Oil Minister Dharmendra Pradhan today said the daily revision in petrol and diesel prices will continue despite petrol price spiking by Rs 6.6 per lit
Read MoreCapex cycle recovery is still some time away despite some good data
India's capex cycle recovery may have been struggling for a while now, but recent data shows some signs of improvement. One of the indicators that cor
Read MoreSee lower interest rate trajectory for India going forward: Capital First
V Vaidyanathan - Founder & Chairman, Capital First while in conversation with CNBC-TV18?s Abhishek Kothari is of the view that one-two year forward ou
Read MoreChina's Xi says BRICS must promote open world economy
The BRICS group of emerging economies must promote trade liberalization and an open world economy, Chinese President Xi Jinping said at a business mee
Read MoreFormer BOJ dissenter says c.bank on course to retreat from radical stimulus
Japan?s central bank is already in the process of winding down its radical monetary policy and may also look at making changes to its long-term intere
Read MoreI-T Department to focus more on e-assessment to reduce human interface
The Income Tax Department will focus on widening of tax base and maximise e-assessment to cut down on human interface, according to an official statem
Read MoreProvident fund balance withdrawal is taxable for this reason
If we claim the accumulated balance in Provident Fund account from the previous employer, will it be taxable? Laxmi NarayanWithdrawal of the accumulat
Read MoreDigital transformation brings in wider opportunities for enterprise architects; see how
Digital transformation is rewriting the rules of every aspect of business and is reshaping almost all the industries.Digital transformation brings in
Read MoreGovernment notifies hike in GST cess on mid, large cars to 25 PCT
The government has notified hike in GST cess on a range of cars from mid-size to hybrid variant to luxury ones to a maximum of 25 per cent, from earli
Read MoreManufacturing rebounds in August: PMI rises to 51.2
Manufacturing activity in the country rebounded in August with new orders and output returning to growth territory after contracting in July due to th
Read MoreWhy GST and demonetisation alone are not responsible for slow GDP growth
Close to 5 pm on September 1, State Bank of India (SBI) chairman Arundhati Bhattacharya was leaving her office to almost military-style salutes by the
Read MoreLending rate cuts key to economic revival: BofAML
Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to acceler
Read MoreEssel Finance acquires Bimadirect operator for Rs 25-30 crore
Subhash Chandra-owned Essel Finance Management has acquired online insurance agent Coretree Insurance, which operates Bimadirect. Top executives at th
Read MoreTata Motors CV sales up 24% in July-August
Tata Motors, which is on a turnaround drive, saw its domestic commercial vehicles sales grow by 24.35 per cent in the July-August period after a decli
Read MoreRs 26.8k cr capex plan on track, this year Rs 8k cr: JSW Jt MD
JSW Steel's Rs 26,800-crore capex plan is on track and the company plans to spend Rs 8,000 crore this year, Joint Managing Director Seshagiri Rao sai
Read MoreUBS lowers India growth forecast to 6.6% for FY18
Global brokerage firm UBS has lowered India?s GDP growth forecast to 6.6% for this fiscal from 7.2% earlier.The firm said the growth is expected to pi
Read MoreNTPC blamed as coal stocks fall to critical levels, particularly at private companies
Coal stocks at thermal power plants across the country have dropped to alarmingly low levels. Private power companies are the worst-hit, as state-run
Read MoreSebi to watch info sharing of co boards, promoters
The Sebi will soon consider how much information the management and boards of listed companies can share with their non-executive promoters, and wheth
Read MoreSeychelles ratifies international solar alliance framework pact
The International Solar Alliance (ISA) took another step closer to becoming a recognised inter-governmental body under the United Nations charter, aft
Read MoreGold breaks through key hurdle
Gold surged, breaking above $1,300 per ounce last week, in line with our expectation.The yellow metal surged 2.6 per cent last week and has closed at
Read MoreState Bank of India planning $3 bn green bonds
India?s largest lender plans to raise up to $3 billion in the country?s biggest overseas green-bond issue, tapping the likes of BlackRock, Internation
Read MoreGreece's shadow economy is one-fifth of its GDP
Some countries have much larger shadow economies than others.Greece?s shadow economy is worth over a fifth of its total output, and Italy?s isn?t far
Read MoreIsrael set for $28 billion infrastructure spending boost
Israeli Prime Minister Benjamin Netanyahu said on Sunday his office would soon publish a multi-year infrastructure spending plan worth more than 100 b
Read MoreReal estate companies in churn mode after GST & Rera
The real estate sector is slowly catching up after being affected by the goods and services tax (GST) and Real Estate Regulation And Development Act (
Read MoreTextile firms expect revival in Q2
Textile companies are expecting a revival in their fortunes in July-September on a rebound in customer footfalls and restocking by traders following G
Read MoreNotification No. 81/2017 [F.No.203/29/2016/ITA-II]
Publish Date : Monday, August 28, 2017
Protocol amending the agreement between the Government of the Republic of India and the Government of the Socialist Republic of Viet Nam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income
Publish Date : Wednesday, August 30, 2017
Fintech-bank collaboration yields smarter outcomes, says RBI's Kanungo
Reserve Bank of India (RBI) deputy governor B P Kanungo on Friday said fintech companies need to collaborate with banks for better service outcomes fo
Read MoreTotal mulls fuel retailing in India with local partner
French oil and gas major Total SA today said it is mulling entering fuel retailing in India in collaboration with a local partner. ?It?s a big market
Read MoreLexus cuts Toyota strings in India to build business with India and for India
After five months of its debut in India, Lexus, the luxury vehicle arm of Japanese auto giant Toyota, has decided to operate as an independent entity
Read MoreITR filing date extended to October 31
Tax payers who were supposed to file their income tax returns by September 30 now have some more time on their hands. The government has extended the
Read MoreMaruti Suzuki, Hero MotoCorp, Honda Motorcycles post best ever sales in August
Auto companies continued to post robust sales growth in the domestic market during August as companies despatched large numbers to dealers for stockin
Read MoreKM Birla on when Idea Cellular, Vodafone merger will happen
The merger of Idea and Vodafone is on course and should be complete within 2018, Kumar Mangalam Birla, chairman, Aditya Birla Group, said in an interv
Read MoreChinese green firm to begin construction of Indian plant
China?s mono-crystalline solar cells and modules Longi Green Energy Technology will start building its Rs 1,500 crore Indian plant by the end of this
Read MoreInfosys Consults Investors On Governance Norms
Software major Infosys on Friday said it has begun consultations with its investors on adhering to high governance standards, as announced on August 2
Read MoreVedanta To Invest Rs. 50,000 Crore On India Business Expansion: Anil Agarwal
Metals and mining conglomerate Vedanta Resources has plans to invest around Rs. 50,000 crore on business expansion in India in coming years, its Chair
Read MoreSaab partners Adani to make in India
Swedish defence major SAAB has on Friday announced collaboration with India?s Adani Group to manufacture Gripen E fighter jets in India if selected by
Read MoreChina ramps up role in Brazilian transport infrastructure
Chinese companies signed commitments on Friday to finance and build railways and ports that will help Brazil export iron ore and soybeans, the two mai
Read MoreIndia?s public debt rises 3.6 per cent to Rs 63.35 lakh cr in June
India?s total public debt rose to Rs 63.35 lakh crore till June-end, up 3.6 per cent over the previous quarter, according to government data released
Read MoreGovernment waives penalty on late GST returns for July
The government, on the recommendations of the Goods and Services Tax Council, has waived the penalty of Rs 200 per day for taxpayers who failed to fil
Read MoreGDP growth at 5% under old series; analysts cut FY18 estimates
Terming the Q1 GDP growth of 5.7 per cent as disappointing, a slew of foreign brokerages today cut their full-year forecast to well under the 7 per ce
Read MoreUS Fed finalises rules to help unwind big banks
The Federal Reserve on Friday finalised a new rule that should make it easier to wind down systemically important US banks by creating a safe harbour
Read More1% of expected invoices uploaded to GSTN
About 1% of the expected goods and services tax invoices had been uploaded on the GST Network more than a month after the facility opened, suggesting
Read MoreEuro zone factory activity rises in August on strong demand: PMI
Euro zone manufacturing activity accelerated in August, clocking the fastest rise in export orders since February 2011 despite a strengthening currenc
Read MoreGreek Economy Expands for Second Straight Quarter
The Greek economy grew for the second straight quarter, provisional figures released Friday showed in a development that's likely to raise hopes that
Read MoreForex kitty up by $1,148 mn to record $394.55 bn
India's foreign exchange (Forex) reserves increased by $1,148 million as on 25th August 2017, as per data released by Reserve Bank of India on Friday.
Read MoreFPIs sell $130-m equities in first session of Sept
After offloading equities worth $1.9 billion in August, Foreign Portfolio Investors (FPIs) sold shares worth $130 million on the first day of Septembe
Read MoreIndian Bank revises interest rates on FCNR deposits
Public sector Indian Bank has revised the interest rates on foreign currency non-resident banking deposits with immediate effect.For FCNR (B) deposits
Read MoreMarket anticipates hike in FPI limits in corp bonds via exchange rate change
The market is strongly anticipating an increase in the foreign portfolio investors? (FPI) investment limits in corporate bonds through a change in the
Read MoreRate cut expectations after weak GDP drags benchmark yield down
The 10-year benchmark yield fell five basis points on Friday to close at 6.48% after a disappointing growth number released on Thursday brought back r
Read MoreMortgages growth in banks falls to four-year low in July
Growth in mortgages in the banking sector fell to an at least four-year low of 10.5% year-on-year (y-o-y) in July despite most large banks having drop
Read MoreFinmin approves 4 FDI proposals worth Rs 503 crore
The finance ministry today said it has cleared four proposals, including that of AMP Solar India, entailing foreign direct investment of Rs 503.40 cro
Read MoreIndia factory activity unexpectedly expands in August as orders bounce back
India?s factory activity unexpectedly expanded in August, snapping back from a contraction the previous month, as disruptions stemming from confusion
Read MorePost demonetisation, liquidity in economy remained surplus during April-June quarter, but government?s cash position was stressed
The liquidity in the economy remained in surplus during the April-June quarter, in the aftermath of demonetisation, but the cash position of the gover
Read MoreSubsidised LPG Hiked by Rs 7 Per Cylinder, Jet Fuel by 4%
State-run oil marketing firms hiked the price of subsidised cooking gas by Rs 7 per LPG cylinder, effective from Friday, as part of the decision to in
Read MoreGDP growth to hit 7-7.5 per cent in July-Sept: Rajiv Kumar
Economic growth in the second quarter (July-September) of 2017-18 is expected to soar to 7- 7.5 per cent on the back of good monsoon and clarity over
Read MorePMI manufacturing rebounds in August after GST jitters
A day after gross domestic product (GDP) data showed a three-year plunge in economic growth at 5.7 per cent in the first quarter of the current financ
Read MoreAutomobile sales gain pace on monsoon
Aided by good monsoon and positive consumer sentiment ahead of the festival season, car makers reported strong sales performance in August. Maruti Suz
Read MoreVijaya Bank raises Rs 700 crore via QIP
Public sector lender Vijaya Bank has raised Rs 700 crore through an issue of Qualified Institutional Placement (QIP). The bank has allocated 11.10 cro
Read MoreKings Learning raises $2.5 mn from Dell Foundation, others
Kings Learning, a spoken English learning start-up, has raised $2.5 million in funding from Michael & Susan Dell Foundation and other United States (U
Read MorePaytm Payments Bank in talks to partner full-service banks: CEO Renu Satti
India?s Paytm Payments Bank is in talks to partner with full-service banks to offer services such as loans and term deposits which it cannot do on its
Read MoreCape Town International Airport gets a major upgrade to boost economy
Cape Town International Airport will receive a major upgrade in an effort to transform the tourism sector, one of the important economic growth driver
Read MorePalm oil producers look to expand acreage, capacities in North East
Major Indian palm oil producers are looking to expand palm tree acreage in north-eastern states, primarily lured by conducive weather and government
Read MoreIndia manufacturing sector bounces back from July's contraction: PMI
Manufacturing activity in India rebounded in August with new orders and output returning to growth territory after contracting in July due to the roll
Read MoreIndia's growth may be below 6.5 per cent in FY'18, says SBI report
The outlook for India's economic growth, which plunged below 6 per cent in the first quarter of the current fiscal, looks muted with the possibility
Read MoreHealth tech start-up mfine raises $1.5 m from Stellaris Ventures
mfine, which claims to be India?s first artificial intelligence-driven healthcare network, has raised around $1.5 million from Stellaris Venture Partn
Read MoreBanking sector outlook stable: Moody?s
Moody?s Investors Service on Thursday said its outlook on the Indian banking system is ?stable?, with the system?s ongoing progress in managing legacy
Read MoreFinance Ministry notifies e-way bill rules
The finance ministry has notified the rules for e-way bill which requires online pre- registration of goods before transportation under the new GST re
Read MoreIndian government defers BSNL stake decision as Jio rocks sector
India has deferred a decision on selling a stake in state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) as falling profits and market share in the
Read MoreU.S. consumer spending rises modestly; inflation retreats
U.S. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishin
Read MoreEurozone inflation picks up but remains below target
Inflation across the 19-country eurozone struck a four-month high in August largely because of higher energy costs, official figures showed Thursday i
Read MoreChina factory growth unexpectedly speeds up in August in further global boost
Growth in China?s manufacturing sector unexpectedly accelerated in August, suggesting the world?s second-largest economy is still expanding at a healt
Read MoreBonds issued outside can get listed on IFSC exchanges: Sebi
Regulator Sebi today allowed debt securities to get listed on stock exchanges in the International Financial Services Centre (IFSC) even if these are
Read MorePNB, Union Bank reduce marginal cost of funds-based lending rates
Punjab National Bank (PNB) on Thursday reduced its base rate by 20 basis points (bps) to 9.15 per cent. The lender also slashed its marginal cost of f
Read MoreNon-food bank credit growth slows to 7.08%
Growth in the non-food bank credit slowed to 7.08% year-on-year (y-o-y) during the fortnight ended August 18 from a five-month high of 7.42% in the pr
Read MoreFarm loan waivers hit Rs 85,000 cr mark, but when will banks get their dues
Banks are likely to receive their dues related to farm loan waivers from the state governments by the end of September or latest by early October, two
Read MoreAmazon doubles warehouse capacity to 13 m cu ft in India
Amazon India has nearly doubled its warehouse capacity at 13 million cubic feet with the company now running 41 fulfilment centres across the country.
Read MoreTVS Motors, India?s only moped maker, July sales fall 19.2 pct
Sales of mopeds from the only manufacturer in the country ? TVS Motors ? has witnessed a decline since March 2017 on a year-on-year basis leading to t
Read MoreSembcorp buys remaining stake in green arm for Rs 1,410 crore
Singapore-based Sembcorp Industries said on Thursday that it is acquiring IDFC?s remaining stake in Sembcorp Green Infra for Rs 1,410.2 crore. Sembcor
Read MoreMyntra says private label business has turned profitable
Flipkart-owned fashion retailer Myntra said on Thursday that its private labels and brands business has turned profitable, even as it remains on track
Read MoreAfter Air Asia India logs Rs 24.4 cr loss, airliner says expects top hit profit once foreign operations start in 2018
Low cost carrier Air Asia India ? a joint venture between Tata Sons and Air Asia Berhad ? has reported an increase in its net losses by 19.3% year on
Read MoreIndia can become 3rd largest market for Coca-Cola, says CEO James Quincey
India has the potential to become the third-largest market for Coca-Cola Co., said chief executive officer James Quincey, who is on his first visit to
Read MoreGovt defines quality norms for solar power equipment
The Ministry of New and Renewable Energy has defined quality norms for photovoltaic (PV) cells and panels in a bid to contain cheap products from hamp
Read MoreRs 1.09 lakh crore of UDAY bonds issued in 2016-17
Thirteen states issued Ujwal Discom Assurance Yojana (UDAY) bonds for Rs 1,09,100 crore in FY17, the annual report released by the Reserve Bank of Ind
Read MoreEight core sectors growth slips to 2.4% in July
The growth of eight core sectors slowed to 2.4 percent in July due to contraction in output of crude oil, refinery products, fertiliser and cement.The
Read MoreGST to have 1 less slab? FM Arun Jaitley hints so; see what may change
The Goods and Services Tax (GST) Council might consider converging the current standard GST rates of 12% and 18% into a single rate after the new indi
Read MoreGDP growth down to 3-year low of 5.7% in April-June quarter of FY18
The country?s gross domestic product (GDP) growth slowed to a three-year low of 5.7 per cent in the April-June period of 2017-18 from 7.9 per cent in
Read MoreFiscal deficit touches 92% of budget estimates at July-end
The Centre?s fiscal deficit at July- end touched 92.4 per cent of the Budget Estimates (BE) mainly because of front-loading of expenditure by various
Read MoreAuto part exports clock almost-flat FY17 growth
Exports of auto components from India saw almost flat growth in the financial year 2016-17, growing just 0.8 per cent to $10.9 billion. The value of e
Read MoreDeadline for Aadhaar-PAN linkage extended till December 31
The government on Thursday extended by four months the deadline for linking PAN with biometric identifier Aadhaar till December 31.The deadline for li
Read MoreNotification No. 83/2017[F. No. 199/3/2017-ITA-I
Publish Date : Wednesday, August 30, 2017
Notification No. 84/2017[F. No. 300196/8
Publish Date : Wednesday, August 30, 2017
India's auto components industry grows 14% to about Rs 3 lakh crore
The Indian auto components industry expanded by 14.3 per cent to Rs 2.92 lakh crore last fiscal on the back of robust growth in after market sales. Ac
Read MoreCompanies get socially more responsible, CSR spend up 47%
Corporate India's social responsibility graph is headed up with 47 per cent jump in CSR spend since it became mandatory, with 300 BSE listed companies
Read MoreConsolidation among public sector banks exempted from scrutiny
The government has exempted consolidation among public sector banks from the scrutiny of competition authority. The exemption will cover all cases of
Read MorePNB cuts MCLR, base rate by up to 0.25%
Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lende
Read MoreReliance Industries to raise Rs 2,500 crore via debentures
Reliance Industries will make an offer for issuing non-convertible debentures (NCDs) worth Rs 2,500 crore next week. "Pursuant to the authority given
Read More3 reasons the euro is having a killer year
The currency has strengthened dramatically over the first eight months of the year because of unexpectedly robust economic growth in Europe, reduced p
Read MoreEurozone inflation rate rises to 1.5%
The preliminary estimate for the month was up from July's rate of 1.3%.Inflation in the 19-nation bloc remains well below the European Central Bank's
Read MoreChina July services trade deficit falls to $21.0 billion: Foreign exchange regulator
China's trade deficit in services fell to $21.0 billion in July from $29.5 billion in June, the foreign exchange regulator said on Thursday.July's de
Read MoreArunachal Pradesh, J&K are fastest growing economies
Jammu and Kashmir and Arunachal Pradesh were the fastest expanding State economies in 2015-16, according to a new series of gross State domestic produ
Read MoreEconomic growth likely to be consumption-led
The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable d
Read MoreNew Development Bank approves $1.4 bn loan for projects in India, China, Russia
Ahead of the BRICS summit, the New Development Bank (NDB) of the five-member group on Wednesday approved USD 1.4 billion loans for sustainable develop
Read MoreBridgestone to expand manufacturing capacity
Bridgestone India, part of the Bridgestone Corporation of Japan, is upbeat on the Indian tyre market and its business in the rapidly growing automotiv
Read MoreWipro gets nod for buyback
Wipro said its shareholders have given nod to the company?s Rs.11,000-crore buyback proposal. Last month, the company said it will purchase up to 343.
Read MoreState govts at fiscal risk over medium term, warns RBI
The Reserve Bank of India has warned that State governments are likely to face several challenges to their finances during 2017-18 due to farm-loan wa
Read MoreI-T plans 3-pronged strategy to boost tax mop-up, base
Defaulted on your income tax payment? You may have to deal with at least three separate tax officers for verification of returns, assessment and, fina
Read MoreToyota joins Grab's $2.5 billion fund raising, unveils tie-up
Toyota Motor Corp?s trading arm became the latest participant in ride-hailing firm Grab?s current financing round that is expected to raise $2.5 billi
Read MoreCentral bank sees no bubble in stock markets
The central bank does not see a bubble in the stock market despite high valuations. ?No bubble is detected currently when stock prices have reached hi
Read MoreRBI retains GVA growth at 7.3% for FY18
Gross value added (GVA) would grow by a higher rate of 7.3 per cent in the current financial year, against 6.6 per cent a year ago, the Reserve Bank o
Read MoreGST, farm debt waivers likely to hit fiscal consolidation
A day after the government released buoyant tax figures because of the goods and services tax (GST), the Reserve Bank of India cast doubts over short-
Read MoreL&T Sees $28 Billion Golden Goose in India's Defense Orders
Fresh from winning its biggest defense contract in May, Larsen & Toubro Ltd. is planning to bid for $28 billion of orders including warships and subma
Read MoreChina?s Big Banks Beat Profit Estimates as Bad Loans Curbed
Resilient economic growth and a government campaign against excessive leverage are helping China?s largest banks, curbing their bad loans and underpin
Read MoreUS revised second-quarter GDP up 3.0% vs 2.7% rise expected
The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that
Read MoreThe Battle for India's $45 Billion Gold Industry Has Begun
India?s past and future are colliding in Anand Ghugre?s family jewelry shop in Mumbai.?We still operate the way my father did for 50 years,? said Ghug
Read MoreDomestic steel prices recover on global cues
Domestic steel prices staged a smart rebound, in line with international trend, despite a moderate demand growth of 4.4 per cent in the first four mon
Read MoreTraders in Asia buy oil products to send to U.S.; add U.S. option to ships
Traders are scrambling to buy oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S.
Read MoreOver 500 new FPIs registered with SEBI in April-June
More than 500 fresh foreign portfolio investors (FPIs) were registered with SEBI in April-June quarter of this year, indicating that India remains an
Read MoreMFs tapping retail savings on slashed bank savings deposits rates: ICRA
With many lenders cutting interest rates on their savings account deposits, mutual fund houses have been able to sell low-risk products and tap into r
Read MoreRBI smaller surplus transfer to Centre due to sharp rise in expenses, less income
The reason behind the Reserve Bank of India transferring a much smaller surplus to the government was a sharp rise in the central bank?s expenditure a
Read MoreLCR altered banks? activity in call money market: RBI
The Reserve Bank of India (RBI) said in its annual report that introduction of the liquidity coverage ratio (LCR) has altered banks? activity in the c
Read MoreCredit Suisse arm invests in Sapience Analytics
Credit Suisse Asset Management?s NEXT Investors has invested an undisclosed amount in Indian software product company Sapience Analytics. The investme
Read MoreBird Group interested in acquiring Air India's ground handling business
Aviation service provider Bird Group has shown interest to bid for Air India?s ground handling unit Air India Air Transport Services Limited (AIATSL).
Read MoreDeadline for mandatory Aadhaar to avail social benefits extended to December 31: Govt to SC
The Centre told the Supreme Court (SC) on Wednesday that it will extend the deadline for mandatory Aadhaar to avail social benefits to December 31 fro
Read MoreAuto companies fear demand slump from higher cess
India?s top automakers expect a slump in demand after the cabinet on Wednesday approved an ordinance that will allow the cess on larger passenger cars
Read MoreJapan retail sales slow in July, still top expectations
Japan?s retail sales growth slowed in July as shoppers spent less on clothes and cars, but economists remain optimistic that consumer spending will so
Read MoreUK consumer credit growth hits more than one-year low in July, mortgage approvals surge: BoE
British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of
Read MoreMoody's says G20 GDP growth to exceed 3 percent, warns of geopolitical risks
Moody?s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U
Read MoreHSBC sees India?s April-June quarter GDP growth at 6%
India?s economic growth is likely to remain ?soft? and the GDP is expected to grow by 6 per cent in April-June, down from 6.1 per cent in the precedin
Read MoreNarendra Modi Cabinet decisions: From Army, GST, cars and more, here are the top proposals cleared today
The Cabinet today cleared 65 recommendations of the Shekatkar committee, which was asked to make recommendations for enhancing combat capability and b
Read MorePersonal borrowing slowed down in July, says Bank
The Bank has said several times this year that it is worried about the rapid growth of so-called consumer credit.Its latest figures show that this sor
Read MoreUK retailers see Brexit hit to consumers without detailed customs plans
British shoppers could face higher prices and less choice unless Britain and the European Union can agree how to handle thorny issues like haulage and
Read MoreAlibaba and Tencent are showing how companies can get around Beijing's crackdown on foreign deals
Alibaba and Tencent are showing how companies can get around Beijing's massive crackdown on foreign deals.The firms, among China's most important tech
Read MoreInox Wind bags 100 MW project from Adani Green Energy
Wind turbine maker Inox Wind today said it had bagged an order from Adani Green Energy to develop a 100 MW wind power project in Gujarat. "The company
Read MoreMaruti Suzuki to revamp sales channel, unveils Maruti Suzuki Arena
The country's largest car maker Maruti Suzuki India Limited (MSIL) on Wednesday announced the revamp of its retail network. The new showrooms will be
Read MoreChina's $1 Trillion Power Industry Overhaul Is Just Starting
China?s move to create the world?s biggest power company is expected to be the first such mega-merger in the largest energy consumer.The newly formed
Read MoreGST implementation: Room rent in hospitals exempted
Rent paid by patients for hospital rooms will be exempted from the Goods and Services Tax (GST), the government said today. Issuing clarifications on
Read MoreMRF to set up plant in Gujarat at an outlay of Rs 2,000 cr
Tyre major MRF Ltd is targeting a turnover of Rs 22,000 crore by 2020 and is also setting up a new plant in Gujarat at an outlay of around Rs 2,000 cr
Read MoreOil prices soften as market assesses hurricane damage
Crude prices slipped lower on Tuesday as the market grappled with the shutdown of 13 percent of refining capacity in the United States after a hurrica
Read MoreIndia-focused funds' net inflows at $5.3 bn in first seven months of 2017
India-focused offshore equity funds and exchange traded funds (ETFs) have witnessed net investment of over $5.3 billion in the first seven months of t
Read MoreBooming stock markets power equity fund raising of corporates in 2017
Companies and financial institutions have mopped up close to `56,574 crore by issuing equities so far in 2017. This is about 21% higher than the amoun
Read MoreMoody?s cuts foreign currency deposit ratings of IDBI Bank
Moody?s Investors Service on Tuesday downgraded IDBI Bank local and foreign currency bank deposit ratings to B1 from Ba2, citing reduction in the amou
Read MoreBig setback for poorly-rated firms; borrowing plans hit for a six; here is why
Companies that don?t command a very good rating are finding it harder to tap the overseas investors for money after the Reserve Bank of India (RBI) ca
Read MoreHero Electronix acquires Malaysian firm SpectrumIT, test lab in Singapore
Hero Electronix on Tuesday said it has acquired Malaysia?s Spectrum Integrated Technologies (SpectrumIT) and test lab business of Singapore?s Lynxemi
Read MoreIOC to invest Rs 32,000 cr to ramp up petchem capacity by FY21
To meet the rising demand for petrochemicals, especially plastics and polymers, largest public sector company Indian Oil will invest Rs 32,000 crore t
Read MoreWind power tariff hits new low; what this means to concerned parties
The price of wind-based electricity touched a new low of Rs 3.42 per unit at the auctions held on Tuesday by Tamil Nadu?s state-owned electricity dist
Read MoreCentre set to jump start privatisation process after 13 years
The government, which had drawn up a plan for strategic sales in 20-odd PSUs including profitable ones such as Bharat Earth Movers (BEML), is now read
Read MoreFrom Videocon, IVRCL to Uttam Galva, RBI sends 2nd list of over 30 stressed asset firms to NCLT ward
The Reserve Bank of India (RBI) has sent lenders a second list of more than 30 stressed assets that they need to refer to the National Company Law Tri
Read MoreBig boost for Narendra Modi government, GST revenue hits Rs 93,000 crore mark; FM Jaitley says crossed red line
The government has collected Rs 92,283 crore from the goods and services tax (GST) and attendant cesses up to 10 am on Tuesday, from 64% of the July t
Read MoreCoal demand bucks monsoon trend, zooms in August
Coal production and off-take are usually subdued in the monsoon months. But this year is proving to be an exception.As on August 26, Coal India?s mont
Read MoreFinance Ministry confident of meeting 3.2% fiscal deficit target
The Finance Ministry is not worried about its deficit goalposts for 2017-18 despite the low dividends from the Reserve Bank of India and muted proceed
Read MoreEuro Surges to its Strongest Level in Over Two Years
The European currency scaled its highest level in more than two years in the aftermath of North Korea's latest missile launch. Core European bonds als
Read MoreMerging the ?reverse? way
Instead of merging HDFC General Insurance (formerly L&T General Insurance) with the larger entity HDFC Ergo, the promoters have gone the reverse way.A
Read MoreGovt might allow revised returns for input credit for pre-GST stocks
In a respite for companies with big claims of input tax credit for pre-goods and services tax (GST) stocks, the government is likely to allow rectific
Read MoreRBI asks banks to stick to December deadline for insolvency
The Reserve Bank of India (RBI), sources say, has instructed banks to maintain the December deadline for completing the bankruptcy proceedings on thei
Read MoreI-T dept slaps Rs 32,230-cr demand on Hutchison for Vodafone deal
The income-tax department has slapped a Rs 32,320-crore demand in tax, interest and penalty on Hong Kong-based Hutchison for alleged capital gains it
Read MoreThe US dollar index is testing an important level ? the abyss may be next
The dollar has reached the long-term support level near 0.93 identified on the U.S. dollar index chart several weeks ago. That is a critical support l
Read MoreJapan spending falls but tight jobs market offers hope of end to deflation
Japan?s household spending unexpectedly fell in July though the labor market continued to strengthen, offering some hope wage gains will soon accelera
Read MoreDebt cut for Greece not on agenda for now, Germany's Schaeuble says
Greece must press ahead with implementing its reforms-for-aid programme and become more competitive, German Finance Minister Wolfgang Schaeuble was qu
Read MoreMahindra renames JV, unveils tractor brand
Mahindra & Mahindra Ltd. (M&M), has announced the renaming of its subsidiary, Mahindra Gujarat Tractors Ltd (MGTL), a 60:40 JV between M&M and the Guj
Read MoreFringe benefits availed by employees liable to GST
The new Goods and Services Tax (GST) will be applicable on any non-monetary fringe benefit an employee gets from his employer, the government said tod
Read MoreFinancial inclusion push needs more marketing communication
Financial inclusion is a term often used to mean access to useful and affordable financial products and services for a large number of disadvantaged a
Read MoreReforms with alacrity can lift many from poverty: Niti Aayog
India needs to reform with alacrity with a view to improving ease of doing business as it is the best way to eradicate poverty and give millions a cha
Read MoreIncome Tax Department warns against cash dealings above Rs 2 lakh
The Income Tax Department today warned people against cash dealings of Rs 2 lakh and more, saying any violation of this cap will invite strict penalty
Read MoreGST filing date extended
The government has extended the date for filing goods and services tax (GST) for those providing online information and database access or retrieval s
Read MoreShareholders can play spoilsport for lenders banking on resolution plan
Amid the euphoria over Bankruptcy Code and hopes of turning around debt-ridden companies, many lenders have overlooked a simple, yet crucial, caveat.
Read MoreGreenko eyes Reliance Infrastructure's Mumbai power business for $2 billion
India?s leading renewables company Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an
Read MoreDespite sharp cuts by PSU banks, foreign banks command lowest MCLR
Even as the RBI is looking to finetune the Marginal Cost of Funds Based Lending Rate (MCLR) system to ensure better transmission, various sets of bank
Read MoreNestle India to enter petcare, water, coffee machine segments
In a bid to pass on the benefits of GST to consumers, Nestle India has reduced the prices of its milk products by 8 per cent and cereals and sauces by
Read MoreIndia, Germany sign pact to improve grid integration of renewable energy
India and Germany on Monday signed an agreement on technical cooperation under the Indo-German Energy Programme ? Green Energy Corridors (IGEN-GEC).
Read MoreIron ore stockpiles swell on imposition of export duty
Stockpiles of iron ore in the country have swollen due to the imposition of 30 per cent export duty, according to the Federation of Indian Mineral Ind
Read MoreNew money laundering norms stump jewellery sector
The central government has notified the money laundering rules for the gems and jewellery sector with immediate effect. Now, any entity deals in preci
Read MoreGroupM changes India leadership, merges Maxus & MEC
The country?s largest media agency network, GroupM, will bring together two agencies, Maxus and MEC, as part of a global restructuring drive. The new
Read MoreGovt says will sell up to 10% stake in NTPC this week to raise $2.2 billion
The government said it will sell a 5% stake in top power producer NTPC Ltd through a stock market auction, with a greenshoe option to sell another 5%
Read MoreGilead to buy Kite Pharma in $11.9 billion deal
Gilead Sciences agreed to buy Kite Pharma in a $11.9 billion deal on Monday, as it looks to fuel growth with an emerging class of cancer immunotherapi
Read MoreU.S. goods trade deficit widens in July; retail inventories fall
The U.S. goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to economic growth in the third
Read MoreSamsung Electronics to invest $7 billion to boost China NAND chip output
Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China?s northwestern ci
Read MoreIndia's crude steel output up 3.5% to 8.36 MT in July
India's crude steel production grew 3.5 per cent to 8.36 million tonnes (MT) in July this year, says the latest report by World Steel Association.The
Read MoreU.S. gasoline price jumps, crude falls as Harvey hits refiners
Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back
Read MoreVijaya Bank to raise Rs1,000 crore in QIP
State-run lender Vijaya Bank on Monday launched a Rs1,000-crore institutional sale of shares with a floor price of Rs66.36 per share.The Bengaluru-bas
Read MoreFPIs sell $2.1-bn equities in August, highest since November 2016
Foreign portfolio investors (FPIs) have sold equities worth $ 2.1 billion in August, amid concerns over steep valuations and tepid growth in the recen
Read MoreUrjit Patel seen holding bond quotas as India faces impossible trinity
Foreigners looking to buy Asia?s best bonds will probably have to wait.Reserve Bank of India?s governor Urjit Patel is unlikely to raise the quota on
Read More'Over 60% NBFC-MFIs adopted cashless disbursement models'
Demonetisation and the government?s push to adopt digital transactions have helped NBFC-MFIs? transition to cashless modes.A study released by Microfi
Read MoreAirtel, Symantec to offer integrated telecom and cyber security solutions to businesses in India
Bharti Airtel (Airtel), India?s top telecommunications services provider and Symantec Corporation, a global cyber security company, today announced a
Read MoreMobile wallet Mobikwik loss widens to Rs 109 cr; Founders Bipin Preet Singh, Upasana Taku see loss widen by 165 pct
Mobile wallet company Mobikwik has posted a loss of Rs 109 crore for FY16, according to the firm?s latest RoC filings. The company founded by Bipin Pr
Read MoreIKEA set to double local sourcing in India
Swedish furniture major IKEA is expected to increase local sourcing from the current levels and add about 20-30 suppliers from its 50-supplier base ov
Read MoreCare Ratings sees Q1 GDP growth at 6.5%
Domestic agency Care Ratings expects an acceleration in the June quarter GDP growth to 6.5 percent over the last year, up from the 6.1 percent in the
Read MoreNew FDI Policy Mentions Startups for the First Time, Allows 100% Funding by Foreign Venture Capital
In a big boost to startups, the new FDI policy has mentioned startups for the first time and also allowed them to raise 100% funds from foreign ventur
Read MoreRupee breaches 64-level
The rupee on Monday saw its biggest one-day appreciation in almost three weeks, with the currency closing at 63.91 to the dollar following a significa
Read MoreEarly estimates hit Rs 65,000 cr for July; know all the big numbers in brief
Going by the initial trend of tax collections under the goods and services tax (GST), the government seems to have little to worry about on the revenu
Read MoreCircular No.36/2017-Customs
Implementing electronic sealing for containers by exporters
Read MoreCircular No.35/2017-Customs
Guidelines for provisional release of seized imported goods pending adjudication under Section 110A of the Customs Act, 1962.
Read MoreCircular No. 1058/07/2017-CX
Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. 45/200
Read MoreNotification No.40/2017-Customs (ADD)
Seeks to impose anti-dumping duty on the imports of "Sodium Nitrite" originating in or exported from China PR.
Read MoreNotification No.39/2017-Customs (ADD)
Seeks to amend notification No. 49/2012 - Customs (ADD) dated the 26th November,2012 to modify the amount of anti-dumping duty on import of Caustic So
Read MoreNotification No.82/2017 Customs (N.T.)
Notification No.82/2017-Customs (N.T.) dated 24th August, 2017
Read MoreNotification No.RBI/2017-18/50
Auction of Government of India Dated Securities
Read MoreAirtel, Symantec ally for cyber security solutions
India?s largest telecom operator Bharti Airtel today announced a partnership with Symantec Corp to provide cyber security solutions to businesses in I
Read MoreReliance Industries, BP to use floating system to produce deepest D6 gas find
Reliance Industries and its partner BP plc of the UK plan to use a floating production system at high-sea in the Bay of Bengal to bring to production
Read MoreNandan Nilekani's Return Boosts Infosys Investors' Wealth By 9,400 Crores
Infosys shares surged as much as 5 per cent in early trade on Monday, boosting investors' wealth by over Rs. 9,000 crore, after the return of co-found
Read MoreL&T Construction Bags Orders Worth Rs. 1,975 Crore
L&T Construction, an arm of infrastructure major Larsen and Toubro (L&T), has won orders worth Rs. 1,975 crore across business segments. The orders h
Read MoreThe ECB shouldn't rush to end stimulus ? no matter what Germany says
Germany has remained a staunch critic of an extraordinarily easy monetary policy conducted by the European Central Bank. There are two main aspects to
Read MoreFiscal stimulus in downturns is safe even when debt is high
Government spending in a recession can boost a country?s economy without permanently bloating its public debt, even if the debt is already quite large
Read MoreGerman firms moving investments away from UK due to Brexit - DIHK
Many German businesses are beginning to shift investments away from Britain in anticipation of increased trade barriers after Brexit, the chief of the
Read MoreTo prevent influx of imports hurting Indian steelmakers, Centre set to raise this shield
The steel ministry has recommended keeping steel in the negative list under the proposed regional comprehensive economic partnership (RCEP) agreement,
Read MoreRBI governor Urjit Patel may hold bond quotas as India faces impossible trinity
Foreigners looking to buy Asia?s best bonds will probably have to wait. Reserve Bank of India?s Governor Urjit Patel is unlikely to raise the quota on
Read MoreIndia facing problem of severe under-employment, says Niti Aayog
Making a case for promoting highly productive and well paid jobs, Niti Aayog has said that not unemployment but a ?severe under-employment? is the mai
Read MoreIndia?s GDP growth picks up to 6.6 pct but GST fogs outlook
India?s economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried
Read MoreNew highway projects worth Rs 1 lakh crore in Rajasthan: Nitin Gadkari
The Centre plans to launch road projects worth Rs 1 lakh crore over the next two years and provide a robust highways infrastructure in Rajasthan, Uni
Read MoreGovernment mulling 2 per cent relief on GST for digital payments
You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case
Read MoreNew norms for solar power bids to enhance transparency, says Ministry of New & Renewable Energy
The Ministry of New & Renewable Energy (MNRE) today said its guidelines for tariff based bidding for procuring solar power would reduce risk, enhance
Read MoreDon't waste any more time, Aadhaar-PAN linking deadline unlikely to be extended
The income tax department is unlikely to extend beyond August 31the date for linking Permanent Account Number (PAN) and Aadhaar. Earlier this month, t
Read MoreGold stays range-bound
Gold remained broadly rangebound between $1,280 and $1,295 per ounce almost all through last week. The break below $1,280 on Friday was short-lived an
Read MorePetrol price up by Rs6 per litre since July, diesel by Rs3.67
Petrol price has been hiked by Rs6 per litre since the beginning of July and is now priced at its highest rate in three years with rates being revised
Read MoreEPFO mulls crediting ETF units to provident fund accounts
Retirement fund body EPFO is considering crediting subscribers? share of its investments in ETFs to their provident fund accounts which may be redeeme
Read MoreDLF expects Rs 13,000 crore infusion post GIC deal
India's largest realty firm DLF today said it expects an infusion of Rs 13,000 crore into the company, a better part from promoters, by December and t
Read MoreCoca-Cola pitches Kinley to counter local brands
The country?s largest beverage maker, Coca-Cola India, will soon launch two carbonated flavoured-water drinks under the Kinley brand in a bid to take
Read MoreNow, SFIO has powers to arrest people for violations of companies law
The Serious Fraud Investigation Office (SFIO) now has powers to arrest people for violations of companies law, with the government notifying relevant
Read MoreJSW makes another dash for troubled Italian steel mill
Sajjan Jindal?s JSW Steel is making a fresh attempt to buy Italian steel mill, Aferpi, formerly known as Lucchini, from its new owners, the Cevital Gr
Read MoreIndia Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi
India Inc is embarking on a record fundraising spree, bolstered by a sustained rally in the stock market and the flood of money sloshing around with d
Read MoreChina July industrial profits rise at slowest pace in three months
Earnings growth for China?s industrial firms cooled in July after accelerating for three straight months, reinforcing expectations the economy will sl
Read MoreCabinet may this week consider hike in GST cess on cars
The Cabinet may this week consider issuing an ordinance to increase the cess on mid- size, large cars and SUVs to 25 per cent from 15 per cent under t
Read MoreRupee set to soar as FPI inflows since January hit nearly $20 bn
Foreign portfolio investors (FPIs) are bonding with Indian debt like never before with investments between January and now hitting nearly $20 billion.
Read MoreFY18 Corporate earnings: Growth could slow sharply
With the June quarter profits coming in well below expectations, earnings estimates for FY18 are being trimmed with almost every sector having seen a
Read MoreGovernment notifies changes in Banking Regulation Act
The government has notified the Banking Regulation (Amendment) Act under which it can authorise the RBI to issue directions to banks to initiate insol
Read MoreHeritage Foods sees boost from value added products
Heritage Foods Ltd is seeking to increase its business from value added products to 40 per cent from the current 24 per cent. It has charted out a str
Read MoreDLF seals joint venture deal with GIC post promoters? Rs 9K crore stake sale
Realty major DLF today said it has entered into a joint venture with GIC to build rental assets in India after its promoters sold 33.34 per cent stake
Read MoreP2P lenders may be allowed to operate offline
In a bid to impart vibrancy to the fledgling peer-to-peer (P2P) lending space and also further the cause of financial inclusion, the Reserve Bank of I
Read MoreIndia?s US G-sec holdings at $130 b
WASHINGTON, AUGUST 27: India?s holdings of American government securities touched a one-year high of $130.3 billion at the end of June, according to
Read MoreOppo and Vivo plan to move cloud storage to India, following India's new directives on data security
Chinese smartphone brands Oppo and Vivo are planning to move their cloud service locations to India.According to a report by The Economic Times, a sen
Read MoreCureFit raises $25 million in fresh funding
Health and fitness platform CureFit, which was founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, has raised a fre
Read MoreIMF: We see a broad-based global recovery
The global economy is doing well, the chief economist for the International Monetary Fund told CNBC on Friday.The IMF's new forecast on the world's ec
Read MoreECB's Mario Draghi says global recovery is firming up, euro climbs
European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business lea
Read MoreGovernment revises target
Against the original estimate of building 1.8 crore houses for urban poor by 2022, now government would need to construct about 1.2 crore houses.Housi
Read MoreLabour intensive sectors continue to feel constrained by regulations: NITI Aayog
Despite lot of noise around labour reforms, labour intensive sectors continue to feel constrained by labour related regulations which make it difficul
Read MoreIndian industry not investing in job-intensive sectors: Arvind Panagariya
Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low job creati
Read MoreHero FinCorp in talks to raise Rs1,000 crore at $1 billion valuation
Hero FinCorp Ltd, the financial services arm of India?s largest two-wheeler maker Hero MotoCorp Ltd, is looking to raise up to Rs1,000 crore at a valu
Read MoreAustralian court dismisses appeal against Adani's $16 bn coal mine project
Indian mining giant Adani Group's $16.5 billion controversy-hit coal mine project in Australia cleared two more legal hurdles on Friday with a Brisban
Read MoreQantas to conquer ?last frontier? of commercial flight within 5 years
The Australian airline Qantas says it is committed to achieving the world's longest non-stop flight between London and Sydney by 2022.The flight betwe
Read MoreWestern Digital group to offer $17.4 billion for Toshiba memory chip unit
A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp?s memory chip business, which the Japanese co
Read MoreIndia becomes largest 2-wheeler market for Honda globally, dethrones Indonesia
India is now the largest two wheeler market globally, by volume, for Japanese automobile major Honda. Honda Motorcycle & Scooter India's (HMSI) volum
Read MoreInternet of things may end up contributing 15 per cent to telcos' revenue soon
Mobile phone operators in India will be betting on Internet of Things (IoT) as a future revenue generator beyond the traditional voice and data servic
Read MoreRBI panel seeks rights-based data privacy in household finance
There is a need to adopt a rights-based privacy framework in household finance rather than the widely prevalent consent-based approach, a Reserve Bank
Read MoreForex kitty slips marginally to $393.40 billion
After touching a record high, the foreign exchange reserves declined marginally, by USD 211.1 million, to USD 393.401 billion in the week to August 18
Read MoreAround 84 pct of Railways revenue comes via digital modes: Mohd Jamshed, member-traffic, Railway Board
Revenues of Indian Railways are more than Rs 1.65 lakh core per annum and moving all revenue streams to digital modes is a challenge. The carrier has
Read MoreCentre wants states to follow RERA in spirit
Taking a cue from a parliamentary committee that pulled up state governments, particularly those in Uttar Pradesh, Haryana and Gujarat, for diluting k
Read MoreCustoms department to do away with supervised sealing of containers from October
Keen to reduce inspector raj from movement of India's exports, the customs department is devising a plan that will allow goods to move from factory to
Read MoreMobile wallet transactions to touch Rs 32 lakh crore by 2022
The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022 and
Read MoreYellen Issues Broad Defense of Post-Crisis Financial Rules
Federal Reserve Chair Janet Yellen said any rollback of post-crisis financial reforms should be ?modest? because they?ve made the banking system safer
Read MoreBritain heads back to the Brexit table, plans in hand, economy in decline
Britain?s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch.
Read MoreGerman business confidence falls slightly in August
A closely-watched survey shows business confidence in Germany, Europe's largest economy, slipped slightly in August but that it remains relatively st
Read MoreChina's JD.com invests in Indonesia's Go-Jek amid SE Asia push
JD.com Inc (JD.O) has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China?s
Read MoreJapan's July consumer prices rise for 7th straight month
Japan's core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making stead
Read MoreMFs equity folio count rises 29 lakh in April-July FY'18
Equity mutual funds witnessed an addition of over 29 lakh investor accounts or folios in the first four months of the ongoing fiscal, primarily on acc
Read MoreTata Power plugs into e-vehicles trend, to set up 1000 EV charging stations in Delhi
Aiming to tap the growing business of electric vehicle (EV) charging, Tata Power Delhi Distribution (TPDDL) is set to spend about Rs 600 crore to upgr
Read MoreFDI proposals worth Rs 5,000 crore get government nod
Amazon Retail India, Blueair India, Supermarket Grocery and a few others have been given a nod to bring Rs 5,000 crore through foreign direct investme
Read MoreFDI flows into India to rise to 2.5% of GDP in five years
FDI inflows into India are likely to rise to 2.5% of GDP over the next five years, helped by economic growth and ongoing structural reforms, said a re
Read MoreGovt restricts import of gold, silver items from S Korea
The government today restricted imports of gold and silver items from South Korea in a bid to check spurt in inbound shipments of precious metals from
Read MoreDLF promoters to sell rental arm stake for Rs11,900 crore to GIC affiliate
India?s largest property developer DLF Ltd?s audit committee has approved a transaction by which the promoters will sell their stake in its rental arm
Read MoreRs 200 notes launched, RBI says will ramp up production
The Reserve Bank of India (RBI) said on Friday it is ramping up the production of the new Rs200 denomination notes and that it will make them availabl
Read MoreDeadline ends, figures suggest robust collections
As the extended deadline for filing the first tax returns under the goods and services tax (GST) ended on Friday evening, taxpayers inundated the GST
Read MoreChina may be crippling some of its largest companies with a crackdown on investment
China has tightened the purse strings on foreign investment, but the government's crackdown could completely backfire, hurting the very companies it's
Read MoreJapan's July consumer prices rise for seventh straight month
Japan?s core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making stead
Read MoreLow world inflation dogs central bankers, even as economies grow
The world?s top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow
Read MoreFrom Railways, defence, roads to economy; here is Niti Aayog?s Three Year Action Agenda
India has good prospects of achieving over 8 per cent growth within 2-3 years, Niti Aayog said today, while suggesting a host of reforms to ensure pro
Read MoreAir pollution at crisis levels in North India, says Niti Aayog; spells out three-year plan
Noting that air pollution has reached crisis level in Northern India, government think-tank Niti Aayog has recommended a slew of measures like imposin
Read MoreRs 5,253 crore road projects to benefit India, Nepal: Nitin Gadkari
Road projects worth Rs 5,253 crore are being implemented which would benefit both India and Nepal, Union minister Nitin Gadakri said today.The project
Read MoreTax-GDP ratio to go up: Niti Aayog
Niti Aayog has said demonetisation and other financial reforms by the government will have a significant implication on increasing the tax kitty. ?Sev
Read MoreEPFO to go paperless by August 2018
Retirement fund body Employees? Provident Fund Organisation (EPFO) will go paperless by August next year as part of Digital India initiative, which wo
Read MoreChinese demand drives domestic steel prices
Backed by strong demand from China, flat steel producers who raised prices at the beginning of August by up to Rs 3,000, one of the steepest in recent
Read MoreChina's cabinet expects information technology market to reach 6 trillion yuan by 2020
China's State Council on Thursday issued a guideline for the development of the country's information technology (IT) industry.The State Council expec
Read MoreUber Q2 bookings increase, loss narrows
Uber Technologies Inc on Wednesday reported a 16 per cent increase in quarterly bookings and a smaller loss than the previous period as the ride-servi
Read MoreLenders take 94% haircut in Synergies insolvency
The country?s first corporate resolution plan under the new Insolvency and Bankruptcy Code (IBC) has caused a ripple in the banking and finance indust
Read MoreRight to Privacy is a fundamental right, it is intrinsic to right to life: Supreme Court
The Supreme Court (SC) on Thursday ruled that privacy is a fundamental right because it is intrinsic to the right to life. "Right to Privacy is an int
Read MoreVFS Global acquires TT Services
VFS Global has completed the acquisition of visa service provider TT Services for an undisclosed amount. TT Services is a provider of integrated vis
Read MoreBiyani firm Future Supply Chain files IPO papers, to raise Rs700 crore
Future Supply Chain Solutions Ltd, the logistics arm of Kishore Biyani-led Future Group, on Thursday filed the draft prospectus for its initial public
Read MoreLumax Auto Technologies announces joint venture with Fanscisco Albero for oxygen sensors
Home-grown auto component company Lumax Auto Technologies Ltd today announced its joint venture with Francisco Albero S.A.U.,(FAE) Spain to manufactur
Read MoreIndia has potential for 8% growth in 2-3 years, says NITI Aayog
Prescribing policy measures to keep the economy on a strong footing, the NITI Aayog on Thursday said that India?s prospects of reaching the 8 per cent
Read MoreMinistries have the right to reject FDI proposals, DIPP clarifies
The right to reject a foreign direct investment proposal in a sector vests with the designated administrative ministry and not the Department of Indus
Read MoreMFI investors have to wait a while to reap benefits of digitisation
Private equity investors seeking to earn handsome return from India?s microfinance sector may need to be patient as the process of digital transformat
Read MoreBonds worth Rs 5,000 crore cancelled over rate haze
Power Finance Corporation, Indian Railways Finance Corp (IRFC) and Oriental Bank of Commerce have cancelled bond issues to collectively raise more tha
Read MoreJust Buy Live raises $100 million from Dubai-based Ali Cloud Investments
Just Buy Live, an online distribution platform connecting brands with retailers and small and medium enterprises, Thursday said it has raised a Series
Read MoreMitsui Sumitomo to buy Singapore insurer for $1.6 billion in SEAsia growth push
Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore?s First Capital Insurance for $1.6 billion from Canada?s Fairfax Financial Holdings (FF
Read MoreStagnant Investment, Weak Consumers Leave U.K. as G-7 Laggard
U.K. consumer spending barely grew in the second quarter, business investment stagnated and trade added nothing to growth, leaving the economy struggl
Read MoreEU worker exodus threatens UK food industry, some leaving already
Nearly half of businesses operating in Britain?s food supply chain say European Union workers are thinking about leaving because of uncertainty around
Read MoreCoal to account for 68% of total power mix by 2026
Coal will remain the foremost fuel preference for India's power sector and is expected to account for around 68 per cent of the total power mix by 202
Read MoreGold prices grow on sliding dollar, rise Rs150
Gold prices on Thursday made the most of a general weakness in the dollar by bouncing Rs 150 to Rs 29,850 per 10 grams, riding on a strong overseas tr
Read MoreDomestic mutual funds? net inflow at $32 bn in past 3.5 years
Domestic mutual funds in the past three and a half years have seen a consistent net inflow totalling $32 billion so far. ?Continued reforms by the gov
Read MoreBonds end mixed, Call rates finished lower
Government bonds (G-Secs) ended mixed in a quiet trade due to alternate bouts of buying and selling.While, call money rates finished lower due to lack
Read MoreBoI slashes interest to 3.5% for savings bank deposits up to Rs 50 lakh
Public lender Bank of India has reduced the interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits of up to Rs 50 lakh.
Read MorePSBs to get first tranche of funds infusion by September-end
State-run banks are likely to receive the first tranche of government funds for recapitalisation by the end of September, two sources with direct know
Read MoreIndia's Sterlite to invest $1 billion annually in Brazil power lines
Sao Paulo: India's largest power transmission company Sterlite Power Grid Ventures Ltd will invest around $1 billion per year in the next few years to
Read MoreDilip Buildcon to sell 24 road assets for Rs1,600 crore to Shrem Group
Infrastructure developer Dilip Buildcon Ltd has signed a term sheet with privately owned family business Chhatwal Group Trust (Shrem Group) to sell it
Read MoreTekplay Systems acquires three US-based companies
Digital business transformation company, Tekplay has acquired three US-based technology firms that would take the total revenue to USD 30 million by t
Read MoreStill looking for a global partner for new AMP platform: Tata Motors
Tata Motors is still looking for a partnership with other global automobile companies for its new advanced modular platform (AMP) despite talks with V
Read More25 lakh taxpayers file returns on penultimate day even as 25 lakh others save details on portal
The penultimate day for filing the first tax return under the goods and services tax (GST) saw the number of taxpayers having filed returns surge to 2
Read MoreNew Rs 200 note will be rolled out by RBI beginning August 25
The Union government on Wednesday confirmed that a new Rs 200 note will be issued by the Reserve Bank of India. The new denomination will hit ATMs and
Read MoreNandan Nilekani back at Infosys, named as Chairman of Board; R Seshasayee resigns as Chairman
Nandan Nilekani, the celebrated technocrat who seeded the idea of a unique identification number for every Indian, has returned to InfosysBSE 2.01 % t
Read MoreEconomic fog to clear in India as clutch of data to give clarity
Prime Minister Narendra Modi?s policies over the past year have shaken up the nation?s $2 trillion economy, making it tough for investors and advisers
Read MoreAgriculture exports may grow to $100 billion by 2022
The country's agricultural sector has potential to double farmer income and grow exports to $100 billion by 2022 from the present $36 billion, accordi
Read MoreIndia, Nepal ink eight pacts
India and Nepal today inked eight pacts, including on cooperation in countering drug trafficking. The pacts were signed after comprehensive talks bet
Read MoreApple reportedly scaled back its car ambitions because nobody could agree on what an Apple Car should do
The so-called "Apple Car" may never come to be, thanks in large part to a lack of agreement by Apple leadership as to what such a vehicle should do, r
Read MoreQ1 adjusted revenues of Top 3 telcos fall 4.7% sequentially
The telecom industry's adjusted gross revenue (AGR) fell 4.7% sequentially in the fiscal first quarter as Bharti Airtel, Vodafone India and Idea Cellu
Read MoreSequoia India to acquire Faces Cosmetics Canada from Everstone Capital
Venture capital firm Sequoia India on Wednesday said it had agreed to acquire Faces Cosmetics Canada, a Canadian colour cosmetics brand along with its
Read MoreCoca-Cola, PepsiCo hit hard by slow growth in soft drinks segment
Coca-Cola and PepsiCo plants for aerated sugary beverages are running at about half their capacities, underscoring a pronounced shift in consumer pref
Read MoreBrand IPL gets stronger, valuation soars to $5.3 billion
There's no stopping the Indian Premier League, even in its 10th year. As it continues to attract viewers and advertisers, the brand value of the 20-ov
Read MoreTatas seek to regain top steelmaker tag by hitching a ride on beleaguered Essar
Tata Steel, India?s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for re
Read MoreECB chief Draghi: QE has made economies more resilient
QE was introduced as an emergency measure during the financial crisis to pump money directly into the financial system and keep banks lending.A decade
Read MoreChina Paper mulls $5 billion bid for Brazil's Eldorado
China Paper Holdings (CPHL.SI) has joined a group of companies competing to buy control of Brazilian pulpmaker Eldorado Brasil Celulose SA, Folha de S
Read MoreMassive California verdict expands J&J's talc battlefield
A massive California verdict in a lawsuit alleging Johnson & Johnson's (JNJ.N) talc-based products cause cancer has opened a new front in the litigati
Read MoreEuro zone business growth maintains solid pace in August
Euro zone manufacturing businesses clocked their best month of growth in six-and-a-half years in August, offsetting the weakest services growth in sev
Read MoreBeing 'constructive', Britain outlines ways to end EU court supremacy
Britain will "engage constructively" with the EU to find an agreement on the future role of the European Court of Justice, but the rights of citizens
Read MoreToshiba Corp in advanced discussions to sell chips unit
Toshiba Corp is in advanced discussions to sell its chips unit to a consortium that includes Western Digital Corp, switching from a previously announc
Read MoreGoogle and Walmart team up to take on Amazon
Wal-Mart, the world?s biggest retailer, and Google, the internet?s predominant search engine, are teaming up in an attempt to challenge Amazon?s growi
Read MoreRBI to harmonise NBFC regulations: Deputy Governor
There is scope for harmonising the regulations covering non-banking finance companies (NBFCs) and the Reserve Bank is moving in that direction, Deputy
Read MoreIndia Inc?s Overseas Borrowing Jumps 57% In July
Indian companies raised $1.89 billion from overseas markets last month, 57.5 percent more than a year ago, data from the Reserve Bank of India showed
Read MoreCorporate bond yields rise as no immediate rate action seen
Corporate bond yields have risen over the previous few weeks as is evident from the pricing seen on some of the deals on Wednesday. Two sources indica
Read MoreFinancials of steel firms not trusted today, says SBI chief Arundhati Bhattacharya
Balance sheets of Indian steel companies lack transparency, and as such, they have lost the trust of banks, State Bank of India (SBI) chairman Arundha
Read MoreRERA forces builders to rush and change deadlines
A number of real estate projects have seen a leap in their delivery timelines in the wake of the implementation of Maharashtra RERA. A report by Knigh
Read MoreRIL project seen bumping up petrochemicals core profit by $300 mn
Reliance Industries Ltd's (RIL?s) first-of-its-kind ethane import project is expected to add $300 million to the operating profit of the petrochemical
Read MoreVedanta Resources Q1 operating profit up 48% at $777.8 mn
Diversified global natural resources giant Vedanta Resources today saw its operating profit swell by 48 percent to USD 777.8 million for the first qua
Read MoreSupreme Court to hear plea of Jaypee home buyers on Thursday
The Supreme Court on Wednesday, agreed to hear on Thursday a plea of several aggrieved flat-buyers who had booked their dream home in several projects
Read MoreIncome Tax department open to reducing withholding tax for companies
The income tax department is open to lowering the withholding tax rate for foreign companies which have income in India, a senior official said on Wed
Read MoreIndia's growth revival still a concern: D&B
Growth revival in India remains a "concern" due to subdued consumption and investment demand even nine months after demonetisation and nearly two mont
Read MoreRBI to issue Rs 200 notes: FinMin
The government today gave its go-ahead to the Reserve Bank to issue Rs 200 notes that will ease pressure on lower-denomination currency bills.The fina
Read MoreGST could increase cost benefits by 5% in 3 yrs
The implementation of goods and service tax (GST) could possibly increase overall benefits for retailers by up to 5 per cent over the next three years
Read MoreDebt resolution top priority in insolvency process, says IBBI chief
Resolution of indebtedness of a firm will be the top priority of all constituents of the insolvency and bankruptcy mechanism in the interest of the st
Read MoreGST amount collected hits Rs 50,000 cr mark from 20 lakh businesses
The government has collected goods and and service tax (GST) amount of Rs 50,000 crore so far with 20 lakh assessees having filed an interim tax retur
Read MoreInfosys shares jumps 3% on buzz of Nilekani?s return
Shares of Infosys on Thursday surged by nearly 3 % on stock exchanges amid reports that co? founder and former CEO Nandan Nilekani may come back to th
Read MoreNarendra Modi government unveils alternative mechanism to transform banking landscape in India
Any proposal to amalgamate banks must be initiated by boards of state-owned lenders and a merger must be based on commercial considerations, finance m
Read MoreOpen to suggestions on easing TDS rates: CBDT chief
The Central Board of Direct Taxes (CBDT) is open to suggestions on easing of tax deduction at source (TDS) rates, its Chairman Sushil Chandra has said
Read MoreHome sales recover as Mumbai touches 7-yr high
India?s home sales are staging a recovery from a slump last year, when the government suddenly cancelled most of the nation?s currency to crack down o
Read MoreSteel makers anxious as iron ore miners up prices over export demand
Merchant miners in Odisha have hiked prices of 62 Fe grade iron ore prices by more than nine per cent within two weeks as international prices climbed
Read MoreBears tighten grip on gold
With gold prices hovering around $1,300 per ounce internationally and about Rs.29,000 per 10 gm in India, bears are tightening their grip by raising s
Read MoreTata Power to sell non-core assets to trim debt
Tata Power Ltd is trying to sell non-core assets to reduce debt, chairman N. Chandrasekaran said, even as it struggles to find a solution to its vexed
Read MoreSebi to conduct fresh probe into Infosys-Panaya deal
The Securities and Exchange Board of India (Sebi) will conduct a fresh probe into corporate governance complaints against Infosys in connection with t
Read MoreGovt not considering ban on Rs 2,000 notes: Arun Jaitley
Finance Minister Arun Jaitley on Wednesday said the government is not considering banning Rs 2,000 notes, and the Reserve Bank will decide on the timi
Read MoreIndian microfinance loans grew 26% in Q1
The business of Indian non-banking finance companies-microfinance institutions (NBFCs-MFIs) has grown 26 per cent during the first quarter of the curr
Read MoreIndia's foreign reserves at record high: DBS
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investmen
Read MoreCabinet approves plans to merge some state-run banks
India's federal cabinet on Wednesday gave an "in-principle" approval for the consolidation of state-run banks by merging some of the lenders, televisi
Read MoreGoogle and Walmart unveil e-commerce partnership
Google and Walmart on Tuesday announced a partnership that will make the retailer's products available on the internet giant's online shopping mall.
Read MoreSBI Chief Says Mergers Can Reduce PSU Banks' Need For Government Capital
State Bank of India chairperson Arundhati Bhattacharya on Tuesday called for more consolidation among the public sector banks, saying this could reduc
Read MoreThe Chinese yuan has been on a tear, but it may have just hit its peak
China's yuan has been on a tear this year, but experts are predicting the run may be over ? and it may even be poised for a downturn.The yuan's rise h
Read MoreGovernment runs July budget surplus for first time in 15 years
July saw a surplus of ?0.2bn, compared with last year's deficit of ?0.3bn.For the four months so far this year, though, public sector net borrowing -
Read MoreMicrosoft launches 'Project Brainwave' for real-time AI
Software giant Microsoft has announced its Project Brainwave deep learning acceleration platform for real-time artificial intelligence (AI). With the
Read MoreNew Zealand doubles budget surplus forecast, cuts GDP growth projections
The New Zealand government more than doubled its budget surplus forecast this year but cut growth forecasts in a spending update on Wednesday, flaggin
Read MoreFed banks unanimous in keeping discount rate unchanged in July - minutes
All of the Federal Reserve's 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency loans ahead of the U.S centra
Read MoreRecord reserves turn costly cash pile for RBI
As India?s foreign-exchange reserves march toward the unprecedented $400 billion mark, its central bank faces a costly conundrum. To keep the rupee st
Read More11 states may see Rs 9,500 crore revenue loss this year under GST
Even though as a whole states' revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs
Read MoreTwo regional rural banks record over Rs.150-cr profit in FY17
Of the 56 regional rural banks (RRBs) in the country, two notched up net profit of over Rs.150 crore each during 2016-17. These are among the 49 RRBs
Read MoreRBL Bank cuts MCLR by 10-15 bps
RBL Bank has cut the marginal cost of fundsbased lending rates by10-15 basis points, effective from Tuesday, according to data on the lender?s website
Read MoreMTR Foods? parent company Orkla enters Indian confectionery space
Orkla Group, the Norwegian leader in branded consumer goods and parent company of MTR Foods Pvt Ltd, announced its foray into the Rs.8,200-crore India
Read MoreReserve Bank of India to introduce Rs 200 notes beginning September
Reserve Bank of India appears to be giving highest emphasis on how to avoid the possibility of an illegal trade of currency notes as it prepares to i
Read MoreData protection firm Druva raises $80 million in fresh funding
Druva, the global major in cloud data protection and management, on Tuesday announced $80 million of equity funding, bringing the total raised to appr
Read MoreSterling sinks to 8-week low vs. dollar
Broad gains for the dollar pushed sterling back towards lows from early July on Tuesday, the British currency weighed down by an uncertain economic ou
Read MoreNorway's wealth fund earns record $63 billion from investments in first half
Norway's sovereign wealth fund, the world's largest, reaped a record 499 billion Norwegian crowns ($63 billion) from its investments in the first half
Read MoreHindustan Copper to quadruple mine capacity
Hindustan Copper Ltd (HCL) is implementing mine expansion projects to increase production capacity by four times. It is also investing Rs 3,025 crore
Read MoreApr-Jun qtr sees PE investments of $6.3 bn
Private equity investment activity in India remained buoyant in the April-June quarter with investments worth USD 6.3 billion, a 51 percent rise in de
Read MoreRetail inflation hits cinema tickets, biscuits, chocolates, cigarettes
The pace of retail inflation quickened in personal computers, biscuits, laptops, cinema tickets and cigarettes in July, when the goods and service tax
Read MorePM Modi asks young CEOs to be soldiers of development
Prime Minister Narendra Modi on Tuesday called upon chief executive officers (CEOs) and entrepreneurs to identify and develop five items whose imports
Read MorePC sales in India dip 18 percent in June quarter to 1.75 million
The PC market in India registered an 18 per cent decline at 1.75 million units in April-June 2017 due to the impact of GST rollout but is expected to
Read MoreAs FPIs sell nearly $2 bn in August, markets lose 4%
With foreign portfolio investors (FPI) selling close to $2 billion worth of equities in last eight sessions, the markets have lost nearly 4% in August
Read MoreMFIs' loan portfolio increases 26 pc in Q1 to Rs 35k cr
The loan portfolio of micro- finance institutions (MFIs) increased by 26 per cent to Rs 35,045 crore in the first quarter ended June 2017, an industry
Read MoreEurope's Medicover picks up 22% stakes in MaxCure
Europe's leading healthcare provider Medicover has picked up 22 per cent stakes with an investment of Rs 100 crore in the MaxCure Group of Hospitals,
Read MoreJune quarter GDP to see modest recovery at 6.6%
India is expected to see a modest recovery in GDP growth at 6.6 per cent for the April-June quarter as compared to 6.1 per cent in January-March, whi
Read More'GVA growth to slow to 6.3% in Q1, weighed by GST, INR gains'
The country's gross value added (GVA) growth is likely to slow to 6.3 percent in April-June quarter of FY17 from 7.6 percent in the year-ago period, a
Read MoreEssar to pay Rs 75.48 more per share to ex-EOL shareholders
The Ruia brothers-led Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to ex-shareholders of Essar Oil (EOL) who tendered thei
Read MoreCairn adds another $249 mn to compensation claim from India
British oil explorer Cairn Energy plc has added another USD 249 million to the compensation it is claiming from India after the government set off a t
Read MoreNotification No.38/2017-Customs (ADD)
Seeks to impose anti-dumping duty on " TexturedToughened (Tempered) Glass ", originating in or exported from China PR
Read MoreNotification No.81/2017 Customs (N.T.)
Notification No.81/2017-Customs (N.T.) dated 17th August, 2017 [Effective from 18th August, 2017]
Read MoreNotification No.80/2017 Customs (N.T.)
Amendment to notification no. -83/2012- Customs (N.T.) dated 17.09.2012
Read MoreNotification No.79/2017 Customs (N.T.)
Amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIRs of Duty Drawback on Gold Jewellery, Silver Jewellery and Silve
Read MoreNotification No. 73 /2017 Customs
Seeks to further amend notification no. 60/2011-customs dated 14th july 2011 to give effect to renewed MoU on India-Bangladesh border haats.
Read MoreNotification No. 80/2017
[Notification No. 80/2017/F. No. 133/23/2015-TPL]
Read MoreNotification No.RBI/2017-18/49
Auction of Government of India Dated Securities
Read MoreIndia an important trade and investment partner for: Australia's Trade Minister
Indian visitors are expected to contribute 1.9 billion dollars to the Australian economy by 2020, Australia's Trade Minister said, describing India a
Read MoreHow succession algorithm in India?s family-owned businesses are changing
Business successions can be come messy ? both in family-controlled businesses such as Raymond, where there are multiple court battles being fought bet
Read MoreJute Corporation looks to tie up with Patanjali
The Jute Corporation of India (JCI) is planning a tie-up with Patanjali Ayurved for branding and promotion of jute diversified products, such as mini
Read MoreReliance Jio tower tenancies to help Bharti Infratel
Bharti Infratel is expected to be a big beneficiary of likely incremental tenancy additions by Reliance Jio Infocomm over the next nine months, which,
Read MoreCadila Healthcare, Torrent Pharma eyeing potential merger
The domestic pharmaceuticals sector may be set for a shake-up as Ahmedabad headquartered Cadila Healthcare led by Pankaj Patel and the Mehta family ba
Read MoreAustralia Court dismisses appeal against Adani coal mine project
Indian mining giant Adani Group?s 16.5 billion dollar controversy-hit coal mine project in Australia has cleared another hurdle with Brisbane Supreme
Read MoreMicrofinance institutions need upto Rs 11,000 crore over next three years
Microfinance institutions and small finance banks are likely to need an external capital of Rs 9,000-11,000 crore to grow at a CAGR of 25-30 per cent
Read MoreApril-June quarter sees PE investments of $6.3 billion
Private equity investment activity in India remained buoyant in the April-June quarter with investments worth $6.3 billion, a 51 per cent rise in deal
Read MoreGermans are worried Brexit will wreck their economy as China welcomes closer ties with UK
Germany?s finance ministry warned that the country?s economy could be sunk by Brexit if a trade deal is not reached.Meanwhile, the Chinese ambassador
Read MoreOPEC to discuss ending or extending production cut in November: Kuwait minister
OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait's oil minister Essam al-Marzouq told Kuwait TV on Monday."
Read MoreChina has more room to tackle debt - if it wants to
Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country?s growing debt problems without inflicting majo
Read MoreBOJ price goal a tall order, but Japan Inc not interested in more easing
A vast majority of Japanese firms do not want any further radical monetary easing, even though they believe the central bank's inflation goal will eit
Read MoreChina sets the yuan mid-point at 11-month high
China's central bank on Tuesday set the yuan's midpoint CNY=PBOC at 6.6597 per dollar, the strongest level since Sept. 22, 2016, as the Chinese curren
Read MoreIndia?s foreign reserves at record high: DBS
India?s foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investmen
Read MoreChina Construction Bank raising $15 bn in funding for Belt and Road deals, says sources
China Construction Bank Corp (CCB) is raising at least 100 billion yuan ($15 billion) for a fund to finance investments related to Beijing?s Belt and
Read MoreGST pulls down India Inc net by 15.7% to Rs 87,475 crore in Q1
India Inc profits dipped by 15.7 per cent to Rs 87,475 crore in the first quarter of the current fiscal, largely owing to destocking of goods by compa
Read MoreBoost clean energy, reduce emission or see economy dip: Piyush Goyal
Power Minister Piyush Goyal today underlined the importance of quickening efforts to promote clean energy and reduce greenhouse gas emission failing w
Read MoreIndia's June quarter GDP to see modest recovery at 6.6%: Nomura
India is expected to see a modest recovery in GDP growth at 6.6 per cent for the April-June quarter as compared to 6.1 per cent in January-March, whic
Read MoreIndia-focussed offshore funds, ETFs mop up $2.6 billion in Q1
India-focussed offshore funds and exchange-traded funds (ETFs) continued to receive robust flows during the June quarter (Q1), with inflows of $2.6 bi
Read MoreIndia slips to second slot in Q2 consumer confidence over job worries
Consumer confidence in India declined in the second quarter of calendar year 2017 to levels that existed a year ago, amid concerns regarding job secur
Read MoreCCI may include individuals under leniency scheme
The Competition Commission of India (CCI) is considering bringing individuals within the ambit of its leniency norms, which give the watchdog discreti
Read MoreBanks to pay 3% GST on gold imports: CBEC
Banks importing gold and precious metals will have to pay 3% tax under the GST which can be claimed as input tax credit, the government has said.Clari
Read MoreFDI jumps 37% to $10.4 bn during Apr-June 2017
Foreign direct investment (FDI) into the country grew by 37 per cent to USD 10.4 billion during the first quarter of the current fiscal, DIPP said tod
Read MoreBoI plans to cut savings bank rate
Baking cues from State Bank of India, Bank of India is also contemplating to effect a cut in its savings bank rate.The bank's Executive Director, R A
Read MoreTotal to Buy Maersk?s Oil and Gas Business for $4.95 Billion
The Danish container shipping company A.P. Moller-Maersk said on Monday that it had agreed to sell its oil and gas business to the French energy giant
Read MoreIraq plans major change to oil pricing for Asia
Iraq has informed its customers that it plans to switch its price benchmark for Basra crude in Asia to DME Oman futures from January, dropping the ave
Read MoreMFIs, SFBs will need Rs11,000 cr funding in FY18 to mitigate demonetization impact: ICRA
Microfinance institutions (MFIs) along with small finance banks (SFBs) will need around Rs11,000 crore equity funding in financial year 2017-2018 in o
Read MoreTata Motors to invest Rs1,500 crore in commercial vehicles business, focus on cost cutting
Tata Motors Ltd Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profi
Read MoreRosneft seals first Asian refinery deal with Essar Oil purchase
Russian oil major Rosneft and partners closed their $12.9 billion purchase of Indian refiner Essar Oil on Monday, giving them a foothold in one of the
Read MoreIndian rupee to hit 62.50 level? Here is what may make it happen
With close to Rs 30,000 crore of insurance IPOs lined up over the next few months, significant participation by foreign portfolio investors? (FPI) is
Read MoreRs 40,000 cr received from 13 lakh assessees; 22 lakh yet to file returns
The government has collected a gross goods and service tax (GST) amount of Rs 40,000 crore so far with 13 lakh assessees having filed an interim tax r
Read MoreEssar Oil owes Indian banks Rs 40,000 cr, but company to pay back just Rs 4,000 cr to lenders; check out justification
Indian banks will be repaid only Rs 4,000 crore or $600 million of the repayments of Rs 36,000 crore ($5.6 billion) that the Essar Group intends to ma
Read MoreDena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh
Public sector Dena Bank today cut interest rate on savings account deposits up to Rs 25 lakh by 0.5 per cent to 3.50 per cent. Those having deposits o
Read MoreMcDonald's ends CPRL license; 169 outlets in North, East face closure
McDonalds India on Monday announced it had terminated its franchise agreement with Vikram Bakshi's Connaught Plaza Restaurants. The 169 restaurants op
Read MoreTata Motors to pump in Rs 4k crore this fiscal to launch products
Homegrown auto major Tata Motors today said it will invest Rs 4,000 crore in the current fiscal to bring new passenger and commercial vehicles to the
Read MoreBanks to pay 3% IGST on gold imports
Banks importing gold and precious metals will have to pay 3 per cent tax under the GST which can be claimed as input tax credit, the government has sa
Read MoreStrong Canadian economy expected to boost bank earnings
A robust Canadian economy is expected to carry the country?s big banks to solid second-half results, but the first tentative steps out of an era of ul
Read MoreMaersk agrees to sell oil unit to Total in $7.45 bln deal
Denmark's A.P. Moller-Maersk said Monday it had agreed to sell its oil and gas division, Maersk Oil, to French oil major Total SA for $7.45 billion. U
Read MoreUAE GDP to expand by 2.9 per cent in 2018 as oil production returns to growth
The UAE's economy will expand by 2.9 per cent in 2018 as oil production returns to growth, according to BMI.The economy will expand after curbs in oil
Read MoreJapan's manufacturers most optimistic in a decade as economy grows - Reuters Tankan
Confidence at Japanese manufacturers rose in August to its highest level in a decade led by producers of industrial materials, a Reuters poll showed,
Read MoreGold consignments from South Korea to face strict customs scrutiny
The Customs authorities have decided to examine thoroughly the consignments of gold coming from South Korea to ensure that there is no violation of pr
Read MoreFPI net outflow from equities at Rs 7,344 crore in August
Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets this month so far as they flee to safe haven assets
Read MoreGST to enable brand licensing industry to grow in India
The implementation of Goods and Services Tax (GST) will enable brand licensing industry to grow in India and also allow retail industry to start respe
Read MoreConsumer confidence in India drops in Apr-Jun: Nielsen
Consumer confidence in India declined in the second quarter of this year amid concerns regarding job security and lower optimism on employment prospec
Read MoreRetail inflation to be well within RBI's 2-6 pc target: BofAML
Retail inflation is likely to stay well within the RBI's 2-6 per cent mandate in the coming months and accordingly, the central bank is expected to cu
Read MoreHong Kong clocks 40 per cent increase in trade with India in H1 of 2017
Hong Kong has registered a hefty 40 per cent increase in trade with India in the first half of 2017 at USD 18.3 billion, the highest growth rate among
Read MoreIncome tax scrutiny to remain limited despite ITR filings surge
The income tax department will maintain the number of income tax returns (ITRs) chosen for scrutiny at the current level of less than 1% of all return
Read MoreGovernment extends GST return filing date to August 25
The government on Saturday extended till August 25 the last date for filing returns and payment of taxes under the GST regime after the GSTN portal fa
Read MoreForex reserves in India set to hit $400 bn mark; gain strongest in Asia; in brief, all you need to know
India?s foreign exchange reserves are set to hit the $400-billion mark. It already touched a new high of $393.61 billion as on August 11, 2017, and th
Read MoreCoal imports slip 6.37% in FY17
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a regi
Read MoreSafe haven demand lifts gold
Gold prices reversed sharply higher after falling initially in the past week. The global spot gold prices fell to a low of $1,268 per ounce on Tuesday
Read MoreDeposit rate cuts to lift banks' net interest margins by 15-18 bps
The recent spate of cuts in savings rates will help Indian banks improve their net interest margins (NIMs) by 15 to 18 basis points(bps), although the
Read MoreHere Is the Way to Find Out if the Euro Is Giving Mario Draghi Sleepless Nights
A Deutsche Bank economist has found a way to gauge how concerned Mario Draghi might be about the euro. As Mark Wall points out, the ECB president has
Read MoreLarge public firms likely to reduce capex pace in FY18
While the Centre?s investment spending vis-?-vis the gross domestic product (GDP) is projected to decline in the current fiscal, the central public se
Read MoreRenewables slip in Q1 as thermal regains top slot
For the first time in history, India added more renewable capacity than thermal power in FY17, but the latter regained the top slot in the first quart
Read MoreBank of India puts bad loans worth Rs 3,169 crore on sale
Public sector lender Bank of India (BoI) plans to sell bad loans worth Rs 3,169 crore to clean up its balance sheet. The Mumbai-based lender has sough
Read MoreGovt all set to hike GST cess on luxury cars, via ordinance
The government is set to promulgate an ordinance within weeks, allowing an increase in goods and services tax (GST) cess on luxury cars and SUVs, as i
Read MoreBPCL lines up Rs 18,000 crore for refinery expansion
State-run Bharat Petroleum Corporation Ltd (BPCL) is set to invest at least Rs 18,000 crore on expansion of its refineries in the next five years, in
Read MoreHonda Cars Gets Green Nod For ? 1,577-Cr Expansion Project
Honda Cars has received the environment clearance for a ? 1,577-crore expansion project at its Tapukara plant in Rajasthan. Honda Cars India Ltd (HCIL
Read MoreIOC to invest Rs 52,000 cr in Paradip refinery post pact with Odisha govt
State-owned Indian Oil Corp (IOC) will invest about Rs 52,000 crore in expanding Paradip refinery and setting up petrochemical complex after the Odish
Read MoreFirms better placed to service debt
In what could be music to lenders? ears, corporate India is showing initial signs of improvement in its debt-servicing capability. The combined intere
Read MoreInfosys stares at turbulence, experts see departure of key executives, client churn
Infosys might have to prepare itself to lose clients and key executives who supported the software-plus-services model that former chief executive Vis
Read MoreEssar, Rosneft complete $12.9-billion deal
Decks have been cleared for the biggest foreign acquisition ever in India. The completion of the $12.9-billion Essar Oil buyout by Russian government-
Read MoreIncome-tax (22nd Amendment) Rules, 2017
Publish Date : Friday, August 18, 2017
Domestic air traffic growth slows to 12.4% in July
Domestic air traffic rose 12.4 per cent in July- the slowest in 2017- on the back of slower capacity addition and grounding of eight planes by IndiGo,
Read MoreRupee appreciation begins to pinch textile exporters as orders dry up
Orders are drying up for textile exporters because of rupee appreciation relative to the dollar and the weakening of competing currencies such as the
Read MoreReliance Nippon Life AMC Files IPO Papers; Eyes Rs. 18,000 Crore Valuation
Anil Ambani-led Reliance Group's asset management arm today filed draft papers with markets regulator Sebi to float an IPO, which is expected to value
Read MoreGST Return Filing: How to handle discounts and additional cost
One of the sea changes brought about by the GST era is the way we determine the value of goods and services. As a business, one needs to be aware of t
Read MoreNPA resolution: RBI chief calls for recapitalisation of banks
Reserve Bank Governor Urjit Patel today called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as ba
Read MoreKL economy up 5.8% on robust exports, domestic demand
Malaysia's economy expanded at the fastest pace in more than two years in the second quarter on the back of domestic demand and robust exports, defyin
Read MoreN.Y. Fed raises U.S. third quarter GDP growth view above 2 percent
The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this w
Read More70 years of Indian Economy: A whistle stop tour
The Indian economy had stagnated in the last five decades of colonial rule. It is thus no surprise that Vallabhbhai Patel said in a speech a few days
Read MoreIndia will benefit from growing tax revenue in FY 2018 says DBS
India?s tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018,
Read MoreIndia needs to grow at 9-10 per cent to lift millions out of poverty: Amitabh Kant
India needs to grow at 9-10 per cent per annum for the next three decades for lifting millions of people out of poverty, Niti Aayog CEO Amitabh Kant s
Read MoreGovernment doubles child care allowance for women with disabilities
The Centre has doubled to Rs 3,000 per month the child care allowance for women with disabilities. At present, the allowance of Rs 1,500 per month is
Read MoreInfosys announces Rs 13,000 crore buyback.
The Infosys board today approved a share buyback program of up to Rs 13,000 crore. The buyback price of Rs 1,150 per share is nearly 25 per cent highe
Read MoreWeak consumer sentiment despite improved economy
THE Malaysian economy grew 5.8% in the second quarter, which is the fastest since the period between January and March 2015. For the whole year, the e
Read MoreP-note investors return to Mauritius as FPIs
Even as participatory notes (P-notes) become unattractive for taking positions, many investors are now looking to enter India using the foreign portfo
Read MoreChina to limit overseas investments in real estate, sports
China's government is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of
Read MoreApprovals to start-ups for tax sops multiply as govt softens stand
Faced with criticism over the slow pace of approvals to start-ups for tax sops, the government has speeded-up the process with as many as 55 ventures
Read MoreOil jumps three percent as dollar falls, U.S. rig count drops
Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekl
Read MoreJSW Energy finds itself in an accidental 'lender' role
As the clock is ticking, two of JSW Energy's big acquisition targets in the power sector are moving farther from a possible deal closure. In the scena
Read MoreProject delays, cost overruns continue to plague infra sector
In his Independence Day speech, Prime Minister Narendra Modi highlighted the dismal pace of project implementation in India when he said that while ?a
Read MoreGold plunges Rs 190 on fall in demand
Gold slipped below the Rs 30,000 -mark by falling Rs 190 to Rs 29,860 per 10 grams at the bullion market today on muted demand from local jewellers ev
Read MoreBonds rebound, call rates turn higher
Government bonds (G-Secs) staged a smart recovery on fresh demand from corporates and banks, and the overnight call money rates turned higher followin
Read MoreSavings bank rate cut to up competition for HFCs from banks
Housing finance companies are likely to face tough competition in the mid-to-large ticket segment, if banks start revising downwards their lending rat
Read MoreForex reserves hit record high of $393.612 billion
The country's foreign exchange reserves rose by USD 163.8 million to touch a new life-time high of USD 393.612 billion in the week ended August 11, he
Read MoreICICI Bank cuts interest rate on savings account by 0.5% on deposits below Rs 50 lakh
Private sector lender ICICI Bank today reduced interest rate on savings accounts by 50 basis points to 3.5 percent on deposits below Rs 50 lakh.The in
Read MoreFPIs turn net sellers of debt in previous three sessions
Foreign Portfolio Investors (FPIs) turned net sellers of Indian debt to the tune of $195.38 million in last three consecutive sessions, data from depo
Read MoreAfter pause in October, RBI may deliver final rate cut in December: BofA-ML
The Reserve Bank will pause at the next policy review and go in for a final 0.25 per cent rate cut in the December review on comfortable inflation, a
Read MoreGST impact: India Inc profits dip 11% in Q1 on de-stocking
The impending goods and services tax (GST) regime has made a dent on India Inc?s earnings for the April-June period, with profit growth falling to a f
Read MoreGetting to the core of global inflation
Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent th
Read MoreGovt extends deadline for filing GST returns for some businesses
The government on Thursday extended the deadline for businesses to file their goods and services tax (GST) returns for July, the first month since imp
Read MoreRBI to release new Rs 50 notes soon
The new Rs50 banknote will be issued shortly by the Reserve Bank of India (RBI) under the Mahatma Gandhi series, the central bank said in release on F
Read MoreUB Pravin Rao named interim Infosys CEO: A man who was hired and nurtured by Narayana Murthy
Infosys today appointed UB Pravin Rao as interim chief executive officer and managing director of the company. Pravin Rao is currently the chief opera
Read MoreHigher cess under GST may hurt luxury car market
India's luxury-car market, which was bracing for double-digit growth, may hit a roadblock if the government implements the decision to raise the cess
Read MoreXiaomi's offline sales now account for 20% of its overall India sales
Chinese smartphone maker Xiaomi's direct-to-retail approach to boost its offline sales appears to be paying off well in India - its biggest market out
Read MoreJapanese fashion brand Uniqlo may delay India entry
The entry of Japanese fashion brand Uniqlo, a global rival to Zara and H&M, is likely to be delayed by up to two years, a source said.The brand was pl
Read MoreDLF-GIC deal for 40 pct stake in DLF rental arm enters final lap
The deal between India?s largest realty developer DLF and Singapore?s sovereign wealth fund GIC for a 40% stake in DLF Cyber City Developers (DCCDL) h
Read MoreChina's new problem: 'Frenzy' of consumer lending creates debt 'explosion'
The Chinese government is moving to tackle high debt levels, but the country is still borrowing more, Deutsche Bank said in a report released Thursday
Read MoreUK retail sales growth continues in July
The volume of sales grew by 0.3% compared with June, the Office for National Statistics (ONS) said.However, the figure for June's retail sales growth
Read MoreNew BRICS bank plans $1.5 billion lending for South African projects
A New Development Bank (NDB) set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects
Read MoreChinese banks battle slowing loan growth, default risks loom
Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising
Read MoreI-T plans to pursue property-holders who have never filed income tax returns
Income tax authorities plan to pursue those who have properties in their name but haven?t ever filed income tax returns on the suspicion that these ma
Read MoreQuarterly headline inflation in first half to be between 2-3.5%: RBI
The Reserve Bank of India, in its second bi-monthly Monetary Policy Committee meeting, has projected quarterly average headline inflation in the range
Read MoreClimate change costs India $10 billion every year: Government
Extreme weather events are costing India $9-10 billion annually and climate change is projected to impact agricultural productivity with increasing se
Read MoreUS factory output down in July on tumbling auto production
A slump in the auto industry drove U.S. factory output down in July and has kept it flat for months.The Fed said Thursday that factory production drop
Read MoreFiling a revised tax return is quite easy
If you are one of the last-minute filers of income-tax returns, it is quite possible that mistakes have crept in some computation or other. For instan
Read MoreOil rises more than one percent on bets U.S. inventories falling
Oil prices rose on Thursday as renewed attention was put on U.S. oil stockpile declines after an industry report suggested oil inventories at the Cush
Read MoreAlibaba profit nearly doubles on robust revenues
Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core sho
Read MoreEconomists expect GVA to grow higher at 6.3-6.5% in Q1FY18
After slumping to a low of 5.6 per cent in the fourth quarter (Q4) of the previous financial year (FY17), gross value added (GVA) is expected to grow
Read MoreMutual funds pip FIIs in net investments
Mutual funds (MFs) have surpassed foreign institutional investors (FIIs) in net investments in Indian stocks in 2017 after the latest bout of selling
Read MoreMFs pump over Rs 41,000-cr into stock markets during April-July
Mutual funds managers pumped more than Rs 41,000 crore in the stock markets during April-July of the current financial year (FY) because of strong par
Read MoreForex reserve may cross $400 bn mark by Sept first week
If the present pace of dollar accretion to the forex kitty continues, which crossed past the USD 393 billion, the reserves may hit the USD 400-billion
Read MorePNB, HDFC Bank cut interest rate on savings account by 50 bps to 3.5%
Two leading lenders Punjab National Bank (PNB) and HDFC Bank on Thursday slashed interest rate on savings bank accounts by 50 basis points to 3.5% on
Read MorePE investments in India jump 48% to $1.22 billion in July: Grant Thornton
Private equity (PE) investments in India jumped 48% in value terms to $1.22 billion in July over the same month last year, mainly driven by big ticket
Read MoreBSNL sees FY17 revenue holding up despite tough competition
State-owned Bharat Sanchar Nigam Ltd (BSNL) today said it expects revenue from operations for 2016-17 to be flat at Rs 28,477 crore, despite a "tough"
Read MoreCentre might create Rs 16K-cr fund to push stalled hydro projects
The Centre is planning to create a hydro-development fund to give a push to stalled hydro projects facing cost overruns owing to delays. While the Cab
Read MoreBig relief for taxpayers, GST deadline to file returns extended by CBEC to August 28
In what could bring relief to small taxpayers with cash flow issues, the Central Board of Excise & Customs (CBEC) has extended the deadline for taxpay
Read MoreRising demand, protectionist steps to boost Indian steel companies' earnings: Moody?s
Top Indian steel companies are likely to fatten their earnings in the next 12 months, riding on rising domestic demand and protectionist measures, and
Read MoreRaymond buys Ansell?s stake in their joint venture JK Ansell
Twenty-one years after it formed an equal joint venture with Australia?s Ansell Ltd to make KamaSutra condoms, Raymond Ltd has bought out the partner?
Read MoreDuty-free imports put pressure on gold prices
Gold is being sold in the local markets at a discount of $10 per troy ounce as rising duty-free imports of gold coins and medallions from South Korea
Read MoreUber, Ola now in battle for corporate ride-share
Amidst a hurricane of controversies, which forced its founder Travis Kalanick to step down, ride-sharing app Uber is now looking for new business mode
Read MoreIndia is now the hottest destination in the retail space
India has topped the Global Retail Development Index in 2017, overtaking China. During the first six months of the year, there were 70 new brands whic
Read MoreCPI, WPI inflation to rise further in coming months, says Morgan Stanley report
Retail and wholesale inflation accelerated in July and the uptrend is likely to continue in the coming months, limiting the space for further monetary
Read MoreGVK renews talks for stake sales in arms
Weighed down by liabilities exceeding assets and auditors casting ?significant doubt? on its survival, GVK PowerBSE 4.39 % & Infrastructure has renewe
Read MoreTata Sons to scrap all business dealings with Cyrus Mistry's group, putting huge money at risk
The board of Tata Sons under N Chandrasekaran has ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry?s SP Group,
Read MoreJapan's exports rise in July, underpin strengthening economy
Japan's exports rose for an eighth straight month in July on robust shipments to the United States and a boost from a weak yen, suggesting the economy
Read MoreUK exporters' confidence softens, says British Chambers of Commerce
The British Chambers of Commerce said on Thursday that exporters' confidence has softened slightly, due to concerns about currency fluctuations and a
Read MoreFed policymakers grow more worried about weak inflation
Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear
Read MoreQatar?s economy takes a hit after Saudi-led boycott, expansion in 2017 expected at slowest pace since 1995
Qatar?s economy will expand this year at the slowest pace since 1995, according to economists surveyed by Bloomberg this month, as the impact of a Sau
Read MoreAnti-dumping duty likely on a chemical from Canada, China, EU
The government may impose anti- dumping duty of up to $120.14 per tonne on a chemical used in sectors such as dyes and pharmaceuticals from Canada, Ch
Read MoreRBI Governor Urjit Patel pushed 0.25% rate cut, transmission by banks: MPC minutes
RBI Governor Urjit Patel had opted for a moderate rate cut of 25 basis points arguing that low food prices were unusual and vulnerable to upward press
Read MoreSmart cities to drive video surveillance market in India: Seagate
As the drive to build smart and secure cities gains momentum, the relevance of video-based surveillance to ensure safety at workplace and beyond has i
Read MoreHere's how a missing column in GST return form is creating trouble for India Inc
A top conglomerate may have to shell out a bit extra in advance tax this quarter due to an unusual glitch in the tax returns form. Another Delhi-base
Read MoreGrowth, inflation to trend higher in next 6-12 months: Nomura
Economic growth and inflation are expected to trend higher in the next 6-12 months and the Reserve Bank is likely to stay on a prolonged pause, says a
Read MoreGold unwinds as Korea tensions ease
As expected, gold prices have begun winding down from their recent high of $1,291 an ounce, with the waning of the tensions between the US and North K
Read MoreGST relief for industrial units in Himalayan, N-E region
As many as 4,284 industrial units in the North East and Himalayan States will get GST relief in the form of refund of Central share of CGST and iGST.T
Read MoreNon-oil exports continue to decline sequentially on strong rupee, GST
Non-oil exports have contracted, month-on-month, since April. Exports of petroleum and related products have been rising in the first four months of 2
Read MoreNew products see passenger vehicles exports grow 12 pct in April-July
Led by Ford India, the passenger vehicles export for the first four months of the current fiscal grew 12% to 247,047 units as compared to 220,619 unit
Read MoreIndia-focused offshore funds, ETFs see inflow of $4.6 billion in FY18 so far
India-focused offshore funds and exchange traded funds (ETFs) have received net assets worth $4.6 billion in this fiscal so far, a report said. The ca
Read MoreMarket valuations expected to stay high over next 3 years
The Indian equity market is trading at a premium to its historical average and its valuations are expected to stay high over the next three years, say
Read MoreAverage cash balance with funds steady at 4.9 pct: BofAML
Average cash balance with funds has been steady at 4.9% globally, which is above the past 10-year average of 4.5%. BofA Merrill Lynch August Fund Mana
Read MorePortfolio managers' assets swell to Rs 13 lakh cr in July-end
Wealthy investors continued their faith in portfolio managers or advisory services as the asset base of such entities crossed Rs 13 lakh crore in the
Read MoreYes Bank savings account interest rates cut; turns 5th lender to do so
Mid-sized private lender Yes Bank on Wednesday became the fifth bank to reduce interest rates on savings accounts. With effect from September 1, savin
Read MoreBanks pick old, smaller accounts to refer to NCLT
After initiating insolvency proceedings against 12 large borrowers, following the Reserve Bank of India?s (RBI?s) directive, most banks are drawing up
Read MorePaytm Mall to invest $5 million to address shopkeepers? needs
Paytm Mall, owned by Paytm E-commerce, on Wednesday said it will support its shopkeepers to take on online retailers and will invest up to $5 million
Read MoreMars Food announces open offer for Tasty Bite
Mars Food today announced an open offer of up to Rs 352 crore to acquire 25.77 per cent shares from public shareholders as part of its plan to complet
Read MoreIndia Inc has highest cost reduction targets, reveals Deloitte
Indian companies have set the most aggressive cost reduction targets in the Asia Pacific (APAC) region, with 44 per cent of companies looking at cost
Read MoreTata Power's Q1 output recorded at 12.4 bn units
Tata Power today said its generation during April-June quarter was recorded at 12.4 billion units, and the current installed capacity stands at 10,466
Read MoreIndia's inflation to rise further in coming months: Morgan Stanley
Retail and wholesale inflation accelerated in July and the uptrend is likely to continue in the coming months, limiting the space for further monetary
Read MoreSebi eases rules for lenders buying stake in distressed companies
Markets regulator Sebi has notified relaxed norms for stake purchase in distressed listed companies by lenders, exempting them from making open offers
Read MoreFoodgrain output estimate revised to record 275 million tonne
The agriculture ministry on Wednesday revised its earlier foodgrain output estimated by more than two million tonne (MT) to a record of 275.68 MT for
Read MoreUnion Cabinet approves new metro rail policy
The central government will approve and aid metro rail projects only if they have private participation and ensure last-mile connectivity for users, u
Read MoreNotification No.25 /2017-Central Excise (N.T.)
Seeks to amend Notification No. 45/2001-CE (NT) dated 26 June, 2001
Read MoreNotification No.78/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.
Read MoreNotification No. 72 /2017 Customs
Seeks to supersede Notification No. 27/2002- Customs dated 1st March, 2002 and to provide exemption to temporary import of goods from Customs duty lev
Read MoreNotification No. 71 /2017 Customs
seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to 1> Increase the BCD on crude soya bean oil from 12.5% to 1
Read MoreNotification No. 79/2017
[Notification No. 79/2017/F. No. 370142/18/2017-TPL]
Read MoreNotification No.RBI/2017-18/48
Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
Read MoreNotification No.RBI/2017-18/47
Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
Read MoreNotification No.RBI/2017-18/46
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2017-18/45
Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)
Read MoreNotification No.RBI/2017-18/44
Appointment of nominated counsel in the Hon?ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
Read MoreCorporate India's growth ambitions hit a fresh bump
Corporate India?s growth ambitions hit a fresh bump in the April-June 2017 quarter. Consumption growth again took a knock after showing a mild recover
Read MoreGovernment stake in EIL down to 54.17 pct, corners Rs 659 crore buyback
The government shareholding in Engineers India Ltd has fallen to 54.17 per cent after it sold some shares under the company?s buyback programme. It ha
Read MoreWilful defaulters owe Rs 92K cr to PSU banks
Public sector banks have reported 20 per cent jump in the outstanding loans by nearly 9,000 wilful defaulters who collectively owed to lenders more th
Read MoreRBI may be right on inflation, economists temper their expectations
The Reserve Bank of India's conservative inflation forecast for the fiscal year which was criticised, may indeed be turning out to be true as economis
Read MoreSingapore exports seen rising for third straight month in July
Singapore's non-oil domestic exports in July likely rose from a year earlier for a third straight month, supported by strength in electronics exports,
Read MoreUK inflation holds steady in July as price pressures ease
British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households' spending pow
Read MoreUDAY no panacea, pushed states? fiscal deficit by 0.7%
Central government scheme UDAY for revival of debt-stressed discoms is not a panacea and bonds issued under this has increased states? gross fiscal de
Read MoreIndia's real GDP growth to average at 7.4% over 2017, 2018: Deutsche Bank
India's growth momentum will get stronger with revival in private investment cycle and real GDP growth is expected to average at about 7.4 per cent o
Read MoreRCom's merger with Aircel gets NCLT nod
The decision of the National Company Law Tribunal to approve the merger of Reliance Communications (RCom) and Aircel provides major relief for the Ani
Read MoreEurozone Industrial Output Falls For First Time In 4 Months
Eurozone industrial production declined for the first time in four months in June, Eurostat reported Monday.Industrial production decreased 0.6 percen
Read MoreGeneral insurance companies register 9% growth in July
General insurance companies continued to register positive growth at 9% (year-on-year) in gross direct premium in the month of July. However, compared
Read MoreInflows from small towns push MF assets to sniff at Rs 20 tln
Led by an over 41 per cent surge in inflows from small towns or the B15 cities, assets under management (AUM) of the mutual fund industry rose 30.35 p
Read MoreFPI investment in India soars to record $19 bn in 2017
Foreign portfolio investors? (FPIs) investments in the Indian debt market have crossed a record $19 billion this year. Friday saw the first outflow of
Read MoreMars Food inks pact to buy maker of Tasty Bite
Mars Food ? part of Mars Inc ? is acquiring Preferred Brands International, which owns the Tasty Bite brand, a ready-to-eat Indian and Asian food pro
Read MoreWholesale inflation at 1.88 per cent: Retail inflation up to 2.36 per cent in July on higher food prices
Both retail and wholesale price inflation rose in July, mainly due to a sharp jump in tomato prices that impacted food inflation. Consumer price infla
Read MoreIndia's Exports Growth Slows More in July
India's exports grew 3.9% from a year earlier to $22.54 billion in July, government data showed Monday.That marked the eleventh straight-month of inc
Read MoreChina?s debt on a dangerous trajectory: IMF
China?s massive debt is on a ?dangerous? path, raising the risk of a sharp slowdown in growth, the IMF warned on Tuesday, urging Beijing to speed up s
Read MoreDomestic steel output up 4.6% at 8.5 MT in July
Domestic crude steel production witnessed a 4.6 per cent increase at 8.45 million tonnes (MT) in July, according to official data.This is against the
Read More?Letters of undertaking? norms eased
The Finance Ministry has further liberalised norms for letters of undertaking (LUT) to help exporters facing difficulties consigning shipments on time
Read MoreHDFC Bank plans to raise Rs 15,000 cr via infra bonds
HDFC Bank plans to raise up to Rs 15,000 crore through infrastructure bonds. The proceeds could be deployed to finance projects in various infrastruct
Read MoreDebt assets swell 32% to Rs 11 lakh cr amid easing of rates
The last one year has been good for debt mutual funds, with the segment?s assets under management growing 32% to Rs 11 lakh crore at the end of June 2
Read MoreLife insurers' new business premium surges 47% to Rs 20,428 cr in July
The new premium of life insurance companies increased by 47.4 per cent to Rs 20,427.68 crore in July, data from sector regulator Irdai shows. Comparat
Read MoreMakeMyTrip set to upset e-commerce order
Flipkart and Amazon, the two dominant players in the Indian e-commerce world, are now facing competition from MakeMyTrip ? as far as the pecking order
Read MoreExport of jewellery with gold content beyond 22 carats banned
In a move that has evinced mixed responses from the domestic jewellery manufacturing industry, export of gold ornaments, medallions or any other artic
Read MoreCarney's Promised Rate Hikes Less Convincing as Inflation Stalls
Add weaker inflation to the reasons why Mark Carney is having a tough job convincing investors to bring forward their bets on Bank of England interest
Read MoreStrong U.S. retail sales bolster third quarter growth outlook
U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles and raised discretionary sp
Read MoreTransocean to buy Norwegian rig firm Songa Offshore for $1.1 billion
Transocean (RIG.N)(RIGN.S), one of the world's biggest drilling rig operators, has agreed to buy Norwegian competitor Songa Offshore (SONG.OL) for 9.1
Read MoreONGC plans to double its gas output in next five-six years
Banking on its future projects, which are based on gas, state-run ONGC plans to double its gas production in the next five-six years. The announcement
Read MoreIndian Railways capex jumps 36 pct to Rs 32,000 cr, retains status as key driver of public capital expenditure
The Indian Railways has achieved a robust 36% year-on-year growth in capital expenditure to Rs 32,000 crore during April-July 2017, entrenching its st
Read MoreGOVT SLAPS $264M PENALTY ON RIL, BP
The Government has imposed a new penalty of $264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than th
Read MoreHonda Motor India sales hit 5 mn mark, rev up global revenues
Fiscal 2017 was not only a landmark for Honda Motorcycle and Scooter India (HMSI) for touching the 5-million mark in unit sales in the country, the hi
Read MoreProvident fund payout: Optional feature removed by Centre; here is what Narendra Modi government is planning for workers
With the social security cover being broadened, the government has abandoned a plan to make employees? provident fund (EPF) contribution optional for
Read MoreSaving deposit rate cuts sets stage for lower lending rates
Reduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater comp
Read MorePhilippine central bank tries to calm market, says peso not in free fall
The Philippine central bank on Sunday sought to soothe frayed nerves in the foreign exchange market after the peso hit an 11-year low, saying it was n
Read MoreJapan second-quarter GDP blows past expectations on robust domestic demand
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fa
Read MoreRobust China economic growth shows signs of fading in July
China?s strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though act
Read MoreMaharashtra posts slow growth in recovery of taxes, arrears in FY16: CAG
The Comptroller and Auditor General (CAG) has pulled up the Maharashtra government for its slow progress in recovery of taxes and arrears amounting to
Read More200 Indian business representatives see great investment opportunities in Kazakhstan
A seminar organized recently by the Embassy of Kazakhstan saw captains of Indian industry evincing interest in the investment opportunities available
Read MoreIndia Inc records highest sales growth in five quarters of 5.6% year-on-year
India Inc reported a revival in year-on-year sales growth in the June quarter albeit amid pressure on profits and profitability. The trend is expected
Read MoreWholesale price inflation rises in July
India's wholesale price inflation (WPI) rate picked up in July after easing for four straight months, data released by the commerce and industry minis
Read MoreGovt likely to bear Rs 26,000 crore fall in dividend from RBI
The government?s estimated dividend income from the Reserve Bank of India in the current financial year is likely to be set off by Rs 26,000 crore on
Read MoreRAISE Act may result in cost rise for IT firms
As the US President Donald Trump has backed the Reforming American Immigration for Strong Employment Act (RAISE) Act, a reform for green card applicat
Read MoreBond investors give Tesla a $1.8 billion endorsement
Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (TSLA.O) balance sheet by snapping up the electric car maker's first foray into the
Read MoreAlibaba enters China?s housing rental market
Alibaba has signed an agreement with its home city government in Zhejiang province to use the company?s technology to create an online system for hous
Read MoreIndia to add 7,000 MW nuclear power capacity: Power Minister Piyush Goyal
The Centre is looking at doubling the nuclear power generation capacity to about 14,000 MW, Union minister Piyush Goyal said today even as he ruled ou
Read MoreRCom hit hard by Jio; posts Rs 1,210-crore loss in Q1
Telecom company Reliance Communications on Saturday posted a consolidated loss of Rs 1,210 crore in the three-month period ended June 30, 2017. This i
Read MoreGST slabs rationalisation to depend on revenue buoyancy: Arjun Ram Meghwal
Rationalisation of tax slabs under the newly-introduced Goods and Services Tax (GST) would depend on the rise in revenue collection in the days to com
Read MoreSick PSUs to inject life into low-cost housing scheme
With the unavailability of land becoming a stumbling block for Prime Minister Narendra Modi?s ?housing for all by 2022 mission?, the government has ze
Read MoreTata group to carve out engineering division of its power company
Mint brings to you your daily dose of top deals reported by newsrooms across the country.Mercator plans to carve out dredging business Mercator Ltd is
Read MoreBanks' auditors under lens: RBI seeks explanation on differences in write-downs
The Reserve Bank of India (RBI) has questioned scores of auditors at 27 public sector banks on the process and logic they had used to compute and repo
Read MoreUCO Bank should get back to profits in 2 years: MD
Having faced losses for seven consecutive quarters, UCO Bank is working on a turnaround strategy to improve its asset quality and narrow down its loss
Read MoreNBFCs are now a bankable source of funds for SMEs
Non-banking finance companies have, of late, become the go-to place for micro, small and medium enterprises in need of funds. Lending to MSMEs had ear
Read MoreGMR Infra's Q1 loss down 44% at Rs 107 cr
GMR Infrastructure Ltd (GIL) on Sunday posted a 44 per cent reduction in loss for the first quarter ended June at Rs 107 crore, as compared to the tot
Read MoreSebi starts issuing showcause notices to suspected shell companies
The Securities and Exchange Board of India (Sebi) has started issuing showcause notices to 331 listed firms, suspected to have acted as shell companie
Read MoreDebt quality turns poorer for 874 companies
At four a day, it?s still raining downgrades for India Inc. Between January and July this year, 874 companies have seen the quality of their debt lowe
Read More18% will be charged on food takeaway from non-AC area at AC restaurants, clarifies govt
A uniform GST (Goods and Services Tax) rate of 18 percent will be charged on takeaways as well as food served from a non-AC area of a hotel or restaur
Read MoreBoost for online grocery stores: Order value rises 33% y-o-y
The good news in the online grocery business is that people are ordering more at a time. Between January and May, the average order value rose 33% yea
Read MoreCentre to amend cost audit rules under companies law
The government will amend the cost audit rules under the companies law in order to ensure parity between financial and cost records.The amendments hav
Read MorePre-GST woes, rising costs hurt India Inc
Disappointments have outnumbered surprises by a wide margin in the June quarter earnings season with most heavyweights reporting numbers below the alr
Read MoreICICI Bank to raise Rs 10,000 crore via bonds
ICICI Bank plans to raise up to Rs 10,000 crore via tier-1 bonds for its capital base and business growth.Rating agency ICRA has assigned an ?AA+ (hyb
Read MoreS Arabia?s Budget deficit shrinks as revenues rise
Saudi Arabia?s state budget deficit shrank by a fifth in the second quarter from a year earlier as revenues rose moderately on the back of higher oil
Read MoreCrude oil-sourcing map shows early signs of change
The global crude oil market today is a buyer?s market, and India - as one of the major markets for crude oil - is broad-basing its fuel sourcing, in t
Read MoreNow, buy a BS-IV truck at BS-III price
Leading commercial-vehicle makers are giving steep double-digit discounts to bring back momentum in the segment, which has struggled to recover since
Read MoreBritain Shouldn?t ?Go Up Against? U.S. in Trade Talks
The U.S. may not be the best country for Britain to start its post-Brexit trade agreements with, according to Adam Marshall, director general of the B
Read MoreBOE?s Saunders Sees Long-Term Economic Damage From Brexit
Bank of England policy maker Michael Saunders said the decision to leave the European Union will have a long-term effect on the economy, though there?
Read MoreDemonetisation has boosted MFs, taken sheen off gold and real estate: RBI paper
Demonetisation has led to a structural shift in the behaviour of Indian households when it comes to savings. According to a Reserve Bank of India pape
Read MoreMarkets post worst weekly performance in 18 months
Continuing tension between the US and North Korea weighed down Indian equity markets as the benchmarks closed more than 1 per cent lower. While the Se
Read MoreIOC buys more US crude; first to purchase Eagle Ford shale oil
Indian state-refiner IOCBSE 0.41 % bought 1.9 million barrels of US crude in its second import tender seeking oil from the Americas, making it the fi
Read MoreGold tops Rs 30,000-mark, spurred by safe haven appeal
Gold made good use of growing safe haven demand as prices reclaimed the Rs 30,000-mark by gaining Rs 130 to trade at an over three-month high today, w
Read MoreBank of Baroda net dives 52% as provisions soar
Bank of Baroda on Friday reported a 52% year-on-year drop in its net profit at Rs 203.39 crore in the April-June quarter, hurt by higher provisions fo
Read MoreEconomic Survey II cuts growth forecast for FY18 to lower end of 6.75-75% range
The second volume of the Economic Survey 2016-17 unveiled on Friday highlighted a ?deflationary bias to activity? since its initial version which came
Read MoreSupreme Court refuses to stop Aamby Valley auction process
The Supreme Court on Thursday refused to put on hold the auction process of the Sahara group?s luxurious Aamby Valley project near Pune. A bench led b
Read MoreAlert! Banks to remain closed for 4 straight days from tomorrow; ATMs likely to run out of cash
Customers won't be able to conduct bank transactions at branches for 4 days in a row as all banks will be closed for business, starting August 12 in m
Read MoreJP Morgan Asset Management says will absorb research costs due to MiFID-II
JP Morgan Asset Management said on Friday that it will absorb the costs of paying brokers for investment research rather than pass them on to its clie
Read MoreHike Messenger acquires tech startup Creo
Homegrown messaging and social media technology company Hike Messenger today said it has acquired Bengaluru-based tech start-up Creo for an undisclose
Read MoreCash holdings slip 20 per cent, tax payers grow 45 per cent on demonetisation
There has been a 20 per cent decline in cumulative cash holding by companies and individuals post demonetisation while the number of taxpayers has inc
Read MoreBank NPAs saw a significant growth during Jan-Jun
Banks with operations in India witnessed a significant rise in non-performing assets during the first half of 2017, according to a survey released tod
Read MoreIndian Bank brings 2-tier interest rate for savings accounts
PSU lender Indian Bank today said it will offer interest rate of 4 per cent per annum on savings account with incremental balance of over Rs 50 lakh a
Read MoreSBI confident it will bounce back, despite sharp rise in bad loans
State Bank of India, which merged five of its associate banks from the fiscal year beginning, said June quarter earnings fell 20 percent on a non-com
Read MoreChina commodities trader COFCO shakes up European operations
Chinese food commodities trader COFCO International is restructuring operations in Europe which will involve relocation and job cuts, as the state own
Read MoreBPCL first-quarter profit dives 72 percent, misses estimates
State-run refiner Bharat Petroleum Corp on Friday reported a 72 percent plunge in first-quarter profit, missing analysts' estimates.Profit fell to 7.4
Read MoreTata Steel gets regulatory approval for UK pension deal
India's Tata Steel Ltd has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a
Read MoreIndia's JSW Energy to invest up to $623 million in electric cars
JSW Energy will invest up to 40 billion rupees ($623 million) to build electric cars, batteries and charging infrastructure, part of the power compan
Read MoreComplexity of deal derailed Flipkart-Snapdeal talks
Snapdeal-Flipkart merger talks hit a dead end for a variety of reasons, including the complex structure of the deal that would have placed millions of
Read MoreModest rise in U.S. consumer prices may delay Fed rate hike
U.S. consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inf
Read MoreFDI in construction sector falls 59% to $1.9 bn
FDI in construction sector fell by 59 per cent to USD 1.9 billion during last fiscal despite relaxation in norms in the last 2-3 years, according to t
Read MoreWhy is the pound so low against the euro?
And whether you prefer sun, sand and sangria or meze, Metaxa and monuments, it can't have escaped your notice that the whole getting-away-from-it-all
Read MoreBS Fund Cafe 2017: MF sector has added muscle, not just fat, says C B Bhave
C B Bhave, former chairman of the Securities and Exchange Board of India (Sebi) and chief guest at Business Standard Fund Caf? 2017, applauded the qua
Read MoreNorth Korea nuclear nerves wipe $1 trillion off world stocks
The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took c
Read MoreMid year Economic Survey: Road project investment worth Rs 1 lakh cr restructured in FY17
To augment highways infrastructure, projects involving investment of Rs 1 lakh crore were restructured in 2016-17 besides formulation of ambitious ?Bh
Read MoreMid year Economic Survey: Indian ships lose share in country?s overseas trade
Indian ships saw a sharp decline in their share in carriage of country?s overseas trade while about half of the domestic shipping fleet is aged, Econo
Read MoreEconomic Survey flags trade deficit, rising anti-globalisation
India's rising trade deficit and protectionist tendencies on the global front are areas to watch for in the short term, according to the Economic Surv
Read MoreIndia on track to meet lower emission intensity target
India has delivered and is well on track to achieve its voluntary pledge of reducing emission intensity of its GDP by 20-25 per cent by 2020 over 2005
Read MoreIndustrial output enters negative zone, contracts 0.1% in June
India?s industrial production fell to a four-year low in June as manufacturers reduced inventories ahead of the transition to the goods and services t
Read MoreSeven 'hidden benefits' of GST, according to Economic Survey II
The second part of Economic Survey, which was tabled in Parliament today, has observed a rekindled optimism on structural reforms in the Indian econom
Read MoreNotification No. 79/2017/F. No. 370142/18/2017-TPL
Publish Date : Tuesday, August 8, 2017
Brexit transition period desirable for UK and EU banks: BoE
The Bank of England said a transition period after Britain leaves the European Union would give banks more time to make orderly changes as Brexit pose
Read MoreJapan July exports seen rising for 8th straight month
Japan's exports were expected to record an eighth straight month of growth in July, a Reuters poll found, suggesting robust offshore demand could unde
Read MoreUK industrial output beats expectations, but outlook murky
British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a sli
Read MoreBank of India recalls Rs 306-cr loan to HDIL arm
In what seems to be more trouble brewing for real estate developer HDIL, state-run lender Bank of India has recalled a Rs 306-crore loan given to HDIL
Read MorePM Modi tax breaks fire up India's $704 million plane care market
Indian Prime Minister Narendra Modi?s tax reforms will encourage more local airlines to service their aircraft within the country, a $704 million-a-ye
Read MoreRBI may need to drain up to $22 billion as inflows add to excess liquidity
The Reserve Bank of India will likely have to drain up to $22 billion in excess liquidity from the financial system as surging foreign investments for
Read MoreAadhaar may become the gatekeeper to Dalal Street soon
Aadhaar may soon become mandatory for buying shares and mutual funds. The government and the Securities and Exchange Board of India (Sebi) are planni
Read MoreChina's steel prices are rising and that's worrying Beijing
China's steel prices are rising, and the government is getting worried about striking the right balance on the markets. China, the world's largest ste
Read MoreToshiba announces $8.7 billion net loss in 2016
Japanese tech giant Toshiba incurred a net loss of 965.6 billion yen ($8.7 billion) in the 2016 fiscal year, according to its financial results releas
Read MoreBritannia to rope in partner to focus on dairy business
Biscuit maker Britannia Industries plans to rope in a partner to strengthen its dairy business and discontinue a few brands in this segment as part of
Read MoreIRDAI may introduce risk-based capital norms for insurers
The Insurance Regulatory and Development Authority of India (IRDAI) may soon introduce risk-based capital (RBC) method for fixing the solvency ratios
Read MoreFarm exports decline to $34 b
India?s agricultural exports have declined to $33.87 billion in 2016-17 from $43.23 billion in 2013-14, Parliament was informed on Wednesday. The p
Read MoreCummins planning to invest Rs 1500 crore to set up R&D facility in Pune
Engine manufacturer Cummins is reportedly planning to invest Rs 1500 crore to set up new Research and Development (R&D) facility in Pune. With the add
Read MoreNew India Assurance set to raise Rs 6,000 cr via IPO
The government-owned general insurer, New India Assurance Company Ltd, has filed the draft red herring prospectus with the Securities and Exchange Boa
Read MoreSebi softens stand on shell companies, says action based on ministry's list
Two days after suspending trading in 331 listed shell companies, the capital markets regulator, Securities and Exchange Board of India (Sebi), ordered
Read MoreGovt to initiate PSU bank consolidation process after Q1 numbers
The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current
Read MoreUS productivity rose a modest 0.9 pct. rate in spring
The productivity of American workers rose just modestly in the spring, extending a worrisome issue that has persisted throughout this expansion. Produ
Read MoreU.S. card firm Vantiv clinches $10-billion deal to buy Worldpay
U.S. credit card processing company Vantiv moved closer to creating a $29-billion global payments powerhouse on Wednesday with a formal offer to buy B
Read MoreTop Oil Buyers Go on Light Crude Diet to Meet Diesel Craving
Captain Tsitrelis Ioannis and the 26-strong crew of the Malibu arrived at Ulsan in early August after sailing almost 9,000 nautical miles to deliver a
Read MoreGold imports more than double in July, courtesy GST
Gold imports have more than doubled in July, due to the arrival of delayed shipments booked ahead of the implementation of goods and services tax on t
Read MoreDigital transactions in July touch 859.2 million
Digital transactions in July grew almost 2% from the previous month to touch 859.2 million, according to provisional data released by the Reserve Bank
Read MoreTata Steel India, Europe profitability to sustain in FY18: S&P
Positive performance by Tata Steel during the first quarter of 2017-18 is on expected lines and profitability will be sustained in the current fiscal,
Read MoreJanuary to June period witnessed 130 internet start ups shutting operations
A total of over 130 internet start-ups have closed down operations in the first six months of calendar year 2017, with the e-commerce and foodtech spa
Read MoreSahara asks Supreme Court to stay Aamby Valley sale notice
In its another last ditch attempt to save its luxurious Aamby Valley project from auction, the Sahara Group on Wednesday approached the Supreme Court
Read MoreNCLT nod to insolvency trial against Lanco Infra
The Hyderabad bench of the National Company Law Tribunal (NCLT) on Wednesday approved insolvency proceedings against Lanco Infratech following an appl
Read MoreDiageo's revenue from India jumps 24% in FY'17
The world's largest spirits maker Diageo has reported 24.54 per cent growth in revenue from India to over Rs 25,482 crore in 2016-17 driven by IMFL, w
Read MoreFrench development bank to provide ?245 m for Pune Metro
The Pune Metro project being executed by Maha Metro is set to receive ?245 million in funds from the French development bank AFD. An AFD team led by
Read MoreGovt imposes anti-dumping duty on 93 Chinese products
Indian markets are flooded with cheap products from China directly affecting the profitability of the domestic industry. The issue got highlighted whe
Read MoreFPI net flows into debt market near $19 bn so far this year
Foreign portfolio investors? (FPIs) investments in the Indian debt market this year have almost reached $19 billion. So far in 2017, they have bought
Read MoreMore value based items may have inflated industrial growth
More value-based items in the new Index of Industrial Production (IIP) series may have inflated manufacturing growth in recent years when wholesale pr
Read More10 days to go; GSTN set for last minute rush on slow pace of returns filing
With barely 10 days left for goods and services tax (GST) assessees to file summarised interim returns, the GST Network (GSTN), the IT back end for th
Read MoreFirst bullet train of India between Ahmedabad and Mumbai closer to reality now; know details
Taking India?s first bullet train closer to reality, work on the Mumbai-Ahmedabad project will commence soon, with the first tranche of $1 billion fro
Read MoreDirect Tax collection rises by 19% till July, covers 19.5% of Budget estimates
Direct Tax collections in the first four months of the ongoing financial year 2017-18 -- which means up to July, 2017 -- has shown substantial year-on
Read MoreHPCL Share Sale: Terms Of Sale Tweaked To Avoid Open Offer
The government has tweaked the terms of sale of its 51.11 per cent stake in Hindustan Petroleum Corporation Limited (HPCL) to Oil and Natural Gas Corp
Read MoreTata Steel swings to net profit in Q1
Steel giant Tata Steel on Monday posted a consolidated net profit of Rs 921.09 crore for the quarter ended June 30, 2017 on the back of higher revenue
Read MoreNTPC plans lower capex this year as demand growth slows
NTPC Ltd., India?s biggest electricity producer, is planning its first reduction in capital spending in at least six years amid the country?s slowing
Read MoreA look at the factors behind banks not passing benefits of RBI's rate cut to customers
Two days after State Bank of India chairman Arundhati Bhattacharya slashed savings bank deposit rates in an unprecedented fashion, Kotak Mahindra Bank
Read MoreGovernment notifies timeline for filing of tax returns under GST
The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime. The GST
Read MoreIMF cuts 2017 PH growth forecast but sees economy hitting potential growth in near term
The International Monetary Fund (IMF) remains optimistic on the Philippine economy?s output in the near term amid the recent cut of its 2017 growth fo
Read MoreJapan is in striking distance of North Korea ? here's why the yen is rallying anyway
It's a conundrum: Despite Japan being a likely target of freshly erupting North Korean ire, traders still see the yen as a safe-haven play, and they'r
Read MoreUS-China trade war is brewing as trade deficit sticks at $25 billion, asset manager warns
A trade war between the U.S. and China is brewing and could be the biggest risk for global investors, a prominent asset manager told CNBC."We may be b
Read MoreBharti Airtel sells 3.65% in tower arm
Telecom major Bharti Airtel Tuesday said it has sold 6.75 crore shares, about 3.65 per cent stake, in its tower firm Infratel for Rs2,570 crore. The
Read MoreNetflix buys comics publisher Millarworld to feed films and TV
Netflix Inc on Monday said it has bought comics publisher Millarworld, bringing on board renowned comic book writer Mark Millar and a host of characte
Read MoreTime Inc misses revenue estimates as advertising sales slip
Time Inc., the publisher of Fortune, People and Time magazines, reported a lower-than-expected quarterly revenue on Tuesday, hurt by declines in magaz
Read MoreChina's Trade Surplus Widens for Fifth Month as Imports Moderate
China?s trade surplus widened for a fifth month in July as export growth remained solid and imports moderated, keeping the spotlight on a trade gap U.
Read MoreAgriculture sector received FDI worth Rs 355 cr in April-May: Govt
India's farm sector received foreign direct investment (FDI) worth Rs 354.77 crore during April-May this year, Parliament was informed on Tuesday.The
Read MoreSaudi Arabia cuts crude oil allocations in Sept by more than its Opec pledge
Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tu
Read MoreSovereign Gold Bonds attract investment worth Rs 6,030 crore: RBI
The Sovereign Gold Bonds has attracted total investment worth Rs 6,030 crore, said by the Reserve Bank on Tuesday.The government has introduced the sc
Read MoreNTPC may tap syndicated loan market to raise equivalent of 300 million dollar
NTPC is looking to tap the yen-denominated syndicated loan market to raise the equivalent of $300 million, a senior executive in the company has confi
Read MoreHow higher cess on bigger cars may impact hybrid vehicle volumes
Sales of Maruti Suzuki?s mild hybrid variants are likely to be adversely impacted following the GST Council?s decision to recommend an increase in the
Read MoreNarendra Modi government identifies 5 ports to boost cruise tourism
Union minister for shipping Nitin Gadkari on Tuesday announced that the government has identified five major ports ? Mumbai, Mormugao, Mangalore, Chen
Read MoreDiesel car sales fell to 27% of total in 2016-17 from 47% five years back, says govt
Three-fourths of fuel cars sold in India in 2016-17 were of petrol whereas sales of diesel cars plummeted to 27 percent, from 47 percent in 2012-13, t
Read MoreAxis Bank follows SBI's footsteps, cuts interest rate on savings account to 3.5%
Private sector lender Axis Bank on Tuesday reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50
Read MoreRIL may issue bonds to repay loans as Rs 75,000 crore debt matures soon
Reliance Industries Ltd. plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sel
Read MoreDomestic inflows in MFs may continue
The swelling flow of domestic funds in the local equity market raises concern over its stickiness. But, data pertaining to the proportion of assets un
Read MoreTitan partners with Amazon to foray into US market
E-tailing giant Amazon today announced its partnership with India's iconic lifestyle brand Titan to help it RPT it foray into the US market. Under the
Read More?India?s electric mobility plan to need Rs.1.8-lakh-cr investments?
The shift to electric vehicles (EVs) will need an investment of ?1.8 lakh crore in setting up charging stations and other infrastructure in the countr
Read MoreIL&FS Transportation plans to raise Rs.3,500 crore
IL&FS Transportation Networks Ltd, (ITNL), a road development arm of infrastructure development and finance major IL&FS, has proposed to raise Rs.3,50
Read MoreBiz can file returns, pay taxes for July on GSTN portal
Businesses can start filing their first tax return under the new Goods and Services Tax (GST) regime as the GST Network has started the facility for r
Read MoreApple to ramp up local manufacturing, retail operations in India: CEO Tim Cook
At Apple?s Q3 earnings call last week, CEO Tim Cook stressed upon the importance of India, and said he?s ?bullish? about the market. Given Apple?s slu
Read MoreGovt spending rises 27% to Rs 6.5 lakh cr in Q1 FY18: FM
The government's expenditure went up 27 percent in April-June of the current fiscal to over Rs 6.50 lakh crore as a result of Budget advancement by a
Read MoreSebi lens on angels could lead to crowdfunding rules
The scrutiny of the functioning of angel networks by the Securities and Exchange Board of India (Sebi) could pave the way for crowdfunding regulations
Read MoreChina to spend $1.5 trillion on outbound M&A in 10 years
Chinese acquirers will spend $1.5 trillion buying companies abroad in the next decade, 70 per cent more than the previous 10 years, even as regulators
Read MoreExporters brace for further rise in rupee
Exporters are bracing for tough times with the rupee continuing to appreciate against the dollar, making India?s exports less competitive and reducing
Read MoreRupee appreciation likely to be a short-term event: BS Poll
The Indian rupee continued to strengthen on Tuesday, rising to Rs 63.64 against the dollar, against Monday?s closing of Rs 63.81. However, most respon
Read MoreGujarat first state to implement coal utilisation between power units
Setting a precedent, the Gujarat government has issued a tender for power developers to receive cheap coal marked for the state in return for selling
Read MoreBridgestone to invest Rs 1939 crore in India over next five years
Bridgestone India will invest about Rs 1939 crore (304.3 Million USD) for the expansion of its plants in Pune (Chakan) and Indore (Kheda) in a phased
Read MoreJSPL Q1 loss narrows to Rs 420 cr on higher revenue
Helped by higher revenue from operations, Jindal Steel and Power Ltd (JSPL) today reported narrowing of its consolidated net loss at Rs 420.4 crore in
Read MoreSebi crackdown on trading in 331 shell companies blocks investors' Rs 9,000 cr
The government crackdown against 331 ?suspected shell companies? has hit several investors, including mutual funds and small investors, who hold share
Read MoreNotification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime -reg.
Publish Date : Thursday, August 3, 2017
Notification under section 9A (3)(b) of the Income-tax Act, 1961 in respect of Fund Manager Regime -reg.
Publish Date : Thursday, August 3, 2017
Irdai directs LIC to reduce stakes in L&T, ITC to 15% by Dec 2018
The Insurance Regulatory and Development Authority (Irdai) has asked the country?s largest insurer, Life Insurance Corporation (LIC), to reduce its st
Read MoreHindalco Arm Novelis Net Income Jumps 4-Fold In Q1
Novelis Inc, an overseas subsidiary of Hindalco Industries reported a four-fold jump in net income at $101 million for the first quarter of FY'18.The
Read MoreEros in talks with Apple for mega $1-billion content sale deal
Eros Group, the largest movie producer in India, is in talks with Apple Inc, the world's most valuable public company, to sell its entire content libr
Read MoreWadhawan Global takes second UK bet, invests Rs 175 crore
Wadhawan Global Capital (WGC), which owns 38% of Dewan Housing Finance, has invested Rs 175 crore in London-based mortgage financer Neyber, marking i
Read MoreSaudi Arabia builds cities in the sand to take economy past oil
After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyon
Read MoreChina July exports, imports weaker than expected, cloud global outlook
China's exports and imports grew much less than expected in July, raising concerns over whether global demand is starting to cool even as major Wester
Read MoreDialysis, some other services cost more under GST, says Health Ministry
People may have to shell out more for availing of some of the healthcare services such as dialysis, pacemaker implantation, support devices in orthopa
Read MoreNPAs weighing down growth: Deal with bad loans to get Indian economy up and running
Most economists would agree that India?s growth story has taken a pause ? a rather long pause. The past two quarters have been a washout, largely beca
Read MoreSwiss cite India's strong data security laws for auto-sharing banking info
Switzerland found India's data security and confidentiality laws "adequate" for entering into an automatic exchange of information pact, which will op
Read MoreONGC Videsh to pump $150 million in Colombia, Kazakhstan & Bangladesh
ONGC Videsh, the overseas arm of the state-run Oil and Natural Gas Corp, plans to invest $150 million in exploration this fiscal year to drill more we
Read MoreDemonetisation, GST and JioPhones make a dent in smartphone shipments growth projection
Smartphone shipments in India this year are set to grow at the slowest pace so far due to the after-effects of demonetisation, ambiguity during the tr
Read MoreRERA compliance must for builders to avail bank loans
Builders who have been thinking of ways to beat the new Real Estate Regulation Act are fast running out of time as banks, in consultation with the Res
Read MoreAmazon India Readies a Full Spread for Diwali
Amazon is set to make its nationwide debut in online food retailing in India during the Diwali season, according to several people with knowledge of t
Read MoreSebi sends notices to angel networks seeking details on their fundraising biz
Angel networks which serve as vital link between startups scrounging for funds and faceless investors, are being scowled at by the financial market re
Read MoreMutual funds look to lure patrons from rate-slashing banks
The mutual fund industry is gearing up to attract more funds from investors as banks, flush with funds, have been cutting interest rates on savings ba
Read MoreIndian insurance sector lags in digitisation
Globally, insurance companies are increasing investment in digital technologies, but Indian firms are lagging behind, a report said.?Global average in
Read MoreSyndicate Bank to raise RS.4,500-crore capital this fiscal
Syndicate Bank is planning to raise Rs.4,500 crore this financial year (2017-18) to bolster its share capital base.?The bank this fiscal is planning t
Read MoreDirect tax collection rises fastest since 2013-14
The Income Tax Department?s time series data of direct taxes for 2016-17 estimates the government has collected Rs.8,49,818 crore as income tax on ind
Read MorePraj Industries, Gevo joint development agreement enters commercialisation phase
Indian companies involved in processing molasses and sugar cane feedstock to make ethanol will soon have an eco-friendly technology that will help pro
Read MoreHCC bags Rs 763 crore contract from IGCAR for fuel processing plant in Tamil Nadu
Infrastructure major HCC today said it has bagged Rs 763.57 crore contract from Indira Gandhi Centre for Atomic Research (IGCAR) for construction of a
Read MoreOil slides as output rises at Libya's largest oil field
Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya's largest oil field, along with worries abou
Read MoreGovt to work with OECD to prepare norms for gold imports, refining
India?s government and bullion industry will joins hands with the Organisation for Economic Cooperation and Development (OECD) to prepare a policy on
Read MoreRising demand allows steep rise in steel prices
Flat steel producers have raised prices (effective August 1) up to Rs 3,000 a tonne, one of the steepest in recent times.Last month prices were raised
Read MoreFPI ownership in Indian equities hits a life-time high
The total ownership of foreign portfolio investors (FPIs) in Indian equities hit a record high during the quarter ending June (Q1) as overseas funds c
Read MoreImport curbs, India sales key triggers for Apollo Tyres
Even as the June quarter (Q1) numbers were poor, the Apollo Tyres stock clocked nine per cent gains in trade on Monday. Interestingly, even as there c
Read MoreZero tax certification for foreign remittances under I-T lens
The international arm of the income tax (I-T) department is examining the tax deduction at source (TDS) certification issued by chartered accountants
Read MoreDerivatives may get longer trading hours
In a bid to bring back some of the lost zing, the markets regulator, the Securities and Exchange Board of India (Sebi), is looking to extend the tradi
Read MoreU.K. Economy Takes a Hit as Consumer Spending Slumps Further
U.K. consumers cut back on spending for a third month in July as house-price growth slowed sharply, dealing yet another blow to the economy.The broad-
Read MoreChina's Foreign Reserves Rise for a Sixth Month
China?s foreign-exchange reserves posted a sixth straight monthly increase as the yuan strengthened and economic growth remained robust.Key Points The
Read MoreEquity mutual funds see record Rs 12,727-cr inflow in July
Equity mutual funds saw a record inflow of Rs 12,727 crore in July primarily due to a rally in the stock markets and hopes of rate cut by the Reserve
Read MoreBank of Maharashtra cuts MCLR rates by 0.05-0.15 pc from monday
State-owned Bank of Maharashtra has slashed the marginal cost based lending rates (MCLR) by 0.05 to 0.15 per cent with effect from Monday, making its
Read MoreSecuritisation market hits record Rs 1 Lakh crore mark, says Crisil
Crisil Ratings on Monday said the value of securitisation transactions surged 47% to a lifetime high of Rs 1.02 lakh crore in fiscal year 2017 despite
Read MoreBritannia plans its largest plant in Maharashtra
FMCG major Britannia Industries plans to set up its largest plant at Ranjangaon Food Park in Maharashtra, company Chairman Nusli Wadia said on Monday.
Read MoreHindalco board to take up Rs4,400 crore funds raising via debt
Hindalco Industries Ltd on Monday announced that its board this week will consider raising up to Rs4,400 crore via debt.The board ?will consider... to
Read MoreDespite crisis, Venezuela and India to up investment in energy sector
Despite the ongoing crisis in Venezuela, New Delhi and Caracas are continuing their joint investments in the energy sector. Venezuela?s PDVSA and ONGC
Read MoreGujarat to swap coal allocation with efficient plants
In an attempt to cut power purchase cost, Gujarat has invited tenders to buy coal-based electricity from independent power producers who would agree t
Read MoreMore food and daily use items to face lower level of GST
The Goods and Services Tax (GST) on a clutch of food and other daily-use items could be reduced by the GST Council as it meets in Hyderabad on Septemb
Read MoreAirtel plans to sell 3.7% in Bharti Infratel for Rs 2,500 crore
Bharti Airtel is learnt to be in the process to offload a 3.7 per cent stake in Bharti Infratel for about Rs 2,500 crore, sources aware of the develop
Read MoreIncome Tax Return Filings Grow 25%, Says Government
The number of Income Tax Returns (ITRs) filed for 2016-17 year grew by 25 per cent to 2.82 crore, as increased number of individuals filed their tax r
Read MoreTata Steel swings to profit in Q1 on rising steel prices
Tata Steel Ltd swung to a profit in the June quarter, helped by rising steel prices, a production ramp-up in India and restructuring of its European s
Read MoreWhy EPFO move to cut administrative charges could free up Rs 1,900 crore
Less than four months after it reduced the administrative charges (ACs), the Employees? Provident Fund Organisation (EPFO) is planning to slash these
Read MoreLevy hiked; now bigger cars to get bigger price tags
The post-goods and services tax (GST) cess on SUVs and other luxury cars is set to be hiked from 15% now to 25% or thereabouts, a move that could dent
Read MoreNotification No.RBI/2017-18/40
Auction of Government of India Dated Securities
Read MoreCircular No.33/2017-Customs
Leviability of Integrated Goods and Services Tax (IGST) on High Sea Sales of imported goods and point of collection thereof
Read MoreNotification No.77/2017 Customs (N.T.)
Seeks to notify the India - Korea Comprehensive Economic Cooperation Agreement (Bilateral Safeguard Measures) Rules, 2017
Read MoreNotification No.76/2017 Customs (N.T.)
Appointment Shri Sandeep Mohan Bhatnagar as the Director General (Safeguard) for the purposes of the Customs Tariff (Identification and Assessment of
Read MoreNotification No. 78/2017
[Notification No. 78/2017/F. No. 142/15/2015-TPL]
Read MoreNotification No. 77/2017
[Notification No. 77 /2017/F. No. 142/15/2015-TPL]
Read MoreNotification No. 75/2017[F.No. 500/15/2015-APA-I
Publish Date : Friday, July 28, 2017
Notification No. 76 /2017[ F. No. 300196/4
Publish Date : Friday, July 28, 2017
Idea-Vodafone merger may prove challenging and costly, say experts
Idea CellularBSE -0.70 % and Vodafone India plan to shortly kick off operational integration of their networks following the go-ahead by the competiti
Read MoreAB Fashion in talks with RIL and Maker group to open Saks stores
After bagging franchisee rights for US-based luxury department store chain Saks Fifth Avenue, Aditya Birla Fashion & Retail, part of Aditya Birla grou
Read MoreBerger FY18?capex Rs 200 crore, Bengal to get Rs 60 crore
Berger Paints India Ltd today said it will be pumping Rs 60 crore in West Bengal?s Rishra plant out of total Rs 200 crore capex plan in FY18'. ?The to
Read MoreArvind Ltd posts 22.5 pc fall in Q1 profit
Textile and apparel player Arvind Ltd today reported 22.55 per cent drop in consolidated net profit at Rs 56.75 crore in the quarter ended June 30. Th
Read MoreGhanaian businesses poised to own economy
More than 500 local and international business leaders are billed to take part in the Sixth Edition of the Ghana Economic Forum (GEF) scheduled for Au
Read MoreUS trade deficit narrows as exports hit 2-1/2-year high
The US trade deficit fell sharply in June as exports increased to their highest level in 2-1/2 years, a positive development for the economy. The Comm
Read MoreCash versus culture - tourism projects hit trouble in Greece
New York property developer Mike Angeliades has wanted to create a golf resort in his native Greece for quarter of a century. But just when the plan s
Read MoreRetailers can unlock $2.95 trillion
Retailers and consumer goods companies could unlock $2.95 trillion in value for the industry and consumers over the next decade by accelerating digita
Read MoreWind, solar tariffs to come down considerably: Government
The wind and solar tariff will come down considerably in the near future, a government official today said. ?It will though take some time to resolve
Read MoreIndia signs USD 329 million loan pact with AIIB for Gujarat road project
India today signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for financing of USD 329 million for Gujarat Rural Roads Project,
Read MoreGlobal private equity fund General Atlantic buys stake in Karvy Computershare
Global private equity fund General Atlantic today said it has purchased a significant stake in India?s largest share registry company Karvy Computersh
Read MoreIGST a bitter pill for patients with rare disorders as medicines attract 5%-12%
Manoj Mangath from Kochi has imported vials of an expensive medicine for over five years to treat his 12-year-old son, who suffers from a rare genetic
Read MoreSebi widens default disclosure rule
The Securities and Exchange Board of India (Sebi) has made it compulsory for listed companies to make a disclosure to the stock exchanges if they defa
Read MoreMutual Fund assets shy of Rs 20 lakh crore
Unperturbed by record market levels, domestic investors poured in a whopping Rs 12,727 crore into equity mutual funds (MF) in July. This is the second
Read MorePaysafe board backs Blackstone, CVC's $3.9-bn offer
Payments processing company Paysafe Group has backed a ?3-billion ($3.9 billion) takeover offer from a consortium of funds managed by Blackstone and C
Read MoreOil prices rise on strong U.S. jobs data
Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured
Read MoreRBI likely to cut rates again by 2017-end: Chris Wood of CLSA
There is more room for the Reserve Bank of India (RBI) to cut rates even after the recent 25 basis point (bps) cut earlier this week, and it is likely
Read MoreFaced with high group lending defaults, SFBs move towards individuals
With a majority of small finance banks already operational, a challenging start has already forced a number of them to tweak lending strategies. Due t
Read MoreVedanta Resources raises $1.8 bn to refinance two of its bond issues
London-listed Vedanta Resources said it had raised $1.8 billion, through a combination of bonds and term loans, to refinance two of its bond issues, e
Read MoreFly from Bangalore airport to software hub in 15 minutes
Bengaluru is set to launch a helicopter taxi service from its international airport to Electronics City, helping passengers save hours in commute and
Read MoreAadhaar will be required for death certificates
Starting October 1, Aadhaar number will be required to establish identity of a deceased person for registration of his/her death. Notifying the new ru
Read MoreBank of Baroda cuts interest on savings a/c by 50 bps
Within days of SBI slashing interest rate on savings bank account, another PSU bank -- Bank of Baroda -- has followed suit, cutting it to 3.5 per cent
Read MoreMFs' AUM touches record-high of Rs 20 lakh cr in July
The mutual fund (MF) industry's asset base has touched a record high of nearly Rs 20 lakh crore at the July-end, mainly driven by fresh inflows in equ
Read MoreHPCL Q1 Profit Halves On Inventory Loss
Hindustan Petroleum Corporation Ltd.'s net profit nearly halved, missing analyst estimates, as inventory losses due to lower crude prices weighed on f
Read MoreIndia?s forex reserves surge to record $392.86 billion
India?s foreign exchange reserves, or forex reserves, surged by $1.536 billion to touch a new record of $392.867 billion during the week to 28 July, d
Read MoreRupee hits fresh two-year high, gains 11 paise against dollar
The rupee on Friday closed at a fresh two-year high at 63.5825 against the dollar, compared with Thursday?s closing of 63.69, an impressive gain of 11
Read MoreBonds beat loans as foreign demand for Indian debt cuts costs
Hindustan Petroleum Corp Ltd (HPCL), India?s third-largest fuel retailer, last month sold dollar bonds in a debut offering. Vedanta Resources Plc pric
Read MoreIndian Oil gets okay to buy up to 50% stake in GSPL's Mundra LNG terminal
The board of Indian Oil Corporation (IOC) has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG Ltd, a joint venture
Read MoreMahindra and Mahindra standalone net profit declines 20% at Rs 776 crore
Hit by BS-III ban and transition to goods and services tax, Mahindra and Mahindra on Friday missed analysts? estimates to post a 20% decline in its st
Read MoreDabur Q1 profit falls 10% to Rs265 crore
Dabur India Ltd on Friday reported a 9.8% decline in consolidated net profit in the quarter ended 30 June, blaming ?massive de-stocking by trade chann
Read MoreMRF Q1 net profit plunges 78% to Rs106.53 crore
Tyre major MRF has reported a 78.30% plunge in its standalone net profit at Rs106.53 crore for the quarter ended 30 June, on account of higher expense
Read MoreCustoms, IGST collection nearly doubles to Rs 30,000-cr in July
The collections from customs duty and IGST from imports post implementation of Goods and Services Tax (GST) has almost doubled to Rs 30,000 crore in J
Read MoreWhat if you miss the Income Tax Return deadline on August 5: Here?s what to do
While the government has extended the last date for filing income tax returns to August 5 because of some technical glitches, if an assessee still mis
Read MoreGST impact on food grains: It is win-win-win situation for traders, FCI and Centre
The goods and services tax (GST) has drastically reduced the tax rates on purchase of foodgrains in the country, besides correcting the wide dispariti
Read MoreGovt launches new exchange-traded fund 'Bharat 22' to divest stake in 22 firms
It's not just Air India where the government is looking to sell its stake. Finance Minister Arun Jaitley on Friday launched 'Bharat 22' Exchange Trade
Read MoreNotification No. 77 /2017[F. No. 142/15/2015-TPL
Publish Date : Thursday, August 3, 2017
Notification No. 78 /2017[F. No. 142/15/2015-TPL
Publish Date : Thursday, August 3, 2017
HPCL first-quarter profit falls about 56 percent, misses estimates
State-owned oil refiner Hindustan Petroleum Corp said on Friday profit fell 56 percent in its fiscal first quarter, missing analysts' estimates.Net pr
Read MoreIndia launches new exchange-traded fund: Jaitley
India has set up a new exchange-traded fund to sell government stakes in 22 firms under its asset sale programme, Finance Minister Arun Jaitley told r
Read MoreRs 6,000 crore worth of subsidy for handloom sector, says Ajay Tamta
Subsidy worth Rs 6,000 crore has been allocated for the handloom sector, which does not fall under the purview of the GST regime, the Rajya Sabha was
Read MoreRetailers, consumer goods companies may unlock $2.95 trillion in 10 years
Retailers and consumer goods companies could unlock $2.95 trillion in value for the industry and consumers over the next decade by accelerating digit
Read MoreAustralia's central bank is upbeat on the economy, but warns on further rise in currency
Australia's central bank is more confident that economic growth will accelerate over the next two years but still expects little improvement in unempl
Read MoreCabinet approves construction of double railway line between Chennai and Kanyakumari
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the construction of double line with electrificat
Read MoreLok Sabha passes Banking Regulation Bill for non-performing assets
The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 introduced last month to replace the existing ordinance promulgated in May this
Read MoreBrexit-wary Bank of England leaves rates on hold, cuts growth forecast
The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as it warned that Brexit was weig
Read MoreU.S. labour market tightening; services sector growth slowing
The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labour market that likely keeps the Federal Reserve
Read MoreRBI cuts key rate by 0.25 per cent; home, auto EMIs to be lower
The Reserve Bank on Wednesday cut its key lending rate by 0.25 per cent ? first time in 10 months ? to about 7-year low of 6 per cent, a move which is
Read MoreRural demand to pick-up post October
American brokerage BofAML today said it expects a pick-up in the note ban affected rural demand from October this year. The second consecutive bumper
Read MoreAgriculture Ministry receives Rs 16,094 cr in Q1 to run various schemes
The Agriculture Ministry today said it received Rs 16,094.13 crore in the April-June quarter of the current fiscal for implementation of various schem
Read MoreNo GST on traditional Rakhi; 5% tax on gold, silver rakhis
Rakhi, the sacred thread that women tie on the wrist of their brothers on the day of Raksha Bandhan, will not attract the goods and services tax (GST)
Read MoreCBDT hikes deposit to 20% for getting I-T demand stay
Taxpayers who wish to file an appeal against income tax demands raised against them will have to shell out more to obtain a stay, pending disposal of
Read MorePiramal Realty invests Rs2,400 crore in first commercial project
Piramal Realty, the real estate division of Ajay Piramal-controlled Piramal Enterprises Ltd, is investing Rs2,400 crore in its first commercial projec
Read MoreGenesis Energy Beats Nirma to Acquire Tronox Alkali for $1.3 B
US-based Genesis Energy agreed to buy Tronox Ltd's alkali business, the world's largest producer of natural soda `8,463 crore) in ash, for about $1.33
Read MoreJapan's Suzuki Motor posts higher Q1 profit on strong India sales
Japan's Suzuki Motor Corp on Thursday posted a 43.8 per cent jump in its first-quarter operating profit, a sixth consecutive year-on-year rise, booste
Read MoreTesla revenues double but losses also grow
The company reported revenue of almost $2.8bn (?2.1) in the three months to 30 June, up from $1.3bn during the same period last year.Losses increased
Read MoreMore than 400 new FPIs registered with Sebi in April-May
More than 400 fresh foreign portfolio investors (FPIs) were registered with Sebi in April-May, indicating that India remains an attractive destination
Read MoreBanks may need 20% incremental provisioning for 50 large stressed assets
Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs.3 lakh crore in constru
Read MoreSBI plans to raise Rs 2,000 cr via Basel-III bonds
State Bank of India plans to raise Rs 2,000 crore by allotting Basel-III compliant bonds to various investors.?The committee of directors for capital
Read MoreRamco Cements to to add 3MT with Rs 1,100-crore investment
Expecting a strong revival in the demand, The Ramco Cements (formerly known as Madras Cements) has embarked upon a Rs 1,100 crore capacity expansion a
Read MoreHindustan Construction Company reports 33% increase in y-o-y net profit
Engineering major, Hindustan Construction Company (HCC), on Thursday, reported a 33% increase in year-on-year net profit to Rs 14.5 crore for the thre
Read MoreIOC Q1 profit falls 45% to Rs4,549 crore, beats estimates
State-run Indian Oil Corp. said June quarter profit declined 45% to Rs4,549 crore from a year ago despite handsome gains in operating revenue as expen
Read MoreTitan Q1 Net jumps 96.8% to Rs 237.97 crore
Tata Group firm Titan Company Ltd today reported a 96.84 percent increase in consolidated net profit to Rs 237.97 crore for the first quarter ended Ju
Read MoreAmazon India launches inbound pickup service in 6 more states
Amazon India has launched the inbound pickup service of Fulfilment by Amazon (FBA), in six more states namely Delhi, Tamil Nadu, Rajasthan, West Benga
Read MoreSteel Tycoon Open to JFE Investment With India Deals in Mind
Steel tycoon Sajjan Jindal?s JSW Steel Ltd. will consider an investment from Japan?s second-biggest mill as the Mumbai-based firm looks to acquire dis
Read MoreCBEC clarifies on GST rates for sweets
Sandesh, the famous sweet made from concentrated milk, will attract 5 per cent GST even when prepared with a chocolate layer, the Central Board of Exc
Read MoreServices sector PMI falls most in 4 years on GST
After the manufacturing sector, India?s services sector also plunged into the contraction mode in July with the sharpest fall in about four years as c
Read MoreIndian Gold glitters despite global fall: Demand up by 37% in April-June; here?s why
Indian gold demand jumped 37% in volume term in the April-June quarter from a year earlier despite a 10% fall globally, thanks mainly to a favourable
Read MoreRupee closes at fresh two-year high against US dollar
The Indian rupee continued its strong performance and remained at a fresh two-year high against the US dollar in morning trade on Thursday, on surging
Read MoreSteel firms paying high price for captive iron ore mines to ensure supply
The auction of iron ore blocks in the country has shown steeper competition and higher price bidding for blocks reserved for captive use when compared
Read MoreEuro zone businesses outran British firms at start of second half
Businesses across the euro zone started the second half with robust growth, outpacing British counterparts which are struggling to regain momentum as
Read MoreCognizant Q2 net soars 86% to $470 mn, revises annual revenue guidance
Information technology (IT) services firm Cognizant said second-quarter profits rose 86 per cent to $470 million and revenue grew 8.9 per cent to $3.6
Read MoreNotification No.RBI/2017-18/39
Government Banking - Issue of Letters of Credit and Bank Guarantee
Read MoreNotification No.RBI/2017-18/38
Natural Calamities Portal ? Monthly Reporting System
Read MoreNotification No.RBI/2017-18/37
Exclusion of the name of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travanc
Read MoreNotification No.RBI/2017-18/36
Basel III Framework on Liquidity Standards ? Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard
Read MoreNotification No.RBI/2017-18/35
Issue of comprehensive Credit Information Reports
Read MoreNotification No.RBI/2017-18/34
Change in Bank Rate
Read MoreNotification No.RBI/2017-18/33
Standing Liquidity Facility for Primary Dealers
Read MoreNotification No.RBI/2017-18/32
Liquidity Adjustment Facility ? Repo and Reverse Repo Rates
Read MoreNotification No.RBI/2017-18/31
Marginal Standing Facility (Corrected)
Read MoreNotification No.75/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 4th August, 2017
Read MoreNotification No. 70 /2017 Customs
Amendment in notification no 50/2017-cus dated 30.06.2017.
Read MoreNotification No. 69 /2017 Customs
Rescinding notification no 63/2017-customs dated 05.07.2017.
Read MoreHere's another indication that the global economy is improving
There have been plenty of good news stories on the global economy in 2017. Here?s another.It?s from the International Air Transport Association (IATA)
Read MoreIMF forecasts 0.8% economic growth for Nigeria
THE International Monetary Fund (IMF), yesterday, said Nigeria is expected to emerge from recession this year with an economic growth of 0.8 percent,
Read MoreEuro zone business activity lost some momentum in July, still strong -PMI
Euro zone businesses started the second half of 2017 with robust growth although the pace slowed slightly from June as a loss of momentum in Germany a
Read MoreGrowth in China's services sector slows in July - Caixin PMI
China's services sector expanded at a slightly slower pace in July as new business growth eased, a private business survey showed on Thursday, pointin
Read MoreBigBasket gets nod for FDI in food retail
After Grofers and Amazon India, online grocery firm BigBasket on Wednesday received the government?s nod for foreign direct investment to undertake re
Read MoreStates? farm loan waivers may result in fiscal slippages: RBI
The Reserve Bank today said farm loan waivers by state governments could result in possible fiscal slippages and undermine the quality of public spend
Read MoreServices Purchasing Managers? Index contracts to 4-year low in July, post GST
The services sector contracted in July and fell to its lowest level in nearly four years following implementation of the Goods and Services Tax (GST),
Read MoreGST roils India's economy with PMI plunging most since 2009
Business conditions in India have deteriorated the most since the global financial crisis as the roll out of a nationwide sales tax disrupted supply a
Read MoreBusinesses can start filing July returns on GSTN from August 5
The first tax returns under the new Goods and Services Tax (GST) regime can be filed from Saturday and the facility will remain open till August 20, G
Read MoreHydropower projects incur over Rs 45,000-cr cost overrun
Large hydroelectric power projects ( more than 25 MW) in the country are facing time and cost over runs.In response to a question in the Rajya Sabha o
Read MoreCancel Hold to select Select All Bond yields up, call rate down
Government bonds (G-Secs) slipped on selling pressure from banks and corporates. The 6.79 per cent G-Sec maturing in 2029 declined to Rs 99.22 from Rs
Read MoreTelecom sector received FDI worth over $9.79 bn from 2014-15
The country received foreign direct investment (FDI) of over $9.79 billion since 2014-15 in the telecom sector, Parliament was informed today. As per
Read MoreKarnataka plant is now Honda?s largest for two-wheelers
Honda Motorcycle and Scooter India, a 100 per cent subsidiary of Honda Motorcycle Company in Japan, has expanded its Narsapura plant, making it the co
Read MoreRInfra net down 22%, targets debt reduction of 9,000 cr
Anil Ambani-led Reliance Infrastructure Ltd (RInfra) has posted a 22 per cent fall in consolidated net profit at 334 crore for the first quarter ended
Read MoreHigh-sea sales to attract IGST only once, clarifies CBEC
High-sea sale transactions or imports will attract Integrated Goods and Services Tax (IGST) only once at the hands of last importer on the final price
Read MoreEmami eyes more buys in health care
Consumer goods entity Emami, known to have grown its portfolio and market share by acquisition in segments it hitherto wasn?t present in, is eyeing fu
Read MoreLOSSES INCURRED BY CPSES RISE TO RS 28,756 CR DURING 2015-16
Losses incurred by central public sector enterprises (CPSEs) have increased to Rs 28,756 crore during 2015-16 as against Rs 27,498 crore in the previo
Read MoreOdisha Illegal Mining: Supreme Court Asks Firms To Pay 100% Penalty
The Supreme Court today said that mining companies in Odisha operating without environmental clearance will have to pay a 100 per cent penalty to the
Read MorePrivate equity and venture capital investments jump 41% to record $11 billion in H1 2017
Private equity and venture capital investments touched a record USD 11.2 billion in the first half of this calender year, a 41 per cent rise over last
Read MoreL&T wins Rs3,375-crore contract from Mauritius govt to build Metro Express
Engineering major L&T on Wednesday said it has won a Rs3,375 crore contract from Mauritius government undertaking Metro Express Ltd to design and buil
Read MoreStandard Chartered plunges as troubled outlook overshadows revenue gain
Bill Winters? overhaul of Standard Chartered Plc has stalled.The emerging-market-focused lender fell the most in almost nine months after the chief ex
Read MoreGold prices take a knock from muted demand, silver follows
Gold prices lost for the second day on Wednesday, this time by Rs80 to Rs29,450 per 10 grams, in step with global sluggishness. Reduced offtake by jew
Read MoreOil dodges bears, climbs back toward $52 per barrel
Oil shook off a raft of bearish headlines on Wednesday, as investors and traders took advantage of earlier losses and pushed the price back toward $52
Read MoreAxis Bank raises $500 million at a finer price
Private sector Axis Bank has raised $500 million in bonds as part of its $5 billion global medium-term note programme.The bank has managed to obtain a
Read MoreWhen rupee scaled two year peak of 63.70
The rupee on Wednesday strengthened to its highest in more than two years at 63.70 to the dollar even as two large foreign banks are understood to hav
Read MoreBanks can include reserves held abroad in level 1 assets
The Reserve Bank of India (RBI) on Wednesday said Indian banks will be allowed to include in their level 1 assets reserves held with foreign central b
Read MoreBond yield rises after neutral policy move
The 10-year benchmark yield closed 2 basis points higher on Wednesday at 6.46% after the Reserve Bank of India (RBI) cut the repo rate by 25 basis poi
Read MoreCentral bank flags poor transmission of past rate cuts through MCLRs
The Reserve Bank of India (RBI) on Wednesday flagged the issue of poor transmission of past rate reductions through marginal cost of funds-based lendi
Read MoreWhy RBI rate cut is unlikely to translate into lower borrowing costs for customers
The Reserve Bank of India?s decision to cut the benchmark lending rate by 25 basis points on Wednesday is unlikely to translate into lower borrowing c
Read MoreHow rural recovery boosted sales of entry level two wheelers of Hero MotoCorp
Demand recovery in the rural market after three fiscal years due to two consecutive years of good rain fall and initiatives like farm loan waivers hav
Read MoreLupin Q1 profit dips 59 per cent to Rs 358 crore
Drug firm Lupin today reported 59.40 per cent decline in consolidated net profit to Rs 358.06 crore for the quarter ended on June 30, 2017, due to pri
Read MoreIndia on track to meet 3.2% fiscal deficit target: UBS
The Indian government is on track to achieving the fiscal deficit target of 3.2 per cent of GDP in the current fiscal year, says an UBS report. The gl
Read MoreGST impact on mobile phones: How new tax regime is bad for online and good for offline players
The roll-out of the goods and services tax seems to have taken a toll on sales of mobile phones by online platforms as they no more enjoy any pricing
Read MoreMonetary policy review: RBI cuts repo rate but loans may not be cheaper
Despite the Reserve Bank of India (RBI) trimming the repo rate by a widely-expected 25 basis points on Wednesday, borrowers may not get much relief as
Read MoreGovt restores RoSL benefits for garment exports
The government on Tuesday decided to restore the rate of the remission of state levies (RoSL) under the duty drawback scheme available to garments exp
Read MoreCommercial vehicle sales in July see double-digit growth
After a sluggish run for months, commercial vehicle makers have reported a double-digit growth in volumes sold to dealers last month. This, however, i
Read MorePunjab National Bank Q1 Profit Rises To Rs. 343 Crore, But Misses Estimates
Punjab National Bank, India's fourth-biggest lender by assets, reported a 12 per cent rise in quarterly profit, as provisions for bad loans fell, alth
Read MoreApple revenue rises on higher-than-expected iPhone shipments
Apple Inc reported a 7.2 percent rise in quarterly revenue on Tuesday, buoyed by better-than-expected sales of its iPhones ahead of the smartphone's 1
Read MoreHow Toshiba's sale of $18 billion chip unit stalled, and what's next
Japanese conglomerate Toshiba Corp's talks to sell its prized memory chip business have stalled, raising concerns over how fast the company can plug a
Read MoreAsia's third largest economy braces for rate cut to battle low inflation
The Reserve Bank of India was widely expected to cut its main policy rate to the lowest in the more than six years on Wednesday to battle low inflatio
Read MoreSouth Korea rolls out toughest rules yet to cool housing, hikes capital gains tax
South Korea will raise capital gains taxes on owners of multiple homes and impose fresh mortgage curbs to rein in speculators who policymakers blame f
Read MoreDirect tax collections go up by 21 pct till July 15
The direct tax collection has jumped by over 21% to Rs 1.80 lakh crore till July 15 compared to the same period last fiscal, the finance ministry said
Read MoreRBI seen cutting rates to over 6-1/2 year low, faces pressure to do more
The Reserve Bank of India will likely cut its main policy rate on Wednesday by a quarter percentage point to a more than 6-1/2 year low after inflatio
Read MoreIndia, ASEAN-5 more fetching to FDI than other emerging markets
India along with Indonesia, Malaysia, Thailand, the Philippines and Vietnam is more attractive to FDIs as compared to other emerging markets and flows
Read MoreeBay.in becomes Flipkart group company with close of merger
Flipkart, India?s largest e-commerce marketplace and eBay have successfully concluded the merger transaction to make eBay.in a Flipkart Group Company.
Read MoreGoogle app store Google Play hits 1 billion downloads mark in India
Google?s app store Google Play has hit the one billion download mark in July this year in India. The company has seen a 150% year on year growth on th
Read MoreCG Group to invest Rs 1,000 crore by 2020
The Kathmandu-headquartered CG Group is planning to invest Rs 1,000 crore in India over the next three years in the food and beverages business. The d
Read MorePrimary deficit in Q1 over ten times of Budget target at Rs 3 lakh cr
The Centre's financial position would have looked too shaky in the first quarter of the current financial year had the government accepted Chief Econo
Read MoreGovernment buys defence equipment worth Rs 2.38 lakh cr in 3 years, Rs 1.52 cr from domestic vendors
Defence equipment worth Rs 2.38 lakh crore were procured for the armed forces in the last three financial years, including worth Rs 1.52 crore from do
Read MoreOil slips 3% on rise in Opec output supply
Oil slid about 3 per cent from a two-month high on Tuesday as major world oil producers kept pumping out supply, worrying investors that several weeks
Read MoreManufacturing PMI at over 8-year low
Manufacturing activities contracted to an eight-and-a-half-year low in July following the goods and service tax (GST) roll-out, showed the widely-trac
Read MoreDCM Shriram net up 40% in June quarter
DCM Shriram has posted a consolidated net profit of Rs.233 crore in the quarter ended June 30, which was an impressive 40 per cent increase over the s
Read MoreLiberty House acquires Tata Steel?s UK pipe mills
Liberty House, the industrial group owned by Sanjeev Gupta, has acquired two British pipe mills owned by Tata Steel, on which an agreement was reached
Read MoreMarico Q1 net profit down 12 pc at Rs 236 crore
FMCG player Marico today reported a 11.92 per cent decline in its consolidated net profit to Rs 235.94 crore for the first quarter ended June 30, on a
Read MorePiramal Enterprises Q1 net profit up 43% to Rs 247.46 cr
Diversified group Piramal Enterprises today reported a 43.09 per cent jump in its consolidated net profit at Rs 247.46 crore for the quarter ended Jun
Read MoreFreddie Mac posts $1.7B net income in Q2; pays $2B dividend
Mortgage giant Freddie Mac reported net income of $1.7 billion for the second quarter, up from the same period of 2016.The government-controlled compa
Read MoreU.S. spending, factory data point to moderate economic growth
A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior
Read MoreEurozone economy picked up speed in Q2 2017
Europe?s economic expansion kept on rolling and even picked up a little speed in the second quarter.The economy in the 19 countries that use the euro
Read MoreGold prices slide by Rs120 on global cues, fall in demand
Gold prices eased by Rs120 to Rs29,530 per 10 gram at the bullion market on Tuesday, owing to fall in demand from local jewellers and a weak trend ove
Read MoreGeneral insurers need Rs 37,000 crore capital to grow at 20pc
The general insurance industry requires Rs 37,000 crore growth capital to achieve a CAGR growth rate of 20 per cent over next five years, says a repor
Read MoreDay before credit policy, rupee hits 11 weeks high; know what it means
A day before RBI is scheduled to announce its third bi-monthly monetary policy for 2017-18, the rupee on Tuesday ended 10 paise higher at 64.08 to the
Read MoreThese banks are expected to cut deposit, lending rates
A likely cut in the Reserve Bank of India?s key repo rate on Wednesday and outflows in banks? low-cost deposit accrued on account of demonetisation co
Read MoreJSW Steel net down 43% to Rs 624 crore
The country?s second largest steel producer, JSW Steel on Tuesday reported a sharp fall of 43% on a year-on-year basis in its consolidated net profit
Read MoreFlipkart may get up to $2 bn from SoftBank after deal talks with Snapdeal collapse
Japanese conglomerate SoftBank is looking at investing about $2 billion in home-grown e-commerce major, Flipkart, according to industry sources.SoftBa
Read MorePSU banks need Rs 1.9 lakh cr capital by March 2019: S&P
PSU banks will need at least Rs1.9 lakh crore additional capital by March 2019 as the lack of it will restrict their ability to write down non-perform
Read MoreWhy mortgage growth at banks hit 4 month low in June
Despite banks having dropped loan rates, the growth in mortgages has dropped to a four-month low of 11.4% year-on-year (y-o-y) in June. Home buyers, a
Read MoreBrazil's worst recession leaves 14 million people unemployed
When Ana Carolina Gomes da Silva became the first in her family to earn a college diploma and followed up with a master's degree in pediatric medicine
Read MoreEmbroidered and designer sarees to attract 5% GST: CBEC
Sarees ? designer, embroidered or otherwise value added ? will attract a 5% goods and services tax, the Central Board of Excise and Customs (CBEC) has
Read MorePromoter stake in listed firms at 16-year low
Promoter shareholdings in listed companies has dropped to the lowest in almost 16 years. This is on the back of the emergence of professionally-manage
Read MoreDiscovery buys Scripps for $11.9 bn
Discovery Communications agreed to buy Scripps Networks Interactive for $11.9 billion in a bet that uniting the ownership of cable channels like Anima
Read MoreCBDT signs 9 advance pricing pacts with taxpayers in July
The Central Board of Direct Taxes has signed nine unilateral advance pricing agreements (APAs) in July with Indian taxpayers as it looks to reduce lit
Read MoreGovt set to block $1.3-bn Chinese pharma firm Fosun's takeover of Gland
India is poised to reject Shanghai Fosun Pharmaceutical Group?s proposed $1.3-billion takeover of drugmaker Gland Pharma, according to people familiar
Read MoreJK Paper Q1 net profit jumps over two-fold to Rs 60 cr
JK Paper today reported over two-fold increase in net profit to Rs 60.11 crore for the first quarter ended June 30 on back of higher sales. The compan
Read MoreClean energy sector adds 1059 MW in Q1
New capacity addition in the renewable sector during first quarter of this fiscal was lower at 1,059 MW when compared with 1465 MW in a year ago quart
Read MoreSingapore June bank lending rises 7.6 pct on-year
Singapore's total bank lending in June rose 7.6 percent compared to a year earlier, helped by increases in housing and bridging loans, central bank da
Read MoreSNB posts $1.2 b profit in H1
Switzerland?s central bank on Monday reported a net profit of 1.2 billion Swiss francs ($1.2 billion) for the first half of 2017 as big foreign exchan
Read MoreIncome tax returns filing, PAN-Aadhaar linking deadlines extended to 5 Aug, 31 Aug on deluge of complaints
In a last minute decision, the government on Monday extended the deadline for filing Income Tax Returns (ITRs) and linking Aadhaar with the Permanent
Read MoreHSBC tops earnings estimates, announces $2 billion share buyback
HSBC, Europe's largest bank, reported a set of financial results that beat estimates in the first half of 2017 and announced a $2 billion share buybac
Read MoreEuro zone core inflation unexpectedly picks up in July
A key measure of euro zone inflation accelerated to a four-year high this month and euro zone unemployment fell to its lowest since 2009 in June, data
Read MoreJapan June industrial output rises 1.6%
Japan's factory output rebounded in June from a decline in May as production of cars and industrial chemicals increased, suggesting economic expansion
Read MoreChina's service trade deficit widens in June
China's service trade deficit expanded in June after a contraction in May, the State Administration of Foreign Exchange (SAFE) said Monday.The deficit
Read MoreHow curb on cheap imports helps domestic steel prices
The role of international trade in the growth of the economy has been well established. The major exporting nations namely, Germany, Japan, South Kore
Read MoreGOLD SEES SHARP RS 350 JUMP ON DEMAND BUILD-UP
Gold made a powerful statement today with a sharp gain of Rs 350 at Rs 29,650 per 10 grams, riding on brisk buying by local jewellers, even as the met
Read MoreSavings of $600 bn to flow into financial products in 5 yrs
Helped by regulatory and policy initiatives, a whopping USD 600 billion worth of savings is likely to flow into financial instruments, including equit
Read MoreCompanies and financial institutions mop up close to Rs 56,000 crore by way of fund raising through equities
Companies and financial institutions have mopped up close to Rs 56,000 crore by way of fund-raising through equities so far in 2017. This is about 20%
Read MoreP-note investments drop to Rs 1.65 lakh crore in June end
Investments in the domestic capital market through participatory notes (P-notes) slumped to Rs 1.65 lakh crore in June amid stringent norms put in pla
Read MoreWhat happened to growth in bank loans to individuals in June
Growth in bank loans to individuals was 14.1% year-on-year (y-o-y) in June, slower than the 18.5% recorded in June 2016, data released by the Reserve
Read MoreHDFC to raise Rs2,000 crore via bonds
Mortgage lender HDFC Ltd will raise Rs2,000 crore by issuing debt securities on private placement basis to augment long term resources.The Housing Dev
Read MoreBirla Corporation planning to invest around Rs 2400 crore to set up cement plant in Maharashtra
M P Birla Group company Birla Corporation on Monday said it is planning to invest around Rs 2,400 crore for setting up a greenfield cement manufacturi
Read MoreGCPL reports Q1 net profit of Rs225 crore
Consumer packaged goods firm Godrej Consumer Products Ltd (GCPL) on Monday reported a consolidated June quarter net profit of Rs225.17 crore, against
Read MoreNon-core income boosts Tech Mahindra net 6.6% to Rs 798 cr
Fifth largest software exporter Tech Mahindra today reported a 6.57 per cent rise in net profit in the three months ended June at Rs 798.6 crore, prim
Read MoreIndiGo net soars over 37% to Rs 811 crore
Interglobe Aviation, that owns the countrys largest airline IndiGo, today reported its highest quarterly profit with a 37.1 per cent increase in botto
Read MoreFlipkart launches ?made for India? budget brand Billion
India?s largest online retailer Flipkart Ltd has launched a new brand called Billion?across categories such as home appliances and fashion?the first i
Read MoreIndia?s GDP growth in June quarter to be around 6.6%: Nomura
India?s GDP growth is likely to be higher at 6.6% in the June quarter from the previous three months this year even as the pick-up in growth numbers i
Read MoreMarkets make new records on earnings surge, liquidity
The Sensex went up 205 points to end at 32,515 and the Nifty 63 points at 10,077 -- both record closings -- powered by better-than-expected corporate
Read MoreCore sector growth falls to 0.4% in June
The growth of eight core sectors slowed to 0.4% in June due to contraction in output of coal, refinery products, fertiliser and cement.The growth rat
Read MoreFiscal deficit at 80.8% of full-year target at the end of Q1
The central government?s total expenditure rose in the quarter ended 30 June, leading to a sharp jump in fiscal and revenue deficit figures during th
Read MoreSBI cuts deposit rates by 50 bps; know what it means for you
Flush with funds at a time when there are few takers for loans, State Bank of India (SBI) on Monday dropped the interest rate on savings accounts belo
Read MoreLPG Cylinder Prices To Be Hiked By Rs. 4 Every Month
he government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs. 4 per cylinder every month to eliminate all the
Read MoreSnapdeal ends merger talks with Flipkart to ?pursue independent path?
After six months of numerous rounds of discussions to finalise the contours of Flipkart?s acquisition of Snapdeal, the latter said on Monday that it h
Read MoreNotification No.RBI/2017-18/30
Auction of Government of India Dated Securities
Read MoreNotification No.74/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreHDFC clears 9.57% stake dilution in subsidiary HDFC Life
HDFC will sell 9.57% stake in HDFC Life through an IPO in the coming months, becoming the third major life insurer to list on stock markets. The compa
Read MoreTata Group to consolidate defence, financial services and infrastructure businesses
Tata Sons chairman N Chandrasekaran will kick off consolidation at the Tata Group by clustering all defence businesses under one company as it looks t
Read MoreSBI cuts interest rate on savings bank deposits. Will other banks follow?
State Bank of India (SBI) has introduced a two-tier interest rate structure on savings bank deposits. With effect from July 2017, a savings bank balan
Read MoreYou have a few more days to file I-T returns; deadline extended to Aug 5
The Income-tax department on Monday extended the deadline for filing of I-T returns for the assessment year 2016-17 to August 5. The earlier deadline
Read MoreSnapdeal Calls Off Merger Talks With Flipkart, To Pursue Independent Path
Gurgaon-based e-commerce firm Snapdeal today called off talks for a takeover by larger rival Flipkart, saying it will "pursue an independent path" to
Read MoreHong Kong home prices climb to new peaks, but growth pace slows
Hong Kong's red-hot home prices extended their record-breaking run in June, although the pace of growth slowed, underscoring the challenges the city's
Read MoreJapan industrial output increase hints at more stable growth
Japan's factory output rebounded in June from a decline in May as production of cars and industrial chemicals increased, suggesting economic expansion
Read MoreChina July factory growth cools but construction boom fortifies economy
Growth in China's manufacturing sector cooled slightly in July as foreign demand for Chinese goods slackened, but a government-led infrastructure push
Read MoreEuro zone grows but inflation slows
Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt m
Read MoreRupee hits two-month high: Three factors driving the Indian currency
The Indian rupee on Monday hit a fresh two-month high in early trade. It rose by 5 paise to 64.10 amid dollar's slide in international forex market.
Read More5 lakh businesses opt for composition scheme under GST: Hasmukh Adhia
Five lakh businesses have opted for the GST composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy, the g
Read MoreIndia?s engineering exports to China rise 123 pct in June quarter
India?s exports of engineering goods to China saw a whopping 123 per cent growth at USD 629 million during April-June this fiscal, driven by an upsurg
Read MoreJammu and Kashmir government incurred over 42 per cent of expenditure in 29 grants in Q4 of 2015-2016, says CAG
In violation of Jammu and Kashmir?s financial code on rush of expenditure, the state government has spent Rs 23,234 crore in 29 grants in the last qua
Read MoreBrazil, EU seek cuts in farm subsidies, may affect India and other emerging economies
Brazil has teamed up with the European Union to propose a reduction in incentives given by developing countries to their farmers, a move that could im
Read MoreIndia to grow 6.5-7.5% over 12-18 months: Moody's poll
India's GDP growth will remain in the range of 6.5-7.5 per cent over the next 12-18 months and GST will support the momentum for faster growth, a Mood
Read MoreSoon, your order on Flipkart will be delivered by Amazon
Amazon is betting big on delivering irrespective of whether the order is placed on its own website or not. The US behemoth is expanding its logistics
Read MoreGST impact: Auto sales hit a speed breaker in July
To India's automakers, the single producer tax appears to have given mixed signals. Ahead of its introduction, the Goods and Services Tax (GST) had tr
Read MoreCables, batteries for solar power to be taxed at 5%
The government is planning to spell out the effective tax rate under the Goods and Services Tax (GST) for supplies to solar power project developers.T
Read MoreFPIs remain bullish on Indian markets, pour $4 billion in July
Overseas investors have pumped a staggering USD 4 billion into the Indian capital market this month, primarily due to "better prospects" of economic g
Read MoreLess wiggle room for promoters
Corporate ownership in India is predominantly concentrated in the hands of domestic individuals and promoter groups or the State. Such presence of own
Read MoreA 25 bps repo rate cut is on the cards
The Monetary Policy Committee (MPC) of the Reserve Bank of India will most likely go for a 25 basis points (bps) cut in the repo rate at its upcoming
Read MoreChina aluminium sector, a conundrum
It?s all about China.This has been the mantra of the industrial metal markets for over a decade. The country?s industrialisation and urbanisation prog
Read MoreSanctions cut Qatar central bank's foreign reserves by $10.4 bln in June
The Qatar central bank's net international reserves plunged by $10.4 billion in June to $24.4 billion because of economic sanctions imposed by other A
Read MoreBritish luxury car exports to India on rise
India has proved to be a robust market for British luxury cars as latest figures released by the UK automotive industry this week indicate a spike in
Read MoreHyundai readies to enter commercial vehicle market in India
Korean auto major Hyundai, the second-largest car maker in India, is looking to enter the domestic commercial vehicle market. Seoul-headquartered Hyun
Read MoreHutchison sells HK fixed-line business to I Squared for $1.9 bn
Hutchison Telecommunications Hong Kong Holdings Ltd said on Sunday it agreed to sell its fixed-line telecoms business to I Squared Capital for about $
Read MoreIndia, S Korea reviewing FTA to boost trade
India and South Korea are carrying out a review of their free trade agreement to further boost bilateral trade and investment, a senior commerce minis
Read MoreBig relief to UP builders, Yogi Adityanath government redefines ongoing projects
The Uttar Pradesh government?s real estate rules have amended the definition of an ?ongoing project?, allowing a builder to be exempt from the purview
Read MoreBudgetary capex of Centre grew whopping 58 pct to Rs 52,536 in April to May period, thanks to road and power projects
Not just the government, its companies and undertakings also have sustained their robust capex pace in the first quarter of 2017-18. The central publi
Read MoreFirst quarter earnings: India Inc muddles through
With a bigger share of hits than misses, the earnings season is turning out to be disappointing. A host of heavyweights, including TCS, Vedanta, Dr Re
Read MoreIMF says dollar overvalued; euro, yen, yuan broadly in line with fundamentals
The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic funda
Read MoreInternational Monetary Fund: Countries must avoid protectionism ?at all costs?
The International Monetary Fund warned world leaders today to avoid resorting to protectionist measures ?at all costs? due to the damage it would caus
Read MorePower generation flat in June 2017 at 97 billion units
Power generation in June 2017 remained flat at 97 billion units on account of lower demand from distribution companies according to a credit rating ag
Read MoreGovernment collected Rs 2,35,308 crore as cesses in 2016-17
The government collected a total Rs 2,35,307.75 crore last fiscal by way of a host of cesses, including those of education, Swachh Bharat, Krishi Kaly
Read MoreNew consumer protection bill could be next big game changer
A new consumer protection bill that is likely to be tabled during Parliament's ongoing monsoon session is seen as the next big game-changer for the co
Read MoreSpecial counters to file tax returns
A total of 54 special counters will be set up at Palace Grounds to help salaried persons and pensioners file their income tax returns between July 29
Read MoreBiocon consolidated net profit plunges 51% in June quarter
Biocon reported uninspiring numbers on the back of a weakening dollar, low uptake due to GST rollout and inclusion of operational and fixed costs in i
Read MoreXiaomi secures $1 billion loan from 18 banks to drive its global retail efforts
Xiaomi, through its subsidiary Xiaomi H.K. Ltd, has announced it has raised $1 billion in debt financing from 18 banks across Europe, Middle East, Ind
Read MoreBonds decline, call rates rule stable
Government bonds (G-Secs) declined on selling pressure from banks and corporates.While, Interbank call money rates ruled steady as demand from borrowi
Read MoreLIC posts 145% jump in profit from sale of equities in Q1
Life Insurance Corporation of India (LIC) has registered a whopping 145 per cent jump in profit from sale of equities in the April-June quarter of the
Read MoreUday Helps Most State Discoms Cut Losses, Improve Efficiency
The gap between average cost of power supply and average revenue of state power distribution companies has narrowed, showing positive impact of the Ce
Read MoreHDFC clears 9.57% stake dilution in subsidiary HDFC Life through IPO
Mortgage lender HDFC Ltd on Friday approved sale of over 19 crore shares, or 9.57% stake, in its subsidiary HDFC Life, through its proposed IPO. Earli
Read MoreLi Ka-shing group acquires German smart-metering firm
A joint venture backed by Hong Kong tycoon Li Ka-shing has agreed to acquire German metering and energy management group Ista International.The price
Read MoreBarclays suffers $1.6 billion loss
Barclays reported a 1.2 billion pound ($1.57 billion)attributable loss for the first half of the year, as it took a 2.5 billion pound hit from the sal
Read MoreUS economy expanded at solid 2.6 percent rate in Q2
The economy picked up in the second quarter after a lackluster start to the year as solid consumer spending more than offset weak business stockpiling
Read MoreFrance?s Economy Expands For Fourth Consecutive Quarter
France?s economy expanded for a fourth straight quarter, ending years of stop-start progress and giving President Emmanuel Macron momentum as he tries
Read MoreOil posts best weekly gain this year, up 8.6% to $49.71 on signs of market rebalancing
Oil prices edged higher on Friday, reaching new two-month highs and posting the strongest weekly percentage gains this year as investors digested sign
Read More`NPAs rise due to loan waivers may hit fresh agri credit
Days after it reported spike in its own NPAs due to farm loan waivers, HDFC Bank today warned that lenders may discontinue fresh lending to the agricu
Read MoreLow inflation to encourage RBI to cut rates next week
The Reserve Bank of India (RBI) is expected to cut interest rates when it meets on August 2, responding to an inflation rate running well below target
Read MoreSEBI?s new bond rules to reduce corporates? funding sources: Fitch
The new regulations of the Securities and Exchange Board of India (SEBI) on foreign holdings of rupee-denominated corporate bonds will reduce options
Read MoreRupee in reversal mode, down 4 paise at 64.15 a dollar
After a big overnight rally, the rupee on Friday retreated by 4 paise to end at 64.15 against the US dollar even as the greenback struggled to bounce
Read MoreFrom South Indian Bank, HDFC Bank to ICICI Bank, private banks see rise in June quarter NPAs
Thirteen of the 15 listed private sector banks that have reported their results for the quarter ended June saw their gross non-performing assets (NPAs
Read MoreWilmar Sugar to invest Rs800 crore in Shree Renuka Sugars to pare debt
Shree Renuka Sugars on Friday said its promoter entity Wilmar Sugar Holdings (WSH) will invest about Rs800 crore in the company to reduce debt burden.
Read MoreMarico South Africa acquires hair styling brand Isoplus for Rs 36 cr
FMCG major Marico on Friday said its wholly-owned subsidiary Marico South Africa has acquired hair styling brand Isoplus for 75 million South African
Read MoreIndia Cements Q1 profits sink
South India's largest cement maker by volume The India Cements Ltd., on Friday said its quarterly profits for April-June period plummeted to Rs 26.44
Read MoreEven as revenue soared 14x to Rs 32.8 cr, OYO Rooms posts 24x jump in losses in FY16
The SoftBank-backed Oravel Stays, which runs budget hotel aggrgrator service under OYO Rooms, has posted a 24-fold jump in losses to Rs 496 crore for
Read MoreMinimum Wages Code set to end disparity in salaries; know how
The government is likely to do away with the existing concept of scheduled employments under the Code on Wages, a move that will extend the benefit of
Read MoreRevenue set to plummet in July-September period; Centre says impossible to quantify amount
It?s widely accepted that Goods and Services Tax (GST) will improve indirect tax revenue for the government, but the finance ministry expects that the
Read MoreL&T Q1 profit rises 46% to Rs893 crore, but misses estimates
Larsen and Toubro Ltd (L&T), the conglomerate that often mirrors the performance of the broader economy, on Friday posted a 46% increase in consolidat
Read MoreForex chest swells to record high of $391.33 bn
Foreign exchange reserves touched a new record high of $391.33 billion after it rose $2.27 billion in the week up to July 21, aided by increase in for
Read MoreNarendra Modi government looks to rollout DBT type benefit in power sector; here is how you will benefit
To meet the twin goals of curbing wasteful electricity consumption and limiting power subsidies to the really needy, the government is looking at repl
Read MoreSupreme Court asks SpiceJet to pay Rs579 crore in dispute with KAL Airways
The Supreme Court on Friday rejected SpiceJet?s appeal and directed the company to pay a sum of Rs579 crore over a share transfer dispute arising out
Read MoreFoodgrain output in India may hit record, all set to keep inflation low
India?s foodgrain production in the current kharif season might equal if not surpass last year?s record output of 138 million tonnes (mt), a prospect
Read MoreONGC gets govt nod to buy 80% stake in GSPC worth Rs 7,738 cr
State-owned Oil and Natural Gas Corp (ONGC) has won government approval for the acquisition of Gujarat State Petroleum Corp's entire 80 per cent holdi
Read MoreAppointment of Statutory Auditors of various units of ICAI 2017-18
EOI for hosting at website of ICAI and PDC portal regarding appointment of Statutory Auditors of various units of ICAI 2017-18
Read MoreNotification No.RBI/2017-18/29
Appointment of Statutory Central Auditors (SCAs) ? modification of rest period
Read MoreNotification No.RBI/2017-18/28
Exim Bank's Government of India supported Line of Credit of USD 24.54 million to the Government of the Republic of Ghana
Read MoreCircular No.32/2017-Customs
Clarification regarding exports under claim for drawback in the GST scenario.
Read MoreNotification No.36/2017-Customs (ADD)
Seeks to continue anti-dumping inforce concerning imports of 'polytetraflouroethylene or PTFE' originating in exported from China PR.
Read MoreNotification No.73/2017 Customs (N.T.)
Regarding amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIRs of duty drawback
Read MoreNotification No. 68 /2017 Customs
Seeks to amend Notification No. 96/2008-Customs dated 13th August 2008 to insert S. No. 35-Republic of Niger and S. No. 36 -Republic of Guinea in the
Read MoreNotification No. 74/2017
Notification No. 74/2017 (File No. 225/252/2017-ITA-II)
Read MoreNotification No. 73/2017
[Notification No.73/2017,F. No.149/251/2015-TPL]
Read MoreNotification No. 72/2017
[Notification No. 72/2017/ F. No. 187/13/2015-(ITA.I)]
Read MoreNotification No. 71/2017
[Notification No. 71/2017/F.No. 187/13/2015(ITA.I)]
Read MoreEOI for hosting at website of ICAI and PDC portal regarding appointment of Statutory Auditors of various units of ICAI 2017-18
EOI for hosting at website of ICAI and PDC portal regarding appointment of Statutory Auditors of various units of ICAI 2017-18
Read MoreReliance Jio Phone to drive VoLTE devices numbers to 500 mn as India set to take to new feature phone
While it took a year for sales of VoLTE smartphones in India to rise from 50 million to 150 million according to data from Counterpoint, the number co
Read MoreICICI Bank Reports 8% Drop In Q1 Profit, Sees 'Positive' Trend On Bad Loans
ICICI Bank Ltd said it was optimistic about containing its bad loans after the three months to June saw the smallest rise in soured assets for seven q
Read MoreNTT Communications unaffected by Tata-Docomo issue, pumps in $160 million
Japanese tech firm NTT Communications today said the row between its sister concern NTT Docomo and domestic conglomerate Tata Sons, which has been res
Read MoreHeads of revenue sign tax cooperation pact; hail India?s tax reform GST
Heads of revenue of BRICS nations have signed a pact to identify areas of cooperation in tax matters among members of the group, and hailed India?s in
Read MoreMinimum wage raised by 10 pct to Rs 176 per day by Centre with effect from July 1
The Centre has raised the national floor-level minimum wage (NFLMW) by 10% to Rs 176 per day from Rs 160 a day earlier with effect from July 1 and sen
Read MoreGST impact on retailers: Extra discounts on white goods slashed
As the Goods and services tax (GST) has increased the tax rates on white goods and kitchen appliances by as much as 3 percentage points, retailers hav
Read MoreIndian digital economy has big potential: Mastercard
India has emerged as a potentially strong digital economy and been categorised under the "Break Out" segment among 60 countries in an index launched o
Read MoreReverse auction of second tranche of 1 GW wind power projects delayed
The reverse auction for the second tranche of 1,000 MW wind power projects, for which bids of more than 2,800 MW have already been received, will not
Read MoreJapan household spending jumps most since 2015 in sign of sustainable growth
Japanese household spending in June jumped the most since 2015 as job availability improved to a fresh 43-year high, in a sign the tightening labor ma
Read MoreUK consumer morale slips as economic mood hits 4-year low ? GfK
British consumer morale has sunk back to depths hit just after last year?s Brexit vote and worse may be to come as households? view of the broader eco
Read MoreChina?s urban unemployment rate stays below 4 per cent for 2nd straight quarter
China?s registered urban unemployment rate stayed below 4 percent for the second consecutive quarter as the world?s No. 2 economy maintained a robust
Read MorePOLL-Low inflation to encourage India central bank to cut rates next week
The Reserve Bank of India is expected to cut interest rates when it meets on Aug. 2, responding to an inflation rate running well below target, but an
Read MoreAir France-KLM in $1-billion equity deals to expand alliances
Air France-KLM on Thursday announced plans for over $1 billion of equity transactions with other airlines in what it described as a move to become the
Read MoreDiscovery in lead to acquire Scripps Networks for $12 bn
US media company Discovery Communications is in the lead to acquire US cable TV network owner Scripps Networks Interactive, sources said on Wednesday,
Read MoreLok Sabha passes bill to amend Companies Act
The Lok Sabha on Thursday passed a bill to amend the Companies Act, 2013, seeking to strengthen corporate governance standards, initiate strict action
Read MoreL&T Finance junks stake-sale plan for mutual fund arm, eyes IPO
L&T Finance Holdings, the non-banking financial company of engineering and construction major Larsen & Toubro (L&T), has shelved its plan to sell a st
Read MoreMarkets bet on surge in earnings growth
India has the most aggressive earnings growth forecast among the world's major stock markets, and that is probably why the Sensex and the Nifty are co
Read MoreReserve Bank extends 'rest' period for auditors to 6 years
The Reserve Bank of India (RBI) on Thursday criticised private and foreign banks for appointing the same set of auditors alternatively after mandatory
Read MoreIndia may have already become a 4% inflation economy: HSBC economist
India may have already become a 4 per cent inflation economy, Pranjul Bhandari, Chief India Economist, HSBC Global Research, said in a report on Thur
Read MoreWith 2 billion users, Facebook profit jumps 71% in Q2
Clocking over two billion monthly active users, Facebook has posted a net income of $3.89 billion in second quarter of 2017 ? up 71 per cent from the
Read MoreHCL Q1 net profit rises 6.1% to Rs2,171crore, shares soar over 4%
Noida-based HCL Technologies Ltd on Thursday reported a 6.6% sequential drop in net profit and 6.1% rise year-on-year (y-o-y) at Rs2,171 crore in the
Read MoreNokia profits surge after Apple deal and network gains
Network equipment maker Nokia reported a jump in profit on Thursday thanks to a patent deal with Apple and gains in market share though it warned the
Read MoreDr. Reddy?s net profit falls 57%, Glenmark?s profit soars 47% in Q1
Drug makers Dr. Reddy?s Laboratories Ltd and Glenmark Pharmaceuticals Ltd reported June quarter earnings on Thursday, with the former missing market e
Read MoreArcelorMittal Q2 Net up 19% at USD 1.32 billion
The world?s largest steelmaker ArcelorMittal today reported 18.91 per cent rise in net profit at USD 1.32 billion for the April-June quarter on the ba
Read MoreIndia M&A value touches record high of $29.2 bn in Jan-Jun
India M&A deal value in the first half of this year has reached USD 29.2 billion, an all time high since 2001, according to Mergermarket report.The Ja
Read MoreP&G delivers profit, sales beat amid activist pressure
Procter & Gamble Co (PG.N), which is under pressure from activist investor Nelson Peltz, reported another quarter of market-beating profit, helped by
Read MoreU.K. to phase out scandal-hit Libor
In five years' time Libor should be no more.On Thursday a top U.K. regulator said it will phase out the London interbank offered rate, a scandal plagu
Read MoreFood sector draws $183m FDI inflow in first 2-mth of FY18
The country is seeing a lot of interest from foreign players in the food processing sector and in the first two months of FY18 alone, India attracted
Read More'Falling trade deficit opens space to reduce gold import tax'
India's falling trade deficit is giving the world's second-biggest gold consumer room to lower its import duty on bullion, a commerce ministry officia
Read MoreMutual fund exposure to bank stocks at record Rs 1.47 lakh cr
Mutual fund managers continued to be bullish on bank shares, as their allocation to the sector reached an all time-high of Rs 1.47 lakh crore at the e
Read MoreGeneral insurance firms? gross direct premium grows 35 pct in June
General insurance companies posted a growth of 35% in gross direct premium in June on the back of strong performances in segments such as health, moto
Read MoreAfter corporate bond limits get utilised, FPIs eye state development loans
After having utilised the investment limits in government securities and corporate bonds, foreign portfolio investors (FPIs) have now turned their att
Read MoreONGC first-quarter net slips 8.2 pct
National oil explorer ONGC on Thursday reported a 8.2% slide in its net profit for the first quarter of financial year 2017-18 compared with a year ag
Read MoreITC Q1 net rises 7.4% to Rs 2,560 cr
ITC Limited, a multi-business conglomerate, reported 7.4% increase in net profit at Rs 2,560 crore in April-June 2017 quarter as against Rs 2,385 cror
Read MoreAxis Bank buys FreeCharge from Snapdeal for Rs385 crore
Axis Bank Ltd on Thursday announced the acquisition of Snapdeal-owned mobile wallet FreeCharge in a Rs385 crore all-cash deal, strengthening its posit
Read MoreIdea Cellular posts standalone net loss of Rs 617 crore in Q1
Idea Cellular posted a net loss of Rs 617 crore for the first quarter (April-June) 2017-18, a company statement said here on Thursday."The upheaval in
Read MoreNotification No.73/2017 [F. No.149/251/2015-TPL
Publish Date : Wednesday, July 26, 2017
Goods and Services Tax (GST), Central Board of Excise and Customs (CBEC)
Goods and Services Tax (GST), Central Board of Excise and Customs (CBEC)
Read MoreGoods and Services Tax Commissionerate, Delhi West
Goods & Services Tax Commissionerate, Delhi West
Read MoreGoods and Services Tax (GST) - Hyderabad Zone
Goods and Services Tax (GST) - Hyderabad Zone
Read MorePreparing Canada for the changing global economy
Canada is a small, open economy; our prosperity depends on international trade. But as the global economic landscape changes rapidly, many are apprehe
Read MoreEuro zone lending growth unexpectedly weak in June
Growth in bank lending was unexpectedly weak in June, European Central Bank data showed on Thursday, a potentially worrying sign for policymakers even
Read MoreCabinet clears minimum wage code bill; 4 crore employees likely to get benefits
Union cabinet cleared the first of the four labour codes on wages, paving way for consolidation of more than a dozen different central labour laws dea
Read MoreEase of doing business: Odisha move to online by August to perform better
In a bid to enhance its performance in the ?ease of doing business?, Odisha government today decided that 15 services, required for various clearance
Read MoreIndia commits itself to universal and sustainable social security system
India, on Thursday, committed itself to universal and sustainable social security system, improved governance in all its future endeavour and impartin
Read MoreCostlier veggies could push up July inflation marginally
The latest surge in prices of vegetables such as tomatoes may not necessarily influence RBI Governor Urjit Patel?s policy-rate decision as the Monetar
Read MoreCBDT issues clarifications for MAT calculation
Companies opting for Indian Accounting Standards (Ind-AS) may use marked-to-market (MTM) losses for the purpose of Minimum Alternate Tax (MAT) regardi
Read MoreFed holds rates steady, expects portfolio cuts "relatively soon
The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds ?relatively so
Read MoreSluggish UK economy inches forward, Bank of England unlikely to act
Britain's economy failed to build much momentum over the past three months after almost stalling at the start of the year, reducing an already slim ch
Read MoreHDFC Q1 net profit at Rs 1,556 cr; gross NPAs rise to 1.12%
The country?s largest mortgage player Housing Development Finance Corporation (HDFC) on Wednesday posted a net profit of Rs 1,556 crore in the June qu
Read MoreAfter Amazon, Grofers gets govt nod to open 'food only' outlets
Home-grown e-grocer Grofers is the latest online player to receive permission from the government to open fully-owned brick-and-mortar stores for sell
Read MoreDentsu acquires digital firm Sokrati for Rs 800 cr
Advertising major Dentsu Aegis Network has acquired Bengaluru-and-Pune-based digital agency Sokrati Technologies, wrapping up its 13th acquisition in
Read MoreAmazon discloses $600-mn India investments since January
Amazon, the world?s largest e-commerce company, has disclosed investments of $600 million (Rs 3,800 crore) in its Indian business units since January.
Read MoreNifty crosses 10,000 mark; hits all time high
The country?s benchmark indices hit new all-time highs on Wednesday, with the 50-share Nifty closing above the psychological 10,000-mark for the first
Read MoreFord profit edges up on lower tax rate
Foreign tax credits helped Ford Motor Co.'s second-quarter net income rise 3.7 percent to $2.04 billion, but the automaker reduced its pretax profit o
Read MoreCoca-Cola shares rise after earnings beat expectations
Coca-Cola Co. KO, +1.11% shares rose 0.3% in Wednesday premarket trading after the beverage company beat earnings and revenue expectations. Second-qua
Read MoreBritain to ban sale of all diesel and petrol cars and vans from 2040
Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health
Read MoreCoal India Considering Raising Met Coal Prices, Official Says
The world?s biggest coal miner is considering raising metallurgical coal prices for the second time this year, a company official said, reflecting Coa
Read MoreCountry's Crude Steel Production Dips to 7.9 MT in June
The country's crude steel production declined marginally by 1.1 per cent to 7.9 million tonnes (MT) in June, according to the latest report by World S
Read MoreLIC aims new biz on individual basis at Rs 38k cr in FY18
State-run insurance behemoth Life Insurance Corporation (LIC) has set a premium collection target from new business on individual basis at Rs 38,000 c
Read MoreRBI restricts FIIs from buying shares in Capital First
Foreign investors cannot buy further shares in non-banking finance firm Capital First as FIIs/FPIs have crossed the maximum permissible investment lim
Read MoreCorporate bonds attract bids worth $1.15 billion from FPIs
Corporate bonds on Wednesday received an overwhelming response from foreign investors and attracted bids worth $1.6 billion, against $1.15 billion on
Read MoreNestle Q2 net profit up 9.6% to Rs 263.43 cr
FMCG major Nestle India today reported an increase of 9.66 per cent in net profit to Rs 263.43 crore for the second quarter ended June 30, 2017 led by
Read MoreUber India market share jumped to 50 pct in January-June period; Ola at 44 pct
US-based online cab aggregrator Uber grew its market share in the six months to June at 50% as rival Ola Cabs had a share of 44.2%, data from a resear
Read MoreIndia-Africa trade may hit $117-bn mark by 2020-21
India?Africa trade is expected to touch $117 billion mark by 2020-21 as New Delhi increases its engagement with the continent in different ways, accor
Read MoreGovernments free to levy certain other taxes
The finance ministry on Tuesday said states can levy certain taxes under the new indirect tax regime as the GST Council did not have any authority to
Read MoreNow buy more as Cabinet raises Sovereign gold bond subscriptions to 4 kg
The cabinet committee on economic affairs (CCEA) on Wednesday decided to raise the cap on individual subscription of sovereign gold bonds to 4 kg a ye
Read MoreFinancial year from April to March to stop from 2019 as Narendra Modi government trashes another colonial relic
The BJP government under Atal Bihari Vajpayee moved from the colonial 5 pm Budget presentation ? to suit UK timing ? to 11 am, which allowed Indian ma
Read MoreBlow to Haryana property buyers, state dilutes RERA rules
In a blow to home buyers in the state, the Haryana government has diluted the rules for builders, making them far more lenient than those in the centr
Read MoreSnapdeal Board Approves Flipkart's $900-$950 Million Takeover Offer
Online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources said on Wednesday, providing heft to its
Read MoreAverage per capita debt in Madhya Pradesh stands at Rs 13,853 by March 2016
The average per capita debt in Madhya Pradesh was estimated at Rs 13,853 by the end of March 2016, compared to Rs 10,896 recorded in FY 2013-14, the s
Read MoreIndia hastens hydropower projects in Jammu and Kashmir
In a bid to utilise the provisions of the Indus Waters Treaty to the full, India is planning speedy construction of eight hydroelectric projects in Ja
Read MoreLatin America confidence, domestic demand remain weak, warns IMF
The recovery among several Latin American economies is expected to continue into 2018, according to the latest note from the International Monetary Fu
Read MoreNo more low cost - East Europe goes up in the world
Central and Eastern Europe faces the end of an economic era.With employment rates at record highs, and workers demanding wages closer to western level
Read MoreWorld needs $94 trillion spent on infrastructure by 2040: report
Nearly a fifth of the $94 trillion in global infrastructure investment needed by 2040 risks being unfunded if current spending trends continue, the G2
Read MoreFed expected to leave rates unchanged; balance sheet in focus
The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings o
Read MoreUK heading towards recession? Economy?s lackluster performance extends into second quarter with 0.3% growth
The U.K. economy?s lackluster performance extended into the second quarter, with growth only modestly picking up in the period. The expansion of 0.3 p
Read MoreIndia will need $4.5 trillion by 2040 for infrastructure
India will need investments to the tune of around $4.5 trillion till 2040 to develop infrastructure to improve economic growth and community well-bein
Read MoreSebi may ask companies to keep bourses in loop on defaults
The Securities and Exchange Board of India (Sebi) is planning to make it mandatory for listed companies to inform stock exchanges if they fail to make
Read MoreUnutilised FPI bond limits auction
As the corporate bond investment limit for foreign portfolio investors rises to an all-time high, the Securities and Exchange Board of India will on W
Read MoreBonds dip, call rates end lower
Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the interbank call rates also turned lower due to lack of demand f
Read MoreNasdaq to acquire UK market surveillance startup
Nasdaq Inc has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management f
Read MoreAccounting relief for IndAS companies
Companies going for Indian accounting standards (IndAS) need not do second round of adjustment for mark-to-market losses on financial instruments in i
Read MoreSebi expands position limit base for farm commodity futures
Expanding the horizon for traders in agri commodity futures, market regulator Sebi has expanded position limits across all spectrums at the client, me
Read MoreRefresco to buy Cott's bottling operations for $1.25 billion
Netherlands-based drinks bottler Refresco (RFRG.AS) has agreed to buy the bottling activities of Canada-based Cott Corp (BCB.TO) for $1.25 billion, gi
Read MoreMobile data subscribers to touch 900 mn by 2022: CRISIL
Mobile data subscription will cross 900 million users by 2022 in the next five years, with penetration doubling to 80 per cent, according to a CRISIL
Read MoreLIC to offload excess stake in firms in 2 years
The Insurance Regulatory and Development Authority of India has given Life Insurance Corporation of India (LIC) two years to pare shareholdings in com
Read MoreGM promises to cut high inventory as profit beats expectations
General Motors Co (GM.N) on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the s
Read MoreMichael Kors to Buy Jimmy Choo in $1.2 Billion Deal
Michael Kors has picked out some new shoes to go with its handbags.On Tuesday, Michael Kors Holdings said it had agreed to buy the shoe company Jimmy
Read MoreShale Boom May Finally Have Succumbed to Oil?s Price Slump
Oil?s bear market may finally be taking its toll on the shale boom.Hours after Halliburton Co. warned Monday that explorers are ?tapping the brakes" o
Read MoreGold gains further on global cues, jewellers' buying
Rising for the second straight session, gold prices gained another Rs 90 today to Rs 29,400 per 10 gram at the bullion market, tracking a firm trend o
Read MorePunjab National Bank raises Rs 1,500 cr through bonds
Public sector Punjab National Bank (PNB) said it has raised Rs 1,500 crore by issuing Basel III compliant bonds on private placement basis."The bank h
Read MoreFPIs lap up investment limits for G-secs in auction
Foreign Portfolio Investors (FPIs) lapped up investment limits for central government securities on Tuesday?s auction by putting in bids worth Rs 14,6
Read MoreDSK to launch Hungarian bike Keeway in India
After Benelli and Hyosung superbikes, DSK Motowheels is all set to add a third brand in India with the launch of the Keeway brand of motorcycles. Shir
Read MoreEdtech startup Byju?s gets fresh funding from Tencent Holdings; amount not disclosed
Edtech start-up Byju?s has secured a fresh round of funding from Tencent Holdings, which the company said would be utilised for international expansio
Read MoreThird party ecommerce logistics funding up 20 pct in H1; Delhivery.com, Elastic Run lead
Funding in the third party e-commerce logistics space has increased by almost 20% in the first six months of this calendar year as compared to the sam
Read MoreAmazon pumps $215 mn into India data services arm
US-based e-commerce major Amazon.com Inc has infused Rs 1,381.6 crore ($214.6 million) into its Indian data services arm, regulatory filings show. Acc
Read More12th Plan infrastructure investment projections revised
The 12th Plan (FY13-FY17) infrastructure investment projections have been revised to Rs 38.23 lakh crore, which is about 69% of the original plan proj
Read MoreAxis Bank Q1 profit falls 16% as bad loans, provisions climb
Private sector lender Axis Bank Ltd on Tuesday reported a 16.07% decline in its net profit for the June quarter as bad loans continued to mount and pr
Read MoreVedanta Q1 net doubles to Rs 1,525 cr on better margins
Natural resources major Vedanta Ltd on Tuesday reported a more than doubling of its consolidated net profit to Rs 1,525 crore for the first quarter en
Read MoreHero MotoCorp Q1 profit after tax up 3.5% at Rs 914.04 crore
Riding on its best-ever quarterly unit sales, two-wheeler market leader Hero MotoCorp on Tuesday reported a 3.5 per cent increase in profit after tax
Read MoreTransfer unclaimed money to SCWF by March 1: Irdai to insurers
Insurance accruals lying unclaimed for a period of over 10 years as on September 30 will have to be deposited into a fund meant for senior citizens by
Read MoreBharti Airtel Q1 results surprise, beat analysts estimates
Bharti Airtel on Tuesday surprised the Street with a set of numbers for the June quarter that were well ahead of analysts? estimates. The country?s bi
Read MoreCircular No.31/2017-Customs
Extending the Single Window Interface for Facilitation of Trade (SWIFT) in Exports with WCCB to all EDI locations.
Read MoreNotification No.RBI/2017-18/27
Auction of Government of India Dated Securities
Read MoreNotification No. 70/2017
[Notification No. 70 /2017, F.No.196/30/2013-ITA-I]
Read MoreNotification No. 69/2017
[Notification No. 69/2017/F. No. 300196/1/2016-ITA-I]
Read MoreNotification No. 68/2017
[Notification No. 68 /2017/F. No. 300196/01/2017-ITA-I]
Read MoreNotification No. 67/2017
[Notification No. 67 /2017/F. No. 300196/7/2017-ITA-I]
Read MoreNotification No. 66/2017
[Notification No. 66 /2017, F.No.300196/9/2017-ITA-I]
Read MoreNotification No. 71/2017 [F.No. 187/13/2015(ITA.I
Publish Date : Tuesday, July 25, 2017
Notification No. 72/2017 [F. No. 187/13/2015-(ITA
Publish Date : Tuesday, July 25, 2017
Notification of Ministry of Corporate Affairs under section 138 of Income Tax Act, 1961-reg.
Publish Date : Wednesday, July 26, 2017
Noida Customs Commissionerate
Noida Customs Commissionerate
Read MoreGreece announces new 5-year bond issue after 3-year market exile
In its first attempt to return to the bond market in three years as its debt crisis eases, Greece on Monday invited holders of its 4.75 percent outsta
Read MoreGlobal use of trade restrictions slows, WTO says
More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, d
Read MoreChina?s second-half GDP growth seen at around 6.7 per cent: Official think tank
China?s economy is likely to grow at an annual rate of around 6.7 percent in the second half of 2017, slowing slightly from the first half of the year
Read MoreGovernment selects 10 islands for holistic development
The government has chosen ten islands in Lakshadweep and Andaman and Nicobar for their holistic development in the first phase of work being done by n
Read MoreRoad ministry sanctions 115,435 kms of national highways
The Ministry of Road Transport and Highways informed Lok Sabha that total 115,435 kilometres of National Highways have been sanctioned in all 35 state
Read MoreEuro settles near two-year highs; outlook bullish
The euro rose to a 23-month high against the dollar on Monday as investors remained bullish after latest business growth data for July pointed to only
Read MoreInvoice uploading opens on GSTN
The GST Network (GSTN), the entity responsible for the information technology backbone of the goods and services tax (GST), opened its system on Monda
Read MoreTax base widens to 63 mn in FY17, will expand process of e-assessment: CBDT
Income taxpayer base moved up substantially to 6.26 crore at the end of the last fiscal, from nearly 4 crore earlier, CBDT Chairman Sushil Chandra sai
Read MoreChina's yuan firms on stronger fixing, but gains seen capped
China's yuan firmed against the US dollar on Monday, buoyed by a stronger central bank guidance, but traders said further gains were likely to be rest
Read MoreAlibaba, Paytm announce joint venture for online gaming
Alibaba Group on Monday announced its first formal joint venture with mobile wallet company Paytm, to set up an online gaming company.The latter would
Read MoreHDFC Bank Q1 profit rises 20%, but farm loan waivers dent asset quality
HDFC Bank Ltd on Monday reported a 20.2% rise in its net profit for the June quarter on higher interest income. Its asset quality worsened as expectat
Read MoreInfosys' $2-billion buyback tied in regulatory knots
Regulatory complexity threatens to derail the proposed $2 billion (Rs 13,000 crore) share repurchase programme of Infosys. The board of the Bengaluru
Read MoreTata Communication net profit down 22% in Q1
Tata Communications on Monday reported a 22.27 percent fall in its consolidated net profit at Rs 32.94 crore in the quarter ended June 30, as compared
Read MoreGreece Looks to Turn a Corner After Years of Economic Pain
Greece, long Europe?s economic problem child, is trying to prove that it has made progress in its recovery efforts by announcing plans to sell debt fo
Read MoreKKR's Internet Brands plans to buy WebMD in a $2.8-billion deal
WebMD has found a remedy for its volatile business: A $2.8-billion sale to El Segundo online media company Internet Brands.The Internet?s leading dest
Read MoreIMF cuts U.S. growth forecast for 2017, 2018
The International Monetary Fund has lowered its U.S. economic growth forecasts for this year and next. In itsWorld Economic Outlook update released Su
Read MoreFirming up of steel prices requires global market stability
Currently, Indian steel industry faces new sets of challenges. Thanks to the prompt trade measures undertaken by the government that the unabated flow
Read MoreGold surges to Rs 29,310, silver down on low demand
Gold rallied by Rs 160 to trade at almost three-week high of Rs 29,310 per ten gram at the bullion market today on increased buying by local jewellers
Read MoreGoldman Sachs warns global oil demand could peak as early as 2024
Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower econo
Read MoreSebi notifies rules to levy fee on participatory notes
Markets regulator Sebi has notified stricter participatory notes (P-Notes) norms stipulating a fee of USD 1,000 that will be levied on each instrument
Read MoreLife insurers post 28% APE growth in June
The life insurance industry continued to achieve positive growth in June as private insurers? annual premium equivalent (APE) grew 28% year-on-year. L
Read MoreAmbuja Cements Q2 net profit up 12 pc to Rs 718.24 cr
Ambuja Cements today reported a 11.85 per cent growth in consolidated net profit at Rs 718.24 crore for the second quarter ended June 30, 2017, on acc
Read MoreAirAsia India CEO Amar Abrol says airline to achieve breakeven by 2019
Air Asia India ? a joint venture between Tata Sons and Air Asia ? is likely to break-even or report profit by 2019 despite substantial rise in fuel an
Read MoreASK Property raises Rs 2000 cr, set to fund mid range projects in top 8 cities
ASK Property Investment Advisors, the real estate private equity (PE) arm of the ASK Group, on Monday announced an initial closure of its Rs 2,000 cro
Read MorePersistent Systems to expand business in Europe after PARX acquisition
Persistent Systems is set to expand business from Europe with the acquisition of PARX, a Zurich-based Salesforce partner which has business across Swi
Read MoreYatra acquires Air Travel Bureau; deal amount yet to be disclosed
Nasdaq-listed online travel company Yatra acquired corporate travel service provider, Air Travel Bureau (ATB), for an undisclosed amount. Announcing t
Read MoreMerger of Vodafone India and Idea Cellular gets CCI approval
The mega merger deal between Aditya Birla Group firm Idea Cellular Ltd and Vodafone India Ltd on Monday crossed a major hurdle with antitrust regulato
Read MoreFDI up 23% at $10 bn during April-May, says Nirmala Sitharaman
Foreign direct investment (FDI) grew by 23 per cent to $10.02 billion during April-May this financial year, Parliament was informed on Monday.In 2016-
Read MoreIMF maintains India?s economic growth projections at 7.2%
The International Monetary Fund (IMF) has kept India?s economic growth projections at 7.2% in FY18, which is slightly up from the last year?s projecti
Read MoreUnder Ujjwal Discom Assurance Yojana, losses of state discoms fall 22 pct to Rs 40,295 cr
Financial losses of power distribution companies (discoms) of states which have joined the Ujwal Discom Assurance Yojana (Uday) have fallen by 21.5% i
Read MoreNatural gas production up 6.05% during June
Domestic oil and gas companies produced 6.05 per cent more natural gas in June, year-on-year. This could result in lesser import of natural gas during
Read MoreBharti Infratel Q1 net profit slips 12% to Rs 664 cr
Mobile tower company Bharti Infratel today reported 12 per cent decline in consolidated net profit to Rs 664 crore for the June quarter of the current
Read MoreNRIs need not give account details if seeking no refund: CBDT
The non-resident Indians will not have to give details of their bank accounts held outside the country while filing their income tax returns, if they
Read MoreClarifications on computation of book profit for the purposes of levy of MinimumAlternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian AccountingStandards (Ind AS) compliant companies.
Publish Date : Tuesday, July 25, 2017
Notification No. 64/2017
Notification No. 64/2017 [F. No. 189/1/2017 (ITA.I)] / SO 2260(E) :
Read MoreNotification No. 63/2017
Notification No. 63/2017 [F. No. 189/1/2017-ITA.I] / SO 2259(E) :
Read MoreNotification No. 62/2017
Notification No. 62 /2017[F. No. 370142/ 20/2017-TPL] / GSR 891(E) :Income-tax (21st Amendment) Rules, 2017 !
Read MoreNotification No.RBI/2017-18/26
Master Circular ? Detection and Impounding of Counterfeit Notes
Read MoreMumbai, Kolkata, other major ports incur over Rs 53 cr loss: CAG
Some of the 12 major ports, including Mumbai and Kolkata, have lost over Rs 53.5 crore on account of under-recovery or revenue loss, government audito
Read MoreNSE IFSC to launch F&O contracts in Apple, Alibaba and others
NSE IFSC Ltd will launch single derivative contracts in 15 global stocks, including giants like Apple Inc, Facebook and Alibaba, as also trade in thre
Read MoreReliance Jio phone: Bharti Airtel, Vodafone, Idea eye unequal competition; major setback in store
The Volte 4G feature phone launch by Reliance Jio Infocomm will place the incumbents like Bharti Airtel, Vodafone, and Idea Cellular at a great disadv
Read MoreUnited Spirits Reports 44% Jump In Q1 Net Despite Sales Drop
Despite adverse external environment due to regulatory issues, the country's largest spirits maker United Spirits today reported a 44 per cent growth
Read MoreGerman private sector growth slows more than expected in July: PMI
Germany's private sector grew at a slower pace in July, a survey showed on Monday, linking the weaker activity to factory closures in the summer month
Read MoreIMF keeps global growth forecasts; China, eurozone revised higher
The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revis
Read MorePhilips profits fall 32.9% in second quarter
HE HAGUE: Dutch electronics giant Philips Monday posted a 32.9 percent fall in second quarter profits, hit mainly by the costs of spinning off its lig
Read MoreJapan manufacturing growth dips to 8-month low as export orders stall - flash PMI
Growth in Japan's manufacturing activity slowed for the second straight month in July, a preliminary private survey showed on Monday, as export demand
Read MoreEuro zone business growth slows at start of second half
A slowdown in euro zone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, cou
Read MoreTata Housing to invest ?800 cr. for expansion
Tata Housing is planning to add 8-10 projects to its portfolio in 2017-18 involving an investment of up to ?800 crore, Managing Director and CEO Broti
Read MoreDespite 21% jump in NPAs in FY17, lenders lap up edu loans
Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the di
Read MoreMarket regulator Sebi notifies rules to levy fee on participatory notes
Markets regulator Sebi has notified stricter participatory notes (P-Notes) norms stipulating a fee of USD 1,000 that will be levied on each instrument
Read MoreGST Impact: Undue profit of over Rs 1 crore to come under authority?s lens
The proposed anti-profiteering authority under the new GST regime will take up for scrutiny only those cases that have mass impact and those where und
Read MoreGST impact on taxpayers: Centre rolls out relief for small taxpayers; know what it is all about
In a big relief to small taxpayers, Centre has eased the GST compliance burden. After years long buzz, the Goods and Services Tax (GST) was rolled out
Read MoreIMF slashes US growth forecasts for 2017-2018
The International Monetary Fund (IMF) has lowered its economic growth forecasts for the US to 2.1 per cent for this year and the next, down from the 2
Read MoreTax department's demand to disclose foreign bank accounts sends NRIs, expats into tizzy
As the July 31 deadline for filing tax return nears, many non-resident Indians (NRIs), expats, as well as foreigners with investments in private equit
Read MoreIMF growth forecast keeps India at 7.2%, China at 6.7% for 2017-18
India will stay ahead of China in growth sweepstakes in 2017 as well as 2018, said the International Monetary Fund (IMF) while retaining the country?s
Read MoreIndia?s trade deficit with China marginally dips to $51 billion in 2016-2017
India?s trade deficit with China has marginally dipped to USD 51 billion in 2016-17 from USD 52.69 billion in the previous fiscal, Parliament was info
Read MoreBharatmala, others National Highway schemes require Rs 6.92 lakh crore by FY22
Development of national highways under proposed phase 1 of 'Bharatmala Pariyojna' and other schemes would require funds of Rs 6.92 lakh crore up to 20
Read MoreFDI up 23% at $10 billion during April-May: Nirmala Sitharaman
Foreign direct investment (FDI) grew by 23 per cent to USD 10.02 billion during April-May this fiscal, Parliament was informed today. In 2016-17, the
Read MoreIndia Inc's overseas investment plunges 46% to $1.12 billion
Direct investments by Indian firms abroad plunged by 46 per cent to USD 1.12 billion in June this year, according to the RBI data. They had invested U
Read MoreDespite liquor ban on highways, United Spirits June quarter profit jumps to 44%
Diageo owned United Spirits today reported a 43.6 per cent jump in its standalone net profit at Rs 62.9 crore for the quarter ended June.The company h
Read MoreChina's Diesel, Gasoline Exports Surge to Ease Domestic Glut
China?s diesel and gasoline exports surged in the first half of the year as a domestic supply glut and slowing demand growth prompted refiners to sell
Read MoreIndia to clock 7.5% growth in FY18; creating jobs big challenge: Panagariya
India is likely to clock a 7.5 per cent economic growth in the current fiscal, NITI Aayog Vice Chairman Arvind Panagariya has said, even as he acknowl
Read MoreFirst quarter results reflect pain of pre-GST de-stocking
The April-June earnings season has got off to a subdued start with businesses disrupted due to pre-GST de-stocking. A sample of 81 companies (excludin
Read MoreIMF Sees 2017 Saudi Growth ?Close to Zero? on Oil Prices, Cuts
Saudi Arabia?s economy will stall this year with growth ?close to zero? due to lower oil revenue, the International Monetary Fund said.The fund lowere
Read MoreHyundai to focus more on domestic mkt than exports
Korean carmaker Hyundai, which has lost its position as the country?s largest car exporter to Ford, will rework its growth strategy to expand volumes
Read MorePNB, BoB, Syndicate to raise Rs 7,000 crore via AT-1 bonds
Three government-owned lenders ? Bank of Baroda (BoB), Punjab National Bank (PNB) and Syndicate Bank ? are raising a total of Rs 7,000 crore through T
Read MoreITC Infotech looks to buy 'sub-$50 mn' firms to boost digital capabilities
ITC Infotech, a wholly owned subsidiary of ITC Ltd, plans to acquire smaller companies worth about $50 million (Rs 332 crore) to boost its digital tec
Read MorePEs build $4-billion war chest for bad assets
Last week, different Benches of the National Company Law Tribunal (NCLT) admitted bankruptcy proceedings against Electrosteel Steels, Alok Industries
Read MoreCentre keeps corporatisation hopes ?alive? in new port Bill
There is enough wiggle room in a new Central Bill to help facilitate port corporatisation, with workers? unions of the opinion that the ?agenda? could
Read MoreGold surges as dollar gets beaten down
Gold prices surged in the past week, breaking above a key resistance level of $1,240 per ounce and closed at $1,255 per ounce, up 2.1 per cent for the
Read MoreJapanese appetite for foreign bonds revives
As the Bank of Japan digs in its heels to maintain an ultra-loose monetary stance, yield-hungry Japanese investors are looking abroad again, having sh
Read MoreForeign investors pull out $39 billion in FY17
Foreign investors have taken back home a record $39 billion in FY17 from various investments and lending in India. But unlike in the past, it may not
Read MoreNotification No. 66 /2017 [F.No.300196/9
Publish Date : Thursday, July 20, 2017
Notification No. 67 /2017 [F. No. 300196/7
Publish Date : Thursday, July 20, 2017
Notification No. 68 /2017 [F. No. 300196/01
Publish Date : Thursday, July 20, 2017
Notification No. 69/2017 [F. No. 300196/1
Publish Date : Thursday, July 20, 2017
Notification No. 70 /2017 [F.No.196/30/2013-ITA-I
Publish Date : Thursday, July 20, 2017
MRPL Q1 net dives 67% on low crude oil price
Mangalore Refinery and Petrochemicals Ltd (MRPL) has recorded a net profit of ?234.01 crore in the first quarter of 2017-18 against a net profit of ?7
Read MoreIndian economy to grow at 7.4% in 2017, 7.6% in next year, says ADB report
India is expected to achieve the projected growth rate of 7.4 percent in 2017 and further up 7.6 percent next year on strong consumption demand, with
Read MoreBig week for Brazil IPOs leaves sweet taste for Carrefour, Biotoscana
The busiest week for initial public offerings in Brazil in four years ended on Friday on an upbeat note for issuers, as a nascent economic recovery an
Read MoreToyota eyes mass EV output in China as early as 2019 - report
Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.The mo
Read MoreHPCL may buy 2 ONGC units before merger
State-run Hindustan Petroleum Corp (HPCLBSE -0.03 %) may acquire two subsidiaries of Oil and Natural Gas Corp (ONGC) before the explorer takes over th
Read MoreBuilders will have to give 5-year warranty against structural flaws as per RERA
While RERA or Real Estate (Regulation and Amendment) Act, 2016, will slowly change the way the real estate industry operates in India, the Act has als
Read MoreGlobal Economy: That was fun; now comes the slowdown
For all the talk of world economies rising in sync, there does not seem to be an abundance of optimism about how long it will last.Tucked away in Reut
Read MoreMobiles worth Rs 90,000 cr produced in India in 2016-17: Telecom Minister Manoj Sinha tells Rajya Sabha
Mobile phones worth Rs 90,000 crore were produced in the country last fiscal, while imports of handsets stood at $3.7 billion (about Rs 24,364 crore)
Read MoreTrade facilitation pact to promote doing biz, global commerce
The trade facilitation agreement of the WTO would promote ease of doing business and global commerce as the pact aims at easing custom processes, gove
Read MoreIndia strategic as transit point for south Asia: WCO secretary
India has a strategic position as a transit point to provide connectivity in South Asia and National Trade Facilitation Action Plan would push forward
Read MoreChina Artificial Intelligence Bid Seeks $59 Billion Industry
China aims to make the artificial intelligence industry a "new, important" driver of economic expansion by 2020, according to a development plan issue
Read MoreGreece approved for $1.8 billion conditional loan from IMF
The International Monetary Fund (IMF) agreed to a new conditional bailout for Greece, ending two years of speculation on whether it would join in anot
Read MoreU.K. to Accept Free Movement Years After Brexit: Guardian
The U.K. cabinet will accept the free movement of European Union citizens for up to four years after Brexit as part of a transitional deal, the Guardi
Read MoreNorth Korea 2016 economic growth at 17-year high despite sanctions: South Korea
North Korea's economy grew at its fastest pace in 17 years in 2016, South Korea's central bank said on Friday, despite the isolated country facing int
Read MoreGE profit falls 59 percent; cash flow up in quarter
General Electric Co's profit fell nearly 60 percent in the second quarter, largely due to the sale of its appliances business, but cash flow rose, sa
Read MoreGold imports jump over 2-fold to $11.25 bn in June quarter
The country's gold imports more than doubled to USD 11.25 billion during the first quarter of this fiscal, driven by seasonal and festival demand.Gold
Read MoreUS attempt to limit Wall Street bonuses fizzles out quietly
The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting
Read MoreChina, India equity funds, local debt top H1 emerging market performance tables
Chinese and Indian equity funds sprinted away from their emerging market rivals in the first half of 2017, whilst local currency bond funds shone as t
Read MoreRs 1,200 cr worth of digital transactions carried out: Ravi Shankar Prasad informs Rajya Sabha
There were around Rs 1,200 crore worth of digital transactions every year and the number of fraudulent transactions among these was low, the governmen
Read MoreRBI announces OMO sale worth Rs 10,000 crore
The Reserve Bank of India (RBI) on Friday announced sale of government securities worth Rs 10,000 crore via open market operations (OMO). The OMO sale
Read MoreIndia's Bajaj Auto exec says alliance around the corner
India's Bajaj Auto is close to forming an alliance but the name of the other party would be announced once the formalities were completed, Chief Fina
Read MoreAshok Leyland posts 62% fall in Q1 profit
The country?s second largest commercial vehicles (CV) maker Ashok Leyland failed to meet market expectations and reported a 61.7% drop in its net prof
Read MoreVodafone India Q1 revenue falls 13.9%
Vodafone India on Friday reported a 13.9 per cent decline in its service revenue, which includes forex loss, at Rs11,624 crore (GBP 1.38 billion) for
Read MoreGovernment plans to amend norms for removal of independent directors: Arjun Ram Meghwal
The government plans to amend the regulations pertaining to independent directors under the companies law, amid concerns over the procedures followed
Read MoreGST deadline: Tax composition scheme last date extended till August 16
The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16.
Read More?77.5L traders registered under GSTN till July 18?
The Government on Friday said as many as 77.5 lakh traders are registered on GSTN and help desks have been set up in every commissionerate to facilit
Read MoreReliance Jio phone launched; feature phone priced at zero part of Mukesh Ambani bid to tap bottom of pyramid to emerge on top of telco heap
Nearly 10 months after shaking up the telecom market by launching free voice services and data at rock bottom rates, Reliance Industries chairman and
Read MoreForex reserves touch record high of $389.059 billion
The country?s foreign exchange reserves rose by $2.681 billion to touch a new life-time high of $389.059 billion in the week to July 14, helped by inc
Read MoreTelcos cost govt revenue loss of ?12,229 cr: CAG
The government has lost out on potential revenue of ?12,229 crore as six telecom companies understated revenue of about ?61,065 crore till 2015, accor
Read MoreOnida eyes Rs 1,000 cr sales in FY18
Home-grown consumer electronics brand Onida is aiming a growth of 34 per cent this fiscal, touching Rs 1,000 crore sales on the back of retail expansi
Read MoreDHFL Q1 profit grows 29% to Rs 260 cr
Mortgage lender DHFL today reported a 29 per cent rise in net profit at Rs 260 crore for the first quarter ended June on the back of lending push.The
Read MoreIn 3 years, Sikka helps buoy Infosys profit
When Vishal Sikka took over at Infosys he was prescient about automation taking away jobs and clients shifting investment dollars into newer digital t
Read MoreKotak Mahindra Bank Q1 Net Rises 23%
Kotak Mahindra Bank, India's fourth largest private sector lender by assets, posted a 23 percent jump in its first-quarter net profit, helped by highe
Read MoreIndian Bank Profit Rises 21% To Rs. 372 Crore In June Quarter
Public sector lender Indian Bank has reported 21.16 per cent rise in net profit to Rs. 372.40 crore for the first quarter ended June 30 of the 2017-18
Read MoreMicrosoft profit beats expectations on strong cloud demand
Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once
Read MoreEurope's cashed-up companies get comfy with capex
Sitting on $1 trillion in cash and emerging from years of caution, European companies are now showing the strongest year-on-year growth in capital spe
Read MoreUK government borrowing rises in June
Government borrowing increased last month after the state was forced to pay higher interest on its debt.Public sector net borrowing, excluding state-o
Read MoreA Greek debt market foray should be step to full return, government says
Greece will seek to ensure seamless market access when its bailout programme expires next year, its government spokesman said on Thursday, as speculat
Read MoreRussia's inflation fight may be lost in the mud of a vegetable plot
Attempts by Russia's central bank to bring inflation to a post-Soviet low of 4 percent this year may come down to the price of vegetables.Heavy rain a
Read MoreCanada's bond market signals inflation shortfall
Canada's bond market is signalling the Bank of Canada will not reach its 2 percent inflation target anytime soon, suggesting the central bank is unlik
Read MoreSEBI tweaks rules on foreign purchases of rupee corporate debt
India's market regulator said on Thursday foreign investors would be allowed to buy rupee-denominated corporate debt on tap until they reach 95 percen
Read MoreAadhaar, PAN linking: Filing Income tax returns turns difficult
From an Indian tax legislation perspective, July 1, 2017 should be a historic date as the revolutionary and the most-debated GST finally came into for
Read MoreGood news for pensioners! PF settlement to take place on retirement day
In a move that could end delays in settlement of provident fund money, retirement fund body Employees Provident Fund Organisation or EPFO has asked it
Read MoreRs 2600 crore incentive package for leather sector likely soon
The government is expected to announce soon a Rs 2,600 crore incentive package for the leather and footwear sector to boost exports and job creation,
Read MoreGoods bought with loyalty points will face tax under GST
Your shopping out of the accumulated loyalty or bonus points will face tax under the goods and services tax (GST) regime. GST would be levied on the t
Read MoreCoal bearing states get Rs 3,653 crores from mines allocation
Coal bearing states have received Rs 3,653 crore till June 2017 from mine allocation, Coal Minister Piyush Goyal said today.?The coal bearing state go
Read MoreTotal public debt of Goa pegged at Rs 12,433 crore: Manohar Parrikar
Goa Chief Minister Manohar Parrikar has said that the total public debt of the state is pegged at Rs 12,433 crore till March 31, 2017.Parrikar on Thur
Read MoreGovernment considering to change financial year to January-December: Arun Jaitley
Finance Minister Arun Jaitley on Friday told lawmakers that the government is considering to change the country's financial year to January-December f
Read MoreRealty records 137% increase in foreign investment in two years, says report
Indian real estate sector is witnessing a rise in investment inflow on account of the ongoing transformation in the business environment and also due
Read MoreDraghi Says Officials ?Aren?t There Yet? as ECB Keeps Stimulus
Mario Draghi said policy makers are still waiting for inflation to catch up with the economic recovery as they put off discussions on winding back sti
Read MoreFreshworks buys chatbot startup Joe Hukum in eighth acquisition
Chennai-based Freshworks, formerly known as Freshdesk, a cloud-based business software firm, has acquired Joe Hukum, a platform that helps businesses
Read MoreHindustan Zinc reports 81% rise in Q1 net profit at Rs 1,876 crore
Hindustan Zinc Limited (HZL) reported a 81% jump in net profit y-o-y to Rs 1,876 crore in the first quarter of FY18, on strong zinc prices. During the
Read MoreMasala bond issuance on hold for now, says Sebi
Markets regulator Sebi on Thursday indicated that the issuance of Masala bonds, or rupee-denominated bonds in the overseas market, has been temporaril
Read MoreIndia on track to grow at 7.4%, developing Asia to improve: ADB
Asian Development Bank (ADB) retained India?s growth projection at 7.4 per cent for FY18, even as it raised the forecast for developing Asian region t
Read MoreWipro announces Rs 11,000-cr buyback; offer biggest after TCS
Software major Wipro on Thursday announced a proposal to buy back 34.37 crore shares of the company for an amount of `11,000 crore. In June, 2016, the
Read MoreReliance Jio rights issue to raise Rs 20,000 cr even as Reliance Industries results beat estimates
In a clear signal that it is aiming further expansion which would require funds, Reliance Jio Infocomm, which is a wholly-owned subsidiary of Reliance
Read MoreRupee volatility disappears, hedging dips
The volatility in the Indian rupee has all but vanished in the past few months, which, currency dealers say, is leading to a hubris among importers an
Read MoreBrent Crude Climbs Above $50 For First Time Since Early June
Oil prices dipped on July 20 in choppy U.S. trading, as nagging worries about abundant global crude supplies dragged prices lower after an early rally
Read MoreIndia Inc vendors under I-T lens, firms asked to give payment details
The income-tax (I-T) department has asked large corporate entities, including multinational firms, to furnish details of employees off the payroll to
Read MoreFew takers for easy GST scheme
A scheme under the goods and services tax (GST) that provides easy compliance and a flat rate to small businesses has had a muted response so far.The
Read MoreRussia to sign three key pacts for Kudankulam units 5 & 6 this month
Russian companies will sign three key agreements with Nuclear Power Corporation of India Ltd for Kudankulam units 5 and 6, by the end of this month, s
Read MoreGovernment draws up checklists for GST audits
The Centre has created a detailed road map for goods and services tax (GST) audits barely 20 days after the levy?s rollout, listing risks, target indu
Read MoreGlobal Insurance buys Aon's 26% stake in JV
India's Global Insurance Services has bought Aon's entire 26 per cent share in their joint venture Aon Global Insurance Brokers, for an undisclosed am
Read MoreKPMG pips Deloitte, PwC to acquire M&A tax team of BMR Advisors
Days after Deloitte bought BMR Advisors? corporate tax team; KPMG on Thursday acquired the boutique firm?s mergers and acquisitions (M&A) and risk tea
Read MoreNotification No. 63/2017 [F. No. 189/1/2017-ITA.I
Publish Date : Wednesday, July 19, 2017
Notification No. 64/2017 [F. No. 189/1/2017 (ITA.I
Publish Date : Wednesday, July 19, 2017
Notification No.22 /2017-Central Excise (N.T.)
Notification No.22 /2017-Central Excise (N.T.)
Read MoreNotification No. 21 /2017-Central Excise
Notification No. 21 /2017-Central Excise
Read MoreCircular No.30/2017-Customs
Detailed guidelines for retesting of sample
Read MoreNotification No.72/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 21th July, 2017
Read MoreUnilever lifts margin target after first-half improvement
Unilever lifted its full-year margin target on Thursday after seeing a big improvement in the first half, underlying its ability to boost returns as a
Read MoreGlobal shares rise, euro near 14-month high ahead of ECB
World shares extended a run of record highs on Thursday, as a cautious sounding Bank of Japan lifted Asian stocks to a near decade peak and Europe wag
Read MoreIndia imported coal worth over Rs 1 lakh crore in FY'17
India, the third largest coal producer in the world, imported 190 million tonnes of the fuel worth over Rs one lakh crore in 2016-17 fiscal, Parliamen
Read MoreAustralia businesses report widespread upturn in second-quarter - survey
Australian businesses reported a marked improvement in conditions last quarter with strong sales and profits driving increased employment and boosting
Read MoreGST impact on fuel: Sale of diesel plunges 30 pct in Delhi, Haryana; know why
Three weeks after the rollout of the goods and services tax (GST) regime, sale of high speed diesel at fuel retail outlets is down by nearly 30% acros
Read MoreGerman economy to grow by around 0.6 percent in second quarter: Finance Ministry
The German economy is humming and set for solid growth despite external risks such as the unknown outcome of Brexit negotiations and U.S. President D
Read MoreStrong export demand to lift Asian economies: Asian Development Bank
Surging global demand for Asian exports and low oil prices will help China and the region?s developing economies grow faster than expected this year a
Read MoreIMF urges Mozambique to address debt audit concerns
Mozambique should take steps to address information gaps that remained regarding the use of loans granted to three state-owned companies, the Internat
Read MoreNHAI approves Delhi RRTS projects worth Rs 53,500 crore
National Highways Authority of India (NHAI) today granted in-principle approval for construction of Delhi-Panipat and Delhi-Alwar Regional Rapid Trans
Read MoreChennai Metro Rail: Big boost for Tamil Nadu infrastructure, state to take up Rs 89,000 cr phase II project
In what could be a big boost to the state?s infrastructure, the Tamil Nadu government has decided to take up phase II of the Chennai Metro Rail projec
Read MoreGrowth numbers to improve from June quarter, says Morgan Stanley report
Strong import growth in June points to continued recovery in India?s domestic demand and indicates that economic expansion will accelerate from the Ap
Read MoreIndia on track to grow at 7.4 per cent in 2017: Asian Development Bank report
India is expected to achieve the projected growth rate of 7.4 per cent in 2017 and further up 7.6 per cent next year on strong consumption demand, wit
Read MoreDalian Wanda amends Sunac property deal after China curbs funding
Chinese commercial property conglomerate Dalian Wanda Group altered a deal with Sunac China (1918.HK) announced a week ago, after banks scrutinized th
Read MoreIndia-focused offshore funds, ETFs invest $5 bn in H1
India-focused offshore funds and exchange-traded funds (ETFs) have pumped in nearly $5 billion in the first six months of the year due to the country?
Read MoreFund-raising via preferential allotment at Rs 1,835 crore in April
Indian companies raised Rs 1,835 crore in April this year by issuing shares on preferential basis, an over 53 per cent drop compared to the same month
Read MoreAverage cash balance marginally dips to 4.9%: BofA Merrill Lynch
Average cash balance has dipped to 4.9% in July so far from 5% last month, which is still above the 10-year average of 4.5%, according to BofA Merrill
Read MoreEven a Bond Rout Can't Scare Investors Away From Indonesia
As local-currency bonds in Indonesia joined the recent global debt selloff, Aberdeen Asset Management Plc and Western Asset Management Co. had a simpl
Read MoreNon-food bank credit growth at 4-month high
Growth in non-food bank credit rose to a four-month high of 7.26% year-on-year (y-o-y) during the fortnight ended July 7 from 6.71% in the previous fo
Read MoreGST on sale of used goods online: Relief for Quikr, OLX, no 1 pct levy imposed
Consumers selling their products on online portals like Quikr and OLX won?t be subjected to 1% tax collected at source under the Goods and Services ta
Read MoreProperty sales in India: Real estate companies may report fall in Q1 profit
The major real estate companies are expected to see their revenues as well as profit decline in the April-June quarter on a sequential basis, accordin
Read MoreBanks to take Rs 2.4 lakh cr haircut to resolve 50 largest NPAs: Crisil
Banks are likely to take a haircut of Rs 2.4 lakh crore, or nearly 60 per cent, to resolve 50 large stressed accounts, said a Crisil report on Wednesd
Read MoreCabinet clears HPCL stake sale to ONGC, but combo entity falls short of mega scale
State-run hydrocarbon producer ONGC will buy the government?s 51.1% stake in public-sector oil refiner-cum-marketer HPCL and make it a listed subsidia
Read MoreGST: Legal services to be taxed via reverse charge mechanism, says Delhi HC
The Delhi High Court has clarified that all legal services provided by advocates and law firms are to be governed by the reverse charge mechanism unde
Read MoreGST impact: Non-availabilty of gold brings jewellery exports to standstill
Gold jewellery exports from India have come to a grinding halt the past two weeks due to non-availability of the metal for fabrication.Trade sources s
Read MoreMcCormick to buy Reckitt's food biz for $4.2 bn
McCormick & Co agreed to acquire Reckitt Benckiser Group Plc?s food business for $4.2 billion, adding French?s mustard and Frank?s RedHot sauce to its
Read MoreCancel Hold to select Select All Euro retreats as ECB meets; earnings boost stocks
The euro retraced some recent gains as European policy makers gathered in Frankfurt before Thursday?s rate decision. The region?s equities got a lift
Read MorePledged assets can be auctioned by insolvency professionals: NCLT
A recent National Company Law Tribunal (NCLT) order has sent corporate lawyers and promoters into a tizzy. The NCLT?s Mumbai Bench has asked for the p
Read MoreTata Group mulls moving all tech operations under TCS
Tata Group, the Indian conglomerate that manages more than 100 operating companies, is weighing a plan to streamline its information technology and in
Read MoreOla facilitates loans of $850 mn to drivers
Ola Fleet Technologies, fully owned subsidiary of ANI Technologies, signed loans of up to $1.4 billion (Rs 9,500 crore) as of the end of 2016, to leas
Read MoreBajaj Finance Q1 net surges 42% to Rs 602 cr on robust growth in core biz
Bajaj Finance has posted a sharp rise in profit in the quarter ended June on an increase in net interest income (NII) and growth in assets under manag
Read MoreSebi planning to tighten depository receipt regulations
The Securities and Exchange Board of India (Sebi) is planning to clamp down on depository receipts (DRs) as part of efforts to check the flow of black
Read MoreIBM misses revenue estimates as cloud services unit falters in Q2
IBM missed estimates for quarterly revenue, with sales in a key unit declining for the second consecutive period, further extending Chief Executive Of
Read MoreJSW to set up solar project in West Bengal to meet captive needs
Sajjan Jindal?s $11 billion JSW Group plans to set up 200-250 MW land-based solar project at Salboni in West Bengal to meet captive requirements.The g
Read MoreMexican firm invests ?100 cr in Chennai plant for pumps
RuhRPumpen, a $350-million Mexican company manufacturing centrifugal and reciprocating pumps, has invested nearly ?100 crore in a new manufacturing pl
Read MoreTaxpayer base likely to reach 90 lakh, says GSTN Chairman
The taxpayer base seems to have expanded significantly under the Goods and Services Tax (GST) and the GST Network expects the total registrations for
Read MoreIncome-tax (21st Amendment) Rules, 2017
Publish Date : Tuesday, July 18, 2017
UK inflation unexpectedly slows to 2.6% in June
The UK's inflation rate dropped unexpectedly to 2.6% in June, down from 2.9% in May, official figures have shown. It is the first fall in the rate sin
Read MoreGST to benefit auto, retail, cement sectors, bad for oil and gas: Fitch
New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil and gas,
Read MoreYes Bank gets $150 mn from OPIC to fund SME lending
Private sector Yes Bank has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs an
Read MoreReckitt sells sauces business to McCormick for $4.2 billion
British consumer health giant Reckitt Benckiser has agreed to offload its sauces division to US spicemaker McCormick for $4.2 billion (3.6 billion eur
Read MoreECB to hold steady this week as traders eye a September ?taper? of its bond-buying program
The European Central Bank (ECB) is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce
Read MoreCountries need more than money to cope with shocks - global report
Sweden, the Netherlands and Germany are among the best placed wealthy countries to cope with shocks like large-scale migration due to their strong saf
Read MoreJapan business mood steady at high levels as economy recovers: Reuters Tankan
Japanese manufacturers' and service providers' business confidence held steady at high levels in July, a Reuters poll found on Wednesday, underlining
Read MoreBig Australian banks told to hold more capital, on notice over mortgages
Australia on Wednesday ordered the country's biggest banks to raise capital for the second time in two years and signalled further action to shore up
Read MoreBad loan crisis: Crackdown by banks sends borrowers scrambling to offer solutions
Indian banks are beginning to spot a welcome change in their customers? behaviour: borrowers who have seen their accounts classified as stressed or no
Read MoreOffshore India funds, ETFs invest $5 bn in first six months of 2017
India-focused offshore funds and exchange-traded funds (ETFs) have pumped in nearly $5 billion in the first six months of the year due to country?s lo
Read MoreIndia?s digital economy to be $1 trillion in 5-7 years: Ravi Shankar Prasad
Union IT Minister Ravi Shankar Prasad on Tuesday said India?s digital economy is going to be $1 trillion in the next 5-7 years from the current size o
Read MoreGST impact on taxpayers: GSTN chief Navin Kumar says 35,000 registering every day
Over two weeks into the goods and services tax (GST) regime, Navin Kumar, chairman of GSTN ? the IT backbone of the system ? speaks to Sumit Jha on ho
Read MoreTaxmen to go slow on GST enforcement for 6 months
Revenue authorities will go slow in undertaking enforcement actions under GST for the first six months as they want industry to settle down into the n
Read MoreGoldman Sachs profits flat in 2Q, but still beat forecasts
Goldman Sachs? earnings in the second quarter were flat with the same period a year ago, the investment bank reported Tuesday, largely due to poor per
Read MoreSteel manufacturing cost to rise as power out of GST: Steel Ministry tells PMO
The steel ministry has expressed concerns that cost of steel manufacturing will increase as electricity, being one of the major inputs, has been kept
Read MoreMicro-finance rebound shows rural India recovering from demonetisation
India?s vast rural hinterland, which makes up 70% of the country?s population, is showing signs of recovery from last year?s cash crunch, boosting opt
Read MoreRupee holds 1-month high of 64.33 as dollar crumbles
The rupee today saw a marginal two paise increase in its value at 64.33 a dollar, still holding its highest level in over a month against the US curre
Read MoreBanks to set aside Rs 18,000cr in FY18, expect 25% profit
Resolution of the 12 large, RBI- identified dud assets under provisions of bankruptcy code will require Rs 18,000-crore additional minimum provisionin
Read MoreUltraTech Cement to set up Rs 2,600 cr new 3.5-mt plant in Dhar
Markets leader UltraTech Cement announced a Rs 2,600-crore new integrated cement plant in Madhya Pradesh with a capacity of 3.5 million tonne per annu
Read MoreCAD to widen to 1.3% of GDP in 2017: Nomura
India?s current account deficit (CAD) is likely to widen to 1.3 per cent of GDP in 2017 from 0.6 per cent in 2016, largely owing to stronger domestic
Read MoreGST impact on companies: HUL beats the new tax regime blues, posts strong Q1 numbers
Shrugging aside GST woes, Hindustan Unilever (HUL) on Tuesday reported a smart 15% year-on-year rise in net profits before exceptional items at Rs 1,2
Read MoreForeign investments in realty rise 137% in 3 years
Foreign investments in the realty sector rose from $3.2 billion during 2011-13 to $7.6 billion during 2014-16, recording a surge of 137 per cent, said
Read MoreI-T dept seeks data of property deals worth Rs 1 crore or more
The income tax (I-T) department has asked all sub-registrars and tehsildars under its jurisdiction in Mumbai to send it details of property deals wort
Read MoreGold touches two week high, oil moves up
Gold prices hit a two-week high on Tuesday as the dollar fell on fading prospects of an imminent increase in US interest rates and expectations of str
Read MoreGujarat retains top slot of states with most investment potential
Gujarat has retained the top position in the list of 21 states and UTs with most investment potential, according to a report by economic think-tank NC
Read MoreDCB Bank cuts MCLR
Private sector DCB Bank on Tuesday said it has cut the marginal cost of fund-based lending rate (MCLR) by up to 0.57 percentage points for various ten
Read MoreMobile penetration to hit 70% by 2022
Buoyed by rising mobile adoption in the Asia-Pacific region especially in India and China, mobile penetration globally should reach 70 per cent by 202
Read MoreNubia commits $100-m investment
Chinese manufacturer nubia, which entered India last year, has earmarked $100-million investment in the country over the next few years, a top executi
Read MoreHindustan Unilever Q1 profit up 9% at Rs 1,283 cr
Despite trade adopting a cautious approach in the run-up to GST implementation, Hindustan Unilever Ltd beat market expectations to report a 9 per cent
Read MoreIndia's GDP could rise to $8 trillion over next 15 yrs, says Panagariya
India's GDP could rise to about USD 8 trillion over the next 15 years if the country registers an economic growth of 8 per cent annually and come very
Read MoreSale of construction equipment may grow 15 per cent on infrastructure push
Sales of construction equipment are expected to grow 10-15% to a record high in 2017, driven by the government?s focus on infrastructure building. Sal
Read MoreTax departments keep a close watch on prices post GST rollout
Tax departments across the country are keeping a close watch on prices following the July 1 rollout of the goods and services tax (GST). Makers of con
Read MoreModification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST)
Publish Date : Wednesday, July 19, 2017
This is the golden age to create wealth in India: NITI Aayog CEO Amitabh Kant
For all young minds who do not want to stand in queues meant for job seekers, India is creating huge opportunities to drive entrepreneurship. From uni
Read MoreIndo-Russian JV for Kamov choppers registered in India: Official
An Indo-Russian joint venture to produce the Kamov military helicopters under a USD 1 billion deal has been registered in India and efforts are on to
Read MoreHotels with room tariff less than Rs 7500 to attract 18% GST
The government has clarified that accommodation in any hotel, including 5-star hotels, having a declared tariff of a unit of accommodation of less tha
Read MoreSBI may issue perpetual bonds to raise around Rs 2,500 crore
State Bank of India (SBI), may approach the debt market to issue additional tier-1 bonds or perpetual bonds, according to sources in the bond market.?
Read MoreLondon economy suffering 'wobble' over Brexit worries - think tank
London's economy is wobbling from the early effects of Brexit judging from the capital's faltering housing market, fewer European Union citizens seeki
Read MoreAustralia's central bank sees more 'positives' in domestic, world economy
Australia's central bank has turned more upbeat on the economic outlook, citing an improving labour market, stronger public investment and a pick up
Read MoreU.S. makes lower trade deficit top priority in NAFTA talks
The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its t
Read MoreChina approves over 400 bn yuan worth of fixed asset investment projects in H1
China?s National Development and Reform Commission, the country?s top economic planner, said on Tuesday it approved 463.8 billion yuan ($68.58 billion
Read MoreCurrent Account Deficit to widen to 1.3 percent of GDP in 2017: Nomura
India?s current account deficit (CAD) is likely to widen to 1.3 per cent of GDP in 2017 from 0.6 per cent in 2016, largely owing to stronger domestic
Read MoreI-T asks tax practitioners to register entities separately
Barely a fortnight after GST was implemented, some taxpayers have reported that GST portal is mixing up their data with others, a "mishap" for which t
Read MoreInflation likely to remain subdued: Assocham
Inflation is expected to remain subdued on account of good monsoon and the inability of the industry to raise prices, Assocham today said. "Going forw
Read MoreIndian banks need at least $2.8 bln extra provisioning for bankruptcy cases: India Ratings
Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioni
Read MoreLandmark bankruptcy ruling: Loan defaulters? personal wealth can now be auctioned
An order passed by a bankruptcy court set a precedent by ruling that a promoter cannot escape the liquidation of personal assets by simply filing for
Read MoreGovernment imposes 10% customs duty on chargers and adapters
The government has imposed a 10% basic customs duty (BCD) on imported chargers and adapters, while exempting parts or raw material used for making the
Read MoreFlipkart revises Snapdeal buyout offer to $900-950 million
Online retailing major Flipkart is believed to have sent a revised offer of $900-950 million to buy smaller rival, Snapdeal, according to sources.The
Read MoreHDFC Life to launch IPO; puts merger with Max Life on hold
HDFC Life has hired Morgan Stanley and Credit Suisse to raise as much as Rs 10,000 crore in an IPO and has scrapped plans of a merger with Max Life af
Read MoreConstruction order book to get Rs 90K-cr boost by Metro growth
Growth of Metro Rail network in new cities is expected to boost the order book of construction companies by up to Rs 90,000 crore over the next three
Read MoreWebscale Networks to invest Rs.130 cr in India over next three years
Webscale Networks, an Indian talent-led US Cloud company headquartered in Silicon Valley, has allocated an investment of Rs.130 crore to the India mar
Read MoreWind industry getting into a ?distress situation?
After soaring to a record 5,400 MW of installed capacity set up in 2016-17, the Indian wind industry is heading for a sharp nosedive this year. By the
Read MoreMalaysia?s Parkway Pantai keen to acquire more hospitals in India
Hospitals in India are ripe for the picking, feels Ramesh Krishnan, Chief Executive of Parkway Pantai?s India operations, as he scouts the healthcare
Read MoreRBI pushes 'Make in India' for currency security features
In a big 'Make in India' push, the Reserve Bank today came out with fresh tender for currency security features, mandating that the supplier set up th
Read MoreDeloitte picks up BMR's tax division after 2 years of sell-off talks
Professional services firm Deloitte is set to merge the lucrative tax practice of boutique advisory firm BMR Advisors with itself. This follows intens
Read MoreLow-fee BlackRock funds reel in cash but earnings disappoint
BlackRock Inc's (BLK.N) second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of
Read MoreBritannia mulls expansion of dairy business
Food major Britannia is keen to expand its dairy business, which contributes five to six per cent to its annual turnover, as it looks to tap into the
Read MoreAs JLR touches $20 billion, Credit Suisse says list China JV
Jaguar Land Rover?s value has risen to $20 billion now from $2.3 billion in 2008, when it was bought by Tata Motors, giving the latter over 25 per cen
Read MoreMFs on record buying spree as valuations look stretched
Domestic mutual funds (MFs) have been net buyers for 26 consecutive trading sessions, one of the longest unbroken buying sprees, even as the markets t
Read MoreConsolidation of equity shares of Blue Circle Services Limited.
Trading members of the Exchange are hereby informed that Blue Circle Services Limited has fixed the Record Date for the purpose of Consolidation of th
Read MoreChina Economy Maintains Momentum in Second Quarter
China?s economy maintained its momentum in the second quarter, as factories produced more goods than expected for both domestic consumption and export
Read MoreOil prices ease on signs of steady output from some producers
Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving
Read MoreGold prices settle below Rs29,000, silver holds up firm
Gold prices on Monday got below the Rs29,000-mark by sinking Rs100 to Rs28,950 per 10 grams, dragged down by slack demand from local jewellers, even a
Read MoreChina's steel, aluminum output at record as U.S. mulls penalties
China churned out record amounts of steel and aluminum in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to
Read MoreFino Payments Bank to raise Rs 200 cr from strategic investor
Business correspondents company Fino, which launched its payments bank today, is looking to raise up to Rs 200 crore in core capital over the next few
Read MoreIDG Ventures, Jungle Ventures invest $4 million in Vayana
Pune based Vayana Network received Series A funding of $4 million from IDG Ventures and Jungle Ventures. This follows an earlier round of investment i
Read MoreACC Q2 net up 32.5 pc to Rs 326.23 cr; sales rise 18 pc
Cement maker ACC Ltd today reported a 32.57 per cent rise in its consolidated net profit at Rs 326.23 crore for the April-June quarter, driven by an i
Read MoreMega-West-Coast refinery JV SPV may become operational in August
The special purpose vehicle for the Rs 2 lakh crore Mega-West-Coast refinery on the Ratnagiri coast of Maharashtra is expected to be up and operative
Read MoreKKR acquires 49% stake in Radiant Life Care for $200 million
Global alternative investment management firm KKR & Co. Lp has acquired a 49% stake in hospital chain Radiant Life Care Pvt. Ltd for $200 million, KKR
Read MoreGold monetisation scheme: FinMin clears auction policy to deploy stock deposited by people that were lying idle
Gold stocks worth over Rs 2,000 crore, held with banks under the monetisation scheme, could soon be sold to jewellers, as the finance ministry has app
Read MoreNifty closes above 9,900 for first time, Sensex hits fresh lifetime high
For the fifth time in last six sessions, the domestic equity market on Monday hit fresh lifetime highs, with the NSE Nifty50 closing above the 9,900 m
Read MoreGST Council raises cess on cigarettes
The Goods and Services Tax (GST) Council on Monday decided to increase the cess on cigarettes to offset a reduced tax revenue from the product followi
Read MoreSBI Life Insurance files for IPO to raise Rs 7,000 crore
SBI Life Insurance, a joint venture (JV) between the State Bank of India (SBI) and BNP Paribas Cardif, filed its draft red herring prospectus with the
Read MoreCircular No.29/2017-Customs
Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52/2003-Customs dated 31-3-2003
Read MoreNotification No.71/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 67 /2017 Customs
Seeks to further amend notification no. 25/2005-customs dated 01.03.2005.
Read MoreNotification No.RBI/2017-18/25
Auction of Government of India Dated Securities
Read MoreNotification No. 61/2017
[Notification No. 61 /2017/F. No. 149/136/2014-TPL]
Read MoreAir India Express Plans Expansion Of Fleet
Air India Express is preparing a 10-year vision document as it looks at expanding its fleet and flying to more foreign destinations, a senior airline
Read MoreIndia's SBI Life files for IPO; seen raising more than $1 billion
India's SBI Life Insurance Co Ltd, a unit of State Bank of India (SBI.NS), on Monday filed for an initial public offering of shares that bankers have
Read MoreChina's steel, aluminium output at record as U.S. mulls penalties
China churned out record amounts of steel and aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to
Read MoreOil edges above $49 on U.S. drilling slowdown
Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will
Read MoreDigital payment: Only 7% rise in transactions through credit, debit cards post Demonetistion
Transactions through debit and credit cards rose by merely seven per cent post demonetisation, as against a surge of over 23 per cent in overall digit
Read MoreIncome tax filing: Claim benefit on interest payment on second house loan of up to Rs 2 lakh
For a second house, will I get tax benefit on the interest I am paying for the bank loan?? Sagar Guntupalli Tax benefit on repayment of interest on ho
Read MoreNew IRDAI rules: Here is how policyholders are set to gain from new norms
In order to ensure that the interests of policyholders are protected, Insurance Regulatory and Development Authority of India (Irdai) has come out wit
Read MoreSingapore June y/y exports growth surpasses expectation, courtesy continued growth in electronics shipments
Singapore?s non-oil domestic exports grew faster-than-expected in June from a year earlier, thanks to continued growth in electronics shipments as wel
Read MoreUS House passes a USD 621.5 billion bill to advance defence cooperation with India
The US House of Representatives has passed a USD 621.5 billion defence expenditure bill that proposes to advance defence cooperation with India.An ame
Read MoreIBBI notifies rules for bankruptcy probe
The Insolvency and Bankruptcy Board of India (IBBI) has powers to start probe against service providers registered with it without intimating them, ac
Read MoreSolid waste management projects get blanket exemption from taking prior green clearance
In a major fillip to Swachh Bharat Mission, the environment ministry has given a blanket exemption to all solid waste management projects from taking
Read MoreInfrastructure upgrade for Pune: City has planned a Rs 75000 cr revamp
The stasis that Pune has witnessed on the infrastructure front since the Mumbai-Pune Expressway was made operational in 2002 may be coming to an end,
Read MoreGovernment plans to consolidate 21 public sector banks to 12
The government is working on a consolidation agenda in a bid to create 3-4 global-sized banks and reduce the number of state-owned lenders to about 12
Read MoreGSTN portal to be ready for invoice uploading from July 24
Businesses can start uploading their sale and purchase invoices generated post-July 1 on the GSTN portal from July 24, a top company official said tod
Read MoreIntel chips in with Xeon to take on competitors
With an eye on new markets including 5G telcom networks, Artificial Intelligence (AI), drones, driverless cars and even hi-tech farming and analytics
Read MoreCreador acquires 22 per cent stake in Paras Healthcare for Rs 275 crore
Malaysian private equity firm Creador has acquired a minority stake in Paras Healthcare through affiliate Commelina for Rs 275 crore, officials from b
Read MoreGTL-CNIL combined debt falls to Rs.4,193 crore
GTL Infrastructure Ltd, which had plans to emerge debt free in the next 4 years, has reduced its combined debt to Rs.4,193 crore, following the implem
Read More1997 Asian financial crisis still has five things to teach the world
Twenty years ago, I was working at the International Monetary Fund in Washington that would scramble -like almost everyone else -to understand and res
Read MoreGold snaps out of a losing trend
After falling more than 3 per cent over two weeks, gold prices managed to reverse higher last week. The yellow metal bounced back to close 1.3 per cen
Read MoreSmall and medium firms grapple with big issues
A fortnight into the goods and services tax (GST), small and medium dealers and manufacturers are grappling with issues of the new indirect taxation s
Read MoreChina central bank to play bigger role managing financial risk
China's central bank will take on a beefed up role managing systemic risk in the country's financial markets, state broadcaster China Central Televisi
Read MoreMahindra group to pump in $1 billion in US over next 5 years
Diversified Mahindra group plans to invest USD 1 billion across business verticals in the US over the next five years as it aims to double revenues fr
Read MoreHero MotoCorp set to be new profit leader after 10 quarters
Hero MotoCorp, the country?s biggest two-wheeler maker, looks well placed to emerge as the leader in profit after a gap of 10 quarters. Consequently,
Read MoreNet hiring down for TCS, Infosys: IT industry stares at jobless growth
India?s IT services industry is staring at jobless growth because its top employers are focusing on automation to improve productivity and deliver ser
Read MoreBroader market valuation at all-time high of 30.5x
Asteady rise in market capitalisation in the past three years, coupled with stagnant corporate earnings, has pushed up the valuation of the broader ma
Read MoreDollar Bears' Case Grows Stronger as Wagers on Fed Hikes Fade
The dollar?s deepening slide is making a winner of hedge funds and other speculators who are the most bearish in four years.The greenback sank to a 10
Read MoreHPCL to invest Rs61,000 crore by 2021 on expansion projects
State-owned Hindustan Petroleum Corp. Ltd (HPCL) will invest Rs61,000 crore over the next four years in expanding and upgrading its existing refining
Read MoreFPIs buy big time into Indian bonds to tune of $16 bn, but shun state government loans
While Foreign Portfolio Investors (FPIs) have bought record amounts of Indian bonds this year ? close to $16 billion ? they are studiously staying awa
Read MoreJan Dhan deposits touched to a new high of Rs64, 564 crore
Deposits in Jan Dhan accounts have touched a new high of Rs 64,564 crore, of which over Rs 300 crore came in the first seven months of demonetisation,
Read MoreStocks rising but economy sluggish
Even as stock prices climb to new highs, data show that the economy is not gaining momentum on the ground. At 32,000, the Sensex now trades at 18.5 ti
Read MoreJSW Steel turnaround tale: Sajjan Jindal now more ambitious than ever; here is why
Six years back Sajjan Jindal was in a bind. Although JSW Steel had edged past Tata Steel to become the country?s second biggest steel producer, his jo
Read MoreJapan's June exports seen extending solid gains, BOJ set to hold fire
Japan's exports are expected to have risen for a seventh straight month in June, a Reuters poll showed on Friday, indicating that a recent revival in
Read MoreHaryana govt to notify RERA next week
Having put an interim authority ahead of the central act, the Haryana government will notify the Haryana Real Estate (Regulation and Development) Act,
Read MoreTrade deficit narrows to $13 billion in June
India?s trade deficit narrowed in June after swelling to a 30-month high in May even as exports grew slowly in the month. Exports grew 4.39%, a four-m
Read MoreHC shield from GST penalty for lawyers and law firms
The Delhi High Court has directed the Centre not to take any coercive steps against lawyers and law firms for not registering or comp lying with the C
Read MoreChinese group bids US$11.6 bn for warehouse firm
A Chinese consortium on Friday offered more than US$11 billion for Singapore's Global Logistic Properties, which provides warehouses for the likes of
Read MoreChina June fiscal spending growth quickens to 19.1%
China?s fiscal spending jumped 19.1% in June from a year earlier, quickening sharply from a 9.2% rise in May and signalling government efforts to cush
Read MoreJune exports rise for tenth straight month
Export growth slowed in June to 4.39 per cent against 8 per cent in the previous month, even as the country managed to see 10 straight months of rise
Read MoreVedanta to raise volumes across businesses by 50% over 2-3 years
Anil Agarwal-led Vedanta Ltd plans to increase its volumes by 50 per cent across all businesses over the next two-three years as part of the capital e
Read MoreUS giants buy Indian start-ups for talent
US technology giants such as Google, Facebook, Twitter, and Apple are looking at acquiring Indian start-ups to cream off the high-quality talent avail
Read MoreGeneral insurers begin FY18 on strong note
The gross written premium (GWP) collection of the general insurance industry grew to ?33,303 crore in the first quarter, up 22 per cent from Rs.27,310
Read MoreBig jump in transactions on digital channels, says Canara Bank MD
Canara Bank has witnessed accelerated adoption of digital payment channels by customers at all levels post-demonetisation.?All digital channels of the
Read MoreGovt can use ?recapitalisation bonds? to support PSBs
The government can consider issuing recapitalisation bonds if the requirement for fund infusion into State-owned banks rises more than the Rs.10,000 c
Read MoreSME lending: YES Bank ties up with US-based OPIC, Wells Fargo
YES Bank has teamed up with the Overseas Private Investment Corporation (OPIC) and Wells Fargo on an agreement to lend up to $150 million to small and
Read MoreDyson Technology set to breeze into India
Last November, when he visited India as part of UK Prime Minister Theresa May?s delegation, British billionaire inventor James Dyson had promised to s
Read MoreM&M to form JV in Brazil to reap success in S America
In a bid to get greater access to the South American market, Mahindra & Mahindra will form a joint venture with a local player in Brazil for its tract
Read MoreBritain Concedes It Will Have to Pay EU Exit Bill
Britain has for the first time explicitly acknowledged it has financial obligations to the EU after Brexit, a move that is likely to avert a full-scal
Read MoreEuro zone trade booms in May, EU-Russia commerce surges
Euro zone's trade boomed in May with both exports and imports of goods to the rest of the world growing markedly, in a new sign that global commerce w
Read MoreJPMorgan posts higher profit; shares dip on net interest income view
JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates, but said
Read MoreWeak U.S. inflation, retail sales data dim rate hike prospects
U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand tha
Read MoreChinese buyout group wins $11.6 billion bid to buy Global Logistic Properties
A leading Chinese private equity consortium backed by senior executives from Global Logistic Properties (GLP) (GLPL.SI) won a bid to acquire GLP for S
Read MoreCheaper options knock Gulf's share of Indian June oil imports to 19-month low
India's reliance on Middle East oil imports shrunk in June to the smallest since October 2015 as the world's third-biggest importer tapped other sourc
Read MoreGold slips below Rs 29,000 mark, silver lets go of Rs 600
Gold slipped through the cracks as prices today dropped below the Rs 29,000-mark by plunging Rs 190 to Rs 28,860 per 10 grams, in line with a weak tre
Read MoreSebi amends debenture trustee regulations
Markets regulator Sebi has put in place new regulations for debenture trustees, wherein an entity will not be prohibited from acting as a trustee if t
Read MoreLife insurers' June premium up 13% at Rs 14,466 crore
The new business premium of life insurance companies rose 13 per cent to Rs 14,466.13 crore in June, shows data from sector regulator Irdai. New premi
Read MoreForex kitty dips $161.9 million to $386.377 billion
The country's forex reserves declined marginally by $161.9 million to $386.377 billion in the week to July 7 due to a fall in foreign currency assets,
Read MoreIndias services exports flat at $13.5bn in May, imports up 4%
Indias services exports in May this year remained nearly flat at USD 13.46 billion compared to the same month of last year, data from Reserve Bank sho
Read MoreWholesale inflation in June at 0.9 pct; marks lowest since July 2016
The Wholesale Price Index (WPI) numbers on Friday softened to 0.90 percent during June, marking the lowest in 11 months.Driven by plunging food prices
Read MoreCentre eyes allowing NBFCs, FIs to take deposits; may benefit Muthoot Finance, Manappuram Finance
After banks, the government is considering allowing non-banking financial companies and (NBFCs) some other financial institutions to take gold deposit
Read MoreGovt considers further relaxations in FDI policy: PM Modi
PM Modi, FDI norms, FDI policies, FDI Prime Minister Narendra Modi on Friday chaired a meeting to review the foreign direct investment (FDI) regime in
Read MoreVishal Sikka gets big boost as Infosys beats expectations in its Q1 results
The country?s second-largest software services exporter, Infosys on Friday beat estimates by registering a 3.3% sequential dip in its net profit to Rs
Read MoreTaxpayers have to opt for GST composition scheme by July 21
Small businesses with turnover of up to Rs 75 lakh have time till July 21 to opt for composition scheme under the Goods and Services Tax regime, GST N
Read MoreUse Global Innovation Index to measure country?s development: Gopalakrishnan
Countries like India should use their standing on the Global Innovation Index as a measure of development in the future, instead of using GDP as the s
Read MoreSeafood exporters in troubled waters as new tax regime kicks in
Margins of seafood exporters are likely to take a hit as the sale of duty credit scrips will now attract a hefty 12 per cent goods and services tax (G
Read MorePoultry prices to soften by 20% in six weeks on lower festival demand
Poultry prices are likely to decline by 20 per cent over the next six weeks due to expectations of weak consumer demand during the ongoing festival se
Read MoreUber hands over Russia biz to Yandex with $3.7-bn merger
The San Francisco-based company and Yandex NV are merging their ride-hailing businesses in Russia. Uber will invest $225 million and take a 36.6 per c
Read MoreUpbeat US data lift dollar, send world shares to fresh peak
Oil prices gained as evidence of stronger demand in China offset reports of higher production by key Opec exporters in a report by the International E
Read MoreUK takes step towards Brexit with Repeal bill
Britain published legislation Thursday to sever political, financial and legal ties with the European Union, an important step towards Brexit but one
Read MoreChina's economic stakes in India are no worry for Beijing
The current standoff between India and China over a border dispute in the Sikkim region has given rise to speculation over how the latter would respon
Read MoreCar makers drive towards one nation, one price of vehicles
Following the goods and services tax (GST) regime, car makers have started moving towards an all-India price of vehicles. This will bring an end to th
Read MoreSale of old gold jewellery will not attract GST on exchange
The sale of old gold by individuals for a consideration won?t attract the goods and services tax, the finance ministry clarified, providing respite to
Read MoreDirectorate set up under CBEC for data analytics and nabbing evaders
The government has set up a new wing under the indirect taxes body to provide intelligence inputs and carry out big data analytics for taxmen for bett
Read MoreGovernment bets big on tech to ensure e-way bill does not bring back inspector raj
The proposed e-way bill for moving goods within the country would rely heavily on technology, employing RFID chips and QR codes, to ensure that monito
Read MoreGSTIN not necessary if exempt goods imported or exported
Importers and exporters of goods, that are exempted from GST, do not need to obtain a GST registration number and can clear their consignments by quot
Read More5.5 lakh under I-T lens for deposits after note ban
Over 5.5 lakh people who deposited cash during the demonetisation drive are set to get a call from the income tax department while another one lakh pe
Read MoreModi to review FDI policy on Friday; focus on retail, construction norms
Prime Minister Narendra Modi will review the foreign direct investment (FDI) policy tomorrow with a view to removing bottlenecks to overseas inflows,
Read MoreNRIs? foreign bank accounts under income tax lens
For decades, many Indians have escaped tax and legitimised their money stashed abroad by staying 182 days out of the country every year and declaring
Read MoreAs Yogi Adityanath looks for cheaper power, Uttar Pradesh exiting all costly PPAs
In a bid to cut power purchase costs as per the ?power for all? agreement signed by the state government in April this year, the Uttar Pradesh Power C
Read MoreFind out potential taxpayers; focus on smaller cities: CBDT to taxmen
With almost 91 lakh new taxpayers brought in the tax net last fiscal, the CBDT has asked the Income Tax Department to increasingly identify those who
Read MoreGoogle spared $1.3 bn tax bill with victory in French Court
Google won its fight against a 1.12 billion-euro ($1.3 billion) French tax bill after a court rejected claims the search-engine giant abused loopholes
Read MoreToshiba Resumes Talks Over Contentious Sale of Microchip Unit
Toshiba, the struggling Japanese technology conglomerate, has been locked for months in a complex dance over the sale of its $18 billion microchip bu
Read MoreUS weekly jobless claims total 247,000 vs 245,000 estimate
The number of Americans filing for unemployment benefits fell last week for the first time in a month, the latest indication of labor market strength
Read MoreChina's Outbound Investment Slumps 46% as Company Spree Curbed
China?s outbound investment slumped in the first half of the year as policy makers imposed curbs on companies? foreign acquisitions following a record
Read MoreBrexit begins as UK publishes bill to repeal EU law
The UK government published a repeal bill on Thursday, beginning the formal process of Britain?s divorce from the European Union, a year after Britons
Read MoreOPEC compliance with production cuts at lowest in six months, IEA
Global oil supply rose in June as compliance with an OPEC-led deal to freeze production showed signs that it was stalling, the International Energy Ag
Read MoreDomestic steel prices to be driven by import parity
Indian steel stocks have remained buoyant due to recent spurt in regional prices and with our investor interactions post our note ?India Steels: Curb
Read MoreMutual funds AUM slips 40 bps in June to Rs 18.96 trillion on high redemption
Mutual funds? assets under management has declined by 0.40 per cent to Rs 18.96 trillion in June from Rs 19.04 trillion in May, as investors pulled ou
Read MoreBigbasket-Amazon talks stuck over valuation
Online grocery firm Bigbasket?s talks with multinational e-commerce giant Amazon has come to a halt, with disputes over its valuation and differences
Read MoreAdani Ports in fray for buying stake in Dredging Corporation
Adani Ports, ace investor Rakesh Jhunjhunwala?s Dharti Dredging and Construction, Mercator and a few other domestic dredging players are in the race t
Read MoreSBI tells Gujarat HC: Essar Steel ready for NCLT proceedings
The State Bank of India (SBI) told the Gujarat High Court (HC) on Thursday that the top officials of Essar Steel were present in the meeting with the
Read MoreJSW Energy to raise up to Rs 12,500 crore in FY18
Sajjan Jindal-led JSW Energy plans to raise up to Rs 12,500 crore via debt and equity during the financial year 2017-18 for acquisition of power asset
Read MoreWith jobs data hurting policy, Niti Aayog panel wants new surveys
Recognising that lack of timely and periodic jobs data hurting policy-making in India, a task force headed by Niti Aayog vice-chairman Arvind Panagari
Read MoreFinance Ministry to decide on NK Singh panel report
The finance ministry will soon decide on the NK Singh panel?s recommendations on fiscal management, a senior official said on Thursday. The government
Read MoreNo GST on housing society RWA with Rs 5K/mth subscription
Services provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime, the finan
Read MoreJSW Steel chief Sajjan Jindal says could tweak offer for near bankrupt Monnet Ispat
Sajjan Jindal, chairman and managing director, JSW Group, said on Thursday that JSW Steel might tweak its offer for the near-bankrupt Monnet Ispat. Ji
Read MoreTCS first quarter net profit falls 10% to Rs 5,945 crore; fails to meet expectations
Tata Consultancy Services posted disappointing financial results on Thursday with its fiscal first-quarter net profit dropping 10% on-quarter to Rs 5,
Read MoreCircular No.28/2017-Customs
Revised rates of Rebate of State Levies on Export of Garments and textilemade-up articles w.e.f. 01.07.2017- regarding
Read MoreCircular No.27/2017-Customs
Disposal of seized/confiscated cigarettes of foreign origin vis-?-vis provisions of the Cigarettes and other Tobacco products (Packaging and Labelling
Read MoreCircular No.26/2017-Customs
F. No. 450/08/2015-Cus.IV
Read MoreCircular No.25/2017-Customs
Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017-Implementation thereof-reg.
Read MoreCircular No.24/2017-Customs
Duty Drawback for supplies made by DTA units to Special Economic Zones in the GST scenario
Read MoreCircular No.23/2017-Customs
Fixation of Brand Rate of drawback under Rule 6 and Rule 7 of the Customs, Central Excise Duties & Service Tax Drawback Rules, 1995 in the GST scenari
Read MoreCircular No.22/2017-Customs
Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes
Read MoreCircular No.21/2017-Customs
Drawback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962
Read MoreNotification No.35/2017-Customs (ADD)
Seeks to Impose provisional anti-dumping duty on imports of 'O-Acid" originating in exported from China PR Mahipal Singh
Read MoreNotification No.RBI/2017-18/24
Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks
Read MoreNotification No.RBI/2017-18/23
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Revision in funding limits, Audio-visual content and provision of hand he
Read MoreNotification No.RBI/2017-18/22
Interest rates for Small Savings Schemes
Read MoreNotification No.RBI/2017-18/21
Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises ? documents to be relied upon
Read MoreNotification No.RBI/2017-18/20
Audit Committee of the Board of Directors ? Nomination of Non-Executive Chairman
Read MoreIncome-tax (20th Amendment) Rules, 2017
Publish Date : Wednesday, July 12, 2017
Gold tops Rs 29,000, up Rs 160 on firm global cues
Gold regained the Rs 29,000-mark by rising Rs 160 to Rs 29,050 per 10 grams at the bullion market largely in tandem with a firm global trend and persi
Read MorePaytm acquires majority stake in Insider.in
Paytm has acquired a majority stake in ticketing platform Insider.in, for events and properties, including NH7 Weekender, EDC and The Grub Fest, for a
Read MoreYoga guru Ramdev forays into Rs 40,000 crore private security market
Looking beyond his FMCG (fast-moving consumer goods) and Ayurvedic products business, yoga guru Ramdev is readying to flex his muscles in the Rs 40,00
Read MoreSBI reduces NEFT, RTGS charges by up to 75%
After lowering the Immediate Payment Service (IMPS) charges, the State Bank of India (SBI) on Thursday reduced charges for National Electronic Funds T
Read MoreRelax! Penalty for filing income tax return after due date is only applicable from FY 2017-18
The government has introduced a maximum fee amount of Rs. 10,000 for delayed filing of income tax return by individuals in the last budget presented i
Read MorePost-crisis, US banks have recovered while their European peers are still looking for ways to survive
Global investors seem to be getting bullish on banks Stateside, but the European banking system is still falling behind.Plagued by a number of factors
Read MoreChina June exports, imports higher than expected as global demand holds strong
China reported better-than-expected trade figures for the month of June as a recovery in global demand spurred exports.In June, exports from the world
Read MoreOversight of Greek spending to be lifted
The EU imposed disciplinary measures against Greece when its deficit ballooned after the financial crisis.Years of austerity have seen the country rep
Read MoreGovernment asks Amazon to keep food business and marketplace separate
The government has asked Amazon to keep its food-only retailing business at an arm?s length from its existing flagship marketplace business, where for
Read MoreFlipkart could offer $900-950 million for Snapdeal
E-commerce major Flipkart is expected to make a revised offer of $900-950 million for buying rival Snapdeal, according to sources. The new offer almos
Read MoreFirst collection numbers show GST off to a smooth start
The first set of numbers after the rollout of the goods and services tax should calm any jitters about its prospects. Integrated goods and services ta
Read MoreVodafone-Idea merger: Sebi looks at open offer possibility
The Securities and Exchange Board of India (Sebi) is examining whether the proposed merger between Vodafone India and the Kumar Mangalam Birla-owned I
Read MoreSebi expresses concern over high derivatives-to-cash turnover
The Securities and Exchange Board of India (Sebi) has expressed concern over high equity derivatives turnover vis-?-vis cash turnover.For every one ru
Read MoreChina's CITIC Agri Fund buys Dow corn seed assets for $1.1 billion
A Chinese fund part-owned by congolomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co's corn seed business in Brazil, in a further si
Read MoreSelling old jewellery to attract 3% GST: Adhia
Selling of old jewellery or bullion will attract a 3 per cent GST on the value realised, Revenue Secretary Hasmukh Adhia said today.But, if the jewell
Read MoreM&A deals jump over twofold to $35.8 billion in H1
India Inc?s merger and acquisition (M&A) transactions more than doubled in value terms to $35.84 billion, during the first half of 2017, says a report
Read MoreMRF R&D spend up by 250%; to develop low rolling resistance tyres
With more competition from both domestic and international players, tyre major MRF raised its spending on research and development (R&D) by a little o
Read MoreGST clouds over FMCG may get darker in September quarter
The prospect of a tougher September quarter looms large for fast-moving consumer goods (FMCGs) companies as the full impact of the transition to the g
Read MoreWith 11 lakh addition, MF folios hit all-time high
Riding on the bullish trend, the mutual fund industry has added 11 lakh folios in June taking the total folio count of the industry to an all-time hig
Read MoreBond yields dip, call rate up
Government bonds (G-Secs) gained on good buying support from banks and corporates. The 6.79 per cent G-Sec maturing in 2029 rose to ?100.29 from ?100.
Read MoreFirms will now have to replace independent directors in 90 days
Companies will henceforth have to replace independent directors who resign or are removed from the Board within 90 days, against the earlier 180 days.
Read MoreMicrosoft Creates New AI Lab to Take on Google's DeepMind
Microsoft Corp. is setting up a new research lab focused on artificial intelligence with the goal of creating more general-purpose learning systems. T
Read MoreJanet Yellen Says Low Inflation Still Major Source of Uncertainty
Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising
Read MoreOPEC sees lower demand for its oil in 2018, points to surplus
OPEC said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more, pointing
Read MoreAndhra Bank plans to raise up to Rs 1,000 cr via QIP
State-owned lender Andhra Bank is planning to raise Rs. 800-1,000 crore through a qualified institutional placement (QIP) in the next five months to f
Read MoreBank of Baroda to raise up to Rs 3,000 cr via Basel III bonds
Public lender Bank of Baroda is set to raise up to Rs.3,000 crore through Basel III compliant bonds.?The finance committee of our bank approved today
Read MoreBig thumbs up for Narendra Modi government, FPI inflows at highest ever at $15.9 bn
Foreign portfolio investors (FPIs) have poured a record $15.86 billion into Indian debt so far this calendar year, according to data available till Ju
Read MoreWalmart to invest Rs900 crore to open 15 outlets in Maharashtra
American retail chain Walmart will invest Rs900 crore to open 15 outlets catering to wholesalers in Maharashtra, the state government said on Wednesda
Read MoreEssar Power explores cheaper coal import options
Even as Essar Power seeks tariff hike to revive its 1200 MW imported coal-based power plant at Salaya in Gujarat after the apex court denied compensat
Read MoreGoogle Acquires Newborn Bengaluru-Based AI Startup Halli Labs
Google has acquired Halli Labs, a Bengaluru-based company that started its journey barely four months ago. The startup focuses on solutions based on a
Read MoreNarendra Modi government plans big infrastructure push in Northeast, to spend Rs 2 lakh cr on roads, says Nitin Gadkari
Determined to boost the highway connectivity in the largely neglected north-east region, the Narendra Modi-led government hopes to spend a total of Rs
Read MoreInflation eases for 3rd month in row; IIP grows just 1.7 pct in May, slowest since July 2015
Retail inflation eased for a third straight month to touch a fresh low of 1.54% in June, lower than the central bank?s forecast of 2-3.5% for the firs
Read MoreJune retail inflation at record low; falls to 1.54%
India?s retail inflation hit a record low of 1.54 percent in June, lowest since 1999, raising hopes of an interest rate cut, with the Finance Ministry
Read MoreFuel demand inches up 0.4 per cent in June
India?s fuel demand growth slowed to just 0.4 per cent in June as consumption of industrial fuel dipped, government data showed. Fuel consumption in J
Read MoreAdani Power slump sale of 4,600 MW Mundra plant in Gujarat deferred
The Board of Approval (BoA) for Special Economic Zone in the commerce ministry has deferred Adani Power?s slump sale of 4,600 MW Mundra plant in Gujar
Read MoreGodrej to pass new tax regime benefit, reduce price of locks
Godrej has decided to reduce the price of its locks as tax burden gets eased by five to seven per cent post Goods and Services Tax (GST). ?With GST mo
Read MoreL&T, PTC unveil Industry 4.0 Centre of Excellence in India
In a bid to boost Industrial Internet of Things (IoT) in the country, Larsen and Toubro subsidiary L&T Technology Services Limited (LTTS) and US-based
Read MoreMicrosoft aims to provide Internet via unused TV bandwidth
To take Internet services to rural America, Microsoft is reportedly planning to harness the unused channels or bandwidth between television broadcasts
Read MoreWipro Shuts Down Lighting Manufacturing Unit At Mysuru
Wipro Consumer Care and Lighting said it has shut down its lighting manufacturing unit at Mysuru due to a sharp decline in the demand for CFL products
Read MoreThailand approves $5.5 bn bullet train project with China
China has received the first overseas order to export its bullet train technology as Thailand approved a USD 5.5 billion high-speed railway project ai
Read MoreBank of Canada seen raising rates, first to follow the Fed higher
The Bank of Canada is widely expected to raise interest rates on Wednesday for the first time in nearly seven years, following the Federal Reserve in
Read MoreHAL signs MoU with government; aims at Rs 17,900 cr revenue for 2017-18
HAL has targetted the highest ever revenue from its operations at Rs 17,900 crore for 2017-18 under a Memorandum of Understanding (MoU) with Ministry
Read MoreAs GST kicks in, concerns about core inflation rise
Indians have started paying more for items ranging from movie tickets to cholesterol tests, thanks to the new goods and services tax, and that raises
Read MoreI wouldn't rule out another financial crisis, says IMF?s Lagarde
The International Monetary Fund's Managing Director, Christine Lagarde, has said that she would not rule out another financial crisis in her lifetime,
Read MoreChina's battle against debt to slow second-quarter GDP growth to 6.8 percent
China's economic growth is expected to have cooled to 6.8 percent in the second quarter as Beijing tightens the screws on financial risks, a Reuters p
Read More$8 billion debt, money-losing operation: Here is why acquiring Air India may be good for buyers
Indian Prime Minister Narendra Modi?s cabinet has signed off on a plan to sell all or part of Air India Ltd., a debt-ridden, state-run carrier with th
Read MoreAmazon's new strategy for India: Prime Day deals and food
The online retail giant brought its annual blockbuster deal bonanza to three countries, including India, for the first time on Tuesday.It's the compan
Read MoreTalwalkars to expand into SE Asia with Snap Fitness
Fitness chain Talwalkars Better Value Fitness has announced plans to foray into South-East Asian countries through a tie-up with Snap Fitness Inc., on
Read MoreLiberty buys Tata?s pipe mills in U.K.
Liberty House, the industrial group owned by Sanjeev Gupta, is to acquire two British pipe mills owned by Tata Steel, the second deal to be reached by
Read MoreGovernment says no GST on free food served at religious institutions
The government on Tuesday clarified that all free food supplied at religious institutions is exempt from the Goods and Services Tax (GST).?There are m
Read MoreIndia to become largest milk producer in 2026, says UN and OECD report
India, projected to be the most populous country over the next decade, will be the world?s largest milk producer by 2026 and will account for the bigg
Read MoreThe $68 billion reason why China may start adding cash again
An onslaught of maturing funds may see China?s central bank reaching for the fire hose. Liquidity has been flush in Asia?s largest economy ? the resul
Read MoreFiscal deficits of states: Farm loan waivers could add just 20 bps to combined total
The concerns about rising fiscal deficit of states, more so in the wake of farm loan waivers announced by some, may have been a tad exaggerated as the
Read MoreRupee strengthening to hurt exporters by up to 3 per cent in Q1: Crisil
Largest ratings agency CrisilBSE -0.08 % today warned the 4 per cent appreciation in the rupee will impact the June quarter sales of exporters by up t
Read MoreOil near US$44 as Saudi Arabia?s output increase raises doubts
Oil futures were little changed in New York, trading near US$44 a barrel following a report that Saudi Arabia exceeded its agreed-upon output limits l
Read MoreBond prices mixed, call rate down
Government bonds (G-Secs) ended mixed owing to uneven demand-supply transactions. The 6.79 per cent G-Sec maturing in 2029 declined to Rs.100.14 from
Read MoreIndia?s banks to raise $23 b of loss-absorbing capital by end-2018: Fitch
Fitch Ratings on Tuesday said it expects Indian banks to issue new loss-absorbing capital and debt instruments aggregating $23 billion by end-2018.Ove
Read MoreIntel chipping in with strategy to catch the AI wave
The computers in modern data centres ? the engine rooms of the digital economy ? are powered mainly by Intel chips. They animate the computing clouds
Read MoreIndia's June gold imports spike as buyers tried to beat GST
India's gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers a
Read MoreGoldman Analysis Has Yen Topping Swiss Franc as Safest of Havens
When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group Inc. economist
Read MoreFPI inflows into equities touch $8.25 bn in 2017
Foreign portfolio investors (FPI) have pumped in $8.25 billion into the Indian equity markets since the start of the year. This is way above inflows s
Read MoreMaruti Suzuki stays No 1 UV automaker in April-June quarter courtesy Brezza
Maruti Suzuki, the numero uno car maker in the country, which emerged as the number one utility vehicle player in April on the back of its newly launc
Read MoreIndia inflation to cool in June to record-low, could prompt rate cut
India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed
Read MoreI-T fast-tracks disposal of high value litigations
With Rs 7.3 lakh crore locked in litigations, the tax department has set December 31 as the deadline for deciding all appeals involving demands of Rs
Read MoreRecord highs of flagship indices ?cluster? together
Following a month?s gap, the NSE Nifty hit an all-time high again on Monday, closing at 9,771.05 points. Likewise, the BSE Sensex hit a record by clos
Read MoreYogi govt's UP budget keeps fiscal deficit below 3%: Highlights
The much-awaited first Budget of the Yogi Adityanath government in Uttar Pradesh(UP) has managed to keep the fiscal deficit below 3 per cent of the st
Read MoreSiemens, AES team up for $2.5-bn battery joint venture
Siemens AG and AES Corp, the Virginia-based independent power producer, are forming a venture to focus on technology that?s revolutionis. The new vent
Read MoreIndia Inc's buyback party: A Rs 25,000-crore splurge in first half of 2017
In a record buyback of shares, promoters of listed companies have repurchased equity worth over Rs 25,000 crore in the first half of 2017.It is a five
Read MoreNotification No. 50 /2017 Customs
seeks to supersede notification No. 12/2012- Customs dated 17.03.2012 and prescribes effective rates of customs duty and IGST for goods imported into
Read MoreNotification No. 49 /2017 Customs
Seeks to exempt SAD on goods in Fourth schedule to central excise act
Read MoreNotification No. 48 /2017 Customs
Seeks to grant exemption to re-import of catering cabin equipments, etc. by Indian Airlines
Read MoreNotification No. 47 /2017 Customs
Seeks to grant exemption to re-import of goods in Fourth schedule exported under duty drawback, rebate of duty or under bond
Read MoreNotification No. 46 /2017 Customs
Seeks to grant exemption to re-import of goods exported under duty drawback, rebate of duty or under bond on or before the 30th June 2017
Read MoreNotification No. 45 /2017 Customs
Seeks to grant exemption to re-import of goods exported under duty drawback, rebate of duty or under bond on or after the 1st July 2017
Read MoreNotification No. 44 /2017 Customs
Seeks to amend specified exemption notifications relating to re-import of personal private property, articles supplied free under warranty, free gifts
Read MoreNotification No. 43 /2017 Customs
Seeks to amend Specified exemption notifications relating to re-import, bilateral/ multilateral agreements, imports by defence, security, sportsperson
Read MoreNotification No. 42 /2017 Customs
Seeks to amend notification Nos. 102/2007 dated the 14th September, 2007, 4/99 dated the 8th January 1999, 172/1994 dated the 30th September 1994.
Read MoreNotification No. 41 /2017 Customs
Seeks to grant exemption to Challenge cups, trophies and medals and prizes etc. won by Indian players
Read MoreNotification No. 40 /2017 Customs
Seeks to grant exemption to imports from Bhutan and Nepal from Basic Customs dated 30th June 2017 Duty
Read MoreNotification No. 39 /2017 Customs
Seeks to amend notification No. 3/57 ? Customs dated 30th June 2017 dated 8th January 1957 so as to provide exemption to imports by Diplomats, trade R
Read MoreNotification No. 38 /2017 Customs
Seeks to grant exemption to re-import of engines and parts of aircraft
Read MoreNotification No. 37 /2017 Customs
Seeks to grant exemption to imports relating to Defence and internal security forces
Read MoreNotification No. 36 /2017 Customs
Seeks to grant exemption to imports by Vice-President
Read MoreNotification No. 35 /2017 Customs
Seeks to grant exemption to Aviation Turbine Fuel in tanks of aircrafts by Indian Airlines, United Arab Airlines and Indian Air Force.
Read MoreNotification No. 34 /2017 Customs
Seeks to grant exemption to Tags and labels, or printed bags of foreign origin imported for repairs and return
Read MoreNotification No. 33 /2017-Customs
Seeks to grant exemption to re-import of challenge cup and trophies, won by Defence units
Read MoreNotification No. 32 /2017-Customs
Seeks to grant exemption to works of Art and books, being antiques of an age exceeding one hundred years
Read MoreNotification No. 31 /2017-Customs
Seeks to grant exemption to re-import of unclaimed postal articles
Read MoreNotification No. 30 /2017-Customs
Seeks to grant exemption to motion pictures, music, gaming software
Read MoreNotification No. 29 /2017-Customs
Seeks to grant exemption to specimen, models, wall pictures and diagrams received as gifts
Read MoreNotification No. 28 /2017-Customs
Seeks to rescinds the notification No. 151/1982 - Customs dated 30th June 2017, dated the 14th May 1982
Read MoreNotification No. 27 /2017-Customs
Seeks to rescind the Notification No. 171/1993 - Customs dated 30th June 2017, dated the 16th September 1993
Read MoreRBI/2017-18/19
Auction of Government of India Dated Securities
Read MoreRBI/2017-18/18
Sovereign Gold Bonds, 2017-18 ? Series II - Operational Guidelines
Read MoreRBI/2017-18/17
Sovereign Gold Bonds 2017-18 ? Series II
Read MoreAsia?s financial crisis still has five things to teach us now
Twenty years ago, I was working at the International Monetary Fund (IMF) in Washington that would scramble?like almost everyone else?to understand and
Read MoreChinese June inflation year-over-year data matches expectations: CPI up 1.5%, PPI up 5.5%
inflation data for June came in line with expectations on a year-over-year basis when they were released on Monday. Those figures are closely watched
Read MoreFed's John Williams still sees rate hike, asset unwinding this year
A top US central banker on Tuesday said he still expected one more rise in interest rates from the Federal Reserve this year and for it to start unwin
Read MoreGST impact on companies: Gloom and doom vanishes, India Inc at ease
Contrary to gloomy predictions, the roll-out of the goods and services tax (GST) has been a much smoother affair and the industry has adapted to it wi
Read MoreIndia inflation to cool in June to record-low, could prompt rate cut: Reuters poll
India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed
Read MoreAdequate power available to meet consumer demand, says Government
The government today said that there is adequate power available in the country to meet the demand of consumers. ?Adequate power is available in the c
Read MoreGST will reduce inflation by one to two per cent by year end, says Revenue Secretary Hasmukh Adhia
The Goods and Services Tax (GST) will help bring down the inflation by one to two per cent by the end of this year, Revenue Secretary Hasmukh Adhia ha
Read MoreCommercial rental income beyond Rs 20 lakh to attract GST, says Hasmukh Adhia
Rental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purpo
Read MoreGold loses sheen, silver plunges below Rs 36,000
Falling for the tenth straight day, gold prices cracked below the Rs 28,000-mark by losing another Rs 390 per 10 grams at the bullion market on the ba
Read MoreGSTIN display on sign boards must for businesses
Traders and businesses will have to display the GST registration number on their business sign boards and the registration certificate in premises. Al
Read MoreReputed exporters can give LUTs for IGST exemption
Clearing the air with regard to exemption from payment of integrated GST by exporters, the finance ministry has said that big exporters with good trac
Read MoreGifts worth up to Rs 50,000 by employer exempt under GST: Govt
The government today clarified that gifts worth up to Rs 50,000 by an employer to its employees as also free membership of clubs, health and fitness c
Read MoreFY18 earnings to decide trajectory of equities
Starting this week, India Inc would again gear up for its busy quarterly earnings period. The question is if corporate India would match investor expe
Read MoreFPI, mutual fund investments soar to Rs 97,000 cr in first half of 2017
Foreign portfolio investors (FPIs) and domestic mutual funds' investments in the equity market surged more than three-fold at Rs 97,705 crore during t
Read MoreWanda Group to sell China tourism projects, hotels to Sunac for $9.3 bn
Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back i
Read MoreJ&K's debt increases to Rs 55,358 cr at end-FY16: CAG
Jammu and Kashmir's total debt rose to Rs 55,358 crore at the end of 2015-16 which was a little over 60 per cent of its GDP and close to 5 times of it
Read MoreEmami Infra to merge Zandu Realty with self to unlock value, fund projects
Emami Group, the diversified conglomerate based from this city, has decided to consolidate its realty arm into a single listed entity, to unlock value
Read MorePatanjali takes cue from FMCG players, pivots away from branded franchise outlets
A few years ago, Baba Ramdev?s Patanjali Ayurved had disrupted the market with its natural-herbal proposition, forcing major fast-moving consumer good
Read MorePassenger vehicle sales decline 11% in June
Domestic automobile sales saw a muted growth of one per cent in June as the passenger vehicle (cars, utility vehicles and vans) segment declined more
Read MoreGMR Goa International Airports raises Rs 1330 crore loan from Axis Bank
GMR Goa International Airports Limited (GGIAL), subsdiary of GMR Airports has today, successfully executed a debt facility arrangement for the develop
Read MoreAmazon gets govt nod for $500-million FDI in food business
In a move that is expected to attract top dollar, the government on Monday allowed Seattle-headquartered online giant Amazon to open fully-owned brick
Read MoreAirtel to invest Rs 2,000 crore under ?Project Next?
Bharti Airtel on Monday launched ?Project Next? programme aimed at transforming customer experience across all its services and touch points.The count
Read MoreTechnical glitch halts trading at NSE ahead of IPO
A technical glitch at the National Stock Exchange (NSE), the country?s biggest stock exchange, held up trade for three hours on Monday in the cash and
Read MoreBuyout firm Apollo to buy golf course operator ClubCorp for $1.1 billion
Private equity firm Apollo Global Management LLC (APO.N) said on Sunday it had agreed to acquire ClubCorp Holdings Inc (MYCC.N), one of the largest ow
Read MoreChina?s COSCO to buy Orient Overseas for $6.3 billion
Shares in both China?s state-owned shipping company COSCO and Orient Overseas (International) Ltd surged Monday after COSCO agreed to buy its smaller
Read MoreElliott proposes $18.5 billion Oncor deal to top Buffett
Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaw
Read MoreMutual funds see Rs 16,600-cr outflow in June
Investors pulled out nearly Rs 16,600 crore from various mutual fund schemes in June, making it the second consecutive monthly outflow, primarily due
Read MoreBanks revenue may grow 10% in Q1
Banks? earnings in the first quarter of 2017-18 are likely to remain broadly unchanged from the previous quarter as they continue to provide for bad l
Read MoreConsolidated credit growth eases to 9.4%
Outstanding credit ? loans, bonds and commercial paper ? grew 9.4% year-on-year (y-o-y) between June 30, 2016 and June 2017. In the corresponding peri
Read MoreTCS, Infosys, Wipro, others to report subdued Q1 numbers; EBIT margins may compress due to wages, visa costs, rising rupee
The $150 billion Indian IT industry is expected to have a sedate start this fiscal, with the first quarter results of top tier companies like TCS, Inf
Read MoreBank of India revises MCLR
Bank of India has cut its one-month marginal cost of funds-based lending rates by five basis points, effective Monday, according to data available on
Read MoreApple to invest $900mn in Danish data plant
Apple on Monday said it would invest nine billion Danish kroner ($920 million, 810 million euros) in a data centre in Denmark, its second in the count
Read MoreAlarm bells jangle over Rs 6-lakh cr frozen in tax appeals
Revenue locked in appeals with Income Tax Commissioners across India rose in fiscal year 2016-17 to Rs 6.11 lakh crore: that?s only marginally less th
Read MoreGreenko to raise $1 billion via Asia's largest green bond
Less than a year after its last offering, India's leading clean energy company, Greenko, is raising up to $1.1billion via an offshore dollar issue ? t
Read MoreOperation Clean Money(OCM), Income Tax Department
Operation Clean Money(OCM), Income Tax Department
Read MoreCentral Excise and Service Tax Commissionerate, Nellore
Central Excise & Service Tax Commissionerate, Nellore
Read MoreApple to build second renewables-powered data centre in Denmark
Apple Inc said Monday it will spend 6 billion Danish crowns ($921 million) on a new data centre in Denmark, its second in the Nordic country to run en
Read MoreIndian Oil to import US crude for first time, delivery in October
India, the world?s third-largest oil importer, has sealed a first deal to import crude oil from the US and the shipment is expected to touch Indian sh
Read MoreIDFC-Shriram Group agree to merge: 5 interesting facts to note
Domestic infrastructure lender IDFC Ltd, which entered into banking in late 2015, and the Piramal Group-backed financial services major Shriram Group
Read MoreNotification No. 60/2017
Notification No. 60/2017 [F. No. 370142/10/2017?TPL] / GSR 841(E) Corrigendum
Read MoreNotification No. 59/2017
Notification 59/2017 [F. No. 370 142/8/2017-TPL] / GSR 826(E) : Income-tax (19th Amendment) Rules, 2017
Read MoreNotification No. 58/2017
Notification No. 58/2017 [F. No. 370142/10/2017-TPL] / GSR 821(E) Income ?tax (18th Amendment) Rules, 2017
Read MoreGST basics: 7 misconceptions cleared
The rumour mills have gone on an overdrive mode since the launch of GST. Here?s a reality check by ET Wealth for both GST supporters and its detractor
Read MoreNotification No. 57/2017
Notification No. 57 /2017, F.No.370142/10/2017-TPL]/ SO 2065(E)
Read MoreChina's June factory price inflation subdued on modest raw materials recovery
China's producer price inflation was unchanged in June and remained well off highs seen earlier this year, amid lingering oversupply issues in the ste
Read MoreNotification No. 56/2017
Notification No. 56/2017 [F.No. 370142/40/2016-TPL] / GSR 642(E)Income-tax (17th Amendment) Rules, 2017
Read MoreBig UK firms curtail investment plans, consumer slowdown deepens - surveys
The chances of Britain's economy picking up steam diminished further on Monday as surveys showed major companies have curtailed their investment plans
Read MoreG20 needs to build digital economy friendly: Xi Jinping
Chinese President Xi Jinping proposed here that the Group of 20 (G20) members should build a digital economy that is friendly to growth and employment
Read MoreNotification No. 55/2017
Notification No. 55/2017 [F. No. 370142/16/2017-TPL] / GSR 631(E) Corrigendum
Read MoreEquity mutual fund inflows jump 3-fold to Rs 28,000 crore in April-June
Equity mutual funds have seen an inflow of over Rs 28,000 crore in April-June 2017, a surge of nearly three-times from the year-ago level, underpinned
Read MoreFinancials-MFIs: Normalcy is being restored
We interacted with several MFIs, both private and public, to get an update of the situation on the ground. There is a visible improvement in most stre
Read MorePower transmission projects: Bid value plunges from Rs 21,200 cr to Rs 9,800 cr
Despite the policy support to private-sector investments in power transmission, the projects awarded under the competitive bidding route, which are av
Read MoreRailways proposes investment worth Rs 1.3 lakh cr this year; Suresh Prabhu says investment doubled since 2014
Union Railway Minister Suresh Prabhu in an interview on July 9 said that the money spent on Railways has increased as compared to the investment made
Read MoreGST impact: Dismantling of check posts save 24-36 hours of trucking time
The Goods and Services Tax (GST) is saving fleet owners between 24-36 trucking hours, besides around Rs 7,500 per trip at the tax check posts which ha
Read MoreMRP, other details must for items sold online from next year: Government
To protect online consumers, the government has made it mandatory for e-commerce companies from January 2018 to print not only the MRP on goods but al
Read MoreONGC Videsh gets 1-year extension for exploring Vietnamese oil block
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has received one-year extension to explore a Vietnamese oil block in the contest
Read MoreGST casts shadow on earnings in June quarter
The June quarter earnings season is unlikely to be exciting, with earnings for several companies hurt ahead of the roll-out of the goods and services
Read MoreIndiGo's global ambition hinges on execution
The stock of InterGlobe Aviation, which operates India?s largest airline under the IndiGo brand, gained one per cent after the promoters outlined thei
Read MoreA week of GST: Bumpy ride due to late info overload
More than lack of awareness, information overload after the roll-out of the goods and services tax (GST) is making the transition to the new indirect
Read MoreEuronext Can Spend Up to $2.3 Billion on Acquisitions, CEO Says
Euronext NV can invest as much as 2 billion euros ($2.3b) on acquisitions as the pan-European stock exchange seeks to double its size and diversify it
Read MoreReduce subsidies to open up trade: IMF chief Christine Lagarde
Warning against complacency in the current phase of global economic recovery, IMF chief Christine Lagarde has asked the members of G20 group, to step
Read MoreEPFO's new enrolment scheme works, 10 million members added in three months
The government?s idea of including the number of Employees Provident Fund Organisation (EPFO) subscribers to calculate formal jobs is likely to swell
Read MoreLenders to tap global investors for Bhushan Steel, Essar Steel
The lenders to Bhushan Steel and Essar Steel, both candidates for action under the insolvency and bankruptcy code (IBC), are also trying to involve gl
Read MorePEs don't buy into realty gloom story; investments hit 5-year high
While residential launches and sales have fallen in the first half of this year, it has not deterred private equity (PE) funds from pouring money into
Read MoreGSK Pharma to invest Rs 1,000 crore in Karnataka plant
Global healthcare company Glaxo Smith line Pharma ceuticals BSE 1.39 % Ltd is investing Rs 1,000 crore in a new state-of-the-art pharmaceutical unit i
Read MoreTatas to inject Rs 12,000 crore more in telecom arm
The Tata group?s holding company, Tata Sons, has decided to infuse Rs 12,000 crore more into its telecom arm in the current financial year, so that it
Read MoreGST impact: Industry to contribute $280 b by 2026, says study
Industry is estimated to contribute $280 billion to India?s gross domestic product by 2026 as a positive fall-out of the Goods and Services Tax, says
Read MoreBSE facilitates purchase of SGBs in physical form
With the new tranche of sovereign gold bond (SGB) scheme to open on Monday, top bourse BSE will offer purchase of the bullion units in physical form,
Read MoreCBEC relaxes norms on bonds under GST to help exports take off
In a significant relief for exporters who have been facing difficulties under the new tax regime, the Finance Ministry has now relaxed rules for Goods
Read MoreIndia to join global forex panel
India will soon get a seat on the Global Foreign Exchange Committee, a newly-constituted forum of central bankers and experts working towards promotio
Read MorePressure mounts on gold
Bullion prices continue to remain under pressure. Gold prices fell for the second consecutive week while silver is down for the fifth consecutive week
Read MoreONGC-HPCL deal: Govt to opt for holding company concept
The government is likely to adopt the holding company mechanism as it moves ahead with its proposal to dilute its 51.11 per cent stake in Hindustan Pe
Read MoreP-Note unwinding to weigh on equity market
SEBI has virtually shut the doors on Participatory Note investments in India. The move could put severe pressure on the stock market as equity derivat
Read More$10-b MCap Club Gets Bigger
From the trough in the immediate aftermath of the 2008 collapse of Lehman Brothers to the post-election crest in early March 2015, Indian markets have
Read MoreCancel Hold to select Select All IT Cos may Report Muted Growth
IT firms are expected to report a muted growth in the first quarter hurt by wage hikes, visa fees, stronger rupee and slower pace of large deal closur
Read More71 pending FDI proposals put on fast track; decision likely in 8 to 10 weeks
As many as 71 pending foreign investment proposals, including those of Amazon, Grofers, Urban Ladder, One97 (which runs Paytm) and Jasper Infotech (Sn
Read More122 countries adopt global treaty banning nuclear weapons
A global treaty banning nuclear weapons was adopted at the United Nations on Friday despite opposition from nuclear powers Britain, France and the Uni
Read MoreBritish economy grows gloomier as slowdown broadens
A raft of disappointing British economic figures Friday reinforced concerns that the slowdown has broadened across sectors and extended into the secon
Read MoreFed sees steady economy, only 'moderate' financial vulnerabilities
The U.S. economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs o
Read MoreInvestments by VCs fall 25%
Venture Capital investments slid to 78 deals worth $275 million during April-June this year, the lowest in any quarter for such investments in the las
Read MoreCentre eases pre-merger filing norms
In a move that is likely to boost mergers and acquisitions (M&A) in the country, the Centre has done away with the thirty-day time period to submit be
Read MoreGovt. to spend 29.7 cr. to raise IPR awareness
To make India a global leader in innovation and Intellectual Property (IP), the Centre is estimated to spend ?29.7 crore ($4.6 million) on a three-yea
Read MoreHighway building pace speeds to 25 km a day in Q1; NHAI, MoRTH monitoring to ensure last year?s performance beaten
The pace of building highways has accelerated to 25 km a day in the first quarter of the current fiscal, as against 22.3 km per day in the entire 2016
Read MorePune Metro Line 3: Centre to provide 20 pct viability gap funding to Rs 7,500 cr project
The central government has agreed in principle to provide 20% viability gap funding for the Rs 7,500 crore metro rail line project being executed by t
Read MoreGST: Indians travelling overseas may need to pay more for foreign currency notes
Indians travelling overseas may need to pay more for foreign currency notes they buy at home before leaving if the customs department has its way and
Read MoreIIFCL reduces base rate to 8.95%
India Infrastructure Finance Company Limited (IIFCL) has reduced its base rate by 35 basis points to 8.95 per cent with effect from July 7.Prior to t
Read MoreHDFC Bank keeps MCLR unchanged
HDFC Bank has left its marginal cost of fundsbased lending rates unchanged for July, data on the lender?s website showed. The lending rates, effective
Read MoreBond yields dip, call rate steady
Government bonds (G-Secs) recovered on fresh buying support from banks and corporates. The 6.79 per cent G-Sec maturing in 2029 rose to 99.64 from 99.
Read MoreItalian packaging firm Guala Closures to acquire Axiom Propack
Italian packaging firm Guala Closures has signed a definitive agreement to acquire Karnataka-based Axiom Propack.The deal is slated to close within th
Read MoreIndian IT sector to reach $350 b by 2025; products to drive growth
The Indian IT-BPM industry is expected to reach $350 billion by 2025, and products will be a growth driver for the industry, Nasscom President R Chand
Read MoreCircular No. 1057/06/2017-CX
Classification of Printed Workbooks, Exercise books etc. under erstwhile CETA 1985-reg
Read MoreXiaomi's India revenue risen by 328% in first half of 2017
Xiaomi?s India revenue has risen by 328 per cent on year in the first half of the year, underlining the Chinese smartphone maker?s rising graph in a m
Read MoreNotification No.70/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 7th July, 2017
Read MoreNotification No.69/2017 Customs (N.T.)
Notification for further amendment in CBEC Tariff Value Notification No. 62/2017-Customs (N.T.) dated 30.06.2017
Read MoreNotification No.68/2017 Customs (N.T.)
Customs(Import of Goods at concessional Rate of Duty) Rules, 2017
Read MoreEquity funds attract Rs 8,200-crore inflows
Strong inflows into equity mutual funds (MFs) continued in June, despite worry that stock prices might fall due to difficulties in implementation of t
Read MoreNotification No.67/2017 Customs (N.T.)
Courier Imports and Exports(Electronic Declaration and Processing)(Amendment) Regulations, 2017
Read MoreNotification No.66/2017 Customs (N.T.)
Related to the Courier Imports and Exports(Clearance)(Amendment) Regulations
Read MoreRBL Bank to raise Rs 1,680 cr from institutional investors
RBL Bank on Friday got approval from its board to raise Rs 1,680 crore as equity, by issuing 32.6 million shares on a preferential basis to institutio
Read MoreIndia Inc's investment growth hits 25-year low
Fresh investments by the corporate sector hit a new low in fiscal year (FY) 2016-17. The combined capital expenditure (capex) by the country?s top 1,0
Read MoreNotification No.65/2017 Customs (N.T.)
Bill of entry(Forms)(Amendment) Regulations, 2017
Read MoreNotification No.64/2017 Customs (N.T.)
Further amendment to Principal Notification No. 12/97-Cus (N.T.)
Read MoreNotification No.63/2017 Customs (N.T.)
Amendment to notification No.93/2016-Customs(NT) dated 1st July, 2016
Read MoreNotification No.62/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg
Read MoreU.S. job growth accelerates in June, wages continue to lag
U.S. job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federa
Read MoreBuffett bets big on power infrastructure with $9 billion Oncor deal
Warren Buffett's Berkshire Hathaway Inc said on Friday it would pay $9 billion to pick up the parent of Texas power transmission company Oncor Electri
Read MoreSamsung tips record 2Q profit as memory prices surge
Samsung Electronics on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst est
Read MoreSteel output in June quarter grows 4.3% to 24.73 mt
India?s crude steel production grew 4.3 per cent to 24.73 million tonne (mt) during first quarter of the ongoing financial year.The crude steel produc
Read MoreGold prices jump Rs220, silver weakens further
After a four-day falling streak, gold prices surged by Rs220 to Rs29,150 per ten gram at the bullion market today on fresh round of buying by local je
Read MoreSebi to act on non-compliant firms on defunct bourses
The Securities and Exchange Board of India (Sebi) has decided to initiate action against non-compliant ?exclusively listed companies (ELCs) on Dissemi
Read MoreRBI mulls public credit registry to improve credit culture
The Reserve Bank is looking at setting up a high level task force to prepare a roadmap for public credit registry (PCR) to help control loan defaults,
Read MoreForex reserves jump $4 billion to new high of $387 billion
Foreign exchange reserves jumped by a massive $4.01 billion to touch a record high of $386.54 billion as on June 30, compared with $382.53 billion in
Read MoreUber India gets Rs 52 cr fund investment from US based cab aggregator; aggressive rates set to continue
San Francisco based cab aggregator, Uber Technology has pumped in Rs 52 crore (about $7.9 million) into its India business unit. The development comes
Read MoreMercedes Benz India reports record sales for January-March quarter
German luxury car maker Mercedes Benz today reported its best ever quarterly sales in India at 3,650 units, albeit just a marginal increase from the y
Read MoreGlobal operations to contribute 50% to farm equipment business by FY19: Mahindra
With a strong market share of over 40% in the farm equipment segment in India for several years now, Mahindra & Mahindra (M&M) has continued to remain
Read MoreHero Moto plans Rs 2,500 crore capex for next two fiscals
Hero Motocorp has planned a capital expenditure of around Rs 2,500 crore for the next two fiscals up to FY 2018-19 , chairman, managing dircetor and C
Read MoreDigital Gold sales by Paytm hits 100 kg mark worth Rs 30 cr; no lock-in period proves popular
Alibaba backed mobile wallet firm Paytm, which entered wealth management with the launch of Digital Gold in April this year, claims to have sold over
Read MoreIndia, US trade links set to be strengthened as focus shifts to deliverables
India and the US are working on a set of ?deliverables? ? including greater market access and smoother trade in agriculture ? that can be implemented
Read MoreTokio Marine raises stake in IFFCO-Tokio JV to 49%
Japanese major Tokio Marine has hiked its stake in non-life insurance venture IFFCO-Tokio to 49% by acquiring additional shares in the company for Rs2
Read MoreJ&K finally joins GST from tonight, Assembly passes bill
Jammu and Kashmir, the only state to miss the GST rollout bus on July 1, will join the new tax regime from tonight as the state Assembly passed a bill
Read MoreMaharashtra RERA chairman says July 31 deadline not to be extended
The Maharashtra Real Estate Regulatory Authority (MahaRERA) will not extend the deadline of July 31 for developers to register projects under the Real
Read MoreSamsung Electronics tips record Q2 profit as memory prices surge
Tech giant Samsung Electronics Co Ltd on Friday estimated a record quarterly operating profit for April-June, propelled by a memory chip boom that ana
Read MoreLG Electronics says Q2 profit likely rose 14 percent year-on-year
South Korea's LG Electronics Inc said on Friday its second-quarter operating profit likely rose 14 percent from a year earlier but fell short of marke
Read MoreRBI allows NBFCs to offer new pension scheme
The Reserve Bank of India has allowed systematically important non banking finance companies to sell and market the new pension scheme (NPS). NBFCs wi
Read MoreEquity MFs invest $4.6 billion, twice more than FIIs in Q1
The market rally is increasingly being propelled by desi money . Equity mutual funds (MFs) have started the financial year (2017-18) with a big bang,
Read MoreGST: Penalty, including jail, for manufacturers for not reprinting revised MRP on unsold goods
Manufacturers will face penalty, including jail, for not printing revised price on unsold and new products under a new GST rule. The Centre on Friday
Read MoreFed's Fischer - U.S. government should boost 'dismal' productivity growth
Federal Reserve Board Vice Chair Stanley Fischer on Thursday called on U.S. government policymakers to do more to boost business investment, spur inno
Read MoreStrong rise in German industrial output signals solid Q2 growth
German industrial production rose more than expected in May, data showed on Friday, boosting expectations that factories will support growth in Europe
Read MoreUK economic data weakens, casting doubt on BoE rate hike talk
Output by British factories unexpectedly fell in May, suggesting the economy has struggled to gain much momentum after a slow start to 2017 and raisin
Read MoreInflation elusive, but central bankers getting twitchy
A significant pickup in inflation still remains tantalizingly out of reach in most developed economies -- aside from asset prices -- yet several centr
Read MoreGST impact on rates: Maharashtra, Tamil Nadu tweak taxes, hurt spirit of new regime
In the first week after the roll-out of the goods and services tax (GST), Maharashtra and Tamil Nadu have tweaked local taxes other than those needed
Read MoreBRICS' New Development Bank has 23 projects in pipeline, including 6 in India: K V Kamath
The BRICS' New Development Bank has 23 new projects amounting to $six billion in the pipeline for financing, including six ventures in India valued at
Read MoreDemonetisation effect: Advance tax given by individuals in June quarter rises more than 40%
People are rushing to pay tax in much bigger numbers than before with the tax authorities having turned up the heat on evaders after demonetisation. A
Read MoreRBI makes card, online payments safer; customer liability cut
Electronic payments have become safer for consumers with the Reserve Bank of India (RBI) introducing the concept of 'zero liability' and 'limited liab
Read MoreSymantec to buy Israeli cybersecurity firm Fireglass
Symantec Corp (SYMC.O) is acquiring Israeli cybersecurity startup Fireglass, the company said on Thursday, in a small deal designed to boost its produ
Read MoreUS trade deficit fell in May as exports hit 2-year high
The U.S. trade deficit narrowed in May, and the politically sensitive trade gap with China also slid.The Commerce Department said Thursday that the U.
Read MoreMFs' asset base from smaller cities up 47% at Rs 3.41 lakh cr
Contribution of smaller towns - beyond top-15 cities (B15) in industry parlance - to mutual funds' asset base surged 47 per cent to Rs 3.41 lakh crore
Read MoreSurge in German Bond Yields Triggers Fresh Rout in Global Debt
The drop in global government bonds gathered pace Thursday, spilling over to equities, as German yields climbed to their highest level in 18 months in
Read MoreGrofers eyes monthly GMV run rate of Rs 100 cr, to bring 40,000 merchants under B2B
Online grocery firm Grofers, which has remodeled itself by switching to inventory from hyperlocal and launched B2B operations for additional revenue,
Read MoreBhushan Steel's net loss widens to Rs 1,130 cr
Crisis-ridden Bhushan Steel has reported a net loss of Rs 1,130.65 crore in the fourth quarter ended March 31, 2017, much larger than Rs 756.76 crore
Read MoreLPG gas connection: Oil marketing companies plan to raise bottling capacity as Pradhan Mantri Ujjwala Yojana raises demand
State-run oil marketing companies (OMCs) are expected to have an additional capacity of 1,242 metric tonnes per annum (TMTPA) in their LPG bottling pl
Read MoreGST registration: Hasmukh Adhia says multiple registrations under one PAN allowed
The goods and services tax (GST) regime allows only one registration against a permanent account number (PAN), but firms with multiple business vertic
Read MoreGovt to launch next gold bond tranche on July 10
The government on Thursday said it will launch the next tranche of sovereign gold bonds on July 10 ? the second time in this fiscal ? offering a 2.5 p
Read MoreDirect tax revenues up 15 per cent in Q1
The government on Thursday said the net direct tax collection for the April-June period grew by 14.8% over the corresponding period last year to Rs 1.
Read MoreIndia to to grow at 6.9% this fiscal
The Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 per cent in this financ
Read MoreGovernment exempts SEZs from integrated GST
Providing relief to SEZs, the government has exempted goods imported by units or developers of special economic zones from integrated goods and servic
Read More$4.3-bn pacts inked at India-Israel CEOs forum, says Ficci
As many as 12 strategic pacts envisaging investments worth $4.3 billion were signed between Indian and Israeli companies at the first meeting of CEO f
Read MoreCustomers should report fraud in 3 days to avoid losses: RBI
In a major step to protect customers from large financial losses on account of frauds, Reserve Bank of India has capped the customer liability at Rs 2
Read MoreGST refund: Govt to make provisions for reimbursement in excise-free zones
The Union government has moved a proposal to make a budgetary provision for refunding its share of area-based exemptions on indirect taxes given to ce
Read MoreMauritius gives stability to tax deal with India
Mauritius has not included India in its global tax treaty, removing uncertainties in the minds of taxpayers over provisions of the double taxation avo
Read MorePrivate equity firms cash in on equity boom
Private equity (PE) investors have sold shares worth over Rs 12,700 crore on the stock exchanges in January-June by way of secondary transactions as t
Read MoreRBI/2017-18/3
Master Circular ? Facility for Exchange of Notes and Coins
Read MoreRBI/2017-18/12
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework ? Review
Read MoreRBI/2017-18/9
Auction of Government of India Dated Securities
Read MoreRBI/2017-18/2
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission.
Read MoreRBI/2017-18/1
Master Circular - Disbursement of Government Pension by Agency Banks
Read MoreSnapdeal rejects Flipkart?s $700-750 million buyout offer
The board of struggling online marketplace Snapdeal has rejected an offer of roughly $700-750 million from larger rival Flipkart, creating a new hurdl
Read MoreHome launches in January-June fall 41% in biggest decline in seven years
Home launches in India?s top eight cities fell 41% in the first half of 2017, the biggest drop in the last seven years, property consultant firm Knig
Read MoreKarnataka govt passes real estate Act
he Karnataka government on Wednesday passed the Real Estate (Regulation and Development) Act 2016 or RERA, an Act described as customer-centric which
Read MoreAuditors' to disclose property related transactions above Rs 20,000 to I-T
Auditors will now have to disclose details of transactions exceeding Rs 20,000 in connection with immovable property in reports, which they file with
Read MoreAfter PAN card, Aadhaar card linking success, connecting marriages to UID number must be the next big move
If we can have 115 crore Aadhaar numbers in the country, that are digitally recorded and are available online for verification purposes, why can?t all
Read MoreMF's AUM rises 7 per cent to Rs 19.52 lakh cr in Apr-Jun quarter
Mutual fund industry's asset base rose 7 per cent to all time high of Rs 19.52 lakh crore at the end of June quarter, driven largely by strong partici
Read MoreGerman industrial sector getting back on track as orders pick up
Foreign demand helped German industrial orders rebound in May, albeit less than forecast, data showed on Thursday, and the Economy Ministry said it ex
Read MoreVenezuela default risk rises as country only has $10 billion in reserves
Bets on a Venezuelan default are climbing as international reserves slump toward $10 billion amid anti-government protests and President Nicolas Madur
Read MoreIndia likely to clock GDP growth of 6.9 per cent this fiscal: BMI Research
Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 per cent in this financial
Read MoreAuditors' report to I-T should have property dealing details
Auditors will now have to disclose details of transactions exceeding Rs 20,000 in connection with immovable property in reports which they file with t
Read MoreGovernment exempts SEZs from integrated GST.
Providing relief to SEZs, the government has exempted goods imported by units or developers of special economic zones from integrated goods and servic
Read MoreM&M Financial Services to raise Rs 2,000 cr via NCDs
Mahindra and Mahindra Financial Services (Mahindra Finance) plans to raise Rs. 2,000 crore through issue of unsecured redeemable NCDs (non convertible
Read MoreJammu & Kashmir Assembly passes resolution to implement GST in the state
The Jammu and Kashmir Legislative Assembly adopted the Goods and Services Tax (GST) resolution during a special session on Wednesday. The state assemb
Read MoreAmazon infuses Rs 1,680 crore into Indian ops
Amazon has infused Rs 1,680 crore ($250 million) into its Indian marketplace operation ? Amazon Seller Services ? according to a regulatory filing on
Read MoreChina iron ore demand may falter as steel recycling grows
China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantl
Read MoreGold suffers more losses, down Rs 90 on low demand; silver up.
Gold slumped for the third day today, losing Rs 90 to Rs 29,220 per 10 grams, owing to slack demand from local jewellers even as the metal strengthene
Read MoreNon-food credit growth at two-month high
The growth in non-food credit rose to a two-month high of 6.71% year-on-year (y-o-y) during the fortnight ended June 23 from 6.63% in the previous for
Read MoreFPIs lap up investment limit for G-Secs
Foreign portfolio investors (FPIs) continue to show interest in Indian bonds, as they subscribed in large amounts to the limits for central government
Read MoreGlobal Private Equity funds scouting for deals in logistics sector
Private Equity (PE) funds are sharpening their focus on the warehousing and logistics sector, with leading international funds now scouting for big de
Read MoreEPFO signs pacts with 5 banks, all set to save Rs 125 cr
The Employees Provident Fund Organisation (EPFO) is likely to save around Rs 125 crore annually on transaction costs as it signed pacts with five more
Read MoreCGST won?t apply on items not registered under trademark law
The finance ministry on Wednesday clarified that goods exempt under the Goods and Services Tax (GST) will attract a levy of 5% only if such items are
Read MoreAIIB approves USD 329 mn loan to build roads in Gujarat
China-led Asian Infrastructure Investment Bank (AIIB) today said its board has approved USD 329 million loan to build access roads to 4,000 villages i
Read MoreJune services PMI grows to 8-month high on new orders
Services sector in India grew at its fastest pace in eight months in June, driven by a sharp jump in new work orders, suggesting an economic rebound g
Read MoreIndian renewable firms plan $2.5 billion in offshore dollar bond issues
Four Indian renewable power producers are planning to raise up to USD 2.5 billion via dollar bonds offshore because of caution among domestic lenders,
Read MoreGlobal device shipments to fall marginally in 2017: Gartner
Global shipments of PCs, tablets and smartphones are expected to decline marginally by 0.3 per cent to over 2.32 billion units in 2017 compared to las
Read MoreIndo-Israel technology, start-up investment may touch $25 bn by 2025: Study
India and Israel cross-border investment in technology through collaboration among start-ups in the two countries and research are likely to reach $25
Read MoreEU, Japan officials seal trade agreement, EU official says
Japan and the European Union should agree on Thursday to a free trade pact that could be completed within months, after senior officials removed final
Read MoreFed Officials Divided on When to Begin Balance-Sheet Unwind
A divided Federal Reserve policy committee couldn?t reach an agreement in June on the timing of when to begin shrinking its massive balance sheet, acc
Read MoreSamsung on track to take Intel?s chip crown with record Q2 earnings
Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past
Read MoreAt $2.8 bn, PE exits doubled in June quarter
Exits by private equity (PE) entities during the June quarter doubled from the corresponding period a year before, to $2.8 billion (Rs 8,000 crore) in
Read MoreAuto e-commerce start-up Droom raises $20 mn, eyes Nasdaq listing in 2 yrs
Eyeing a Nasdaq listing in the next two years, online automobile e-commerce platform Droom has raised $20 million (Rs 130 crore) in a round led by Int
Read MoreIndia, Israel join hands for strategic alliance
India and Israel on Wednesday elevated their ties to the ?strategic partnership? level with a vow to do ?much more together? to combat growing radical
Read MoreIndustry to add $280 billion to GDP from GST in 8-9 years.
Industry is expected to contribute $280 billion to Indias GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as
Read MoreIncome-tax (19th Amendment) Rules, 2017
Publish Date : Tuesday, July 4, 2017
China Caixin Services PMI slowed in June, but signals continued expansion
China Caixin services purchasing managers' index (PMI) on Wednesday showed growth slowed in June, as new order volumes weakened, but it continued to s
Read MoreScottish economy rebounds in first quarter of 2017
Scotland's economy rebounded in the first quarter of this year, boosted by growth in production and services.Official figures showed GDP grew by 0.8%,
Read MoreUK productivity falls to pre-crisis level
Hourly output fell 0.5% in the first three months of the year, the Office for National Statistics (ONS) said.At the end of 2016, productivity returned
Read MoreECB pushback against taper talk comforts euro zone bonds
Borrowing costs across the euro area fell on Tuesday as signs that some ECB policymakers are having doubts about signalling a move away from an ultra-
Read More5% GST only on branded cereals, says Finance Ministry.
The five per cent Goods and Services Tax (GST) rate will apply only on those branded cereals which are registered with the Register of Trade Marks, wh
Read MoreAIIB approves $329 million loan to build roads in Gujarat
China-led Asian Infrastructure Investment Bank (AIIB) today said its board has approved USD 329 million loan to build access roads to 4,000 villages i
Read MoreIndia-Vietnam should achieve $15 billion trade target by 2020: President Pranab Mukerjee.
President Pranab Mukerjee today said India and Vietnam should take steps to achieve USD 15 billion bilateral trade target by 2020.He said this while s
Read MoreService activity jumps to eight month high in June
Activity in India's service sector expanded at its fastest pace in eight months in June as new business orders surged, a private survey showed on Wedn
Read MoreIndustry to add $280 billion to GDP from GST in 8-9 years
Industry is expected to contribute $280 billion to Indias GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as
Read MoreSilver slumps Rs 1,335 on global cues, gold sticky too
Silver prices today settled below the Rs 39,000-mark by falling a sharp Rs 1,335 to Rs 38,265 per kg, hammered by poor global cues amid lower offtake
Read MoreIndian refiners tap spot crude market to feed increased capacity
Indian companies have stepped up purchases of high-sulfur crude oil from the Middle East and Russia in the spot market to feed demand from expanded re
Read MoreSebi hikes FPI investment limit for govt debt
Regulator Sebi today raised the FPI investment limit in central government securities to Rs 1,87,700 crore to boost inflow of foreign funds into India
Read MoreMF's AUM rises 7% to Rs 19.52 lakh cr in Apr-Jun qtr
Mutual fund industry's asset base rose 7 per cent to all time high of Rs 19.52 lakh crore at the end of June quarter, driven largely by strong partici
Read MoreIndian Bank revises interest rates for FCNR (B) deposits
Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect. As per the revis
Read MoreCiti India profit rises 12% in FY17
Citi India on Tuesday reported a 12.2% rise in FY17 profit after tax (PAT) to Rs 3,626 crore. The bank said its pre-tax profit grew 7% to Rs 6,185 cro
Read MoreBond yields continue to stay high as market fears further OMO sales
The 10-year benchmark yield closed at 6.55% on Tuesday with market participants expecting yields to remain high for some time. ?For the next two weeks
Read MoreSBI deposit rate cut to 7 year low of 6.75 pct for 1 year tenure
The interest rate on State Bank of India?s (SBI) one-year fixed deposits for less than Rs 1 crore has dropped to a seven-year low of 6.75% after the c
Read MoreVenture capital cos? investments jump 150% during Jan-June period
Investments by venture capital firms recorded more than 150% jump during the January-June period 2017 compared to the same period last year, to touch
Read MoreDomestic M&A deals in H1 up 59% at $34.3 bn
Mergers and acquisitions deals involving domestic companies in terms of value touched $34.3 billion during the first half of 2017 (HI17), up 59% compa
Read MoreSnapdeal board rejects $850 million offer from Flipkart
Snapdeal's board is believed to have rejected a takeover offer of $800-850 million (around Rs 5,500 crore) from larger e-commerce rival Flipkart.Accor
Read MoreSun Pharma enters into $55.5-mn deal with Samsung BioLogics
Drugmaker Sun Pharmaceutical Industries Ltd has entered into a long-term manufacturing agreement with Samsung BioLogics for biological drug Tildrakizu
Read MoreAirAsia India says GST to shave off Rs 400 crore from airlines.
Low-cost carrier AirAsia India today said the new tax regime will leave the aviation industry poorer by about Rs 400 crore annually if the government
Read MoreIndia Inc downgrades: Monsoon season silver lining emerges for corporates
It may not be raining downgrades but the cloud cover is thick. With more than three downgrades a day, India Inc?s debt profile remains fragile. In the
Read MoreCash dealings limits: Centre tweaks norms, says dealings of over Rs 2 lakh will not apply to credit card payments
Restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers
Read MoreMaharashtra, Tamil Nadu raise taxes outside GST, Centre says they can
Two state governments, Maharashtra and Tamil Nadu, have started imposing taxes outside the national goods and services tax (GST), something the Centre
Read MoreSamsung plans $18.6 billion South Korea investment to widen chip lead
Samsung Electronics Co Ltd (005930.KS) said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and nex
Read MoreGems & jewellery exports rise 11% during April-May
Gems and jewellery exports rose by over 11 per cent to $6.78 billion during the first two months of the current financial year, largely driven by dema
Read MoreAdventz Group's Texmaco signs $2-bn MoU for Israel light rail
Indian conglomerate Adventz Group has signed a $2-billion-plus memorandum of understanding (MoU) with Israel?s Lesico group to collaborate in the ligh
Read MoreRoyal Dutch Shell plans retail expansion in India
Global oil major Royal Dutch Shell has lined up its ?most aggressive? expansion plan across the world in the Indian fuel retail segment, which include
Read MoreCentre eases M&A filing norms
In a recent notification, the Ministry of Corporate Affairs erased the requirement to apprise the Competition Commission of India (CCI) within 30 days
Read MoreGovt plans to merge smaller trading firms with MMTC
After oil, defence and construction sectors, the government is likely to consider merging of state-owned companies in the trading space. Officials sa
Read MoreChina?s monetary policy stance
China?s central bank said on Tuesday that it would continue to implement a prudent and neutral monetary policy. The People?s Bank of China (PBOC) will
Read MoreAdoption of Ind AS by insurers deferred till 2020-21
The Insurance Regulator and Development Authority of India (IRDAI) has deferred the implementation of Indian Accounting Standards (Ind AS) by insuranc
Read MoreJune quarter records highest ever FPI inflows into Indian debt
The first quarter of this fiscal that ended last week has been robust in terms of the foreign money inflows into the country.Foreign portfolio investo
Read MoreNotification No.21 /2017-Central Excise (N.T.)
Seeks to prescribe the credit transfer document under rule 15(2) of CCR, 2017
Read MoreAcceptance Form to conduct Valuation of Ventures under Start-Up India at minimum reasonable fee
Acceptance Form to conduct Valuation of Ventures under Start-Up India at minimum reasonable fee
Read MoreNotification No.20 /2017-Central Excise (N.T.)
Seeks to notify the new CENVAT Credit Rules, 2017
Read MoreNotification No.19 /2017-Central Excise (N.T.)
Seeks to notify the new Central Excise Rules, 2017
Read MoreGST impact: Subsidised LPG rate hiked by up to Rs 32 per cylinder
Domestic cooking gas (LPG) price has been hiked by up to Rs 32 per cylinder ? the steepest increase in six years ? following implementation of the Goo
Read MoreBOJ tankan shows slight pickup in corporate inflation expectations
Japanese companies' inflation expectations picked up slightly in June from three months ago as labour shortages and high material costs pointed to an
Read MoreAustralia holds interest rates as economy remains soft
Australia?s central bank held interest rates at a record low today as the economy endures a soft patch while wage growth stutters, shunning indication
Read MoreDigital payments rise 55% in FY'17: Watal.
Digital payments recorded 55 per cent increase in 2016-17 and the trend is likely to continue in the coming years indicating that India is at 'the cus
Read MoreInflation pain easing; 25 bps rate cut likely on Aug 2: Bank of America Merrill Lynch.
The Reserve Bank is expected to cut its key policy rate by 25 bps in its review meet on August 2 as June CPI inflation is expected to be around 1.5 pe
Read MoreDevices for disabled taxed at concessional 5% rate: Government.
The government today rejected Congress Vice-President Rahul Gandhi's allegations of GST tax rates being "insensitive" to the disabled, saying assistiv
Read MoreGST to be revenue-neutral in the short-term, says Fitch.
The newly-implemented goods and services tax (GST) will support productivity and boost the long-term growth prospects but is unlikely to increase tax
Read MoreJet Airways may sell stakes to Delta; explores expansion of commercial ties.
Jet AirwaysBSE -1.00 % is exploring opportunities to expand its commercial ties with American carrier Delta Air Lines into a strategic alliance involv
Read MoreGST shines on renewable energy sector.
The renewable energy sector is quite content with GST provisions. Contrary to earlier fears of sale of solar equipment ? panels, modules and inverters
Read MoreOdisha gets Rs 1,188 crore investment from 3 companies
Odisha has received fresh investment proposals worth Rs 1,188 crore from three companies, which will generate employment opportunities for over 2,700
Read MorePune Metro to get ?600 million from European Investment Bank
Pune Metro project, undertaken by Maharashtra Metro Rail Corporation Limited (Maha-Metro), is set to secure financing from the Luxembourg-based Europe
Read MoreBillionLoans gets Rs 7 crore seed funding from Reliance Capital arm
BillionLoans Financial Services has closed a seed funding round of Rs 7 crore ($1 million) from Reliance Corporate Advisory Services, a wholly-owned s
Read MoreHDFC Bank cuts base rate by 10 bps
Private lender HDFC Bank has cut its base rate by 10 basis points to 8.90 per cent with effect from June 30. Its existing corporate customers, whose l
Read MoreYES Bank cuts MCLR by 5-10 bps
YES Bank has cut its marginal cost of fundsbased lending rates by 5-10 basis points across tenures for July, according to information on the lender?s
Read MoreCentre abolishes 13 cesses along with GST rollout
Starting July 1, as many as 13 cesses have ceased to exist with the rollout of the Goods and Services Tax (GST).The cesses that have been abolished fr
Read MoreMutual Funds aim at five-fold increase in assets by 2025
The Rs 20-lakh crore domestic mutual fund (MF) industry is eyeing a near fivefold increase in assets under management (AUM) and an over three-time jum
Read MoreFresh investments plummet in June quarter despite govt steps
Investments fell sharply in the June quarter of FY18 despite the government taking several steps to attract capital. Indian firms announced only 448 n
Read MoreIndonesia hopes for additional $10 bn inflows
Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following St
Read MoreChina, Hong Kong launch bond scheme
China and Hong Kong launched a long-awaited ?Bond Connect? scheme on Monday that links China?s $9 trillion bond market with overseas investors, the la
Read MoreGST India 2017: Exporters need not pay IGST if bond furnished
Exporters can furnish bond or letter of undertaking instead of paying Integrated GST at the time of exporting goods and services with effect from July
Read MoreLogistics to grow at 10 per cent, GST to benefit organised players.
The logistics sector is to grow at 9-10 per cent in the medium term on GDP expansion, and the GST era will see benefits accruing to organised players,
Read MoreManufacturing PMI at four-month low of 50.9 in June
Manufacturing activity fell to a four-month low in June despite a rise in orders from abroad, according to a private monthly survey.The Nikkei India M
Read MoreUK factories lose pace as exports slow despite weaker pound
British factories grew more slowly than expected in June as export orders rose at the weakest pace in five months, according to a survey on Monday tha
Read MoreU.S. Manufacturing Activity Grows At Notably Faster Pace In June
Activity in the U.S. manufacturing sector grew at an accelerated rate in the month of June, the Institute for Supply Management revealed in a report o
Read MoreRBI hikes investment limit in G-Secs for long-term FPIs
In a bid to encourage investments by long-term foreign portfolio investors (FPIs), the Reserve Bank of India on Monday said whenever there is an incre
Read MoreBank loans to individuals: Growth hits slowdown in May
The growth in bank loans to individuals was 13.7% year-on-year (y-o-y) in May, compared with 19.1% recorded in the same month of 2016, data released b
Read MoreOverseas bond issuances by lenders, India Inc hit $7.6 bn in H1 of 2017
Overseas bond issuances by Indian companies and banks hit $7.6 billion in the first six months of 2017. Over the last few weeks, spreads at issues ? t
Read MoreBookMyShow acquires Burrp in all-cash deal
BookMyShow on Monday announced that it has acquired Burrp, the Mumbai-based food and restaurant recommendation engine, in an all-cash deal with Networ
Read MoreIndraprastha Gas looks to piggyback on GAIL to expand beyond Delhi-NCR
Indraprastha Gas (IGL) is looking to piggyback on its parent GAIL (India) to expand its business beyond the National Capital Region (NCR). ?We have ap
Read MoreThyssenkrupp wants less than 50% of Tata Steel JV.
German industrial group Thyssenkrupp aims to hold less than half of a steel joint venture it wants to set up with Tata Steel so it can deconsolidate t
Read MoreFiscal deficit soars to 68 per cent of Rs 5,461 cr estimated for FY18 as subsidy spent jumps 110 pct
A steep 110% increase in the spending on the explicit subsidies was the primary reason why the Centre?s fiscal deficit in April-May 2017 soared to 68%
Read MoreUPI transactions cross 10 million mark in June, says NPCI
Unified Payments Interface (UPI) crossed the 10 million transaction mark in June, said National Payments Corp. of India (NPCI) in a statement on Monda
Read MoreONGC, GSPC deal: Oil ministry raises flag over danger in government nudging PSUs to make sub optimal investments
The petroleum ministry has turned introspective on the practice of asking oil PSUs to acquire energy assets that might not necessarily make business s
Read MoreNotification No. 57 /2017, F.No.370142/10/2017-TPL
Publish Date : Monday, July 3, 2017
Income tax (18th Amendment) Rules, 2017
Publish Date : Monday, July 3, 2017
India-China to account for 50% of new mobile subscribers by 2020: Report.
India and China will account for almost half of all new mobile subscribers expected to be added globally by the end of 2020, a new study has found.Acc
Read MoreATMs to turn costly under GST, small banks to be hit.
Deploying automatic teller machines (ATMs) is set to get more expensive as ATMs have been put under the highest tax slab of 28% under the new Goods an
Read MoreGSTIN under GST India 2017: What GSTIN means, how to register for GSTIN, what is ARN number, code in GST India 2017
GST or Goods and Services Tax is currently the poster boy for the Indian Economy. While experts, as well as regular citizens, are divided on how GST i
Read MoreNo double taxation on credit card payments: Government.
The government and banks have scotched rumours that payments by credit cards or other electronic modes of payment would lead to double taxation under
Read MoreTotal to sign $4.8-billion gas deal with Iran.
French energy giant Total will finally sign its multibillion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry sai
Read MoreJapan Tankan for June shows big manufacturers' sentiment at three-year high
Japan's Tankan report showed big manufacturers' sentiment beat expectations, with the index hitting a three-year high.The Big Manufacturers Index for
Read MoreAsia manufacturing picks up in June but momentum seen slowing into second half.
Manufacturing activity in Asia's tech producing economies expanded in June, helped by growing global demand for electronics products, but headwinds in
Read MoreChina Inc's $7.8 Billion of Dividend Payments Will Stress the Yuan
The yuan?s rebound may be undermined by a seasonal hunt for dollars as Chinese companies prepare to pay dividends to shareholders overseas.Demand for
Read MoreEgypt attracted $9.8 bln foreign investment in debt instruments in 2016-2017
Egypt attracted $9.8 billion of foreign investment in domestic debt instruments in the 2016-2017 fiscal year compared to $1.1 billion the previous yea
Read MoreBig data analytics to become $16 billion industry by 2025
Big data analytics sector in India is expected to witness eight-fold growth to reach $16 billion by 2025 from the current $2 billion, industry experts
Read MoreGermany's Aldi to invest 5 billion euros in stores: Bild am Sonntag
German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world, which w
Read MoreAll eyes on July for U.S. oil demand to drain glut
U.S. oil traders are hoping the sweltering days of July are also hot ones for demand, believing the new month is the last best opportunity this year t
Read MoreCorporate bond market: Liquidity in secondary trade rises
The corporate bond market is slowly coming of age, with liquidity in the secondary market on the rise, according to the Financial Stability Report (FS
Read MoreWhirlpool India to invest Rs200 crore, increase production in next 3 years
Home appliances maker Whirlpool India Ltd is looking to invest around Rs200 crore in the next three years on technological innovations and to increase
Read MoreGST blues may turn markets volatile
The Indian stock market could continue to remain volatile with a downward bias as corporates and investors assess the impact of the landmark goods and
Read MoreJSW Steel to spend Rs 26.8Kcr to take capacity to 23MT by 2020
JSW Steel plans to spend Rs 26,800 crore to take its capacity to 23 million tonne per annum (MTPA) by March 2020, its Chairman Sajjan Jindal said toda
Read MoreRBI SEES MATURING OF SECONDARY MARKET IN CORPORATE BONDS
The corporate bond market is slowly coming of age, with liquidity in the secondary market on the rise, according to the RBI?s biannual Financial Stabi
Read MoreKrishnapatnam port upgrades infrastructure, eyes share of Colombo traffic
Krishnapatnam Port, the all-weather, deep-water private port in Nellore district of Andhra Pradesh, is aiming high, looking to match global ports in t
Read MoreIndia?s travel market to reach $48 billion by 2020: Google, BCG
Indian passenger travel market is projected to grow at 11-11.5 per cent to $48 Billion by 2020 with the biggest contributor, air travel, expected to g
Read MoreCentre imposes 10% basic customs duty on mobile phones
The Centre has imposed 10 per cent basic customs duty on cellular mobile phones. This levy will be applicable from July 1.This will also be applicable
Read MoreBHEL Ties Up With Kawasaki To Make Steel Metro Coaches
State-run engineering firm BHEL today said that it has entered into an agreement with Kawasaki Heavy Industries Ltd (KHI), Japan, to produce stainless
Read MoreCentre modifies export incentive schemes to align with GST
The Centre has modified existing export incentive schemes removing most exemptions provided on input taxes to align them with the Goods & Services Tax
Read MoreGlobal economic cues at play
While all central banks have similar mandates in securing growth and price stability, the key central banks such as US Fed and the ECB have also to re
Read MoreGold under pressure despite weak dollar
It was a volatile week for the yellow metal. The global spot gold prices crashed over a per cent initially on Monday from around $1,253 per ounce to $
Read MoreGST impact: Buyers may home in on ready-to-move-in properties only.
Even as real estate developers are busy preparing and fine-tuning their systems to align with the new tax regime, builders and brokers are expecting r
Read MoreFor a smooth takeoff: Corporate travellers must give employer details for tax credit.
Airlines have written to its corporate travellers to register their companies? or employers? GST number to claim a tax credit. Corporate travellers fo
Read MoreLuxe Cars Get a Bit More Affordable
Luxury cars have become a bit more affordable overnight ? and Indians have the GST to thank for this windfall.Prices of Mercedes-Benz, BMW, Audi, and
Read MoreCar & Two-Wheeler Cos Get Into Auto Mode to Cut Prices
Car buyers would likely be the most enthusiastic backers of the GST, the new levy that has led Indian automakers to immediately slash prices substanti
Read MoreUnder UDAY, states took over Rs 2 lakh cr discom debt, leading to Rs 11,989 cr savings
The governments of 16 states have taken over around Rs 2.08-lakh-crore debt of electricity distribution companies (discoms) as per the terms of the Uj
Read MoreGST narrows ambit of duty credit scrip use by exporters
Implementation of the Goods and Services Tax has limited the use of duty credit scrips by exporters as these can now be utilised only for payment of b
Read MoreNotification No.33/2017-Customs (ADD)
Seeks to Extend the applicability of Anti ?dumping duty imposed vide the Customs notification No. 34/2012- Customs (ADD) concerning imports of Soda As
Read MoreClarifications in respect of section 269ST of the Income-tax Act, 1961
Publish Date : Monday, July 3, 2017
Saudi Economy Shrinks, Showing Task Facing New Crown Prince
Saudi Arabia?s economy shrank by 0.5 percent in the first quarter, illustrating the scale of the challenge facing the country?s new heir as he overhau
Read MoreSamsung to build world's biggest OLED plants
Samsung is planning to construct the world's biggest OLED plants in South Korea to beef up production of flexible OLED screens for the upcoming Apple
Read MoreBad loans at Indian banks climb to a 15-year high and may increase further
Bad debts at Indian lenders, especially state-run banks, have climbed to a 15-year high and may increase further, a central bank study showed. Under t
Read MoreRBI sees economy clipping at 7.3% in current fiscal
The Reserve Bank today said the ongoing accelerated reform initiatives like GST and continuing political stability will push the economic growth scale
Read MoreGovt restricts multiple layers of cos, norms to apply prospectively & exempt foreign acquisitions
The ministry of corporate affairs (MCA) has issued draft rules which seek to restrict the number of layers of subsidiaries that a company can have. Ru
Read MoreGovernment imposes 10% customs duty on imported mobile phones
India will begin imposing basic customs duty (BCD) on smartphones of 10% from July 1 making imported devices more expensive than locally made ones, a
Read MoreHere's your complete guide
Most of the goods and services have been listed under the four broad tax slabs - 5 per cent, 12 per cent, 18 per cent and 28 per cent. Some items like
Read MoreGST will go beyond tax, affect every aspect of ecosystem, here are key focus area for industry
The most significant tax reform in India, the Goods and Services Tax (GST), rolls out on July 1 and has attracted heightened interest from all stakeho
Read MoreBonds firm up, call rates end higher
Government bonds (G-Secs) firmed up on sustained demand from banks and corporates, and the interbank call money rates also ended higher due to good de
Read MoreCore industries grow 3.6% in May
Production from core industries grew 3.6 per cent in May 2017 compared with 2.8 per cent during May 2016.The index of eight core industries grew 2.5 p
Read MoreInformal push: 27% rise in non-agri enterprises
The number of unincorporated non-agricultural enterprises (those not registered under the Companies Act, 1956), excluding construction, grew by 27 per
Read MoreOrient Green Power to transfer biomass operations to subsidiary
Renewable energy company Orient Green Power Company Ltd (OGPL) has announced a restructuring exercise, under which its biomass operations will be tran
Read MoreGDP to face GST hiccups: Economists
The goods and services tax (GST) might adversely affect economic growth in the initial part of 2017-18 before providing a boost from the fourth quarte
Read MoreSebi issues new framework to deepen corporate bond market
Regulator Sebi today put in place a new framework for consolidation in debt securities as part of its efforts to deepen the corporate bond market. Liq
Read MoreChina factory growth unexpectedly quickens, but debt risks pressure economy
China's factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, though analysts expe
Read MoreU.S. consumer spending rises modestly, inflation cools
U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal R
Read MoreEurozone inflation holds up despite big energy drag
Inflation across the 19-country eurozone held up better than anticipated in the face of waning energy prices, a sign that the region's economic recove
Read MoreLNG price row between India, US crimps Trump's export aims
India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by
Read MoreSebi to accept e-PAN card for KYC purpose
Markets regulator Sebi today said electronic PAN card issued by CBDT to foreign portfolio investors will be accepted for KYC purpose. CBDT, in April,
Read MoreDena Bank cuts MCLR rates by 0.05% for select tenors
State-owned Dena Bank has cut marginal cost based lending rates (MCLR) by 0.05 per cent for select maturity periods with effect from tomorrow.For 3-mo
Read MoreRBI gets one application for on-tap licensing of private universal banks
The Reserve Bank of India (RBI) on Friday said that it has received just one application for ?on tap? licensing of universal banks in the private sect
Read MoreBank of Baroda rate cut by 10 bps to 9.5 pct; to benefit borrowers who took loans before April 2016
State-owned lender Bank of Baroda (BoB) on Friday trimmed its base rate by 10 basis points (bps) to 9.5%, according to a stock-exchange notification.
Read MoreDebt servicing capacity, leverage of ?weak? firms deteriorate in FY17: FSR
The debt servicing capacity and leverage of ?weak? companies in the sample surveyed by the Reserve Bank of India deteriorated considerably in 2016-17,
Read MoreRBI Financial Stability report: ?Lenders? share in credit flow sharply fell last fiscal?
Indian banks are likely to face pressure on their earnings with financial disintermediation getting broad-based due to growth in market-based financin
Read MoreIf macroeconomic conditions deteriorate, banks GNPAs may rise to 10.2 per cent, says FSR
A macro stress test for banks indicates that under the baseline scenario, gross non-performing assets (GNPAs) may rise from 9.6% in March 2017 to 10.2
Read MoreJSW Steel posts record steel output in 2016-17
Sajjan Jindal-led JSW Steel has recorded its highest-ever crude steel production at 15.80 mt during 2016-17, surpassing earlier guidance.This is 25 pe
Read MoreJapan evinces interest in nuclear sector in India, may get involved in effort to revive Westinghouse?s plan to build reactors
Japanese companies are eyeing opportunities in India?s nuclear reactors and could be involved in efforts to revive Westinghouse?s plan to build reacto
Read MoreIndia's largest refiner IOC setting up Singapore oil unit
India's largest refiner Indian Oil Corp is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from i
Read MoreGovernment to soon restrict layers of subsidiaries under companies law
The government will soon put in place restrictions on the number of subsidiaries a corporate can have under the companies law, as it steps up the figh
Read MoreApril-May fiscal deficit at $57.7 bn
India?s fiscal deficit touched 3.73 trillion rupees ($57.69 billion) during April-May period or 68.3% of the budgeted target for the current fiscal ye
Read MoreRBI report warns of more NPA pain, sees bad loans topping 10% by March 2018
The Reserve Bank of India (RBI) has warned that risks to the banking industry?s stability have worsened, with asset quality and profitability deterior
Read MoreForex reserves at new life-time high of $382.53 billion
The country's forex reserves surged by $576.4 million to touch a new life-time high of $382.53 billion in the week to June 23, helped by a rise in for
Read MoreGovt slashes small savings rate by 10 basis points for July-September
The government has lowered interest rate on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi by 0.1 per cent for the July- Septe
Read MoreHistoric GST launched at midnight, from today India is finally one nation, one tax
India embraced the goods and services tax (GST) on the intervening night of Friday-Saturday, in a move that marked the culmination of the country?s lo
Read MoreIndia extends crop fumigation exemption until end-December
India has extended an exemption by six months for crop cargoes to be fumigated with methyl bromide, the gas once used as a pesticide but now banned in
Read MoreJSW keen to snap up stressed assets, to create $1-bn war chest
Leading alloymaker JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 billion war
Read MoreGovernment cuts PPF, NSC rate to 7.8 per cent
The government has reduced interest rates on small saving schemes, including the Public Provident Fund (PPF), NSCs and Kisan Vikas Patra by 10 basis p
Read MoreGST should have come earlier; post 2019-20, we are poised for double digit growth: Rakesh Jhunjhunwala
In an exclusive interview with Tanvir Gill & Ayesha Faridi, Rakesh Jhunjhunwala, Partner, Rare Enterprises, says ant-profiteering clause is of little
Read MoreRERA not yet ready in Haryana, but registrations of real estate projects start
The Haryana government, which is yet to finalise the rules for the Real Estate (Regulation and Development) Act, 2016 (RERA), has nevertheless started
Read MoreGovernment to approve FDI proposals in 8-10 weeks
The government will clear all FDI proposals requiring approval within a maximum of 10 weeks after the receipt of an application as per the standard op
Read MoreHere is a list of products, services GST launch will change; from meat, chicken, hotels, namkeen, Ayurvedic medicines and more
Tonight, as the clock strikes 12 midnight a gong will sound in Parliament House Central Hall to officially announce GST launch. It will usher in a new
Read MoreAadhar-PAN linking last day: PAN will not be invalid even after June 30, says CBDT
The Central Board of Direct Taxes (CBDT) assured that PAN numbers will not be tagged invalid even if they have not been linked to respective Aadhar nu
Read MoreAsian Development Bank pledges $10 billion for development projects in India
The Asian Development Bank (ADB) today committed USD 10 billion support for infrastructure building and immediate development needs of less-developed
Read MoreSBI urges government to ease provisioning
The country?s largest bank, the State Bank of India, has written a letter to the finance ministry raising concerns over the stringent provisioning nor
Read MoreATM withdrawals & cash deposits to get costlier as banks will pass on higher GST rate
All banking services such as ATM withdrawals, cheque book issuance, demand drafts and cash deposits will get costlier from July 1 with the implementat
Read MoreChina manufacturing activity accelerates in June, with official PMI at 51.7, beating expectations
China's manufacturing activity accelerated more than expected in June, suggesting the world's second-largest economy continues to confound expectation
Read MoreUK economic growth confirmed at 0.2% in first quarter
The UK economy grew by 0.2% in the first three months of the year, official figures have confirmed.The latest growth estimate from the Office for Nati
Read MoreEurozone inflation down slightly but underlying prices rise
Official figures show that inflation across the 19-country eurozone fell to its lowest level this year as energy prices came off the boil. Eurostat, t
Read MoreRupee hits 5-week low against US dollar
The Indian rupee on Friday weakened for the fourth consecutive session to hit a five-week low against the US dollar, tracking volatile local equity ma
Read MoreMutual Fund investors tilt the scale in favour of balanced schemes
The balanced funds category of various mutual funds has generated higher inflow per folio account than equity schemes (growth) in the past three and f
Read MoreTelangana, Andhra farmers face Rs.24,000-crore hit after rollout
As the country gets ready for the Goods and Services Tax (GST) rollout on July 1, farmers are angry as the new tax regime would mean a higher burden.
Read MoreSebi chief cautions MFs against letting debt funds bulge
Amidst the concerted efforts by the government and RBI to rein in the mounting bad loans issue, Sebi Chairman Ajay Tyagi on Thursday cautioned mutual
Read MoreNotification No.RBI/2016-17/331
Specified Bank Notes held by DCCBs
Read MoreNotification No.RBI/2016-17/330
Conduct of Government Business by Agency Banks ? Payment of Agency Commission
Read MoreNotification No.RBI/2016-17/329
Limits on balances in customer accounts with payments banks ? sweep out arrangements with other banks
Read MoreCircular No. 1056/05/2017-CX
Handling of legacy work of LTUs in the GST regime
Read MoreNotification No.32/2017-Customs (ADD)
Seeks to impose ADD on the imports of Pentaerythritol originating in or exported from China PR for a period of five years.
Read MoreNotification No.61/2017 Customs (N.T.)
Notification No.61/2017 Customs (N.T.) [F.No. 450/108/2017-Cus.IV]
Read MoreNotification No.60/2017 Customs (N.T.)
Notification No.60/2017 Customs (N.T.) [F.No. 450/108/2017-Cus.IV]
Read MoreNotification No.59/2017 Customs (N.T.)
Regarding amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIRs of duty drawback
Read MoreNotification No.58/2017 Customs (N.T.)
Amendment in the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995
Read MoreNotification No.57/2017 Customs (N.T.)
Regarding amendment in Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995
Read MoreNotification No. 26 /2017-Customs
Seeks to amend Customs Exemption notifications for various export promotion schemes
Read MoreNotification No. 25 /2017-Customs
Seeks to appoint the 1st day of July, 2017 as the date on which all the provisions of the the Taxation Laws (Amendment) Act, 2017 shall come into forc
Read MoreNotification No. 24 /2017-Customs
Seeks to amend Notification No. 230/1986-Customs dated 03.04.1986 so as to notify 11 concerned Metro/Mono Railway Administration as sponsoring authori
Read MoreRBI to remain open on July 1 to facilitate transactions
Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT and RTGS from 11 AM onwards.RBI follows a July to June ac
Read MoreIndia gold premiums jump to 7-1/2-month high ahead of tax hike
Gold premiums in India jumped to the highest level in 7-1/2 months this week as consumers advanced purchases to avoid paying higher tax when a new nat
Read MoreAzim Premji firm to buy 2.2% stake in Aditya Birla Capital for Rs700 crore
Aditya Birla Capital Ltd, the financial services arm of the Aditya Birla Group, on Thursday signed an agreement to sell a 2.2% stake to PremjiInvest,
Read MoreChinese co Midea to invest Rs 800 crore for Pune plant
Placing India high in its scheme of things, Chinese appliance maker Midea today made public its plan to invest Rs 800 crore to set up a manufacturing
Read MoreGovt spending up 55% in April-May
Government spending rose 55 per cent in April-May over the same period a year ago. This visible effect of advancing the date of the Budget this year ?
Read MoreStaples in $6.9 billion sale to private equity firm Sycamore
Sycamore Partners said on Wednesday it would acquire U.S. office supplies chain Staples Inc (SPLS.O) for $6.9 billion, a rare bet by a private equity
Read MoreChina final Q1 current account surplus $18.4 bln - FX regulator
China posted a final current account surplus of $18.4 billion in the first quarter, compared with a preliminary surplus of $19 billion, the foreign ex
Read MoreU.S. economic growth in Q1 upgraded to 1.4%
The U.S. economy got off to a lackluster start during the first three months of 2017, though it enjoyed more momentum than earlier estimates indicated
Read MoreThis fund is bearish on iron even as it enters bull market
Iron ore?s finally catching a break with a jump back into a bull market. But don?t bank on the recovery lasting through to the year-end, according to
Read MoreIndian MFs barely out of teens; can grow ten-fold to 60 cr: Anil Ambani
Urging regulator Sebi to simplify investment and advertisement norms for mutual funds, business leader Anil Ambani today said investing in them should
Read MoreRBI finalises peer-to-peer lending norms; likely in 2-3 weeks
The Reserve Bank of India (RBI) has finalised norms for peer-to-peer (P2P) lending platforms and is expected to release final guidelines in 2-3 weeks,
Read MoreREC prices green dollar bonds to raise $450 m
Rural Electrification Corp (REC) and Samvardhana Motherson Automotive Systems Group have priced their respective dollar and euro bonds on Thursday, so
Read MoreSales ahead of GST rollout by retailers set to erode margins in June
A prolonged end of season sale (EOSS) to liquidate existing stock before the onset of GST regime, coupled with waning new stock replenishment eroded m
Read MoreJSW Steel to set up Rs2,100 crore pipeline in Karnataka
JSW Steel on Thursday said its board has approved the plan to set up a Rs2,100 crore slurry pipeline in Karnataka to transport iron ore and coal for i
Read MoreUnincorporated units contribute Rs 11.5 lakh crore to economy
As many as 6.34 crore unincorporated non-agriculture enterprises excluding construction sector, have contributed Rs 11.52 lakh crore to the economy an
Read MoreTax on work contracts hiked from 12 pct to 18 per cent
Ahead of the Goods and Services Tax (GST) rollout, the government on Thursday notified related rules and rates while raising the tax on construction s
Read MoreInvestors are putting the fun(ds) back into Indian e-commerce
After a downturn in 2016, when both investments and revenues were hard to come by, the India internet story seems to be looking up in 2017. Private eq
Read MoreTransport buses to attract 15% cess, prices to rise
The government has decided to levy a cess of 15% over and above the GST rate of 28% on buses, thus putting public transport vehicles in the same tax b
Read MoreJaiprakash Associates gets approval to close deal with Ultratech Cement
Jaiprakash Associates said on Thursday it has received approval from its committee of directors to close the transaction for selling a part of its cem
Read MoreJyoti Structures says no objection to being referred to NCLT, but flags fact it is in talks with buyer
The loss-making Jyoti Structures told a bench of the National Company Law Tribunal (NCLT) on Thursday that it had no objection to the insolvency proce
Read MoreIndia is one of the key markets for us, says David Kohler
US-based Kitchen and bath fittings major Kohler has said India?s reforms reform process will help make it more transparent and drive productivity over
Read MoreCanon India honcho Kazutada Kobayashi says ready for next big leap
Japanese camera and printer maker Canon has rolled out an ambitious company expansion programme, titled Vision 2020, to chart its next phase of growth
Read MoreMcDonald?s to shut down 43 out of 55 outlets in Delhi; here?s why
Bad news for burger lovers in the national capital. Popular fast food joint McDonald?s has decided to shut down almost 80 percent of its shops in Delh
Read MoreTCS reclaims most valued company status, Reliance Industries slips to 2nd spot
Tata Consultancy Services today surpassed Reliance Industries to reclaim the status of the country?s most valued firm by market valuation. At close of
Read MoreColumbia Asia to invest Rs 400 crore on 2 new hospitals in India
International healthcare firm Columbia Asia will invest over Rs 400 crore to set up two new hospitals in India by the end of 2019 as it looks to expan
Read MoreFortis Healthcare Gets Shareholders Nod To Hike FIIs Shareholding Limit
Fortis Healthcare today said its shareholders have approved increasing shareholding limit for foreign institutional investors to up to 74 per cent fro
Read MoreReliance Jio Files 54 Global Patents in FY17
Mukesh Ambani-owned Reliance Jio, known for its aggressive data and voice offerings, filed a total 54 global patents during 2016-17.RIL, in its latest
Read MoreJapan May retail sales rise 2.0 percent on-year, coming in below 2.6 percent forecast
Japanese retail sales rose less than expected in May as sales of durable goods and clothes slowed, falling substantially from April's annual increase
Read MoreChina open to free-trade agreement with Mexico - Xinhua
China is open to negotiating a free-trade agreement with Mexico, the official Xinhua news agency reported on Thursday, citing the Chinese ambassador t
Read MoreFed gives big U.S. banks a green light for buyback, dividend plans
The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond bei
Read MoreGlobal coordination important as world economy changes - China vice fin min
Global coordination is important as the world economy undergoes changes, including the latest increase in U.S.interest rates earlier this month, China
Read MoreGST?s red-carpet entry: Impact on consumers, traders, government
With the biggest tax reform set to receive a red carpet welcome in Parliament?s Central Hall when the clock strikes midnight on June 30, the Goods and
Read More1.6 lakh new businesses register on GSTN in 4 days
As many as 1.6 lakh businesses that were previously not registered for either VAT, service tax or excise duty have enrolled for Goods and Services Tax
Read MoreConsumption to propel India's GDP growth: Nomura
India's GDP growth witnessed a trough in January-March quarter, but going forward the economy is expected to see gradual improvement in growth numbers
Read More7th pay commission: HRA hike impact on inflation maybe lower than estimates
Allowances dole out under the Seventh Pay Commission may push up retail inflation by 0.25-0.5 per cent, less than the Reserve Bank of India's estimate
Read MoreFarm loan waiver may dent state finances, risk slippage: Fitch
Loan waiver schemes being doled out to farmers could have a significant impact on state government finances and pose risk of further fiscal slippages,
Read MoreIndia gives $100,000 to UN Tax Fund; 1st country to contribute
India has contributed $ 100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first cou
Read MoreBrexit could blow ?20bn hole in EU budget, warns European commissioner
Britain?s withdrawal from the EU could leave the remaining 27 countries with a ?20bn a year hole in their budget, requiring additional EU taxes to fil
Read MoreTrademarks, goodwill will face GST of 18%
Intangibles such as trademarks and goodwill will face a goods and services tax (GST) of 18% according to the final rate schedule notified by the gover
Read MoreRBI has started process of printing Rs 200 notes to make daily transactions easier
Almost ten months after Prime Minister Narendra Modi made an announcement to scrap Rs 500 and Rs 1000 notes, the Reserve Bank of India has ordered for
Read MoreGlobal debt levels soar to $217 trillion
Global debt levels have surged to a record $217 trillion, driven by a $3 trillion borrowing spree in the developing world, the Institute of Internatio
Read MoreBonds, call rates slip
Government bonds (G-Secs) slipped further on selling pressure from banks and corporates and the overnight call money rates also finished lower owing t
Read MoreUCO Bank to raise Rs3,000 crore mainly from LIC
UCO Bank on Wednesday said it would look to raise up to Rs3,000 crore in the current financial year, largely from Life Insurance Corp. of India (LIC).
Read MoreSamsung Elec says to open $380 million home appliance plant in US
Samsung Electronics has agreed to open a $380 million home appliance manufacturing plant in South Carolina, the United States, it said on Wednesday. T
Read MorePhilips to buy Spectranetics for $1.7 billion
Royal Philips NV?s $1.7-billion deal to buy Spectranetics Corp, a US maker of devices to treat cardiac disease, shows the Dutch company is moving more
Read MoreFCI begins open market sale to bulk buyers
After a sharp 34% increase in wheat procurement in the ongoing rabi marketing season (2017-18) to 30.8 million tonne compared to last year, the Food C
Read MoreInsurance penetration in India at 3.42%, far below global average
India?s current insurance penetration rate stands at 3.42%, far below the global average of 6.2%, says an industry report. ?A 1% rise in insurance pen
Read MoreSebi allows NRIs to hedge currency risk
Markets regulator Sebi on Wednesday allowed NRIs to access the exchange traded currency derivatives (ETCD) market to hedge currency risk arising out o
Read MoreSebi seeks to ease norms for FPIs to shun P-Note route
The Securities and Exchange Board of India (Sebi) on Wednesday unveiled a discussion paper proposing to ease the entry norms for foreign portfolio inv
Read MoreLoan demand to pick up to 15 per cent in 2017-18
Loan demand in the country is expected to pick up to 15 per cent in 2017-18, from 9.1 per cent in the previous fiscal, as demonetisation shock fades,
Read MoreSAIC to set up fully-owned manufacturing plant
China?s largest automobile manufacturer SAIC Motor on Wednesday, announced its plans to enter India with a fully-owned manufacturing plant. The compan
Read MoreReliance Industries refinances $2.3 bn loans to cut interest cost
Reliance Industries (RIL) refinanced $2.3 billion of syndicate and club loans resulting in substantial interest savings, according to RIL?s Chairman M
Read MoreCabinet Gives In-Principle Approval for Disinvestment of Air India
The cabinet on Wednesday, June 28, cleared disinvestment of debt-laden Air India but the final modalities, including the quantum of stake sale, will b
Read MoreWeaker dollar helps lift gold for second straight day
Gold prices rose on Wednesday as the dollar weakened for a second straight day following a global cyber attack and a delay to U.S. healthcare legislat
Read MoreAlibaba to invest $1 billion more in Lazada to speed up Asian drive
Alibaba Group Holding will invest another $1 billion to raise its stake in online mall Lazada Group SA to 83 per cent, securing control of a fast-gro
Read MoreIrdai defers IndAS execution by 2 yrs
The Insurance Regulatory and Development Authority of India (Irdai) has deferred the implementation of Indian Accounting Standards (IndAS) by a period
Read MoreWhile deal numbers shrink, value of PE flows up marginally in H1 of 2017
At $6.57 billion, private equity flows remained steady during the first six months of 2017, slightly more than $6.54 billion raised in the same period
Read MoreFlipkart takes time to unveil Snapdeal offer
Even as time runs out for the closure of the biggest consolidation in the history of Indian e-commerce sector, online marketplace Flipkart is yet to c
Read MoreAadhaar-PAN linking mandatory from 1 July, govt notifies rules
Individuals having permanent account number (PAN) will have to link it to their existing Aadhaar number from 1 July, a finance ministry notification s
Read MoreFinMin starts notifying provisions of GST acts, amends rules
With two days left for roll out of GST, the Finance Ministry has started notifying various provisions of law relating to interest calculation, input t
Read MoreUS President Donald Trump looks to increase energy exports to India.
US plans to export more natural gas, clean coal and renewable resources and technologies to India to fuel the country?s growing energy demand and stre
Read MoreNITI Aayog Proposes Break Up Of Coal India Into 7 Companies
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government's policy
Read MoreAmazon.in launches Sixth Fulfilment Centre in Mumbai
Online retail giant Amazon.in today announced the launch of its sixth fulfilment Centre (FC) for Mumbai, and its eighth in Maharashtra. The new fulfil
Read MoreGST effect: Coke to hike fizzy drink prices, cut that of Kinley
Beverages major Coca-Cola India today announced hiking prices of its aerated beverages while reducing that of packaged drinking water brand Kinley on
Read MoreWill continue focus on India?s premium smartphone market: OnePlus
Chinese handset maker OnePlus will continue to focus on the premium handset market in India, a segment that is dominated by Samsung and Apple, to driv
Read MoreEmerging market borrowing spree lifts global debt to record $217 trillion - IIF.
Global debt levels have surged to a record $217 trillion, driven by a $3 trillion borrowing spree in the developing world, the Institute of Internatio
Read MoreAadhaar-PAN linking must from July 1, govt notifies rules.
Come July 1 and the government's new measure to check tax evasion through multiple pan cards will come into effect. The new step is linking of aadha
Read MoreIndia, US vow to strengthen economic ties, resolve differences.
Prime Minister Narendra Modi and President Donald Trump today agreed to strengthen the Indo-US economic partnership in a way that results in a win-win
Read MoreAadhaar Payments Bridge: DBT disbursements jump 132% to Rs 3, 424 cr
Disbursements via the c (DBT) channel were at Rs 6,587 crore in May 2017, only moderately higher than in the corresponding month a year ago, but there
Read MorePlans afoot for five cruise terminals worth Rs 1500cr: Nitin Gadkari.
The government will invest Rs 1,500 crore to develop five cruise terminals in the country, shipping and roads minister Nitin Gadkari said on Tuesday.G
Read MoreWith 3 days to go, government sets up special war room to deal with GST queries.
With days to go before India launches its biggest tax reform in decades on July 1, the government is trying to ensure that doubts arising over the goo
Read MoreGST spawns Rs 20,000 crore business for tax, tech consultants.
For decades, Sugal & Damani Group focused on lotteries before it entered the online bill payment business with Payworld.Now, it has become a GST servi
Read MoreBonds drop, call rates maintain steady.
Government bonds (G-Secs) dropped further on heavy selling pressure from banks and corporates.While, Interbank call money rates maintained steady as d
Read MoreU.K. Banks Brace for $14.5 Billion Capital Demand From BOE.
The Bank of England plans to increase capital requirements for U.K. lenders by 11.4 billion pounds ($14.5 billion) to tackle risks posed by the recent
Read MoreIMF Cuts U.S. Outlook, Calls Trump's Growth Target Unlikely.
The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump?s plans to cut taxes and boost in
Read MoreGold prices shine on global cues, jewellers' buying.
Gold prices went up by Rs 60 to Rs 29,160 per ten grams at the bullion market today, tracking a firm trend overseas and fresh buying by local jeweller
Read MoreDena Bank plans to raise Rs 1,800 cr via QIP.
Public sector lender Dena Bank plans to raise up to Rs. 1,800 crore through a qualified institutional placement.At its annual general meeting held tod
Read MoreIndia Inc's foreign borrowings at $1 bn in May.
Indian industry borrowed USD 1.05 billion from foreign markets last month, including through rupee denominated bonds (RDBs).In contrast, the borrowing
Read MoreHome loans: Housing loan growth slows in March; here is why
Home loans disbursed by banks, housing finance companies (HFCs) and other non-banking financial companies (NBFCs) stood at Rs 14.4 lakh crore at the e
Read MoreCorporate bond issuance expected to see spurt as yields fall.
India?s corporate bond market is likely to see a flurry of issuance over the next few weeks as the sharp fall in the coupon rate is expected to enthus
Read MoreDhoot Transmission Buys Scottish Firm TFC Cable For Rs 100 Crore.
Third largest electric component maker for auto sector Dhoot Transmission has agreed to acquire 100 per cent equity in Scotland-based TFC Cable Assemb
Read MoreAfter rough ride, Grofers takes a turn for better as revenues touch Rs 11.7 cr.
Hyperlocal-cum-e-grocers Grofers had a topsy-turvy 2016 during which the Softbank-backed company laid of 10% of its staff and trimmed its operations.
Read MoreSebi tweaks OFS norms to encourage employees' participation
Relaxing its offer-for-sale (OFS) norms, markets regulator Sebi today allowed companies' promoters to sell shares within two weeks from the OFS transa
Read MoreUsed car GST: No levy on sales by individuals, says Hasmukh Adhia.
The sale of second-hand cars on the vendor platforms will attract goods and services tax (GST) only on the margins made by the dealer, revenue secreta
Read MoreTata Power, Adani Power crisis-Mundra units on offer at Re 1: GUVNL says ready to take 100 pct stake
Gujarat?s state-run power utility GUVNL has expressed its willingness to take ownership of the troubled plants of Tata Power and Adani Power in the st
Read MoreOil up almost 2 pct on weaker dollar, short-covering
Oil prices rose nearly 2 percent and hit a one-week high on Tuesday, boosted by a weaker dollar, short covering and expectations that crude inventorie
Read MoreDiamond prices up by 2-5% in three weeks
Despite weak demand ahead of the new season, rough and polished diamond prices have risen 2-5 per cent across all varieties during the past three week
Read MoreApparel exports may touch $20 bn in FY18 UPWARD LADDER
Apparel exports are set to reach $20 billion in 2017-18, 13 per cent higher than a year ago, on policy support from the government.Apparel exports mov
Read MoreGoogle fined record ?2.4 billion by EU for anti-trust, skewing search results
Google lost its biggest regulatory battle yet, getting a record 2.4 billion-euro ($2.7 billion) fine from European Union enforcers who say the search-
Read MoreChina can control risks, hit 2017 growth target: premier.
China is capable of achieving its full-year growth target and controlling systemic risks despite challenges, Premier Li Keqiang said on Tuesday, addin
Read MoreCement capacity addition slows down on tapering demand, supply glut
Owing to the slowdown in demand and the supply glut faced by the cement industry in recent times, the capacity addition in the sector is expected to s
Read MoreCadila Healthcare aims to double US business to $1 billion in 3 years
Ahmedabad-based pharmaceutical major Cadila Healthcare Ltd (also known as Zydus Cadila), which draws 40 per cent of its revenues from the US market, a
Read MoreNew accounting standard may hit banks' lending to infra, realty firms
The adoption of the new Indian Accounting Standards (IndAS) might compel banks to cut down on the quantum of loans they dole out to companies. IndAS
Read MoreIncome-tax (17th Amendment) Rules, 2017
Publish Date : Tuesday, June 27, 2017
Goods and Services Tax (GST) Council
Goods and Services Tax (GST) Council
Read MoreThe world?s top airline stock is SpiceJet with 124% gain
Two and a half years after SpiceJet Ltd. was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget a
Read MorePiramal Enterprises to raise up to Rs 500 crore via NCDs
The board of diversified group Piramal Enterprises has approved a proposal to raise up to Rs 500 crore through issuance of non-convertible debentures
Read MoreL&T Construction Bags Orders Worth Rs. 2,552 Crore.
A subsidiary of engineering conglomerate Larsen and Toubro (L&T) has secured orders worth Rs. 2,552 crore across business segments.The orders have bee
Read MoreEuro, bond yields rise after Draghi comments on economy
The euro rallied to a nine-day high and bond yields in the single-currency bloc nudged higher on Tuesday after comments form European Central Bank Pre
Read MoreOil up on weaker dollar, supply glut caps gain
Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persis
Read MoreRBI's new diktat could see banks face Rs 50,000 crore blow.
The Reserve Bank of India shocked bank chiefs late on Friday by demanding a steep increase in provisioning requirements for loans being referred to th
Read MoreNatural gas may be included in GST, to benefit ONGC.
The GST Council may decide to include natural gas in the Goods and Services Tax (GST) regime as a measure to provide some relief to the oil and gas se
Read MoreBrazil, China open $20 billion fund for infrastructure, tech projects
A China-sponsored, $20 billion fund is ready to receive investment pitches, the Planning Ministry's foreign affairs secretary, Jorge Arbache, told jou
Read MoreChina industrial profits quicken in May, seen fading as finance costs rise
Profits at China's industrial companies surged 16.7 percent in May from a year earlier, accelerating from 14 percent in April in spite of expectations
Read MoreDebt crisis to hit Australia Aussies may soon be struggling to make ends meet
Australians may soon be struggling to make ends meet. With real wages going backward in the first quarter and the developed world?s highest debt-to-GD
Read MoreTransition provisions under GST regime.
The new levy will replace central taxes including central excise duty, service tax, countervailing duty and state taxes such as value added tax, purch
Read MoreCompanies can avail input tax credit for most business expenses.
Buying cleaning liquids for ?Swachh Bharat? as part of corporate social responsibility or taking a business associate out for lunch, companies will be
Read MoreGST: Relief for Amazon and Flipkart as government defers implementation of a provision.
The government has deferred implementation of a provision that required ecommerce players such as Amazon and Flipkart to deduct tax on payments made t
Read MoreKerala government investing Rs 50,000 crore on infrastructure projects: Thomas Issac.
The Kerala government is investing about Rs 50,000 crore on infrastructure projects this year to enhance job opportunities for the youth, state Financ
Read MoreGlobal survey finds planned exports hitting 18-month high.
Planned exports activity has hit an 18-month high globally, and India is among the countries expecting an increase in exports going forward, says a Gr
Read MoreGST: 10% duty on imported mobile phones to boost 'Make in India.
The government is set to slap a customs duty of at least10% on imported mobile phones under the GST regime as it plans to retain benefits accorded to
Read MoreRs 7 lakh crore to be spent on highways in 5 years.
In the next five years, approximately Rs 7 lakh crore will be spent in building and expanding highways and constructing expressways across the country
Read MoreFed?s Williams Sees Interest Rates Rising as Inflation Moves Up
Federal Reserve policy maker John Williams made the case on Monday for further gradual increases in interest rates, saying he expects inflation to ris
Read MoreFridman's L1 Retail to Buy Holland & Barrett for $2.3 Billion
Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy Britain's Holland & Barrett for 1.77 billion pounds in its first acquisition, bettin
Read MoreRIL to raise Rs 25,000 cr via NCDs to fund expansion
Reliance Industries Ltd (RIL) plans to raise Rs 25,000 crore through privately placed debentures as the energy-to-retail conglomerate seeks to replace
Read MoreFlipkart claws back market share from Amazon until March 2017: Naspers
India's largest e-commerce marketplace Flipkart clawed back market share from rival Amazon, showing steady growth in the nine months to March 2017 imm
Read MoreAirtel plans to launch VoLTE service in Q2
To take on Reliance Jio, Bharti Airtel, the country?s top telecom operator, is working towards launching commercial voice over long-term evolution (Vo
Read MoreScooters capture one-third of two-wheeler market
Scooters have captured more than one-third of the domestic two-wheeler market for the first time in over a decade. A sustained double-digit growth in
Read MoreFinancial year likely to be changed from 2018; Budget in November.
Come 2018 and the financial year in India could commence from January instead of April as the Centre appears set to make the historic transition to en
Read MoreItaly Commits $19 Billion for Veneto Banks in Biggest Rescue
Italy orchestrated its biggest bank rescue on record, committing as much as 17 billion euros ($19 billion) to clean up two failed banks in one of its
Read MoreU.S. core capital goods orders falter unexpectedly in May
New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing se
Read MoreFPIs keep faith in equities, but Indians hunt for gold
Foreign investors have invested about $124 billion in Indian equities over 2008-17 and own large stakes in the country?s best companies, says a report
Read MoreVedanta's dream has just begun; to invest $6-7 billion: Anil Aggarwal
Working on creating a natural resources giant anchored in India, Vedanta's dream has only just begun and it will invest USD 6-7 billion on expanding o
Read MoreONGC aims to start production from Gulf of Kutch basin by 2020
Oil and Natural Gas Corporation (ONGC) plans to start aggressive development campaign in the Gulf of Kutch offshore basin to bring the discoveries to
Read MoreCoal on the rise in China, U.S., India after major 2016 drop
The world?s biggest coal users ? China, the United States and India ? have boosted coal mining in 2017, in an abrupt departure from last year?s record
Read MoreRecord low credit growth: 1,000 cos borrowed Rs 1 lakh cr less in FY17
The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which saw their net loan outstanding decline by a
Read MoreGST rollout: E-retailers get breather from TCS, car renters seek fresh lease of life
Even as car rental companies are hoping for some relief on existing leases, which will suffer from double taxation under the goods and services tax (G
Read MoreCadila Healthcare Board Nod For Up To Fund Raising Up To Rs. 18,500 Crore
Drug firm Cadila Healthcare on Monday said its board has approved raising up to Rs. 18,500 crore through various financial tools, including securities
Read MoreWill not invest in e-commerce space for at least two years: Kishore Biyani
For the Future Group, the Web is a classic case of once bitten, twice shy. The pioneer of organised retailing in India, Future Group CEO Kishore Biyan
Read MoreIndia?s thermal plants may become economically unviable: Analyst
India?s ultra thermal plants, designed to run on foreign coal, may no longer afford to do so economically in the future, says a top financial analyst
Read MoreWith just 4 days left, government defers TDS, TCS under GST to ensure smooth rollout
With just 4-days left for GST rollout, the government has deferred implementation of TDS and TCS provisions as well as exempted from registration smal
Read MoreBank for International Settlements sends warning with Australian household debt at all-time high
In a generally positive outlook on the global economy, the Basel-based bank of central bankers points out the generally high risk in many economics du
Read MoreBIS warns of geopolitical events and four other risks that could undermine global upswing
The organization commonly known as the central bank of central banks said financial markets were confronted by a changing political environment as the
Read MoreChina steel prices rise as government crackdown offsets slow demand
China's steel prices rose on Monday, regaining some lost ground from last week, as investors bet on tighter supplies from government-enforced cutbacks
Read MoreWestern, southern states control over 60 percent of bank credit: RBI
Led by western and southern states of India, bank credit has seen a manifold jump in the past 25 years as total outstanding credit soared to Rs 68,78,
Read MoreFPIs remain bullish, invest $4 billion in capital markets in June
Foreign investors have pumped in a staggering $4 billion in the Indian capital market so far this month on greater clarity on rollout of the new indir
Read MoreBig relief for e-commerce firms: Tax collected at source provision deferred to a later date
The government has said provision relating to tax deducted at source and tax collected at source will kick in only from a date that will be notified l
Read MoreExpert view: GST's impact on inflation - 50% prices untouched, 30% lowered, 20% increased
One of the fears about the Goods and Services Tax (GST), globally, is that consumer prices can stay higher for longer because tax increases are passed
Read MoreUnderstanding GST registrations: For non-residents and importers
Any person doing business or providing services with a taxable turnover of over Rs.20 lakhs is required to mandatory register for GST in India. Beside
Read MoreGST can help households save nearly Rs 5,000 in a year
The month of July, when the Goods and Services Tax (GST) comes into force, will not be much different for Sumitra, 34, a resident of Delhi.When she go
Read MoreCargo traffic at 12 major ports up 6 per cent to 114 million tonnes in April-May
India?s top 12 major ports saw their cargo traffic go up by 5.56 per cent to 113.63 million tonnes (mt) in April-May of 2017-18, riding on the back of
Read MoreFiscal deficits highest in Rajasthan, UP last year
Rajasthan and Uttar Pradesh remain the states with the highest fiscal deficits last year, even as their budget estimates target reductions by 36 per c
Read MoreWorld Bank clears $250-million loan to train India's job seekers
The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill
Read MoreHUG Innovations raises $5 million in series A Funding
HUG Innovations, a technology startup has raised $5 million in Series A Funding at the Live Instant Funding organized at the second edition of The Ind
Read MoreEurope and Japan Near Trade Deal as U.S. Takes Protectionist Path
The European Union and Japan are close to sealing one of the largest trade agreements ever, a deal that could further isolate the United States as Pre
Read MoreIndia?s exposure to US govt securities hit high of USD 124 bn
India increased its holdings of American government securities to USD 124.1 billion at the end of April making it the highest level since July 2016, w
Read MoreEssar Steel eyes 25% market share in auto-grade steel segment
Essar SteelBSE 0.41 % today said it aims to achieve 25 per cent market share in auto-grade steel over the next couple of years through strategic allia
Read MoreNotification No.RBI/2016-17/328
Auction of Government of India Dated Securities
Read MoreBoost for Flipkart, Naspers pumps in $71 mn to take stake up to 16.5 pct
South African technology investor Naspers pumped in an additional $71 million to acquire additional interest in India?s home grown e-commerce firm Fli
Read MoreNotification No.RBI/2016-17/327
Payment of agency commission for government receipts
Read MoreNotification No.RBI/2016-17/326
Recording of Details of Transactions in Passbook/ Statement of Account
Read MoreEPFO may bring 500 small private PF Trusts into its fold
Retirement fund body EPFO may bring 500 private PF trusts within its fold whose EPF accumulations are around Rs 1 crore each, or have up to 20 members
Read MoreNotification No.RBI/2016-17/325
Exclusion of ?The Royal Bank of Scotland N.V.? from the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreGST Network reopens for registration
With barely five days left for the roll-out of the goods and services tax (GST), the GST Network (GSTN), a company that provides information technolog
Read MoreU.K. Turns to Emerging Markets for Trade as Brexit Talks Begin
Britain is turning to the world?s poorest countries to shore up trade as Brexit puts existing deals on an uncertain footing.The government promises im
Read MoreNotification No. 18/2017-Service Tax
Seeks to amend the Rule 7 and & 7B of the Service Tax Rules 1994 so that the return for the period from 01.04.2017 to 30.06.2017 shall be submitted by
Read MoreNotification No.56/2017 Customs (N.T.)
Seeks to amend Notification No. 61/94(NT) - Customs, dated the 21st November, 1994 to declare Kannur International Airport as Customs Airport under su
Read MoreNotification No.55/2017 Customs (N.T.)
Seeks to notify the India - Malaysia Comprehensive Economic Cooperation Agreement (Bilateral Safeguard Measures) Rules, 2017
Read MoreCairn created maze of subsidiaries, taxed Rs 10,247 crore
UK's Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span
Read MoreEESL eyes Rs 6,000-cr turnover in 3 years
State-run Energy Efficiency Services Ltd (EESL) is looking to generate Rs 6,000-crore business and also aiming to retrofit 15,000 state-owned building
Read MoreKIODA to enter India via franchise route, open 300 stores
Malaysia-based Korean concept retail store KIODA plans to open 300 stores in India by 2021 and has tied up with Franchise India which will invest USD
Read MoreValuation of several stocks enters the red zone
A third of the Sensex stocks are currently trading more than one standard deviation (SD) above their 10-year average price-to-earnings (P/E) multiple,
Read MoreFuture Group on expansion spree, to open 15 Central stores
The Future Group will invest Rs. 250-300 crore this fiscal towards opening 15 of its lifestyle departmental store, ?Central?.According to Vishnu Prasa
Read MoreEscape routes shutting down for OPEC
Oil?s back in a bear market and investors remain unmoved by last month?s agreement to prolong supply cuts, leaving Organization of the Petroleum Expor
Read MoreGold reverses higher as dollar eases
Gold price, as expected, fell initially in the past week, to a low of $1,241. However, the US dollar weakening in the later part of the week aided the
Read MoreI-T return gets simpler for salaried individuals
The Income tax return for salaried individuals (having income up to Rs. 50 lakh) just got simpler with the CBDT coming up with a single page form, as
Read MoreGST impact on key sectors
Consumer durables: Margins may expand White goods, including refrigerators, air-conditioners and washing machines, will be taxed at 28 per cent under
Read MoreMFS move ahead of fpis in stock investment.
Domestic mutual funds pumped in over `20,000 crore in the stock market during April-May to take advantage of the rally even as overseas investor expos
Read MoreBlackBerry misses sales forecasts, shares tumble
BlackBerry Ltd (BB.TO) (BBRY.O) posted quarterly revenue that missed analysts' forecasts due to an unexpected sales decline, pushing shares down as mu
Read MorePenalty upto Rs 10,000 to 5 year jail term under GST; here is what you need to avoid
Prime Minister Narendra Modi-led government had decided to roll outthe Goods and Service Tax (GST) from July 1. Which means from the first day of the
Read MoreChina's plan to develop Asian infrastructure could cost trillions, and there's far from enough money right now
China's flagship One Belt, One Road infrastructure program has far from enough financing right now, representatives from Beijing said in New York last
Read MoreBRICS countries reaffirm commitment to implement Paris deal
BRICS countries' environment ministers have reaffirmed their commitment to the implementation of the Paris Climate deal despite the withdrawal of the
Read MoreAn IMF bridge to somewhere for Greece?
The International Monetary Fund has resurrected an old technique?commonly used in the 1980s during the Latin American debt crisis?that would allow Gre
Read MoreChina?s top banking regulator tells banks to push forward with reform
China?s top banking regulator has told banks to reform by tackling China?s ?zombie firms?, control regional housing market bubbles and push forward wi
Read MoreRailways implementing projects worth over Rs 40000 crore in North East
To boost infrastructure development in the Northeast, the Indian Railways has undertaken 20 major projects worth over Rs 40,000 crore in the region. T
Read MoreStates' fiscal deficit soars to Rs 4.93 trillion in FY16
Led by the most populous Uttar Pradesh and the largest Rajasthan, the gross fiscal deficits of all the states kyrocketed to Rs 4,93,360 crore in fisca
Read MoreRBI Increases Scope of Banking Ombudsman
The Reserve Bank of India has widened the scope of its banking ombudsman platform by including issues regarding mis-selling of third-party products, a
Read MoreSEZ Law to be Amended Before Jul 1
Days before the goods and services tax (GST) is rolled out, the government will rush an ordinance to amend the law for special economic zones (SEZ) to
Read MoreSebi clarifies on shares transfer among promoter
Promoter group entities will not be required to make an open offer if there is no change in control of the company due to transfer of shares among the
Read MoreEuro zone businesses end second quarter with slower growth: PMIs
Roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017 following a sudden slowing in the pace of expansion
Read MoreCanada's CIBC completes $5 billion PrivateBancorp buy
Canadian Imperial Bank of Commerce (CM.TO) has completed the $5 billion acquisition of Chicago-based PrivateBancorp PVTB.O, which will help it diversi
Read MoreGold prices shine on global cues, jewellers? buying
Gold prices rose by Rs90 to Rs29,190 per 10 grams at the bullion market on Friday on positive global cues and increased buying by local jewellers.Silv
Read MoreIncentive Schemes For Exporters Will Continue Post GST
The incentive schemes designed for promotion of exports will continue even after the Goods and Services Tax roll out from July 1, while deemed export
Read MoreChina, India, Japan hamper Asia oil demand growth, efforts to balance market
As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to rest
Read MoreEquity MFs see churn; net inflow steady at ~40k cr
While equity mutual funds have seen a robust net inflow of nearly ~40,000 crore in the first five months of 2017, the absolute redemption figure is at
Read MoreInd-AS migration to raise banks' capital need by 30%: SS Mundra
Reserve Bank deputy governor SS Mundra today said migration to Ind-AS accounting is likely to increase banks' provisioning requirements by a hefty 30
Read MoreBonds drop, call rates rule stable
Government bonds (G-Secs) dropped on heavy selling pressure from banks and corporates.While, interbank call money rates remained steady as demand from
Read MoreFlipkart, Snapdeal buyout deal may hit roadblock as Premji objects
India's biggest e-commerce merger deal that will see Flipkart buying out troubled Snapdeal may have hit a roadblock with one of the smaller investors
Read MoreAffordable housing finance space to grow to Rs 6 lakh crore in next five years
The affordable housing finance segment is likely to grow to Rs 6 trillion in size in the next four years from Rs 1.5 trillion now, India Ratings said
Read MoreConcor to invest ?8,000 cr over five years in infra and IT-enabled systems
Container Corporation of India (Concor) will spend ?6,000-8,000 crore over five years to develop infrastructure, buy equipment and strengthen IT-enabl
Read MoreAPSEZ to price $ bonds at 195 bps over US treasury
Adani Ports and Special Economic Zone (APSEZ) is likely to price its dollar-denominated bond issue at 195-200 basis points over the US treasury yield,
Read MoreShoppers Stop, Arvind to Trent, retailers profits shrink in FY17
With online shopping becoming increasingly popular, brick and mortar retailers are having a difficult time. Most top of the line players?Shopper?s Sto
Read MoreJLF to take Bajaj Hindusthan Sugar's loan account to S4A
Bajaj Hindusthan Sugar today said that the Joint Lenders Forum formed by banks have decided to consider restructuring it?s loans under the 'Scheme for
Read MoreTrent Hypermarket plans to set up 200 stores
Trent Hypermarket, a joint venture between Tata group and UK-based Tesco for multi-format grocery retail stores, is planning to set up 200 stores in t
Read MoreDiscoms in Uttar Pradesh project total deficit of 20,618 cr
After a delay of almost six months, the four distribution utilities (discoms) of UP Power Corporation have filed their annual revenue requirement (ARR
Read MoreSmart City Mission gets another 30 cities, proposed investment of Rs 57,393 cr
Minister for urban development and housing & urban poverty alleviation M Venkaiah Naidu on Friday announced a list of 30 cities selected under the Sma
Read MoreGST registrations for e-commerce, new cos to begin on June 25
Ecommerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration.Als
Read MoreRailways get GST relief, exempted from IGST on rolling stock
In further relief to Indian Railways, the goods and services tax (GST) Council has exempted the carrier?s inter-state movement of rolling stock such a
Read MoreForeign exchange reserves in India hit record high of $382 bn, grow 6 pct in 2017
Foreign exchange reserves touched a record high of $381.96 billion as on June 16, compared $381.16 billion in the previous week, the Reserve Bank of I
Read MoreBanks clear Rs 85,000 cr Essar Oil, Rosneft deal, set to lessen Rs 1.17 lakh crore debt burden
In a move that will result in substantial debt reduction for the Essar Group, banks led by State Bank of India (SBI) and ICICI Bank on Friday cleared
Read More[F. No. 1/33/2013-CL-V (Vol.I)]
[F. No. 1/33/2013-CL-V (Vol.I)]
Read MoreReliance Communications Starts Process To Monetise Realty Assets
Billionaire Anil Ambani-led Reliance Communications on Wednesday said it has started the process to monetise its real estate assets in Delhi and Mumba
Read MoreGovt sells 2.5% stake in L&T, raises Rs 4,200 crore
The government on Wednesday sold its 2.5 per cent stake in Larsen & Toubro to state-run entities, including SBI and LIC, for about Rs 4,200 crore.The
Read MoreChina's latest company crackdown highlights some of the country's biggest problems
China's banking regulator cranks up the heat China's banking regulator cranks up the heat 8 Hours Ago | 02:11 Chinese authorities are at it again. Th
Read MoreSterling weakness strengthens case for UK rate rise: BOE's Forbes
Bank of England policymaker Kristin Forbes said on Thursday she feared the pound's weakness would have a lasting upward effect on inflation, and that
Read MoreEuro zone businesses end second quarter with slower growth: PMI
Roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017 following a sudden slowing in the pace of expansion
Read MoreHow farm loan waivers can actually benefit the economy
The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from
Read MoreNFSA sops to continue for one more year
The government has decided to retain the generous subsidies being given to two-thirds of the country?s population under the National Food Security Act
Read MoreNagpur to become platform for strengthening Indo-French ties
The city of Nagpur would emerge as a platform for strengthening the Indo-French bilateral ties, a senior official from the European country has said.
Read MoreRailways fears jump from 4 percent to 18 percent in tax rate under GST
The Indian Railways is worried that the tax treatment of work contracts in the goods and services tax (GST) regime would inflate its cost of expansion
Read MoreFMCG companies may not make higher profits on lower GST rates
Lower rates of GST may not necessarily mean higher profits for Indian consumer firms, while the converse is equally true for those selling in limited
Read MoreConsumer-facing firms selling cars, electronics will be GST-ready only by mid-July
Consumer-facing companies selling groceries, medicines, cars and electronics could be ready for the new goods and services tax regime only by mid-July
Read MoreTelecom to banking, most services to be costlier with GST
For some days now, several service providers ? from insurance and banking to telecom and hotels ? have been sending emailers to customers warning of a
Read MoreNotification No. 54/2017
Notification No. 54/2017
Read MoreNotification No. 53/2017
Notification No. 53/2017
Read MoreBanks mull self-regulatory mechanism to prevent diversion of loans
In a bid to put a stop to the malpractice of loan diversion, banks are considering putting in place a self-regulatory mechanism whereby they will allo
Read MoreBond yields rise, call rate slips
Government bonds (G-Secs) slipped on selling pressure from banks and corporates. The 6.79 per cent government security maturing in 2029 declined to ?1
Read MoreNotification No.31/2017-Customs (ADD)
Notification No.30/2017-Customs (ADD)
Read MoreMNCs face the heat from Indian brands in ?natural? personal care segment
At the recently concluded seminar by the Indian Beauty & Hygiene Association, Sandeep Kohli, Executive Director, Personal care, HUL, admitted that ayu
Read MoreEESL firms up massive capex plan of Rs 6,000 cr
Energy Efficiency Services Limited, a super energy service company (ESCO), has sewn up plans for a massive capital expenditure of Rs. 6,000 crore whic
Read MoreRosneft seals $12.9-b deal with Essar
Russian oil giant Rosneft on Thursday said that it has finally closed the $12.9-billion acquisition of Essar group?s oil business. The deal, announced
Read MoreIndia-Australia to boost collaboration in clothing, fashion
India and Australia will intensify cooperation in the field of textiles, clothing, handloom and fashion, with the government approving an agreement be
Read MoreMining industry worried over charges on transfer of captive mining lease
While the mining industry?s demand to exempt the transfer of captive mining leases from the levy of transfer charges is yet to be considered by the go
Read MoreIT sector stares at only 7-8% export growth
Software exports from the country are expected to grow by single digits for a second year in a row.A number of reasons such as automation, slowing bus
Read MoreIndia inks pact with World Bank for co-financing AP power project
India today signed an agreement with the World Bank for co-financing loans worth USD 570 million for 'Power for All' project in Andhra Pradesh.The to
Read MoreFashion Sellers Reel as Amazon Aims at Next Retail Target By Richard Weiss
A week after upending the grocery business, Amazon.com Inc. is taking aim at fashion.The e-commerce giant?s latest service, which lets consumers try o
Read MoreJack Ma's Ant Financial Nearly Doubles Profits Amid Deal Push
Ant Financial, the financial affiliate of Alibaba Group Holding Ltd., almost doubled earnings in fiscal 2017 as it expanded its footprint in wealth ma
Read MoreSilver takes control of Rs 39,000 level, gold weakens
Silver prices wrested control of the Rs 39,000-per kg level again by surging Rs 300 today, highlighting a firm trend overseas and increased offtake by
Read MoreDollar five-year super-cycle is over: Barclays
Rises in US interest rates will probably prop the dollar up over the next 18 months, but its multi-year run higher since 2012 looks to be over, strate
Read MoreRupee dives to 3-week low of 64.59 against dollar
Caught in a downward spiral for the third straight session, the rupee today depreciated by 7 paise to end at a fresh three-week low of 64.59 on steady
Read MorePerpetual bonds of big banks perpetual bonds see rise in secondary market liquidity, spreads fall
Additional tier-I bonds or perpetual bonds of some of the major banks are witnessing increased liquidity in the secondary markets along with a fall in
Read MoreResolve 55 A/Cs in 6 months or face IBC :RBI to banks
The Reserve Bank of India (RBI) has asked banks to resolve 55 high-value cases of bad loans within six months or face the prospect of being directed t
Read MoreIT firm HTC Global buys US-based Ciber for USD 93 million
HTC Global Services, an IT and ITeS firm, today announced the acquisition of Ciber Inc, a US-based global information technology consulting services a
Read MoreEPF members to get housing subsidy of Rs 2.67L via HUDCO tieup
Retirement fund body EPFO today joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up
Read MoreTo salvage debt hit Mundra project, Tata Power offers 51% stake for nominal Re 1 to Gujarat PSU GUVNL
To salvage its debt-laden Mundra power project, pushed to a corner after the Supreme Court in April ruled out compensatory tariff of 40 paise per unit
Read MoreBankruptcy Code: Banks to refer Essar Steel, Electrosteel, Bhushan Steel to NCLT
The fate of three near-bankrupt steel companies ? Essar Steel, Bhushan Steel and Electrosteel Steels ? which together owe lenders nearly `1 lakh crore
Read MoreUS announces $ 7.5 million to advance India?s power grid
Ahead of Prime Minister Narendra Modi?s visit to the US, the Trump administration said today it will spend USD 7.5 million to help advance India?s pow
Read MoreSebi relaxes open offer norms, moves to discourage P-notes
In a move that should facilitate the resolution of stressed assets, the Securities and Exchange Board of India (Sebi) on Wednesday exempted new invest
Read MoreMPC minutes strengthen case for a rate cut: Analysts
Minutes of the RBI meeting in June reveal more flexibility among MPC members and the central bank might deliver a 25 bps rate cut in its August review
Read MoreMinistry of Electronics and Information Technology launches GST portal
The Ministry of Electronics and Information Technology has launched a dedicated webpage to address issues related to Information Technology Services a
Read MoreECB sees solid second-quarter euro zone growth
Economic data points to solid growth in the euro zone in the second quarter and indicates a rebound in global growth after a rough patch, the European
Read MoreJapan government raises economic view, says moderate recovery intact
Japan's government on Thursday raised its overall view of the economy for the first time in six months, reflecting a gradual pick-up in private consum
Read MoreThe man leading Saudi Arabia's overhaul just got more powerful
King Salman on Wednesday published a decree promoting his son, Prince Mohammed bin Salman, to crown prince in place of Prince Mohammed bin Nayaf. It's
Read MoreUK budget deficit narrows in May to ?6.7bn
The deficit in May stood at ?6.7bn, down ?300m compared with the same month last year, the Office for National Statistics said.For the financial year-
Read MoreHaldane expects to vote for rate rise this year
He said leaving a rate hike until too late risks steeper rate rises in the future. Sterling briefly pushed above $1.27 after his comment, having dippe
Read MoreKirloskar acquires La-Gajjar Machineries to foray into electric pump business
Kirlokar Oil Engines Ltd (KOEL) has forayed into pump manufacturing through an acquisition of a majority stake in La-Gajjar Machineries (LGM). KOEL an
Read MoreRetailers need to file single GST return every month: Hasmukh Adhia
Days before the rollout of the landmark GST, the government today sought to dispel the notion that the new tax regime will be cumbersome and complianc
Read MoreWorld steel output jumps to 143 mt in May
World crude steel output in May increased marginally by 2 per cent to 143 million tonnes over the same month last year. World crude steel production w
Read MoreGold rebounds on global cues, jewellers buying; silver flat
Gold prices rebounded by Rs 105 to Rs 29,105 per ten gram at the bullion market today, in line with a firming trend overseas and fresh buying by jewel
Read MoreGrowth in non-food credit at 3-month high
Growth in non-food credit rose to a three-month-high of 6.63% year-on-year during the fortnight ended June 9 from 5.86% in the previous fortnight, acc
Read MoreBanks offer loans linked to external market benchmark
Banks are offering loans linked to external market benchmarks such as government securities or the MIBOR to prevent large corporate customers from mig
Read MoreNCAER pegs FY'18 GDP growth at 7.6% on normal monsoon
Economic think-tank NCAER has revised up its projection for the country's economic growth to 7.6 per cent for the current fiscal, compared with the ea
Read MoreAir Asia India makes Rs 11.92 cr forex gain, cuts losses to Rs 40.49 cr
Air Asia India, the Tata Sons-Air Asia Berhad JV, reduced its net losses by 13.65% y-o-y to Rs40.49 crore during the January-March quarter of 2017 on
Read MoreAll states sans J&K pass SGST Bill to keep date with July 1
All states and Union Territories, barring Jammu and Kashmir, have passed their State GST Act, paving the way for rollout of the Goods and Services Tax
Read MoreCentre forced to cut Rs 40,000 cr expenditure, axe falls on food subsidy
The Centre had to cut expenditure by around Rs40,000 crore from the revised estimate (RE) to nearly achieve its 2016-17 fiscal deficit target (RE) of
Read MoreKarnataka waives Rs 8,165 crore worth farm loans
The Karnataka government on Wednesday waived Rs 8,165 crore worth farm loans. Loans of upto Rs 50,000 per farmer will be written off, the government a
Read MoreSebi eases norms for acquisition of distressed assets of listed companies
Markets regulator Sebi today relaxed takeover norms for acquisition of stressed assets to help the government and the RBI in their efforts to tackle b
Read MoreIndia Invites Russian Defence Firms For Joint Manufacturing
Showcasing India's "path-breaking" initiatives for defence production, Union minister Arun Jaitley on Thursday invited Russian firms to set up joint v
Read MoreFarm loan waivers, Uday bonds to impact state finances: Report
Policies like farm loan waivers are impacting asset quality of the agricultural sector and is also expected to affect state finances adversely, says a
Read MoreIPO fundraising crosses Rs 10,000-crore mark in first 6 months of 2017
The primary markets are going through a buoyant phase, with fundraising through initial public offers (IPO) of equity having crossed Rs 10,000 crore i
Read MoreFIEO sets export target of $325 bn for this fiscal
With exports recording continuous growth, exporters body FIEO expects that the country's merchandise shipments would reach $325 billion this fiscal. F
Read MoreStart-ups can now raise deposits from shareholders
Easing the process of raising funds for start-ups, the ministry of corporate affairs has allowed these companies to raise deposits from their sharehol
Read MoreFederal Bank launches QIP to raise Rs 2000 crore
Federal Bank has launched a qualified institutional placement (QIP) to raise Rs 2000 crore, with an option to increase the amount by Rs 500 crore. The
Read MoreChinese smartphone players squeeze out Indian mobile manufacturers
A rapidly increasing market share of Chinese players and fierce competition have adversely impacted Indian mobile phone manufacturers? business profil
Read MorePVR Cinemas plans to invest Rs 1,000 cr to open 400 screens
PVR Cinemas will invest close to Rs 1,000 crore to open over 400 screen across India by 2020, says Gautam Dutta, Chief Executive Officer, PVR Cinemas.
Read MoreMCA gives ?start-up? a legal definition under Companies Act
The Centre is focused on maintaining the excitement around start-ups, going by the Ministry of Corporate Affairs? (MCA) latest effort to give a leg-up
Read MoreCG Power sells US business to Brazil firm for $37 million
Mumbai-headquartered CG Power and Industrial Solutions, manufacturer of power and distribution transformers and a part of Avantha Group, is selling it
Read MoreFlipkart aims to bag Snapdeal for $400 m
Flipkart?s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is g
Read MoreIn Bonds they Trust, Two Banks Raise Rs 6,500 crore
The debt market has become a hot investment destination, especially for large institutional investors, with two of India?s top private banks raising u
Read MoreEureka Forbes shifts focus to retail to increase sales
Eureka Forbes, India?s leading water purifier maker, is betting on retailers rather than its mainstay direct sales to gain share in an increasingly cr
Read MoreBrexit negotiations: Barnier rules out 'concessions'
The EU's chief negotiator said there would be "substantial" consequences from Brexit after the first round of talks with the UK. Michel Barnier said h
Read MoreGermany's Merkel vows not to give up on US free trade deal
Chancellor Angela Merkel vowed Tuesday to seek a broad agreement on trade at next month's Group of 20 summit and told German business leaders that she
Read MoreEU lawmakers push to widen trade defence against China
EU lawmakers proposed toughening new rules to guard against cheap Chinese imports on Tuesday in a vote exposing a shift to a more guarded stance towar
Read MoreUS current account deficit widens to 2.5 percent of GDP
The U.S. current account deficit widened slightly in the first quarter, as the country imported more crude oil, car parts and supplies for its factori
Read MoreOil prices hit seven-month lows on global oversupply
Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPE
Read MorePE investment shoots up 64% to $963 million in May: Thornton
Private equity investment in May jumped 64 per cent in value terms with deals worth USD 963 million, mainly driven by big ticket investments, says a r
Read MoreReliance Infrastructure unit Reliance Defence signs deal with Serbian firm to manufacture ammunition in India
Reliance Infrastructure (RInfra) promoted Reliance Defence Ammunition has entered into a strategic partnership with Yugoimport of Serbia for ammunitio
Read MoreSpiceJet to buy more planes from Bombardier for shorter routes
Budget airline SpiceJet Ltd plans to buy more Bombardier-made Q400 regional planes, the airline said on Tuesday.The airline said it signed a letter of
Read MoreNote Ban Had Material Impact on Spending, Slowed GDP Growth Significantly: Fitch
Demonetisation of old Rs 500 and 1,000 notes had a ?material impact on spending? as reflected in significant slowing of GDP growth in January-March, F
Read MoreNarendra Modi government set to shut down 5 sick PSUs, PEC, Bharat Wagon, Elgin Mills on list
While strategic sale of profit-making and sick PSUs are yet to gather pace, the Cabinet will likely give its nod for the closure of five more ailing P
Read MoreAndhra Pradesh signs wind power PPAs, does U-turn, wants 25 pct price cut now
Andhra Pradesh?s electricity distribution companies (discoms) signed power purchase agreements (PPAs) with various wind power generators at between Rs
Read MorePass on GST Benefits to Consumers or Get Licence Scrapped
Any business entity that fails to pass on benefits from lower taxes under the goods and services tax (GST) to consumers faces penalties and cancellati
Read MoreGST plays killjoy as clubs, NGOs face higher taxes on fundraisers
Come July and goods and services tax (GST) will play party-pooper to many fundraisers or charity events organised by non-government organisations (NGO
Read MoreNiti Aayog approves Rs 18,000 crore project to increase train speeds
The ambitious Rs 18,000 crore project for increasing train speeds on the Delhi-Mumbai and Delhi-Howrah rail corridors has got the Niti Aayog's approva
Read MoreDaiichi moves court to stop Malvinder and Shivinder Singh from selling Fortis stake
As negotiations between former Ranbaxy promoters Malvinder and Shivinder Singh and Malaysia-based healthcare group IHH Healthcare Bhd reach final stag
Read MoreAmar Remedies heading for liquidation
At a time when the Reserve Bank of India is identifying mega defaulters to initiate bankruptcy proceedings against them, Mumbai-based Amar Remedies BS
Read MoreBanks and Monnet Ispat agree to reorganise company under bankruptcy code
Bankers and Monnet IspatBSE 17.61 % & Energy agreed on Tuesday to reorganise the company under the Insolvency and Bankruptcy Code after it defaulted o
Read MoreBillions Riding on China Stocks Joining MSCI
Foreign investors are betting US index publisher MSCI will finally agree to include China-listed shares in its emerging markets benchmark this week, s
Read MoreAdani Ports to raise at least $500 million by selling dollar bonds
Adani Ports and Special Economic Zone (APSEZ), India?s largest ports operator is planning to raise at least $500 million by selling bonds to global in
Read MoreShortfall in non-tax revenue from telcos will raise FY18 fiscal deficit
The fiscal deficit estimate for 2017-18 is set to rise to 3.35% from present 3.24% of GDP, impacted by Rs 17,780-crore shortfall in non-tax revenue (N
Read MoreJune Car Sales may Slide 8% on GST Concerns
For Indian carmakers, the introduction of the goods and services tax (GST) could be a speed-breaker on the growth highway but the bumpy ride should be
Read MoreMasala bond curbs unlikely to be disruptive
The Reserve Bank of India?s (RBI?s) recent move to align rupee-denominated bonds issuance in line with external commercial borrowing (ECB) will unlike
Read MoreCapital gains tax evasion under CBI scanner
The Central Bureau of Investigation (CBI) is probing if any government officials were involved in misusing stock exchange platforms to benefit from th
Read MoreRetail investors, institutions stare at huge capital losses in 'Big 12'
Close to a million retail shareholders and some top institutions are staring at hundreds of crores in capital losses in large companies marked by the
Read MoreSebi to exempt private equity funds from IPO lock-in
The Securities and Exchange Board of India (Sebi) is planning to exempt private equity (PE) funds from the one-year lock-in requirement in initial pub
Read MoreHousing credit growth slows in 2016-17: ICRA report
Total housing credit growth slowed to 16 per cent in 2016-17 from 19 per cent in 2015-16, with the overall housing credit standing at Rs.14.4 lakh cro
Read MoreIndia to grow 7.4-7.6% in next two financial years: Fitch Ratings
Global rating agency Fitch on Tuesday forecast that India may grow at 7.4 per cent to 7.6 per cent over the next in the next two financial years, aide
Read MoreOver the next decade solar cost will come down by 60 per cent.
As the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an
Read MoreNotification No.18 /2017-Central Excise (N.T.)
Notification No.18 /2017-Central Excise (N.T.)
Read MoreNotification No.17 /2017-Central Excise (N.T.)
Notification No.16 /2017-Central Excise (N.T.)
Read MoreNotification No.16 /2017-Central Excise (N.T.)
Notification No.16 /2017-Central Excise (N.T.)
Read MoreNotification No.RBI/2016-17/324
Auction of Government of India Dated Securities
Read MoreIncome-tax (16th Amendment) Rules, 2017
Publish Date : Friday, June 16, 2017
Notification No. 54 /2017/ F. No. 225/300/2016-ITA
Publish Date : Wednesday, June 21, 2017
Lanco Infratech first from 'Blacklist' to face bankruptcy action
Lanco Infratech BSE - 9.57 %, the power and roads builder, became the first company to face bankruptcy proceedings among the dozen identified by the r
Read MoreGovernment in talks with RBI to defer Basel-III norms for banks
The government is in discussion with the Reserve Bank of India to explore ways to defer the full implementation of international capital norms or Base
Read MoreSBI Macquarie in talks to sell 39 per cent in Ashoka Buildcon Projects to PEs
SBI Macquarie Infrastructure Fund is in talks with global PE funds such as Aion, ISquared Capital and Canadian pension fund CDPQ to sell its 39 per ce
Read MoreDarwinbox gets $4 million in Series A led by Lightspeed
Darwinbox, a human resources software-as-a-service startup, has raised $4 million (about Rs 25 crore) in a series-A round of funding led by Lightspeed
Read MoreMNC hotels stay upbeat despite GST
As per a report in The Economic Times, global hotel chains like Hilton, Hyatt Hotels and Resorts, and Carlson Rezidor said they are committed to their
Read MoreLockheed Martin teams up with Tata to make F-16 Fighters in India
The defence arm of the Tata Group has signed an agreement with American firm Lockheed Martin to produce and export new generation F-16 fighter aircraf
Read MoreI-T Lays Claim to Cairn Dividends as Part of Retro Tax Payment
The income tax department has demanded all dividends due to Cairn Energy Plc from Cairn India (renamed Vedanta Ltd) against part of the Rs 10,247-cror
Read MoreBulls Bank on NPA Solution to Take Sensex to Fresh Peak
The Sensex closed at a record high on Monday led by bank shares as the Reserve Bank of India?s decision to ask lenders to start bankruptcy proceedings
Read MorePM?s office reviews progress of NPA resolution, discusses more measures
The Prime Minister?s Office on Monday held a meeting with senior officials of the ministries of finance and corporate affairs to monitor the progress
Read MoreCabinet nod for setting up Rs 2,000 cr startup fund by next month
The Union Cabinet is expected to approve setting up of a Rs 2,000-crore credit guarantee fund by July-end with a view to provide funding facilities to
Read MoreHere is why GST extended deadline for filing returns
The Goods and Services Tax (GST) Council extended the deadline for filing return for the first two months and allowed a simpler format for the same ci
Read MoreNo departure cards for those flying abroad from July 1
Indians flying abroad will not be required to fill departure cards from next month. However, those going out of the country via rail, seaport and land
Read MoreFewer concerns of GST being inflationary: DBS
There were fewer concerns the Goods and Services Tax rollout in India will be inflationary as most essential goods and services have been exempted fro
Read MoreIMF says Japan needs to stick with fiscal, monetary stimulus
The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks t
Read MoreSteel gets edge in new industrial production indices
The revision of the base year from 2004-05 to 2011-12 which was long overdue has recently been completed and new sets have been released by CSO. Accor
Read MoreGold plunges to nearly 3-week low of Rs 29,100
Gold prices tumbled by Rs 70 to trade at nearly three-week low of Rs 29,100 per 10 gram at the bullion market today amid a weak trend overseas and slu
Read MoreFarm loan waiver may dent India credit growth, says Moody?s unit
Indian loan growth may fall to the lowest level since 1992 as lenders tighten underwriting standards for advances to farmers, after waivers by state g
Read MoreFPIs increasing exposure to less-liquid papers
Foreign portfolio investors (FPIs), who have been large buyers of government bonds since the beginning of the year, are now steadily increasing exposu
Read MorePaytm hogs market share at 68% vs rival Freecharge at 11.4%, Airtel Money at 5.4%
Alibaba-backed payment wallet Paytm grew market share in the six months to April at 67.9% while rival Freecharge had a share of 11.4%, data from resea
Read MoreTractor industry may record volume growth of 10% in FY18:ICRA
The Indian tractor industry is expected to record a volume growth of 9-10 per cent in the current financial year, mainly supported by healthy monsoon,
Read MoreUnbxd raises $12.5 million from Eight Roads, others
Unbxd Inc., a product discovery platform provider for e-commerce firms, has raised $12.5 million in a Series C funding round led by Eight Roads Ventur
Read MoreCairn tax dispute: I-T dept orders recovery of Rs 10K cr
The Income Tax Department has ordered coercive action against Cairn Energy Plc to recover Rs 10,247 crore of retrospective tax after the British oil f
Read MoreCBDT notifies secondary adjustment rule in transfer pricing
The Income Tax Department has come out with rules for operationalising the provisions of secondary adjustment in books of accounts to reflect actual a
Read MoreTamil Nadu assembly passes GST Bill
With 11 days to go for the rollout of the goods and services tax across the country, the Tamil Nadu assembly on Monday passed a Bill for its implement
Read MorePunjab Assembly passes GST Bill unanimously
The Punjab State Goods and Services Tax (GST) Bill, 2017, was passed unanimously by the state Assembly here on Monday. Finance Minister Manpreet Singh
Read MoreITC to venture into new FMCG category every quarter
Diversified conglomerate ITC will be rolling out new product categories every quarter in perishable foods like fruits and vegetables, going forth.?The
Read MoreFinancial stress spreads among Indian companies
The list of financially stressed corporate entities grew longer in 2016-17 despite a general improvement in corporate profitability.Nearly 11 per cent
Read MoreDon't rush for GSTIN; provisional ID will suffice initially: Hasmukh Adhia
Traders and dealers who have not completed their registration process can continue to do their business under the GST regime from July 1 using the pro
Read MoreIDBI Bank to raise up to Rs 5,000 crore
Mumbai-based public sector lender IDBI Bank is seeking shareholders? nod to raise equity capital of up to Rs 5,000 crore through various routes, inclu
Read MorePetrol, diesel price cut for four days in a row; here?s how to check daily rates
The prices of petrol and diesel in metro cities has been cut for four straight days after the implementation of daily price revision mechanism on June
Read MoreSC ruling on Aadhaar-PAN linking & CBDT clarification: Here?s all you need to know
Soon after the Supreme Court of India?s recent ruling on the constitutional validity of Aadhaar-PAN link provision, the Central Board of Direct Taxes
Read MoreStrict timelines, threat of liquidation to limit bad loan resolution: Moody's
Resolution of bad loans under the new Insolvency and Bankruptcy Code (IBC) will be limited because of strict timelines for resolution which may force
Read MoreHow GST will impact your household budget
Goods and services tax (GST) comes into effect from 1 July. ET Wealth analyses the impact on some basic expenses in the household consumption basket.
Read MoreDividend tax to add Rs 740 crore burden on MF investors
Over 46 million equity-linked retail investors in mutual fund industry may be in for a jolt if the government goes ahead with its plans to tax dividen
Read MoreChinese long-term debt looks like the ?buy of the year?, says UBS? Asia bonds chief
Investors are not looking closely enough at the compelling investment opportunities that China's inverted yield curve is throwing up, says UBS' chief
Read MoreComment: Building on our country's strength to drive the economy forward
Scotland enjoys rock solid economic foundations and resources that few comparable nations can match.The Scottish Government has built upon these stren
Read MoreJapan's May exports rise fastest in over two years, set to sustain growth
Japan's exports surged in May by the fastest in more than two years on higher shipments of cars and steel, an encouraging sign that robust global dema
Read MoreHong Kong?s bourse not only lacks new economy stocks, it lags in number of international firms too
Hong Kong Exchanges and Clearing has launched the much awaited consultation paper on the proposal to establish a third board designed to encourage tec
Read MoreUK wealth gap 'widening over past decade' says report
Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation's assets - worth about ?11 trillion.At the oth
Read MoreCentre removes interstate supply charges on solar power projects till December 2019
Solar power projects will be exempted from interstate transmission charges till the end of December 2019, making it feasible to compete with thermal p
Read MoreBMW India grows 8 per cent in 2017, to invest Rs 125 crore
Munich based luxury car maker BMW Group India posted a strong double digit growth in 2016 after two years of decline, and has carried the momentum int
Read MoreNo cheer for OPEC
As if a mini-collapse in oil prices wasn?t bad enough for the Organization of Petroleum Exporting Countries (OPEC), the pattern in which futures contr
Read MoreBrace for short-term growth slowdown post GST rollout
As the July 1 deadline for the rollout of the Goods and Services Tax (GST) nears, uncertainty over the transition has driven businesses across the cou
Read MoreIT spend in Indian banking and securities industry to grow 8.6 per cent in 2017: Gartner
IT spending by banking and securities companies in India will grow 8.6 percent in 2017 to reach $8.9 billion, research and advisory firm Gartner said
Read MoreWhy p-notes are dying a slow death
During the raging bull market of 2007, 50 cents on every dollar of foreign investment in domestic stocks came through offshore derivative instruments
Read MoreIndia Inc's Jan-May deal tally at $35 bn: Grant Thornton
Corporate India announced merger and acquisition deals worth $1.89 billion in May, taking the year to date tally to $35.44 billion driven by big- tick
Read MoreVedanta to set up steel plant in Jharkhand in JV with JSMDC
A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said here today. The Vedanta group an
Read MoreStressed assets open floodgates for insolvency professionals
The Reserve Bank of India?s (RBI?s) move to push 12 large non-performing assets (NPAs) of the banking system into the insolvency process has created a
Read MoreHPCL sets sights on Mangalore Refinery for acquisition
The government decision to go for consolidation among the oil public sector undertakings has fuelled ambitions of at least three of them. Oil and Natu
Read MoreMaruti, Honda drive industry growth in FY18
Domestic sales of passenger vehicles (cars, vans and utility vehicles) and two-wheelers witnessed a healthy growth rate of about 12 per cent and 10 pe
Read MoreBoeing Near $5 Billion in Max 10 Deals With Asian Airlines
Boeing Co. is closing in on about $5 billion in orders from two Asian carriers for its longest-ever 737, people familiar with the matter said.The U.S.
Read MoreGST will not push real estate prices up, feel industry experts
With the implementation of the new tax regime just two weeks away, some real estate developers are asking for full payments for properties, even as th
Read MoreTata Steel drives out of Tata Motors
Reducing cross-holdings among the Tata group companies has been one of the top priorities for N Chandrasekaran since he took charge as chairman on Feb
Read MoreSouth Korea inks $10 bn infra pact
In a major push to the country?s infrastructure sector, India and South Korea recently signed agreement involving $10 billion assistance for infrastru
Read MoreAIIB approves $150 mn equity investment in India
The Asian Infrastructure Investment Bank (AIIB) on Thursday approved its first-ever equity investment, worth $150 million, to catalyze private capital
Read MoreFPIs stay glued to Indian market; invest $3.55 billion in June
Foreign investors have pumped in a staggering USD 3.55 billion in the Indian capital market this month so far due to finalisation of GST rates for bul
Read MoreReliance Jio impact: Telecom sector set to see Rs 17,000 cr revenue disappear
The Department of Telecom (DoT) anticipates that the revenue it earns from the sector will fall by 38% in the current fiscal on account of ?severe fin
Read MoreGST Council meet clears 5 set of rules, defers e-way bill rule, relaxes deadline for filing returns
The GST Council on Sunday made the dreaded anti-profiteering clause more palatable specifying a sunset clause of two years even as it relaxed the dead
Read MoreRoad building: Deal flow ebbs as assets turn unviable even as Rs 25,000 cr investment on the block
While at least a hundred road projects entailing an investment of `25,000 crore are on the block, most of these may not be viable, say industry expert
Read MoreNotification No. 52/2017
Notification No. 52/2017
Read MoreCircular No.20/2017-Customs
Facility for On-line Generation of Rotation Number by Shipping Lines/Agents
Read MoreCircular No.19/2017-Customs
Implementation of Hon'ble Supreme Court's judgement dated 27.10.2015 in CA No.554 of 2006 titled SDGFT V/s Kanak Exports
Read MoreCircular No.18/2017-Customs
Regarding exemption from drawal of samples for the purpose of grant of drawback to the AEO certificate holders
Read MoreNotification No.30/2017-Customs (ADD)
a)Seeks to impose anti-dumping duty on "Clear Float Glass of nominal thickness ranging from 4mm to 12 mm (both inclusiveproduced and exported by M/s T
Read More7 banks miss August deadline to meet 25% public float norm
As discussions on the merger of some public-sector banks (PSBs) pick up pace, seven PSBs, especially United Bank of India, could miss the August deadl
Read MoreTata Motors plans to raise up to Rs 500 cr via NCDs
Tata Motors today said a committee of the board will meet next week to consider raising Rs 500 crore through non-convertible debentures (NCDs). ?The c
Read MoreIndia?s national carrier in foreign hands? Cabinet may allow foreign airlines to bid for Air India
Air India may end up in foreign hands as the government, in its bid to exit the loss-making national carrier, may allow foreign entities to bid for tr
Read MoreDP World, Kazakhstan to build port system for Eurasian corridor
Global operator of marine and inland terminals, DP World today said it has inked two pacts with Kazakhstan for developing a port community system (PCS
Read MoreKotak Mahindra Bank?s stake buy in insurance arm gets CCI nod
The Competition Commission has given its approval for Kotak Mahindra Bank buying out British partner Old Mutual?s 26 per cent stake in former?s life i
Read MoreHousing Finance: Here?s what will reduce capital requirement on home loans
We believe a cut in standard asset provisioning and relaxation of risk weights on new higher ticket loans by RBI is a positive for housing finance seg
Read MoreTata Motors delivers 30 buses to BMTC
Tata Motors today said it has delivered 30 new buses to the Bengaluru Metropolitan Transport Corporation (BMTC). The new delivery is a part of a larg
Read MoreCleanMax Solar bags 2.5 Megawatt order from Indraprastha Power Generation Co Ltd
On-site Solar power producer CleanMax Solar today said it has bagged an order of 2.5 MW from Indraprastha Power Generation Co Ltd (IPGCL). ?CleanMax S
Read MoreLow interest rates not sole cause of South Korea's big household debt
South Korea's new finance chief said rock-bottom interest rates aren't the sole factor behind record household debt, indicating his support for the na
Read MoreGreece gets credit lifeline, IMF joins bailout
Euro zone governments threw Greece another 11th-hour credit lifeline on Thursday worth $9.5 billion and sketched new detail on possible debt relief as
Read MoreWeak inflation erodes conviction at Fed on rate hikes
When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transito
Read MoreFor start-ups, small companies insolvency process slashed from 180 days to 90; Bankruptcy Board notifies provisions
Corporate Persons Regulations, 2017, also states that the adjudicating authority may, if satisfied, extend the period of 90 days by 45 days for the co
Read MoreInflation dipping; time for RBI to lower rates and boost investment
With inflation dipping at a rapid pace, it could be the right time for the Indian central bank to soften its hawkish stand and reduce interest rates .
Read MoreContinuing impact of note ban to cost MFIs dearly, warns report
Lingering impact of the note-ban can lead to significantly higher credit cost, capital erosion and the resultant over-leverage for microlenders in the
Read MoreDigital economy can reach $4 trillion in 4 years: Tech sector to government
Surpassing the government's expectations to make India USD 1-trillion digital economy by 2022, technology companies today said it has potential to gro
Read MoreBank of Japan keeps policy steady, upgrades economic outlook
The Bank of Japan opted Friday to keep its lax monetary policy intact, while noting signs of improvement in the world's third largest economy.A statem
Read MoreAmazon to buy Whole Foods Market in $13.7bn deal
Amazon, the world?s most powerful online retailer, has taken a giant stride into traditional retailing, spending $13.7bn (?10.7bn) to take over organi
Read MoreIn latest sign of crude glut, ageing supertankers used to store unsold oil
Traders are increasingly storing oil in ageing supertankers in Southeast Asia as they grapple with a supply overhang that has left the system clogged
Read MoreIndia's 2017 diesel imports may rise to highest since at least 2011
India's diesel imports this year may rise to the highest since at least 2011 as refiners shut down to upgrade their units to meet new fuel standards a
Read MoreJapanese firm to pick up 26% stake in Wheels India subsidiary
Wheels India Ltd, a TVS Group company, on Friday said Japan-based Topy Industries would pick up a ?minority stake? in its subsidiary firm, Wheels Indi
Read MoreGST to boost companies ad spend; here?s why
The Goods and Services Tax (GST) regime will enable most businesses, particularly traders, to up their advertisement budgets, according to an EY repor
Read MoreIncome tax mop-up begins on strong footing, up 26.2% till date
Net income tax collection till June 15 grew at a healthy 26.2 per cent to Rs 1,01,024 crore from across the country as of June 15 from Rs 80,075 crore
Read MoreCAD expected to be around 1.4% of GDP in 2017: Nomura
India's current account deficit is expected to be around 1.4 per cent of GDP in 2017 compared to 0.6 per cent in 2016, owing to stronger domestic grow
Read MoreNarendra Modi government looks to double digital economy to $1.12 tn
The government will roll out a new electronic policy to boost electronic manufacturing and create an inclusive ecosystem for promoting digital economy
Read MoreGST return filing: Excel sheet format to come on June 25
Just five days before the Goods and Services Tax (GST) is rolled out, GST Network will on June 25 launch an offline excel sheet format for use by trad
Read MoreAadhaar must for opening bank account, transactions of Rs 50,000: government
The government has made Aadhaar mandatory for opening new bank accounts. And existing bank accounts will have to be linked with the biometric identity
Read MoreSwitzerland ratifies auto info sharing with India
Switzerland today ratified automatic exchange of financial account information with India and 40 other jurisdictions to facilitate immediate sharing o
Read MoreAxis Bank cuts MCLR for short-term loans by up to 0.10%
Private sector Axis Bank has cut MCLR rates for short-term tenors in the range of 0.05-0.10 percent with effect from Saturday."Axis Bank, India's thir
Read MoreChina Banks Endure Record Costs as Squeeze Leaves No Choice
China?s smaller banks, caught between a seasonal cash squeeze and an official deleveraging drive, are stomaching record high borrowing costs to raise
Read MoreKotak Bank cuts base rate by 10 bps
Kotak Mahindra Bank has cut its base rate by 10 basis points to 9.20 per cent, effective Wednesday, according to the lender?s website. The lender had
Read MoreRussian central bank prunes rate
Russia?s central bank on Friday decreased its key interest rate to 9 per cent from 9.25 per cent in line with its policy to gently invigorate the coun
Read MoreGold import rebounds, again
The value of India?s gold demand in the first two months of the current fiscal year exceeded its total imports in the first six months of 2016-17, whe
Read MoreGST: What will happen to your wallet when using credit cards at petrol pumps?
Now that the Goods and Services Tax (GST) implementation date is round the corner, there is anxiety among consumers as to how this indirect tax regime
Read MoreFPIs show partial interest in bonds amid rate cut hopes
Overseas funds eyeing sovereign bonds in India have bought more investment headroom after about six months, although the lack of bids for the full qua
Read MoreIncome-tax (15th Amendment) Rules, 2017
Publish Date : Thursday, June 15, 2017
Notification No.15 /2017-Central Excise (N.T.)
Seeks to amend Cenvat Credit Rules,2004 to allow un-availed CENVAT Credit in respect of services provided by the Government, local authority or any ot
Read MoreNotification No.14 /2017-Central Excise (N.T.)
Delegation of powers for the purpose of assignment of adjudication of show cause notices
Read MoreNotification No.13 /2017-Central Excise (N.T.)
Territorial Jurisdiction of Principal Chief Commissioners/Chief Commissioners, Principal Commissioners/Commissioners, Commissioner (Appeals), Commissi
Read MoreNotification No.12 /2017-Central Excise (N.T.)
Appointment of Central Excise officers and vesting them with powers under Central Excise Act 1944 and under Chapter V of Finance Act 1994
Read MoreNotification No.29/2017-Customs (ADD)
Seeks to impose anti-dumping duty on "Soluble Salt Double Charge, GVT and PGVT, Porcelain/ Vitrified Tiles with less than 3% water absorption and All
Read MoreNotification No.28/2017-Customs (ADD)
Seeks to impose ADD on the imports of "Hydrogen Peroxide" originating in or exported from Bangladesh, Taiwan, Korea RP, Pakistan and Thailand for a pe
Read MoreNotification No.54/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No.53/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 16th June, 2017
Read MoreRBI's Deputy Governor says state-run lenders may need more capital
Reserve Bank of India Deputy Governor S S Mundra said on Friday state-run lenders may need more capital beyond the budgeted total allocation of 700 bi
Read MoreGST Impact: What happens to auto loans from July 1
Affordable and accessible auto loans have been one of the biggest contributors to the growth on vehicle sales in the country, but with the introductio
Read MoreTesco reports strongest UK sales growth for seven years
Tesco, Britain's biggest retailer, reported its strongest quarterly sales performance for its home market in seven years on Friday as it navigated an
Read MoreBank of Japan keeps monetary policy steady, sets upbeat tone on economy
The Bank of Japan held monetary policy steady in its June board review, pledging to keep asset purchases around the current target of 80 trillion yen
Read MoreEurozone ministers strike deal to release funds to Greece
The bailout fund will disburse 8.5bn euros (?7.4bn) to Greece, eurozone ministers said in a statement.The latest tranche of the international bailout
Read MoreIMF takes 'unusual' steps for Greece
By promising Thursday to approve a new aid plan for Greece, but without releasing any money, the IMF has again departed from its usual procedures to s
Read MoreNotification No.RBI/2016-17/323
Formation of a new district in the State of West Bengal - Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2016-17/322
Period for Submission of Agency Commission Claims
Read MoreNotification No.RBI/2016-17/321
Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies ? INFOMERICS
Read MoreGlobal stocks slip with tech, energy; dollar hits two-week highs
Stock indexes around the world fell on Thursday as technology shares resumed their recent sell-off, while the prospect of tighter monetary policy in t
Read MoreHere's the Fed's plan to unwind its massive $4.5 trillion balance sheet
During the financial crisis, the Federal Reserve built up a store of roughly $4.5 trillion in Treasurys and other assets, like mortgage backed securit
Read MorePenalty of up to Rs1 crore for listed firms for non-compliance of norms: Sebi
The Securities and Exchange Board of India (Sebi) on Thursday asked stock exchanges to impose a fine of Rs20,000 per day on any company that delays th
Read MoreRuPay credit cards likely to be rolled out in a month: NPCI
National Payments Corporation of India (NPCI) hopes to do a full-fledged commercial launch of its RuPay credit cards in a month?s time.The nodal agenc
Read MoreRINL to spend Rs.4,000 cr on capacity expansion
The Visakhapatnam steel plant - Rashtriya Ispat Nigam Limited - is undertaking modernisation and revamping of its existing facilities to add one milli
Read MoreIndia said to plan gold policy overhaul for $19-bn sector
India, which vies with China as the world?s top consumer of bullion, is working on new policies to improve transparency and help expand its $19-billio
Read MoreApril, May show pick-up in steel consumption
Steel consumption has picked up marginally in the first two months of the financial year.According to the Joint Plant Committee data, the consumption
Read MoreKarnataka passes GST Bill
The Karnataka legislative assembly on Thursday unanimously passed the Goods and Services Tax (GST) Bill 2017, fulfilling its obligation under the cons
Read MoreCanara Bank to raise Rs 3,500 cr in equity
Government-owned Canara Bank plans to raise up to Rs 6,300 crore, including equity up to Rs 3,500 crore, for business and regulatory requirements.Its
Read MoreTata Motors to raise Rs 1,600 cr for 30% stake in Tata Technologies
The country's biggest automobile maker by revenue, Tata Motors will get about Rs 1,600 crore from the sale of its 30 per cent stake in IT company Tata
Read MoreAd spend growing in double digits
Disruptions such as demonetisation and the goods and services tax (GST) roll-out are hardly going to affect advertisement budgets in the country, acco
Read MorePetrol price cut by Rs 1.12 per litre, diesel Rs 1.24 per litre from June 16 as daily revision kicks in
India?s oil marketing companies cut petrol price by Rs 1.12 per litre and that of diesel by Rs 1.24 litre with effect from the morning of June 16, a d
Read MoreTrade deficit widens to 30-month high in May at $13.8 bn
Country's trade deficit further widened to $13.84 billion in May, its highest in two-and-a-half years, on higher gold imports, government data showed
Read MoreFPIs bid for G-Sec investment limits worth Rs 16,708 crore
Foreign portfolio investors have bid for investment limits in Indian government securities worth Rs 16,708 crore in the debt investment limit auction,
Read MoreUS factory output fell 0.4 pct. in May as car sales slump
U.S. factory output fell last month as manufacturers cranked out fewer cars, computers and semiconductors, a sign that economic growth remains sluggis
Read MoreChina stands pat on interest rates this time despite Fed hike
China's central bank left interest rates for open market operations unchanged on Thursday, despite its US counterpart increasing its key policy rate o
Read MoreOil hits six-week low as Opec fails to curb oversupply
Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about Opec's ability to implement agreed produ
Read MoreMF investor base grows 19 lakh in Apr-May to record 5.72 cr
Mutual fund houses added close to 19 lakh investor accounts in April-May of 2017-18, taking the total tally to a record 5.72 crore, driven by growing
Read MoreSebi issues norms to check non-compliance of disclosure rules
Putting in place a stronger mechanism to check non-compliance of disclosure regulations, Sebi today announced the imposition of a penalty of up to Rs
Read MoreRBI likely to step up forex buying; rate cut on cards: BofAML
The Reserve Bank is expected to step up forex buying and may go for 25 basis points cut in interest rate on August 2, says a report. According to the
Read MoreAscendas-Singbridge & Firstspace JV to invest $500 m in warehouse facility
Temasek Holdings and JTC Corporation jointly-owned Ascendas-Singbridge Group and Firstspace Realty have agreed to form a joint venture platform to dev
Read MoreAmul FY17 sales jump 17.5% to Rs 27,043 cr
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, has clocked a turnover of
Read MoreFlipkart-eBay merger gets CCI nod
The merger between homegrown e-commerce major Flipkart and eBay India has been approved by the Competition Commission of India (CCI).On 15 June, the C
Read MoreAIIB grants $150 mn loan for India Infrastructure Fund
China-led Asian Infrastructure Investment Bank has approved $150 million equity investment loan to the India Infrastructure Fund, the bank?s first suc
Read MoreExports up 8% at 24 billion in May; trade deficit widens to $14 billion
India?s exports grew by 8.32 per cent to $ 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, enginee
Read MoreCAD at 0.6% of GDP in Q4, 0.7% for FY17
The current account deficit increased to $3.45 billion, or 0.6% of the gross domestic product (GDP) for the fourth quarter of FY17 from 0.1% of the GD
Read MoreIndia Inc's Overseas Investment Drops 56% in May
India Inc's foreign investment witnessed a sharp 56 percent decline at USD 1.26 billion in May this year.Indian companies had invested USD 2.84 billio
Read MoreRIL-BP to reboot field development in KG-D6, pump in Rs 40K-cr
In the first major private investment in the last few years, Reliance Industries and its partner, BP plc of UK, today announced a Rs 40,000 crore inve
Read MoreInternational markets roundup
A slide in technology stocks has pulled the Nasdaq Composite down while the S&P 500 has ended slightly lower, as investors worry about the pace of eco
Read MoreMore Women in Workforce Would Add Trillions to World Economy
A new report by the International Labor Organization (ILO) says getting more women into the world labor market would add trillions of dollars to the g
Read MoreUS agrees $12 billion jet deal with Qatar
The US has agreed to sell $12 billion worth of American F-15 fighters to Qatar amid an ongoing diplomatic crisis between Doha and the neighbouring Gul
Read MoreUber becomes a cautionary tale for startups
Uber unveiled sweeping recommendations on Tuesday following a months-long investigation into its corporate culture. At the same time, CEO Travis Kalan
Read MoreRetail sales fall in May as prices rise
The Office for National Statistics said the quantity of goods bought between April and May fell by 1.2%, which was worse than economists had expected.
Read MoreLodha Group plans to grow its UK business, eyes more projects
Realty developer Lodha Group is looking to grow its business in the London property market by acquiring more development projects in the city as the M
Read MorePE firms, NBFCs find investment opportunity in affordable housing
Private equity and non-banking financial companies are looking afresh at affordable housing thanks to the government?s thrust on the segment and the r
Read MoreEquity Market Deals May Hit Record $20b
Bankers expect equity capital market deals worth a record $20 billion (.`1.3 lakh crore) to be struck this financial year, including partial privatisa
Read MoreTata Global to take premium route to make Tetley a billion-dollar brand
Tea and beverage maker Tata Global Beverages Ltd (TGBL), a part of the diversified conglomerate the Tata Group, is on a premiumisation drive and expec
Read MoreData Traffic per smartphone user in India to reach 11 GB per month By 2022
Ericsson in its Mobility Report 2017 released today has reported key trends and forecasts on mobile traffic, subscriptions, consumer behavior and tech
Read MoreRBI identifying defaulters for insolvency can hurt banks? balance sheets
Empowered by the new NPA ordinance, the RBI on Tuesday went into fire-fighting mode, identifying 12 big defaulters for insolvency. The RBI?s Internal
Read MorePetrol, diesel price will be revised at 6 a.m. every day from Friday
From June 16, petrol and diesel prices will be revised every morning. The prices till now were being revised fortnightly at midnight.Briefing reporter
Read MoreAhead of GST rollout, producers, traders feel taxed
Recently, pharmacists in many cities sent out mailers to some of their regular clients, especially senior citizens. Stock up on your essential drugs,
Read MoreIndia, South Korea agree to more investments, fight protectionism
India and Korea on Wednesday decided to stimulate investments to push infrastructure development and bilateral trade as they sought to ward off threat
Read MoreGST bonanza: Electronics, lifestyle goods get cheaper
If you have been bitten by the shopping bug, you can?t be blamed. Well, at least, not this year. After all, it is not often that retail stores offer s
Read More$2.9-billion G-Secs to be auctioned for FPIs today
Investment limits worth Rs 18,437 crore ($2.9 billion) in government securities (G-Secs) meant for foreign portfolio investors (FPIs) will be auctione
Read MoreIMF Lifts China Growth Estimate to 6.7% in Second Rise This Year
The International Monetary Fund raised its growth estimate for China for the second time this year while also cautioning that deep reforms are still n
Read MoreFed Raises Rates, Maintains Forecast for One More Hike
Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over we
Read MoreIOC, BPCL, HPCL sign agreement to set up India's biggest refinery at Rs 2 lakh crore
Centre-owned oil firms IOC, BPCL and HPCL today signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra at
Read MoreE-commerce enabler Shopmatic raises $5.7 mn in Series A round
Singapore-based e-commerce enabler Shopmatic has raised $5.7 million (Rs 37 crore) in its Series A round of funding from ACP Pte Ltd, a technology-foc
Read MoreChajjhed Foods raises $4.65 mn
Snacks maker Chajjhed Foods has raised about ~30 crore ($4.65 million) from venture capital firm GVFL Ltd. Chajjhed Foods, which was founded in 1979,
Read MoreWorst over, funding crunch eases for start-ups
Fundraising scenario could be easing for start-ups. If you leave out the year 2015, which was an aberration, fundraising could be returning to levels
Read MoreSonalika scales capacity to produce 300,000 tractors
Tractor maker Sonalika has scaled up its capacity to 300,000 units with the inauguration of a 200,000-unit plant at its existing site in Punjab?s Hosh
Read MoreAirtel pips Reliance Jio in active subscriber additions in April
Reliance Jio has begun to witness a slowdown in active subscriber additions. For the first time since September, when Jio stormed into the market, Bha
Read MoreBosch lines up Rs 900 crore capex for FY18
Auto components major Bosch has lined up capex of over Rs 900 crore for this fiscal with plans to invest in developing future technologies, including
Read MoreBoB, Canara may lead round 2 of bank mergers
Bank of Baroda and Canara Bank could acquire smaller banks like Dena Bank, Vijaya Bank, UCO Bank, Union Bank of India and United Bank of India, offici
Read MoreGST rollout: Morbi ceramic industry stares at losses
The ceramic industry of Morbi is staring at a business slowdown in the wake of the imposition of the proposed 28% rate of the goods and services tax (
Read MoreOil supply growth to outpace rise in consumption in 2018 - IEA
Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 million barrels per
Read MorePrivate life insurance companies drive industry?s growth in May
The life insurance industry maintained growth in May, with private players saw the annual premium equivalent (APE) increasing 38% year-on-year. Life I
Read MoreGulf Petrochem?s GP Petroleum to acquire lubricant plants in South India, says GST set to have positive impact on personal mobility
GP Petroleums, part of $3 billion UAE-based conglomerate Gulf Petrochem, is looking at inorganic growth opportunities in the short term as the company
Read MoreBharat Financial to roll out 2 lakh kirana points in 16 states
Bharat Financial Inclusion (earlier known as SKS Microfinance) is planning to rollout two lakh kirana points across its network in 16 states in partne
Read MoreEngineering exports to Doha hit by sanctions on Qatar
India?s engineering exports to Doha have been hit following sanctions imposed on Qatar by some nations including Saudi Arabia, EEPC India said today.?
Read MoreAndhra Pradesh clears six investment proposals worth Rs3,808 crore
The State Investment Promotion Board (SIPB) headed by Andhra Pradesh chief minister N. Chandrababu Naidu on Tuesday cleared six investment proposals w
Read MoreGST registration for biz to reopen on June 25 as 1st deadline ends tomorrow
If you have not been able to register for the Goods and Services Tax Network (GSTN) within the deadline ending tomorrow, do not panic! There's one mor
Read MoreIntel announces Rs 1100 crore investment to advance its R&D & innovation in Bengaluru
Intel today announced that it will invest over Rs.1100 crore to expand its R&D presence and build a new state-of-the-art design house in India. The pr
Read MoreInflation loses bite: May WPI down at 2.17% on cheaper veggies
Cheaper vegetables, along with pulses and meat, dragged down wholesale inflation for May to a five-month low of 2.17 per cent, putting pressure on the
Read MoreRBI puts Central Bank of India under 'corrective action' as bad loans surge
The Reserve Bank of India has initiated "prompt corrective action" (PCA) for state-run Central Bank of India (CBI.NS) over high bad loans and negative
Read MoreBanks referred only Rs 1400 cr defaults before Insolvency and Bankruptcy Code
Of the 81 default cases admitted by the National Company Law Tribunal (NCLT) up to May 18 for resolution under the Insolvency and Bankruptcy Code (IBC
Read MoreDebt-hit stocks sink on markets after investors get spooked by RBI move to clear liquidation of a clutch of companies
Stocks of over-leveraged firms tumbled on the bourses on Wednesday with investors spooked by the Reserve Bank of India?s (RBI) decision to allow a clu
Read MoreNarendra Modi cabinet extends interest subsidy; Will apply to loans up to Rs 3 lakh
While the Centre has made it clear that the states announcing farm loan waivers will have to do so from their own resources, it on Wednesday sought to
Read MoreMobile operators face 10% Customs duty on 4G equipment import
Import of 4G telecom equipment by mobile telephony service providers will attract a 10 per cent basic Customs duty, a move that will impact firms inve
Read MoreIntel investing Rs 1,100 crore in India afresh
World?s leading chip maker Intel Corporation is investing Rs 1,100 crore ($170 million) in India to set up a new Research and Development (R&D) centre
Read MoreWe?re aiming Rs 2,000 cr turnover in India this year: Panasonic
Riding on a robust distribution network that takes care of 80 per cent of its smartphone business in India, Japanese technology firm Panasonic aims to
Read MoreWipro Acquires 26% Stake In This IT Consulting Firm
The country's third largest software services firm Wipro has invested $809,690 (about Rs. 5.12 crore) in management and IT consulting firm Drivestream
Read MoreEconomists raise 2017 Singapore growth forecast, central bank survey shows
Economists raised their forecasts for Singapore's growth this year, compared to three months ago, as they upgraded their views on manufacturing and ba
Read MoreChina's economy holds up in May but slowing investment points to cooling
China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced vi
Read MorePrivate PF trusts can't invest funds in own entities: EPFO
Retirement fund body EPFO has asked its field offices to ensure that the firms running private PF trusts are not investing the accumulated provident f
Read MoreMarissa Mayer Resigns as CEO as Verizon Seals $4.5B Yahoo Purchase
Verizon Communications Inc. is finally getting Yahoo's internet services, giving the telecommunications giant access to hundreds of millions of users,
Read MorePrices can be contained under GST regime: TN Minister
Tamil Nadu Finance Minister D Jayakumar is confident that with the GST rollout next month, prices of essential commodities can be reined in and the st
Read MoreMutual funds? assets under management decline despite record inflow into equity
The assets under mutual fund management have fallen for the first time in several months to Rs.19.04 lakh crore in May from Rs.19.26 lakh crore record
Read MoreSBI keen to take card arm public over the medium term
State Bank of India, the country?s largest bank, plans to take its credit card venture SBI Card, public over the medium term, a top official said. SB
Read MoreGST to have negative impact on oil and gas industry
The Goods and Services Tax (GST) will adversely affect the oil and gas industry as the sector will have to comply with both the current tax regime and
Read MoreIndia ratifies two child labour conventions
India on Tuesday ratified two key core conventions on child labour at the International Labour Conference in Geneva, a step towards complete prohibiti
Read MoreImpact of demonetisation on real estate recedes
By all accounts, the cash-intensive real estate sector was badly hit by demonetisation. Sales plummeted as buyers postponed making decisions. But, is
Read MorePrivate insurers' individual, group single premiums for May 2017 see a drop
Private life insurers reported a slump in premiums earned in both individual single premium and group single premium categories on a month-on-month (m
Read MoreBonds rise on rate cut hopes
Bonds rallied on Tuesday, as chances of a rate cut by the Reserve Bank of India (RBI) strengthened after the soft inflation print on Monday.Retail inf
Read MoreCooling food inflation to pull June CPI to sub-2%: BofAML
Falling food inflation is expected to pull June CPI inflation to the sub-2 per cent level and may prompt the Reserve Bank to go in for a 25 bps rate c
Read MorePaytm to flex offline muscle
Paytm Mall, the e-commerce arm of Vijay Shekhar Sharma-led One97 Communications, is banking on its offline network of merchants to fight bigger rivals
Read MoreSebi to ease entry norms for FPIs
The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. The Securities and Exchange B
Read MoreBritish inflation rate rises to 4-year high as Brexit bites
The inflation rate in Britain has risen to its highest level in four years, as the drop in the pound since the Brexit vote pushes up the cost of livin
Read MoreFed set to raise interest rates, give more detail on balance sheet wind-down
The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more
Read MoreUS Treasury unveils financial reforms, critics attack
The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country's financial regulatory framework, which, if successful, would gra
Read MoreOPEC sees oil market rebalancing at slower pace, says output rises
OPEC said on Tuesday a long-awaited rebalancing of the oil market was under way at a "slower pace" and reported that its own output in May jumped due
Read MoreGold recovers on jewellers' buying; silver remains weak
Snapping its four-day losing streak, gold prices recovered by Rs 20 to Rs 29,320 per 10 grams at the bullion market today on scattered buying by local
Read MoreRBI Examining Relaxing Bad Loan Classification Limit Beyond 90 Days For SMEs
The Reserve Bank of India (RBI) is looking into a request to extend the classification period for non-performing assets (NPAs) to help small and mediu
Read MorePublic sector lenders step up bond purchases
The recent rally in the Indian bond market could be short-lived in the near-term as the market has priced in a 25 basis point cut in the central bank?
Read MorePE/VC investments hit 10-year high at $3.1 bn in May
Private equity and venture capital (PE/VC) investments have recorded the highest monthly investments in the past 10 years at $3.1 billion in May 2017.
Read MoreMetro Cash & Carry plans to increase stores to 50 by 2020
The Indian subsidiary of German organised wholesale giant, Metro Cash & Carry looks to increase its stores from the existing 24 to 50 by the year 2020
Read MoreSwedish cos bet on India, up investment
Swedish companies in India are finding business climate favourable than ever before and they have kept their commitments regarding investments in Indi
Read MoreRs 27,000 cr flexi-staffing industry to benefit from GST; here?s why
The implementation of the goods and services tax (GST) will usher in positive changes in the Rs 27,000-crore flexi-staffing industry, as it is expecte
Read MoreRailways gets partial relief, GST Council exempts inter-state movement from IGST
Providing partial relief to the Indian Railways and a few other transport operators, the Goods and Services Tax (GST) Council has decided to put certa
Read MoreGovt halves import duty on some steel grades
The government has halved import duty on certain grades of steel to 5 per cent with a view to cut cost of raw material for domestic industry.The Centr
Read MoreBSNL seeks 4G spectrum, MTNL up to Rs 10K crore in capital
On the second day of the government-appointed inter-ministerial meeting to assess stress in the telecom sector, state-owned BSNL and MTNL presented th
Read MoreInfrastructure road block: Rs 18,000 cr of highways projects slip behind schedule; lack of clearances blamed
As many as 22 road projects worth Rs 18,300 crore, awarded between July 2015 and October 2016, have slipped behind schedule. Spanning 1,239 km, these
Read MoreSebi permits options trading in commodity futures
The Securities and Exchange Board of India (Sebi) on Tuesday laid out rules for the introduction of commodity options. The regulator said it would all
Read MoreAmazon said to be in talks to buy BigBasket
Amazon.com Inc. is in preliminary talks to buy the online grocery site BigBasket, as the American e-commerce firm steps up efforts to gain ground in t
Read MoreElectricity consumption in India: power demand to rise 7% CAGR in 5 year
Electricity consumption (demand) in the country will grow at 7.1% (CAGR) between FY17 and FY22 and then slow to 6% in the subsequent five years, accor
Read MoreIndia stays bright spot, retains top slot
For the second year in a row, India topped cross-border capital (greenfield) investments in 2016 with $62.3 billion of FDI projects, according to fDi
Read MoreRBI says 12 accounts with 25% of bank bad loans identified for bankruptcy proceedings
The Reserve Bank of India (RBI) on Tuesday said 12 accounts representing about 25% of the gross bad loans in the banking system would be eligible for
Read MoreAdani Group commissions 50 mw solar photovoltaic plant in Uttar Pradesh
The Adani group today announced the commissioning of a 50 mw solar photovoltaic (PV) plant in Mahoba in Uttar Pradesh under the National Solar Mission
Read MoreCoal India to supply domestic fuel to non-power consumers
State-owned Coal India will continue to offer domestic coal to non-power sectors in lieu of 50 per cent of the import component in the ongoing fiscal.
Read MoreSun Pharma Receives US Drug Regulator Nod For Anti-Cholesterol Drug
Drug major Sun Pharmaceutical Industries' wholly-owned subsidiary has received nod from the US health regulator for its generic version of ezetimibe t
Read MoreAirtel, Vodafone and Idea report sharp fall in adjusted gross revenue
India?s top mobile phone companies ? Bharti Airtel, Vodafone India and Idea Cellular ? have reported a sharp sequential fall in their adjusted gross r
Read MoreTelcos not investing in technology reason behind financial stress: Reliance Jio
Billionaire Mukesh Ambani-led Reliance Jio today ascribed financial stress in the telecom sector to existing operators like Bharti Airtel and Idea run
Read MoreFrance has best chance in years for economic revival. It still won't be easy
Macron's domestic reform agenda got a major boost on Sunday, when voters threw their support behind his centrist political party in parliamentary elec
Read MoreSingapore's total employment falls the most in nearly eight years
Total employment in Singapore fell by 6,800 in the first quarter of 2017 ? the largest quarterly contraction in nearly eight years as businesses in th
Read MoreUK inflation rate at near four-year high
The latest inflation rate is the highest since June 2013, and above the Bank of England's 2% target.The Office for National Statistics said the price
Read MorePakistan's trade deficit widens to record $ 30 billion
Pakistan's trade deficit ballooned by 42 per cent year-on-year to an all-time high of $30 billion in the first 11 months of the current fiscal year on
Read MoreImported garments to become 5-6% cheaper
Imports are likely to remain 5-6 per cent cheaper than locally made apparel, despite the goods and services tax providing input credits to the textile
Read MoreJewellery, tractor makers to gain from revised GST
The Goods and Services Tax (GST) Council's decision to lower rates on 66 items brought cheer to a host of companies in the jewellery, cinema and pharm
Read MoreGE?s Immelt Steps Down, Flannery Moves Up Amid Trian Squeeze
Jeffrey Immelt is stepping down as chairman and chief executive of General Electric Co., bringing to an end a tumultuous 16-year tenure in which he dr
Read MoreHow 15,080 profitable Indian companies paid no tax in 2015-16
Tax incentives allowed 15,080 profit-making Indian companies to have effective tax rates of zero, and in some cases less than zero, in 2015-16, accord
Read MoreMany US firms plan to incrementally invest in India, China: UBS
There is significant potential for cross border investments to India and China as large and medium sized US firms plan to incrementally invest in thes
Read More90% of bikes to be made from knocked-down units: Triumph
Britain-based Triumph Motorcycles is planning to increase the Completely Knocked Down (CKD) assembly of its products in India to 90 per cent of its po
Read MoreStates that go in for farm-loan waivers should foot the bill, says Jaitley
Finance Minister Arun Jaitley on Monday ruled out the Centre?s financial support for any farm-loan waiver schemes announced by the States, stating tha
Read MoreIPRCL to construct 15 rail bridge projects near ports
Indian Port Rail Corporation Limited (IPRCL), a firm formed under the Sagarmala initiative with a mandate to improve port connectivity, has identified
Read MoreAirtel, RJio set to disrupt television viewing
As eyeballs move towards smartphone and tablets, DTH operators are coming up with newer ways to keep viewers hooked to the idiot box. DTH players, inc
Read MoreSmoothening the medi-care curve
Imagine the plight of someone like Sumathi?s brother from Dubai, who faced a hospital bill of over Rs.8 lakh after he had an accident while on a visit
Read MoreGovt examines drawback benefit schemes
The Union government is seeking industry feedback on how to readjust the duty drawbacks in the new goods and services tax regime.?It will change. Soug
Read MoreTax may rise on outbound M&As, Indian MNCs? investments
Indian companies are preparing to shift overseas investment companies from tax havens such as Mauritius after about 100 countries, including India, ag
Read MoreCentre okays highways and waterways projects worth Rs 1.5 lakh crore for Uttar Pradesh
The union government approved national highways and waterways projects worth Rs 1.5 lakh crore for Uttar Pradesh on Monday. The projects were taken up
Read MoreImports may fulfil 75% of electronic goods demand in India by 2020
Domestic manufacturers will be unable to fulfil the growing demand for electronic goods in the country, with imports accounting for as high as 75 perc
Read MoreSteep increase likely in crude oil import bill
India?s crude oil import bill could jump a quarter in 2017-18 on estimates of higher average oil rates after a price collapse sharply brought down pay
Read MoreGST rollout preparations take off on war footing
With the rollout of the goods and services tax (GST) about two weeks away, the government machinery is stepping up preparatory efforts. The Central Bo
Read MoreHiring forecast in India for Q3 least optimistic since 2005: Manpower
The hiring activity in India is expected to remain tepid for the sixth consecutive quarter.According to the ManpowerGroup Employment Outlook Survey, h
Read MoreNow, telcos offer insurance, backup to retain customers
For Rs.49-Rs.79 a month, your telecom operator will pick up a broken phone from your home and repair its damages, provide anti-virus to protect your h
Read MoreInvest in business, don?t ask for sops from government, Reliance Jio tells other telcos
Reliance Jio has accused Bharti Airtel, Vodafone and Idea Cellular of cartelisation and said the incumbents must invest equity of up to Rs 125,000 cro
Read MoreGovernment to start mapping your online shopping habits
Shop online? The government of India (GoI) wants to know the details. Starting next month, government surveys on expenditure will, for the first time,
Read MoreFlipkart?s Snapdeal acquisition may face Fema bump
The anticipated acquisition of troubled online marketplace Snapdeal by its rival Flipkart will have to deal with Reserve Bank of India rules on foreig
Read MoreMay inflation at 5-year low, raises rate cut hopes
Consumer inflation fell to its lowest in at least five years in May because of softer food prices, raising hopes the Reserve Bank of India (RBI) may c
Read MoreDebtor list being drawn up for resolution under insolvency law
Finance minister Arun Jaitley said the Reserve Bank of India (RBI) is drawing up a list of debtors with bad loans that need to be resolved under the i
Read MoreIRDA appoints administrator to manage Sahara Life Insurance
Insurance Regulatory and Development Authority of India (IRDA) on Monday appointed an administrator to manage Sahara India Life Insurance Company, sa
Read MoreHuawei claims to have overtaken Apple in global sales volume
Chinese smartphone maker Huawei on Monday said it has overtaken iPhone maker Apple in global sales volume to become second largest handset company glo
Read MoreIn a first in India, Telangana plans Rs1000 crore life sciences infrastructure fund
The Telangana government has proposed to set up a Life Sciences Infrastructure Fund with a corpus of Rs 1,000 crore, said to be a first-of-its-kind in
Read MoreNarendra Modi government looks for roadmap to take digital economy to $1 trillion mark, set to meet tech giants
With the aim of creating a road map to take India?s digital economy to the $1-trillion-mark in the next 5 years, the government will hold a high-level
Read MoreFacing PSU pressure, government may issue EOI to Mazagaon Dock for Rs 60,000 crore project
Under pressure from defence PSUs, the ministry of defence is likely to issue expression of interest (EOI) to Mazagon Dock (MDL) for the Rs 60,000-cror
Read MoreGovt close to resolution on stressed power projects: Goyal
The government is "very close" to firming up a resolution mechanism for stressed and stalled thermal as well as hydro power projects, Power Minister P
Read MoreNotification No.27/2017-Customs (ADD)
Seeks to impose provisional ADD on the imports of "ceramic tableware and kitchenware, excluding knives and toilet items", originating in or exported f
Read MoreNotification No. 23 /2017-Customs
[F. No. 354/99/2017-TRU]
Read MoreNotification No. 51/2017
Notification No. 51/2017 [F. No. 370142/13/2017-TPL]
Read MoreNotification No. 50/2017
Notification No. 50/2017 [F.No. 500/1/2014-APA-II]
Read MoreNotification No. 48/2017
Notification No. 48/2017/F. No. 370 142/16/2017-TPL]
Read MoreNotification No.47/2017
Notification No.47/2017-F No. 370142/18/2017-TPL]
Read MoreIncome Tax Act treats all assessees alike, not discriminatory: Supreme Court
The Supreme Court has termed as "fallacious" an argument that the new provision of the Income Tax Act making Aadhaar mandatory for filing income tax r
Read MoreLow yield to help India Inc tap dollar bond market
The window for Indian companies to borrow from the overseas dollar bond market has opened up again due to a fall in the benchmark US yields even as li
Read MoreDiamond processing industry gets relief with IGST exemption on imports
In a relief to the diamond processing industry, the Goods and Services Tax Council has exempted import of cut and polished diamonds after testing from
Read MoreTelangana industrial investment vehicle rakes in Rs73,000 cr in 2 years
Telangana has attracted investments worth Rs.73,000 crore after it introduced the new industrial policy in 2015. The TS-iPASS helped create 2.46 lakh
Read MoreFederal Bank expects loan growth of 18-20% this fiscal
Federal Bank is confident of being ahead of the curve in handling non-performing assets (NPAs) and achieving credit growth in the coming quarters.The
Read MoreRBI net purchaser of dollar in April; buys $566 million
The Reserve Bank continued to remain net buyer of the US currency in April after it bought USD 566 million from the spot market. This was second conse
Read MoreJLR invests in Lyft to speed up automation
Tata Motors-owned British luxury automobile maker Jaguar Land Rover (JLR) has invested $25 million (mn) in Lyft, a US ride-hailing company. The idea i
Read MoreRetail inflation falls to record low, factory output dips
India's annual retail inflation eased to a record low of 2.18 per cent in May, and the country's factory output growth also marginally slowed to 3.1 p
Read MoreJapan?s core machinery orders decline 3.1% in April
Japan?s core machinery orders in private-sector declined 3.1% in April compared to the preceding month, a fall for the first time in three months, due
Read MoreIndia's fuel demand rises over 5 pct y/y in May
India's fuel demand rose over 5 percent in May compared with the same month last year.Consumption of fuel, a proxy for oil demand, totalled 17.79 mill
Read MoreGold extends losses, sheds Rs 70 on fall in demand
Gold?s downward movement continued for the fourth straight day as the prices fell Rs 70 to Rs 29,300 per 10 grams at the bullion market today on low d
Read MoreMutual Funds See Rs 41,000 Crore Outflow In May
Investors have pulled out nearly Rs 41,000 crore from various mutual fund schemes in May, with liquid funds witnessing most of the outflows.This comes
Read MoreAllahabad Bank cuts MCLR by up to 0.15% from today
State-owned Allahabad Bank has cut MCLR rates for various tenors in the range of 0.10-0.15 per cent with effect from today. "The bank has reduced its
Read MoreFinMin allows PFC to issue bonds free of capital gains tax
State-owned Power FinanceBSE 0.38 % Corp has got the government approval for issuing bonds, redeemable after three year and eligible for exemption fro
Read MoreRBI may prefer forward market intervention
The Reserve Bank of India, which has aggressively been buying dollars to arrest a sharp appreciation in the rupee, is more likely to intervene in the
Read MoreTablet sales in India declines 16 per cent in March quarter
Sales of tablet PCs fell by 16 per cent year-on-year to around 7.6 lakh units during January-March, hurt by lack of any promotional activity by device
Read MoreMeghalaya passes GST Bill
The Meghalaya Assembly on Monday unanimously approved the State Goods and Services Tax (GST) Bill, ahead of the nationwide rollout of the new tax regi
Read MoreAxis Bank plans to raise Rs5,000 crore via debentures
Private sector Axis Bank on Monday said it proposes to raise Rs5,000 crore from debentures to fund business growth. The bank proposes to ?raise funds
Read MoreIndustrial output growth slows to 3.1% in April on lagged note ban effect
Industrial output in the country rose by 3.1 per cent in April from a year earlier, mainly due to an increase in electricity generation and mining. Th
Read MoreCPI Inflation eases to record low of 2.18% in May, adds to hopes of rate cut by RBI
The Consumer Price Index (CPI) that provides an indication of retail inflation, stands at a four-year low of 2.18 per cent for the month of May 2017.
Read MorePurchase of produce below MSP to be criminal act
Stung by farmers? unrest in the western parts of the state after produce realisations hit a nadir, Madhya Pradesh chief minister Shivraj Singh Chouhan
Read MoreIf states finance largesse from budgets, deficits will surge
The proposed fiscal tightening by states in 2017-18 was anyway optimistic given that it came after two successive years of major fiscal slippages on t
Read MoreNotification No. 49/2017 [F. No. 187/37/2014-ITA-I
Publish Date : Friday, June 9, 2017
Rupee gets UK poll blues, sheds 15 paise against dollar
The ongoing political churn in the UK cast its cloud on the rupee as it depreciated 15 paise to 64.39 against the US dollar in the early session on Mo
Read MoreAs global economic uncertainty rises, so should market volatility
Theresa May?s comeuppance in the UK elections is the latest in a series of political events that have increased economic uncertainty around the world.
Read MoreSebi board to consider cutting IPO listing time to 4 days
The capital markets regulator will consider cutting the listing time for initial public offerings (IPOs), allowing alternative investment funds (AIFs
Read MoreWhy India?s bad loan problem is really bad
Last week, Spain?s largest lender Banco Santander SA announced taking over struggling Banco Popular Espanol SA for a symbolic value of ?1. Santander a
Read MoreElectronics import by India to touch $300 billion in 3 years
High demand for electronics could outpace domestic production, leading to an import requirement of about $300 billion by 2020, a report by Assocham-NE
Read MoreLyft joining forces with Jaguar Land Rover in tech venture
The next Lyft car you book may soon be a Jaguar or a Land Rover. The British company behind the two iconic car brands announced Monday that it was inv
Read MorePolitical instability set to impact UK growth, says leading S&P economist
The current political instability in Britain is likely to impact the country's economic growth this year, said Standard & Poor's (S&P) chief economist
Read MoreJapan core machinery orders fall more than forecast in sign of economic fragility
Japan's core machinery orders fell more than expected in April, casting doubt on the strength of companies' capital spending and adding to concerns ab
Read MoreQatar can defend economy and currency, finance minister tells CNBC
Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC televis
Read MoreIndia's fuel demand rose 5.4 percent in May
India's fuel demand rose 5.4 percent in May, compared with the same period last year.Consumption of fuel, a proxy for oil demand, totalled 17.79 milli
Read MoreHow does the monsoon affect the economy?
Earlier this year, the India Meteorological Department (IMD) had predicted the country would get normal monsoon rains in 2017. The state-run weather b
Read MoreDemonetisation effect may continue to result in economic slowdown: SBI
Country?s largest lender SBI has expressed apprehensions that demonetisation may continue to result in slowing down of the economy, and adversely affe
Read MoreNew interiors, improved seating, bio-toilets: Railways to refurbish 40,000 coaches at a cost of Rs 8,000 cr
The Indian Railways is planning to induct about 40,000 coaches with improved interiors and upgraded facilities at an estimated cost of Rs 8,000 crore
Read MoreGST from July 1: Airlines may face taxation turbulence
Airlines seem to be preparing for turbulence with the implementation of the GST regime as certain segments of aviation business, including movement of
Read MoreA quick guide to India GST rates in 2017
The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of comp
Read MoreONGC keen to buy HPCL, acquisition may cost about Rs42,250 crore
State-owned Oil and Natural Gas Corp (ONGC) is keen to acquire India?s third-biggest fuel retailer Hindustan Petroleum Corp Ltd (HPCL) in a Rs42,254 c
Read MoreMaruti drives past 50% market share
The country?s top car maker, Maruti Suzuki, is now bigger than the rest of the industry put together for the first time in over a decade. In the first
Read MoreSiemens Industry Software signs up with Karnataka for Rs.2,032-cr skilling programme
Siemens Industry Software India has partnered with the Karnataka government under Chief Minister?s Koushalya Karnataka Scheme (skill development) to i
Read MoreAll eyes on tech sector ahead of expected Fed interest-rate hike
All eyes will be on the Federal Reserve Wednesday for signs of how it will follow through with a widely anticipated interest-rate hike and how that wi
Read MoreUK polls, dollar take sheen off gold
As expected, gold witnessed a sharp rise initially last week. But after marking an intra-week high of $1,296 per ounce, prices reversed sharply.The tr
Read MoreGST Council cuts tax rate on gold jewellery making charges to 5%
In what could be a huge relief for jewellery and diamond processing industry before India's biggest tax reform kicks in from July 1, the Goods and Ser
Read MoreFPIs pour in $2 billion in just seven trading sessions
Foreign investors have pumped in nearly USD 2 billion in the country's capital market in the last seven trading sessions due to finalisation of GST ra
Read MoreCatholic Syrian Bank valued at Rs 1,300 crore for Fairfax deal
One of India?s oldest private sector lenders Catholic Syrian Bank (CSB) has proposed a 51% stake sale to Canada?s Fairfax Financial Holdings Ltd at Rs
Read MoreSebi seeks changes in Companies Act; independent directors? ouster may get tougher now
The Securities and Exchange Board of India (Sebi) has asked the government to tighten rules related to the removal of independent directors in compani
Read MoreEPFO to invest Rs22,500 crore in ETFs this fiscal
The Employees Provident Fund Organisation (EPFO) will park about Rs 22,500 crore in the exchange traded funds this fiscal following the approval of it
Read MoreStates hike social spending after 14th Finance Commission
States have increased their social sector expenditure as a percentage of gross state domestic product (GSDP) after the 14th finance commission award,
Read MoreFlipkart closes sourcing platform for sellers Flipkart Global; eyes eBay advantage
Flipkart has shut down its global sourcing platform for its sellers, Flipkart Global, and has instead decided to focus on getting this done through eB
Read MorePSU revenue growth: FY17 sees 5.20 pct rise
The country?s public sector undertakings posted a muted revenue growth of 5.20% in FY17. However, helped by lower input costs, higher other income, an
Read MoreGST Council gives slew of concessions, lower tax rates for 66 items, relief for job workers
Acceding to the demands from several industrial segments, small traders and producers and keeping the interests of relatively low-income consumers in
Read MoreAmendment of Income tax Rules to operationalise section 194-IB and introduction of single challan cum statement
Publish Date : Thursday, June 8, 2017
Notification No. 50/2017 [F.No. 500/1/2014-APA-II
Publish Date : Friday, June 9, 2017
Income tax (14th Amendment) Rules, 2017
Publish Date : Friday, June 9, 2017
Settled View on section 2(22)(e) of the Income Tax Act, trade advances
Publish Date : Monday, June 12, 2017
Applicability of Explanation 2 to Section 132B of the IT Act, 1961
Publish Date : Monday, June 12, 2017
Non-Applicability of the provisions of section 194-1 of the I.T. Act, 1961 on remittance of Passenger Service Fees (PSF) by an Airline to an Airport Operator
Publish Date : Monday, June 12, 2017
Notification No. 47/2017/ F. No. 370142/18
Publish Date : Thursday, June 8, 2017
Notification No. 48/2017/F. No. 370 142/16
Publish Date : Thursday, June 8, 2017
Coal India to save Rs 800-1000 crore by closing 37 unviable underground mines
Muted coal demand and eroding profitability have forced Coal India to ?production closure? of 37 loss making underground mines in the current fiscal t
Read MoreVanguard marks up cab aggregator yet again
US-based mutual fund investor Vanguard has marked up cab aggregator Ola?s share price for the third time in a row. With this,Vanguard has marked up Ol
Read MoreTata Communications joins Alibaba Cloud to empower enterprises
Tata Communications on Saturday announced a partnership with Alibaba Cloud to enable customers from over 150 countries, including India, connect to Al
Read MoreIndia Inc deploys more capital than labour
This may not bring cheer to the estimated 1 million youth entering the workforce every month. Capital is increasingly replacing labour in Indian indus
Read MoreChina, Kazakhstan sign cooperation deals worth over $8 billion
Chinese and Kazakh enterprises and financial institutions have signed at least 24 deals worth more than $8 billion during Chinese President Xi Jinping
Read MoreRBI may ease rates, hinting banks to cut lending rates: BofAML
The Reserve Bank is expected to cut key policy rates by 25 bps on August 2, which in turn will signal banks to cut lending rates before the busy indus
Read MoreBSNL eyes 11% market share, to install 25,000 wi-fi hotspots
Telecom minister Manoj Sinha on Friday set the target of achieving 11 per cent market share for the state-owned BSNL within 12 months."This time, we h
Read MoreIndia, UNOSSC launch partnership fund to promote sustainable development
India and the UN Office for South- South Cooperation have launched a partnership fund that will support sustainable development projects across the de
Read MoreEU grants euro 3.5 million for Indo-French sustainable development project
India, France and the European Union have joined hands as part of a global sustainable development project, which will seek to transform three major I
Read MoreLDF policy focuses on domestic, foreign investments
The Industrial Policy of the Kerala government focused on increasing domestic and foreign investments and setting up industrial parks taking PPP route
Read MoreTwo mega food parks to come up in Kerala at an outlay of Rs 250 crore
Kerala will witness the launch of two mega food parks (MFP) with a total outlay of nearly Rs 250 crore on June 11. The MFP at Alappuzha focusing on se
Read MoreGST: Imported goods may turn costlier
Consumer durables such as smart phones that are imported could see a temporary spike in prices as India transitions to the goods and services tax (GST
Read MorePrataap Snacks to double distribution network to take on MNC brands
Indore-based Prataap Snacks, which is ready to raise money from the capital market, plans to double its distribution network from the current 1.2 mill
Read MoreCitigroup acquires stake in Petronet LNG through Mauritius arm
Citigroup, Stichting Depositary APG Emerging Markets, and others have independently acquired French company GDF International?s stake in Petronet LNG
Read MoreMutual funds' equity investor base at record high
The number of investors in the country's Rs 19-lakh crore mutual fund (MF) sector has climbed to an all-time high.At the end of last month, the number
Read MoreFederal Bank to raise Rs 2,500 crore as growth capital
Kerala-based Federal Bank is looking at raising up to Rs 2,500 crore through equity to improve its capital adequacy ratio, while growing at an expecte
Read MoreKuroda Says Japan Still a ?Long Way? From Meeting Inflation Goal
Bank of Japan Governor Haruhiko Kuroda said the country had escaped from deflation but still had more progress to make before reaching its goal for 2
Read MoreSoftBank to buy robotics businesses from Alphabet
SoftBank Group said it would buy two firms that build walking robots from Google's parent company, Alphabet, adding to the Japanese company's growing
Read MoreChina's easing factory gate prices hint at broader economic slowdown
China's producer price inflation eased for the third straight month in May on tumbling prices of raw materials, signaling a broader cooling in economi
Read MoreSGBs worth Rs 5,400 cr issued: RBI
The Reserve Bank of India (RBI) on Friday said it has so far issued sovereign gold bonds (SGBs) worth Rs 5,400 crore. According to the apex bank, it h
Read MoreHDFC to raise Rs 1,500 cr via bond issue on Tuesday
Mortgage lender HDFC Ltd will raise Rs 1,500 crore through issuance of bonds on a private placement basis next week."The object of the issue is to aug
Read MoreOriental Bank lowers MCLR by up to 20 bps for various tenors
State-owned Oriental Bank of CommerceBSE 0.43 % (OBC) has cut marginal cost based lending rates (MCLR) by up to 0.20 percentage points for maturities
Read MorePound dives as UK plunges into new period of uncertainty
The pound fell sharply after Britain?s election saw the Conservatives lose their majority in parliament, raising questions about the next government?s
Read MoreBond bulls in India boosted as rate cut bets revive
A further rally in Indian bonds may be on the cards as the Reserve Bank of India (RBI) seems to have opened the door to further policy easing, possibl
Read MoreForex reserves soar to a life-time high of $381 bn
Foreign exchange reserves grew by $2.4 billion from the previous week to touch a life-time high of $381.2 billion as on June 2, data from the Reserve
Read MoreData demand to power smartphone numbers in India to 780 mn by 2021: Cisco
Helped by a growing appetite for data, networking giant Cisco projects India?s smartphones count to rise at a compound annual growth rate of almost 17
Read MoreMaruti Suzuki logs 16% growth; Baleno, Vitara Brezza, Dzire star performers; PV, UV sales down in May
Growth in the sales of both the passenger car and utility vehicle segment slowed down in May since most of the top car makers barring Maruti Suzuki re
Read MoreSiemens signs MoU with Karna govt for Rs 2031.80 cr project
Siemens Industry Software India Pvt. Ltd., today said it has signed an MoU with the Karnataka Government Tool Room and Training Center andDesignTech S
Read MoreFuture Retail to open new distribution centres
Future Retail is looking at opening new distribution centres to ensure that products reach its stores faster and help save on costs through greater ef
Read MoreGST Council forms 18 groups to resolve industry worries
Before its 16th meeting on Sunday, the Goods and Services Tax (GST) council has constituted 18 sectoral groups comprising of one officer each from cen
Read MorePassenger vehicle sales growth slows to 8.63% in May
Sales of passenger vehicles in India rose 8.63% in May from a year earlier, although the pace of growth slowed from the previous month, when sales gre
Read MoreSBI cuts interest rates on home loans above Rs75 lakh
State Bank of India (SBI) on Friday became the first to slash the interest rate on home loans above Rs75 lakh post the central bank?s direction to red
Read MoreSupreme Court upholds law making Aadhaar mandatory for PAN, ITR but exempts those without it for now
The Supreme Court on Friday upheld the validity of the law making Aadhaar mandatory for allotment of PAN and filing of Income Tax(IT) returns but exem
Read MoreChina tightens grip on yuan to head off economic risks
In rapid fire moves that have stunned investors, Chinese authorities have begun tightening control over the yuan, lifting it sharply in a concerted ef
Read MoreHSBC sees India growth unchanged at 7.1% this fiscal
India's growth is likely to remain unchanged at 7.1 per cent this fiscal, as investments are low and government spending may not remain high given the
Read MoreUN cites Indian start-up fund for government policies on developing digital sector
A fund launched in India for boosting start-ups and entrepreneurship in the country has been cited by the United Nations on how government policies ca
Read MoreRetail inflation seen cooling to new record low in May
Inflation in India is expected to have cooled to a new record low in May, a Reuters poll found, which could add pressure on the Reserve Bank of India
Read MoreTCS' revenue from Tata Sons, its units touch Rs 2,400 crore
Tata Consultancy ServicesBSE -0.45 %' revenue from parent Tata Sons and its subsidiaries was a tad higher in FY17 at over Rs 2,400 crore boosting its
Read MoreReserve Bank of India may cut rates by only 25 bps in FY18: ET poll
The Reserve Bank of India may cut rates by only a token 25 bps in FY18 as upside risks to inflation may resurface later in the year, a majority of par
Read MoreSBI raises Rs 15,000 cr from QIP
India's largest bank State Bank of India (SBI) has successfully completed raising of Rs 15,000 crore from qualified institutional placement (QIP), a
Read MoreHester Biosciences gets board nod to set up $3 million animal vaccine plant in Africa
Hester Biosciences on Thursday said its board has given the nod to set up animal vaccine manufacturing unit in Tanzania at an investment of USD 3 mill
Read MoreHavells India aims to make ?Standard?a Rs.1,000-crore brand in two years
Electronics major Havells India is looking to propel its brand ?Standard? on a faster growth trajectory, as part of its multi-brand strategy.The compa
Read MoreIndia Inc saves big by timely restructuring
Promoters who restructured their shareholdings in March could be having the last laugh. Anticipating an adverse outcome from the Budget proposal to in
Read MoreGross direct premiums underwritten by non-life insurers up 16%
Non-life insurers have seen a substantial rise in gross direct premiums underwritten in the first two months of FY18 by almost 16 per cent from the co
Read MoreIMF Weighs Greek Loan That Would Release Funds After Debt Relief
The International Monetary Fund is considering a conditional loan for Greece that would defer the release of the money until the nation?s European cre
Read MoreBill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
U.S. markets are at their highest risk levels since before the 2008 financial crisis because investors are paying a high price for the chances they?re
Read MoreJapan Q1 GDP growth slashed to 1% from 2.2% in fragile export-led expansion
Japan's economic growth in the January-March period was severely revised down from the original estimate because of a downward adjustment in business
Read MoreAlibaba Adds $42 Billion in Market Cap on Strong Sales Forecast
Alibaba Group Holding Ltd.?s market value surged by $42 billion after the company forecast sales growth that topped every analyst?s estimate, defying
Read MoreDraghi Says ECB Needs Patience as Inflation Stays Subdued
Mario Draghi said the euro region still isn?t generating enough inflation, overshadowing improved prospects for the economy that led officials to upgr
Read MoreIndia 'bright spot' for global steel output growth
India is seen as a "bright spot" for the global steel production growth on account of the government's push to augment capacity and demand from the co
Read MoreGold prices turn weak on fall in demand, global cues
After four sessions of gains, gold prices plunged by Rs195 to Rs29,600 per 10 grams at the bullion market on Thursday on easing demand from local jewe
Read MoreCoal imports dip 6% in May
India?s coal imports in May declined 6 per cent due to lacklustre demand from the power sector and sufficient supply of domestic fuel. ?Coal imports..
Read MoreUnified Payments Interface value, volume soar to highest ever level in May
The volume and value of transactions made through the Unified Payments Interface (UPI) channel during May were the highest in any month since its laun
Read MoreICICI Bank-backed fund sees jump in space, set to raise Rs 3000 cr
ICICI Bank-backed infrastructure debt fund (IDF) India Infradebt plans to raise Rs 3,000 crore via bonds in FY18 in anticipation of growth picking up
Read MoreONGC to start drilling at Cluster 2 of Krishna Godavari block in November
Oil and Natural Gas Corporation (ONGC) plans to start the development work at cluster 2 of its Krishna Godavari KG-DWN 98/2 block by November. The com
Read MoreUnichem lines up Rs 350 cr capex for next two years
Drug firm Unichem Laboratories has lined up a capex of around Rs 350 crore for the next two years as it plans to strengthen R&D activity and expand op
Read MorePidilite subsidiary inks pact to sell Cyclo biz to US firm
Pidilite Industries today announced that its subsidiary has inked an agreement with US-based Niteo Products LLC for sale of its automobile grooming pr
Read MoreIndia needs open markets to sustain growth: CEA
Chief economic adviser Arvind Subramanian on Thursday expressed concern over growing protectionism in global markets and felt that India needs open ma
Read MoreDaily revision of petrol, diesel prices to start on June 16
Starting June 16, retail selling prices of petrol and diesel are set be revised every day by the three state-run oil marketing companies (OMCs) across
Read MoreCentral Board of Direct Taxes cuts profit margin for safe harbour rules
Given the lukewarm response to the safe harbour mechanism for transfer pricing, Central Board of Direct Taxes (CBDT) on Thursday cut the operating pro
Read MoreFoodgrains, milk, veggies to be up to 5 per cent cheaper under GST
The government today said foodgrains, flour, milk, vegetables and fruits will get cheaper by up to 5 per cent once the Goods and Services Tax is rolle
Read MoreEconomy headed for consolidation: RBI
The economy will gradually consolidate growth in the current financial year, predicted 28 forecasters surveyed by the Reserve Bank of India. According
Read MoreIndia, 67 nations sign pact to check tax evasion by MNCs
India and 67 countries have put in place an agreement to plug loopholes in existing laws that allowed companies to evade taxes by artificially shiftin
Read MoreBig public sector banks including SBI need Rs 95,000 cr equity capital in next two years: Moody?s
The top 11 Indian public sector banks, including the country?s largest lender, State Bank of India, will need external equity capital of about Rs 70,0
Read MoreGrowth in non-food credit falls to 5.86 pct
Growth in non-food credit fell to 5.86% year-on-year (y-o-y) during the fortnight ended May 26 from 6.39% in the previous fortnight and 9.65% in the c
Read MoreNotification No. 26/2017-Customs (ADD)
Seeks to extend the ADD imposed on the imports of "Plain Gypsum Plaster Boards" originating in or exported from China PR, Indonesia, Thailand and UAE
Read MoreNotification No. 25/2017-Customs (ADD)
Seeks to levy provisional anti-dumping duty, on 'Toluene Di-Isocyanate' (TDI) originating in or exported from China PR, Japan and Korea RP for a perio
Read MoreNotification No.RBI/2016-17/320
Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy
Read MoreNotification No.RBI/2016-17/319
Recording of PPO Number in the passbook of Pensioners / Family Pensioners
Read MoreNotification No.RBI/2016-17/318
Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Read MoreNotification No. 46/2017
[Notification No. 46/2017/ F. No. 370142/6/2017-TPL]
Read MoreNotification No. 45/2017
[Notification No. 45/2017/F. No. 370142/39/2016-TPL]
Read MoreNotification No. 24/2017-Customs (ADD)
[F. No. 354/45/2012-TRU (Pt. 2)]
Read MoreNotification No.52/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 2nd June, 2017
Read MoreNotification No. 44/2017
[Notification No. 44/2017/F.No.370142/11/2017-TPL]
Read MoreNotification No.RBI/2016-17/317
Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios
Read MoreNotification No.RBI/2016-17/316
Issuance of Rupee denominated bonds overseas
Read MoreBank NPAs roadblocks to growth, make norms more flexible: Assocham
Non-performing assets of Indian banking sector are among the biggest roadblocks to the country?s economic growth as evident from latest data of GDP, s
Read MoreAlibaba guides for 45-49% growth in FY18, Investors thump in cheer
Alibaba Group CFO Maggie Wu said the group will look to clock an annual revenue growth of 45-49% in FY18. The figure elicited the loudest cheer from i
Read MoreGerman industrial production rebounds strongly in April
Industrial production in Europe's largest economy Germany rebounded faster than expected in April from a March slump, official data showed Thursday, b
Read MoreJapan's first quarter growth halved by oil inventory squeeze, recovery seen on track
Japan's economic growth was much weaker in the first quarter than initially estimated, the Cabinet Office said, but analysts made light of the decline
Read MoreChina May imports, exports unexpectedly speed up but seen fading
China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better tha
Read MoreIndustry gets 90 days to claim credit for GST transition stock
Traders and retailers can file declarations within 90 days claiming a tax credit for transition stock after the GST rolls out from July 1.The draft tr
Read MoreGST's impact will be disruptive, but positive: World Gold Council
With the Goods and Service Tax (GST) Council deciding to put gold under three per cent tax bracket, World Gold Council (WGC) sees the impact to be "di
Read MoreElectric car market goes zero to 2 million in five years
The number of electric vehicles on the road rocketed to 2 million in 2016 after being virtually non-existent just five years ago, according to the Int
Read MoreECB to nudge up growth forecasts but inflation drags
The European Central Bank is likely to nudge up its forecasts for economic growth in the euro zone but trim its estimates for inflation at its meeting
Read MoreGold near 7-month high, uncertainties feed bullish sentiment
Gold prices held near seven-month highs on Wednesday with sentiment still bullish due to political uncertainty created by an election in Britain and t
Read MoreOil Drops on U.S. Gasoline Supply Gain, Nigeria Output Recovery
Oil declined as U.S. industry data showed gasoline stockpiles expanded at a time they typically fall, while Nigeria pressed on with the resumption of
Read MoreIndia?s seafood exports at all-time high, revenue soars to $5.78 bn
Seafood exports from the country hit an all-time high last fiscal with the total revenue touching $5.78 billion by exporting 11,34,948 tonnes of seafo
Read MoreDCB Bank cuts MCLR by 0.15-0.53 percent for June
Private sector DCB Bank has slashed MCLR rates for June in the range of 0.15-0.53 per cent for various maturities.It has also cut its base rate by 0.2
Read MoreMutual Funds' asset base drops 1.15% to Rs 19 lakh cr
The mutual fund (MF) industry's asset base declined marginally by 1.15 per cent to Rs 19.03 lakh crore at the end of May, mainly due to outflow from m
Read MoreRBI inflation forecast boosts bonds to 4-month high
Bonds rallied to a four-month high on Wednesday after the Reserve Bank of India sharply reduced inflation projections for the current fiscal, raising
Read MoreRupee swings back on RBI's lower inflation forecast; up 10 paise
The rupee on Wednesday recovered from early lows to close 10 paise up at nearly three-week high of 64.33 against the dollar after the Reserve Bank of
Read MoreXiaomi mulls third mobile manufacturing unit in India
Chinese mobile company Xiaomi is open to setting up a new manufacturing facility in India, riding high on the demand for its brands. The company, whic
Read MorePetrol, diesel prices to change on daily basis from mid-June across India: Report
Oil marketing companies (OMCs) will extend the new pricing mechanism for diesel and petrol across the nation from the second fortnight of this month,
Read MoreGovt approves initial pact with Korea for $9 bn export credit
The Cabinet today approved signing of an initial pact with South Korea for export credit facility of USD 9 billion for infrastructural development in
Read MoreRBI repo rate: No cut, central bank cites rising rural wages, fallout from farm loan waivers
Although it sharply lowered the inflation projections for 2017-18 by about 100-150 basis points, the Reserve Bank of India (RBI) on Wednesday refraine
Read More18,504 cr in NPAs may be upgraded in FY18: PFC
Nearly four-fifth of Power Finance Corporation?s non-performing assets (NPAs) or bad loans worth Rs.18,504 crore are likely to get an upgrade this fis
Read MoreGMR Infra arm wins bid to develop airport in Greece
GMR Airports Ltd has been selected to develop, operate and manage the new international Kastelli airport project in Heraklion, Crete island of Greece,
Read MoreIndian media, entertainment sector to grow at 10.6%: PwC
PwC?s 2017 Global E&M Outlook projects the global entertainment and media industry will clock 4.2 per cent annual growth between 2016 and 2021 while t
Read MoreInvestors pour Rs 10,739 cr into equity MFs
For a second straight month, net inflows into equity mutual fund (MF) schemes remained aboveRs 10,000 crore, taking the year to date net inflow toRs 8
Read MoreXiaomi says it?s open to expanding facilities
Chinese electronics major Xiaomi on Wednesday said it was open to expanding manufacturing facilities for mobiles and other devices in India. ?We are o
Read MoreSun Pharma wants to rise on niche route
At 61, Dilip Shantilal Shanghvi has seen many cycles since he started Sun Pharmaceutical at Vapi in 1982 with just Rs 10,000. Almost 35 years later, S
Read MoreFMCG market defies note ban blues in Q4
The FMCG market shrugged off the after-effects of demonetisation and posted six per cent year-on-year volume growth during the March 2017 quarter. The
Read MoreGlobal FDI set to rise 5% to $1.8 trillion in 2017: Unctad
Global foreign direct investment (FDI) is expected to rise by 5%, to almost 1.8 trillion in 2017, according to the UNCTAD?s World Investment Report 20
Read MoreIndia Inks Pact in Bid to End Cross-Border Tax Evasion by MNCs
In what seeks to end cross-border tax evasion by multinational corporations, 100 countries including India have inked the multilateral convention to p
Read MoreRBI Adds Spice to Masala Bonds, Revises Norms
The Reserve Bank of India has revised norms for selling rupee-denominated bonds, popularly known as masala bonds, to bring in more transparency to the
Read MoreForeign fund inflows hit a record high
The Indian rupee has been one of the best performing currencies among the emerging markets since the beginning of 2017, thanks to robust macroeconomic
Read MoreiVoomi plans to invest Rs 250 crore in India, export to China
Chinese smartphone maker iVoomi plans to make phones in India with initial investment of Rs 250 crore and export handsets to countries like China, Tai
Read MoreIncome-tax (12th Amendment) Rules, 2017
Publish Date : Wednesday, June 7, 2017
Piramal Finance invests Rs 1,100 cr in Embassy group?s projects
Piramal Enterprises today said it has provided Rs 1,100 crore funds to real estate firm Embassy group for development of housing and commercial projec
Read MoreGlobal growth headed for six-year high: OECD
The global economy is on course this year for its fastest growth in six years as a rebound in trade helps offset a weaker outlook in the United States
Read MoreAustralia GDP up 1.7 percent, still slowest since September 2009
Australia?s economy squeezed out just enough growth last quarter to match the Netherlands? record of 103 quarters without a recession, but its stamina
Read MoreGST rate for paints effectively unchanged: Abhijit Roy
The decision of the GST council to tax paints at the highest slab of 28 per cent would not differ from the existing rate which was just above that, th
Read MoreGold imports surge four-fold to 103 tonnes in May: GFMS
Gold imports in May surged four-fold from a year ago to 103 tonnes as jewellers increased purchases to replenish inventory and stock up ahead of Goods
Read MoreFrom tenement to township, India's $1.3 trillion housing push
When he was little and his father was building his taxi business, Pradeep Yadav lived in a ?chawl,? a rundown tenement in India?s financial capital, M
Read MoreIndia, Sri Lanka sign pact for $ 318 million line of credit
India today signed an agreement with Sri Lanka to provide USD 318 million as line of credit to develop the island nation's railway sector, officials s
Read MoreAsia can unlock $5 trillion, 230 million jobs via key development goals
Businesses in Asia could unlock at least $5 trillion in market opportunities and create 230 million jobs by 2030 by implementing a few key development
Read MoreIndia sings Multilateral Agreements at Paris, now common tax agreement for all investors
The government on Wednesday adopted a common tax agreement which could lead to uniform tax regulations for all investors, irrespective of which destin
Read MoreRBI lowers inflation projection to 2-3.5% in H1 FY18
RBI expects retail inflation to fall to 2-3.5 per cent in the first half of current fiscal and move up to 4.5 per cent in the second half saying that
Read MoreRBI monetary and credit policy highlights: Repo rate unchanged at 6.25%, SLR cut to 20%, inflation under close watch
Driven by uncertainties surrounding inflation and determined to keep the CPI inflation close to 4% on a durable basis, the Reserve Bank of India on We
Read MoreHighlights and full text of RBI's bi-monthly monetary policy
RBI kept its key interest rate unchanged at 6.25 per cent on Wednesday, as widely expected, while lowering projections for inflation and striking a le
Read MoreFarm loan waivers risk fiscal slippages, inflation: RBI
The Reserve Bank of India today warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk s
Read MoreEPFO extends deadline for submitting Aadhaar to June 30
The Employees? Provident Fund Organisation (EPFO) had set April 30, 2017 as the deadline for submitting Aadhaar number earlier.The EPFO in January mad
Read MoreOil rebounds, finds support after sliding below $47/bb
Oil prices edged upward Tuesday, finding technical support after sliding below $47 a barrel on pressure from a diplomatic rift in the West Asia and su
Read MoreHUL food business for FY17 drops 49%
The food business of Hindustan Unilever Limited (HUL), the country?s largest consumer goods company, shrank sharply during the last financial year. Ac
Read MoreTCS plans to earn $1 bn in 3-7 years from each of the three new horizontals
Tata Tata Consultancy Services (TCS) expects to earn revenues of about $1 billion each from several emerging technology segments over next three to se
Read MoreCanara Bank cuts MCLR by 0.05% for various maturities
Public sector Canara Bank has cut MCLR rates by 0.05 percentage point for various maturities with effect from Wednesday ?In terms of the guidelines of
Read More40% of pharma sector may come under price control
Fixed dose combinations (FDCs), drugs that include two or more therapeutic ingredients, comprise near 40 per cent of the Indian pharma industry, say i
Read MoreRBI likely to keep rates on hold, say economists
The RBI, in its second bi-monthly monetary policy review to be announced tomorrow (June 7), is likely to keep rates unchanged, according to most econo
Read MoreBonds recover, call rates rule stable
Government bonds (G-Secs) recovered on fresh buying support from banks and corporates.While, Interbank call money rates remained steady as demand from
Read MoreEurozone Retail Sales Rise Slightly In April
Eurozone retail sales grew only marginally in April as the rebound in food sales was partially offset by the weakness in non-food turnover.Retail sale
Read MoreSouth Africa slips into recession as economy shrinks in Q1
South Africa slipped into technical recession for the first time since 2009 after the economy contracted in the first quarter, led by weak manufacturi
Read MoreOil Trades Near Three-Week Low Amid Talks to Resolve Qatar Spat
Oil traded near the lowest closing level in three weeks as diplomatic efforts to resolve a clash between Qatar and Saudi Arabia eased tensions in the
Read MoreTop 10 QIPs in past 10 years add up to Rs 60k cr
State Bank Of India's qualified institutional placement (QIP) for an amount of Rs 15,000 crore, which opened on Monday, is the biggest ever. The size
Read MoreMay DII flows in equity at `4.5K cr
Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equi
Read MoreBank loan to industry dips, firms borrow more in bonds
While bank credit to industry contracted for the seventh straight month in April, companies have been borrowing more in the bond and money markets in
Read MoreAdani gives final approval for coal mine project in Australia
Adani Group Chairman Gautam Adani on Tuesday gave the final investment approval for the Indian conglomerate?s controversy-hit 21.7 billion dollars coa
Read MoreFlipkart, Amazon India rain discounts to clear stocks ahead of GST rollout
Apprehensive that they may lose out post the rollout of the goods and services tax (GST) from July 1, vendors on e-commerce platforms are trying to li
Read MoreWarburg Pincus commits up to $300 mn in Princeton GV
Princeton Growth Ventures (PGV) today said it has obtained "backing" of up to USD 300 million (over Rs 1,933 crore) from an affiliate of Warburg Pincu
Read MoreGenuine transactions won't get caught in tax tangle
Foreign direct investments into India, employee stock options, and transfer of shares through gifts and offmarket transactions recognised by the centr
Read MoreHDFC to raise Rs 2,000 cr via bonds to augment long term funds
Mortgage lender HDFC Ltd will raise Rs.2,000 crore through a private placement basis by issuing bonds to shore up long term capital.HDFC Ltd, which is
Read MoreSlump sale: Adani Power spins out Mundra unit
The board of Adani Power on Tuesday approved the slump sale of its 4,620 MW thermal power plant in Mundra, Gujarat, to its subsidiary Adani Power (Mun
Read MoreOne nation, one tax department: I-T takes cue from GST
The one-nation, one-tax principle that underlines the goods and services tax (GST), set to be rolled out on July 1, could be adopted in a much more br
Read MoreNotification No. 43/2017
Notification No. 43/2017
Read MoreNotification No. 42/2017
Extension of due date for furnishing Form 16
Read MoreNotification No.RBI/2016-17/315
Auction of Government of India Dated Securities
Read MoreNotification No. 44/2017 [F.No.370142/11/2017-TPL
Publish Date : Monday, June 5, 2017
Income-tax (11th Amendment) Rules, 2017 - Amendment of Income tax Rules to Enable PAN holders to File Form 26B to claim refund of TDS deducted under section 194-IA
Publish Date : Monday, June 5, 2017
Indian business intelligence software revenue forecast to reach $245 million in 2017, says Gartner
Indian business intelligence (BI) software revenue is forecast to reach US$245 million (in constant currency) in 2017, a 24.4 percent increase over 20
Read MoreIndia's crude steel output up 4.5% in Apr-May FY18
India produced 16.391 million tonne (MT) of crude steel in the first two months of the current fiscal, up 4.5 per cent year-on-year.It had produced 15
Read MoreGulf spat threatens to put brakes on Qatar's $335 billion empire
The windfall from being the world?s largest exporter of liquefied natural gas has allowed Qatar to amass about $335 billion of investments around the
Read MoreGermany helps power eurozone activity to stick at six-year high ? IHS Markit
Eurozone held at impressive pre-debt crisis levels in May, pointing to a robust month of expansion in the bloc which is enjoying a better than expecte
Read MoreU.S. services, factory data point to moderate economic growth
U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labour market
Read MoreChina May data to show stable growth as exports stay solid
China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and investment as economic ties with the United
Read MoreCement industry to grow at about 7% in FY17: report
The cement industry is expected to grow at 6-7% in the current fiscal with government?s focus on infrastructure development being a key driver of dema
Read MoreGold Seen Rising to Four-Year High as Fed ?Gentle? on Rates
Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly reports on U.S. employment and wages, according
Read MoreOil steadies as limited impact seen from Gulf crisis
Oil erased earlier gains as a diplomatic clash involving OPEC members Saudi Arabia and Qatar was seen having limited impact on the group?s policy.Futu
Read MoreOffshore India funds, ETFs pump in $500 million in May
India-focused offshore funds and exchange-traded funds (ETFs) have pumped in over USD 500 million in May, taking the total to USD 3.6 billion so far t
Read MoreNon-life insurers raise Rs 2,181 crore through hybrid bonds
Non-life insurers raised Rs 2,181 crore in fiscal 2017 through hybrid bonds, a report said.Out of this Rs 1,166 crore was raised in March alone by fou
Read MoreRupee scales near 3-week high of 64.36 ahead of RBI policy
Rallying for the fourth straight session, the rupee today strengthened by 8 paise to close at a near three-week high of 64.36 a dollar on steady selli
Read MoreTablez India ties up with Grupo Cortefiel, to open first Springfield store in Bengaluru
Tablez India has tied-up with Spanish fashion Retailer Grupo Cortefiel to launch brands like Springfield and Women?s Secret in Bengaluru this year. Ta
Read MoreTwo-wheelers sales to see 8-10 pct grow in FY18: Icra
After five months of a slowdown in two-wheeler sales due to the cash crunch and the ban on Bharat Stage III (BS III) vehicles, the effects of demoneti
Read MoreSamsung's Make in India Ringtone Gets Louder
Samsung Electronics is investing about ` . 5,000 crore to more than double mobile phone production capacity in Uttar Pradesh by 2020, making it the So
Read MoreIndia?s electricity requirement seen soaring 37% in 5 years
Electrical energy requirement is expected to grow by 37% in five years, according to the 19th electric power survey (EPS) report released by the Centr
Read MoreWorld Bank projects 7.2% growth rate for India in 2017
Noting that India is recovering from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 per cent growth rate f
Read MoreMumbai property prices plunge up to 40%, courtesy RERA
Land auctions conducted by the City and Industrial Development Corporation (CIDCO) in Navi Mumbai last week saw bids lower by as much as 40% compared
Read MoreICICI Bank to sell part stake in general insurance joint venture via IPO
The board of ICICI Bank on Monday approved the sale of part of its stake in the joint venture, ICICI Lombard General Insurance, through an initial pub
Read MoreAt Rs 15,000 cr, State Bank of India launches biggest-ever QIP
State Bank of India (SBI) on Monday announced the launch of the country?s largest ever qualified institutional placement (QIP) of Rs 15,000 crore at a
Read MoreRs 30,000 cr farm loan waiver: Maharashtra fiscal deficit may cross FRBM limit
The Rs 30,000-crore farm loan waiver announced by Maharashtra, if implemented, would take the state?s fiscal deficit in 2017-18 to 2.7% of gross state
Read MoreSensex ends at new peak of 31,309; Nifty closes at 9,675
The Sensex and Nifty ended at their record highs on Monday, in a session driven by lenders, although the gains were subdued ahead of a central bank po
Read MoreManipur assembly passes GST Bill
The Manipur assembly on Monday passed the state Goods and Service Services Tax Bill, 2017 at a specially convened session. The bill was passed by voic
Read MoreTrade, manufacturing to boost 2017 global growth: World Bank
The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 per cent this year, citing a pickup in manufacturing and trade
Read MoreStandard Chartered PE to set up Rs 1,900-crore warehousing JV
Standard Chartered Private Equity is in the final leg of talks with an Indian company to set up industrial and warehousing centres in the country. A s
Read MoreCredit rating agencies downgrade debt instruments of 116 companies
Credit rating agencies have this year downgraded debt instruments of 116 companies and upgraded those of 55 firms, according to Capitaline. Debt instr
Read MoreForeign Investors Pour In $4.2 Billion In May, Mostly In Debt
Foreign investors have pumped $4.2 billion in the country's capital market in May due to finalisation of GST rates for bulk of the items and predictio
Read MoreBonds drop, call rates end higher
Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while the overnight call money turned higher due to good demand from
Read MoreIn a rejig, Adani Power to hive off Mundra plant
The board of Adani Power Ltd (APL) on Monday said it plans a slump sale of its power generating plant at Mundra in Gujarat. The Mundra Power Generati
Read MoreCoca-Cola, partners to invest $900 million in fruit ecosystem
Beverages major Coca-Cola India on Monday said its bottling arm-Hindustan Coca-Cola Beverages, along with its partners, which include independent fran
Read MoreOver 51% jump in govt's revenue expenditure in April: Icra
Early passage of the budget for 2017-18 has contributed to an upfronting of expenditure, resulting in a sharp 51.2 percent rise in revenue expenditure
Read MoreServices PMI rises to 4-month high in May
Services sector activity in May increased at its fastest pace in the past four months, led by a faster increase in new business inflows, according to
Read MoreNotification No. 43/2017[F. No. 370142/09/2017-TPL
Publish Date : Monday, June 5, 2017
After debt reprieve, pressure on India's Reliance Communications to close asset deals
Indian mobile carrier Reliance CommunicationsBSE 0.73 % won breathing room after receiving a seven-month loan reprieve from lenders, but will now need
Read MoreBlackstone offers to buy Finnish real estate firm Sponda for $2 billion
Private equity group Blackstone Group said on Monday it had offered to buy all shares in Finnish real estate investment company Sponda for about 1.8 b
Read MoreChina services sector PMI expands at fastest pace in 4 months in May
Activity in China's services sector expanded at the fastest pace in four months in May thanks to a surge in new orders, a private business survey show
Read MoreEuro zone business activity maintained growth in May, PMI shows
Euro zone business activity remained strong in May, underpinned by increasing demand, according to a survey released on Monday, which suggested the pa
Read MoreKrishnapatnam Port becomes first to introduce automated fertilizer handling system
Krishnapatnam Port has installed a first of its kind Automated Fertilizer Handling System in the country which handles cargo operations from vessel to
Read MoreDaily News & Analysis Lenskart to open 400 stores in 2 years; invest Rs 100 crore
Ratan Tata-backed eyeware retailer Lenskart plans to invest over Rs 100 crore on business expansion, including opening of 400 stores, in the next two
Read More3 per cent GST on gold to hit unorganised sector, say industry experts
The GST Council?s decision to impose a 3 per cent GST on gold will not only make jewellery costlier but also lead to a higher incidence of illegal gol
Read MoreAye Finance to raise another 300 crore RAJESH KURUP
Aye Finance, a Gurgaon-based non-banking finance company (NBFC), is looking to raise another Rs.300 crore . We are looking at raising about Rs.300 cro
Read MoreNo IGST on imports under export promotion schemes
Keen to give a leg-up to exports, the Goods and Services Tax Council has provided outright exemption to imports under various export promotion schemes
Read MoreAirtel Business plans to woo startups to digital platform
Bharti Airtel BSE -0.21 %'s enterprise arm Airtel Business is eyeing a larger share in emerging enterprises, including small and medium businesses (SM
Read MoreMadhucon Projects posts standalone Q4 profit at Rs. 4.5 cr
Madhucon Projects Limited posted a lower profit of Rs. 4.5 crore for the fourth quarter as against a profit of Rs. 5.74 crore for the corresponding qu
Read MoreBad Loans Worth 6k cr to Go Under Hammer
Andhra Bank and Allahabad Bank have put up for sale nearly 6,000 crore of bad loans amid mounting pressure on state-run lenders to clean their books.
Read MoreIndia Inc displays pricing muscle in Q4
After continued pressure on price-led growth or realisations in the past couple of years, the tide seems to be turning for Indian companies. In the M
Read MoreFinnish companies looking for new opportunities in India
India is becoming one of the favourite destinations for investments in manufacturing, clean tech, infrastructure and hi-tech for Finnish companies. Ni
Read MoreIndia GDP growth to remain flat at 7.1% in 2017-18: HSBC
India's economic growth is expected to remain flat at 7.1 per cent in current fiscal as investment is still weak and government spending might not be
Read MoreFood tech to be a billion-dollar sector in 2 years
India?s food technology sector has had a trial by fire. After a bloodbath for more than a year and a half, which saw the demise of as many as 20 compa
Read MoreDebt cloud over Mundra Power
Adani Power has met its debt repayment obligations thus far but might need to do more to ensure it remains so. ?Concerns do remain, as the compensato
Read MoreSofter tone likely on monetary policy
CPI inflation has remained below 4 per cent, i.e. the medium-term target set by the Monetary Policy Committee (MPC) of the Reserve Bank of India for s
Read MoreRBI unlikely to cut interest rates as growth slows: Poll
Economists don?t expect the six-member Monetary Policy Committee (MPC) to tinker with policy rates of the Reserve Bank of India (RBI) when it meets th
Read MoreIndices edge higher
Despite a muted start, the bellwether indices managed to close on a positive note last week. Continued support from foreign investors helped the indic
Read MoreGlut threatens commodity rebound
After a 2016 rally that ended five straight years of declines, prices of everything, from crude oil and zinc to sugar and soyabean, are once again mir
Read MoreGold set to revisit $1,300
After being stuck in a narrow range almost all the week, gold price got a boost in the final trading sessions on Friday. Global spot gold prices surge
Read MoreHow GST could help tame Centre-States? fiscal deficit
One of the unintended benefits of the Goods and Services Tax (GST) could well be that the combined fiscal deficit of the Centre and the States as a pe
Read MoreSouth Korea plans energy U-turn away from coal, nuclear
A proposed energy U-turn by South Korea's new government would put the environment at the center of energy policy, shifting one of the world's staunch
Read MoreHurdles to Franco-German bargain on euro zone are high
Midway through their news conference in Berlin last month, French President Emmanuel Macron turned to German Chancellor Angela Merkel and laid out a q
Read MoreEight core sector growth slips to 2.5% in April
The growth of eight core sectors declined to 2.5 per cent in April mainly due to lower coal, crude oil and cement productions. The growth rate of eigh
Read MoreSolar Industries eyes Rs 100 cr rev from defence biz in FY18
Industrial and military explosives manufacturer Solar Industries India (SIIL) is expecting Rs 100 crore revenue from its defence business this fiscal
Read MoreSoftBank in talks with Canada & Middle East to raise $7Bn for its $100Bn Vision Fund
SoftBank Corp. is currently in talks with potential investors in both Canada and the Middle East to raise $7 billion to add to its $100 billion fund.
Read MoreAadhaar mandatory for kerosene subsidy, Atal Pension Yojana
The Aadhaar card has now been made mandatory for government subsidy on purchase of kerosene and benefits of Atal Pension Yojana.Those availing kerosen
Read MoreForeign investors with modern tech welcome in steel sector
The government has welcomed foreign investors with modern technology to set up steel plants in India as the country aims to increase the output to 300
Read MoreFDI in services sector up 26% to $8.68 billion in FY17
FDI inflows in the services sector rose by about 26% to $8.68 billion in 2016- 17 with the government taking steps to improve ease of doing business a
Read MorePSBs plan to mobilise Rs 58k crore from capital markets this fisca
Public sector banks, including SBI, Bank of BarodaBSE -0.14 % and IDBI BankBSE -0.08 %, plan to raise Rs 58,000 crore through equity dilution during t
Read MoreGood news: Under GST regime, your clothes bill unlikely to rise
The government?s move to keep the Goods and Services Tax (GST) rates on various textiles ? including cotton fibre ? and low-priced garments roughly ar
Read MoreFCI gets temporary relief as Centre provides half of FY18 food subsidy at Rs 49,000 cr in Q1
The government has released close to half of the annual food subsidy allocation to Food Corporation of India (FCI) in the first quarter of the current
Read MoreExport volumes rose in FY17 on low commodity prices
Merchandise export value may have grown just 5% in 2016-17 after two successive years of contraction, but volumes of outbound shipments rose for most
Read MoreExtension of due date for furnishing Form 16
Publish Date : Friday, June 2, 2017
Infosys to hire 20,000 this year
The country?s second-largest information technology company Infosys on Friday said it will hire 20,000 people this year, adding that reports about job
Read MoreBulk drug makers fret over refund delays, cost escalation under GST regime
Bulk drug makers are worried over the adverse impact the Goods and Services Tax (GST) as pharma products are grouped in the 18-per cent tax bracket. ?
Read MoreGovt to auction 71 mineral blocks
The government has identified 71 major mineral blocks in seven states that will be auctioned during current financial year. In an official statement,
Read More?28% tax rate under GST will ring the death knell for regional film industry?
The South Indian Film Chamber of Commerce has objected to the entertainment industry being slapped with 28 per cent tax rate under GST, the highest sl
Read More4 players in race for Rs.10,000-cr Zojila tunnel
At least four players ? Larsen & Toubro, IL&FS, Jaiprakash Ventures and Reliance Infrastructure (RInfra) (in a joint venture with Turkey-based Dogus
Read MoreUday Kotak to head Sebi governance panel
The Securities and Exchange Board of India (Sebi) has set up a committee to recommend on better corporate governance standards at listed companies.The
Read MoreExim community awaits GST rules of business
Exporters and importers are awaiting the finalisation of rules of business under the new goods and services tax (GST) regime. Currently, exporters are
Read MoreIT firms eye $1-billion opportunity
Indian IT firms could see business opportunity of over $1 billion in building and implementing solutions to help their clients become compliant with t
Read MoreRising NPAs put Dena Bank under corrective action plan
The Reserve Bank of lndia placed ailing public sector lender Dena Bank under prompt corrective action (PCA), in view of high net non-performing assets
Read MoreIncome Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off
Income Tax department today warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have
Read MoreElder Pharma files for insolvency
Elder Pharmaceuticals has filed for insolvency, in an attempt to restructure its debt, according to a source. The company had suffered a loss of Rs 51
Read MoreWhat if the bitcoin bubble bursts?
MARKETS frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high o
Read MorePakistan to open up mineral-rich Baluchistan to China 'Silk Road' firms
Pakistan's resource-rich Baluchistan province wants Chinese companies to kick-start a boom in its mining industry by including the sector into Beijing
Read MoreU.S. Unemployment Rate Hits 16-Year Low Despite Slower Job Growth
U.S. employers pulled back on hiring in May by adding only 138,000 jobs. Hiring was still enough to help keep pushing unemployment lower.The Labor Dep
Read MoreGreek Economy Unexpectedly Averted Recession in First Quarter
Greece?s economy unexpectedly expanded in the the first quarter, reversing an estimate that had showed it slipped back into recession.Gross domestic p
Read MoreIndian gold prices slip to discount ahead of new sales tax policy
Gold was sold at a discount to official prices in India for the first time in one-and-a-half months this week ahead of a new national sales tax regime
Read MoreGovernment may hike grain prices marginally under food law
With the relentless rise in the food subsidy budget, the Centre is under pressure to reduce the quantum of subsidy on food grains being supplied under
Read MoreIndian rupee seen as high as 63.80-75 against US dollar in next one month
The rupee, which has gained more than 5% against the dollar since the beginning of the year, is seen appreciating further in near-term. The extent of
Read MoreGMR Group to sell assets, refinance loans to cut debt
Indian conglomerate GMR Group plans to sell roads, power and airport assets and refinance its loans to help reduce debt and expand its business, its c
Read MoreJSW Steel gets nod for Rs 50,000-cr mega steel plant in Odisha
Sajjan Jindal-led JSW Steel got the go ahead to set up its 10 million tonne steel project in the state at Paradip at a cost of Rs 50,000 crore. The st
Read MoreNearly 3 lakh companies likely to face strict government action
The government has issued show cause notices to nearly 3 lakh firms that have not been carrying out business for long and are likely to face strict ac
Read MoreUS authorises LNG export from offshore JV with India
The US has approved a long-term application to export Liquefied Natural Gas (LNG) from an offshore project, which is a joint venture between an Indian
Read MoreGST will give more credit to exporters: DGFT
Director general of foreign trade Ajay Kumar Bhalla on Friday said exporters could end up getting more credit in their accounts once the Goods and Ser
Read MoreEconomic turnaround in Q1; sustain 8% growth in few years: Niti Aayog
NITI Aayog vice-chairman Arvind Panagariya said on Friday that the Indian economy was ?out of the woods? as the impact of demonetisation went. Panagar
Read MoreTax refund on stocks without invoice may go up
In some relief for business, the goods and services tax (GST) Council might on Saturday enhance the refund limit for input taxes already paid on exist
Read MoreNBCC to auction 11 office towers to raise Rs 12,000 crore
The state-run National Building Construction Corp (NBCC) hopes to raise Rs 12,000 crore through e-auction of 11 commercial towers in South Delhi, each
Read MoreAI's Debt may Keep Away Pvt Players: Panagariya
Air India's swelling debt of about `55,000 crore may not make it attractive for private players even as the government is firming up plans to sell its
Read MoreSpecial certificate courses may cost more under GST
The GST Council has exempted education but cost of higher education as specialised certificate courses is set to go up post roll out of GST. This is b
Read MoreGood news for India Inc as GST Council may consider raising input tax credit
India Inc., looking to scale down inventory ahead of the expected rollout of the goods and services tax (GST) on July 1 to overcome the tax credit pro
Read MoreDonald Trump while rejecting Paris Accord has placed a bet on his core support base
By a ratio of more than five to one, Americans in one recent poll said the United States should participate in the Paris climate change agreement that
Read MoreInfra stocks rally on debt reduction
Infrastructure stocks saw a buying rush on Friday led by GMR Infrastructure, which soared as much as 27 per cent during the day after it announced a 4
Read MoreGVK Power to sell stake to Fairfax India, exit Bangalore Airport project
GVK Power and Infrastructure Ltd, which operates the Mumbai airport, has sold its remaining 10% stake in Bangalore International Airport Ltd (BIAL) to
Read MoreKKR raises $9.3 billion PE fund to invest in Asia Pacific region
Global alternative investment management firm KKR & Co. has raised $9.3 billion for its investments in private equity transactions across the Asia Pac
Read MoreEssar offers to prepay LIC to save Rosneft deal
In an attempt to salvage the crucial deal with the Russian oil major Rosneft, Essar Oil has promised to prepay about Rs 800 crore loan to LIC immediat
Read MoreIn Second High-Profile Exit, Narain Walks Away from NSE
Ravi Narain, one of the founding members of National Stock Exchange, quit as vice-chairman and board member amid a probe by Securities and Exchange Bo
Read MoreBanks give Reliance Communications seven month window to escape debt trap
Reliance Communications got a seven-month respite on all its debt from bankers, bringing relief to a company that's been wracked by rating downgrades,
Read MoreDismissing Donald Trump's snarl, India vows to stay on the green path
India declared its commitment to the Paris climate agreement irrespective of what other countries do after President Donald Trump said the US would wi
Read MoreNotification No.RBI/2016-17/314
Introduction of Legal Entity Identifier for OTC derivatives markets
Read MoreApple App Developers, Including Indians, Earned Over $70 Billion
App developers from India are now creating amazing apps for its platform. Apple last year revealed plans for an iOS app design and development facilit
Read MoreNew cattle trade rules may slaughter a Rs.2,000-cr industry
The new rules restricting the trade of cattle in marketplaces for slaughter has set off a turmoil in the Rs.2,000-crore bone meal and gelatin industry
Read MoreRealty sector poised for better growth, say experts
The real estate sector is expected to grow better in the coming quarters of the current financial year, due to new supply of mid-segment and low-cost
Read MoreInformal economy struggles after demonetisation
India?s economic growth slowed for fourth consecutive quarter in the three months ended March. The slowdown would have been more severe if the impact
Read MoreGartner lowers Indian govt IT spending forecast to $7.8 billion in 2017
The Indian government is expected to spend $7.8 billion (over Rs50,263 crore) on IT in 2017, an increase of 7.5% over last year, research firm Gartner
Read MoreUber narrows losses on India growth
Uber, the on-demand ride service, trimmed its quarterly loss to $708 million on rising revenue; it also confirmed on Thursday the company?s head of fi
Read MoreAir India to sell prime real estate
Air India is planning to sell its properties and land parcels across the country. Civil aviation minister Ashok Gajapathi Raju met finance minister Ar
Read MoreMerger may be preferred route for ONGC, HPCL
The consolidation among public sector oil companies could start with a merger, rather than a takeover. Senior government officials say a merger or an
Read MoreIs China Headed for a Recession?
For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink bel
Read MoreGovernment targets to make 51 lakh houses in FY18 under PMAY-Gramin
The government has targeted construction of 51 lakh houses in 2017-18 that would meet its target of one crore houses by 2019 under the revised Pradhan
Read MoreOfficial data for PMGKY: Unaccounted funds at just Rs 5000 crore
Making an official announcement of the declarations under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) for the first time since the scheme ended in
Read MoreNext GDP series may use FY 2017-18 as base: Chief statistician TCA Anant
The government has started work on the next base revision of the gross domestic product (GDP) series that can most likely take fiscal year 2017-18 as
Read MoreGovernment looks to tweak financing model for skilling in favour of private companies
The government is looking to tweak its current financing model for skilling in favour of private players, who will be encouraged to take up in-house t
Read MoreFiling returns will no longer be taxing
There is an excitement in the country about GST. People want to understand the process of GST. Through this article, we present some points about the
Read MoreFMCG companies may stagger output as distributors unload stocks
Leading companies in the `2.5 lakh crore fast moving consumer goods sector are looking to stagger production as distributors and trade channels are de
Read MoreJSW Energy can power up quickly on higher demand
The stock of JSW Energy, one of the most efficient and lowest-cost power generators, trades at a multi-year low after the company reported weak perfor
Read MoreEcommerce biggies fight to untangle GST's multiple registrations knot
India's largest online retailers are lobbying hard against requirement to register in each state under the proposed goods and services tax (GST) regim
Read MoreAuto firms stay on course for a bumper year
Passenger vehicle sales stayed in the fast lane well into the mid-year, with expectations of good monsoon rains and a favourable macroeconomic environ
Read MoreAmerica?s Marigold Capital may buy Leela Chennai
American private equity fund Marigold Capital and Investments, a fund specialising in buying debt-ridden hotels and commercial real estate properties
Read MoreGovt Rules Out Top-Up for Telcos, But Ready to Lend Them a Helping Hand
The telecom department is unlikely to offer a financial package to bail out the debtburdened telecom sector ? as demanded by Reliance Communications ?
Read MoreMFs' pace of buying slows as shares surge
Mutual funds (MFs) have dropped the pace of buying amid the benchmark indices touching record highs in May. According to statistics from the Securitie
Read MoreSebi seeks replies from Yes Bank, ICICI and Axis Bank on bad loan divergences
The Securities and Exchange Board of India (Sebi) has sought explanations from three private sector banks which reported bad loans that diverged widel
Read MoreHoldings of top FPIs double in 3 years
The investment value of several top foreign portfolio investors (FPIs) in Indian shares has doubled or nearly doubled in the past three years. Governm
Read MoreUS visa vetting: Hand over email IDs, social media handles and job history
The Trump administration has rolled out a new questionnaire for US visa applicants worldwide that asks for social media handles for the past five year
Read MoreStrategic partnership model to boost FDI in defence: Arun Jaitley
Outlining its major achievements in defence, the NDA government on Thursday said there were many pending issues related to defence which have been res
Read MoreU.S. unemployment claims rise to 5-week high
The number of initial unemployment claims in the United States rose to a five-week high at the end of May, the Labor Department said.The department's
Read MoreManufacturing in U.S. Settles In at Solid Pace of Expansion
American factories are settling back into a solid pace of expansion after a post-election run-up that saw the Institute for Supply Management?s manufa
Read MoreToshiba, Western Digital trade barbs in row over $18-bn chip unit auction
Western Digital said on Thursday it is still seeking arbitration in a dispute with Toshiba Corp over the auction of its prized chip unit, arguing that
Read MorePPG ends $28 billion pursuit of Akzo Nobel
Paint giant PPG Industries Inc. dropped its $27.6 billion takeover pursuit of Akzo Nobel NV Thursday, ending an unusually bitter trans-Atlantic stando
Read MoreOPEC looked at extra 1-1.5 percent oil supply cut, could revive proposal
OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit
Read MoreFor banks, time has come to bite the bullet, says Uday Kotak
With public sector banks needing a huge dose of capital infusion to deal with stressed assets and to meet Basel-III capital requirements, Kotak Mahind
Read MoreFitch downgrades RCom; says default a real possibility
Fitch today downgraded telecom operator Reliance Communications to junk grade saying loan default is a "real possibility" and red flagged its poor liq
Read MoreModi, Putin agree to expand nuclear power plant, push defence ties
India and Russia on Thursday reaffirmed their ?special and privileged strategic partnership? and signed five pacts, including a crucial agreement on s
Read MoreIndia's manufacturing PMI falls to 3-month low in May
Manufacturing sector growth in the country moderated to a three-month low in May amid softer rise in new orders and production, a monthly survey showe
Read MoreAs U.S. retreats, EU and China seek climate leadership at summit
China and the European Union will seek on Friday to save a global pact against climate change from which U.S. President Donald Trump said he will with
Read MoreArun Jaitley says visible action on NPA?s soon
The resolution of the vexed issue of massive non-performing assets (NPAs) in the banking system is a work in progress and some ?visible action? will b
Read MoreAgri-businesses shrug off demonetisation impact, grow by 5.2% in March qtr
The country?s gross value added (GVA) in the agriculture, forestry and fishing sector grew 5.2 per cent in the January-March quarter, final one of the
Read MoreGDP to accelerate by 0.75% in FY18, says CEA Arvind Subramanian
Chief Economic Adviser Arvind Subramanian on Wednesday said the GDP growth is expected to further pick up by 0.75 per cent this fiscal on the back of
Read MoreTextiles industry wants uniform GST for whole value change
The consensus in the non-handloom part of the organised textile industry seems to be for a uniform goods and services tax (GST) rate. The GST Council
Read MorePan-India enrolment at 84%
West Bengal Finance Minister Amit Mitra had expressed ?serious doubts? about the country?s preparedness to meet the July 1 deadline for the goods and
Read MoreOrdinance likely to give teeth to anti-profiteering clause
The government might bring in an ordinance to penalise those who try to make quick money under the goods and service tax (GST) regime. With the GST ro
Read MoreAutomobile dealers stare at Rs 1,000 cr hit on transit stocks under GST
Automobile dealers could take a hit of Rs 1,000 crore because of the transitory provisions of the goods and services tax (GST). Dealers are entitled
Read MoreInvestment push for maritime projects to come from govt
Maritime projects worth Rs 8 lakh crore that failed to attract private investment will be executed by the shipping ministry through government funding
Read MoreGodrej family office to buy group realty fund business
The Godrej family office is taking over the fund management company set up last year by Godrej Properties.A source in the know said the group, led by
Read MoreIKEA acquires 14-acre plot in Bengaluru for third India store
Swedish retail giant IKEA has acquired a fourteen-acre plot on the outskirts of north Bengaluru to set up its third store in the country, which will p
Read MoreB2C e-commerce exports by MSME clusters pegged at $26 million
At a time when global online platforms, such as eBay, Amazon and Alibaba, are engaging with medium, small and micro enterprises (MSMEs) to push their
Read MoreIndia Inc's top line grows, but margins take a hit on expenses
India Inc reported steady progress in revenue and net profit growth for the March 2017 quarter albeit with marginal pressure on operating profitabilit
Read MorePM Modi to review GST groundwork before final roll out on July 1
Prime Minister Narendra Modi will on June 6 take stock of the readiness of the country for the roll out of goods and services tax on July 1. ?It will
Read MoreIndia's growth to accelerate to 7.5% in FY17 and 7.7% in FY18: Moody's
India's economic growth will accelerate to 7.5 per cent in current financial year and the government's reform push will help achieve 8 per cent GDP gr
Read MoreMaharashtra government offers VAT benefit to realty buyers
In a move that would impact all real estate transactions across the state, the Maharashtra government has issued a notification to levy Value Added Ta
Read MoreAhead of GST rollout, banks struggle with IT woes
Banks that had hoped the government would allow them centralised registration under the goods and services tax (GST) appear to have been caught unawar
Read MoreMaruti Suzuki to launch a fleet of SUVs in next three years
Maruti SuzukiBSE -0.87 % is working on a pipeline of SUVs to be launched over the next few years, emboldened by the success of its Vitara Brezza in th
Read MoreFPI inflow to India crosses FDIs? in March
Global investors? short-term interest in India has reached a 26-month high in March with investments by portfolio investors surpassing foreign direct
Read MoreIncorrect bankruptcy claims can backfire
India?s Bankruptcy Code, billed as the panacea for banks saddled with bad loans, could well backfire if the lender fails to correctly utilise the law.
Read MoreTop Fed official downplays risks of financial bubbles in US economy
A top Federal Reserve official downplayed the risks of financial bubbles to the current US economy Tuesday, instead pointing to low inflation as a cau
Read More$14.5 m in coins to grow this Bitcoin Blockchain Fund
Bitcoin Growth Fund (BGF), a blockchain-based startup fund, closed its first fund raising with $14.5 million (approx Rs 95 crore) as part of its initi
Read MoreChina?s New Cybersecurity Law Leaves Foreign Firms Guessing
As China moves to start enforcing a new cybersecurity law, foreign companies face a major problem: They know very little about it.The law ? which was
Read MoreGerman Unemployment Declines as Economy Poised for More Growth
German unemployment fell to a new record low as Europe?s largest economy continued to power ahead.The jobless rate dropped to 5.7 percent in May from
Read MoreEuro zone inflation slows in May, supporting ECB doves
Euro zone inflation eased by more than expected in May, reflecting dips in Germany and Spain among others and supporting European Central Bank policym
Read MoreJapan's Industrial Production Hits Highest Level Since 2008
A recovery in exports has helped drive Japan?s economy to five consecutive quarters of growth, the longest run in a decade. But there are risks to the
Read MoreChina May factory activity holds up on boost from steel, construction
China's manufacturing and services sectors expanded at a solid pace in May thanks to robust construction and infrastructure investment, welcome news f
Read MoreFederal official says US immigration crackdown could hit economy
The Trump administration's crackdown on illegal immigrants will likely weaken overall U.S. consumer spending and economic growth as those targeted for
Read MoreTrump to announce decision on global climate deal on Thursday
President Donald Trump said he would announce on Thursday his decision whether to keep the United States in a global pact to fight climate change, as
Read MoreIndia exploring new destinations such as Mexico for dairy exports
India is looking at new markets such as Mexico for export of dairy products in a bid to boost the growth in the segment. ?There has been a flat growth
Read MoreIndia sugar output expected to jump on decent monsoon
India's 2017/18 sugar production will likely jump a quarter from the previous year to 25 million tonnes as decent monsoon rains are forecast, the head
Read MoreGovernment?s wheat procurement grows 30% to reach 30 MT
After a sharp fall last year, the wheat purchase by Food Corporation of India (FCI) and state government agencies for the ongoing rabi marketing seaso
Read MoreGoods and Services Tax will spur 1,000 new listings, says BSE chief
India?s introduction of a single nationwide goods and services tax may have an unexpected consequence: prompting more companies to sell shares to the
Read MoreBanks invoke RBI?s SDR norms to take control of Ballarpur Industries
Lenders of Ballarpur Industries Ltd (BILT) will take management control of the cash-strapped company as part of strategic debt restructuring (SDR)?a R
Read MoreS4A Plan: Banks want RBI to waive promoters personal guarantee
Lenders have requested the Reserve Bank to exempt companies where they are looking to implement Scheme for Sustainable Structuring of Stressed Assets
Read MorePSBs borrow dollar from foreign banks via currency swaps
State-run banks are entering into reciprocal deposit agreements with their foreign counterparts to borrow dollars via cross-currency swaps to meet the
Read MoreBond rally may extend if RBI tempers hawkish tone
Indian bonds are likely to extend their rally in the coming weeks as the central bank is seen tempering its hawkish tone at the monetary policy review
Read MoreLanco Infra FY17 loss widens, says confident of quick turnaround
Losses of Lanco Infratech for the financial year 2016-17 widened to Rs 1,920 crore from Rs 115 crore on lower operational income and higher forex loss
Read MorePaytm in talks to snap up Snapdeal?s payment wallet
Japser Infotech which runs the e-commerce platform Snapdeal is understood to have received a definitive agreement from Alibaba backed One97 Communicat
Read MoreJabong GMV grows 30%; combined value with Myntra at $1 bn in FY17
The gross merchandise value (GMV) at Jabong has risen 30%, post the merger with Myntra in July, 2016, according to Ananth Narayanan, CEO of Myntra and
Read MoreGovernment cancels 7 PPAs for 7,040-MW projects sans fuel linkage
Uttar Pradesh has cancelled power purchase agreements (PPAs) with seven power projects with a cumulative capacity of 7,040 MW. The PPAs, signed in 201
Read MoreApril core sector growth slows to three-month low of 2.5%
The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement production.The growth rate of eight
Read MoreIndia, Spain Sign Seven Pacts During Prime Minister Modi?s Visit
India and Spain today (May 31) signed seven agreements, including on cyber security and technical cooperation in civil aviation, during Prime Minister
Read MoreGovt meets 3.5% fiscal deficit target in FY17
The government on Wednesday said it has achieved the fiscal deficit target of 3.5 per cent of gross domestic product (GDP) in 2016-17 (FY17).?Fiscal d
Read MoreGovernment sets up panel to identify items under IT Agreement
The government has set up an inter-ministerial panel to examine whether imports of products such as smartphones can be taxed without violating the cou
Read MoreExporters, importers need to quote GSTIN from Jul 1
Exporters and importers will have to declare the Goods and Services Tax Identification Number (GSTIN) from July 1, the scheduled date for the implemen
Read MoreAnil Ambani promoted RCom seeks refinancing of local debt till December
Reliance Communications (RCom), which has lost over a fifth of its market value in the last three days, is understood to have asked lenders to refinan
Read MoreAir India operating profit set to rise ahead of likely sale
Even as reports of the government looking to sell Air India gain ground, the national carrier is expected to report an operating profit of close to Rs
Read MoreNote ban drags Q4 GDP down to 6.1%
Demonetisation had a pronounced and rather broad-based adverse effect on the economy in the fourth quarter of last fiscal, official data showed on Wed
Read MoreNotification No.51/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 22/2017-Customs
Seek to further amend Notification No. 73/2006-Customs dated 10th July, 2006
Read MoreNotification No. 07/2017
Notification No. 07/2017
Read MoreNotification No. 06/2017
Declaration in Form 15G/15H to be furnished to the Deductor/Payer for each Finacial year.
Read MoreNotification No. 41/2017
[Notification No. 41/2017/F. No. 176/8/2017-ITA-I]
Read MoreNotification No.RBI/2016-17/313
Submission of Annual Information Return relating to issue of Bonds for ? 5 lakh or more under Section 285 BA of Income Tax Act, 1961 - Change thereof
Read MoreRBI likely to keep interest rates unchanged at review on June 7: Poll
The Reserve Bank of India is likely to keep interest rates unchanged at a review on June 7, but with inflation well below target its policy statement
Read MoreBank account number portability: Biggest move post demonetisation; you may soon be able to switch banks and keep your account number
Every time you change your bank, you have to change your bank account too, which means a new account number. But no longer now. If all goes well, just
Read MoreWith lens on Rs 5 lakh crore of loans, government turns focus on 50 top stressed accounts
About 50 stressed accounts have been identified as being on the watch list of the government, the Reserve Bank of India and, in some cases, vigilance
Read MoreGST impact: Insurance premium, bank charges to increase
The impending implementation of GST would undoubtedly impact one?s personal finances especially when it comes to financial services, albeit marginally
Read MoreSaudi Aramco-Hyundai in $5.2 bn shipyard deal
Saudi Aramco is to build the region's biggest shipyard in a $5.2 billion joint venture with South Korea's Hyundai Heavy Industries and others, the par
Read MoreVietnam to sign deals for up to $17 billion in US goods, services: Prime minister
Vietnamese Prime Minister Nguyen Xuan Phuc said on Tuesday he would sign deals for U.S. goods and services worth $15 billion to $17 billion during his
Read MoreGerman unemployment hits new low in May: official data
Unemployment in Germany hit a new all-time low in May, official data showed on Wednesday, in a sign that Europe's largest economy remains in rude heal
Read MoreSignals mixed on US economy
Consumer spending grew 0.4% from March to April, picking up after a soft start to the year, the Commerce Department said on Tuesday.But the annual inf
Read MoreSterling dips after projection suggests hung parliament
Previous opinion polls suggested Prime Minister Theresa May's party would increase its majority, which is currently 17 seats.But the projection, publi
Read MorePiramal Finance invests Rs565 crore in auto component firms RSB Group, Indoshell Mould
Piramal Enterprises Ltd on Tuesday said its subsidiary Piramal Finance Ltd has financed two auto component companies through structured credit transac
Read MoreIndia to be first in world to run all government ports on green energy
All 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all g
Read MoreHindalco Q4 net up 26% at 503 crore on better realisations
Hindalco Industries, an Aditya Birla Group company, reported 26 per cent increase in March quarter net profit at ?503 crore against ?400 crore logged
Read MoreState bond yields rise on GST impact apprehension
A cocktail of factors including the impact of the Goods and Services Tax on state finances and excess supply has spiked investor confidence boosting y
Read MoreGDP growth in FY17 may beat CSO estimate of 7.1%
The updation of the base year of the index of industrial production (IIP) and the wholesale price index, along with improved farm sector prospects and
Read MoreRs 100-cr fund to help MSMEs decipher tech compliance
The government has set aside Rs 100 crore to help small-and medium-scale enterprises tide over the goods and service tax (GST) compliance issues.The c
Read MoreState revenues to rise by Rs 40,000 cr, says Standard Chartered
The roll-out of the goods and service tax (GST) is likely to lead to a fiscal bonanza for states, with the additional revenue at the aggregate level l
Read MoreIndia, Germany sign 12 agreements
India and Germany on Tuesday inked twelve memoranda of understanding and agreements following bilateral delegation-level talks presided over by Prime
Read MoreProbe of Air India, Indian Airlines to cover gamut of 45,000-cr deals
The CBI?s decision to probe the merger of Indian Airlines and Air India, the purchase of 111 aircraft from Boeing and Airbus, and alleged irregulariti
Read MoreProfitability of organised retail may improve in near-term, says CRISIL
Operating margins of organised brick and mortar retailers are expected to improve by 100 basis points (bps) from about 6 per cent over next two financ
Read MoreConsumer spending, inflation data support Fed rate hike case
U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that
Read MoreEU May economic sentiment falls after near 10-year high in April
Euro zone economic sentiment fell in May from a near 10-year-high in April against expectations of a rise, as confidence mostly dropped in services, E
Read MoreGold imports shrink 13.5% to $27.4 bn in FY17
India's gold imports declined by about 13.5 per cent to $27.4 billion in 2016-17, which is expected to keep a lid on the current account deficit.Total
Read MoreOil falls on potential undermining of OPEC-led deal
Oil prices fell by 1 percent on Wednesday as rising Libyan production fueled concerns that OPEC-led output cuts are being undermined by several countr
Read MoreSteel makers to benefit from low ore prices: ICRA
Domestic steel mills may benefit from lower iron ore and coking coal costs in the current year but sustained weakness in demand still remains a concer
Read MoreP-Note investors may invest in Indian markets directly
Investors participating in Indian capital markets through Participatory-notes (P-notes) are likely to come in directly as FPIs, with Sebi's new propos
Read MoreIndian banks? bad loans may rise to 15% by March 2018: S&P
Indian banks? stressed assets are likely to increase to 15% of total loans by March 2018 even as their regulatory capital requirements will continue t
Read MorePower Grid Plans Capital Expenditure Of Rs 25,000 Crore For FY18
State-run Power Grid Corporation of India Ltd. has planned a capital expenditure of Rs 25,000 crore in the financial year 2017-18.?We have been aggres
Read MoreMahindra and Mahindra Q4 standalone net up 20% at Rs 725 cr
Mahindra and Mahindra (M&M) on Tuesday reported a 19.93% y-o-y increase in standalone net profits to Rs 725.16 crore for the three months to March. Pr
Read MoreJet Airways Q4 profit tanks 91%
Jet Airways, the country?s largest full-service airline by market share, reported a whopping 90.73% y-o-y decline in the standalone net profit to Rs 3
Read MoreHindalco reports 25% jump in standalone Q4 net profit at Rs 502.52 crore
Aluminium and copper major Hindalco posted a 25% increase in standalone profit for the quarter ending March 31, 2017, at Rs 502.52 crore, compared wit
Read MoreSwiggy raises $80 million in a round led by Naspers to fight rivals Zomato and UberEATS
Plans to double technology headcount and introduce a suite of new product and service offerings to enhance customer experience as it consolidates its
Read MoreNotification No. 41/2017 [F. No. 176/8/2017-ITA-I
Publish Date : Monday, May 29, 2017
Declaration in Form 15G/15H to be furnished to the Deductor/Payer for each Financial Year - Clarifications
Publish Date : Tuesday, May 30, 2017
Procedure for Acceptance of Statement of Financial Transactions from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
Publish Date : Tuesday, May 30, 2017
World economy not a zero-sum game: eurozone banker
A eurozone central bank governor says it is potentially dangerous to see the world economy in terms that suggest one country?s gain is another?s loss.
Read MoreFY17 GDP growth likely to be revised to 7.6%: SBI Research
India's GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 per cent and 7.6 per cent, respectively, because of new IIP a
Read MoreChina isn't the only country propping up North Korea
From illicit drug networks to coal exports to cyber-crime, North Korea has several ways to bankroll its nuclear weapons program.Much of the effort to
Read MoreGreece denies report it may opt out of July debt repayment
A Greek government spokesman denied a German newspaper report on Tuesday that it was considering opting out of a loan repayment in July if lenders cou
Read MoreBonds decline, call rates turn higher
Government bonds (G-Secs) declined on selling pressure from banks and corporates, while the overnight call money turned higher due to good demand from
Read MoreOil India Q4 net slips 95% on royalty outgo
Oil India reported a 95 per cent dip in net profit at ?19.31 crore for the fourth quarter of 2016-17.Net profit in the fourth quarter of 2015-16 stood
Read MoreIndia loses global market share in 61 export items
Readymade garments, gems and jewellery, and agricultural products, which have traditionally represented India?s exporting prowess, all lost market sha
Read MoreCentre expects to mop up Rs 55,000 crore by levying cess
The Centre expects to mop up as much as Rs 55,000 crore by levy of cess, including a big chunk from demerit and luxury goods, during the 9-month perio
Read MoreSnapdeal founders, NVP invest Rs 113 crore in parent company
Jasper Infotech Pvt Ltd, which owns e-commerce marketplace Snapdeal, has received Rs 113 crore in funding from founders Kunal Bahl, Rohit Bansal and e
Read MoreMukesh Ambani invests Rs 12,725 cr in gas pipeline firm RGTIL
Billionaire Mukesh Ambani has invested Rs 12,725 crore more in his unlisted gas pipeline company, Reliance Gas and Transportation Infrastructure (RGTI
Read MoreOil inches up in quiet holiday trade, focus on crude glut
Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity h
Read MoreIntense heat takes a toll on prices of vegetables by upto 45%
Vegetables prices have declined by up to 45 per cent over the past two weeks because of increasing supply.Farmers are rushing to harvest pre-matured
Read MoreTen national waterways to be made operational in 2018: Nitin Gadkari
Having secured Rs 2,000 crore from a central fund for development of water transport, operationalising at least 10 of the 111 national waterways (NWs)
Read MoreSaudi Reserves Dip Below $500 Billion as BofA Sees Headwinds
Saudi Arabia?s net foreign assets dropped below $500 billion in April for the first time since 2011 even after the kingdom raised $9 billion from its
Read MoreNeed to speed up capital formation for boosting steel consumption
It is now broadly accepted that the steel industry in the country is having a positive roadmap laid out for it in the coming months. The just publishe
Read MoreCement demand growth to recover to 4-5% in FY18: ICRA
Cement demand growth is expected to recover to around 4-5 per cent during 2017-2018, driven by a pick-up in the housing and infrastructure segments, a
Read MoreGold prices glitter on jewellers? buying
Gold prices rose by Rs100 to Rs 29,350 per 10 grams at the bullion market on Monday on increased buying by local jewellers even as the metal weakened
Read MoreOPEC ponders how to co-exist with US shale oil
First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas. The history of the rel
Read MoreSebi looks to tighten the screws on P-Notes
The Securities and Exchange Board of India (Sebi) proposes to levy a $1,000 fee on foreign portfolio investors (FPIs) for each participatory note (P-N
Read MoreRBI unlikely to cut rates, says Icra
The Reserve Bank is unlikely to cut rates at its policy review next week but the tone of the statement will be less hawkish than the previous one, dom
Read MoreGeneral insurance industry's premium grows 16% to Rs 12,206 crore in April
General insurance industry grew 16 per cent to Rs 12,206 crore in April in terms of gross written premium (GWP) collection.In April last year, GWP sto
Read MoreSyndicate Bank to raise Rs 3,500 crore in FY18
State-owned Syndicate Bank on Monday said it plans to raise up to Rs3,500 crore in the current fiscal through instruments such as a rights issue.The b
Read MoreJPVL Q4 net loss shrinks to Rs 229.82 cr
Jaiprakash Power Ventures Ltd (JPVL) today said that its standalone net loss narrowed to Rs 229.82 crore in the fourth quarter ended March 31, 2017. T
Read MoreAmazon pips Flipkart, grabs 44% of March transaction volumes
Amazon India commanded a higher market share of 44.6% in March 2017 while rival Flipkart had a share of 35.7%, data from research firm KalaGato Pte sh
Read MoreCoal India Q4 net profit falls 38% to Rs 2,716 cr
State miner Coal India on Monday posted a 38 per cent fall in net profit for the fourth quarter ended March at Rs 2,716 crore caused by lacklustre pow
Read MoreBHEL Q4 net profit down 57% at Rs 215.55 crore
State-run Bharat Heavy Electricals Ltd (BHEL)?s standalone net profit declined by 57% to Rs215.55 crore in the fourth quarter ended March, due to lowe
Read MoreJubilant Foodworks shuts 13 Dunkin Donuts stores, 8 Dominos stores as profit plunges 76 pct to Rs 6.7 cr
Jubilant FoodWorks which operates Domino?s Pizza and Dunkin? Donuts outlets in India, has shut 13 Dunkin? Donuts and 8 Domino?s stores in Q4FY17. The
Read MoreSensex hits record high for 3rd straight day, Nifty50 tops 9,600
The benchmark equity indices opened Monday?s session in the red and then swung wildly between gains and losses, before closing at a fresh lifetime hig
Read MoreWorld Bank cuts India's growth estimates in FY18 to 7.2%
The World Bank on Monday cut its estimate of India?s growth in gross domestic product (GDP) for the current and previous financial years. It cited the
Read MoreL&T beats estimates, Q4 net jumps 29.5%
Larsen & Toubro (L&T) posted a better-than-expected fourth-quarter profit, but missed its own revenue and order inflow guidance for the fiscal year an
Read MoreNotification No. 05/2017
TDS and filing of ITR in case both the parents are dead of minor.
Read MoreNotification No.RBI/2016-17/312
Auction of Government of India Dated Securities
Read MoreSan Francisco Fed's Williams: US economy doesn't need a fiscal package
San Francisco Federal Reserve Bank President John C. Williams said on Monday in Singapore that the U.S. economy was performing well and didn't need a
Read MorePensions time-bomb for world's biggest economies could explode to $400 trillion, says WEF
Future generations are on course to become enveloped in the biggest pension crisis in history, according to the World Economic Forum (WEF), unless pol
Read MoreReliance Communications posts second straight quarterly loss, hit by price war
Mobile phone network operator Reliance Communications has posted its second straight quarterly loss, hit by the price war which has broken out in the
Read MoreNTPC posts 25.5% fall in fourth-quarter profit on one-off charge
State-controlled utility NTPC Ltd reported a 25.5 percent fall in quarterly profit after taxes, hurt by higher expenses and a one-off charge on impair
Read MoreWorld luxury goods sales growth seen up 2-4 pct in 2017: Bain
Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 per cent at constant exchange rates in 2017, as higher spending in Eu
Read MoreNagaland Assembly passes State GST Bill
The Nagaland Assembly today joined the rest of the country in passing the Goods and Services Tax (GST) Bill. The bill was passed by voice vote at the
Read MoreGST Bill passed unanimously by Himachal Assembly
The Himachal Pradesh Assembly today unanimously passed the Himachal Pradesh Goods and Services Bill 2017 envisaging ?one country one cess? and paving
Read MoreProvident fund contribution to stay at 12 per cent
The Central Board of Trustees (CBT), the highest decision-making body of the employees? provident fund organisation (EPFO), on Saturday rejected the g
Read MoreFPIs stay bullish on India, pump in $4 bn in May
Foreign investors have pumped in nearly USD 4 billion in the country?s capital market so far this month due to finalisation of GST rates for bulk of t
Read MoreIndia's forex reserves at life-time high of USD 379.310 billion
The country's forex reserves rose by a whopping USD 4.036 billion to life-time high of USD 379.310 billion in the week ended May 19, helped by a surge
Read MoreSebi invites bids for courier service
Markets regulator Sebi has invited bids from independent agencies, which will be responsible for delivery of valuable documents within and outside Ind
Read MoreSensex hits 31,200 mark, Nifty tops 9,600; ITC, HDFC top gainers
BSE Sensex eased after hitting record highs early on Monday as a string of weak quarterly results, including from Sun Pharmaceutical Industries and Re
Read MoreIsrael?s resilient economy can use a tune-up
A report on the socioeconomic situation in Israel published on Sunday has underlined the two faces of the country's economy. The successful high-tech
Read MoreFor high-flying China, signs of a hard landing are now clear
The first hints of China's economic performance this month suggest that a slowdown in growth is taking hold, as policy makers beef up efforts to clamp
Read MoreDirect benefit transfer results in Rs 50,000 cr savings: Shah
The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transf
Read MoreVarious tax slabs under GST worry traders: CAIT
Classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across
Read MoreIndia, Russia plan Free Trade Agreement in Eurasian region
India and Russia, both looking to undertake joint economic projects in the resource-rich Eurasian region, are expected to launch a process to create a
Read MoreIndia seen staying fastest growing major economy in January-March quarter: Poll
India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and service
Read MoreShort-term outlook remains bullish for gold
Gold prices remained steady last week. Lack of fresh triggers kept the prices broadly range-bound for most part of the week. Though the global spot go
Read MoreGDP FY17: Estimates & Expectations
The Modi govt?s three years in office coincide with an overhaul of economic indicators. ET takes a look at the estimates for growth in 2016-17, two da
Read MoreETFs back in demand
With the strong performance by benchmark indices, investors are increasingly opting for passive investment options or exchange-traded funds (ETFs). Th
Read MoreBMW to Stop Production in China, South Africa on Shortage
Production at the factories in Shenyang and Rosslyn is likely to stop for a day, while its plant in Leipzig, Germany, is expected to be partially shut
Read MoreFlipkart's Snapdeal muscle will help it fight Amazon
It?s not all liability that online retailer Flipkart is inheriting once it merges with Snapdeal. Snapdeal, while it has had its flaws, has strengths t
Read MoreTorrent Pharma turns towards Brazil, Germany as share of US biz halves
As US business slows down owing to stiff competition and subsequent price erosion in the generic space, drug major Torrent Pharmaceuticals has turned
Read MoreTata Tele's net worth erodes by Rs 11,650 cr
The woes of Tata Teleservices continue to mount with its net worth eroding by Rs 11,653 crore at the end of the financial year ended March 2017, on ri
Read MoreIOC overtakes ONGC to become India's most profitable PSU
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. IOC, which has for decades
Read MoreTV, AC To Cost More, Smartphones To Be Cheaper Under GST
Aerated drinks and consumer durables like televisions, air-conditioners, washing machines and refrigerators will cost more, while smartphones, small c
Read MoreEPFO to invest Rs 20,000 crore in equities in FY18
Retirement fund body EPFO will invest Rs 20,000 crore in exchange traded funds this fiscal as it has decided to raise the investment limit in ETFs, Un
Read MoreBank of Baroda to raise Rs 9,000 crore via equity dilution in 2017-18
State-owned Bank of Baroda (BoB) plans to raise Rs 9,000 crore through various instruments, including follow-on public offer (FPO), to fund growth dur
Read MoreAnother year of woes in offing as ageing bad loans drag down banks? profits
With more non-performing assets (NPAs) ?ageing?, and consequently requiring more provisions, banks? profits could continue to be under pressure for an
Read MoreMuted growth in revenues pressures India Inc profits
With barely a handful of companies surprising the Street, the March quarter earnings season has been a big disappointment. If the headline numbers app
Read MoreTDS and filing of ITR in case both the parents are dead of minor
Publish Date : Monday, May 29, 2017
Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961 - Exemption thereof
Publish Date : Monday, May 29, 2017
Govt permits DIPP to grant defence industrial licences
The government on Friday said the Department of Industrial Policy and Promotion (DIPP) will now process the applications for grant of licence for manu
Read MoreGovt in talks with SoftBank for funding 2 lakh e-buses
To promote electric vehicles on a mass scale, the government is holding initial talks with Japanese investment firm SoftBank for low-interest funding
Read MoreCircle rates slashed by 3-8% in Gurugram, housing demand to get a boost
The reduction in circle rates of properties across Gurguram will benefit home buyers and developers along with reviving the sluggish real estate marke
Read MoreRBI allows co-operative banks to issue mobile wallets
The Reserve Bank of India (RBI) has allowed co-operative banks, who are permitted to install ATMs and issue debit cards, to also issue prepaid payment
Read MoreCyprus' economy expected to pick up speed over next 2 years
Cyprus' economic growth is projected to pick up from 2.8 percent this year to around 3 percent annually over the next two years, the governor of the e
Read MoreHigher pay in May, or some other day?
Through the global economy's recovery over most of the past decade from a debilitating financial crisis, one thing that has not turned higher in any m
Read MoreChina?s industrial profits up 14 percent in April but slowing pace stokes economy worries
Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace
Read MoreMonthly sales performance: 7% growth in April; here?s all you want to know
The latest CII and BCG monthly growth survey of CXOs across sectors to track monthly sales performance, shows that April sales grew by 7% across respo
Read MoreIndian economy took 31 years to increase by 10x to $2.3 tn; next phase of similar rise will take half the time
With the Modi government embarking on its fourth year of governance, it would be interesting to introspect on the last three years of policy trajector
Read MoreSun Pharma says 2018 sales may fall as US market gets tougher
India's largest drug group Sun Pharmaceutical Industries Ltd said on Friday its U.S. sales might fall this year because of pressure on drug prices, si
Read MoreJapan's investments in India getting diverse
Even as the Modi government was finetuning various aspects of GST over the past year to put the tax regime in place eyeing to attract bigger volume of
Read MoreBonds up, call rates end lower
Government bonds (G-Secs) gained further on good buying support from banks and corporates. The overnight call money rates, however, ended lower at the
Read MorePetrol, diesel prices to be hiked on June 1
Petrol and diesel prices are going to rise across the country from midnight May 31/June 1.According to the daily fuel price data for five cities relea
Read MoreONGC Q4 net profit 6% down at Rs 4,340 crore
State-owned explorer Oil and Natural Gas Corp. (ONGC) on Friday said its net profit declined 6% to Rs4,340 crore in the January-March quarter from a y
Read MoreArcelorMittal wins bid to buy Italy's Ilva steel plant
ArcelorMittal and steel processor Marcegaglia have won a bid to buy troubled Italian steel plant Ilva, a source with knowledge of the matter said on F
Read MoreEffective coal prices to fall by Rs 100-150 under GST
The effective price of coal for consumers is likely to decrease by Rs 100-150, as the country heads moves to a uniform tax regime under the Goods and
Read MoreTrade pact with Mauritius may go live by end of the year
After announcing last year that it was willing to revive talks on a trade pact with India, Prime Minister of Mauritius Pravind Kumar Jugnauth had expr
Read MoreUS economy grows at tepid 1.2%; business spending softens
The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter
Read MoreOPEC oil cut extension renews Asia's crude supply worries
The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while ref
Read MoreOil Nears $50 as Investors Temper Disappointment Over OPEC Deal
Oil recovered some of its mojo, nearing $50 a barrel again, as investors tempered their disappointment over OPEC?s output agreement.Futures rose in Ne
Read MoreSebi issues listing norms for NCDs in mergers and acquisitions
The markets regulator, the Securities and Exchange Board of India (Sebi), on Friday issued a new framework for listing of non-convertible debentures (
Read MoreRupee pushes ahead to 1-week high at 64.44 on capital glut
The rupee on Friday hit its upward trajectory against the dollar for the third straight day, surging 18 paise more to end at a one-week high of 64.44,
Read MoreHPCL Q4 net up 31% on inventory gains
State-owend fuel retailer Hindustan Petroleum Corp (HPCL) on Friday reported a 31% jump in the March quarter net profit on higher refining margins and
Read MoreSoftBank to buy Tiger Global?s stake in Ola
Japan?s SoftBank is reportedly in talks with Tiger Global ? the second largest shareholder in ANI Technologies ? the parent company of online cab aggr
Read MoreGST will lead to more organised logistics sector: Icra
The Goods and Service Tax (GST) rollout is likely to improve the flow of goods on account of reduction in turnaround time as VAT related check posts w
Read MoreTo hike take-home pay of employees, government plans to cut employers? contribution to 10%
In a move that will increase the take-home pay of employees, the government plans to prune employers? contribution to the employees? provident fund (E
Read MoreIndia?s forex reserves hit record high at $379 bn
Foreign exchange reserves hit a record high for the third time since April to touch $379.3 billion as on May 19, data published by the Reserve Bank of
Read MoreFabulous Friday; Sensex tops 31000, Nifty past 9600 on Modi?s 3-year anniversary
Indian benchmark indices opened flat on Friday as the Asian stocks dropped, turning away from Wall Street?s strong performance overnight. The Organiza
Read MoreCBDT issues clarification on furnishing statement of financial transactions
The Central Board of Direct Taxes (CBDT) on Friday issued a clarification on furnishing statements of financial transactions. It said that Section 285
Read MoreMizoram GST Bill passed unanimously
Mizoram assembly unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017 in a one-day special session of the legislature today. State T
Read MoreIndia?s retirement savings gap to rise to $85 trillion in 2050: World Economic Forum
Size of retirement savings gap in India is expected to touch USD 85 trillion by 2050 from the current shortfall of USD 3 trillion largely due to longe
Read MoreIndiana leads crusade by US States to attract Indian IT cos
States in the US are looking to roll out the red carpet for Indian IT services companies, with Indiana offering as much as $31 million in incentives t
Read MoreAn Elephantine Issue Lurks in GST Fine Print
Will ivory, banned decades ago by India and many major countries, be legally traded under GST, ask the environment ministry and the Wildlife Crime Con
Read MorePuducherry Chief Minister V Narayanasamy presents tax-free budget for 2017-2018
The 2017-18 budget presented on an outlay of Rs 6,945 crore by Puducherry Chief Minister V Narayanasamy on Thursday offers some relief for the tax-bur
Read MoreJanuary-March quarter sees robust M&A deals: EY study
Buoyant on the mega Vodafone India-Idea Cellular deal and a strong economic outlook, Indian M&A deals rose 23 per cent to $15.8 billion in the first q
Read MoreBonds rebound, call rates finish lower
Government bonds (G-Secs) rebounded on good buying support from banks and corporates.While, the overnight call money rates ended lower at the money ma
Read MoreCambridge Tech?s Full-year Profit Soars 86 Percent to Rs 17 Crore
Cambridge Technology Enterprises (CTE) has registered a net profit ofRs 4.4 crore in the fourth quarter ended March 31, 2017, as againstRs 2.1 crore
Read MorePak economy hits new high
Cash-strapped Pakistan?s economy for the first time crossed the $300-billion mark and achieved 5.28 per cent GDP growth in FY17, against the target of
Read MoreM&M ramping up electric vehicles production
Taking a cue from the recent NITI Aayog report which set a target to achieve 100 per cent electric fleet in India by 2032, Mahindra & Mahindra said it
Read MoreIOC net profit zooms in Q4
Aided by higher inventory gains on crude oil, Indian Oil reported an 86 per cent increase in net profit for the fourth quarter of 2016-17 to Rs. 3,721
Read MoreMercedes-Benz cuts prices of Made in India cars by up to Rs7 lakh
Mercedes-Benz India Pvt. Ltd on Thursday said it is reducing the prices of all locally made cars to align with prices in the goods and services tax (G
Read MoreAlibaba to lead $1bn funding for food delivery startup
E-commerce giant Alibaba and its financial services affiliate plan to lead an investment round of at least $1 billion in a Chinese food delivery servi
Read MoreFed's Evans sees serious policy miss on U.S. inflation
Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for deliver
Read MoreChina's Rating Cut Exposes Firms Hooked on Dollar Borrowing
China?s first credit rating downgrade by Moody?s Investors Service since 1989 couldn?t have come at a worse time for the nation?s companies, which hav
Read MoreGold stays strong on global cues, jewellers? buying
Rising for the second straight day, gold prices gained ?50 to ?29,150 per 10 grams at the bullion market today on firm trend overseas and sustained bu
Read MoreTax burden on gold should reduce under GST regime: WGC
The World Gold Council today urged the government to reduce the tax incidence on gold and gold products under the new Goods and Sevices Tax regime. ?I
Read MoreCrude oil weakens as OPEC disappoints with `safe bet' extension
Oil weakened after OPEC was said to agree to extend output cuts for another nine months, disappointing investors who had hoped for more.Futures erased
Read MoreSensex soars 448 pts to chart new record high on expiry day, Nifty tops 9,500
Bulls staged a smart bounce back on the final day of May F&O expiry, boosted by short covering by investors in frontline banking, IT and other large-c
Read MoreRupee gains strength, up 11 paise at 64.62 vs dollar
In line with soaring equities, the rupee strengthened further by 11 paise to end at 64.62 today on sustained selling of the US dollar by exporters and
Read MoreRBI allows co-op banks to issue PPIs, but with riders
The Reserve Bank of India (RBI) on Thursday released guidelines for issuance of prepaid payment instruments (PPIs), or prepaid wallets, by cooperative
Read MoreCCI approves Tata acquisition of Docomo stake in Tata Teleservices
Fair trade regulator Competition Commission of India (CCI) has approved Tatas? purchase of 21.63% stake in group firm Tata Teleservices from Japan?s N
Read MoreExport Development Canada provides $215 m loan to Idea
Canadian export credit agency, Export Development Canada (EDC) has given a $215 million loan to India?s third largest telecom operator, Idea Cellular.
Read MoreIndian Oil FY17 net up 70% at Rs 19,106 crore
Indian Oil Corporation?s (IOC) chairman B Ashok will sign off on a high when he demits office on May 31 as the company registered a 70% growth in annu
Read MoreAshok Leyland Q4 net profit soars to Rs 476 cr
The country?s second largest commercial vehicle manufacturer, Ashok Leyland on Thursday beat estimates by reporting a net profit of Rs476 crore during
Read MoreGST service providers say small biz lacks readiness for July 1 roll-out
With a little over a month remaining for the roll-out of the Goods and Services Tax (GST), concerns over preparedness of taxpayers ? especially small
Read MoreMoody?s downgrades IDBI Bank rating on weak capitalisation
Moody?s Investors Service on Thursday downgraded state-owned IDBI Bank?s rating citing asset quality concerns and extremely weak capitalisation.The ra
Read MoreGDP to grow at 7.1% in Q4 FY17, says Icra
India?s economy is expected to grow at 7.1 per cent in the fourth quarter of FY17, as remonetisation has gained steam, according to Icra. Gross domest
Read MoreDebt recast drops HCC loans to Rs 2,967 cr from Rs 4988 cr
Following a restructuring of its debt via the sustainable structuring of stressed assets (S4A) scheme, HCC?s loans have fallen to Rs2,967 crore from t
Read MoreIndia might have to reduce $900-bn export target by 2020, says FIEO
India may have to reduce its target of exporting $900 billion worth of goods by 2020, as the current growth rate doesn?t support the target, the Feder
Read MoreGovernment enlarges startup definition, benefits to now flow for 7 years
India enlarged the definition of what constitutes a startup to a venture that's as much as seven years old from five now, relaxed the norms for tax be
Read MoreGlobal regulators expect deal soon on finalizing capital rules
Global regulators will soon finalize a suite of rules to ensure banks across the world hold enough capital to withstand rocky markets without taxpayer
Read MoreRaymond stares at Rs 650-cr loss as Singhanias fight over JK House
Want to buy brand new flats in South Mumbai?s Breach Candy, where realty prices quote in lakhs of rupees per square foot (psf), at Rs 9,200 psf? That
Read MoreGST regime: Anti-profiteering body likely to be under CBEC framework
The proposed anti-profiteering body under the goods and services tax (GST) regime is likely to be set up under the framework of a restructured Central
Read MoreEconomy doing fine, say CEOs
The Narendra Modi government has received a big thumbs up from India Inc leaders as it completes three years in office.The government, they said, had
Read MoreNotification No.50/2017 Customs (N.T.)
Amendment to notification 63/94-Customs (N.T), dated 21.11.1994 so as to notify Valmikinagar in West Champaran District, Bihar as a Land Customs Stati
Read MoreNotification No. 21/2017-Customs
Notification under Section 28A of Customs Act, 1962 to exempt import of cut & polished diamonds during period 9th March, 2012 to 1st March, 2017 by th
Read MoreNotification No. 40/2017
[Notification No. 40/2017/F. No.173/429/2016-ITA-I ]
Read MoreNotification No.RBI/2016-17/311
Regulatory requirements for issue of Pre-paid Payment Instruments by Co-operative Banks
Read MoreNotification No.RBI/2016-17/310
Formation of new districts in the State of Arunachal Pradesh - Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2016-17/309
Submission of Annual Information Return relating to issue of Bonds for ? 5 lakh or more under Section 285 BA of Income Tax Act, 1961 - Change thereof
Read MoreNotification No.RBI/2016-17/308
Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2017-18 - regarding
Read MoreGlobal power implications of the?Belt and Road? initiative
Chinese leaders? pronouncements on their country?s ?Belt and Road? initiative are likely to compel observers to revisit the debate in classical econom
Read MoreGE's Saudi joint venture to start gas turbine production this year
General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year, the chief executive of its
Read MoreGold steady as dollar slips on Fed minutes
Gold held steady on Thursday to keep most of its gains from the previous session, with the dollar slipping after minutes of the US Federal Reserve?s l
Read MoreHow Goods and Services Tax will impact under-construction projects
Although the Goods and Services Tax (GST) rates have already been finalised on most of the goods and services, calculating the real impact appears a m
Read MoreAsset quality pressure continues to weigh on MFI industry
The microfinance industry that has faced rough weather in the past few months, with demonetisation coupled with elections in a few states putting the
Read MoreMongolia gets financial aid totalling $5.5bn from IMF
In return, Mongolia agreed to cut spending and raise taxes as well as build a stronger network for its financial services.The resource-rich nation suf
Read MoreBritish quarterly economic growth revised down to 0.2%
Economic growth in Britain came out weaker than originally expected in the first quarter, revised official data showed on Thursday. Two weeks before t
Read MoreGST will help lower food inflation by 2 per cent: Radhamohan Singh
India has said that the implementation of the Goods and Services Tax (GST) will benefit farmers and reduce food inflation, as grain and milk would rem
Read MoreIndigenisation drive: Cabinet opens up $600 billion market for domestic manufacturing firms
The public procurement policy that the Cabinet approved on Wednesday offers a major push towards the government?s indigenisation drive, opening up a p
Read MoreAcko General Insurance raises $30 million in seed round
Acko General Insurance, an independent general insurer whose entire operations are through the digital platform, has raised $30 million in a seed roun
Read MoreTop banks' Q1 commodity revenue slides 29 pct to 11-year low
Commodities-related revenue at the 12 biggest investment banks fell 29 percent year-on-year in the first quarter of 2017 to its lowest in more than a
Read MoreBond market has ?huge potential for growth?
Bond market needs to be developed further to cater to the requirements of infrastructure and other key sectors of the economy, according to Manoj Kuma
Read MoreONGC Videsh turns profitable in fiscal 2017
Public sector undertaking Oil and Natural Gas Corporation?s overseas arm ONGC Videsh Ltd (OVL) has reported a net profit of Rs.1,749 crore for financi
Read MorePricing pressure universal, likely to continue, says Lupin MD
Pricing pressure seems to be universally there across markets in the US, India or Japan, says Nilesh Gupta, Lupin Managing Director, tempering growth
Read MoreVoltas, Turkish co in $100-m venture for consumer durables
Tata Group company Voltas and Turkey?s Ardutch (a subsidiary of Ar?elik) have forged an equal joint venture company in India with an equity capital of
Read MoreIndiabulls Group enters LED lighting business
Indiabulls Group, which operates in real estate, infrastructure and housing finance, has entered the LED lighting business with plans to capture up to
Read MoreRBI stance on forex accounting hurts banks
The RBI has been busy issuing numerous directives and circulars for banks on the bad loans front over the past couple of months.But there was a low-ke
Read MoreChina's Geely buys 49.9 percent of Malaysian automaker Proton
Geely [GEELY.UL], the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from cong
Read MoreIKEA: Will not use online route to push growth
Swedish retail giant IKEA is looking at using ecommerce only to supplement sales in cities it would open stores in as it aims to grow its business in
Read MoreItzCash investors make big bucks, sell 80% of the firm for Rs 800 cr
Digital payments fintech firm ItzCash on Wednesday said that it has sold 80 per cent of the company's stake to US headquartered, Ebix, Inc., an intern
Read MoreJapan government keeps its views of the economy unchanged in May
Japan's government has kept unchanged for May its overall assessment of the economy - that it is recovering gradually, though pockets of weakness rema
Read MoreOil Shrugs Off U.S. Supply Drop as Investors Await OPEC Meeting
Oil investors shrugged off declining U.S. stockpiles as they held their breath ahead of OPEC?s meeting on Thursday. Anticipation is building up as OPE
Read MoreFinancial sector readies for IPO rush worth over Rs 20,000 crore
The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial
Read MoreNon-food credit growth improves to 6.39%
Growth in non-food credit improved to 6.39% year-on-year (y-o-y) during the fortnight ended May 12 from 5.07% in the previous fortnight, according to
Read MoreGVK Power & Infra Q4 net loss widens to Rs 206 cr
GVK Power and Infrastructure's standalone net loss widened to Rs 205.85 crore in the fourth quarter ended March 31, 2017.The company's net loss in the
Read MoreHCL Technologies proposes share buyback at 17% premium for Rs3,500 crore
India?s fourth largest software services firm HCL Technologies on Wednesday said it will buyback shares at Rs1,000 apiece, a 17% premium over current
Read MoreCabinet nod to raising bonds of Rs 2,360 cr for green energy
The Union cabinet on Wednesday accorded its approval to raising bonds worth Rs 2,360 crore for development of renewable energy, an official said here.
Read MoreExports from SEZs up 12 % to `5.24 lakh cr in 2016-17
Exports from special economic zones (SEZs) grew by about 12 per cent to Rs 5.24 lakh crore in 2016-17, according to data of the commerce ministry. The
Read MoreGST to add 40 bps to growth rate; won't stoke inflation: HSBC
The GST rollout will add 40 bps to GDP, lower than earlier estimates as multiple tax rates and exemptions announced under it are far from an 'ideal' s
Read MoreUDAY points a brighter picture, saves Rs 7,900cr for Discoms
The performances of several state electricity distribution companies (discoms) have seen an improvement since they signed up for the Ujwal Discom Assu
Read MoreArcelorMittal agrees on concessions to seal delayed $897 million JV with Sail
ArcelorMittal, the world?s largest steel producer, said on Wednesday it has agreed to make concessions to Steel Authority of India on technology trans
Read MoreSoutheast Asia's Biggest Startup Files for $1 Billion IPO, Sources Say - BBG
Southeast Asia startup Sea Ltd has filed for a potential U.S. initial public offering that could raise about $1 billion, Bloomberg reported on Tuesday
Read MoreMoody's China downgrade rattles Asian stocks, Aussie dollar
Chinese stocks fell and the Australian dollar skidded on Wednesday after Moody's downgraded its sovereign credit rating on China, adding to worries ab
Read MoreSBI to sell bad loans worth Rs1,471 crore to ARCs in bid to clean up books
India?s largest lender State Bank of India (SBI) has put on block bad loans with outstanding balance of Rs1,471.47 crore on sale to asset reconstruct
Read MorePaytm Payments Bank launched; 10 points guide on what it means for you
Paytm on Tuesday became the third entity after Airtel and India Post to launch the Payment Bank in India. The bank claims to be India?s first bank wit
Read MoreJapanese retailers looking to enter Indian market dominated by European, US brands
India?s rapidly growing fashion and accessories segment has caught the fancy of Japanese retailers and several of them are getting ready to enter a ma
Read MoreGet ready to file your ITR: Deadline for employers to provide Form 16 is May 31
The time has come for your employer to inform you about the taxes deducted in the previous year i.e. for the financial year 2016-17. Each month, the e
Read MoreChinese automaker Geely to buy Lotus, acquire stake in Malaysian manufacturer Proton
Chinese automaker Geely has agreed to buy a 49.9 percent stake in Malaysian manufacturer Proton, in a deal aimed at reviving the loss-making company.
Read MoreReturn Filing - Under GST, this is how you will file tax returns from July 1
Small businesses are the backbone of Indian economics. They drive the velocity of country's economics, industrial growth, and catalyst for job creatio
Read MoreSingapore?s inflation remained low in April, but that?s all about the rent
Inflation in Singapore remained benign overall in April, data on Tuesday showed, coming in lower-than-expected, but that's largely because housing cos
Read MoreRecord high for foreign investment in Scotland
There were 122 foreign direct investment deals done over the course of last year, up from 119 in 2015.The EY Scotland Attractiveness Survey showed Sco
Read MoreJapan manufacturers' mood slips despite econ recovery
Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey fou
Read MoreAsian Development Bank to provide $500 mn for Rajasthan?s road project
Asian Development Bank (ADB) will provide Rajasthan USD 500 million loan (about Rs 3,238 crore) in tranches to improve road transport in the state. AD
Read MoreBond yields rise, call rates rule stable
Government bonds (G-Secs) dropped on Tuesday on heavy selling pressure from banks and corporates. While, interbank call money rates remained steady as
Read MoreJindal Steel to return to profit by end of FY18: CEO Ravi Uppal
Jindal Steel and Power Ltd (JSPL) is likely to return to profitability by the end of the current fiscal, managing director and group chief executive R
Read MoreJK Paper lines up Rs 650 crore for investment, capex
JK Paper Ltd (JKPL) has lined up an investment of around $100 million (Rs 650 crore), part of which will be accounted for by the International Finance
Read MoreIndian M&A deals up 23% to $16 bn in Jan-March even as volumes remain flat
M&A activity involving Indian companies during the quarter (January-March 2017) stood at 252 deals with a total disclosed value of $15.8 billion, up f
Read MoreVideocon loses one-third of market value after stock slump
The stock of Videocon Industries fell by 34.5 per cent in the last two days as lenders sold shares pledged by its promoters against loans. The shares
Read MoreEuro zone business kept up fast pace in May: PMI
Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's
Read MoreOPEC Close to Agreement to Extend Oil-Supply Cuts for 9 Months
OPEC and its allies were close to an agreement to extend their oil-production cuts for another nine months as they seek to prop up prices and revive t
Read MoreIndia gold imports to plunge in festive months after pre-GST purchases
India's gold imports could plunge in 2017 during the traditional period of peak demand in the second half of the year, after jewellers have aggressive
Read MoreCentral Bank of India to raise up to Rs6,500 crore this fiscal
Central Bank of India will raise up to Rs 6,500 crore this fiscal through various means, including preferential issue or follow on public offer.The bo
Read MoreRupee hits 7-week low, slides 34 paise to 64.89
The rupee took a hefty knock after a brief two-day recovery against the US currency and slumped by a whopping 34 paise to end at a fresh seven-week lo
Read MoreFrom PSBs to private lenders, bad loan recovery by banks improve
Recoveries of bad loans by banks have seen an improvement in the March quarter of FY17, both on a sequential and year-on-year (y-o-y) basis, data comp
Read MoreJSW Steel?s Rs 26,899 cr expansion plan to hit repayments
JSW Steel?s Rs26,800 crore capacity expansion plan over the next four years (2018-21), though seen as growth investments by analysts, is likely to sta
Read MoreTata Motors Q4 net falls 17% to Rs 4,295.9 crore
Tata Motors on Tuesday said its consolidated net profits had fallen 17% year-on-year to Rs4,295.9 crore for the quarter ended March. The numbers surpa
Read MoreIndia?s digital economy set to grow from $270 bn to $1 tn by 2024, says Ravi Shankar Prasad
India?s digital economy is expected to grow from the current $270 billion to around $1 trillion in the next 5-7 years, aided by the exponential growth
Read MoreIndia?s lines of credit to Africa touches $8 billion
Prime Minister Narendra Modi on Tuesday pledged greater engagement with Africa, seeking to build on economic ties that have grown by leaps and bounds
Read MoreEconomic growth to remain subdued at 6.6% in Q4 FY17: D&B report
Weak investment activity is likely to restrain economic growth at 6.6 per cent for the quarter ended March 2017, says a Dun and Bradstreet report. Goi
Read MoreOn July 1, prices of cable, DTH, medicines may fall, but cinema tickets, cigarettes set to pinch pocket
Come July, smoking cigarettes may not pinch the pocket but cinema tickets are unlikely to become cheaper. Instead stay home and watch a movie since DT
Read MoreAirtel adds 2.85 million subscribers in April, slowdown in Jio additions
Market leader Bharti Airtel added 2.85 million mobile phone subscribers in April, taking its total to 276.5 million, the Cellular Operators Associatio
Read MoreNew tax reform to draw Indian businesses into digital economy
India?s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark
Read MoreIndia could invest in Aramco IPO to strengthen ties
India said on Monday its state refiners could become cornerstone investors in Saudi Aramco when it floats its shares next year, as New Delhi seeks to
Read MoreGST impact on economy: Five things to watch out for
While the lower Goods and Services Tax (GST) rates may lead to a decline in inflation, economic growth may not improve significantly in the short term
Read MorePortugal back to fiscal health, says EU
This brings it well below the EU limit of 3% and allows it to exit the Commission's excessive debt procedure.After its 2011 bailout, Portugal saw aust
Read MoreGovernment borrowing at three-year April high
Public sector net borrowing, excluding public sector banks, was ?10.4bn last month, up by ?1.2bn from April 2016. Public sector net debt was ?1.72tn,
Read MoreSingapore April core CPI rises at fastest pace since October 2014
Singapore's core inflation accelerated a stronger-than-expected 1.7 percent in April from a year earlier, the fastest pace since October 2014, data sh
Read MoreEuro zone business kept up fast pace in May - PMI
Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's
Read MoreMahindra and Mahindra lines up mega expansion in electric vehicles
Mahindra and MahindraBSE 1.71 % is building electric vehicles that will cover 300 kms on a single charge -more than double of what it currently offers
Read MoreKotak sells $261 million stake in bank
Kotak Mahindra Bank's billionaire head Uday Kotak sold a less than 1 per cent stake in the lender in stock market transactions on Monday, complying wi
Read MoreFisheries sector expected to touch Rs 1.5 lakh crore by 2020: Assocham
Urging the government to double the outlay of Rs 3,000 crore for development and management of fisheries sector, apex industry body Assocham on Tuesda
Read MoreUS plan to sell oil reserves undermines OPEC supply management efforts
US President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OP
Read MoreGST may push up cost of solar power projects
The goods and services tax may increase solar energy project costs by 12%-18% and generation costs by 40-50 paise per unit, some industry leaders said
Read MoreCBDT signs two more Unilateral APA's with Indian taxpayers
The Central Board of Direct Taxes (CBDT) on Monday announced entering into two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers on Ma
Read MoreIndia now the second largest stainless steel producer after China, surpasses Japan
Overtaking Japan, India emerged as the second largest stainless steel producer in the world after China, according to data released by the Internation
Read MoreMFs? trading volume doubles on NSE
Trading volumes on the mutual fund platform of the NSE have doubled last fiscal to Rs.16,563 crore against Rs.7,624 crore logged in FY16, on the back
Read MoreGail Q4 profit dips 69% at Rs260 crore, declares dividend of Rs2.7 per share
State-run Gail (India) Ltd said its net profit fell 69% in the fiscal fourth quarter on account of an impairment?charge on an investment.Net profit fe
Read MoreRealty implications: Homebuyers may see some rise in prices after GST
Homebuyers could see a rise of 1-3 per cent in overall cost under the new indirect tax regime.The goods and services tax (GST) has brought the real es
Read MoreSmartphones, medicines, cement will cost less under GST
The government said on Monday the goods and services tax (GST), scheduled to be rolled out from July 1, was set to benefit consumers, as the tax incid
Read MoreClariant and Huntsman announce $14bn chemicals merger
Chemicals companies Huntsman and Clariant have become the latest to agree an industry tie-up after agreeing a $14bn (?11bn) merger.The companies said
Read MoreGold recoups on jewellers' buying
Gold prices recovered by Rs 50 to Rs 29,150 per 10 grams at the bullion market today on scattered buying by local jewellers even as the metal weakened
Read MoreCorporation Bank?s board approves its plans to raise capital up to Rs 3500 crore
Corporation Bank on Monday?s post market hours announced that its board of directors in their meeting held on May 20, has approved for raising of capi
Read MoreIndia Inc's foreign investment dips 44% to $3.15 bn in April
India Inc's investment in overseas ventures fell 44 per cent year-on-year to $3.15 billion in the first month of the current financial year (FY).In Ap
Read MoreThis logistics startup gets a Rs 200-crore Delhivery from Fosun
Logistics venture Delhivery has received $30 million (about Rs 200 crore) in funding from Chinese conglomerate Fosun International as part of a larger
Read MoreHonda to resume production at Greater Noida plant next week
Honda Car India today said it will resume production at its Greater Noida plant next week after suspending work following a fire incident. The company
Read MorePublic debt falls to Rs 61 lakh crore at end of 2016-17: Govt
India's public debt declined to Rs 60.66 lakh crore at the end of the 2016-17 Fiscal in March, registering a fall over the previous quarter of 1.9 per
Read MoreFoodpanda gets $431 mn fund infusion from Naspers
Although businesses may not yet be breaking even just yet, investors continue to have an appetite for e-commerce ventures. Food tech firm Foodpanda sa
Read MoreBoI Q4 net loss narrows to Rs 1,046 cr on lower NPA provisions
State-run Bank of India narrowed its losses to Rs 1,046 crore in the quarter ended March 31 from Rs 3,587 crore in the year-ago period, helped by redu
Read MoreGovt cuts textile and garment exports target to $45 billion
The government has trimmed the textile and clothing export target to $45 billion for the current fiscal. Total shipments in the last fiscal missed the
Read MoreRBI outlines action plan to implement ordinance on NPAs
The RBI will increase the number of members in the oversight committee which presides over the restructuring proposals and also expand the scope of th
Read MoreNotification No. 39/2017
[Notification No. 39/2017/F. No. 187/13/2015-ITA-I]
Read MoreNotification No.RBI/2016-17/307
Auction of Government of India Dated Securities
Read MoreNotification No. 40/2017 [F. No.173/429/2016-ITA-I
Publish Date : Thursday, May 18, 2017
Australia leads fight to save Trans-Pacific Partnership trade pact
Australia is leading the charge to save the controversial Trans-Pacific Partnership free trade deal thrown into doubt by Donald Trump?s decision to pu
Read MoreSamsung Elec says will continue looking for M&A opportunities
Tech giant Samsung Electronics Co Ltd will continue looking for acquisition opportunities, a company executive said on Monday, as the firm seeks to bu
Read MoreEPFO to take call on raising ETF investment limit to 15%, says Dattatreya
Union minister Bandaru Dattatreya on Sunday said the Employees' Provident Fund Organisations (EPFO) will take a final call on raising investment limit
Read MoreSoftBank?s Masayoshi Son chases boyhood dreams with $100 billion fund
When Masayoshi Son was a boy growing up on Japan?s southern island of Kyushu, he kept a notebook to scribble down new inventions he hoped to create on
Read MoreAstraZeneca sells ageing beta-blocker to Recordati for $300 mln
AstraZeneca has sold the European rights to its ageing beta-blocker heart drug Seloken to Italy's Recordati for $300 million, as part of a continuing
Read MoreJapan April exports rise again, trade surplus with U.S. narrows
Japan's exports rose in April to mark their fifth straight month of gains, as shipments of semiconductors and steel expanded, signalling that more rob
Read MoreMutual funds emerge as the biggest investors in stocks
Even as the markets are hitting new peaks on a regular basis with the benchmark Sensex crossing the 30,000 mark, mutual funds (MFs) have emerged as th
Read MoreFPIs stay bullish on India, pump in $2 billion in May
Overseas investors have pumped in more than $2 billion so far in the country?s capital market this month, helped by stable outlook for the rupee. Inte
Read MoreExim Bank plans to raise over Rs 10,000 crore in FY18
Exim Bank (Export Import Bank of India) is planning to raise over Rs 10,000 crore in the current fiscal both from domestic and overseas markets. "We a
Read MoreIndian economy to gain momentum, cost of funds may rise
India's economy is set to witness improvement in the overall conditions, owing to growth of external financial linkages, ample funds and pickup in the
Read MoreMaharashtra Assembly passes GST Bill
The Maharashtra Assembly on Monday passed the Goods and Services Tax (GST) Bill in a session of its lower house. The Goods and Service Tax (GST) which
Read MoreExporters to get tax refund under GST within 7 days: Nirmala Sitharaman
Commerce Minister Nirmala Sitharaman today assured exporters that they would get their refund tax claims within seven days under the new goods and ser
Read MoreUnder GST, govt to stop exemptions gradually
The government has decided to take a gradual approach to do away with exemptions available under the current indirect tax regime while ushering in GST
Read MoreUS, Saudi firms sign deals worth $200 bn as Trump visits
US and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by President Donald Trump, as Riyadh
Read MoreOil companies may take a hit due to GST
The GST regime will come into effect from July 1, this year. The oil companies might take a collective hit of about Rs 25,000 crore, a year after that
Read MoreSmall Ecomm Vendors to Pay Tax Upfront
Budget hotels and small-scale vendors registered on ecommerce sites such as Airbnb, Flipkart and Amazon will have to pay tax upfront under the goods a
Read MoreUSG Boral to build Rs 300 cr plant in South India
Bullish on India, building products technology provider USG Boral will build a new plasterboard plant at an estimated cost of Rs 300 crore in South In
Read MoreDBS Bank India expands bancassurance partnerships
DBS Bank India has expanded its bancassurance partnerships with two new partners in Tata AIA Life and Birla Sun Life, in addition to Aviva India Life.
Read MoreGM exit brings to fore challenges faced by MNCs in India
The recent exit by General Motors from India highlights the numerous challenges faced by multinational companies in dealing with this market.While a h
Read MoreGovt kick-starts Rs.2-lakh cr worth defence projects
After a long wait, the government has finally pressed the accelerator to kick-start defence programmes worth nearly ?200,000 crore even as the Prime M
Read MoreSteel exports up 142% to 0.747 million tonnes in April
Steel exports saw a 142 per cent jump in April to 0.747 million tonnes (MT) over the corresponding month a year-ago, amid steps to safeguard domestic
Read MoreCopper prices to stay strong
Mine supply disruption among the world?s largest producers (Chile and Peru), flooding in some producing regions (Peru) and government intervention to
Read MoreA slew of investor-friendly moves
After being in the news for the wrong reasons in early 2016, the Employee Provident Fund Organisation (EPFO) has made amends in the last year by becom
Read MoreLower volatility in oil prices
Napoleon once said about a general: ?I know he?s good but is he lucky?? It is a remark that applies as well to India?s finance ministers. Their track
Read MoreVijay Mallya's UB Engineering nears liquidation
The Vijay Mallya-led UB Engineering, the first case to be admitted under the National Company Law Tribunal (NCLT) for financial restructuring, is on t
Read MoreEarly Budget lifts April spend by 50%
Advancing the Union Budget and passing the Finance Bill before the start of the financial year are already showing results in central government expen
Read MoreCPI inflation may come down by 2% by year-end: Hasmukh Adhia
After a hectic two-day Goods and Services Tax (GST) Council meeting in Srinagar to finalise fitment of rates for almost all goods and services, a much
Read MoreSaudi says extending oil cuts, adding small producers enough to drain stocks
Saudi Arabia's energy minister said on Sunday that extending the current agreement on global oil supply cuts until March next year, and adding one or
Read MoreJanuary-March earnings: Metal firms add sheen to India Inc?s Q4 numbers
With metal producers turning in sterling numbers, the earnings season has acquired some sheen. Else, muted revenue growth ? a combination of both weak
Read MoreState PSUs assault on exchequer continues, losses soar despite massive grants
State-level public sector enterprises (SLPEs) haven?t relented on their perennial assault on the exchequer. According to data reviewed by FE concernin
Read MoreNotification No. 39/2017 [F. No. 187/13/2015-ITA-I
Publish Date : Tuesday, May 16, 2017
Full list of GST rates for 98 categories of goods
The Goods and Services Tax (GST) council on Thursday fixed tax rates on 1211 items, most of which will likely become cheaper as the new rates will be
Read MoreOdisha assembly passes GST Bill
The Odisha legislative assembly on Friday passed the Goods & Services Tax (GST) Bill, 2017 and the Value Added Tax (VAT) Bill, 2017, preparing the gro
Read MoreGoods done, GST Council seals tax rate on services
India finalised the four-slab structure for taxation of services under the proposed goods and services tax (GST) with a standard rate of 18% that will
Read More6 months needed for GST stability, gains in 3 yrs: Crisil
Domestic ratings agency CrisilBSE 1.51 % today said it will take six months for industrial stabilisation after GST is introduced but gains of the bigg
Read MoreChina, India drive AliBaba's UCWeb revenue up 271%
Alibaba group firm UCWeb today reported a 271 per cent year-on-year jump in its digital media and entertainment revenue for 2017 financial year on acc
Read MoreSaudis greet Trump with more than $50 billion in US deals
Saudi Arabia is set to enter into more than $50 billion of defense and commercial deals with the U.S. on Saturday, the first day of President Donald T
Read MoreGST rates will help stimulate demand in auto sector: SIAM
Auto industry body SIAM today welcomed the GST rates for automobiles saying the new tax rates would help in stimulating demand. ?The rates are as per
Read MoreRBI says infusing funds into Indian banks won?t solve debt mess
Indian central bank Deputy Governor Viral Acharya said injecting new funds into lenders won?t resolve the nation?s stressed asset plight until compani
Read MoreSingapore first-quarter GDP likely to be revised higher on manufacturing boost
Singapore's economy likely performed better than initially expected in the first quarter thanks to a surge in factory output, although the outlook is
Read MoreChina?s Q2 GDP growth seen at around 6.8 per cent: Official think tank
China?s economy will likely expand around 6.8 percent in the second quarter of 2017, the State Information Center said in an article published in the
Read MoreGST is finally through, next job is to ensure it becomes revolutionary instead of evolutionary
Considering India has been trying to implement a Goods and Service Tax (GST) for well over a decade, the fact that, on the eve of its third birthday,
Read MoreMaximum levy rate of 28% to impact pan masala, tobacco, soft drinks, cars
The goods and services tax (GST) Council has approved the rates of compensation cess for five luxury/demerit items. The proceeds from the cess will go
Read MoreIPL, theme park visit to attract 28% tax; animal slaughtering, vet clinics exempt
Animal slaughtering and services provided by veterinary clinics will be exempt from GST while visits to theme parks and sporting events like IPL will
Read MoreGST rates anti-inflationary, will drive consumption: Industry
Tax rates on fast moving consumer goods (FMCG) items under GST will drive consumption, although a few home care products and shampoos could become pri
Read MoreIndia?s export control in line with Wassenaar Arrangement: Government
India?s export controls are in line with the Wassenaar Arrangement, one of the four non- proliferation regimes that prohibit the export of items of du
Read MoreHow your family budget will change after GST
Rates for over 500 services and 1,200 goods were fixed, or 80-90% of items were slotted into the GST?s five broad rates in meetings on Friday and Thur
Read MoreCall rate ends lower, bonds show mixed trend
Call money rates ended lower on lack of demand from borrowing banks in view of ample liquidty in the banking system while Government bonds (G-Secs) en
Read MoreIkea plans to double local sourcing to ?600 million
Ikea, the Swedish home furnishings retailer, is not just investing in building stores in India but also plans to double its local sourcing to ?600 mil
Read MoreSBI Q4 net more than doubles to Rs 2,815 cr as NPA situation eases
The country's largest lender SBI on Friday reported more than doubling of its net profit at Rs 2,814.82 crore for the March quarter.The public sector
Read MoreNotification No.49/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 19th May, 2017
Read MoreNotification No.48/2017 Customs (N.T.)
Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of Indi
Read MoreNotification No. 38/2017
[Notification No. 38/2017/F. No. 203/24/2016/ITA-II]
Read MoreNotification No.RBI/2016-17/306
Rationalisation of Branch Authorisation Policy- Revision of Guidelines
Read MoreNotification No.RBI/2016-17/305
Partial Credit Enhancement to Corporate Bonds
Read MoreNotification No.RBI/2016-17/304
Minimum qualifications and experience for CFO and CTO
Read MoreE-commerce players loses GST rate battle after levy of 1% TCS on sellers
Even after months of discussions with the government and putting forward representations via sectoral bodies, e-commerce players lost the GST battle.
Read MoreConsumer durable firms, soft drink makers cry foul over GST rates
The initial cheer over lower tax rates for some mass-consumption consumer goods proved to be short-lived. The detailed goods and services tax (GST) ra
Read MorePhone bills, insurance and banking to cost more
Availing insurance, banking services, investing in mutual funds and paying mobile bills will get costlier with the GST Council setting a rate of 18 pe
Read MoreFood expenses likely to go up marginally
Households should be prepared for a slight increase in monthly budget from July 1 when the new GST rates will apply. But, under GST, prices will be un
Read MoreFPI holdings from Singapore, Mauritius surge 25% before DTAA implementation
Foreign portfolio investors (FPIs) based in Mauritius and Singapore had, it now appears, rushed to take advantage of the ?grandfathering? clause in th
Read MoreYou will have to shell out more for banking transactions from July
Transactions fees in financial services are likely to become more expensive after the government has put these under the 18% tax bracket in the new go
Read MoreEuro zone consumer sentiment rises less than expected in May
Euro zone consumer confidence rose less than expected in May, a European Commission flash estimate showed on Friday.The Commission said consumer confi
Read MoreOpec panel weighs deepening, extending oil output cuts
An Organization of the Petroleum Exporting Countries (Opec) panel reviewing scenarios for the oil producer group?s meeting next week is looking at the
Read MoreChina Is Using the Yuan to Combat Risk of a Market Meltdown
China has an insurance policy against a full-scale market meltdown: the daily currency fixing.With stocks and bonds in retreat amid anxiety over Beiji
Read MoreForex reserves down $444 million to $375 billion
After touching a record high, the India's foreign exchange reserves declined marginally by $443.6 million to $375.27 billion in the week to May 12, du
Read MoreQ4 shows 19 PSBs improve provision figures, private banks see marginal worsening
Nineteen state-owned banks that have so far declared their March quarter results set aside Rs 1.14 as provision against every rupee earned during the
Read MoreGrasim Industries Q4 net profit jumps 72.7% at Rs 315.5 crore
Grasim Industries on Friday reported a 72.7% (y-o-y) jump in its standalone net profit to Rs 315.5 crore on the back of a 12.4% (y-o-y) rise in revenu
Read MoreMurugappa group FY17 net up 16% at Rs 2,186 cr
Chennai-based Murugappa group has reported a 16% growth in its net profit for FY17 to Rs 2,186 crore as compared to Rs 1,883 crores in the previous fi
Read MoreSuzlon swings back to profit, Q4 net at Rs 579 cr
Suzlon Energy reported a turnaround in performance during Q4 FY17 with the company posting consolidated net profit of Rs 579 crore against a loss of R
Read MoreFDI inflows hit new high of $43 billion in FY17
India has recorded the highest foreign direct investments in a year in 2016-17 at $43 billion, although the year-on-year growth rate slipped to 9% fro
Read MoreTata Power posts surprise Rs 247 crore Q4 loss on one-time charge
Tata Power Co Ltd on Friday reported a fourth-quarter adjusted profit that missed analysts' estimates, as lower recovery on the cost of fuel at one of
Read MoreIndia's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried
The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel
Read MoreDespite 12% headline rate, work contracts to be cheaper
The government has fixed a goods and services tax (GST) rate of 12 per cent for work contracts, giving the impression of a higher burden on the constr
Read MoreIMF raises growth forecast for SA
The International Monetary Fund raised its forecast for economic growth in SA, saying the end of the worst drought in more than a century will lift ag
Read MoreThe Belt and Road Initiative: China?s vision for globalisation, Beijing-style
The BRI imagines a US$1.3 trillion Chinese-led investment program creating a web of infrastructure, including roads, railways, telecommunications, ene
Read MoreGST rate on telecom, financial services fixed at 18%; education, healthcare exempted; decision on gold later
The GST council has fixed a tax rate of 18% on telecommunication services and financial services, while exempting education and healthcare from the le
Read MoreIFC to invest $125m in Mahindra Group Cos
The World Bank's investment arm International Finance Corporation has proposed to invest $100 million in Mahindra & Mahindra Financial Services (MMFSL
Read MoreOnline Loan Provider Paysense Raises $5.3 Million Funding
Paysense, a tech-driven loan distributor, on Thursday said it has raised $5.3 million in a round of funding led by Jungle Ventures. Naspers and Nexus
Read MoreWe need big banks to help grow the economy
Bank of America CEO Brian Moynihan sees his company's biggest mission as helping the economy to grow. To make that happen, he said, the bank needs to
Read MoreBanking changing rapidly, lenders should have CFOs, CTOs: RBI
With "rapid" changes in banking sector, the RBI today urged banks to appoint qualified chiefs to head the critical finance and technology functions.Th
Read MoreRBI mandates rating by two companies for corporate bonds PCE
The Reserve Bank today made changes to the partial credit enhancement (PCE) framework for corporate bonds, making it mandatory for companies to get th
Read MoreState Bank Of India Q4 Net More Than Doubles To Rs. 2,815 Crore
State Bank of India (SBI), the nation's top lender by assets, reported a more than doubling of its fourth-quarter net profit as expected, while its ba
Read MoreMalaysia economy grows at fastest pace in two years
Malaysia?s economy grew at its fastest pace in two years during the first quarter, the central bank said today, boosted by stronger domestic demand an
Read MoreEconomy growing at over 7%, while jobs increase by only 1.1%
While the economy is growing at just over 7 per cent per year, jobs increased by just 1.1 per cent last year, according to a recently-released report
Read MoreHighway projects worth Rs 5 lakh crore planned in 2 years
The Narendra Modi government has set an ambitious target of awarding Rs 5 lakh crore worth of highway contracts, totalling about 50,000 km, in the las
Read MoreBanks? cost of funds falls sharply since Demonetisation
Indian banks enjoyed ample liquidity in the six months since the demonetisation of old high-value currency notes, resulting in lower interest rates as
Read MoreE-Tailers not only ones having a sale, govt lines up PSU treat
The government has appointed merchant bankers for selling its minority stakes in six state-owned listed companies to raise about Rs 23,000 crore in th
Read MoreIdea Cellular drags Aditya Birla Nuvo?s net profit down 56% in fourth quarter
The net profit of Aditya Birla Nuvo, part of the Aditya Birla conglomerate, fell by over half in the March 2016 quarter, led by losses in its telecom
Read MoreNew GST rules provide clarity on 3 issues
On Thursday, the GST Council approved all eight rules, clearing the ground for the rollout of the goods and services tax (GST). A preliminary reading
Read MoreVolvo to start assembling cars in India by year-end
Swedish luxury car company Volvo Auto India Pvt. Ltd on Thursday said it will commence local assembly operations in India by the end of this year as i
Read MoreAlibaba revenue beats estimates as shoppers defy China slowdown
Alibaba Group Holding's revenue beat analysts' estimates, powered by Chinese consumers' growing appetite for quality merchandise. But, profits lagged
Read MoreJapan racks up longest growth streak in over a decade
The world's third largest economy expanded 2.2% in the first three months of the year, according to official data Thursday, up from 1.4% in the previo
Read MoreGold extends gains on global cues, climbs Rs 225
Gold prices maintained an upward trend for the second straight day today, gaining Rs 225 to Rs 28,985 per 10 grams at the bullion market on firm globa
Read MoreFlotilla of U.S. crude heads to Asia as OPEC weighs extending cuts
Oil tankers carrying around 10 million barrels of U.S. crude are en route to Asia, according to shipping data and trade sources, as U.S. producers tak
Read MoreRupee plunges most in 11 months as risk off hits Indian markets
India?s rupee tumbled the most since June last year as local shares joined a global selloff triggered by concern over political turmoil in the US and
Read MoreRBI eases norms to set up bank branches
The Reserve Bank of India (RBI) on Thursday eased the norms of setting up bank branches and said branches manned by either bank?s staff or its busines
Read MoreAxis Bank, Indiabulls follow peers
Axis Bank and Indiabulls Housing Finance are the latest lenders to have cut interest rates on affordable housing loans. Home loans up to Rs 30 lakh at
Read MoreBajaj Auto Q4 net dips 13% on discounting, note ban
Heavy discounting to get rid of BS III motorcycle stocks and the impact of demonetisation has hit Bajaj Auto?s domestic volumes hard while exports suf
Read MoreState govt entities now allowed direct external borrowings
State government entities can now directly seek loans from bilateral overseas lending agencies for infrastructure projects of over Rs 5,000 crore, the
Read MoreIndia looks to double trade with Africa to $100 bn in two years
Ahead of the African Development Bank?s first annual conference to be held in Ahmedabad next week, the government has said India wants to offer a cons
Read MoreIDBI Bank Q4 net loss widens in March quarter as bad loans surge
Weighed down by heavy provisions for bad loans, ailing IDBI Bank?s net loss grew to Rs 3,199 crore in the March quarter. Its loss in the same quarter
Read MoreGeneral Motors stops car sales in India after years of non-performance
After losing over $1 billion in its bumpy 20-year ride in India, General Motors Co. (GM) has finally decided to halt sales in the country by the year?
Read MorePaytm raises $1.4 bn from SoftBank; valuation jumps
One97 Communications Ltd, the parent of digital wallet Paytm, has raised $1.4 billion (about Rs 9,000 crore) from Japan?s SoftBank Group Corp in the l
Read MoreNew tax to reduce prices of most goods, from milk, coal to FMCG goods
Prices of a vast majority of everyday-use and mass consumption items, as well as that of scores of industrial inputs and capital goods, could potentia
Read MoreNotification No.38/2017 [F. No. 203/24/2016/ITA-II
Publish Date : Monday, May 15, 2017
Pacific trade pact on revival mode
Japan and other remaining members of the Trans-Pacific Partnership will this weekend decide how to revive the trade agreement ditched by US President
Read MoreIndia Inc begins to shed loss-making foreign assets acquired in boom years
After almost a decade of problems, Indian companies are taking clear steps to rid unprofitable foreign assets they?d acquired during the boom years of
Read MoreFitch India affiliate sees banks adding $41 billion of soured loans by 2018/19
Indian banks could potentially add as much as 2.6 trillion rupees ($40.58 billion) worth of soured loans by March 2019 to their existing pile, India R
Read MorePakistan economy surpasses $300 billion
Pakistan achieved the highest annual growth of 5.3 per cent in a decade and the size of the country's economy has surpassed $300 billion, a media repo
Read MoreIran's post sanction economy doing well one year after deal.
Iran?s nuclear deal was signed at a time when the country?s political risks were high, and economic income and investment into financial corporations
Read MoreUS' debt back at record high after a decade
Americans' debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, and mar
Read MoreJapan's economy expands at fastest pace in a year in Jan-March
Japan's economy grew at the fastest pace in a year in the first quarter to mark the longest period of expansion in a decade, heightening prospects tha
Read MoreModi-led Cabinet nod for signing of convention on Base Erosion and Profit Shifting
The Cabinet today gave its go ahead for signing of a multilateral convention to implement tax treaty to check evasion by preventing Base Erosion and P
Read MoreRs 2.6 trillion of bank credit may slip in next 12-18 months: India Ratings
Domestic rating agency India Ratings and Research today said the banking system has Rs 7.7 trillion of unrecognised stressed loans in corporate and SM
Read MorePM Narendra Modi-led Cabinet clears 8 proposals: From new nuclear power reactors to agricultural research centre, here?s all you need to know
Prime Minister Narendra Modi-led Cabinet Committee of Economic Affairs (CCEA) which met today cleared a number of major proposals. Among the projects
Read MorePM Modi-led Cabinet approves Rs 1,959 cr project for Porbandar-Dwarka National Highway stretch in Gujarat
The government today approved a Rs 1,959 crore project for upgrading Porbandar-Dwarka section on the National Highway 8E in Gujarat. ?The Cabinet Comm
Read MoreIndia?s first infrastructure investment trust dips on debut
India?s first infrastructure investment trust (InvIT) fell in its trading debut on Thursday, potentially acting as a dampener for similar listings in
Read MoreBoost to India?s renewables plan as Chinese investments shift to solar
India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally,
Read MorePuducherry Assembly passes GST Bill
The Puducherry Assembly today unanimously passed the Puducherry Goods and Services Tax Bill, 2017 here. The bill was tabled in the assembly by Chief M
Read MoreExport benefit scheme to be GST compliant
The government is re-designing the export benefit scheme MEIS to make it GST-compliant, a senior official said today. Neeraj Prasad, Additional Commis
Read MoreJ&K may be first to bring real estate under GST
Jammu & Kashmir may be the first state in the country to bring real estate within the ambit of goods and services tax (GST) when it enacts laws to int
Read MoreApple begins production of iPhone SE model in India
In a bid to gain a foothold in the fast-growing Indian smartphone market, Apple on Wednesday announced the commencement of initial production of its p
Read MoreAllahabad Bank Q4 net up Rs 111 cr, to pare corp sector exposure
Kolkata-based Allahabad Bank, which is aggressively trying to recover non-performing assets (NPA) this year besides changing its focus over loan disbu
Read MoreNow, Samsung looks beyond phones to next-gen biologics
The Samsung brand is best known for its smartphones and wide-screen TVs. Yet behind the scenes, the conglomerate is also making a name as a contract m
Read MoreRespite likely for businesses on e-way under GST
In a relief for business, the government is considering easier provisions related to the Electronic Way (e-way) Bill and input tax credit for old stoc
Read MoreAfter merger, Snapdeal brand could disappear
After its proposed merger with Flipkart, rival Snapdeal might have a very different fate from the marketplace?s other acquisitions, Myntra and Jabong.
Read MoreIndian gold imports to drop back sharply after Q1 spike: WGC
Indian gold imports will drop back sharply after jumping in the first quarter, the World Gold Council said on Wednesday as the launch of a new tax reg
Read MoreIraq replaces Saudi Arabia as top oil supplier to India in April
Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra
Read MoreKotak Mahindra Bank raises Rs 5,800 crore via QIP
Private lender Kotak Mahindra Bank has raised over Rs 5,803 crore through a qualified institutional placement (QIP) issue. The bank had launched the Q
Read MoreRs.2.6-lakh cr loans could turn stressed by FY19: Ind-Ra
Indian banks are sitting on unrecognised stressed loans worth ?7.7 lakh crore, and corporate and SME loans aggregating ?2.60 lakh crore could potentia
Read MoreApollo Tyres earmarks Rs 2,500 cr capex for FY18
Apollo Tyres has lined up Rs 2,500 crore capex for the current fiscal as it eyes a double- digit volume growth. The company, which recently commission
Read MoreYatra.com posts loss of Rs 83 crore for Q4-FY17
Online travel company, Yatra.com has reported a loss of Rs 83.02 crore for the quarter ended March 31, 2017 (Q4-FY17). Losses for the same quarter la
Read MoreJSW Steel Q4 net profit jumps 173% at Rs 1,003.4 crore
JSW Steel on Wednesday reported a 173.3% (y-o-y) jump in its standalone net profit at Rs 1,003.4 crore during January-March quarter on the back of a 5
Read MoreExports rising despite global headwinds
India's exports have been increasing despite global headwinds and efforts are being made to neutralise any impact on them due to implementation of GST
Read MoreHUL sales rise 7% as economy warms up after note ban chill
Hindustan Unilever Ltd (HUL) posted a 7% rise in March quarter sales thanks to a revival in consumption after the demonetisation-induced dip, sending
Read MoreIndia now world?s most expensive stock market
With the markets soaring to record highs yet again on Wednesday, India is now the world?s most expensive market. At a lifetime high of 30,658.77, the
Read MoreBanks? investments in corp bonds jump 25% in FY17
Banks invested more in corporate debt in 2016-17 as the credit growth slowed to its lowest levels in six decades and deposits grew, especially after t
Read MoreIOC to invest around Rs 20,000 in 2017-18; plans expansion, acquisitions
Continuing its capital expenditure plan, Indian Oil Corporation (IOCL) said it will invest around Rs 20,000 crore in 2017-18. The company is also look
Read MoreQuess Corp FY17 PAT grew 40% to Rs 113.5 crore
Staffing firm Quess Corp today reported a 39.8 per cent increase in profit after tax at Rs 113.5 crore for the fiscal year to March 2017. The company
Read MoreNon-bank finance firms cash in on Indian lenders' bad loan pain
Indian banks' struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial com
Read MoreFund raising through debt placement rises 55% to Rs 64,000 cr in April
Indian companies rose close to Rs 64,000 crore in April through the private placement of corporate bonds, a surge of 55 percent from last year's level
Read MorePaytm to start payments bank operations from May 23
After May 23, the Paytm wallet will move to PPBL. In case consumers do not wish for that, they have to inform Paytm, which will in turn transfer the w
Read MoreSingapore?s trade data contract in April, snapping growth streak
Singapore's non-oil domestic exports (NODX), closely watched for clues on economic growth, contracted in April, belying expectations for growth.NODX f
Read MoreDemonetisation effect transitory, says UN
The demonetisation policy is not expected to have a long term impact on domestic demand in India, which is projected to clock a 7.9 per cent growth in
Read MoreRupee crosses 64 mark in opening trade, erases gains soon after
The Indian rupee on Wednesday strengthened past the 64 mark to hit a three-week high in opening trade but soon erased most of the gains and was tradin
Read MoreSmall Exemption List Under GST
The Centre and states are expected to keep the exemption list short ? to about 100 items ? under the GST regime even as the North Block is flooded wit
Read MoreAndhra Pradesh legislature passes state GST Bill
The Andhra Pradesh Legislature today passed the state Goods and Services Tax (GST) Bill. The Parliament had on April 6 passed four legislations to pav
Read MoreFederal Bank cuts overnight MCLR
Federal Bank has cut its overnight marginal cost of funds-based lending rates by 5 basis points, effective today, according to information on the lend
Read MoreTriumphant Tuesday: Nifty scales 9,500
Equity markets hit new highs on Tuesday, celebrating three years of the Modi government at the Centre. The buoyant mood in global markets and the fore
Read MoreGST to make MSMEs in small cities more competitive
The implementation of the Goods and Services Tax (GST) is expected to alter the business dynamics in favour of micro, small and medium enterprises (MS
Read MoreGlobal platinum supply likely to fall 2% this year
Overall platinum supply is projected to fall by two per cent year-on-year to 7,330 kilo ounces (koz) in 2017, with both primary and secondary supply e
Read MoreEPFO reduces claim settlement period to 10 days
Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days f
Read More1% tax at source under GST likely for online sellers
The Centre and states are likely to each impose a 0.5 per cent tax collected at source on sellers of products on e-commerce websites such as Flipkart
Read MoreEurozone growth 0.5%, more than US in Q1
The update from Eurostat, the EU's statistics agency, also confirmed that the eurozone performed better than the US in the first quarter. The US econo
Read MoreUK inflation rate at highest level since September 2013
Inflation now stands at 2.7% - up from 2.3% in March - and above the Bank of England's 2% target.The main reason was higher air fares, which rose beca
Read MoreUS industrial production rose 1.0% in April vs. 0.4% increase expected
American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downtu
Read MoreGold weakens on muted demand; silver recovers
After rising for three days, gold prices softened by Rs 30 today to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local
Read MoreGlobal oil market rebalancing speeds up, inventories lag: IEA
The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still fail to re
Read MoreLIC's profit from markets soars 72% to Rs 19,000 crore in FY17
The continuing rally in the markets has had the nation's largest financial investor LIC booking a whopping 72 per cent more profit at Rs 19,000 crore
Read MorePunjab & Sind Bank Q4 plunges over 91 per cent to Rs 8 crore
Public sector lender Punjab & Sind Bank?s net profit plunged over 91 per cent to Rs 8.33 crore in the January-March quarter of last fiscal due to a sh
Read MoreFuture Group enters JV to open fbb stores in middle east
Future Group plans to foray into the international market for fashion and consumer products through a joint venture with Oman-based Khimji Ramdas (KR)
Read MoreIndia pips US on renewable energy investment, but trails China
India has overtaken the US to become the second-most attractive country after China for renewable energy investment, according to a report by UK accou
Read MoreIndia's GDP growth to rise to 7.9% by December 2017
The Indian economy is entering a "productive growth phase" and real GDP growth is likely to rise to 7.9 per cent by December driven by favourable exte
Read MoreTata Steel Q4 loss narrows to Rs1,168 crore on one-time charge
Tata Steel Ltd on Tuesday reported a surprise March quarter consolidated loss of Rs1,168 crore as it took a one-time charge related to the closure of
Read MoreServices set to get costlier; here?s how much it may cost you
Among the 120 services that are currently being taxed, a vast majority is likely to come under the goods and services tax (GST) slab of 18%, while a c
Read MorePNB posts Q4 profit aided by writeback in pension provisions
Punjab National Bank (PNB) on Tuesday reported a fiscal fourth-quarter profit of Rs261.90 crore, compared with a loss of Rs5,367.14 crore a year ago a
Read MoreReliance Jio impact: Vodafone profit falls 10.2%; revenue at Rs 43,095 cr
Vodafone India on Tuesday joined its incumbent peers, Bharti Airtel and Idea Cellular, to get hit on all key financial metrics during FY17, impacted b
Read MoreNotification No.RBI/2016-17/303
Auction of Government of India Dated Securities
Read MoreNotification No. 08/2017-Central Excise
seeks to amend notification no. 12/2012-Central Excise dated 17.03.2012 extending the time period for furnishing the final Mega power project certific
Read MoreNotification No. 23/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR
Read MoreNotification No. 22/2017-Customs (ADD)
Seeks to amend notification No. 23/2016-Customs (ADD) dated 06.06.2016 vide which anti-dumping duty was imposed on imports of Polytetraflouroethylene
Read MoreNotification No. 21/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of Amoxycillin originating in or exported from China PR for a period of five years (unless revoke
Read MoreNotification No.47/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 20/2017-Customs
Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate fro
Read MoreNotification No. 19/2017-Customs
seeks to amend notification No. 101/2007 ? Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the Ind
Read MoreEU countries to decide on Singapore trade deal
The legal opinion at the European Court of Justice (ECJ) could delay progress towards a UK free trade deal with the EU during the Brexit negotiations.
Read MorePuducherry GSDP estimated at Rs 29,557.38 crore for FY 2016-17: Kiran Bedi
Puducherry Lt Governor Kiran Bedi today said the Gross State Domestic Product (GSDP) of the Union Territory had been estimated at Rs 29,557.38 crore f
Read MoreUDAN scheme: Narendra Modi government fixes levy on major routes at Rs 5,000
The government has fixed at Rs 5,000 the levy on scheduled flights, being charged from the airlines flying on major routes, to fund its regional conne
Read MoreSome ATMs remained shut on precautionary ground due to ransomware threat
As part of precautionary measures, banks did not operate some ATMs running on old software in view of threat from ransomware 'WannaCry'.The RBI has as
Read MoreChina, India dominate coal ownership as some shun climate risks
Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks fr
Read MorePNB posts Rs 261.90 crore profit in Q4; key takeaways
Public sector lender Punjab National Bank (PNB) announced its fourth quarter results on Tuesday with the bank reporting net profit of Rs 261.90 crore
Read MoreFlipkart-Snapdeal pact may need approvals from Premji, Tata
Flipkart Online Services Pvt. is nearing a final agreement to acquire rival e-commerce provider Snapdeal after winning support from the startup?s thre
Read MoreVodafone dials up 6.3-bn-euro annual net loss
British mobile phone giant Vodafone revealed on Tuesday that annual net losses worsened to 6.3 billion euros ($6.9 billion) on the back of a vast writ
Read MoreUK inflation jumps more than expected in April to hit highest since 2013
British inflation rose to its highest level since September 2013 last month, according to official data on Tuesday that underlined a growing squeeze o
Read MoreEurozone growth confirmed at 0.5%, more than US
Official figures confirm that the economy of the 19-country eurozone grew by a steady, if unspectacular, quarterly rate of 0.5 per cent in the first t
Read MoreBig boost to logistics: Modi government plans multimodal logistic parks at 15 places for Rs 33,000 cr investment
The government plans to build multimodal logistic parks at 15 places across the country with an investment of Rs 33,000 crore in a bid to bring down c
Read MoreHigher capex bumped up states' deficits to 12-year high to 3.6 per cent
Countering RBI's argument that the higher fiscal deficits of the states in FY16 was due to Uday bonds that bailed out ailing electricity discoms, an I
Read MoreEPFO may raise equity exposure to 15 per cent this month
Retirement fund body Employees? Provident Fund Organisation (EPFO) may increase its exposure in equity to 15% later this month, buoyed by higher retur
Read MoreGST rate to decide fate of gold trade
The introduction of Goods & Services Tax (GST) in July opens up two distinct possibilities of how the gold trade turns in India, the world's second la
Read MoreToshiba posts $8.4 billion loss
The Japanese electronics giant Toshiba has racked up a massive $8.4 billion loss, the company announced on Monday.The company, whose US nuclear unit W
Read MoreCBEC gets a makeover ahead of GST rollout
A month before the Goods and Services Tax (GST) rolls out nationwide on July 1, the Central Board of Excise and Customs will be rechristened the Centr
Read MorePetrol prices cut by Rs2.16 per litre, diesel by Rs2.10
Petrol prices were on Monday cut by Rs2.16 per litre and diesel by Rs2.10 per litre, reversing the four-week trend of rising fuel prices.The reduction
Read MoreWaymo, Lyft to Team Up on Self-Driving Vehicles
Waymo, the self-driving car company owned by Google's parent Alphabet Inc., and Lyft Inc. are teaming up to road test autonomous cars in a potential c
Read MoreCos must disclose securities deals above Rs 10L by May 31:Govt
The government has asked all companies to disclose shares and bond transactions involving Rs 10 lakh or more in a financial year to Income Tax departm
Read MoreChina's economy loses momentum as policymakers clamp down on debt risks
China's growth took a step back in April after a surprisingly strong start to the year, as factory output to investment to retail sales all tapered of
Read MoreAnti-dumping: India imposes duty on some steel products
Providing major relief to domestic players from below-cost imports, India has imposed anti-dumping duty on cold-rolled steel products from Korea, Japa
Read MoreMutual funds' AUM inching towards Rs 20 trillion mark
Backed by a booming stock market and increasing interest from retail investors, the assets under management (AUMs) of the mutual fund industry is like
Read MoreCos raise record Rs 6.41 lakh cr via debt placement in FY17
Indian companies raised a record Rs 6.41 lakh crore last fiscal through private placement of corporate bonds to meet business needs, a surge of 40 per
Read MoreRupee at 21-month high of 64.05 against dollar on robust macro data
Continuing its dominance against the dollar, the rupee shot up by a whopping 26 paise to end at a fresh 21-mth high of 64.05 driven by robust macro da
Read MoreBonds give low inflation print in April a thumbs up
Government bonds cheered the lower-than-expected inflation print released on Friday and rallied to its highest level in a month, as concerns over an i
Read MoreAmazon India records higher turnover during Great Indian Sale
Amazon India on Monday claimed that it has recorded a higher turnover during its recently concluded four-day Great Indian Sale fest compared to simila
Read MoreColgate-Palmolive India posts Q4 net profit at Rs 142.58 cr
FMCG major Colgate-Palmolive India today reported a marginal decline in net profit at Rs 142.58 crore for the fourth quarter ended March 31, 2017. The
Read MoreVedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore
Metal and mining conglomerate Vedanta Ltd today saw its consolidated net profit jump over three fold to Rs 2,971 crore for the fourth quarter to March
Read MoreEconomy to Grow at 7.4% in FY18, Says FICCI
India's economy is set to grow by a robust 7.4 percent in the current fiscal, backed by the agriculture sector which is estimated to clock 3.5 percent
Read MoreExports up 20% in April; trade deficit widens to over $13 bn
India?s exports grew by 19.77 per cent to $24.63 billion in April on account of robust performance by sectors like petroleum, textiles, engineering go
Read MoreCPPIB, IndoSpace to form $500-million JV
The Canadian pension fund, Canada Pension Plan Investment Board (CPPIB) has agreed to form a joint venture with an initial investment of $500 million
Read MoreICICI Bank, HDFC reduce home loan rates
Private sector lenders ICICI Bank and HDFC on Monday reduced their interest rates on home loans.Private sector lender ICICI Bank reduced its interest
Read MoreSmart Factories expected to add $500 billion to global economy in next five years
Capgemini has announced that manufacturers expect their investment in smart factories to drive a 27 percent increase in manufacturing efficiency over
Read MoreReport card for global economy: tries hard, could do better
Setting aside a few uncomfortable economic truths such as the increasing US skills gap, eye-wateringly high unemployment in parts of the eurozone, and
Read MoreUK unemployment rate to rise in 2018, says EY Item Club
The jobless rate will rise from about 4.7% this year to 5.4% in 2018 and 5.8% in 2019, said the EY Item Club.The forecasting group said employment wil
Read MoreSoftbank one step closer to selling Snapdeal to Flipkart; to buy Kalaari Capital?s stake
Moving one step closer to e-commerce major Snapdeal?s sale to the market leader Flipkart, Japan?s Softbank will buy out Kalaari Capital?s 8% stake in
Read MoreCoffee Day Enterprises arm to acquire majority stake in 2 companies
Coffee Day Enterprises, which runs coffee chain under the brand name Cafe Coffee Day, today said its subsidiary Sical Logistics will acquire majority
Read MoreIndia jumps 73 spots to 26 rank in World Bank?s power list: Piyush Goyal
India has climbed up to 26th position in World Bank?s electricity accessibility ranking in the current year from 99th spot in 2014, Power Minister Piy
Read MoreChina April steel output hits record, second month to push peak higher - stats bureau
China produced a record volume of steel in April, breaking the previous highest peak set in March, data showed, stoking worries about a growing glut o
Read MoreAndhra eyeing its place in sun with Kurnool park; aims at 10,000 MW solar capacity by 2022
When the Kurnool Ultra Mega Solar Park, the world?s largest solar power park, is fully ready by the end of May, Andhra Pradesh would have buttressed i
Read MoreIndia-Chile expanded PTA to come into effect tomorrow
Having identified Latin America to push the trade growth, India has accelerated its efforts to strengthen ties with countries in the region with a foc
Read MorePE investments bounce back; April sees deals worth USD 3.16 billion
Private equity investments saw a significant upturn in April with deals worth USD 3.16 billion, up 69 per cent from a year ago, due to big ticket tra
Read MoreInsolvency and Bankruptcy Code: First information utility to be operational in 3 months
A one-stop shop for details on all financial transactions of lenders, information utilities under the insolvency and bankruptcy law are likely to be o
Read MoreGovernment exempts Infrastructure Investment Trusts from acceptance of deposit norms
Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to
Read MoreRBI on hold for now, 50 bps rate hike likely in 2018: Nomura
The Reserve Bank of India is expected to keep rates on hold this year as near-term inflation outlook is benign, but a cumulative 50 bps hike in 2018 i
Read MoreMore than a 3rd of state taxes to stay out of GST
While states and the Centre celebrate the shift to goods and services tax (GST), they have managed to keep at least one-third of the revenue outside t
Read MoreNo change in Andhra Bank?s MCLR
The Marginal Cost of Funds based Lending Rate (MCLR) of Andhra Bank will remain unchanged across all the five tenors (of overnight, one month, three m
Read MoreNAFED ?spent Rs.10,000 cr to procure pulses?
The National Agricultural Cooperative Marketing Federation of India (NAFED) has spent about ?10,000 crore in procuring pulses and creating a national
Read MoreIT dept launches online facility to correct errors in PAN and Aadhaar
The income tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar d
Read MoreOpec is staring down a double-barrel output cut
Opec is going to have to do much more than simply extend its current production deal when it meets next week if it is serious about addressing surplus
Read MorePrivate banks under-reporting NPAs may lose premium edge
The big divergence between the non-performing assets (NPAs) reported by some private sector banks and those assessed by the RBI will reduce the premiu
Read MoreBrick-and-Mortar Gives Away the Store to Match Ecomm Discounts Offline players tailor offers, sacrifice margins to take on online rivals
Several of India?s brick-and-mortar retailers are striking back at online giants Amazon and Flipkart with their own mini sales, which are being held o
Read MoreStartup Inc?s Sop Story to be Part of Book of Jobs
Companies eyeing benefits under the Startup India programme will soon have to declare upfront how many jobs they will create in order to qualify as th
Read More70% of Indian automobile sales will be digitally influenced by 2020
Almost 70 per cent of Indian automobile sales or $40 billion will be digitally influenced by 2020, compared with $18 billion today. This is according
Read MoreSpotify, valued at $13 billion, to launch direct listing on NYSE
Music streaming service Spotify, most recently valued at $13 billion, will be the first major company to carry out a direct listing on the New York St
Read MoreNew WPI series suggests higher core inflation rate in past six months
The Ministry of Commerce and Industry unveiled the revised Wholesale Price Index (WPI) on May 12 according to the 2011-12 base year. According to this
Read MoreSingle product sales drive carmakers? growth
Automobile companies Toyota, Renault, Ford, Nissan and Volkswagen have all reported double-digit growth in domestic sales last year. But, there is ano
Read MoreL'Oreal now 3rd in personal care market
The Rs 81,000-crore beauty and personal care market, a most competitive category in consumer goods, is seeing new trends as companies fight. Hindustan
Read MoreI-T scanner on end-beneficiary details of P-notes
The international taxation arm of the income tax (I-T) department has sought details of end-beneficiary subscribers of participatory notes (P-notes) f
Read MoreGST panel works out rates for 6,000 items
Ahead of the Goods and Services Tax (GST) Council meeting in Srinagar from Thursday, the Centre and states seem to have arrived at a consensus on the
Read MoreChina pledges $124 billion for new Silk Road as champion of globalization
Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and cal
Read MoreEPFO trustees likely to raise ETF investment limit to 15% on 27 May
The trustees of retirement fund body Employees? Provident Fund Organisation (EPFO) are likely to raise the investment limit in exchange traded funds
Read MoreIndia?s Sterlite Power does a first in Brazil, secures 2 projects; total investment seen at $200 mn
In what could be billed as a first major foray by any Indian power company in Brazil, Sterlite Power has secured two power transmission projects aucti
Read MoreProfits under stress as top line growth muted
With Bharti Airtel?s profits crashing 72 per cent year-on-year and those for Interglobe Aviation falling nearly 25 per cent y-o-y, earnings season con
Read MoreNotification No. 20/2017-Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Aluminium Radiators, Aluminium Radiator Sub-Assemblies and Aluminium Radiator Core, origina
Read MoreNotification No. 19/2017-Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Clear Float Glass, originating in, or exported from, Iran
Read MoreNotification No. 18/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty, on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan,
Read MoreNotification No. 17/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty, on Hot Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, K
Read MoreNotification No.46/2017 Customs (N.T.)
Appointment of common adjudication Authority in case of M/s Beanstalk Brand Consultancy, New Delhi
Read MoreNotification No.45/2017 Customs (N.T.)
Amendment to notification no 142/2016-Customs (N.T.) dated 29.11.2016
Read MoreNotification No.44/2017 Customs (N.T.)
Amendment to notification 62/94 ?Customs (N.T), dated 21.11.1994 so as to allow unloading of imported goods and loading of export goods or any class o
Read MoreNotification No. 37/2017
[Notification No. 37/2017, F. No. 370133/6/2017-TPL]
Read MoreNotification No.RBI/2016-17/302
Submission of Statutory returns (SLR-Form VIII) in XBRL platform
Read MoreIncome Tax Department, Rajasthan
Income Tax Department, Rajasthan
Read MoreU.S.-China trade deal serves up potential corporate winners
Beef companies, credit card firms and liquefied natural gas exporters emerged as potential corporate winners on Friday in the wake of trade agreements
Read MoreUK tech start-up Improbable breaks $1 billion valuation with SoftBank deal
Improbable, a British tech simulation company dreamt up at Cambridge University, has raised $502 million in a funding round led by Japan's SoftBank, v
Read MoreSingapore Airlines invests over SGD 100 million in Vistara
Singapore Airlines (SIA) has invested more than SGD 100 million in Indian carrier Vistara, twice the amount initially planned, a daily reported. The a
Read MoreMutual funds see Rs 1.51 lakh crore inflow in April
Investors have pumped in nearly Rs 1.51 lakh crore into various mutual fund schemes in April, with liquid, income and equity funds attracting most of
Read MoreSuzuki is pumping in billions of dollars to further strengthen its position in India
On March 9, when most automobile industry honchos were busy attending the Geneva Motor Show, the heads of two Japanese carmakers made a flying visit t
Read MoreWe plan to raise Rs 5,000 crore and infuse it in financial services, pharmaceutical: Ajay Piramal
Piramal Enterprises, the drugs-to-financial services conglomerate, has raised only Rs. 500 crore capital in the past 29 years but on Friday, its board
Read MoreIncome Tax Appellate Tribunal to prioritise pending tax cases of salaried, senior citizens
The Income-Tax Appellate Tribunal (ITAT) may soon give priority to hearings where the cases pertain to salaried taxpayers, senior citizens or non resi
Read MoreIMF chief urges Eurozone to progress on Greece debt relief package
IMF chief Christine Lagarde on Friday urged eurozone lenders to be "far more specific" in their commitment to a debt-relief package for Greece. The In
Read MoreGST best bet for states to improve finances: RBI
The introduction of GST will have economy-wide ramifications and holds the ?best bet? for state governments to improve their finances without cutting
Read MoreFiscal position of India?s states likely to improve; debt burden sustainable: RBI
The combined fiscal position of India?s states is likely to improve in fiscal 2017-18, Reserve Bank of India (RBI) said in a report on Friday. The cen
Read MoreGermany accelerates with 0.6% growth; US consumer confidence rallies ? as it happened
That?s all for today. Here?s a quick closing summary. Economists have hailed Germany?s economic resilience after it grew by 0.6% in the first quarter
Read MoreHigh-value transactions by doctors, lawyers under income tax lens
Senior tax officials are reaching out to chartered accountants and CFOs to drive home the point that by May 31 business establishments, various financ
Read MorePrivate equity, venture capital exits worth $1 billion recorded in April: EY
Private equity (PE) and venture capital (VC) exits worth $1 billion were recorded in April 2017, up 270% from April 2016, data from consultancy firm E
Read MoreIndian Oil Corporation plans to raise capacity at Petronet?s LNG terminal
Public sector oil marketer, Indian Oil Corporation Ltd (IOCL) plans additional 1 million tonnes per annum (MTPA) of capacity for Liquified Natural Gas
Read MoreAndhra Pradesh inks deal with HCL Tech to set up Rs 500 crore research facility
Andhra Pradesh IT Minister Nara Lokesh today signed a deal with HCL Technologies for setting up of Rs 500-crore IT research facility in Vijayawada. O
Read MoreGerman major Thyssenkrupp sets up manufacturing facility near Pune
German multinational ThyssenKrupp today inaugurated a new multi-purpose facility for the elevator industry which will include manufacturing of elevato
Read MoreSilver jewellery sees India-led recovery
This year is expected to be a better one, feels the silver trade on the global trend. The World Silver Survey 2017, issued by the US-based Silver Inst
Read MoreIndia can clock over 7.5% GDP growth in 2017-18: Ashok Lavasa
India can clock a GDP growth of over 7.5 per cent in the fiscal 2017-18 and the country's macro-economic fundamentals, including fiscal deficit and in
Read MoreRetail sales strengthened in April, brightening economic outlook
Sales at U.S. retailers rose in April, and March sales were stronger than originally estimated, painting a stronger picture of American consumers than
Read MoreGold regains sheen on global cues, jewellers' buying
Gold prices rebounded by Rs 150 to Rs 28,550 per 10 grams at the bullion market today on firm cues from global markets and fresh buying by local jewel
Read MoreIndia making concerted push to tackle bad loans: Fitch
Fitch Ratings on Friday said Indian authorities are making a more concerted push to clean up bad loans in the banking sector but the move would imping
Read MorePiramal Enterprises Q4 net profit rises 61% to Rs 311 crore
Piramal Enterprises Friday reported a 61.06% growth in consolidated net profit at Rs 310.96 crore for the fourth quarter ended March, mainly on accoun
Read MoreAadhaar not required for PAN link, filing ITR
The income tax department on Friday exempted a few classes of assessees from the requirement of compulsorily quoting the Aadhaar number while applyin
Read MoreRetail inflation hits a low of 2.99% in April on lower food prices
Retail inflation fell sharply to 2.99 per cent in April, from 3.89 per cent in March, due to lower cost of food items, including pulses and vegetables
Read MoreSolar power tariff falls further to Rs2.44 per unit
India?s solar power tariff hit a new low of Rs2.44 per unit on Friday at the auction of 500 megawatt (MW) of capacity at the Bhadla solar park in Raj
Read MoreIndian steel makers stay protected from cheap imports as anti-dumping duties stay
Continuing with the policy of protecting domestic steel-makers from cheap imports, the government has imposed definitive anti-dumping duties on specif
Read MoreIndia?s foreign exchange reserves zoom to new all-time record, touch $375.7 bn
India?s foreign exchange reserves zoomed past their previous week?s record to touch a new high of $375.7 billion on May 5, data released by the centra
Read More?States? fiscal deficit will fall to 2.6% in FY18?
The combined fiscal position of India?s states is likely to improve in fiscal 2017-18, an RBI report said on Friday. The central bank noted that the i
Read MoreIIP rises to 5% as base year change inflates growth since FY13
The new series data, released on Friday, gave a much better picture of the country?s industrial performance than assumed earlier, with the index of in
Read MoreRupee zooms 25 paise to 64.38 against US dollar, biggest gain in 4 weeks
Scripting its biggest single-day gain in four weeks, the rupee on Thursday rallied by 25 paise to 64.38 a dollar on heavy selling of the US currency.T
Read MoreNPA norms welcome, will force decisions: Axis Bank?s Shikha Sharma
Axis Bank MD and CEO Shikha Sharma today welcomed changes in NPA resolution as moves that will ?force? decisions by cutting layers, and also said the
Read MoreCorporate India's January-April deal tally at $33.49 billion: Grant Thornton
Corporate India announced deals worth USD 1.96 billion in April through 28 transactions taking the year-to-date deal tally to USD 33.49 billion, says
Read MoreGerman economic growth speeds up
First-quarter GDP growth was 0.6%, faster than the October-to December 2016 figure of 0.4%.Household and state spending were strong, while firms inves
Read MoreUS and China sign trade agreement
Under the deal, China will also lift its ban on US beef imports and accept US shipments of liquefied natural gas.In return, Chinese cooked chicken wil
Read MoreJapan?s GDP seen growing for fifth straight quarter on consumer spending, exports
Japan?s economy is expected to expand for a fifth straight quarter in January-March led by a recovery in consumer spending and solid offshore demand,
Read MoreCentre, states may settle for 4 per cent GST on gold, silver
The Centre and the states may settle for 4% goods and services tax (GST) on bullion and opt for a special rate for financial services, amid intense lo
Read MoreApril CPI inflation to slip to 3.2% from 3.8% in Mar: BofA-ML
April CPI inflation is expected to slip to 3.2 per cent from 3.8 per cent in March, well within the RBI?s 2-6 per cent target, says a Bank of America
Read MoreApril retail inflation seen easing to three-month low
Consumer inflation is expected to have eased to a three-month low in April, helped by smaller rises in food prices, but with a summer rebound in prosp
Read MoreIndia will clock over 7.5% growth in 2017-18: Finance Secretary Ashok Lavasa
India can clock a GDP growth of over 7.5 per cent in the fiscal 2017-18 and the country's macro-economic fundamentals, including fiscal deficit and in
Read MoreApril gold import at 75 tonnes
Gold import's momentum has continued in April, with an estimated 75-odd tonnes, after 103.8 tonnes in March by jewellers and bullion traders, estimate
Read MoreSteel, metal firms announce Rs 1.4 lakh-cr capex as fundamentals improve
Indian metals companies have started reviving their capacity expansion plans again as they see demand recovering and since prices have remained elevat
Read MoreRegistration for GST enrolment to reopen on June 1
The revenue department on Thursday said 6.05 million entities have enrolled themselves with the goods and services tax network (GSTN) system and for t
Read MoreE-commerce consolidation to give way to mature growth in sector
With the decks having been cleared for the sale of Snapdeal to Flipkart, India?s e-commerce industry might look like a two-horse race, but a third rid
Read MoreKotak Bank to raise Rs 5,662 cr via QIP, promoter stake to fall
Private lender Kotak Mahindra Bank is looking to raise about Rs. 5,662 crore through sale of 6.20 crore shares through qualified institutional placeme
Read MoreGM mustard gets backing from regulator
In a watershed moment India?s regulator for transgenic products, the Genetic Engineering Appraisal Committee (GEAC), has approved commercial productio
Read MoreChina's $246 Billion Foreign Buying Spree Is Unraveling
China?s biggest-ever foreign acquisition frenzy is ending almost as dramatically as it began. After stunning the world with a record $246 billion of a
Read MoreFederal Reserve on course to reduce asset purchases, says William Dudley
The Federal Open Market Committee (FOMC), the interest rate setting body in the US, is on track to reduce its asset purchases this year or the next as
Read MoreKerala to spend Rs.20,000 cr under package to tackle recession
The CPI-M led LDF government in Kerala proposes to spend about Rs.20,000 crore for various development projects as part of its package to address econ
Read MoreCBDT online facility to link Aadhaar with PAN
The Income-Tax Department has launched an online facility to link Permanent Account Numbers with Aadhaar. Under the facility, the taxpayer will have t
Read MoreGMDC posts 127% jump in standalone net profit
State-run mining major Gujarat Mineral Development Corporation Ltd (GMDC) has posted a standalone net profit of Rs. 90 crore for the fourth quarter en
Read MoreNissan annual profit rises on strong US, China, Europe sales
Japanese automaker Nissan Motor Co.'s profit rose by 27 percent in the fiscal year that ended in March to 663.5 billion yen ($5.8 billion), as strong
Read MoreEU hails economic growth but warns of uncertainty in UK over Brexit
The European Union's economic recovery is continuing, with steady growth expected this year and next, the bloc said - although it warned of uncertaint
Read MoreVerizon buys 5G wireless spectrum holder for $3.1 billion
Verizon will pay $3.1 billion for wireless spectrum holder Straight Path Communications, it confirmed today, giving it access to the kind of frequenci
Read MoreEquity mutual fund inflows hit 4 month high of Rs 9,429 crore in April
Equity mutual funds witnessed an inflow of Rs 9,429 crore in April, the highest in four months, due to participation from retail investors and steps t
Read MoreIndia scores high among FPIs with 3,500 fresh registrations in FY17
Close to 3,500 fresh foreign portfolio investors (FPIs) registered with capital market regulator Sebi in 2016-17, an indicator that India remains an a
Read MoreSBI to allow ATM withdrawals via e-wallet at Rs 25 per transaction
The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank's mobile wallet.Ho
Read MoreTata Group spends Rs18,409 cr on R&D in FY16; files over 8k patents
The Tata Group spent $2.8 billion, or Rs 18,409 crore, on R&D in FY16. Such spending has helped the group file over 8,000 patents and led to billions
Read MoreAs Snapdeal gets nod for takeover by Flipkart, founders Kunal Bahl and Rohit Bansal hit pay dirt
Founders Kunal Bahl and Rohit Bansal will relinquish control of online marketplace Snapdeal to market leader Flipkart as early investors in the Delhi-
Read MoreHCL Tech Q4 net up 27%; optimistic on FY18 growth
IT firm HCL Technologies net profit rose over 27 per cent to Rs 2,475 crore for the March quarter of last fiscal, showing a stronger growth than large
Read MoreHavells Q4 profit falls 73%; to exit global operations
Electric equipment maker Havells India reported a 73% fall in profit to Rs 97.4 crore for the final quarter of FY17. The company has booked impairment
Read MoreCBDT issues draft ICDS on real estate
The Central Board of Direct Taxes (CBDT) on Thursday released the draft Income Computation and Disclosure Standard (ICDS) on real estate transactions
Read MoreDMRC told to pay Reliance Infra Rs 2,950cr after 3-year arbitration
The arbitration over Delhi metro?s controversial airport express line, decided by a three-member committee after more than three years of hearing, has
Read MoreNotification No. 37/2017[F. No. 370133/6/2017-TPL
Publish Date : Thursday, May 11, 2017
Star Health Insurance investors finalise bankers for exit plans; expect Rs 4000 crore Rs 5000 crore valuation
Marquee private equity investors of the country's first stand-alone health insurance company Star Health & Allied Insurance have finalised investment
Read MoreChina, Africa trade, investment 'off to a flying start' in 2017
China's trade with African countries rose nearly one-fifth in the first quarter from a year earlier, while its direct investment in the continent soar
Read MoreEuro zone unemployment higher than data show, capping wages
Euro zone unemployment is higher than official data suggest, continuing to keep wage growth muted, a European Central Bank study showed on Wednesday,
Read MoreModi?s diktat paying off: India?s stalled infrastructure projects worth $262 bn on a roll
Prime Minister Narendra Modi?s efforts to push delayed infrastructure projects are paying off. About a quarter of 1,201 projects valued at 16.9 trilli
Read MoreRetail inflation seen easing in April on lower food prices
Inflation seems to have cooled in April due to lower food prices, but the pullback may not give the Reserve Bank of India enough leeway to ease moneta
Read MoreIndia plans to develop roads overseas amid domestic shortfall
India plans to develop roads in neighboring countries as it seeks to strengthen its position in South Asia amid the growing influence of China. State-
Read MoreUK industrial output falls in March
The Office for National Statistics said industrial output fell 0.5% compared with February, when it dropped by a revised 0.8%.Falling demand for energ
Read MoreNiti Aayog to lead panel to transform lagging Uttar Pradesh
A joint working group of the Uttar Pradesh administration and Niti Aayog will transform the state which lags behind in many areas despite huge growth
Read MoreInvITs ?to help sponsor firms deleverage Rs.13,000-cr debt?
The first four infrastructure investment trusts (InvITs), which are likely to hit the primary market in the current fiscal, could reduce the overall d
Read MoreOracle to expand its cloud services to India and set up a data centre
Global tech major Oracle on Wednesday announced it would expand its cloud services in India over the next six-nine months with plans for a dedicated d
Read MoreIOB cuts MCLR rate by 10 bps
Indian Overseas Bank has cut its marginal cost of fund-based lending rate (MCLR) by 10 basis points from May 10 across all tenors. The new MCLR will
Read MoreCredit growth plunges to even lower than FY17 level to 4.3%
The new financial year began on a sour note for bank credit growth, which slipped to 4.32% in the fortnight to April 28, much lower than the 63-year l
Read MoreChina's factory prices slow further as manufacturing, commodities cool
China's April producer price inflation cooled more than expected in a sign manufacturing activity may be losing momentum along with other sectors of t
Read MorePepsiCo revives Punjab citrus project after over a decade
In a major boost to the current Punjab Chief Minister Amarinder Singh government?s efforts to woo industry into the state, PepsiCo India has decided t
Read MoreAirtel plans Rs 19,000-cr capex this year despite 72% decline in net profit
Despite a 72 per cent decline in net profit for the March quarter, telecom major Bharti Airtel said it was committing a capital expenditure of $3 bill
Read MoreShareholding in India Inc: Domestic investors close gap with FPI
Domestic investors, including retail and institutional, are close to displacing foreign portfolio investors (FPIs) as the most influential group on Da
Read MoreFed hikes, commodity gains to come hand-in-hand: Goldman
Commodities investors need not fear the Federal Reserve. Raw materials perform best when the US central bank is hiking rates, according to Goldman Sac
Read MoreApple tops $800 billion market cap for first time
Apple became the first US company to top the $800 billion mark in market capitalisation last night, slightly more than two years after it crossed the
Read MoreINC Research to merge with inVentiv in latest contract medical research deal
INC Research Holdings Inc (INCR.O) said on Wednesday it would merge with private equity-owned inVentiv Health Inc, a fellow contract research services
Read MoreGold ETFs see Rs 66 crore outflow in April
Investors remained bearish on gold exchange-traded funds (ETFs) and pulled out Rs 66 crore from the instrument in April, preferring to invest in equit
Read MoreRussia boosts Urals oil flow to India as OPEC cuts production
Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to
Read MoreIndia to import LPG from Iran to meet rising demand
India has for the first time ever signed a contract to import LPG from Iran as it looks at additional sources of cooking fuel to meet rising domestic
Read MoreSensex, Nifty hit record closing highs as El Nino fears ebb; investor wealth nears $2 trillion
The benchmark Sensex soared to a record close of 30,248, while the broader Nifty breached the 9,400-mark for the first time on Wednesday as investors
Read MoreRBI net buys $3.53 bn from spot market in March
The Reserve Bank continued to remain a net buyer of the US currency in March after it bought a net of $3.53 billion from the spot market to contain a
Read MoreBanks Expect Asia Bond Issuance to Surge Past $200 Billion
Asia?s dollar bond issuance is on a roll: bankers and analysts are lifting their 2017 forecasts as Chinese, Indonesian and Indian companies turn to th
Read MoreNovelis sells 50% stake in South Korea unit to Kobe Steel for $315 million
Novelis, the global leader in aluminum rolling and recycling, and part of Aditya Birla Group, has sold 50% stake in its Ulsan aluminum plant in South
Read MoreGST to have significantly smaller assessee base despite high exemption threshold
To start with, the goods and services tax (GST) will have an assessee base significantly smaller than the combined universe of central excise, service
Read MoreHero MotoCorp Q4 profit falls, misses estimates
India's Hero MotoCorp Ltd on Wednesday reported a 14 percent fall in its March-quarter net profit as a cash crunch following the government's ban on h
Read MoreSoftBank losses from Snapdeal, Ola at $1.4 billion
Japanese investor SoftBank Group Corp. has written down the value of its investments in online marketplace Snapdeal and cab aggregator Ola by $1.4 bil
Read MoreRain cheer for stocks
Markets were on cloud nine today as forecast of a normal monsoon triggered massive buying, lifting the benchmark Sensex and Nifty to their all-time cl
Read MoreDrop in India Inc's 'returns on equity' more to do with macro factors not gender diversity
The performance of a company's board cannot be viewed from the prism of gender diversity alone. Globally, several reports have shown that companies th
Read MoreKKR invests Rs 200 crore in realty firm Signature Global
Global investment firm KKR has invested Rs 200 crore in real estate firm Signature Global for the development of affordable housing projects. Signatur
Read MoreBig relief for Mumbai commuters: MMRDA?s Rs 80,000 cr transport overhaul to include high-speed rail network, ease burden on railways
Some of the world?s largest manufacturers of urban railway systems are gearing up to battle for a share of orders worth as much as 480 billion rupees
Read MoreHow will GST impact the Indian real estate sector
The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will elimi
Read MoreSuzuki to invest 100 billion yen to setup a new production line at its Gujarat plant
Maruti SuzukiBSE 1.53 %'s Gujarat plant, which is wholly owned by Suzuki Motor Corporation, might get a fresh investment of 100 billion yen from its o
Read MoreOnline gaming industry in India to hit $1 billion by 2021
Though still in a nascent stage, the online gaming industry in India is expected to grow to $1 billion by 2021 from the current $360 million - a growt
Read MoreSoftBank annual profit up 13 per cent on better performance by Sprint
Japan's SoftBank Group Corp reported a 13 percent rise in full-year operating profit, benefiting from cost cuts and a rise in subscribers at its US wi
Read MoreMerkel rules out eased eurozone spending rules to help Macron
Angela Merkel has dismissed the idea of helping Emmanuel Macron by relaxing eurozone spending rules, quickly putting the onus on France's next preside
Read MoreEBRD sees moderate pick-up in region's growth, cautious on global backdrop
The European Bank for Reconstruction and Development (EBRD) predicted on Wednesday that its region's growth would pick up moderately as stable commodi
Read MoreRBI extends BBPS deadline by seven months
The Reserve Bank today extended the last date for companies undertaking billing business under the Bharat Bill Payment System (BBPS) by seven months t
Read MoreOil prices rise on expectation of Aramco supply cut to Asia
Oil futures rose on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC tries to counter rising US output that is t
Read MoreMinistry of Finance should be able to infuse $27 billion into PSBs by 2019: BOfAML
The Ministry of Finance should be able to infuse $27 billion of capital into PSU banks by 2019 without breaching its fiscal deficit target, says a Ban
Read MoreFDs losing fizz, investors lap up NCDs off the Street
Investors, worried about the fall in income from fixed deposits due to low interest rates, are turning to non-convertible debentures (NCDs) in the sec
Read MoreBS-III norms: Construction gear industry breathes easy
Construction equipment manufacturers heave a sigh of relief as the apex court has clarified that its order for banning sale and registration of BS-III
Read MoreGSTN enrolment halts; to restart later
Enrolment under the goods and services tax network (GSTN) to migrate taxpayers to the new indirect tax regime?s information technology system has been
Read MoreSBI to raise funds via FPO, QIPs; to appoint 6 merchant bankers
Country's largest lender SBI today said it plans to raise funds through follow-on public offer and institutional placement in the current fiscal and h
Read MoreRiding on exports, Ford emerges as third largest car maker in India
American car maker Ford produced more cars than Mahindra & Mahindra and Tata Motors in 2016-17 to emerge as the third biggest car maker in the country
Read MoreIMF says Asia facing risks from rise in protectionism
The International Monetary Fund said Asia's economic outlook faces "significant" uncertainty and downside growth risks from any sudden tightening in g
Read MoreGold snaps 7-day fall, gains Rs 20
Bringing to an end its 7-day falling streak, gold today recovered marginally on fresh buying by local jewellers, rising Rs 20 to hit Rs 28,570 per 10
Read MoreGeneral insurers log 16% growth in April gross premium
General insurance companies reported a growth of 16% in gross direct premium in April 2017. According to senior officials in the industry, health and
Read MoreNew mechanism to solve toxic assets on same lines as earlier measures: Moody?s
Global rating agency Moody?s said on Tuesday that the new mechanism to resolve the issue of massive toxic assets with the banks are broadly along the
Read MoreRupee revisits 3-week low against dollar, tanks 32 paise
Scripting its biggest single-day loss this year, the rupee tumbled by a whopping 32 paise to end at a fresh three-week low of 64.63 against the resurg
Read MoreNon-food credit growth slips back to 5.08%
Growth in non-food credit slipped back to its mid-March level of 5.08% year-on-year (y-o-y) during the fortnight ended April 28, from 6.38% y-o-y in t
Read MoreIndia's Energy Efficiency Champion Eyes IPO After Entering U.K.
India?s state-backed Energy Efficiency Services Ltd. is considering an initial public offering as part of a plan to bring its power-savings business m
Read MoreCar sales grow 14.68 per cent in April on strong 23% YoY sales growth of Maruti Suzuki
Passenger vehicle sales in the domestic market grew by a robust 14.68% in April largely on the back of a strong 23% year on year sales growth of Marut
Read MoreAfter China, India to pump Rs 10,000 cr in deep sea mission project
India has embarked on an ambitious Rs 10,000-crore Deep Sea Mission, likely to commence by the year end, to explore and mine mineral wealth beneath th
Read MoreArun Jaitley hints at incentives for local manufacturing in defence
Defence Minister Arun Jaitley has hinted that incentives are being worked out to encourage domestic manufacturing in the defence sector so as to cut i
Read MoreGujarat assembly passes GST Bill in special session
The Gujarat assembly on Tuesday passed the State Goods and Services Tax (GST) Bill in a special one-day session held at Gandhinagar.The Parliament had
Read MoreIndia to grow at 7.2% in FY18, says IMF
India's growth is expected to rebound to 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 after "disruptions" caused by demonetisation, the Internationa
Read MoreIndiGo Q4 net down 25% on higher fuel costs; to buy $1.3-bn planes from ATR
InterGlobe Aviation, owner of the country's largest airline IndiGo, posted a nearly 25 per cent fall in profits for fourth quarter in financial year 2
Read MoreReliance Jio effect: Bharti Airtel continues to suffer in Q4, net down 26% sequentially
The country?s largest telecom operator, the Sunil Mittal-led Bharti Airtel was hit hard on all the fronts for the second consecutive quarter during th
Read MoreCircular No.17/2017-Customs
Implementation of Notification No. 107/2016- customs (N.T.) dated 11.08.2016- Uploading the Departure Manifests by Airlines(carriers)- reg.
Read MoreNotification No. 16/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Partially Oriented Yarn (POY) originating in or exported from China PR under notification No
Read MoreNotification No. 18/2017-Customs
Seeks to amend notification No. 12/2012 dated 17.03.2012 so as to make effective rates of BCD on industrial grade palm stearin (crude, RBD or other) w
Read MoreNotification No.RBI/2016-17/301
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/300
National Electronic Funds Transfer (NEFT) system ? Settlement at half-hourly intervals
Read MoreNotification No.RBI/2016-17/299
Timelines for Stressed Assets Resolution
Read MoreNotification No.RBI/2016-17/298
Exim Bank's Government of India supported Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana
Read MoreUnion Bank net profit up 12% at Rs 108 crore in January-March quarter
Public sector lender Union Bank of India has registered an increase of 12.5 per cent in net profit to Rs 108.22 crore during the fourth quarter ended
Read MoreOracle to help Jharkhand become startup hub
In a bid to improve citizen services, increase employment and encourage startup investments in the state, the Jharkhand government and tech major Orac
Read MoreChina's economy continues to decelerate amid transition to consumption-based economy: IMF
China's GDP continues to decelerate, with a growth forecast of 6.6 per cent for 2017, as it transitions from an export and investment based economy to
Read MoreGovernment open to providing more funds for banks' recapitalisation: Arun Jaitley
Finance Minister Arun Jaitley has said the government is open to providing more funds for banks? recapitalisation and paring its stake once their heal
Read More$1.3 trillion housing boom set to be India's next growth driver
In a country where slums sit cheek-by-jowl next to palatial luxury -- including what?s been reported as the world?s most expensive private home -- Ind
Read MoreWith middlemen out, farmer markets earn Rs 5 crore per week
The state government's decision to deregulate sale of fruits and vegetables and set up weekly farmer markets has paid off handsomely for growers. In a
Read MoreInvoice matching mechanism in GST to check frauds: Arun Jaitley
The invoice matching mechanism in the goods and services tax (GST) to be rolled out from July 1 will help curb fake bill frauds, Finance Minister Arun
Read MoreBS-III ban does not apply to tractors, harvesters, CEVs, says Supreme Court
The Supreme Court on Monday clarified that manufacturers of farming vehicles like tractors and combine harvesters and construction equipment vehicles
Read MoreGerman industrial output points to solid growth
German industrial production fell by less than expected in March and trade proved resilient, data showed on Tuesday, supporting robust growth expectat
Read MoreAsia?s growth outlook faces ?significant? uncertainty: IMF
The International Monetary Fund said Asia?s economic outlook faces ?significant? uncertainty and downside growth risks from any sudden tightening in g
Read MoreFocus on Q results, not long-term growth has created India?s NPA conundrum
India?s NPA problem has a flip side to it: the issue of rising corporate debts. The IMF, in its latest Global Financial Stability Report, warned that
Read MoreBank of India cuts MCLR by 5-10 bps
Bank of India has cut its marginal cost of funds-based lending rates by 5-10 basis points for May, data on the lender?s website showed.The public sec
Read MoreABB India Q1 profit up 3.18%
ABB India has posted 3.18 per cent higher profit for the first quarter (Q1) of the calender 2017 at Rs.88.17 crore compared with Rs.85.45 crore posted
Read MorePrice-capping ate into pharma industry growth, says new CII President
The industry is paying a heavy price for the capping of essential medicine prices, according to Shobana Kamineni, the new President of the Confederati
Read MoreRoute Mobile acquires BPO Call2Connect
Route Mobile, a mobile technology firm with expertise in messaging and voice interface, has bought business process outsourcing company Call2Connect f
Read MorePrint circulation in India bucks global trend, grows 4.87% in past decade: ABC
The circulation of India?s print publications grew at the compound annual growth rate or CAGR of 4.87% between the end of 2006 and the end of 2016, to
Read MoreOil curbs could extend beyond 2017, says Saudi Arabia
Saudi Arabia?s oil minister said he?s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the
Read MoreRBI to soon start picking bad loan cases for action
Armed with additional legislative powers, the RBI will soon start identifying cases for resolution of non-performing assets in consultation with IBA f
Read MoreIndia to grow 7.5% next year on higher infra spending, says UN
The Indian economy will grow 7.5 per cent next year by virtue of consumption revival and higher infrastructure spending, says a report by the UN Econo
Read MoreChina's April exports rise but slow from March
Chinese exports rose for the second consecutive month in April, official data showed today, boosted by improving global demand, but at a slower pace t
Read MoreLooking forward to revival of Indian steel sector on RBI measures
Last week brought some good news for Indian steel industry. The government has advised RBI to formulate effective and innovative policy measures that
Read MoreIndia's April gold imports more than double from year ago - GFMS
India's gold imports in April more than doubled from a year ago to 75 tonnes on strong demand during a festival that prompts purchases and as jeweller
Read MoreSebi allows investors to buy mutual funds via digital wallet
Markets regulator Sebi today allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets, making it easier for them -- es
Read MoreMutual Funds' asset base crosses Rs 19 lakh cr mark
The mutual fund (MF) industry's asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money marke
Read MorePunjab & Sind Bank raises Rs 1,000 cr via bonds
Public sector lender Punjab & Sind Bank today said it has alloted Basel III compliant bonds on private placement basis to raise Rs 1,000 crore."Allotm
Read MoreRupee recovers 7 paise to 64.31 against US dollar
The rupee on Monday recovered modestly to close higher by 7 paise at 64.31 on bouts of dollar selling by exporters and banks amid firming equities.Ren
Read MoreBharti Infratel's Q4 consolidated net profit declines by 17%
Telecom towers and communication structures provider Bharti Infratel on Monday reported a decline of 17 per cent in its consolidated net profit for th
Read MoreMaruti prepares for bigger role in Suzuki's development programme
Maruti Suzuki India (MSI) is preparing for a bigger role in product development programme of parent Suzuki, buoyed by the success of Vitara Brezza in
Read MoreGood news for subscribers, EPF deposits may get 8.65 per cent returns in 2017-18 too
Deposits on employees? provident fund may continue to fetch 8.65% returns for the second year in a row in the 2017-18 fiscal, labour minister Bandaru
Read MoreIOC In Early Talks With Aramco For Downstream Project
India?s top refiner, the Indian Oil Corporation Ltd (IOC), said it is in initial talks with Saudi Aramco on downstream investments, including a mega p
Read MoreSBI reduces home loan rates by up to 25 bps
Country?s largest bank, State Bank of India has reduced home loan rates between 10 to 25 basis points, a move that will force other lenders to reduce
Read MoreGood news for Flipkart, John Hancook raises valuation by 16 per cent
After a series of mark downs from various mutual funds, US-based mutual fund player John Hancock, has marked up Flipkart shares by 16% ? the biggest f
Read MoreAppellate Tribunal for Forfeited Property (ATFP)
Appellate Tribunal for Forfeited Property (ATFP)
Read MoreIndia's April gold imports more than double from year ago -GFMS
India's gold imports in April more than doubled from a year ago to 75 tonnes on strong demand during a festival that prompts purchases and as jeweller
Read MoreSBI slashes affordable home loan rates by 25 bps to 8.35 per cent; lowest in market
Public sector bank State Bank of India (SBI) on Monday said that it has slashed the interest rates for home loan below Rs 30 lakh by 25 basis points t
Read MoreBad debt situation not that grim, recovery hopes intact: SBI chief Arundhati Bhattacharya
State Bank of India BSE 0.91 %, the country's largest lender, today said most of the nation's bad loans belong to industries that are still in busines
Read MoreRBI makes it easier for banks to implement joint lenders forum
The Reserve Bank of India sprang into action as soon as the government notified the ordinance on bad loans, with the regulator offering more teeth to
Read MoreMutual Funds' asset base crosses Rs 19 lakh crore mark
The mutual fund (MF) industry's asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money marke
Read MoreJapan set for biggest current account surplus in 10 years
Japan is expected to report its biggest current account surplus in 10 years this week, made up of solid income from overseas investments and a strong
Read MoreChina April exports, imports rise less than expected
China?s exports and imports rose in April but missed analysts? expectations, as domestic and foreign demand faltered and commodity prices fell. China?
Read MoreGST scheduled for july 1 rollout:Arun Jaitley
The Goods and Services Tax (GST) is on schedule for implementation from July 1 and will not lead to any significant increase in prices of goods althou
Read MoreFederal Bank to Raise .2.5k cr Via Stock Sale
Federal Bank, whose origins predate India?s Independence, would raise up to 2,500 crore through a stock sale to institutional buyers, boosting the pri
Read MoreGIC Re gets IPO plans ready; appoints 5 bankers
General Insurance Corporation of India, the stateowned reinsurance company, has moved a step closer to an initial public offering. It has selected HSB
Read MoreIcertis may expand operations in Europe, Asia-Pacific
Cloud-based contract management firm Icertis plans to strengthen its presence in Europe this year, followed by the Asia-Pacific region in 2018.The Sea
Read MoreIndia's FDI momentum may slow down this year: HSBC
India's FDI inflow momentum may slow down this year and exports too may not revive with "full gusto" as domestic bottlenecks remain, says a report. Al
Read MoreNo more rejection for start-ups seeking tax sops
In what could be a morale booster for start-ups, the government has decided to do away with the practice of rejecting applications for tax sops.Instea
Read MoreFPIs dump shares worth Rs 1,700 crore in 4 trading sessions
Foreign investors have pulled out close to Rs 1,700 crore from Indian stock markets in the last four trading sessions amid global weakness triggered b
Read MoreIndices hooked to volatility
Both the Nifty and the Sensex were volatile through most of last week as the indices experienced selling pressure at higher levels. They failed to con
Read MoreSunny days ahead for merchandise trade?
India?s exports for March 2017 were $29 billion, a level not seen over the last two years. Imports were close to $40 billion, another multi-year high.
Read MoreAsia event-driven hedge fund on the anvil
Damian Edwards, a former managing director at Royal Bank of Canada, is starting an Asian event-driven hedge fund to take advantage of a surge in merge
Read MoreSBI, PNB lower deposit rates
With banks being flush with liquidity and lending activities yet to gather full steam, deposit rates have been on the decline for quite sometime now.
Read MoreRising global steel prices make anti-dumping duty redundant
The protection against imports given to domestic steel companies has become redundant with international prices rising above the base price prescribed
Read MoreACC-Ambuja merger to ease investor concerns
The decision of ACC and Ambuja Cements to explore a merger should be well received by investors. The merger of two LafargeHolcim group companies (Ambu
Read MoreGujarat drops 4,000-Mw coal power project
The government of Gujarat has dropped a proposal for setting up a 4,000-Megawatt (Mw) coal-based ultra mega power project (UMPP). The current governm
Read MoreDP World to invest $1 billion more in India maritime infrastructure: CEO
Dubai-based DP World, one of the leading global operators of marine and inland terminals, has committed a fresh investment of $1 billion in India in s
Read MoreReal estate act comes into force today, only 13 states notify rules
The much-awaited Real Estate Act comes into force from Monday but only 13 states and Union Territories have so far notified rules under the Act which
Read MoreChina Reserves Rise a Third Month Amid Tighter Capital Controls
China?s foreign-exchange reserves rose for a third month in April, exceeding estimates, as tighter capital controls kept money from flowing out of the
Read MoreFed's Williams sees balance sheet as future policy tool
San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massiv
Read MoreOVL output touches record 12.57 mn tonnes in FY17
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, produced a record 12.57 million tonnes of crude oil and equivalent gas from
Read MoreFor IT industry, GST roll-out a $1 bn business
The Indian IT industry is chasing a $1-billion opportunity with the advent of the GST regime, at a time when the sector is going through a bad patch w
Read MoreSoftbank Takes Driving Seat in India Online Shake-Up
After plowing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan?s SoftBank is upping the stakes, lo
Read MoreDiscoms? UDAY results: Rs 12,000 cr saved, but fail to meet operational goals
By December last year, state-run power distribution companies (discoms) saved close to Rs 12,000 crore in interest costs, thanks to the Ujwal Discom A
Read MoreFannie Mae earnings fall, to send $2.8 billion dividends to Treasury
Fannie Mae, the largest U.S. mortgage guarantor, said on Friday its net income fell to $2.8 billion in the first quarter from $5.0 billion the prior q
Read MoreHigh NPAs impeding growth of factoring business: RBI official
A senior Reserve Bank official today said very high level of bad loans are hampering the faster growth of the factoring segment.Noting that despite th
Read MoreHyundai gets India patent for cost-effective molding crash pad
Korean car-maker Hyundai Motor Co has secured an Indian patent for an invention relating to a two-shot molding crash pad that is cost-effective. It is
Read MoreHPCL-Mittal readies $3bn plan for petrochem unit
HPCL-Mittal Energy Ltd, the joint venture with state-run Hindustan Petroleum and NRI steel tycoon Lakshmi N Mittal, is gearing up to invest nearly $3
Read MorePearson launches new cost-cutting drive, may sell K12 business
Pearson, the global education company battling a downturn in its biggest markets, said it would cut more costs and consider selling its US school cour
Read MoreTrader Talk: Can the French election put U.S. markets at new highs?
The S&P 500 hit an historic high on a confluence of near-perfect market events.I've written recently about the near-Goldilocks state of the stock mark
Read MoreN.Y. Fed cuts U.S. Q2 GDP growth view below 2 percent
The New York Federal Reserve on Friday downgraded its outlook on U.S. economic growth in the second quarter to below 2 percent as weaker-than-forecast
Read MoreIMF's Furusawa says premature for BOJ to withdraw stimulus
Japan's economy still needs support from ultra-loose monetary policy despite budding signs of recovery, a senior IMF official said, stressing that it
Read MoreUS jobs growth accelerates in April
Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March.The rebound in the jo
Read MoreIndia assists Mauritania with $65.68 mn electrification project
Despite very low trade between India and Mauritania, New Delhi has approved letters of credit worth $65.68 million for a solar-diesel hybrid rural ele
Read MoreRoad Ministry signs 34 pacts with Rs.2-lakh-crore investment potential
The Road Ministry signed 34 memorandums of understanding with investment potential of over Rs.2 lakh crore, which will improve multi-modal logistics a
Read MorePepsiCo to venture into India?s dairy market with Quaker Oats brand milk
PepsiCo India Holdingss Pvt. Ltd, the maker of Quaker Oats, Lays chips and carbonated beverages like Pepsi, is venturing into the Indian dairy market
Read MoreAmazon brings global programmes to India
Expanding its prime benefits to customers, Amazon.in on Friday said it has launched two of its global programmes, Amazon Family & Baby Wish List in In
Read MoreBlankfein Says City of London Growth May ?Backtrack? on Brexit
Brexit may cause the growth of London?s financial center to stall or ?backtrack a bit,? Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfe
Read MoreChemChina clinches landmark $43 billion takeover of Syngenta
ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds g
Read MoreOPEC, non-OPEC see need to extend supply-cut pact: Saudi governor
OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help to clear a supply glut,
Read MoreIndia?s crude steel output rises 5% to 8 MT in April
India?s crude steel production increased 5.4 per cent to 8.107 million tonnes (MT) in April, from 7.69 MT during the same month last year, according t
Read MoreGold prices extend losses on global cues, muted demand
Falling for the fifth straight session, gold prices fell by Rs30 to Rs28,850 per 10 grams at the bullion market on Friday, tracking a weak trend overs
Read MoreBoI to raise Rs 10K cr via bonds
Public sector lender Bank of India today said its shareholders have approved a proposal to raise up to Rs 10,000 crore through issue of bonds. In a BS
Read MoreBank credit demand seen rising 7-8% in FY18, bond mkts at 22%
A buoyant debt market will ensure that aggregate credit demand grows 12 per cent in fiscal 2018 even though bank credit is seen only growing by 7-8 pe
Read MoreShort-term yields rising despite surplus liquidity
Short-term bond yields moved upwards in the past one month, ignoring persistently high liquidity and tracking their long-term peers, as traders expect
Read MoreQuikr acquires home services start-up Zimmber
Online classifieds company Quikr on Friday announced the acquisition of Zimmber, an on-demand household services provider, to further scale its hyperl
Read MoreCognizant net profit up 34 per cent sequentially
Nasdaq-listed IT services company Cognizant, which has a major presence in India, has reported a 34% sequential rise in net profit for the three month
Read MoreIndia INX trading volume for a day crosses USD 100 million
Total daily trading volume on BSE's international exchange in the Gift City today crossed the USD 100 million mark for the first time.The India Intern
Read More34 MoUs for Rs 2 lakh crore investments inked at transport summit
As much as 34 MoUs promising investment propossals worth Rs 2 lakh crore were signed during the three-day first India Integrated Transport and Logisti
Read MoreAfter Gujarat and Andhra, Kerala enters club of fully-electrified states
After Gujarat and Andhra Pradesh, Kerala is readying to enter the select club of fully-electrified states. Each and every household in Kerala will hav
Read MoreCentral Board of Direct Taxes releases rules to compute fair market valuation of unlisted shares
The Central Board of Direct Taxes (CBDT) on Friday released draft methodology for arriving at the fair market valuation (FMV) of the unquoted shares (
Read MoreForex kitty at $373 billion hits all-time high
Foreign exchange reserves jumped to an all-time high of $372.7 billion as on April 28, breaking its previous record of $371.2 billion as on September
Read MorePart of LafargeHolcim, ACC, Ambuja Cements mull merger
ACC and Ambuja Cements are exploring the possibilities of a merger and the boards of the two companies on Friday decided to constitute a special commi
Read MoreRBI gets more power to crackdown on bad loans,NPAs as President signs ordinance to amend Banking Regulation Act
President Pranab Mukherjee on Thursday signed an ordinance giving more teeth to the Reserve Bank of India to deal with the growing problem of non perf
Read MoreNotification No. 17/2017-Service Tax
Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to exempt life insurance services under 'Pradhan Mantri Vaya Vandana Yojana'.
Read MoreNotification No.43/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 5th May, 2017
Read MoreNotification No. 36/2017
[Notification No. 36/2017/F. No. 370142/7/2017-TPL]
Read MoreCommentary: Small, advanced economies will continue to outperform larger economies
Given the remarkable political events that have unfolded over the past 12 months, from Brexit to Donald Trump assuming the US presidency, with rising
Read MoreSaudi Arabia avoids financial crisis, now prepares for the hard part
Saudi Arabia has dodged a financial crisis due to low oil prices by slashing state spending and borrowing tens of billions of dollars abroad, but now
Read MoreChina tightens rules on private think tanks
China has ordered private think tanks to register with the authorities, who will also keep tabs on research activity, under new rules published by sta
Read MoreChemChina clinches $43 billion takeover of Syngenta
ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the
Read MoreNarendra Modi government targets 300 mn tonnes steel production capacity by 2030; to rope in private players
The government plans to set up new steel plants on surplus land available with PSUs by forging partnership with private sector to help more than doubl
Read MoreIndia's revenue receipts to reach Rs 30 lakh crore in 2 years: Nitin Gadkari
With demonetisation, a GST regime and efforts to augment infrastructure, India's revenue receipts could touch Rs 30 lakh crore in the next two years,
Read MoreNBFCs retail credit to grow by 16-18 per cent in FY18: Icra
Domestic rating agency, IcraBSE -2.20 %, today said NBFCs retail credit which stood at Rs 5.6 trillion as on December 2016, is likely to expand by 16-
Read MoreIndia can achieve 10% GDP growth by FY20: CII
India can achieve a gross domestic product (GDP) growth of 10 per cent by fiscal year 2019-20 on the back of tremendous opportunities available in the
Read MoreGST will propel economy to eight per cent growth rate in next fiscal: Shaktikanta Das
The Indian economy will grow 8 per cent next fiscal as the full-year impact of the landmark Goods and Service Tax (GST) will be seen by that time, Eco
Read MoreRBI gets nod to embark on India's biggest banking clean-up: 4 things you should know
The RBI will embark on its biggest banking clean-up exercise after President Pranab Mukherjee promulgated an ordinance authorising it to issue directi
Read MoreU.K. Economy Rebounds With Unexpected Services Strength
Growth in Britain?s services sector unexpectedly strengthened in April, giving the economy a solid start to the second quarter after a weaker-than-for
Read MoreRetail inflation seen 5.5-6% in Q4 this year
Consumer inflation may see an uptick at 5.5-6 per cent in the fourth quarter of 2017 as a result of fading demonetisation impact, while rising exports
Read MoreNokia, BlackBerry to mark return with Rs 200-crore bets
Come June, the new owners of Nokia and BlackBerry are going to invest Rs200 crore each to re-enter the Indian smartphone market trying to build on the
Read MoreMF folio count climbs by 77 lakh to record 5.54 crore in FY17
Mutual fund houses added over 77 lakh investor accounts in 2016-17, taking the total tally to a record 5.54 crore led by growing interest from retail
Read MoreEquity ETFs' assets swell threefold to Rs 43,234
Total assets under management (AUM) of equity exchange traded funds (ETFs) in India have nearly tripled to Rs 43,234 crore as on March from Rs 15,066
Read MoreApple forms $1bn fund to promote advanced manufacturing jobs in the US
IPHONE FLOGGER APPLE has formed a new $1bn fund to promote advanced manufacturing jobs in the US.The news was unveiled by Apple CEO Tim Cook in an int
Read MoreHSBC profit falls 19pc as bank seeks to restore falling revenues
HSBC on Thursday reported a 19pc fall in first quarter profit, as Europe's biggest bank battles to restore flagging revenues following its restructuri
Read MoreOil plunges 5%, wiping out all the gains from OPEC?s deal to cut output last November
Oil prices tumbled about 5 per cent on Thursday, breaking below US$50 a barrel to the lowest since late November on signs that OPEC and other produci
Read MoreStrong Rupee May Help Ease India Outbound Investment Rules
A surging rupee, rising currency reserves and a comfortable current-account gap could see India?s central bank consider relaxing rules on outward inve
Read MoreIndian Bank to cut base rate by 0.20% from Sunday
Public sector Indian Bank has reduced the base lending rate by 0.20 per cent to 9.45 per cent. The new base rate will come to effect from next week."B
Read MoreSBI chief Arundhati Bhattacharya says bad loan mess will be resolved in 3 years
State Bank of India (SBI), the country?s largest bank, sees a ?positive turnaround? in the nation?s bad loan mess after the government implements a n
Read MoreCarTrade acquires inspection and valuation company, Adroit Inspection
Auto classified portal, CarTrade announced that it has acquired Adroit Inspection, a vehicle inspection and valuation company. The acquisition will gi
Read MoreRIL to buy its own gas at $4.23
Reliance Industries will sell the natural gas it produces from coal seams in Madhya Pradesh to its own units in Gujarat and Maharashtra at USD 4.23 pe
Read More14 more states in process to notify the law
As many as 14 states and union territories have implemented the Real Estate (Regulation and Development) Act and another 14 states are in the process
Read MoreIncome Tax department activates all ITRs for e-filing
The Income Tax department on Thursday activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18.
Read MoreDP World to invest $1 bn more in India maritime infrastructure: CEO
Leading global operator of marine and inland terminals, DP World today pledged USD 1 billion investment in India to tap into the opportunities the cou
Read MoreServices sector grows for third month in April, headwinds remain
The services sector grew for the third straight month in April but the pace of growth moderated amid slower rise in new business and employment, a mon
Read MoreDemand for gold plunges after Donald Trump win
Global gold demand fell 18 per cent in the first quarter from a year earlier as US investors abandoned the precious metal after Donald Trump?s electio
Read MoreEight states have passed SGST law so far: Govt
The government on Thursday said eight state legislative assemblies have passed their respective State Goods and Services Tax (SGST) Bills so far, afte
Read MoreBaba Ramdev?s Patanjali Ayurved turnover up 100%; eyes exports now
Leaving well-established firms like Dabur and Marico behind, Patanjali Ayurved on Thursday reported a turnover of Rs 9,346 crore for 2016-17, a 100% g
Read MoreBad loans crisis: Centre to amend Prevention of Corruption Act o increase protection for lenders? bona fide decisions
The ordinance to amend the Banking Regulation Act, 1949, to tackle the menace of massive stressed assets in the banking system proposes more specific
Read MoreHSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand
The government has raised tax demand of Rs 5,419 crore on individuals who had undisclosed offshore accounts with HSBC of which around Rs 337 crore has
Read MoreThe sharp FDI surge of last three years may slowdown: HSBC
Incremental foreign direct investment (FDI) may slowdown and may not keep pace of the last three years, a report by HSBC said. An analysis of leading
Read MoreModi government set to put lottery tickets in the 28% GST bracket
Indians who buy lottery tickets may have to shell out more to take a chance on fortune under the goods and services tax (GST), which is expected to be
Read MoreServices sector grows for 3rd month in April, headwinds remain
Services sector grew for the third straight month in April but the pace of growth moderated amid slower rise in new business and employment, a monthly
Read MoreRetail inflation seen at 5.5-6% in Q4 this year
Consumer inflation may see an uptick at 5.5-6 per cent in the fourth quarter of 2017 as a result of fading demonetisation impact, while rising exports
Read MoreAndhra Pradesh may opt for January-December fiscal year
Madhya Pradesh may have taken one jump ahead of the other states in switching over to the January-December fiscal year, but Andhra Pradesh too is prep
Read MoreSmaller players bank more on government?s Digital India push
Smaller and newer banks have taken the lead in pushing the government?s digital economy drive, rolling out a slew of innovative digital banking produc
Read MoreChina Caixin services PMI falls to lowest in nearly a year
Growth in China's services sector cooled to its slowest in almost a year in April as fears of slower economic growth dented business confidence, even
Read MoreCircular No.16/2017-Customs
Monitoring of export obligation fulfilment under EPCG and Advance Authorization Schemes
Read MoreNotification No. 15/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of Elastomeric Filament Yarn from China PR, South Korea, Taiwan and Vietnam for a period of five
Read MoreNotification No. 14/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Viscose Filament Yarn originating in or exported from China PR under notification No. 23/201
Read MoreNotification No. 34/2017
[Notification No. 34 /2017, F. No. 176/03/2016-ITA-I]
Read MoreNotification No. 33/2017
[Notification No. 33/2017/F.No. 196/15/2015-ITA-I]
Read MoreFast-moving goods move faster in March quarter
Consumer demand peaked in the March quarter, recording the highest sales growth in daily groceries, and home and personal products in the past two yea
Read MoreLM Wind Power likely set up third plant in India
Barely a year after it commissioned its second manufacturing facility, in Vadodara, Gujarat, LM Wind Power, which makes blades for windmills, says it
Read MoreIn Q4, 39% of $7.4-bn funds raised via Rs. bonds
In the fourth quarter of the last financial year, 39 per cent of overseas funds worth $7.39 billion was through rupee-denominated bonds (RDBs) or masa
Read MoreFed holds interest rates steady, dismisses first-quarter slump as ?transitory?
The Federal Reserve on Wednesday left a key borrowing rate unchanged and dismissed a weak first quarter as temporary, signaling it is still on track t
Read MoreMakeMyTrip to raise $330 mn via share sale to Ctrip and Naspers
Online travel firm MakeMyTrip on Tuesday said it will raise $330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and
Read MoreICICI Bank's stand-alone Q4 net profit up 189%
Private sector lending major ICICI Bank on Wednesday reported an exponential rise of 189 per cent in its stand-alone net profit for the fourth quarter
Read MoreOrdinance to tackle bad loans worth Rs 6 lakh crore cleared
The Union Cabinet, led by Prime Minister Narendra Modi, on Wednesday approved a new framework for dealing with Rs 6 lakh crore worth of non-performing
Read MoreEuro zone economy outperforms U.S. with robust start to year
The euro zone economy started the year with robust growth that outstripped that of the United States and set the stage for a strong 2017, preliminary
Read MoreVolkswagen Group profits soar after cost cuts
Volkswagen Group profits have soared in the first quarter as cost-cutting measures kick in, the German car giant has said. Volkswagen Group also sold
Read MoreWith surplus coal, now focus turns to quality, says Goyal
The governments next target is to supply superior quality of coal to power producers to improve electricity generation and reduce pollution, Union min
Read MoreGold remains weak on global cues; silver slumps below Rs 40k
Declining for the third straight session, gold prices tumbled Rs 200 to Rs 29,150 per 10 grams at the bullion market today on weak global cues and slu
Read MoreTo boost manufacturing, job creation, exports, DIPP seeks Rs 4,000 cr package for leather sector
The department of industrial policy and promotion (DIPP) has sought Rs 4,000 crore from the Union Budget for an incentive scheme for the leather and f
Read MoreAsia's FX Laggards Turn Leaders of the Pack as Ringgit Rebounds
Better late than never. The Philippine peso and Malaysian ringgit have clambered aboard the Asian currency rally, advancing against the dollar and spu
Read MoreMasala bond issuance on the rise: Icra
In the fourth quarter of the last financial year, 39 per cent of overseas funds worth $7.39 billion was through rupee-denominated bonds (RDBs) or masa
Read MoreUnion Bank raises Rs 500 crore to boost core capital
Public lender Union Bank has raised Rs 500 crore by issuing Basel III compliant bonds, a step that will add to its core tier-I capital. Union Bank sai
Read MoreTransaction value for wallets, PPIs pips that of UPI in April
The value of transactions made through mobile wallets and other prepaid payment instruments (PPIs) overtook those made via the Unified Payments Interf
Read MoreIOC plans capex of Rs 2k cr, to commission 1,000-km pipelines in FY18
State-run Indian Oil Corporation plans capital expenditure (capex) of Rs 2,000 crore and commission around 1,000 km of pipelines in the current financ
Read MoreHonda overtakes Bajaj as No.2 bike maker in India, moves closer to Hero
Honda Motorcycle and Scooter India Ltd has upstaged Bajaj Auto Ltd to become the second largest motorcycle company in April, placing it within strikin
Read MoreApple eyeing to tap India?s huge potential, says Tim Cook
Bullish on India, Apple CEO Tim Cook has said that the US tech giant was bolstering its presence in India?s ?underpenetrated? market to tap the huge g
Read MoreGDP to grow 7.4% in FY18; GST, bankruptcy law big positives: ADB
The Indian economy will grow 7.4 per cent this fiscal and 7.6 per cent in the next as the bankruptcy and goods and services tax (GST) laws will help c
Read MoreRailways set to get big booster shot, Narendra Modi government to start work on $5 bn rail fund within weeks
After scaling up railway capex substantially over the last couple of years via extra budgetary resources, the Modi government will begin the process f
Read MoreOla raises $104M from Falcon Edge and Ratan Tata fund
According to several media reports and Ola?s current RoC filing, the Bengaluru-based cab aggregator has raised $104 million funding led by Falcon Edge
Read MoreIncome-tax (9th Amendment) Rules, 2017 - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg
Publish Date : Tuesday, May 2, 2017
Goods and Services Tax (GST)
Goods and Services Tax (GST)
Read MoreCommissionerate of Central Excise, Customs and Service Tax, Silvassa, Gujarat
Commissionerate of Central Excise, Customs and Service Tax, Silvassa, Gujarat
Read MoreVolkswagen?s Q1 profit up 44 percent as sales mix improves
German automaker Volkswagen saw its first-quarter profit jump 44 percent as the company continued to work past its scandal over diesel cars rigged to
Read MoreTrump travel ban has hurt business, says top Dubai hotelier
President Donald Trump's travel ban and the "drastic changes" his administration has introduced in his first four months as president has hurt busines
Read MoreApple posts surprise dip in iPhone sales, shares fall
Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in antici
Read MoreEuropean stocks struggle, dollar gains ahead of Fed decision
European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in the US
Read MoreHere?s how India Post Payments Bank aims to extend its banking facilities to remotest corner of India
To make banking services simple and affordable for Indians across the nation where they can get seamless access to the government benefits directly fr
Read MoreGST bill passed in Uttarakhand Assembly
The Goods and Services Tax Bill was unanimously passed by the Uttarakhand Assembly today, the concluding day of the special two-day session convened f
Read MoreGovernment to award contracts for 55,000 km of highways in 2 years: Nitin Gadkari
The government has decided to award contracts for building 25,000 km of highways in the current fiscal and 30,000 km in the next to augment the road i
Read MoreSoon, a model tender to bid for Digital India projects
The government will soon standardise procurement process for projects related to its marquee Digital India initiative by creating Model RFP (request f
Read MoreRBI to hold key rate next month; cut 25 bps in August: BofAML
The Reserve Bank is expected to hold the key rate at its monetary policy review next month but may opt for a 25 bps cut in August, says a Bank of Amer
Read MoreChina?s $11 Trillion Economy and Markets Are in a Tug of War
China?s run of solid economic indicators proved little consolation for its shaky financial markets in April. The dichotomy stems from a shift in the l
Read MoreIron ore futures are roaring ahead
Iron ore prices have stabilised over the past week, but if futures markets are anything to go by prices are set to rise againThe fall in the price has
Read MoreFruit exports rise 18.5% on good summer harvest
A good harvest of summer fruits like mangoes, grapes, oranges, pomegranates and watermelons has pushed up the country's fresh fruit exports by 18.5% i
Read MoreFrom a sip to a gulp! April SIP inflows hit all-time high at Rs 4,200 crore
Systematic investment plans (SIPs) in mutual funds, where investors put in small sums of money every month over a period of time, have caught the fanc
Read MorePhased manufacturing programme may boost mobile handset manufacturing to $500 billion: Government
The government expects India?s handset manufacturing industry to grow to $500 billion (Rs 32,50,000 crore) in five to seven years, boosted by the phas
Read MoreBharat Financial Inclusion : POSTS Rs235-CRORE LOSS FOR Q4
The micro lender Bharat Financial Inclusion Limited has recorded a net loss of Rs234.92 crore in the fourth quarter ended 31 Mar 2017 against a net pr
Read MoreFed set to leave interest rates unchanged, may hint at June hike
The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it i
Read MorePepsiCo India aims to reduce sugar in fizzy drinks
PepsiCo India is planning to reduce the sugar content in all its carbonated drinks in line with its parent?s churning of its beverages portfolio world
Read MoreIndia to clock 7.1% GDP this year and 7.5% in 2018: UN
India is expected to clock 7.1 per cent growth this year before edging up to 7.5 per cent in 2018, according to a UN report, which warned that the cou
Read MoreGreece reaches deal with creditors on bailout reforms after months of talks
Greek government officials said on Tuesday they have reached an agreement with its creditors on the terms to restart bailout loan payouts, following m
Read MoreSAIL plans to double steel exports to 1.6 mt in FY18
Buoyed by a three-fold rise in exports in 2016-17 over the previous fiscal year, state-run Steel Authority of India (SAIL) is hoping to more than doub
Read MoreIndia cuts oil import plans from Iran by a quarter over gas field row
India plans to order about a quarter less Iranian crude oil than it bought last year, people familiar with the matter said, as state refiners cut term
Read MoreLenders sell Rs 2.44 lakh crore NPAs to ARCs so far
Lenders have managed to sell non?performing asset (NPAs) to the tune of Rs 2.44 lakh crore to asset reconstruction companies (ARCs) in 14 years up to
Read MoreGovernment bonds drop, call rates turns higher
Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while the overnight call money turned higher due to good demand from
Read MoreFPIs buy $7.5-billion Indian bonds in 2017 so far
Foreign portfolio investors (FPIs) have bought Indian debt for the third straight month in 2017, taking the total net investment to about $7.5 billion
Read MoreIndian Startup funding Drops by heavy margin
According to a report provided by VCCircle, has today released its Startup Deal Report Q1 CY2017. According to startup deal report, the Indian startup
Read MoreAmazon to add 14 new warehouses, plans to double storage capacity in India
Online marketplace Amazon said on Tuesday that it plans to double its storage capacity in India this year and will open at least 14 new warehouses acr
Read MoreTata Steel UK completes sale of speciality steel business
Tata Steel UK today announced that it has completed sale of its speciality steel business to Liberty House Group for 100 million pound. The struggling
Read MoreFactory output improves for fourth straight month in April, says PMI
Factory activities continued to see an improvement, maintaining growth in April on the back of robust new orders even as the rate of growth remained u
Read MoreMadhya Pradesh Becomes First Indian State To Shift To January-December Fiscal Format
Madhya Pradesh on Tuesday became the first state in India to announce shifting of its financial year format to January-December from the present April
Read MoreSoftBank looks to invest around $1.4 billion in Paytm
Japan?s SoftBank Group is in talks with One97 Communications to invest around $1.4 billion in its mobile payments company, Paytm, sources aware of the
Read MoreNotification No. 33/2017[F.No. 196/15/2015-ITA-I
Publish Date : Friday, April 28, 2017
Notification No. 34 /2017 [F. No. 176/03
Publish Date : Friday, April 28, 2017
Greece, lenders reach long-awaited deal on bailout reforms
Greece and its foreign creditors reached a deal early on Tuesday on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos sa
Read MoreUK manufacturing growth at three-year high, survey suggests
The Markit/CIPS UK manufacturing Purchasing Managers' Index (PMI) rose to 57.3 from 54.2 in March, well above economists' expectations.A reading above
Read More'RBI, commercial banks spend Rs 21,000 crore on currency management'
In an interview to Business Today's Dipak Mondal, NITI Aayog CEO Amitabh Kant said that the RBI and other commercial banks spend Rs 21,000 crore every
Read MoreGovt eyes Rs 10,000 crore: Two PSU insurers closer to listing; bankers selected
Getting closer to listing their shares on the stock exchanges, two of India?s leading public sector insurance companies have selected merchant bankers
Read MoreGold near three-week lows on surging stocks, dollar strength
Gold on Tuesday held near three-week lows hit in the previous session on diminishing demand for safe-haven bullion as Asian equities rallied and the U
Read MoreSebi sets up panel on strengthening cyber security
Regulator Sebi has set-up a high-level panel on cyber security to suggest measures to safeguard the capital markets from such attacks. The four-member
Read MoreActis to invest $500 million in green energy platform Solenergi
Private equity fund Actis LLP plans to invest around $500 million in its second green energy platform in India, Solenergi Power Pvt. Ltd, two people a
Read MoreAsian factories get off to solid start in second quarter
Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which a
Read MoreCoal India's production declines, sales grow in April
Coal India on Tuesday said its production during April declined by 4.8 per cent to 38.44 million tonnes (mt) as compared to 40.09 mt produced in the y
Read MoreRupee strengthens against US dollar on Asian cues
The Indian rupee on Tuesday strengthened marginally against the US dollar, ahead of the outcome of two day US federal reserve meeting.At 2pm, the rupe
Read MoreChina central bank injects $73.4 bn of liquidity in April, 18 per cent less than March
China's central bank injected 506.39 billion yuan ($73.43 billion) into the financial system via short- and medium-term liquidity tools in April, down
Read MoreGerman manufacturing growth near six-year high in April: PMI
German manufacturing activity held near a six-year high at the start of the second quarter, a survey showed on Tuesday, suggesting factories will cont
Read MoreXander Group agrees to acquire Shriram's Gateway SEZ for $190 million
In the largest private equity buyout so far in India?s real estate sector, Xander Group has agreed to acquire 100 per cent interest in Shriram?s Gatew
Read MoreWhy eBay buyout & Flipkart's likely acquisition of Snapdeal are grim news for sellers
Jaipur-based Aaviriti Jain, an online seller of jewellery, fondly recalls her stint as a seller on fashion portal Exclusively. in. She had her own spa
Read MoreBrazilian company WEG to set up wind turbine manufacturing facility in India
WEG, a Brazilian company, has announced the launch of a wind turbine plant in India. The manufacturing facility will come up at Hosur, Tamil Nadu, whe
Read MoreSun shines on $300-billion global fund for clean energy
The International Solar Alliance, launched by Prime Minister Narendra Modi and French President Francoise Hollande in November 2015, will channel $300
Read MoreIndia Inc lines up Rs 15,000-cr fundraising plans
India Inc has lined up plans to raise funds worth about Rs 15,000 crore over the next four to six weeks. Buoyancy in the market, with the benchmark
Read MoreGet set for early Union Budget: The next may be presented in January 2018
The Union government is taking preparatory steps to switch over to a new financial year cycle that will start from January and end in December. At pre
Read MoreOil prices flat as OPEC cuts balance higher output elsewhere
Oil prices steadied on Tuesday as rising production in several countries balanced expectations that major exporters would extend output cuts into the
Read MoreSony sees highest profit since 1998 as turnaround takes root
Sony Corp.?s recovery is nearly complete, with the electronics maker targeting its highest annual operating profit in two decades.Continued dominance
Read MoreU.S. Manufacturing Expanded Less Than Forecast in April
America?s factories expanded less than forecast in April as measures of orders and employment pulled back, Institute for Supply Management data showed
Read MorePunjab National Bank revises down MCLR by 0.10-0.15%
Public lender Punjab National Bank has revised down marginal cost based lending rates by 0.10- 0.15 per cent for various maturities effective today.Th
Read MoreDabur India Q4 net profit flat at Rs 333 crore YoY, total income down 4%
FMCG major Dabur IndiaBSE -0.54 % on Monday reported a small 0.49 per cent rise in net profit at Rs 333.11 crore for the quarter ended March 31, 2017
Read MoreSmartphone shipments grow 4.3% to 347.4 mn in January-March: IDC
Over 347 million smartphones were shipped in the first quarter of 2017, higher by 4.3 per cent from the same period last year, research firm IDC said.
Read MoreSeveral companies to see fall in January-March other income
Several companies are likely to see a fall in their other income during the January-March quarter as the timeframe to adjust their balance sheets with
Read MoreCore industries grow by 5% in March, fastest in 3 months
Eight core industries grew by 5 per cent in March, the fastest in three months, on the back of higher coal and steel production.The growth rate of eig
Read MoreIndian Railways capex jumps 19% to Rs 1.2 lakh cr; big thumbs up for Narendra Modi policy direction
Coming as it does on top of a steep and unprecedented 59% surge in capex in the previous year, the transporter has indeed helped the economy?s investm
Read MoreTax liability of businesses will be same or reduce under GST
The goods and services tax (GST) will reduce compliance burden of taxpayers, rather than increase it, revenue secretary Hasmukh Adhia said on Monday.
Read MoreIn April, auto companies put pedal to metal; Maruti Suzuki logs best-ever volume growth
Automobile companies started the new fiscal year with bumper sales in April with most of them registering year-on-year double-digit growth in sales of
Read MoreCircular No. 1055/04/2017-CX
Clarification regarding posting of Central Excise officer in Cigarette units
Read MoreTimeline of Real Estate (Regulation and Development) Act 2016 and how it will affect you
RERA or The Real Estate (Regulation Development) Act, 2016 has come into effect from today. The Act would regulate the real estate sector that involve
Read MoreUS budget: Funding deal reached to avert shutdown
The bipartisan deal boosts military spending but does not include funding for President Donald Trump's proposed wall on the Mexico border.The reported
Read MoreAirtel eyeing on consolidation to sail in African markets
Bharti Airtel is believed to have identified six non-profitable African markets for consolidation to reduce losses and clear headroom for the Sunil Mi
Read MoreMaruti Suzuki sales up 23.4% in April
The country's largest car maker Maruti SuzukiBSE 2.42 % on Monday reported 23.4% increase in domestic sales at 144492 units for April. The company had
Read MoreWhat led to the SoftBank-Snapdeal fallout
In 2014, Masayoshi Son, Soft Bank's maverick billion aire founder tasked Nikesh Arora, a hotshot Google executive, who was about to join the Japanese
Read MoreToyota Kirloskar sales surge 48% to 14,057 units in April
Toyota Kirloskar Motor (TKM) today reported a 47.85 per cent jump in total sales at 14,057 units in April, driven by its newly launched SUV Fortuner.
Read MoreDear Uber, Didi is coming for you with record funding
Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies? chief executive officer Travis Kalanick one more
Read MoreAccounts sans FATCA certification to be blocked from Monday
Accounts of those individuals and entities who have not provided self-certification by April 30 will be blocked by the government from Monday, it has
Read MoreGlobal economy: A world turned inside out
Slowly but surely, a bruised and battered global economy now appears to be shaking off its deep post-crisis malaise. If the International Monetary Fun
Read MoreHigh growth, fiscal gains can improve India?s debt to GDP
India is likely to witness sustained improvement in debt to GDP ratio over the medium term, driven by high economic growth rate and modest fiscal cons
Read MorePetrol prices to change every day in 5 cities; most expensive in Vizag on first day at Rs 72.68, cheapest in Puducherry at Rs 66.02
State-owned oil retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have launched a pilot to rev
Read MoreGovernment's industrial estates equal to 3 Delhis
A first of its kind initiative by the government to map industrial estates, parks and coastal and special economic zones (SEZs) has revealed that 1,85
Read MoreChina is biggest exporter of solar equipment to India with 87 per cent market share
India?s import of solar cells and modules is more than 35 times its export, says a recent study by Mercom Capital Group which tracks the clean energy
Read MoreTelecom subscriber base in India grows to 1.18 billion in February: Trai
India's telecom subscriber base, mobile and landline combined, touched the 1.18 billion mark at the end of February 2017, growing 1.17 per cent over t
Read MoreNPS Funds are Hot with Double-Digit Returns
The euphoria on Dalal Street has given a boost to the retirement savings of millions of Indians. All NPS funds have earned double-digit returns in the
Read MoreCliantha Research acquires US firm
Cliantha Research has acquired US-based Inflamax Research, a deal that will enable the Ahmedabad-based company to conduct Phase I, II, III and IV rese
Read MoreFPI net inflow at $3.5 billion in April
Foreign investors poured in a whopping USD 3.5 billion in the Indian capital markets in April as Sebi raised investment limit for FPIs in government d
Read MoreTaking the right route to cross-border mergers
In a significant move, the Indian Government opened the doors to cross-border mergers by notifying section 234 of the Companies Act, 2013 and related
Read More'India to see $35-40 billion worth impact investments by 2025'
India is projected to see impact investments worth up to $40 billion by 2025 as the country is in a "sweet spot" with high potential to deliver soluti
Read MoreMay Promises No Increase in VAT, Hints at Other Tax Rises
U.K. Prime Minister Theresa May pledged there will be no increase in Value Added Tax after the June 8 general election, but suggested she will ditch h
Read MoreSBI cuts term deposit rates up to 50 bps
State Bank of India (SBI) has cut its interest rates on medium- and long-term deposits of individuals by up to 50 basis points (bps). These will apply
Read MoreSEBI finalises norms for listing of green bonds
Securities and Exchange Board of India has finalised norms for issuance and listing of green bonds, which will help in raising funds from capital mark
Read MoreGrowing economy, GST promise much for the sector
With the introduction of the Goods and Services Tax (GST) round the corner and Real Estate Investment Trusts (REITs) likely to be a reality soon, the
Read MoreYield upgrade: Indian Oil Corporation to invest Rs 10,000 cr in Haldia refinery
Indian Oil Corporation (IOC) will invest Rs 10,000 crore over a period of 4 years to make Bharat Stage VI or Euro-6 standard fuel in its Haldia refine
Read MoreMutual funds? AUMs surge by Rs 4.7 lakh cr in Jan-Mar; ICICI Prudential AMC?s Nimesh Shah says ?witnessing meaningful shift of retail investors to financial assets
Indian mutual funds saw their average assets under management at Rs 18.29 lakh crore in the January-March quarter of 2017, a surge of Rs 4.76 lakh cro
Read MoreDespite rebound in steel prices, SAIL may well stay in red for 8th consecutive quarter
A rebound in the prices of steel notwithstanding, state-run steelmaker Steel Authority of India (SAIL) might remain in the red in 2017-18, a parliamen
Read MoreChina April manufacturing growth slows faster than expected
Growth in China's manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled a
Read MoreInsurance regulator asks LIC to trim holdings in cos to 15% or below
Insurance regulator IRDAI has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches t
Read MoreGovt to soon make Aadhaar compulsory for regulatory filings under Companies Act
The government will soon make quoting of Aadhaar number compulsory for key managerial personnel and directors in regulatory filings under the Companie
Read MoreReal Estate Act comes into effect today, only 13 states notify rules
The much-awaited Real Estate Act comes into force from Monday with a promise of protecting the right of consumers and ushering in transparency but onl
Read MoreSeason off to a slow start as sales growth subdued
Earnings season hasn?t really thrown up any big surprises so far and neither are there any clear indications, there?s turnaround coming soon. The effe
Read MoreSamsung regains top spot in Q1 smartphone market
South Korean giant Samsung Electronics regained the top status in the global smartphone market in the first quarter of the year, even before the relea
Read MoreFederal Bank aims 3.25 percent net interest margin, growth across segments
Federal Bank (FED.NS), a mid-sized private sector lender, is targeting a net interest margin of 3.25 percent in the fiscal year that began in April by
Read MorePaytm parent One97 set to raise over $1.8 billion from SoftBank
One97 Communications, owner of electronics payments provider Paytm, is set to raise more than 120 billion rupees ($1.87 billion) from Japan's SoftBank
Read MoreGold on track for biggest weekly decline in seven weeks
Gold was little changed on Friday but poised for the biggest weekly fall in seven weeks as investors sought out riskier assets, dampening demand for g
Read MoreIndia can lead globally by improving manufacturing: Arun Jaitley
At a time of protectionist trends in the developed world, India can become the leading proponent of globalisation if it improves on its manufacturing,
Read MoreEurozone inflation picks up to 1.9%
Initial estimates from Eurostat showed inflation in the bloc hit 1.9%. That was up from 1.5% in March, but just below February's four-year high of 2%.
Read MoreUK economy grows by 0.3% as service sector slows
The Office for National Statistics said that the slower pace in the January-to-March period was due mainly to the service sector, which sank to 0.3% g
Read MoreEquities slip after weak U.S. GDP; euro strengthens
World stock markets dipped on Friday, as U.S. equities retreated after a soft reading on first-quarter economic growth, while the euro strengthened as
Read MoreGST rollout: Commerce ministry to modify certain portions of FTP
The commerce ministry will modify certain portions of the foreign trade policy (FTP) to align it with the Goods and Services tax, which is to be rolle
Read MoreExports may touch $325 billion in 2017-18: PHD Chamber
India's exports are expected to touch $325 billion in 2017-18 on account of rising competitiveness of Indian products and revival in global demand con
Read MoreYou need to file your FATCA compliance to banks by April 30 to avoid an account freeze
Have you got your account FATCA (foreign account tax compliance act) compliant? If you haven't then Monday could be a problem for you. Mutual fund inv
Read MoreBank lending to euro households rose fastest since crisis in March
Growth in bank loans to euro zone households set a fresh post-crisis record in March, while lending to companies and the supply of money also rose mor
Read MoreBond yields up, call rate dips
Government bonds (G-Secs) slipped on selling pressure from banks and corporates. The 6.97 per cent 10-year benchmark bond maturing in 2026 weakened to
Read MoreIntel?s quarterly profit jumps 45%
Intel Corp, the world?s largest chipmaker, reported a near 45 per cent rise in first-quarter profit, helped by strength in its data centre business an
Read MoreSmartphone shipments to India up 15% in March quarter
Smartphone shipments in India grew 15 per cent to 29 million units in March quarter compared to the year-ago period, with top five brands capturing al
Read MoreUPL net profit jumps over three-fold at Rs 741.59 cr in Q4
Agro-chemical major UPL Ltd on Friday reported an over three-fold jump in consolidated net profit at Rs 741.59 crore for the fourth quarter ended Marc
Read MoreSebi tightens mutual fund remuneration disclosure norms
With an aim to bring in greater transparency in dealings of mutual funds (MFs), markets regulator Sebi today asked MF houses to disclose to investors
Read MoreForex reserves shy of record high at $371.14 bn
Foreign exchange reserves were just short of a lifetime high after rising by $1.250 billion to $371.14 billion for the week to April 21, helped by an
Read MoreCredit to industry shrinks 1.9% in Mar 17
Reflecting a slowdown in the manufacturing sector, bank credit to industry ? large, medium and small ? shrunk by 1.9 per cent in FY17 against 2.7 per
Read MoreGold shines brighter on Akshaya Tritiya, demand surges 30%
Jewellers called Akshaya Tritiya on Friday to be the best they have had since 2013, with demand rising 30 per cent as compared to last year in volume
Read MoreIndia in advanced stages of formulating defence manufacturing policy: Arun Jaitley
India is in the advanced stages of formulating a policy to encourage domestic defence manufacturing and cut import of combat planes, ships and submari
Read MoreIndia, Cyprus ink four pacts, including one for air services
Prime Minister Narendra Modi and Cyprus President Nicos Anastasiades on Friday held detailed discussion on bilateral and regional issues and agreed on
Read MoreEuro zone inflation near 4-year high, adds to pressure on ECB
Euro zone inflation jumped to 1.9 percent in April from 1.5 percent in March driven by energy prices, flash data showed Friday. Inflation is now at it
Read MoreU.S. economy expands at slowest pace in three years
The U.S. economy expanded during the first quarter at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down con
Read MoreCLOUD PRODUCES SUNNY EARNINGS AT AMAZON, MICROSOFT AND ALPHABET
The fear, nevertheless, is that this can?t final perpetually, not with Microsoft and Google making massive investments in their very own cloud compani
Read MoreOil settles slightly higher but posts weekly decline
Oil prices closed up on Friday on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude pr
Read MoreIndia sees highest listed foreign funds inflows at USD 1.7 bn
Listed foreign funds pumped in USD 1.7 billion into India during March -- the highest flows among the emerging countries, says a report.As per foreign
Read MoreSebi to take steps to deepen bond market, improve corp governance bonds
Market regulator Sebi plans to take a slew of steps in the coming months to further deepen bond market, improve corporate governance and ease procedur
Read MoreARCs must have minimum net corpus of Rs 100 crore by 2019: RBI
The Reserve Bank today said all the existing Asset Reconstruction Companies (ARCs) must have a minimum net-owned corpus of Rs 100 crore by March 2019.
Read MoreIndia, Hungary help Suzuki Motor Corp clock best ever overseas production
Japanese small car major Suzuki Motor Corp achieved its best ever overseas production in the year ended March 31, 2017, driven by India and Hungary. O
Read MoreJeff Bezos hints at more investments, says Amazon fastest online marketplace in India
Amazon founder and CEO Jeff Bezos on Thursday claimed that the Seattle-based e-commerce giant has become the market leader in India?s $15 billion onli
Read MoreHC hangs up on RBI protest, lets Tatas pay Docomo $1.18b
The Delhi High Court allowed Tata Sons to pay NTT Docomo a $1.18 billion arbitration award upon termination of their telecom joint venture, likely end
Read MoreNotification No.42/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No.41/2017 Customs (N.T.)
Regarding amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIR of duty drawback with respect to Guar and its product
Read MoreNotification No.RBI/2016-17/297
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/296
Guidelines on Merchant Acquisition for Card Transactions
Read MoreNotification No.RBI/2016-17/295
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) - Requirement of Net Owned Fun
Read MoreNotification No.RBI/2016-17/294
Risk Management Systems ? Role of the Chief Risk Officer (CRO)
Read MoreNotification No.RBI/2016-17/293
Exim Bank's Government of India supported Line of Credit of USD 52.30 million to the Government of the Republic of Mauritius
Read MoreNotification No.RBI/2016-17/292
Formation of a new district in the State of Haryana - Assignment of Lead Bank Responsibility
Read MoreCentre okays 8.65% interest on EPF for FY17
The government has approved 8.65 per cent interest on EPF deposits for 2016-17 which would be credited into the accounts of members of the retirement
Read MorePE investments fall to 33-month low at $2.1 billion
Private equity investments in the first quarter of this year fell to nearly 3-year low of $2.1 billion in the absence of big ticket deals, says a repo
Read MoreBarclays Q1 profit doubles, misses bond trading boom
Barclays reported its first quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings su
Read MoreChina's ride-hailing giant Didi raises $5.5 billion, valuing it at $50 billion
Chinese ride-hailing giant Didi Chuxing, the company that bought Uber's China business last year, has closed a $5.5 billion funding round, valuing the
Read MoreGoogle parent Alphabet?s profit up 29% on strong ad sales
Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rat
Read MoreKotak Mahindra to buy Old Mutual?s India insurance JV stake for Rs1,292 cr
Kotak Mahindra Bank Ltd on Friday announced it will buy out the entire 26% stake of its joint venture partner Old Mutual Plc., UK, in Kotak Mahindra O
Read MoreTata Sons-NTT Docomo case: Delhi HC clears $1.17 bn arbitral award
The Delhi high court on Friday cleared the way for enforcement of the $1.17 billion arbitral award between Tata Sons and NTT Docomo.Accordingly, Tata
Read MoreBRICS bank grants $300 mn loan to Brazil?s renewable sector
The New Development Bank, jointly founded by the BRICS countries, and the Brazilian Development Bank have decided to give a loan of $ 300 million to d
Read MoreSingapore's automation incentives draw tech firms, boost economy
Foreign precision engineering firms are investing more in Singapore, drawn by strong semiconductor demand and government incentives aimed at re-toolin
Read MoreJapan's March core inflation, manufacturing miss forecasts, keep pressure on BOJ
Japan's core consumer prices rose at a slower than expected pace in March and household spending fell more than expected in a worrying sign for the ce
Read MoreEconomy continues to improve and risks are diminishing: European Central Bank
The euro zone?s economy continues to improve and faces fewer dangers, European Central Bank President Mario Draghi said on Thursday, signalling a cont
Read MoreCommodity derivative options to spur farmer participation
The Securities and Exchange Board of India?s (Sebi) decision to allow options trading in commodity derivatives comes as a shot in the arm for farmers,
Read MoreNiti Aayog unveils 3-year plan for power and energy
Government think tank NITI Aayog, in its report titled ?Three Years Action Plan?, has endorsed doing away with corporate tax exemptions in the next th
Read MoreGST to push Indian growth to over 8%: IMF
The ambitious Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight per cent, the Internatio
Read MoreRs 11,000-cr Eastern Peripheral Expressway to complete in August: Nitin Gadkari
India's first smart and green highway -- Eastern Peripheral Expressway -- for decongesting Delhi will be completed in August this year, Union Minister
Read MoreStrong India-China partnership key for global growth: IMF
A strong partnership between India and China, which are currently responsible for half of the global growth, is important for the world, the IMF has s
Read MoreAgeing oilfields drag down crude output
India?s crude oil production fell for the fifth straight year in 2016-17 as output continued to slide at ageing oilfields. Output fell 2.5% from the p
Read MoreBandhan Bank reports FY17 profit at Rs1,111.95 crore
Bandhan Bank on Thursday reported a net profit of Rs1,111.95 crore for the financial year that ended on 31 March. A comparable year-ago figure wasn?t
Read MoreBond yields rise, call money rates stay steady
Government bonds (G-Secs) declined on selling pressure from banks and corporates. While, interbank call money rates remained steady as demand from bor
Read MoreTVS Motor plans Rs.500-cr capex, Q4 net down 7%
TVS Motor Company has chalked out a capex of about Rs.500 crore for the current fiscal.?The capex will be spent across our three manufacturing locatio
Read MoreWait time for patent examination to be cut to 18 months by March 2018
In a major relief from the long wait for getting patents examined, the government is confident of reducing the time taken for examining patents to 18
Read MoreGEMS, JEWELLERY EXPORTS UP BY 12.32% IN FY?17
The gems and jewellery exports increased by 12.32 per cent to Rs2.89 lakh crore during 2016-17, compared to the previous year, and are expected to see
Read MoreMargin contraction likely at steel firms in Jan-March quarter
Higher input cost amid weak realisation is expected to keep the performance of steel companies muted in the March quarter, brokerages said.With the do
Read MoreMotilal Oswal Q4 profit jumps 113% to Rs 90 cr
Financial services company Motilal Oswal reported a 113 per cent increase in profit after tax (PAT) year-on-year (y-o-y) for quarter ending in March 2
Read MoreSamsung posts best quarterly profit since Sep'13 at $8.7 bn
Samsung Electronics on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid first-quarter profit b
Read MoreIndian real estate sector to witness $7 billion investment in 2017: CBRE
Indian real estate is expected to witness an investment of $7 billion this year on likely revival in the sector, according to property consultant CBRE
Read MoreKorea's Kia Motors to pump in $1.1 bn for India ride
Korean small carmaker Kia Motors has finally announced it will be entering the Indian car market, with an investment of $1.1 billion (about Rs 7,000 c
Read MoreJ.P. Morgan reduces U.S. Q1 GDP growth view to 0.3 percent
J.P. Morgan on Thursday pared its estimate on U.S. economic growth to a 0.3 percent annualized rate in the first quarter from a 0.4 percent pace follo
Read MoreDeutsche Bank lags rivals in bond trading but doubles profits
Deutsche Bank has added its name to the list of investment banks to enjoy a double-digit bounce in fixed income revenues this year - going some way to
Read MoreRupee's top forecaster sees rally stalling as fund inflows take a hit
It?s only April and the rupee has already run its course for the year, according to the most-accurate forecaster for the Indian currency. The rupee, w
Read MoreMaruti March quarter profit rises 16%
Maruti Suzuki on Thursday reported a net profit of Rs 1,709 crore for the three months to March, posting a 15.8% year-on-year increase. The rise in pr
Read MoreGold off 2-week lows on Donald Trump tax reform doubts; BOJ, ECB awaited
Gold on Thursday edged away from two-week lows hit in the previous session on scepticism over President Trump?s proposed U.S. tax reform, with markets
Read MoreWorld equities market cap tops $50 trillion for first time ever riding on global shares rally
As the stock markets rally around the world, earlier this week, the market capitalisation of listed companies across the globe, as tracked by a benchm
Read MoreStep up in government expenditure likely over next 2 yrs: Deutsche
Government expenditure is likely to accelerate over the next two years and the Indian equity markets are expected to outperform its emerging market pe
Read MoreGerman consumer morale rebounds more than expected heading into May
The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confide
Read MoreChina March industrial profits soar 23.8 percent on building boom but pace slowing
Profits earned by China's industrial firms rose 23.8 percent in March from a year earlier, buoyed by a continued construction boom, though the pace of
Read MoreNo action from ECB, but may hint at June move
The European Central Bank is set to keep its ultra-easy policy stance firmly in place on Thursday but may acknowledge better growth prospects, setting
Read MoreStrong Singapore March factory output points to Q1 GDP revision
Singapore?s industrial production rose faster than expected in March from a year earlier, thanks to a continued surge in the electronics sector, data
Read MoreGovernment extends service tax return filing date to April 30
Centre has extended the last date for filing service tax return by five days to April 30, in a relief to lakhs of service providers. ?The CBEC hereby
Read MoreAsia Pacific?s energy, mining, utilities M&A jumps 3-fold in Q1
Asia Pacific?s energy, mining and utilities (EMU) sector focused merger and acquisition jumped three fold in the first quarter this year, with Austral
Read MoreSurge in FPI inflows into debt unlikely to sustain: Icra
The ongoing surge in foreign inflows into the debt market is unlikely to continue during the rest of fiscal 2018 due to geopolitical tension and the s
Read MoreCyprus keen on boosting bilateral trade: Nicos Anastasiades
Within weeks of India taking Cyprus off its tax blacklist with retrospective effect from November 2013, President Nicos Anastasiades of the island nat
Read MoreUK should make India a trade priority post-Brexit
Britain can make up for any export loss post-Brexit by building on under-developed links with countries like India and making it a priority in its tra
Read MoreNew businesses get off to a quick start
Half a day for reserving the firm?s name, and a third for incorporating it ? India?s push toward enhancing the ?ease of doing business? is showing qui
Read MoreRetail loans soar 17.7 per cent in 2016, NPAs also move up
Retail loans grew at a healthy 17.7 per cent in 2016, but there was an increase in dud loans in the segment which has become a focus area for the lend
Read MoreOnly 34% service taxpayers move to GST Network, CBEC ups outreach
The revenue department is stepping up its outreach programme, asking taxpayers to register with the GST Network by this month-end as only 34 per cent
Read MoreP&G profit falls on strong dollar, slow consumer spending
Procter & Gamble Co (PG.N), maker of Tide detergent and Gillette razors, reported an 8.3 percent fall in third-quarter profit hurt by a strong dollar
Read MorePE/VC deal value up by 52%, volume up by 31% in March
During the month of March, private equity and venture capital (PE/VC) deal value rose by 52 per cent, and 31 per cent by volume, over March 2016.PE/VC
Read MorePrivate equity firms exit $18 bn in two years
Lack of exits and poor returns have been the biggest bane of private equity (PE) firms in India. While returns remain an issue, PE funds in India have
Read MoreSterlite Technologies to invest Rs 1,200 cr in new optical fibre plant
Sterlite Technologies Limited will be setting up a new greenfield plant to expand optical fibre capacity to 50 million fibre km riding on the back of
Read MoreTrump weighs steep cuts to corporate tax rates
US President Donald Trump on Wednesday planned to propose steep cuts in corporate taxes and repatriated offshore corporate profits as the administrati
Read MoreOil prices rebound after big draw in U.S. crude inventories
Oil prices rebounded from early losses on Wednesday after U.S. government data showed a larger-than-expected falloff in crude inventories, which encou
Read MoreNBFCs eligible for QIB status; unified licence for brokers
The Securities and Exchange Board of India (Sebi) on Wednesday allowed systemically important non-banking financial companies (NBFCs) to be categorise
Read MoreSebi allows investors to buy mutual funds via e-wallets
Investors will be permitted to purchase mutual funds worth up to Rs 50,000 through digital wallets, the market regulator, Sebi said in a release. "Inv
Read MoreRBI issues new draft rules for M&As
The Reserve Bank of India (RBI) on Wednesday proposed a fresh set of regulations regarding mergers and acquisitions (M&A) which seek reporting of such
Read MoreE-commerce major Flipkart set to take fight to Amazon overseas ? via eBay
Flipkart?s acquisition of eBay India has become a launch pad for it to gain access into attractive export markets and the company is gearing up to tap
Read MoreApollo Tyres forays into TBR segment in Europe
Apollo Tyres has forayed into Truck and Bus Radial (TBR) tyre segment in Europe, and launched new range at the ongoing Commercial Vehicle Show in Birm
Read MoreKia Motors, AP govt to sign MoU for $2-bn facility
Seoul-based Kia Motors Corporation will be signing a memorandum of understanding (MoU) with the Andhra Pradesh government on Thursday for setting up a
Read MoreRELIANCE PLANS MORE WRITE-OFFS ON US SHALE GAS ASSETS
Reliance Industries (RIL), which invested $600 million more equity in US shale gas operations in the quarter ended March 31, has said it will have to
Read MoreCBDT clears the air on rental incomes from industrial parks, SEZs
The Central Board of Direct Taxes (CBDT) has made it clear that income from letting out buildings /developed space along with other amenities in an in
Read MoreAxis Bank Q4 net drops 43% as loan-loss provisioning jumps
Axis Bank reported a 43 per cent decline in net profit in the fourth quarter due to sharp jump in provisions, including for loan losses and investment
Read MoreHow strong rupee could play spoilsport for reviving exports
The rupee?s march towards a 20-month high against the dollar on Wednesday has cast a shadow over the sustenance of a recent rebound in export growth t
Read MoreTo boost farmers? ability to hedge risk, Sebi gives nod to options trading
The Securities and Exchange Board of India (Sebi) on Wednesday approved a proposal to allow options trading in commodity derivatives, which could pote
Read MoreSensex crosses 30,000 mark, Nifty ends at record 9,351.85
It was a third consecutive day of gains on the Indian bourses with the Sensex zooming past 190 points to close above the 30,000 mark for the first tim
Read MoreCorrigendum
Publish Date : Wednesday, April 26, 2017
Commissionerate of Central Excise, Customs and Service Tax, Audit-III, Vapi, Gujarat
Commissionerate of Central Excise, Customs & Service Tax, Audit-III, Vapi, Gujarat
Read MoreGovernment deficit at lowest since financial crisis, says ONS
Government borrowing fell by ?20bn to ?52bn in the year to the end of March, according to official data.That was the lowest level since the financial
Read MoreChina factory sector expansion seen slowing in April
The pace of expansion in China's manufacturing sector likely slowed in April, a Reuters poll showed, as factory-gate price lost steam and authorities
Read MoreModi govt plans to monetise 105 highway projects for about Rs 145,000 cr
India will monetise 105 highway projects for about INR 145,000 crore in the coming years as part of new innovative models of financing, Union Minister
Read MoreTaxpayers 'virtually' have to file only one return under GST: Revenue Secy
The fear that three returns in a month and one annual return under the proposed Goods and Services Tax (GST) would make the whole process very cumbers
Read MoreUpside risks to inflation exist, may deter RBI from rate cut: D&B
Upside risks to inflation persist despite prediction of a good monsoon and might deter the Reserve Bank from going in for a rate cut in the near futur
Read MoreWelspun India posts 11% decline in Q4 standalone profit to Rs157.14 crore
Cotton textiles firm Welspun India Ltd reported a standalone net profit of Rs306.54 crore in FY16-17, 53% lower than previous fiscal year?s Rs648.33 c
Read MoreThey are big financiers of the India story, but GST is making them nervous.
Indian venture capitalists and private equity firms that pumped $15 billion into companies in 2016 are wary that come July, when the goods and service
Read MoreGovernment makes geo-location of tangible assets mandatory for firms
Corporate India will have to furnish the geo-location data of tangible assets appearing on the balance-sheets, with the government seeking to establi
Read MoreRJio writes down Rs12,000 crore of intangible assets for FY16
Reliance Jio has written down ?12,000 crore of intangible assets for FY16. The company also disclosed to analysts that its capital expense was partly
Read MoreMerger of PSBs could help banking system: Urjit Patel
RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to make way for fewer but
Read MoreGST will not push up prices, says Adhia
Revenue Secretary Hasmukh Adhia on Tuesday held out the assurance that prices of goods and services will not see an increase under the Goods and Servi
Read MoreUnregistered copper market causing Rs 500-cr loss to govt
The central government incurs a revenue loss of Rs 500 crore every year owing to non-payment of taxes by the unregistered secondary copper market, whi
Read MoreQ4 results decoded: Several quarters of pain ahead for Indian IT
Along with the USA, Singapore, Australia and New Zealand are also tightening work visa requirements. The UK is also tightening up its visa regime and
Read MoreGovt targets record 273 MT foodgrain output in 2017-18
The government today set foodgrain output target at record 273 million tonne for the 2017-18 crop year and expects to achieve 4 per cent farm sector g
Read MoreManufacturing contracts in April; Q4 earnings to improve: SBI
Corporates are likely to log in healthier set of numbers in the March quarter clocking up to 12 per cent growth on the back of an improvement in manuf
Read MoreFossil fuel investment may fall $3.7 trillion in 15 years
The transition to low-carbon energy systems across the world will have to be faster than seen in 20 years, says a report released globally on Tuesday.
Read MoreCoke's sale down by low single digit in Jan-March
Beverages major Coca-Cola?s sales dipped by a ?low single digit? during January-March 2017 in the India and South-West Asia region. While the firm pos
Read MoreNifty scales lifetime high, sensex nears 30,000-mark
Benchmark Nifty closed above the 9,300-mark for the first time in its history on Tuesday, while the sensex soared 287 points to a three-week high on w
Read MoreEU Hardens Brexit Position on Financial Services, Citizens
European Union governments further toughened their position on Brexit, as they added limits on financial services and explicit demands on citizens? re
Read MoreMFs' exposure to bank stocks at record Rs 1.26 lakh cr
Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.26 lakh crore
Read MoreBoutique bank Moelis eyes expansion in India amid M&A boom
Boutique investment bank Moelis & Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dea
Read MoreTrump Is Moving on a Plan to Cut the Corporate Tax Rate to 15%
President Donald Trump's zeal to unveil a tax plan before his 100th day in office is raising questions about just how thorough his "tax reform" plans
Read MoreLVMH's Arnault swoops to take full control of Christian Dior
French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 b
Read MoreOil dips on doubts over OPEC's ability to reduce inventories
Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall
Read MoreIndian Bank?s Q4 net grows three-fold as NII improves
Chennai-based public sector lender Indian Bank on Tuesday reported its fourth quarter results with its net profit growing three times to Rs 319.70 cro
Read MoreE-tailing sector to see three-fold growth in Indian language internet users by 2021
The e-tailing industry which is currently accessed by 42 million online Indian language internet users, is expected to witness a three fold growth in
Read MoreChinese electronic co iVOOMi enters India
Chinese electronic major iVOOMi on Tuesday marked its entry in India with launch of two affordable smartphones Me 1 priced at Rs 3,999 onwards. The ha
Read MoreJaquar acquires Euro Ceramics for Rs 100 crore; to invest Rs 310 cr
Sanitary ware company Jaquar Group has acquired a plant of Kutch-based Euro Ceramics for Rs 100 crore, and will invest Rs 310 crore this fiscal on exp
Read MoreFY17 spot electricity market sees rise in volume, fall in rates
Electricity traded in the day-ahead market of the India Energy Exchange increased by 16% in FY17 to 39,785 million units (MU) on the back of an averag
Read MoreIT major Wipro Q4FY17 consolidated net profit rises 7.2% qoq: Beats Estimates
Wipro's reported consolidated results for the quarter registered a beat on our estimates. Revenue for the quarter came in 4.2 % higher than the estima
Read MoreNotification No.11 /2017-Central Excise (N.T.)
Notification under Section 11C of the Central Excise Act on Heena Powder and Paste falling under Chapter 33
Read MoreNotification No. 32/2017
Notification No. 32/2017 (F.No. 370142/21/2016-TPL)/GSR 399(E)
Read MoreNotification No.RBI/2016-17/291
Auction of Government of India Dated Securities
Read MorePublic Private Partnerships (PPP) in India
Public Private Partnerships (PPP) in India
Read MoreOil recovers some lost ground, but market under pressure
Oil prices recovered some ground on Monday following last week?s big losses, driven by expectations that OPEC will extend a pledge to cut output to co
Read More5G-enabled industry revenue in India to hit $25.9 billion by 2026: Ericsson
As 5G becomes increasingly integral to industrial businesses and digitalisation, the revenue from 5G-enabled digitisation in India will reach $25.9 bi
Read MoreEuro zone money markets see more chance of ECB hike in early 2018 after French vote
Euro zone money markets on Monday priced in a higher chance of a rise in European Central Bank interest rates after Emmanual Macron won the first roun
Read MoreUK's Hammond hits budget deficit target helped by resilient economy since Brexit
British finance minister Philip Hammond met his budget deficit target in the 2016/17 financial year, avoiding another fiscal slip-up after he was forc
Read MoreWaiving agricultural loans could cost 2 percent of GDP: CEA Arvind Subramanian
Chief Economic Advisor Arvind Subramanian has expressed concern over the recent waiving of farmers? loans by state governments in India, saying it cou
Read MoreTamil Nadu, UP and Bengal lagged in NREGS payments in FY17
Four states ruled by parties other than the BJP figured among the five worst implementers of the Centre's flagship rural jobs programme under the Maha
Read MoreProfessionals may face GST as 'casual taxable persons'
If you are an interior decorator based in Mumbai and are providing services on-site to a client in Bengaluru (where you don't have a fixed place of bu
Read MoreIndia Inc overseas borrowing rises 11.6% to $1.69 billion in March
India Inc raised $1.69 billion from overseas markets in March 2017, up 11.6 per cent from a year ago.Domestic firms had borrowed $1.52 billion through
Read MoreStung by defaults, banks slam brakes on cab loans
India's top lenders, alarmed by the rising tide of defaults on vehicle loans by drivers on ride-hailing apps, are applying brakes on fresh loan disbur
Read MoreAmazon told to keep food items separate from others
The government has asked Amazon to ensure a clear segregation between the food products it wants to sell directly to consumers and the other merchandi
Read MoreJapan central bank seen upbeat on growth, gloomy on prices; policy on hold
Brightening global growth prospects will allow Japan's central bank to keep monetary policy steady this week and invest time solving the puzzle of why
Read MoreBond yields flat, call rate rises
Government bonds (G-Secs) slipped on selling pressure from banks and corporates. The 6.79 per cent G-Sec maturing in 2029 rose to Rs.97.57 from Rs.97.
Read MoreIKEA to start work on Mumbai store in May
Swedish furniture behemoth IKEA is going aggressive on its retail rollout, with the company announcing that it will soon start work on its second stor
Read MoreIndia?s steel output grows 8.2% in March, beating world average
India?s steel production grew 8.2% ? highest among the major producing nations ? in March to 9 million tonne (mt), while the world?s average output gr
Read MoreGold prices dip below Rs 30,000 on weak global cues
Gold prices on Monday dipped below the Rs 30,000 mark, tumbling by Rs 350 to Rs 29,650 per 10 grams at the bullion market, tracking a weak trend overs
Read MoreOverseas bond issuances in FY17 halved to $2.6 bn
Overseas bond issuances by Indian companies and banks more than halved to $2.60 billion in 2016-17, compared with $5.72 billion in the year before, da
Read MoreIndia to expand access to J&J's TB drug this year
India's top tuberculosis fighter said the government will expand access to Johnson & Johnson's breakthrough TB drug this year, but health experts warn
Read MoreHCL Tech to buy Urban Fulfillment Services for $30 mn
India?s fourth largest software services firm HCL Technologies today said it will acquire US-based Urban Fulfillment Services (UFS) for up to $30 mill
Read MoreNHAI hits the road to woo investors for Rs5,000 crore masala bond sale
Minister of road transport and highways and shipping Nitin Gadkari will flag off international investor roadshows for the masala bond sale planned by
Read MoreUltraTech Cement Q4 net profit down 11.3% to Rs 726 cr
Ultratech Cement on Monday reported a decline of 11.31 per cent in its consolidated net profit to Rs 725.90 crore for the fourth quarter ended March 3
Read MoreLow GST rate could hit small jewellers
There's a bit of a paradox in the lobbying by various trade and industry bodies of bullion dealers and jewellers for fixing the coming Goods and Servi
Read MoreIndia leads Asian peers in growth in filing patents
While the lack of innovation by India Inc has often drawn flak, a recent report is encouraging about patents published by the country?s corporates.The
Read MoreFrench Markets Surge as Euro Withstands Attack From the Right
The euro has avoided another existential crisis that might have wreaked havoc on Europe and the global economy. That was the conclusion investors divi
Read MoreUK manufacturing exports jump most in over 20
Brexit is giving a big boost to exporters as the weak pound lifts sales to the strongest since the 1990s.Order growth for manufacturers was the highes
Read MoreFinancial year switch needs good planning
Prime Minister Narendra Modi's request to states for reactions to a proposal for a change in the financial year to January-December from the current A
Read MoreState discoms hike industry power rates
Ten of the 26 states that signed up for the Ujwal DISCOM Assurance Yojana (UDAY) have increased energy charges for industries in the range of 3% to a
Read MoreRupee surges 17 paise to nearly 2-week high of 64.44
The rupee today came back strongly against the US dollar by surging 17 paise to close at a two-week high of 64.44 on heavy dollar selling by exporters
Read MoreGovernment extends IP protection scheme for startups till 2020
The government has extended the Startups Intellectual Property Protection (SIPP) scheme for 3 years till March 2020, to help entrepreneurs protect the
Read MoreItalian food processing firms sending major delegation to India
Taking note of liberalisation in the foreign investment rules for the food processing sector in New Delhi, Italian companies are looking to secure a b
Read MoreNexus still holding out on merger of Flipkart-Snapdeal
SoftBank needs a final, crucial, aye from Nexus Venture Partners, an early investor in online marketplace Snapdeal, to deal on the proposed merger of
Read MoreRising commodity prices put pressure on carmakers' margins
Increase in the prices of key commodities has forced car manufacturers in the country to hike vehicle prices, apart from lowering discounts.In January
Read MoreTata Power may sell cross-holdings after Mundra tariff order
Tata Power would consider selling non-core assets to support the Mundra plant following a Supreme Court ruling against compensatory power tariffs, it
Read MoreNow, use 90% of EPF deposits for group housing scheme
The Employees? Provident Fund Organisation (EPFO) has for the first time introduced a group housing scheme under which a subscriber can now withdraw 9
Read MoreRIL net up 12.3% to Rs 8,046 crore
Reliance Industries (RIL) reported record annual profits for the last financial year (2016-17), riding high on refining and petrochemicals businesses.
Read MoreIncome-tax (8th Amendment), Rules, 2017
Publish Date : Friday, April 21, 2017
Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park /SEZ - to be treated as business income
Publish Date : Tuesday, April 25, 2017
RCOM-Aircel merger gets shareholders' approval
Reliance CommunicationsBSE 1.18 % (RCOM) has received 99.99 per cent shareholders approval for merger of its wireless business with Aircel, a company
Read MoreReliance Jio reports Rs 22.50 crore net loss for second half of FY17
Reliance Jio Infocomm, Reliance Industries' telecom venture, on Monday reported a net loss of Rs 22.50 crore for the six months ended March 31, 2017.
Read MoreUjjivan SFB aims to become a mass market bank in 5 years
Ujjivan Small Finance Bank (USFB) is aiming to become a ?mass market bank? in next five years, its Managing Director & Chief Executive Officer Samit G
Read MoreChina stocks head for worst day of 2017 as regulators tighten grip
China stocks tumbled more than 1 percent on Monday and looked set for their biggest loss of the year amid signs that Beijing would tolerate more marke
Read MoreFPI net inflow at Rs 18,890 crore in April so far
Foreign investors have pumped in a staggering $3 billion in the Indian capital markets this month so far as regulator Sebi has raised investment limit
Read More16 states opt for Centre's e-procurement platform
At least 16 states have started moving to the Government eMarketplace (GeM), the Centre's online public procurement platform, even as PM Narendra Modi
Read MoreGold prices fall by Rs 245 to Rs 29,250 on global cues
Gold became cheaper by Rs 245 per gm in the physical market on Monday in the morning trading session. The yellow metal was trading at Rs 29250 per 10
Read MoreUrbanClap receives Rs 20 Crore as NCD from Trifecta Capital
Home service startup UrbanClap has raised Rs.20 Crore of debt funding from California-Based Trifecta Capital through Non-Convertible Debentures.A Non
Read MoreIndia to grow over 3-fold to $7.25 trillion by 2030: NITI Aayog
The Indian economy will see an over three-fold expansion at $7.25 trillion by 2030 and clock an average growth rate of 8 per cent over the next 15 yea
Read MoreNotification No.RBI/2016-17/290
Sovereign Gold Bonds, 2017-18 ? Series I - Operational Guidelines
Read MoreNotification No.RBI/2016-17/289
Sovereign Gold Bonds 2017-18 ? Series I
Read MoreNotification No.RBI/2016-17/288
Exclusion of KBC Bank N.V. ? from the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2016-17/287
Alteration in the name of "Co?peratieve Centrale Raiffeisen-Boerenleenbank B.A." to "Co?peratieve Rabobank U.A." in the Second Schedule to the Reserve
Read MoreNotification No.RBI/2016-17/286
Cessation of KBC Bank N.V. as a banking company within the meaning of sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949
Read MoreNotification No.RBI/2016-17/285
Alteration in the name of "Abu Dhabi Commercial Bank Limited" to "Abu Dhabi Commercial Bank PJSC" in the Second Schedule to the Reserve Bank of India
Read MoreNotification No.RBI/2016-17/284
Compliance with Ghosh Committee Recommendations
Read MoreNotification No.40/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 21st April, 2017
Read MoreNotification No. 17/2017-Customs
Seeks to exempt goods, falling under the First Schedule to the Customs Tariff Act, 1975, when imported into India by or along with a unit of the Army,
Read MoreNotification No. 16/2017-Customs
Seeks to exempt goods falling under chapter 30 of first schedule of Customs tariff Act 1975, for supply under Patient Assistance Programme run by spec
Read MoreNotification No. 15/2017-Customs
Seeks to amend 8/2011 dated 14.2.2011 so as to extend the exemption of additional duty of Customs to specified jute products imported from Nepal
Read MoreL&T Finance plans to sell mutual fund arm, seeks Rs 2,000 crore valuation
L&T Finance has finalised plans to sell its mutual fund business. The financial services firm of engineering-to-software conglomerate Larsen & Toubro,
Read MoreICICI Lombard General Insurance net up 38% in FY'16-17
ICICI Lombard, the largest private general insurer in the country, has reported a 38.3 per cent increase in net profit for the financial year 2016-17
Read MoreSmall/mid-cap mutual funds get cash swamped on robust returns
Mutual funds focussed on investing in mid- and small-cap stocks are raking it in.With small-cap funds averaging returns of 37 per cent in 2016-17, the
Read MoreCompanies rejig joint ventures to meet IndAS norms
The adoption of the new Indian Accounting Standards (IndAS) might bring about a sea change in the way joint ventures and many private equity investmen
Read More10% shareholding cap: Tata-Mistry battle put spotlight on rule
As the high-profile legal battle at Tata Sons between the two promoter groups gathers pace, experts are divided as to whether there is need to take a
Read MoreUphill task for truck makers after poor FY17
For the medium and heavy commercial vehicle (M&HCV) segment, having struggled with weak demand in 2016-17, the first half of 2017-18 is going to be as
Read MoreNPS catches investors' fancy
On May 1, the National Pension System (NPS) for all citizens will complete eight years. The number of investors in the scheme for the unorganised sect
Read MoreAshok Leyland's quality climb
As commercial vehicle major Ashok Leyland eyes a position in the global top 10 in the trucks segment after occupying the fourth slot among bus manufac
Read MoreCBEC gears up for GST roll-out
In the run-up to the goods and services tax (GST) roll-out, the Central Board of Excise and Customs is set for a major revamp with resect to tax intel
Read MoreMobiKwik, FreeCharge explore merger
Amid merger talks between Flipkart and Snapdeal, FreeCharge?s fate could also be decided soon. The struggling digital payments arm of Snapdeal has bee
Read MoreSaudi Arabia restores state employee bonuses
Saudi Arabia?s King Salman restored bonuses and allowances for state employees, scaling back an austerity programme that generated widespread criticis
Read MoreMust share benefits of economic integration, says IMF
The IMF has acknowledged that a prolonged period of low growth has brought to the fore the concerns of those who have been ?left behind? and said it w
Read MoreFalling pound to make imports from the UK cheaper
With currency volatility continuing to hit the pound sterling, imports from Britain are expected to be cheaper in the medium to long term, say experts
Read MoreIkea to double local sourcing by 2020,open store in NaviMumbai
Ikea is sharpening India focus as it plans to double sourcing from the Indian market to 600 million euro by 2020 and will start work on its second sto
Read MoreGST boost for brick-and-mortar retail expansion
The Goods and Services Tax (GST) regime will be a shot in the arm for the brick-and-mortar retail industry, which has faced major competition from onl
Read MoreMarch 17: Industry continues on its strong growth trajectory
The strong growth momentum for insurers persisted in Mar-17 with industry growth of 25% y-o-y, including LIC growing at 17% y-o-y and private insurers
Read MoreDraghi seen opting for faster QE exit if French hurdle cleared
Mario Draghi may be willing to take a faster route to monetary-policy normalisation than economists previously thought.While no changes to interest ra
Read MoreIMF members set aside trade split as French vote rattles nerves
International Monetary Fund (IMF) members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attenti
Read MoreGST to boost growth by 4.2%: Federal Reserve
The goods and services tax (GST) can boost India?s GDP growth by up to 4.2% ? double the previous estimate ? as lower taxes on manufactured goods will
Read MoreCautious banks slow hybrid annuity projects in roads sector
With bankers still somewhat wary of lending to the roads sector, just 17 of the 32 projects awarded in the hybrid annuity mode, have achieved financia
Read MoreNITI Aayog meet, PM Narendra Modi tells states to step up capex, fast-track GST laws
Prime Minister Narendra Modi on Sunday exhorted states to speed up capital expenditure and infrastructure creation and make legislative arrangements w
Read MoreAs India Inc Q4 results trickle in, firms eke out profits via cost control, ?other income?
With both Infosys and Tata Consultancy Services (TCS) disappointing the Street, it?s been a subdued start to earnings season. The few bright spots ? a
Read MoreBSNL launches new plans with up to 3GB per day data
State-run BSNL today announced new plans in the price range of Rs 333 to Rs 395, offering daily data usage limit of up to 3 GB, unlimited calling and
Read MoreFlipkart toughens return policy; no refund on computer, camera, mobile accessories
Online marketplace Flipkart has revised its return policy making it tougher to avail returns on many items sold on its platform in a bid to cut operat
Read MoreNarayana Hrudayalaya To Acquire Panacea Biotec Arm For Rs. 180 Crore
Narayana Hrudayalaya has entered into an agreement with Panacea Biotec to fully acquire its subsidiary NewRise Healthcare for an enterprise value of R
Read More?Keep truck owners, drivers out of GST purview?
To prevent the derailment of the proposed rollout of GST from July 1, the Indian Foundation of Transport Research and Training (IFTRT), an independent
Read MoreImport duty waived for free medicines
The Finance Ministry has exempted 27 medicines, which are supplied free of cost by pharmaceutical companies under their patient assistance programmes,
Read MoreUncertainty continues over retrospective taxation
The ghost of retrospective amendments hangs over foreign investors who had made gains from indirect transfers, with added risk of penalty as high as 3
Read MoreMedical tourism is forex top spinner
Medical tourism has been the largest contributor to India?s total health services exports, accounting for 70 per cent of the total revenues of $890 mi
Read MoreSequential improvement likely for RIL in March quarter
For Mukesh Ambani's Reliance Industries (RIL), the March-ended quarter might prove sequentially better, on the back of refining and petrochemical segm
Read MoreTrouble ahead for banks
If one goes by the initial March quarter (fourth or Q4 of 2016-17) results of the relatively stronger pack of individual loan-focused private banks, i
Read MoreOpec recommends 6-month extension of oil output cuts
An Opec and non-Opec technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a sourc
Read MoreIMF raises voice to address anti-globalisation anger
As the global recovery gathers pace, the IMF is turning up the volume on its call for wealthy countries to address popular anger over the impact of gl
Read MoreCBDT removes Cyprus from NJA with retro effect from Nov 2013
The tax department today said it has removed Cyprus from the list of notified jurisdictional area with retrospective effect from November 1, 2013, the
Read MoreIndia's tough stand on H1-B visa may remain on paper
Commerce and Industry Minister Nirmala Sitharaman could find it difficult to maintain her tough stance on US government?s curbs on H1-B visas, experts
Read MoreIndia?s growth projected to bounce back in 2018: IMF
The IMF today said that post demonetisation, India?s growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent th
Read MoreRemittances to India dropped by nearly 9 per cent in 2016: World Bank
Notwithstanding a significant 8.9 per cent drop in remittances to India in 2016, the country retained the top spot among remittances receiving nations
Read MoreSlowdown in TCS to weigh on Tatas' growth ambitions
Logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in MumbaiTata Cons
Read MoreGovt open to September roll-out of GST
The Narendra Modi government is open to the idea of delaying the roll-out date for the goods and services tax (GST) to September this year, if the sit
Read MoreSebi to help banks tackle bad loans
Banks and infrastructure finance institutions will soon receive a helping hand from the Securities and Exchange Board of India (Sebi) in their fight a
Read MoreIMF says may raise China 2017 GDP forecast again
China's economy may grow faster than the International Monetary Fund (IMF) had expected for all of 2017 after a first-quarter performance that beat fo
Read MoreUS Existing Home Sales Surge 4.4% in March
U.S. home resales rose more than expected in March to the highest level in more than a decade as more homes came on the market and were quickly snappe
Read MoreUK retail sales see biggest drop in seven years
British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, official data showed today. Rising pric
Read MoreVW to pay $2.8B fine, gets 3 years probation
Volkswagen AG was sentenced Friday to a $2.8 billion fine and three years of probation after last month pleading guilty to three criminal charges for
Read MoreEuro zone growth reaches fastest pace in six years
France?s composite Purchasing Managers? Index climbed to its highest level in six years, outperforming Germany?s for the first time since 2012. The im
Read MoreGE shares fall on cash, business worries though profit beats
General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns abo
Read MoreDiamond miners have India in sight with 'Real is Rare' slogan
The world's top diamond producers will try to spur demand in India with the launch of their "Real is Rare" slogan in September, after the withdrawal o
Read MoreMurky oil inventory picture leaves market grappling for clarity
The jury is still out over whether an OPEC-led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled h
Read MoreKerala drought wrecked 50% of plantation crops, says central team
Drought has wrecked more than half of the plantation crops in Kerala, according to the Central delegation deputed by an inter-ministerial committee to
Read MoreIndia?s steel consumption to grow 6.1% in 2017: WorldSteel
India?s consumption of finished steel products is expected to grow by 6.1 per cent in calendar year 2017 compared with 2016.According to a forecast by
Read MoreRBI may go for a rate hike at its next monetary policy meet
The minutes of the RBI's April 6 policy meeting suggest that the next move of the Central bank will likely be a hike in key policy rates, says a repo
Read MoreReconciling the IMF's 3 Growth Messages
Three important messages for the global economy emerged from the latest ?World Economic Outlook? released by the International Monetary Fund this week
Read MoreSensex, Nifty end in the red; Sun Pharma, Adani Ports top losers
Wipro sacked 600 employees post performance appraisal.Tata Steel board has given its approval for issuing debt securities worth up to Rs 9,000 crore t
Read MoreGovt plans home delivery of petroleum products
The government is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking to cut long queues at fuel statio
Read MoreGovt prepares to strike off registration of over 2 lakh cos
The government plans to cancel the registration of more than two lakh companies that have not been carrying out business for a considerable period of
Read MoreDeadline for declaring black money under PMGKY extended till May 10
The deadline for declaring the black money under the Pradhan Mantri Garib Kalyan Yojana has been extended till May 10.The extension is applicable to t
Read MoreRBI MPC Minutes: Bond yields rise on hawkish stance
The yield on the 10-year benchmark bond rose to an intra-day high of 6.961% on Friday after the minutes of the Reserve Bank of India?s Monetary Policy
Read MoreMike Pence announces $10 billion in deals on Indonesia trip
US Vice President Mike Pence announced $10 billion in deals between American and Indonesian companies during a visit to Jakarta today, as he pushed fo
Read MoreTrump targets cheap Chinese steel in probe
President Donald Trump has launched a trade probe against China and other exporters of cheap steel into the US market, raising the possibility of new
Read MoreFrom June, only BIS certified gold refineries can import dore
The director general of foreign trade on Friday issued a notice saying dore (unrefined) gold can be imported only by refineries certified by the Burea
Read MoreHDFC Bank Beats Estimates, Q4 Net Rises 18% to Rs 3990 Cr
HDFC Bank posted an 18% rise in March quarter earnings boosted by fee income even as it cut staff for the second straight quarter and slowed branch ex
Read MoreGovt to auction wind projects of 4 GW capacity in FY18
The government plans to auction wind power projects of about 4 gigawatt (GW) capacity in tranches this year, a senior official said on Friday. "The fi
Read MoreWalmart sees India as a key growth market, to invest more to expand business
Walmart Stores sees India as a key growth market, along with China, and plans to allocate capital to these with a focus to expand business profitably.
Read MoreNo Price too Great for Telco Incumbents in Battle with Jio
India's biggest telecom carriers ? Bharti Airtel, Vodafone India and Idea Cellular ? will aim to hold on to their market leadership and choose to enga
Read MoreHonda Activa pips Hero Splendor, largest selling 2-wheeler brand in FY17
Reflecting the growing popularity of scooters in the Indian market, Honda Activa has overtaken Hero Splendor, India?s No.1 motorcycle brand in terms o
Read MoreBillionaire Birla Said to Eye Booming Global Carbon Fiber Market
Indian billionaire Kumar Mangalam Birla is exploring entry into the production of carbon fiber, a high-strength and light-weight composite material ex
Read MoreIndia, South Korea sign pact for defence shipbuilding
India and South Korea signed an agreement today to firm up bilateral cooperation in defence shipbuilding.Under the MoU, conceived under the umbrella o
Read MoreIndia's L&T signs deal with S.Korea's Hanwha for artillery guns
Indian engineering firm Larsen & Toubro signed a deal with South Korea's Hanwha Techwin to supply artillery guns to the Indian army in a deal estimate
Read MoreIndia to Bridge Info Gulf With Middle East to Nab Defaulters
The government proposes to clinch information-sharing pacts with key Middle East countries as evidence mounts of local promoters using Gulf countries
Read MorePounded Sterling Knocks Lakhs Off Supercar Price Tags
Thanks to Brexit, supercars made in the UK have just become lighter on the pocket. Rolls-Royce, Bentley , Aston Martin, Range Rover and Ferrari have c
Read MoreIndia benchmark bond yield at seven-month high; rate hike fears rise
India's benchmark 10-year bond yield rose to its highest in seven months on Friday after minutes of the central bank's rate-setting committee meeting
Read MoreIndian economy on a sound footing
The Indian economy appears to be well placed if global and Indian agencies are to be believed. It is estimated that the Indian economy is poised to gr
Read MoreUK retail sales post biggest quarterly fall since 2010
British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brex
Read MoreAshok Leyland plans Rs 600 cr capex this fiscal
Hinduja Group flagship firm Ashok LeylandBSE 4.03 % today said it has lined up around Rs 600 crore capex for this fiscal to enhance cabin and engine c
Read MoreBusiness confidence slips marginally in April-June: D&B
Business confidence for the April-June quarter of this year declined marginally as weak consumption and investment demand kept mood subdued, says a su
Read MoreMindtree profit falls 27% at Rs 97 crore; rising rupee blamed
Mindtree has reported a 27% decline in its net profit for the fourth quarter ended March, year-on-year, impacted largely by the rising rupee against t
Read MoreEPFO subscribers to receive 8.65% returns on PF deposits in 2016-17
Over 13 crore account holders, including more than 4 crore active subscribers, of the Employees? Provident Fund Organisation (EPFO) will receive a ret
Read MoreIMF ?pleased? to see ?rebalancing? in China?s economy: Christine Lagarde
The IMF has praised the ?rebalancing? taking place in China?s economy, saying there are ?good numbers? coming out from the Asian economic giant as a r
Read MoreBoost for infrastructure; Center allows direct foreign lending
In what could be a much-needed thrust for the infrastructure sector, the central government on Wednesday allowed state governments to borrow directly
Read MoreIndia, South Korea to sign MoU to boost defence ties
India and South Korea will on Friday ink a Memorandum of Understanding (MoU) in the Defence Industry Cooperation in Shipbuilding. Secretary Defence Pr
Read MoreNo income tax on salary deducted for not serving notice period
The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving
Read MoreRecord of goods lost, stolen, gifts to be maintained in GST
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and service
Read MoreFriendly advance ruling mechanism to smoothen ride under GST regime
India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all tax
Read MoreRBI minutes suggest next move will be a hike: Nomura
The minutes of the RBI's April 6 policy meeting suggest that the next move of the Central bank will likely be a hike in key policy rates, says a repor
Read MoreFuture Group to sell its private labels through e-tail rivals
Future Group will sell its labels on rival online platforms Amazon and Big Basket as part of its strategy to generate Rs 20,000 crore in sales from in
Read MoreDomestic air passenger traffic up by 15% in March
The deceleration in the domestic air traffic growth continues for the second consecutive month this year with the demand for travel going up nearly 15
Read MoreEuro zone consumer confidence jumps in April
Euro zone consumer confidence improved to -3.6 in April, figures released on Thursday showed. The European Commission said a flash estimate that euro
Read MoreGold loses ground on demand decline, silver bounces
Gold lost some of its shine as the price eased by Rs 90 to Rs 29,810 per 10 grams today, aligning with a sluggish trend overseas amid fall in local de
Read MoreSaudi Arabia, Kuwait signal likely extension of oil output cut
Leading Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal on Thursday that OPEC plans to extend into the second half of the year a deal w
Read MoreHalf of PSBs can be impacted by revised PCA framework: Fitch
RBI's updated `prompt corrective action' (PCA) rules can potentially impact more than half of the NPA-laden state-run banks, a report said today. "Mor
Read MoreIndia rate panel maintains hawkish stance, warns of inflation
Indian central bank's monetary policy committee cited upside risks to inflation arising from price pressure excluding food and fuel as the main reason
Read MoreHonda Motor to make India its two-wheeler export hub
Japan?s Honda Motor Company, plans to make India the export hub for its two-wheelers. The company?s Indian subsidiary Honda Motorcycle and Scooter Ind
Read MoreFuture Retail to demerge home retail business
Shares of Future Retail Ltd hit an all-time high on Thursday after India?s biggest departmental store chain said its board has decided to consolidate
Read MoreHindustan Zinc reports 42% YoY rise in Q4 net profit at Rs 3,057 crore
Hindustan Zinc Ltd (HZL) saw a 42% jump in its net profit to Rs 3,057 crore for the fourth quarter ended March 31, 2017 (Q4FY17) on strong zinc prices
Read MoreIndia's Internet economy to double to $250 billion by 2020
India?s internet economy is slated to double to $250 billion and the number of 4G-enabled devices is envisaged to jump six times to 550 million by cal
Read MoreTop six companies drive steel output growth
The top six companies in the steel sector led the growth of crude output in the first nine months of 2016-17.During April-December 2016-17, the produc
Read MoreCentral banks can handle Fed rate hikes: US Fed VP Fischer
Federal Reserve Vice-Chairman Stanley Fischer painted a picture of a brightening global economy that can better manage the spillover of gradual moneta
Read MoreUnilever numbers boost hopes for HUL
Unilever, the world?s second-largest consumer goods company, beat analysts estimates on Thursday to report 2.9 per cent sales growth in the first quar
Read MoreMajor FPIs shift base after new tax pacts
India?s new tax regime has triggered an exodus of funds from Mauritius and Singapore to tax-friendly jurisdictions in the Eurozone, including France a
Read MoreExtension of time for filing declaration under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Publish Date : Friday, April 21, 2017
Clarification on removal of Cyprus from the list of notified jurisdictional areas under section 94A of the lncome-tax Act, 1961
Publish Date : Friday, April 21, 2017
India records impressive growth in recent years: IMF
India's growth has been "impressive" in the recent years which makes room for tax broadening efforts by the government, according to a top IMF officia
Read MoreAmazon?s arrival sounds wake-up bell for Australia?s sleepy retailers
Global e-commerce juggernaut Amazon.com Inc on Thursday said it will open its online shopfront service in Australia, ending rumours about its plans an
Read MoreGlobal Q1 health IT VC deals at $1.6 bn; Indian tally at $61mn
Global venture capital funding in the healthcare IT sector stood at $1.6 billion by way of 165 deals, including 11 Indian deals worth $61 million, say
Read MoreNestle settles for modest sales growth target after Q1 slowdown
Swiss food giant Nestle maintained its modest 2-4 percent growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever,
Read MoreYes Bank Q4 net zooms 30 pc to Rs 914 cr; bad loans soar
Yes Bank today reported a 30.2 per cent rise in net profit at Rs 914.12 crore for the last quarter of 2016-17, even as its bad assets swelled.The priv
Read MoreStung by debt, China's economic growth to slow to 6.5 percent in 2017
China's economic growth is seen slowing to 6.5 percent in 2017 despite a strong start to the first quarter, as the government seeks to cool the proper
Read MoreGold steady on geopolitical worries amid firmer dollar
Gold held firm on Thursday, after falling as much as 1 percent the previous day, as tensions surrounding North Korea and the upcoming French president
Read MoreP-note investments hit 4-month high of Rs 1.78 lakh crore in March
Investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to 4-month high of Rs 1.78 lakh crore at the end of
Read MoreIndia?s world-beating stock-market rally is prompting money managers to play safe
India?s world-beating stock-market rally is prompting money managers to play it safer.Cash levels at equity mutual funds climbed to an average of 6 pe
Read MoreIndia's digital payments infra to grow three-fold in 2017: MeitY
The infrastructure of digital payments in India is expected to increase three-fold by the end of 2017 with almost five million electronic point of sal
Read MoreFinance Ministry okays 8.65% interest rate on EPF
Labour Minister Bandaru Dattatreya today said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17. The ratification
Read MoreEuro zone March inflation confirmed at 1.5 percent, core rate revised up
Euro zone core inflation was higher than initially forecast, the European Union's statistics office said on Wednesday, while confirming its estimate f
Read MoreJapan manufacturers' mood rises to pre-financial crisis level
Confidence among Japanese manufacturers has risen for an eighth straight month to a level not seen since before the 2008 global financial crisis, a Re
Read MoreFederal Reserve says US growth continues though consumer spending mixed
The US economy continued to grow at a modest-to-moderate pace in recent weeks as a tight labor market helped broaden wage gains, though consumer spend
Read MoreRs 10 trillion umbrella road project to subsume National Highways Development Project
The ambitious Rs 10 lakh crore umbrella programme for roads, Bharatmala, will subsume the National Highways Development Project (NHDP), implemented by
Read MoreKolkata sees 54% jump in new home launches in January-March 2017
The city witnessed a jump in new home launches by 53.9 per cent at 3,801 units in January-March 2017 quarter against that in the previous quarter, a r
Read MoreRBI to keep rates steady over the next 18 months: Poll
India's central bank is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February, a
Read MoreYahoo!'s revenue in Q1 jumps 22%
In its final months as a standalone company, Yahoo! is showing signs it can move toward growth.Yahoo! made progress in its last quarterly earnings rep
Read MoreGovt releases further draft rules on GST
Every entity registered under the proposed goods and services tax (GST) might have to maintain separate accounts relating to each activity. This is a
Read MoreShipping firms to benefit from rising iron ore exports to China
Domestic shipping companies have a reason to cheer as iron ore exports to China witness a surge. With the overall trade scenario in terms of volumes a
Read MoreTata Steel seeks export opportunities in SE Asian market
Tata Steel today said it was looking at higher exports this year and seeking opportunities in South East Asian market following strong prices."We are
Read MoreVolvo plans 'Make in India' car after double-digit growth
Two years of double-digit growth in the Indian market is making Swedish luxury car maker Volvo look at expanding its operations, with possibly local a
Read MoreProtectionism looms on India Inc balance sheets
The International Monetary Fund (IMF) on Wednesday cautioned that corporate balance sheets would be hit hardest in India, besides China and South Afri
Read MorePower sector sees coal supply from CIL rising to 420 MT in FY17
The supply of coal by state-owned CIL to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17.The increase in supply comes a
Read MoreSteel imports fall 36% to 7.4 mt in 2016-17; exports jump 102%
India?s import of total finished steel fell 36 per cent to 7.4 million tonnes (MT) and exports jumped 102 per cent to 8.2 mt in 2016-17.The country di
Read MoreEssar Projects clocks revenue of Rs 2,000 cr in 2016-17
Essar Projects India (EPIL), apart of the diversified Essar Group, today said it has posted revenues of Rs 2,000 crore in fiscal 2016-17. The EPC comp
Read MoreMyntra Acquires InLogg, Focuses On Logistics Operations
Flipkart-owned online fashion retailer Myntra has acquired InLogg, a city-based technology platform that manages logistics operations, to strengthen i
Read MoreStates can seek overseas loans for projects
Large infrastructure projects being executed by State government entities will find it easier to tap international funds from bilateral financing agen
Read MoreIMF sees marginal dip in India?s deficit
India?s headline deficit is expected to see a modest improvement this fiscal, according to the International Monetary Fund (IMF). But, to further cons
Read MoreBosch to invest Rs.1,000 cr on plant and machinery
Leading auto parts? maker Bosch expects to invest around Rs.1,000 crore on a yearly basis for the next few years on plant and machinery, including the
Read MoreCentre clears way for Indian firms to merge with foreign companies
Paving the way for a broader merger and acquisition (M&A) landscape, the Centre has allowed Indian companies to merger with companies abroad. However,
Read MoreCircular No.15/2017-Customs
DRescinding Board Circular F. No. 528/213/87 - Customs (TU)
Read MoreNotification No. 14/2017-Customs
Amendment to Notification No.41/1999-Cus to align the said notification with para 4.36 of FTP 2015-20 by omitting the word 'for export' in the proviso
Read MoreNotification No.RBI/2016-17/283
Disclosure in the ?Notes to Accounts? to the Financial Statements- Divergence in the asset classification and provisioning
Read MoreNotification No.RBI/2016-17/282
Additional Provisions For Standard Advances At Higher Than The Prescribed Rates
Read MoreNotification No.RBI/2016-17/281
Guidelines on compliance with Accounting Standard (AS) 11 [The Effects of Changes in Foreign Exchange Rates] by banks - Clarification
Read MoreNotification No.RBI/2016-17/280
Prudential Guidelines ? Banks? investment in units of REITs and InvITs
Read MoreNotification No. 31/2017
(F.No. 225/46/2016-ITA-II)
Read MoreNotification No. 30/2017
(F.No. 225/286/2015-ITA.II)
Read MoreJapan government fund, bank mull bid with Broadcom for Toshiba chip unit
A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom Ltd for Toshiba Corp's semiconductor business, a move that
Read MoreIndusInd Bank fourth-quarter net profit rises
IndusInd Bank, India's sixth-biggest private sector lender by assets, reported a 21 percent rise in its fourth-quarter profit on higher interest incom
Read MoreSilver takes sharp fall of Rs 550 on global cues, gold steady
Silver saw losses for the third straight day, with prices falling by a sharp Rs 550 to Rs 42,250 per kg today, much in line with a weak trend overseas
Read MoreFY16 bank financials may look different after the latest RBI circular
While the asset quality review (AQR) guideline of RBI that was implemented from September 2015 lead to higher recognition of bad assets and lower prof
Read MoreVolkswagen Q1 operating profit jumps thanks to VW brand
Volkswagen posted a 28 per cent jump in first-quarter operating profit, helped by a return to earnings growth at its core VW brand, which has struggle
Read MoreIMF ratchets up UK economic growth forecast to 2%
The International Monetary Fund has revised up its UK growth forecast for the second time in three months after admitting that the performance of the
Read MoreNew Zealand toughens requirements for skilled immigrants
New Zealand is introducing tougher requirements for skilled overseas workers as it tries to control immigration numbers that have reached an all-time
Read MoreIndia?s steel import falls 36% to 7.4 million tonnes in 2016-17
India?s import of total finished steel fell 36 per cent to 7.4 million tonnes (MT) and exports jumped 102 per cent to 8.2 MT in 2016-17, according to
Read MoreHousing sales drop in top 8 cities to 28,131 units in January-March
Housing sales fell marginally by 1 per cent in eight major cities to 28,131 units during January-March over the previous quarter, with demand slowly r
Read MoreRecord 8,231 km of national highways constructed in 2016-17: Nitin Gadkari
Union Road Transport Minister Nitin Gadkari on Tuesday said a record 8,231 kilometres of national highways were built during 2016-17. He also ordered
Read MoreIndia moving forward to become major destination for FDI: US trade official
India, with a young skilled workforce, high growth rate and deregulation being undertaken by the government, is set to become an important destinatio
Read MoreBank of America 1stquarter profits up 40%
Bank of America Corp. posted a 40 percent increase in first-quarter profit, fueled by stronger trading revenue, and added employees for the first time
Read MoreMeghmani Finechem to invest Rs. 400 cr on expansion projects
Chemicals player, Meghmani Finechem Ltd (MFL) plans to invest Rs. 400 crore towards expansion of existing projects and a new project of hydrogen perox
Read MoreTCS profit rises 4.2% to Rs. 6,608 cr.
Tata Consultany Services (TCS), India?s largest software exporter, reported a 4.2% increase in fourth-quarter net profit to Rs. 6,608 crore. Revenue i
Read MoreIndustrial production up 0.5% in March
U.S. industrial production posted a solid gain in March, reflecting a record rebound in utility output. But a closely watched gauge of manufacturing p
Read MoreOil hits 11-day low on expected surge in U.S. shale output
Oil prices fell on Tuesday, hitting their lowest in 11 days as a U.S. government report said shale oil output in May was expected to post the biggest
Read MoreNon-life insurance premium grows 32% to Rs 1.27 lakh cr in FY17 as PMFBY pays off
Pradhan Mantri Fasal Bima Yojana (PMFBY) played a significant role in the growth of non-life insurance industry in the financial year 2016-17. Gross d
Read MoreSebi provides clarity on Interest Rate Future requirements
Markets regulator Sebi on Tuesday provided more clarity on Interest Rate Future (IRF) as part of easing the trading requirements for investors.In IRF
Read MoreIndia, World Bank sign $175-m loan pact for hydrology project
India on Wednesday signed a $175-million loan agreement with the World Bank for the National Hydrology Project. The project is expected to strengthen
Read MoreBanks not making adequate disclosures, RBI flags concerns
The Reserve Bank of India (RBI) on Tuesday released a series of guidelines with a view to tighten norms concerning recognition of and provisioning for
Read MoreIndia Inc's foreign investments jumps 2-fold to $3 bn in Mar
Foreign direct investment (FDI) by Indian companies in their overseas ventures jumped over two- fold to USD 2.99 billion last month.Indian firms had m
Read MoreSebi may allow investors to buy mutual fund via digital wallet
Markets regulator Sebi is looking to allow investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors
Read MoreIMF raises global growth forecast, warns against protectionism
The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, bu
Read MoreNestle plans to bring more global products to India
Nestl? India, best-known for its Maggi instant noodles, is considering options to introduce more international products in the country. In its just-re
Read MoreSAIL Spends Rs 64,562 Crore On Modernisation, Expansion Of Plants
State-run SAIL has so far spent a total of Rs 64,562 crore on modernisation and expansion programmes, which also includes Rs 2,324 crore investment in
Read MoreScooters gain an edge over bikes in sales
A rapidly growing scooter market is driving in a new trend to the domestic two-wheeler market.Of the six manufacturers who make motorcycles and scoote
Read MoreRBI raises provisioning on telecom loans
In an unusual directive, the Reserve Bank of India (RBI) on Tuesday asked banks to set aside higher provisioning for the telecom sector, starting from
Read MoreIMF revises India's growth forecast to 6.8% in FY17
India?s economic growth will be 6.8 per cent in 2016-17 ? against the official advance estimates of 7.1 per cent ? due to demonetisation, if the proje
Read MoreIndia eases rules to allow merger of Indian companies with foreign firms
India will allow local companies to merge with overseas firms, easing rules to help home-grown businesses restructure their expanding global operation
Read MoreP&G, Future Group Get Cosy in India to Crack the Retail Puzzle
Procter & Gamble (P&G), the world?s biggest consumer goods company, has tied up with Future Group for joint sales forecasting and planning, exclusive
Read MoreNotification No.30/2017[F.No.225/286/2015-ITA-II]
Publish Date : Wednesday, April 19, 2017
Notification No.31/2017[F.No.225/46/2016-ITA-II]
Publish Date : Wednesday, April 19, 2017
Australia to introduce stricter rules on working visas
The 457 visa programme is used mainly to hire foreign workers in the restaurant, IT and medical industries - the majority came from India, the UK and
Read MoreSAIL spends Rs 64,562 cr on modernisation, expansion of plants
State-run SAIL has so far spent a total of Rs 64,562 crore on modernisation and expansion programmes, which also includes Rs 2,324 crore investment in
Read MoreHenkel may get until Nov to buy 26% stake in Jyothy Labs
The deadline for Henkel AG to exercise its option to acquire a 26% stake in Jyothy Laboratories may be extended to November, as the German consumer go
Read MoreTCS shareholders approve Rs 16,000-crore share buyback ahead of Q4
Tata Consultancy Services, India's largest software exporter, on Monday said its shareholders have approved a Rs 16,000 crore share buyback plan.The b
Read MoreSBI says low credit growth, high GDP suggest decoupling
State Bank of India said steep decline in credit growth, which hit a multi-decadal low in 2016-17 despite the economy clipping at around 7 per cent, s
Read MoreFMCG Q4: it?s all about volume growth
Bajaj Corp. Ltd is not a bellwether for the FMCG industry but the recent sharp drop in its share price is a cautionary tale for optimistic investors.
Read MoreBank of Baroda ties up with EM3 Agri for loans to boost farm incomes
Public sector Bank of Baroda has inked a pact with EM3 Agri Services to give loan to farmers and rural entrepreneurs for purchase of farm equipment an
Read MoreApple to be worth at least $824 billion in 2017
Benefiting from its expensive 'plus' models and rising demands of its products, Apple Inc will be worth at least $824 billion this year, analysts have
Read MoreAsia stocks mixed, dollar subdued amid North Korea concerns
Asian stocks were mixed on Tuesday and the dollar gave up the gains it had made when the U.S. Treasury Secretary spoke in support of a stronger curren
Read MoreIndia Inc's foreign investments jumps 2-fold to $3 billion in March
Foreign direct investment (FDI) by Indian companies in their overseas ventures jumped over two- fold to USD 2.99 billion last month. Indian firms had
Read MoreOil prices fall on expected surge in U.S. shale output
Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns
Read MoreGreek debt must be sustainable for IMF to join bailout - Lagarde
The International Monetary Fund will not take part in a bailout programme for Greece if it deems the country's debt is unsustainable, the internationa
Read MoreBrazil's economy grew at its fastest pace since 2010 and its stocks are flying high
Brazil's economy is showing signs it's climbing out of its two-year recession, and international investors are snatching up the country's stocks.Econo
Read MoreServices need to gear up for Industrial Revolution 4.0
India's services sector must gear up to take advantage of Industrial Revolution 4.0, which will create huge opportunities in high-tech manufacturing,
Read MoreCPI inflation seen at 4.8% in FY18, fears exaggerated
Retail inflation is expected at 4.8 per cent for the current fiscal and fears in this regard are exaggerated as the country will continue to witness b
Read MoreLife insurers see 26% rise in new business income
New business premium income of life insurers increased 26% in the year to March 2017, with the biggest state-run behemoth spearheading the industry?s
Read MoreAPL Apollo Tubes invests Rs.300-crore in new technology for making steel pipes
Bringing in revolutionary changes in galvanised steel pipes production, APL Apollo Tubes has lined up investments close to Rs.300 crore for Direct For
Read MoreFord launches Sport Editions of hatch Figo, sedan Aspire
Ford India launched sports editions of hatchback Figo and compact sedan Aspire in the Titanium trims on Monday.The new Fords are a sporty, trendy upda
Read MoreWorld Bank says Indian economy to grow at 7.2% in FY18
Having seen a ?modest setback? due to demonetisation last fiscal, the Indian economy will claw back to 7.2% growth this financial year and rise furth
Read MoreGold hits 5-month high on rising geopolitical risks
Gold hit a five-month high on Monday as investors took refuge in safe-haven assets in the wake of rising geopolitical tensions over North Korea. Spot
Read MoreBlackstone?s $2 Billion Adds EagleClaw Midstream In Delaware Basin
Blackstone Energy Partners LP will buy EagleClaw Midstream Ventures LLC for $2 billion cash, the companies said April 17 as the Permian Basin?s infras
Read MoreChina's economy grows 6.9% in Q1 on manufacturing, energy output
China?s economy grew 6.9% in the first quarter as manufacturing and energy output rose and state-owned companies continued to spend heavily on infrast
Read MoreChina March steel output climbs to highest on record
China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beij
Read MoreEquity MFs log Rs 70,000 cr inflow in 2016-17
Investors put in more than Rs 70,000 crore in equity-oriented mutual fund schemes in 2016- 17, making it the third successive year of net inflows. The
Read MoreNote-ban crimps MFIs securitisation by 21% in Fy17
Hit hard by the note-ban, securitisation volume of microfinance institutions (MFIs) fell 21 per cent to around Rs 7,150 crore in fiscal 2017 compared
Read MoreIRDAI cuts third party premium for some categories of vehicles
The Insurance Regulatory and Development Authority of India (IRDAI) on Monday reduced premium rates of motor third party insurance for some categories
Read MoreNTPC's power generation cost drops 39.5 paise to below Rs 2 per unit
The state-owned NTPC has managed to bring down its cost of electricity generation by an average 39.5 paise while for the Mauda project, it was a decli
Read MoreCurrent account deficit to widen significantly to 1.6% of GDP in 2017
India?s current account deficit (CAD) is expected to widen to 1.6 per cent of GDP this year from 0.5 per cent in 2016, owing to higher commodity price
Read MoreInflation cools to 5.7% even as food prices heat up
Inflation at the wholesale level eased to 5.7 per cent in March on declining fuel prices and appreciating rupee even as food prices hardened.Based on
Read MoreRelief to consumers, under GST, tax rates for most goods to fall
The Goods and Services Tax (GST) Council?s resolve to minimise rate shocks will result in reduction in the nominal tax rates for a vast majority of go
Read MoreCircular No. 206/4/2017-ST
Issues related to levy of service tax on the services provided by a person located in non-taxable territory to a person located in non-taxable territo
Read MoreNotification No. 16/2017-Service Tax
Seeks to amend Service Tax Rules, 1994 so as to,(i) Specify the importer as defined under clause (26) of section 2 of the Customs Act, 1962 (52 of 196
Read MoreNotification No.RBI/2016-17/279
Auction of Government of India Dated Securities
Read MoreVolvo plans assembly facility for expansion
Volvo is looking for expansion in India. It is planning to set up an assembly operation here to have price-competitive products to counter German riva
Read MoreSebi set to block P-Note route for NRIs to prevent laundering of black money
The regulator plans to put in place a clear bar on non-resident Indians (NRIs) and entities owned by them and resident Indians subscribing to particip
Read MoreOptimism Surrounds Global Economy in 2017
Cairo ? Experts and observers expect the biggest economies of the world to see an escalating, or at least a stable, growth in 2017. The tough economic
Read MoreUBS: Dollar will fall further, with Europe to blame
The dollar's recent downdraft hasn't ended, with further weakness likely ahead, Dominic Schnider, head of Asia-Pacific foreign exchange at UBS, told C
Read MoreApollo Tyres plans to increase market share in Europe to 3.5% from 2.5%
With the Hungary plant going on stream, Apollo Tyres plans to increase its market share to 3.5 per cent in the next two-three years from the current 2
Read MoreIDFC bucks the trend, on course to meet exit targets
Private equity funds may be finding exits challenging for the past year or so but IDFC Alternatives, the alternate asset management arm of IDFC, has b
Read MoreLarsen & Toubro?s construction arm bags orders worth Rs 2,694 crores
Larsen and Toubro on Monday informed the bourses that its construction arm has bagged orders worth Rs 2,694 crores across various bussiness segments.
Read MoreJK Tyre eyes over 20 per cent market share in two-wheeler segment
Tyre & Industries is eyeing over 20 per cent market share in the two-wheeler segment over the next 18 months as it readies to roll out new products as
Read MoreCairn and partners to invest Rs 3,240 crore in Ravva Field
The Ravva field (PKGM-1 Block) located in the shallow offshore area of Krishna Godavari Basin, has completed 21 years of successful operations with ,C
Read MoreCompanies report better CSR compliance in FY16
Corporate social responsibility (CSR ) compliance improved in India in 2015-16 with companies managing to effectively spend almost 92% of their budget
Read MoreNew RBI plan could bring bad news for m-wallets like Paytm and Mobikwik
Mobile wallet company executives last week expressed their concerns to Reserve Bank of India officials over the proposed guidelines for the sector, in
Read MoreMassive fall in angel investments: PE, VC deals plunge to 5-year low at $3 bn in Q1
The deal street got off to a tepid start in 2017 with the first quarter numbers coming down heavily both in value and volume at $3.04 billion through
Read MoreEquity mutual funds log Rs 70,000 crore inflow in 2016-17
Investors put in more than Rs 70,000 crore in equity-oriented mutual fund schemes in 2016- 17, making it the third successive year of net inflows. The
Read MoreIndusInd Bank projected to post solid Q4 growth, but may see slight drop in NIM
Private lender IndusInd Bankis all set to disclose fourth quarter earnings on Wednesday. The lender is seen reporting strong profit and loan growth, b
Read MoreSteel, stimulus drive China's strongest economic growth since 2015
China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom he
Read MoreMumbai zone service tax mop-up falls short of revised target
The Union Budget 2017 had set a target of Rs 76,300 crore from the Mumbai zone but this was revised upwards to Rs 83,000 crore in February. (Reuters)T
Read MoreCredit growth plunges to over 60 year low at 5% in FY17
Saddled with high bad debt and weak corporate demand, credit growth plunged to a whopping six-decade low of 5.08 per cent in the financial year 2016-1
Read MoreMerge govt, central bank budgets for better fiscal outcomes
An American economist has called for consolidating the central bank and government?s budgets and balance sheets saying such a move can prevent soverei
Read MoreChina to post solid, steady Q1 growth on building boom, but debt risks loom
China is expected to report on Monday that its economy grew 6.8 percent in the first quarter, well above Beijing?s full-year target, buoyed by surging
Read MoreGovernment may soon allow 100% FDI in cash, ATM management companies
Cash and ATM management companies will soon be allowed to attract 100 per cent foreign direct investment as they are not required to comply with the P
Read MoreGrowth trajectory expected to plateau after stellar FY17
BEL has broken out from the sub 10% y-o-y revenue growth range in FY17. We have raised our FY17e-19e EPS by 8-9% factoring this. Defence indigenisatio
Read MoreWPI cools to 5.7% in March, higher vegetable prices fuel food inflation
Lower inflation in manufacturing and fuels cooled India's wholesale inflation to 5.7% in March after it hit a three year high of 6.55% in February. Wh
Read MoreCurrent account deficit to widen to 1.6% from 0.5% of GDP: Nomura
India's current account deficit (CAD) is expected to widen to 1.6 per cent of GDP this year from 0.5 per cent in 2016, owing to higher commodity price
Read MoreGovernment awards 49 port projects worth Rs 8,341 crore in FY17
The government awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT.
Read MoreGST: Government looking to keep single rate for each product group to avoid complexity
After having opted for multiple rates under the upcoming goods and services tax (GST) regime, India is now looking to keep variations in rates on the
Read MoreFPIs? net inflow at Rs 16,500 crore in April so far
Foreign investors have pumped in a whopping Rs 16,500 crore in the Indian capital markets this month so far on the back of improved investor sentiment
Read MoreDecline in bank lending rates unlikely
The new fiscal commenced with the first bi-monthly monetary policy statement for FY2018 from the Reserve Bank of India (RBI), which outlined some risk
Read MoreCash levels in equity MFs double in 4 months
Cash levels in equity mutual funds (MFs) have reached almost six per cent in March amid a sharp rise in stock prices. The cash levels are the highest
Read MoreFinance Ministry okays 8.65% interest on EPF for 2016-17
The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 per cent rate of interest on employees' provident fund fo
Read MorePSUs keep pace with capex target while others wilt
Central public sector enterprises (CPSEs) and departmental undertakings (DUs) have bucked the investment famine in the economy in 2016-17. According t
Read MoreClarification regarding liability to income-tax in India for a non-resident seafarer receiving remuneration in NRE (Non Resident External) account maintained with an Indian Bank
Publish Date : Tuesday, April 11, 2017
China's shadow banking rebounds in March, household loans surge despite curbs
China's banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive bui
Read MoreSpiceJet partners with HSBC to offer UPI payment option
SpiceJet today said it has partnered with HSBC India to provide a platform for passengers to make payments through mobile phones.The no-frills airline
Read MorePrivate equity firms are putting a higher value on buyout targets than at any point since the financial crisis
Some call it "private equity inflation."It's a problem for the industry that occurs as the market rises over a long period of time. Such a move causes
Read MoreToshiba creditors likely to approve chip unit collateral for $9.2 billion finance
Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan comm
Read MoreIndian banks' loans rose 5.1 percent in two weeks to March 31 - RBI
Indian banks' loans rose 5.1 percent in the two weeks to March 31 from a year earlier, while deposits rose 11.8 percent, the Reserve Bank of India's w
Read MoreCBEC sanctions Rs 1 crore to each zone for GST outreach
Racing against time for GST rollout, Central Board of Excise and Customs (CBEC) chief Vanaja N Sarna has sanctioned Rs 1 crore to each of 23 zones to
Read MoreDigital transactions shoot up 23 times post note ban to 64 lakh
Digital transactions increased by about 23 times in March to nearly 64 lakh, with total value of Rs 2,425 crore, from last November when demonetisatio
Read MorePaytm partners with Genesis Luxury for payment gateways in India
Digital wallet player Paytm has partnered with luxury brand distributor Genesis Luxury in India which markets and distributes global luxury and premiu
Read MoreUber reports financial numbers for first time, shows it's a cash-burning machine
Uber Technologies Inc. isn?t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first t
Read MoreStress test shows economy vulnerable on interest rates
As part of its draft stability programme update, published this week, the Department of Finance included a ?sensitivity analysis? to model the effect
Read MoreWhat the downgrades mean for Johannesburg and its economy
SA was already well on its way to junk status, as the political risk associated with the country deepened ? this was clear in its credit default swaps
Read MoreOil Ministry local content strategy to be incremental
The government will be adopting an incremental methodology for implementing its local content preference policy for state-run firms operating under th
Read MoreCredit profile to improve if India sticks to fiscal path: Moody's
US business and financial services firm Moody's Investors Service said on Friday India's credit profile would improve if it follows the fiscal discipl
Read MoreExports increase by 27.6% in March, imports up by 45%
India?s merchandise exports increased at the fastest pace in almost six years in March led by an overall rise in shipments across sectors even as a st
Read MoreSize and composition of central bank's balance sheet have unavoidable fiscal implications: Willem H Buiter
The size and composition of central bank's balance sheet have unavoidable fiscal implications and consolidation of central banks and government budget
Read MoreGST: CBEC proposes e-way bill for goods worth Rs 50,000 in transit
The rules authorise the tax commissioner or an officer empowered by him on his behalf to intercept any conveyance to verify the e-way bill or the numb
Read MoreGST to boost warehousing, logistics: JLL
The roll-out of the goods and services tax and real estate investment trusts is expected to fuel the growth of warehousing stock across the country in
Read MoreWorld Bank sanctions USD 375 million loan for NW 1 project
The World Bank has sanctioned a loan of USD 375 million for National Waterway 1 project, India?s first waterway project.The NW1 project envisages a wa
Read MoreMajor auto companies may report decline in sales in fourth quarter, say analysts
The auto sector that had just begun to see some uptick in sales in January and February post remonetisation, is likely to see a tougher fourth quarter
Read MoreJapan March exports seen up for fourth month, imports to jump on oil prices
Japan's exports were expected to rise for a fourth straight month in March thanks to solid global demand, while imports were seen likely to gain at th
Read MoreU.S. retail sales, inflation data highlight weak first quarter growth
U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year, underscoring the magni
Read MoreCoal India to set up methanol plant in WB
World?s largest coal miner CIL will diversify into coal to chemical business and is planning to set up a coal?based methanol plant in West Bengal.?Coa
Read MoreDCB Bank posts 24 pc fall in Q4 net profit at Rs 53 crore
Private sector DCB Bank has reported 24.3 per cent fall in net profit at Rs 53 crore for the fourth quarter ended March of 2016-17 fiscal.The bank had
Read MoreSoftBank starts process of selling Snapdeal to Flipkart
Japan?s SoftBank, the largest investor in Jasper Infotech-owned e-commerce platform Snapdeal, is understood to have have initiated the process of sale
Read MoreBrics bank plans to issue rupee, yuan bonds this year: KV Kamath
The New Development Bank (NDB) set up by the Brics countries ? Brazil, Russia, India, China and South Africa ? plans to issue bonds this year in India
Read MoreTelangana government completes `16,374-crore loan waiver scheme
The Telangana government has completed the final round of a loan waiver scheme to the farmers in the state. The total quantum of loans waived now stan
Read MoreForex reserves down $956.4 mn to $368.998 bn
India's foreign exchange reserves declined by $956.4 million to $368.998 billion for the week ended April 7 due to fall in foreign currency assets, th
Read MoreSuzuki led-JV to invest Rs 1,200 cr in making green car batteries in India
In an indication of future plans to introduce electric mobility in its biggest market, Suzuki Motor Corporation (SMC), the parent company of Maruti, s
Read MoreGold imports up since demonetisation: Black money turned white, then yellow
January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013.Gold imports in the last quarter stood at 230 tonnes, an
Read MoreVedanta?s financial flexibility improves with merger: S&P
Mining mogul Anil Agarwal?s Vedanta Ltd will get access to $4 billion of cash and another about $700 million a year following the merger with Cairn In
Read MoreIndian billionaire Anil Agarwal buys 11.4 per cent of miner Anglo American
Indian metals-to-mining magnate Anil Agarwal has acquired an over 11 per cent stake in British mining company Anglo American, according to a London St
Read MoreSingapore?s property prices to double by 2030: Morgan Stanley
The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a W
Read MoreWells Fargo's profit flat as costs, mortgages weigh
Wells Fargo & Co (WFC.N) posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices s
Read MoreLoan growth stalls despite profit, trading gains at some U.S. banks
Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still hea
Read MoreAsian shares, won move south on worries over North Korea
Japanese and South Korean shares fell while the won currency came under pressure on Friday, as rising tensions in the Korean peninsula dented confiden
Read MoreMutual Fund assets soar 42 per cent to Rs 17.5 trillion in FY17
The assets under management (AUM) of the mutual fund (MF) industry saw an exceptional growth of 42 per cent at Rs 17.5 trillion in fiscal 2017 from Rs
Read MorePF rate lowered to 8.65%, loyalty benefits added and bonus on retirement
The provident Fund rate for 2016-17 has been reduced to 8.65 per cent from 8.8 per cent in 2015-2016. Secondly, loyalty-cum-life benefit would be prov
Read MoreFederal Bank plans to sell 26% stake in its non-banking arm
Federal Bank is planning to sell an up to 26% stake in its non-bank finance unit, Fedbank Financial Services, to private equity firms to raise Rs 400-
Read MoreBOJ to offer brighter view of economy, exports
The Bank of Japan is expected to offer a more upbeat view of the economy than it did last month at its next rate review, people familiar with the matt
Read MoreFive ways the referendum could change Turkey
Turkey votes on Sunday in a referendum on expanding the powers of the presidency under Recep Tayyip Erdogan. But the outcome could more broadly influe
Read MoreAbbott Laboratories to buy Alere for $4.4 billion
Abbott Laboratories agreed to buy diagnostic-testing company Alere Inc for $4.4 billion, ending a prolonged legal battle over Abbott's plan to buy the
Read MoreDigital money takes a big swipe at cash
Digital payments grew 57% year-on-year in the last fiscal with mobile wallets more than doubling and card payments rising 44%, helped by a strong gove
Read MoreXenture Technologies to expand global footprint
Bengaluru-based start-up Xenture Technologies is looking to expand its global footprint.With branch offices in the US and Singapore, the company, thro
Read MorePresident Mukherjee signs four GST Bills into law
President Pranab Mukherjee on Thursday signed four enabling Bills related to the goods and services tax (GST) into law, taking the country a step clos
Read MoreSoftBank infuses Rs 1,675 crore in Ola Cabs; fresh funds to help Bengaluru co take on rival Uber
Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take Ame
Read MorePakistan exports to India grew despite tension
Pakistan's exports to India have grown despite border tensions and war of words between the two neighbours, according to a media report. According to
Read MoreOperation Clean Money 2.0: I-T to probe deposits of Rs 5-10 lakh now
Following a poor response to the Pradhan Mantri Garib Kalyan Yojana (PMGKY), an income declaration scheme, the Income Tax (I-T) department is set to l
Read MoreNotification No. 15/2017-Service Tax
Seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the importer as defined under clause (26) of section 2 of the Customs Act
Read MoreNotification No. 14/2017-Service Tax
Seeks to amend Point of Taxation Rules, 2011 with effect from 22nd January, 2017so as to provide the point of taxation of services provided by a forei
Read MoreNotification No. 13/2017-Service Tax
Seeks to amend Service Tax Rules, 1994 so as to,(i) Specify the importer as defined under clause (26) of section 2 of the Customs Act, 1962 (52 of 196
Read MoreNotification No.10 /2017-Central Excise (N.T.)
Seeks to amend CENVAT credit Rules, 2004 to allow the importer of the goods to take Cenvat credit on basis of the challan of payment of service tax by
Read MoreNotification No.09 /2017-Central Excise (N.T.)
Central Excise (Settlement of Cases) Amendment Rules, 2017
Read MoreNotification No.39/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No.38/2017 Customs (N.T.)
Amendment to notification no. 78/2014-Customs (N.T.) dated 16.09.2014
Read MoreNotification No.37/2017 Customs (N.T.)
Customs (Settlement of Cases) Amendment Rules, 2017
Read MoreNotification No. 13/2017-Customs
seeks to further amend notification No.12/2012-Customs, dated 17.03.2012 so as to allow the following changes regarding duty free import of raw sugar
Read MoreNotification No.RBI/2016-17/278
Exim Bank's Government of India supported Line of Credit of USD 31.29 million to the Government of the Republic of Nicaragua
Read MoreNotification No.RBI/2016-17/277
Grant of ?Certificate of Registration? ? For carrying on the business of credit information ? Transunion CIBIL Limited
Read MoreNotification No.RBI/2016-17/276
Revised Prompt Corrective Action (PCA) framework for banks
Read MoreNotification No.RBI/2016-17/275
Financial Literacy Week
Read MoreNotification No.RBI/2016-17/274
Security Substitution Facility for term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility
Read MoreIndia services export up 5.9% in February, import up marginally
Export of services grew by 5.9 per cent year-on-year to $13.06 billion in February 2017, the RBI data released today showed.Services export was worth
Read MoreDomestic jewellers recommend 1.25% duty under GST
The Rs 2,50,000-crore gems and jewellery industry has recommended 1.25 per cent of levy for it under the coming Goods and Services Tax (GST).This is b
Read MoreM&As rise 4-fold to $27.82 billion in March quarter
India Inc's M&A deal tally in March rose fourfold to $27.82 billion, led by the VodafoneIdea merger, taking the overall figure to $31.54 billion in th
Read MoreBourses in IFSCs may allow trading in equity derivatives: Sebi
Markets regulator Sebi today said stock exchanges operating in international financial services centres (IFSCs) may allow trading in equity derivative
Read MoreNTPC reorients operations to reduce power cost
The country?s largest power generating company NTPC, for the first time, reduced its coal consumption by as much as 5.5 per cent thereby reducing its
Read MoreIndia?s GDP growth may slip to 6.7% in March quarter: Nomura
India?s GDP growth is likely to decelerate to 6.7 per cent in March quarter but it will gradually recover to around 7.7 per cent in 2018 supported by
Read MoreJPMorgan beats profit forecasts, helped by interest rates
JPMorgan Chase reported first-quarter earnings that easily beat analysts' estimates Thursday, helped by a steady climb in interest rates from a year e
Read MoreOil market is now 'very close' to reaching a balance, IEA says
The oil market is "slowly but surely" reaching a balance as a result of the success of the OPEC production deal, the head of the oil industry and mark
Read MoreIFCI cuts benchmark lending rate by 55 basis points
Term finance lender IFCI today reduced its benchmark lending rate by 0.55 percentage point in line with market competition. The state-owned company ha
Read MoreRBI likely to soak more liquidity from system
The Reserve Bank of India is likely to mop up additional liquidity in the next two to three weeks from the banking system through reverse repo auction
Read MoreReliance Power records 252% increase in Q4 profit
Reliance Power said on Thursday that the company recorded a 252 per cent rise in net profit in the fourth quarter to Rs 216.9 crore. The company was s
Read MoreMerchandise trade: Exports see 27.6% YoY jump in March; 7th straight gain
Merchandise exports jumped as high as 27.6 per cent in March from a year before ? growing for a seventh straight month even in the aftermath of demone
Read MoreRBI tightens screws on banks with stricter PCA guidelines
The Reserve Bank of India (RBI) on Thursday proposed stricter prompt corrective action (PCA) guidelines for banks and laid out a three-tier structure
Read MoreMTR Foods eyes Rs 1,000-crore revenue in CY17
Bengaluru-based MTR Foods today said it expects to cross Rs 1,000-crore revenue mark in the current calendar year on the back of new initiatives such
Read MoreInfosys Q4 results: Infy needs to make a major acquisition
Infosys Ltd's results for the fourth quarter of fiscal 2017-18 and the full year are in and the numbers don't look pretty. After the initial euphoria
Read MoreAmazon India gets RBI nod for mobile wallet
Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to comp
Read MoreAirplane maker ATR signs $536 million, 20-aircraft deal with Iran
European airplane manufacturer ATR said today it sealed a USD 536-million sale with Iran Air for at least 20 aircraft, the latest aviation firm to str
Read MorePublic investors make big bucks on D-Street even after PE exits
Private equity investors make big money in IPO exits. This is well known. But what is less known is that retail and other investors have also been mak
Read MoreRBI: Tri-party agents need Rs 25-crore net-owned funds
The Reserve Bank of India (RBI) on Tuesday released draft guidelines for tri-party repo and said that to be a tri-party agent, one needs to have a min
Read MoreIndia could get $15 bn FPI inflows this year: Atul Mehra, JM Financial
Atul Mehra, managing director, JM Financial , which topped the league table on both M&A and capital markets for fiscal ended March 2017, says he belie
Read MoreIndia Inc's March M&A deal tally jumps 4-fold to $28 billion
India Inc's M&A deal tally in March rose four-fold to $27.82 billion, led by the Vodafone-Idea merger, taking the overall figure to $31.54 billion in
Read MoreU.S. Budget Gap Reaches $176.2 Billion in March: Treasury
The U.S. annual budget deficit remained near its highest level in three years during March amid flat government revenues and higher federal spending.F
Read MoreUK wage growth slows as higher inflation starts to bite
The number of people unemployed fell by 45,000 to 1.56 million in the three months to February, said the Office for National Statistics (ONS).Average
Read MoreChina's economic picture brightens as trade data tops forecasts, Donald Trump softens tone
China's 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and U.S. President Donald Trump
Read MoreIndividuals could cover exchange rate risk up to $30 million: RBI draft guidelines
Resident or non-resident individuals could cover their exchange rate risk up to $30 million both in exchange traded and over-the-counter platforms cut
Read MoreTax collections under GST will take a hit in first year: Hasmukh Adhia
Tax buoyancy is likely to take a hit under the Goods and Services Tax (GST) regime with the government predicting a "very modest" 8-9 per cent growth
Read MoreService tax may move up from 15% to 18% under GST: Revenue Secretary Hasmukh Adhia
Services sector is likely to attract a higher tax rate of 18 per cent from the current 15 per cent under the Goods and Services Tax (GST) regime, thus
Read MoreFor banks, asset quality pressure likely to continue this fiscal: ICRA
Asset quality woes of the banking sector are likely to continue this fiscal (FY18) even as fresh non-performing asset (NPA) generation rate continues
Read MoreWith rules tightened, further consolidation seen in ARC space
The market share of top five asset reconstruction companies (ARCs) will consolidate further and smaller ARCs may merge with larger rivals, or they cou
Read MoreRBI proposes simplified forex hedging facility
Reserve Bank of India on Wednesday unveiled draft guidelines relating to simplified hedging facility for resident entities with foreign currency expos
Read MorePharma exports down marginally in 2016-17: Pharmaexcil
Pharmaceutical exports decreased marginally to an estimated $16.4 billion during the financial year ended March 31, 2017."There was no growth in pharm
Read MoreOil India arm raises $500 million
Public sector Oil India has raised $500 million through an offshore issue of fixed rate notes through its Singapore registered subsidiary. In an offic
Read MoreSagar Cements to invest 28 crore in captive power project
Sagar Cements Ltd will be investing an additional 28 crore in the ongoing captive power production project and a new solar power plant.?With this, the
Read MoreAustralian storm may fuel steel price hike in India
With the price of coking coal doubling in the past 10 days, steel in India is set to become dearer.Coking coal is now priced at $300 a tonne and expec
Read MoreIMF leader Lagarde warns against trade protectionism
The head of the International Monetary Fund said Wednesday that after six years of disappointing growth, the world economy is finally gaining momentum
Read MoreOPEC sees rivals' oil output rising as it over-delivers on cuts
OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its e
Read MoreIndia Gold Imports Said to Jump 582% on Festival, Wedding Demand
Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a demand recovery dur
Read MorePortfolio managers' assets up 18% to Rs 12.30 lakh cr in FY17
The assets handled by portfolio managers have surged by a staggering Rs 1.85 lakh crore to Rs 12.30 lakh crore at the end of the past fiscal, mainly o
Read MoreCorp bond issuances grow more than 20% in FY17
Issuances in the corporate bond market grew more than 20% in FY17 as lower costs weaned away borrowers from more expensive bank loans. Corporates and
Read MoreFlat solar power tariff drops to all time low of Rs 3.15 per unit
The levelised solar power tariff has dropped to all time low of Rs 3.15 per unit in an auction of a 250 MW project at Kadapa in Andhra Pradesh.Earlier
Read MoreManufacturing pulls down factory output, IIP dips 1.2 per cent in February
Industrial output slipped to 4-month low, contracting 1.2 per cent in February, mainly on account on decline in the manufacturing sector and lower off
Read MoreCentre?s fiscal deficit must be 3% for FY18-20, 2.5% by FY23
The Centre should aim for a fiscal deficit of 3% of GDP for three straight years starting the current financial year itself and gradually reduce it to
Read MoreHUL goes back to the core to focus on goal; may cut jobs too
The country?s largest consumer goods company Hindustan Unilever (HUL) is expected to take a multi-pronged approach to parent Unilever?s mandate to boo
Read MoreRBI allows bond substitution
Mumbai The Reserve Bank of India (RBI) on Wednesday allowed banks to replace securities they pledge to borrow money in the term repo window. This was
Read MoreBengal Chemicals posts profit after 63 years
After 63 years, Bengal Chemicals and Pharmaceuticals (BCPL) has posted an annual profit, of Rs 4 crore, in the financial year 2016-17 (FY17).In 1977,
Read MoreAppreciating rupee erodes margins of textile exporters
The currency has appreciated more than 5% against the US dollar in 2017, much more than some of its competing peers. In a four-part series, Business S
Read MoreNon-Tax Receipt Portal (NTRP), Controller General of Accounts
Non-Tax Receipt Portal (NTRP) - a one-stop window to citizens / corporates / other users for making online payment of Non-Tax Revenue payable to Gover
Read MoreOnline cab aggregator Ola to sell $250 mn worth stake to take on fierce rival Uber
Online taxi aggregator Ola has firmed up plans to raise $250 million from existing investors, in a bid to take on multinational rival Uber. According
Read MoreAdvanced economies could have expanded 5%, if productivity hadn?t tanked: IMF chief
IMF Managing Director Christine Lagarde said Wednesday advanced economies could be about 5 percent higher today, if productivity had maintained its pr
Read MoreBitcoin value rises over $1 billion as Japan, Russia move to legitimize cryptocurrency
Bitcoin is up nearly $100 in the past week, hitting levels not seen since mid-March after Japan legalized the cryptocurrency as a payment method and R
Read MoreFoxconn willing to pay $27 billion for chip business
Toshiba and the Japanese government want to sell the company?s semiconductor business to a domestic buyer, but foreign bidders are proving more determ
Read MorePetrol, diesel prices to change every day from May 1
Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. State-ow
Read MoreDollar at 5-month lows vs yen on rising geopolitical tensions
The dollar languished at a five-month low versus the yen early on Wednesday, as simmering geopolitical tensions checked risk appetite and put the safe
Read MoreBOJ's Kuroda says weak yen may quicken achievement of inflation goal
Bank of Japan Governor Haruhiko Kuroda said on Wednesday further yen declines may help the central bank achieve its 2 percent inflation target more qu
Read MoreChina March producer inflation cools for first time in seven months on steel glut fears
China's producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, pressured by fears that Chine
Read MoreAustralian consumers fret on economic outlook
A measure of Australian consumer sentiment inched lower in April as worries about the economic outlook overshadowed growing optimism about the state o
Read MoreAll tax data will be completely secure, GST Network assures India Inc
GST-Network ? the firm which is building the IT backbone of the Goods and Services Tax regime ? today assured stakeholders that all their data will be
Read MoreUnder GST, if a person abstains from a service, he is still liable to pay!
The Goods and Services Tax has been hailed as a ?game changer? but there are concerns being raised from various quarters on its implementation. Accord
Read MoreNABARD to raise Rs 50,000 crore this fiscal
Agriculture lender Nabard plans to raise Rs 50,000 crore in the current fiscal, up from Rs 40,000 crore it raised in 2016-17 as it aims to achieve the
Read MoreIndia-UK FTA will mark 26% increase in bilateral trade
A free trade agreement (FTA) between India and the UK will increase bilateral trade by 26 per cent per annum, according to a new Commonwealth report.
Read MoreRBI had its 'carpe diem' moment on April 6: HSBC
The Reserve Bank "killed several birds with one stone" in its policy meet on April 6 by not sucking out excess liquidity with its permanent tool like
Read MoreParticipatory notes back after amended tax treaties, GAAR bring laws close to international norms
P-notes are overseas derivative instruments with Indian stocks as their underlying assets. The increasing interest in P-notes is also the result of ma
Read MoreBSNL to invest Rs.400 cr in 3G, 4G networks in AP, Telangana
BSNL will invest Rs.400 crore this financial year in upgrading its mobile network and other equipment.Besides establishing 4G tower network in Andhra
Read MoreToshiba reports unaudited results
Toshiba Corp., whose US nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings Tuesday and projected
Read MoreToyota invests $1 billion in Kentucky plant
In January, Toyota announced an expansion of the Princeton plant. The automaker will produce an additional 40,000 SUVs each year. Now, Toyota is inve
Read MoreDomestic steel companies focus on exports to enhance revenues
Domestic steel producers will continue to focus on exports on the back of increased competitiveness in the global market and fluctuating demand back h
Read MoreU.K. Inflation Rise Takes Easter Break as Rate Stays at 2.3%
U.K. inflation?s upward trajectory paused in March as the timing of Easter led to a drop in airfares, offsetting increases in the price of food and cl
Read MoreHigher oil prices pushes up excise collection from city 27%
Driven by higher excise collection from oil products, the revenue mop-up from the Mumbai Central Excise zone jumped 27 per cent to Rs 63,190 crore in
Read MoreGold prices take comfort from global cues, edge up to Rs29,350
A mix of positive global indicators and pick-up in local demand because of wedding season rush gave some comfort to gold as prices recovered Rs60 to R
Read MoreMFs see record Rs 3.43 lakh cr inflow in FY'17
Investors pumped in a record Rs3.43 lakh crore in mutual funds (MFs) in 2016-17, mainly into income and liquid schemes.According to the Association of
Read MorePost note ban, Nabard sanctions Rs 20k cr more to cooperative banks, societies
Post demonetisation, agricultural lender Nabard has sanctioned an additional amount of Rs 20,000 crore to cooperative banks and societies, to provide
Read MoreAsian Nations Swimming in Debt at Risk From Fed Rate Hikes
Twenty years after the Asian financial crisis and a decade since the global credit crunch, the region is swimming in debt. The debt binge is spread ac
Read MoreBonds snap 3-day losing streak on foreign flows
Indian government bonds snapped a three-day losing streak and rallied briefly on Tuesday on the back of continued foreign investments in Indian debt a
Read MoreNon-food credit growth at six-month high of 9.57 per cent
Non-food credit grew at a six-month high rate of 9.57% year-on-year (y-o-y) in the fortnight ended March 31 with outstanding loans to companies and in
Read MoreCairn India-Vedanta merger completed
Vedanta Limited and Cairn India in a statement on Tuesday said that the proposed merger of the companies has become active. The date for determining t
Read MoreTata Power FY17 losses may touch Rs 900 crore
Tata Power?s 4,000 MW Ultra Mega Power Plant (UMPP), which uses imported coal from Indonesia, is currently suffering an under-recovery of 40 paise/uni
Read MoreMahindra & Mahindra, SsangYong to develop electric SUVs by 2020
Mahindra & Mahindra Ltd and its Korean unit SsangYong Motor Co plan to jointly develop a platform to manufacture electric sport-utility vehicles (SUV)
Read MoreReliance Defence FY2017 loss narrows to Rs577.22 crore
Reliance Defence and Engineering Ltd has reduced its consolidated loss to Rs577.22 crore for the year ended March, 2017.The company had posted a loss
Read MoreRs 7.57 lakh cr farm credit disbursed in Apr-Dec of FY16
Farm credit worth Rs 7.57 lakh crore was disbursed by banks during the first nine months (Apr-Dec) of the 2016-17 fiscal which is likely to surpass th
Read MoreEPFO likely to hike wage threshold to Rs 25,000/month, set to add 50 lakh to total subscribers count
The Central Board of Trustees (CBT), the highest decision-making body of the Employees? Provident Fund Organisation (EPFO), is likely to give the go-a
Read MoreNotification No. 12/2017-Customs (ADD)
Seeks to levy anti-dumping duty on the imports of ???Linear Alkyl Benzene??? originating in or exported from Iran, Qatar and People???s Republic of Ch
Read MoreNotification No. 13/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of ???Flexible Slabstock Polyol??? originating in or exported from Thailand for a period of five
Read MoreNotification No.36/2017 Customs (N.T.)
Notification No.36/2017 Customs (N.T.) - [F.No.450/198/2015-Cus IV]
Read MoreNotification No.34/2017 Customs (N.T.)
Notification No.34/2017 Customs (N.T.) - F.No.437/103/2014-Cus IV]
Read MoreCircular No.14/2017-Customs
Delayed, incomplete or incorrect filing of Import menifest
Read MoreCBDT allots PAN and TAN in a day for ease of doing business
In another move to improve ease of doing business in India, the Income Tax Department has tied up with the Corporate Affairs Ministry (MCA) to issue P
Read MoreGeneral Insurance industry grows 32% in FY 17
General insurance industry is likely to grow by 32% in the financial year 2016-17, aided by demand for crop insurance and pick-up in motor sales. Duri
Read MoreIrda issues cyber security norms of insurers
The Insurance Regulatory and Development Authority of India has asked insurance companies to have board approved information/cyber security policy by
Read MoreAustralia business activity jumps to decade-high in March - NAB
A measure of Australian business conditions jumped in March to highs not seen since before the global financial crisis with sales, profits and employm
Read MoreUK inflation rate remains at 2.3%
UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares.The Office for National Statistics (ONS) sa
Read MoreDollar edges down as U.S. Treasury yields slip on geopolitical fears
The dollar fell in Asian trading on Tuesday, as concerns over tensions with North Korea and Syria weighed on U.S. Treasury yields and offset expectati
Read MoreIndia?s fuel consumption grows at slower rate of 5% in FY17
India?s fuel consumption grew at a slower rate of 5 per cent in the last fiscal ended on March 31 as diesel demand slowed. The world?s third largest o
Read MoreBrazil currency, stocks seesaw on reform doubts
Brazil?s currency and stocks seesawed on Monday, reflecting uncertainty over the passage of a proposed pension reform and the impact of sliding iron o
Read MoreFederal Reserve Chair Janet Yellen says economy close to achieving Federal goals
Federal Reserve Chair Janet Yellen said Monday that the central bank is close to achieving its goals on employment and inflation. Her remarks could be
Read MoreMinistry of New and Renewable Energy plans to push auction route for wind power
HomeEconomy Ministry of New and Renewable Energy plans to push auction route for wind power Ministry of New and Renewable Energy plans to push auction
Read MoreCentre releases Rs 23,000 crore for Mahatma Gandhi National Rural Employment Guarantee Scheme
The Centre has released Rs 23,443 crore to the states under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) as part of the its
Read MoreIndian companies to invest $9 billion in Bangladesh energy projects
Energy is now at the vanguard of New Delhi's biggest business commitments in its neighbourhood, with power and gas leading the $9-billion investment p
Read MoreInflation seen edging up closer to RBI's mid-term target
India's inflation is seen climbing to within touching distance of the central bank's 4 percent medium-term target in March, driven by higher food cost
Read MoreCircular No. 205/3/2017-ST
Extension of e-payment deadline and of banking hours
Read MoreCircular No. 1054/13/2017-CX
DTA clearance of goods procured by EOUs/EHTP/STP units from indigenous sources - charging of Duty
Read MoreCircular No.13/2017-Customs
DTA clearance of goods procured by EOUs/EHTP/STP units from indigenous sources - charging of Duty
Read MoreNotification No.33/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 7th April, 2017
Read MoreNotification No. 12/2017-Customs
Seeks to amend Notification No.12/2012-Customs, dated the 17th March, 2012, so as to allow duty free import of raw sugar upto a quantity of 5 lakh MT
Read MoreNotification No.RBI/2016-17/273
Setting up of IFSC Banking Units (IBUs) ? Permissible activities
Read MoreNotification No.RBI/2016-17/272
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/271
Systems and Controls for conduct of government banking
Read MoreNotification No.RBI/2016-17/270
Change in Bank Rate
Read MoreNotification No.RBI/2016-17/269
Marginal Standing Facility
Read MoreNotification No.RBI/2016-17/268
Liquidity Adjustment Facility ? Repo and Reverse Repo Rates
Read MoreNotification No.RBI/2016-17/267
Interest rates for Small Savings Schemes
Read MoreReal estate sector gets 19 investments worth $3.4 billion in first quarter
Indian real estate is now becoming way more attractive to investors ? both foreign and domestic ? than ever before, thanks to changes in regulatory fr
Read More70% of all goods and some consumer durables to become cheaper under proposed GST regime
A number of goods such as cosmetics, shaving creams, shampoo, toothpaste, soap, plastics, paints and some consumer durables could become cheaper under
Read MoreRupee may surge to 63/$ in a month, hopes of first sovereign rating upgrade in over 6 years: ET Poll
Industry must be prepared for a stronger rupee in the coming months as a cocktail of economic and political factors revive hopes of a sovereign rating
Read MorePanasonic, Tata Elxsi to set up R&D unit in Bengaluru
Consumer electronic major Panasonic today said it will set up an R&D unit in Bengaluru in association with Tata Elxsi to strengthen its appliances bus
Read MoreNalco readies Rs 25,000-crore investment for expansion
National Aluminium Company (Nalco), a central government-owned entity, is set to join the club of million-tonne producers in the segment by 2020. It h
Read MoreIndia & Australia commit to begin uranium exports, hold talks on trade pact
India and Australia on Monday committed to begin the commercial exports of Uranium from Australia as well as hold an early round of talks on the propo
Read MoreLok Sabha passes amendments to Motor Vehicles Act that includes heavy fines for traffic violators
The Lok Sabha on Monday passed the Motor Vehicles (Amendment) Bill, 2016, which seeks to ?save lives? by bringing in a number of reforms to the Motor
Read MoreRBI may go for 25 bps rate cut in August: BofAML
The monetary policy committee of the Reserve Bank of India (RBI) is expected to cut policy rates by 25 basis points (bps) in August on weak growth and
Read MoreGTL Infra gears up for sale as tower business consolidation picks up
It?s raining mergers and acquisitions (M&As) in the Indian telecom tower sector. Within days of Bharti Infratel selling a 10.3 per cent stake for Rs 6
Read MoreAT&T bets on 5G with Straight Path Communications buy for $1.25 billion
AT&T Inc (T.N) said on Monday it would buy Straight Path Communications Inc (STRP.A), a holder of licenses to wireless spectrum, for $1.25 billion in
Read MoreInvestors exit gold ETFs, withdraw Rs 775 crore in FY17
Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 775 crore from the instrument in the last fiscal, making it the
Read MoreIndia Oil Demand Shrinks 3rd Month Amid Demonetization Drag
India?s oil consumption fell for a third straight month, with the use of bitumen and naphtha declining and diesel demand growth flat, amid the continu
Read MoreAt Rs 94,421 cr, net inflows into equity funds highest in 10 years
Net inflows into equity funds for the financial year 2016-17 stood at Rs 94,421 crore, the highest in last ten years. Continuous participation from re
Read MoreAxis Bank cuts base rate by 10 bps
Private-sector lender Axis Bank on Monday trimmed its base rate by 10 basis points (bps) to 9.15%. The cut follows those by State Bank of India (SBI),
Read MoreE-tailers may be shutting down, but e-commerce market in India may log 17.8% growth in 2017-18
Despite facing various challenges including shutdown of a few e-tailing firms, the size of the domestic e-commerce market, which stood at $28 billion
Read MoreIndia?s steel industry posts 11 per cent growth in 2016-17 production
India?s steel sector posted a robust 11% growth in production in 2016-17 at 101.2 MT even as domestic consumption remained anaemic mainly due to poor
Read MoreFlipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India
India?s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.,
Read MoreGlobal IT spending to grow 1.4% in 2017: Gartner
Global IT spending is projected to total $3.5 trillion in 2017 -- a 1.4 per cent increase from 2016, market research firm Gartner said on Monday. The
Read MoreMF inflows in stocks drop 27 per cent to Rs 51,000 cr in FY17
Mutual fund managers' investment in equities declined by 27 per cent to over Rs 51,000 crore in 2016-17 due to volatility in stock markets. However, f
Read MoreHome-grown PE firm True North acquires Religare Health Insurance for Rs 1,300 crore
Religare Enterprises Ltd (REL), promoted by Malvinder and Shivinder Singh, is selling its entire 80% stake in Religare Health Insurance Co (RHI) to a
Read MoreChina, India lead Asia-Pacific energy mergers and acquisitions deals in 2016
The Asia-Pacific witnessed a record year in terms of mergers and acquisitions in the energy space, with 198 transactions valued at $77.6 billion in 20
Read MoreFlipkart raises $1.4 bln from Tencent, eBay and Microsoft, acquires eBay India
Flipkart on Monday said Tencent, eBay and Microsoft have made investments aggregating to $1.4 billion in the company. The latest funding round from th
Read MoreGlobal Economy Week Ahead: U.S. and U.K. Inflation, China Trade
This week, inflation data from the U.S. and U.K. will help show if the trend of firming prices in those countries has legs, and China is expected to p
Read MoreThere?s more than 60% chance of a global recession within the next 18 months, economist says
Global growth is expected to slow down significantly in the coming months as borrowing levels dominate in both China and Europe and "Trump-mania" is s
Read MoreUS Fed could end reinvestment policy this year: Fed's Bullard
The US Federal Reserve could begin winding down its massive balance sheet sometime later this year in a shift that would make it less necessary to rai
Read MoreDalian Wanda to invest $10 bln in China healthcare hub
Dalian Wanda Group Co Ltd will invest 70 billion yuan ($10 billion) in a health park in China's southwest, the firm said in a statement sent to Reuter
Read MoreRevenue growth likely to recover, driven by pricing
At an aggregate level, FMCG growth will see a strong recovery not only from Q3 which was impacted by demonetisation but also from the levels seen in Q
Read MorePremium for family floats cheaper than for individual policies
Premium for family floater cheaper than that of individual policies for each member l For my family?myself (42 years), wife (36 years) and daughter (8
Read MoreRailways clocked best-ever numbers in some segments; road projects too, says Edelweiss
Financial year 2017 witnessed good performance by both the railway and road segments. News reports indicated that as far as the freight business is co
Read MoreIndia, Australia ink 6 pacts; to boost counter-terror cooperation
India and Australia today inked six pacts including one aimed at boosting counter-terrorism cooperation after talks between Prime Minister Narendra Mo
Read MoreIREDA finances Rs 10,000 crore green projects during 2016-17
The Indian Renewable Energy Development Agency increased its financing of green energy projects considerably in 2016-17, crossing the milestone of Rs
Read MoreRBI may go for 25 bps rate cut in August
The monetary policy committee of the Reserve Bank of India is expected to cut policy rates by 25 bps in August on weak growth and benign inflation, sa
Read MoreThe Fed is watching Wall Street swings
William Dudley , president of the Federal Reserve Bank of New York, has long believed that Fed policymakers should pay more attention to stock market
Read MoreFPIs pour in $2.45 billion in just four trading sessions
Foreign investors have pumped in a staggering USD 2.45 billion in capital markets in the last four trading sessions on the back of improved investor s
Read MoreNBFCs ride IPO rush as demand for funds soars
Non Banking Finance Companies (NBFCs) have seen a surge in their IPO financing business as record bids for initial public offerings (IPO) have led to
Read MoreBracing for the indirect tax regime: E-tail firms get GST ready
For e-commerce entities, the next few weeks would be tiring. They?re race against time to equip themselves for the goods and services tax (GST) regime
Read MoreMumbai zone misses income tax collection target of Rs 2.79 lakh cr in FY17
The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whis
Read MoreBusiness confidence hits record high with firms upbeat on economy: CII
With companies being optimistic that economic activities will gather pace this year, the Confederation of Indian Industry (CII) business confidence in
Read MoreIndia, Bangladesh to sign investment pacts worth $9 billion
Agreements and memoranda of understanding (MoUs) worth $9 billion of investments into Bangladesh will be signed between the Indian public and private
Read MoreInfosys results may stumble on global headwinds, rupee rally
Infosys, a bellwether for India?s information technology services industry, is expected to forecast single-digit growth for financial year 2017-18 (FY
Read MoreMother Dairy turnover up 9% at Rs 7,850 crore in FY17
Mother Dairy's turnover grew by 9 per cent in the last fiscal to about Rs 7,850 crore helped by better sales in value-added dairy products and edible
Read MoreEnergy giant Cairn faces Rs 10,000-crore tax pain
In a blow to energy giant Cairn, the income tax (I-T) department has asked the Edinburgh-based company to pay dues of Rs 10,247 crore by June 15. It h
Read MoreBhushan Steel gets S4A-ready, submits final proposal to banks
One of the biggest corporate debt restructuring programmes could kick off if leading public sector banks admit New Delhi-based Bhushan Steel into the
Read MoreGold imports shrink 24% to $23 billion in Apr-Feb FY17
India's gold import witnessed a fall of about 24 per cent to USD 23.22 billion in April- February period of the last fiscal, which is expected to keep
Read MoreAt Rs.30,906 cr, FII equity-buy in March is highest ever
In sync with the jump in benchmark equity indices, foreign institutional investments into the India?s stock markets have been at record highs.Buying e
Read MoreChina's economy to grow by 6.8% in Q1
China's economy will remain solid in the first quarter of 2017, growing 6.8% from a year earlier, Goldman Sachs forecast.Goldman Sachs expected China'
Read MoreReligare to exit Religare Health Insurance for Rs 1,040 cr
Religare Enterprises will sell its entire 80 per cent stake in Religare Health Insurance to a consortium of investors led by private equity fund True
Read MoreIndia Inc Q4 outlook: Demonetisation, rising rupee, weak demand to restrict earnings to single digits
The lagged effects of demonetisation, an appreciating rupee, a weak demand and investment environment and a slight rise in raw material costs will res
Read MoreLoans, card payments above Rs 2 Lakh in cash to be shown in ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in t
Read MoreQ4 outlook tempered: Single-digit growth seen despite good show by banks
The lagged effects of demonetisation, an appreciating rupee, a weak demand and investment environment and a slight rise in raw material costs will res
Read MoreTorrent close to buying women healthcare portfolio of Swiss pharma major Novartis
Ahmedabad-based drug maker Torrent PharmaceuticalsBSE -1.78 % is close to finalising a deal to acquire domestic women healthcare portfolio of Swiss ph
Read MoreHandset companies may gain under GST too
he government appeared to be working towards creating alternative solutions to continue duty differential such that making mobile phones in India rema
Read MoreIndia Inc may need to pay more for short-term credit
Corporate India's working capital expenses will likely climb after the central bank's move to narrow the policy corridor between two key rates hardene
Read MoreWealth Managers Cash in on Growing List of Millionaires
Raghav Gupta left his cushy job as director of private banking at Citi to join ASK Wealth Advisors as a managing partner in August last year. He now a
Read MoreTelangana to double solar capacity by March next
Telangana is set to come out with a new wind and hybrid solar-wind energy policy frameworks to provide impetus to the rapidly expanding renewable ener
Read MorePower project costs rise as delays plague construction
Delays in construction of power projects ? a common feature in practically every project under implementation ? is costing the country dear. Consequen
Read MoreGST: NBFCs pitch for full input tax credit on lease transactions
The Finance Industry Development Council (FIDC) has urged the government to allow NBFCs to avail 100 per cent input tax credit on lease transactions i
Read MoreIsrael signs $2-billion missile deal with India
Israel has signed a nearly $2-billion deal with India to supply advanced missile defence systems, bolstering bilateral military ties, under a contract
Read MoreGovt examining report on shifting of financial year: Jaitley
Finance Minister Arun Jaitley said that the government was examining the report of a committee that had recommended a change in the financial year sta
Read MoreIndia, UK to focus on energy efficiency
India and the UK have defined energy efficiency and deployment of renewable energy as priority areas under the Memorandum of Understanding on Cooperat
Read MoreTractor industry weathers note ban storm to post double digit growth
Despite the effects of demonetisation, the domestic tractor industry managed to end the fiscal 2016-17 with a double-digit growth in sales, which come
Read MoreCentre to meet state agri ministers next week to discuss farm reforms
To develop a pan-India common agriculture market which would help growers get a better price for their produce, the Central government along with the
Read MoreBond yields rise, rupee strengthens a day after monetary policy
Bond yields have started moving up after the Reserve Bank of India (RBI) tightened its rate corridor on Thursday. Some market participants said they e
Read MoreChange of guard at L&T: Subrahmanyan to be CEO from July
Engineering conglomerate Larsen & Toubro (L&T) on Friday paved way for S N Subrahmanyan to take charge as the group?s managing director and chief exec
Read MoreExports only way out to get rid of unsold CVs, says Icra
The Supreme Court (SC) order of banning BS-III vehicles' sales two days before the actual implementation of new emission norms has left the commercial
Read MoreM&As grow in consumer durables sector
The Indian consumer durables sector is witnessing a consolidation with companies such as Havells, Voltas and private equity firms bidding for Videocon
Read MorePM Modi to vet rates ahead of GST Council meet
Prime Minister Narendra Modi is likely to chair a meeting of government officials early next week to review the fitment of items in tax slabs before t
Read MoreAmerica?s Retailers Are Closing Stores Faster Than Ever
The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors.A
Read MoreBrexit: Mark Carney urges banks to prepare for all potential outcomes
Bank of England Governor Mark Carney urged banks to get contingency plans in place for all potential Brexit outcomes, in comments a week after the Gov
Read MoreChina Tech Investment Flying Under the Radar, Pentagon Warns
China is investing in Silicon Valley start-ups with military applications at such a rapid rate that the United States government needs tougher control
Read MoreIndia Rising as Steelmakers to Beat Japan in Global Rankings
India is poised to dislodge Japan to become the world?s second-largest steelmaker as mills ramp up production to record levels to feed growing demand
Read MoreGerman output surges as industry enjoys 'extraordinary' start to year
German industrial output surged in February and the trade surplus swelled as the engine room of Europe's largest economy fired on all cylinders to sat
Read MoreJob Growth Loses Steam as U.S. Adds 98,000 in March
After two months of stellar job creation that convinced administration officials that President Trump?s policies were paying off immediately, employer
Read MoreSamsung Withstands Scandals to Report Higher Profit, Revenue
QuickTake Samsung leads the global semiconductor market, which is largely divided into DRAM and NAND sectors. While investment from Chinese companies
Read MoreLyft valued at $7.5 billion in new funding round
Ride services company Lyft Inc has nearly completed a funding round of at least $500 million, valuing the company at $7.5 billion, according to a sour
Read MoreIran said to cut benefits on oil sales to India?s IOC, MRPL after reduced import
Iran will cut some benefits to Indian state-run refiners on crude purchases after New Delhi decided to reduce the amount of oil it buys from the Persi
Read MoreWeak growth in US business to hit Indian pharma sector
We expect another muted quarter for the pharma sector on the back of weak growth in US business due to competition and pricing erosion. Inspection sta
Read MoreBond Investors Brace for Hawkish RBI After Patel's Surprise
The Reserve Bank of India?s surprise move to raise the interest rate it uses to drain excess funds from lenders is being seen as a sign of things to c
Read MoreIndirect tax collection: All you want to know about stuck cases and rejected appeals
The government?s indirect tax collection has been growing steadily over the years. Indirect taxes accounted for 5.2% of GDP and 48.8% of gross tax rev
Read MoreFlipkart to follow Amazon Now, enter e-grocery market, CEO Kalyan Krishnamurthy says will ?expand offerings further?
Post the entry of Amazon India into the e-grocery business with Amazon Now, home-grown e-tailor Flipkart is also looking at re-entering the e-grocery
Read MoreTax evasion in India: Rs 1.4 lakh cr hunted down in 3 years, says CBDT
The Central Board of Direct Taxes (CBDT), the policymaking body of the income tax department, on Friday said that various law enforcing agencies have
Read MoreStock market spreads cheer; at Rs 1.92 tn, India?s market-cap is at record high
With stocks rallying to record peaks and the rupee appreciating to a 20-month high on the back of $13 billion moving into the stock and bond markets t
Read MoreIndian power majors to hawk masala bonds in UK for $1 billion this fiscal
State-run power companies will raise nearly $1 billion (roughly Rs 6,400 crore) through 'masala bonds' in the UK during this fiscal, minister for powe
Read MorePink slips for 600 as Reliance Communications trims fat
Reliance Communications (RCom) has laid off over 600 roles in an ongoing effort towards a leaner organisation, people familiar with the matter said. T
Read MoreRBI proposes long-term finance banks for funding to infrastructure & core industries
A Reserve Bank of India (RBI) discussion paper has proposed setting up of long-term finance banks, especially to fund infrastructure and greenfield pr
Read MoreDemonetisation: Rs 500, Rs 1,000 notes truly dead as Finmin refuses to extend ?grace period?
The government on Friday told the Supreme Court that no more opportunity can be given for depositing scrapped `500 and `1,000 currency notes in banks.
Read MoreStartups offer credit lines for cab rides, movie shows
Sheeba Muskaan, a 20-yearold college student in Bengaluru, often runs out of money her parents put in her bank account every month, and she has not go
Read MoreNotification No. 28/2017
[Notification No.28/2017, F.No.370142/10/2017-TPL)
Read MoreNotification No. 27/2017
[Notification No. 27/2017/F. No. 370142/32/2017-TPL]
Read MoreNotification No. 26/2017
[Notification No. 26/2017 /F. No. 370142/3/2017-TPL]
Read MoreCentral Railway to save Rs 2,500 cr after pact with RGPPL
?The PPA was signed in November 2015 for 50 traction sub-stations located in Maharashtra? (Reuters)Central Railway is expected to save Rs 2,500 crore
Read MoreEmami Group expands edible oil footprint to north, west markets
Emami Group expanded its edible oil ?Emami Healthy & Tasty? to the northern and western regions and is targeting to become a Rs 5,000 crore brand in t
Read MoreFed can start unwinding stimulus this year: Williams
It would make sense if the U.S. economy continues to grow for the Federal Reserve to begin trimming its $4.5 trillion balance sheet toward the end of
Read MoreDemonetisation impact: PoS devices likely to grow at CAGR of 30% in 5 year
Post-demonetisation, point of sale (PoS) transactions have risen manifold and number of devices installed in the country is likely to grow at a CAGR o
Read MoreNeed for Indian manufacturers to move up value chain: Niti Aayog CEO Amitabh Kant
Indian manufacturers need to move up the value chain and grab a share of the growing market of global luxury items, Niti Aayog CEO Amitabh Kant said t
Read MoreSebi provides clarity on insider trading norms
Sebi has said that insider trading regulations would be applicable on all "connected persons" and not just on persons designated by the board of a com
Read MoreInfrastructure sector sees deals worth $3.49 billion in FY17
The infrastructure sector raised a total of $3.49 billion across 33 transactions in FY17 compared with $2.98 billion raised in 31 transactions in FY16
Read MoreGlobal M&A rises 8.9% as deals touch $678 bn in Jan-Mar: Mergermarket
Global merger and acquisition activity got off to a good start this year with deals worth $678.5 billion announced in the first quarter, a rise of 8.9
Read MoreRBI intends to bring excess liquidity to neutral position
Using conventional and unconventional instruments, the Reserve Bank of India intends to bring excess liquidity to the neutral position. These measures
Read MoreSamsung tips best quarterly profit in over three years as chips soar
Samsung Electronics Co Ltd forecast on Friday its best quarterly profit in more than three years in the January-March period, beating expectations and
Read MoreLG Elec says Q1 operating profit likely up 82 percent
South Korea's LG Electronics Inc estimated on Friday its first-quarter operating profit rose 82 percent from a year earlier, beating market expectatio
Read MoreAsian currencies set to slip over next year on tighter Fed policy
Emerging Asian currencies are expected to lose ground in the year ahead as monetary tightening from the Federal Reserve gathers pace, but uncertainty
Read MoreUK industrial output shrinks unexpectedly in Feb, adding to signs of slowdown
British industrial output fell unexpectedly in February and manufacturers struggled, according to official data on Friday that added to signs economic
Read MoreMarch quarter PE fundraising likely to cross $90 billion
Private equity firms saw record fundraising activity since the global financial crisis in the first three months of 2017, with a total of 175 global p
Read MoreONGC sees its gas output hitting 5-year high in fiscal 2018
Oil and Natural Gas Corp (ONGC.NS) expects its natural gas production to reach a 5-year high in the current fiscal year following the start-up in comi
Read MoreTata company Voltas eyes Videocon's home appliances brand Kenstar
Engineering services provider and airconditioner maker Voltas, a part of the Tata Group, is evaluating a bid for Kenstar, the home appliances brand ow
Read MoreSBI bad loans balloon, post-merger provisioning may rise
State Bank of India?s bad loans have ballooned approximately 50 per cent in the span of a year and those of its five associate banks by 170 per cent.
Read MoreDeadline for bank savings account holders to give PAN extended to June 30, 2017
The finance ministry has extended the time limit for providing Permanent Account Number (PAN) or Form No. 60 by bank account holders who have not give
Read MoreOil price jumps after US strike on Syria
The price of oil has hit its highest level for a month in response to the US military's missile attack on a Syrian government airbase.The price of Bre
Read MoreAsian Development Bank extends $175-million loan to Power Grid Corporation
The Asian Development Bank has extended a $175-million loan to public-sector undertaking Power Grid Corporation of India Limited (PGCIL).An official s
Read MoreGerman Factory Orders Rebound In February
Germany?s factory orders rebounded in February on domestic demand amid flat foreign orders, data published by Destatis showed Thursday.Factory orders
Read MoreGold falls Rs 125 on weak global cues, easing demand
After rising for three straight days, gold drifted lower by Rs 125 to Rs 29,275 per 10 grams today on weak global cues amid fall in demand from local
Read MoreCentral bank allows lenders to invest in REITs & InvITs
The Reserve Bank of India on Thursday allowed banks to invest in real estate investment trusts (REIT) and infrastructure investment trusts (InvIT), a
Read MoreRupee scales 20-month high on RBI's growth outlook
Keeping its bullish wave intact, the rupee today soared to a near 20-month high of 64.52, firming up by another 35 paise against the US dollar on mass
Read MoreNEFT transfers to be faster as RBI cuts clearance time
The Reserve Bank of India (RBI) has decided to slash clearance time for National Electronic Funds Transfer (NEFT) in an attempt to enhance efficiency
Read MoreCentral bank raises inflation forecast, bond yield jumps 12 bps
The yield on the benchmark bond jumped 12 basis points on Thursday to 6.77% after the Reserve Bank of India (RBI) upped inflation forecasts and hinted
Read MoreIndia marks dramatic change, renewable energy capacity addition beats conventional in FY17
In a dramatic change, India added 15.3 giga watt (GW) in the burgeoning renewable energy segment in FY17, while the country?s conventional power capac
Read MoreIndia to grow at 7.4% in 2017-18, says Asian Development Bank
As the note ban impact dissipates, India will grow at 7.4% in the current fiscal and 7.6% in 2018-19, cementing its position as the world?s fastest-gr
Read MoreServices growth at 5-month high: PMI
The services sector expanded for a second consecutive month in March, indicating that the predominant sector of the economy has recovered from the dem
Read MoreParliament passes 4 GST bills, July 1 rollout likely
India took a decisive step towards a possible July 1rollout of the goods and services tax (GST) with Parliament on Thurday giving nod to four related
Read MoreRBI keeps repo rate unchanged at 6.25%, raises reverse repo rate to 6%
Indians will have to wait for consumer and home loans to become cheaper as the Reserve Bank of India kept policy lending rates unchanged on Thursday b
Read MoreIncome Tax Department, Non-Statutory Departmental Canteens (Group 'C' posts) Recruitment (Amendment) Rules, 2017
Publish Date : Thursday, March 16, 2017
Income Tax Department (Group C) Recruitment (Amendment) Rules, 2017
Publish Date : Thursday, March 16, 2017
Income Tax Department (Inspector) Recruitment (Amendment) Rules, 2017
Publish Date : Friday, March 24, 2017
Domestic demand spurs recovery in German industrial orders
German industrial orders picked up in February after plummeting the previous month and the Economy Ministry said an upturn in the sector was on the ca
Read More7-Eleven operator to buy U.S. stores from Sunoco for $3.3 billion
Seven & i Holdings Co (3382.T) on Thursday said it would buy convenience stores and petrol stations from Texas-based Sunoco LP (SUN.N) for about $3.3
Read MoreRBI hikes capital requirement for ARCs to Rs 100 crore
Reserve Bank of India has hiked the capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore now. In a note accompanying
Read MoreRBI monetary policy: Full text of bi-monthly statement
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to
Read MoreRBI enables faster money transfer by finetuning NEFT framework
The Reserve Bank of India has enabled faster settlement of the process of NEFT (National Electronic Fund Transfer) by increasing the settlement cycle
Read MoreGold extends gain, up Rs 130 on global cues, jewellers' buying
Gold continued its upward march for the third straight day by rising Rs 130 to Rs 29,400 per 10 grams at the bullion market today on positive global c
Read MoreOil hits one-month high near $55 on tighter supplies
Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a gl
Read MoreDeveloping Asia's 2017 growth seen as weakest in 16 years
Developing Asia is on track to post its slowest annual growth in 16 years this year as it adjusts to China's rebalancing and possible spillovers from
Read MoreScottish economic output falls by 0.2%
Scottish economic output contracted by 0.2% in the final quarter of last year, according to official figures.The fall contrasted with growth of 0.7% f
Read MoreWhy it is critical to start with ?good? GST, then transition to an ?ideal/best? one
The goods & services tax (GST) is currently levied/imposed in about 160 countries, with the average GST rate of around 16%. There are variations from
Read MoreCommerce Ministry spent 99.45% of FY17 plan outlay, highest in 5 yrs
Commerce Ministry today said it has spent Rs 2,454 crore under various plan schemes, which is 99.45 per cent of the allocation -- the highest in last
Read MoreHigher tax mop-up gives govt Rs 15,000 crore fiscal leeway in Fy18
The more-than-estimated tax mop-up gives the government an additional fiscal leg-room worth Rs 15,000 crore to begin the new financial year, says a re
Read MoreService activity expands in March, PMI rises to 51.5
India's service sector activity strengthened in March along with improved business conditions which promoted job creation in the month, a private busi
Read MoreIndia's growth to accelerate to 7.4 per cent in 2017-18
The Asian Development Bank (ADB) today said that India's growth rate will improve to 7.4 per cent during 2017-18 and go up further to 7.6 per cent in
Read MorePaytm may buy Freecharge at 50% discount for $200 million
SoftBank-backed digital wallet Freecharge, which is owned by Snapdeal, is up for sale for as low as $150-200 million, a media report said.According to
Read MoreUK services sector beats forecasts buoyed by new work
Activity in the UK's dominant services sector rose at a faster-than-expected pace in March.The Markit/CIPS purchasing managers' index (PMI) for servic
Read MoreSaudi Aramco raises $3 billion with debut sukuk
Saudi Aramco has raised 11.25 billion riyals (2.4 billion pounds) in its debut sukuk issuance, sources familiar with the matter said on Wednesday.The
Read MoreEuro zone economy strongest in nearly 6 years
Euro zone businesses enjoyed their best quarter in six years at the start of 2017 and although growth was not quite as fast as a flash estimate, the u
Read MoreFDs score big over equities, MFs for investment: Sebi
More than 95 per cent Indian households prefer to park their money in bank deposits, while less than 10 per cent opt for investing in mutual funds or
Read MoreMF industry assets grow 35 per cent to record Rs 18.3 lakh cr in FY17
The asset base of mutual fund industry in India surged 35 per cent to all-time high of Rs 18.3 lakh crore in 2016-17, driven by growing participation
Read MorePayments via United Payments Interface jump 25.7% in March to Rs 2,390 cr
The value of transactions made through the Unified Payments Interface (UPI) channel in March rose 25.7% over the previous month to `2,390 crore.Accord
Read MoreLenders sold Rs 35,000 cr NPAs to asset reconstruction companies in FY17
Lenders managed to sell `35,000 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs) in FY17, sources said, adding that bank
Read MoreReliance Jio may generate Rs 21,300 cr revenue, but will remain a drag on Reliance Industries: Moody?s
Reliance Jio Infocomm (Jio) could generate revenues of `21,300 crore for the current fiscal ending March 2018, Moody?s Investor Service projected on W
Read MoreOnline grocery market set for big action in 2017
The Indian food and grocery (F&G) market has witnessed the entry of many online players, but so far only a few have remained operational.However, the
Read MoreFord, GM and Volkswagen drive growth from exports
Foreign auto firms including Ford, General Motors and Volkswagen, which operate in India but may not be selling high volumes in the domestic market, a
Read MoreTo power-up its Make in India initiative, smartphone maker Vivo in talks with states to set up ?industry zone?
Chinese smartphone manufacturer Vivo India is in talks with a few state governments for setting up an industry zone in the country. The zone would com
Read MoreEssar plans Rs 10,000 crore port in Gujarat
Essar Ports Ltd, a leading port operator in the country with a current capacity of 140 million tonnes per annum (mtpa), is planning to build a Rs 10,0
Read MoreCloud compute services market to hit $68 b in 2020
Global cloud compute services market is expected to grow from $23.3 billion in 2016 to reach $68.4 billion in 2020 and 90 per cent of organisations wi
Read MoreIDBI Bank cuts deposit rates by up to 75 bps
With the banking system reeling under surplus liquidity, IDBI Bank has reduced interest rates, ranging from 50 to 75 basis points, on retail term depo
Read MoreInflation to average at 5 % in FY'18: Crisil
CPI inflation is likely to average higher at 5 per cent in the current fiscal on expectations of increasing pressure on food prices as well as uptick
Read MoreBond rally to continue with 10-year yield falling: Gundlach
A bond rally is likely to continue with yields on 10-year Treasuries poised to head down in the short term, according to Jeffrey Gundlach, chief execu
Read MoreNotification No. 12/2017-Service Tax
Service Tax (Advance Rulings) Amendment, Rules 2017
Read MoreNotification No.08 /2017-Central Excise (N.T.)
Central Excise (Advance Rulings) Amendment, Rules 2017
Read MoreCircular No.12/2017-Customs
Clarification regarding legislative changes relating to Customs Act,1962 proposed in the Finance Bill,2017
Read MoreCircular No.11/2017-Customs
Clarification regarding amendment in Special Economic Zone Rules, 2006 in Rule 47, after sub-rule (4) dated 05.08.2016 ? reg.
Read MoreCircular No.10/2017-Customs
Export of carpet under duty drawback - examination of carpets for composition, price determination etc.
Read MoreCircular No.09/2017-Customs
Disposal of seized/confiscated cigarettes of foreign origin vis-a-vis provisions of the cigarettes and other tobacco products (Packaging and Labelling
Read MoreNotification No. 11/2017-Customs (ADD)
Seeks to amend notification no. 01/2017-Customs (ADD) dated 05.01.2017 vide which definitive anti-dumping duty was levied on the import of ???Jute Pro
Read MoreNotification No.32/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 6th April, 2017
Read MoreNotification No.31/2017 Customs (N.T.)
Seeks to notify Foreign Post Offices
Read MoreNotification No.30/2017 Customs (N.T.)
Seeks to further amend notification No. 63/94-Customs (N.T), dated the 21st November, 1994
Read MoreNotification No.29/2017 Customs (N.T.)
Customs (Advance Rulings) Amendment, Rules 2017
Read MoreNotification No.28/2017 Customs (N.T.)
Regarding the Deferred Payment of Import Duty (Amendment) Rules, 2017
Read MoreNotification No.27/2017 Customs (N.T.)
Regarding the Bill of Entry (Forms) Amendment Regulations, 2017
Read MoreNotification No.26/2017 Customs (N.T.)
Regarding the Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017
Read MoreNotification No.25/2017 Customs (N.T.)
Regarding amendment to Notification No. 40/2012-Customs (N.T.), dated the 2nd May, 2012
Read MoreNotification No.24/2017 Customs (N.T.)
Regarding the Handling of Cargo in Customs Areas (Amendment) Regulations, 2017
Read MoreNotification No. 11/2017-Customs
Seeks to amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide deeper tariff concessions in respect of specified goods import
Read MoreNotification No.RBI/2016-17/266
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/265
Investment by Foreign Portfolio Investors in Government Securities
Read MoreProposal to notify Lokayukta and Up-Lokayukta, UP u/s 138(1)(a)(ii) of Income Tax Act, 1961
Publish Date : Friday, March 31, 2017
Notification No. 26/2017 /F. No. 370142/3/2017-TPL
Publish Date : Monday, April 3, 2017
Notification No. 27/2017/F. No. 370142/32/2017-TPL
Publish Date : Wednesday, April 5, 2017
Notification No.28/2017, F.No.370142/10/2017-TPL/S.O. 1057(E)
Publish Date : Wednesday, April 5, 2017
Rise in property, crude prices could ease pressure on state govt finances: HSBC Research
A rise in crude and property prices in FY'18 could rein in state government deficits, which is already adding pressure on general government deficit n
Read MoreIndian merchandise, services exports to hit $500 Billion by FY18
Improving the product diversify of Indian exports and including more high-tech products will help India?s merchandise and services exports to cross $5
Read MoreRBI will have to continue inflation vigil in FY18: Crisil
Reserve Bank of India (RBI) will have to continue its vigil on inflation all through the current fiscal due to rising food prices, pick up in global c
Read MoreChange in base year for GDP a regular global practice: Government
Change of base year to calculate GDP is done in line with the global exercise to capture economic information accurately, the government said today. B
Read MoreFPI limit for govt debt raised
To boost inflows of foreign funds into Indian capital markets, regulator SEBI on Monday raised the FPI investment limit in Central government securiti
Read MoreReliance Jio Likely to Break Even at Ebitda Level by FY18
Reliance Jio Infocomm is likely to break even at the Ebitda (earnings before interest, taxes, depreciation & amortisation) level by FY18 with at least
Read MoreManufacturing at 5-month high as demand picks up
India?s manufacturing activity expanded the fastest in five months in March, buoyed by a sharp uptick in production and new orders, a private survey s
Read MoreCall rate ends lower at 5.8%, bonds show mixed trend
Call rate ended lower at 5.80% at the overnight call money market here today due to ample liquidity in the banking system. While government bonds ende
Read MoreGlobal debt has just hit an eye-watering $215 trillion
Global debt levels have soared over the past decade, with the vast majority accumulated by emerging market nations. According to figures from the Inst
Read MoreGerman and French bond yield spread at its widest since 2012
With the first round of France's presidential election less than three weeks away , the yield difference between the nation's twoyear bonds and simila
Read MoreYES Bank's Gift City unit touches $1 bn in transactions
One of the early movers into the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), YES Bank Limite
Read MoreIOB cuts base rate by 20 bps
Indian Overseas Bank has cut its base rate by 20 bps effective April 1. The new base rate is 9.50 per cent. The existing loans linked to the base rate
Read MoreDaikin India looks to keep growing at 18-20% this year
Japanese air-conditioner maker Daikin India is on an aggressive growth path and has closed the 2016-17 fiscal with a turnover of about ?3,300 crore ,
Read MoreEssar Steel logs 47% growth in flat steel output in FY17
Essar Steel India Ltd has logged 47 per cent spike in its flat steel production in 2016-17. Output of flat steel products moved up from 3.8 million to
Read MoreCentre?s tax collections rise 18 per cent in FY 17
The number 100 is significant in Bollywood as well as in cricket. It is a barometer of the performance of an actor and a batsman in their respective f
Read MoreU.S. trade deficit falls from two-year high on weak imports
The U.S. trade deficit fell from a near two year high in February as slowing domestic demand weighed on imports and stronger global growth boosted exp
Read MorePrivate Equity investments up 36% to $5.4 bn in Q1 2017
Private equity firms invested about USD 5.44 billion across 117 deals during the quarter ended March 2017, 36 per cent higher than the year ago period
Read MoreMultiples PE buys controlling stake in HR firm PeopleStrong
Private equity (PE) fund Multiples Alternate Asset Management has bought a controlling stake in human resources (HR) outsourcing and tech firm PeopleS
Read MoreMotorcycle sales fall 4-5% in 2017 fiscal
While passenger vehicle sales in FY17 met with industry?s projection of 3-million units (9.7 per cent growth Y-o-Y), that of motorcycles slipped once
Read MoreKalyan Jewellers gets additional investment of Rs 500 crore from US private equity firm Warburg Pincus
US private equity firm Warburg Pincus has invested an additional Rs 500 crore in Kerala-based Kalyan Jewellers, taking the total investment to Rs 1,70
Read MoreEven as Uttar Pradesh roiled by slaughterhouse row, Amul plans to raise milk purchases 20x in 24 months
Even as the new Uttar Pragesh government headed by Yogi Adityanath has cracked down on illegal abattoirs in the state, Gujarat Cooperative Milk Market
Read MoreFactory output grows at 5-mnth high
Manufacturing sector grew at its fastest pace in five months in March, marking the third straight month of expansion, on strong surge in domestic and
Read MoreSBI cuts base rate by 15 bps, spreads cheer in loan market
The country?s two biggest lenders ? State Bank of India (SBI) and HDFC Bank ? have dropped their base rates by 15 basis points and 25 basis points res
Read MoreAs Narendra Modi government gets set to crack GST whip on tax evaders, India Inc voices concern
Many functionaries from corporate India and tax experts have voiced concerns over the government?s plan to give unprecedented teeth to the country?s i
Read MoreIndia, Malaysia sign $36 bn investment proposals
Major Indian and Malaysian companies in the oil and gas, infrastructure and engineering sectors signed investment proposals worth $36 billion on Monda
Read MorePlan for business zone near Beijing sets off investor frenzy
It didn?t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. Within 24 hours of Saturday?s anno
Read MoreNew GST rules may impact auto, consumer durables
After getting hit by the transition of new fuel technology ? from Bharat Stage-III (BS-III) to BS-IV ? the automobile sector in the country may be awa
Read MoreSteel firms hit record sales, meet production targets
Domestic steel producers are optimistic about a demand pick-up from mid-April after record sales.State-owned Steel Authority of India (SAIL) posted it
Read MoreFaster clearances, monitoring help infra projects stay on course in Q4
The Centre has finally managed to break the chokehold of stalled infrastructure projects, by giving faster clearances and closely monitoring these at
Read MoreCoal India Record Output, Shipments Lag Target at Least 5th Year
Coal India Ltd., the world?s biggest miner of the fuel, missed annual production and shipment targets for at least the fifth year despite reporting re
Read MoreIMF chief warns slowing productivity risks living standards drop
Living standards around the world could fall unless governments invest more in research and education that can help revive weak productivity growth, I
Read MoreSnapdeal to merge with Flipkart? E-retailer faces uncertain future; here?s why
With investors in Snapdeal reportedly differing on the future course of action at the cash-strapped e-retailer, a four-hour board meeting of the compa
Read MoreAuto industry needs to learn lesson from BS-III ban: Mercedes
Indian auto industry will need to seek clarity from ?other influencers? like the Supreme Court or NGT on health related issues in future and not just
Read MoreSBI, 5 associates, Bhartiya Mahila Bank merge into one entity; data integration next
India?s seven banks, including the country?s largest lender and the recently established bank for the women, today opened for business as one entity u
Read MoreCIL gets ready to tap into coal bed methane, gasification
The state-owned Coal India is readying an action plan to tap coal bed methane and gasification to keep a lid on emission and cut down India?s dependen
Read MoreReliance Industries shares hit new 9-year high as Jio Prime users number tops estimates
Reliance Industries shares surged Monday morning to hit a new nine-year high, extending last Friday?s stellar gains, after the company said it had 72
Read MoreWarburg Pincus invests Rs 500 crore in Kalyan Jewellers
Kerala-based Kalyan Jewellers today announced American private equity firm Warburg Pincus has invested an additional Rs 500 crore in the company. The
Read MoreRBS rising from ruins as shadow of former self
Nine years after the beginning of a 45-billion-pound ($56 billion) bailout by the British government, Royal Bank of Scotland is emerging from its rest
Read MoreBank of Spain raises growth forecasts, warns of external uncertainty
The Bank of Spain said on Monday it expects the country's economic output to expand by 2.8 percent year on year in 2017, above a previous forecast and
Read MoreIndian Bank revises interest rates
Public sector Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits with immediate effect. For FCNR(B) d
Read MoreBetter G-secs management can lower rates, help govt save Rs 10k crore: SBI research
A favourable demand-supply balance of G-secs by increasing demand through reducing their supply and also lowering downward rigidity on operative overn
Read MoreIndia 10-year benchmark bond rallies on repo squeeze
India's benchmark 10-year bond rallied to its highest level in two months, as traders who had shorted the debt rushed to cover positions by buying the
Read MoreSBI sees cost savings, no bad loans surprise after merger with units
State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the
Read MoreExim Bank to raise $3 billion from overseas markets this fiscal
Exim Bank plans to raise up to $3 billion from overseas markets this fiscal. "We would be looking to raise between $2.5-3 billion in the current fisca
Read MoreEssar sells BPO company Aegis for $275-300 million
Ruias-led Essar Group today announced sale of its BPO company Aegis Ltd to Singapore-based private equity fund manager Capital Square Partners for an
Read MoreIndia, Malaysia ink seven pacts
India and Malaysia today inked seven pacts, including an air services agreement and a mutual recognition of educational qualifications of the two nati
Read MoreGDP to grow at 7.7 per cent in 2018, says FM Arun Jaitley
Finance Minister Arun Jaitley said global growth was picking up but emerging economies faced new challenges in terms of inward-looking policies and r
Read MoreIndia seeks $2 billion funding from New Development Bank
India is seeking $2 billion in funding from the New Development Bank for infrastructure projects and wants the multilateral agency to be nimble footed
Read MoreSolid Asia factory growth caps a strong first quarter but outlook cloudy
Factories across much of Asia posted another month of solid growth in March, rounding off a strong quarter for the world's manufacturers, even as expo
Read MoreEuro zone factories struggled to meet soaring demand in March: PMI
Factories across the euro zone struggled to keep up with demand last month despite increasing activity at the fastest rate in nearly six years, accord
Read MoreGovernment to charge same GST rates for domestic, commercial usage of LPG
Liquefied petroleum gas (LPG), one of the three petroleum products to be under the goods and services tax (GST) from day one along with kerosene and n
Read MoreCompanies can avail up to 40 per cent GST Credit for excise already paid on stocks
Companies can get credit of up to 40 per cent of their goods and services tax liability against excise duty already paid on stocks lying with traders
Read MoreMarch PMI touches 5-month high on new orders, output growth
Buoyed by sharp rise in production and new orders, India's manufacturing activity expanded the fastest in five months in March, a private survey showe
Read MoreIraq has pledged to fully comply with oil cut deal, OPEC chief says
Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barki
Read MoreCapex slows down to a crawl as India Inc faces surplus capacity, over-leveraged balance-sheets problems
With surplus capacity in the economy at close to 25% and corporate balance sheets still over-leveraged, the pace of capital expenditure (capex) remain
Read MoreShell withdraws from Kakinada gas project
European oil and gas company Royal Dutch Shell has decided to discontinue its earlier proposal for a floating liquefied natural gas (LNG) import termi
Read MoreFMCGs rush to set up units in Assam
Besides the rush to close their books of accounts for 2016-17, March saw fast-moving consumer goods (FMCG) companies move with haste on another front.
Read MorePassenger Vehicle Sales Cross 3 million Unit Mark in FY17
India?s passenger vehicle market is estimated to have crossed a key milestone in the just-ended fiscal year. Sales have topped the 3-million-unit mark
Read MoreFPI inflows at record Rs 57,000 cr in March on reforms buzz
Foreign investors pumped in a record Rs 57,000 crore in Indian capital markets in March, buoyed by expectations that BJP's victory in assembly polls i
Read MoreIndia adds record 5,400MW wind power in 2016-17
India added a record 5,400 megawatts (MW) of wind power in 2016-17, exceeding its 4,000MW target.?This year?s achievement surpassed the previous highe
Read MoreDebt funds raise exposure to lower-rated bonds
Investors have made tidy returns in debt funds over the past year, thanks to the sharp fall in interest rates. But a hunt for higher returns seems to
Read MoreNotification No. 23/2017[F.No.196/27/2014-ITA-I
Publish Date : Friday, March 31, 2017
[Notification No. 24/2017 [F. No.196/15/2013-ITA-I
Publish Date : Friday, March 31, 2017
Income-tax (5th Amendment) Rules, 2017
Publish Date : Friday, March 31, 2017
MSCI report points out weak corporate governance practices in India
MSCI, a global provider of research-based indexes and analytics, has raised concerns over corporate governance structure and role of independent dire
Read MoreL&T bags orders worth Rs 5,725 crore
Larsen & Toubro announced on Thursday that it has won new orders worth Rs 4,000 crore from the hydrocarbon sector. Separately, L&T said it bagged ord
Read MoreTullet Prebon launches India and Middle East focused LNG Index
Tullett Prebon, one of the world?s leading interdealer brokers, and the Singapore Exchange (SGX) have launched a spot pricing index for the Indian and
Read MoreRBI increases FPI limits in govt bonds by Rs 170 billion for April-June
The Reserve Bank of India on Friday increased foreign portfolio investors' (FPI) limits on investment in government bonds by an aggregate Rs 170 billi
Read MorePetrol price cut by Rs 3.77 per litre and diesel by Rs 2.91 per litre
The price of petrol has been cut by Rs 3.77 per litre and that of diesel by Rs 2.91 a litre, the first change in rates in two-and-a-half months.State-
Read MoreBank deposit rates set to fall in new fiscal
It?s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The gov
Read MoreSBI's minimum balance, ATM charges kick in today: Here's what you should know
After a gap of five years, State Bank of India, India's biggest lender, will start charging penalty on non-maintenance of minimum balance in accounts.
Read MoreFinance Bill gets presidential assent, takes effect from today
President Pranab Mukherjee has given his assent to the Finance Bill 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh an
Read MoreJSW Steel Writes Off Rs 5,251-cr Loan to US Arm
JSW Steel is writing `5,250.88-crore loan given to off .US-based holding company JSW Steel Holding USA with the intention of liquidating it, as the st
Read MoreIndia falls short of original FY17 divestment aim, but record Rs 46,247 cr haul boosts confidence
The government raised Rs 46,247 crore through disinvestment in the financial year 2016-17, the highest ever amount earned by sale of equity stake in P
Read MoreDeposited Rs 2L or more during note ban? Get ready to mention it in new I-T return form
People who made cumulative deposits of Rs 2 lakh or more during the first 50 days of demonetisation will have to mention it in their income tax return
Read MoreBank of China not optimistic about 2017 after profit drop
Bank of China Ltd (BoC) , the country's fourth-largest lender by assets, reported a fall in full-year profit for the first time in more than a decade
Read MoreForex kitty up by $1.15 bn to $367.93 bn due to increase in currency assets
India's forex kitty surged by $1.15 billion to $367.93 billion as of March 24 on the back of increase in the currency assets, the Reserve Bank said to
Read MoreGST makes inroads into agriculture sector
A subtle change in the definition of an ?agriculturist? in the draft Central GST Bill, currently under consideration of Parliament, has brought absent
Read MoreSBI to begin FY18 as banking behemoth
State Bank of India (SBI) will start the new financial year with a Rs 33.5-lakh crore balance sheet, on merger of five associate banks and Bharatiya M
Read MoreExports may touch $270 billion this financial year: FIEO
With the country's exports recording healthy growth during the past few months, the shipments are expected to touch $270 billion by end of this financ
Read MoreEU offers Brexit trade talks, sets tough transition terms
The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London m
Read MoreLess pressure to unwind eurozone stimulus as inflation eases
Inflation across the 19-country eurozone fell sharply in March due to weaker price increases partly related to the timing of Easter, official figures
Read MoreUS consumer spending slows; inflation near 5-year high
US consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly
Read MoreChina March factory activity grows fastest in nearly five years on building boom
Activity in China's manufacturing sector unexpectedly expanded at the fastest pace in nearly 5 years in March, adding to evidence that the world's sec
Read MoreIndia to cut Iranian oil purchases in row over gas field
Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas
Read MoreGold to edge up in 2017 as risk-averse buying offsets oversupply - GFMS
Gold prices will edge higher this year even in the face of a persistent surplus of physical metal, GFMS analysts at Thomson Reuters said on Friday, as
Read MoreTop 10 MFs continue to depend on promoters for ramping up AUM
Even as top 10 fund houses have ramped up their businesses by almost 40 percent in fiscal 2017, their dependence on promoter groups has also gone up,
Read MoreRupee caps best first quarter since 1975 amid $12 billion inflow
Foreign investors gorging on Indian stocks and bonds propelled the rupee to its best first-quarter performance since 1975.The currency, Asia?s best pe
Read MoreShell opens its third largest global tech centre in Bengaluru
Global oil major Shell on Friday opened a new technology hub in Bengaluru, its third largest in the world. The centre spread over 52 acres, can house
Read MoreSmartphone sales to grow marginally; Samsung top seller, Vivo follows
The Indian smartphone sector is expected to report a marginal sequential growth in the quarter ending March with about 30 million phones shipped. Sams
Read MoreCore sector growth slips to over 1-yr low of 1% in Feb
The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery pr
Read MoreSmall savings interest rates cut by 0.1%
The government has lowered the interest rates on small saving schemes such as Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and Sukanya Samridd
Read MoreBank loans to individuals grew at 6-year low in February says RBI
Bank loans to individuals recorded their weakest growth in six years in February, expanding at just 12% year-on-year (y-o-y) to `15.4 lakh crore, data
Read MoreGST roll-out likely on July 1; analysts suggest September to minimise pain
Racing against time to meet a self-imposed July 1 deadline to usher in a pan-India, all-encompassing indirect tax, the Goods and Services Tax (GST) Co
Read MoreFiscal deficit target for FY17 crossed by Feb end
India's fiscal deficit at the end of February worked out to Rs 6.05 lakh crore, 113.4 per cent of the full year target for the 2016-17 fiscal, mainly
Read MoreApple opens its Accelerator program in Bengaluru
Apple announced the opening of its App Accelerator in Bengaluru, which will provide specialised support for developers, including tools and best pract
Read MoreBandhan Bank cuts deposit rates with effect from March 31
Bandhan Bank has revised its deposit rates downwards by up to 50 basis points, narrowing the interest rate differential with other banks like State Ba
Read MoreGovernment notifies simplified ITR forms; e-filing to start from tomorrow
The government today notified a simplified Income Tax Return form for individuals which will be available for filing ITR for Assessment Year 2017-18 f
Read MoreVedanta declares R6,580-crore dividend
The board of directors of Vedanta on Thursday approved a dividend payout of R6,580 crore for its shareholders, including that of Cairn India which is
Read MoreAadhaar for PAN and tax return filing - Likely challenges for foreigners and Indian citizens abroad
Aadhaar is a unique identification number issued by the Indian government to every individual resident of India. It is based on demographic and biomet
Read MoreNDB plans $500 mn Masala Bonds, hike lending to India: KV Kamath
New Development Bank (NDB) proposes to raise USD 300 to 500 million through 'Masala Bonds' and increase its exposure to infrastructure projects in In
Read MoreRs 1.2 lakh crorer spent on national highways development in 3 years
A total of Rs 1.2 lakh crore was spent on development of national highways during the last three fiscals, Parliament was informed today. "About Rs 1,2
Read MoreGovernment clears the way for 5 new SEZs
The government has approved five proposals, including those of Oracle India and L&T Construction Equipment, for setting up IT special economic zones (
Read MoreNotification No. 11/2017-Service Tax
Notification No. 11/2017-Service Tax - [F.No. 390/Review/36/2014-JC]
Read MoreNotification No.23/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.
Read MoreNotification No. 10/2017-Customs
Amendment to Notification No.12/2012-Customs, dated the 17th March, 2012, so as to impose basic customs duty of 10% on wheat and Tur, with immediate e
Read MoreNotification No.RBI/2016-17/264
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions ? Continuance of Special Measures
Read MoreNotification No.RBI/2016-17/263
Purchase of foreign exchange from foreign citizens and others
Read MoreNotification No.RBI/2016-17/262
Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2016-17/261
Assignment of SLBC Convenorship - Telangana
Read MoreNotification No.RBI/2016-17/260
All payment systems to remain closed on April 1, 2017
Read MoreNotification No.RBI/2016-17/259
Opening of all Agency Banks for government business on April 1, 2017 ? Revised instructions
Read MoreNotification No.RBI/2016-17/258
Formation of seven new districts in the State of Manipur - Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2016-17/257
Payment systems to remain open on all days from March 25, 2017 to April 1, 2017
Read MoreIndia?s refrigerated cargo exports rose 19% in 2016
India?s refrigerator cargo exports grew strongly at 19 per cent in 2016 thanks to a rich harvest of vegetables and import of fruits, stated a Maersk G
Read MoreFund-raising via QIP plunges to Rs 4,837 cr in Apr-Feb FY17
Indian firms garnered Rs 4,837 crore from institutional investors during April-February period of the current fiscal, a sharp decline of 67 per cent f
Read MoreOver 3,100 new FPIs registered with SEBI in 11 months of FY17
More than 3,100 fresh foreign portfolio investors (FPIs) registered with capital markets regulator Sebi in the April-February period of the current fi
Read MoreIndia's consumer confidence highest among emerging markets: Credit Suisse
India's consumer confidence is highest compared to other emerging market peers despite the near-term sentiment being adversely impacted by the Centre'
Read MoreBeginning ?Brexit? and Bracing for Impact
The world did not end. No recession unfolded. Nine months after Britain voted to leave the European Union, disregarding warnings of grim economic cons
Read MoreZensar Technologies to acquire Keystone Logic for Rs 132 cr
Pune-based IT services firm Zensar Technologies said it would acquire Bengaluru-based retail technology provider Keystone Logic Solutions and its US s
Read MoreMTNL to invest Rs 400 cr for 1800 towers; project debt tied up
State-owned Mahanagar Telephone Nigam Ltd plans to invest Rs 400 crore for installing and commissioning 1,800 mobile towers over the next 8-10 months
Read MoreEuro-Area Economic Confidence Unexpectedly Slips in March
Euro-area economic confidence unexpectedly slipped this month, an indication that the region?s recovery may not be as immune from political uncertaint
Read MoreTrump to unveil $1 trillion infrastructure plan in 2017: Official
U.S. Transportation Secretary Elaine Chao said the Trump administration would unveil a $1 trillion infrastructure plan later this year, but she did no
Read MoreChina 2016 Q4 capital and financial account surplus was $46.4 bln
China posted a final current account surplus of $11.8 billion and a surplus of $46.4 billion on its capital account and financial account in the last
Read MoreConocoPhillips sells oil and gas assets to Cenovus for $13.3 billion
ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy for C$17.7 billion ($12.74 billion), ma
Read MoreUS Q4 economic growth revised higher, boosted by consumer spending
U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in
Read MoreGold loses sheen, drops Rs 300 on demand slump, global cues
Gold prices tumbled by Rs 300 to Rs 29,250 per 10 grams at the bullion market today, tracking a weak trend overseas amid fall in demand from local jew
Read MoreP-notes investment drops to Rs 1.70 lakh crore at Feb-end
Investments in domestic capital markets through participatory notes (P-notes) declined to Rs 1.70 lakh crore at the end of February from the preceding
Read MoreRBI-authorised entities can alone issue PSI wallets
The Reserve Bank of India (RBI) on Thursday informed users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only
Read MoreSBI raises $500 m in three-year dollar debt
State Bank of India (SBI) on Thursday raised $500 million as part of its $10 billion medium-term notes (MTN) programme, sources said, adding that 47%
Read MoreNon-food credit grows 5.12%; total bank credit rises 4.36%
Non-food credit grew 5.12% year-on-year (y-o-y) during the fortnight ended March 17, with outstanding loans to companies and individuals at `75.1 lakh
Read MoreAgreements of $5 bn likely to be inked with Malaysia
Accompanied by a 100-strong business delegation, 10 Cabinet-level ministers, talks between leaders of India and Malaysian will focus on strengthening
Read MoreAmazon, Big Basket, Grofers get nod from Centre, set to invest $695 mn in food retail
Amazon, Big Basket and Grofers have crossed a crucial stage to get approval for retailing locally-produced food products, as the food processing minis
Read MoreSeveral age-old schemes, including EPFO, ESIC, will cease to exist; here?s why
Once the proposed omnibus Labour Code on Security and Welfare (LCSW) comes into force, several age-old schemes ? including the provident fund, pension
Read MoreGST will benefit consumers with lesser tax burden: Revenue Secretary Hasmukh Adhia
The Goods and Services Tax (GST) has received unprecedented support from all quarters as it is a simple system of taxation, under which various taxati
Read MoreTo cut BS III stocks Hero MotoCorp, Bajaj Auto, others offer spectacular discounts of up to Rs 22,000
With around 6.71 lakh two-wheelers out of over 8 lakh BS III vehicle impacted by the Supreme Court?s ban on sale and registration of such vehicles fro
Read MoreIncome-tax (Fourth Amendment) Rules, 2017
Publish Date : Thursday, March 30, 2017
Egypt?s cabinet approves 2017-18 budget, targeting 9.1% deficit
Egypt?s cabinet approved the 2017/18 budget on Wednesday, targeting a 9.1 per cent deficit for the year, Finance Minister Amr Al-Garhy said.The govern
Read MoreAppointment of Auditors
Appoint Associate of Chartered Accountants as Auditors for auditing the Two Charitable Funds Accounts
Read MoreKellton Tech acquires US-based Lenmar Group
Hyderabad-headquartered Kellton Tech announced today the acquisition of US-based Lenmar Group of Companies, a global IT services and solutions group w
Read MoreFairfax needs to sell 25% stake in ICICI Lombard to get a new permit
The insurance regulator has asked the promoter of Oben General Insurance to comply with regulations before applying for the next stage of approvals fo
Read MoreDentsu Aegis to acquire Sri Lanka?s Grant Group
Dentsu Aegis Network has signed a definitive agreement to acquire Grant Group, the largest independent creative agency in Sri Lanka, paving the way fo
Read MoreAxis Bank, Wells Fargo tie up for US remittances
Axis Bank has tied up with Wells Fargo, the third largest American bank by assets, to offer real time remittances from the Indian diaspora to their re
Read MoreUK faces bumpy, post-Brexit road of stagflation, company defections
With the clock now ticking on Brexit talks, analysts expected the U.K. would face an economic slowdown, stagflation and corporate defections.Sarah Hew
Read MoreChinese banks race to stay liquid, funded ahead of PBOC risk inspection
As China's banks prepare for a rigorous quarterly inspection of their books by the central bank, the ructions in money markets and an explosion in int
Read MoreNortheast may get subsidised capital
The Centre is working on an industrial policy for backward areas of the northeast as well as the Himalayan States to subsidise the cost of capital, a
Read MoreParliament approves Finance Bill 2017
Parliament today approved the Finance Bill 2017 after the Lok Sabha rejected five amendments moved to it by the Upper House with regard to curbing mor
Read MoreChina stocks are having the best showing since 2006
China?s stock markets are booming this year on the back of mainland investors, and there are signs international buyers will join the party, reports B
Read MoreSaudi Aramco's $2 Trillion Valuation Has Too Many Assumptions
Changing a tax system that has endured since the 1970s is no small matter, especially when it concerns what could be the world?s most valuable company
Read More'$30 billion of fashion market to be digitally influenced by 2020'
Nearly $30 billion of the domestic fashion market, which currently accounts for 70 per cent of the branded apparel market, will be digitally influence
Read MoreRBI says all payment systems to remain closed on 1 April
The Reserve Bank of India (RBI) has said all payment systems will remain closed on 1 April. It is a change from its earlier directive asking banks to
Read MoreBanking sector needs Rs.4 lakh crore towards loan-loss provisioning: Uday Kotak
The Indian banking system will have to endure further pain of loan-loss provisions aggregating about Rs.4 lakh crore, according to Kotak Mahindra Bank
Read MoreThird party premium to rise from April 1
The Insurance Regulatory and Development Authority of India (IRDAI) has revised motor third party insurance premium of vehicles with effect from April
Read MoreRInfras Rs 3,000-cr InvIT fund gets NHAI approval
Reliance Infrastructure InvIT Fund, which is planning a Rs 3,000-crore issue next month, has become the first to get approval from the National Highwa
Read MoreFDI buoyancy missing in capex of listed MNCs
The buoyancy in foreign direct investment (FDI) flows into India is missing in the capital expenditure figures of multinational companies (MNCs) liste
Read MoreFed's Evans says he supports one or two more rate hikes this year
One of the Federal Reserve's most consistent supporters of low interest rates on Wednesday said he is with the majority of his colleagues in supportin
Read MoreTrump offers federal coal to industry awash in reserves
U.S. President Donald Trump's administration has billed his move to reopen federal lands to new coal leases as a win for miners seeking to expand prod
Read MoreOil rises on Libya disruption, likely OPEC output cut extension
Oil prices extended gains on Wednesday despite an increase in U.S. crude inventories, lifted by Libyan supply disruptions and expectations of an OPEC-
Read MoreCos raise over Rs 51,000 cr via equity in FY17; bond market slows
Riding on IPO wave, Indian companies have raised Rs 51,288 crore through the equity market route in the current fiscal, up nearly 5 per cent over 2015
Read MoreReserve Bank of India to hold rates this year may tighten in 2018: Goldman Sachs
The Reserve Bank is expected to keep policy rates on hold this year but there are risks tilted towards a hike in 2018, a Goldman Sachs report says. Ac
Read MorePoS transactions fall to below demonetisation levels in November 2016 during the first 26 days of March 2017
The value of transactions at point-of-sale (PoS) machines during the first 26 days of March was lower than that for entire November, when the governme
Read MoreMinda Industries raises Rs 300 crore through QIP
Auto component maker Minda Industries, the flagship company of UNO MINDA Group has raised Rs 300 crore through Qualified Institutional Placement(QIP).
Read MoreLevi, Pepe leave Benetton standing still in race to dress up India
Although fashion player Benetton entered the Indian market 25 years ago, way ahead of many of its competitors, the Italian brand has not been able to
Read MoreAadhaar scheme helped government save Rs 34,000 crore: Finance Secy
Finance secretary Ashok Lavasa has termed ?revolutionary? the Aadhaar card scheme, saying it has helped the government save Rs 34,000 crore.Lavasa?s s
Read MorePresident okays paid maternity leave of 26 weeks
Women employees will now be able to get paid maternity leave of 26 weeks, up from 12 weeks, as per a new law. President Pranab Mukherjee has given ass
Read MoreKerala, Tripura, Arunachal Pradesh take states' list under UDAY to 26
Twenty siz states are now part of the UDAY scheme, meant for the revival of debt stressed discoms, after Kerala, Arunachal Pradesh and Tripura formall
Read MoreRupee enters 64-terrain after 17 months, up 13 paise vs dollar
The rupee on Wednesday stormed to a new 17-month high and closed above 65, a level not seen since October 2015, on heavy dollar selling by speculative
Read MoreLok Sabha passes GST supplementary bills; ?history in making,? says Arun Jaitley
The Lok Sabha on Wednesday passed the much-awaited Central Goods and Services Tax (GST) Bill, Integrated GST Bill, Compensation GST Bill and Union Ter
Read MoreSupreme Court bans sale of BS-III vehicles from April 1
In a major setback to auto manufacturers, the Supreme Court on Wednesday restrained them from selling BS-III vehicles+ from April 1 when BS IV emissio
Read MoreNotification 20/2017 [F.No.203/14/2016/ITA-II]
Publish Date : Monday, March 27, 2017
Notification 22/2017 [F.No.225/285/2015/ITA-II]
Publish Date : Thursday, March 30, 2017
PVR eyes Rs 4000 crore revenue in 5 years; to double screen count
Multiplex operator PVR is aiming to double its revenue to around Rs 4,000 crore and screen count to 1,000 across the country in next five years. ?Our
Read MoreQatar Airways accelerates India plans, says ?futuristic? PM Modi will permit 100% foreign ownership of a domestic airline
Qatar Airways Ltd. may order 100 new jetliners before the end of this year to power its push into India and also plans to announce two new routes to t
Read MoreAustralian government company seeks to invest in Adani?s coal mine project
An Australian government-owned fund manager company has expressed interest to invest in ?infrastructure pieces? of Indian energy giant Adani?s USD 21
Read MoreForeign stock investors race to India ahead of tax changes but inflows seen slowing
Foreign investors are set for their biggest monthly purchases of Indian equities in four years in March, but analysts expect inflows to moderate after
Read MoreCentre to give Rs 10,000 cr relief to banks for sour loans of power projects
The Centre is set to clear an estimated Rs 10,000 crore relief package for banks, which are facing the prospect of loans to 25 mega power projects tur
Read MoreFiling tax returns to be less painful as government simplifies ITR forms
A crisp income tax form for salaried individuals will be introduced from April 1, doing away with some columns to simplify the filing of returns. Indi
Read MoreTesla's China business is booming
Elon Musk's Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot.Hong-Kong traded Tencent,
Read MoreBrexit countdown begins today as Article 50 triggered
The countdown to Britain's exit from the European Union begins today as the UK's ambassador to the economic bloc delivers Theresa May's letter to the
Read MoreChina facing heightened financial risks from property downturn: Moody's
Moody's Investors Service warned on Wednesday that the financial risks facing China from a potential property downturn have grown as record lending ha
Read MoreIndia becomes net exporter of power for the first time
India has become a net exporter of electricity for the first time, the power ministry said on Wednesday, adding that upcoming cross-border transmissio
Read MoreExcess Rs 2.5-3 lakh crore in economy, need for digital push: Govt
As there is excess cash of about Rs 2.5-3 lakh crore floating in the economy, a further push to digital mandate is possible, the government said today
Read MoreGST rates will have no inflationary impact: Arun Jaitley
Allaying apprehension of spike in prices of goods and commodities after the roll out of the GST, Finance Minister Arun Jaitley today said the tax rate
Read MoreCapillary to invest $4 m to develop new products
Omni-channel solutions platform Capillary Technologies plans to invest $4 million in developing new products to grow revenues.Abhijeet Vijayvergia, Vi
Read MoreTata Sons to invest Rs 10,000 crore in group companies
The board of Tata Sons has approved a resolution to invest up to Rs 10,000 crore in the Tata Group companies, reports The Economic Times. This will he
Read MoreFY18 GDP Growth may be 8% if Monsoon Normal: Care
Rating agency Care has said it expects GDP growth to accelerate to 8% next financial year and flagged monsoon as the only area of concern that may scu
Read MoreIndian gold jewellery exports down 47% in Feb on lower offtake from Gulf
Gold jewellery exports from India routed through West Asia are being adversely affected because of two reasons: First, because of the 10 per cent impo
Read MoreSluggish export growth may hit apparel industry
Growth in apparel exports may stay muted for a consecutive year in FY17, as demand from key importing countries remained subdued. On the back of the g
Read MoreSebi gets back discretionary powers on penalties
The Finance Bill 2017 has inserted an explanation that does away with the ambiguity regarding the discretionary powers of the Securities and Exchange
Read MoreBuybacks at all-time high of Rs 34,468 cr in 2016-17
Share buybacks by listed companies have hit an all-time high during FY17. A total of 45 companies launched share repurchase programmes this financial
Read MoreAs Unilever reviews business, HUL eyes recovery
Unilever, the world?s second-largest consumer goods company, is undertaking a comprehensive review of its business as it seeks to lift shareholders? r
Read MoreL&T in race against time to meet FY17 revised order inflow guidance
With only a few days left for the current financial year to end, it?s a race against time for engineering conglomerate Larsen & Toubro Ltd (L&T) to me
Read MoreEscorts to drive tractors to new markets, cut costs
Net profit Ebitda margin its consultancy. An announcement is expected shortly. Nanda said the company was keen to get a combination of products placed
Read MoreSaudi Aramco valuation seen topping $1trn after tax cut
Saudi Aramco could have a market value of more than $1 trillion, Sanford C Bernstein & Co estimates, after the government slashed the oil producer?s t
Read MoreIndia now top global source of affordable medicines to Unicef
India is now the top global source of affordable medical supplies to the international body Unicef. India topped the list of suppliers by providing me
Read MoreU.S. goods trade deficit narrows in February; inventories rise
The U.S. goods trade deficit narrowed sharply in February, and inventories increased, which could prompt economists to raise their estimates for first
Read MoreThe DNA of oil wells: U.S. shale enlists genetics to boost output
A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy ind
Read MoreSteel consumption growth to be lower in FY17: ICRA
Steel consumption growth is projected to be lower in FY17 than the previous year, mainly on account of sluggishness in real estate and construction se
Read MoreCIL in talk with coastal power companies to substitute imports
State-owned Coal India Limited is in talks with power companies along the western and eastern coasts to discontinue the use of imported coal "We are m
Read MoreCPSE ETF?s third tranche lists on exchanges
The third tranche of CPSE Exchange Traded Fund, operated by Reliance Mutual Fund, got listed on the stock markets today.The fund saw positive response
Read MoreWith Rs 26,000 crore debt, IL&FS unit ITNL looks to refinance Rs 9,000 crore loans
Saddled with a debt of R26,000 crore, IL&FS Transportation Networks India (ITNL), the road development arm of Infrastructure Leasing and Financial Ser
Read MoreDataWind plans Rs 100 crore spend on VNO biz, data at Rs 200/year
Canadian mobile device maker DataWind has plans to invest Rs 100 crore in telecom services business in the first six months of getting a licence and o
Read MoreTo generate better returns, EPFO to break from past practice, invest subscription receipts in liquid MFs
Making a departure from its earlier practice of parking all of its daily subscription receipts, around R356 crore a day, in Collateralised Borrowing &
Read MoreGovernment fixes borrowing target at Rs 3.72 lakh crore
The government?s gross market borrowing target has been fixed at Rs 3.72 lakh crore for the first half of 2017-18, which is 64 per cent of the budgete
Read MoreBan on BS III vehicles: As Supreme Court emission order hangs fire, automakers set to take big hit
With the Supreme Court (SC) set to deliver a verdict on a ban on vehicles that are compliant only with BS III emission norms on Wednesday, automakers
Read MoreFormat of Statutory Auditors? Certificate (SAC) to be submitted by NBFCs received from RBI
Format of Statutory Auditors? Certificate (SAC) to be submitted by NBFCs received from RBI
Read MoreNotification No. 18/2017 [500/139/2002-FTD-II
Publish Date : Thursday, March 23, 2017
Notification No. 19/2017 [225/26/2016-ITA-II]
Publish Date : Monday, March 27, 2017
US expert cautions India on short-term debt flows, ECB
University of California Professor Barry Eichengreen on Monday said India needs to worry about short-term debt flows, including external commercial bo
Read MoreAirtel sells 10.3% stake in Bharti Infratel for Rs6,194 crore
In a much needed ammunition to strengthen its presence in India?s telecom market, Bharti Airtel Ltd on Tuesday said that it has sold 10.3% stake in it
Read MoreGold steady as dollar edges up; focus on Trump agenda
Gold prices steadied on Tuesday as investors looked to see if US President Donald Trump will be able to enact promised tax cuts and infrastructure spe
Read MoreAxis Bank to raise $10 million from Dubai centre
Axis Bank today said its board has approved raising USD 10 million by allotting debt securities through MTN programme to be launched from Dubai intern
Read MoreThere is no debt ceiling crisis, at least for now
As Washington policymakers battle over President Donald Trump's cornerstone economic initiatives, they won't have to worry about the U.S. becoming a g
Read MoreOp-ed: Trump?s trade policy review can rev up world economy
The story is simple and the numbers are big: The four economies that accounted for 81 percent of America's trade deficit last year sold $943.3 billion
Read MoreQatar announces ?5bn UK investment
One of the largest investors in the UK has committed ?5bn of new money to invest in transport, property and digital technology.The Middle Eastern stat
Read MoreSaudi, Jordan sign deal on $ 3 billion in Jordan investments
Jordan's state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a
Read MoreAmerican Airlines buys stake in China Southern Airlines
American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of China's three major state-owned carriers, in a bid for
Read MoreNew board for indirect taxes to become operational from June 1
The Central Board of Indirect Taxes and Customs (CBIC), which will replace the current CBEC, will become operational from June 1 in preparation for th
Read More'Donald Trump admin may approve major export of natural gas to India'
The Trump administration is expected to give its consent for major export of natural gas to energy-hungry India, a senior US official has said, underl
Read More20% of India?s productive resources remain unutilised: MS Sahoo
One fifth of India?s productive resources remain unutilised due to lack of effective mechanism to deal with exits and unblocking the same can add sign
Read MoreNotification No.07 /2017-Central Excise (N.T.)
Notification No.07 /2017-Central Excise (N.T.)[F.No. 390/Review/36/2014-JC]
Read MoreCircular No.08/2017-Customs
Rebate of State Levies (RoSL) on Export of made-up articles ? Implementation by CBEC
Read MoreHYUNDAI SHIFTS INTO TOP GEAR FOR 2022
It aims to expand its market share from the current 17 per cent and double domestic sales to a million vehicles annually. It has 11 products at presen
Read MoreBuses, minis escape cess under GST; India Inc wants a Sept 1 roll-out
Four Bills for the proposed goods and services tax (GST) regime, which were introduced in the Lok Sabha on Monday by Finance Minister Arun Jaitley, di
Read MoreXiaomi Inc eyes India?s financial services sector
Chinese smartphone maker Xiaomi Inc is looking to expand its product portfolio in the Indian market beyond phones and connected devices to enter the f
Read MoreGreenko Energy raises Rs 1,010 crore from GIC, Abu Dhabi Investment Authority to power growth
Greenko Energy Holdings raised $155 million (Rs 1,010 crore) from existing investors Singapore?s sovereign wealth fund GIC and Abu Dhabi Investment Au
Read MoreBOE Cites Brexit Among Financial Stability Risks for U.K.
The Bank of England said Brexit, along with household debt and China?s economy, is among the main risks to U.K. financial stability, though it?s no lo
Read MoreGerman business morale brightens in March
German business morale brightened unexpectedly in March, a survey showed on Monday, suggesting company executives in Europe?s largest economy are brus
Read MoreChina?s HNA buys US$446mil stake in Old Mutual?s US unit
Chinese conglomerate HNA Group Co has agreed to buy a 25% stake in Old Mutual Plc?s US asset management unit for about US$446mil, adding to a spending
Read MoreChina Jan-Feb industrial profits surge 32% as commodity prices rally
Profits of Chinese industrial firms surged 31.5% in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore ra
Read MoreOil lower again on doubts over duration of output cut
Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an OPEC-led output cut beyond the end of June i
Read MoreMost equity-based MFs underperform in last 1 year: S&P Dow Jones
In terms of returns to investors, most of the equity focused mutual funds in the country have underperformed their respective benchmark S&P BSE indice
Read MoreETFs see higher inflows than non-ETFs in February
Exchange-traded funds (ETFs) have seen higher inflows than non-ETFs in February and most of the ETF inflows were GEM-dedicated, according to a strateg
Read MoreIndian companies may have Rs 4 lakh crore excess working capital'
Top Indian companies might be having excess working capital of Rs 4 lakh crore, says a report. Giving the estimate on the excess working capital that
Read MoreForeigners come to the rescue of Modi as inflows help fund India?s burgeoning current account deficit
Economists are betting that India has seen the back of the impact of its unprecedented cash ban, prompting foreigners to pour in investment that?s cru
Read MoreUtility vehicles growth: Vitara Brezza, Creta, EcoSport set to drive growth in FY17 into double digits
Due to shifting customer preference towards compact utility vehicles from sedans and hatchbacks, the utility vehicle segment is set to report double d
Read MoreIndian rupee soars to 18-month high, IT, Pharma sectors get set for big hedging blow
The rise of the rupee to an 18-month high against the US dollar on Monday to a level of 65.0350, will very likely hurt earnings of several exporters i
Read MoreManufacturing activity improves in March: SBI
Manufacturing improved in March after a three month decline, while various government measures are likely to push up activity in the infrastructure se
Read MoreNarendra Modi government does a first, set to award grants to Amul, Haldiram, others for cold chains
Big Basket, Amul, Haldiram and Falcon Marine Exports are among the dozens of companies that will be awarded government grants to build a total of 101
Read MoreRegional Connectivity Scheme: 4 more states come on board
In order to ensure a successful implementation of the regional connectivity scheme (RCS) or the UDAN scheme, four states ? Haryana, Tripura, Arunachal
Read MoreBonds Surge in India as Rupee Rally Spurs Bets of More Inflows
Indian sovereign bonds climbed, pushing the benchmark 10-year yield down by the most since November, on speculation a stronger currency will lure more
Read MoreNotification No. 10/2017-Customs (ADD)
Seeks to order provisional assessment on imports of "1,1,1,2-Tetrafluoroethane or R-134a " ,originating in or exported from People's Republic of China
Read MoreNotification No. 09/2017-Customs (ADD)
Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People's Republic of China up to and inclusive of 2
Read MoreNotification No. 09/2017-Customs
Amendment to Notification No.12/2012-Customs, so as to reduce the basic customs duty from 30% to 10% on sunflower seeds falling under tariff item 1206
Read MoreNotification No. 08/2017-Customs
Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications
Read MoreIndia becomes 3rd largest aviation market in domestic traffic
India has become the third largest aviation market in terms of domestic passenger traffic, beating Japan, an industry report has said. India?s domesti
Read MoreDot-com shining: The story of India?s rise in e-retail industry
Monetary Fund (IMF), with various positive factions thriving, including that of e-retail,India has emerged as the fastest growing economy in the world
Read MoreIndian Renewable Energy Development Agency to sanction Rs 13,000 cr loans for renewables in FY18
State-run Indian Renewable Energy Development Agency (IREDA) will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying
Read MorePayU plans Digibank, aims $100 million revenue by March 2018
Financial technology firm PayU is planning to set up a Digibank service in the next 12-18 months and expects to clock revenues of USD 100 million (Rs
Read MoreJindal keen to snap up troubled steel companies for expansion
JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top o
Read MoreDeccan Charter, Alliance Air, others to fly on regional routes
Private charter firms Deccan Charter and Air Odisha together are learnt to have bagged around 50 regional air routes to propel the government?s ambiti
Read MoreBHEL commissions another 250 MW eco-friendly unit in Gujarat
State-owned power equipment maker BHEL today said it has commissioned a 250-mw eco-friendly unit, using low-grade coal (lignite) as a primary fuel. Th
Read MoreFortis Healthcare said to consider buyout of Singapore trust
Fortis Healthcare Ltd, India?s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that
Read MoreGeneral insurance premium set to go up from 1 April
Car, motorcycle and health insurance will cost more from 1 April with regulator Insurance Regulatory and Development Authority (Irdai) giving go-ahead
Read MoreAsian currencies rise as dollar falls across the broad
Most Asian currencies hit multi-month highs on Monday as the dollar declined across the board after U.S. President Donald Trump failed to push through
Read MoreIndia's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($61
Read MoreGold hits 1-month peak as dollar slides on Trump healthcare failure
Gold hits 1-mth peak as dollar slides on Trump healthcare failure rose to a near one-month high on Monday as the dollar slid after President Donald Tr
Read More6 important income tax rules for individuals which will change from April 1, 2017
With the onset of the new financial year, some tax rules for individuals are also going to change. These changes were proposed by Finance Minister Aru
Read MoreGerman firms doubt good business conditions will last - Ifo chief
Many German companies doubt the good conditions in Europe's largest economy will last as they fear disruption from new technologies, the head of the M
Read MoreChina Jan-Feb industrial profits surge most in nearly 6 years as commodities rally
Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of com
Read MoreBOJ March meeting summary: Policy will remain easy for some time
Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central b
Read MoreFebruary without fizz for ports
Cargo growth was a miniscule 0.4% y-o-y at India?s Major Ports (MPs) in February, with the 3x growth in iron ore shipments being offset by a 35% fall
Read MoreStates set to leverage their export power after Narendra Modi booster shot
In a push towards cooperative federalism, 19 states are ready with export strategies prepared in consultation with the Centre, a senior official in th
Read More10 multi-modal hubs likely under transport master plan
The Narendra Modiled government is working on a Rs 10 lakh-crore National Transport Master Plan that will provide seamless movement of freight and pas
Read MoreRupee may depreciate to 68-69 range by Dec 2017, says Edelweiss
The rupee started the year on a bullish note, but it is expected to depreciate to 68-69 range by December 2017, amid global political risks and streng
Read MoreForeign investors to the rescue as inflows help fund India deficit
Economists are betting that India has seen the back of the impact of its unprecedented cash ban, prompting foreigners to pour in investment that?s cru
Read MoreTelcos on 4G spectrum acquisition overdrive as data consumption soars
Telecom operators in India are on an overdrive to acquire additional 4G capacity spectrum to spruce up networks in terms of speed and riding video con
Read MoreFPI inflows hit $6 billion in March on hopes of more reforms
Foreign investors have pumped in about USD 6 billion in capital markets so far this month, buoyed by expectations that BJP's victory in assembly polls
Read MoreForeign Investors Pump in a Record Rs. 38,445 cr in March
Foreign money is pouring into India with the month of March reporting record monthly combined investment inflows in debt and equity markets as the Nar
Read MoreTemasek to buy True North?s 18% in Manipal Health for Rs 1,400 crore
Temasek is all set to acquire an 18% stake in Manipal Health Enterprises Pvt Ltd (MHEPL) from True North, valuing India?s third-largest hospital chain
Read MoreRacing Towards GST, I-T to Hold Industry?s Hand
As India gets ready for its biggest tax reform in decades, industries such as ecommerce, banking and insurance, logistics and others will get another
Read MoreOil Producers Consider Output Cut Extension as Support Grows
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.
Read MoreHNA buys $446mn stake in Old Mutual
Chinese conglomerate HNA Group agreed to buy a 25% stake in Old Mutual's US asset management unit for about $446 million, adding to a $30 billion spen
Read MoreCBDT to waive interest if tax demand paid in retro cases
The tax department will waive interest liability if the principal demand of capital gains tax is paid by companies like Cairn India and Vodafone plc.T
Read MoreGovt likely to keep MGNREGA labour budget for 2017-18 unchanged
For the second year running, the Centre is likely to approve a labour budget of around 2.2 billion person-days under the Mahatma Gandhi National Rural
Read MoreFiling I-T returns: Single-page form for income up to Rs 50 lakh
To encourage more individuals to file returns and widen the tax net, the government is set to introduce a single-page income tax (I-T) return form fro
Read MoreJagran Prakashan consolidates radio biz
Starting Monday, the two radio station brands under the Jagran Prakashan Group -? Radio City (acquired through the acquisition of Music Broadcast) and
Read MoreIncome-tax (3rd Amendment) Rules, 2017
Publish Date : Thursday, March 23, 2017
Corporate realty players on a joint venture highway
In January 2017, Tata Value Homes, a subsidiary of Tata Housing, announced its entry into Noida with its project ?Destination 150? to be developed in
Read MoreOil firms told to plan for mega merger, says oil minister Dharmendra Pradhan
In a move towards integrating state-owned oil firms, the government has asked the firms to come up with a detailed plan for creating one or more larg
Read MoreAadhaar to be mandatory for mobile phone verification
After making Aadhaar mandatory for filing income tax returns and applying for a permanent account number (PAN), the government has moved to make Aadha
Read MoreGold rebounds Rs 350 on buying by jewellers
Gold prices recovered today by Rs 350 to Rs 29,350 per 10 grams at the bullion market on increased buying by local jewellers even as the metal weakene
Read MoreBull market not dead as tax reform takes spotlight
The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Tra
Read MoreFarm loan waiver affects credit discipline: RBI
Echoing State Bank of IndiaBSE 2.81 % chief Arundhati Bhattacharya's views, Reserve Bank of India (RBI) Deputy Governor S.S. Mundra on Thursday expres
Read MoreTata Power to sell Nelito Systems stake to DTS Corp
Tata Power today said its subsidiaries, NELCOBSE 3.92 % and Af-Taab, today entered into an agreement to sell their stakes in Nelito to DTS Corporation
Read MoreEU?s Juncker says UK Brexit Bill will be about $62 billion
The U.K. will have to pay a bill of about ?50 billion ($62 billion) when it leaves the European Union, commission president Jean-Claude Juncker warned
Read MorePradhan Mantri Mudra Yojana pushes banks to provide loans to entrepreneurs; amount hits Rs 58,000 cr mark
G Kumaresan, a graduate from Konneri Kuppam ? a small village near Kancheepuram ? came across a banner of Pradhan Mantri Mudra Yojana (PMMJ) at an Ind
Read MoreModi?s push on infrastructure working: NHAI?s highway completion will be the best ever in FY17
Despite extended monsoons and demonetisation, the National Highway Authority of India (NHAI) has achieved the best track record in completing highway
Read MoreBuzz around General Motors' exit from India gets loud
Talks are gradually gaining ground that the US based car major General Motors (GM) is mulling a complete exit from India, more so as the company's mar
Read MoreBad debt woes: RBI set to take driver's seat in banks' fight against NPAs
The Reserve Bank of India (RBI) will likely find itself at the driver?s seat in the war against bad debt ? closely monitoring big-ticket restructuring
Read MorePetrol set to cost more in Goa as Budget hikes VAT by 15%
Petrol prices in Goa are set to soar as Chief Minister Manohar Parrikar today announced a 15 per cent hike in value-added tax (VAT) on the fuel.The Go
Read MoreBrand Akai looking to set up manufacturing facility in India
Consumer durables brand Akai, which re-entered India last year, will look at setting up a manufacturing facility in India in the next three to four ye
Read MoreCCI slaps Rs 591 crore penalty on Coal India
Competition Commission on Friday imposed a fine of Rs 591 crore on state-owned Coal India for having discriminatory conditions in fuel supply pacts.Ap
Read MoreGVK Power sells 33% stake in BIAL for Rs2,202 crore
GVK Power & Infrastructure on Friday said that it has divested 33% stake in the Bangalore International Airport to FIH Mauritius and Fairfax India Hol
Read MoreFlipkart, eBay India merger on cards
In a move that should strengthen both firms, US headquartered e-commerce firm eBay plans to merge its Indian arm eBay.in with India?s leading e-commer
Read MoreRussian central bank cuts key rate to 9.75%
Russia's central bank cut its key rate to 9.75 percent on Friday and signalled more cuts would probably follow as inflation is on the way to hitting t
Read MoreU.S. business spending picking up, but may slow in second quarter
New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supp
Read MoreEuro zone economy sparkles, lights way for ECB pull-back
If the latest surveys of business intentions are to be believed, the euro zone economy is sparkling, growing at a pace that easily explains the hints
Read MoreGovt approves construction of 10 mn tonnes of steel silos
The government has approved plans to construct steel silos with 10 million tonnes capacity by 2020 in public private partnership (PPP) mode for storin
Read MoreNCDEX seeks Sebi nod for relaunch of tur, chana, urad contracts
The National Commodity & Derivatives Exchange Ltd (NCDEX) has sought capital market regulator Sebi?s approval for relaunch of chana, urad and tur cont
Read MoreMFs' exposure to bank stocks hits record Rs 1.2 lakh cr in Feb end
Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at
Read MoreForex reserves up $2.67 bn to $366.78 bn
India?s foreign exchange reserves surged by whopping $2.671 billion to $366.781 billion for the week ended March 2017 on account of increase in foreig
Read MoreRupee snaps 2-day fall; up 11 paise to 65.41 vs dollar
Staging a smart rebound after two straight sessions of decline, the rupee gained 11 paise today to end at 65.41 against the American currency on fresh
Read MoreHonda India admits to tougher times ahead this fiscal
Passenger car maker Honda is expected to face de-growth in India sales primarily due to shift of the market from diesel to petrol, the company's India
Read MoreP&G Overseas to acquire 3.35% stake in P&G Hygiene
P&G Hygiene and Healthcare today said P&G Overseas India will acquire 3.35% stake in the company for Rs 763 crore from Rosemount LLC, a parent group f
Read MoreFIPB approves 9 FDI proposals worth Rs 659 crore
Inter-ministerial body FIPB has approved nine investment proposals, including those of Netmagic Solutions and Vodafone, totaling a foreign investment
Read MoreCAD may widen to 1.6% of GDP in 2017: Nomura
India?s current account deficit is expected to widen to 1.6 per cent of GDP in 2017 as domestic recovery is likely to further boost import growth, say
Read MoreToyota Brings Lexus to India With Eye on Growing Affluence
Toyota Motor Corp. is bringing its premium Lexus brand to India more than two decades after introducing the marque in China, an acknowledgment of the
Read MoreNarendra Modi government eyes new monetary facility to suck up excess cash in the banking system
The government is exploring the possibility of a new monetary facility ? standing deposit facility ? to suck up excess cash in the banking system, rep
Read MoreNotification No.RBI/2016-17/256
All Agency Banks to remain open for public on all days from March 25, 2017 to April 1, 2017
Read MoreNotification No.RBI/2016-17/255
Special Clearing operations on March 30 and 31, 2017
Read MoreGuidelines for waiver of interest charged under section 201(1A)(i) of the Income-tax Act, 1961
Publish Date : Friday, March 24, 2017
Micron Technology?s profit beats as memory chip prices jump
Micron Technology Inc reported a better-than-expected quarterly profit as it benefited from higher average selling prices for its memory chips used in
Read MoreIndian Bank eyeing retailing sector for growth
Public Sector Indian Bank today opened a branch in Kovaipudur in the city, taking the number to 88 in Coimbatore zone, comprising four districts. The
Read MoreAmazon wants to invest $515 million in food retail
Amazon has sought government approval to invest $515 million (Rs 3,370 crore) in India over five years as the e-commerce giant seeks to enter food ret
Read MoreVodafone-Idea may be worth 23% more than the agreed price
The valuation of the merged Vodafone India-Idea Celullar entity is likely more around Rs 160 a share, 23% higher than the Rs 130 a unit price that the
Read MoreChina inks $4.6 billion deal for Australia mine project
A state-owned Chinese construction giant today sealed a deal to build a Aus$6 billion (US$4.6 billion) mining infrastructure project to tap into resou
Read MoreFlood of remittances: NRIs, overseas Indians sent a whopping $235 billion in three and half years
India received a whopping USD 235 billion in remittances in the last three-and-a-half years, as per government data. In 2013-14, India received USD 69
Read MoreBrexit: Single market benefit 'largely imaginary'
The trade benefits of belonging to the European Union have been "largely imaginary", according to the social policy think-tank Civitas.Its analysis ar
Read MoreEuro zone businesses growing at fastest rate in nearly six years: PMI
Businesses across the euro zone marked the end of the first quarter by ramping up activity at the fastest pace in almost six years to meet burgeoning
Read MoreChina?s economy ranked strongest, says report
China?s economy has been ranked the top performing in terms of overall strength and vitality in a report released at the Boao Forum for Asia on Thursd
Read MoreFed research signals inflation overshoot possible, but is it tolerable ?
The Federal Reserve has begun preparing the public and markets for higher inflation, but has left unanswered the question of how high inflation might
Read MoreNHAI working on 5 expressways to decongest Delhi
The National Highways Authority of India (NHAI) is on the job to finish five expressway projects, including the Rs 4,428-crore Eastern Peripheral Expr
Read MoreChinese, Korean majors vie to build India?s longest road bridge
China?s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 b
Read More137% tax if you don't come clean on hidden cash by March 31, IT department warns evaders
The Income Tax department today warned black money holders that it has "information" about their illegal deposits and they should avail the soon-to-en
Read MoreMother Dairy eyes Rs 10,000 cr revenue in next two years
Mother Dairy Fruit & Vegetable, a wholly owned subsidiary of the National Dairy Development Board (NDDB), is expecting to touch Rs 10,000 crore turnov
Read MoreNet forex reserves increase by $14.2 bn in Apr-Dec
The country added $14.2 billion in foreign exchange reserves on the balance of payment basis during the first nine months of the outgoing financial ye
Read MoreApple to start making iPhone 6 and 6S models in India over next two months
Apple Inc. will soon start assembling iPhones in India for the first time, say government officials familiar with its plans, boosting the company's ch
Read MoreP-notes may take hit on new tax treaties
With the new tax treaty with Singapore and Mauritius coming into effect from April 1, inflows through participatory notes (P-notes) could see a sharp
Read MoreProfit growth for manufacturing cos improved significantly in Q3: RBI
Net profit growth of listed private sector manufacturing companies improved significantly in the third quarter of this fiscal, while there was a contr
Read MoreIndirect transfer: FIIs get tax relief for Apr 11-Mar 15 period
The government has exempted FIIs from taxation of indirect transfers of Indian assets made after 2011 but has left prior period cases open for interpr
Read MoreChina energy giant seen ready to unleash $85-billion spinoff
As China?s biggest oil and gas producer prepares to report what may be its worst-ever earnings, investors are focused on billions of dollars that coul
Read MoreIndia?s crude steel output up 8.9% at 8.1 MT in Feb
Indian crude steel production registered a growth 8.9 per cent to 8.1 million tonnes (MT) in February compared to the same month last year, the World
Read MoreWorld's top LNG buyers form alliance to push for flexible contracts
The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which sh
Read MoreBonds in India Rally Third Day as Foreign Banks Boost Purchases
Indian sovereign bonds climbed for a third day as foreign funds boosted holdings amid expectations of more economic reforms after Prime Minister Naren
Read MoreYES Bank launches $650 million QIP issue, sets floor price in the range of Rs 1,455 - 1,500 a share
Private sector lender YES Bank of Thursday launched a QIP issue of up to $650 million, six months after a similar attempt to raise funds had ended in
Read MoreE-fashion industry to grow four times by 2020
Fashion and lifestyle products continue to rule the heart of online shoppers in India. Of the total Indian fashion market which is at present valued a
Read MoreAuto aftermarket to grow at 10 per cent: ACMA
The Indian automotive aftermarket, consisting of spare parts sales and support systems, is set to grow at a consistent 10.5 per cent over the next two
Read MoreLyft acquires Pune-based fintech company FinitePaths
Ridesharing company Lyft has acquired Pune-based fintech company FinitePaths for an undisclosed sum with the team moving to Lyft. Lyft is based in US
Read MoreICDS provisions to prevail over judicial precedents: CBDT
The tax department today said provisions of ICDS, the new accounting standards for computation of business income, will prevail over judicial preceden
Read MoreThird Protocol amending India-Singapore DTAA notified
The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) was notified on Thursday. The agreement came into force on Febr
Read MoreBharti Airtel goes pan-India in 4G after buying Tikona BWA for Rs 1,600 cr
In a move that underlines the growing consolidation as well as competitiveness in the telecom space, Bharti Airtel on Thursday acquired the broadband
Read MoreCAD at 1.4% of GDP in Dec 16 quarter
India?s current account deficit (CAD) more-than doubled to USD 7.9 billion in the third quarter of 2016-17 from the preceding quarter. As a proportion
Read MoreNotification No. 16 /2017 [ F. No.187/3/2017-ITA-I
Publish Date : Wednesday, March 22, 2017
RInfra demerger plan to be pushed to FY18
The Anil Ambani-promoted Reliance Infrastructure (RInfra) is likely to postpone its demerger plan to the next financial year. The company has moved th
Read MoreDow Chemical-DuPont merger to have adverse effect on competition: CCI
The Competition Commission of India (CCI) believes that the global merger deal between Dow Chemical and DuPont may impact competition in the country.
Read MoreGoDaddy sharpens focus on India
GoDaddy, one of the world's largest web hosting entities, said it would make deeper inroads in this country and launch a host of India-specific tools
Read MoreIndia Inc gets a taste of global protectionism headwinds
Make in India may feel the pinch of a global wave of protectionism. Launched in September 2014, the initiative aims to encourage multinational as well
Read MoreDLF completes restructuring of JVs with Blackstone-led Ridgewood Holdings
Realty major DLF on Wednesday said it has completed the restructuring of its joint ventures with global investment firm Blackstone-managed Ridgewood H
Read MoreAmerican Airlines said to buy stakes in China airline
American Airlines is in advanced talks to buy a $200 million stake in Asia's biggest airline China Southern, reports said Thursday, as it looks to get
Read MoreSouth Korea throws shipbuilder Daewoo new $6 billion lifeline
South Korea offered troubled Daewoo Shipbuilding & Marine Co. a new $6 billion bailout on Thursday, as the giant firm's financial crisis worsens. Daew
Read MoreHDFC to raise Rs 1,498 crore to shore up long term capital
Mortgage lender HDFC Ltd said on Wednesday it will raise Rs 1,498 crore by issuing debentures on Friday with a view to augment its long term capital.
Read MoreRupee erases early gains against US dollar on Asian cues
The Indian rupee on Thursday erased all its morning gains and was trading marginally lower against the US dollar tracking losses in the Asian currenci
Read MoreFMCG, healthcare sectors beat market return over 10yr period: Ambit Capital
Ten years is a long time in investing, especially in equities. But disciplined investing does have its own merits. According to a recent report titled
Read MoreInfrastructure: NHAI lines up massive Rs 5.35 lakh cr expenditure plan
Relying heavily on a planned over-300% increase in annual market borrowings and likely handsome proceeds from leasing out of existing projects under t
Read MoreCarlyle frontrunner to buy 26% stake in SBI Cards for Rs 2000 crore, GE to fully exit JV
Private equity firm Carlyle has emerged as the frontrunner to partner SBI in its credit cards business and replace long term partner GE Capital, said
Read MoreFinance Ministry asks banks to absorb surplus cash
The finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, ac
Read MoreExpect 9-10% growth in two-wheeler sales next year: Subrata Ray, ICRA
In a chat with ET Now, Subrata Ray, ICRABSE -0.36 %, says the growth in scooter segment will be higher at 14-15% vis-a-vis motorcycle sales. Edited ex
Read MoreGerman consumer sentiment unexpectedly falls heading into April - GfK
German consumer sentiment unexpectedly fell to its lowest level in five months going into April, a survey showed on Thursday, partly due to people's c
Read MoreGBS 2017: This is how global business is transforming due to internet effect
Technology innovation in the last decade has predominantly been viewed through a developed economy lens. But, in the past five years, the dynamic natu
Read MoreCabinet nod for raising NABARD captial to Rs 30,000 crore
The Union Cabinet today approved amendments to the NABARD Act to increase authorised capital to Rs 30,000 crore from Rs 5,000 crore, a move that will
Read MoreCabinet clears abolition of cesses for GST rollout, government to incur Rs 65,000-crore loss
The Union Cabinet has approved amendments in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services t
Read MoreApollo to manufacture tyres for defence forces
Apollo Tyres? Chennai facility is gearing up to manufacture special tyres for the Indian defence forces that are currently imported by them at exorbit
Read MoreJapanese Exports Jump Most in Two Years, Led by Sales to China
Japan?s exports rose for a third consecutive month in February as strengthening global demand continued to help the nation?s moderate economic recover
Read MoreFed's Kaplan sees three rate hikes in 2017, eyes balance sheet
With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times t
Read MoreHigher interest rates may halt 8-year bull market run: BofA-ML
Investors worry that the eight-year bull market might come to an end due to higher interest rates, BofA Merrill Lynch Fund Manager Survey said in a re
Read MoreNew Rs 10 currency notes in Mahatma Gandhi Series coming soon, says RBI
The Reserve Bank of India (RBI) will soon issue new Rs 10 currency notes in Mahatma Gandhi Series-2005. The central bank stated that all the banknotes
Read MoreUK Car Exports to India Grow 11-Fold in 7 Years, Jaguar Land Rover Tops The List
Export of cars from Britain to India grew almost 11-fold in the past seven years with Tata Motors-owned JLR's Land Rover and Jaguar models topping the
Read MoreBrookfield, ATC Vie for $1.5 Billion India Tower Assets
Canadian alternative asset manager Brookfield Asset Management Inc. is vying with American Tower Corp. for the wireless towers of two operators in Ind
Read MoreSamsung launches mobile payments service 'Samsung Pay' in India
Samsung on Wednesday announced the launch of its flagship mobile payments service, Samsung Pay in India for simple and secure purchases almost everywh
Read MoreE-commerce: Snapdeal to divest 17.13% stake, exit DEN-Snapdeal TV Shop business
Jasper Infotech operated e-commerce platform Snapdeal is looking at exiting teleshopping business DEN-Snapdeal TV Shop by divesting its entire stake i
Read MoreBeleaguered ONGC expects higher gas prices to give boost in face of falling production
Under fire for its falling production, state-owned ONGC is looking at higher gas prices which will make its businesses economically viable. On the one
Read MoreGifts to trusts for benefit of kin exempted from tax
Gifts to trusts in the form of money or property for the benefit of relatives will not be taxed. The finance bill, approved by the Lok Sabha on Wednes
Read MoreEnergy efficiency scheme leads to Rs. 37,685-crore savings for the country
The ?Perform, Achieve, Trade (PAT)? scheme, run by the Bureau of Energy Efficiency, has brought in savings of Rs.37,685 crore, according to a press re
Read MoreCrude oil market trending towards a decline
Despite the recent agreement among major producers including Saudi Arabia and Russia to cut crude oil production and support prices, the momentum seem
Read MoreGovernment infuses Rs 1,100 capital into Indian Overseas Bank
Chennai-based Indian Overseas Bank (IOB), going through a tough time due to increase in non-performing assets, is to get Rs 1,100 crore from the Gover
Read MoreUS investment banks strengthen global lead over Europe
JP Morgan retained its place atop the global investment banking league table last year, with the top five places now firmly in the hands of U.S. banks
Read MoreRBI amends hedging norms for MNCs' Indian subsidiaries
The Reserve Bank of India (RBI) on Tuesday said it has amended the hedging guidelines for Indian subsidiaries of multi-national companies (MNCs) with
Read MoreMFs see Rs 30k cr inflow in Feb; Rs 3.98 lakh cr in 11 months
Investors have pumped in more than Rs 30,000 crore into various mutual fund schemes in February, with liquid, income and equity funds attracting the m
Read MoreNote ban effect: GDP growth to slow to 6.7% in Jan-Mar 2017, says Nomura
India's GDP growth is expected to slow to 6.7 per cent in the January-March quarter of this financial year as overall activity is yet to bounce back t
Read MoreEPFO cuts admn charges to 0.65%; firms to save Rs 1K cr a year
Retirement fund body EPFO has decided to reduce the administrative charges to 0.65 per cent of total wages of an employee from April 1, a move that wi
Read MoreSensex posts biggest drop of 2017, ends at 29,167
The Indian share markets saw their biggest fall of 2017 on Wednesday, amid weak global cues and continued selling in banking stocks.Falling for a thir
Read MoreClarification on Income Computation and Disclosure Standard (ICDS) notified under section 145(2) of the Income-tax Act, 1961
Publish Date : Thursday, March 23, 2017
17 states have agreed to form joint ventures with Railways: Suresh Prabhu
Seventeen states have agreed to form joint ventures with the Railways to fast track infrastructure projects, the Lok Sabha was informed today.Railways
Read MoreAadhaar to be mandatory for income tax returns, getting PAN
The government on Tuesday proposed making Aadhaar, the unique number issued by the Unique Identification Authority of India, mandatory for filing of i
Read MoreGold hits 3-week peak as investors shun equities on Trump worries
Gold prices rose to a three-week high on Wednesday as risk-averse investors dumped equities amid a weaker dollar and sought safe havens on growing dou
Read MoreSensex closes down 318 points, Nifty 1% lower on worries over Trump?s policies
Sensex dropped for a third straight session on Wednesday as banking and automobile shares fell, while regional markets were trading lower tracking ove
Read MoreAsia firms' confidence hits near 2-year high on U.S., China pick-up
Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs fro
Read MoreHow India switched to digital payment methods
After the government banned Rs 500 and Rs 1,000 notes in November?16, digital activity levels were low in the initial weeks as people were busy deposi
Read MoreIndia GDP growth to slow to 6.7 per cent in January-March 2017: Nomura
India?s GDP growth is expected to slow to 6.7 per cent in the January-March quarter of this fiscal year as overall activity is yet to bounce back to l
Read MoreRBI recasts norms on currency hedging for MNCs
The RBI today changed norms to provide operational flexibility to multinational entities and their Indian subsidiaries exposed to currency risks arisi
Read MoreNotification No.RBI/2016-17/254
Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
Read MoreAl Ameen Green, Russian company to set up 100 MW solar in TN
Chennai-based Al Ameen Green Energy has tied up with a Russian company Miyota Power for setting up a 100-MW solar power plant near Virudhunagar, Tamil
Read MoreIL&FS to exit China JV with Chongqing Expressway; 49% stake may fetch it $170 mn
IL&FS is selling its 49% stake in its joint venture with China?s Chongqing Expressway Group (CEG), marking a premature end to its five year-old foray
Read MoreWalmart Expands Its E-Commerce Ambitions using a completely new Investment Arm
The purchase of Jet, an upstart e-commerce venture, for $3.3 billion last summer was meant to give Walmart, the nation?s largest retailer, a way to tr
Read MoreEU Trade Restrictions Would Hamper Productivity Growth, ECB Says
Trade restrictions in the European Union would lower productivity growth, the European Central Bank said.Exporters tend to be the most productive and
Read MoreUS current account shrinks in fourth quarter
The U.S. current account deficit unexpectedly fell in the fourth quarter, hitting its lowest level in more than a year, as an increase in the primary
Read MoreOECD sees China growth slowing to 6.5 percent in 2017, 6.3 percent in 2018
China's economic growth is likely to slow to 6.5 percent this year and cool further to 6.3 percent in 2018, the OECD said, though exports are set to p
Read MoreUK inflation shoots above two percent, adding to Bank of England conundrum
British inflation shot past the Bank of England's 2 percent target last month, potentially adding to uneasiness among some officials at the central ba
Read MoreOil Slides as Market Discounts OPEC Output Cut Extension Talk
Oil prices on Tuesday fell close to its lowest in a week as the market discounted the latest talk by OPEC that it would extend output cuts beyond June
Read MoreGeneral insurers achieve 32% gross premium growth in FY17
General insurance companies continued their positive performance and posted about 32% growth in gross direct premium in the current financial year til
Read MoreNBFCs' NPAs to linger on for 1-2 quarters more on note ban: Moody's
With demonetisation affecting their collections across asset classes, non-banking financial companies (NBFCs) are likely to see a spurt in delinquency
Read MoreGovt considering 100% FDI in insurance broking
The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attr
Read MoreSBI to tap overseas bond market again; eyes $1.5 bn in dollar debt
State Bank of India has said it will be hitting the overseas debt market with a $1.5 billion dollar bond sale next financial year.SBI, which has a boa
Read MoreTelecom sector?s debt burden to hit R4.5 lakh cr by FY17-end: Icra
Intense competition in the domestic telecom space further fueled by the entry of Reliance Jio Infocomm (Jio) has not only impacted the revenue and mar
Read MoreBengaluru: Wooplr revenue jumps from Rs 19,898 to Rs 1.02 cr, but net loss widens 8x at Rs b18.8 cr in FY16 as expenses soar
Wooplr, a fashion discovery platform, has reported a net loss of R18.8 crore for FY16, compared to a loss of R2.33 crore registered during the previou
Read MoreMedia and Entertainment sector grows Rs 1.26 lakh crore in 2016
The media and entertainment (M&E) industry grew by 9.1% in 2016, to reach Rs 1,26,210 lakh crore, according to the FICCI-KPMG Media and Entertainment
Read MoreDespite 22% revenue surge, MakeMyTrip India posts Rs 351 cr loss
MakeMyTrip (India), that contributes about 85% revenues of its parent company MakeMyTrip, has posted a net loss of R351 crore for the financial year 2
Read MoreDomestic aviation market grows 16% in February
The domestic aviation market grew 16 per cent year-on-year (y-o-y) in February with the domestic airlines carrying 8.7 million passengers, compared wi
Read MoreGovernment moves a fresh proposal to limit cash transactions at Rs 2 lakh
The government wants to tighten even further the proposed Budget measure aimed at discouraging black money through restrictions on cash transactions ?
Read MoreAffluence to drive consumption in India to $4 tn by 2025
Consumption in India is set to triple to USD 4 trillion by 2025 as rising affluence drives changes in consumer behaviour and spending patterns, says a
Read MoreOperational PSUs in India post 12.5 per cent growth in net profit in FY 2016
The government on Tuesday said 244 operational central public sector enterprises (CPSEs) generated a net profit of Rs 1,15,767 crore in 2015/16. It's
Read MoreSteel firms mull Rs 1,000 a tonne hike from April
With iron ore prices on a rise and domestic demand likely to pick up by mid-April, steel producers have already raised product prices by Rs 1,000 per
Read MoreIndia Inc borrows $2.23 bn from foreign sources in February 2017
Indian firms' borrowing from foreign sources stood at $2.23 billion in February 2017, RBI data showed today. In February 2016, the domestic companies
Read MorePorsche pockets a whopping $17,250 profit on every car
Porsche?s profit machine, already humming, just shifted up. The Volkswagen AG brand delivered 238,000 of its sinuous vehicles last year and posted an
Read MoreIndia Inc more analytics savvy than global peers
A study commissioned by EY shows that Indian organisations are ahead of their global peers when it comes to having an advanced analytics strategy, wit
Read MoreIf the US wants high-end manufacturing jobs, the US needs imports
President Donald Trump was swept into office on promises of shaking up the U.S. economy, but one of his hallmark plans may run into a harsh economic r
Read MoreUK inflation rate leaps to 2.3%
Rising fuel and food prices helped to push last month's inflation rate to the highest since September 2013.Inflation as measured by the Office for Nat
Read MoreRBI issues draft master circular for revised PPI norms
The Reserve Bank of India has asked all prepaid payment licence holders who mostly issue mobile wallets to convert their minimum KYC (Know Your Custom
Read MoreDemonetisation slashes annual advertising growth rate by 1.5% - 2.5%
Demonetisation led to a decline in annual advertising growth rates of TV, print and radio by an estimated 1.5% to 2.5%, while loss in revenues stood b
Read MoreNBFCs will show up better asset quality: Moody's
Non-banking finance companies could well outpace commercial banks, struggling to grow amid muted loan expansion and bad loan burden, said global ratin
Read MoreOECD sees China growth slowing to 6.5 pct in 2017, 6.3 pct in 2018
China's economic growth is likely to slow to 6.5 percent this year and cool further to 6.3 percent in 2018, the OECD said, though exports are set to p
Read MoreIncome Tax relief on money in single parent?s account may lead to tax evasion: Law panel
The income tax exemption on the money deposited in a single parent?s account as maintenance for a minor child in a divorce settlement case could open
Read MoreGold is marooned between U.S. rates and India demand - Clyde Russell
It's not unusual for a financial market to be pulled in different directions simultaneously by competing influences, but what is notable for gold curr
Read MoreConsumer loan demand is back and credit quality too is good: Transunion Cibil
Consumer credit demand is back after post demonetisation hiccups. Good news that credit quality too is stable, a report by Transunion Cibil notes. Aft
Read MoreGST relief for exporters, some refunds to continue
Exporters will continue to get certain duty refunds as incentives after the Goods and Services Tax is implemented. The GST Council has framed the draf
Read MoreGovernment considering 100 per cent FDI in insurance broking
The government is considering allowing 100 per cent foreign direct investment in insurance broking with a view to giving a boost to the sector and att
Read MoreConsumption story set to treble to $4 trillion by 2025
Consumption in India is set to triple to USD 4 trillion by 2025 as rising affluence drives changes in consumer behaviour and spending patterns, says a
Read MoreUnion Cabinet clears four GST supplementary legislations
The Union Cabinet on Monday approved four supporting Goods and Services Tax (GST) legislations in its bid to introduce them before Parliament as early
Read MorePiramal acquires Mallinckrodt LLC's pain drug portfolio
Piramal Enterprises today said it has completed acquisition of a portfolio of drugs for spasticity and pain management from Mallinckrodt LLC. Piramal
Read MoreEscorts scrip races ahead on sales, profit
Nikhil Nanda, managing director of Escorts, was pleasantly surprised early this month when an employee walked up to him on the shop floor to talk abou
Read MoreNot just Cognizant: Other IT firms may hire 40% fewer engineers this year
Fresh graduates out of engineering colleges may find getting a job tougher at large IT services firms this year as India's IT industry struggles with
Read MoreIn diversification bid, Coal India plans to produce petroleum oil in Jharkhand
Coal IndiaBSE 0.45 % is considering producing petroleum oil at its Chatra coal mine in Jharkhand. Petroleum oil from coal is part of the state-run coa
Read MoreUP farm loan waiver: SBI report sees Rs 27,420 cr hit on banks
If the UP government fulfils its farm loan waiver promise, banks are likely to take a hit of Rs 27,420 crore and the scheme will lead to some stress o
Read MoreBerkshire's Lubrizol to take majority stake in India joint venture
Lubrizol Corp, the specialty chemicals unit of Warren Buffett's Berkshire Hathaway Inc (BRKa.N), said on Monday it plans to take majority control of i
Read MoreXiaomi sets up second India unit
Xiaomi has set up a second factory in the country in Andhra Pradesh?s Sri City, the company announced on the sidelines of its Redmi 4A launch in New D
Read MoreFed on track to raise U.S. rates twice more this year: Evans
The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggress
Read MoreOPEC leans toward oil cut extension, but non-members need to be in
OPEC oil producers increasingly favor extending beyond June a pact on reducing crude supply to balance the market, sources within the group said, alth
Read MoreIndia aims $11b at asset sale target
India is asking private equity funds to invest in profit making state-controlled companies as Asia?s third biggest economy seeks to meet its asset sal
Read MoreRupee Jump May Push India Central Bank to Use Rare Cash Tool
The rupee?s surge and a banking system awash with funds will shift focus to a little-used tool in the Indian central bank?s arsenal before next month?
Read MoreSnapdeal to invest $20 million in Freecharge, names Jason Kothari as CEO
Snapdeal, run by Jasper Infotech Pvt. Ltd, has named Jason Kothari as the chief executive officer (CEO) of Freecharge, the e-commerce marketplace said
Read MoreUDAY states see Rs 11,989-cr drop in interest cost
The interest cost of the states part of the UDAY scheme has come down by around ?11,989 crore for April-December of 2016-17 over the year-ago period.?
Read MoreGST impact on inflation to be less than 20 bps: Nomura
The implementation of Goods and Services Tax (GST) is likely to be fiscally neutral and its impact on inflation is expected to be less than 20 basis p
Read MoreRupee scales new 16-month high, up 10 paise at 65.36
The rupee regained its dominance after a brief consolidation phase and ended Monday at a fresh 16-month high of 65.36 against the American currency in
Read MoreIdea Cellular, Vodafone ink no-cash $23 bn merger; dial themselves into No. 1 spot in India
Vodafone India and Idea Cellular on Monday unveiled the contours of a $23-billion no-cash merger which will create India?s biggest telecom company wit
Read MoreBank of England to focus more on protecting insurance policyholders
The Bank of England will spell out more clearly what insurers should be doing to protect policyholders such as the elderly after a report called for c
Read MorePrivate Equity now funds 75% of Indian property market as banks pull out
Indian realty, it appears, owes its concrete foundations to private equity. Investment capital from uber rich individuals and institutions ? or privat
Read MoreFlipkart said to raise $1 billion with plans for $1 billion more
Flipkart Online Services Pvt has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according t
Read MoreIdea approves merger with Vodafone India, to create India's largest telco
Kumar Mangalam Birla owned Idea Cellular said its Board has approved of a merger with Vodafone India and its wholly owned subsidiary Vodafone India Mo
Read MoreNITI to lend support in development of 10 big infrastructure projects
NITI Aayog will prepare a list of 10 big infrastructure projects that can be developed under the public private partnership (PPP) mode. The proposal t
Read MoreNotification No.22/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 17th March, 2017
Read MoreFII inflows to continue in Indian markets on back of good government reforms: Shaktikanta Das
Economic Affairs secretary Shaktikanta Das in an exclusive interview talked about issues relating to global growth, macro-economics, FII and world tra
Read MoreCoal-based power generation rises 6 per cent to 674 billion units in April-December
The coal-based power generation increased by six per cent to 674.4 billion units (BU) during the April-December period of the ongoing fiscal, Parliame
Read MoreECB wants "ambitious and realistic" push to cut unpaid bank loans
The European Central Bank expects euro zone banks with high levels of unpaid loans to submit "ambitious and realistic" plans to bring them down, it sa
Read MoreMaharashtra to set up infra SPV to raise Rs 1 lakh crore
Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government today proposed to set up a
Read MoreDigitisation to transform 80% of informal economy: JP Nadda
More than 80% of informal economic activities, especially in retail, will be brought into formal economy through digitalisation and cash-less transact
Read MoreOnline giants plan offline push to sell smartphones
Two of the country?s largest marketplaces, Amazon and Flipkart, are set to push sales of their online exclusive smartphones through brick-and-mortar s
Read MoreFPIs pump in $3.4 b in March
Foreign investors pumped in $3.4 billion in the capital markets so far this month, buoyed by expectations that BJP?s landslide poll victory is a precu
Read MoreRBI?s rate setting will be a tight-rope walk
The recent quarter-point rate hike by the US Fed signalled the process of getting interest rates up to what it terms their ?normal? levels. It also in
Read MoreWeak physical oil market hits hedge funds
The real world of oil trading - where actual cargoes are bought and sold - is doing little to help the hedge funds and other speculators who placed re
Read MoreGold gains sheen on weak dollar
Gold prices made a smart recovery, gaining about 2 per cent in the past week. All thanks to the US Fed Chair Janet Yellen for sticking to her earlier
Read MoreEPFO may invest up to 15% of investable amount in equity markets
Buoyed by the surging stock markets, the Employees Provident Fund Organisation (EPFO) may propose to invest up to 15 per cent of its investable amount
Read MoreBoth foreign and domestic flows turn positive
It is not often that inflow from foreign and domestic institutional investors trend in the same direction. Typically, when foreigners sell, the domest
Read MoreUnilever prepares sale of food brands worth ?6-bn
Unilever is preparing a ?6 billion ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday. The Anglo-Dutch company i
Read MoreGST may add to India Inc's documentation burden
Industry is worried it might face increased compliance burden due to rules under the proposed goods and services tax (GST) regime. Companies would ha
Read MoreBrownfield growth key to Indian steel target of 300 mt
India?s top steelmakers ? SAIL, JSW Steel and Tata Steel ? have added capacities totalling 16.7 million tonnes (mt) in the last decade, 21 per cent of
Read MoreIs Oracle's cloud growth a worry for Indian IT?
Enterprise software major Oracle?s big push towards cloud-based services may further hit Indian IT firms. Companies such as Infosys, TCS, Wipro, Cogn
Read MoreGM turns Talegaon into export hub
Struggling to turn around its operations in this country, US-based automobile maker General Motors India (GM) has almost turned its Talegaon (near Pun
Read MoreMaruti Suzuki aims to improve upon own FY17 performance
Maruti Suzuki, the country?s largest car maker, is drawing up an aggressive strategy for another year of double-digit growth in the domestic market.
Read MoreIn expansion mode, Reliance Retail may spend Rs 2,500 crore
After the group?s aggressive focus on its telecom business under the Jio brand, Mukesh Ambani-led Reliance Industries is looking to significantly scal
Read MoreLarge corporate loan recast in deep waters
A large number of corporate debt proposals would miss the March-end deadline and fall into the non-performing assets (NPAs) category, with banks refus
Read MoreChina opposes trade protectionism, supports free trade: vice premier
China opposes various forms of trade protectionism and supports free trade, Vice Premier Zhang Gaoli said on Sunday, reaffirming Beijing's stance amid
Read MorePost-Fed Calm in Treasuries Masks a Raging Bulls-Bears Debate
The Federal Reserve?s rate hike is in the rear view mirror, Treasuries volatility is tumbling and the consensus on Wall Street is for 10-year yields t
Read MoreG20 trade wording considered a setback for export champion Germany
The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a
Read MoreE-commerce firms to pay up to 1% TCS under GST
E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent TCS (Tax Collected at Source) while making payments to thei
Read MoreNarendra Modi government eyes Rs 50,000 cr from funds via toll-operate-transfer mode for NHAI
In a move that could fetch the government upwards of R50,000 crore, a host of pension funds, sovereign funds and private equity funds may invest in th
Read MoreProcedure of PAN application through Simplified Profoma for Incorporating Company Electronically (SPICe)(Form No. INC-32) of Ministry of Corporate Affairs
Publish Date : Thursday, March 9, 2017
Unido to double India spend, focus on 5 cities
In an attempt to enhance Indian cities' credit-worthiness and improve their ability to access financing, the United Nations Industrial Development Org
Read MoreUP gets another AMRUT gift from Modi: Projects worth Rs 4,239 crore for urban development
The Centre has approved projects worth Rs 4,239 crore for improving urban infrastructure during next the three years in Uttar Pradesh under AMRUT sche
Read MoreAdvance pricing agreement with rollback provision from April 1 under India-Korea DTAA
The revised tax treaty with Korea provides for taxpayers to file for bilateral advance pricing agreement, along with rollback provision, for settling
Read MoreIndian banking sector's stressed loans increase to $147.33 billion
Indian banks had stressed loans of Rs 9.64 lakh crore ($147.33 billion) as of end-December, Santosh Gangwar, minister of state for finance, told lawma
Read MoreSouth Korea's POSCO offers to surrender land for planned India steel project
South Korean steelmaker POSCO has asked the eastern state of Odisha in India to take back land it acquired for a $12 billion steel project as it has n
Read MoreInflation may again play spoilsport in RBI's April 6 review meet
A study titled Macroeconomic Impact of Demonetisation - A Preliminary Assessment released by Reserve Bank of India (RBI) on the March 10, 2017 had ind
Read MoreFinally, GST is coming in July: A primer on India's biggest tax reform
With the Goods and Services Tax (GST) council approving the remaining two of the five bills concerning the tax regime on Thursday, India's most ambiti
Read MoreNotification No.RBI/2016-17/253
Exim Bank's Government of India supported Line of Credit of USD 50 million to the Government of Co-operative Republic of Guyana
Read MoreNotification No.RBI/2016-17/252
Exim Bank's Government of India supported Line of Credit of USD 10 million to the Government of Co-operative Republic of Guyana
Read MoreNotification No.RBI/2016-17/251
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 - Clarification
Read MoreNotification No.RBI/2016-17/250
Annual Closing of Government Accounts ? Transactions of Central / State Governments ? Special Measures for the Current Financial Year (2016-17)
Read MoreNotification No.RBI/2016-17/249
Reporting and Accounting of Central Government Transactions of March 2017
Read MoreNotification No.RBI/2016-17/248
Formation of seven new districts in the State of Manipur - Assignment of Lead Bank Responsibility
Read MoreNotification No.RBI/2016-17/247
Exim Bank's Government of India supported Line of Credit of USD 92.18 million to the Government of Tanzania
Read MoreNotification No.RBI/2016-17/246
Exim Bank's Government of India supported Line of Credit of USD 750 million to the Government of Nepal
Read MoreNotification No.RBI/2016-17/245
Disbursal of loan amount in cash
Read MoreNotification No.RBI/2016-17/244
Inclusion of ?The Royal Bank of Scotland plc? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2016-17/243
Gold Monetisation Scheme
Read MoreNotification No.RBI/2016-17/242
Infrastructure Financing- Definition of 'Infrastructure Lending'
Read MoreNotification No.RBI/2016-17/241
Exim Bank's Government of India supported Line of Credit of USD 78 million to the Government of the Republic of Sierra Leone RBI/2016-17/241
Read MoreNotification No.RBI/2016-17/240
Exim Bank's Government of India supported Line of Credit of USD 26 million to the Government of the Republic of Senegal
Read MoreNotification No.RBI/2016-17/239
Exim Bank's Government of India supported Line of Credit of USD 23.50 million to the Government of the Republic of Malawi
Read MoreNotification No.RBI/2016-17/238
Exim Bank's Government of India supported Line of Credit of USD 15 million to the Government of the Republic of Kenya
Read MoreNotification No.RBI/2016-17/237
Exim Bank's Government of India supported Line of Credit of USD 29.95 million to the Government of the Republic of Kenya
Read MoreNotification No.RBI/2016-17/236
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review
Read MoreNouriel Roubini warns: Markets are overestimating Trump policy positives
Closely-watched economist Nouriel Roubini says markets are overestimating how many beneficial policies President Donald Trump can enact, and they're u
Read MoreBrazil's president says economy growing again, confidence returning
President Michel Temer said Friday that the Brazilian economy has begun to grow again and create new jobs, and the country is recovering business conf
Read MoreFebruary air passenger growth falls below 20 per cent after 13 consecutive months
The growth in number of domestic air passengers for the month of February grew at a slower rate of 15.8%, after registering thirteen consecutive month
Read MoreIncome Tax department makes public list of defaulters owing Rs 448 crore
The Income Tax department today released a list of 29 entities owing Rs 448.02 crore in taxes as part of its strategy to name and shame large defaulte
Read MoreGM puts India investments on hold over sluggish sales
General Motors has put investment plans in India "on hold" as the US auto major struggles to make a business case due to constantly declining sales, l
Read MoreLow credit demand due to corp deleverageing,debt funds: Deepak Parekh
With commerical banks frowning at the low 5 per cent credit and blaming it on weak industrial activity, HDFC chairman Deepak Parekh said this should n
Read MoreRBI likely to add tough riders to regulate P2P growth
The Reserve Bank of India (RBI) is expected to introduce strong riders to prevent the nimble peer-to-peer (P2P) lending industry from growing rapidly
Read MoreNon-life, health insurance: Norms eased for recruiting PoS persons
The Insurance Regulatory and Development Authority of India (IRDAI) has eased norms for recruitment of Point-of-Sales (PoS) persons by non-life and he
Read MoreAdobe (ADBE) Beats Earnings and Revenue Estimates in Q1
Adobe Systems Inc. ADBE reported first-quarter fiscal 2017 earnings of 78 cents per share, beating the Zacks Consensus Estimate by 6 cents. Adjusted e
Read MoreTextile exports slump 4.5 per cent to $26 bn in Apr-Dec
The country's textiles exports dipped by about 4.5 per cent to USD 26 billion during April-December of this fiscal."The exports of textiles during 20
Read MoreShoppers Stop hopes omni-channel will be ready by FY18
India's leading modern retailer Shoppers Stop Ltd is hoping to be ready with its omni-channel project by 2017-18, a top company official said on Frida
Read MoreApollo Tyres to invest Rs.525 cr for greenfield plant in AP
Apollo Tyres Ltd, which has entered into an agreement with the Andhra Pradesh government for a greenfield manufacturing plant, will get a host of conc
Read MoreForex reserves rise by $98.6 m
India?s foreign exchange reserves nudged up $98.6 million in the week ended March 10. In the previous week, the reserves had jumped by $1.218 billion.
Read MoreMaharashtra to grow at 9.4% in 2016-17
Maharashtra are here. According to the Economic Survey for 2016-17 presented in the state legislature, the gross state domestic product (GSDP) for 201
Read MoreRupee retreats from 16-month high; down 5 paise at 65.46
The rupee on Friday retreated from 16-month high level to close down by 5 paise at 65.46 against the US currency on dollar demand from importers and s
Read MoreSun Pharma's arm to acquire Canadian drug firm Thallion
India's biggest drugmaker Sun Pharmaceutical Industries Ltd has agreed to acquire Canadian pharmaceuticals firm Thallion Pharmaceuticals Inc for 2.7 m
Read MoreEuro zone exports rise in January, but trade balance in deficit
The euro zone recorded in January a trade deficit for the first time in three years as a rise in exports from a year earlier was more than offset by a
Read MoreUS Factory Production Rose for 6th Straight Time in February
U.S. factories cranked out more autos, steel and computers in February, the sixth straight monthly increase in manufacturing output.Factory production
Read MoreIndian steel exports grow 78% during April-February
Indian steel exports have risen by 78 per cent in the eleven months (April-February) of the current fiscal and the country is on course to becoming th
Read MoreAs cement demand in Gujarat, Karnataka soars, Adani Cementation to set up Rs 3,000 cr worth plants
Adani Cementation, the wholly-owned subsidiary of Adani Enterprises, is in the process of setting up cement-grinding and clinker facilities in Gujarat
Read MoreIndia, Russia to set up $1 bn fund to promote business:Nirmala
India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Mi
Read MorePostal dept sees 11% jump in revenue to Rs 13K cr in FY16
The total revenue earned by Department of Posts (DoP) has grown over 11 per cent to about Rs 12,940 crore in 2015-16, Parliament was informed today.D
Read MoreNifty ends at record close for 2nd straight session, up 2.5% for the week
Benchmark indices settled the day marginally high with Nifty50 index hitting another fresh closing of 9,160 even as markets pared gains in the later h
Read MoreEven as ONGC set to invest Rs 30,000 cr in FY18, oil output likely to fall, but gas supply to rise
Despite state-owned ONGC likely to keep its capital expenditure budget at R30,000 crore in FY18 ? this does not include the R8,000 crore it has to pay
Read More?Engineering exports to cross $60 billion this fiscal?
India?s engineering exports are likely to cross $60 billion in fiscal 2016-17, on the back of a revival of demand in the US and for select products li
Read MoreHalfway into 2017?s OPEC supply cut, Asia remains awash with fuel
Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group?s efforts to rein in a global glut have so far had litt
Read MoreGST closer to July 1 rollout: 5 draft Bills cleared, demerit goods cess capped at 15%
The Central government moved another step closer towards the implementation of the country?s most ambitious indirect tax reform of Goods and Services
Read MoreEuro zone lifted as ECB joins central bank trend
The euro briefly jumped to a five-week high and the bloc's bond yields and banking stocks climbed on Friday as comments from an ECB policymaker prompt
Read MoreNifty hits record highs; set to outperform bonds
India's broader NSE stock index hit a record high on Friday, as bets on improving earnings and additional economic reforms are fuelling a rally that i
Read MoreRural demand revival crucial in resolving stressed loans: Arundhati Bhattacharya
The chief of India?s largest lender State Bank of India today said that greater focus on agriculture was required to give a fillip to rural demand. Ar
Read MoreIt?s the return of the yield but a long road ahead for European banks
The European banking sector has seen enough worries in the last few years owing to low interest rates, massive fines and weak earnings results. But wi
Read MoreThe global economy enjoys a synchronised upswing
ECONOMIC and political cycles have a habit of being out of sync. Just ask George Bush senior, who lost the presidential election in 1992 because voter
Read MoreMFs asset base from smaller cities up 44% at Rs 3 lakh cr
Contribution of the country's smaller towns -- known as beyond-15 cities (B15) -- to mutual funds' asset base surged 44 per cent to Rs 3.07 lakh crore
Read MoreFDI cap tweak in print media in the works
The Narendra Modi government is planning the next big round of foreign direct investment (FDI) liberalisation, which could have significant implicatio
Read MorePolicy seeks to raise health spend to 2.5% of GDP
Setting ambitious targets, the central government on Thursday unveiled the National Health Policy, which entails raising public expenditure on health
Read MoreRegulator allows insurers to invest in infrastructure funds
The Insurance Regulatory and Development Authority of India (Irda) has cleared investment by insurance companies in Real Estate Investment Trusts (Rei
Read MoreAdvance tax mop-up rises only 6% in Q4
India?s top 100 companies paid six per cent more advance tax in the March quarter than they did a quarter ago. Of these, 43 companies contributed Rs
Read MoreRupee hits 17-month high, but crucial resistances coming up
A sudden surge in risk appetite is seen everywhere following the US Federal Reserve meeting on Wednesday.The US Fed increased interest rates by 25 bas
Read MorePaytm goes global, enters Canada with an App for bill payments
Becoming one of the few Indian start-ups to make a global entry, online mobile wallet major Paytm said on Thursday that it had launched a bill payment
Read MoreMyntra targets 25% of revenues from private-label brands
Fuelled by the success of ?Roadster,? its top-selling, outdoor lifestyle brand, Flipkart-owned fashion e-tailer Myntra expects to close FY2017 with 21
Read MoreTrump budget plan to propose major cuts for foreign aid, EPA
President Donald Trump will propose deep cuts for foreign aid and environmental protection and a steep increase in military spending in a budget plan
Read MoreChina, Saudi Arabia eye $65 bn in deals as King Salman visits
Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion as he began a visit to Beijing on Thursday, as the world's large
Read MoreSteel mills in India reversing import woes with export push
India is set to become a net exporter of steel for the first time in four years, reversing a trend that saw domestic mills battling a flood of cheap i
Read MoreGold regains 29K-mark, soars Rs 450 on global cues
Gold prices rose sharply by Rs 450 to regain the Rs 29,000-mark and trade at Rs 29,100 per 10 grams at the bullion market today, tracking a firm trend
Read MoreAUM of Indian MF industry hits R17.9 lakh crore in February
Asset under management (AUM) of Indian mutual fund industry continued to surge largely due to sharp inflows into income and equity schemes. According
Read MoreChina, following Fed, lifts short-term rates to steady yuan, battle debt
China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan cu
Read MoreRBI's policy unlikely to be impacted by Fed rate hike
The US Fed rate hike is no surprise and may not impact RBI's policy next month as it had already factored in the global development and will be guided
Read MoreIndra Nooyi-led PepsiCo gets Indian patent for wonder beverage preservative system
The Indra Nooyi-led US cola major PepsiCo has secured an Indian patent for its invention relating to a beverage preservative system. The system preven
Read MoreShopClues launches ?Surety? to tackle quality concerns, reduce return rate
E-commerce firm ShopClues on Thursday launched ShopClues Surety programme to deal with quality concerns related to unbranded products sold on the plat
Read MoreE-commerce major Flipkart set to log 40% sales growth in FY17, 60% in FY18
India?s largest e-commerce firm Flipkart is set to close the current financial year with a sales growth of close to 40% over the last fiscal. The grow
Read MoreNBCC likely to set up overseas subsidiary
On the back of a growing pipeline of projects abroad, public sector enterprise NBCC (India) is planning to set up an overseas subsidiary company to ov
Read MoreEngineering exports to surpass $60 billion this fiscal: Nirmala Sitharaman
India?s engineering exports are likely to cross $60 billion in fiscal 2016-17, on the back of a revival of demand in the US and for select products li
Read MoreMizoram government presents Rs 8,803-cr surplus, tax-free budget
Mizoram Finance Minister Lalsawta on Thursday presented a Rs 8,803.10-crore tax-free surplus budget for the financial year 2017-18.The minister tablin
Read MorePower ministry to phase out old power plants
Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines in the Government of India, Piyush Goyal announced in Lo
Read MoreWorld Bank approves $210 million loan for West Bengal's gram panchayat development
The World Bank has sanctioned a $210 million loan for the Indian state of West Bengal to strengthen the state's gram panchayats, the lowest tier of ru
Read MoreTamil Nadu presents revenue-deficit Budget
Tamil Nadu Finance Minister D Jayakumar, Thursday presented a tax-free budget for the year 2017-18. The budget also expects an increase in revenue def
Read MoreGST Council caps tax on tobacco, luxury cars, pan masala at 15%
The goods and services tax (GST) Council on Thursday approved two more laws ? state GST (SGST) and Union Territory GST (UT-GST) ? increasing chances o
Read MoreInstant MF redemptions: SEBI voices concern over liquidity management
The market regulator Sebi expressed concern over the liquidity management by a few mutual fund houses which have started giving investors the option o
Read MoreNote-Ban Bites Income Tax Department, Q4 Advance Tax Mop-Up Falls 10%
It seems that the note ban has badly hit advance tax collection from the megapolis that contributes one-third of the total corporate tax collection wi
Read MoreReliance Capital to carve out health biz from general insurance, plans to bring in global equity partners
Reliance Capital has announced plans to carve out retail health insurance business from its subsidiary Reliance General Insurance Company to increase
Read MoreNifty closes at record high, Sensex still 439 pts away from lifetime high
The Nifty50 index hit a fresh record high at close and the rupee also rose to its strongest level in nearly 17 months on Thursday after the Federal Re
Read MoreRupee likely to remain stable, even appreciate mildly: Devendra Pant, India Ratings
Even we had seen in this fiscal year or most part of 2016 that most of time rupee?s behaviour was different from what the other emerging markets curre
Read MoreEconomists upgrade Singapore's 2017 growth forecast
Stronger than expected fourth quarter growth in Singapore driven by improved global demand led economists to upgrade their 2017 projections for the So
Read MoreNational Australia Bank hikes home loan rate, may hurt economy
Australia Bank became the first of the country?s Big Four lenders to raise mortgage rates on Thursday, a move that in part will be welcomed by regulat
Read MoreDutch election outlook buoys Euro, Dollar struggles at 1-month low
The euro stood tall on Thursday after Dutch election exit polls pointed to a comfortable win by the prime minister over his far-right rival, while the
Read MoreDigital transactions to touch Rs 4 cr/day this year: Ravi Shankar Prasad
Digital transaction is growing and is expected to increase by 33 per cent to Rs 4 crore per day this year, IT Minister Ravi Shankar Prasad today said.
Read MoreGovernement launches Rs 600 crore scheme for developing export infrastructure
The government today launched a Rs 600-crore scheme - TIES - for developing export linked infrastructure in states with a view to promoting outbound s
Read More80% of world's cities show signs of fragility
Around 55 per cent people live in cities and account for USD 62 trillion of economic activity, but 80 per cent of the world's cities are showing signs
Read MoreTamil Nadu govt presents revenue deficit budget
The Tamil Nadu government today presented a revenue deficit budget for the year 2017-18, but spared the common man from any new tax. In his maiden bud
Read MoreEU chief dismisses 'threats' of British exit without a deal
European Council President Donald Tusk warned Britain Wednesday that leaving the EU without any formal agreement would harm the U.K. most.With Britain
Read MoreUS retail sales weakest in 6 months; inflation firming
US retail sales recorded their smallest increase in six months in February as households cut back on motor vehicle purchases and discretionary spendin
Read MoreGovernment to link 400 mandis on electronic trade platform this month
The government will link 400 of the 585 wholesale mandis in India with the electronic national agriculture market (e-NAM) by this month end to ensure
Read MoreOil market could tilt into deficit if Opec sticks to cuts: IEA
Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but if the Organisation of the
Read MoreOver 2,800 new FPIs registered with Sebi in April-January FY?17
More than 2,800 fresh foreign portfolio investors (FPIs) registered with capital markets regulator Sebi in the first 10 months of the current fiscal,
Read MoreP-note investment climbs to Rs 1.75 lakh cr at Jan-end
Investments in domestic capital markets through participatory notes (P-notes) rose to Rs 1.75 lakh crore at the end of January, after hitting a 43-mon
Read MoreNon-food credit in India falls to lifetime low of 4.34%; outstanding loans to individuals, companies at Rs 74.55 lakh cr
Non-food credit grew at a lifetime low of 4.34% year-on-year (y-o-y) for the fortnight ended March 3, with outstanding loans to companies and individu
Read MoreONGC set to reverse falling trend in drilling exploratory wells in 2017
Reversing a fall in the number of exploratory wells being drilled, state-run ONGC expects an increment in the number this financial year compared with
Read MoreExports jump 17.5% to $24.5 bn in February
Rising for the sixth straight month, exports posted a 17.48 per cent year-on-year hike in February, the highest rate in more than five years. A low ba
Read MoreSBI to raise Rs 15,000 cr equity capital next fiscal
State Bank of India (SBI) on Wednesday said its board has approved a proposal that would allow the bank to raise equity capital of up to Rs 15,000 cro
Read MoreRCom gets stock exchange, Sebi approval for merger with Aircel
Reliance Communications? shares jumped 5% in early trade on Wednesday after the company said markets regulator Sebi and the stock exchanges have clear
Read MoreFlipkart looks to forge $1.5 billion deal, with eBay and Tencent, to take on Amazon and Alibaba
Flipkart is in talks to seal a funding round of up to $1.5 billion. US-based eBay and China?s Tencent are the frontrunners in the transaction that cou
Read MoreSingapore-based cab aggregator Grab opens R&D centre in Bengaluru
Singapore-headquartered ride-hailing platform Grab on Wednesday announced the opening of an R&D centre in Bengaluru. It has hired Raghuram Trikutam to
Read MoreZoomcar plans overseas foray; to focus on asset-light model
Bengaluru-based, self-drive car rental start-up Zoomcar is planning an overseas foray, targeting South Asian and African nations, including Indonesia,
Read MoreGovt faces uphill task for 300 mt steel output target
The draft National Steel Policy has set a target of 300 million tonnes (mt) capacity by 2030, which would require 91,000 acres additional land.The pol
Read MoreCentre mulls limiting cash deals at Rs 50,000 in bullion
Bullion traders may soon have to conduct all transactions above Rs 50,000 through banks, with the government considering a proposal to limit cash deal
Read MoreIndian economy to pick up once impact of note ban fades: IMF
India?s economic growth is expected to pick up once the effects of cash shortages linked to the currency exchange initiative fade, the International M
Read MoreUS raises benchmark interest rate by 0.25%
The US Federal Reserve has raised its benchmark interest rate by 0.25% for only the third time in a decade.The central bank voted to raise its key rat
Read MoreM&A deals in payments sector pick up steam in 2016
The mergers and acquisitions (M&A) activity in the payments sector has been picking up steam, and the way forward for this sector is consolidation. So
Read MoreIndia Inc's dividend pay at record high
Corporate India is using higher dividends to reward shareholders, even as earnings growth remains elusive. The dividend payout ratio for the country?s
Read MoreCircular No. 1054/03/2017-CX
Classification of 'Saree' under CETA, 1985
Read MoreCircular No. 1053/02/2017-CX
Master Circular on Show Cause Notice, Adjudication and Recovery
Read MoreNotification No.06 /2017-Central Excise (N.T.)
Amendment to Notification No 38/2001-Central Excise (N.T.), dated the 26th June, 2001, regarding jurisdiction
Read MoreNotification No. 08/2017-Customs (ADD)
Seeks to order provisional assessment on imports of "Phosphoric Acid-Technical Grade and Food Grade (including Industrial Grade)", originating in or e
Read MoreNotification No.21/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.
Read MoreTechnology, manufacturing and media top sectors to see M&A in 2017: Report
Technology, manufacturing, media & entertainment, healthcare & life sciences and energy will remain top sectors that will see mergers and acquisitions
Read MoreSBI announces one-time settlement scheme worth Rs 6,000 crore for tractor loans
State Bank of India (SBI), the country?s largest lender, on Tuesday, announced one-time settlement (OTS ) scheme worth Rs 6,000 crore for tractor loan
Read MoreRamco Systems bags fleet management order from Kiwi firm
Ramco Systems today said it has bagged an order from New Zealand-based Ravensdown Aerowork to automate and unify the maintenance and overhaul operatio
Read MoreIntel's $15 billion purchase of Mobileye shakes up driverless car sector
Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the US chipmaker
Read MoreFederal Reserve, in shift, may move to faster pace of rate hikes
The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and marke
Read MoreIceland lifts capital controls, ending years of economic isolation
Iceland lifted its remaining capital curbs on Tuesday, ending more than eight years of controls on businesses and citizens put in place after its bank
Read MoreHoneywell bets on smart cities for growth
HoneywellBSE 2.18 % sees growth in two key segments in India?Smart Cities and Digitisation, said Terrence Hahn, CEO, of Honeywell's Home and Building
Read MoreDemonetisation's end: RBI removes all cash withdrawal limits
The Reserve Bank of India (RBI) lifted the withdrawal limit on savings account from Monday putting an end to withdrawal policies related to demonetisa
Read MoreRBI to now open up UPI for digital wallets like Paytm and MobiKwik
Digital wallets such as Paytm and MobiKwik are set to become inter-operable as Reserve Bank of India (RBI) prepares to open up the Unified Payment Int
Read MoreHuge potential exists to boost trade with Africa: Nirmala Sitharaman
Tapping the potential in renewable energy, pharma and healthcare can boost economic ties between India and Africa, Union Minister Nirmala Sitharaman s
Read MoreGST: New rules will have impact on retail chains, restaurants and contractual farming
Even as the government recently brought some parts of agriculture under goods and services tax (GST) gamut, some big retail chains and quick service r
Read MoreTaxes under GST 'to increase a bit', says CBEC Chairman
While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under w
Read MoreFebruary WPI at 3-year high, hits 6.55% from 5.25% in January
Hitting a 40-month high, India's wholesale inflation rose 6.55% in February led by higher fuel and power prices even as food prices began to rise. Who
Read MoreIndian economic growth could boost US exports: USTR
India's economic growth and indirect taxation reforms could support more US exports to the country in future, the US Trade Representative has said in
Read MoreFPI net inflow kitty at Rs 10,000 cr in March so far
Foreign investors pumped in over Rs 10,000 crore in the Indian capital markets this month so far and the trend is expected to continue in coming weeks
Read MoreMcAfee looks to ramp up India investment
IT security firm McAfee is looking at adding more jobs at its centre in Bengaluru and will continue to invest in growing local business in India, a to
Read MoreGujarat?s foray into B2B ecommerce gives big push to small units
Gujarat government has entered into B2B ecommerce space as it allowed UK-based cloudbuy.com to develop B2B marketplace for accelerating its growth in
Read MoreRace to bottom on costs may cause oil to choke on own supplies
Houston hosted two events last week: the nation's largest energy conference and the town's famous rodeo. They have more in common than you'd think.In
Read MoreRocky road ahead for commodities
In many ways, 2017 is likely to be different from the previous years and most likely prove once again that we are living in a VUCA world ? volatility,
Read MoreGoogle in talks with China to stage a comeback: Report
China and Google are in talks for the internet giant's return to the Chinese mainland after it was pulled out seven years ago following a bitter spat
Read MoreAs VW Pleads Guilty in U.S. Over Diesel Scandal, Trouble Looms in Europe
Volkswagen took a big step toward resolving its legal problems in the United States when it pleaded guilty on Friday to its vast emissions deception.B
Read MoreExpect India to be 3rd-biggest car market by 2020: Suzuki
Suzuki Motor Corporation (SMC) expects India to grow into the third-biggest car market in the world by 2020 and is "determined" to play a big part in
Read MoreChina Says Economy Showed Signs of Improvement in Start of Year
China?s economy has shown signs of improvement in the first two months of the year with little risk of a hard landing, senior Chinese officials said.C
Read MoreMerkel to Warn Trump That U.S. Tax Changes May Spark Retaliation
German Chancellor Angela Merkel will warn U.S. President Donald Trump that a proposed tax overhaul could spark retaliatory measures, including higher
Read MoreWelspun Steel gets green nod for Rs 14,690-crore Gujarat project
Welspun Steel Ltd (WSL) has received environmental clearance for setting up an integrated steel plant with production capacity of 3 million tonnes per
Read MoreCost Overrun for 287 Infra Projects Hits Rs 1.66 Lakh Cr
As many as 287 infrastructure projects worth Rs 150 crore or above each, including those delayed due to various issues, have seen a cost overrun of 1.
Read MoreGold imports fall sharply post-demonetisation
The Centre?s demonetisation drive seemed to have a significant impact on gold demand in the country as the metal imports dropped sharply in December a
Read MoreNon-life insurers' February premium up 33% at Rs 10,287.74 cr
Non-life insurance companies' total premium grew 33.4 per cent to Rs 10,287.74 crore in February this year.Their gross premium stood at Rs 7,710.81 cr
Read MoreABG shipyard recast fails, banks to move debt recovery tribunal
The Rs 10,000-crore loan recast of loss-making shipbuilder ABG Shipyard has failed, bankers familiar with the development told FE, adding they would b
Read MorePending repayments remain high for MFIs: RBI staff report
The financial sector may gradually be recovering from the effects of demonetisation, but microfinance companies, whose customers depend on cash transa
Read MoreSmall loans, big impact: Microfinance now big business at banks
From being passive lenders to microfinance institutions (MFIs) till about five years earlier, banks have turned out to be active players in the busine
Read MoreDetails of Vodafone, Idea merger this week
After eight months of hectic parleys, Britain's Vodafone Group's Indian subsidiary and Aditya Birla Group's Idea Cellular have taken a step closer to
Read MoreIndia to be a net exporter of steel this year
India to be a net exporter of steel this year as finished steel production growth reaches an all-time high in February but domestic consumption remain
Read MoreRBI asks NBFCs to go cashless for gold loans above Rs 20k
The Reserve Bank of India (RBI) on Thursday said non-banking finance companies (NBFCs) cannot issue more than Rs 20,000 in cash against gold loans, se
Read MoreJMT Auto plans Rs.250-crore capex to boost production
Auto component maker JMT Auto is looking to invest ?200-250 crore as capex to shore up production capacities, primarily at its Jamshedpur facility. In
Read MoreHow ONGC is digging deep and far
The favourite whipping boy of India?s oil and gas exploration and production scene, ONGC, could be the one flowing the most challenging and largest vo
Read MoreNon-life insurers? premium jumps 33% in February
The total premium of non-life insurance companies increased 33 per cent to ? 10,288 crore in February from? 7,711 crore in February 2016.Of the total
Read MoreHousing.com losses rise to Rs.403 cr in FY16
Online real estate firm Housing.com, which was acquired by NewsCorp-backed PropTiger early this year, has seen a 45 per cent increase in its losses at
Read MoreIndirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%
The government's revenue collection from indirect tax during April-February grew by an impressive 22.2 per cent while that of direct tax rose by 10.7
Read MoreTorrent in talks to acquire select Novartis businesses
Ahmedabad-based Torrent Pharma is in talks to acquire select businesses from Novartis India in a deal estimated to be less than Rs 500 crore. Torrent?
Read MoreTata Motors, Volkswagen buckle up for a joint ride
Tata Motors, the country?s largest automobile maker by revenue, will partner the world?s biggest maker in the sector, Volkswagen, and the latter?s gro
Read MoreIndia's January industrial output grows 2.7% as demonetisation impacts demand
India's industrial output rose 2.7 per cent in January from a year earlier, government data showed on Friday.The industrial output's slower growth now
Read MoreEU capitalising on free-trade interest amid gloom over Trump policies
By Martin Petty and Neil Jerome Morales MANILA (Reuters) ? The European Union is seeing increased impetus around the world to move forward with Free T
Read MoreReckitt closes $21.2 billion Mead Johnson acquisition loans
UK consumer goods group Reckitt Benckiser (RB.L) has closed syndication of US$21.2bn-eqivalent of loans supporting its US$17.9bn acquisition of US bab
Read MoreUK retail has worst February sales dip for eight years
Britain's shops endured their worst fall in February sales since 2009, a survey showed on Friday, adding to evidence of a Brexit-related consumer slo
Read MoreAirbnb Closes $1 Billion Funding Round With War Chest for Growth
Airbnb Inc. closed a funding round of more than $1 billion, valuing the home-sharing startup at about $31 billion, according to three people familiar
Read MoreSteady U.S. Job Growth Sets Stage for Fed to Raise Interest Rates
A wave of hiring in February ? President Trump?s first full month in office ? pointed to a strong foundation for the nation?s economy, providing furth
Read MoreChina's debt 'too high,' must be controlled: Central bank governor
China's central bank governor said Friday the country needs to get soaring corporate debt under control but its economy and currency are stable and th
Read MoreOil edges off 3-month low, but glut worries fester
Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supp
Read MoreGovernment mobilises 6.4 tonne gold under monetisation scheme
The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed today. Launched in November 2015, t
Read MoreU.S. aluminum foil producers launch case accusing China of dumping
U.S. aluminum foil producers have filed petitions with their government accusing Chinese manufacturers of dumping the product in the United States, th
Read MoreSovereign wealth funds take out Rs 2,500 crore in January-February
Sovereign wealth funds have pulled out more than Rs 2,500 crore from Indian capital markets in the first two months of this year. This is on top of Rs
Read MoreSensex ends in green, but caution rules
Exit polls out of the way, the market on Friday decided to buy time and wait for the final judgement tomorrow with the Sensex staying decidedly cautio
Read MoreForex reserves up $1.218 bn to $364 bn
India's forex reserves increased by $1.218 billion to $364.01 billion in the week ended March 3, helped by a rise in foreign currency assets, the Rese
Read MoreInternet business: Deal volume in Feb fell 43%, says Grant Thornton
At a time when the Internet business in India, is going through a cash-crunch, with investors? tightening their purse string, deal volume in February
Read MoreIndia Inc. Won't Invest Anytime Soon, Says Bellwether L&T
Indian companies probably won?t invest in additional capacity for at least another year as the private sector struggles with sluggish domestic demand
Read MoreTata Motors signs pact with Volkswagen, Skoda; to launch products from 2019
Tata Motors on Friday announced entering a long-term partnership with German auto major Volkswagen Group and its Czech subsidiary Skoda Auto for joint
Read MoreNotes in circulation drop to Rs 11.73 lakh crore, post ban
The total value of currency notes in circulation has come down by a quarter to Rs 11.73 lakh crore post demonetisation, Parliament was informed today.
Read MoreRs 285 crore deficit budget tabled in Arunachal Assembly
Arunachal Pradesh finance minister Chowna Mein today presented a Rs 285 crore deficit budget for the 2017-18 fiscal with major thrust on women empower
Read MoreIRDAI says no mandatory listing of insurance companies
Unlike the banking sector, the Insurance Regulatory and Development Authority of India (IRDAI) is not planning to make compulsory listing of insurance
Read MoreCairn Energy liable to pay Rs 10,247-cr tax: I-T tribunal
The Income Tax Appellate Tribunal (ITAT) has upheld a levy of Rs 10,247 crore capital gains tax on UK?s Cairn Energy Plc but has held that interest ca
Read MoreIIP bounces back in Jan, expands by 2.7%
Industrial production bounced back in January expanding by 2.7% year-on-year mainly due to better performance by the capital goods segment, a baromete
Read MoreExcise growth surge ends, govt may miss CIT target
Industrial production rose just 0.6% in the April-January period of this fiscal, against 2.7% a year earlier. Customs collections, which contracted 6.
Read MoreNotification No. 04/2017
Notification No. 04/2017 (F.No./ADMN/RESIGNATION/10/02/2007/01-DIT (S)
Read MoreNotification No. 03/2017
Notification No. 03/2017(F.No./ADMN/RESIGNATION/10/02/2007/01-FIT (S) )
Read MoreAlmost three quarters of French against ditching euro
Almost three quarters of French people are against leaving the euro zone currency bloc and returning to the franc, a survey showed on Friday, in bad n
Read MoreUK manufacturing output falls in January
The Office for National Statistics said industrial output contracted by 0.4% compared with December, when it fell by 0.9%.Manufacturing was responsibl
Read MoreNotification No. 10/2017-Service Tax
Seeks to amend Notification No 25/2012-Service Tax, dated 20.6.2012.
Read MoreCircular No.07/2017-Customs
Guidelines for launching of prosecution in relation to offences punishable under Customs Act, 1962
Read MoreNo matador in sight as bull market in U.S. stocks turns eight
The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based
Read MorePrice of solar power may fall further in FY18
Solar power generation costs are set to dip further during third and fourth quarter of 2017-18, helped by expected softening of interest rates and a d
Read MorePM hopes for breakthrough on GST legislation
As the budget session of Parliament resumed on Thursday, Prime Minister Narendra Modi hoped there will be a breakthrough on the Goods and Services Tax
Read MoreMines auction to fetch states Rs 1.5 lakh cr in 2017-18: Secretary
Mines auction is likely to fetch Rs 1.5 lakh crore to states' kitty in 2017-18, a top official said on Thursday.The first tranche of auctions, which s
Read MoreUniversal social security cover for over 45 crore workers soon
An all-inclusive universal social security cover will be available soon for over 45 crore workers in the country, covering all potential risks, along
Read MoreIT clients in US cautious of Donald Trump's new tax regime
US clients of India?s $150-billion information technology services industry are inserting new caveats and exit clauses into outsourcing contracts on f
Read MoreTata Trusts in Three-Way Tieup to Fund Social Entrepreneurs
Tata Trusts have formed a three-way partnership with the Department of Science and Technology and global aerospace and defense giant Lockheed Martin t
Read MoreOvervalued market drives investors to balanced funds; AUM doubles in a year
The assets under management of balanced funds have doubled to Rs 77,100 crore from Rs 39,000 crore over the past year, according to data from AMFI, an
Read MoreIndusInd Bank plans to launch general insurance arm
IndusInd Bank, a bancassurance partner for Cholamandalam General Insurance and Religare Health Insurance, plans to start its own general insurance fir
Read MoreTDSAT reserves order on appeal for stay on Jio promo offer
Telecom tribunal TDSAT today reserved its order on an interim appeal seeking a stay on Reliance Jio's free promotional offer. The Telecom Disputes Set
Read MoreTrai Seeks Steps to Put Public WiFi on Fast Track
The telecom regulator has asked the Department of Telecom (DoT) to tweak internet service provider (ISP) permit rules, free up new spectrum bands and
Read MoreGoogle bets big on AI, machine learning to crack the cloud
Google is betting big on its dominance in machine learning and artificial intelligence to break into the cloud market, a message that was the underlyi
Read MoreWallet Cos will Soon have a Set of Rules to Play by
The government has released a set of guidelines for wallet firms in a move that seeks to make transactions through ewallets safer and strengthen the g
Read MoreMotorola-Lenovo to expand retail store presence
The Motorola-Lenovo combine plans to strengthen its offline retail presence in a bid to increase foothold in what it expects to be a challenging India
Read MoreTata Motor's deal with VW could be a technical pact or a JV: Guenter Butschek
Tata Motors managing director Guenter Butschek has flagged off a massive transformation drive at the company. In an interview to ET on the sidelines o
Read MoreTelcos Unleash Ad Blitz in Price War
The telecom industry?s pricing war is spreading to advertising, as top carriers Bharti Airtel, Vodafone India and Idea Cellular jacked up spending on
Read MoreLet govt staff's pension funds to invest 50% in equities: PFRDA
The pensions fund regulator Pfrda wants government to more than treble investment levels in equity markets by government subscribers under the Nationa
Read MoreEuropean Central Bank Leaves Interest Rates Unchanged
The European Central Bank left its policy stance unchanged as expected on Thursday, keeping unprecedented stimulus in place and maintaining its dovish
Read MoreNarendra Modi govt looks to protect farmers as bumper crop on way, revives import duty on pulses
With Kharif farm gate prices of pulses, especially tur or arhar and urad, falling below the minimum support price (MSP) in mandis across key producing
Read MoreBan on Vietnam coffee imports will hit India?s re-exports
India?s move to ban farm product imports from Vietnam on phytosanitary issues will hurt the exports of value-added instant coffees from the country, e
Read MoreNBFC cash loan against gold restricted to Rs 25,000
Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said today. The earlier provision for NBF
Read MoreIrdai: Steep rise in third-party motor insurance premiums inevitable
Amid concerns over the current draft norms on premium rates for third-party motor insurance, which will have a sharp increase in premiums, insurance r
Read MoreNew Rs 10 notes with more security coming soon
The Reserve Bank (RBI) will soon issue Rs 10 denomination notes with enhanced security features for circulation. The RBI today said the banknotes in t
Read MoreWith FM Arun Jaitley set to meet RBI Governor Urjit Patel today, data shows bank NPAs jump 60% to Rs 7 lakh cr
Finance minister Arun Jaitley will hold a meeting with Reserve Bank of India (RBI) officials on Friday on the vexing issue of non-performing assets (N
Read MoreSome Indian banks risk skipping coupon payments: Fitch Ratings
Some Indian banks are at risk of skipping coupon payments on their capital instruments despite recent easing of rules by the central bank and capital
Read MoreExim Bank extends USD 750 million loan to Nepal
The Export Import Bank of India (Exim Bank) has approved USD 750 million loan to Nepal to finance its post-earthquake reconstruction projects. A separ
Read MoreGST positive, but there are concerns Narendra Modi govt will have to address digital payments: Pursuit of a less-cash economy benefits everyone
Eleventh meeting of the GST Council was rather constructive, wherein the Council endorsed the central GST and integrated GST laws. The laws would, now
Read MoreCrisil sees corporate revenue growing 8-9% in FY18
Credit quality of corporates is showing signs of gradual recovery driven by firm commodity prices, stable macros and lower interest costs, which will
Read MoreFrance's GDF to exit Petronet by selling entire 10% stake
France's GDF International plans to sell its entire 10 percent stake, worth over Rs 2,900 crore, in Petronet LNG Ltd. GDF, a unit of French energy g
Read MoreIIFL-backed 5paisa.com aims to add 50,000 customers next fiscal
5paisa.com, an IIFL-backed company and low-cost online discount broker, plans to acquire 50,000 customers in 2017-18, its CEO & Director Prakarsh Gagd
Read MoreLG India turns 20, bets big on rural growth
As the Korean consumer durables major LG Electronics completes 20 years in India, it is betting big on rural growth, health-conscious products, beside
Read MoreActis sets aside $500 million for renewable energy projects in India
Private equity fund Actis Capital, which has just completed raising $2.75 billion, has earmarked $500 million for investing in India?s wind and solar
Read MoreCab rides get more expensive as Ola, Uber hike fares by 50-70%
Plagued by protesting drivers across the country, cab aggregators Ola and Uber have hiked fares by 50-70 per cent.In Bengaluru, for instance, Ola and
Read MoreUK growth forecast for 2017 revised up
The UK economy's growth forecast for this year has been revised sharply higher by the Budget watchdog.The Office for Budget Responsibility now expects
Read MoreJapan poised for its longest run of GDP growth, may have finally emerged from its lost decades
Global tailwinds look set to sustain Japan?s modest recovery in 2017, as exports prop up an economy that?s still struggling to stoke domestic demand.
Read MoreRBI to soon introduce new Rs 10 notes with more security features
The Reserve Bank of India (RBI) on Thursday said that it will soon issue Rs 10 denomination notes with enhanced security features for the circulation.
Read MoreIRDAI clears different licences to new players
Insurance regulator Irdai has cleared different levels of licences to a host of new players in the insurance industry in non-life and reinsurance spac
Read MoreNREGS to get half of total funds at the start of FY18
In a big step to pump money into rural India and step up infrastructure creation, the government will release half of the Rs 48,000 crore FY2017-18 al
Read More'India's current account deficit to touch $30 billion in 2018'
India's current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit
Read MoreNotification No. 02/2017
Notification No. 02/2017 F.No.ADMN/RESIGNATION/10/02/2017/01-DIT(S)
Read MorePaytm to levy 2% fee on recharge via credit cards
Digital wallet player Paytm will now levy a 2% fee for adding money to Paytm wallet using credit cards. This is a result of multiple users using Paytm
Read MoreAlibaba looks to acquire online movie ticket sites
Jack Ma-founded Alibaba is looking to acquire an online movie booking site to up its game in India?s retail entertainment business, after investments
Read MoreRs 48,000 cr Delhi Budget: AAP focuses on health, education, no new taxes
A Rs 48,000-crore budget for the national capital was today presented by the AAP government, laying major focus on improving transport, health, water
Read MoreCanara Bank revises MCLR rates
Canara Bank has revised its marginal cost of funds-based lending rate (MCLR). All rupee loans sanctioned and credit limits renewed with effect from Ma
Read MoreMerc sales ?back on track? with Q1 growth
The country?s leading luxury car maker Mercedes-Benz India is confident of getting back to strong growth curve starting with an increase in sales in t
Read MoreUS? first trade salvo to hit India?s export sops
Doing business with the Trump regime is not going to be easy for Delhi. If the H-1B visa row was not enough, serious troubles lie ahead on the trade a
Read MoreUday Kotak sells 1.5% stake in Kotak Mahindra Bank worth Rs 2,255 crore to comply with RBI directive
Kotak Mahindra promoter Uday Kotak on Wednesday sold a 1.5% of his stake in the bank to two Canadian pension funds companies for an estimated Rs 2,255
Read MoreSamsung to expand in U.S., shift some manufacturing from Mexico: WSJ
Samsung Electronics Co Ltd (005930.KS) is planning to expand its U.S. production facilities, shifting some manufacturing from Mexico, the Wall Street
Read MorePE investments in logistics at $500 million in 2016-17
Private equity investments in logistics climbed nine per cent in 2016-17 to $501.71 million from $460.30 million a year ago. The logistics industry is
Read MoreInvestors bullish on deep technology start-ups
Angel investors and venture capital funds are chasing Indian deep technology startups because of their potential to scale up rapidly and be able to of
Read MoreSmaller VC firms ride on Sidbi and local investors
In the past six months, several venture capital (VCs) funds have raised money or are in the process of raising money. These include funds from IDG Ven
Read MoreQatar Airways to launch domestic ops in India
State-owned carrier of Qatar, Qatar Airways, will start a new domestic airline in India, its Chief Executive Officer (CEO)Akbar Al Baker announced on
Read MoreIndusInd Bank, Bharat Fin in merger talks
In what would be the largest deal in the microfinance space, Hinduja-promoted IndusInd Bank is in advanced talks to take over Bharat Financial Inclusi
Read MoreGeneral Provident Fund withdrawal norms for government employees relaxed
In good news for about 50 lakh central government employees, the norms for withdrawal of General Provident Fund (GPF) have been relaxed which will ena
Read MoreI-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
In a relief for Cairn Energy, the tax department in India has agreed to lift the freeze on the British oil explorer being paid dividends by its erstwh
Read MoreBritish PM Theresa May Suffers Second Brexit Bill Defeat
British Prime Minister Theresa May has suffered a second Brexit bill defeat in the House of Lords as peers backed, by 366 votes to 268, calls for a "m
Read MoreSaudis chance their Arm on UK?s tech jewel
Softbank of Japan is set to sell a 25 per cent stake in Arm Holdings, Britain?s biggest technology company, to the $100 billion technology fund it is
Read MoreIndia gold demand may touch up to 950 tonnes by 2020: WGC
Economic growth and greater transparency within the country?s gold market will boost demand for the yellow metal up to 950 tonnes level by 2020, World
Read MoreSteel exports shoot up 150% in Feb, imports decline 46%
The steel exports in February registered a growth of 150 per cent while imports came down by 46 per cent.The quantum jump in exports comes at a time w
Read MoreWomen Managers Are Winners in Market Shift to Passive Investing
On a chilly Thursday afternoon last month, several dozen women gathered at the Flywheel Sports spinning studio in Manhattan?s Chelsea neighborhood, do
Read MoreSebi goes digital on all payments
Markets regulator Sebi has notified new norms to give an option to market intermediaries and companies to make their regulatory payments in digital mo
Read MorePortfolio managers' assets drop to Rs 11.89 lakh crore in February
Total assets managed by portfolio managers have dropped by a little over Rs 8,200 crore to Rs 11.89 lakh crore at the end of February -- the first dec
Read MoreHyperlocal grocery delivery startup Grofers to focus on Delhi, Mumbai, Bengaluru after shutting 9 stores in 2015-16
Locodel Solutions, which operates hyperlocal grocery delivery start-up, Grofers, has decided to concentrate on three large markets ? Delhi-NCR, Mumbai
Read MoreAlibaba unit to invest R200 cr in India to ramp up content distribution
China-based Alibaba Group?s mobile business unit UCWeb on Wednesday announced its plans to invest R200 crore to ramp up content distribution in India
Read MoreFIIs buying spree in 2017 powers equities to near-lifetime highs; DIIs too get in on act
With foreign portfolio investors (FPI) buying close to $2 billion worth of equities in 2017 so far, the markets are hovering close to their lifetime h
Read MoreChina posts first monthly trade deficit in three years as imports soar
China unexpectedly posted its first trade gap in three years in February as a construction boom pushed imports much higher than expected and as increa
Read MoreSteel exports shoot up by 150 per cent in February, imports decline 46 per cent
The steel exports in February registered a growth of 150 per cent while imports came down by 46 per cent. The quantum jump in exports comes at a time
Read MoreDelhi cuts VAT on ATF to 1% for regional flights; other states to announce the same soon
The Delhi government today announced reduction in Value Added Tax (VAT) on jet fuel for regional flights flying out of Delhi airport. Delhi's deputy c
Read MoreIndian Aviation Industry to witness max passenger traffic growth amidst profitability pressure, says ICRA
Credit rating agency ICRA has said that the Indian Aviation Industry is likely to report 22 to 23 percent passenger traffic growth in FY2017 supported
Read MoreEight highways in Gujarat to be upgraded at Rs 12,000 crore: PM Modi
Prime Minister Narendra Modi today announced investment of Rs 12,000 crore in upgrading eight state highways to National Highways in Gujarat as part o
Read MoreIndian economy to grow 7.1% in this fiscal; Dec quarter GDP numbers surprising: Fitch
Global rating agency Fitch today said Indian economy will grow by 7.1 per cent in the current fiscal before stepping up to 7.7 per cent in the next tw
Read MoreKarnataka may build new city to decongest Bengaluru
Call it an over-ambitious or non-implementable project, the Karnataka government is thinking of developing a new city in Kolar Gold Fields (KGF) to de
Read MoreGovernment makes it mandatory for departments to source from GeM
The government has made it mandatory for all the departments and ministries to source goods and services from its e-market place. The move is aimed at
Read MoreNRI deposits plunge $15 b in April-Dec period on FCNR redemption
Redemption of the special three-year FCNR (foreign currency non-resident) deposits mopped up in the September-November 2013 period has resulted in Non
Read MorePiramal Realty to invest Rs 1,800 crore in Mulund project
Piramal Realty, the real estate arm of the Piramal Group, will be spending Rs 1,800 crore on its residential project spread over 8.4 acre in Mulund su
Read MoreUS trade deficit jumps to 5-year high on imports
The US trade deficit jumped to a near five-year high in January as cell phones and rising oil prices helped to push up the import bill, suggesting tra
Read MoreInox Renewables exits wind power business
Inox Renewables Limited (IRL) has decided to sell its operating wind farms to Chennai-based Leap Green Energy for an undisclosed amount to focus on it
Read MoreDecline in revenue, profitability in store for two-wheeler majors
Country?s top two-wheeler companies, Hero MotoCorp and Bajaj Auto, are set to see a dip in revenue and profitability in the January-March quarter of F
Read MoreIndiGo, GoAir to expand in Gulf
Unfazed by the slowdown in West Asia, Indian carriers are expanding their network in the region.IndiGo is launching flights to Sharjah later this mont
Read MoreDec quarter GDP growth surprising, says Fitch Ratings
The US-based Fitch Ratings on Tuesday appeared to pick holes in the government?s 7 per cent growth estimate for the December quarter despite the cash
Read MoreBrazil?s economy dips 3.6% in 2016 in historic recession
Brazil?s economy has fallen sharply for a second consecutive year, putting Latin America?s largest country in its deepest recession in modern history.
Read MoreHewlett Packard to buy Nimble Storage for $1 billion
Hewlett Packard Enterprise Co. agreed to buy Nimble Storage in a deal valued at about $1 billion, bolstering a higher growth segment of the market for
Read MoreSigns of slowdown grow as Britain gears up to trigger EU divorce
British consumers are feeling the strain of rising prices caused by last year's Brexit vote, suggesting the economy is heading for a slowdown just as
Read MoreChina FX reserves rebound above $3 trillion in Feb, first rise in 8 months
China's foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above $3 trillion as a regulatory crack
Read MoreChina?s Plan to Build Its Own High-Tech Industries Worries Western Businesses
China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries, from planes to computer chips t
Read MoreIndia moving to the centre stage of global energy market: IEA
India is moving to the centre stage of global energy market and by the early 2020s it will replace Russia as the world's third largest refiner, a top
Read MoreMutual fund assets hit record Rs 17.9 trillion at Feb-end
Mutual fund industry's asset base rose to an all-time high of Rs 17.89 lakh crore at the end of February, primarily on account of strong inflows in eq
Read MoreDebt funds heavily buying into HFC bonds after Sebi tweaks sectoral limit
After the Securities and Exchange Board of India (Sebi) late last month announced its decision to give more room to debt-oriented mutual funds to inve
Read MoreShift to MCLR less than 20% of loan book at large banks
Migration to the marginal cost of funds-based lending rate (MCLR) regime from the older base rate regime constitutes less than 20% of the overall loan
Read MoreJLR pulls off best February sales, up 9.3% at 40,978 units
Tata Motors -owned Jaguar Land Rover (JLR) today reported its best-ever retail sales for February at 40,978 vehicles, up 9.3 per cent from the same
Read MoreTractor sales to record strong growth at 16-18 per cent for FY17
Marking a strong revival, domestic tractor sales are likely to record 16-18 per cent growth for the current fiscal owing to a monsoon-led surge in dem
Read MoreFlipkart set to raise up to $1 bn, but at a dramatically lower valuation of $8 bn
Flipkart, the home-grown e-commerce major, is in the final stages of raising its latest round of funding in the range of $800 million to $1 billion fr
Read MoreMTNL shares close up 16% on buzz of merger talks with BSNL
Shares of MTNL on Wednesday soared over 8% following reports of a renewed discussion of its merger with BSNL.After making a positive opening, MTNL?s s
Read MoreMaruti Suzuki soars on Baleno, Ignis, S-Cross success, meets Nexa target 3 years ahead of schedule
On average, Maruti?s total monthly sales in the domestic market is around 120,000, of which almost 18,000 units are sold through Nexa outlets. (Reuter
Read MoreNarendra Modi government cuts FY18 gold scheme target by 50%
The government has trimmed by half its target for gold schemes in 2017-18, turning more realistic after struggling to achieve less than 40% of its goa
Read MoreDisinvestment: Narendra Modi government eyes Rs 18,000 cr from PSU buybacks
After raising a major chunk of disinvestment revenue from buybacks of shares by PSUs in 2016-17, the Centre may tap the route equally aggressively in
Read MoreGold may fall 3-5% on US rate hike worries
Gold prices may fall 3-5% in the short term amid expectations that the US Federal Reserve will increase interest rate at the next meeting of the Feder
Read MorePanasonic India likely to break even this fiscal: Manish Sharma
Panasonic India, the flagship local firm of Japan?s leading consumer electronics maker, is yet to make profits after almost eleven years in the countr
Read MoreNotification No. 01/2017 [F. No. ADMN/RESIGNATION
Publish Date : Monday, March 6, 2017
Notification No. 02/2017 [F. No. ADMN/RESIGNATION
Publish Date : Monday, March 6, 2017
Notification No. 03/2017 [F. No. ADMN/RESIGNATION
Publish Date : Monday, March 6, 2017
Notification No. 04/2017 [F. No. ADMN/RESIGNATION
Publish Date : Monday, March 6, 2017
Private consumption drives euro zone fourth-quarter economic growth
Household consumption and a rebound in investment drove economic growth in the euro zone in the last three months of last year, data from the European
Read MoreRhodium, one of the rarest precious metals, is on best run in a decade
Rhodium?s on the best run in a decade on expectations of more demand for the material that?s used in cleaning toxic car emissions. One of the rarest p
Read MoreMajor divestment line up: BHEL, Oil India, EIL, NBCC, 9 rail PSUs to help fetch Rs 72,500 cr next FY
The government is looking to raise close to Rs 9,000 crore by selling 10% equity stake each in the state-run companies Bharat Heavy Electricals Ltd an
Read MoreAll bank customers to be nudged towards netbanking
At an internal review meeting last week, presentations on digital banking were made to Union minister for electronics and IT, Ravi Shankar Prasad. Acc
Read MoreESAF Microfinance to raise Rs 650 crore before small finance bank launch
ESAF Microfinance, which will be kicking off its small finance bank journey in a fortnight, is looking to ramp up capital ahead of the transition. The
Read MorePunjab National Bank puts up for sale bad loans worth Rs 295 crore
State-owned Punjab National Bank (PNB) will put on sale four bad assets worth Rs 295 crore in a move to shed non-performing assets from its books. Las
Read MoreIT sector growth to fall to 5.3 per cent in 2017: Research
India?s $155-billion IT industry will slow down sharply in 2017, predicts a research organisation that made an accurate prediction about last year?s s
Read MoreIndia announces new licensing policy to boost oil output
India today announced an open acreage licensing policy for oil and gas exploration, allowing bidders to carve out areas where they want to drill as th
Read MoreChina commits $3.4 billion for Philippine infra projects
China has committed to finance at least three infrastructure projects in the Philippines worth $3.4 billion, two of which could be rolled out in the f
Read MoreVolkswagen says VW brand will improve profitability in 2017
Volkswagen's core autos division will improve profitability and gain market share this year after posting stable financial results in 2016 thanks to c
Read MoreGovernment devising a National Master Plan for manufacturing clusters
In a major overhaul of the country's manufacturing strategy, the government is devising a National Master Plan for manufacturing clusters. The governm
Read MoreGold jewellery exports to UAE halve so far this year
India's gold jewellery exports to the UAE have halved in the first two months of 2017 as the country has imposed a 5% import duty on gold jewellery. A
Read MoreGovt okays Rs 4,500 cr project to revive 50 airports, airstrips
The Cabinet on Monday approved a proposal to revive 50 unserved and under-served airports as well as airstrips at an estimated cost of Rs 4,500 crore.
Read MoreEquity MFs see inflows of Rs 6,462 cr in February
Domestic investors continued to invest in equity mutual funds (MFs) in February despite the markets climbing to record levels. The equity schemes, inc
Read MoreStart-ups account for 70% of PE/VC deals in 2016
Start-ups continue to make the highest contribution to private equity (PE) and venture capital (VC) deals in 2016, receiving the maximum investment of
Read MorePharma sector growth will be moderate, says ICRA
Domestic pharmaceutical industry is likely to register moderate growth largely owing to increased regulatory scrutiny as well as consolidation of supp
Read MoreIncreased truck sales, new models help Leyland claw back market share
Among the top three commercial vehicle (CV) makers, only Ashok Leyland gained market share in the medium and heavy (M&HCV) segment during the December
Read MoreU.S. factory orders rise for second straight month
New orders for U.S.-made goods increased for a second straight month in January, suggesting the recovery of the manufacturing sector was gaining momen
Read MoreChina hikes defence budget to $152 billion
China has hiked its military spending by seven per cent to $152 billion, about three times higher than that of India+ , as Beijing braced for counteri
Read MoreEuro zone investor morale hits almost 10-year high
Investor sentiment in the euro zone improved more than expected in March, hitting its highest level in almost 10 years on Monday, as concerns that glo
Read MoreCoal price hike:SAIL didn't turn up for talks with CIL
State-owned Coal India raised the prices of coking coal in January without any discussion with its key customer SAIL as the steel major did not turn u
Read MoreNote ban impact on GDP may be seen this quarter: RBI Deputy Governor Viral Acharya
Demonetisation impact on GDP may be seen in the current quarter in some segments, while the remonetisation excersise should be completed in 2-3 months
Read MoreOnline jewellery portal CaratLane?s losses soar in FY16, reserves plunge to Rs 122 cr
CaratLane Trading, which operates CaratLane, an online jewellery portal, has seen a 34% decline in its reserves to R122 crore in 2015-16. The company,
Read MoreTech Mahindra to acquire US-based healthcare IT services firm
IT Firm Tech Mahindra on Monday announced it has signed an agreement to acquire a US-based healthcare Information Technology consulting company CJS So
Read MoreIndia?s quest for energy security threatened by falling investments
Oil minister Dharmendra Pradhan?s visit to the US to showcase and drum up investment opportunities in India could not have come at a more opportune ti
Read MoreGovernment may unveil new base year IIP, WPI by April-end to match up with growth numbers
The government may launch two macroeconomic indicators -- the index of industrial production and the wholesale price index -- with new base year 2011-
Read MoreSensex closes at 2-year high, retakes 29k, RIL top mover
The markets made a powerful comeback on Monday as the Sensex rallied almost 216 points and reclaimed the 29,000-mark to close at a 2-year high, cashin
Read MoreNetflix Partners With Airtel, Videocon, and Vodafone in India
Netflix CEO Reed Hastings is visiting India right now and has announced three major partnerships in the country. With both Airtel and Videocon d2h Dir
Read MoreIDFC to buy back Natixis? stake in asset management biz
IDFC Financial Holding Company Ltd (IDFC FHCL), a subsidiary of IDFC Ltd, is seeking to increase its stake in its mutual fund business by acquiring th
Read MoreChemplast Sanmar to invest Rs.425 crore in expansion
Chemplast Sanmar Ltd, the flagship of the Chennai-based diversified Sanmar Group, has announced a ?425-crore expansion-cum-diversification plan.The co
Read MoreBSE hikes annual fee for listed firms for FY18
Leading stock exchange BSE has hiked its annual fee for companies listed on its platform from the next fiscal beginning April 1. BSE, which categorise
Read MoreNot just mid-day meals: Aadhaar made mandatory for 11 more schemes
Days after news broke of the central government mandating that children will not be served mid-day meals at school without Aadhaar cards from June, it
Read MorePSA targets Opel turnaround as GM exits Europe
France's PSA Group (PEUP.PA) has agreed to buy Opel from General Motors (GM.N) in a deal valuing the business at 2.2 billion euros ($2.3 billion), cre
Read MoreStandard Life, Aberdeen agree merger, seek 200 million pound savings
Investment managers Standard Life (SL.L) and Aberdeen (ADN.L) agreed an 11 billion pound ($13.5 billion) merger that should save 200 million pounds a
Read MoreBosch readies Rs 800-cr annual capex for India for next few years
Auto component major Bosch is looking to invest up to Rs 800 crore annually for the next few years as it aims to develop its Bengaluru-based headquart
Read MoreIn FY19-FY20 we will see a lot of growth in aerospace and defence: Amit Kalyani, Bharat Forge
The first half of the year would see a consolidation and then from the second half of the year, we will start to see a gradual recovery and this is ex
Read MoreNPAs at record high: PAC for naming and shaming defaulters
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming c
Read MoreIncreased focus on rural India: For first time, loans to weaker sections surpass credit to companies
Bank loans to the weaker and deprived sections surpassed credit to the corporate sector for the first time, in part due to the government?s increased
Read MoreRevised bank charges: Here?s why and how much you have to pay
Major Indian banks ? SBI, ICICI, HDFC and Axis ? have decided to charge users for cash transactions above certain limits and for a few facilities whic
Read MoreNotification No. 09/2017-Service Tax
Service Tax payable by way of admission to a museum
Read MoreCircular No.06/2017-Customs
Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme
Read MoreCircular No.05/2017-Customs
Exemption from drawal of samples for the purpose of grant of drawback to the AEO certificate holders
Read MoreNotification No.20/2017 Customs (N.T.)
Appointment of Common Adjudication Authority in the case of M/s International Aircon Pvt. Ltd.
Read MoreNotification No.19/2017 Customs (N.T.)
Amendment of Notification No. 384/86-Cus (N.T) dated 23.07.1986
Read MoreNotification No.18/2017 Customs (N.T.)
Amendment of Notification No. 31/97-Cus (N.T) dated 07.07.1997
Read MoreNotification No.17/2017 Customs (N.T.)
Appointment of Common Adjudication Authority in the case of M/s Fulchand & Sons
Read MoreNotification No.16/2017 Customs (N.T.)
Courier Imports and Exports (Clearance) Amendment Regulations, 2017
Read MoreNotification No.15/2017 Customs (N.T.)
Amendment to Notification No.62/1994-Customs (N.T.) dated 21st November, 1994 in respect of Revdanda Port in State of Maharashtra for the purpose of u
Read MoreNotification No.14/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 3rd March, 2017
Read MoreNotification No.13/2017 Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - Reg
Read MoreNotification No. 07/2017-Customs
Amendment to Notification No.09/2012-Cus reg. enabling authorised offices or agencies in India of the laboratories mentioned under para 4.74 of HBP 20
Read MoreHIAL may sell offshore bonds to raise $350mn
Hyderabad International Airport Ltd (HIAL), a unit of Bengaluru-based GMR Infrastructure, seeks to raise about $350 million through high-coupon offsho
Read MoreHow the world paved the way for a March Fed hike
In just a week, markets went from doubting a March rate increase to viewing one as a sure bet. The central bank's top brass engineered the change by s
Read MorePhilips takes to digital tech to focus on healthcare space and increase workforce by 25%
Equipment and technology firm Philips is sharpening its focus on new wave technologies transforming itself into a ?digital company? and is looking to
Read MoreMaruti suzuki stays in pole position in FY17
Maruti Suzuki is set to outpace the automobile sector once again, with the nation's largest carmaker expecting growth to hit double digits in fiscal 2
Read MoreFPIs back in buying mode after tax clarity, pump in Rs 15,862 cr in Feb
After four months of selling frenzy, overseas investors turned net buyers in February and pumped in a staggering Rs 15,862 crore into the Indian capit
Read MoreThe direct route to mutual funds
The share of direct plans in equity and equity-oriented funds, where retail investors participate in large numbers, is less than 15 per cent currently
Read MoreRupee is fairly valued
There is no unanimity on what is the rupee?s fair value, neither among currency dealers nor among economists. Besides, various models and technical ch
Read MoreFiscal deficit worry for states
Much of economic commentary in India tends to focus disproportionately on the Union Budget. With state governments accounting for 57 per cent, at the
Read MoreTata Steel May Scrap Merger Plans With Thyssenkrupp
Tata Steel may be considering breaking off talks over a planned merger of its European business with German conglomerate Thyssenkrupp, a UK media repo
Read MoreCipla sells South African animal health biz to Ascendis for Rs 190 cr
Drug manufacturer Cipla has sold its animal health business in South Africa to Ascendis Health for around Rs 190 crore as part of its strategy to stre
Read MoreGST demand can be paid in instalments
Tax demand raised by authorities under the proposed Goods and Services Tax (GST) regime can be paid in monthly instalments of up to two years, on a ca
Read MoreDraghi Seen Keeping Cool on Stimulus Drive Amid Inflation Surge
A timeline for the end of European Central Bank stimulus is taking shape among economists.Policy makers will wait until at least June before upgrading
Read MoreBattle-hardened in Britain, May prepares for Brexit talks
British Prime Minister Theresa May is unlikely to bow to political expedience in Brexit negotiations but will make up her own mind about what she beli
Read MoreHammond Says U.K. Needs ?Gas in the Tank? as Cushion for Brexit
U.K. Chancellor of the Exchequer Philip Hammond said Britain needs ?gas in the tank? to cushion any turbulence from Brexit, adding the economy?s resil
Read MoreChina cuts growth target for 2017 to 25-year low of 6.5%
China has opted for the lowest economic growth target in over a quarter century, pegging it at 6.5% in 2017, which will be a tad lower than last year,
Read MoreCoal gas can help lower import bill by $10 billion in 5 years: Coal Secy
Domestic coal gas can be used as a feedstock for producing urea and other chemicals that can help reduce the country's import bill by $10 billion in f
Read MoreCentre to hike dearness allowance by 2% from January 1
The central government is likely to announce a hike of 2-4 per cent in dearness allowance for its about 50 lakh employees and 58 lakh pensioners later
Read MoreIndia's GDP growth appears solid, says noted US economist
Noted American economist Steve H Hanke has said that India's economic growth for 2016-17 is appearing 'solid' because the GDP figures did not take int
Read MoreNarendra Modi govt looks to widen EPFO reach to cover more construction workers, set to cut employers? liability to 10%
Driven by a policy to extend social security benefits to workers who are currently outside its ambit, the government is considering lowering employers
Read MoreFDI in services sector up 77.6% to $7.55 billion in nine months of FY17
Foreign investments in the services sector increased 77.6% to $7.55 billion in the first nine months of the current fiscal, helped by government steps
Read MoreHit by rating downgrades, India Inc?s debt profile plunges
At ten a day since April last year it?s been raining downgrades for India Inc. Downgrades have now outnumbered upgrades every month for the past 18 mo
Read MoreFaulty aircraft engines led to Kingfisher collapse: Vijay Mallya
Vijay Mallya, the embattled businessman who is in the UK, today said faulty engines were one of the factors for the collapse of Kingfisher Airlines.A
Read MoreUS services firms expand at fastest pace since October 2015
US services companies expanded in February at the fastest pace since October 2015. The Institute for Supply Management, a trade group for purchasing m
Read MoreGovt?s MGNREGA spends pushes down unemployment in February 17: SBI
Economists at the country?s largest lender SBI today attributed the sharp dip in unemployment to government efforts at pushing job creation in rural a
Read MoreAlibaba to invest $177 million for bigger stake in Paytm mall
Alibaba will invest Rs 1,180 crore ($177 million) to increase its holding in Paytm Mall, bringing to a close one of the most anticipated deals in the
Read MoreAirtel, Millicom ink pact to merge in Ghana
Bharti Airtel and Millicom International Cellular have entered into an agreement to merge their respective units in Ghana to create the second-largest
Read MoreOutlook negative for diamond exporters in FY18: India Ratings and Research
India Ratings and Research (Ind-Ra) today said it has maintained a stable outlook on organised jewellery retailers and a negative one on cut and polis
Read MoreWorld?s biggest pension fund posts record $92 billion gain
The world?s biggest pension fund posted the biggest quarterly gain in its history as Japanese stocks surged and a plunge in the yen boosted overseas i
Read MoreShell companies under our radar: CBDT chief
The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Af
Read More100% I-T sop to end for some NGO donations
Donations made to hundreds of projects carried out by NGOs across the country will no longer be eligible for a 100% income tax (I-T) deduction in the
Read MoreRailways has sanctioned projects worth Rs 13,500 crore for North East
The Railways has sanctioned projects worth Rs 13,500 crore for the North East in this year's budget, Union Minister of State for Railways Rajen Gohain
Read More'Enhanced budget allocation to infra will boost order inflow'
Enhanced budgetary allocation of Rs 3.96 lakh crore to the infrastructure sector would boost order inflows and is positive for companies in the segmen
Read MoreLiability linkage provision in GST to hit small traders
A provision in the model goods and services tax (GST) law to ensure the smooth flow of credit and minimise tax evasion could hit small businesses and
Read MoreNew trademark rules to cut application forms to eight from 74
New trademark rules with simplified processes, fewer forms and online filing will come into effect next week, substantially improving the ease of doin
Read MoreFlipkart clinches 51% share in online smartphone sales
India?s largest online retailer Flipkart clawed back market share in the crucial smartphone category during the festive quarter, but rival Amazon Indi
Read MoreHindalco QIP sees 3x demand, raises $500 m
India's first metal sector share sale through qualified institutional placement (QIP) from Hindalco was lapped up by institutional investors in a vote
Read MoreI-T target hits record tax refund hurdle
Record tax refunds by the income tax (I-T) department so far this financial year (2016-17) to companies and individuals has adversely impacted the dir
Read MoreYellen points to March rate hike as Fed signals end of easy money
The U.S. Federal Reserve's long-stalled 'liftoff' of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Frid
Read MoreOil rebounds from recent weakness, still rangebound
Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak complia
Read MoreBank credit growth falls to 4.8%
Credit growth in the banking sector continues to fall and has now registered a growth rate of 4.8 per cent as on February 17, data from the Reserve Ba
Read MoreJapan consumer prices rise for first time in year but BOJ goal still distant
Japan's core consumer prices rose for the first time in over a year in January thanks to a pickup in energy costs, but a slump in household spending s
Read MoreEurozone growth running at fastest rate since 2011
The 19-country eurozone economy is growing at its fastest rate since 2011, according to a survey released Friday, but few economists expect the Europe
Read MoreIPO rush on SME platform; 36 companies line-up plans
Looking to tap into the upbeat investor sentiment, as many as 36 small and medium enterprises have lined up initial public offers (IPOs) to fund busin
Read MoreGovernment asks banks to enable m-banking for all by March 31
The government has instructed banks to link all savings accounts with mobile and Aadhaar numbers by March 31, 2017, and enable mobile banking for such
Read MoreWell positioned for 50% revenue market share by 2021: RJio
The country's data market will touch Rs 3 lakh crore by 2020-21, newcomer Reliance Jio has estimated, while claiming it is "well positioned" to achiev
Read MoreReal estate sector outlook negative for FY'18: India Ratings
Realty sector's outlook remains negative for the next fiscal with housing sales expected to be muted due to high prices and significant delays in comp
Read MoreIndia's forex reserves remain flat for the last week of February
India's foreign exchange reserves rose marginally by $63.7 million to reach $362.8 billion as on February 24 said the Reserve Bank of India today. Acc
Read MoreServices sector returns to growth after 3-month contraction
The services sector returned to the growth zone in February after three months of demonetisation-driven contraction but recovery was 'mild' and busin
Read MoreMost-Traded Bonds Vanish From India's Repo Market as Banks Hoard
India?s most-traded bonds have become virtually unavailable in the repurchase market as banks looking to maximize treasury gains before closing books
Read MoreTelcos in crisis and it is not just Reliance Jio to blame, Centre to blame too
The telecom sector?s fate hangs in precarious balance and all its woes are not only due to the pricing pressure brought about by Reliance Jio. The big
Read MoreTata-DoCoMo truce may leave Japanese firm with $790 million to invest in India
India's Tata Sons will split a dispute settlement payment of $1.18 billion owed to NTT DoCoMo over the Japanese firm's exit from a telecoms joint vent
Read MoreReliance Jio expects to gain over 50 per cent of revenue market
Mukesh Ambani owned Reliance Jio expects to gain over 50 per cent of revenue market share with operating margins of over 50 per cent, based on huge ex
Read MoreWipro completes sale of EcoEnergy division
Wipro, India's third largest software exporter, today said it has completed the $70 million sale of its EcoEnergy division. In November last year, the
Read MoreInflation returns to Japan for the first time in more than a year
Japan?s core consumer prices have risen for the first time in over a year thanks to a pickup in energy costs, marking a rare victory in the government
Read MoreItaly service sector growth strongest for 14 months in Feb: PMI
Italy's service sector grew in February at its fastest rate for more than a year, a survey showed on Friday, bolstering prospects for near-term econom
Read MoreUK economy 'loses momentum' as services growth slows
Growth in the UK's service sector eased to a five-month low in February, according to a closely watched survey. The Markit/CIPS purchasing managers' i
Read MoreModi gets tough on benami transactions: Violators may get may get 7 years rigorous imprisonment
The tax department today warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years and such violato
Read MoreImpact of demonetisation showing to be transient: Naushad Forbes on the recent GDP figure
With GDP growth rate at 7%, the impact of demonetisation is showing to be transient, Naushad Forbes, president, Confederation of Indian Industry, CII,
Read MoreJapan keen to invest in India's food processing sector: Harsimrat Kaur Badal
Minister for Food Processing Harsimrat Kaur Badal is meeting executives of top Japanese food processing, manufacturing and retailing companies such as
Read MoreServices rebound after four months, PMI rises to 50.3 in February
Slow recovery in demand helped India's services industry rebound in February for the first time in four months, a private business survey showed on Fr
Read MoreTelecom stress: Revenue may decline by 6% in FY18, say analysts
The telecom sector is witnessing protracted strong headwinds with revenue expected to contract 3- 5 per cent this fiscal year due to the ongoing tarif
Read MoreGerman firm ZF opens global tech centre, to invest ?15 million over next five years
ZF Friedrichshafen AG, a German automative sector player, has inaugurated its first technology centre here.The centre will have 2,500 employees by 202
Read MoreSilver import could fall to 5-year low as note ban hits demand
Silver import by India, one of the world?s top buyers, will probably shrink this year to the lowest since 2012 as the government cracks down on undisc
Read MoreUDAY benefits start trickling in
The power distribution reforms scheme, Ujwal Discom Assurance Yojana (UDAY), is improving, slowly, the financials of distribution companies (discoms).
Read MoreEssar Steel forays into defence manufacturing sector
Essar Steel has forayed into the high growth Defence manufacturing sector by developing steel grades which find application in Land and Naval Defence.
Read MoreGovernment to soon announce relaxations in the Foreign Direct Investment
The government is expected to soon announce relaxations in the foreign direct investment (FDI) policy in certain sectors, including single brand retai
Read MoreChinese e-commerce firm JD.com's revenue jumps 47%
JD.com, China's second biggest e-commerce firm, said fourth-quarter revenue jumped 47% from a year earlier driven by strong sales in their core e-comm
Read MoreSnap Raises $3.4 Billion, Pricing Shares in IPO Above Range
Snap Inc. raised $3.4 billion in its initial public offering, pricing the shares above the marketed range.The company sold 200 million shares for $17
Read MoreEuro zone inflation jumps past ECB target
Euro zone inflation surged to a four-year high last month, zooming past the European Central Bank's target and piling pressure on rate setters to open
Read MoreChinese iron ore miners plot return as prices surge
Rocketing iron ore prices may prompt Chinese producers to reopen mines shuttered years ago in a sector downturn, potentially tightening the market for
Read MoreSaudi Arabia Oil Tanker Tracking Shows Exports Slide in February
Saudi Arabia?s shipments of crude oil fell last month, indicating OPEC?s biggest producer is continuing to cut supplies by more than it pledged.The wo
Read MoreCoal India production grows 6.5 per cent in Feb to 54.3 MT
Coal India registered a healthy 6.5 per cent growth in coal production to clock 54.30 million tonnes in February, this year compared to 50.98 million
Read MoreIndian Lenders' $105 Billion Pile of Maturing Debt Stokes Appetite for Bonds
As Indian lenders prepare to refinance the biggest debt maturity for any three straight years in a decade, investors are lining up.The financial secto
Read MoreICICI Bank hits overseas debt market with $500-mn issue
Private sector lender ICICI Bank today hit the overseas debt market with a USD 500-million dollar-denominated bond issue and is expected to close the
Read MoreAlibaba, SAIF to invest $200 million in Paytm
Chinese e-commerce major Alibaba, along with investment firm SAIF Partners, will pump in $200 million in Paytm?s online marketplace unit making the In
Read MoreStartups: Rationalise taxation of AIFs for greater flows, remove discriminatory policies
The funding of start-up enterprises and unlisted companies in India largely takes place through SEBI-registered Alternative Investment Funds (AIFs) an
Read MoreBank NPAs: ARC to tackle bad loans unlikely as Narendra Modi govt opts for wait and watch policy
The idea of a public-sector asset reconstruction company (ARC) to tackle the bad loan crisis, as mooted by the latest Economic Survey, is unlikely to
Read MoreGST Bill to make peak tax rate 40%, slabs intact for now
The GST levy may go up to 40 per cent after the GST Council proposed raising the peak rate in the Bill to 20 per cent, from the current 14 per cent, t
Read MoreSBI interest rates on term deposits slashed from March 1
State Bank of India (SBI) has reduced interest rates on term deposits with maturities of between 180 days and one year, and between 456 days and three
Read MoreMalaysian fund Khazanah arm selling $160m stake in India?s Apollo Hospitals
A unit of Malaysian sovereign fund Khazanah has launched a block deal to sell a $160 million worth of shares in India?s Apollo Hospitals Enterprise Lt
Read MoreCognizant buys Japanese firm Brilliant Service
Cognizant Technology Solutions has acquired Brilliant Service, a Japan-based intelligent products and solutions company.This will expand its digital t
Read MoreGovernment defeated on Brexit bill
The government has been defeated after the House of Lords said ministers should guarantee EU nationals' right to stay in the UK after Brexit.The vote,
Read More'Long shadow' of financial crisis hits incomes
Typical household incomes in the UK will not grow for the next two years due to the "long shadow" of the financial crisis, a report suggests.In five y
Read MoreInfra boost: World Bank may extend $1-billion loan to Maharashtra
The World Bank is considering providing a $1 billion loan to the Maharashtra government for improving rail services in the Mumbai metropolitan region,
Read MoreBanks? non-food credit growth slows to 3.5% in January
Non-food credit, comprising loans given by banks to agriculture and allied activities, industry, services and personal segments, grew at a slower clip
Read MoreBad loans likely to rise further
Initial data with the Reserve Bank of India suggest that bad loans could rise further as companies have struggled with cash flows after demonetisation
Read MoreRussia puts out forex data
The Russian central bank resumed on Wednesday publishing the amount of foreign currency purchases it carries out for the finance ministry. The central
Read MorePost-amalgamation, 1,500 branches of SBI, associates will be merged
About 1,500 branches of State Bank of India and its five associate banks will be merged following amalgamation of the latter with their parent bank, s
Read MoreAdani's Mundra power plant does record 600 days continuous generation
Adani Power Limited, part of the Adani Group, saw a 330 megawatt (Mw) unit 4 at its 4620 Mw Mundra thermal power plant run continuously for record 600
Read MoreJindal Stainless enters defence arena, teams up with DRDO
Jindal Stainless (Hisar) Ltd has announced its entry into the Indian defence market in collaboration with Defence Research & Development Organisation
Read MoreCar sales in February show auto sector out of demonetisation blues
Passenger vehicle sales of most auto makers rose in February on the back of higher despatches to dealers before the end of the fiscal year. Sales were
Read MoreOne Startup Builds $1 Billion Business Out of 15-Cent Bike Rides
Walk around the streets of Beijing these days and the sidewalks are thronged with yellow and orange bicycles. These are the weapons of choice in one o
Read MoreGDP post note-ban: Construction, finance and real estate lag in Q3
The economy may have beaten the note ban blues to grow at an estimated 7 per cent in the third quarter of the fiscal year, but sub-sectors such as con
Read MoreIndian Oil plans Rs 40K-crore mega refinery at Nagapattinam
State-run Indian Oil Corporation (IOC) plans to come up with a 15-million-tonne (mt) refinery, with an investment of about Rs 40,000 crore, at Nagapat
Read MoreDLF to sell 40% stake in rental arm to GIC
In one of the biggest real estate deals, leading developer DLF has decided to sell 40 per cent of the stake in the company?s rental arm DCCDL for an e
Read MorePNB plans sale of Rs 1,800 crore bad loans to ARC this month
Stepping up efforts to recover bad loans, state-owned Punjab National Bankhas identified assets worth Rs 1,800 crore to be sold to ARCs by month end.
Read MoreUK Manufacturing Growth Slows in February as New Orders Rise at Moderate Pace
Growth in the UK's manufacturing sector slowed slightly in February as new orders rose at a slower pace than that seen in the previous month against a
Read MoreU.S. Consumers Spend Less Than Forecast as Inflation Bites
Consumer spending rose less than projected in January as rising prices pinched Americans? wallets, leading inflation-adjusted purchases to fall by the
Read MoreUS manufacturing surges to a 3-year high in February
The Institute of Supply Management and Markit Economics will release their reports on the US manufacturing sector during February.Markit's purchasing
Read MoreSAIL's Feb export best-ever monthly volume in 10 years
SAIL today said it exported 1.03 lakh tonnes of steel in February, its best ever monthly export figure in the last 10 years. The PSU steel major said
Read MoreFPIs become net buyers of Indian debt instruments in February
After four successive months of selling, foreign portfolio investors (FPIs) have turned net buyers of Indian debt instruments in the month of February
Read MoreGDP surprise takes market to 6-month high, Sensex soars 241 points
Robust GDP data for the December quarter allayed market fears as the Sensex on Wednesday rallied over 241 points to end at about a six-month high of 2
Read MoreShorter-term debt yields fall to pre-policy levels
Surging after the Reserve Bank of India?s decision to keep key policy rates unchanged and change its stance on liquidity to ?neutral? from ?accommodat
Read MoreGrowth in UPI transaction value eases to 3.6% in February
Transactions carried out through the Unified Payments Interface (UPI) channel may have begun to plateau in February after clocking month-on-month grow
Read MoreIndian firms raise USD 1.82 bn from overseas markets in Jan
Indian companies raised USD 1.82 billion from overseas markets through external commercial borrowings and rupee-denominated bonds in January this year
Read MoreIndian PEs see a stronger deal pipeline in 2017
A significant majority of private equity firms in India are optimistic about stronger deal activity this year, with funds looking at financial servic
Read MoreJSW Steel makes offer to buy controlling stake in Monnet Ispat & Energy
Sajjan Jindal-led JSW Steel has made an offer to buy controlling stake in Monnet Ispat & Energy Ltd through the strategic debt restructuring (SDR) rou
Read MoreHigher NTPC output underlines governmen't growth story
India's largest generation utility NTPC has produced 4.67% more power in the 11 months of the current financial year than the previous financial year,
Read MoreFY17 GDP to grow at 6.9%, will recover to 7.2% in FY18: BofAML
India is expected to clock a GDP growth of 6.9 per cent this fiscal, which is likely to recover to 7.2 per cent in 2017-18, says a Bank of America Mer
Read MoreIndia's February gold imports surge on pent-up demand - GFMS
India's February gold imports surged to 50 tonnes, up more than 82 percent from a year ago, on pent-up jeweller demand and as retail consumers ramped
Read MoreFactory output expands for 2nd straight month
After demonetisation hit manufacturing hard in December, factory activities saw a second month of expansion in February and at a rate higher than in J
Read MoreNokia, Airtel to collaborate on 5G, Internet of Things applications
Telecom giant Bharti Airtel Ltd and network equipment maker Nokia will expand their collaborative technology partnership to work on 5G technology stan
Read MoreIndia refuses to accede to European Union requests; post-March, investors to have no legal cover
Fresh investments by European companies in India and vice versa after April 1 won?t enjoy legal protection under any bilateral arrangement, as India h
Read MoreNotification No. 15/2017
[Notification No. 15 /2017, F.No.178/7/2016-ITA-I]
Read MoreNotification No. 14/2017
[Notification No. 14/2017/F. No. 196/30/2016-ITA-I]
Read MoreNotification No. 13/2017
[Notification No. 13/2017/ F. No. 370142/2/2017-TPL]
Read MoreNotification No. 12/2017
Notification No. 12/2017 (F.No.225/120/2016/ITA-II)
Read MoreNotification No. 11/2017
Notification No. 11/2017 (F.No.203/06/2016/ITA-II)
Read MoreTrump's goal of 3 percent economic growth is somewhat unrealistic, Cramer says
President Donald Trump's goal of 3 percent economic growth is somewhat unrealistic, CNBC's Jim Cramer said on Tuesday.In an interview with Fox & Frien
Read MoreAgriculture credit hogged by preferred few: here?s how Narendra Modi government can fix anomaly
With the bulk of agriculture credit going to a handful of states like Tamil Nadu and Punjab, as FE has reported, chances are the government will direc
Read MoreUK and Canada closing the door on millennial home ownership: HSBC
Millennials are optimistic about the prospect of owning their first home within the next five years, but a poor grip on finances coupled with a hostil
Read MoreComcast to buy remaining 49 percent stake in Universal Studios Japan
Comcast Corp (CMCSA.O) said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.
Read MoreDyson buys Hullavington airfield for new tech centre
Wiltshire firm Dyson has bought Hullavington airfield to turn it into a multi-million pound research and development centre.The airfield is a 517-acre
Read MoreIndia's metros fail in urban governance, small cities fare better
Bhubaneswar, Ahmedabad, Raipur and Ranchi improve their ranking in the urban governance scores for India's cities, while large cities such as Bengalur
Read MoreAmtek Auto plans to raise Rs 117.5 cr; to hold EGM on March 25
Troubled auto components maker Amtek Auto is planning to raise Rs 117.5 crore by issuing equity shares to promoters on a preferential basis for which
Read MoreF in FMCG is future for Amazon
Online retail giant Amazon hopes that apart from end-user consumers, the Indian fast moving consumer goods (FMCG) companies will drive its growth this
Read MoreDLF might announce stake sale today
After months of negotiations, realty major DLF might announce the name of the buyer in its rental arm, DLF Cybercity Developers, on Wednesday, said so
Read MoreSEBI seeks tech solution to algo woes
Securities market regulator SEBI is taking the help of an external technical team to tackle issues related to algorithmic (algo) trading. Speaking to
Read MoreRolls-Royce Freezes Pay for 8,000 Managers as Profit Tumbles
Rolls-Royce Holdings Plc will freeze salaries for 8,000 managers as Europe?s biggest aircraft-engine maker deepens cost cuts after earnings fell by al
Read MoreSsangYong meshing well with Mahindra?s plans
Six years after it acquired SsangYong Motor for a little over $450 million, Mahindra & Mahindra is now beginning to reap the benefits of this move.Acc
Read MoreProvidence sells entire 3.3% stake in Idea for Rs 1,288-cr
Providence Equity Partners today exited telecom firm Idea Cellular by selling its entire 3.33 per cent stake for an estimated Rs 1,288 crore through a
Read MoreTatas & Docomo Reconnect, End War Over $1.2b Payment
Tata Sons and NTT Docomo proposed a resolution to the Delhi High Court on settling a dispute over the $1.17 billion due to the Japanese telco for exit
Read MoreIndia's bleeding startups stare at a harsh summer, hands out pink slips to hundreds
The Indian startup sector is bracing for more job losses as some half-a-dozen midsized companies issue layoff notices to hundreds of employees in a bi
Read MoreXiaomi unveils in-house chipset ?Surge S1? to streamline production, cut prices
Chinese smartphone firm Xiaomi Inc announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and g
Read MoreSoftBank to Merge OneWeb With Intelsat, Invest $1.7 Billion
OneWeb Ltd., a U.S. satellite venture backed by billionaire Masayoshi Son?s SoftBank Group Corp., is merging with debt-saddled satellite provider Inte
Read MoreU.S. economy slowed in fourth quarter despite robust consumer spending
The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as Presiden
Read MoreChina says economy faces global uncertainties, overcapacity at home
China's economy faces risks from international uncertainties and excess factory capacity this year, the statistics bureau said on Tuesday.The world's
Read MoreSaudi Arabia wants oil prices at $60 to discourage shale production
Riyadh expects crude prices to rise to $60 per barrel this year, according to unnamed sources from the Organization of the Petroleum Exporting Countri
Read MoreGujarat Ambuja Exports to buy back over two crore shares worth R225 cr
Gujarat Ambuja Exports said in a regulatory filing on Tuesday that it has decided to buy back 2.36 crore shares worth R225 crore. The buyback offer is
Read MoreSebi allows FPIs to invest in unlisted corporate bonds, securitised debt
Regulator Sebi on Tuesday permitted FPIs to invest in unlisted corporate debt securities and securitised debt instruments with a ceiling of Rs 35,000
Read MoreBanks' profit to improve in FY18, capital infusion necessary: S&P
S&P Global Ratings on Tuesday said profitability of banks will improve in the next financial year but barring large capital infusion the ratings on PS
Read MoreAs demand for Indian debts fall, 16 state governments raise 25,136 crore through auction of bonds
At a time when demand for Indian debt seems to be falling, 16 state governments raised as much as R25,136 crore through auction of bonds on Tuesday. T
Read MoreRBI sets up panel to review cyber threats
The Reserve Bank of India on Tuesday announced the setting up of an Inter-disciplinary Standing Committee on Cyber Security. The 11 member committee w
Read MoreReliance Jio, Samsung announce Infill & Growth partnership to enhance user experience
To enhance user experience, tackle no network problems, call drop issues and upgrade the current LTE mobile communications across India, Samsung annou
Read MoreVijay Mallya PMLA case: Court nod to ED to attach Rs 4,200 cr assets
A special court in New Delhi has confirmed the Enforcement Directorate order to attach Rs 4,200 crore assets of liquor baron Vijay Mallya and others,
Read MoreBank crisis: Until stressed assets dealt with, economic growth in India will be choked off
In an earlier column, I highlighted the urgent need to deal with non-performing assets (NPAs) of Indian banks, as well as the important role that the
Read MoreIncome tax returns: No tax on Rs 20 lakh gratuity for private employees
The government has amended the Payment of Gratuities Act where private sector employees will now be able to withdraw up to R20 lakh in tax-free gratui
Read MoreSteel Ministry eyes Cabinet fiat to make India-made steel use a must in govt projects
The steel ministry will soon seek the Cabinet?s approval for a proposal to make the use of India-made steel mandatory for government-funded and relate
Read MoreOECD backs demonetisation, projects FY17 GDP growth at 7%
The Organisation of Economic Cooperation and Development (OECD) has supported India?s demonetisation drive, asserting that immediate impact of the mov
Read MoreApril-Jan fiscal deficit at 105.7% of FY17 target
Fiscal deficit in the first 10 months to January was Rs 5.64 lakh crore or 105.7% of the budgeted target for the fiscal year ending in March 2017, gov
Read MoreFlipkart valuation slashed to under $5.5 bn by Morgan Stanley
From a peak of $15 billion in June 2015, e-commerce player Flipkart?s valuation is now down to less than $5.5 billion with Morgan Stanley marking it d
Read MoreIndia?s GDP grew 7% despite demonetisation, CSO data shows
Official data released on Tuesday showed that demonetisation hasn?t pushed the economy into a retreat as most feared, with its short-term adverse impa
Read MoreNotification No. 14/2017/F. No. 196/30/2016-ITA-I
Publish Date : Thursday, February 23, 2017
Notification No. 15 /2017 [F.No.178/7/2016-ITA-I
Publish Date : Thursday, February 23, 2017
Service Tax Commissionerate, Delhi III
Service Tax Commissionerate, Delhi III
Read MoreStates agree to roll out GST by July: Shaktikanta Das
India's decade-long wait for a national sales tax that will create one of the world's biggest single markets could be almost over by July 1. As per ec
Read MoreSamsung Group says dismantling corporate strategy office
South Korea's Samsung Group on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglome
Read MoreEurozone Business Confidence Grows Despite Impending Elections
Eurozone businesses grew more optimistic about their prospects in February, as a measure of confidence among service providers rose to its highest lev
Read MoreTrump to Propose $20 Billion Increase in Military Spending
President Donald Trump?s first budget proposal would offset a roughly $20 billion boost in military spending from current levels by cutting funding ac
Read MoreUK 'must insulate 25 million homes'
More than one home every minute will need to be refurbished in the UK between now and 2050, experts say.A report to Parliament says 25 million existin
Read MoreSequoia?s $10 m Belongs to this Big Data Firm
Big data recruitment startup Belong has raised $10 million (.`68 crore) in funding led by Sequoia Capital. Existing investor Matrix Partners also part
Read MoreIndia will soon have its own liveability index
You would soon know how liveable your city is. Taking a leaf out of international practice of rating cities on liveability, India is all set to introd
Read MoreMarch may see companies raising up to Rs 6,000 crore via IPOs
At least half a dozen companies are set to raise Rs 6,000 crore in March or early April through initial public offerings (IPOs) in what would be the s
Read MoreOdisha Budget outgo at Rs 1.06 lakh cr, growth pegged at 8-8.5% in FY18
Unfazed by the global macroeconomic headwinds and the internal punch delivered by demonetisation, Odisha has projected a GSDP (Gross State Domestic Pr
Read MoreUrban ministry for 6-fold hike in reform-incentive fund
Urban development ministry has proposed a six-fold increase in reform-incentive fund to over Rs 3,000 crore annually over the next three years to push
Read MoreFPIs renew interest in Indian bonds
Foreign portfolio investors (FPIs) are returning to the bond market after battling negative sentiment in recent months. In February, till last Thursda
Read MoreStates' fiscal deficit will rise to 3.3% in 2017-18: India Ratings
Even as the centre has managed to contain its fiscal deficit, state governments still remain profligate. A report by ratings firm India Ratings and Re
Read MoreIdea-Vodafone deal to be revealed with Grasim-Nuvo voting
The Kumar Mangalam Birla group is keen to announce the merger of Idea Cellular with Vodafone India at the same time as it sends out voting notices to
Read MoreUS durable goods orders rose 1.8% in Jan vs. 1.7% increase expected
U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tra
Read MoreSaudi Aramco to invest $7 bn in Petronas' RAPID oil refinery
Malaysia's Prime Minister Najib Razak announced on Monday that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refine
Read MoreSoftBank nears deal to invest $3 billion in U.S. startup WeWork: CNBC
Japan's SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC
Read MoreFunds prepare $2 bn oil market play as supply tightens
Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an ener
Read MoreNCDEX offers early pay-in facility to FPOs
The National Commodity and Derivatives Exchange (NCDEX) today said it has offered Farmer Producer Organisations (FPOs) to deposit their produce in exc
Read MorePolicy to ensure availability of cheap iron ore within a month
The government is working on a policy initiative to ensure the availability of iron ore at a cheaper price and will come out with details within a mon
Read MoreSebi permits FPIs to invest in unlisted corporate bonds
In a bid to deepen capital markets, Sebi today notified new norms allowing Foreign Portfolio Investors (FPIs) to invest in unlisted corporate debt sec
Read MoreLIC?s total premium income up 12.4% to R1.45 lakh cr till December 2016
Life Insurance Corporation of India (LIC) has earned a total premium income (both first-year premium and renewal premium) of R1.45 lakh crore for nine
Read MoreRupee hits 3-1/2 mth high, up 11 paise to 66.71
The rupee strengthened further to end at a fresh 3-1/2 month high of 66.71, appreciating by 11 paise on the back of sustained selling of the American
Read MorePaytm crosses 200 million wallet user base
Mobile wallet major, Paytm announced today that its user base has crossed 200 million wallets. The company said that within three years of launching t
Read MoreJapan e-tailer Rakuten puts India plans on hold as Snapdeal, Stayzilla, others start sacking staff
Rakuten, the Japanese e-tailer, is unlikely to launch its operations in India anytime soon, weighed down by the recent developments in the sector, lik
Read MoreApple India net profit up 21%, revenues up 54% in FY16
Apple India posted a 21% jump in its net profit to Rs 294 crore in FY16; its revenue was up 54% at Rs 9,997 crore, according to data available on Tofl
Read MorePininfarina,Hybrid Kinetic ink 65mn euro pact for electric car
Mahindra group-owned automotive design firm Pininfarina has inked a pact worth 65 million euros (around Rs 460 crore) with Hong-Kong listed Hybrid Kin
Read MoreFair price shops take to ePoS, Gujarat govt showers a number of services like bus tickets, DTH TV recharges on them
After installing electronic point of sale (ePoS) machines at all the 17,000 fair price shops (FPSs) in the state, the Gujarat government has decided t
Read MoreONGC may acquire HPCL in USD 6.6 bn deal
State-owned Oil and Natural Gas Corporation (ONGC) may acquire India's third-biggest fuel retailer HPCL in an about Rs 44,000 crore (USD 6.6 billion)
Read MoreAgricultural credit: Tamil Nadu, Punjab in preferred states? list, even as poor farmers in Odisha, Bihar still deprived
Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Prade
Read MoreAirtel?s Sunil Mittal calls for an end to international roaming charges
Sunil Bharti Mittal, chairman of India?s largest telecom company Bharti Airtel Ltd and chairman of GSMA, has called for an end to international roamin
Read MoreDonald Trump to sign new travel order on Wednesday
US President Donald Trump is expected to sign a new refugee and immigration executive order on Wednesday, a day after addressing lawmakers at a joint
Read MoreForeign regulators check on health of Indian banks
Amid mounting bad loans and dip in profits, financial services regulators of several countries where Indian banks operate have sought assurance from b
Read MorePaytm wallet reaches 200 million users
Mobile wallet company Paytm has touched 200 million wallets users, founder Vijay Shekhar Sharma tweeted on Monday. The company has seen a massive spik
Read MoreLIC's total assets cross Rs 24 lakh crore as on December 2016
Life Insurance Corp, the country?s biggest institutional investor posted a growth of 12.81% in total assets to Rs 24.41 lakh crore at the end of Decem
Read MoreIndia's organised retail market presents a whopping $75 billion opportunity for retailers
India?s retail market is expected to grow to US$ 1.1 trillion by 2020 on the back of income growth, urbanization and attitudinal shifts. The organized
Read MoreRussia's VTB plans to slim down in Europe, keep London as hub
Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for i
Read MoreSaudi Aramco to invest $7 billion in Petronas' RAPID oil refinery
Malaysia's Prime Minister Najib Razak announced on Monday that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refine
Read MoreAlibaba takes first step into India's marketplace with launch of Paytm Mall
Alibaba-backed Paytm has launched Paytm Mall, a consumer shopping app, to take on local rival Flipkart and global rival Amazon in the country.The Payt
Read MoreONGC to take control of HPCL to create larger oil sector entity - ET
India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated publ
Read MoreBrexit to demonetisation, why is economic forecasting so difficult, asks Meghnad Desai
A debate has broken out in British Press about the quality of economic forecasting. When the Brexit referendum voted to leave by a majority of 52% to
Read MoreGood news on economy: Indian Railways freight offloading shows ?healthy growth? after 2-year gap
In what indicates a possible pick-up in the economy, Indian Railways? freight loading has seen a dramatic increase since late January, recovering from
Read MoreNotification No. 08/2017-Service Tax
Services by the operators of Common Effluent Treatment Plant by way of treatment of effluent from the 1st of July 2012 to 31st of March 2015
Read MoreCircular No. 1052/01/2017-CX
Classification of articles of paper and printing industry
Read MoreNotification No.RBI/2016-17/235
Sovereign Gold Bonds, 2016-17 ? Series IV - Operational Guidelines
Read MoreNotification No.RBI/2016-17/234
Sovereign Gold Bonds 2016-17 ? Series IV (Revised)
Read MoreExpect decent return on IT over the next couple of years: Neeraj Deewan, Quantum Securities
IT has seen a good move because of these buybacks which have come in and now people are expecting Infosys or Wipro or other companies to also follow t
Read MoreWarren Buffett upbeat on US business growth
US billionaire Warren Buffett has backed American businesses to continue to create "mind-boggling" wealth.The investment guru, known as the "Sage of O
Read MoreChina January services trade deficit narrows to $20.9 bn: FX regulator
China's trade deficit in services narrowed to $20.9 billion in January from $26.1 billion in December, the foreign exchange regulator said on Monday.
Read MoreRBI to frame standard procedure for FDI approvals post FIPB
The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government deci
Read MoreCSO set to lay bare note ban bruises on economy, may peg GDP growth below 7%
The second official estimate of GDP growth due on Tuesday is likely to show the economy expanded below 7% in FY17, tripped by the November 8 demonetis
Read MoreForeign Portfolio Investors net inflow at Rs 14,600 cr in February
Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation.The late
Read MorePrivate equity firm True North looks to buy major stake in Home First Finance Company for Rs 600 crore
Homegrown private equity firm True North, formerly Indi-an Value Fund, has entered into a binding agreement to acquire a majority stake in Home First
Read MoreGodrej Aerospace readies Rs.200-crore facility for defence business orders
Godrej Aerospace (GA), a business unit of Godrej & Boyce, which had recently contributed to the ISRO?s successful launch of 104 satellites by manufact
Read MoreL&T arm bags Rs 1,100 cr contract from IOC
Larsen and Toubro Hydrocarbon Engineering on Saturday said it has bagged orders worth Rs 1,100 crore from IOC for its Bongaigaon refinery in Assam.
Read MoreBizarre oil trades pose menace for OPEC
OPEC pumped at will the past two years to defend its turf against rivals. Its recent volteface has left it contending with additional threats in the w
Read MoreWill these metals outshine gold?
After staying muted for a large part of 2016, palladium and platinum have had good starts this year. While platinum prices are up about 12 per cent, p
Read MorePE firm Lone Star, IL&FS to invest $550 m in stressed infra projects
Global private equity firm Lone Star has partnered with Indian infrastructure financing firm IL&FS to jointly invest in stressed infrastructure projec
Read MoreWind power sector hopes to see demand surge on low tariff
The success of the country?s first-ever auction for wind power projects is likely to spur the demand for the alternative energy source. With the tar
Read MoreStock markets slip into expensive territory once again
Propelled by better-than-expected corporate results in the October-December 2016 quarter despite demand shock from demonetisation and the ongoing rall
Read MoreJSW consortium submits bid for Italian plant Ilva
Sajjan Jindal?s JSW Steel, along with three consortium partners, including the owner of the Luxottica Group, has submitted a final bid for Italy?s los
Read MoreOla raises $330 mn at $3.5-bn valuation
Ola, India?s largest taxi aggregator, has raised $330 million in fresh funding, at a valuation of about $3.5 billion, from Japanese investor SoftBank
Read More?No debt relief for Greece? says Germany?s deputy finance minister
Germany?s deputy finance minister Jens Spahn suggests that Greece should not be granted a ?bail in? that would involve creditors taking a loss on thei
Read MoreChina to allow more IPOs to lure capital
China will allow more companies to list on its stock market to boost support for its economy, the nation?s top securities regulator said, dismissing c
Read MoreNMDC's Rs 18,000-cr steel plant may be completed by Dec
Facing year-long delay, the Rs 18,000 crore integrated steel plant of state-owned iron ore miner NMDC, coming up at Nagarnar in Chhattisgarh, is likel
Read MorePrivate power plants can bid for coal with states
Private power plants can now procure coal from state governments? coal reserve, which is allocated for power production. The move aims to enhance the
Read MoreGermany?s Metro Cash & Carry posts loss for 15th year; but sales up 16.5% at Rs 4,629 cr
The Indian unit of Germany?s Metro Cash & Carry, which entered the country almost 15 years ago, posted a net loss of R91 crore in FY16. However, sales
Read MoreGST: DGFT wants GST Council to create an e-wallet facility to ease exporters fears
Showing allegiance to exporters who fear that the proposed policy of tax refunds ? as opposed to exemptions ? for exports under the Goods and Services
Read MoreThe obscure Fed position with outsized power over economic growth
At a time when the country is divided regarding just about everything, there is one priority we can all agree upon: the need to grow the economy and e
Read MoreJPMorgan: Why we?re betting on a stronger yen
The yen was set to strengthen against the dollar, despite expectations that U.S. interest rates will rise this year, a foreign-exchange strategist at
Read MoreTime Warner selling Peachtree TV for $70 million
Time Warner Inc. is selling the TV station upon which Ted Turner built his empire. WPCH, or Peachtree TV, was known as WTBS in the 1980s, when the Atl
Read MoreCentre may bring in new method to value M&A; to tax undervalued ones
There may be some good news for corporate houses, private equity and venture capital funds concerned over the government's announcement in the Union B
Read MoreApple Cart Likely to Roll in with Partners in Tow Co will establish ecosystem of partners that may include contract manufacturers and suppliers
Apple has told the government that it plans to make most of its products in India and that it will establish an ecosystem of partners, which may inclu
Read MoreCopper may rebound on revival signs
Despite supply disruptions and bullish news flow across markets, the metal is capping two straight weekly declines. It has fallen 5 per cent from the
Read MoreRs.7,500-crore road network to boost North-East economy
The Centre is planning Rs.7,500-crore-worth road-widening projects in Meghalaya, Manipur and Mizoram to improve connectivity with Bangladesh and Myanm
Read MoreBoE proposes changes to ease capital burden for smaller banks
The Bank of England proposed on Friday to allow new banks to hold less capital from next January to help them win more market share from the "Big Four
Read MoreUK-based banks will have to move some operations to EU: Bundesbank
Banks based in Britain will struggle to access European markets once Brexit is completed so they will probably have to relocate some operations to the
Read MoreWhatsApp eyeing e-comm, digital payments in India
Popular messaging platform WhatsApp has 200 million active users in India, making it the largest market for the Silicon Valley-based firm. The Faceboo
Read MoreOil Slips From 19-Month High as Ample Supply Offsets OPEC Cuts
Oil retreated from the highest close since July 2015 in New York as record U.S. crude inventories offset OPEC production curbs.Futures dropped 0.8 per
Read MoreForex reserves down $56.8 mn to $362.73 bn
India?s foreign exchange reserves declined by USD 56.8 million to USD 362.73 billion in the week to February 17, on account of dip in foreign currency
Read MoreFund raising via QIPs down 76 pc to Rs 4,627 cr in 2016
Indian firms raised over Rs 4,600 crore through issuance of shares to institutional investors during 2016, a sharp fall of 76 per cent from the previo
Read MoreIIP to stay muted in January; will grow by 0-0.5%: D&B
Index of Industrial Production (IIP) will remain weak and may only grow up to 0.5 per cent during January, on account of various constraints, includin
Read MoreFRBM PANEL LOOSENS FISCAL TARGETS
The committee to review the Fiscal Responsibility and Budget Management (FRBM) law has recommended that the Centre?s revenue deficit be no more than 3
Read More?Bad bank? to help speed up stressed-assets resolution: Fitch
The creation of a ?bad bank? will speed up resolution of stressed assets in the banking system, but it will also require significant capital infusion
Read MoreStandard Chartered India reduces loss sharply
Standard Chartered Bank?s Indian operations saw a sharp reduction in losses in 2016, mainly due to the lowering of impairment charges and other credit
Read MoreStage set for gold spot exchange
The much talked about exchange for spot trading in gold might be allowed soon after market participants found a way out in a closed-door meeting late
Read MoreAfter solar, wind tariff at record low of Rs 3.5/unit
Wind power sector witnessed history unfold on Friday for its first ever auction of projects. The winning bid received was Rs 3.46/unit by five compani
Read MoreIndia beats Russia, China to log highest steel output growth in January at 12%
All top steel-producing countries, including China and India, reported positive growth in steel production in January leading to an overall 7% spike i
Read MoreWall Street Dissenters Emerge Calling for May Fed Rate Increase
At least four of Wall Street?s biggest banks are breaking with their bulge-bracket brethren, telling clients that the Federal Reserve will probably ra
Read MoreRBS reports net loss of $8.7 billion for 2016, its ninth straight year without a profit
Royal Bank of Scotland (RBS), one of the U.K.'s "big four" banks, reported its ninth consecutive year of losses in its full-year earnings release on F
Read MoreOmaxe Q3 sales bookings up 2 per cent at Rs 282 crore
Realty firm Omaxe Ltd's sales bookings rose marginally by 2 per cent to Rs 282 crore during the third quarter of this fiscal on higher realisation des
Read MoreTorrent Power gets shareholders' nod to raise Rs 1,500 crore
Torrent Power on Friday said it has received shareholders' approval to raise up to Rs 1,500 crore through issuance of non-convertible debentures on pr
Read MoreVolvo eyes long haul transportation segment in India
Swedish commercial vehicles major Volvo is eyeing long haul transportation segment in India with GST rollout expected to spur growth of the category.
Read MoreHyundai lines up eight new cars in four years to cater to Indian demand
Korean auto major Hyundai is planning to launch eight new cars in the next four years to accelerate its growth. Of these, three will be in new segment
Read MoreHDFC Bank counter powers FPI inflows into India to $1.4 bn in 2017
Foreign portfolio investors (FPIs) have bought stocks worth $1.4 billion so far in 2017, thanks to some big purchases in the HDFC Bank counter. That?s
Read MoreIndia, ADB ink $375 million loan pact for industrial corridor
India and ADB have signed USD 375 million pact for loans and grants to develop 800-km Visakhapatnam-Chennai Industrial Corridor, which is the first ph
Read MoreIndia?s Q4 economic growth seen slowing to near three-year low: Reuters poll
India?s economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minist
Read MoreFDI inflow zooms 18% to $46 billion in 2016: DIPP
Foreign direct investment (FDI) in India grew 18 percent during 2016 to touch USD 46 billion, data released by the Department of Industrial Policy and
Read MoreEPFO to launch housing scheme for members
Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs fro
Read MoreFor retailers, Spencer?s, Chumbak, even Crossword Bookstores, clothes top home accessories, music, books
With an eye on margins amid stiff competition, retailers are slowly moving towards fashion products over home accessories, music and books. For instan
Read MoreWind power contracts: In first-ever tariff-based auction, rates plunge to historic low of Rs 3.46/unit
Renewable energy producers posing a challenge to coal-based power might have once been considered a remote possibility, but not any longer. While sola
Read MoreDaimler India eyes 100 launches this yr, to take on Tata Motors
German commercial vehicle heavy weight Daimler will make new investments while launching 100 products this year to take on competition from Tata Moto
Read MoreIndia's wind power tariffs hit new low in push for renewables
Indian wind power tariffs fell to a record low in a government-run auction on Friday, weeks after solar power rates too hit an all-time low, in one of
Read MoreJSW Group plans to make electric cars
Indian billionaire Sajjan Jindal?s steel-to-power JSW Group plans to diversify into electric car manufacturing, two sources told Reuters, as Prime Min
Read MoreInfosys goes TCS way; mulls share buyback worth $2.5 billion
After IT majors Cognizant and TCS' decision to buy back shares, software giant Infosys could be following suit, according to reports. The Economic Tim
Read MoreUncertainty looms over future of Snapdeal as founders admit to serious flaws in strategy
With planned layoffs of around 500 to 600 people over the next few days, clouds of uncertainty loom over the future of online marketplace Snapdeal, on
Read MoreWhy immigrant-shy Japan is luring foreign workers
Japan?s aging population is leading to projections of a dire shortage of labor in the world?s third-largest economy. Prime Minister Shinzo Abe has mad
Read MoreChina drains more money from market to check debt risk
China's monetary policy will be "prudent and neutral" this year which will prevent a rapid rise in debt levels, asset bubbles and keep growth on the t
Read MoreGerman budget surplus highest since 1990
Germany's budget surplus hit a post-reunification high of nearly 24bn euros (?20bn) in 2016 boosted by a higher tax take and increased employment. Thi
Read MoreIndia's Q4 economic growth seen slowing to near 3-year low
India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minist
Read MoreIndia likely to be less affected by global economic shocks:IMF
India's economy is in a "fairly good shape" and it is likely to be less affected than other emerging economies if there is a further shock to the glob
Read MoreDemonetisation sucked in cash like vacuum cleaner: IMF official
India's demonetisation led to huge cash shortages that have "adversely affected" consumption and like a "vacuum cleaner" it sucked in cash and then wa
Read MoreSBI to merge with associates from April 1
State Bank of India (SBI) will merge its five associate banks with itself from April 1, in the largest consolidation exercise in the banking history
Read MoreIron ore exports from India rebound as supply fight heats up
Iron ore shipments from Indian miners, including Vedanta Ltd. are forecast to rise by two-thirds this year following the lifting of mining bans, addin
Read MoreONGC?s board green-lights Rs. 7,327-cr capex for 5 projects
The ONGC board has approved the development of five projects with an investment of Rs. 7,327 crore.According to a press statement, the investment will
Read MorePiramal, Canadian firm Ivanho? in $250-m realty JV
Ajay Piramal-owned Piramal Enterprises Ltd has entered into a strategic partnership with Ivanho? Cambridge, a subsidiary of Canadian pension fund CDPQ
Read MoreSteel producers hope for consumption rise
Steel producers are hoping home market demand picks up soon, after a long lull. Else, with government protection measures to phase out soon, primary p
Read MoreLabour registers for firms reduced to 5 from 56
Enhancing ease of doing business, the government has reduced the number of registers to be maintained under labour laws to 5 from 56 for 58.5 million
Read MoreDemonetisation may pull down Q3 GDP growth below 6%
The note ban, enforced by the central government, might drag down growth in gross domestic product (GDP) to below six% in the third quarter of the fin
Read MoreECB chief economist warns Brexit impact could turn nasty
Britain's exit from the European Union will have a significant impact on bilateral trade, the European Central Bank's chief economist said on Thursday
Read MoreNarendra Modi govt to launch 7th tranche of sovereign gold bonds on Monday
The government will launch the seventh tranche of sovereign gold bonds on Monday, offering a 2.5% annual interest to investors. Applications for the b
Read MoreTaurus MF debt funds lose 7-12% in single session after BILT downgrade
Four debt schemes of Taurus Mutual Funds saw fall in their net asset value (NAV) by 7-12% in a single session following downgrading of the troubled Ba
Read MoreFPI holding in BSE-200 cos drops to $305 bn in Dec-qtr
Foreign portfolio investors (FPIs) pared their stake in BSE-200 firms to USD 305 billion during October-December quarter, with heavy selling in techno
Read MoreSebi revamps grievance redressal tool at bourses, depositories
The markets regulator Sebi on Thursday put in place a new set of norms to enhance the effectiveness of grievance redressal mechanism at stock exchange
Read MoreDespite RBI repo rate cut, top banks yet to slash interest rates
Going by the yields they have earned on their advances, most top bankers are yet to drop interest rates meaningfully. While the Reserve Bank of India
Read More'Acquiring Telenor will raise Bharti revenue mkt share by 2%'
Acquisition of Telenor's business will increase Bharti Airtel's revenue market share by two percentage points to 35 per cent and will add up to USD 60
Read MoreM&A deals worth $56.2 bn in 2016, says EY report
Merger and acquisition (M&A) activity scaled a six-year high in 2016, with deal value at a record high of $56.2 billion, up 87 per cent over a year be
Read MoreMobiKwik to invest Rs 300 cr to expand user base
Mobile wallet MobiKwik says it plans to invest Rs 300 crore in office expansion, technology and marketing.The company is in talks with multiple invest
Read MoreSikkim gets on board for UDAY, Rs 207-cr benefit seen
Sikkim has become the 22nd state to join UDAY -- the scheme designed to nurse debt-laden electricity distribution companies back to health -- which wi
Read MoreSensex hits 29,000, Nifty at 52-week high ahead of Feb F&O expiry
The benchmark indices on Thursday extended gains even as Asian markets slipped from their 19-month highs after minutes of US Federal Reserve's last mo
Read MoreAirtel acquires Telenor in no-cash deal
In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced acquisition of Telenor India. It?s a no-
Read MoreDigital payments boost: At Rs 1,310 cr, UPI beats wallets, RBI data shows
The value of transactions carried out through the Unified Payments Interface (UPI) channel has overtaken that through mobile wallets in February so fa
Read MoreNotification No. 13/2017 [F. No. 370142/2/2017-TPL
Publish Date : Thursday, February 23, 2017
Decade-long wait for realty developers may be nearing an end; India poised to unlock $9 bn for roads, power investing
A decade-long wait by India?s cash-hungry real estate and infrastructure developers may finally be nearing an end. Birla Sun Life Asset Management Co.
Read MoreAadhaar Pay to be launched shortly, to debut with SBI and 4 others
After Prime Minister Narendra Modi announced on December 30 that biometric based payment system Aadhaar Pay will be launched shortly and will revoluti
Read MoreIndia's MobiKwik to invest $45 million to expand user base
Indian digital payments firm MobiKwik will invest 3 billion rupees ($44.89 million) this year to expand its user base and rack up $10 billion worth of
Read MoreMicrosoft to launch Skype with Aadhaar seeding for banking
Betting big on cloud computing, Microsoft Corp will launch Skype with Aadhaar authentication to allow access to bank accounts using webcam, chief exec
Read MoreChina monetary policy to prevent asset bubbles, contain debt risks - central bank
China's monetary policy this year will contain risks posed by debt, prevent asset bubbles and keep economic growth on track, the central bank's chief
Read More7th tranche of Sovereign Gold Bonds opens on Feb 27
The government will launch the 7th tranche of Sovereign Gold Bonds on Monday under which people will be able to buy securities worth up to 500 grams o
Read MoreFederal Reserve may raise US rates 'fairly soon'
The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March.Most economists ha
Read More"Frexit" is a scenario, but probability is not high
The probability that France will quit the euro zone - dubbed as "Frexit" - is not high although it does exist as a scenario, the chief executive of le
Read MoreOriental Insurance, National Insurance and United India Insurance likely to be merged to fetch better valuations
India?s state-owned general insurance giants Oriental Insurance, National Insurance, and United India Insurance, who together have 34 per cent of the
Read MoreBEML eyes Rs.800-crore revenue from defence, aerospace verticals
BEML, a public sector firm, plans to double its revenues from the defence and aerospace verticals.?The Centre?s Make in India initiative is showing re
Read MoreChinese firm in preliminary deal to buy Chevron?s Bangladesh gas fields
China?s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the US oil major?s natural gas fields in Bangladesh that are worth abo
Read MoreInvestors are Charging into Emerging Market ETFs
U.S. President Donald Trump has supported many policies that could harm emerging market economies. But investors are betting that his bark will turn o
Read MoreMaruti to invest another Rs 1,900 cr over 2 years at Rohtak R&D centre
Maruti Suzuki, the country's largest car maker, says it aims to do all vehicle testing in-house, bringing down the reliance on its Japanese parent.It
Read MoreIMF sees growth cooling to 6% in second half of FY17
India?s economic growth would slow to about six per cent in the second half of this financial year (October-March) due to demonetisation, against 7.2
Read MoreBoJ Governor Kuroda: Chance of more rate cuts small for now
Bank of Japan Governor Haruhiko Kuroda said on Wednesday the chance the central bank will deepen negative interest rates is low for now, backing marke
Read MoreGlobal crude steel production up 7% at 136.5 MT in January
Global crude steel production was 136.5 million tonnes (MT) last month, up 7 percent over the year-ago period. It had stood at 127.6 MT in January 201
Read MoreSebi eases norms for debt MF investment in housing finance cos
Debt mutual funds can now invest up to 15 percent of their total net assets in housing finance companies with Sebi easing the regulations in this rega
Read MoreState-run insurers seek to increase PMSBY premium
A rising loss ratio in the government?s pro-poor scheme such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY) has forced general insurers to urge th
Read MoreInflation, impact of remonetisation behind MPC stand to hold repo rate
Persistently high levels of core inflation, the impact of remonetisation on economic activity and the possibility of capital outflow driven by global
Read MoreYields on CPs rise 75 bps in three months
Yields on Commercial Papers (CPs) have inched up by about 75 basis points over the last three months. The yield on a A3 paper is now a shade over 7% a
Read MoreUrban Ladder looks at ?sustainable, profitable business? after logging 3x rise in revenues at Rs 56 cr, 3x rise in losses at Rs 175 cr
Online furniture store Urban Ladder is looking at a topline growth of 60% in FY17 to reach Rs 90 crore. For the fiscal ended March 2016, the company h
Read MoreFlipkart launches ?smart fulfillment solutions? in Bengaluru, Delhi, Hyderabad, eyes quicker delivery turnaround
In an attempt to further its turnaround time in deliveries, home grown e-commerce major Flipkart is expanding the initiative of providing its in-house
Read MoreAirtel picks up stake in fintech start-up Seynse
Telecom giant Bharti Airtel Ltd has acquired a ?strategic equity stake? in financial technology (fintech) start-up Seynse Technologies Pvt. Ltd for an
Read MoreIndustries to be shut for want of effluent treatment plants: Supreme Court
Polluting industrial units across the country would be shut down if they do not have functional primary effluent treatment plants (PETPs) to stop the
Read MoreEconomy to pick up in Q4 due to faster remonetisation: Urjit Patel
Faster remonetisation and return of discretionary consumer demand will push economic activity in the latter part of the financial year, opined RBI Gov
Read MoreNarendra Modi govt clears doubling of capacity target to 40GW
The Cabinet committee on economic affairs on Wednesday approved doubling of solar power capacity in the country to 40 GW from 20 GW at present, enthus
Read MoreNarendra Modi govt set to start auction process for fresh hydrocarbon fields to boost India?s oil & gas production capacity
If all goes as planned, the government may start the auction process for fresh hydrocarbon fields by the first quarter of the next financial year, boo
Read MoreSBI Funds first to cross Rs 20,000-crore AUM in ETFs
SBI Funds Management (SBIFM) today said it has become the country's first asset manager to cross Rs 20,000 crore of AUM in exchange-traded funds (ETFs
Read MoreClarification for determination of Place of Effective Management (POEM) of a company, other than an Indian company
Publish Date : Thursday, February 23, 2017
HomeIndustry Industrial units must have effluent treatment plants: Supreme Court
The Supreme Court today passed a slew of directions to curb the release of untreated waste in water bodies and asked state pollution control boards no
Read MoreHere?s all you need to know about EPFO?s new Composite Claim Forms
With a view to make its services available to its stakeholders in an efficient and transparent manner, EPFO had introduced Universal Account Number (U
Read MoreLocal telecom gear companies to get access to Rs 6,700cr fund
Indian telecom equipment makers may finally get access to a $1 billion (Rs 6,700 crore) line of credit to promote digital connectivity between India a
Read MoreBanks eye 1 mn merchants on Bharat QR network
The next time you walk into a kirana store in a small town without electricity or landline phones, chances are that you will spot a BharatQR code plac
Read MoreLloyds profit hits 10-year high as bank approaches full recovery
Lloyds Banking Group reported its highest full-year profit in a decade on Wednesday, as the taxpayer-backed bank nears a complete recovery from its cr
Read MoreBritish economy grows 0.7 percent in final quarter of 2016
Britain's economy grew by a better-than-expected 0.7 percent in the final three months of last year, official revised data showed Wednesday as the cou
Read MoreUK economy grows faster than thought
The UK economy grew by more than previously reported in the final three months of 2016, according to the latest official estimate.Gross Domestic Produ
Read MoreThese mutual fund schemes have assets over Rs 10,000 crore each
For asset management companies, large equity AUMs are a matter of prestige. Such schemes are in the spotlight and get the attention of the top managem
Read MoreChrysCapital raises $600 million for seventh offshore fund
Home-grown private equity (PE) fund ChrysCapital Management Co. has raised over $600 million for its seventh offshore fund, the company said on Tuesda
Read MoreAgency maintains negative outlook on infrastructure sector
Rating agency India Ratings and Research (Ind-Ra) has maintained a negative outlook on the infrastructure sector for FY18. The negative outlook is als
Read MoreCentre plans to roll out direct transfer of fertiliser subsidy from June 30
Moving ahead with reforms for better targeting of subsidies and plugging leakages, the government plans to roll out direct benefit transfer for fertil
Read MoreHindalco Industries rises on plan to invest Rs 1,000 crore in downstream expansion
Hindalco Industries is currently trading at Rs. 183.45, up by 1.10 points or 0.60% from its previous closing of Rs. 182.35 on the BSE.The scrip opened
Read MoreToshiba to sell medical leasing unit to Canon
Embattled Japanese electronics maker Toshiba Corp is selling its stake in a medical equipment leasing company to Canon Inc for 3.14 billion yen ($28 m
Read MoreGovt clears foreign investments worth Rs 12,200 crore
An inter-ministerial body on Tuesday approved 15 foreign investment proposals, including those relating to Apollo Hospitals, Hindustan Aeronautics, Dr
Read MoreNew Trump deportation rules allow far more expulsions
The Department of Homeland Security on Tuesday released a set of documents translating President Donald Trump?s executive orders on immigration and bo
Read MoreSolar power in India to surpass 9 Gw in FY17
Solar installations in India are expected to surpass 9 gigawatt (Gw) in 2017, registering a 125 per cent increase in capacity from about 4 Gw in the p
Read MoreCorporate bond market may grow at 22% next fiscal: ICRA
Domestic rating agency ICRA today said corporate bond issuance is likely to grow by 20?22 per cent in the financial year 2017?18, with gross issuance
Read MoreIndian economy to reach $5 trillion by 2025: Morgan Stanley
India's millennial population is a massive disruptive force and driven by this supportive demographics along with government's policy action, Indian e
Read MoreIDBI Bank to sell stake in non-core businesses
State-owned IDBI Bank today said it proposes to dilute stake in some non-core businesses to shore up capital base. The board of the bank has approved
Read MoreJio to go pay from April 1, but keeps goodies rolling
The paid offering from Reliance Jio, announced by Reliance Industries Chairman Mukesh Ambani on Tuesday, will exert more pressure on rivals Bharti Air
Read MoreChandra to focus on shareholder value
Tata Sons Chairman N Chandrasekaran, who took charge on Tuesday, vowed to bring ?more vigour? to the group?s capital allocation policy to enhance shar
Read MoreONGC to take Rs 2,500 crore hit in Q4 due to royalty payment made to Assam government
The profits of state-run Oil and Natural Gas Corporation Ltd (ONGC) is likely to be hit in the fourth quarter of the current financial year as it will
Read MoreEuro zone growth surges to near six-year high despite upcoming French elections
Growth in euro zone business activity surged in February to its highest level in almost six years, according to the latest survey of the services and
Read MoreHSBC warns of risks to world economic growth as profit dives
London-based bank HSBC reported today that its annual profit slumped following a year it said would be remembered for "unexpected economic and politic
Read MoreOpen offers by companies up 14% to Rs 9,676 cr in 2016
Open offers made by listed companies to buy shares from public picked up nearly 14 per cent to Rs 9,676 crore in 2016, led almost entirely by issues t
Read MoreM&A and InvITs to account 12% of total infra fund requirement
Funds amounting to Rs 400 billion will be raised by the infrastructure sector through mergers and acquisitions as well as InvITs, this year, contribut
Read MoreAuto financing market to double to Rs 2.6 lakh crore by FY20: EY
The auto finance market in India has matured over time, making it one of the most developed auto finance markets in the Asian region, a report by EY h
Read MoreMarket viewed note ban positively: Finmin
The government said on Tuesday demonetisation was ?viewed positively? by the market, as deposits were expected to surge in banks, and led to bullish s
Read MoreShare of debt, CPs in overall borrowings rises to 27% in 5 yrs
The share of bonds and commercial paper (CP) in overall borrowings has increased from 19% in March 2011 to 27% as on December, 2016, indicating increa
Read MorePrivate equity, venture capital investments down 6.3% in January: EY
Private equity and venture capital investments in India touched $1.2 billion ( Rs 8,037 crore approximately) in January across 43 transactions, down 6
Read MoreFIPB clears 15 FDI proposals worth Rs12,000 crore, defers 6
Inter-ministerial body, foreign investment promotion board (FIPB) on Tuesday approved 15 investment proposals, including that of Apollo Hospitals, Hin
Read MoreNarendra Modi?s e-Nam scheme to empower farmers takes off in BJP ruled Haryana, Gujarat, other states lagging
The use of the e-platform of the National Agriculture Market (e-NAM) by farmers has picked up in Haryana and Gujarat while other states are still to c
Read MoreChinese Banks' Off-Book Wealth Products Exceed $3.8 Trillion
Chinese banks had more than 26 trillion yuan ($3.8 trillion) of wealth-management products held off their balance sheets at the end of December, a 30
Read MoreEU welcomes Pence assurance of Trump's support
U.S. Vice President Mike Pence assured the European Union in Brussels on Monday that the Trump administration will develop their cooperation in trade
Read MoreChina to run 1,000 cargo trains to Europe in 2017
China will run nearly 1,000 cargo trains to Europe in 2017, more than double the number from last year, as the Communist trading giant ramps up effort
Read MoreSpeculation causes cotton prices in India to drop by Rs 500/ quintal despite global rates remaining steady
After a brisk run at the top, domestic cotton prices have dropped by nearly R500 per quintal to trade to around R5,400-5,500 a quintal from R6,000 aro
Read MoreGive India rubber a booster shot, manufacturers to Narendra Modi govt
Rubber manufacturing companies have called for a review of the government?s existing policy for the sector by giving thrust on indigenous production.
Read MoreIndia looks to expand energy ties with Myanmar
India plans to sell refined crude oil products to Myanmar as part of New Delhi's efforts to deepen ties with its eastern neighbour, which is expected
Read MoreIndia's wheat imports to slow after March on fumigation rule change
India's wheat imports from Russia, France and Ukraine could come to a halt after March, as New Delhi has asked exporters to fumigate their cargoes wi
Read MoreIrdai to form actuary panels for life, general insurers
General and life insurance companies will be able to engage actuaries as the regulator Irdai will soon form panel of such analysts.The Insurance Regul
Read MoreCredit Suisse lowers earnings estimates for corporate lenders
Credit Suisse has cut its earnings estimates for corporate lenders by 5-10% owing to an upward revision of corporate impairment & provisioning estimat
Read MoreRBI forex intervention makes firms blind to rupee risks
The Reserve Bank of India?s commitment to a stable rupee is having an unintended consequence: local companies are getting complacent about hedging the
Read MoreGovt invites i-bankers to help manage share sale in IRCTC, IRCON, IRFC
The finance ministry on Monday invited proposals from investment bankers to help the government sell shares in three railway enterprises.The three com
Read MoreFrom Amazon, Flipkart to Snapdeal, 49 e-commerce firms log over Rs 16,000 cr in losses; Jabong, OLX buck trend
Balance sheets of India?s e-commerce firms have red ink splattered all over them and it doesn?t look like the bleeding will stop anytime soon, reports
Read MoreWhat?s the real GST?
In the long run-up to introducing GST, the Government was so focused on State governments and negotiating their claims for compensation that it appear
Read MoreE-commerce major Flipkart ties up with Microsoft on cloud to build business on land
Flipkart has partnered with Microsoft to use the Windows Azure technology platform to scale up its e-commerce business.Flipkart will use Microsoft?s p
Read MoreSebi eases norms for MF investments in derivatives
Existing mutual fund schemes will not require approval of a majority of unit holders to invest in derivatives segment provided the investors are given
Read MoreExchanges beef up vigil against unusual price movements
Amid growing instances of media reports triggering wild swings in stock prices, stock exchanges have raised their watch on this.In 2016, the two major
Read MoreIDBI privatisation back on govt agenda
Strategic sale of government stake in IDBI Bank is back in consideration, likely with a different strategy to divest to under 50 per cent. ?Stake sale
Read MorePetronas considers $1 bln stake sale in offshore gas project
Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion a
Read MoreRussia overtakes Saudi Arabia as world's top crude producer
Russia has once again taken the crown from Saudi Arabia as the world?s biggest oil producer. The two countries are global leaders in crude production
Read MoreKraft Heinz Withdraws $143 Billion Unilever Acquisition Bid
The $143 billion proposed acquisition of Unilever by Kraft Heinz, has met with an abrupt end with the latter pulling out on the deal.The Warren Buffet
Read MoreIndia must take GST lessons from other nations: CFO
Before the Goods and Services Tax (GST) reform is rolled out, India should take cautious lessons from other nations which have also introduced similar
Read MoreGDP growth to slow down to 6.5% in Q3: Icra
Economic growth is likely to have slowed down to 6.5 per cent in the third quarter (Q3) of 2016-17, down from 7.2 per cent in the third quarter of 201
Read MoreUP sugar mills owe Rs 5,795 cr to cane farmers despite lucrative prices
Sugarcane payment arrears to farmers in Uttar Pradesh stood at Rs 5,795 crore till last Friday, despite lucrative sugar prices this time, indicating t
Read MoreTrains to remote areas will soon gain steam
As progress in laying new railway lines in hilly, remoter and hitherto unconnected habitations gets more focus, the central government is mulling a se
Read MoreRBI monitoring payments zone: Dy Governor R Gandhi
A top Indian central bank official rejected a federal planner?s proposal of easier norms for handphone companies creating mobile payment businesses, t
Read MoreGovernment to play active role in making India a global semiconductor hub
The ministry of electronics and information technology (Meity) is revising its policy framework towards making India a global semiconductor hub, which
Read MoreSC directs Unitech to pay 14% interest to Vistas home buyers
The Supreme Court has directed realty developer Unitech to pay interest at the rate of 14 per cent per year on the investments made by 39 home buyers
Read MoreAre Reliance Jio free data plans compliant with TCPR: TDSAT asks Trai
The Telecom Disputes and Settlement Appellate Tribunal (TDSAT) on Monday directed the Telecom Regulatory Authority of India (Trai) to clarify whether
Read MoreBandhan Bank Won?t Lend to Corporates
Bandhan Bank, a Kolkata-based full-fledged bank that started as a microfinance company, plans to stay away from corporate lending and instead focus on
Read MoreExpect a visit from taxman if you've ignored I-T dept's email
Income Tax officials could soon be at your doorstep if you have deposited a huge amount during the note-swapping exercise last year, and have not yet
Read MoreCan you send and receive money without a bank account? Aadhaar will make that possible
Your 12-digit Aadhaar number could soon become your single-point payment address. With the upcoming payments bank by IndiaPost, over 112 crore Indians
Read MoreBritannia signs MoU with Greece?s Chipita for joint venture in India
Eight years after India's biggest cookies maker lost its taste for partnerships in foods, Britannia IndustriesBSE -0.61 % invited Greek baker Chipita
Read MoreFormer GE Capital duo Pramod Bhasin and Anil Chawla may buy majority in Religare Finvest
Former GE CapitalBSE 0.18 % duo Pramod Bhasin and Anil Chawla are in talks to buy a majority stake in Religare Finvest, a non-banking finance company
Read MoreShaken PSB bosses take NPA probe worries to FM Arun Jaitley, seek assurance there won?t be witch-hun
Heads of top ten state-run banks met finance minister Arun Jaitley on Monday to raise concerns over aggressive investigation into non-performing loans
Read MoreBirlas in Talks to Sell Fertiliser Co to Indorama
After initiating the Rs 60,000-crore mega merger bet` ween Grasim and Aditya Birla Nuvo and a potential alliance between Idea Cellular and Vodafone to
Read MoreTCS Board OKs Rs 16kcr Share Buyback
Tata Consultancy Services announced a Rs 16,000-crore ($2.39-billion) share buyback, sparking a 4% surge in the stock price and intensifying pressure
Read MoreNotification No. 10/2017
[Notification No.10/2017 F. No. 500/14/2004-FTD-II]
Read MoreNotification No.RBI/2016-17/233
Issuance of Rupee denominated bonds overseas ? Multilateral and Regional Financial Institutions as Investors
Read MoreNotification No.RBI/2016-17/232
Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
Read MoreNotification No.RBI/2016-17/231
Inclusion of ?Capital Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2016-17/230
Inclusion of ?Equitas Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934
Read MoreNotification No.RBI/2016-17/229
Repayment of Gold Loan
Read MoreNotification No.RBI/2016-17/228
Reimbursement of Merchant Discount Rate
Read MoreNotification No.11/2017 [F. No. 203/06/2016/ITA-II
Publish Date : Friday, February 17, 2017
Notification 12/2017 [F.No. 225/120/2016-ITA.II]
Publish Date : Tuesday, February 21, 2017
Sovereign funds pulled $38 billion from global markets in 2016
Sovereign wealth funds pulled $37.8 billion from global stock and bond markets in 2016, data from research firm eVestment showed on Monday, although f
Read MoreTata Steel explores Myanmar, Bangladesh retail
Boosted with success of its solution business in the retail segment in the domestic market, steel major Tata Steel is now exploring possibility of ent
Read MoreSouth Africa?s political woes couldn?t come at a worse time for its troubled economy, analysts say
South Africa, once a standout emerging market economy, is caught in the middle of a political hurricane that's adding impetus to a downward economic s
Read MoreAlibaba forms partnership with supermarket operator Bailian Group
Chinese tech giant Alibaba Group Holdings Ltd has formed a strategic partnership with supermarket operator Bailian Group, extending its push into bric
Read MoreDonald Trump steps up security aide search, focuses on health care
President Donald Trump brought more contenders for national security adviser to his Palm Beach club for in-person interviews, hoping to fill the job i
Read MoreBRICS to promote inclusive, balanced economic globalisation: China
China has said this year's BRICS summit will promote more inclusive and balanced economic globalisation. Chinese Foreign Minister Wang Yi yesterday sa
Read MoreGST Council clears compensation Bill
The goods and services tax (GST) Council on Saturday formally approved a Bill for compensating the state governments for any revenue loss they might h
Read MoreOnline PF withdrawal facility to begin from May making the process easier
The Employees' Provident Fund Organisation or EPFO is planning to launch an online facility for the withdrawal of provident fund (PF) money and pensio
Read MoreNow, withdraw Rs 50,000 a week from your savings account
The Reserve Bank of India (RBI) on February 8 had announced its decision to enhance the withdrawal limit on saving accounts from February 20.Keeping u
Read MoreEU asks India to extend by 6 months trade pact with EU nations
The European Union today pressed India to extend by six months its bilateral investment pacts with several EU-member countries which are expiring soon
Read MoreDirect Benefit Transfer leads to Rs 50,000-crore savings for government in 3 years
Savings due to Direct Benefit Transfer (DBT) over the last three years have touched Rs 50,000 cr as on December 31, 2016, as per latest government fig
Read MoreSpice Digital & MoMagic launch app analytics platform AdGyde
Spice Digital has tied up with mobile app marketing firm MoMagic Technologies to launch a mobile advertising analytics platform called ?AdGyde?, repor
Read MoreWind power installations may cross 5,000 MW this year
Sarvesh Kumark, Chairman of Indian Wind Turbine Manufacturers? Association, is confident that wind power installations in India will cross the 5,000-M
Read MoreMax Fashion aims 5,000 cr turnover in 4 years
Fashion brand Max, part of Dubai-based USD 9 billion Landmark Group, is looking to double its turnover to Rs 5,000 crore in the next four years by exp
Read MoreSupply surplus may dent aluminium
A good case is developing for being selectively bullish on base metals but aluminium is not one of them. That should just about sum up what?s in store
Read MoreNatural gas price in India likely to be hiked by 8 per cent by April
Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including US Henry Hub
Read MoreRedeeming MFs is as important as investing
Disinvesting is the most important part of your investment. That sounds illogical but isn't, even if you are not the government. Think about it. The g
Read MoreFPIs Buy Indian Debt in Hope of More Rate Cuts
Indian companies may have interpreted the central bank?s altered stance on financing to predict an end to the two-year cycle of easing rates, but fres
Read MoreIndian IoT market value to touch $9 bn by 2020
The number of units under Internet of Things (IoT) is expected to grow exponentially to 1.9 billion units in India by 2020 or about USD 9 billion, say
Read MoreVedanta to invest $10 billion on expanding business
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal
Read MoreMongolia agrees $5.5 bn economic bailout plan with IMF, others
Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statemen
Read MoreSteel production likely to remain higher in 2017-18
The country's steel production and consumption is likely to remain higher in 2017-18 from 89.79 MT of crude steel during 2015-16 backed by an increase
Read MoreMF industry bets big on SIP to hit Rs 20-trillion AUM mark
Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under managem
Read MoreBuying jewellery over Rs2 lkh cash to attract 1% TCS from Apr1
Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current
Read MoreDLF to invest Rs3,500 crore in 2017 to complete running projects
India?s largest realty firm DLF Ltd will invest about Rs3,500 crore this year to complete construction of almost all of its existing housing projects,
Read MoreHavells to buy Lloyd Consumer for Rs 1,600 crore
Havells India Limited, India?s leading electrical appliances and components company, on Sunday announced its board has approved the acquisition of Llo
Read MoreIndia Inc Q3 results season: With topline growth muted, corporates reluctant to expand businesses
Recovery continues to elude India Inc which turned in a mediocre show for the three months to December 2016. The damage from demonetisation apart, com
Read MorePaytm to invest Rs 600 crore to expand network
Online mobile wallet Paytm will invest Rs 600 crore to set up QR code-based payment solution across the country.QR codes are machine-readable codes co
Read MoreAmazon plans to bring audio books service to India
Amazon, the world?s largest online retailer, wants to bring Audible, its audio books streaming service, to India. For that it has been talking to the
Read MoreFresh transfer pricing trouble for MNCs
A new provision for secondary adjustment in transfer pricing, announced in the Union Budget for 2017-18, is likely to affect the cash flow of multinat
Read MoreProtocol amending the convention and the protocol between the Republic of India and the State of Israel for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income and on capital signed on 29th January, 1996
Publish Date : Tuesday, February 14, 2017
Haryana sets ball rolling for integrated aviation hub
To scale up aviation infrastructure and develop existing civilian airfields, the Haryana government has invited global expression of interest for deve
Read MoreAnand Rathi Wealth Management acquires Religare?s Wealth Management Business
Anand Rathi Wealth Management has acquired Religare?s Wealth Management Business. Anand Rathi Wealth Management AUM is currently at Rs 10,000 crore, a
Read MoreDomestic steel demand may grow up to 5% in FY?18: JSW Steel
The domestic steel demand is expected to grow 4.5 to 5 per cent in the next fiscal, buoyed by increased spending on infra projects by the government,
Read MoreDonald Trump and automation: Double whammy for India's IT industry
Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take
Read MoreSundaram Finance to demerge non-financial services biz into separate subsidiary
In a major restructuring aimed at ring-fencing regulated financial services assets of the group, the board of directors of Sundaram Finance (SFL), par
Read MorePET recycling is R3,500-crore industry now
Organised PET recycling has grown to become a R3,500-crore industry, and is expected to keep growing. The country has around 41 manufacturing units sp
Read MoreTata Steel looking at Myanmar, Bangladesh B2C markets
Tata Steel is looking at building a distribution network and its brands in the Business to Consumer (B2C) markets in Bangladesh and Myanmar, a company
Read MoreSnapchat plans to unveil Android smartphone
Photo-sharing mobile service Snapchat is reportedly planning to launch an Android smartphone that will give consumers more control over the camera fea
Read MoreReliance Jio free services resulted in 20% revenue loss to telecom industry
Indian telecom industry lost an estimated fifth of its revenue due to the disruptive free services offered by Mukesh Ambani-led Reliance Jio Infocomm,
Read MoreHavells likely to buy Lloyd Electric's consumer business for Rs 1500 crore, to get toehold in room AC segment
Havells India is in advance negotiations with Lloyd ElectricBSE 1.06 % and Engineering Limited to acquire its consumer durables business for around Rs
Read MoreATC sets tenancy condition to Idea tower deal
American Tower Corp is open to buying Idea Cellular?s captive towers on the condition that India?s third-largest telco guarantees a continuation of th
Read MoreUnilever remains cool to Kraft Heinz takeover bid despite rally
As the clock ticks toward a takeover deadline, Kraft Heinz Co faces an uphill battle getting Unilever to negotiate. Publicly, the company has decried
Read MoreDisinvestment revenue on mind, Narendra Modi govt lays out deadline for PSU listing
Having planned a 60% jump in disinvestment revenue in 2017-18, the government has now set itself stiff time-bound targets for listing of central PSUs.
Read MoreGST Council meeting: Draft Compensation Bill approved, to be presented in next Parliament session
Amid speculations over the finalization of the model GST law, the Goods and Service tax council, headed by Finance Minister Arun Jaitley, has today ap
Read MoreThere is more room for lending rate cuts: HDFC Bank CEO Aditya Puri
Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going f
Read More100 days after note ban: E-payments off peak
With currency supply easing 100 days after demonetisation, some customers are returning to cash even as digital transactions begin to drop off from pe
Read MoreNote ban deposits: No reply to I-T query could invite a notice from the dept
The I-T department is "verifying" over Rs 4.5 lakh crore of suspicious deposits made by 18 lakh people post note ban and will send 'non-statutory' let
Read More50 CPSEs headed for listing, government to also cut stake in listed firms to 75%
As many as 50 state-run companies could be listed on the stock exchanges soon with the government putting out rules and guidelines for biggest ever pl
Read MoreNotes ban to have positive impact on economy
The government's demonetisation move has led to widespread adoption of online payment and is expected to have a positive long term impact on the econo
Read MoreJharkhand attracts over Rs 3.1 lakh crore worth of investment
Jharkhand attracted over Rs 3.1 lakh crore worth of investment at the end of the state's maiden global investment summit, 'Momentum Jharkhand' on Frid
Read MoreNotification No.RBI/2016-17/227
Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
Read MoreCircular No. 204/1/2017-ST
Applicability of service tax on the services by way of transportation of goods by a vessel from a place outside India to the customs station in India
Read MoreCircular No.04/2017-Customs
Expansion of 24x7 Customs clearance and clarification of levy of MOT charges in CFSs attached to 24x7 ports
Read MoreNotification No. 07/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on Seamless tubes, pipes and hollow profiles of iron, alloy or non-alloysteel (other than cast iron and sta
Read MoreNotification No.12/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 17th February, 2017
Read MoreNotification No.11/2017 Customs (N.T.)
Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreFIIs Make Big Deposit in HDFC Bank
Foreign investors made the biggest single-day purchase of shares in nearly two years on Friday, helping private sector lender HDFC Bank rise to a reco
Read MoreWith $36 billion in nine months, FDI may deliver a record
Overseas investment in India is likely to surge to a record in the year ending March despite temporary growth hiccups ascribed to the currency swap pr
Read MoreAequs setting up Rs 500 cr aerospace facility in Goa
Leading aerospace precision engineering firm Aequs would invest Rs 500 crore to set up a dedicated manufacturing facility at Tuem in Goa for the India
Read MoreEuro zone investment inflows surge in December - ECB
Investment flows into the euro zone surged in December while the 19-country bloc's adjusted current account surplus narrowed slightly, the European Ce
Read MoreU.K. Retail Sales Unexpectedly Decline as Inflation Bites
U.K. retail sales unexpectedly fell for a third month in January, suggesting consumers are starting to feel the squeeze from accelerating inflation.Th
Read MoreIndia's naphtha exports to decline on rising local demand
India's 2017 naphtha exports are expected to fall, after the volumes rose for the first time in five years in 2016, and this would prove untimely for
Read MoreSebi to allow mutual funds in commodity derivatives in a month
The Securities and Exchange Board of India (Sebi) has said that it would allow mutual funds (MFs) in commodity derivatives in a month. Responding to a
Read MoreStates' gross market borrowing likely Rs 4.5 trn in FY18: ICRA
The gross market borrowing of the state governments is likely to rise from Rs 3.7 trillion in 2016-17 to Rs 4.5 trillion in 2017-18 which would exert
Read MoreForex reserves down $360.9 mn to $362.78 bn due to the decline in FCAs
India's foreign exchange reserves dropped by $360.9 million to $362.785 billion in the week to February 10 due to the decline in foreign currency asse
Read MoreMahindra Electric to up production capacity
Mahindra Electric, an arm of Mahindra & Mahindra, is looking at cab operators and e-commerce companies that thrive on logistics support in its bid to
Read MoreJK Organisation announces foray into domestic drone market
Diversified group JK Organisation today announced its foray into India's drone market in partnership with Canadian firm MicroPilot.The USD 4 billion g
Read MoreEconomic growth will see 'V' shape recovery: Patel
Reserve Bank Governor Urjit Patel today said India's economic growth will make a "sharp V" recovery following the recall of old 500 and 1,000 rupee no
Read MoreUAE Based payment solution provider OMA Emirates announces Indian operations
Leading United Arab Emirates based payment solutions provider OMA Emirates announced its strategic entry in India on Friday. The company currently has
Read MorePE investments in realty at 9-year high in 2016: Cushman & Wakefield
Private equity investments in Indian real estate in 2016 touched their highest level in nine years at $5.97 billion or Rs 39,900 crore, registering a
Read MoreWhat would rolling back U.S. sanctions mean for Russia?
Now, President Trump has suggested that he would be willing to roll back the punitive measures in exchange for Moscow's cooperation on other issues.Th
Read MoreAsia?s exports rebound
IT IS easy to be downcast about the state of global trade. It has faced stiff headwinds in recent years: in 2016, for the first time in 15 years, it g
Read MoreRetail sales fall unexpectedly in January
Retail sales slipped back unexpectedly in January, following on from December's dip.Official figures, from the Office for National Statistics (ONS), s
Read MoreWage payment via cheques or e-mode, Prez gives nod to law
The central and state governments can now specify industrial units and other establishments to pay wages either through cheques or by electronically t
Read MoreMarket borrowings of state governments to rise 22% in FY2018: ICRA
The gross market borrowings of the state governments is expected to rise 22% in the next financial year due to higher repayments and exclusion from NS
Read MoreWest Bengal government brings additional three lakh acre agricultural land under irrigation programme
West Bengal government has brought in an additional three lakh acre of agricultural land under its irrigation programme with the objective of helping
Read MoreONGC plans Rs 29,000 crore capex for next fiscal
Oil and Natural Gas Corp (ONGC) aims to spend Rs 29,000 crore in FY2017-18, similar to the capex planned for the current fiscal year, to mostly develo
Read MoreIndian handset makers can join Chinese companies to stay afloat
Most Indian handset makers, faced with survival challenges, have few options to get back into the reckoning. Industry experts said one way could be to
Read MoreRegional rural banks can offer gold loans up to Rs 2 lakh
Reserve Bank of India has raised the ceiling of gold loans given by regional rural banks (RRB) to Rs 2 lakh from Rs 1 lakh, expanding the access to cr
Read MoreRBI to reimburse banks MDR charges effective January 1
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the gover
Read MoreNCL gets green nod for Rs 741 cr mine expansion in UP
Northern Coalfields Ltd (NCL) has received green clearance for the Rs 741.62 crore coal mining expansion project in Sonebhadra district in Uttar Prade
Read MoreEquity MF cash levels at multi-year high
The cash pile of equity mutual funds (MFs) has climbed to multi-year highs, amid sharp investor inflows since October. Steep volatility in the markets
Read MoreIndian fashion chains expand amid online retail growth
Indian fashion chains are betting big on the consumption story here as American chains shut stores, amid competition from online retailers. Macy?s, th
Read MoreSun setting on states' solar projects
Solar tariffs touched a historic low last week but the celebrations are unlikely to last, as upcoming projects face a bleak future. After the bidding
Read MoreBOJ's Kuroda warns low rates may sow seeds of new financial crisis
Bank of Japan Governor Haruhiko Kuroda said low profitability at financial institutions could sow the seeds of a new financial crisis, offering his st
Read MorePC leader Lenovo's profit hit by smartphone boom
Beijing-based Lenovo announced on Thursday that its net profit had fallen by 67 percent year-on-year in the third quarter, when it had earned a meager
Read MoreOPEC could extend or deepen supply cut if oil glut persists
OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a tar
Read MoreData boosts world stock index to new high; dollar falls
A gauge of major world equity markets inched higher to a record for a second straight day on Thursday, lifted by a round of global data, while a drop
Read MoreIcra revises growth outlook for NBFCs to 17-19 pc
Domestic rating agency Icra today revised the portfolio growth outlook for non-banking financial companies (NBFCs) to 17-19 per cent for 2016-17 from
Read MoreIndia, Indonesia top destinations for Chinese investors seeking high yields
Chinese investors are broadening their horizons as the country?s high-yield issuers lose some of their appeal.India and Indonesia are getting much of
Read MoreSify to expand in Europe
The Nasdaq-listed, Chennai-headquartered IT firm Sify Technologies (Sify) is expanding its footprint into Europe and has appointed Mark Ryder as manag
Read MoreAnil Ambani led Reliance Infrastructure arm Reliance Aerostructure forms JV with Dassault; set to create 700 high-skilled jobs
The Reliance Infrastructure (RInfra)-promoted Reliance Aerostructure?s (RAL?s) joint venture with Dassault Aviation ? Dassault Reliance Aerospace (DRA
Read MoreTata Motors ties up with Microsoft for next gen car tech
Tata Motors has entered into an exclusive agreement with Microsoft India to provide a high-tech driving experience using the internet of things and ad
Read MoreIndia's GDP to expand post demonetisation: Arjun Ram Meghwal
Demonetisation of old high value currency and the government's push towards digital economy will definitely expand India's GDP, Minister of State for
Read MoreJharkhand Global Investor Summit: Jindal Steel to Adani Enterprises, India Inc commits Rs 55,000 cr investments
Captains of India Inc on Thursday committed fresh investments to the tune of R55,000 crore in mineral-rich Jharkhand at the state?s maiden Global Inve
Read MoreMutual funds can now invest in REITs, InvITs: Sebi
To make real estate and infrastructure investment trusts more attractive for investors, regulator Sebi has notified norms allowing mutual funds to inv
Read MoreAir India revenue taxies, but earnings soar 60% to Rs 3,412 cr
Despite an increase in passenger revenues of just 2.85% year-on-year, Air India has reported a jump of 60% y-o-y rise in EBITDAR (earnings before inte
Read MoreEU parliament backs free trade deal with Canada
The European Parliament has approved a landmark free trade deal with Canada. EU lawmakers backed the Comprehensive Economic and Trade Agreement (Ceta)
Read MoreIndia knocking at rare club of fast, steady growth economies says Edelweiss
Indian economy is becoming more efficient through five broad themes ? fast and steady rate of growth, market reforms, expanding digital footprint, rev
Read MoreFuel pushes wholesale inflation to 2.5-year high
Costlier fuel and an adverse base effect pushed wholesale inflation to a two-and-a-half year high in January, even as price rise in food items remaine
Read MoreDIPAM readies blueprint for FY18 divestment
As the government looks to list General Insurance Companies and Rail PSUs, the divestment department is readying a strategy to meet the mammoth stake
Read MoreAmazon Seeks to Set Up Shop in India?s Food Bazar
India could be the second country to see Amazon brick-and-mortar stores, with the Seattle-based company having sought the government?s approval to ope
Read MoreBanks need Rs 91,000 cr capital to sustain 8-9% growth: Ind-Ra
Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a rep
Read MoreWPI inflation to rise in next 3 months: Nomura
WPI inflation is expected to rise in the next three months and is likely to average around 4.4 per cent in 2017, much higher than 2 per cent in 2016,
Read MoreIt's boom time again for America's largest banks
Shares in America?s banks are booming again, with Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Bank of America Corp. hitting fresh trading mi
Read MoreDLF profit down 46% in December quarter
Demonetisation played spoilsport for realty major DLF, reporting a 46 per cent fall in profit to Rs 98 crore and a 30 per cent dip in net sales to Rs
Read MoreNasscom defers infotech growth forecast for FY18
Nasscom has unexpectedly postponed issuing a growth projection for 2017-18, a first in 25 years, in the wake of uncertainty due to regulatory changes
Read MoreCabinet approves SBI merger with five associate banks
The cabinet on Wednesday approved the proposed merger of State Bank of India (SBI) and five subsidiaries?a combination that will create the first Indi
Read MoreXiaomi set for its 'new innings' in India
Chinese mobile handset manufacturer Xiaomi is likely to soon procure licence to operate its own branded outlets in India, as part of its effort to inc
Read MorePE inflows in realty touches 9-year high at Rs 39,900 crore in 2016
Private equity investments in real estate (PERE) increased by 26 per cent during 2016 and touched a nine-year high of nearly Rs 40,000 crore, accordin
Read MoreSoftBank to acquire Fortress Investment Group for $3.3bn
SoftBank?s billionaire founder Masayoshi Son, who has boasted of creating the ?Berkshire Hathaway of tech?, has thrown himself into the world of priva
Read MoreUS consumer prices post largest gain in nearly 4 years
US consumer prices recorded their biggest increase in nearly four years in January as households paid more for gasoline and other goods, suggesting in
Read MoreU.S. Industrial Output Slips in January Due to Warm Weather
U.S. industrial production fell in January because unseasonably warm temperatures cooled demand for utilities, but underlying figures show modest prog
Read MoreEU-US trade drops for first time since 2013 amid wider slowdown
Trade between the European Union and the United States fell last year for the first time since 2013, estimates of the EU statistics agency showed on W
Read MoreOil slips further below $56, US inventory report awaited
Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in U.S. crude inventories signaled ample supply, even a
Read MoreInsurance reach may cross 4% by FY17-end: Assocham
The Associated Chamber of Commerce and Industry of India (Assocham), in the latest paper, has revealed that insurance penetration in India is likely t
Read MorePost-demonetisation point of sale transactions value falls, UPI growth slows too
The value of transactions made through the Unified Payments Interface (UPI) and Unstructured Supplementary Service Data (USSD) channels continued to r
Read MoreNon-food credit growth ebbs to two-decade low of 4.76%
The growth in non-food credit slowed to an at least two-decade low of 4.76% year-on-year (y-o-y) during the fortnight ended February 3, according to d
Read MoreRBI signs info exchange pact with Bank of Zambia
The Reserve Bank has inked an information exchange pact with Bank of Zambia aimed at forging greater cooperation. "The Reserve Bank signed a memorandu
Read MoreGovt said to cut bank capital infusion for this fiscal because of slow loan growth
India may cut the amount of capital it plans to inject into state-controlled lenders this fiscal year by as much as Rs7,800 crore($1.2 billion) becau
Read MoreCMI Limited, the leading specialty cables company, announces its Q3 results
CMI Limited, the leading specialty cables manufacturer, announced its unaudited financial results for the quarter ended 31st of December 2016.The reve
Read MoreIn a first, South Korean defence firm Hanwha Systems enters India; offers avionics, military applications
For the first time ever, a South Korean defence major, Hanwha Systems, is entering the Indian market after entering a collaboration with Samtel Avioni
Read MoreNestle India Q4 net profit down 8.6% to Rs 167.31 crore
FMCG major Nestle India on Wednesday reported a decline of 8.66% in its standalone net profit to Rs167.31 crore for the fourth quarter ended on 31 Dec
Read MorePiramal Fund Management sanctions Rs 2,000 crore flexi lease rental discounting deals
Piramal Fund Management (PFM), the financial services division of Piramal Enterprises, has sanctioned investments worth around Rs 2,000 crore within t
Read MoreHAL to go public in 2017-18, offload 10% shareholding; to make capex of Rs 17,500 cr over 5 years
Public sector defence behemoth Hindustan Aeronautics (HAL) is planning to divest 10% of its shareholding and go public with an initial public offering
Read MoreExports up 4.32% in January, imports grow faster at 10.7%
India?s merchandise exports grew 4.32% to $22.11 billion in January on the back of raw material shipments, including petroleum products and iron ore.
Read MoreE-commerce expected to touch $50-55 bn by 2021
The e-commerce market is expected to be at $50-55 billion by 2021 from the current $6-8 billion, according to a recent report.The report by the Retail
Read MoreUK wage growth outpaces inflation
Wages grew 2.6% in the three months to December, faster than the rate of inflation, figures show.However, the rate of wage growth slowed down, leading
Read MoreIndia knocking at rare club of fast, steady growth economies
Indian economy is becoming more efficient through five broad themes -- fast and steady rate of growth, market reforms, expanding digital footprint, re
Read MoreIndia, UAE trade to hit $100 billion by 2020: CII
Trade between India and the UAE is set to hit USD 100 billion by 2020, up from the current USD 60 billion, the Confederation of Indian Industry has sa
Read MoreSebi changes priority regulation
Faced with legal difficulties in allowing options trading in commodities, the Securities and Exchange Board of India (Sebi) has decided to let in new
Read MorePatanjali to invest Rs 5,000 crore in four units to boost production
After bombarding the domestic market with a slew of product launches during the past two years, televangelist Ramdev?s Patanjali is padding up for ano
Read MoreSun Pharma Q3 net profit slips 4.7% YoY to Rs 1,471.82 crore
The impact of a slowdown in its US business is beginning to show on the performance of India?s largest drug maker Sun Pharmaceutical Industries, with
Read MoreWal-Mart to tear down walls between store, online buying operations
Wal-Mart Stores Inc (WMT.N) for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, so
Read MoreInflation picks up to multi-year highs in China as central bank eyes tighter policy
China's producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a
Read MoreGerman economy rebounds in final quarter of 2016
The German economy grew by 0.4% in the final quarter of 2016, data showed, as increased state spending, higher private consumption and construction in
Read MoreOil pulls back in post-settlement trade as U.S. stockpiles rise
Oil prices pared gains after the settlement Tuesday, as evidence of surging U.S. crude oil stockpiles underscored concerns that shale production might
Read MoreBank of Baroda sees growth in bad loans slowing
Bank of Baroda Ltd, India's second-biggest state-controlled lender by assets, expects the rate of growth in bad loans to slow in the coming financial
Read MoreFed on course to raise interest rates at an upcoming meeting: Janet Yellen
The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged cons
Read MoreIrda seeks to amend 16-year old actuary regulations
Insurance regulator Irda has proposed changes in the 16-year old regulations regarding Appointed Actuaries by modifying framework for their appointmen
Read MoreBanks? investments in SLR securities slip in January
Banks? investments in securities that qualify under the Reserve Bank of India?s (RBI) statutory liquidity ratio (SLR) window dropped from the previous
Read MoreRural Electrification Corporation Q3 profit rises 28% YoY to Rs 1,754 cr
Rural Electrification Corporation reported a 28% on year rise in net profit to R1,754 crore for the quarter ended December led by stable margins and l
Read MoreModern retail may touch Rs 1,71,800 crore by 2019
Modern retail in India which amounts to Rs 87,100 crore at present, in the top six retail markets of the country, is expected to touch Rs 171,800 cror
Read MoreMTNL Q3 net loss at Rs 819.96 cr surpasses total revenue
State-run telecom firm MTNL today reported widening of its standalone net loss at Rs 819.96 crore, surpassing its total revenue, during the three-mont
Read MorePetronet buys 26% stake in LNG vessel firm for Rs 100 cr
State-run natural gas importer Petronet LNG Ltd (PLL) on Tuesday said it has purchased 26 per cent stake in the shipping consortium that has built the
Read MoreLabour Min, FinMin agree on 8.65% EPF interest: Dattatreya
Labour Minister Bandaru Dattatreya said 8.65 percent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and t
Read MoreWPI inflation scales 30-month high in Jan
Wholesale price inflation scaled a 30-month high of 5.25% in January, thanks primarily to a favourable base effect and as elevated core and fuel infla
Read MoreJapan's JERA enters India, picks up 10% stake in ReNew Power Ventures
ReNew Power Ventures has raised $200 million from JERA Co, Inc (JERA), a Japanese power company in lieu of a 10 per cent stake. This puts the valuatio
Read MoreAfter PayPal deal falls through, Snapdeal looks to sell Freecharge to Paytm, PayU for $500 mn
Jasper Infotech, the parent company of e-commerce platform Snapdeal, is is in talks with two wallet firms ? Paytm and PayU ? as it looks to sell its p
Read MoreAluminium, copper at 21-month peak as Chinese smelters shut down
Aluminium touched its highest in 21 months on Tuesday on renewed concerns about potential closures of Chinese smelters to cut pollution, while copper
Read MoreEyeing returns, FIIs go on shopping spree post-Budget
After being net sellers for the whole of 2016 and the early part of this year, foreign institutional investors are back in buying mode since the Union
Read MoreRBI wants banks to create common pool of forensic audit firms
The Reserve Bank of India wants banks to create a common pool of forensic audit firms so that they can pick one of them quickly whenever a high-value
Read MoreInternet of Things to grow rapidly in India by 2020
Internet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted on Monday, adding
Read MoreTata Motors Q3 net profit plunges 96% to Rs 111.57 cr
Tata Motors? consolidated profit for the quarter ended December 31 crashed 96 per cent to Rs.112 crore from Rs.2,953 crore last year with sales droppi
Read MoreFortis posts Rs.453-crore profit on demerger move
Fortis Healthcare has posted a net profit of Rs.453.29 crore for the third quarter ended December 31, 2016. The company had recorded a net loss of Rs.
Read More65% startup leaders believe the sector is in a tech bubble
Nearly 65% of startup executives and founders believe that the Indian startups are in a technology bubble, while 18 per cent feel that the bubble was
Read MoreIndia Ratings pegs Economy to grow at 7.4% in FY18
Fitch Group Company, India Ratings and Research expect Indian economy to grow 7.4% in 2017-18 buoyed by consumption demand and government spending. Ho
Read MoreDebts Recovery Tribunal-II, Chandigarh
Debts Recovery Tribunal-II, Chandigarh
Read MoreDebt Recovery Appellate Tribunal (DRAT), Chennai, Tamil Nadu
Debt Recovery Appellate Tribunal (DRAT), Chennai, Tamil Nadu
Read MoreDebts Recovery Tribunal No 2, Chennai, Tamil Nadu
Debts Recovery Tribunal No. 2, Chennai, Tamil Nadu
Read MoreDebts Recovery Tribunal, Coimbatore, Tamil Nadu
Debts Recovery Tribunal, Coimbatore, Tamil Nadu
Read MoreDebts Recovery Tribunal No 1, Chennai, Tamil Nadu
Debts Recovery Tribunal No 1, Chennai, Tamil Nadu
Read MoreDebt Recovery Tribunal, Madurai
Debt Recovery Tribunal, Madurai
Read MoreDebts Recovery Tribunal No 3, Chennai
Debts Recovery Tribunal No 3, Chennai
Read MoreDebts Recovery Tribunal, Ernakulam (Kerala and Lakshadweep)
Debts Recovery Tribunal, Ernakulam (Kerala and Lakshadweep)
Read MoreDebts Recovery Tribunals, Aurangabad
Debts Recovery Tribunals, Aurangabad
Read MoreState Level Bankers' Committee - North Eastern States
State Level Bankers' Committee - North Eastern States
Read MoreRegional Rural Banks (RRB)
Regional Rural Banks (RRB)
Read MoreAgricultural Finance Corporation Limited (AFCL), Mumbai
Agricultural Finance Corporation Limited (AFCL), Mumbai
Read MoreLIC Housing Finance Limited
LIC Housing Finance Limited
Read MoreIndia Security Press, Nashik
India Security Press, Nashik
Read MoreLarge Taxpayer Units
Large Taxpayer Units
Read MoreAid Accounts and Audit Division, New Delhi
Aid Accounts and Audit Division, New Delhi
Read MoreSecurity Paper Mill, Hoshangabad, Madhya Pradesh
Security Paper Mill, Hoshangabad, Madhya Pradesh
Read MoreChief Adviser Cost
Chief Adviser Cost
Read MoreFinancial Intelligence Unit India (FIU-IND)
Financial Intelligence Unit India (FIU-IND)
Read MoreSecurity Printing Press, Hyderabad
Security Printing Press, Hyderabad
Read MoreNSDL Database Management Limited (NDML), National Securities and Depository Limited (NSDL)
NSDL Database Management Limited (NDML), National Securities and Depository Limited (NSDL)
Read MoreLIC - Life Insurance Corporation of India
LIC - Life Insurance Corporation of India
Read MoreCentral Excise, Service Tax and Customs, Cochin
In 2002, as part of cadre-restructuring, the Commissionerates of Central Excise, Cochin and Calicut were further re-organised and a new Commissionerat
Read MoreNational Insurance Company Limited (NICL)
National Insurance Company Limited (NICL)
Read MoreGeneral Insurance Corporation of India (GIC)
General Insurance Corporation of India (GIC)
Read MoreIndustrial Finance Corporation of India (IFCI)
Corporate Financial Advisory & Consultancy IFCI Ltd. is a primary financial consultancy in India provides financial consultancy, corporate financial
Read MoreNew India Assurance Company Limited (NIACL)
New India Assurance Company Limited (NIACL)
Read MoreNational Payments Corporation of India (NPCI), Mumbai
National Payments Corporation of India (NPCI), Mumbai
Read MoreNational Housing Bank (NHB)
National Housing Bank (NHB)
Read MoreForeign Investment Promotion Board (FIPB)
Foreign Investment Promotion Board (FIPB)
Read MoreDebts Recovery Tribunal (DRT), Ranchi
Debts Recovery Tribunal (DRT), Ranchi
Read MoreSecurity Printing and Minting Corporation of India Limited (SPMCIL)
Security Printing and Minting Corporation of India Limited (SPMCIL)
Read MoreOriental Insurance Company Limited (OICL)
Oriental Insurance Company Limited (OICL)
Read MoreAir Cargo Complex Imports and Exports, Delhi Customs, New Delhi
Air Cargo Complex Imports and Exports, Delhi Customs, New Delhi
Read MoreCentral Board of Excise and Customs (CBEC)
Central Board of Excise and Customs (CBEC)
Read MoreSebi COmplaints and REdress System (SCORES), Securities and Exchange Board of India (SEBI)
Sebi COmplaints and REdress System (SCORES), Securities and Exchange Board of India (SEBI)
Read MoreBoard for Industrial and Financial Reconstruction (BIFR)
Board for Industrial and Financial Reconstruction (BIFR)
Read MoreAutomation Of Central Excise and Service Tax, ACES
Automation Of Central Excise and Service Tax, ACES
Read MoreUnited India Insurance Company Limited
United India Insurance Company Limited
Read MoreIndia Infrastructure Finance CompanyLimited (IIFCL)
India Infrastructure Finance CompanyLimited (IIFCL)
Read MoreSwachh Bharat Kosh (SBK) - to attract Corporate Social Responsibility (CSR) funds for Swachh Bharat
Swachh Bharat Kosh (SBK) - to attract Corporate Social Responsibility (CSR) funds for Swachh Bharat
Read MoreDatabase of infrastructure projects in India
Database of infrastructure projects in India
Read MoreTax Information Exchange System (TINXSYS), Delhi
Tax Information Exchange System (TINXSYS), Delhi
Read Moree-Granthalaya : Online Library Catalog, Ministry of Finance
e-Granthalaya : Online Library Catalog, Ministry of Finance
Read MoreWeb Portal for Indian Revenue Service (IRS) Officers
Web Portal for Indian Revenue Service (IRS) Officers
Read Moree-Samarth: Empowering the Government Employee, G2E Initiative of the Controller General of Accounts
e-Samarth: Empowering the Government Employee, G2E Initiative of the Controller General of Accounts
Read MoreIndian Customs Electronic Data Interchange System (ICES)
Indian Customs Electronic Data Interchange System (ICES)
Read MoreWebcast of Hon'ble Finance Minister's Presentation of Union Budget in the Parliament
Webcast of Hon'ble Finance Minister's Presentation of Union Budget in the Parliament
Read MoreCentral Plan Scheme Monitoring System (CPSMS), New Delhi
Central Plan Scheme Monitoring System (CPSMS), New Delhi
Read MoreCentral Public Procurement Portal
Central Public Procurement Portal
Read MoreAutomation of Central Excise and Service Tax, Central Board of Excise and Customs (CBEC)
Automation of Central Excise and Service Tax, Central Board of Excise and Customs (CBEC)
Read MoreTax Information Network (TIN), National Securities Depository Limited
Tax Information Network (TIN), National Securities Depository Limited
Read MoreIIFCL Project Limited (IPL), India Infrastructure Finance Company Limited (IIFCL), New Delhi
IIFCL Project Limited (IPL), India Infrastructure Finance Company Limited (IIFCL), New Delhi
Read MoreUnion Budget of India 2017-18
Union Budget of India 2017-18
Read MoreEconomic Survey 201617
Economic Survey 2016-17
Read MoreIncome Tax e - Filing
Income Tax e - Filing
Read MoreSovereign Gold Bonds and Gold Monetisation Schemes of Govt. of India
Sovereign Gold Bonds & Gold Monetisation Schemes of Govt. of India
Read MoreG20 India Secretariat, New Delhi
G20 India Secretariat, New Delhi
Read MoreIndian Economic Service (IES)
Indian Economic Service (IES)
Read MoreOnline Application for allotment of Permanent Account Number (PAN Card)
Online Application for allotment of Permanent Account Number (PAN Card)
Read MoreOnline Refund Status for Taxpayers, Income Tax Department
Online Refund Status for Taxpayers, Income Tax Department
Read MoreOLTAS - Challan Status Inquiry, Income Tax Department
OLTAS - Challan Status Inquiry, Income Tax Department
Read Moree-Payment of direct taxes online by taxpayers, Income Tax Department
e-Payment of direct taxes online by taxpayers, Income Tax Department
Read MoreBanking Codes and Standards Board of India (BCSBI)
Banking Codes and Standards Board of India (BCSBI)
Read MoreCollege of Agricultural Banking (CAB)
College of Agricultural Banking (CAB)
Read MoreGovernment of India e-Payment Gateway (GePG)
Government of India e-Payment Gateway (GePG)
Read MoreJan-Dhan Se Jan Suraksha Portal
Jan-Dhan Se Jan Suraksha Portal
Read MoreDeposit Insurance and Credit Guarantee Corporation, Mumbai
Deposit Insurance and Credit Guarantee Corporation, Mumbai
Read MoreTRACES - TDS (Tax Deducted at Source) Reconciliation Analysis and Correction Enabling System
TRACES - TDS (Tax Deducted at Source) Reconciliation Analysis and Correction Enabling System
Read MoreGovernment eAuction System
Government eAuction System
Read MorePradhan Mantri Jan-Dhan Yojana (PMJDY) - National Mission for Financial Inclusion to ensure access to financial services
Pradhan Mantri Jan-Dhan Yojana (PMJDY) - National Mission for Financial Inclusion to ensure access to financial services
Read MoreIndian Customs and Excise Gateway ICE : GATE, e-Commerce Portal of Central Board of Excise and Customs
Indian Customs and Excise Gateway ICE : GATE, e-Commerce Portal of Central Board of Excise and Customs
Read MoreDebts Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT)
Debts Recovery Tribunal (DRT) & Debts Recovery Appellate Tribunal (DRAT)
Read MoreCompetent Authority, Customs and Narcotics, Lucknow
Competent Authority, Customs and Narcotics, Lucknow
Read MoreIncome-tax Settlement Commission / Wealth-tax Settlement Commission
Income-tax Settlement Commission / Wealth-tax Settlement Commission
Read MoreReserve Bank of India (RBI)
Reserve Bank of India (RBI)
Read MorePension Fund Regulatory and Development Authority (PFRDA)
Pension Fund Regulatory and Development Authority's,(PFRDA)
Read MoreCompetent Authority (CA), Chennai
Competent Authority (CA), Chennai
Read MoreSecurities and Exchange Board of India (SEBI)
Securities and Exchange Board of India (SEBI)
Read MoreKolkata Debts Recovery Tribunal No. 2
Kolkata Debts Recovery Tribunal No. 2
Read MoreFourteenth Finance Commission
Fourteenth Finance Commission
Read MoreDirectorate General of Valuation, CBEC, Govt. of India
Directorate General of Valuation, CBEC, Govt. of India
Read MoreService Tax Division, Ahmedabad
Service Tax Division, Ahmedabad
Read MoreInstitute of Government Accounts and Finance (INGAF)
Institute of Government Accounts and Finance (INGAF)
Read MoreIncome Tax Department, Karnataka and Goa
Income Tax Department, Karnataka and Goa
Read MoreCommissioner of Central Excise and Customs, Calicut
Commissioner of Central Excise and Customs, Calicut
Read MoreTrichy Customs
Trichy Customs
Read MoreRajasthan Customs
Rajasthan Customs
Read MoreCentral Excise and Customs Commissionerate, Gurgaon-II
Central Excise and Customs Commissionerate, Gurgaon-II
Read MorePay Accounts Office (GREF), Dighi Camp, Pune
Pay Accounts Office (GREF), Dighi Camp, Pune
Read MoreCustoms Commissionerate Preventive, Amritsar
Customs Commissionerate Preventive, Amritsar
Read MoreCommissioner of Customs (Preventive), Mumbai
Commissioner of Customs (Preventive), Mumbai
Read MoreCentral Excise, Customs and Service Tax Commissionerate, Chandigarh-I
Central Excise, Customs and Service Tax Commissionerate, Chandigarh-I
Read MoreCentral Excise and Customs, Nashik Commissionerate, Maharashtra
Central Excise and Customs, Nashik Commissionerate, Maharashtra
Read MoreCentral Excise, Customs and Service Tax Commissionerate, Visakhapatnam I
Central Excise, Customs and Service Tax Commissionerate, Visakhapatnam - I
Read MoreCentral Excise, Customs and Service Tax Commissionerate, Mysore Zone
Central Excise, Customs and Service Tax Commissionerate, Mysore Zone
Read MoreCommissioner(Audit), Central Excise and Service Tax, Jaipur
Commissioner(Audit), Central Excise and Service Tax, Jaipur
Read MoreCustoms, Central Excise and Service Tax Commissionorate, Tirupati, Chittoor
Customs, Central Excise and Service Tax Commissionorate, Tirupati, Chittoor
Read MoreCentral Excise, Customs and Service Tax Commissionerate, Vadodara Zone
Central Excise, Customs & Service Tax Commissionerate, Vadodara Zone
Read MoreOffice of the Chief Commissioner, Customs, Central Excise and Service Tax, Bhopal Zone, Bhopal
Office of the Chief Commissioner, Customs, Central Excise & Service Tax, Bhopal Zone, Bhopal
Read MoreOffice of the Principal Commissioner of Customs, Mundra Port, Kachchh, Gujarat
Office of the Principal Commissioner of Customs, Mundra Port, Kachchh, Gujarat
Read MoreCustoms and Central Excise Commissionerate, Noida-II (Greater Noida)
Customs & Central Excise Commissionerate, Noida-II (Greater Noida)
Read MoreCentral Board of Excise and Customs (CBEC), Bhavnagar
Central Board of Excise and Customs (CBEC), Bhavnagar
Read MoreCentral Excise and Service Tax Commissionerate, Meerut - I, Uttar Pradesh
Central Excise and Service Tax Commissionerate, Meerut - I, Uttar Pradesh
Read MoreOffice of the Commissioner of Customs, Central Excise and Service Tax, Agra Commissionerat
Office of the Commissioner of Customs, Central Excise & Service Tax, Agra Commissionerate
Read MoreCustoms, Central Excise and Service Tax Commissionerate, Kakinada (Visakhapatnam II)
Customs, Central Excise and Service Tax Commissionerate, Kakinada (Visakhapatnam -II)
Read MoreIncome Tax Department, Tamil Nadu and Pudhucherry
Income Tax Department, Tamil Nadu and Pudhucherry
Read MoreCentral Excise, Customs and Service Tax Commissionerate, Thiruvananthapuram
Central Excise, Customs & Service Tax Commissionerate, Thiruvananthapuram
Read MoreNational Academy of Customs Excise and Narcotics, Regional Training Institute, Kanpur
National Academy of Customs Excise and Narcotics, Regional Training Institute, Kanpur
Read MoreCustoms Preventive Commissionerate, Vijayawada, Central Board of Excise and Customs
Customs Preventive Commissionerate, Vijayawada, Central Board of Excise and Customs
Read MoreRanchi(II) Bokaro Commissionerate, Central Excise And Service Tax
Ranchi(II) Bokaro Commissionerate, Central Excise And Service Tax
Read MoreDhanbad Commissionerate, Central Excise and Service Tax
Dhanbad Commissionerate, Central Excise and Service Tax
Read MoreHyderabad Audit Commissionerate, Central Excise and Service Tax
Hyderabad Audit Commissionerate, Central Excise and Service Tax
Read MoreCentral Excise and Service Tax Commissionerate, Ranchi
Central Excise and Service Tax Commissionerate, Ranchi
Read MoreRaigad Central Excise, Customs and Service tax Commissionerate
Raigad Central Excise, Customs and Service tax Commissionerate
Read MoreMumbai Customs Zone-1, Dept. of Revenue, Ministry of Finance
Mumbai Customs Zone-1, Dept. of Revenue, Ministry of Finance
Read MoreCustoms and Central Excise Commissionerate, Nagpur
Customs and Central Excise Commissionerate, Nagpur
Read MoreCustoms and Central Excise Commissionerate - Rajkot, Gujarat
Customs and Central Excise Commissionerate - Rajkot, Gujarat
Read MoreKolkata Customs
Kolkata Customs under Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Ministry of Finance, Government of I
Read MorePune Customs
Pune Customs
Read MorePrincipal Chief Controller of Accounts, Central Board of Excise and Customs (CCA - CBEC)
Principal Chief Controller of Accounts, Central Board of Excise and Customs (CCA - CBEC)
Read MoreHyderabad Customs
Hyderabad Customs
Read MoreCommissionerate of Customs (Preventive), North Eastern Region, Shillong
Commissionerate of Customs (Preventive), North Eastern Region, Shillong.
Read MoreJamnagar Customs
Jamnagar Customs
Read MoreDirectorate General of Inspection, Customs and Central Excise (DGICEE)
Directorate General of Inspection, Customs and Central Excise (DGICEE)
Read MoreChief Commissioner of Customs (Preventive) - Mumbai Zone III
Chief Commissioner of Customs (Preventive) - Mumbai Zone III
Read MoreCustoms House, Visakhapatnam
Customs House, Visakhapatnam
Read MoreCustoms and Central Excise, Bhopal
Customs and Central Excise, Bhopal
Read MoreCommissionerate of Central Excise and Customs, Vadodara - II
Commissionerate of Central Excise and Customs, Vadodara - II
Read MoreChief Commissioner of Customs, Gujarat
Chief Commissioner of Customs, Gujarat
Read MoreChennai Customs
Chennai Customs
Read MoreCentral Excise and Customs, Commissionerate, Raipur
Central Excise & Customs, Commissionerate, Raipur
Read MoreCustoms, Central Excise and Service Tax Commissionerate, Indore, Madhya Pradesh
Customs, Central Excise and Service Tax Commissionerate, Indore, Madhya Pradesh
Read MoreJoint Chief Departmental Representative Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad
Joint Chief Departmental Representative Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad
Read MoreCustoms, Central Excise and Service Tax Zone, Lucknow
Customs, Central Excise and Service Tax Zone, Lucknow
Read MoreBangalore Customs
Bangalore Customs
Read MoreCustoms and Central Excise Commissionerate, Jammu and Kashmir
Customs and Central Excise Commissionerate, Jammu and Kashmir
Read MoreCentral Excise, Mysore
Central Excise, Mysore
Read MoreCentral Excise, Puducherry
Central Excise, Puducherry
Read MoreCentral Excise, Mumbai-III
Central Excise, Mumbai-III
Read MoreCentral Excise, Mumbai
Central Excise, Mumbai
Read MoreCommissionerate of Central Excise and Customs, Visakhapatnam
Commissionerate of Central Excise and Customs, Visakhapatnam
Read MoreCentral Excise, Trichy
Central Excise, Trichy
Read MoreCentral Excise, Thiruvananthapuram
Central Excise, Thiruvananthapuram
Read MoreCentral Excise, Shillong
Central Excise, Shillong
Read MoreCentral Excise, Coimbatore
Central Excise, Coimbatore
Read MoreCentral Excise, Madurai
Central Excise, Madurai
Read MoreCentral Excise, Dibrugarh
Central Excise, Dibrugarh
Read MoreCentral Excise, Delhi
Central Excise, Delhi
Read MoreCentral Excise,Customs and Service Tax, Bhubaneswar
Central Excise,Customs and Service Tax, Bhubaneswar
Read MoreCentral Excise, Customs and Service Tax, Patna
Central Excise, Customs and Service Tax, Patna
Read MoreCentral Excise Commissionerate, Salem
Central Excise Commissionerate, Salem
Read MoreCentral Excise, Chennai
Central Excise, Chennai
Read MoreCentral Excise, Aurangabad
Central Excise, Aurangabad
Read MoreCentral Excise and Customs Commissionerate, Surat I
Central Excise and Customs Commissionerate, Surat I
Read MoreCentral Excise, Ahmedabad - III
Central Excise, Ahmedabad - III
Read MoreCentral Excise, Ahmedabad - II
Central Excise, Ahmedabad - II
Read MoreCentral Excise, Ahmedabad I
Central Excise, Ahmedabad I
Read MoreAhmedabad Customs
Ahmedabad Customs
Read MoreOffice of the Commissioner - Customs, Central Excise and Service Tax, Kanpur
Office of the Commissioner - Customs, Central Excise & Service Tax, Kanpur
Read MoreJawaharlal Nehru Custom House
Jawaharlal Nehru Custom House
Read MoreKandla Customs
Kandla Customs
Read MoreElectronic Data Information Filing and Retrieval System (EDIFAR), SEBI, Mumbai
Electronic Data Information Filing and Retrieval System (EDIFAR), SEBI, Mumbai
Read MoreCentral Excise, Bangalore 1
Central Excise, Bangalore
Read MoreCommissionerate of Service Tax ,New Delhi
Commissionerate of Service Tax ,New Delhi
Read MoreCommissionerate of Service Tax ,Kolkata
Commissionerate of Service Tax ,Kolkata
Read MoreCentral Excise Zone, Jaipur
Central Excise Zone, Jaipur
Read MoreCommissionerate of Service Tax, Chennai
Commissionerate of Service Tax, Chennai
Read MoreCustom House, Cochin
Custom House, Cochin
Read MoreDirectorate of Revenue Intelligence (DRI)
Directorate of Revenue Intelligence (DRI)
Read MoreIncome Tax Department
Income Tax Department
Read MoreCentral Board of Excise and Customs, Shillong Zone, Shillong
Central Board of Excise and Customs, Shillong Zone, Shillong
Read MoreCentral Excise, Ahmedabad Zone
Central Excise, Ahmedabad Zone
Read MoreCommissioner of Customs, Air Cargo, Mumbai
Commissioner of Customs, Air Cargo, Mumbai
Read MoreCentral Excise, Pune I
Central Excise, Pune I
Read MoreMangalore Customs
Mangalore Customs
Read MoreCentral Excise and Service Tax Commissionerate, Ludhiana, Punjab
Central Excise and Service Tax Commissionerate, Ludhiana, Punjab
Read MoreCentral Excise and Service Tax, Guwahati, Assam
Central Excise and Service Tax, Guwahati, Assam
Read MoreDirectorate of Publicity and Public Relations (DPPR)
Directorate of Publicity and Public Relations (DPPR)
Read MoreEmpowered Committee of State Finance Ministers
Empowered Committee of State Finance Ministers
Read MoreSeventh Central Pay Commission, New Delhi
Seventh Central Pay Commission, New Delhi
Read MoreExpenditure Finance Committee (EFC), Planning Commission
Expenditure Finance Committee (EFC), Planning Commission
Read MoreCustom Commissionerate, Inland Container Depot (ICD), Tughlakabad, New Delhi
Custom Commissionerate, Inland Container Depot (ICD), Tughlakabad, New Delhi
Read MoreSettlement Commission, Customs, Central Excise and Service Tax
Settlement Commission, Customs, Central Excise and Service Tax
Read MoreUTI Infrastructure Technology And Services Limited (UTIITSL)
UTI Infrastructure Technology And Services Limited (UTIITSL)
Read MoreRegional Training Insititute, Jammu
Regional Training Insititute, Jammu
Read MoreRegional Training Insititute, Shillong
Regional Training Insititute, Shillong
Read MoreRegional Training Insititute, Nagpur
Regional Training Insititute, Nagpur
Read MoreIndira Gandhi Institute of Development Research (IGIDR), Mumbai
Indira Gandhi Institute of Development Research (IGIDR), Mumbai
Read MoreNational Academy of Direct Taxes, Nagpur
National Academy of Direct Taxes, Nagpur
Read MoreRegional Training Insititute, Mumbai
Regional Training Insititute, Mumbai
Read MoreInternational Centre for Environment Audit and Sustainable Development (iCED), Jaipur
International Centre for Environment Audit and Sustainable Development (iCED), Jaipur
Read MoreRegional Training Center, New Delhi
Regional Training Center, New Delhi
Read MoreRegional Training Insititute, Chennai
Regional Training Insititute, Chennai
Read MoreNational Academy of Customs Excise and Narcotics
National Academy of Customs Excise and Narcotics
Read MoreRegional Training Center, Bangalore
Regional Training Center, Bangalore
Read MoreRegional Training Insititute, Allahabad
Regional Training Insititute, Allahabad
Read MoreRegional Training Insititute, Kolkata
Regional Training Insititute, Kolkata
Read MoreNational Academy of Audit and Accounts, Shimla, HP, India
Website of the National Academy of Audit and Accounts, Shimla, HP, India
Read MoreRegional Training Insititute, Jaipur
Regional Training Insititute, Jaipur
Read MoreNational Institute of Public Finance and Policy (NIPFP), New Delhi
National Institute of Public Finance and Policy (NIPFP), New Delhi
Read MoreNational Academy of Customs Excise and Narcotics (NACEN), Mumbai
National Academy of Customs Excise and Narcotics (NACEN), Mumbai
Read MoreRegional Training Insititute, Ranchi
Regional Training Insititute, Ranchi
Read MoreIndia Government Mint, Kolkata
India Government Mint, Kolkata
Read MoreSecurities Appellate Tribunal, Mumbai
Securities Appellate Tribunal, Mumbai
Read MoreIndia Government Mint, Noida
India Government Mint, Noida
Read MoreDirectorate General of Safeguards
Directorate General of Safeguards
Read MoreCentral Bureau of Narcotics
Central Bureau of Narcotics
Read MoreController General of Accounts (CGA)
Controller General of Accounts (CGA)
Read MoreCentral Pension Accounting Office (CPAO)
Central Pension Accounting Office (CPAO)
Read MoreIndian Agency Fighting Economic Crime
Indian Agency Fighting Economic Crime
Read MoreDirectorate General of Human Resource Development (HRD)
Directorate General of Human Resource Development (HRD)
Read MoreDirector General of Audit (Central Expenditure)
Director General of Audit (Central Expenditure)
Read MoreCustoms and Central Excise Commissionerates
Customs and Central Excise Commissionerates
Read MoreDirectorate of Logistics, Customs and Central Excise
Directorate of Logistics, Customs and Central Excise
Read MoreNational Savings Institute (NSI)
National Savings Institute (NSI)
Read MoreDirectorate of Enforcement
Directorate of Enforcement
Read MoreDirectorate of Data Management, Central Board of Excise and Customs (CBECDDM), New Delhi
Directorate of Data Management, Central Board of Excise and Customs (CBECDDM), New Delhi
Read MoreDepartment of Financial Services
Department of Financial Services
Read MoreDepartment of Revenue
Department of Revenue
Read MoreDepartment of Expenditure
Department of Expenditure
Read MoreDepartment of Investment and Public Asset Management
Department of Investment and Public Asset Management
Read MoreDepartment of Economic Affairs
Department of Economic Affairs
Read MoreMinistry of Finance
Ministry of Finance
Read MoreAccountant General, Himachal Pradesh
Accountant General, Himachal Pradesh
Read MoreAccountant General , Uttar Pradesh
Official Website of Accountant General , Uttar Pradesh
Read MoreInternational Centre for Information Systems and Audit (iCISA)
International Centre for Information Systems and Audit (iCISA)
Read MoreFormer BOJ board member: This is what Japan must do to boost growth. Hint: It?s not monetary policy
The key to boosting Japan's sluggish economy isn't more monetary policy, it's focusing on making households feel more secure, Sayuri Shirai, a former
Read MoreUK inflation highest since June 2014
Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, the Office for National Statistics (ONS) said, up from a rate
Read MoreCoal power plants may not be needed after 2024
A report published on Monday by The Energy and Resources Institute (TERI) said power plants to be added after 2023-24 could be completely renewable en
Read MoreBest Rupee rally in a year sees RBI buying dollars to bolster its forex reserves
The rupee?s sharpest rally in almost a year is giving India?s central bank scope to take out an insurance policy for what could be a tumultuous 2017.
Read MoreWholesale prices up 5.25% year-on-year in January
India's wholesale inflation saw a sharp rise in January owing to costlier fuel and power even as food items continued to remain cheaper. Data released
Read MoreConsumer price inflation set to see upside pressure: Crisil
Even as consumer price inflation (CPI) has come down due to a dip in food inflation and Index of Industrial Production (IIP) also seen a slip as a fal
Read MoreI-T refunds rise by a whopping 41.5%, government issues 1.62 cr refunds worth Rs 1.42 lakh cr
The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 per cent higher than last yea
Read MoreOperation Clean: 527,000 taxpayers explain cash deposits after note ban
The income tax department has received responses from more than 5,27,000 taxpayers by February 12 about the source of their money deposited in old cur
Read MoreJapan's Kirin selling Brazilian unit to Heineken
Japanese brewer Kirin said on Monday it would sell its Brazilian unit to Dutch beer giant Heineken for $706 million, citing a 'stagnant and competitiv
Read MoreWoodland coming to China with Aokang
Woodland, the maker of footwear, apparels and accessories, has formed a partnership that will allow it to sell products in about 5,000 retail outlets
Read MoreCarlsberg ties up with 2 more manufacturers to expand in India
Danish brewer Carlsberg has entered into contract manufacturing agreements with Lilasons Industries in Maharashtra and Pali Hills Breweries in Jharkha
Read MoreSingapore's GIC leads race to buy 40% in DLF Cyber City for Rs 12,000 crore
GIC of Singapore is set to enter into exclusive bilateral negotiations with KP Singh and his family, the promoters of India?s largest real estate firm
Read MoreI-T Lens on Art Bought by Cos
A recent tweak in tax rules may worry art buyers. From the next financial year, expensive paintings, antique jewellery, vintage cars, real estate or a
Read MoreGovernment IT spending to grow 9.5% in 2017: Gartner
Led by growth in business process outsourcing, the Indian government is set to spend $7.8 billion on IT in 2017 - an increase of 9.5 per cent over 201
Read MoreFlipkart unit shuts courier and hyperlocal services
Ekart, logistics unit of Flipkart, the country's largest e-commerce marketplace, has shut its customer-facing courier service and hyperlocal delivery
Read MoreMukesh Ambani gas pipeline company's net worth erodes by Rs 8,000 crore
Even as Reliance Industries is creating ripples in the telecom industry, the net worth of Mukesh Ambani owned, Reliance Gas and Transportation Infras
Read MoreHPCL Q3 net up 53% at Rs 1,590 cr
State-run Hindustan Petroleum Corporation Ltd (HPCL) reported a 53% rise in its net profit for the October-December 2016 quarter owing to better opera
Read MoreTrump, Brexit Dominate European Outlook ?Assailed by Risks?
Brexit and the election of Donald Trump are heightening economic risks for the euro area, the European Commission said, as it warned of continued fall
Read MoreChinese auto sales weaken in January as sales tax rises
China's auto sales shrank in January following a sales tax increase, an industry group reported Monday.Sales in the world's biggest auto market declin
Read MoreConstruction, manufacturing must grow in tandem to boost steel demand
Under the current subdued global commodity market scenario, the production growth in any item anywhere in the world is viewed as the inevitable result
Read MoreOPEC reports big Saudi oil cut, boosting compliance with deal
Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with
Read More5 foreign funds issued P-notes to Indian nationals: Sebi
In a crackdown on alleged misuse of P-Notes for round-tripping, markets regulator Sebi has found five foreign funds to have issued these controversy-
Read MoreMF Folio Count Up 62 Lakh In April-Jan To Record 5.4 Cr
Driven by strong participation from retail investors, mutual fund (MF) houses have registered an addition of around 62 lakh investor accounts in the f
Read MorePSBs? fresh slippages in December quarter a lot higher than recoveries
Fresh slippages of public sector banks (PSBs) in the December quarter were significantly higher compared with recoveries, data of eight large and mid-
Read MoreIndia smartphone market remains flat at 25.8 million units in Q4: IDC
Smartphone shipment in the country remained almost flat at 25.8 million units in the October-December 2016 quarter compared to the year-ago period, im
Read MoreStrong Ebitda helps Hindalco turn black
Aditya Birla Group company Hindalco Industries reported a standalone net profit of Rs 321 crore for the third quarter ended December against a loss of
Read MorePFC Q3 net profit jumps 23% to Rs 1,949 cr
Power Finance Corporation (PFC) on Monday reported an over 23 per cent surge in standalone net profit to Rs 1,949.91 crore for the third quarter ended
Read MoreReliance Infra Q3 net up 49% at Rs 375 cr
Reliance Infrastructure has reported a 49 per cent rise in its net profit to Rs 375 crore for the December 2016 quarter. The Anil Ambani-led infrastru
Read MoreL&T, MBDA Missile Systems partner to develop missiles in India
Engineering and construction major L&T on Monday entered into a joint venture with European defence major MBDA Missile Systems for development of miss
Read MoreRetail inflation slips to 3.17% in January on soft food prices
Retail inflation hit a multi-year low in January as food prices softened further. But the core inflation, which excludes food and fuel, shot up to 5.1
Read MorePune Metro project gets Rs 950 cr allocation, set to be completed by 2021
With the central government allocating Rs 950 crore to the Pune Metro Rail project and nearly one-third of the geo-technical survey being complete, wo
Read MoreNotification No.RBI/2016-17/226
Deposit of Specified Bank Notes (SBNs) ? Chest Balance Limit / Cash Holding Limit
Read MoreNotification No.RBI/2016-17/225
Interest rates for Small Savings Schemes
Read MoreNotification No.RBI/2016-17/224
Removal of limits on withdrawal of cash from Saving Bank Accounts
Read MoreCircular No. 203/1/2017-ST
Mentioning of Minor head code of Refund
Read MoreNotification No. 06/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China
Read MoreNotification No. 05/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Hot Rolled products of alloy or non-alloy steel originating in or exported from China PR, Ja
Read MoreNotification No.10/2017 Customs (N.T.)
Empowering the Principal Commissioner with the powers of Chief Commissioner
Read MoreNotification No. 9/2017
[Notification No. 9/2017/F.No. 370142/40/2016-TPL]
Read MoreNotification No. 8/2017
Notification No. 8/2017 (F.No.203/04/2016/ITA-II)
Read MoreNotification No. 7/2017
Notification No. 7/2017 [F. No. 203/02/2016-ITA-II]
Read MoreNotification No. 6/2017
[Notification No. 6/2017/F. No. 300196/20/2016-ITA-I]
Read MoreNotification No. 5/2017
[Notification No. 5 /2017/F. No. 300196/3/2016-ITA-I]
Read MoreHow the world's fastest-growing economy went bust
Not so long ago, Mongolia was the world's fastest-growing economy. Now, by nearly every metric, it's in a dire fix. Its debt has surged, its currency
Read MoreUK economy to slow down, says European Commission
The UK economy will slow down sharply over the next couple of years says the European Commission.Its latest forecast says the UK economy will grow by
Read MoreLook where cash ban hit the most, oil demand falls most in 13 years
India?s monthly oil demand fell the most since May 2003 as the government?s crackdown on high-value currency notes continued to reverberate through th
Read MoreIndian smartphone market grew 5.2 per cent in 2016: International Data Corporation
India registered 109.1 million units of smartphone shipments with a marginal 5.2 per cent annual growth in 2016, market research firm International Da
Read MoreUnion Budget 2017: Arun Jaitley?s income tax proposals to boost insurance sector; here?s how
This year?s Union Budget will help the insurance industry to grow at a rapid pace as certain proposals will benefit both the life and non-life sectors
Read MoreIndian government IT spending to grow 9.5% to $7.8 billion in 2017: Gartner
Government is slated to spend $7.8 billion on information technology in 2017, an increase of 9.5 per cent over the last year, research firm Gartner to
Read MoreIFCI sets NPA recovery target of Rs 600 crore for Q4 FY17
Hit hard by rising bad loans, country's oldest financial institution IFCI has set an ambitious recovery target of Rs 600 crore for the current quarter
Read MoreIIP growth expected to see some uptick in January: Kotak
Industrial activity in the country, the data for which is yet to be released, is expected to see an uptick in January as the overall economic scenario
Read MoreFurther cut in lending rates will be slower: NS Venkatesh, ED, Lakshmi Vilas Bank
In a chat with ET Now's Mythili Bhusnurmath, NS Venkatesh, ED, Lakshmi Vilas Bank, says the market was surprised with RBI's stance on policy rates and
Read MorePSBs may bank on UDAY to free up Rs 20,000 crore
State-run banks will be able to free up about Rs 20,000 crore of capital as the ongoing reforms in the power sector will allow them to reduce their lo
Read MoreIndia Inc's FDI overseas down 57 per cent to $1.82 billion
Direct investments made overseas by Indian companies declined 57.3 per cent to $1.82 billion last month, the Reserve Bank data showed today. The inves
Read MoreWorking on increasing exports to China: Shaktikanta Das
The government is working towards increasing exports to China to balance a wide trade deficit and formulate a sustainable trade relationship between t
Read MoreInvestment proposals worth nearly Rs 3 lakh crore to be signed during GIS summit: CS
Investment proposals worth nearly three lakh crore rupees would be signed with different companies during the February 16/17 Global Investment Summit
Read MoreGDP growth to slow to 5.7% in January-March 2017: Nomura
India's economic growth is likely to remain muted in the first quarter of this calender year with the GDP likely to grow at 5.7 per cent in the Januar
Read MoreSuzlon Energy set to sell stake in 130 mw projects
Suzlon Energy has divested 49% stake in solar power projects totalling 210 mw and is in advanced talks to sell stake in another 130 mw projects in a d
Read MoreSwiss ease citizenship for foreigners, reject tax reform
Swiss voters decided Sunday that they want to make it easier for ?third-generation foreigners? to get Swiss citizenship. They also rejected a complex
Read MoreEquity MF inflow at Rs 4,900-cr in Jan; Rs 55,700-cr in FY17
Equity mutual funds saw an inflow of close to Rs 4,900 crore in January, taking the total fund infusion to about Rs 55,700 crore by ?optimistic? inves
Read MoreBanks say they're not willing to fund roadworks under hybrid annuity model
Bankers led by State Bank of India, the country's biggest, have said they would not fund any road designed under the hybrid annuity model (HAM) since
Read MoreFPIs may rush to stock up to avail treaty tax benefits
India-focused offshore funds are asking clients to advance their planned investments into them before April 1 -the deadline for foreign portfolio inve
Read MoreNeutraceutical industry powers up on aspirational demand
India?s nutraceuticals industry is set to double in size to Rs.26,764 crore (approx $4 billion) by 2020 on the back of the surge in the demand for die
Read MoreCDPQ arm in talks to invest $100 mn in Assetz group
Ivanhoe Cambridge, the real estate investment arm of Canada?s second-largest pension fund manager CDPQ, is in talks with Singapore-headquartered Asset
Read MorePharma majors plan $2-billion investments to tap new business
Indian pharma companies? annual spending on research and development (R&D) might cross $2 billion by 2017-18. Companies such as Sun Pharma, Lupin an
Read MoreINDRADHANUSH 2.0 ON CARDS FOR RECAPITALISATION OF PSU BANKS
The government plans to come out with Indradhanush 2.0, a comprehensive plan for recapitalisation of public sector lenders, to make sure they remain s
Read MoreReliance HF eyes equity offering
Reliance Home Finance (RHF), subsidiary of Anil Ambani?s Reliance Capital, might go for an equity offering ? follow-up or a rights issue ? after listi
Read MoreNo strong growth in next few months: Dabur
GST overhang", FMCG major Dabur does not see strong growth tailwinds in the next few months, saying it will take longer for the trade to re-balance. "
Read MoreIndia drives Suzuki more than Japan
The India operations of Japanese automobile major Suzuki have, for the first time, emerged as a bigger entity to the group?s home market, Japan, in re
Read MoreGreece, lenders risk euro zone instability if review talks drag on: EU's Dombrovskis
Greece and its lenders should quickly approve a review of reforms the indebted country must take in return for unlocking new loans, a senior European
Read MoreMahanagar Gas Q3 net profit at Rs 99 crore
Gas distribution company Mahanagar Gas Ltd (MGL) today reported 30.16 per cent increase in net profit to Rs 99 crore for the third quarter ended Decem
Read MoreBSNL aims to complete North East telecom project by December 2018
State-run Bharat Sanchar Nigam Ltd (BSNL) is expecting to complete its portion of mobile network roll-out project, funded by the Universal Service Obl
Read MorePune Municipal Corporation plans India?s largest municipal bond issue of Rs 2,300 cr
The Pune Municipal Corporation (PMC) is planning a bond offering of R2,300 crore, in what will be the country?s largest municipal bond issue till date
Read MoreTata Steel, Jindal Stainless, other steel companies help prop-up India Inc Q3; topline stagnant without them
Thanks to a turnaround in the fortunes of several steel companies ? Tata Steel, Jindal Stainless and JSW Steel ? which have swung from a loss to a pro
Read MoreIncome-tax (2nd Amendment) Rules, 2017
Publish Date : Thursday, February 9, 2017
RBI to be on hold unless inflation, growth undershoot targets
The Reserve Bank is expected to hold rates steady over the "foreseeable future", unless inflation and growth undershoot targets sharply, says an HSBC
Read MoreBudget sops lure premium realtors to affordable space
The union budget has given a fillip to the government?s efforts to boost affordable housing through tax incentives for developers and bigger brands kn
Read MorePreparing for GST: For SMEs this can be a good starting point
The implementation of GST in a federal country like ours has been a long awaited legislative change. This promises easier trade across state borders a
Read MoreU.S. Treasury Posts $51.26 Billion Surplus in January
The U.S. posted a budget surplus in January, helping narrow the federal government?s spending deficit through the opening third of the fiscal year.The
Read MoreDonald Trump says he is working on a major tax reform
US President Donald Trump has said he is "working" on a major tax reform which would massively reduce taxes of workers and businesses of the country.
Read MoreDonald Trump, Shinzo Abe pledge to strengthen US-Japan relationship
US President Donald Trump and Japanese Prime Minister Shinzo Abe has vowed to work together to strengthen the relationship between the two countries i
Read MoreEmbassy unit to invest Rs 350 crore in Pune project
Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, will invest Rs 350 crore to b
Read MoreCBDT to taxman: Step up TDS survey operations to boost collections
With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by fi
Read MoreITC plans to set up mutli-speciality hospitals
Diversified conglomerate ITC Ltd is looking to enter healthcare segment and set up mutli-speciality hospitals.The company?s board has sought the appro
Read MoreAurobindo plans second U.S. plant as Trump calls for local production
Indian drugmaker Aurobindo Pharma plans to set up a factory in the United States for injectable products, it said on Friday, days after U.S. President
Read MoreReckitt acquires baby formula maker Mead in ?13.2bn deal
The move will take the firm, which employs 1,200 employees at its Hull laboratory, into a new area and expand its presence in developing markets.Recki
Read MoreAon to sell benefits outsourcing to Blackstone for up to $4.8 bn
Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up
Read MoreUK manufacturing jump shows economy ended 2016 strongly despite Brexit vote
British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexi
Read MoreAs coal shortfall looms, miners enjoy unexpected boom
Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction.Y
Read MoreIEA says record OPEC cut compliance helps oil market rebalance
Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing following one of the largest oil
Read MoreChina's Jan crude imports rise to third-highest on record
China's crude imports in January rose 27.5 percent from a year earlier to the third-highest volume ever, suggesting robust demand to fill storage and
Read MoreBSE's MF platform gets record 1.34 lakh orders today
Leading stock exchange BSE's mutual fund platform today processed a record 1.34 lakh orders in a single day. Prior to this, the MF platform had hit th
Read MoreForex reserves up $1.58 bn to $363.146 bn
India's foreign exchange reserves rose by $1.588 billion to $363.146 billion in the week to February 3 on a jump in core currency holdings and value o
Read MoreDeepak Fertilisers Q3 profit surges to Rs 46.62 crore
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) today reported over two fold increase in profit after tax (PAT) at Rs 46.62 crore in the thi
Read MoreRetailer Globus Stores losses spurt to Rs 241 cr, blames e-commerce sites Flipkart, Snapdeal, Amazon, others
With losses of R24 crore in 2015-16, the accumulated losses at fashion chain Globus Stores have now gone up to R241.19 crore. The retailer?s sales wer
Read MoreTata Power profit rises 38%
In spite of a dip in income from operations, Tata Power has reported a 38 per cent increase in net profit for the quarter ended December 31, 2016. Hi
Read MoreMahindra and Mahindra reports 33% rise in net profit
Mahindra and Mahindra (M&M), country?s largest utility vehicle manufacturer, on Friday reported a 33.29% y-o-y increase in its standalone net profit t
Read MoreSolar tariff hits record low with 750-MW park auction
After a tedious bidding process that lasted more than 32 hours, contracts to build and operate the upcoming 750-MW Rewa ultra mega solar park in Madhy
Read MoreSaab offers to set up jet production hub in India
Swedish defence company Saab has played down fears that Washington may attempt to block its bid to manufacture the Gripen jet in India, saying that th
Read MoreDemonetisation impact: IIP hits 4 month low of 0.4% in December
After scaling a 13-month high in November, industrial production dropped 0.4% in December, reflecting the effect of demonetisation, although the feroc
Read MoreSBI third quarter net more than doubles to R2,610 crore
State Bank of India (SBI) has more than doubled net profits in the December 2016 quarter to R2,610 crore. Profits were buoyed by treasury profits and
Read MoreDemonetisation impact on government tax revenue marginal
Whatever the government or its detractors say, the demonetisation move announced on November 8 has had little impact either way on the Centre?s tax re
Read MoreMF managers: Stick to large-cap, balanced funds
Equity fund managers are advising investors to stick to large-cap funds and limit or avoid exposure to mid-cap and small-cap stocks in 2017, as the ye
Read MoreInvestments fall for second year in row in 2014-15
Industries continued to shy away from investments in 2014-15, showed comprehensive data released by the Central Statistics Office on Friday. Gross cap
Read MoreFund raising via QIP down 67% to Rs 4,300-cr in Apr-Nov FY17
Indian firms raised over Rs 4,300 crore through issuance of shares to institutional investors during April-November period of the current fiscal, a sh
Read MoreFlipkart to consolidate logistics, supply chain
The new CEO of Flipkart, Kalyan Krishnamurthy, is initiating several changes in the operations of the e-commerce player.To bring in sharper focus on i
Read MoreChina exports beat forecasts, up nearly 8% in Jan.
China's exports rose 15.9% in January from a year earlier in yuan terms, following a 0.6% increase in December, official data showed Friday.Imports in
Read MoreNote ban blues: Factory output contracts 0.4% in Dec
A month after the government decided to demonetise high value currency, the index of industrial production (IIP) contracted by 0.4 per cent in Decembe
Read MoreLarsen & Toubro to invest 2,080 crore in Bengaluru
Larsen & Toubro plans to set up an IT Park and IT SEZ in Bengaluru for a combined investment of ?2,080 crore.The conglomerate, which is engaged in tec
Read MoreRs 2,349.79 crore deficit budget presented in Assam Assembly
Assam Finance Minister Himanta Biswa Sarma today presented a Rs 2,349.79 crore deficit Budget for the state for 2017-18 financial year and merged the
Read MoreRBI Governor keeps repo rate unchanged: Will it impact your investments?
The RBI has kept the repo rate unchanged at 6.25 percent for the second straight time and thereby it seems to have changed its policy stance from ?acc
Read MoreIndirect tax revenue grows 24% in Apr-Jan; direct tax up 10.79%
Government's revenue collection from indirect tax grew by an impressive 23.9 per cent during the April-January period, while that from direct tax rose
Read MoreGerman trade surplus hits record high
Germany's trade surplus hit an all time high last year as the country continued to export significantly more than it imported. According to the figure
Read MoreUK manufacturing ended 2016 strongly
The manufacturing sector grew faster than expected at the end of 2016 as the UK economy continued to defy worries of a downturn following the Brexit v
Read MoreGermany warns the City over Brexit risk
One of Germany's most senior banking regulators has warned London that it is likely to lose its role as "the gateway to Europe" for vital financial se
Read MoreGovt mulls 'further steps' to guard aluminium sector interests
The Centre is mulling taking more measures to safeguard the interests of the aluminium industry, a Parliamentary Panel said today. "The mines ministr
Read MoreBank crisis: RBI corrective action coming? Lenders have breached prompt corrective action caps
Following paltry profits reported by public sector banks (PSBs) in the December quarter, the annualised return on assets (RoA) for most banks stood at
Read MoreBank of India logs 102-cr profit in Q3 as non-interest income jumps
Bank of India reported a turnaround performance in the third quarter,logging a net profit of 102 crore as against a net loss of 1,505.58 crore in the
Read MoreWith no rate cut on horizon, move to short-term debt funds
Investors in debt mutual fund schemes have been at the receiving end in the last two days as the sharp surge in bond yields has resulted in many of th
Read MorePolicy to scrap old vehicles gets in-principle nod
The Committee of Secretaries (CoS) has given an inprinciple approval to the roads transport and highways ministry?s proposal to provide a package of i
Read MoreGovernment plans first startup district with incubators
India will soon have its first startup district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of i
Read MoreWelspun India to invest $3 mn on promotion of Egyptian cotton
After a one-time hit of Rs 501 crore on its balance sheet, home textile major Welspun India has initiated damage control measures to regain the credib
Read MoreCairn India third quarter net jumps 15-fold to Rs 604 crore
Hydrocarbons major Cairn India on Thursday posted a 15-fold jump in consolidated net profit for the third quarter ending December at Rs 604 crore, as
Read MoreFMCG growth tanks in Nov-Dec
The ban on high-value notes announced by the government on November 8, 2016, took a heavy toll on fast-moving consumer goods (FMCG) companies in the D
Read MoreCopper market braces for higher prices on strike, rising demand
The copper market is bracing for higher prices as a strike at the worlds biggest mine further threatens supply before an expected increase in Chinese
Read MoreCarTrade raises $55 mn to drive growth in online automobile classifieds
CarTrade, the online automobile classifieds platform, has said it has raised $55 million (Rs 369 crore) led by Temasek, an investment company based in
Read MoreBritish MPs open doors for May to trigger Brexit
The British government is on track to trigger Brexit by the end of March, after the legislation authorising the government to start negotiations passe
Read MoreGovt allocates Rs 200 cr for reimbursement of MDR charges
Government has earmarked Rs 200 crore for 2017-18 towards reimbursement of MDR charges on payments of government dues of up to Rs 1 lakh by debit card
Read MoreCoca-Cola forecasts drop in 2017 profit amid refranchising
Coca-Cola Co (N:KO) forecast a surprise drop in full-year profit as costs related to re franchising its U.S. bottling operations are expected to be hi
Read MoreU.S. jobless claims near 43-year low; wholesale inventories surge
The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, amid a further tightening of the labor mar
Read MorePower Grid Q3 profit seen up 21%, capex & capitalisation key
State-run power transmission utility Power Grid Corporation of India 's third quarter profit is seen rising 21 percent year-on-year to Rs 1,960 cror
Read MoreSAIL Q3 net loss narrows to Rs 795 cr
State-owned Steel Authority of India's net loss for the quarter ended December 31, 2016 narrowed to Rs 795 crore as higher production resulted in grea
Read MoreLupin Q3 net up 20.68% at Rs 633.1 cr
Pharmaceutical firm Lupin Ltd today reported 20.68 per cent increase in consolidated net profit at Rs 633.1 crore for the third quarter ended December
Read MoreIndia will be world?s fastest growing economy in next 5 yrs: US think tank
India will be the world?s fastest growing economy during the next five years, a top US intelligence think tank has said while underlining that Pakista
Read MoreChandigarh set to be India?s first city to have conclusive land titling system
The country is finally making some headway in resolving the vexed issue of absence of clear land titles, something that has precipitated a mass of lit
Read MoreMumbai property sales drop to 6-year low on demonetisation impact
Property sales in Mumbai hit a six-year low in December on the continuing impact of demonetisation, reports Shubhra Tandon in Mumbai.Data sourced from
Read MoreTata Steel agrees to sell UK speciality steel business to Liberty House
Tata Steel has signed a definitive agreement to sell its UK specialty steels business to Liberty House Group for ?100 million (Rs838 crore), as talks
Read MoreEPFO set to hike stock market exposure to 15%
Enthused by better returns from its investment in the equity exchange traded funds (ETFs), the Employees? Provident Fund Organisation (EPFO) is set to
Read MoreRBI monetary policy 2017: No-change decision makes bond yields hit 4-mth high
With investors in the bond market yet to recover from the shock of the Reserve Bank of India?s hawkish turn, the yield on the benchmark rose to a four
Read MoreBank of England sees inflation spreading beyond food and fuel
The Bank of England says price rises already seen in food and fuel will spread to other goods later this year. In a monthly report of business conditi
Read MoreTrump envoy says Greece is now more likely to leave the euro
Donald Trump?s administration has put itself on a fresh collision course with the European Union after the president?s candidate to be ambassador in B
Read MoreHavells India enters personal grooming segment
In a bid to strengthen its consumer products portfolio, Havells India, has entered the personal grooming segment. The company aims to capture 25 per c
Read MoreCognizant Q4 net dips 1.8%
US-based IT major Cognizant today posted a 1.8 percent fall in net profit at USD 416 million for the December quarter, while its board okayed a plan t
Read MoreCipla's Q3 net profit jumps by 44% to Rs 375 cr
Homegrown pharma major Cipla Ltd on Wednesday reported 44 per cent jump in consolidated net profit at Rs 375 crore for the third quarter ended Decembe
Read MoreMonetary Policy Committee Meeting: Rates unchanged; stance shifts from ?accommodative? to ?neutral?
The Reserve Bank of India (RBI) kept its key policy rate ? the repo rate ? unchanged at 6.25 per cent on Wednesday citing global uncertainties and the
Read MoreDespite slowdown, steel firms put up stellar performance
Steel companies, led by JSW Steel and Tata Steel, have put up a stellar showing despite demonetisation and tepid domestic demand. Price increases for
Read MoreRailways launches Rs 1 lakh-cr station redevelopment programme
The ministry of railways today launched the first phase of station redevelopment programme covering commercial development of 23 stations across the c
Read MoreHonda now looks to drive two-wheeler exports from India
Japanese automobile major Honda wants to turn India, the world?s biggest two-wheeler market, into an export hub. Exports from Honda Motorcycle & Sco
Read MoreDigital wave sweeping car industry
Autonomous driving, electric cars and ride-hailing apps like Ola, Uber are reshaping transportation One of the first things Ole Harms did after taking
Read MoreForeign direct investment zooms 60% to $4.68 billion in November
With the government taking steps to improve ease of doing business and relax regulations, foreign direct investment into the country surged by 60 per
Read MoreBirla Corp invests Rs 100 cr in Reliance Cement
M P Birla Group company Birla Corporation Limited on Wednesday said it has invested Rs.100 crore in Reliance Cement Company Private Limited (RCCPL) du
Read MoreUnion Bank Q3 net profit jumps 32% to Rs 104 cr
Public-sector Union Bank of India today reported a 32.4 per cent jump in net profit at Rs 104 crore for third quarter ended December 31, 2016, on heal
Read MoreTesla may enter India this summer: Elon Musk
Electric car maker Tesla Inc. is likely to introduce its products in India sometime in the summer of 2017, its chief executive Elon Musk said on Wedne
Read MoreSoftBank profit jumps as Sprint trims loss; readying launch of $100 bln fund
Japan's SoftBank Group Corp reported a better-than-expected 71 percent rise in third-quarter operating profit due to shrinking losses at U.S. unit Spr
Read MoreLegislation introduced to cut legal immigrants to US by half
Two top US senators have proposed a legislation to cut the number of legal immigrants to the US by half within a decade, a move that could adversely h
Read MoreJapan's 2016 current account surplus biggest in 9 years
Japan's current account surplus rose to a nine-year high of 20.65 trillion yen ($183.66 billion) in 2016, up 25.8 percent from the previous year, as l
Read MoreInvestors book profit in gold ETF,withdraw Rs 649cr in Apr-Jan
Gold exchange-traded funds (ETFs) saw a net outflow of Rs 35 crore in January, taking the total to Rs 649 crore in the first 10 months of the current
Read MoreRupee zooms to nearly 3-month high, gains 22 paise
Reversing Tuesday's plunge, the rupee on Wednesday staged a smart comeback to end at a nearly 3-month high of 67.19 against the US currency, surging b
Read MoreRBI repo rate unchanged, here is what investors may turn to
The Reserve Bank of India (RBI), in its sixth bi-monthly policy, kept the key rates unchanged on Wednesday.However, fund managers expect that investor
Read MoreNPA norms to keep exerting pressure on banks' profit
Reserve Bank guidelines on providing adequate provisioning to cover bad loans would continue to put pressure on banks' profitability for some time, ev
Read MoreReliance Power Q3 net up 15% on operational efficiency
Reliance Power?s net profit for the quarter ended December rose 15% year-on-year to R276 crore on improved operating performance and higher sales. Tot
Read MoreCity Union Bank Q3 net profit up 12% at Rs 127 cr
New Delhi, Feb 8 (PTI) City Union Bank today registered a 12 per cent rise in net profit at Rs 126.62 crore for third quarter ended December 31, 2016,
Read MoreSoftBank lost $350 million from investment in Snapdeal, Ola in 2016
Japanese telecom and internet giant SoftBank has recognised a loss of $350 million from its investments in two marquee firms in India ? Snapdeal and O
Read MoreKerala annual plan for 2017-18 pegged at Rs 26,500 crore
Kerala cabinet today approved the annual plan outlay of Rs 26,500 crore for 2017-18, which is Rs 2500 crore more than the current fiscal.The total pla
Read MoreFDI in manufacturing sector up 82% in Apr-Nov period: Nirmala Sitharaman
The government on Wednesday said the manufacturing sector has received FDI equity inflow worth $16.13 billion during April-November period of this fin
Read MoreAround 2,100 fresh FPIs registered in April-November FY17
Nearly 2,100 new foreign portfolio investors (FPIs) have registered with capital markets watchdog Securities and Exchange Board of India (Sebi) in Apr
Read MoreDemonetisation hits Punjab National Bank, loans worth Rs 10,000 cr turn ?special?
Loans worth between R8,000 crore and R10,000 crore that were being serviced regularly have turned into special mention accounts 2(SMA2)?loans on which
Read MoreNo limit on cash withdrawal from March 13: RBI
In a welcome move,the Reserve Bank of India on Wednesday decided to phase out weekly limit on cash withdrawal from savings accounts in two stages, sta
Read MoreRBI monetary policy 2017: Hawkish turn surprises markets; loans may not turn cheaper
The Reserve Bank of India?s (RBI) somewhat surprising change in monetary stance signals a halt to the rate-cutting cycle and suggests loans may not ge
Read MoreJapan logs biggest current account surplus since 2007
Japan attained its second-biggest current account surplus on record in 2016, Ministry of Finance data showed on Wednesday, just days before the US and
Read MoreTax burden to be highest in 30 years, says think tank
Tax is set to rise as a share of the UK's income to its highest level since 1986, according to a think tank.
Read MoreFDI in manufacturing sector up 82 per cent in Apr-Nov period: Nirmala Sitharaman
The government today said the manufacturing sector has received FDI equity inflow worth USD 16.13 billion during April-November period of this financi
Read More3.2 per cent fiscal deficit target realistic; revenues to improve: Shaktikanta Das
Rejecting arguments that fiscal deficit target of 3.2 per cent is optimistic, Economic Affairs Secretary Shaktikanta Das said it is realistic and ther
Read More143 SEZ developers get more time for projects: Nirmala Sitharaman
During the last three years and the current fiscal up to January, the Commerce Ministry has granted more time to as many as 143 developers of SEZ (spe
Read MoreTata Steel turns profitable after five quarters
After a gap of five quarters, Tata Steel reported a consolidated net profit for the December 2016 quarter at Rs 232 crore against loss of Rs 2,748 cro
Read MoreAir India expected to post improved profit for 2016-17: Government
Having reported an operating profit of Rs 105 crore for 2015-16 fiscal, Air India is expected to post an improved operating profit margin this year as
Read MoreGM net profits fall slightly but company still makes $9.4B
General Motors' net profit fell just under 3 percent last year but the company still made a $9.4 billion on the back of its U.S. money machine.
Read MoreHonda, Hitachi Automotive say to form EV motor joint venture
Honda Motor Co Ltd and Hitachi Ltd's automotive unit said on Tuesday they would form a joint venture to develop, produce and sell motors for electric
Read MoreU.S. Trade Gap Widens in 2016 as Exports, Imports Both Shrink
The U.S. trade deficit widened last year to the biggest since 2012 as exports fell more than imports, though a narrowing gap in December suggests dema
Read MoreChina Jan FX reserves fall more than expected to $2.998 trillion, near 6-year low
China's foreign exchange reserves unexpectedly fell below the closely watched $3 trillion level in January for the first time in nearly six years.
Read MoreMutual funds asset hit all-time high of Rs17.37 lakh crore in January
Mutual fund industry's asset base rose to all-time high of Rs 17.37 lakh crore at the end of January primarily on account of strong inflows in equity,
Read MoreHDFC Bank, KMB go live with Bharat Bill Payment System
Private sector lenders HDFC BankBSE -0.05 % and Kotak Mahindra BankBSE -0.82 % today said they are live with the Bharat Bill Payment System (BBPS) tha
Read MorePNB Q3 net profit jumps four-fold to Rs 207 crore
Public sector lender Punjab National Bank (PNB) on Tuesday reported that its net profit quadrupled on a year-on-year (y-o-y) basis to R207 crore in th
Read MoreRamco Cements Q3 net up 28%; plans R180-cr buyback
Buoyed by a sharp rise in sale volume, Ramco Cements has reported a sharp rise in its net profit for the quarter ended December.
Read MoreBHEL posts Rs 93 cr net profit in Q3; announces 40% interim dividend
State-run engineering major BHEL today posted a net profit of Rs. 93.54 crore for the quarter ended on December 31,2016, on the back of higher income
Read MoreCar sales in April-Dec up 23%; Maruti Suzuki Ciaz eats into Honda, Hyundai markets in India
Maruti Suzuki has finally managed to trump it nearest competitors -Honda and Hyundai- in the mid size sedan segment with Ciaz, after the offering mana
Read MoreMRPL Q3 net profit jumps 92% to Rs 566 crore
Mangalore Refinery and Petrochemicals Ltd (MRPL) today reported a 92 per cent jump in its third quarter net profit on the back of higher refining ma
Read MoreCBDT signs four ?Advance Pricing Agreements? today
The Central Board of Direct Taxes (CBDT) on Tuesday announced signing of four more unilateral Advance Pricing Agreements (APAs) on 6th February, 2017.
Read MoreIndia 5th best performing market globally
After under-performing the MSCI World Index for two consecutive years in US dollar terms, the Sensex has so far this year outperformed the global benc
Read MoreLabour reforms: How Narendra Modi govt is looking to empower companies with up to 300 workers
The Modi government is fast-tracking the legislative part of labour reforms, long held up due to political reasons. Even though it hasn?t yet got the
Read MoreCAs, merchant bankers face fine if assessees file wrong tax info
From April 1, chartered accountants (CAs), merchant bankers and valuers can't escape responsibility for filing of incorrect information in certificate
Read MoreBanks may not respond to RBI rate cut, if any
After having effected a sharp cut in marginal cost-based lending rates (MCLR) in January, banks are unlikely to go a further rate reduction even if th
Read MoreShipping faces rough seas ahead
Fortunes of the global shipping industry, and in turn of shipbuilders, have a strong correlation with how well or badly the world economy fares. The f
Read MoreUS DEPENDENCE ON FOREIGN WORKERS
Tech companies, which depend on foreign guest workers for workforce, according to the US Labor Department, will be left vulnerable if the Trump admini
Read MoreCapex spend remains stagnant as % of GDP
Finance Minister Arun Jaitley announced in his 2017-18 Budget speech last week a 25 per cent increase in the government?s capital expenditure over the
Read MoreUS Crude stockpiles pull down oil prices in New York
Oil fell in New York after the biggest drop in more than two weeks, on estimates that crude stockpiles continued to build up in the US. Futures slippe
Read MorePost Budget trend sets tone for 2017
Is there a link between how markets react to Budget in the short term and how bourses fair by the end of the year? Going by data available since 2008,
Read MoreVodafone-Idea merger to create 80,000-cr revenue firm:Ind-Ra
The proposed merger of telecom operators Vodafone and Idea Cellular will create an entity with revenue of around 80,000 crore and the move will be cre
Read MoreAmazon spends top dollar to win prime spot in digital content race
Amazon?s video streaming service has so far committed at least Rs 500 crore to creating original content in India, outspending its top domestic rivals
Read MoreGovt Sets 15,000-km Target for Building Highways in 2017-18
The government has set a target of constructing 15,000 km of highways in the next financial year, 50% more than in the current fiscal. The roads minis
Read MoreCargill Foods India Gears up to Battle Counterfeiting
Cargill Foods India, a leading FMCG company has decided to fight against one of the major scenarios in India ? Counterfeit Products. Addressing the im
Read MoreUK retail sales slow in January
It found sales had inched up 0.1% year-on-year, a big slowdown from the 1.7% increase in December and the weakest performance since last August.The ch
Read MoreRBI may cut rate by 0.25% in policy review: ICRA
Reserve Bank is expected to slash repo rate by 0.25 per cent at its policy review on Wednesday, followed by an extended pause, ICRA said today.The rat
Read MoreOptiemus to manufacture Blackberry mobiles for India & neighbouring markets
Blackberry Ltd has signed an exclusive licensing agreement with Optiemus Infracom Limited for production of Blackberry-branded android mobile handsets
Read MoreStates collect Rs 31,000 crore construction cess, spend Rs 6,800 crore
States have spent Rs 6,866 crore out of Rs 31,694 crore collected as construction cess till December 20, 2016, Parliament was informed today."The cumu
Read MoreTube Investments to invest Rs 77 crore to set up tubes manufacturing unit in Punjab
Tube Investments of India is reportedly planning to spend Rs 77 crore for setting up a new precision tubes manufacturing unit at Rajpura in Punjab. Un
Read MorePublic sector does the rescue act
Troubled public-sector assets now have a new saviour: other cash-rich public sector undertakings. With state-owned companies, this seems to be the cho
Read MoreHallmarking restrictions push gold biz to informal sector
Around half the jewellery hallmarking business has shifted to the non-hallmarking segment, which is mostly controlled by unorganised sector players, d
Read MoreOil steadies near $57 on ample US supply
Oil steadied near $57 barrel on Monday as the Organization of the Petroleum Exporting Countries? (Opec) supply cuts and rising tensions between the US
Read MoreJubilant Food's profit plunges 32% in Q3
Hit by demonetisation and growing material costs, Jubilant FoodWorks? net profit plunged 31.7% year-on-year to Rs 20 crore in the quarter ended 31 Dec
Read MoreAfter Budget incentives, Oberoi Realty & Lodha to enter affordable housing
Some of the biggest names in real estate such as Oberoi Realty, Lodha and the Prestige group are looking at entering the affordable housing segment, a
Read MoreSMEs to pay 25% tax even if Rs 50-crore limit crossed in FY17: CBDT
While companies that had up to Rs 50 crore of turnover in 2015-16 will be taxed at the reduced rate of 25% in 2017-18, even if they crossed the thresh
Read MorePMUY may cross 20-mn mark this financial year
Clean energy seems to be the buzzword for Dharmendra Pradhan?s ministry of petroleum. Its flagship social sector programme, Pradhan Mantri Ujjwala Yoj
Read MoreProspects brighten for FMCG in Q4
The third quarter (Q3) of the current financial year could be the last of the worst for consumer firms as the demonetisation effect slowly wears off a
Read MoreCesses set to go with GST, see increase in Budget
The National Democratic Alliance government plans to shift to the goods and service tax (GST) regime on July 1. In the new indirect tax architecture,
Read MoreDigital payment volumes down 10%: RBI data
Digital payments were 10.2 per cent lower by volume and 7 per cent lower by value in January 2017 against December 2016, according to representative d
Read MoreChina protests U.S. sanction list on Iran that hits Chinese firms
China on Monday said it had "lodged representations" with the United States over Washington's new sanctions list targeting Iran, which includes Chines
Read MoreSamsung to disband corporate strategy office after graft probe ends
Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up a p
Read MoreChina services sector extends strong growth in Jan but pace eases
Growth in China's services sector remained robust in January as companies reported a solid increase in orders, though the pace of expansion eased from
Read MoreToyota raises full-year profit outlook on weaker yen, cost cutting
Toyota Motor Corp on Monday raised its full-year profit forecast by 9.7% as the world?s No. 2 automaker expects a bigger reprieve from a weakening yen
Read MoreGerman industry orders rise at strongest pace in 2-1/2 years
Higher demand for capital goods at home and abroad drove the biggest monthly increase in German industrial orders in around 2-1/2 years in December, d
Read MoreDelay in filing Income Tax returns will now attract fine upto Rs 10,000
The Budget has proposed imposing a fine for not filing income tax returns within the due date. For income below R5 lakh, filing returns after July wil
Read MoreMutual funds invest Rs 5,234 cr in stocks in January
Mutual fund managers purchased stocks worth Rs 5,234 crore on net basis in January -- making it the sixth straight monthly inflow -- after retail inve
Read MoreForeign portfolio investors turn sellers, offload equities worth $60 million
Foreign portfolio investors (FPIs) who were buyers for three consecutive sessions starting February 1, buying $371.11 million worth of stocks and bond
Read MoreIDBI Bank, YES Bank cut marginal cost of funds-based lending rates
State-owned lender IDBI Bank and its private sector peer YES Bank have reduced their marginal cost of funds-based lending rates (MCLR). The new rates
Read MoreMajor banks cut lending rates by 60-115 bps since June
Leading banks have lowered their incremental lending rates by between 60 and 115 basis points (bps) since June, even as the Reserve Bank of India (RBI
Read MoreIndian online food delivery grows by 150% in volumes in 2016
The online food delivery business in India grew by 150% year-on-year (YoY) in terms of order volumes in 2016 with an estimated gross merchandising val
Read MoreEssar Shipping set to buy four second-hand Panamax vessels
Essar Shipping, India?s second largest private shipping company, is in process of buying 4 second-hand Panamax vessels at an estimated cost of R200 cr
Read MoreQatar Holding to invest $250 million in ArthVeda Fund for low, mid-income housing in India
Qatar Investment Authority?s subsidiary Qatar Holding has committed to invest $250 million in Mumbai-based ArthVeda Fund Management?s affordable low a
Read MoreI-T may relax norms for search operations if compliance improves
The income tax department could relax laws dealing with search and survey if tax compliance improved in future, the chairman of Central Board of Direc
Read MoreSolar installation crosses 1 Giga Watt in Guj, Raj, TN
Gujarat, Rajasthan and Tamil Nadu have crossed 1 Giga Watt (GW) in solar power installations while Andhra Pradesh, Telangana and Madhya Pradesh are cl
Read MoreIndia, Austria amend double taxation avoidance convention
India and Austria on Monday signed a protocol amending the existing convention between the two countries for avoidance of double taxation. ?India and
Read MoreApple To Set Up 'Pilot Project' Near Bengaluru Initially
The Karnataka government?s excessive elation over Apple Inc setting up a manufacturing base in Bengaluru to make iPhones may have been a bit premature
Read MoreToyota, Suzuki explore global tie-up with India in sight
India could be at the heart of the latest realignment in the global automobile industry as Japanese car makers Toyota Motor Corp. and Suzuki Motor Cor
Read MoreGovernmentt set to impose anti-dumping duty on at least 124 steel products
Having pulled out the last 19 steel products from the purview of WTO non-compatible minimum import price (MIP), initially imposed on 173 products in F
Read MoreTata Sons removes Cyrus Mistry from board of directors
Shareholders of Tata Sons, in an extraordinary general meeting (EGM) on Monday afternoon, voted to remove former chairman Cyrus Mistry as director of
Read MoreNotification No.RBI/2016-17/223
Auction of Government of India Dated Securities
Read MoreAs Trump Weighs Thaw With Putin, EU Set to Renew Its Blacklist
The European Union plans to renew asset freezes and travel bans against key allies of Russian President Vladimir Putin who are accused of destabilizin
Read MoreChinese firms on US sanctions list say only exported 'normal' goods
Executives of two Chinese companies included on a new US sanctions list targeting Iran said on Sunday they had only exported "normal" goods to the Mid
Read MoreUS appeals court denies request to restore Trump's immigration ban
A U.S. appeal court late on Saturday denied a request from the U.S. Department of Justice to immediately restore an immigration order from President D
Read MoreShare of spend in government expenditure, GDP on education falling for 3 years
Spending on education as a share of the central government's total budgeted expenditure has been falling for the past three years. Compared to 2013-14
Read MoreStates collect Rs 31K crore construction cess, spend Rs 6.8K crore
States have spent Rs 6,866 crore out of Rs 31,694 crore collected as construction cess till December 20, 2016, Parliament was informed today."The cumu
Read MoreGovt to issue exemption list on new tax for unlisted firms
Government will come out with an "exhaustive list" of transactions on which the "anti-abuse" provision of levying long-term capital gains tax on share
Read MoreMFIs on consolidation path
While microfinance institutions (MFI) are yet to tide over the impact of the currency demonetisation, intense competition and reports of over-borrowin
Read MoreIndian advertising market grows at an estimated 15.5 % in 2016
India is one of the fastest growing advertising markets globally with an estimated growth of 15.5 per cent in 2016, driven by a large consumer base an
Read MoreDebt funds remain good bets
Investors in debt mutual funds (MFs) have been a happy lot with the segment having outperformed equities for two straight years. While the benchmark
Read MoreTaxing times for the rich
In the 2013-14 Union Budget, the then finance minister P Chidambaram, for the first time, coined and defined India?s super rich ? a person with an inc
Read MoreWhite house in focus: GOP hurries to slash oil and gas rules
The document carried the title ?A Roadmap to Repeal,? a concise list of Obama administration environmental regulations that a Koch brothers-backed gro
Read MorePiramal in JV talks with CDPQ arm for realty PE fund
After announcing its plans for housing loans and small and medium enterprise finance, the Ajay Piramal-controlled financial services arm, Piramal Fina
Read MoreBlackstone to buy $250-mn stake in Raheja rental arm
In a move that further strengthens its position in office properties, private equity giant Blackstone is set to buy a 15 per cent stake in the office
Read MoreAlibaba-backed Paytm to shop for logistics firm next
Soon after Chinese e-commerce major Alibaba announces its initial funding, estimated at around $200 million, in the Vijay Shekhar-led Paytm?s online m
Read MorePenalty for those accepting cash above Rs 3 lakh: Hasmukh Adhia
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of Rs 3 lakh, beginning April 1, to settle any tran
Read MoreRupee May Breach 70 to a Dollar, But Beat EM Peers
The rupee may weaken beyond ? 70 to the US dollar by the end of the year, but outperform other emerging market currencies as India remains the best st
Read MoreVodafone deal may require Birlas to pump Rs 25,150 crore into Idea Cellular
The Aditya Birla Group needs to pump in cash to raise its stake in Idea Cellular or the combined entity to have equal rights in a telecom joint ventur
Read MoreNagarjuna Agrichem targets Rs.1,000-cr turnover next year
Nagarjuna Agrichem is targeting an annual turnover of ?1,000 crore in the next financial year. The firm, which registered a turnover of ?774 crore dur
Read MoreDr. Reddy's Q3 profit down 19 percent as sales of generic drugs in US drop
Dr. Reddy's Laboratories announced that third-quarter profit fell 19 percent year-over-year to 4.7 billion rupees ($70 million), mainly due to a fall
Read MoreGovt slashes IREDA?s borrowing target for 2017-18
The government has lowered the estimated borrowing target of Indian Renewable Energy Development Agency (IREDA) ? the key lender to clean energy secto
Read MoreFPIs get back to buying mode, pump in Rs 2,300 cr in 3 days
After four months of selling frenzy, overseas investors turned net buyers in February and pumped in over Rs 2,300 crore in the capital market over the
Read MoreQuestions well up for crude oil
Going by his actions of the past fortnight, it?s all but apparent that Donald Trump?s regime in the US will have a big impact not only on internationa
Read MoreExpect a 25 bps rate cut this Wednesday
The Centre?s commitment to fiscal consolidation and to borrow less in the next fiscal, coupled with the lower retail inflation data in December may gi
Read MoreBudget 2017: Sectors that stand out
Investors initially seemed happy on Budget day, as evinced from the Sensex soaring 486 points at the end of the Budget session. But that was mainly be
Read MoreLondon Property Tempts Middle-East Buyers on Pound Brexit Slump
Brexit put the brakes on U.K. commercial property investment for most overseas buyers. For those from the Middle East, the subsequent slump in the pou
Read MorePlanet Labs Inks Deal for Google?s Satellite Business
Planet Labs Inc., a startup that launches small satellites into orbit and sells the imagery, is acquiring the Terra Bella satellite business of Alphab
Read MoreMFs file papers with Sebi for 12 new offerings so far in 2017
With mutual funds gaining traction among retail investors, asset management companies have filed draft offer documents with market regulator Sebi for
Read MoreAI steps up asset monetisation; to lease out space in Kolkata
After renting out most of the space in its erstwhile iconic tower Air India Building here, the national carrier has now started the process to lease o
Read MoreHemmed in by NPAs, poor demand, Exim Bank stares at muted year
Hit by increase in non-performing assets and subdued global demand, the national export finance institution Exim Bank is looking at a muted growth of
Read MoreHybrid model roads projects suffer financial commitment hit; NHAI cancels 2
Over a dozen road projects conceived under the hybrid annuity model are stuck for want of financial commitments while a couple have been cancelled by
Read MoreCapital infusion in PSU banks after Q3 numbers
Government will finalise the second and final tranche of capital infusion for public sector banks (PSBs) for 2016-17 once all of them have declared re
Read MoreNow, Apple also wants Centre to allow export of pre-owned iPhones
As part of its preconditions to make in India, US tech giant Apple has told the government it wants to use its manufacturing unit here (when it has on
Read MoreHDFC Bank increases cash transaction fees on savings a/cs
In a bid to discourage cash transactions, country's second largest private sector lender HDFC BankBSE 0.99 % has decided to steeply increase the fees
Read MoreBudget 2017 proposes capital gains tax on division of family trusts
A Budget proposal has forced two siblings to rethink their decision to split their real estate family business. The Mumbai-based brothers are worried
Read MoreChina Caixin manufacturing PMI for January falls to 51.0 from 51.9 in December, missing forecast for 51.8
The China Caixin manufacturing purchasing managers' index (PMI) for January slowed from December, missing a Reuters poll forecast, but continued to sh
Read MoreUK service sector growth 'slows'
Growth in the UK's dominant service sector slowed last month, according to a closely watched survey, while price pressures "remained intense".The Mark
Read MoreRBI to soon put new Rs 100 banknotes in circulation
The Reserve Bank will soon put into circulation new Rs 100 banknotes which will be similar to the design of the ones in Mahatma Gandhi Series-2005.The
Read MoreEconomy to grow more than 7% next fiscal: Shaktikanta Das
Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent n
Read MoreACC profit dives 46% on lower output, weak demand
ACC, an Holcim-owned cement company, has reported 46 per cent fall in December quarter net profit at ?56 crore (?102 crore) due to lower realisation a
Read MoreBank deposits slump by Rs.90,000 cr in fortnight ended January 20
After the spurt in deposits during the demonetisation period (November 8 to December 30), banks now seem to be witnessing a reversal.Bank deposits dec
Read MoreIndian Hotels Q3 net at Rs 93 cr
Tata Group hospitality firm Indian Hotels Co Ltd (IHCL) today reported consolidated net profit at Rs 92.98 crore for the third quarter ended December
Read MoreEuro zone businesses stay buoyant at start of 2017
Euro zone businesses started 2017 by increasing activity at the same multi-year record pace they set in December and faster growth in demand suggested
Read MoreGrowth in U.S. Services Industries Was Steady in January
America?s service industries expanded in January at about the same pace as in the previous month, indicating resilience in the biggest part of the eco
Read MoreSnapchat files for $3 billion IPO as era of secrecy ends
Snap Inc., the maker of the disappearing photo app Snapchat, filed publicly for an initial offering, the first US social-media company to do so since
Read MoreUnion Budget 2017 provides big boost to textiles sector; here?s why
Higher fund allocation for labour skilling and end-to-end logistics solutions, including rail and coastal shipping last-mile connectivity, will help t
Read MoreIndian gold demand drops 21% ion 2016 after demonetisation, PAN, excise duty took sheen off yellow metal
After a marginal expansion in 2015, Indian gold demand crashed 21% last year to 675.5 tonnes, worse than a 2% rise globally, showed the data released
Read MoreForex reserves up $782.7 mn to $361.557 bn
India's foreign exchange reserves rose by USD 782.7 million to USD 361.557 billion in the week to January 27, helped by increase in foreign currency a
Read MoreGross NPAs of PSBs at 9.83% in FY16; rises to 11.82% by September 2016
Bad loans of public sector banks stood at 9.83 per cent of gross advances in the previous financial year (FY), while that of private sector banks were
Read MoreChina raises short-term interest rates in fresh tightening signal
China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a furthe
Read MoreUnion Bank of India, Kotak Mahindra Bank cut MCLRs
State-owned Union Bank of India and private-sector lender Kotak Mahindra Bank have reduced their marginal cost of funds-based lending rates (MCLR), ef
Read MoreRBI may go for 25 bps repo rate cut next week: Deutsche Bank
The Reserve Bank is likely to go for a 25 basis point cut in interest rate in its monetary policy review meet next week amid muted inflation, a "prude
Read MoreNon-food credit grows 5.18%, deposits with banks rise too
Non-food credit grew 5.18% on a year-on-year (y-o-y) basis to Rs 73.13 lakh crore for the fortnight ended January 20, according Reserve Bank of India
Read MoreBIG BOOST TO RURAL INDIA
The 2016-17 Union Budget, with its emphasis on the agricultural sector, had effectively dented Congress vice president Rahul Gandhi's accusation that
Read MoreMRF Q3 net profit down 31% at Rs 288 cr
Tyre major MRF Ltd on Friday posted 30.68% fall in standalone net profit at Rs 288.08 crore for the quarter ended December 31, 2016, due to higher exp
Read MoreAmazon India bullish despite growth hiccup by segment in 2016
E-commerce giant Amazon remains bullish on Indian e-commerce market for the long term and will continue to introduce new features for the customers, s
Read MoreJet Airways Q3 net profit falls 69% at Rs 142 crore
The country?s largest private sector carrier, Jet Airways, on Friday reported 69.52% y-o-y decrease in its standalone net profit at Rs 142.38 crore du
Read MoreNitin Gadkari retains highway construction target at 41 km/day despite logging 17 km/day till December
Even as the pace of highway construction at 17 km per day till December this fiscal remains a far cry from the 41 km-per-day goal set by his ministry,
Read MoreThe govt has revised 40 tax treaties for information
India has revised 40 treaties for avoidance of double taxation so that the information exchanged with partner nations on tax matters can also be util
Read MoreJanuary services PMI contracts for 3rd month, but relief on the way
India?s services languished, with new business orders falling for the third straight month, amid muted inflationary pressure that could offer RBI much
Read MoreJindal in Talks to Sell Power Plant for Over $1.5 Billion
Jindal Steel & Power Ltd., seeking to cut debt after eight straight quarters of losses, is in talks with companies including billionaire Gautam Adani?
Read MoreApple Inc to start manufacturing Made in India iPhones in Bengaluru starting April: Karnataka Govt
iPhone maker Apple Inc will commence smartphone production at its upcoming factory in Bengaluru by end of April or early May. The Karnataka government
Read MoreHas Cyrus Mistry lost the war against Ratan Tata for control of Tata Sons
In a major setback for Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday dismissed his petition seeking a direction to Tata
Read MoreGST could lead to 25% price hike for smartphones
Consumers may have to spend more for smartphones from the next financial year as the additional duty proposed in the Budget will lead to price hikes.
Read MoreTo boost Skill India Mission, Govt sets aside Rs 17,000 crore in Budget
The government has set aside over Rs 17,000 crore for skilling, employment generation and providing livelihood to millions of youth who enter the work
Read MoreAlibaba Marks India Entry with Paytm Topup
Alibaba, the world's largest ecommerce company , is leading an investment round of between `1,350 crore and `1,700 crore in the online retail marketpl
Read MoreMarket Mavens Forecast a Nifty Climb to Mount 9K
Investors' confidence in the stock market has been reinforced after the Budget, but a bumpy road awaits them amid uncertainty over cor porate earnings
Read MoreBank of England Revises up UK Growth Forecasts
The Bank of England revised up its economic growth forecasts for the British economy for the coming three years, crediting much of the improvement to
Read MoreAshok Leyland sets up assembly plant in Bangladesh
As part of its plan to see that its exports and overseas operations contribute one third to its total revenue, Ashok Leyland (ALL) has announced the o
Read MoreEU set to approve ChemChina's $43 billion bid for Syngenta
EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta (SYNN.S), the largest foreign acquisition by a Chinese com
Read MoreU.S. jobless claims fall; productivity slows in Q4
The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should
Read MoreWorld food prices hit near two-year high in January
World food prices rose to a near two-year high in January and look set to be higher and more volatile in 2017, the United Nations food agency said on
Read MoreNabard?s Rs 8k-cr infrastructure development fund to boost financing of milk processing capacities
The creation of the Rs 8,000-crore fund for dairy processing and infrastructure development by National Bank for Agriculture and Rural Development (Na
Read MoreOil PSUs? merger may cut prices of petroleum products by 5%
While prices of oil stocks climbed up as union finance minister Arun Jaitley in Budget announced creation of a single oil & gas company through merger
Read MoreSEBI proposes steps to boost liquidity in corporate bonds
Markets regulator SEBI today proposed a mechanism for consolidation in corporate bonds for private placement of debt securities and enhancing liquidit
Read More25bps repo rate cut more likely in Apr than Feb: Citigroup
The government?s commitment to fiscal consolidation in the Budget will help the Reserve Bank adopt an accommodative monetary stance, but a rate cut is
Read More50-75 bps cut in bank lending rates likely by Sep: BofAML
Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September to offset the impact of demonetisation in the seco
Read MoreBank credit to industry shrinks for 3rd straight month to Rs 25.79 lakh cr
Bank credit to the industry contracted on a year-on-year (y-o-y) basis in December for the third straight month, falling 4.3% to Rs 25.79 lakh crore.D
Read MoreDemonetisation: Not car sales, but bike sales hit by note ban
Car sales have not been hit by demonetisation but motorcycle sales have been impacted, especially the entry-level models which have a stronger tractio
Read MoreUnion Budget 2017 looks to limit sops; move may impact Schneider Electric, Mukand hard
A new provision in the Union Budget for 2017-18 that seeks to limit the amount of interest that is tax deductible, if paid to an associate company, co
Read MoreGAAR, POEM to come into effect from April 1: Government
Rules for anti-tax avoidance and place of effective management are "here to stay" and will be implemented from April 1, the government today said emph
Read MoreBudget aims at fiscal improvement: S&P
Union Budget 2017-18 shows India's commitment to improve fiscal performance but heavy debt burden and weak public finances remain key rating constrain
Read MoreGDP growth likely at 7.1% in 2017-18: HSBC
India is expected to clock GDP growth of 7.1 per cent in 2017?18 as the country gets sufficiently remonetised and the schemes in the Budget play a sup
Read MoreUnion Budget 2017 withdraws LTCG, promoters miffed for having to pay while selling shares in own businesses
While the government is looking to ensure that individuals pay at least some tax ? either securities transaction tax or capital gains tax ? when they
Read MoreUK clears first hurdle in Brexit process
The British government looks set to comfortably meet its plans of triggering Brexit negotiations by next month-end, after winning a clear majority in
Read MoreBudget keeps a tight leash on capital allocation
The Budget was being keenly watched for what it would say on the issue of fiscal deficit and whether the government would stick to the path of consoli
Read MoreNokia Q4 profit down 27%
Finnish network equipment maker Nokia reported on Thursday a better-than-expected quarterly profit. Fourth-quarter group earnings before interest and
Read MoreManufacturing PMI up at 50.4 in Jan
Manufacturing sector activity rebounded in January and registered positive growth after contracting in December due to demonetisation, according to a
Read MoreSona Group to invest Rs.400 cr in forgings biz
Auto component manufacturer Sona BLW Precision Forgings Ltd on Thursday said it would invest ?300-400 crore in the next three to five years on capacit
Read MoreBudget move on transfer pricing
India has taken the next big step in its transfer pricing framework with the Budget ushering in the concept of ?secondary adjustments?.The move, which
Read MoreGold Hits 11-Week High
Gold climbed to the highest level in 11 weeks on Thursday on political uncertainty in the U.S but gave up some of its gains in Asia today as investors
Read MoreNotification No.09/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
Read MoreNotification No.RBI/2016-17/222
Basel III Capital Regulations- Additional Tier 1 Capital
Read MoreNotification No.RBI/2016-17/221
Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market
Read MoreNotification No.RBI/2016-17/220
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under
Read MoreNotification No.RBI/2016-17/219
Review of Guidelines on ?Pricing of Credit?
Read MoreNotification No.RBI/2016-17/218
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/217
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Read MoreTata Motors revamps strategy to regain market share
Home-grown automaker Tata Motors is revamping its product strategy for the passenger car segment to safeguard itself from competition coming from tech
Read MoreAll I-T returns must be filed by March-end of assessment year
With a view to expedite tax assessments, the revenue department proposes to make it mandatory for tax payers to file I-T returns as well as revised re
Read MoreGovt counts on mergers and IPOs
The Narendra Modi government might count on a massive consolidation spree among state-owned companies and listing of profit-making firms to meet the d
Read MoreFMCG expects demand recovery in FY18
Consumer goods companies in the country are hoping to witness the much anticipated spurt in demand once initiatives announced in the Union Budget for
Read MorePrivate trusts to take dividend hit
Promoters of India Inc, who have been earning tax-free dividend income by holding shares in companies through private or family trusts, will take a 10
Read MoreBanks can use statutory reserves for AT1 bond coupon payment
The Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional tier-I bonds, subject to certain riders.?
Read MoreNRIs can now access exchanges for hedging
The Reserve Bank of India (RBI) on Thursday allowed non-resident Indians (NRIs) access to the exchange traded currency derivatives (ETCD) market, whic
Read MoreNorms on commercial paper issuance eased
The Reserve Bank of India (RBI) on Thursday proposed to ease rules around issuance of commercial papers (CP), and allowed buybacks of these papers eve
Read MoreGovt to arm agencies to freeze assets of economic offenders
The government is planning to give more teeth to central investigation agencies and bankers under a proposed new rule, which will allow them to ?confi
Read MoreTax axe on firms with foreign debt
To address the issue of thin capitalisation, the Budget has increased the tax burden on Indian companies which have low equity but have taken high deb
Read MoreBank of England sharply raises 2017 growth outlook
The Bank of England has made another dramatic rise in its growth forecast for this year.It expects the economy to grow 2% in 2017, up from a November
Read MoreFederal Reserve upbeat on US economy as it holds rates
The US central bank remained positive on the economy, as it kept interest rates on hold in its first meeting since President Donald Trump took office.
Read MoreNCLT clears way for Tata Sons to hold EGM on February 6
The National Company Law Tribunal (NCLT) adjourned the hearing of the petition filed by Cyrus Mistry?s family firms against Tata Sons for two weeks at
Read MoreReliance Jio tariffs in line with regulations: TRAI
Telecom regulator TRAI has said the tariff plans of Reliance Jio are in compliance with its regulations and the existing tariff orders. TRAI is expect
Read MoreMetro projects get enhanced allocation in budget; Delhi gets Rs 150 cr for expansion into NCR
Budget for 2017-18, which is a jump of nearly 14 percent over last year's allocation.Presenting the budget, Finance Minister Arun Jaitley said a new
Read MoreConsumption boost for corporate India
The Budget proposals tried to take some sting out of the demand hit that corporate India took after demonetisation. Proposals such as a higher allocat
Read MoreUber says it believes in the legality of its shared services
As the three days time given by Karnataka transport department to cab aggregators against offering share services coming to end, Uber today said that
Read MoreGodrej Properties Q3 net jumps over two-fold to Rs 77.2 cr; stock surges nearly 12%
Realty firm Godrej Properties Ltd today reported an over two-fold per cent jump in consolidated net profit at Rs 77.25 crore for the December quarter
Read MoreGo AWOL and Lose Your Assets
India may attach local properties of loan defaulters such as liquor baron Vijay Mallya and Winsome Diamonds? Jatin Mehta, industrialists who left the
Read MoreGovt proposes setting up of Payments Regulatory Board under RBI
The government, keen on promoting digital payments, will form a separate regulator for the payments industry to resolve disputes, ensure customer prot
Read MoreGovernment arms tax officers with sweeping powers for searches and surveys
The government has armed tax officers with sweeping powers to conduct searches and surveys, a move that?s made industry jittery, saying it could lead
Read More'TDS cut for BPOs to improve working capital availability'
The proposed reduction in TDS on payments to call centres to 2 per cent will help improve working capital available with BPO companies and potentially
Read MoreDividend tax shocker for family trusts
Promoters holding shares through private trusts will have to pay 10% tax on dividend income for more than `10 lakh. At present, as per Section 115BBDA
Read MoreWin Some, Lose Some for Property Owners
It?s a mixed bag for homeowners. While there is relief on capital gains taxation, some benefits claimed by those with second homes have been taken awa
Read MoreTax rates slashed for small taxpayers
The Budget has rewarded honest taxpayers with lower tax rates and tax rebates. The tax rate for those earning up to Rs 5 lakh has been reduced from 10
Read MoreWelcome move on Masala bonds
To ensure that foreign investors continue to invest in external commercial borrowings, bonds, including rupee denominated (masala) bonds and governmen
Read MoreFIPB to be abolished; further easing in FDI policy planned
The Foreign Investment Promotion Board (FIPB), which vets and approves foreign direct investment (FDI) proposals not cleared through the automatic rou
Read MoreArun Jaitley gives more relief to start-up, extends tax holiday
The 4,700-odd start-ups in the country can now look forward to the benefit of certain tax sops with the Centre extending the profit-linked deduction f
Read MoreArun Jaitley provides for assured pension for senior citizens, offers 8% assured returns via LIC scheme
CONTINUING ITS focus on social security, the Union Budget announced an assured pension scheme for senior citizens. Last week, the Cabinet had given it
Read MoreBonds end flat after fiscal deficit target, net borrowing in line with expectations
Government BONDs rallied briefly in intraday trade on Wednesday before closing nearly flat, after finance minister Arun Jaitley budgeted for net marke
Read MoreListing, trading of security receipts add might to fight against loans
In a move that would aid recovery of bad loans, the government on Wednesday proposed listing and trading of security receipts (SRs) on stock exchanges
Read MoreArun Jaitley sets disinvestment target at Rs 72.5 k cr; 3 rail PSUs put on listing track
Despite missing the strategic disinvestment target of R20,500 crore by a big margin in FY17, finance minister Arun Jaitley on Wednesday announced that
Read MoreNational Housing Bank to refinance Rs 20,000 crore loans in FY18
The Union Minister for Finance and Corporate Affairs, Arun Jaitley said that affordable housing will now be given infrastructure status, which will en
Read MoreTen million houses for the poor living in kachcha homes
The government aims to complete 10 million houses for the homeless and those living in kachcha houses by 2019. It has allocated ~23,000 crore for the
Read MoreBy 2019, 50,000 gram panchayats to be poverty-free
With a focus on improving accountability, outcomes and convergence, the government will undertake a Mission Antyodaya to lift 10 million households ou
Read MoreRs 8,000-crore dairy processing fund to be set up: FM Jaitley
In a major boost for the dairy sector, Finance Minister Arun Jaitley announced the setting up of a dairy processing fund with a corpus of Rs 8,000 cro
Read MoreApple reclaims throne as the world's top smartphone seller
Apple has reclaimed the throne as the world?s top smartphone seller for the first time in five years, beating rival Samsung in units shipped for the U
Read MoreAuto sales on recovery path in January
Showing signs of recovery from the demonetisation blues, automobile manufacturers including Maruti Suzuki, Hyundai, Tata Motors, Toyota and Nissan on
Read MoreIntegrate spot, derivative markets
Finance Minister Arun Jaitley has proposed integrating the commodity spot and derivatives markets, stating in his Budget speech that the commodities m
Read MoreIndustry gives dispute resolution mechanism a thumbs-up
The industry has given a thumbs-up to the government?s proposal to streamline institutional arrangements for resolution of disputes in infrastructure
Read MoreArun Jaitley kick-starts the infrastructure engine
Continuing with its thrust on infrastructure development, the government plans to spend a record R3,96,135 crore in 2017-18, up by a little over 10% f
Read MoreBig focus is on rural housing, says Mohandas Pai
The Budget is a political one with a focus on farmers, rural area, on the poor, on women, on infrastructure, on digital economy and bringing in good g
Read MoreUnion Budget 2017 will create demand for hybrid vehicles: Mahindra & Mahindra MD Pawan Goenka
In the current wave of Robinhood mentality this Budget can be termed safe and nothing that would cause a severe damage to the economy or the industry.
Read MoreArun Jaitley provides boost to consumption and retail
It is usual to have a plethora of expectations from the Union Budget, and a yearning for so-called ?big-bang? reforms and announcements. Expectations
Read MoreBig relief for home buyers, affordable housing gets boost
Home buyers can look forward to more affordable housing, as the government has bolstered the segment, giving it infrastructure status in the Union Bud
Read More?Bharat? a reason to smile; purchasing po
Finance minister Arun Jaitley?s largesse for rural areas, what with a total allocation of Rs 1,87,223 crore (24% more funds in the next fiscal) for ru
Read MoreArun Jaitley has created climate for faster economic growth, says Maruti Suzuki Chairman RC Bhargava
The budget essentially continued the pattern of the FM?s past reformist budgets, and was directed towards implementing the government?s desire to brin
Read MoreNotification No. 7/2017 [F. No. 203/02/2016-ITA-II
Publish Date : Tuesday, January 31, 2017
Notification No. 8/2017 [F. No. 203/04/2016-ITA-II
Publish Date : Tuesday, January 31, 2017
Asia targets tourism, education boost from Trump travel ban
Seeking to capitalize on U.S. President Donald Trump's controversial new travel restrictions, companies and officials in Asia said they would target g
Read MoreAadhaar-enabled unsuccessful transactions rising, says Economic Survey
The share of unsuccessful Aadhaar-enabled transactions involving two different banks is more than twice that of transactions where the issuing and the
Read MoreEconomic Survey shows outlook grim for power producers
Average plant load factor for thermal power plants in December for private power plants was at 54%, significantly less than the 63% recorded a year ag
Read MoreRBI, demonetisation windfall can power-up PARA, says Economic Survey
To address the twin balance sheet (TBS) problem ?overleveraged companies and NPA-encumbered public sector banks ? finance ministry?s economists on Tue
Read MoreEconomic Survey says inflation under control, global prices pose risk
Outlook for Consumer Price Index (CPI) inflation for the whole of 2016-17 is likely to be below the RBI?s target of 5%, stated the Economic Survey. Th
Read MoreEconomic Survey wants focus to shift to reducing debt-to-GDP ratio
Backing the basic tenets of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, economists in the finance ministry said the Centre shoul
Read MoreDemonetisation has potential to provide long-term benefits
Demonetisation may exert short-term costs like a potential slowdown in growth and inconveniences to people, but it has long-term benefits, including h
Read MoreUK economy to slow down this year and next, says think tank
The National Institute of Economic and Social Research (NIESR) revised up its forecasts for UK growth to 1.7% this year and 1.9% in 2018.However, both
Read MoreNotification No. 07/2017-Service Tax
Seeks to amend notification No. 25/2012-Service Tax, dated 20th June 2012, so as to amend certain existing entries granting exemption on specified ser
Read MoreNotification No. 06/2017-Service Tax
Seeks to amend Service Tax Rules, 1994 so that in case of online information and database access or retrieval services provided or agreed to be provid
Read MoreNotification No. 05/2017-Service Tax
Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to withdraw the exemption from service tax for online information and database acces
Read MoreNotification No.05 /2017-Central Excise (N.T.)
Seeks to further amend Central Excise Rules, 2002
Read MoreNotification No.04 /2017-Central Excise (N.T.)
Seeks to further amend CENVAT Credit Rules, 2004
Read MoreNotification No.03 /2017-Central Excise (N.T.)
Seeks to amend Notification No. 11/2010-Central Excise (N.T) dated 27.2.2010.
Read MoreNotification No.02 /2017-Central Excise (N.T.)
Seeks to amend Notification No. 30/2008-Central Excise dated 1.7.2008.
Read MoreNotification No. 07/2017-Central Excise
Seeks to amend Notification No. 16/2010-Central Excise dated 27.2.2010 so as to carry out Budgetary changes.
Read MoreNotification No. 06/2017-Central Excise
Seeks to amend Notification No. 12/2012-Central Excise dated 17.03.2012 so as to carry out Budgetary changes.
Read MoreNotification No. 05/2017-Central Excise
Seeks to prescribe 6% concessional excise/CV duty on all items of machinery required for (a) initial setting up of fuel cell based system for generati
Read MoreNotification No. 04/2017-Central Excise
Seeks to further amend Notification No. 42/2008-Central Excise dated 1.7.2008 so as to carry out Budgetary changes.
Read MoreNotification No. 03/2017-Central Excise
Seeks to further amend Notification No. 6/2005-Central Excise dated 1.3.2005 so as to carry out Budgetary changes.
Read MoreNotification No.08/2017 Customs (N.T.)
Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 06/2017-Customs
Seeks to further amend Notification No. 12/2012-Customs, dated the 17.3.2012 so as to carry out Budgetary changes. Details are contained in Joint Secr
Read MoreNotification No. 05/2017-Customs
Seeks to reduce Basic Customs Duty from 10/7.5 % to 5% on all items of machinery required for (a) initial setting up of fuel cell based system for gen
Read MoreNotification No. 04/2017-Customs
Seeks to further amend Notification No. 21/2012-Customs, dated the 17.03.2012 so as to specify the rate of additional duty of customs leviable under s
Read MoreNotification No. 03/2017-Customs
Seeks to further amend Notification No. 27/2011-Customs dated 1.3.2011.
Read MoreNotification No. 02/2017-Customs
Notification No. 02/2017-Customs dated 27.01.2017 seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to prescribe a Margin
Read MoreIndian economy to grow 7-7.5 per cent in FY'18: Arvind Panagariya
Niti Aayog vice-chairman Arvind Panagariya today expressed hope that the economic growth in the next fiscal year would be in the range of 7-7.5 per ce
Read MoreFiscal deficit to be contained at 3.2% in FY18: Arun Jaitley
Adhering to fiscal consolidation roadmap, Finance Minister Arun Jaitley today said the government will target to bring down the fiscal deficit to 3.2
Read MoreTax rate reduced to 5% on income Rs 2.5L-5L
Stating that India is "largely a non-tax compliant society," finance minister Arun Jaitley today said the government is putting a Rs 3 lakh limit on c
Read MoreArun Jaitley gives infra boost, raises total spending to Rs 39,6000 crore
Finance Minister Arun Jaitley has allocated Rs 3,96,000 crore to the entire infrastructure sector, up from the total allocation for the sector in the
Read MorePositive budget for agri sector:PwC
Consulting firm PwC described the Union Budget 2017-18 as a positive one for the agriculture sector in the country, Ajay Kakra, leader food and agricu
Read MoreRecord Rs 3.96 lakh crore allocation for infra to spur growth: Arun Jaitley
Allocating a record Rs 3.96 lakh crore to infrastructure sector, Finance Minister Arun Jaitley today said the magnitude of investment will spur econom
Read MoreSeven ways Budget 2017 proposes to make doing business easier
The government's focus on ease of doing business reflects in Budget 2017 too. India moved up only one rank on the World Bank?s ease of doing business
Read MoreHighways allocation stepped up to Rs 64,000 crore: Finance Minister Arun Jaitley
Finance Minister Arun Jaitley today announced enhancing the outlay for National Highways by 11 per cent to Rs 64,000 crore for 2017-18. Presenting the
Read MoreHere are the highlights of Union Budget 2017
Finance Minister Arun Jaitley presented the Union Budget 2017, his fourth annual budget, today. Here are the highlights of this year's budget: ?Income
Read MoreGold Gains as Trump Shocks Markets by Doing What He Said He?d Do
President Donald Trump?s policies have brought gold back to life.Gold futures rose for a second day, posting the biggest monthly gain since June, on i
Read MoreProvisioning pushes SBH into Rs620-cr loss
State Bank of Hyderabad posted a loss of ?619.8 crore in the third quarter ended December 31, 2016, as against a profit of ?185 crore in the correspon
Read MoreUCO Bank cuts losses by 71% in third quarter
Public sector lender UCO Bank has pared losses by 71 per cent to ?437 crore for the quarter ending December 31, 2016, on a year-on-year basis. Net los
Read MoreICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise
ICICI Bank, country's largest private sector lender, saw a 19.09 per cent drop in its net profit in the October-December quarter to Rs 2,441.82 crore
Read MoreVodafone, Idea may have to sell excess spectrum
For the Vodafone-Idea Cellular merger to sail through, the two companies will have to first shed excess spectrum in the 900 MHz and 2500 MHz bands acr
Read MoreIOC to foray into Bangladesh, Myanmar and others
In a strategy that may work in tandem with the Look East policy of India, state-run Indian Oil Corporation is set to foray into retail, pipeline and r
Read MoreONGC to issue bonds for KG block development
The logo of Oil and Natural Gas Corp?s (ONGC) is pictured along a roadside in AhmedabaState-run Oil and Natural Gas Corporation (ONGC) is likely to is
Read MoreUS visa tremors rock Indian information technology
India?s information technology industry will face short-term challenges if the Bill to double minimum wages for H1B visa-holders is passed in the US C
Read MoreEurozone economy grows at faster pace than U.S.
Eurozone economic growth accelerated at the end of 2016 while the jobless rate fell to its lowest level since 2009, putting the currency area on a ste
Read MoreBank of Japan Airs Concern Over Donald Trump?s Protectionist Approach
The Bank of Japan stuck to its ultra-easy monetary policy Tuesday and held back from raising its inflation forecast, underlining its nervousness about
Read MoreShell agrees to UK North Sea, Thai asset sales worth $4.7 billion
Royal Dutch Shell (RDSa.L) announced two divestments on Tuesday worth $4.7 billion including selling a chunk of its North Sea assets to private-equity
Read MoreOpec achieves 82% of pledged oil output cut in January
Opec's oil output is set to fall by more than one million barrels per day (bpd) this month, a Reuters survey found on Tuesday, pointing to a strong st
Read MoreIndia to attract $15-$20 billion FII inflows in 2018: ICRA
India is expected to attract moderate FII inflows of $15-$20 billion in 2018, with headwinds such as the muted outlook for corporate earnings and cont
Read MoreKansai Nerolac Q3 net profit jumps 44% to Rs 124 cr
Kansai Nerolac Paints today reported a 44 per cent jump in net profit at Rs 123.96 crore for the third quarter ended December 31. The company had repo
Read MoreBajaj Auto net profit down 4.73% as demonetisation hits domestic sales
Bajaj Auto reported a 4.73 % Y-o-Y drop in net profit to Rs 924.62 crore while turnover was down 9 % to Rs 5,354.13 crore during Q3FY17 as demonetisat
Read MoreDabur India Q3 Net down 7.5% to Rs 293.76 crore
Homegrown FMCG major Dabur India today reported a decline of 7.5 per cent in consolidated net profit at Rs 293.76 crore for the third quarter ended De
Read MoreWelspun Q3 Net down 17% at Rs 150.24 crore
Home textiles firm Welspun India today reported a 17.27 per cent decline in consolidated net profit at Rs. 150.24 crore for the third quarter ended De
Read MoreFPI outflows a global trend, inflows may still be slow in FY18
The Economic Survey said that the net outflow of foreign portfolio investments (FPI) from Indian markets in November and December was part of global p
Read MoreFiscal deficit hits 94 pc of budget estimate in Apr-Dec
Fiscal deficit in the first nine months of 2016-17 touched 93.9 per cent of the Budget target against 87.9 per cent for the same period a year ago.In
Read MoreEight core industries grow by 5.6% in December
Eight core industries register a growth of 5.6% in December 2016 on the back of healthy output recorded by refinery products and steel.The growth rate
Read MoreCSO revises GDP growth for 2015-16 upwards to 7.9%
Government has marginally revised upwards gross domestic product (GDP) growth for 2015-16 to 7.9 per cent from the earlier estimate of 7.6 per cent af
Read MoreIndiGo Airlines Q3 profit slumps 25% to Rs 487 crore
Interglobe Aviation, which owns IndiGo Airlines, on Tuesday reported a 25.08% y-o-y decline in its net profit at Rs 487.25 crore during the October-De
Read MoreEconomic Survey says reforms to power India potential growth
India?s economy could grow at 6.5-6.75% in the current financial year and might not gather significant momentum next year but that doesn?t warrant a f
Read MoreTax-free days ending for Saudis after oil slump
Tax-free living will soon be a thing of the past for Saudis after cabinet on Monday approved an IMF-backed value-added tax to be imposed across the Gu
Read MorePorts to get Rs 91,000-cr push
In a major push to the maritime sector, the Centre has planned port-modernisation projects worth Rs 91,000 crore, leading to the creation of a 3-billi
Read MoreCentre puts ?green bank? listing on hold as winds deemed unfavourable
The government intention to list India's green bank ? the Indian Renewable Energy Development Agency (IREDA) ? is not likely to happen for at least a
Read MoreExempt customs duty on capital goods for electronics-makers: MeitY
The Ministry of Electronics and Information Technology (MeitY) has made its own pitch list of proposals to the Finance Minister Arun Jaitley to be inc
Read MoreGE T&D India sales revenue up 62% in third quarter
GE T&D India has reported a 62 per cent q-o-q hike in sales revenue to ?121 crore in the third quarter of the financial year 2017. The company won ord
Read MoreIndiabulls plays the tech card to stay ahead
In the two and a half years since its promoters (Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal) decided to part ways in July 2014, the Indiabulls Ho
Read MoreUS Inc faces uneasy test of doing business
President Donald Trump vowed to end business as usual in Washington. Global companies are now learning just what that means.What began before his inau
Read MoreBanks credit growth to remain subdued at 5-6 per cent in FY17: Icra
Bank credit growth is likely to remain subdued at 5-6 per cent in the current financial year on weak loan demand and as debt market continues to offer
Read MoreStrategic sale of NMDC, SAIL units on cards
The Union government has begun the process for strategic disinvestment in assets of public sector undertakings, including three units of Steel Authori
Read MoreIngenico to buy TechProcess for Rs 600 crore
French electronic payments company Ingenico is set to acquire Mumbai-based digital payments processing firm TechProcess for Rs 600 crore, two people f
Read MoreBudget documents to provide 'composite' outflow on schemes
The Budget documents will have a different look this time with the Finance Ministry deciding to introduce the concept of 'composite outflow' of funds
Read MoreCompanies use 1970s budget tool to cut costs as they hunt for growth
The number of U.S. companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging as they turn their spend
Read MoreTata Power arm WREPL raises Rs 1,200 Cr through debentures
Tata Power today said its arm Welspun Renewables Energy has raised Rs 1,200 crore through issuance of non-convertible debentures on private placement
Read MoreEurozone Steams into 2017 Despite Political Risks
The eurozone economy has kicked off the year robustly, data showed on Monday, presenting the European Central Bank with evidence that its massive cash
Read MoreUS consumer spending rises solidly; inflation firming
US consumer spending rose solidly in December as households bought motor vehicles and a range of services amid rising wages, pointing to sustained dom
Read MoreSAIL in talks with CIL over coking coal price hike
Worried over domestic coking coal price hike effected by state-owned CIL, the country's largest steel maker SAIL on Monday said it is in negotiations
Read MoreStudy flies in face of demonetisation, reveals rich in India hold high proportion of assets in gold
Flying in the face of the Centre?s rationale behind demonetisation as a means to remonetise the economy, a study by the India Gold Policy Centre (IGPC
Read MoreCos mobilise Rs 29,212 crore via NCDs so far in 2016-17
Indian companies have garnered over Rs 29,212 crore by issuing non-convertible debentures (NCDs) to retail investors in the current financial year so
Read MoreRupee surges to 2-week high of 67.95
Continuing its winning run for the fourth straight session, the rupee today hit its two-week high of 67.95, appreciating by 8 paise on sustained unwin
Read MorePayments banks to have 'multiplier impact' on banking
Finance Minister Arun Jaitley today said payments bank will have a "multiplier impact" by providing doorstep banking to people in remote areas at lowe
Read MoreGrasim Industries Q3 net up 14% to Rs 728 cr
Aditya Birla Group firm Grasim Industries Ltd today posted an increase of 13.69 per cent in its consolidated net profit at Rs 728.19 crore for the thi
Read MoreFrom 180% in 2015, growth crashes to 12% in 2016 at $14.5 bn
The Indian e-commerce industry which grew by 180% in 2015 crashed to a growth of a mere 12% last year due to a combination of internal and external fa
Read MoreREC inks pacts with Andhra Pradesh for Rs 60K cr funding
State-owned Rural Electrification Corporation Ltd has inked three pacts to extend financial assistance of around Rs 60,000 crore to Andhra Pradesh. "M
Read MoreFlipkart set to roll-out ?low-cost? delivery system made up of kirana stores, tech parks
India?s largest online retailer Flipkart is set to implement a low-cost delivery channel across major cities this year. The company, which had piloted
Read MoreReliance Defence bags Rs 916 crore contract from Indian Coast Guard
Industrialist Anil Ambani-led Reliance Defence on Monday said it has signed a contract with the Ministry of Defence for the design and construction of
Read MoreNotes ban impact: Economy to grow 6.8% in FY17, says survey
Indian economy will grow 6.8 per cent this fiscal due to a slow down in the services and infrastructure sectors post demonetisation, according to a la
Read MoreCSR spends jump 22% to Rs 8,300 cr in FY16
Overall CSR spends by corporates saw a significant 22 per cent rise in 2015-16, with bulk of the money going into education, skills development, healt
Read MorePiramal Enterprises to acquire pain management drug portfolio for $171 million from UK company
Piramal Enterprises will acquire a portfolio of spasticity and pain management drugs from UK-based Mallinckrodt in an all-cash deal for $171 million (
Read MoreHDFC net profit rises 12% in Q3 to Rs 1,701 crore
The country's largest home loan company HDFC has reported a net profit of Rs 1,701 crore for the quarter ended December 2016, up 12% from Rs 1,521 cro
Read MoreBenami Act comes into play: I-T issues 87 notices; attaches assets worth crores
Initiating a stringent action against black money holders post notes ban, the Income Tax department on Monday said it has issued 87 notices and attach
Read MoreOutlay for labour-intensive textiles sector set to jump
As the government increases focus on labour-intensive sectors, the textile ministry will likely see a 35-40% jump in fund allocation in the coming Bud
Read MoreICVL to restart operations at Mozambique mine as coking coal prices rise
After suspending operations at its Benga mine in Mozambique in May last year, International Coal ventures (ICVL), the SAIL-led consortium of five stat
Read MoreRBI lifts caps on daily withdrawals from ATMs, current a/c
Partially ending the nearly three months of cash rationing, the Reserve Bank today lifted caps on daily withdrawals from ATMs and current accounts, bu
Read MoreIdea Cellular, Vodafone India may merge, set to create India?s largest telco, beat Bharti Airtel
Vodafone India and Idea Cellular ? the country?s second and third-largest mobile operators ? on Monday said they were in talks for a potential merger.
Read MoreMini-boom in living standards is over, says think tank
The think tank says living standards improved significantly between 2014 and the beginning of 2016, as subdued inflation coincided with rising wages a
Read MoreTrumponomics, cash ban take FPI outflow to Rs 5,600 crore in January
Foreign investors have pulled out a little over Rs 5,600 crore from the Indian capital market so far this month, concerned about ?lower prospects? of
Read MoreL&T revises revenue forecast, net profit increases by 39%
Larsen & Toubro Ltd?s (L&T) net profit rose 39% for the third quarter ended December 31, 2016 to ?972 crore as compared with ?700 crore in the same pe
Read MoreRs 5,582.83 crore withdrawn from Jan Dhan accounts in a month post note ban.
Jan Dhan accounts have witnessed net withdrawal of Rs 5,582.83 crore since December 7, the day deposits in these accounts soared to all time high in t
Read MoreServices in India need differential GST rates
Recent developments appear to indicate that India will finally roll out the GST from July 1, 2017. Several key decisions including the rate buckets, a
Read MoreAndhra Pradesh gets 2 coastal economic zones of Rs 20,000 crore
Andhra Pradesh, the Southern India state that reported healthy double digit growth, would get two coastal economic zones (CEZs) involving an investmen
Read MoreBudget 2017: Govt may raise holding years to 2 years to claim long term capital gains exemption
Government may increase the holding period of listed shares for claiming long-term capital gains (LTCG) tax exemption from 1 year to 2 years in Budget
Read MoreNBFCs See Some Relief, But Analysts Say Worst Not Over
The pessimism that engulfed non-banking financial companies (NBFC) on Dalal Street after demonetisation is showing signs of easing after the third qua
Read MoreWhy debt mutual fund investors will cheer a sub-3.5% fiscal deficit
The Union Budget could prove profitable for debt mutual fund investors if the fiscal deficit guidance by the government is less than 3.5% of GDP.Typic
Read MoreIndian Companies Raise a Record $3.3 billion in Jan
Raise dollar debt. However, next week?s US Federal Reserve meeting and India?s budget announcements will be crucial on how investors price Indian debt
Read MoreTractor companies aim for double-digit growth after note recall dip
Tractor makers are hoping to report growth in strong double digits for the first time in three years, even as demonetisation impacted rural demand adv
Read MoreAmway planning 50 retail stores by end-2018 for greater visibility and easier access
Amway India intends to set up 50 retail stores in the country by end-2018 to underpin its global business model of direct and online sales, underscori
Read MoreGranules to invest $20 mn in US subsidiary, Q3 net up 34% at Rs 39 cr
Granules India Ltd has announced its move to invest $20 million in its wholly-owned subsidiary Granules Pharmaceulticals Inc.The company Board, which
Read MoreIndia, other EMs to grow more sharply in coming years: PwC
Emerging market economies like China and India, which have been growing much faster than the US, Europe and Japan, are expected to witness even sharpe
Read MoreFocus on reviving economic growth
A Budget is a statement of revenue and expenditure over a period of time. In the context of the Government of India (GoI), the Union Budget holds grea
Read MoreMarket cap to GDP ratio signals upside for stocks
With the Modi-led government?s third Union Budget around the corner, investors are once again pinning their hopes on big bang reforms to boost the eco
Read MoreMobile wallets may soon have to insure customers' cash
To make a rapid move towards using digital cash, the government is planning to bring in changes in the way money is handled on mobile wallets.The gove
Read MoreIMF Warns Eurogroup Loan Measures Not Enough for Greek Debt
Greece?s public debt and financing needs will prove ?explosive? in decades to come unless Europe overhauls its bailout program to ease the load, the I
Read MoreJanalakshmi Fin's equity infusion pegged at Rs 4,400 cr in 5 yrs
Janalakshmi Financial Services Ltd (JFSL), a large micro-finance institution (MFI) which is becoming one of the new small finance bank (SFB), will nee
Read More5% stake in 5 firms to cost Tatas Rs 12.5k crore
Tata group shares have recovered most of their lost value since the legal battle broke out between the conglomerate and former Tata Sons Chairman Cyru
Read MoreSnapdeal, Myntra investor calls against capital dumping by Uber, Amazon
Vani Kola, co-founder of Kalaari Capital and one of the most successful venture capitalists in India, has become the first investor to take up arms ag
Read MorePatanjali pulls FMCG firms to herbal space
The herbal-natural products market has got an impetus in recent times with the emergence of Patanjali. The astounding success of yoga guru Ramdev?s ve
Read MoreIndian IT sector braces for impact of Donald Trump's immigration order
India?s software services sector is bracing for the consequences of new US President Donald Trump action against outsourcing of jobs.Trump has signed
Read MoreFM may have to budget for lower PSU dividends
As Finance Minister Arun Jaitley rises to present the 2017-18 Budget later this week, he might need to temper his expectations of dividend income from
Read MoreGerman Pride Shifting to Frustration in Role as Motor of Europe
Germany is cursed by its own economic strength.For eight years, the nation of 83 million people has been the euro area?s growth driver. Now it?s at th
Read MoreIn a Verizon-Charter Deal, Analysts See One Massive Pile of Debt
Verizon Communications Inc. is said to have given thought to buying Charter Communications Inc., a deal that would create the biggest U.S. wireless an
Read MoreBetter Forecasts Not Enough for Carney in Brexit's Long Shadow
For Mark Carney, better won?t be good enough.The Bank of England governor, overseeing an economy recording solid expansion and accelerating inflation,
Read MoreDemonetisation: In Mumbai, real estate firms suffer no funds crunch after note ban, collect Rs 3,400 cr
Several real estate companies have managed to raise Rs 3,400 crore in the past two months, following demonetisation, which shows that there is not eno
Read MoreNo recovery yet, topline growth remains subdued in Q3FY17
The subdued tone of the management commentary at Larsen & Toubro (L&T) suggests the recovery in India may have been pushed back by at least six to eig
Read MoreBudget 2017: Great expectations from FM Arun Jaitley
From housewives to industrialists, everyone?s hoping for goodies from the Union Budget for 2017-18. It will be hard for finance minister Arun Jaitley
Read MoreChina will likely withstand the shock of a trade war better than the US will
While China will suffer from a trade war with the United States, some experts say the Asian giant has more resilience than the U.S.The "Chinese govern
Read MorePainful volatility ahead for the Mexican peso
The Mexican peso looks like it will remain painfully volatile against the dollar.Fresh headlines on U.S.-Mexico relations sent the peso jumping agains
Read More5,000 suspicious accounts and cash deposits of Rs 1 crore or more under I-T scrutiny
After demonetisation, here comes the black money crackdown. A Mumbai-based jeweller who deposited Rs 100 crore in his bank account in December was sum
Read MoreSouthern states outshine rest of India in key sectors' growth
Amid an uncertain economic climate, southern India seems to have outshone the rest of the country. Key sectors such as auto, consumer goods, power con
Read MorePSU oil companies, Andhra Pradesh govt ink pacts
The public sector oil companies such as the HPCL, ONGC and the GAIL have signed MoUs for investing ?1.65 lakh crore in Andhra Pradesh on several proje
Read MoreRBI extends tenor of four G-Secs maturing in 2017-18
In a move that is probably aimed at lessening the government?s borrowing burden in the new financial year, the Reserve Bank of India, in consultation
Read MoreMicrosoft's value tops $500 billion for the first time in 17 years
Microsoft's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following anoth
Read MoreNon-profit organisations launches portal for government budget data
A non-profit organisation, the Centre for Budget and Governance Accountability (CBGA), announced launch of a web portal to make available government b
Read MoreUnited Spirits on a high with better-than-expected Q3 earnings
The stock of United Spirits (USL) has gained 9% in three trading sessions following better than expected quarterly results declared on January 21. The
Read MoreAlphabet posts strong Q4 revenue growth
Google parent Alphabet posted fourth-quarter profit below analysts? estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company
Read MoreIndia's investors brace for transaction tax hike, less friendly budget
Investors in India are bracing for higher taxes and fewer incentives from the government's annual budget on Feb. 1 as the focus shifts to wringing out
Read MoreUS economy posts slowest growth since 2011
The US economy slowed sharply in the final three months of the year largely due to falling exports, pulling 2016 growth to its lowest since 2011, the
Read MoreSensex logs biggest weekly gains in 8 months
The Sensex completed its steepest weekly advance in eight months as overseas investors boosted purchases of local shares. Lenders and power companies
Read MoreGovt allays GAAR fears but grey areas remain
The finance ministry sent positive signals to foreign portfolio investors (FPIs) on Friday by clarifying that the general anti-avoidance rules (GAAR,
Read MoreTesco?s Lewis Charts New Course With $4.6 Billion Booker Buy
Tesco Plc agreed to buy Booker Group Plc for about 3.7 billion pounds ($4.6 billion), pooling the U.K.?s biggest supermarket chain with the No. 1 food
Read MoreWTO says $1 trillion global trade treaty about to come into force
A trade accord that will boost global exports by $1 trillion should come into force within two weeks, the head of the World Trade Organization said on
Read MoreU.S.-Mexico crisis deepens as Trump aide floats border tax idea
The White House on Thursday floated the idea of imposing a 20 percent tax on goods from Mexico to pay for a wall at the southern U.S. border, sending
Read MoreGold slumps to 2-week low, sheds Rs 400 on global weakness
Falling for the second day, gold lost its sheen by plunging another Rs 400 to trade at two?week low of Rs 29,150 per 10 grams today, tracking a weak t
Read MoreCIL to broaden coal auction; power companies in focus
A CIL official told FE that some plants are flush with coal while some others have neither coal supply nor power purchase agreement. In some cases, th
Read MoreBSE listing: Sebi sets process to address potential conflict
The Securities and Exchange Board of India (Sebi) has instituted a three-tier system to monitor compliance and address conflicts that may arise from o
Read MoreMFs file papers with Sebi for 10 new offerings in Jan
With mutual funds gaining traction among retail investors, asset management companies have filed draft offer documents with market regulator Sebi for
Read MoreCurrency-GDP ratio to reach 9% by March: Nomura
Money in circulation is rising again in India post-demonetisation period and at the current rate, currency-to-GDP ratio will reach about 9 per cent by
Read MoreForex reserves up $932 million to $361 billion
Forex reserves rose by $932.4 million to $360.8 billion during the week ended January 20, led by a rise in foreign currency assets, the RBI data relea
Read MoreAurangabad?s Grand Master Group buys French firm SPMS Suprematic, which boasts Renault, Jaguar, Ford as clients
Grind Master Group, Aurangabad, has acquired French machine tool builder, SPMS Supramatic which gives the company a chance to strengthen its position
Read MoreIndia Cements Q3 profit up ten-fold
India Cements Limited has reported a 10-fold growth in its net profit for the quarter ended December to touch R35.34 crore as compared to R3.16 crore
Read MoreONGC to invest $5.1 bn for developing oil finds off AP coast
State-owned Oil and Natural Gas Corp (ONGC) today signed an MoU with Andhra Pradesh government for investing USD 5.07 billion in developing oil and ga
Read MoreHPCL, GAIL ink pact with AP govt for Rs 40k crore project
Hindustan Petroleum Corp (HPCL) and GAIL India signed an agreement with the Andhra Pradesh government for setting up a Rs 40,000-crore petrochemical p
Read MoreColgate-Palmolive net down 22.6%
FMCG-major Colgate-Palmolive India Ltd (CPIL) on Friday posted a 22.6 per cent fall in standalone net profit at Rs 127.8 crore for the quarter-ended D
Read MoreJain Irrigation to raise $200 mn via dollar bonds
Jain Irrigation Systems will raise $200 million through issuance of dollar bonds ? for the first time ? to overseas investors, primarily to retire deb
Read MoreGreen certificate sales shoot up 245% to 15.68 lakh in Jan
Sales of renewable energy certificates (RECs) jumped about 245 per cent to 15.68 lakh this January, from 4.54 lakh in December last year. Power distri
Read MoreRural wage growth defies demonetisation, rises to 7.3%: Nomura
Defying demonetisation, nominal rural agricultural wages growth rose to 7.3% in November on year-on-year basis, largely owing to hike in minimum wages
Read MoreDenmark's Pandora to enter India's growing jewellery market
Danish jewellery maker Pandora said on Friday it would enter India, one of the world's largest jewellery markets, and open 50 shops there in the next
Read MoreDonald Trump plan for 20 per cent tax on Mexico exports raises eyebrows
Talk of a possible 20 percent tax on US imports from Mexico is raising eyebrows in Asia, where exports to the US drive growth in many economies. Japan
Read MoreGreece on track for 2018 primary surplus target: EU
Greece outperformed its fiscal targets last year and should meet fiscal goals this year, putting it on track for its primary surplus target in 2018, E
Read MoreIndia signs oil storage pact with United Arab Emirates
India on Wednesday signed an agreement with the United Arab Emirates (UAE) for storing crude oil at a strategic facility in Mangalore. India imports 8
Read MoreWipro Q3 Profit at $355M, Revenue Flat
Wipro's third-quarter revenue and forecast for the fourth quarter was disappointing but the IT company's chief executive said his aspiration of reachi
Read MoreManufacturing Sector Outlook Bleak: RBI
Business sentiment in the manufacturing sector deteriorated in the October-December quarter and is likely to decline in the three months ending in Mar
Read MoreAP launches Rs 100 cr fund of funds to prop fintech startups
Having identified fintech as a promising space to generate jobs, Andhra Pradesh today announced a Rs 100 crore fund of funds to invest in startups in
Read MoreCoromandel International?s Q3 net profit up 38% at Rs 112 crore
Coromandel International, India?s second-largest phosphatic fertiliser player, and part of the Rs 29,500 crore Murugappa Group, has reported a 38.3 pe
Read MoreIndia retains World No 3 spot as steelmaker in 2016 even as it clocks highest production growth rate
For the second year in a row, India remained as the third largest steelmaker in the world, behind China and Japan, even as it clocked the highest prod
Read MorePeugeot inks JVs with CK Birla group to enter India
The long and much delayed 54-billion-euros PSA Group?s entry into India has now materialised. The European auto giant has signed two separate joint ve
Read MoreAfter raising Rs 10,000 cr from EPFO, National Highway Authority of India gets Rs 8,500 cr from LIC; scouts for another Rs 23,520 cr
The National Highways Authority of India (NHAI) has raised a Rs 8,500-crore long-term loan from LIC for 30 years, at an interest rate of 7.2%, taking
Read MoreCurrency in circulation rises for second straight week
The currency in circulation (CIC) rose for the second week ended January 20, 2017, showing the effect of Reserve bank of India (RBI) infusing fresh cu
Read MoreRBI bans investments in non-cooperative nations
The Reserve Bank of India (RBI) on Wednesday prohibited Indian entities from making direct investments in any entity located in 'non co-operative coun
Read MoreJapan exports in December up for first time in 15 months
Japan's December exports rose for the first time in 15 months on strong sales of electronics and car parts, a positive sign for the export-reliant eco
Read MoreMarch quarter also expected to remain dull for IT companies
The top four software exporters reported a sequential drop in the dollar denominated aggregate revenue for the December 2016 quarter for the first tim
Read MoreIreland pushes for more investments from India
Until a few years ago Indian firms had only a small footprint in Ireland, but that is begining to change as the EU nation has made a concerted effort
Read MoreCBDT sweetens tax relief for VC and PE funds investing in start-ups
Call this the CBDT?s Republic Day gift to the venture capital (VC) and private equity (PE) industry that is betting big on Indian start-ups.The Centra
Read MoreEconomy grew faster than estimates
Britain?s economy maintained its robust momentum in the final three months of 2016, again wrong-footing expectations that June?s vote to leave the Eur
Read MoreBond market doesn't expect surprises
The central government is likely to keep the gross borrowing number on the higher side, considering the heavy redemption pressure in the next financia
Read MoreMutual funds invest Rs 27,000 crore in debt market in Jan
Mutual fund managers have pumped in over Rs 27,000 crore in debt market so far this month, primarily on account of participation from corporate and re
Read MoreDemonetisation impact key for L&T Q3 numbers
Demonetisation could be a key element in Larsen & Toubro Ltd (L&T) December quarter financial performance, say analysts. The engineering major will an
Read MorePetrochem majors step on the gas pedal
India?s manufacturing sector may not be seeing an investment pick-up but major petrochemical companies are in the process of mega investment plans for
Read MoreAhead of Budget 2017, service tax blow for online travel players
Domestic hotel and tour aggregators such as OYO Rooms, EaseMyTrip and MakeMyTrip were expecting tax relief in the Budget to be presented on February 1
Read MoreGood news! RBI may lift weekly cash withdrawal limit by February end
With the cash crunch situation easing, the Reserve Bank might do away with the weekly withdrawal limits from banks as well as ATMs by the end of next
Read MoreUnilever blames India notes ban, Brazil crisis for growth slowing down
Demonetisation of higher currency notes in India along with economic crisis in Brazil adversely impacted FMCG major Unilever?s sales growth in 2016.Th
Read MoreChina eyes stabilizing role in call with Germany's Merkel
Chinese Premier Li Keqiang has called for China and Germany to play a leading role to ensure the stability of international markets amid an uncertain
Read MoreJohnson & Johnson bolsters drug roster with $30-bn Actelion deal
Johnson & Johnson, the world?s largest healthcare company, has moved to bolster its roster of treatments for rare diseases, announcing a $30 billion d
Read MorePVR hunts for acquisition opportunities, eyes 100 more screens
Multiplex chain operator PVR , which acquired DT Cinemas last year, is scouting for more acquisition opportunities as it plans to add over 100 more
Read MoreIndia shows it's serious about solar with giant power plant
It took 8,500 men working two shifts every day for six months - and three shifts for two months - to finish, ahead of schedule, the Adani Group's gian
Read MoreGovt plans expansive budget despite growth, revenue worries
Finance minister Arun Jaitley is likely to borrow more than originally planned when he presents the budget on February 1, senior aides and officials s
Read MoreTrade deficit may be in range of $100-110 bn by March-end
The country's trade deficit which improved by 25 per cent in the first nine months of financial year 2016-17 compared to last year, is likely to be in
Read MoreIndia's Oil Consumption To Be Fastest Globally By 2035
Having pipped Japan to become world's third largest oil consumer, India's oil consumption growth will be the fastest among all major economies by 2035
Read MoreNTPC raises ?500 mn via overseas bonds sale
NTPC Ltd, India?s biggest power producer, has raised ?500 million through overseas bonds sale that perhaps may be the first longest tenor euro-denomin
Read MoreCar sales in India: Tata Motors, Renault spring surprise with Kwid, Duster and Tiago, Zest models
Though car sales are dominated by the top three manufacturers ? Maruti Suzuki, Hyundai and Mahindra and Mahindra ? the current fiscal has seen some sm
Read MoreEven as budgetary capex by Centre plunges, some big spenders hold it afloat
Though budgetary capital expenditure by the Centre declined steeply in the current financial year, some big-spending ministries ? especially urban dev
Read MoreDespite PM Narendra Modi?s push, mega UAE-India infrastructure fund plan at risk
Even as infrastructure investments by the private sector is in the doldrums and the government?s ability to invest in the sector is constrained, New D
Read MoreNotification No.01 /2017-Central Excise (N.T.)
Notification under Section 11C of the Central Excise Act on Plain (un-modified) Tamarind Kernel Powder falling under heading 1302
Read MoreNotification No.07/2017 Customs (N.T.)
Seeks to notify the India-Japan Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017
Read MoreNotification No.06/2017 Customs (N.T.)
Regarding grant of Presidential Award of Appreciation Certificate to the officers of the Customs & Central Excise on the eve of Republic Day, 2017
Read MoreNotification No. 01/2017-Customs
seeks to further amend Notification no.153/93- Customs, dated 13th August, 1993
Read MoreCircular No.6 of 2017
Guiding Principles for determination of Place of Effective Management (POEM) of a Company.
Read MoreCircular No.5 of 2017
Measures for reducing litigation- Clarification on Circulars 21/2015 and 8/2016 reg.
Read MoreCircular No.4 of 2017
Circular No. 41/2016 [F. No. 500/43/2012-FT&TR] dated 21'12'2016'
Read MoreNotification No. 4/2017
S.O. 177(E).?In exercise of the powers conferred by sub-section (23EC) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government
Read MoreNotification No.RBI/2016-17/216
Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force (FATF) as ?Non Co-operative count
Read MoreNotification No.RBI/2016-17/215
Auction of Government of India Dated Securities
Read MoreExplanatory Notes to the Provisions of the Finance Act, 2016
Publish Date : Friday, January 20, 2017
Notification No. 5 /2017 [F. No. 300196/3
Publish Date : Tuesday, January 24, 2017
Notification No. 6/2017 [F. No. 300196/20
Publish Date : Tuesday, January 24, 2017
Clarification on implementation of GAAR provsions under the Income Tax Act, 1961
Publish Date : Friday, January 27, 2017
Japan reports 1st trade surplus in 6 years on cheaper oil
Japan reports that it posted a trade surplus in 2016, the first in six years, as lower oil prices pulled imports lower. The 4.1 trillion yen ($35.8 bi
Read MoreNomura predicts V-shaped recovery for India from second half of 2017
Demonetisation has stymied India?s GDP growth and the October-December quarter show is likely to be around 6 per cent, while for January-March it coul
Read MoreGermany to finance strategic infrastructure projects in India
Germany is set to finance long-term strategic projects in India particularly in the railway, infrastructure and smart cities sectors as part of effort
Read More'US pulling out from Trans-Pacific Trade Agreement won't hurt India'
The withdrawal of the US from the Trans-Pacific Partnership (TPP) trade agreement will not directly affect India and most experts view it as a develop
Read MoreGDP growth to slow to 6% in Oct-Dec 2016: Nomura
Demonetisation has stymied India's GDP growth and the October-December quarter show is likely to be around 6 per cent, while for January-March it coul
Read MorePNB Housing Q3 Net up 53% at Rs 138 cr; to raise Rs 6,000 cr
PNB Housing Finance today posted a rise of 53 per cent in net profit at Rs 137.8 crore for the third quarter ended December. The company had reported
Read MoreGST will be a game-changer for the sector
FMCG companies are pinning their hopes on GST and lower corporate taxes in the forthcoming Budget. The third quarter is expected to be muted for most
Read MoreMuch of India Inc?s forex exposure unhedged: Ind-Ra
A 10 per cent rupee depreciation from fiscal year end 2016 (FY16) and a 50-basis-point hike in global interest rates could lead to deterioration in th
Read MoreHCL Tech Q3 net up 7.8% at Rs 2,070 crore
India's fourth-largest software services exporter HCL Technologies today reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for
Read MoreGold loses sheen in short term on note ban: WGC
The sudden ban of high-value notes on November 8, 2016, has taken its toll on gold demand in the short run.However, the long-term benefits from the tr
Read MoreNabard to raise Rs 20,000 cr for on-lending to cooperative banks
Cabinet on Tuesday permitted Nabard to raise about Rs 20,000 crore from the market for on-lending to cooperative banks at 4.5 per cent interest with a
Read MoreCBDT tightens screws on shell companies
The Central Board of Direct Taxes (CBDT) on Tuesday issued the much-awaited ?guiding principles? for determination of a Place of Effective Management
Read MoreIrdai wants insurers to have 'clear policy' as investors
The high-voltage corporate battle between Tata Sons and ousted chairman Cyrus Mistry, which has put institutional investors like insurers and mutual f
Read MoreChina power firm seeks to enter power transmission sector
China Southern Power Grid International (HK Company Limited), in a consortium with CLP India Private Limited, is set to enter the power transmission s
Read MoreBiocon Q3 profit up 65% to Rs 171 crore
Biopharmaceutical company Biocon reported a 65% increase in third quarter profit helped by higher revenue from its small molecules and biologics busin
Read MoreGroupM acquires majority stake in MediaCom India
Founded in 2007, MediaCom India has established itself as one of the top five media agencies in the market in terms of market share according to RECMA
Read MoreJSW bids Rs 25,000 cr for Bhushan Steel
The Sajjan Jindal-led JSW Steel has submitted a bid of Rs 25,000 crore to banks for the debt-laden Bhushan Steel. Sources close to the development in
Read MoreGermany raises growth forecast for 2017 exports, imports
Germany expects both exports and imports to grow faster this year than previously forecast, a government source told Reuters on Tuesday, providing an
Read MoreEuro zone starts year with solid economic growth, but risks ahead
The euro zone started 2017 by maintaining solid economic growth as a weaker currency boosted orders for goods and services, a survey showed, but risin
Read MoreBrexit: Supreme Court says Parliament must give Article 50 go-ahead
Parliament must vote on whether the government can start the Brexit process, the Supreme Court has ruled.The judgement means Theresa May cannot begin
Read MoreSamsung says Q4 profits up 50% despite Note7 recall
Samsung Electronics' profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation
Read MoreAlibaba Revenue Up 54% to $7.67 Billion, but Entertainment Losses Deepen
Chinese e-commerce giant Alibaba announced a 54% increase in revenue for the third quarter of its financial year, with the group total hitting $7.67 b
Read MoreDemonetisation drive to favour big jewellery chains: WGC
The government's drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their
Read MoreTVS Motor Q3 profit up 10% to Rs 132.67 crore
TVS Motor Company has exceeded analysts? expectations by posting a 10% growth in its net profit for the quarter ended December to Rs 132.67 crore as c
Read MoreDemonetisation impact: Residential sales likely fell 35% in Nov-Dec period; Sobha Developers to DLF, all hit by note ban
Major real estate companies are expected to witness a decline in sales in the October-December quarter, with home sales slumping by an estimated 35% d
Read MoreAavishkaar-Intellecap Group raises $25 mn
The Aavishkaar-Intellecap Group, an impact investor, on Tuesday announced raising $25 million, led by Triodos Investment Management, the investment ar
Read MoreIdea plans to raise Rs 2k cr via pvt placement
Idea Cellular said on Tuesday that it intends to raise up to Rs 2,000 crore by issuing unsecured redeemable non- convertible debentures (NCDs) on a pr
Read MoreP-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec
Investments in domestic capital markets through participatory notes (P-Notes) have plunged to 41-month low of Rs 1.57 lakh crore in December.Market ex
Read MoreHDFC Bank Q3 net grows slowest in over 15 years
Demonetisation has put the brakes on HDFC Bank's quarterly net profit expansion, growing at its slowest space since 2001. For the October-December per
Read MoreTax avoidance rules: POEM norms to take effect from April, 2017
Confirming that India?s so-called POEM regulations ? which are meant to ascertain the residential status of companies and use it to curb tax avoidance
Read MoreCentre?s fiscal deficit estimate in FY16 higher than estimated at Rs 53,146 cr: CAG
The CAG has estimated the Centre?s fiscal deficit in FY16 to be Rs 53,146 crore higher than estimated in the Budget, marking one of the widest diverge
Read MoreReliance Jio free data plan hits Bharti Airtel Q3 profit; Gopal Vittal tags new telco?s pricing ?predatory?
The country?s largest telecom operator, the Sunil Mittal-led Bharti Airtel, was hit hard on all fronts during the October-December quarter with the fu
Read MoreBudget 2017: How India can get standout growth; here?s what experts want from Narendra Modi govt
With less than 10 days to go for the Union Budget 2017, hopes are pinned on Finance Minister Arun Jaitley to deliver a balanced budget. Demonetisation
Read MoreTwo small finance banks begin journey, bringing 19 lakh in banking fold
Utkarsh Micro Finance and Suryoday Microfinance have commenced banking journey Monday, making it double bonanza for the country's unbanked population.
Read MoreUK growth 'to slow as economy rebalances'
The UK economy will see three years of "relatively slow growth" as it comes to rely more on trade and less on consumer spending, a think tank says.The
Read MoreTrump executive order pulls out of TPP trade deal
President Donald Trump has fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP).The 12-natio
Read MoreIndia rejects EU, Canada?s attempts for global investment agreement
India will not allow investment to become part of any global agreement that allows investors to challenge governments in an international tribunal, co
Read MoreE-portal for govt purchases will save Rs 40,000 crore annually: Commerce Ministry
The online portal launched for government purchases of goods and services would result in savings of Rs 40,000 crore annually for the exchequer, the C
Read MoreJM Financial Q3 net profit up 1.3% at Rs 119 crore
JM Financial today reported a marginal rise in net profit at Rs 118.60 crore for the third quarter of the current fiscal, up 1.28 per cent from year a
Read More$16.4-billion FDI Push Exit Button in Apr-Nov 2016
While foreign direct investment (FDI) flowing into India hit a high of $43 billion in the April-November period, a record $16.4 billion went the other
Read MoreUIDAI registration for all Aadhaar authentication devices soon
UIDAI is expected to make it compulsory, in next 4-5 months, for all biometric devices using Aadhaar authentication to embed Aadhaar encryption key in
Read MoreJapan govt keeps its economic assessment in January
Japan's government has kept unchanged the overall assessment of the economy made last month - that it is recovering gradually though pockets of weakne
Read MoreApple-Supplier Foxconn Weighs $7 Billion U.S. Display Plant
Foxconn Technology Group is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.?s main ma
Read MoreEuro zone consumer confidence rises less than expected in January
Euro zone consumer confidence rose slightly less than expected in January, preliminary data from the European Commission showed on Monday.The Commissi
Read MoreExpect 8-10% return from markets this year: Uday Kotak
Expecting 8-10 per cent return from markets this year, ace banker Uday Kotak has said India is also ready to explore various new products while there
Read MoreAIF investments swell to Rs 28,486 cr as of Dec quarter
The capital put in by alternative investment funds (AIFs) has risen to Rs 28,486 crore at the end of October-December quarter of the current fiscal, a
Read MoreCentral Public Sector Enterprises? Exchange-Traded Fund gets subscription worth Rs 13,726 cr in 2nd tranche
The second tranche of the Central Public Sector Enterprises? Exchange-Traded Fund (CPSE-ETF) saw subscription worth Rs 13,726 crore as of 6:30 pm on M
Read MoreCentral Bank to buy back perpetual bonds worth Rs 500 crore
Public sector Central Bank of India will go for a premature buyback of 9.4 per cent perpetual bonds worth Rs 500 crore. The decision was taken at the
Read MoreAsian Paints Q3 profit up 1.5% to Rs 489 crore
Asian Paints on Monday reported 1.52 per cent increase in consolidated net profit at Rs 489.31 crore for the third December quarter of the current fis
Read MoreJSW Energy posts 93% fall in Q3 net
JSW Energy Ltd has reported a whopping 93 per cent decline in net profit for the quarter ending December 31. This was due to poor electricity demand f
Read MoreIndia against Canada, EU bid on investment agreement at WTO
India has rejected an informal proposal by the EU and Canada for a multi-lateral investment pact with a provision for an investor-to-state dispute set
Read MoreBullion bears hold on to short positions
Gold prices are the highest since November in the international market and in India, too, the year has begun with prices still in a positive territory
Read MoreGAAR confusion stokes FII unease
Foreign portfolio investors (FPIs) are jittery as recently revised India-Singapore tax treaty has created confusion over general anti-avoidance rule (
Read MoreMcDonald's U.S. restaurant sales fall after five quarters of gains
McDonald's Corp's (MCD.N) sales at established U.S. restaurants fell for the first time in six quarters as the novelty of all-day breakfast failed to
Read MoreOil falls as signs of US output rise mask Opec-led cuts
Oil prices fell one per cent on Monday as signs of a strong recovery in US oil drilling activity outweighed news that Opec and non-Opec producers were
Read MoreChina's preliminary 2016 fiscal deficit $413 billion, exceeding target
China had a significantly larger fiscal deficit in 2016 than it targeted, according to a Reuters calculation based on preliminary data released on Mon
Read MoreFiscal deficit touches 4.3% of GDP in FY16: SBI Research
Not many knew it, but the Centre's fiscal deficit touched 4.3 per cent of the country's gross domestic product (GDP) in 2015-16 against the budget and
Read MoreMinimum import price of steel to go
With steel import declining and domestic consumption picking up since the imposition of minimum import price (MIP) in February last year, the Ministry
Read MoreRuia stake in Essar Steel to fall to 40%
Essar Steel lenders have approved a debt restructuring plan of the company under which banks and financial investor Farallon Capital will take majorit
Read MoreBharti Infratel Q3 net up by 25% at Rs 620 crore
Mobile tower company Bharti Infratel today reported 25 per cent increase in consolidated net profit to Rs 620 crore for the December quarter of the cu
Read MoreUltraTech to set up Rs.2,600-cr plant in Madhya Pradesh
UltraTech Cement, an Aditya Birla Group company, plans to invest ?2,600 crore in setting up a 3.5 million tonnes per annum integrated cement plant at
Read MoreOkinawa to invest Rs.270 crore to expand e-vehicle business
At a time when many auto companies in India are reeling under pressure in the electric vehicles segment, Delhi-based Okinawa Autotech Pvt Ltd has ente
Read MoreHUL net up in Q3 on property sale
FMCG major Hindustan Unilever Ltd (HUL) said on Monday it has been adversely impacted by the demonetisation move.?The impact was varied across segment
Read MoreGuiding Principles for determination of Place of Effective Management (POEM) of a Company
Publish Date : Tuesday, January 24, 2017
Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961
Publish Date : Tuesday, January 24, 2017
As nuclear loss grows, Toshiba needs chip investors, soon
With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in
Read MorePhilippines? Dominguez to Talk With China on $15 Billion Deals
Philippines Finance Secretary Carlos Dominguez will meet with key Chinese officials in a two-day visit to discuss details for $15 billion worth of eco
Read MorePBOC Conducts 60 Billion Yuan China Open-Market Operations
China?s central bank added funds to the financial system through open-market operations on Sunday, after injecting a record amount of cash last week a
Read MoreCentre needs to push stimulus, reforms in Budget: Economist Pravin Krishna
As the cash crunch issue following demonetisation seems to be over, the government needs to use the upcoming Budget to provide stimulus and pursue str
Read MoreNew expenditure classification in the Union Budget
The coming Union Budget will be the first to classify the government?s spending as revenue expenditure and capital expenditure. To make it easier for
Read MoreSebi, Corp Affairs Ministry might tighten removal of independent director
The process followed in the removal of an independent director from the board of a company has come under review. According to sources, discussions ar
Read MoreGoing gets better for Tata Steel
Never in recent times have things been looking so good for Tata Steel. The Street realises the ongoing and potential improvements in the business, see
Read MoreAmazon hires record level of office property in 2016
US-based e-commerce giant Amazon took about a million square feet of office spaces on lease last year, making it equal to what it took between 2008 an
Read MoreDemonetisation: The productivity of black money
Some, particularly politicians, might say yes to themselves in answering this question. After all after the recent demonetisation, some politicians wh
Read MoreBudget 2017: Modi govt can revive auto sector demand; 6 points to ponder
The year 2016 looked like a year of turnaround. There was a feeling that this was going to be the beginning of a fairly long upturn. While 2016 itself
Read MoreChina's property, financial sectors' growth slower in Q4 despite uptick in services
Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contribu
Read MoreTrump Team in Talks with U.K. on Post-Brexit Trade Deal
The Trump administration will lay the groundwork this week for a trade deal between the U.S. and the U.K. that would take effect after Britain leaves
Read MoreOPEC, Russia cutting oil output deeper, faster than expected
OPEC and Russia say they are ahead of schedule implementing their historic agreement to curb oil output and boost prices.Saudi Arabia, Algeria and Kuw
Read MoreGDP may further slow down if GST implemented in hurry: Tax officials to FM Arun Jaitley
Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Good
Read MoreGovt analyses cash deposits in last 10 days of demonetisation
Expanding scrutiny of suspicious transactions post demonetisation, the government has begun analysing deposits in new accounts and loan repayments as
Read MoreEase of doing business ranking: Narendra Modi govt firms up 295-pt reforms agenda for states
The Centre has firmed up a 295-point reform agenda for states to boost their ranking in the ease of doing business this year, listing dramatic improve
Read MoreE-commerce in India: From Tiger Global to Sequoia, top private equity investors tighten purse strings
Tiger Global Management isn?t having what one would call a roaring time. Its biggest bet in India? e-retailer Flipkart?posted a loss of R2,306 crore i
Read MoreCorporate results: In Q3, early birds fly in with low profits
With prices of raw materials on the rise, corporates are feeling the pinch. Total expenditure for the first lot of companies, that have reported resul
Read MoreSingapore Top Hub for Investment
Indian firms' total direct overseas investment increased by 32%to $2.49 billion in December, with Singapore emerging as the top destination. Indian fi
Read MoreAmended I-T law harsh, prone to misuse by taxmen: Experts
As the dust begins to settle on demonetization and the taxman hunts for unexplained money, there is a lurking concern among practitioners and senior l
Read MoreDonald Trump's 'buy American, hire American' slogan: Damage Assessment
US President Donald Trump?s ?Buy American, Hire American? theme threatens to disrupt global trade in goods and services. India?s pharmaceuticals and I
Read MoreIndia may face pressure to open up ecommerce sector
India is likely to face pressure from developed countries to open up its ecommerce sector. G-20 has for the first time asked various countries, includ
Read MoreTrump's stance may trigger safe-haven interest in gold
Gold prices can rise if policies of the new US President Donald Trump create risks and prompt investors to look for safe havens like the yellow metal,
Read MoreFuture Group rejigs top roles to push growth
India's largest retailer Future Group has reassigned roles of its top executives and roped in a new marketing head to push critical businesses especia
Read MoreNote ban spoils P&G?s Q3 sales performance
Procter & Gamble, the world's largest consumer products company, posted a decline in sales during October-December quarter, which the company attribut
Read MoreDubai?s Jumbo Electronics to say goodbye to India
Jumbo Electronics, Dubai?s largest consumer electronics retailer, has decided to exit India due to mounting losses, and is in talks with Hotspot, the
Read MoreRuia family may lose control over its crown jewel Essar Steel
The Ruia family faces the prospect of the group's crown jewel, Essar SteelBSE 0.41 %, slipping out of its hands as lenders and private equity investor
Read MoreTo Beef Up Reserves, RIL to Raise $2.25 B Abroad
Reliance Industries is in talks to raise as much as $2.25 `15,300 crore) in what cobillion (.uld be one of the biggest offshore debt issues by an Indi
Read MoreResale prices down 30% as realty sector feels the heat
Prices of residential units in the re-sale market have fallen by up to 30 per cent in some locations as the real estate sector gets more realistic pos
Read MoreFMCGs hit harder in urban areas
The impact of demonetisation on sales of FMCG categories in urban markets has been more than double as comapred to rural markets. The dip in volume of
Read MoreWTO: Taiwan wants to join Japan in talks with India on steel import restrictions
Taiwan has requested the World Trade Organization (WTO) for permission to join Japan?s consultations with India on a complaint against alleged import
Read MoreGlobal economy on a tightrope walk
Low growth, low interest rates and low inflation were the defining features of the global economy in the year that went by and it is interesting how m
Read MoreRealty looks to Budget for some magic
The real estate sector has been in the limelight in terms of reforms in the last few years, be it the relaxation of Foreign Direct Investment (FDI) no
Read MoreWhat?s in store for nickel
Among base metals nickel was a laggard for most parts of 2016, given the large overhang of industry stocks ? larger than any other base metal ? includ
Read MoreCircular No. 4/2017
Publish Date : Friday, January 20, 2017
Measures for reducing litigation - Clarification on Circulars 21/2015 and 8/2016
Publish Date : Monday, January 23, 2017
Crude oil, natural gas output down in Dec
Domestic production of crude oil and natural gas in December fell compared with the same month last year.While crude oil production fell by 0.8 per ce
Read MoreEight mega food parks to be ready by year-end
Eight mega food parks will be operational by the yearend and will provide a boost to the food processing industry, according Niranjan Jyoti, Union Min
Read MoreSEBI keen on reducing time between IPO closure date & listing
SEBI is working towards reducing the number of days taken for listing of a company?s shares from the date of closure of its public offering ? to four
Read MoreSEBI could consider allowing bourses to trade in their own stocks
So, the BSE is set to launch its initial public offering on January 23 in a price band of ?805-806. Through the offer, 262 of the BSE?s existing share
Read MoreGSTN to set up call centre to handle tax queries
For a smooth transition of over 80 lakh assessees to the new indirect tax regime being implemented from this July, the Goods and Services Tax Network
Read MoreRBI, Customs dept move to plug gaps in exim trade
The Customs Department and the RBI are sharing data to plug gaps in the export-import trade that leads to situations where remittances are made from i
Read MoreIndiabulls Housing Finance profit up 25% on loan growth
Indiabulls Housing Finance (IBHF) reported a 25 per cent increase in net profit at ?751 crore in the third quarter ended December 31, 2016, as against
Read MorePower min plans to Give Renewable Energy Tag to Supplies for Large Hydro Projects
The power ministry is proposing renewable energy status to supplies meant for large hydropower projects to help keep power tariffs low under the propo
Read MoreGovernment bars cooperative banks from accepting deposits under new tax amnesty scheme, PMGKY
The government has barred cooperative banks from accepting deposits Pradhan Mantri Garib Kalyan Deposit Scheme. "It is clarified that co-operative ban
Read More10 Cos Default on Bond Interest Payments
Essar Power, Jindal Steel & Power, Bhushan Steel, Amtek Auto and its arm Castex Technologies are among 10 companies that have defaulted on bond intere
Read MoreCCI clears MakeMyTrip, ibibo Group merger
The Competition Commission of India (CCI) has approved MakeMyTrip?s acquisition of rival, ibibo Group, according to documents filed by Nasdaq-listed M
Read MoreRBI closely watching US Monetary Policy impact here
Reserve Bank of India (RBI) Governor Urjit Patel told Parliament?s Public Accounts Committee (PAC) that the central bank ?is closely monitoring? US mo
Read MoreInvestors worried: Gaar may spoil tax treaty benefit for FPIs
Key benefits given to Foreign Portfolio Investors (FPIs) under amended tax treaties with Singapore, Cyprus and Mauritius may be negated by the impleme
Read MoreTough times ahead! Oracle lawsuit portends legal woes for Indian IT companies like Infosys, TCS
Technology companies including Infosys and Tata Consultancy Services, may find themselves in the line of fire as anger against outsourcing in America
Read MoreForex reserves up $687.9 mn to $359.842 bn
Country's foreign exchange reserves rose by $687.9 million to $359.842 billion in the week to January 13 helped by increase in the foreign currency as
Read MoreTrump jitters for Indian equities
The Indian benchmark indices fell 1% on Friday ahead of Donald Trump's take over as US President.While the benchmark Sensex closed 274.1 points or 1%
Read MoreBond market braces for bear hug
The bond market is slowly preparing for a lacklustre market, expecting the recent rally, the longest since 2003, to get over. Indian bonds have outper
Read MoreBOJ's Kuroda offers upbeat view on Japan, global economies
Bank of Japan Governor Haruhiko Kuroda said on Friday the country?s economy is likely to head toward a sustainable growth path as global trade and man
Read MoreInterest income lifts RBL Bank net 59% in third quarter
RBL Bank reported a 59 per cent jump in net profit at Rs.129 crore in the third quarter ended December 30, 2016, on the back of robust growth in net i
Read MoreRailways might miss capex target by over 20%
The Indian Railways (IR) is likely to miss its capital expenditure (capex) target for a second consecutive year ? this time by about 20 per cent. Sour
Read MoreP&G Profit Tops Estimates On Sales Of New, Premium Products
Pocter & Gamble (PG) reported fiscal second-quarter earnings that topped analysts' estimates as the the world's largest consumer-products maker sold m
Read MoreGE profit jumps 36 per cent, but weak revenue clouds outlook
General Electric Co reported a 36 per cent jump in fourth-quarter earnings on Friday and backed its 2017 forecasts, but its shares fell as low revenue
Read MoreUK Retail Sales Post Biggest Drop Since 2012 in December as Inflation Bites
UK retail sales declined significantly in December 2016, Chancellor of the Exchequer Philip Hammond told the Davos Economic Forum, suggesting that ris
Read MoreChina's economy grows 6.7% in 2016
The figure is in line with Beijing's growth target of between 6.5% and 7%.But the data comes days after the leader of one Chinese province admitted GD
Read MoreSebi issues norms for derivative contracts on commodities
To deepen the nascent commodity market, regulator Sebi today came out with a detailed framework on allowing derivative contracts on commodities. The d
Read MoreSebi mulls further tightening regulations for P-Notes
Markets regulator Sebi plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used f
Read MoreSensex reverses course, sinks 274 points; banks take a hit
Turned off by a set of poor quarterly numbers, market on Friday developed cold feet as the Sensex failed to stick with its two-day winning momentum an
Read MoreCanara Bank Q3 profit jumps nearly four-fold after asset quality weakens
Public sector lender Canara Bank on Friday posted its Q3 results of October-December quarter, which increased 279 percent to Rs. 322 crore compared wi
Read MoreIndian Banks Said to Seek Relief for $13 Billion Loan Revamp
Some of India?s biggest lenders are asking the central bank to ease debt-management rules as they try to restructure about 870 billion rupees ($13 bil
Read MoreAdani Power Q3 net loss at Rs 325 cr
Adani Power today reported a consolidated net loss of Rs 325.27 crore in the quarter ended December 31, mainly on account of lower plant load factor a
Read MoreSBI raises Rs 5,681 cr by issuing preference shares to govt
State Bank of India (SBI) on Friday raised Rs 5,680.99 crore by issuing preferential shares to the government. The Committee of Directors for Capital
Read MoreDemnonetisation hits NIIT, Q3 Net slides 56%
Skills and talent development company NIIT Ltd today posted a 56 per cent fall in consolidated net profit for three months ended December 31, 2016 at
Read MoreMahindra & Mahindra takes controlling stake in Turkish Hisarlar
Mahindra & Mahindra (M&M) has acquired a majority stake in Turkey-based farm equipment company Hisarlar Makina Sanayi ve Ticaret Anonim irketi (Hisarl
Read MoreMotherson to acquire PKC of Finland
The country?s biggest auto components manufacturer, Motherson Sumi System, on Friday said that it has offered to buy Finnish truck wire harness maker
Read MoreBengal Global Summit gets commitment of Rs 30k-cr investment
With President Pranab Mukherjee terming West Bengal?s transition from a debt stressed state to a revenue buoyant one, industry leaders like Sanjeev Go
Read MoreIndia: Airtel mulls exits, stake sales at some Africa operations
Bharti Airtel Ltd., India?s largest mobile-phone operator, is considering mergers or stake sales at some of its Africa operations as it looks to cut d
Read MoreFairfax may sell 25% of ICICI Lombard
Fairfax Financial Holdings is in early talks to sell 25 per cent of India's largest private general insurer ICICI Lombard in a deal that could fetch u
Read MoreCPSE ETF oversubscribed 2-times, gets bids worth Rs 12,000 cr
The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, whic
Read MoreChina?s Q4 GDP up 6.8% on-year, beating expectation for 6.7%
China's economy finished a tumultuous 2016 on a positive note as consumers stepped up spending and the property market rebounded.China's gross domesti
Read MoreWEF, UCSB partner to protect world's $2.5 trillion ocean economy
The World Economic Forum and the UCSB's Marine Science Institute have announced a partnership to improve health of world's oceans and maritime resourc
Read MoreChina's chip company to build $30 bn semiconductor factory
China's largest chip maker has announced it will invest USD 30 billion to build a new semiconductor factory, as the world's second largest economy see
Read MoreBanks to report deposits of Rs 10 lakh to I-T dept, depositors will have to disclose source
Stepping up the heat on tax dodgers, the Income Tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as
Read MoreRBI working on a plan to reduce online charges, reveal sources
The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage more digital banking, two parliamentary pan
Read MoreIndia to levy service tax on freight for imports on delivered basis
Overseas exporters chartering foreign vessels to supply goods to India will have to pay a service tax on freight from Sunday, a government notificatio
Read MoreMaldives keen on Indian investments in ports, airports
Maldives today sought investments from Indian Ocean Region countries including India, in areas such as airports, ports and maritime projects with a vi
Read More?Sweet spot? India, China to power global growth
Emerging as a sweet spot, India along with China are set to rev up world economic growth as a ?new normal? of inward-looking approach raised questions
Read MoreInland Waterways Authority of India starts work on converting 106 rivers into national waterways
Inland Waterways Authority of India (IWAI) has begun the preparatory works on converting 106 rivers into National Waterways (NWs) by making them navig
Read MoreHavells set to enter personal care space
The Noida-based makers of electrical products Havells is venturing into electronic personal care category next month and undertaking a feasibility stu
Read MoreAirtel may raise funds via bonds to take on Jio
Bharti Airtel plans to raise funds via a private placement of bonds as India?s No. 1 telco builds a war chest to take on newcomer Reliance Jio Infocom
Read MoreReliance Industries?s Lyf products will be Made in India
Reliance Industries has asked its Chinese and Taiwanese original device manufacturers (ODMs) partners, including Foxconn, to make its Lyf branded 4G s
Read MoreCredit growth slows after note ban
In the eight weeks since demonetisation, banks have lent just over Rs 60,000 crore which is way below Rs 2,66,900 crore banks disbursed in the same pe
Read MoreTheresa May pitches post-Brexit Britain as champion of free trade
Theresa May pitched post-Brexit Britain as a champion of globalisation and free trade, saying she wants to defend the ?rules-based international syste
Read MoreSensex valuation back to pre-note ban levels
Pushed by domestic investors, the Dalal Street has overcome the demonetisation blues, with the benchmark BSE Sensex valuation back to pre-currency swa
Read MoreMyntra?s Vector E-commerce posts Rs.8.72-cr loss in FY16
Online fashion portal Myntra?s largest seller Vector E-commerce Pvt Ltd has posted a 40 per cent growth in its sales at Rs.1,747 crore in FY2016 as ag
Read MoreBombay Dyeing to open more stores in TN, expand distribution network
With the focus now on retail business, the 137-year-old textile manufacturer Bombay Dyeing and Manufacturing Company has big plans for Tamil Nadu. Spe
Read MoreWind sector shrugs off note ban, Q3 capacity addition up
The wind power industry seems to have managed the effects of the demonetisation well, judging by the fact that the capacity additions in November and
Read MoreParinee Realty gets Rs.350 cr from Edelweiss arm
Mumbai-based Parinee Realty has raised Rs.350 crore from ECL Finance, the non-bank finance arm of Edelweiss Group, for its under construction project
Read MoreFIPB clears 6 FDI proposals worth Rs 1,187 cr
Inter-ministerial body FIPB on Thursday approved six investment proposals, including that of Sanofi Synthelabo India, Star Den Media Services and Idea
Read MoreTelling critics to be patient, ECB sticks to ultra-easy policy
The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening - like economic powerhouse Germa
Read MoreRetailer Carrefour Q4 sales growth slows as France lags
Carrefour, the world's second-largest retailer, said sales growth slowed in the fourth quarter, reflecting a weaker performance in its core French mar
Read MoreOpec output cuts under scrutiny as market tightens -IEA
World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by Opec and other producers will be impl
Read MoreHandicrafts exports rise 8.3% to $ 2.67 bn overall textile & garment sector trend
Handicrafts exports rose 8.3% in the April-December period of this fiscal year to $2.67 billion from a year ago, outperforming the overall textile and
Read MoreSebi prepares to allow options trading in commodity bourses
Market regulator Sebi Thursday came out with draft norms that seek to allow options trading in commodity bourses as part of efforts to deepen the nasc
Read MoreGood news on tax on Indian assets turns FPI?s bullish; buy shares worth $75 mn in 2 sessions
With the government having put on hold a contentious circular on taxation of indirect transfers of Indian assets, foreign investors are breathing easy
Read MoreRupee falls to one-week low against dollar; down by 5 paise
The rupee weakened further by 5 paise to close at one-week low level of 68.13 against the resurgent dollar amid a hawkish tone from the US Federal Res
Read MoreBank deposits up 0.64 per cent in Jan 6 fortnight
After falling in the previous fortnight, banks deposits again jumped by 0.64 per cent in the fortnight to January 6, according to the Reserve Bank dat
Read MoreYes Bank profit rises 31% to Rs 882.6 crore in Q3 of 2016
Yes Bank on Thursday posted a 30.6 per cent rise in net profit at Rs 882.63 crore for the third quarter ended December 2016, on lower provisions for b
Read MoreFund-raising by healthcare start-ups dips 56% to $71 m
Venture capital investment in Indian Healthcare Information Technology (HIT)/Digital Health start-ups has declined 56% year-on-year in 2016 at $71 mil
Read MoreUCWeb to invest Rs 200 cr in India, Indonesia over 2 years
Alibaba Mobile Business Group firm UCWeb plans to invest Rs 200 crore in India and Indonesia over the next two years to push distribution of user gene
Read MoreAxis Bank Q3 net plunges 73% to Rs 580 cr
A sharp drop in Axis Bank?s net profit for the December quarter due to higher provisions for bad loans overshadowed better perfomance by Federal Bank,
Read MoreHDFC gives SBI, ICICI Bank competition on home loan rate
HDFC will offer women borrowers home loans at 8.65% and others at 8.70% for loans up to Rs 75 lakh. The mortgage lender?s rates are now competitive wi
Read MoreNotification No. 04/2017-Service Tax
Seeks to amend notification No. 26/2012-ST dated 20.06.2012 so as to rationalize the abatement for tour operator services
Read MoreNotification No. 03/2017-Service Tax
Seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the person complying with the sections 29, 30 or 38 read with section 148
Read MoreNotification No. 02/2017-Service Tax
Seeks to amend Service Tax Rules, 1994 so as to, (i) exclude such persons from the definition of aggregator who enable a potential customer to connect
Read MoreNotification No. 01/2017-Service Tax
Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be
Read MoreNotification No. 02/2017-Central Excise
Seeks to further amend Notification No. 12/2012-Central Excise dated 17.03.2012 to prescribe an effective rate of excise duty of 12.5% on Motor Vehicl
Read MoreNotification No. 01/2017-Central Excise
Seeks to further amend notification No. 02/2011-Central Excise dated 1st March, 2011.
Read MoreCircular No.03/2017-Customs
Import of Point of sale (PoS) terminal devices,its cells and batteries and labelling requirements thereof
Read MoreCircular No.02/2017-Customs
Amendments effective from 15-01-2017 to the All Industry Rates of Duty Drawback
Read MoreCircular No.01/2017-Customs
Regarding extending the Single Window Interface for Facilitation of Trade (SWIFT) to Exports
Read MoreNotification No. 04/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Nylon Filament yarn originating in or exported from China PR, Chinese Taipei, Malaysia, Indo
Read MoreNotification No. 03/2017-Customs (ADD)
Seeks to extend the levy of anti-dumping duty, imposed on Saccharine originating in or exported from China PR under notification No. 07/2012-Customs (
Read MoreNotification No. 02/2017-Customs (ADD)
Seeks to levy provisional ant-dumping duty on 'Colour coated/pre-painted flat products of alloy or non-alloy steel' originating in or exported from Pe
Read MoreNotification No.05/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 20th January, 2017
Read MoreNotification No.04/2017 Customs (N.T.)
Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No.03/2017 Customs (N.T.)
Regarding in amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIR of duty drawback
Read MoreNotification No. 4/2017 [F.No. 173/51/2013-ITA-I
Publish Date : Wednesday, January 18, 2017
Fiscal calculations may not upset the budget plans
The government plans to show a massive increase in public investment expenditure in Budget 2017-18 even if that means making some compromises with the
Read MoreSensex ends higher, Nifty above 8,400 ahead of ECB meeting
The benchmark indices on Thursday settled higher thanks to gains in index heavyweight stocks such as ITC, Tata Motors and Infosys even as Asian market
Read MoreUCWeb to invest Rs 200 crore in India, Indonesia over 2 years
Alibaba Mobile Business Group firm UCWeb plans to invest Rs 200 crore in India and Indonesia over the next two years to push distribution of user gene
Read MoreCentre approves building of 78,500 more homes in Tamil Nadu, West Bengal, Kerala
The Centre today approved construction of over 78,500 more houses for urban poor in three states ? Tamil Nadu, Kerala and West Bengal ? with an invest
Read MoreNABARD projects Rs 1,28,199.38 crore credit potential for Kerala
The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 1,28,199.38 crore towards priority sector lend
Read MoreEuro zone investments fall, current account surplus widens in November: European Central Bank
Investments in the euro zone fell sharply in November while the bloc's current account surplus widened, the European Central Bank said on Thursday. T
Read MoreCabinet approves trade pact talks with Peru
The Union Cabinet on Wednesday gave its nod for holding negotiations for a trade agreement with Peru on trade in goods, services and investment. The d
Read More$418 million FDI in April 2014-September 2016 in diamond, gold, ornaments
India has attracted USD 418 million foreign direct investment (FDI) during April 2014 - September 2016 in diamond, gold and ornaments, the Commerce an
Read MoreGreek credit contracts 1.0 pct y/y in November- central bank
Total credit in Greece's banking system contracted 1.0 percent year-on-year in November after shrinking by 1.3 percent in the previous month, Bank of
Read MoreAshok Leyland eyes market share growth with new trucks Guru and Partner
Truck and bus maker Ashok Leyland on Wednesday introduced two new trucks ? Guru and Partner ? to fill a gap in its portfolio in the ICV (intermediate
Read MoreRIL, Russian petrochem major SIBUR ink pact to set up rubber unit in Gujarat
Reliance Industries Ltd (RIL) on Wednesday announced the signing of a joint venture agreement with Russian petrochemical giant SIBUR to set up South A
Read MoreNote ban: Currency in circulation shows rise after 9 weeks of fall
For the first time after the decision announced on November 8 to demonetise high value notes, currency in circulation has showed net rise in a week.In
Read MoreGovt to give Rs 10,000-cr incentive to electronic manufacturers
The Cabinet on Wednesday amended the Modified Special Incentive Package Scheme (M-SIPS) to boost electronic manufacturing. Under the amended rules, co
Read MoreU.S. industrial output rises 0.8 percent as utilities surge
U.S. industrial production rebounded in December due to the biggest jump in utilities since 1989 as temperatures cooled across the country.The Federal
Read MoreAsian growth outlook bright despite uncertainty
A United Nations report says Asia's economic outlook for 2017 is strong despite slowing global growth due to sluggish international trade and investme
Read MoreOil prices fall on strong dollar, U.S. output rise expectations
Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's outp
Read MoreChina iron ore, steel fall after rapid rise; ore restocking done
Iron ore and steel futures in China dropped more than 1 percent on Wednesday, falling back after rapid gains that pushed the steelmaking raw material
Read MoreCash is king for diamond market reeling from Modi?s demonetisation move
As diamond traders descend on Botswana this week for one of the year?s biggest sales, the $14 billion industry is struggling to recover from India?s w
Read MoreEquity funds add over 43 lakh investor accounts in 2016
Equity mutual funds seem to be in top gear as they witnessed addition of over 43 lakh investor accounts or folios in 2016, taking the total tally to n
Read MoreRBI may effect 25 bps rate cut on Feb 8, in April: BofA-ML
The Reserve Bank of India is expected to go in for a 25 bps rate cut at its next monetary policy meet on February 8 ? as also in April ? says a Bank o
Read MoreNon-food credit growth hits multi-year low of 5.1%
Non-food credit growth continued its downward trajectory in the fortnight ended January 6, hitting a multi-year low of 5.1% on a year-on-year (y-o-y)
Read MoreCREDIT DEFAULT RISK FALLS AT SBI ON DEPOSITS
The cost of insuring the bonds of SBI dropped to the lowest in almost six years as deposits surged after prime minister Narendra Modi forced residents
Read MoreAppsFlyer raises $56 mn from Qumra Capital, 3 others
AppsFlyer, a marketing data analytics firm, has raised USD 56 million (about Rs 381 crore) in latest round of funding. This was led by new investors Q
Read MoreReliance Defence delivers Panamax bulk carrier to global shipping company
Reliance Defence and Engineering Limited (RDEL), a subsidiary of Reliance Infrastructure Ltd, said on Wednesday that it has delivered a 74,500 deadwei
Read MoreIn a first in 6 years, TCS revenue set to fall short of $1 bn target
India?s largest IT services exporter Tata Consultancy Services (TCS), which has consistently added over a billion dollars in incremental revenues over
Read MoreNo TDS or advance tax credit for disclosure under PMGKY: Govt
The Central Board of Direct Taxes (CBDT) on Wednesday clarified that no credit will be allowed against advance tax paid or the tax deducted at source
Read MoreGovernment pushes for zero electronics imports by 2020
In a bid to eliminate imports of electronic items by 2020 and boost domestic manufacturing, the Union Cabinet on Wednesday approved amendments in the
Read MoreWarburg Pincus buys 14% stake in PVR for Rs 820 cr
Global private equity firm Warburg Pincus on Wednesday announced its affiliates have acquired an equity stake of 14 per cent in multiplex chain PVR fo
Read MoreRBI replaces 60% of banned currency: Rs 9.2 lakh cr remonetised till date
The Reserve Bank of India (RBI) has infused around 60 per cent of the total banned currency notes after demonetisation.The RBI Governor Urjit Patel to
Read MoreCabinet OKs listing general insurance companies in a boost to divestment plan
The government has approved listing of five state-run general insurance companies, Finance Minister Arun Jaitley said on Wednesday. This clears the wa
Read MoreIndia?s cash crunch seen biting into economic growth
India?s economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi?s ban on high-value notes hurt consumption and busi
Read MoreDomestic demand, exports to help Indian companies: S&P
Strong domestic demand and cost competitiveness in exports will help Indian companies to overcome uncertainties from global geopolitical changes and d
Read MoreIndia's 'dynamic economy' to grow at 7.7%: UN
India is one of the most "dynamic emerging economies" and is likely to grow at 7.7 per cent this year on strong private demand and government reforms
Read MoreIrdai's protection to a few reinsurers riles industry
In a move that favours few players in the reinsurance market, the Insurance Regulatory and Development Authority of India (Irdai), on Tuesday, impleme
Read MoreOil price rises on weaker dollar, Saudi commitment to cut output
Oil prices rose on Tuesday, supported by a falling US dollar and Saudi Arabia saying it would adhere to Organisation of the Petroleum Exporting Countr
Read MoreFPI outflows of USD 11 billion in Oct-Dec being analysed: Sebi
The outflow of USD 11 billion of foreign portfolio investment in the October-December quarter is being analysed to assess the extent of impact of demo
Read MoreMutual funds cheer move to allow celebrity endorsements
Mutual funds have welcomed the regulator?s decision to allow celebrity endorsements. The Association of Mutual Funds in India (Amfi) is planning to co
Read MoreUN expects 2017 global growth to rise to 2.7%
The United Nations expects global economic growth to rise to 2.7 per cent this year and 2.9 per cent in 2018, up from 2.2 per cent in 2016 and said Br
Read MoreECB sees euro zone bank lending growing in first quarter
Euro zone banks expect loan demand to rise and qualifying to borrow to be easier in the first quarter of 2017 as economic activity continues to expand
Read MoreBritain to leave EU market as May sets 'hard Brexit' course
Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a c
Read MoreTax breather for foreign investors: All you need to know
Foreign portfolio investors (FPI) can now breathe easy with the Income Tax (I-T) Department on Tuesday putting in abeyance its controversial circular
Read MoreFlipkart reduces its loss by half; investor Tiger Global takes charge
Flipkart Internet, the marketplace arm of India?s largest e-commerce firm, has reduced its losses to Rs 1,296 crore in the nine months to December in
Read MoreVijaya Bank raises Rs 325 crore via bonds
State-owned Vijaya Bank today raised Rs 325 crore through private placement of bonds to fund business growth. "The bank has raised Basel III compliant
Read MoreReNew Power secures $390-m debt funding
ReNew Power Ventures Private Limited has secured a long-term debt financing of $390 million from Asian Development Bank (ADB).In a statement, ADB note
Read MoreRajasthan-based Miraj group to invest Rs 100 crore more in multiplexes
Miraj Group, a Rajasthan-based diversified business group, has earmarked additional Rs 100 crore for its multiplex business, operating under Miraj Cin
Read MoreMorgan Stanley Q4 Profits Surge 83% On Trading Gains, But Wealth Management Remains Growth Engine
Investment bank Morgan Stanley capped a banner second half of 2016 that included a 60% surge in its stock by blowing out Wall Street expectations for
Read MoreDubai economy grows 2.7% in 2016, faster growth expected in 2017
Dubai?s economy grew 2.7 per cent in real terms last year despite declining oil prices and sluggish global trade, His Highness Sheikh Ahmed Bin Saeed
Read MoreGeneral Motors says to invest additional $1 billion in U.S.
General Motors Co (GM.N) on Tuesday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts productio
Read MoreU.K. Inflation Surges on Pound Slump as May's Brexit Takes Shape
U.K. inflation accelerated to the fastest pace in more than two years in December as the pound?s decline drove a surge in import costs.As Brexit uncer
Read MoreIron Ore Earns ?Big Puzzle? Tag as Rally Flummoxes Bears
Iron ore?s rally is foxing even the experts. The commodity?s surge to the highest level in more than two years at a time of ample supplies is an enigm
Read MoreInvestors in for stronger growth, but reluctant to slash cash: BoFAML
Investor expectations of global growth improved to a two-year high level to 62% from 57% in December, while global inflation expectations remain eleva
Read MoreBest India Bond Run Since 2003 Drives Strategists to Caution
It?s getting increasingly hard for strategists to stay bullish on Indian bonds after the longest rally since 2003.Even as a banking system awash with
Read MoreReserve Bank of India may consider a rate cut in first half of 2017: DBS
The Reserve Bank of India (RBI) is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a D
Read MoreQualcomm to invest $8.5 m on design initiatives in India
Global chip maker Qualcomm today announced investment of $8.5 million for expansion of its design initiatives in India, which would primarily include
Read MoreHavells India Q3 net profit up 27% at Rs 153 cr
Consumer electrical goods maker Havells India today reported 27.54 per cent increase in net profit at Rs 152.97 crore for the third quarter ended Dece
Read MoreEdu-tech firm Byju?s buys Bengaluru based learning platform Vidyartha
Byju?s, one of the largest edu-tech companies in India, has announced the acquisition of Bengaluru-based Vidyartha, a data-driven platform offering cu
Read MoreNIIT Technologies Q3 net falls 10% to Rs 62 crore
IT major NIIT Technologies on Monday posted a 10 per cent fall in its net profit for the third quarter ended December at Rs 62.4 crore, as compared to
Read MoreContinue plans to reduce public debt, deficit: IMF
Countries with higher public debt levels like India should continue to implement their medium-term plans to reduce debt and deficits, an IMF official
Read MoreFIIs, institutions put in bids of Rs6,000 crore for CPSE ETF
The second tranche of the exchange traded fund (ETF) based on stocks of central public sector enterprises (CPSEs) was subscribed at least four times b
Read MoreSBI hits overseas debt market with $500-mn 5-year bond sale
The nation?s largest lender State Bank of India (SBI) has hit the international debt market with a benchmark issue to raise around $500 million as par
Read MoreCash-burn crisis: Snapdeal loss more than twice revenue at Rs 3,315 cr, nears snapping point
E-retailer Snapdeal notched up losses that were more than twice its revenues last year, a sign of how much cash is being burnt in the sector. Losses o
Read MoreWith Indian Railways? traffic receipts set to be flat, Budget 2017 may retain capex plan to ensure expansion
With traffic receipts falling way short of target in a stuttering economy, Indian Railways will need to aggressively curb its working expenses to prod
Read MoreBudget 2017: Arun Jaitley may cut MAT along with corporate tax
Along with a likely 2-percentage-point cut in the corporate tax rate in the FY18 Budget, the government may also make a similar reduction in minimum a
Read MoreNotification No.RBI/2016-17/214
Auction of Government of India Dated Securities RBI/2016-17/214
Read MoreNotification No.RBI/2016-17/213
Evidence of Import under Import Data Processing and Monitoring System (IDPMS)
Read MoreNotification No.RBI/2016-17/212
Evidence of Import under Import Data Processing and Monitoring System (IDPMS)
Read MoreNotification No.RBI/2016-17/211
Exim Bank's GoI supported Line of Credit of USD 0.17 million to the Government of the Republic of Burundi
Read MoreCircular No.2 of 2017
Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Read More?Notification No. 3/2017
Notification No. 3/2017 [F. No. 504/05/2003-FTD-I] / SO 64(E)
Read MoreNotification No.RBI/2016-17/210
Auction of Government of India Dated Securities
Read MoreProcedure for registration for statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with rule 114E of Income-tax Rules, 1962
Publish Date : Friday, December 30, 2016
Procedure for registration and submission of Form V for reporting under Pradhan Mantri Garib Deposit Scheme (PMGK), 2016
Publish Date : Friday, December 30, 2016
Procedure for registration and submission of statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
Publish Date : Tuesday, January 17, 2017
Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Publish Date : Wednesday, January 18, 2017
Demonetisation: UBI sees credit growth at 7-8 per cent by the end of financial year
Credit growth of United Bank of India (UBI) at the end of FY 2016-17 will be as low as 7-8 per cent due to demonetisation impact, its MD & CEO P Bajaj
Read MoreNew credit card users rise post demonetisation; SBI issues record cards in December
The second largest card issuer in the country SBI card has seen a significant rise in new card issuances post demonetization. In the month of the Dece
Read MoreCrompton Greaves bags $105 million order from Indonesia's PT PLN
Crompton GreavesBSE 0.39 % has bagged an order worth $ 105 million (Rs 720 crore) from PT PLN, the state-owned electricity company of Indonesia, the A
Read MoreSingapore December exports jump 9.4 pct y/y, top expectations
Singapore's non-oil exports rose more than expected in December from a year earlier as shipments to China jumped, official data showed on Tuesday.Non-
Read MoreUK businesses wary about investment on Brexit doubts
British businesses are increasingly cautious about their investment plans as they worry about how the country's planned departure from the European Un
Read MoreAUMs at all-time high of Rs 16.46-trillion in December, may cross Rs20 trillion
The assets under management (AUM) of the mutual fund industry touched an all-time high of Rs 16.46 trillion in December, according to the data from th
Read MoreRetail inflation likely to soften to 4.5 per cent in 2017
The Consumer Price Index (CPI) is likely to soften to 4.5% in 2017 from 4.9% in 2016, said rating agency ICRA in a report.Key factors that will domina
Read MoreDemonetisation has hit India?s growth: IMF
The Naredra Modi government?s demonetisation move could dampen India?s growth by one percentage point in the current fiscal year and 0.4 percentage po
Read MoreIndia inks financing pact with World Bank for $48 million
Multilateral lending agency World Bank and India today signed a financing agreement for IDA credit of USD 48 million (equivalent) for the 'Nagaland He
Read MoreGold rebounds on global cues, local demands
Gold prices recovered by Rs 150 to Rs 29,500 per 10 grams at the bullion market on Monday, tracking a firm trend overseas amid fresh buying by local j
Read MoreOil prices slip on doubts over planned output cuts
Oil prices slipped on Monday, pressured by doubts that large oil producers will reduce production as promised and on expectations that US production w
Read MoreReliance Retail's Q3 pre-tax profit rises 40% to Rs 333 crore
Reliance Retail, the retail subsidiary of Reliance Industries, reported a 40.5 per cent jump in its profit before interest, depreciation and tax (PBDI
Read MoreRay-Ban maker Luxottica agrees 46bn euro merger with Essilor
The Italian eyewear designer, which owns Ray-Ban and Oakley, is to merge with French lens maker Essillor.Combined, the two firms will be worth about 4
Read MoreSaudi to launch $30-50 billion renewable energy programme soon
Saudi Arabia will launch a renewable energy programme in coming weeks that is expected to involve investment of between $30 billion and $50 billion by
Read MoreLife insurance new business premiums grow by 21%
Life insurance industry continued to see strong growth in December as private players reported higher growth at 26% year-on-year. According to the Kot
Read MoreMarket makes tepid recovery, banks take the lead
The stocks today showed resilience in the face of lurking inflation fears as the Sensex edged up to end at 27,288, helped by financial stocks, amid bu
Read MoreM&As Seen Driving India Dollar Offerings as Costs Drop
Indian dollar-denominated bond sales are set to accelerate in 2017 as mergers and acquisitions and the cheapest borrowing costs in more than two years
Read MoreHindustan Zinc's metal production rises by 21% in Oct-Dec
Vedanta Group firm Hindustan Zinc 's mined metal production increased by 21 percent to 2.76 lakh tonnes in the third quarter of ongoing fiscal on th
Read MoreZoloStays raises Rs 34 cr in Series A funding
ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo, has raised $5 million in Series A funding led by existing i
Read MoreAmazon extends seller support services to 3 regional languages
Amazon India has launched a regional language support service for its sellers in three Indian languages ? Kannada, Tamil and Telugu. Currently, the se
Read MoreMangalore Refinery and Petrochemicals sets out massive expansion drive, to invest Rs 24,000 cr
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, is embarking on a fourth phase expansion involving a massive investment of
Read MoreMark Zuckerberg?s Facebook India profit jumps 48.4% to Rs 31 cr; advertising spend up 84%, wage bill up 26%
Facebook India Online Services, the Indian subsidiary of social media platform Facebook Inc, posted a 48.4% jump in its net profit at R31 crore in FY1
Read MoreRising petrol, diesel prices push WPI inflation to 3.39%
Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016, reversing the declining trend and neutralising the impact
Read MoreHigh refining margins boost RIL?s standalone Q3 net profit
Oil-to-telecoms conglomerate Reliance Industries Ltd. beat analysts? estimates to post a 10% increase in third?quarter standalone net profit, as high
Read MoreDemonetisation hits Indian economy; IMF cuts FY18 growth 100bps, 40bps on note ban alone, to 6.6%
The International Monetary Fund on Monday slashed India?s gross domestic product (GDP) growth forecast by 100 basis points (bps) to 6.6% in FY17 and b
Read MorePrivate equity investment jumps 65% to Rs 38,000 cr in real estate
The real estate sector attracted R38,000 crore as private equity investments in 2016, up 62% over the previous calendar year, according to property co
Read MoreATM withdrawal limit up at Rs 10,000, weekly limit stays at Rs 24000
In a major relief, the Reserve Bank today more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000.R
Read MoreIndia Fuel Consumption To Hit 200 Million Tonnes In 2016-17: Oil Ministry
India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such l
Read MoreAfter liberal concessions by Centre, GST council inks breakthrough, new tax regime roll-out on July 1
In a breakthrough that has cleared the long-gathered clouds over the goods and services tax (GST) and brightened the prospect of its roll-out from Jul
Read MoreFinance Ministry finalising fund infusion of more than Rs 25,000 crore for public sector banks
The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders whic
Read MoreBusinesses can unlock $12 trillion via key development goals
Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development g
Read MoreFrom Wall Street to luxury, Zameer Kassam sells diamonds his way
The diamond industry is facing a period of consolidation, but one upstart jeweler is steadily carving out a reputation for himself in a sector that's
Read MoreBrazil a 'cornucopia of possibilities' in spite of political upheaval, rate cuts
Brazil's turbulent 2016 ? in which the country played host to a troubled Olympics as corruption scandals swirled around impeached President Dilma Rous
Read MoreIMF raises China growth forecast but warns on debt
The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's fi
Read MoreDanone to double India business by 2020, lines up 10 new products
French nutrition and dairy major Danone plans to double its business in India by 2020 for which it will bring in more global brands here and has lined
Read MoreMukesh Ambani plows $4.4 billion more in 4G unit to bolster Jio's war chest
India?s richest man isn?t done yet. After plowing $25 billion into starting a national fourth-generation mobile network, billionaire Mukesh Ambani is
Read MoreDemonetisation cost realty sector Rs 22,000 cr
The real estate industry in India was badly hit by the drop in sales in the last quarter of 2016 following demonetisation. Excerpts from a report by K
Read MoreFuel consumption to hit 200 million tonnes in 2016-17
India's fuel consumption is likely to hit 200 million tonnes in 2016-17, an oil ministry executive said on Monday, in what would be the highest such l
Read MoreBudget 2017: Government may accord infrastructure status to low-cost housing
The government may tweak the definition of the infrastructure sector in the upcoming budget to include low-cost or affordable housing, a move that wou
Read MoreWorld?s economic model deeply flawed
Terming the current economic model of the world ?deeply flawed?, a new study today said sustainable business plans can open up economic opportunities
Read MoreIndia's wholesale prices up 3.39% in December
India's wholesale inflation firmed up in December led by higher inflation in non-food products. Data released by commerce and industry ministry on Mon
Read MoreLimited room to reduce fiscal deficit to 3 per cent in FY'18: Moody's
The government is likely to achieve its fiscal deficit target of 3.5 per cent of GDP in the current fiscal but higher infrastructure spending will lim
Read MoreEarnings preview: RIL's Q3 inventory gains may surprise investors
Reliance Industries is likely to post a sequential increase in standalone profit for the eighth quarter in a row, helped by the world's largest refine
Read MoreWarburg aims for $8 billion investments in 10 years in India
Private equity group Warburg Pincus may invest $8 billion in India over the next 10 years ? twice of what it did in two decades ? as the New York-head
Read MoreFPIs have sold equities worth Rs.3,809 cr in Jan
Foreign investors have pulled out over Rs.3,800 crore from the country?s equity markets so far this month over concerns regarding ?lower prospects? of
Read MoreTV18 Broadcast okays merger of 4 subsidiaries
TV18 Broadcast today said its board of directors has approved amalgamation of Equator Trading Enterprises, Panorama Television, RVT Media and ibn18 (M
Read MoreIndia's oil demand growth rate to eclipse China's
India's oil consumption is expected to rise 7-8 per cent this year, outpacing China's demand growth for the third consecutive year, as impact of demon
Read MoreRural housing scheme gathers pace to ease note ban pain
The Centre has swung into action to build 14.3 million houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-Gramin) by 2018-19, 30 per cent more t
Read MoreWorldwide IT spending to grow 2.7 per cent in 2017: Gartner
Worldwide information technology (IT) spending is projected to total $3.5 trillion in 2017, a 2.7 per cent increase from 2016, according to Gartner, I
Read MoreGold price expected to strengthen this year
Following the price decline in gold during the last two months of 2016, the mood in the market is understandably cautious on the yellow metal. It is i
Read MoreWanda Posts First Sales Decline in at Least 11 Years
Dalian Wanda Group Co.?s revenue fell for the first time in at least 11 years after a slump in its property business outweighed growth from entertainm
Read MoreInfosys looks at platforms as biz, to take it to new customers
Infosys, India?s second-largest software exporter, is planning to take its software platforms to a larger set of customers and earn 10 per cent of its
Read MoreTata Sons may beef up control of group firms
Tata Sons is considering a new structure to strengthen its control over operating companies after appointing N Chandrasekaran new chairman. Tata Sons
Read MoreGovt making room for MNCs? Apple, Ikea may get breather on labelling
Cupertino-based Apple Inc?s list of demands for starting to manufacture its products in India is long, and it is yet to set up a store in the country
Read MoreBritain may change 'economic model' if shut out of EU single market: Hammond
Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, Britis
Read MoreFiscal deficit target: Narendra Modi govt set to achieve 3.54% target easily over buoyant tax receipts
The Centre will very comfortably meet its FY17 fiscal deficit target of 3.5% of the gross domestic product (GDP) thanks to buoyant tax receipts, likel
Read MoreAutomobile exports from India decline by 5% in 2016
India's automobile exports across categories fell 5 per cent in 2016 dragged down by lower sales of two and three-wheelers in various markets, includi
Read MoreDemonetisation: RBI's own figures indicate return of 15 lakh crore of banned notes
Despite the Reserve Bank of India dismissing reports that suggested 97 per cent of the demonetised currency had returned to the bank's coffers by Dece
Read MoreReliance Jio to invest Rs 30,000 crore more in networks
Reliance Industries will spend another Rs 30,000 crore to enhance the network coverage and capacity of Reliance Jio Infocomm, taking the total investm
Read MoreDemonetisation impact: Retail inflation hit two-year low in December
India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales following the government's
Read MoreBRICS nations establishing themselves as economic force: KV Kamath
BRICS countries are establishing themselves as an economic force, eminent Indian banker and New Development Bank chief KV Kamath has said, expressing
Read MoreTrade deficit at $10.4 bn on export, import rise
Trade numbers for December released on Friday provide more cheer for the economy a day after November industrial growth numbers surprised on the upsid
Read MorePost notes ban, card transactions shot up by 90 per cent Q3 FY17: India Ratings
Post demonetisation, the card based transactions has risen up to 90 per cent of total sales in third quarter of 2016-17, India Ratings and Research (I
Read MoreIndia's share of global economy to increase: Lars Heikensten, Executive Director, Nobel Foundation
Lars Heikensten, executive director of the Nobel Foundation, said he expects India's share of the global economy to increase while commenting on the r
Read MoreYellen Sees No Serious Short-Term Obstacles for U.S. Economy
Federal Reserve Chair Janet Yellen said the U.S. economy faces no serious short-term obstacles, though it must deal with important long-term challenge
Read MoreU.S. retail sales boosted by auto demand; producer prices climb
U.S. retail sales rose in December amid strong demand for automobiles and furniture, providing further evidence that the economy ended the fourth quar
Read MoreJPMorgan profit rises 24% as US election stimulates trading
JPMorgan Chase & Co, the No. 1 US bank by assets, reported a 23.8 per cent rise in quarterly profit on Friday, helped by a surge in investor activity
Read MoreIndia's 2016 Iran oil imports hit record high
India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran,
Read MoreIndia imposes anti-dumping duties on some steel products
India has imposed anti-dumping duties on colour-coated or pre-painted flat products of alloy or non-alloy steel imported into the country, a governmen
Read MoreSebi notifies rules for direct trade by FPIs in corp bonds
With an aim to deepen the capital market, regulator Sebi has notified guidelines permitting well-regulated foreign portfolio investors (FPIs) to trade
Read MoreRBI may cut repo rate by 25 basis points in Feb: HSBC report
With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 per cent CPI in medium term, Reserve Bank may cut repo rate
Read MoreForex kitty down $1.14 billion to $359 billion
A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Re
Read MoreAxis Bank cuts MCLRs by 65-70 bps across tenures
Private-sector lender Axis Bank on Friday reduced the marginal cost of funds-based lending rates (MCLRs) by 65 to 70 basis points (bps) across tenures
Read MoreDemonetisation and e-payments: USSD transactions in first 11 days of January cross entire December?s value
The value of transactions made through the Unstructured Supplementary Service Data (USSD) channel between January 1 and 11 crossed the aggregate value
Read MoreMaruti aims at razing traditional segments, creating new space
To keep pace with fast changing customer preferences, the country's largest carmaker Maruti Suzuki India said that it is ready to demolish traditional
Read MoreInfosys trims revenue outlook as outsourcers brace for tighter US regime
Infosys Ltd, India's second-biggest software services exporter, pared its full-year revenue growth outlook as it fights uncertainties in its biggest m
Read MoreBofA Raises Forecast for Interest Income as Profit Climbs 43%
Bank of America Corp. boosted its forecast for interest income after reporting that fourth-quarter profit rose 43 percent on improvements in credit qu
Read MoreChina posts worst export fall since 2009 as fears of U.S. trade war loom
China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand an
Read MoreExports rise for 4th month in Dec; up 5.72% at $23.9 billion
India's exports continued to grow for the fourth straight month in December 2016, expanding by 5.72 per cent to $23.9 billion compared to $22.6 billio
Read MoreOman India fund raises $220 million for new offering
The Oman India Joint Investment Fund has raised $220 million towards the first close (tranche) of its new fund of $300 million. The anchor investors i
Read MoreRule amended on January 3: New Year GIFT for MNC law and audit firms
Foreign law and accountancy firms now have a chance to operate in India on their own. On January 3, the ministry of commerce and industry amended a ru
Read MoreMahindra Lifespaces to develop Rs 3,000-cr industrial park in Gujarat
Mahindra Lifespaces Developers Ltd (MLDL), the real estate and infrastructure development arm of the $17.8-billion Mahindra Group, has said it would d
Read MoreData centres reap a windfall post demonetisation
At a time when many companies are ruing over the loss of business opportunities and fall in revenues, data centre operators in the country are reaping
Read MoreGlobal semiconductor spending to grow 2.9% in 2017: Gartner
Global semiconductor capital spending is projected to grow 2.9 per cent in 2017 to reach $69.9 billion, market research firm Gartner said on Friday.Th
Read MoreMSEI to trade in gold bonds, interest rate futures
Metropolitan Stock Exchange India (MSEI) has introduced trading in Sovereign Gold Bonds and interest rate futures (IRFs) to provide a diversified prod
Read MoreHero MotoCorp enters Argentina with ?New Glamour?
Pawan Munjal led Hero MotoCorp, India?s largest two wheeler maker entered the Argentine market with its 125 cc bike ?New Glamour? ? the first ever glo
Read MoreEPFO extends deadline for payment of EPF dues till January 20
Retirement fund body EPFO has extended deadline for payment of EPF contributions by five days till January 20 in view of difficulties being faced by f
Read MoreRBI may cut repo rate by 25 basis points in February: HSBC report
With uncertainty over implementation of GST, rising crude oil prices and the challenging 4 per cent CPI in medium term, Reserve Bank may cut repo rate
Read MoreRupee rebounds 24 paise to one-week high on weak dollar
The rupee on Thursday staged a spectacular recovery against the American currency by surging 24 paise to end at one-week high of 68.08 on fresh bouts
Read MoreWhat aam aadmi wants from Budget 2017
A cut in income tax rates and greater spending on infrastructure ? these are the key expectations of people from the upcoming budget following demonet
Read MoreImport cover of forex reserves rises to 12 months
The import cover of India?s foreign exchange reserves has increased to 12 months as on September-end 2016 from 10.9 months as on March-end 2016, accor
Read MoreBond yields, Rupee to see higher impact due to Budget than markets
The past few months have seen massive volatility in the global foreign exchange market. The dollar is up, the yen has crashed and most other currencie
Read MoreIndia's contribution to world GDP to reach 17% this yr: PwC
India grew fastest among major economies worldwide at over 7.5 per cent in 2016 and will continue to drive global growth in 2017 with its share in the
Read MoreNTPC to buy assets of Chhabra power plant in Rajasthan
State-owned NTPC has signed a ?non-binding? deal to buy the existing and upcoming assets of the Chhabra thermal power plant, owned and operated by the
Read MoreChandra rises at Tata Sons
N Chandrasekaran has just completed his most successful marathon and will begin another on February 21. Thirty years after joining Tata Consultancy Se
Read MoreRail freight revenue short by Rs 7,000 cr
Indian Railways? (IR) freight revenue has lost an estimated Rs 7,000 crore in the financial year thus far, mainly due to a 50 million tonne (mt) short
Read MoreBajaj Corp Q3 net up 17.2% at Rs 58 cr
Bajaj Corp Ltd today reported a 17.19 per cent increase in standalone net profit at Rs. 57.79 crore for the third quarter ended December 31, 2016.The
Read MoreChinese firm XCMG partners with Schwing Stetter to set up $150-mn plant
XCMG China, one of the leading construction machinery companies, has partnered with Schwing Stetter India, a leading concrete equipment manufacturing
Read MoreCarney Signals Stronger BOE Forecasts as Brexit Risks Recede
The Bank of England may be about to raise its economic outlook for the second time since the Brexit vote, reflecting a resilience that?s seen Mark Car
Read MoreEuro zone industry output grew more than expected at 3.2% y-o-y in November
Euro zone industrial output increased by much more than expected in November as firms sharply stepped up the production of non-durable consumer goods,
Read MoreDelta Air profit falls 36.5 percent
Delta Air Lines Inc on Thursday reported a 36.5 percent decline in fourth-quarter profit and forecast passenger unit revenue, a closely watched metric
Read MoreUS weekly jobless claims rise less than expected
The number of Americans filing for unemployment benefits rose less than expected last week and the underlying trend remained consistent with a tighten
Read MoreWorld food prices fall in 2016 for fifth straight year: U.N. FAO
World food prices fell for a fifth straight year in 2016 as losses in cereals, meat and dairy outweighed rises in sugar and vegetable oils, the United
Read MoreChina's Xiaomi targets 2017 sales of $14.5 billion after 2016 overhaul
China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm
Read MoreSteelMin seeks coking coal on long-term basis
As steel companies feeling the heat from surge in coking coal prices, the Steel Ministry has approached Coal Ministry to seek availability of metallur
Read MoreOil rises on supply cuts, record China demand forecast
Oil prices rose more than 1 percent on Thursday on news that key crude exporters, including Saudi Arabia and Russia, were cutting production to reduce
Read MoreSaudis cut oil output to lowest in two years, pledge further reductions
Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world's largest oil exporter leads OPE
Read MoreSustained uptick: General insurers see 25% direct premium growth in Dec
General insurance companies continued their positive performance and posted a growth of 25 per cent (year-on-year) in gross direct premium for Decembe
Read MoreHDFC Bank?s fixed deposit rates now less than those of SBI
HDFC Bank has reduced interest rates on term deposits below Rs 5 crore with maturities of two years and higher by 25 basis points (bps) to 6%.This is
Read MoreTechno Electric sells 33 MW wind power asset for Rs 165 cr
Techno Electric & Engineering Company today said it has sold 33 MW wind power asset in Tamil Nadu for Rs 165 crore. "Company has sold 33 MW Wind Power
Read MoreTCS Q3 sequential net profit up 2.9% at Rs 6,778 crore
Tata Consultancy Services (TCS), the country?s largest IT services provider, reported a 2.9% rise in sequential net profit for the quarter ended Decem
Read MoreSpiceJet to seal $10 billion deal with Boeing for 737 jets
SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, two sources said on Thursday, as the low-cost carrier targets an expansion
Read MoreIndia to see lower growth for 2 quarters on cash crunch: HSBC
India's GDP growth numbers are expected to see a decline of 2 per cent in the third and fourth quarters of the current fiscal, as effective currency i
Read MoreIndustrial output at 13-month high in November
Industrial activity rose to a 13-month high of 5.7% in November, belying expectations of an adverse impact from demonetisation. It had contracted 1.8%
Read MoreAirtel rolls out payments bank, to invest Rs 3,000 crore
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aim
Read MoreGlobal clean energy investment falls to $288 billion in 2016
Clean energy investment worldwide fell by 18 percent to $287.5 billion last year due to sharp falls in renewable technology prices and less spending o
Read MoreGerman GDP grew 1.9 percent in 2016, strongest rate in five years
The German economy expanded by 1.9 percent in 2016, the strongest rate in five years and an improvement on the previous year, a preliminary estimate f
Read MoreWorld food prices fall in 2016 for fifth straight year: UN FAO
World food prices fell for a fifth straight year in 2016 as losses in cereals, meat and dairy outweighed rises in sugar and vegetable oils, the United
Read MoreAfter SunEdison, Greenko set to buy TAQA's hydel unit
Greenko Energy is set to acquire an Indian hydro power unit from Abu Dhabi?s TAQA for Rs 650 crore, the second instance in four months where the Hyder
Read MoreOn-Road Emission Tests to Be Mandatory From 2020
On-road emission tests for vehicles plying on Indian roads will be mandatory once the Bharat Stage VI norm kicks in from 2020, for which testing agenc
Read MoreIndia announces $100 million Line of Credit to Kenya
India on Wednesday announced a $100 million Line of Credit to Kenya for agricultural mechanisation after talks between Prime Minister Narendra Modi an
Read MoreHindustan Coca-Cola Beverages to set up plant in Madhya Pradesh
Hindustan Coca-Cola Beverages Pvt Ltd, the bottling arm of Coca-Cola India, will invest ?750 crore in a phased manner to build a bottling plant in Mad
Read MoreMRF plans to set up Rs 4,500-cr manufacturing plant in Gujarat
The company has signed a memorandum of understanding (MoU) with the Gujarat government expressing its in-principle intention to set up a new manufactu
Read MoreSBI ringing in new business plan
With the government telling public sector banks that the capital support needed by them cannot be funded by budgetary support alone, State Bank of Ind
Read MoreWorld Bank cuts India?s FY17 growth forecast to 7%
The World Bank has lowered its growth forecast for India to 7 per cent from 7.6 per cent in 2016-17, citing a slowdown in consumption and manufacturin
Read MoreMAT phase-out may kick off in Budget
The Union Budget is expected to provide relief to companies which come under the minimum alternate tax (MAT). Sources who attended a presentation made
Read MoreUber signs deal with Dubai regulator after pricing rows
Ride-hailing service Uber [UBER.UL] signed an agreement with Dubai's transport authorities on Wednesday to become fully regulated after a series of cl
Read MoreU.K. industrial output rises, trade deficit widens
British industrial production grew strongly in November following a revival in North Sea oil and gas production, adding to signs the economy expanded
Read MoreVolkswagen confirms $4.3 billion U.S. settlement over diesel emissions
Volkswagen AG (VOWG_p.DE) confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions
Read MoreSteel policy proposes to boost coking coal supply, 300mt output
Recognising limited availability of metallurgical coal as an 'disadvantage' for Indian steel sector, the draft steel policy aims at increasing supply
Read MoreIndia's diesel demand to drop in first quarter
Diesel demand is expected to grow only 2 percent in the first quarter of 2017 compared with a year ago, less than half of the 5-percent growth rate se
Read MoreSebi plans steps to tighten settlement norms
In slew of reform measures, Sebi plans to tighten its settlement norms by making the suspected defaulters pay more for any delay on their part, while
Read MoreSensex Soars 241 Points to Hit 2-month High; Banks Fuel Rally
Extending Tuesday's rally, benchmark Sensex on Wednesday surged nearly 241 points to close at a two-month high of 27,140 and Nifty reclaimed the 8,300
Read MoreChinese investors losing appetite for bonds in 2017
Stung by a late-2016 tumble in bonds, Chinese investors are signalling a switch into shares this year in the hope of better returns as the economy rec
Read MoreSouth Indian Bank posts 9.59% rise in Q3 profit
South Indian Bank (SIB) has announced a 9.59 % year-on-year increase in its third quarter net profit at R111.38 crore. The lender said that focus on r
Read MoreAs fears over emerging markets rise, FPIs sell Indian debt to tune of $22 mn
Foreign Portfolio Investors (FPIs) have continued selling Indian debt in the first seven sessions of the month ? a net of $22.2 million over the perio
Read MoreGlobal travel search engine Kayak enters India
Global travel search engine KAYAK today officially announced its entry into the Indian market, providing innovative travel tools to help people search
Read MoreLEAP India raises $13 million in Series-B funding
LEAP India, a leading player of returnable packaging and pooling of equipment, has said it raised $13 million in 'Series-B' funding, which attracted
Read MoreXerion Retail?s Jabong.com turns profitable for first time in 6 years since inception
Online retail firm Xerion Retail, the parent firm of Jabong.com, turned profitable in FY16 for the first time since its inception six year ago. The co
Read MoreTCS, Infosys, Wipro, HCL set to report flat Q3 performance
The $150 billion Indian Information Technology (IT) industry is expected to post a muted financial performance for the third quarter of the current fi
Read MoreGoAir firms up order for 72 A320 neo planes worth Rs 52,000 cr
GoAir has firmed up the order for 72 A320 neo planes, estimated to be worth over Rs 52,000 crore, as the no-frills airline expands its fleet and prepa
Read MoreFino Paytech raises Rs 149 crore from ICICI Bank?s insurance arms
Payments bank licensee Fino Paytech today said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek R
Read MoreWelspun to invest Rs 4,000 crore on textile projects in Gujarat
Diversified Welspun Group has said it would invest Rs 4,000 crore on three large textile projects in Gujarat.Welspun India said in a BSE filing that t
Read MorePradhan Mantri Ujjwala Yojana set to get a major boost as Oil Min set to appoint 2.5k new LPG distributor
Buoyed by the speed of achieving the 1.5-crore beneficiary target under the Pradhan Mantri Ujjwala Yojana (PMUY) and to strengthen the supply chain to
Read MoreInflation seen cooling in December as cash crunch hit demand: Poll
Inflation in India is expected to have cooled to a two-year low in December as the government's surprise currency crackdown rattled the economy and se
Read MoreReliance Jio impact: Idea Cellular unveils new offer, announces 3 GB free data pack
Following the footsteps of Bharti Airtel and Vodafone, Idea Cellular on Wednesday entered the fiercely contested mobile calling and data plans pricing
Read More?Protectionist? India resorts to other tools to bypass WTO bilateral rules
With little flexibility under the World Trade Organisation (WTO) and bilateral trade agreements to raise tariffs, India is increasingly resorting to o
Read MoreCorporate debt restructuring: Failures soar to Rs 1.2 lakh cr; Bharat Shipyard, Hotel Leelaventure top failures
The aggregate value of recast loans that have failed since the corporate debt restructuring cell (CDR) was set up in 2001 has hit Rs 1.2 lakh crore fo
Read MoreStock markets: Even as FPIs exit India, domestic institutes take up slack
The share of foreign portfolio investors (FPIs) in the Indian market could fall further after hitting a 30-month low in November. FPIs continue to tak
Read MoreNotification No. 3/2017 [F. No. 504/05/2003-FTD-I
Publish Date : Tuesday, January 10, 2017
Inflation seen cooling in December as cash crunch hit demand
Inflation is expected to have cooled to a two-year low in December as the government's surprise currency crackdown rattled the economy and severely hu
Read MoreWorld Bank projects global growth at 2.7% in 2017
In an encouraging sign, the World Bank today projected a global growth of 2.7 per cent in 2017, even as it observed that stagnant global trade, subdue
Read MoreUK trade deficit surges in November
The deficit on trade in goods and services was estimated at ?4.2bn in November, up from ?2.6bn in October.The widening gap reflects a ?3.3bn surge in
Read MoreICICI Pru, ICICI Lombard buy 12% in Fino Paytech for Rs 150 crore
ICICI Prudential Life Insurance and general insurer ICICI Lombard have bought a 12% stake in fledgling payments bank Fino Paytech for Rs 150 crore val
Read MoreWind power developers? choice of TN not a surprise: Experts
Wind power developers have picked Tamil Nadu for putting up their projects, but that is no surprise, according to many experts.First, if the tariffs a
Read MoreChinese economy grew 6.7% in 2016
Chinese economy is estimated to have grown about 6.7 per cent in 2016, a top economic planner said on Tuesday.The world's second largest economy regis
Read MoreJSW Cement to buy Shiva Cement; open offer likely
JSW Cement is close to buying out the entire 37.15 per cent promoters' stake, including that of ACC which owns 12.65 per cent equity in the Odisha-bas
Read MoreFlipkart board wants company to go public
Flipkart may see more churn with some of the top executives looking to exit the country?s largest e-commerce player even as it readies itself for an I
Read MoreBiz confidence for Jan-Mar qtr fall to 31-quarter low: D&B
Business confidence for the January-March quarter of 2017 plunged to a 31-quarter low as severe cash crunch heightened the degree of uncertainty among
Read MoreCentre counts on ETF for Rs 6,000-cr disinvestment
The government plans to launch a second tranche of the CPSE ETF to raise Rs 6,000 crore as part of its divestment programme. The first tranche, to rai
Read MoreWNS to acquire Denali Sourcing for $40 million
NYSE-listed Business Process Management (BPM) company WNS has signed a definitive agreement to acquire US-based Denali Sourcing Services for $40 milli
Read MorePaytm to transfer wallet biz to payments bank
Digital payments firm Paytm on Tuesday said its wallet business will soon be transferred to its payments bank but quashed social media rumours that th
Read MoreHonda to invest more than $370 million in Canadian plant
Honda will invest 492 million Canadian dollars ($372 million) in its Alliston factory north of Toronto, with financial support from the federal govern
Read MoreBond market expects govt to allow huge tax-free bond issuances
With bond yields falling to multi-year lows, a section of the bond market says it could be time the government enables in the budget state-owned infra
Read MoreAuto sales at 16-yr low in Dec as note ban takes toll
Monthly automobile sales growth rate in India slipped to a 16-year low in December with total vehicle sales declining by 18.66 per cent as demonetisat
Read MoreWorld Bank drops India?s growth rate to 7% post demonetisation
The World Bank today decelerated India?s growth for 2016-17 fiscal to a ?still robust? 7 per cent from its previous estimate of 7.6 due to demonetisat
Read MoreBudget 2017: Big infra push likely to counter demonetisation impact
Budget 2017-18 is likely to give a massive push to infrastructure in terms of outlay and extra budgetary resources as the Narendra Modi government loo
Read MoreWholesale inventories post biggest rise in two years
U.S. wholesale inventories in November rose slightly more than previously reported, posting their largest gain in two years and suggesting inventory i
Read MoreYahoo To Be Named Altaba, CEO Marissa Mayer To Leave Board After Verizon Deal
Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closin
Read MoreGold tops Rs 29,000 mark, hits over-month high on global cues
Gold prices reclaimed the Rs 29,000-mark by surging Rs 330 to trade at over one-month high of Rs 29,030 per 10 grams, tracking uptrend in the global b
Read MoreCash deals worth Rs 25,000 cr move to digital mode post note ban
Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey.The Economic Research Department of S
Read MoreUCO Bank cuts lending rate by up to 0.8%
Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 per cent in line with market competition. The bank has reduced mar
Read MoreRBI to go for 25 bps rate cut in 2017: Citigroup
The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood of an easing in April is more than in February, sa
Read MoreIndusInd Bank Q3 net profit rises 29%, net NPAs at 0.39% of assets
Private sector lender IndusInd Bank on Tuesday posted 29.1 per cent increase in net profit to Rs 750.6 crore for the third quarter of 2016-17 financia
Read MorePost note ban, realty sees lowest sales since 2010: Knight Frank
Calendar year 2016 ended with the lowest launches and sales witnessed in the residential real estate segment since 2010 and the demonetisation effect
Read MoreAt $4.4 bn, Maharashtra beats Karnataka, emerges No. 1 on private equity, venture capital investments in 2016
Information Technology continued to attract a dominant share of private equity investments with 766 deals amounting to $3.15 billion as investors repo
Read MoreMercedes-Benz sales slip marginally, BMW sees 14% spurt in 2016
The Supreme Court ban on diesel vehicles above 2000cc as well recent the demonetisation has resulted in a marginal impact on the annual sales of luxur
Read MorePropTiger, Housing.com merger creates digital giant
Signalling consolidation in the online realty space, Newscorp-backed property portal PropTiger said on Tuesday that Mumbai-based Housing.com would mer
Read MoreSoon, even filing a police complaint may need an Aadhaar number
Don?t be surprised if in the near future, filing a police complaint requires a person to produce Aadhaar number as all services, benefits and subsidie
Read MoreE-commerce in India: Funding falls to 3-year low of $300 mn in quarter
Money raised by internet companies dropped to a three-year low in the December quarter, with less than $300 million coming in. In fact, funds were har
Read MoreUK prime minister reminds everyone that Brexit is actually happening and that?s hitting the pound
U.K. Prime Minister Theresa May reminded markets Brexit could be a hard hit on the U.K., and it's in the EU's interest to make sure that's the case, a
Read MoreCisco partners with Rajasthan govt for digital classrooms and smart water management
With state governments across India going for digitisation, especially in the light of Prime Minister Narendra Modi recent push for digital economy, g
Read MoreAir India shame: Time to sell off the third worst performing airline in the world
Air India, the homegrown airline, has been a target of ridicule recently as it was reported that it is among the worst airlines in the world. A recent
Read MoreChina's December producer prices accelerate at fastest pace in over 5 years
China's producer prices surged the most in more than five years in December and by more than expected as prices of coal and other raw materials soared
Read MoreMcDonald?s sells China business in deal worth up to $2.1 billion
Fast food giant McDonald?s says it is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerat
Read MoreMcDonald?s, Domino?s Pizza success stories offer precious lessons for QSR players
The quick service restaurant (QSR) market has been going through a major overhaul in the past two-three years. Players, both domestic and internationa
Read MoreUber to sink $50,000 each in ?India?s brightest start-ups? Seek Sherpa, LeanAgri, Ambee
Cab aggregator Uber on Monday said it will invest $50,000 each into three Indian start-ups?SeekSherpa, LeanAgri and Ambee. Uber held a nationwide comp
Read MoreCitigroup lowers India's growth forecast to 6.8 per cent for 2016-17
Global brokerage Citigroup has lowered India's growth forecast to 6.8 per cent for this fiscal from 7.2 per cent earlier, as cash crunch has affected
Read MoreSteel sector revival likely after April
Iron ore prices are retreating, coking coal has come off its highs and international steel prices are elevated, the future looks bright for the steel
Read MoreIndirect tax mop-up rate slows after note ban, Jaitley dismisses slowdown
Demonetisation slightly hit tax mop-up in December, with indirect tax collections growing 14.2%, down from 23.1% in November and 30.5% in October, sho
Read MoreADB operations reach a record $31.5 bn in 2016
Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in
Read MoreSEBI approves ICEX trading in diamond futures
Indian Commodity Exchange (ICEX), a screen-based on-line derivatives exchange for commodities, has received an "in-principle" approval from the Securi
Read MoreGold climbs as markets look forward to Trump regime
Gold firmed on Monday as uncertainty ahead of Donald Trump?s inauguration as the US President this month supported prices after the previous session?s
Read MoreFinMin sanctions Rs.425 crore to set up 120 digital villages
Pilot projects for ?digital villages? should be up and running soon, as the government has approved in-principle the setting up of around 120 such vil
Read MoreMuted Q3 growth seen for IT exporters
As TCS kicks off the results season on January 12, the market and the industry will be keenly watching whether the underlying trends panning out in th
Read MoreMax Ventures to sell 22.5% to New York Life arm for Rs 121 cr
Max Ventures and Industries ( MaxVIL ) part of Analjit Singh-led Max Group today announced a Rs 147.9 crore fund raising plan, which includes sale of
Read MoreGerman Industrial Output Rises in Sign of Economic Strength
German industrial production rose in November, adding to signs that Europe?s largest economy saw a strong finish to the end of last year.Output, adjus
Read MoreEurozone Unemployment Holds Steady in November
Official figures show that unemployment across the 19-country eurozone held steady in November at 9.8 percent. Eurostat, the European Union's statisti
Read MoreUnitedHealth to buy Surgical Care Affiliates in $2.3 billion deal
UnitedHealth Group Inc's (UNH.N) said it would buy Surgical Care Affiliates Inc (SCAI.O) for about $2.30 billion, adding heft to its business that pro
Read MoreOil down 4 pct on concerns over rising Iraqi exports, U.S. output
Oil prices tumbled by 4 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC's efforts to curb glo
Read MoreCashless Is King as E-Money Stocks Surge From India Currency Ban
Prime Minister Narendra Modi may offer another gift to India?s electronic cash companies. An index of the stocks has gained 12 percent since November?
Read MoreMarket in wait and watch mode ahead of earnings season
The benchmark Sensex on Monday closed almost 33 points lower at 26,726.55, extending losses for the second straight session, dragged down by health ca
Read MoreEquity funds witness steady flows despite mkt volatility
Even as the Indian equity markets remained volatile, equity mutual funds have continued to witness steady flows largely due to participation through s
Read MoreRockman Ind acquires majority stake in Moldex Composites
Rockman Industries, the auto-components arm of the USD 5 billion Hero Group, has forayed into carbon composites space by acquiring majority stake in S
Read More8K Miles net soars 115% to Rs 32.6 cr, but stock plunges 3.2%
Leading cloud computing player 8K Miles Software Services today reported a 115 per cent jump in net profit at Rs 32.60 crore for the three months to D
Read MoreTata Steel Q3 production up 28%
Tata Steel has posted a 13% rise in sales in April-December 2016 to 7.7 million tonne (mt) up from 6.8 mt in the same period in 2015 led by a surge in
Read MoreNPA woes to spill over into next fiscal, says Moody's
Weak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, says a rep
Read MoreTamil Nadu joins UDAY scheme
After having dithered for over a year, Tamil Nadu on Monday signed up for the center?s scheme for revival of financially stressed state-owned power di
Read MoreCiti, HSBC slash India?s GDP growth projections
Global brokerage Citigroup has lowered India's growth forecast to 6.8 per cent for this fiscal from 7.2 per cent earlier, as cash crunch has affected
Read MoreImmigration boosts wealth, does not increase inequality: IMF
Immigration has a generally positive economic impact on receiving countries but the benefits depend on how well the migrants are integrated, the Inter
Read MoreMcDonald's sells China operations to Carlyle, Citic group for $2.08 billion
US fast-food giant McDonald's will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including stat
Read MoreStates record jump in VAT collections after note ban
Demonetisation seems to have led to a windfall for states thanks to a spurt in value added tax (VAT) collections since Prime Minister Narendra Modi?s
Read MoreNotes ban to have 'significant impact' on GDP in short-term
With businesses facing huge cash crunch, the Centre's demonetisation drive will have a "significant impact" on the country's economy in the near term,
Read MoreMaharashtra government eases land revenue norms for infra projects
The state government has come up with an amendment in Maharashtra Land Revenue Code, following which non-agriculture certification will no longer be r
Read MoreDemonetisation just a bump; India to maintain 7% growth: Cisco chief John Chambers
Describing demonetisation as only a "bump", Cisco Executive Chairman John Chambers today said India is well-positioned to maintain GDP growth rate of
Read MoreBombay Dyeing to infuse new life into retail arm
Bombay Dyeing, the textile flagship of the Wadia Group, has roped in PricewaterhouseCoopers, Microsoft, KPMG and EY to restructure its retail business
Read MoreSnapdeal to Boost Growth, Focus on Customer Experience in 2017: Kunal Bahl
E-commerce major Snapdeal is geared up to push the pedal on growth by focussing on "economics and customer experience" this year, its co-founder and C
Read MoreBanks may report tough Q3 on low loan growth
Banks are expected to show strain on profitability from a slump in loans business and deluge of deposits in the December quarter, a period when they w
Read MoreAmazon Gives Sellers their Own Space Amazon India opens city-specific platform, live in B?luru now, for small sellers looking to go online
Amazon India has opened a city-specific platform for small sellers looking to go online. The service, live in Bengaluru, allows home entrepreneurs and
Read MoreScrewvala eyes growth in Lenskart, puts Rs 24 crore more
Unilazer Ventures founder Ronnie Screwvala has pumped in an additional Rs 24 crore in online eyewear solutions company Lenskart Solutions, even as the
Read MoreFreeCharge gets Rs 390 Cr top-up
Jasper Infotech has pumped in close to Rs. 390 crore into FreeCharge, at a time when the Gurgaon-based unicorn is in the process of closing a substant
Read MoreNotification No. 01/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of 'Jute Products' viz. Jute Yarn/Twine (multiple folded/cabled and single), Hessian fabric and J
Read MoreNotification No.01/2017 Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 6th January, 2017
Read MoreNotification No.02/2017 Customs (N.T.)
Seeks to further amend notification 63/94 dated 21st November 1994
Read MoreCircular no. 01/2017
Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
Read MoreITC starts construction of 5-star hotel in Ahmedabad
Hospitality major ITC Ltd today commenced the construction of its super premium five star hotel 'ITC Narmada'. Gujarat Chief Minister Vijay Rupani to
Read MoreNotification No. 2/2017
Income?tax (1st Amendment) Rules, 2017
Read MoreNotification No. 01/2017
TO BE PUBLISHED IN PART /I , SUB-SECTION (ii) OF SECTION 3 OF THE GAZETIE OF INDIA) Government of India Ministry of Finance (Department of Revenue) (C
Read MoreNotification No.RBI/2016-17/209
Exim Bank's GoI supported Line of Credit of USD 4.22 million to the Government of the Republic of Burundi
Read MoreAurobindo Pharma to buy Portugal drugmaker Generis for Rs969 crore
Aurobindo Pharma Ltd will be acquiring Portugal?s Generic Farmaceutica SA in a Rs.969 crore (?135 million) deal.The Hyderabad-based company, on Saturd
Read MoreNTPC?s foray into nuclear energy in DAE?s court
NTPC?s efforts to get into nuclear power have slowed down even as the public sector power generation behemoth is focussing more on renewable energy.A
Read MoreOutlook turns bullish for zinc
Among the base metals, zinc has outperformed its peers and been among top gainers of 2016, with prices moving up by about 45 per cent since the beginn
Read MoreRetail fuel prices likely to remain high
Diesel and petrol prices are about 20 per cent more than what they were a year before at this time and seem unlikely to reduce.Global crude oil prices
Read MorePAN number must for excise, service taxpayers for GST registration
The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the
Read MoreU.K. Shoppers Brace for New Brexit Test as Inflation Picks Up
A week after Next Plc offered a grim outlook for 2017 following a downbeat holiday selling season, Marks & Spencer Group Plc, department-store chain D
Read MoreBengal Chemicals bounces back after decades
A much-needed corporate structure at Bengal Chemicals and Pharmaceuticals is evolving now, primary why this company, also the country?s first in the s
Read MoreBudget 2017 may be flexible on fiscal deficit target
When Finance Minister (FM) Arun Jaitley presents the 2017-18 Budget on February 1, he may announce a fiscal deficit target close to 3.5 per cent of gr
Read MoreDouble-digit profit growth for Nifty firms
Corporate earnings for the October-December 2016 quarter are likely to be polarised as commodity producers will benefit from rising prices, while demo
Read MoreSebi to allow MF buying through wallets, decision likely at Jan 14 meeting
Capital market regulator Securities and Exchange Board of India (Sebi) is set to allow purchase of mutual fund (MF) units through digital wallets and
Read MoreWind tariff may nose down to Rs 4-4.5 per unit in 1-GW bids
Wind tariff is likely to come in between Rs 4 and Rs 4.5 per unit ? below the average of around Rs 5 ? in the auction being conducted by SECI to set u
Read MoreAnti-avoidance tax rule to kick in from April 2017
Tax anti-avoidance rule GAAR will kick in from April 1, 2017, the tax department said today.In its 2016 year-end review, the Central Board of Direct T
Read MoreTata Motors plans innovation centres globally
Tata Motors is betting big on emerging mobility solutions and mulling setting up innovation centres globally to be "future ready" while having a more
Read MoreSolid Christmas for UK supermarkets before uncertain 2017
Britain's three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a
Read MoreEurope?s Bank Stress-Test Star Is Focus of Buyback Speculation
Norway?s biggest bank, DNB ASA, has more capital than it needs and will probably start using the excess funds to buy back its own shares.After topping
Read MoreNew policies coming to America could take weight off Fed
A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America?s mix of policies which in recent
Read MoreChina is confident economy grew 6.7% in 2016
China is confident to have reached an economic growth of 6.7 per cent in 2016, within a targeted range set earlier in the year, Vice-Finance Minister
Read MoreFPIs net outflow at $3 bn in 2016; worst in 8 years
Foreign investors pulled out more than $3 billion of the so-called 'hot money' from the Indian capital markets in 2016, making it the worst period in
Read MoreDemonetisation: Auto, FMCG, realty, telecom companies worst-hit, India Inc Q3 numbers set to disappoint
India Inc is likely to witness declining to flat profitability during the October-December quarter as companies start reporting their earnings for the
Read MoreCLSA says FY18 Union Budget likely to focus on social infra, raise spending
The Union Budget for the 2017-18 financial year on February 1, is likely to be centered on social infrastructure through Housing for All scheme, irrig
Read MoreUDAY to cover 90 per cent discom debt after Tamil Nadu joins on Monday
Tamil Nadu will become the 21st state to join UDAY scheme meant for revival of debt stressed discoms on Monday, paving the way for covering almost 90
Read MorePokarna Engineered Stone parters with IKEA India
Pokarna announced that its wholly owned subsidiary, Pokarna Engineered Stone has partnered IKEA India, to serve as its exclusive quartz surfaces suppl
Read MoreSuzlon bags 105 MW order from Axis Energy Group in Andhra
Wind turbine maker Suzlon Group today said that it has bagged 105 mega watt (MW) order from Axis Energy Group in Andhra Pradesh. "The project consists
Read MoreUS trade deficit climbs to $45.2bn in November
The US trade deficit in November rose to the highest level in nine months as imports of oil and other foreign goods increased, while American exports
Read MoreOil prices edge up on OPEC hopes, but doubts linger
Oil prices edged higher by mid-morning on Friday as signs of output cuts by OPEC members met with lingering concern that other producers could try to
Read MoreInflows in equity MFs hit 18-month high in December
Strong inflows in equity mutual fund schemes despite volatility in December have helped the sector end 2016 on a positive note. A total of over Rs 10,
Read MoreSub-national currencies struggle to survive
TUCKED away in a corner of Brixton, in south London, a rainbow-coloured ATM dispenses cash, looking for all the world like any other. But the notes it
Read MoreU.S. job growth slows, but wages rebound strongly
U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy fo
Read MoreEuro zone economy starts year in chipper mood, Germany outlook bright
Economic sentiment in the euro zone surged to a post-crisis record in December and German industrial orders pointed to a busy final quarter for factor
Read MoreChina Seen Keeping Reserves Near $3 Trillion to Avoid Alarm
China may take measures to keep its foreign-currency stockpile from slipping too far below the key $3 trillion mark to avoid hurting investor confiden
Read MoreSamsung's profit up 50% despite Note 7 fiasco
Samsung Electronics underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its
Read MoreGold ETFs record Rs 942-cr outflow in 2016
Investors continued to pull out money from gold exchange-traded funds (ETFs) in 2016 and withdrew Rs 942 crore, making it the fourth consecutive year
Read MoreRabi sowing completed in close to 96% of normal sown areas
With just a week or so left for the sowing season to end, it is clear that the rabi crop hasn?t taken a big hit due to demonetisation. The area sown t
Read MoreIndia ?relatively exposed? to changes in US trade policies after Trump
Amid rising fears about the direction American trade policies will move under President- elect Donald Trump, a Wall Street brokerage has placed India
Read MoreSebi eases norms for fund managers
The Securities and Exchange Board of India (Sebi) has amended the Portfolio Managers Regulations, 1993, for registration of fund managers providing th
Read MoreNow, Syndicate Bank cuts lending rate by up to 1%
Public sector Syndicate Bank on Friday slashed its benchmark lending rate by up to 1 per cent, in the footsteps of bigger lenders like SBI, ICICI Bank
Read More'RBI to Give Nepal 1 Billion Rupees in Rs 100 Notes to Ease Crisis'
The RBI has agreed to provide rupees one billion in Rs 100 denomination notes to Nepal Rastra Bank (NRB) to ease the acute shortage of Rs 100 notes fa
Read MoreHDFC Bank slashes rates on bulk deposit by 125 bps to 5%
HDFC Bank slashed interest rates on deposits of over Rs 5 crore with maturities of one year and more by 125 basis points (bps) to 5%, effective Friday
Read MoreChinese brands take 50% of India's smartphone market
Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phone
Read MoreApril-December steel production grows 10.5%; comapnies look beyond domestic market for sale
India?s steel industry clocked a handsome 10.5% growth in production during the April-December period of the current fiscal, riding on a sharp rise in
Read MoreAs Narendra Modi govt looks to cut fuel import bill, HPCL set to build 3 more ethanol bio-refineries
After laying the foundation stone for the second generation ethanol blending bio-refinery in Bhatinda, Punjab, in December, state-run Hindustan Petrol
Read MoreDemonetisation to derail cement sector growth: Ind-Ra
The recent government's demonetisation initiative is expected to derail the growth of the cement sector says India Ratings and Research (Ind-Ra). "Cem
Read MoreGovt clears 26% strategic sale in BEML
Government will sell 26 per cent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestmen
Read MoreFM Jaitley to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML
The ensuing budget is likely to fix a fiscal deficit target of 3.5 per cent of GDP in 2017-18, relaxing the 3 per cent target earlier in order to supp
Read MoreJaguar Land Rover buys stake in car technology firm CloudCar
Britain's biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers se
Read MoreBoeing close to $10.1-bn order from SpiceJet
Indian budget airline SpiceJet is poised to order at least 92 Boeing 737 jetliners, as the carrier plots rapid expansion in the world?s fastest growin
Read MoreForex reserves rise by $625 mn
Forex reserves rose by $625.5 million to $360.3 billion in the week ended December 30, the RBI data released on Friday showed. Foreign exchange reserv
Read MoreFY17 growth at 7.1% sans note ban effect: Optimistic, say analysts
After a slight acceleration in the September quarter driven by consumption including the government variety, India?s economy had already shifted into
Read MoreIncometax (1st Amendment) Rules, 2017
Publish Date : Friday, January 6, 2017
Tax refund to exporters under GST within seven days: Nirmala Sitharaman
The Department of Revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern o
Read MoreProjects in road, shipping sector to cross over Rs 6 lakh crore by March
The government today exuded confidence that in value terms, projects in the road and shipping sector would cross over Rs 6 lakh crore by the end of Ma
Read MoreJaitley to target fiscal deficit of 3.5 pc of GDP in FY18: BofA-ML
The ensuing budget is likely to fix a fiscal deficit target of 3.5 per cent of GDP in 2017-18, relaxing the 3 per cent target earlier in order to supp
Read MoreGovernment may rationalise MAT in Budget 2017
A slight cut in corporate tax rates appears imminent in the forthcoming Budget 2017.What attains more significance is the possibility of a reduction i
Read MoreGold hits 4-week high on weaker dollar, technical upswing
Gold rose to its highest in four weeks on Thursday as the US dollar stepped further away from a 14-year peak with investors locking in gains from its
Read MoreDespite growth pangs, 41% MSMEs report surge in cheque, e-payments: Crisil survey
Micro, small and medium enterprises (MSMEs), which are largely cash-dependent, have reported a substantial shift away from cash transactions following
Read MoreWai Wai noodles to invest Rs 250 cr to open QSRs in India
Nepal's CG Foods, makers of the popular Wai Wai noodles, plans to invest Rs 250 crore in India to open quick service restaurants (QSRs) in next 5 year
Read MoreTata Motors, Castrol ink three-year global pact
Tata Motors and Castrol today inked a three-year agreement under which the lubricants maker would supply commercial vehicle oils to the homegrown auto
Read MoreMaharashtra govt to set up Rs 300 cr garment park in Solapur
Maharashtra government has decided to set up Rs 300 crore garment park in Solapur to promote the city as a 'major garment hub'. "Maharashtra governmen
Read MoreSoftware products firm Zoho invests $10 million in five startups
Software products firm Zoho has invested nearly $10 million in five startups, including machine-vision company Zentron Labs and medical devices maker
Read MoreUK services sector sees fastest growth since July 2015
Britain's economy finished 2016 strongly, growing at the fastest rate since mid-2015, even though companies faced some of the fastest-rising costs of
Read MoreChina services sector activity rises to 17-month high in December: Caixin PMI
Growth in China's services sector accelerated to a 17-month high in December, a private survey showed, adding to views that the world's second-largest
Read MoreEurozone producer prices surprise with 0.1% gain
The prices of goods leaving the eurozone's factory gates were higher than a year earlier in November 2016, the first time that has happened since mid-
Read MoreIT research firm Gartner to buy CEB for $2.6 billion
IT research and advisory company Gartner Inc said on Thursday it would buy CEB Inc, a provider of business research and analysis, in a cash-and-stock
Read MoreThe Oil Trade Showing Where OPEC?s Cuts Are Starting to Bite
As OPEC starts to make its production cuts work, the true impact of its actions is perhaps most in evidence in an obscure part of the physical oil mar
Read MoreFPIs sell $244-m stocks in first 4 sessions of 2017
Foreign portfolio investors (FPIs) have sold shares worth $ 244 million in the first four sessions of the calendar year (CY) 2017, after the rally in
Read MorePE exits, M&As & fund raising via IPOs hit 5-yr high in 2016
2016 turned out to be a strong year for the Indian deal street as private equity exits, mergers & accusations (M&As) and fund raising through IPOs hit
Read MoreBank credit to agri sector up to 12.1% in September qtr
Banks loans to agriculture sector rose marginally to 12.1 per cent in the quarter ended September as compared to 11.9 per cent in the first quarter of
Read MoreBank of Baroda, United Bank join MCLR cut bandwagon
State-owned lenders Bank of Baroda and United Bank of India on Thursday reduced their marginal cost of funds-based lending rates (MCLRs). While BoB re
Read MoreSebi issues guidance note for evaluation of companies' boards
To provide more clarity for stakeholders, Sebi today came out with a detailed guidance note for evaluation of boards of listed companies including the
Read MoreXiaomi India revenues cross $1 bn
Xiaomi, the leading Chinese handset manufacturer, has announced that its revenue in India has crossed $1 billion for the year 2016.Within the two year
Read MoreAmazon.In sees 160% growth in seller base in 2016
Global marketplace Amazon Thursday said that the seller base on Amazon.In grew by 160 per cent in 2016 from the previous year.In line with its vision
Read MoreFreshdesk buys data integration co Pipemonk
Chennai-headquartered cloud-based customer engagement software solutions provider Freshdesk on Thursday announced the acquisition of Pipemonk, the Ben
Read MoreTech Mahindra forms JV in Saudi Arabia
Tech Mahindra, a leading Indian IT services company and part of the Mahindra Group, has announced joint venture with Saudi Arabia-based Midad Holdings
Read MoreHero Future Energies raises $125 m from IFC; in talks for debt, too
Independent power producer Hero Future Energies (HFE) has raised $125 million in private equity from Washington-based IFC, part of the World Bank, for
Read MoreDeposits fall for first time since note ban
Following the massive surge in deposits after demonetisation was announced on November 8, banks saw their aggregate deposits falling for the fortnight
Read MoreDemonetisation: GDP may slump to 5% in Dec qtr, says HSBC
India's GDP is likely to have grown at a much slower-than-expected pace of 5 per cent in the October-December period and may see a 6 per cent growth i
Read MoreSebi relaxes rules for angel funds to boost start-up funding
To give a fillip to start-up funding, markets regulator Sebi has relaxed its rules for investment by angel funds, including allowing them to invest in
Read MoreDollar slides in Asia after Fed minutes highlight policy risks
The dollar dropped against its Group-of-10 peers as investors in Asia trimmed bullish positions after minutes from the Federal Reserve?s December meet
Read MoreGoogle Moves Into Augmented Reality Shopping With BMW and Gap
Google is rolling out a real world application for its most ambitious virtual reality effort: letting shoppers see what they might buy without leaving
Read MoreFlipkart logistics arm suffers massive Rs 810-crore loss
Flipkart?s supply chain and logistics arm Instakart Services or Ekart Logistics has incurred losses of Rs 810 crore on a revenue of Rs 303 crore in th
Read Morenotification-1-2017
Publish Date : Monday, January 2, 2017
Deduction of tax at source Income-tax deduction from salariesunder section 192 of the Income-tax Act, 1961
Publish Date : Monday, January 2, 2017
After demonetisation, govt sees 7% growth in Q1 of next fiscal
The government expects growth of around 7 per cent in the first half of the next fiscal year, two officials said, painting a rosier picture for the ec
Read MoreNotification No. 149 /2016- Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 66/2016-Customs
Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported fr
Read MoreNotification No. 65/2016-Customs
Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods importe
Read MoreNotification No. 64/2016-Customs
Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the concessional rate of basic customs duty i
Read MoreNotification No. 63/2016-Customs
Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when importe
Read MoreNotification No. 62/2016-Customs
Seeks to withdraw BCD exemption, available to specified fabrics, of value equivalent to 1% of the FOB value of exports in the preceding financial year
Read MoreChina goes on a $26-trillion commodity binge
Chinese investors traded a record volume of commodity futures last year as speculators poured in and out of the market on bets that shortages are loom
Read MoreSona Group promoters pick up Mahindra?s stake in JV for Rs 120 crore
The promoters of auto components maker Sona Group have acquired the shares held by Mahindra & Mahindra in a joint venture company for Rs 120 crore. Th
Read MoreMutual fund assets grow 5.13% sequentially in Oct-Dec quarter
The just-ended December quarter has been a strong one for the Indian mutual funds industry, which seems to have shrugged off demonetisation blues and
Read MoreNow, housing finance cos get into rate-cut mode
Following industry biggies HDFC and Indiabulls Housing Finance cutting their home loan rates by 45 basis points, Dewan Housing Finance Corporation (DH
Read MoreChinese smartphones gained 40% of Indian market last year
Chinese smartphone vendors last year captured about 40 per cent share in India, the second largest smartphone market in the world, the official media
Read MoreSAIL's steel production up 15% at 10 MT in Apr-Dec
The country's largest steel maker SAIL today said it has produced 10.18 million tonnes of saleable steel in April to December period of the current fi
Read MoreLenskart plans satellite manufacturing units
Omnichannel eyewear vendor Lenskart plans to set up 8-10 satellite manufacturing units in the country to bring down the time of delivery of spectacles
Read MoreTata Trusts, Google India partner with MobiKwik to encourage adoption of digital wallets
Tata Trusts and Google India expand the ?Internet Saathi? program by enabling cashless transactions through MobiKwik, with an aim to drive digital eco
Read MoreAs VC funds fall, M&As keep start-ups buzzing
Investors may have pumped smaller amounts into start-ups in 2016, but M&As within the sector ensured that the fledgling companies continued on the pat
Read MoreVitol clinches $1bn pre-finance oil deal with Iran
The world?s largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros gu
Read MoreAmazon doubles deliveries in 2016 for third-party sellers
Amazon.com Inc shipped 50 percent more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail
Read MoreEurozone inflation spikes to highest in over 3 years
The deflation bugbear that the European Central Bank has battled for the past couple of years appears to have been seen off, at least for now.Consumer
Read MoreBritish consumers borrow at fastest rate in 11 years as inflation threat rises
British consumer borrowing increased by the biggest amount in more than 11 years in November, boosting the unexpectedly robust post-Brexit vote econom
Read MoreHSBC raises world economic growth, inflation forecasts, dubs moves 'rare treat'
Economists at HSBC on Wednesday raised their forecast for global growth and inflation over the next two years based on robust manufacturing activity,
Read MoreSebi bids for enhanced NCDs disclosure; Risk-o-Meter
To help retail investors take an informed decision, markets regulator Sebi today proposed enhanced disclosure for public issuance of non-convertible b
Read MoreCorporate bond trading jumps 23% to Rs 12.9 lakh cr in 2016
Trading in corporate debt at nation's stock exchanges -- BSE and NSE -- surged nearly 23 per cent to Rs 12.9 lakh crore, during the last year. Trading
Read MoreAs Sebi cracks down, costs go up, popular P-Notes lose sheen
Once a popular investment tool with foreign investors, participatory notes (P-Notes) apppear to be losing much of their sheen following the continuous
Read MoreRegistered FPIs can Run IFSC Ops Without Prior Approval: SEBI
Markets regulator Sebi on Wednesday said registered FPIs planning to set up operations in international financial services centres (IFSCs) will be all
Read MoreForeign reinsurers get Irdai nod to open branches in India
Insurance Regulatory and Development Authority of India (Irdai) has granted certificates of registration to foreign re-insurers for opening their bran
Read MoreNon-food credit growth hits multi-year low of 5.3%
Non-food credit growth hit a multi-year low of 5.3% on a year-on-year (y-o-y) basis during the fortnight ended December 23, data released by the Reser
Read MoreM&A deals hit 5-year high at $61.44 bn in 2016 against $23.71 bn a year before
Mergers and acquisitions (M&A) deals in the country hit a record 5-year high at $61.44 billion (about Rs 4 trillion) in 2016, says a report.According
Read MoreHCL Technologies completes acquisition of Butler America Aerospace
IT services major HCL Technologies on Wednesday said it has completed its $85 million acquisition of Butler America Aerospace.The all-cash deal, annou
Read MoreFDI up 27% at $27.82 billion in Apr-Oct this financial year
Foreign direct investment (FDI) into the country grew by over 27 per cent to $27.82 billion during April-October this financial year.The FDI stood at
Read MoreMaharashtra: Relief for commuters, Mumbai to get both Bandra-Versova Sea Link and Coastal road
The Maharashtra government has decided to go ahead with both the coastal road project and the Bandra-Versova Sea Link (BVSL), which will run parallel
Read MoreServices PMI contracts for 2nd month in a row
The services sector contracted for the second month in a row in December as cash crunch due to demonetisation took its toll on the biggest part of Ind
Read MoreStable outlook of firms mirrors India?s sustained growth: Moody?s
Moody?s today said the stable outlook on Indian corporates over the next 12-18 months reflects the country?s sustained economic growth.?Strong GDP gro
Read MoreDaimler drives to become Motherson's second biggest customer
Motherson Sumi, the country?s biggest automobile components maker, has seen a shift in its global customer base. Germany's Daimler, manufacturers of M
Read MoreFree Charge net worth erodes as expenses rise
FreeCharge, the digital payments company owned by ecommerce marketplace Snapdeal, reported a loss of ~235 crore on a revenue of ~36 crore in 2015-16,
Read MoreInterest rate cut: Small relief for indebted firms
Some of India?s most indebted firms will get only a partial benefit from the recent cut in lending rates by banks, thanks to the continuing deteriorat
Read MoreIndia-Uruguay Customs agreement receives Cabinet nod
Government today approved signing and ratifying an agreement between India and Uruguay regarding co-operation and mutual assistance on Customs matters
Read MoreIndia's services activity shrinks for second month in December on currency shortage
Business activity in the Indian service sector fell for the second consecutive month in December, reflecting a steeper reduction in incoming new work,
Read MoreNotification No. 124/2016
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii New Delhi, the 29 th December, 2016 S.O. 4222(E).- In exer
Read MoreNotification No. 123/2016
Notification No. 123/2016/F. No. 133/33/2015-TPL (Part-I) / G.S.R. 1180(E)
Read MoreNotification No. 122/2016
F. No. 370142/4/2016-TPL / S.O. 4168(E)
Read MoreNotification No.RBI/2016-17/208
Exchange facility to foreign citizens
Read MoreJapanese companies make cautious return to Indian pharma market
After burning their fingers more than once in India with troubled acquisitions, Japanese drug makers are back in this market, this time through the ag
Read MoreHedging of equity portfolio to become cheaper now
Hedging of equity portfolios will become less expensive for large institutions and proprietary traders. The Mumbai bench of the Income Tax Appellate T
Read MoreChina central bank injects $124.9 billion in Dec, up 13 percent from Nov
China's central bank injected a total of 868.75 billion yuan ($124.90 billion) via short- and medium-term liquidity tools in December, its data showed
Read MoreBombay Dyeing eyes big retail push in FY18
Wadia Group-owned Bombay Dyeing & Manufacturing Company expects its retail business to turn profitable in 2017-18.?At an operating level, we expect (t
Read MoreTata Motors says it expects 2017 to be a comeback year
After facing extremely weak sales in 2016, Tata Motors? Commercial Vehicles head feels the first quarter of 2017 will help the company regain the lost
Read MoreReturns on close-ended MFs lag those on open-ended ones
The much hyped close-ended mutual fund equity funds have not been able to have an impressive performance compared to their open-ended counterparts. Th
Read MoreBrazil's Renova to sell wind farm for up to 700 million reais
Brazil's renewable power generation company Renova Energia SA is in talks to sell its wind farm Alto Sertao II to the Brazilian unit of AES Corp, know
Read MoreSingapore Q4 2015 growth beats forecasts
THE Singapore economy grew at a better-than-expected 2.0 per cent on a year-on-year basis in the last quarter of 2015, advanced estimates show, and is
Read MoreChina's economy could grow 6.5 percent in 2017; devaluation could stabilize yuan: think tank
China's economic growth could slow to 6.5 percent this year from about 6.7 percent in 2016, a government-run think tank said on Tuesday, while suggest
Read MoreConsumption share in GDP to take a knock post demonetisation
Demonetisation could lead to a notable dip in the share of private consumption in India?s gross domestic product (GDP), pulling down economic growth d
Read MoreDemonetisation effect: Small traders hit, pain to linger for three quarters
Traders, retailers and various trade bodies in India have been saying that 100% foreign direct investment (FDI) in multi-brand retail, if allowed, wou
Read MoreTax breaks for home loans may increase
Aiming to boost demand in the housing sector, the government may hike deduction limit for interest paid on home loans by Rs 50,000, from the current R
Read MoreGoogle eyes revenue from Android devices
Airtel and Vodafone subscribers in India have begun seeing an option to pay for apps, games, books and movies on Google?s Play Store through their car
Read MoreBudget 2017: No MAT relief for SEZ units likely
Special economic zone (SEZ) units and developers are unlikely to get relief from the minimum alternate tax (MAT) in the coming Budget despite a strong
Read MoreGerman Inflation Jumps to Fastest Since 2013 on Oil Prices
The pace of German inflation more than doubled in December, driven by a surge in oil that is set to mask continued weakness in underlying price pressu
Read MoreManufacturing in U.S. Expands at Fastest Pace in Two Years
American manufacturing expanded in December at the fastest pace in two years, reflecting firmer output and the biggest pickup in orders growth since A
Read MoreCement sector to take 2% growth hit from cash recall: Ind-Ra
Demonetisation is likely to pull down growth of the cement sector this fiscal to 4 per cent and may impact the debt level of small and medium producin
Read MoreNMDC hikes iron ore prices by Rs 125
India's largest iron ore miner NMDC has raised the prices of higher grade iron (lumps) by Rs 125 per tonne to Rs 2,225 per tonne for the current month
Read MoreOil dives two percent, strong dollar knocks crude off 18-month high
Oil prices slid more than 2 percent on the first trading day of 2017, knocked off 18-month highs hit in early trade as the U.S. dollar rallied to its
Read MoreETFs globally gather record cash in 2016 - BlackRock
Investors funnelled $375 billion into exchange-traded funds in 2016, investment manager BlackRock Inc (BLK.N) said on Tuesday, a global record that ca
Read MoreCY17: FPIs sell $124-m stocks in 2 sessions
Foreign portfolio investors (FPIs) have sold shares worth over $124 million in the first two sessions of calendar year (CY) 2017, after the rally in t
Read MoreBiggest economies face US$7.7 trillion bond tab
Governments of the world?s leading economies have about US$7.7 trillion of debt maturing in 2017, with most facing higher borrowing costs as a three-d
Read MoreHDFC, YES Bank, three others cut lending rates
Housing finance major Housing Development Finance Corporation (HDFC) on Tuesday reduced its lending rates by 50-55 basis points (bps) for all new home
Read MoreHonda Cars sales decline 18.6% to 10,071 units in December
Honda Cars India Ltd (HCIL) on Tuesday reported 18.64% decline in domestic sales at 10,071 units in December.The company had sold 12,379 units in Dece
Read MoreMahindra's SsangYong Motor 2016 sales surpass 150,000 units in 14 Years
Mahindra Group owned SsangYong Motor Company has recorded its highest ever annual sales in 2016 in 14 years. In 2016, the company also achieved its hi
Read MoreNext fiscal's growth to make up for extant eco slow down: Niti
Niti Aayog vice-chairman Arvind Panagariya today said demonetisation would have some impact on the economy in the third and fourth quarter of this fis
Read MoreBanks should supply 40% notes of Rs 500 or less to rural areas: RBI
After the government nudged banks to focus on rural areas, the Reserve Bank of India (RBI) on Tuesday instructed the lenders that at least 40 per cent
Read MorePaytm gets RBI approval for payments bank
Paytm on Tuesday said it has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next
Read MoreBSE gets Sebi go-ahead to launch IPO, may raise Rs 1,500 crore
Paving the way for BSE's IPO launch, capital market regulator Sebi has given its final go-ahead to the draft prospectus for the estimated Rs 1,500-cro
Read MoreNotification No.RBI/2016-17/207
Allocation of cash for rural areas
Read MoreNotification No.RBI/2016-17/206
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/205
Facility for exchange of Specified Bank Notes (SBNs) during Grace Period ? Verification of KYC and Account details
Read MoreNotification No.RBI/2016-17/204
Cash withdrawal from ATMs ? Enhancement of daily limits
Read MoreNotification No.RBI/2016-17/203
Special measures to incentivise Electronic Payments ? Extension of time
Read MoreNotification No.RBI/2016-17/202
White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets
Read MoreNotification No.RBI/2016-17/201
Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting
Read MoreNotification No.RBI/2016-17/200
Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs)
Read MoreNotification No.RBI/2016-17/199
Introduction of Interest Rate Options in India
Read MoreSingapore fourth-quarter GDP up 1.8 percent on-year, well above forecasts
Singapore's economic growth surged in the fourth quarter, rising 1.8 percent from a year earlier, handily beating a Reuters forecast for a rise of jus
Read MoreGerman unemployment falls more than expected in December
German unemployment fell more than expected in December, keeping the jobless rate in Europe's biggest economy at a record low, data from the Federal L
Read MoreChina manufacturing accelerates at fastest for 4 years
China's manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said today, in a sign of i
Read MoreUK manufacturing growth 'strengthens'
The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 56.1 in December from 53.6 the month before. A figure above 50 indicates expan
Read MoreRules eased for Singapore investors
Settlement of cross-border tax issues, especially transfer pricing, will be easier under the amended India-Singapore tax treaty. Bilateral advance pri
Read MoreEmpanelment of Chartered Accountants firms/LLPs for the year 2017-18
Empanelment of Chartered Accountants firms/LLPs for the year 2017-18
Read MoreInternational exchange to go live after ?Makar Sankranti?
The BSE?s India International Exchange at GIFT city will go live for trading after the festival of ?Makar Sankranti? later this month. Initially, at l
Read MoreFurther lending rate cuts likely, says BoAML economist
Bank of America Merrill Lynch Economist Indranil Sen Gupta said in a report that 2017 will see more lending rate cuts which will cushion the hit from
Read MoreSBI scales down loan growth target to 8-9%
In a bid to deploy the incremental deposits of Rs1.65 lakh crore received by its branches between November 9 and December 31, 2016 (demonetisation per
Read MoreJapanese sportswear brand Asics eyes local production for FDI, lower duties
Japanese sportswear brand Asics is planning local sourcing in India so that it can apply for FDI and benefit from lower duties. Considering its compet
Read MoreAircel Chennai Open partners with Audi
German luxury automobile manufacturer Audi will be the official car partner for the week-long Aircel Chennai Open tournament.Audi will be using their
Read MoreRevenues of IT companies may contract 3% this year
The New Year is unlikely to be kind to Indian IT firms. After experiencing a horrible 2016, Indian IT companies had hoped for some respite. But cloud,
Read MoreInterest rate on PPF, Kisan Vikas Patra, other small savings plans unchanged
The government has kept the interest rate on small savings schemes such as PPF and Kisan Vikas Patra unchanged for the January-March quarter, going ag
Read MoreHero MotoCorp sales down 34% in December
The country's largest two-wheeler maker Hero MotoCorp today reported a 34% decline in sales at 330202 units for December. The company had sold 499665
Read MoreMarket regulator Sebi revises guidelines for written off securities of FPI
Markets watchdog Sebi on Monday said the proceeds from the sale of written-off securities held by non-operating foreign portfolio investors would need
Read MoreGold import lowest since 2003
With the government giving a push to digital transactions following demonetisation and discouraging the purchase of assets using cash, some trends exp
Read MoreSamsung warns of slowing growth
Samsung Electronics sees growth slowing in key markets and uncertainties increasing around trade protectionism and currency fluctuations.In his annual
Read MoreExports poised to grow on global demand rise
India?s exports, which failed to capitalise on the falling rupee because of the adverse effects of demonetisation, are expected to grow this year with
Read MoreCognizant eyes $1.5-billion revenue from TriZetto
Cognizant Technology Solutions is eyeing $1.5 billion of potential revenue cumulatively from TriZetto Corporation, a health care information technolog
Read MorePromoters infused Rs 1,700-cr equity in Adani Power in FY17
For the past year, Adani Power has been undergoing an overhaul for its debt including measure such as equity infusion and refinancing. These have help
Read MoreAmazon taps individual sellers; joins Olx, Quikr
Utilising its existing logistics set-up, Amazon will enable individuals to sell items within their own cities. The company did not specify how quickly
Read MoreSteel Industry in India to face cheap import threat in near future; govt support critical
The glut in the global steel market, which led to an influx of cheap imports into India and a series of steps by the government to protect the domesti
Read More10-year government bond yield declines 10 bps to 6.41%
The decisions announced by several banks over the last couple of days to cut their marginal cost of funds-based lending rate by up to 90 basis points
Read MoreBandhan Bank lowers lending rates by 1.48 per cent
Private sector Bandhan Bank today announced a hefty 1.48 per cent reduction in its lending rates to 10.52 per cent, which will bring down its pricing
Read MoreICICI Bank, others take SBI cue, slash MCLRs
Private sector lenders ICICI Bank and Kotak Mahindra Bank and state-owned lenders Central Bank of India and Dena Bank on Monday reduced the marginal c
Read MoreVolkswagen India production up 17% to record 145,145 units in 2016
Volkswagen India produced a record 1,45,145 cars in 2016, making this the highest production ever in a year from the Pune facility. The company regist
Read MoreIdea Cellular to now raise Rs 1000 crore via NCDs to fund 4G expansion in India
Idea Cellular on Monday informed the stock exchange that it is planning to raise Rs 1,000 crore from the market via issuance of unsecured Redeemable N
Read MoreExide plans to invest additional Rs 300 cr in Haldia battery facility
Battery major Exide Industries on Monday said it will invest additional R300 crore at its Haldia facility in East Midnapore district for producing tec
Read MoreDigital payments see robust growth in 2016
Digital payments witnessed robust growth in terms of number of transactions and adoption in 2016 with Paytm alone contributing 26% share in total numb
Read MoreRupee breaches 68-mark to usher in 2017
The rupee started 2017 on a weaker note and plummeted by a whopping 30 paise to 68.22 against the U.S. dollar due to huge demand for the American curr
Read MoreCore sector registers growth, up 4.9% in November
A healthy performance by sectors, including coal, steel and electricity, helped eight core industries register a growth of 4.9 per cent in November 20
Read MoreApple partner Wistron seeks to expand India smartphone parts plant - government official
Smartphone component maker Wistron Corp, which counts Apple Inc among its customers, has applied for permission to expand its plant in Bengaluru, a hi
Read MoreDemonetisation: From car sales to Purchasing Managers? Index, note ban hits India
Manufacturing activity contracted for the first time in a year in December, as demonetisation curbed new orders as well as output of companies, accord
Read MoreGovernment keeps inflation pressure at bay in 2016, but hiccups loom
In spite of a smooth transition to a new inflation-targeting mechanism, crude price rearing its ugly head is a grim reminder that it will be a tough j
Read MoreEuro zone factories entering 2017 in good shape, PMI shows
Manufacturers in the euro zone started 2017 on a solid footing, after ramping up activity at the fastest pace in more than five years in December and
Read MoreBig relief: NRIs, Indians abroad can deposit old bank notes of up to Rs 25,000 till June 30
RBI tonight came out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till yesterday, the
Read MoreGold, silver log out of 2016 on muted note, post annual gains
Halting its 4-day upmove, gold today plunged Rs 200 to Rs 28,300 per 10 grams on the last trading day of 2016, in keeping with a subdued trend oversea
Read MoreCrude oil may not move beyond $60 a barrel in 2017: Rakesh Jhunjhunwala
Ace investor Rakesh Jhunjhunwala believes crude oil prices will not move beyond $60 a barrel in 2017. The black gold remained highly volatile in 2016,
Read More?Lower lending rates to cushion note-ban, 50-75 bps cut likely?
Banks are expected to bring down lending rates by 50-75 basis points in April-September if the Reserve Bank injects liquidity worth Rs 2,20,000 crore
Read MoreKotak Mahindra Bank cuts MCLR by up to 0.45 percent
A day after SBI slashed its rate offering steeply, country?s fourth biggest private sector lender Kotak Mahindra Bank today announced a cut of up to 0
Read MoreSBI sees loan growth jumping from 25-year low
State Bank of India, the country?s largest lender, is predicting an acceleration in loan growth from a 25-year low after slashing borrowing costs to t
Read MorePakistan inflation eases to 3.70 percent in December
Pakistan's annual inflation rate eased to 3.70 percent in December from 3.81 percent in November, the Bureau of Statistics said on Monday.On a month-o
Read MoreMajor Port Authorities Bill 2016: Aim is to empower ports by providing full autonomy, give infrastructure boost
Cargo traffic in India has grown slowly over the last 4-5 years. The government?s focus on developing shipping as a mode of transport is key to reduci
Read MoreMaruti sales decline 1% at 1,17,908 units in December
Country?s largest car maker Maruti Suzuki India (MSI) today reported 1 per cent decline in total sales at 1,17,908 units in December 2016 as against 1
Read MoreNissan India sales up 21% to 3,711 units in December
Nissan Motor India on Sunday reported a 21 per cent jump in domestic sales at 3,711 units in December, against 3,065 units in the same month a year ag
Read MoreEquities may fare better in 2017
The year 2016 was a roller coaster ride for the Indian equity market which made significant gains in the first half followed by loses in the later mon
Read MoreLPG prices hiked to Rs 434.71 per cylinder; kerosene and jet fuel prices raised too
State-run oil marketing companies (OMCs) on Saturday hiked the price of subsidised cooking gas, or LPG, along with kerosene and aviation turbine fuel
Read MoreDemonetisation takes toll on manufacturing, PMI falls below 50
Shortages of money in the economy made India's manufacturing sector dip into contraction for the first time in 2016, a private survey showed on Monday
Read MoreA dozen civic bodies to raise Rs 6k cr through bonds in 2017
About a dozen municipalities would raise nearly Rs 6,000 crore through bonds during 2017 for infrastructure projects, according to an estimate by the
Read MoreFPIs likely to go slow in issuance of new P-Notes from April
Foreign portfolio investors are likely to cut down on issuance of new offshore derivative instruments such as participatory notes (P-Notes) from April
Read MoreMyntra aims to double sales, turn profitable by March'18
Flipkart-owned Myntra is aiming to become profitable by March 2018, helped by a combination of rationalising costs, cutting discounts and introducing
Read MoreToyota Tightens Safety Belt to Take on Rivals
The Indian subsidiary of the world's largest carmaker Toyota Motor Corporation is planning to build India's safest small car, which the company claime
Read MoreBurning Cash to Burn Bright: Flipkart Lost Rs 14cr|Day in FY16
Flipkart ran up daily losses of over Rs 14 crore in the last financial year as it fought to stave off competition from arch rival Amazon in one of the
Read MoreBSNL to roll out Wi-Fi hot spots to take on competition in 4G space
Bharat Sanchar Nigam Ltd will invest Rs700 crore to rollout 40,000 Wi-Fi hot spots across India in the next one year. This strategy is to compete with
Read MoreCBDT notifies PF investment pattern
To provide tax certainty to private provident fund trusts, the Income Tax department has finally notified their new investment pattern. This comes mor
Read MoreMother Dairy launches digital payment system
In a bid to promote cashless transactions, Mother Dairy Fruit & Vegetable Pvt Ltd on Friday introduced Aadhaar Enabled Payment System (AEPS) in its Mi
Read MoreIndex Outlook: Indices poised for a rally
The year 2016 was a roller-coaster for domestic equity markets. The Nifty 50 index, during the year, recorded a low of 6,825.8 on February 29 and subs
Read MoreDemonetisation: Tata Steel hopes to get back normalcy soon
Private steel major Tata Steel on Sunday expressed confidence that the situation would be back to normal in the next quarter after the company?s perfo
Read MoreGrowth in China's factories, services slows in December
China?s manufacturing sector expanded for a fifth month last month, but growth slowed a touch more than expected in a sign that government measures to
Read MoreAt $15.2 bn, 2016 second-biggest year for PE investments
Private equity investments in 2016 hit $15.2 billion, making it the second-most successful one after 2015 that saw deals worth $17.3 billion materiali
Read MoreAfter Modi's new-year announcement, banks cut lending rate by up to 0.9%
State Bank of India slashed interest rates to the lowest in about a decade, forcing rivals to follow suit in the fight for market share, a day after P
Read MorePetrol price hiked by Rs 1.29 a litre, diesel by 97 paise
Petrol price was today hiked by Rs 1.29 a litre -- the third increase in a month, and diesel rate was raised by 97 paise a litre -- the second hike in
Read MoreM&As set $81 billion record in 2016
In October, when the Essar group sold its 98% stake in Essar Oil to a Rosneft-led consortium for about $13 billion, it changed the face of mergers and
Read MoreHere's why Indian markets still hold promise
Indian markets were on a roll till September this year. Corporate India was bullish, expecting a good monsoon, lower interest rates and higher disposa
Read MoreThe Fed is ?constrained by the rest of the world?: HSBC economist
The Federal Reserve surprised markets this month by forecasting three interest rates during 2017; yet according to one economist, it's likely that the
Read MoreWill January 2017 follow tradition and be another ?reversal? month for markets
As 2016 draws to a close, investors and analysts around the world will be looking ahead to what the coming year could bring for markets.So will the st
Read MoreMarico's Harsh Mariwala buys stake in L&T Finance
L&T Finance, which recently redefined its business strategy, is headed for a re-rating. Marico chairman Harsh Mariwala, an independent board member of
Read MoreRetailers take on online biggies, eye consolidation in 2017
Riding high on mergers and acquisitions, retail players made a strong comeback this year, taking online giants head-on in doling out deals and discoun
Read MoreBasmati rice industry expecting rebound
The basmati rice industry is expecting a rebound in second half of financial year 2016-17 and 2017-18 fiscal with demand driven improvement in realisa
Read MoreGlobal headwinds slow down Indian IT industry's growth
Global headwinds such as macroeconomic factors, currency volatility and disruptive technologies impacted the resilient Indian IT industry in 2016, for
Read MoreGold up, set to halt three-year losing streak
A weaker dollar helped gold extend gains into the final trading session of the year on Friday, leaving it on track to mark its first annual gain in fo
Read MoreRBI notifies closure of old notes? deposits in banks
Asking the banks to report collections of demonetised Rs 500 and Rs 1,000 currency notes on December 30 itself, the Reserve Bank of India (RBI) on Fri
Read MoreEveready hope on new Assam unit
With battery volumes flat on account of dumping from China and demonetisation effects dragging down its wholesale sales, Kolkata-based Eveready Indust
Read MoreTrial run of India?s first 700 MW nuclear reactor in 2017
The trial run of India?s first 700 MW pressurised heavy water reactor (PHWR) coming up at Kakrapar is expected to take place sometime in mid-2017, sai
Read MoreRBI relaxes ATM withdrawal limit to Rs 4500 from Rs 2500 per day
The Reserve Bank of India on Friday relaxed the daily ATM withdrawal limit to Rs 4500 from the earlier cap of Rs 2500. However, the weekly withdrawal
Read MoreDraghi Set for Inflation Boost That May Not Be All He Needs
Mario Draghi is set to get a bigger taste of inflation, just not in his preferred flavor.Rising oil prices and a weaker euro mean that projections the
Read MoreFoxconn joint venture to build $8.8 billion LCD plant in China
A joint venture between Hon Hai Precision Industry Co (2354.TW), known as Foxconn, and Sharp Corp (6753.T) plans to build a 61 billion yuan ($8.8 bill
Read MoreChina's Huawei sees slower revenue growth for 2016
China's Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightl
Read MoreOil, metals post stellar 2016 gains on output cuts, demand hopes
Crude oil, rubber and metals are set to end 2016 with strong gains, bouncing back from several years of losses on output cuts and expectations of firm
Read MoreChina's yuan suffers biggest one-year loss since 1994
China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst perform
Read MoreFPIs sell $1 billion equities in December, 2016
Foreign portfolio investors (FPIs) have sold equity shares worth more than $1 billion in December, amid concerns over the impact of the government?s d
Read MoreBonds in India See Best Year Since 2008 on Modi, RBI Surprises
India?s benchmark sovereign bonds are set to cap their best performance since the global financial crisis amid record debt purchases by banks, the big
Read MoreGlobal M&A deal value falls to $3.69 trillion this year
After three consecutive year-on-year rise, global mergers and acquisitions deal value declined by 21 per cent to $3.69 trillion this year.According to
Read MorePrivate equity investors bet $15.2 bn in 2016
Private equity investors bet $15.2 billion across 620 deals (and 585 individual companies) in 2016 making it the second biggest year for such investme
Read MoreVenture capital investments in India at $1.4 bn in 2016, dip 21%; IT stays favourite segment
Venture Capital firms made 405 investments in India, worth $1.4 billion during 2016 as compared to 512 deals worth $2 billion in 2015, which is 21% lo
Read MoreNasper-backed PayU India loss rises 3x to Rs 171 cr
PayU Payments reported a three-fold jump in its net loss to R171 crore for the year ended March 31, 2016, according to the company?s filing with the r
Read MoreIndia's end-Sept external debt rises to $484 bn
India's external debt decreased by USD 0.8 billion from the end-March 2016 level to USD 484 billion at end-September 2016, the government said. "India
Read MoreEconomy grew 7.2% in H1, inflation in comfort zone: FinMin
Finance Ministry today said that the Indian economy grew 7.2 per cent in the first half of the current fiscal, retaining its position as one of the fa
Read MoreIDBI Bank reduces MCLR for various tenors
State-run IDBI Bank today said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.For ov
Read MoreFiscal deficit hits 86% of budget estimate in April-November
Fiscal deficit touched the Rs 4.58 lakh crore mark, or 85.8 per cent of the budget estimate (BE) for the whole financial year, at the end of April-Nov
Read MoreAir India to turn profitable in FY19, says Aviation Ministry?s RN Choubey
The civil aviation ministry is satisfied with the performance of Air India with respect to its 2012 turnaround plan for which the government pumped in
Read MoreForex reserves fall by $935.2 mn to $359.671 bn
India's foreign exchange reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 on account of fall in foreign curren
Read MoreBlack money fight: Narendra Modi government shuts Singapore route; DTAA changed on sale of shares
Continuing with its assault on black money, New Delhi on Friday acquired the right to tax prospectively capital gains on sale of shares of Indian comp
Read MoreIndia, Singapore revise tax treaty
The government signed a pact with its Singapore counterpart on Friday, amending their decade-old tax treaty, gaining taxation rights over capital gain
Read MoreLuxury cars worth the bling? Market will post first-ever decline since 1994
Although the year didn?t fare well for luxury car players?the market will post its first-ever decline since Mercedes-Benz entered India in 1994?some e
Read MoreRetail in 2016: Reliance, Mahindra, Future expand online ventures in face-off with Amazon, Flipkart, Snapdeal
Riding high on mergers and acquisitions, retail players made a strong comeback this year, taking online giants head-on in doling out deals and discoun
Read MoreAmazon considering flying warehouses for item delivery
The e-commerce giant Amazon is considering flying warehouses called ?airborne fulfilment centre (AFC)?, utilising drones for item delivery, according
Read MoreSnapdeal partners with Reliance Jio to provide home delivery of SIM card
E-commerce firm Snapdeal has tied up with Reliance Jio to provide home delivery of SIM cards as part of the telecom's Happy New Year Offer.Earlier, Re
Read MoreHow demonetization will impact top six sectors of economy
In a historic move, the Modi government decided to cancel the legal tender of Rs 500 and Rs 1000 notes in a bid to curb and eliminate black money and
Read MoreMadhya Pradesh plans to develop 1,100 ?climate-smart? villages
Madhya Pradesh has embarked on an ambitious plan to develop 1,100 ?climate-smart? villages with an aim to prepare farmers to manage the climate change
Read MoreDemonetisation: Deadline to deposit junked notes ends tomorrow
The 50-day deadline to deposit the old Rs 500/1,000 notes in banks comes to an end tomorrow but the cash crunch and queues before ATMs are likely to c
Read MoreCBDT extends deadline for tax settlement scheme till January 31
Giving companies like Vodafone and Cairn Energy one more month to accept its offer to settle retro tax disputes, the government has extended till Janu
Read MoreM-wallet market value likely to touch Rs 275L-crore by 2022
Transactions through mobile wallets are expected to form the bulk of payments in the next 10 years with their market value set to grow 211% annually b
Read MoreGovt can now list industries for cashless wages
Seeking to take the country towards a less-cash society, the newly-notified Ordinance has enabled the Centre and states to classify industries and est
Read MoreSebi issues new set of disclosure norms for REITs
Putting in place a few more disclosure norms for real estate investment trusts (REITs), Sebi today asked such entities to inform stock exchanges about
Read MoreBad loan recovery by banks down 26% at Rs22,768 crore in FY16
Though banks have been making serious efforts to reduce their non-performing assets through various legal channels, the amount recovered by scheduled
Read MoreWoodland laces up to consolidate, step up exports
Adventure gear, shoe and apparel brand Woodland is in the process of consolidating its business post demonetisation, which has temporarily impacted sa
Read MoreBank credit growth continued to decline in H1
The growth in bank credit fell to 7.8% year-on-year (y-o-y) in the first half of this financial year, ending September 30, 2016, according the Financi
Read MoreCorporate India's financial position remains weak
India Inc?s financial position continues to be precarious with borrowings of over 40% of non-government, non-financial companies increasing at the end
Read MoreChina to spend $503 bn on railways to boost growth
China plans to spend 3.5 trillion yuan ($503 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster gro
Read MoreChina's CCB signs $4.3 bln of debt/equity swaps with coal, steel firms
China Construction Bank Corp (CCB) has signed around 30 billion yuan ($4.31 billion) worth of debt-for-equity swaps with eastern Anhui province's stat
Read MoreSouth Korea cuts 2017 growth projection to 2.6% from 3%
The South Korean government cut its growth projection for next year to 2.6% from 3%, reflecting tepid domestic consumption and weak exports.The govern
Read MoreBOJ Kuroda sees steady Japan recovery next year
Bank of Japan Governor Haruhiko Kuroda said he expects Japan's economy to enjoy a steady recovery throughout next year as global headwinds die down, a
Read MoreEuro zone corporate lending hits highest rate since 2009
Bank lending to euro zone companies grew at the fastest pace since the tail end of the global financial crisis last month as the European Central Bank
Read MoreChina to increase fiscal spending, cut taxes in 2017: ministry
China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday a
Read MoreShale drillers promise no 2017 binges as oil hangover eases
Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a s
Read MoreFarm growth in 2016-17 to be much better than last few years
The growth in agriculture and allied sectors will be higher during this fiscal as the country is likely to harvest bumper crop buoyed by good rains, A
Read MoreNovember inflows into Mutual Funds at Rs 36,021 cr
Despite volatility in the equity markets, inflows into mutual funds have led the sharp rise in the folios. The latest data from the Securities and Exc
Read MoreNPAs: SMA1, SMA2 accounts halve between Decmber 2015 & September 2016
A large chunk of fresh non-performing assets in the system consists of loans that were earlier part of the list of standard accounts in the Special Me
Read MoreReserve Bank of India: Interest rate options trading from January 31
In a move to widen the ambit of the domestic capital markets, the Reserve Bank of India (RBI) on Thursday issued guidelines for the introduction of tr
Read MoreCentral bank eases working capital lending norms for MSEs
Taking note of cash flow difficulties faced by micro and small enterprises (MSEs) as a result of the sudden withdrawal of legal tender status of high-
Read MoreBanks? GNPAs rise to 9.1% in Sept from 7.8% in March: RBI
The banking sector continues to face ?significant? level of stress as the asset quality has deteriorated further with the banks? gross non-performing
Read MorePost demonetisation, auto sector to see sharp decline in Dec
Auto sector is likely to witness decline in December wholesale figure with the rural retail market suffering a double?digit fall as compared to its ur
Read MoreFintech company Rubique sees huge spike in loan disbursal after demonetisation
Rubique, an online marketplace for financial products, has seen a huge spike in approval and disbursement of loans post-demonetisation. The fintech co
Read MoreReliance Industries Limited commissions new plant at Jamnagar to double PX production
Mukesh Ambani-owned Reliance Industries Limited (RIL) has commissioned a new Para-xylene (PX) plant at Jamnagar, which is set to more than double the
Read More60 lakh people deposited Rs7 lakh cr in banks since November 8
Armed with information about Rs7 lakh-crore deposits made by some 60 lakh individuals and companies, the government today warned of hauling up anyone
Read MoreGovt?s direct tax kitty swells to Rs 5.57 lakh cr in Apr-Dec period
Government?s direct tax kitty has swollen to Rs 5.57 lakh crore between April 1 and December 19 this year, thereby achieving 65% of budget estimates.T
Read MoreNotification No. 122/2016, F. No. 370142/4
Publish Date : Tuesday, December 27, 2016
Notification No. 123/2016/F. No. 133/33/2015-TPL
Publish Date : Wednesday, December 28, 2016
Notification No. 124/2016, F.No.142/11/2016-TPL
Publish Date : Thursday, December 29, 2016
Could Japan's staid economy catch markets on the hop?
Japan's economy has plodded along for a while, but Nomura in a note this week has pointed to six potential major surprises which, while outside its ba
Read MoreQatar Airways buys 10% stake in LATAM Airlines
Qatar Airways says it has purchased a 10-per cent stake in Chile's LATAM Airlines Group for USD 608 million. The Doha-based state airline announced th
Read MoreHouse price growth stable in 2016, says Nationwide
According to its latest House Price Index, average prices have grown by 4.5% over the last 12 months, the same rate as in 2015.However, it believes th
Read MoreIs China's growing debt burden a crisis in the making?
The story begins in 2009, when China launched a $600 billion economic stimulus program during the global financial crisis. It unleashed a wave of borr
Read MoreSolar power, green corridor blip on energy radar for 2017
Green seems to be the catchword for the government heading into the next year as it gears up to achieve 175 gigawatt of clean energy by 2022 through a
Read MoreGovernment okays Rs 11,000 crore road projects for Left-wing hit areas
The government has approved an over Rs 11,000-crore project to construct all-weather roads and improve connectivity for security reasons in nearly 40
Read MoreIDS II to fund Pay Commission, PSB recapitalisation: Bank of America Merrill Lynch
The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in c
Read MoreCrisis-Ridden Brazil Lures Iran and India on Oil Deal
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation?s
Read MoreAlibaba to soon open its first India office
Alibaba, largest e-commerce entity in China, is setting up its first India office in Mumbai, apparently an indication that it would step up investment
Read MoreCut in VAT makes cell phones cheaper in Telangana
Good news for phone users. The prices of cell phones are set to come down in Telangana, as the VAT on them has been reduced from 14.5 per cent to 5 pe
Read MoreBP Buys Woolworths Australian Gas Stations for $1.3 Billion
BP Plc will pay A$1.785 billion ($1.3 billion) for Woolworths Ltd.?s network of Australian gas stations in a deal that will cement the London-based oi
Read MorePenalty for failure to return old notes
If after March 31 next year, you still have a lot of the old series Rs 500 and Rs 1,000 notes, you might have to pay a hefty fine.According to an Ordi
Read MoreBritons Hoard Cash as Economic Uncertainties Prompt Caution
Britons are holding onto their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers
Read MoreJapan firms ramp up output, signs economy brightening
Japan's factory output rose in November and manufacturers expect to ramp up production in coming months, data showed on Wednesday, underscoring the ce
Read MoreWrite-down fears wipe $5 bn off Toshiba's value
A looming write-down at Japanese conglomerate Toshiba has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on
Read MoreDubai?s gold market bears the brunt of India?s demonetisation
Dubai?s famous Gold Souq, a prime market for yellow metal, has been witnessing almost a complete absence of visitors from India due to demonetisation,
Read MoreFund raising via debt placement up 57% to Rs 38,645 cr in November
India Inc raised a whopping Rs 38,645 crore in November through private placement of corporate debt bonds, a surge of 57 per cent from the year-ago le
Read MoreNotification No. 53/2016-Service Tax
Seeks to amend Service Tax Rules, 1994 so as to allow a person located in non taxable territory providing online information and database access or re
Read MoreNotification No. 52/2016-Service Tax
Seeks to amend exemption notification No. 25/2012-ST dated 20.06.2012 so as to exempt services by an acquiring bank, to any person in relation to sett
Read MoreNotification No. 51/2016-Service Tax
Seeks to amend Place of Provision of Services Rules, 2012 so as to exclude 'online information and database access or retrieval services' from the def
Read MoreCircular No. 1051/38/2016-CX
Export warehousing-Extension of facility in Ahmedabad District of Gujarat
Read MoreNotification No. 36/2016-Central Excise
Seeks to further amend notification No. 12/2012-Central Excise dated 17th March, 2012, in respect to the excise duty exemption on branded gold coins o
Read MoreNotification No. 35/2016-Central Excise
Seeks to exempt Point of Sale (POS) devices and goods required for its manufacature from central excise duty till 31st March, 2017
Read MoreRBI extends loan repayment window to 90 days
In further relief to people hit by demonetisation, the Reserve Bank of India (RBI) on Wednesday gave borrowers another 30 days over and above 60 days
Read MoreNotification No. 61/2016-Customs
Seeks to further amend notification No 12/2012-Customs dated 17.03.2012, so as to withdraw the exemption from Basic Customs Duty on import of Techniti
Read MoreICICI Bank cuts 1-, 2-, 3-year retail deposit rates
The spree of reduction in interest rates on term deposits continued, with ICICI Bank on Tuesday cutting rates on one- and two-year retail deposits by
Read MoreMobiKwik to facilitate utility bill payments
Mobile wallet MobiKwik today announced that users across the country will be able to pay their utility and convenience bills using its wallet. The com
Read MoreCircular No. 43/2016
Explanatory notes on provisions of the taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as contained in chapter IX-a of th
Read MoreCircular No. 42/2016
Clarifications on the Direct Tax Dispute Resolution Scheme, 2016
Read MoreCircular No. 41/2016
Clarifications on Indirect Transfer provisions under the lncome Tax Act. 1961?
Read MoreAfter posting Rs 61 cr loss, Lenskart eyes new revenue streams; CEO Peyush Bansal explains
Eyewear firm Lenskart is planning to build other streams of revenue, besides the existing e-commerce vertical and the chain of stores, as it eyes prof
Read MoreNotification No. 121
2016/ F. No. 178/07/2009-ITA-I / SO 4164(E)
Read MoreNotification No. 120/2016
F.No.370142/06/2016-TPL] / SO 4110(E) : Income-tax ( 35th Amendment) Rules, 2016
Read MoreNotification No. 119/2016
No. 500/02/2015-FT & TR-III] / SO 4082(E)
Read MoreZydus Cadila acquires 6 brands from American pharma MSD
Ahmedabad-based Rs 10,000 crore drug major Zydus Cadila, through its wholly-owned subsidiary Zydus Healthcare Limited, has acquired six brands from gl
Read MoreNotification No.RBI/2016-17/198
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Read MoreVatika raises Rs 495 cr from Axis Bank to expand hotel biz
Gurgaon-based realty firm Vatika group has raised Rs 495 crore from Axis Bank to fund its hospitality business expansion plans. The group last week ra
Read MoreNotification No.RBI/2016-17/197
Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India
Read MoreNotification No.RBI/2016-17/196
Master Circular on Issuance and Operations of Prepaid Payment Instruments ? Amendments to paragraph 7.9
Read MoreNotification No.RBI/2016-17/195
Auction of Government of India Dated Securities
Read MoreDirect tax collections in Mumbai, Delhi in single digit
Direct tax collections by both Mumbai and Delhi zones of the Income Tax department were in single digit until December 24, a department official said.
Read MoreNotification No.RBI/2016-17/194
Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17- Grant of grace period of 60 days beyond due date
Read MoreNotification No.RBI/2016-17/193
Procedural Guidelines for Servicing the Sovereign Gold Bonds
Read MoreGovt approves investment of Rs 266 cr for Delhi under AMRUT
The Centre has approved investments of Rs 266 crore for improving water supply and sewerage networks in Delhi under the 2016-17 action plan in AMRUT s
Read MoreNotification No.RBI/2016-17/192
Special Deposit Scheme 1975 ? Payment of interest for the calendar year 2016
Read MoreNotification No.RBI/2016-17/191
Withdrawal of Legal Tender Character of existing ? 500/- and ? 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into
Read MoreNPS Outshines MFs, Benchmarks in 2016
The National Pension System (NPS) has managed to generate decent returns in 2016. Although its equity plans remained lacklustre, it was compensated by
Read MoreAltico Capital invests Rs 400 crore in two residential projects
Altico Capital has invested Rs 400 crore in two separate projects of Pune-based Pharande Projects and Noida-based Panchsheel Buildtech. Both the proje
Read MoreUrbanClap hopes to turn profitable in the next two years
On demand mobile service marketplace UrbanClap today said it hopes to turn profitable over the next two years."We are not into discounting model but a
Read MoreMyntra to use warehouses of 10 brands to reach customers faster
Myntra is piloting a technology that will enable it to access inventories in warehouses or the stores of various brands, including Allen Solly, Van He
Read MoreAmul milk producers? body opens bank accounts for all 6.7 lakh member farmers
The Kaira District Co-operative Milk Producers? Union (KDCMPU), a member union of GCMMF which markets its products under brand Amul, today said it has
Read MoreRatan Tata-Cyrus Mistry Row: The Rumble in Bombay House
India Inc is no stranger to high-decibel corporate boardroom battles, but this year everyone on the ring side was taken by surprise when Ratan Tata an
Read MoreSaudi Arabia will tax expats and hike gas prices again
Slammed by lower oil revenues, the kingdom's budget deficit swelled to 366 billion riyals ($98 billion) in 2015, and 297 billion riyals this year. It
Read MoreModi government?s new rule: Holding more than 10 old notes can land you in jail after March 31
If you are still holding banned Rs 500 and Rs 1000 currency notes, then deposit them in banks as soon as possible. For the Narendra Modi government ha
Read More4G adoption up as 53% Indians bought smartphones online in 2016: Deloitte
Amid the steady 4G adoption growth, 53 per cent of Indians bought their smartphones online while 39 per cent of smartphone owners still preferred reta
Read MoreCCI clears Micromax-Madison India deal, 3 others get go-ahead
Competition Commission has cleared the proposed purchase of 2 per cent stake in handset maker Micromax by Madison India Opportunities Trust Fund (MIOT
Read MoreMobikwik to enable Utility Bill Payments across India
Indian mobile wallet major MobiKwik on Wednesday announced that users across India including those from rural and semi-rural areas will be able to pay
Read MoreUnion Budget 2017 likely to be taxpayer-friendly
The post-demonetisation Budget is likely to be citizen- and taxpayer-friendly and will aim to push growth. This was the central message that emanated
Read MoreListing of PSU subsidiaries in Financial Year 2018 disinvestment plan
Strategic sales and listing of subsidiaries of state-run enterprises will be the focus areas of the government?s disinvestment plan for the next fisca
Read MoreBorrowing Costs Fall 25-30 bps
This blocked the flow of black money into real estate, traditionally a key store of unaccounted wealth. On the other hand, the flood of deposits due t
Read MoreShare of households in total deposits with banks goes up 61.5%
In what could be a sign of improved reach of banking services across the country, the shave of households in total deposits with scheduled commercial
Read MoreRural consumption holds the key for FMCG in 2017
FMCG companies may have faced a dismal 2016 due to demand slowdown and demonetisation, but the players are still hopeful of a turaround by the last qu
Read MoreAluminium makers ask for cushion against imports
Domestic aluminium producers have asked the government to introduce minimum import price (MIP) to check cheap imports of unwrought aluminium and scrap
Read MoreRBI allows FPIs to invest directly in NCDs/bonds issued by Indian cos
The Reserve Bank of India has allowed foreign portfolio investors to transact in non-convertible debentures/bonds issued by Indian companies either di
Read MoreU.S. consumers ebullient; home prices gain
U.S. consumer confidence shot to its highest in more than 15 years in December as Americans saw more strength ahead in business conditions, stock pric
Read MoreOutrage Over the Economy Doesn?t Explain Surging Global Populism
The year belonged to people like Bill Heinzelman, a retiree from Wisconsin, and Lucien Durand, a farmer in southeastern France.They helped propel the
Read MoreChina November industry profits grow well, but chance to sustain gains clouded
China's industrial sector showed the strongest profit growth in three months in November, suggesting the world's second-largest economy was improving,
Read MoreItalian bank BMPS says ECB sees need for $9.2bn of capital
The European Central Bank sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros ($9.2 billion) of capital to bolster
Read MorePanasonic to invest over $256 mln in Tesla's U.S. plant for solar cells
Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk's Tesla Motors to make photovoltaic
Read MoreGlobal diamond business roiled as cash crunch hits Indian stone cutting
The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine's Day in February,
Read MoreNarendra Modi government?s efforts likely to turn India into exporter of steel after 2-year gap
The government?s efforts to rein in rising imports coupled with protectionist measures across the globe against China may make India a net exporter of
Read More83 IPOs hit Indian market, raised $3.8 bn in 2016
India's IPO market recorded strong performance in 2016 with 83 IPOs raising $3.8 billion this year, and the activity looks set to remain strong driven
Read MoreSensex posts biggest single-day gain in 3 weeks, gold cheers
Markets saw a big pullback rally on Tuesday, with the Sensex logging its biggest single-day gain of over 406 points in nearly three weeks and gold reb
Read MoreSebi eases trading norms for equity derivatives contract
With an aim to ease trading requirements, markets regulator Sebi today relaxed the combined futures and options position limit of stock brokers, FPIs
Read MoreYuan Turnover Soars in Sign of December Outflow Pressures
The onshore yuan?s surging trading volume is another piece of evidence that capital is fleeing China at a faster pace. The daily average value of tran
Read MorePrepaid Payments Instruments: RBI allows banks to include unlisted companies, public entities
Easing rules on issuance of prepaid payments instruments (PPIs), Reserve Bank today allowed banks to facilitate such devices to unlisted corporates, p
Read MoreForeigners raise short bets on India ahead of derivatives expiry
Global investors are raising short positions in Indian equity futures ahead of derivatives expiry on Thursday, signaling the selloff which dragged sto
Read MoreRupee falls past 68-level, tanks 32 points on USD scare
Breaking its two-day winning run, the rupee on Tuesday tumbled by 32 paise to close at 68.06 against the US currency on month-end dollar demand from i
Read MoreDemonetisation boost for e-wallets: Now, Novopay M-POS machine sales soar 5x
Bengaluru-based mobile payments company Novopay Solutions has seen a five-fold jump in sales of its mobile point of sale (M-PoS) machines following th
Read MoreCyber security: With e-payments soaring, enterprise spend to hit $1.1 bn in 2016, says Gartner
Given the importance of cyber security at a time when there is increasing digitisation of payments, Gartner estimates the country?s security market wo
Read MoreBudget 2017: Peak custom duty may be cut to 7%
A suggestion to harmonise the peak customs duty on industrial goods at 7%, concrete steps aimed at doubling farm income by 2022 and shifting labour-in
Read MoreFirst successful SDR coming? Ajay Piramal?s Piramal Enterprises, Dalmia?s Renaissance Group vie for Electrosteel Steels
The Ajay Piramal-led Piramal Enterprises and the Renaissance Group, an offshoot of the Dalmia Group, are in the reckoning to jointly purchase a 51% st
Read MoreEcommerce in India awash in losses; Amazon Flipkart, Paytm contribute 70% of total loss of Rs 10,670 cr
Losses at e-commerce players piled up last year as they blitzkrieged their way to consumers pockets. Although revenues rose sharply, the costs ? disco
Read MoreNotification No. 121 /2016/ F. No. 178/07
Publish Date : Monday, December 26, 2016
Dollar?s Rise Threatens Manufacturing Recovery
A strengthening dollar is re-emerging as a threat to U.S. manufacturers by making their exports more expensive and their foreign earnings less valuabl
Read MoreOMCs eye over 50% of retail sales in cashless mode by March
Bharat Petroleum today said cashless transactions at its outlets have jumped to 26 per cent after November 8 when high value notes were banned, from 1
Read MoreFairfax, US buyout funds vie for stake in IndiGo Tech arm
India-born Canadian billionaire Prem Watsa?s Fairfax Holdings is competing with US buyout giants such as the Blackstone Group and Carlyle Group to acq
Read MoreSBI, other banks may cut lending rates in new year
State Bank of India, the country's largest lender, and a few other banks are expected to announce a cut in lending rates effective early January, said
Read MoreMicrosoft can be the first co to hit $1 trillion in market valuation
The $26.2 billion acquisition of LinkedIn can propel technology giant Microsoft to be the first tech company to attain a market value of $1 trillion,
Read MoreNabard sanctions loans worth Rs 35,322 crore under Irrigation Fund
National Bank for Agriculture and Rural Development (Nabard) on Monday noted that so far it has sanctioned loans worth Rs 35,322 crore under Long Term
Read MoreService tax mop from Mumbai zone jumps 25.5 per cent till November
In spite of demonetisation, the Mumbai zone of the service tax department has not only exceeded the revenue collection as of November, but also has su
Read MoreFPIs may face up to 40% tax on Indian investments
A government clarification on indirect transfer of shares seems to have unnerved foreign portfolio investors as they could end up paying up to 40% tax
Read MoreExpat Fee, Subsidy Cuts: What?s in Saudi Arabia?s Fiscal Balance Plan
Saudi Arabia followed a historic budget announcement last week with an 84-page document outlining how the Arab world?s largest economy plans to balanc
Read MoreChina's outward investment tops $161 billion in 2016
China's non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (131.30 billion pounds) in 2016 and foreign direct investme
Read MoreKuroda defends BOJ's yield curve control
Bank of Japan Governor Haruhiko Kuroda defended his yield curve control policy on Monday, saying it had kept Japan's long-term interest rates from joi
Read MoreRussia sees oil products output down 2.5% in 2017
Russia?s output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernisation programme aimed at b
Read MoreChina companies struggle to sell bonds, posing quandary for economy
China?s roaring bond engine is stalling heading into the new year, posing a quandary for policy makers as they try to curb leverage while keeping econ
Read MoreIndia Inc's foreign borrowings in November stood at $488.49 mn
India Inc raised $488.49 million via External Commercial Borrowings (ECBs) and Rupee Denominated Bonds (RDBs) in November 2016, as per RBI data. The I
Read MoreSovereign gold bonds: Here?s how RBI is looking to ease the way for customers
The Reserve Bank of India (RBI) on Monday announced procedural guidelines for servicing of sovereign gold bonds, with a view of increasing the ease wi
Read MoreMobiKwik sees 400% rise in transactions post demonetisation
Mobile wallet major Mobikwik has seen a 400 per cent surge in transactions since the demonetisation of high-value currency by the Centre in November.
Read MoreDeal size gets smaller: ?Startups witness 44.3% decline in investment in 2016?
Investments in startups declined significantly in volume (28 per cent) and value (44 per cent) in calender 2016. The deal sizes got smaller as angel a
Read MoreChinese smartphone maker Oppo plans $216 million industrial park in Greater Noida
Betting big on the booming Indian smartphone market, Chinese smartphone maker Oppo is planning an industrial park in Greater Noida which will house a
Read MoreHighway connecting Char Dham to be upgraded under Rs 12,000-cr project
Pilgrimage to Char Dham is likely to become a lot safer and comfortable as the government has set out to widen the existing, geometrically deficient 9
Read MoreEssar Oil posts record Rs 2,162 crore net profit for FY16
Essar Oil on Monday said it earned a record net profit of Rs 2,162 crore in the 2015-16 fiscal on back of robust refining margins. At the company's an
Read MoreGold prices slump to 11-month low on weak demand
Gold prices slumped by Rs250 to hit over 11-month low of Rs27,550 per 10 gram at the bullion market on Monday due to weak demand from jewellers and lo
Read MoreSebi puts out disclosure norms for REITs
Putting in place the disclosure norms for real estate investment trusts (REITs), Sebi on Monday said the offer document will contain financial informa
Read MoreeBay India?s sales jump three-fold, but losses mount
eBay India, one of the earliest online marketplaces in the country, posted a three-fold jump in sales in 2015-16. However, its losses widened to Rs 26
Read MoreRailways plans highest outlay of Rs 1.35 lakh crore for FY18
Indian Railways is likely to have its highest plan outlay of around Rs 1.35 lakh crore for the next financial year. The national transporter plans to
Read MoreAmazon's losses to rise as it aims to narrow gap with Flipkart
Seattle-based online retailer Amazon?s losses in India are expected to accelerate in 2017 as the company focuses on new services such as Prime, Prime
Read MorePvt labels biz of e-tailers to triple to $5-bn in 2017
The contribution of private labels in India?s online shopping segment is expected to triple to around $5 billion in 2017 as e-tailers try to boost ear
Read MoreL&T bags Rs 3,039 crore orders
Engineering major Larsen & Toubro (L&T) today said that it has bagged orders worth Rs 3,039 crore across various businesses. The company has won order
Read MorePolavaram project: Centre extends Rs1,982-crore loan to Andhra Pradesh
The Centre on Monday provided loan assistance of Rs1,982 crore to Andhra Pradesh?s Polavaram irrigation project, seeking to minimise the negative impa
Read MoreExplanatory notes on provisions of the taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as contained in chapter IX-a of the Finance Act, 2016
Publish Date : Tuesday, December 27, 2016
Global M&A deal tally touches $3.1 trillion mark in 2016
Global merger and acquisition activity has soared to $3.1 trillion so far this year -- its third highest deal value since 2007, even as deal value saw
Read MoreLink financial data to judge creditworthiness, avoid NPAs: CII
With demonetisation channelising enormous amount of savings into banks for productive use, consolidating financial data on businesses can provide bank
Read MoreWe expect sales recovery will start in the second quarter of CY2017
Mark Fulthorpe is the global director of Light Vehicle Production Forecast for IHS Markit Automotive. He currently leads a team of analysts based in N
Read MoreTata Housing, Macquarie form Rs 2,000 Crore fund
Realty major Tata Housing has tied up with private equity firm Macquarie Group to set up a Rs 2,000 crore fund to be used for the company?s luxury hou
Read MoreONGC to pay over $1.2 billion for GSPC stake buy
State-run ONGC will pay over USD 1.2 billion for buying debt-laden GSPC's entire 80 per cent stake in KG-basin natural gas block, which is struggling
Read MoreBehind Tata-Mistry clash, a distinct set of governance rules
When Ratan Tata retired as chairman of Tata Sons Ltd in 2012, he proposed a change in the laws governing the relationship between India's largest cong
Read MoreGreek Debt-Relief Measures Unblocked by Eurozone
Greece?s eurozone creditors agreed on Saturday to unblock previously suspended debt-relief measures for the country, after Athens assured them that a
Read MoreFive events that shook world economy in 2016
An increasingly interconnecting world makes countries vulnerable to events in others. Seven years after the American subprime crisis shook the whole w
Read MoreGovernment to execute Rs 5 lakh crore Sagarmala projects by May 2019
Government today said it will try to implement projects worth over Rs 5 lakh crore under the ambitious Sagarmala initiative before completion of its t
Read MoreApparel exports to cross $30 billion mark in next 3 years:AEPC
The Rs 6,000-crore special package announced by the government in June for the textiles sector will help push apparel exports to over USD 30 billion i
Read MoreWhirlpool eyes $1 billion revenue by 2020
Home appliances maker Whirlpool of India is eyeing $1 billion revenue by 2020 on the back of new product innovations and growing Indian economy. "Indi
Read MoreCamlin Fine to acquire 51% stake in Chinese firm
Camlin Fine Sciences said it is acquiring 51 per cent stake in China-based Ningbo Wanglong Flavors and Fragrances Company Ltd.?We have entered into a
Read MoreQ2FY17: Another dull season
While the shortage of cash in the economy has dampened demand across a host of sectors and will certainly crimp corporate earnings for both Q3 and Q4
Read MoreCos must drop retro tax cases to avail settlement scheme: CBDT
Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitution
Read MoreCopper set to gain sheen
Despite being the darling of funds, the world copper market this year has been pricing in the anticipated combined effect of a surge in mine supply an
Read MoreWhy gold lost ground
Gold didn?t have a great year in 2016. Initially spurred by the dovish Fed, negative interest rates in many parts of the world and the EU referendum,
Read MoreNote-ban sop: Govt may raise I-T exemption limit for individuals
In a move to assuage the common man for the demonetisation hardship he has put up with, the Centre is considering increasing the income tax threshold
Read MoreThe fall and fall of deposit rates
Deposit rates have been on a free fall since the beginning of RBI?s money-easing policy in January 2015. While this is not entirely out of place, the
Read MoreDisinvestment kitty swells to Rs 34,800 cr this year
The government received Rs 34,800 crore from the sale of minority stake in an array of state- owned firms this year even as it prepared ground for the
Read MoreCPI inflation may average 5.3 per cent in 2017; rate cut likely: Nomura
India?s CPI inflation is likely to average around 5.3 per cent in 2017, up from 5.1 per cent in 2016, but the RBI might still cut repo rate by 25 bps
Read MoreHindalco's copper biz to double value-added products contribution by 2018
In a bid to beef up its copper earnings, Hindalco Industries is set to more than double the contribution of value-added products to the red metal busi
Read MoreAssam to quadruple tourism spend in FY18
Assam is on an overdrive to promote the state as an attractive tourist destination. On the heels of roping in Bollywood actress Priyanka Chopra as As
Read MoreRanbaxy portfolio makes up for 37% of Sun's India sales
Close to two years after Dilip Shanghvi-led Sun Pharmaceutical completed the acquisition of Ranbaxy, indications are that the Ranbaxy portfolio?s cont
Read MoreCognizant's acquisition spree to expand capabilities
Cognizant Technology Solutions is on an acquisition spree, with four full buyouts and two partial ones in 2016. Eight of its 16 acquisitions in the pa
Read MoreAuto firms' cash reserves zoom to Rs 46,000 crore on rising profit
The country?s top five auto companies, including Maruti Suzuki, Bajaj Auto and Hero MotoCorp, are sitting on a large cash reserve of Rs 46,000 crore,
Read MoreDemonetisation a big blow! GDP growth may dip below 6% in FY17
With consumption spends in rural and urban India stifled by the acute scarcity of cash, the economy is set to clock sharply lower levels of growth in
Read MoreNotification No. 119/2016 [F. No. 500/02/2015-FT
Publish Date : Friday, December 16, 2016
Amul, other dairy co-ops told to open bank accounts for all producers
The central government on Friday directed Amul -a dairy cooperative operated by Gujarat Cooperative Milk Marketing Federation ? to ensure bank account
Read MoreIndia drops initial objections, clears Google Technology patent to improve mobile phone out of service response
for the mobile phones to improve responses to out-of-service conditions. The Chennai patent office granted the patent to Google Technology Holdings, a
Read MoreTata-Cyrus Mistry spat shows independent company directors vulnerable in India
The bitter boardroom battle at the heart of Tata Sons has put a spotlight on the vulnerability of India?s independent company directors who stand-up t
Read MoreGovernment decides to approve action plans for three years under AMRUT
To accelerate works under AMRUT, Centre has decided to approve action plans for the next three years in one go rather than annual approvals, as 14 sta
Read MoreGovt gives three-year fund approval for urban mission
The Centre has decided to junk annual approvals for action plans under the Atal Mission for Rejuvenation and Urban Transformation, better known as AMR
Read MoreDeserted Goa beaches, gloom in tourism sector, 5 cr jobs at risk
It's year-end time. Raju Lakhani?s beachside restaurant here at this popular tourist strip in north Goa should have been packed this time of the year.
Read MoreGold heading for longest run of losses in more than a year
Gold headed for its longest run of losses in more than a year as expectations of a faster U.S. interest rate tightening cycle spur investors to sell h
Read MoreU.S. housing, consumer confidence data bolster economic outlook
U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the vie
Read MoreCanada's economy shrank by 0.3% in October after 4 months of expansion
Canada's gross domestic product shrank by 0.3 per cent in October, the first monthly contraction since May, Statistics Canada reported Friday.Goods pr
Read MoreMorgan Stanley PE Asia buys 20% in ZCL for Rs 170 crore
Morgan Stanley Private Equity Asia has picked up about 20% stake in ZCL Chemicals Ltd, formerly known as Zandu Chemicals, for Rs 170 crore. The capita
Read MoreCentre, states clear bulk of laws for GST
The Centre and states covered significant distance on the path towards rollout of goods and services tax (GST) when they cleared the bulk of laws for
Read MoreMegaFon to Buy Mail.ru Stake for $740 Million From Usmanov
Alisher Usmanov and his partners are set to pocket $740 million from moving a stake in internet company Mail.ru Group Ltd. to MegaFon PJSC, as the Rus
Read MoreUK economy grows faster than expected in Q3, no sign of Brexit hit
Britain's economy grew more strongly than expected in the third quarter, showing no sign of any slowdown from June's Brexit vote, but the country's cu
Read MoreNN Group to Buy Dutch Rival Delta Lloyd for $2.6 Billion
NN Group NV agreed to buy Delta Lloyd NV for about 2.5 billion euros ($2.6 billion) after its earlier offer for the Dutch insurer was rejected.NN offe
Read MoreIn wake of US presidential polls, demonetisation, FPIs sell equities worth $3 bn in India
Foreign portfolio investors (FPIs) have sold equity shares worth over $3 billion in the past two months, post the Presidential elections in the US and
Read MoreForex reserves shrink by $2.4 bn to $360 bn
India?s forex reserves declined by $2.38 billion to $360.60 billion during the week to December 16, the Reserve Bank of India data released on Friday
Read MoreSyndicate, Dena Bank cut rates on some fixed deposits
Amid the surge in deposits resulting from the withdrawal of R500 and R1,000 currency notes, state-owned lenders ? Dena Bank and Syndicate Bank ?reduce
Read MoreRenault expects to better industry growth in 2017 post demonetisation
French car major Renault said that it will better the industry growth in 2017 despite an expected challenging first quarter of the new year due to dem
Read MoreConsumer spend loses velocity, FMCG absolute value drops 1-1.5%: Nielsen
Fast Moving Consumer Goods (FMCG) category, which is valued at R2,56,000 crore, has seen a 1-1.5% drop in terms of absolute value, according to a late
Read MoreReliance Infrastructure sells stake in IEX for Rs103 crore
Reliance Infrastructure Ltd (R-Infra) has sold its 4.122% stake in power trading exchange IEX to a non-resident investor for a consideration of Rs103
Read MoreVatika Group secures Rs 700 cr funding from Altico Capital
Gurgaon-based developer Vatika Group today secured Rs 700 crore funding from Altico Capital and has closed the first tranche of Rs 475 crore. The mone
Read MoreIndia?s growth to stay unchanged at 7.1% in 2017: Japanese Agency
India?s growth is expected to largely remain unchanged at 7.1 per cent in the coming year and will rise sharply to 7.7 per cent in 2018, says a report
Read MoreIn a first, Bangladesh beats China as largest importer of Indian cotton
For the first time, Bangladesh will beat China to emerge as the largest importer of Indian cotton and cotton products, such as yarn and fabric, in 201
Read MoreTata Steel to acquire pellet maker BRPL for Rs 900 crore
Tata Steel on Friday said it has signed an agreement to acquire Odisha-based iron ore pellet manufacturer BRPL for Rs 900 crore in cash. Brahmani Rive
Read MoreSaudi Arabia eyes $53bn incentives plan to boost private sector
Saudi Arabia's government plans to provide 200 billion riyals ($53 billion) of incentives to the private sector over the next four years in its drive
Read MoreNew passport rule: Aadhaar can now be used as date of birth proof
The government on Friday announced that Aadhaar and e-Aadhaar card could be used as proof of date of birth (DOB) while applying for passports.In order
Read MoreONGC to buy 80% stake of GSPC with operatorship rights in KG basin block
State-run Oil and Natural Gas Corporation Ltd (ONGC) on Friday approved the plan to acquire the entire 80 per cent participating interest of Gujarat S
Read MoreMaruti confident of double-digit growth in spite of note ban
The car market seems to be inching back to normalcy after a temporary shock from demonetisation. Maruti Suzuki, India's largest car maker, said booki
Read MoreIncome-tax ( 35th Amendment) Rules, 2016
Publish Date : Wednesday, December 21, 2016
?India, China must redouble efforts to expand trade?
India and China must redouble their efforts to deepen mutual trust as well as to expand trade and investment ties, according to a senior Chinese offic
Read MoreGDP likely to be hit by just 0.2 per cent: D V Sadananda Gowda
Union Minister for Statistics and Programme Implementation D V Sadananda Gowda today said demonetisation could bring down the growth rate by just 0.2
Read MoreTata Steel to acquire 100% equity shares of Brahmani River Pellets Limited, for an enterprise value of Rs 900 crore
Amid continuing spat among the directors of the board, Tata Steel had today announced the execution of definite agreements to acquire 100 % equity sha
Read MoreSingapore headline CPI sees off deflationary trend for first time in 2 years
Singapore's headline consumer price index was flat in November from a year earlier, coming off a deflationary trend for the first time in two years, d
Read MorePrice slump fails to revive gold demand in India; China premiums shrink
Gold demand in India remained subdued this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crunch and holidays kept buy
Read MoreCBDT clarifies Rule114E of Income Tax Rules, says transactions of over Rs 2 lakh require to be reported
Issuing clarification regarding reporting of cash transactions under Rule 114 E of Income-tax Rules, 1962, the Central Board of Direct Tax (CBDT), tod
Read MoreRupee to remain under pressure: D&B
The rupee is likely to remain under pressure and is expected to trade in the range of around 67.70 - 67.90 per dollar this month, says a report.Accord
Read MoreNomura?s India growth indicator slumps to 20-yr low
Japanese financial major Nomura said its ?Composite Leading Index (CLI) for India for early 2017? ? tracking the non-agricultural GDP growth with a tw
Read MoreWatchmaker Swatch goes into car batteries as investors question strategy
Three years ago, Swatch Group (UHR.S) was riding high. The world's largest watchmaker, known for its colourful plastic watches as well as upscale bran
Read MoreGreece Promises Return to Markets Despite Spat With Lenders
Greek Prime Minister Alexis Tsipras has promised to return the country to international bond markets in 2017, despite delays in a bailout review and a
Read MoreSomeone Bought a ?Relatively Cheap Lottery Ticket? That Will Pay Off If Oil Hits $100
Call it a pre-Christmas lottery ticket, but someone in the oil market has been busy making a bold bet, buying contracts that will be profitable if oil
Read MoreGlobal steel production remains flat in Jan-Nov at 1,468 MT
Global steel production remained flat in the first 11 months of the current year at 1,468 MT even as four out of five major steel producing nations im
Read MoreFor first time in 12 months, IMPS transactions fall; experts blame decline in currency supply
Transactions made through the Immediate Payment Service (IMPS) of the National Payments Corporation of India (NPCI) witnessed a month-on-month decline
Read MoreSun Pharma to acquire Novartis?s cancer drug Odomzo for $175 mn
India?s largest drug maker Sun Pharmaceutical Industries Ltd has inked a pact with Switzerland-based Novartis AG to acquire the latter?s branded cance
Read MoreZCL raises Rs 170 cr from Morgan Stanley PE
Pharma company ZCL Chemicals today raised Rs 170 crore by selling an undisclosed stake to a fund managed by Morgan Stanley Private Equity Asia (MSPEA)
Read MoreIndian Angel Network invests close to R340 cr across 32 deals in 2016
Indian Angel Network (IAN) has invested close to R340 crore (over $49 million) across 32 deals in seed, early stage and innovative ventures in calenda
Read MoreEven as revenues jumps 2X to Rs 178 cr, ShopClues logs 3X jump in losses to Rs 383cr
Online player ShopClues, which deals in unbranded and unstructured products, reported a more than three-fold jump in its net losses to Rs 383 crore fo
Read MoreCisco to set up cyber security centres, partners CERT-In
Networking giant Cisco will set up cyber security centres in Gurgaon and Pune to help monitor threats in real-time as well as train people, including
Read MoreEssar Oil to double petrol pumps to 5,600 in 18 months
Essar Oil, India's largest private fuel retailer, plans to double the number of petrol pumps it has in the country to 5,600 in 12-18 months, the firm'
Read MoreUday helps HR discom swings into black, H1 profit at Rs 201 cr
Indicating signs of turnaround under Uday scheme meant for revival of loss-making discom, Haryana's Dakshin Haryana Bijli Vitaran Nigan (DHBVNL) has r
Read MoreDemonetisation boosts digital payments; debit card growth jumps over 30%
The acute shortage of cash has driven up both the volumes and value of card transactions at point-of-sale (PoS) machines. Data from the Reserve Bank o
Read MoreP-Notes investments fall to 33-month low at 1.8 lakh crore in Nov
Investments in domestic capital markets through participatory notes (P-Notes) plunged to its lowest level in nearly three years to Rs 1.79 lakh crore
Read MoreWhy small retailers are feeling the e-wallet pinch
In their haste to find alternate payment gateways in the post-demonetisation era, Delhi?s smaller retailers are realising that going digital isn?t goi
Read MoreAfter Fed hike, project delays, FIIs pull out of road projects
Foreign institutional investors (FIIs) are seen to be trimming their exposure in the road construction space as the latter continues to grapple with l
Read MoreSun Petro steps on the gas in energy space
Niko Resources has signed an asset purchase agreement with Sun Petrochemicals, divesting its operating interest (33 per cent) in the Hazira field, the
Read MoreKorean companies keen to invest in Punjab, Haryana
South Korea today expressed willingness to invest in Punjab, Haryana, Himachal Pradesh and Chandigarh region, and is keen to develop IT in cyber secur
Read MoreEIL to ready plan for Rs30,000-cr AP petrochemical plant by March
Engineers India Ltd has said that the project plan for the proposed one million tonne per annum (mtpa) petrochemical complex near the Kakinada port in
Read MorePlunging exports may force govt to cut $900-billion target for 2020
India?s dismal export performance in the past two years owing to lacklustre global demand has forced the government to consider pruning the goods and
Read MoreUS economic growth revised up to 3.5% in Q3
The US economy expanded more than previously reported last quarter on bigger contributions from a range of factors including services spending, intell
Read MoreSensex, Nifty fall for seventh straight session
Indian shares fell for a seventh consecutive session on Thursday, their longest losing streak in one-and-a-half years, as blue chips such as State Ban
Read MoreWalt Disney to restructure India operations
World's largest media and entertainment conglomerate, The Walt Disney Company, is set to restructure its India operations under new managing director
Read MoreClarifications on the Direct Tax Dispute Resolution Scheme, 2016
Publish Date : Friday, December 23, 2016
FPIs? hopes dashed as CBDT in no mood to raise Rs. 10-crore trigger threshold
The Central Board of Direct Taxes (CBDT) does not seem to be inclined to raise the threshold of Rs. 10 crore for triggering the applicability of ?indi
Read MoreWhy sterling may get another pounding from Brexit
The pound may have recovered from its post-Brexit lows, but it's set to face another round of Brexit heat, analysts said.In the wake of the U.K.'s lat
Read MoreHave planned 1,300 roadside amenities along Mum-Goa highway: Nitin Gadkari
The proposed four laning of highway connecting Goa and Mumbai will have around 1,300 roadside amenities including helipads and outlets selling local p
Read MoreRobotic rover mission: Team Indus ties up with Japanese firm for moon mission
TeamIndus, the Bengaluru-based private sector company in the race to put a robotic rover on the moon, has entered into atie-up with Hakuto of Japan to
Read MoreHelping build brands in the digital space, the Google way
As the threat looms of Gen Next terming existing brands as their ?parents? brand? and seeking newer alternatives, older brands are increasingly seekin
Read MoreMore entry-level smartphone players to quit market in India
With mounting revenue losses amid too many players fighting to grab a pie, exits will surpass entrants in the Indian smartphone market in 2017, analys
Read MoreSun Pharma to acquire oncology product from Novartis for $175m
Drug major Sun Pharmaceutical Industries on Thursday said it it will acquire a branded oncology product, Odomzo, from Novartis for an upfront payment
Read MoreExclusive: Saudi budget to boost spending, raise domestic fuel prices
Saudi Arabia's state budget for 2017, which is expected to be released on Thursday, will boost spending to support economic growth while raising domes
Read MoreJapan plans record $830 billion spending in FY2017/18, budget-balancing goal elusive
Japan's cabinet approved on Thursday a record $830 billion spending budget for fiscal 2017 that counts on low interest rates and a weak yen to limit b
Read MoreECB sees inflation surge, firming global recovery
Euro zone inflation will exceed 1 percent at the turn of the year, hitting a level not seen since late 2013, and global growth is picking up speed, th
Read MoreMobiKwik ties up with Amul for cashless transactions
Digital payments company MobiKwik today announced a tie-up with dairy cooperative Amul to enable the latter's customers to make cashless payments with
Read MoreGovt limits charges on electronic fund transfer
In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI to the extent
Read MoreDent on growth will be bigger than RBI's estimates: Nomura
Damage to India's economic growth is likely to be bigger than the RBI's estimates, as there could be a sharper slowdown in the near-term as cash short
Read MoreRBI inks info exchange pact with Turkey's banking regulator
Reserve Bank today said it has signed an agreement with Turkey's banking regulation agency for exchange of information and supervisory co-operation.
Read MoreGems and jewellery exports up 10% in Apr-Nov period
Exports of gems and jewellery grew by about 10 per cent to $ 23.5 billion during April-November period of the current fiscal, driven largely by rising
Read MoreViability gap funding likely for wind power
The Union Budget is likely to introduce viability gap funding and an incentive scheme for power distribution companies procuring wind power.If announc
Read MoreBank loans grow by over Rs 73,000 cr in fortnight ending Dec 9
Bucking the trend of shrinkage in loans due to demonetisation, commercial bank credit in India grew by Rs 46,812 crore in a fortnight ended December 0
Read MoreIndia may turn net steel exporter
India is likely to turn a net exporter of steel this year, on the back of an improvement in international prices, led by cost-push and a slump in reta
Read MoreEquity MFs stick to their top 10 bets in 2016
The top 10 stock preferences of India?s equity fund managers have remained the same over the past one year despite volatility. The investment stood at
Read MoreBank recapitalisation plan on course
The deluge of deposits in public sector banks following demonetisation will not affect the government?s plan to recapitalise them.The government would
Read MoreLinde, Praxair agree to $65-bn merger plan
German industrial gases group Linde and US suitor Praxair have agreed on an outline for a $65 billion-plus merger, with the combined company to be run
Read MoreJapan government raises view on economy for first time since March 2015
Japan's government upgraded its overall assessment of the economy on Wednesday, echoing the Bank of Japan's more upbeat view, in a sign the economy ma
Read MoreCoca Cola buys African bottling from AB InBev for $3.15bn
Anheuser-Busch InBev has agreed to sell its majority stake in Africa?s largest Coke bottler to the Coca Cola Company for $3.15 billion, the final plan
Read MoreIndia's Iran oil imports slide 19 percent in November, Saudi regains top supplier slot
India's oil imports from Iran fell 19 percent in November from a record high the previous month after regional rivals Saudi Arabia and Iraq raised sal
Read MoreNarendra Modi note ban to fuel bond gains after best year since 2008
Indian sovereign bonds look poised to extend 2016?s Asia-beating rally in the new year with interest-rate cuts expected in a banking system already fl
Read MoreCredit growth below 6%, lowest in 6 years
Non-food credit growth hit an at least six-year low of sub-6% ? 5.99% year-on-year to be precise ?in the fortnight ended December 9, data released by
Read MoreRBL Bank reduces MCLR by 0.3-0.45% for various tenors
Private sector RBL Bank has reduced the marginal cost of funds based lending rates (MCLR) by 0.30?0.45 per cent across different tenures.The reduced M
Read MoreAmerican PE major Advent picks up 41% in Ask Group for $125 m
Leading wealth management player Ask Group has sold 41 per cent stake to Boston-based private equity major Advent International for USD 125 million.
Read MoreDemonetisation: Toyota sees 3-4% contraction in Q4 sales
Toyota Kirloskar Motor Private Limited (TKM), an Indian arm of Japanese auto maker Toyota Corp, on Wednesday said it expects a 3-4% contraction in its
Read MoreHigher inflation in transportation in November
Latest retail inflation data have indicated higher inflation in the transport and communication sector, where most of the payments are usually made in
Read MoreFollowing furore, Rs. 5,000 deposit rule rolled back
The Reserve Bank of India (RBI) on Wednesday rolled back the restriction it imposed on people seeking to deposit Rs. 5,000 or more of the withdrawn hi
Read MoreReliance Communications sells tower unit for Rs 11,000 cr to Brookfield Infrastructure
Reliance Communications (RCom) on Wednesday signed a binding agreement with Canada-based Brookfield Infrastructure Group to sell a 51% stake in its to
Read MoreSwiss Q3 current account surplus narrows to 21 billion Swiss francs
Switzerland's third-quarter current account surplus narrowed by 2 billion Swiss francs ($1.95 billion) to 21 billion as reduced receipts from labour a
Read MoreGovernment borrowing falls less than expected in November
Government borrowing fell in November to ?12.6bn, down ?0.6bn from November 2015, according to the Office for National Statistics.However, the fall wa
Read MoreBig push for digital economy: Government limits transaction fee on IMPS, NEFT transfer
In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI to the extent
Read MoreGovernment clears creation of Indian Enterprise Development Services
Government today approved the creation of the Indian Enterprise Development Services (IEDS) in the Office of Development Commissioner, Ministry of Mic
Read MoreIndia tops United Kingdom to become 6th largest economy of the world
Indian economy scored one over its former colonial masters when it reportedly took over United Kingdom?s economy for the first time in 150 years. Earl
Read MoreOdisha approves Rs 1,796.27-crore projects under irrigation scheme
To create an additional irrigation potential of 10 lakh hectares by 2018-19, Odisha government today approved proposals to award works worth Rs 1,796.
Read MoreRBI exempts KYC-compliant accounts from interrogation, single-deposit rule
Rattled after huge protests against banks interrogating people who deposited more than Rs 5,000 rupees in demonetised currency notes, the Reserve Bank
Read MoreBajaj Hindusthan to sell power biz to group firm for Rs. 1,800 cr
Bajaj Hindusthan Sugar Ltd plans to sell its co-generation power business to its group company Lalitpur Power Generation Company Ltd (LPGCL) for about
Read MoreBrookfield set to seal Rs 11,000 crore RCom tower deal this week
The Brookfield Group is set to sign as early as Wednesday a definitive agreement with Reliance CommunicationsBSE 8.13 % to buy a majority stake in the
Read MoreAmazon on a high! Cloudtail surpasses Shoppers Stop's revenue; sales up 300%
Amazon?s largest seller Cloudtail surpassed the country?s largest department chain Shoppers Stop by revenues which grew fourfold during the year to Ma
Read MoreCircular No.59/2016-Customs
Regarding Outsourcing by an authorized courier
Read MoreCircular No.58/2016-Customs
Regarding Roll out of Express Cargo Clearance System (ECCS) at Courier Terminal, Sahar, Mumbai
Read MoreCircular No.57/2016-Customs
Regarding guidelines for the sale of seized/ confiscated gold
Read MoreNotification No. 54/2016-Customs (ADD)
Seeks to levy definitive anti-dumping duty on ?Axle for Trailers? originating in, or exported from People?s Republic of China
Read MoreNotification No. 53/2016-Customs (ADD)
Seeks to levy anti-dumping duty on the imports of Low Ash Metallurgical Coke originating in or exported from Australia and People?s Republic of China
Read MoreNotification No. 148 /2016- Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 147 /2016- Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 16th December, 2016
Read MoreNotification No. 146 /2016- Customs (N.T.)
Notification of Raiganj Railway Station in the district of Uttar Dinajpur, West Bengal as a Land Customs Station.
Read MoreNotification No. 145 /2016- Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 2nd December, 2016
Read MoreNotification No. 144 /2016- Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No. 143 /2016- Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 30th November, 2016
Read MoreNotification No. 142 /2016- Customs (N.T.)
Courier Imports and Exports (Clearance) Amendment Regulations, 2016
Read MoreNotification No. 60/2016-Customs
seeks to further amend notification No.12/2012-Customs dated the 17th March, 2012, so as to reduce import duty on wheat from 10% to Nil without an end
Read MoreGold falls as dollar rises
Gold fell on Tuesday as the dollar rose and investors sold on expectations of stronger global economic growth and higher US interest rates, while dead
Read MoreFuel cost surge hits cement firms
Cement companies are facing margin pressure because of rising prices of imported coal and petcoke, a byproduct of oil refining, and sluggish demand du
Read MoreNotification No.RBI/2016-17/190
Auction of Government of India Dated Securities
Read MoreTreasury gains may help banks offset Q3 pressure
Demonetisation is likely to hurt banks' performance in the December quarter on multiple fronts, but some of this could be offset by leeway on bad loan
Read MoreNotification No.RBI/2016-17/189
Withdrawal of Legal Tender Character of existing ? 500/- and ? 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into
Read MoreAir India to get only Rs 80 cr as additional budget support
State-owned airline Air India will get only Rs 80 crore as additional budget support in the current financial year from the government ? way below its
Read MoreIntex to expand consumer durables portfolio
Home-grown Rs 6,200-crore turnover consumer electronics and durables company Intex Technologies is all set to foray into the air-conditioning market a
Read MoreDaman and Diu becomes first cashless region in the country
The tiny Union Territory along the Arabian Sea coast, Daman and Diu, has become the first cashless region of the country.Minister of State for Home Ha
Read MoreItaly Paves Way for a $21 Billion Aid Plan for Ailing Banks
The Italian government moved closer to a potential rescue of lenders including Banca Monte dei Paschi di Siena SpA by seeking permission from parliame
Read MoreUber?s loss exceeds $800m in Q3 on $1.7b in net revenue
Even as Uber Technologies Inc. exited China, the company?s financial loss has remained eye-popping. In the first nine months of this year, the ride-ha
Read MoreBOJ upbeat on economy, Kuroda shrugs off talk of rate hike
Bank of Japan Governor Haruhiko Kuroda offered an upbeat view of the economy but sought to douse market talk the central bank may soon consider raisin
Read MoreMutual funds add Rs 4 lakh cr to the kitty in 2016
Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with an addition o
Read MoreNon-life insurers' premium in Nov up 29% to Rs 9,163 cr
Non-life insurers collected a gross premium of Rs 9,162.81 crore in November this year, a rise of 28.97 per cent from the year-ago period. The non-lif
Read MoreCloudtail India, one of the largest sellers on Amazon India, loss in FY16 falls to Rs 30 cr
Cloudtail India, one of the largest sellers on Amazon India, reported a marginal drop in its net losses to R30.2 crore for the year ended March 31, 20
Read More8K Miles Software acquires US-based IT firm for Rs 70 crore
Secure cloud solutions and managed services provider 8K Miles Software today announced the acquisition of US Healthcare Information Technology firm Co
Read MoreUber, Micromax partner to offer one-touch mobility experience
Domestic smartphone maker Micromax on Tuesday announced its exclusive partnership with ride-hailing app Uber to create seamless mobility experience fo
Read MoreByju?s gets investment from World Bank?s IFC
Byju?s, a leading education technology company, has received an undisclosed investment from International Finance Corporation (IFC), an arm of the Wor
Read MoreUAE firm launches world's 1st offsite manufacturing park in TN
The world's largest and first fully integrated industrial park has been opened in Tamil Nadu by a NRI-owned multinational group based in the UAE that
Read MoreCentre releases Rs 450 cr special package to Telangana in FY17
Centre today said it has released "special assistance" of Rs 450 crore to Telangana for the current fiscal as per the provisions under Andhra Pradesh
Read MoreDemonetisation double whammy for India Inc: Demand slows as input prices surge
Companies are going to face a potentially peculiar situation following demonetisation, if the recently released inflation data are any indication. Whi
Read MoreRupee tumbles to 2-week low, breaches 68-mark vs US dollar
The rupee today slipped further to a fresh two-week low of 68.03, plummeting by 16 paise against the American currency, following a sudden rise in the
Read MoreClarifications on Indirect Transfer provisions under the lncome Tax Act. 1961
Publish Date : Wednesday, December 21, 2016
U.S. has 'strongest job market in nearly a decade,' says Janet Yellen
"You are entering the strongest job market in nearly a decade," Yellen told graduates at the University of Baltimore on Monday. "The job prospects and
Read MoreItaly wants $21 billion to prop up its wobbly banks
The Italian government said late Monday that it is asking parliament to let it borrow as much as ?20 billion ($20.8 billion) for a potential bank resc
Read MoreIndia's war on cash needs a very different approach
As India continues its scorched-earth campaign against cash, the question baffling many analysts is why a country so unfamiliar with digital payments
Read MoreCash crunch to normalise by February 2017
Around 75 per cent of the total value of scrapped notes is expected to be back in the system by January-end and complete normalcy is likely in next tw
Read MoreKolkata witnessing rise in demand for warehouses
Demand for warehouse space witnessed rise in Kolkata in the last two years as manufacturing and consumption majors like Shoppers StopBSE 1.58 %, Manya
Read MoreRBI says banks cannot decline pre-2005 notes
Reserve Bank of India (RBI) has directed banks to accept pre-2005 currency notes after receiving complaints from the public. These notes have been gra
Read MoreJapan's SoftBank to invest $1 billion in US company OneWeb
Japanese telecoms and energy company SoftBank says it has agreed to invest $1 billion in the US company OneWeb Ltd, which is building a network of sat
Read MoreAmazon India gets Rs 2010 crore fresh capital infusion
Amazon has invested Rs 2,010 crore in its main Indian unit, marking the single largest capital infusion so far as it bids to topple market leader Flip
Read MoreAfrica at highest risk of major economic blow from future climate threats - global index
Countries most dependent on agriculture are also at high risk of experiencing changes in climate over the next 30 years and face the biggest costs in
Read MoreRBI to issue new Rs 500 note in new series with inset letter R
The Reserve Bank of India today said it is issuing a new batch of Rs 500 notes in Mahatma Gandhi (New) series with the inset letter R in both the numb
Read MoreGovt revises North East Industrial and Investment Promotion Policy
The government has revised the North East Industrial and Investment Promotion Policy (NEIIP), 2007, stipulating that all the subsidies to industrial u
Read MoreLess tax for small traders on digital transactions: Government
In a bid to promote less cash economy, the government today said small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if
Read MoreTransfer pricing may come back to haunt investors from cyprus
The government on Monday afternoon clarified that according to the amended Cyprus treaty, investors need to pay only 10% tax with retrospective effect
Read MoreFrench car major Renault plans to bring volume driver models in India
French car major Renault aims to launch more products in India in the high selling sub-four meter category even as it prepares to surpass 5 percent ma
Read MoreCG Corp to invest Rs. 250 crore in Wai Wai noodle bars expansion
CG Corp, makers of Wai Wai noodles, has tied up with Franchise India to open 1,500 noodle bars in the next five years. The company had earlier this ye
Read MoreYou have only one chance to deposit scrapped notes worth over Rs 5,000
With hardly 12 days for the deadline to deposit demonetised currency notes, the RBI has come out with yet another circular, placing more restrictions.
Read MoreVedanta to cut aluminium making cost
Buoyed by lower alumina and coal costs, diversified metals and mining conglomerate Vedanta plans to keep its aluminium manufacturing cost below $1,400
Read MoreApparel makers advance end-of-season sales
Leading textiles manufacturers plan to recover over half of their business in the next six weeks by advancing end-of-season sales.Apparel and home tex
Read MoreE-com as habit is Amazon's 2017 focus
Groceries and entertainment might be Amazon?s key to making e-commerce a habit among its customers in India and score over local rival Flipkart.For Am
Read MoreJapan November exports beat expectations as yen tumbles, volumes rise
Japan's export performance improved strongly in November as rapid decline in the yen and a recovery in overseas demand boosted shipments from the trad
Read MoreFairfax Financial to buy Allied World for $4.9 billion in cash and stock
Toronto-based insurance group Fairfax Financial has agreed to buy Swiss insurer Allied World Assurance for $4.9 billion in cash and stock, the compani
Read MoreOPEC Deal Makes Oil Investors Most Bullish Since Slump Began
Investors are the most optimistic on oil since the slump began two and a half years ago.Money managers boosted bets on rising West Texas Intermediate
Read MoreGold imports shrink 30.5% to $15.7 billion in Apr-Nov
Gold imports witnessed a fall of 30.5% to $15.74 billion in April-November of the current financial year, which is expected to keep a lid on the curre
Read MoreSebi notifies norms for public issue of REITs
Markets regulator Sebi on Monday put in place detailed guidelines for public issuance of Real Estate Investment Trusts (REITs) including allocation of
Read MoreMutual fund folio count climbs 44 lakh in April-November to record 5.2 crore
Driven by addition in equity fund folios, mutual fund (MF) houses have registered a surge of nearly 44 lakh investor accounts in the first eight month
Read MoreBonds fall on selling by banks and corporates
Government bonds (G-Secs) declined on selling pressure from banks and corporates. The 7.59 per cent government security maturing in 2026 slipped to Rs
Read MoreMicrosoft in tie-up for eyecare
Microsoft India, in collaboration with LV Prasad Eye Institute (LVPEI), launched Microsoft Intelligent Network for Eyecare (MINE) to enhance real life
Read MoreTata Coffee plans freeze-dried coffee plant in Vietnam
Tata Coffee, a subsidiary of Tata Global Beverages, on Monday said it plans to set up a freeze dried coffee plant in Vietnam with an installed capacit
Read MoreLeather industry takes a hit from demonetisation: Survey
Trade in major clusters of leather and related products in India has been hit hard by the demonetisation, industry body Assocham said on Monday. ?Ther
Read MoreAssam govt to offer 0.75% more rebate on digital purchase of fuel
The Assam government on Monday announced an incentive of 0.75% on digital payments for buying petrol and diesel, in addition to that of the Centre, ta
Read MoreJapan November exports show signs of recovery as yen tumbles, volumes rise
Japan's exports in November fell at a slower pace as a rapid decline in the yen and a recovery in overseas demand boosted shipments from the trade sec
Read MoreEast Asia is the chief banker to the world. Your move, America
Excess savings of the eight major East Asian economies currently stand at $755 billion. That represents two-thirds of the world's total.The savings ag
Read MoreIncome tax powers for Wales set to come in 2019
In addition, the amount the Welsh Government can borrow for capital spending - funding for building and infrastructure - will double to ?1bn. Finance
Read MoreChina set for slower growth, tighter policy in 2017 as government targets asset bubbles
China's economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy and further curbs to clamp down on asset price bub
Read MorePost demonetisation, organised Jewellery sector shines brighter
The Bank Street of Karol Bagh, a key jewellery hub in the national capital, is a silent witness to the changing moods of the Indian gold customer. Six
Read MoreEmployees provident fund interest rate fixed at 8.65 p.c.
Nearly 15 crore people subscribed to employees provident fund scheme will earn interest at the rate of 8.65 per cent on their savings in 2016-17. This
Read MoreDemonetisation: Business takes a hit but poor back move; GDP growth estimates cut from 7.8% to 6.4%
We embarked on an exhaustive on-the-ground analysis of demonetisation?s impact on the economy ? Over 512 meetings were held across 58 key urban/semi-u
Read MoreAsian Development Bank signs agreement with Government for $500 million Bihar bridge across Ganga
An agreement between Asian Development Bank and Government was signed for the construction of a new bridge across the river Ganga at $500 million. The
Read MoreServices to form 25 per cent of global trade by 2030: HSBC
As economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are exp
Read MoreOld note deposits in banks to be allowed only once till December 30 if it exceeds Rs 5,000
Deposits of old Rs 500 and Rs 1,000 notes worth more than Rs 5,000 into bank accounts can be made only once till December 30. The government has annou
Read MoreNew cash deposit limits: 6 things you need to know about depositing old notes in banks
If you still have old notes worth over Rs 5,000 in your possession and are planning to deposit it, you need to hurry up. The RBI on Monday issued a fr
Read MoreTata-Mistry battle lesson for India Inc
India Inc appears divided on the collateral damage that the Tata-Mistry boardroom battle has inflicted on the corporate governance framework. The even
Read MoreAcer India puts mobile business on hold
Taiwanese information technology hardware major Acer has put its smartphone business on hold in India. Acer, which had already invested in setting up
Read MoreLuxury carmakers begin journey to Northeast
When luxury carmaker Mercedes-Benz inaugurated its first Northeast dealership in Guwahati early this month, it delivered cars to 20 customers on Day 1
Read MoreHere's why flat advance tax will not derail govt's fiscal deficit target
Even as the cash crunch following demonetisation hit advance tax collections for the quarter ending December, economists say the fiscal deficit target
Read MoreOptions galore: Over Rs 10,000 crore retail bonds offering up to 9% set to flood street
More than Rs 10,000 crore of retail bonds are likely to hit the market in the next few weeks, with Reliance Home Finance taking the lead, as companies
Read MoreTelangana gets Rs 8,000 crore highway projects 'gift'
Union transport minister Nitin Gadkari on Saturday announced Rs 8,000 crore worth projects for development of national highways in Telangana. The road
Read MoreIndian pharma industry set for a leap
The Indian pharma industry is set for a great leap forward in the coming years and therefore all the stakeholders should brace up for the development,
Read MoreMobME eyes overseas expansion
MobME Wireless, India?s first telecom campus start-up, completes a decade of its launch this month, amid plans to ramp up its operations through a str
Read MoreOVL raises $1 billion debt to fund Vankor acquisition
ONGC Videsh Ltd (OVL) has raised USD 1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second bigg
Read MoreSteel prices to go up by ?6,000 a tonne in Jan
Steel prices are set to go up by ?6,000 a tonne in January with the sharp increase in coking coal price and other operational costs.Incidentally, the
Read MoreDeals to cut output spark crude oil rally
Crude oil, routed since June 2014 from $115 to less than $50 a barrel until recently, found respite over the past fortnight. Prices shot up nearly 20
Read MoreGood time to bond with Indian bonds
What started as a dismal year is turning out to be one of the best phases of the Indian bond market since the global financial crisis of 2008. Compare
Read MoreCement to stay soft for now
Cement prices have been up by 2.7 per cent in the last one year ? with the northern region witnessing the maximum appreciation of 20 per cent. The pri
Read MoreSolid returns from liquid funds
Liquid funds can fetch you better returns, albeit at a slightly higher risk, compared to your savings bank account. Over the last one year, they have
Read MoreBritish companies absorb Brexit shock, get on with business for 2017
Richard Bunce says he felt sick when voters decided to take Britain out of the European Union in June, forcing him into a emergency review of his firm
Read MoreUber?s Middle-East rival Careem valued at $1 billion after Saudi Telecom deal
Government-controlled Saudi Telecom Co. will invest $100 million in Middle East-based ride-hailing app Careem Networks FZ, giving the four-year-old co
Read MoreNotification No. 118/2016
Notification No. 118/2016 [F.No.225/305/2016-ITA-II]
Read MoreNotification No. 117/2016
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii New Delhi, the 16 th December, 2016 S.O.4060(E).? In exer
Read MoreNotification No. 116/2016
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules, 2016
Read MoreNotification No. 115/2016
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii New Delhi, the 16 th December, 2016 S.O. 4058(E).? In exer
Read MoreNotification No. 114/2016
[F.No. 500/02/2015-FT&TR-III] GAURAV SHARMA, Under Secy, Uploaded by Dte of Printing at Government of India Press, Ring Road, Mayapuri, New
Read MoreNotification No.RBI/2016-17/188
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 - Operational Guidelines
Read MoreNotification No.RBI/2016-17/187
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016
Read MoreNotification No.RBI/2016-17/186
Special measures upto March 31, 2017: Rationalisation of Merchant Discount Rate (MDR) for transactions upto ? 2000/-
Read MoreNotification No.RBI/2016-17/185
Special Measures upto March 31, 2017 : Rationalisation of customer charges for Immediate Payment Service (IMPS), Unified Payment Interface (UPI) & Uns
Read MoreIndian Railways, Steel Ministry ink unique deal, transport costs of slurry to fall
The steel ministry has signed a unique way-leave agreement with the railways under which slurry pipelines will be laid alongside railway tracks, a mov
Read MoreCoal imports may remain weak in December on notes ban, firm prices
Coal imports, which dropped by 16 per cent to 14 million tonnes (MT) in November, are likely to decline this month as well due to factors like demonet
Read MoreFrom Flipkart to Paytm, e-commerce companies in India grow revenues, but losses skyrocket
Even without the curbs imposed on them, e-retailers don?t seem to have made too much money in FY16. While for some companies, the losses doubled, for
Read MoreChina is no longer the biggest foreign holder of U.S. debt
Beijing has been dumping U.S. government debt to prop up its currency. China uses the dollars it gets from selling U.S. Treasuries to buy the yuan, wh
Read MoreTelenor looks to sell its India unit to Idea Cellular
Telenor is said to have held talks with Idea Cellular for a cash-less sale of its India unit, which would entail the country?s No. 3 mobile phone comp
Read MoreIndia battleground: Uber expects to clock profit soon
Uber Technologies expects to turn a profit in India soon as the ride-hailing firm takes on home-grown rival Ola, the United States-based company's CEO
Read MoreHonda to hike car prices by up to 3% from January
Honda Cars India Ltd (HCIL) today said it will hike prices of its vehicles across models by up to 3 per cent from next month."Due to the increasing pr
Read MoreImport payments of services fall by 7.5 per cent
Payments for India's service imports in October 2016 fell by 7.5 per cent. It was down to $ 7,680 million from $ 8,304 million in the preceding month,
Read MoreTrade deficit widens in November to $13 billion
The country?s trade deficit ballooned to $13 billion in November ? the highest since $13.08 billion in July 2015, and sharply wider than the $10.41 bi
Read MoreBiyani takes on Flipkart, Snapdeal with "free shopping weekend"
Fashion discount chain Brand Factory, part of Kishore Biyani promoted Future Lifestyle Fashion, on Friday launched a 3-day Free Shopping Weekend mega
Read MoreFMCG companies slash marketing spends, postpone new product rollouts
Leading consumer goods firms have postponed new launches and stalled or slashed expenditure on marketing in the December quarter, following the curren
Read MoreDemonetisation to hit bank credit growth
Credit growth has always been closely linked to the pace of economic growth. The recent cut in GDP growth forecast by rating agencies, brokerage house
Read MoreToyota unlocks its engine technology, could sell to rivals
Long guarded about what was beneath the hood of its pioneering Prius cars, Toyota Motor Corp plans to open up its powertrain technology to rivals, hop
Read MoreBlackstone buys stake in Pune mall for Rs. 600 crore
Increasing its play in the commercial and retail real estate, US private equity giant Blackstone has acquired 50 per cent stake in Pune-based Westend
Read MoreGold slumps to 10-month low, sheds Rs 500 on global weakness
Falling for the second day, gold cracked below the Rs 28,000-mark by plunging Rs 500 to over 10-month low of Rs 27,750 per 10 grams on Friday, trackin
Read MoreMF's equity inflows halve in 2016
Investor inflows into equity mutual funds (MFs) are showing signs of moderation after touching their lifetime highs last year. Equity-oriented MFs hav
Read MoreChina bonds in worst week in two years
China's sovereign bonds posted the biggest weekly decline in two years, reeling from the fallout of hawkish Federal Reserve comments, yuan depreciatio
Read MoreExchange of Rs 500 and Rs 1000 notes ends; can be deposited till Dec 30
The exchange of old 1,000 and 500 rupee banknotes will no longer be accepted from Friday, the government said, but the use of Rs 500 notes for certain
Read MorePetrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 per litre
The price of petrol was today hiked by Rs 2.21 a litre, and the price of diesel by Rs 1.79 per litre, excluding local levies.The price revision was to
Read MoreIDS-II window to close on March 31
Reaching out to whistleblowers to curb the black money menace, the government on Friday unveiled an e-mail address to allow people to send information
Read MoreU.K. Factories Set to Hike Prices at Fastest Rate in Five Years
The pound?s plunge this year is boosting U.K. companies? costs and forcing them to respond.The Confederation of British Industry?s December survey sho
Read MoreDraghi warns EU that rising global rates pose crisis risk
Mario Draghi warned European leaders that rising global interest rates paired with explosive politics could expose the euro area?s underlying weakness
Read MoreIraq boosts oil sales to China, U.S., India before OPEC supply cuts bite
Iraq is selling more crude oil to its biggest customer, China's Unipec, people familiar with the matter say, digging a deeper foothold in the global s
Read MoreOver 1,700 FPIs registered with Sebi in April-October FY17
More than 1,700 new foreign portfolio investors (FPIs) have registered with capital markets watchdog Sebi in the first seven months of the current fis
Read MoreTen-fold jump in non-cash retail payments by 2025: Deutsche
Demonetisation is a major change for India that will result in a significant increase in bank deposits and digital transactions with non-cash retail p
Read MoreForex reserves down by $887.2 million to $362.987 billion
India's foreign exchange reserves declined by $887.2 million to $362.987 billion in the week to December 9 due to fall in foreign currency assets, the
Read MoreAxis Bank cuts MCLR to 8.9%, attains parity with ICICI Bank, HDFC Bank, State Bank of India
Axis Bank, the third-largest private sector lender, on Friday reduced its marginal cost of funds-based lending rate (MCLR). The one-year MCLR now stan
Read MoreStartup investing: India final frontier, says Deep Nishar, Softbank MD
At a time when funding in Indian start-ups is drying up, SoftBank Group MD Deep Nishar feels ?India is the final frontier for investing?.Nishar, who w
Read MorePracto acquires advanced analytics firm Enlightiks
Online healthcare platform Practo has acquired Bengaluru-based advanced analytics firm Enlightiks with a focus on healthcare for an undisclosed amount
Read MorePer capita debt rises 9% to Rs 53,796 at March 2016
Per capita debt calculated on the basis of Union Government Debt increased by more than 9% year-on-year to Rs 53,796 at March 2016 mainly on account o
Read MoreNomura revises FY17 CAD forecast to 1.4 pc of GDP
Global financial services major Nomura has revised upwards India's CAD forecast to 1.4 per cent of GDP for the current fiscal from 0.4 per cent earlie
Read MoreReliance Infrastructure files DRHP to raise Rs 3,000 cr through InvIT
Reliance Infrastructure on Friday said it has filed the draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of Ind
Read MoreE-governance transactions in India cross Rs 1,000 crore
The total number of e-governance transactions in the country has crossed Rs 1,000 crore this year, the government web portal eTaal said on Friday.The
Read MoreGlobal cues pull Indian equities lower
Broadly negative global markets coupled with lower crude oil prices pulled the Indian equities markets lower during the mid-afternoon trade session on
Read MoreWorld Bank raises record $75bn to help poorest members
The World Bank has pledged to step up the fight against extreme poverty after announcing that tough negotiations with rich countries have left it with
Read MoreGreece passes pension deal in defiance of bailout creditors
The Greek parliament has defied the international creditors providing Athens' bailout funds and voted through a one-off payment to pensioners.Plans fo
Read MoreDentsu Aegis acquires sesign studio Fractal
Dentsu Aegis Network (DAN), one of the fastest growing agency networks, has acquired the leading experiential design studio Fractal Ink Design Studio
Read MoreSun Pharma completes acquisition of Ocular Technologies Sarl
Sun Pharma today said it has completed the acquisition of the US-based eye care specialist Ocular Technologies Sarl. "All the necessary formalities fo
Read MoreGovernment expects high FDI inflow momentum to continue in 2017
Pinning hopes on a slew of FDI reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue
Read MoreServices export dips 4.79% in October
After registering a growth in September, India's services export dipped by 4.79 per cent to USD 13.11 billion in October, according to RBI data. There
Read MoreIndia-Cyprus DTAA from April, Mauritius to remain preferred route
India today said the revised tax treaty with Cyprus will come into force from April 1 next year under which capital gains tax shall be levied at the s
Read MoreIndia?s exports up 2.2% in November, gold imports rise 23%
India?s merchandise exports grew for the third consecutive month in November with 20 of the 30 export sectors registering a growth in outward shipment
Read MoreRs 6,700 crore comes in as first instalment of tax under IDS
The Modi government's much publicised Income Disclosure Scheme (IDS), a four-month window to declare domestic black money, that closed on September 30
Read MoreGold, silver decline on global cues
The price of gold declined by nearly two per cent on Thursday, on global cues, as investors showed more confidence in the US treasury after the United
Read MorePE investments dip 37 pc to USD 905 mn in Nov: Thornton
Private equity investments in terms of volume declined to a 22-month low in November while deal values fell by 37 per cent to USD 905 million in the a
Read MoreEuro zone businesses end 2016 on a high, outlook brightens: PMI
Businesses in the euro zone ended the year on a high note, as expected, according to a survey that showed they achieved solid growth and raised prices
Read MoreRuchi Soya Q2 net profit nosedives 78% at Rs 27 crore
Ruchi Soya Industries Ltd today posted a steep fall of 78 per cent in its standalone net profit to Rs 26.74 crore for the second quarter ended Septemb
Read MoreChina?s Wanda Group offers to build township in Haryana
Days after a leading Chinese company signed a memorandum of understanding (MoU) with the Haryana government to set up 100 MW solar power projects in t
Read MoreOVL H1 net profit more than doubles to Rs 512 crore
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), today reported an over two-fold jump in net profit at Rs
Read MoreUS consumer prices up 0.2 percent in November
Consumer prices rose in November by the smallest amount in three months as the climb in energy prices moderated a bit and food prices remained flat.Th
Read MoreBank of England leaves UK interest rates on hold at 0.25%
The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk sque
Read MoreLonza to acquire US drug capsule maker Capsugel from KKR for $5.5 bn
Swiss pharmaceutical supplier Lonza Group AG on Thursday announced a deal to buy Capsugel, a U.S. maker of capsules and other drug delivery systems, f
Read MoreMurdoch's Fox agrees $14.6 billion Sky deal to expand empire
Rupert Murdoch's Twenty-First Century Fox (FOXA.O) has struck a $14.6 billion deal to buy European pay-TV firm Sky (SKYB.L) that unites a media empire
Read MoreIndia sees oil touching $60 a barrel before retreating
With crude oil prices more than doubling in one year and posing a threat to emerging economies, world's third biggest oil consumer India sees the the
Read MoreGeneral insurers? gross direct premium up 29% in Nov
General insurance companies continued their positive performance in November and posted 29% growth (year-on-year) in gross direct premium. Private-sec
Read MoreEmerging mkts vulnerable to fund outflow post Fed hike:Moody's
The interest rate hike by the Federal Reserve reflects a strengthening US economy that will benefit emerging market economies but also make them vulne
Read MoreTo bring down losses, Grofers has changed delivery model: CEO Albinder Dhindsa
Online grocer and delivery player Grofers has changed its delivery model in its effort to bring down the losses, according to the firm?s CEO Albinder
Read MoreEpsilon Venture invests R154 cr in Pi Datacenters
Epsilon Venture Partners, the pan-Asian technology focused fund manager along with a major Australian private equity group, has invested R154 crore in
Read MoreIranian JV: Cipla?s Netherlands arm to invest up to euro 16.8 million
Drug major Cipla on Thursday said its subsidiary in the Netherlands will pump in up to euro 16.8 million (nearly Rs 120 crore) to form a joint venture
Read More?CPI INFLATION TO REMAIN BELOW 5% IN 2017?
The Reserve Bank is expected to meet its target ?comfortably? as CPI inflation is likely to remain well below 5 per cent over the first half of 2017,
Read MoreNo demonetisation effect: Merchandise exports up third straight month
Merchandise exports grew for a third straight month in November, though at a slower pace than the previous month, and imports rose for a second succes
Read MoreUS-based Baxter to acquire Claris Injectables for Rs 4,237 crore
In one of the biggest deals involving a domestic pharma major, US-based Baxter International Inc today entered into a definitive agreement to acquire
Read MoreCorporate debt restructuring: Loan recast failure puts Rs 1.15 lakh cr at risk
With more loan recasts under the corporate debt restructuring (CDR) cell failing, the total amount of money at risk is now R1.15 lakh crore. In Octobe
Read MoreIBM, Nasscom set up tech hub for start-ups
Global IT major IBM and Nasscom have teamed up to build a digital platform for start-ups to network with the ecosystem. To be hosted on IBM Cloud, the
Read MoreNotification No. 114/2016 [F.No. 500/02/2015-FT
Publish Date : Wednesday, December 14, 2016
Notification No. 115/2016 [F.No.142/33/2016-TPL
Publish Date : Friday, December 16, 2016
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana Rules, 2016
Publish Date : Friday, December 16, 2016
Notification No. 117/2016 [F.No.142/33/2016-TPL
Publish Date : Friday, December 16, 2016
Pradhan Mantri Garib Kalyan Deposit Scheme, 2016
Publish Date : Friday, December 16, 2016
Notification No. 118/2016 [F.No.225/305
Publish Date : Friday, December 16, 2016
CPI inflation to remain below 5% in first half of 2017: HSBC
The Reserve Bank is expected to meet its target 'comfortably' as CPI inflation is likely to remain well below 5 per cent over the first half of 2017,
Read MoreDemonetisation: Withdrawal limit to ease after 80% new notes re-channelised, announces government
The government will start easing restrictions on cash withdrawals once 80 per cent of the new currency introduced following the demonetisation is re-c
Read MoreGrowth rate to see significant fall on demonetisation: CII
India's economic growth will see a "significant fall" in the second half of the current fiscal on account of cash crunch following demonetisation, ind
Read MoreNotification No.RBI/2016-17/183
Compliance to provisions of Master Direction on Know Your Customer (KYC)
Read MoreNotification No.RBI/2016-17/182
Distribution of Relief/Savings Bonds
Read MoreNotification No.RBI/2016-17/181
Preservation of CCTV recordings
Read MoreNotification No.RBI/2016-17/180
Distribution of Mahatma Gandhi (New) Series Banknotes ? Records
Read MoreNotification No.RBI/2016-17/179
Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting (Corrected)
Read MoreEmerald Media acquires minority stake in media tech firm Amagi Labs
Leading global investment firm KKR-backed Emerald Media, which focuses on investment opportunities in the media and entertainment sector across Asia,
Read MoreVodafone's mPesa eyes lion share in $800 billion offline merchant payment market
Vodafone's plans for mPesa have got a big boost with the RBI's decision to allow merchants use digital wallets to accept payments up to Rs 50,000 a mo
Read MorePernod Ricard's Indian arm posts 19% growth in FY16 gross sales
The Indian unit of Pernod Ricard, the world?s second-largest distiller, recorded 19% growth in gross sales for the year to March 2016, boosted by invi
Read MoreLife Insurers' new biz premium doubles at Rs 16,061 crore in November
Life insurers' new premium collection more than doubled at Rs 16,061.40 crore in November, marking the fastest pace of growth in a month this fiscal s
Read MoreEPFO to receive your PF contributions only if UAN is linked to current employer
The Employees' Provident Fund Organisation (EPFO) is devising ways to make your fund transfers and withdrawals as seamless as it can be. It is bringin
Read MoreOil prices stabilise after Fed hike as tighter market looms
Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by Opec and Russia, after sharp declines earlier fo
Read MoreWipro to split India, West Asia business
Wipro chief executive Abidali Neemuchwala has split the information technology (IT) major's India and Middle East (West Asia) business in two. And, ca
Read MoreWelspun forays into flooring solutions with Rs 600-cr carpet plant
Welspun India Ltd, a leading home textiles maker, on Wednesday, announced its entry into flooring solutions with an investment of ?600 crore to set up
Read MoreFed raises rates, sees faster pace of increases in 2017
The US Federal Reserve raised interest rates by a quarter point on Wednesday and signalled a faster pace of increases in 2017 as the Trump administrat
Read MoreChina?s economy defies prophets of doom
China has ended the year with its old growth engines roaring and new drivers like consumption in robust health, defying the prophets of doom yet again
Read MoreU.S. retail sales, industrial output data point to slowing growth
U.S. retail sales barely rose in November and industrial production recorded its biggest drop in eight months, suggesting some loss of momentum in eco
Read MoreEuro zone Oct industry output dips against expected slight rise
Euro zone industrial output dipped in October for the second consecutive month against expectations of a slight rise as production of intermediate and
Read MoreSanofi in talks to buy biotech Actelion as J&J bows out
Sanofi, the French drugmaker, is in talks to buy Actelion, Europe?s largest biotech company, in a deal potentially worth $30bn, according to two peopl
Read MorePrivate Investment Group Buying Neustar in $1.83B Deal
A private investment group led by Golden Gate Capital is buying Neustar in a deal valued at approximately $1.83 billion. Neustar Inc. provides communi
Read MoreBanking system to be capital constrained, needs $18 bn in 3 years
The broader banking system in India will continue to be capital constrained and it will require an additional capital of up to Rs 1.2 lakh crore ($18
Read MoreFund raising via preferential route down 34% to Rs 24,000 crore
Indian firms raised over Rs 24,000 crore through issuance of shares to promoters and shareholders on preferential basis in the first seven months of t
Read MoreTata Tele ?unanimously? removes Cyrus Mistry as chairman, director
Tata Teleservices on Wednesday said Cyrus Mistry has been removed as director and Chairman of the company after its shareholders ?unanimously? passed
Read MoreIndia Inc's November M&A deal tally dips 16 per cent to $2 billion: Thornton
Corporate India's M&A activity witnessed a 16 per cent decline in November at $2.06 billion, largely owing to absence of big ticket deals compared to
Read MoreAirAsia India loss in September quarter shrinks 5% to Rs 62 cr
Air Asia India on Wednesday reported a 4.84% y-o-y decrease in its net loss to R62 crore for the quarter ended September 30, 2016 on the back of subst
Read MoreUtility, medical bills: Rs 500 notes invalid from December 15 midnight
People can use old Rs 500 notes for paying utility bills or buying medicines till tomorrow mid-night as the government has decided not to extend exemp
Read More$22 mn FDI from China in software, electronics segments
Foreign direct investment (FDI) of USD 22.47 million flowed in from China in the areas of computer software, electronics and telecommunications betwee
Read MoreSubdued food items post cash-crunch soften inflation to 3.15%
Lower prices of vegetables and some kitchen staples, mainly on account of demand slump post demonetisation, pulled down wholesale inflation to 3.15 pe
Read MoreCabinet clears Major Port Authorities Act, 2016, may spur private investments
In a move that could spur private investments in port projects, the Cabinet on Wednesday approved the Major Port Authorities Act, 2016, which seeks to
Read MoreRupee up 11 paise against dollar ahead of Fed meet
The rupee today staged a smart comeback after two straight days of losses and ended 11 paise higher at 67.43 against the US dollar on positive sentime
Read MoreCopper steady ahead of Fed decision, helped by China growth signs
Copper steadied on Wednesday as investors remained upbeat on China's growth prospects but were anxious ahead of an expected U.S. rate rise and Federal
Read MoreBlackRock Says Bond Yields to Rise as Global Growth Turns Corner
BlackRock Inc., the world?s largest money manager, expects global bond yields to rise in 2017 as improving economic growth worldwide spurs reflation.I
Read MoreGold ticks higher, awaiting Fed rate decision and 2017 view
Gold hovered at slightly firmer levels on Wednesday as investors kept to the sidelines, confident that the U.S. central bank would raise interest rate
Read MoreBonds, call rates firm up on good demand from banks
Government bonds (G-Secs) firmed up following good demand from corporates and banks and the overnight call money rates also finished higher due to ris
Read MoreGodrej Nature?s Basket to invest over Rs. 100 cr to expand in West, South India
Godrej Nature?s Basket (GNB) plans to invest over Rs. 100 crore for transforming and doubling its stores in West and South India. The 12-year-old reta
Read MoreMonsanto shareholders approve Bayer's $57 billion takeover
Monsanto Co shareholders on Tuesday overwhelmingly approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest a
Read MoreChina to build $768 million worth aviation project
An aviation project worth about $768 million will be built in northwest China's Shaanxi province, official media here reported. The project invested b
Read MoreDemonetisation: No regulatory obstacles for NRIs depositing banned notes, says Bank of England
In a relief to British Indians and NRIs, the Bank of England has said that it does not foresee any regulatory obstacles to people wanting to deposit o
Read MoreIndian firms? November M&A deal value falls 16% to $2 billion: Grant Thornton
Corporate India?s merger and acquisition (M&A) activity witnessed a 16% decline in November at $2.06 billion, largely owing to absence of big ticket d
Read MoreWholesale price inflation dips to 3.15% in November over demonetisation woes
India?s wholesale price inflation (WPI) decelerated for the third consecutive month to 3.15% in November from 3.39% a month ago as a squeeze in cash a
Read MoreJapan manufacturers' mood brightens to one-year high - BOJ tankan
A closely watched central bank survey showed big Japanese manufacturers' sentiment improved for the first time in six quarters to hit a one-year high,
Read MoreFed set to hike rates, policy outlook now hinges on Trump presidency
The Federal Reserve will conclude its two-day policy meeting on Wednesday afternoon with an interest rate increase all but assured and will issue new
Read MoreRs 500 notes exemptions to end from Dec 15; here?s what you need to know about your only option
The exemptions that were provided by the government for the use of old Rs 500 currency notes will end on December 15 mid-night, the Finance Ministry i
Read MoreAltering your Income Tax returns post demonetisation may land you in jail
In a stern warning to assessees trying to misuse the provision of revising I-T returns, CBDT today said those ?drastically? altering the forms to revi
Read MoreUK inflation rises to highest in over two years in November
British inflation hit its highest rate in more than two years last month, pushed up by more expensive clothing and the impact of June's Brexit vote on
Read MoreUS import prices post largest drop in 9 months in November
US officials announced a proposal Tuesday to help speed up the adoption of autonomous vehicles by requiring new cars to communicate with each other an
Read MoreAsahi to Buy SABMiller?s Eastern European Beers in $7.8 Billion Deal
Asahi Group Holdings Ltd. agreed to buy SABMiller Plc?s central and eastern European assets from Anheuser-Busch InBev NV for 7.3 billion euros ($7.8 b
Read MoreChina Retail, Factory Pick Up Show Continued Momentum in Economy
China?s economic stabilization held in November, offering policy makers more room to switch focus away from stimulus and toward curbing financial risk
Read MoreFund raising via QIPs hit by volatile markets, economic slowdown
Volatile markets and a general slowdown in the economy have dampened fund raising through the qualified institutional placement (QIP) route in 2016. T
Read MoreMarket brushes aside Fed rate hike signal, bounces 183 points
Stocks on Tuesday shrugged off a widely expected US interest rate hike as the benchmark Sensex bounced 183 points to close at 26,698, with auto, IT, o
Read MoreNTPC enters wind power space, partners with Inox Wind
Marking its foray into wind power generation, state-owned NTPC has partnered with Inox Wind for a 50-MW wind project to be deployed in Gujarat. "Inox
Read MoreEssar Shipping Q2 loss widens to Rs 62 crore
Essar Shipping has reported widening of its standalone loss to Rs 61.95 crore for the quarter ended September 30, 2016. The company had posted standal
Read MoreNew Hyundai Verna, SUV to take on Maruti Suzuki
To consolidate its position and expand market share, the country?s second largest car manufacturer, Hyundai Motor India will launch a refreshed versio
Read MorePaytm processes Rs. 220 cr payment from retailers
Digital payments platform Paytm today said it has processed sales of over Rs. 220 crore at retail partner outlets during its four-day campaign.The Ali
Read MoreCoal India Q2 net falls 77% to Rs 600 cr
State run coal miner Coal India?s net profit for the second quarter fell 77% year -on-year to Rs 600.17 crore while net sales dropped 7.30% y-o-y to R
Read MoreCurrent account deficit narrows to 0.6% of GDP in September quarter
India's current account deficit, which is the excess of imports of goods and services over exports, narrowed to $3.4 billion or 0.6% of the gross dome
Read MoreOil pact could quickly sop up market glut: IEA
A pact by leading producers to cut output could quickly begin sopping up the glut on the oil market that has weighed on prices, the IEA said today as
Read MoreADB trims India's GDP growth forecast for 2016 to 7% on demonetisation
The Asian Development Bank (ADB) has trimmed its growth estimates for India to 7 percent in 2016 from its earlier forecast of 7.4 percent on the back
Read MoreIron ore stocks up on less offtake, export duty
Iron ore stocks are growing at mine heads, with lower offtake while output has been rising.Data from the Indian Bureau of Mines shows the total stock
Read MoreMukesh Ambani, Bill Gates, Jack MA to donate for $1 bn clean tech fund
The Breakthrough Energy Coalition (BEC), which has Mukesh Ambani and Alibaba?s Jack Ma as members, will invest more than $1 billion in Breakthrough En
Read MoreSlowdown in West Asia hits Indian retailers' business
Indian retail firms have seen business slow in West Asia among the main export markets as the region struggles with slowing economy hit by low oil pri
Read MoreRetail inflation at record low in Nov
The Consumer Price Index (CPI)-based inflation fell to 3.63 per cent in November ? a record low in the new series ? from 4.2 per cent in October. The
Read MoreMerchant bankers, 10 others to get permanent registration:Sebi
In order to facilitate ease of doing business, Sebi has notified rules to provide permanent registration to merchant bankers, investment advisers, res
Read MoreLending by MFIs jumps 84% in Q2
Loans given by micro-finance institutions (MFIs) saw robust year-on-year growth of 84 per cent in the second quarter of this fiscal (Q2 FY17).The aggr
Read MoreRamboll India to expand services in buildings market
Denmark-based engineering, building design and consultancy company Ramboll has announced the appointment of Sundar Chandramouli as the Director to lea
Read MoreChinese smartphone maker Nubia to invest $100 M in india
Chinese smartphone maker (Rs 680 crore) Nubia will invest $100 million over the next five years in expanding its operations in India, which it counts
Read MoreDemonetisation: Gold loses Rs 100 on cash woes, US Fed rate hike talk
Gold prices gave up Rs 100 to hit Rs 28,450 per 10 grams today, hit by a subdued trend overseas and falling domestic demand due to the cash crunch spa
Read MoreDecember quarter growth may slip to 5.5-6% on demonetisation: BofA-ML
India?s economic growth may slip to 5.5-6 per cent in the current quarter as demonetisation is expected to hurt production during November-December, s
Read MoreIndia?s retail inflation cools to two-year low in November
India?s annual consumer price inflation eased to 3.63 percent in November, its lowest level in two years, helped by a sharp cooling in food prices, go
Read MoreYes Bank, Grofers tie up to deliver cash at doorstep
Extending facility to deliver cash at doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when t
Read MoreNorway wealth funds hoping to expand footprints in India
The 90-odd Norwegian companies including wealth funds operating in India find the business climate in India favourable with many of them looking to in
Read MoreBank credit plunges by Rs 61,000 crore in post note ban fortnight
The demand destruction unleashed by the November 8 demonetisation drive saw the bank credit shrinking by a whopping Rs 61,000 crore, or 0.8 per cent,
Read MoreBanks get Rs 12.44 lakh crore in old notes till Dec 10: RBI
RBI today said banks have garnered Rs 12.44 trillion (Rs 12.44 lakh crore) in banned notes till December 10, while they have issued Rs 4.61 trillion t
Read MoreUK economy 'to slow sharply amid uncertainty and higher inflation'
Higher inflation, cautious consumers and uncertainty over the UK?s future position in Europe will cause the British economy to slow sharply next year,
Read MoreDemonetisation hurts India Inc: Earnings estimates of top companies cut by a half
Earnings estimates of about half of the top 300 companies have been downgraded by brokerage analysts since November 8, the day when the government dec
Read MoreFrom today, avail 0.75% discount for cashless refuelling
Consumers will get the promised discount on cashless fuel purchases at petrol pumps run by state oil companies from Tuesday. ?The discount will be cre
Read MoreMondelez, maker of Cadbury chocolates & Oreo biscuits, sales slowest in decade
India business of Mondelez, maker of Cadbury chocolates and Oreo biscuits, grew the slowest in more than a decade last fiscal when demand for most dis
Read MoreCash delivery: RBI cuts process time
The Reserve Bank of India has decided to ease processes related to transfer of currency notes to banks by the start of the day itself, following criti
Read MoreLeEco expects to close 2016 with turnover of Rs. 1,500 crore
Chinese Internet and technology firm LeEco has successfully completed a year in India and is expected to close the year with a turnover of Rs. 1,500 c
Read MoreIndia, Indonesia to boost maritime relations in China?s ?backyard?
To counter China?s increasing claims over the disputed South China Seas (SCS), India and Indonesia have vowed to bolster maritime ties.Both nations ha
Read MoreEPFO likely to hike monthly wage ceiling to Rs 25k on Dec 19
The retirement fund body, Employees? Provident Fund Organisation (EPFO), is likely to approve a proposal to hike wage ceiling for coverage under its s
Read MoreMaharashtra to raise Rs 26,700 crore for Mumbai-Nagpur expressway
Maharashtra State Road Development Corporation (MSRDC) will raise Rs 26,700 crore, half of it from the domestic market, for the 710 km Mumbai-Nagpur s
Read MoreFPIs shunning Indian debt for other markets
Foreign portfolio investors (FPIs) have stepped up their selling from the domestic bond market, following Donald Trump?s surprise victory in the US Pr
Read MoreFox-Sky $14 Billion Deal Talks Said to Hinge on Structure
21st Century Fox Inc. and Sky Plc executives are working with their advisers to nail down final terms of an 11.2 billion-pound ($14.1 billion) deal th
Read MoreThe Federal Reserve prepares to raise interest rates again
AMERICA?S central bank tries to be predictable. When in December 2015 it raised interest rates for the first time since 2006, nobody was much surprise
Read MorePhilips to Sell Lumileds to Apollo at Discounted $2 Billion
Royal Philips NV agreed to sell a majority stake in its lighting components unit to Apollo Global Management LLC in a cut-price deal valued at $2 bill
Read MoreAmundi Agrees to Buy UniCredit?s Pioneer for $3.7 Billion
Amundi SA agreed to buy Pioneer Investments from Italy?s UniCredit SpA, accelerating the French investment company?s growth in the U.S. and European m
Read MoreGLOBAL MARKETS-Oil surges to 1 1/2-year high, Fed rate increase looms
Oil prices surged to their highest since mid-2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world's top crude produce
Read MoreMFs see Rs 36,000-cr inflow in Nov; Rs 3 lakh-cr in Apr-Nov
Investors pumped in over Rs 36,000 crore into various mutual fund schemes in November, with equity and debt schemes cornering the maximum inflow. With
Read MoreMFI witnessed 84% growth in GLP in Q2, says MFIN
Microfinance industry witnessed 84 per cent year-on-year growth in aggregate gross loan portfolio (GLP) of microfinance institutions in second quarter
Read MoreIPOs in India: 3/4th of listed firms in CY16 trading above issue price; Infibeam Corp leads list
Investors who betted on initial public offerings (IPOs) this year have not been disappointed. Close to three-fourths of the companies ? 17 of 25 ? lis
Read MoreIntex set to enter Samsung dominated enterprise business, to rake up volumes
Intex, one of the largest Indian smartphone brands, has put in place its plan to foray into the R1,000-crore enterprise segment, which is dominated by
Read MorePE, VC investments slump to 908 mn in November: EY
Private equity and venture capital investments in Indian companies nearly halved to USD 908 million in November, mainly due to sharp fall in value of
Read MoreIndia's coal demand to see biggest growth globally
India's coal demand will see the biggest growth over next five years even as it slows down globally on lower consumption in China and the US while ren
Read MoreAs property prices, mortgage rates fall, home affordability near 10-yr high
Weak property prices and low mortgage rates are combining to push up affordability levels of consumers to a near-decade high. The current year is like
Read MoreTata Motors to hike passenger vehicle prices by up to Rs 25,000
Home-grown auto major Tata Motors today said it will hike prices of its passenger vehicles by up to Rs 25,000 from next month in order to offset incre
Read MoreICAR seeks doubling of R&D budget in FY18 from present Rs 800 crore
Indian Council of Agricultural Research (ICAR) has asked for doubling of farm research budget in the next fiscal from the current Rs 800 crore as it w
Read MoreAdvantage OPEC in global crude game, but no checkmate: Russell
The global crude oil market is starting to resemble a gigantic game of chess, with a bold opening gambit by OPEC and its allies giving them an advanta
Read MoreChina should target 6.5 percent economic growth in 2017: think tank
China should set an economic growth target of around 6.5 percent for 2017, although it is very likely that it will be able to exceed that level, the S
Read MoreTurkey Economy Shrinks Unexpectedly in Coup Attempt Fallout
Turkey?s economy unexpectedly shrank in the third quarter, led by a slump in consumption, in the most significant sign yet that July?s failed coup and
Read MoreSBI Cards to launch Rs 25,000 limit cards soon
To tap opportunities arising out of limited cash supply, SBI Cards will soon launch a credit card with a cap of Rs 25,000 for those at the lower strat
Read MoreUK economy set for sluggish growth, warns business group
The UK economy will slow markedly next year as uncertainty about the country?s future position in Europe and higher inflation hit consumers and busine
Read MoreDigital payments soar by up to 300 per cent after demonetisation
The government's demonetisation move, and the subsequent cash crunch, has led to a surge in digital payments. According to the government data, the nu
Read MoreIndia's MRO sector growing fast, revenues pegged at $975 million
The domestic industry for maintenance, repair and overhaul of aircraft is seeing "very fast growth" and successful implementation of national aviation
Read MoreCoal demand to burn slower over next 5 years: IEA
World demand for coal will slow over the next five years as renewables and energy efficiency gain traction, the International Energy Agency predicted
Read MoreGold prices hit a fresh 10-month low as dollar rises on Fed hike bets
Gold prices edged lower in Asian trade on Monday, reaching a new 10-month low as the dollar strengthened on expectations of a U.S. rate hike this week
Read MoreEarnings, spending take a hit across India post demonetisation
Post demonetisation, earnings and spending take a hit across India, with Bihar, Jharkhand and Orissa witnessing maximum decline in earnings, says a su
Read MoreIndian manufacturing sector may improve in Oct-Dec: Ficci
India's manufacturing sector may show growth improvement in the October-December quarter with a slightly better outlook for production, driven by bett
Read MoreRoad transport and highways ministry seeks 50 per cent more funds for next year
The road transport and highways ministry is seeking a budgetary allocation of Rs 86,000 crore for the next fiscal year to fund its highway expansion p
Read MoreFoodpanda acquired by online food takeaway service Delivery Hero
Berlin-based online food takeaway service Delivery Hero Holding GmbH has acquired online marketplace for food delivery foodpanda for an undisclosed am
Read MoreVolvo Group keen to boost capacity utilisation
Swedish auto giant Volvo Group is hopeful of increasing manufacturing capacity utilisation levels across its various businesses in India to about 80-8
Read MoreCBDT to organise drive to sensitise taxpayer of e-initiatives
The Income Tax Department is mulling a major educational drive to update professionals, taxpayers and representatives of trade bodies about the initia
Read MoreStartups Club to expand in India, abroad
Bengaluru-based Startups Club, a community for early stage start-ups with 15,000 members, will expand its operations overseas and in tier I and tier I
Read MoreONGC awaits nod for $5-b KG-D5 gas development plan
State-owned Oil and Natural Gas Corp (ONGC) is awaiting a nod from upstream regulator DGH to commence investing $5.07 billion in bringing to productio
Read MoreIran strikes $16.6-b deal with Boeing; negotiating with Airbus for 118 jets
Iran is close to finalising a deal to buy dozens of passenger jets from Europe?s Airbus, having signed a $16.6 billion deal with Boeing earlier on Sun
Read MoreMobile banking usage already well over last FY?s mark: RBI
Mobile banking transactions have grown in leaps and bounds in the first eight months of the current financial year. Transactions in the reporting peri
Read MoreMore pain for metals and mining
From rusty to lustrous and losing sheen again, the metals and mining sector was on a roller-coaster ride this year. Jayanta Roy, Senior Vice President
Read MoreFlipkart to Take Leaf Out of Jet.com's Book
Flipkart, the country's largest ecommerce company, looks to introduce a discount pricing model based on popular American ecommerce startup Jet.com's S
Read MoreDalal Street no more at FIIs? mercy: DIIs countered every outflow strongly after demonetisation
In the four trading days after the government's shock-and-awe announcement of currency swap on November 8, foreign portfolio investors dumped shares w
Read MoreEquity NFOs reduced to a third in 2016
After two years of a high number of new fund offers (NFOs) in the equity segment, mutual funds have seen a substantial decline in 2016.This appears th
Read MoreSBI to revalue SBI Life for later stake sale to JV partner
After agreeing to a deal to sell 3.9 per cent stake in SBI Life Insurance, its joint venture with BNP Cardiff, a French financial group, State Bank of
Read MoreBoB in talks to buy Central Bank's housing finance arm
Looking to strengthen its position in the home loan segment, Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the
Read MoreCar exports gain speed, on track in FY17
Prospects of a double-digit growth in the domestic passenger vehicles market in the current financial year look uncertain after demonetisation but a s
Read MoreIndirect tax assessments not to be reopened if turnover rises
Revenue Department on Sunday said officials will not reopen the past assessments of excise and service tax of assessees even if their turnover in the
Read MoreMarket "paradigm shift" may be under way, but more volatility likely - BIS
Financial markets have been remarkably resilient to rising bond yields and sudden shift in outlook following last month's shock U.S. election result,
Read MoreQatargas to merge with RasGas
Qatar?s two largest liquified natural gas (LNG) producers will merge into one company over the next 12 months to cut costs, officials have announced.Q
Read MoreIndia gets powerful boost, electricity PLF recovers from August lows
Even before demonetisation struck it, the economy was barely starting to fire on all cylinders but at least one sector ? electricity ? was indeed look
Read MoreGST Council meet cut short, no roll-out in April, 2017
The country?s journey that started more than seven years ago towards an indirect tax system that militates against cascading of taxes, seemed to prolo
Read MoreCircular No. 40/2016
Government of India Ministry of Finance Department of Revenue (CBDT) Circular No. 40/2016 North Block, New Delhi, the 9 th of December, 2016 Subject:
Read MoreNotification 12/2016
Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and / or Non Collection of Tax at S
Read MoreNotification No. 113/2016
Notification No. 113/2016/F. No. 149/144/2015 ?TPL (Part-II) / S.O. 3681(E)
Read MoreNotification No. 112 /2016
of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054 ALOK KUM
Read MoreNotification No.RBI/2016-17/178
Security and Risk Mitigation measure - Technical Audit of Prepaid Payment Instrument issuers
Read MoreNotification No.RBI/2016-17/177
Amendment to Master Direction on Know Your Customer
Read MoreNotification No.RBI/2016-17/176
Amendment to Master Direction (MD) on KYC
Read MoreNotification No.RBI/2016-17/175
Exim Bank's GoI supported Line of Credit of USD 35.00 million to the Government of the Republic of Guinea
Read MoreEconomy Not as Strong as Consensus Believes
Markets this week seemed particularly confident that better economic news was just around the corner. Despite a lack of many definitive proposals, mar
Read MoreNote ban may lead to huge drop in economy: Kaushik Basu
Even if India manages to sail through the current financial year with a minor dent in its economic growth rate, financial year 2017-18 could witness b
Read MoreNMDC's Q2 net declines 6 per cent to Rs 771 crore
Iron ore miner NMDC today reported 6 per cent drop in standalone net profit to Rs 770.76 crore for the September quarter of the current fiscal. The s
Read MoreDLF?s Q2 net profit Rs 206.09 crore
Realty developer DLF has reported marginal on-year decline in consolidated net profit of Rs 206.09 crore for the quarter ended September. Income from
Read MoreTata Trusts, UP govt join hands to strengthen PDS system
Tata Trusts have tied up with Uttar Pradesh government to leverage digital platforms to strengthen the public distribution system (PDS) in the state.
Read MoreApple invests in China wind farm Goldwind
Apple has struck a partnership with the world?s largest wind turbine maker, the American company said, marking the tech giant?s largest clean energy p
Read MoreUS consumer sentiment improves more than expected in December
Consumer sentiment in the US improved more than expected in December, according to preliminary figures released on Friday, as Americans reckoned Presi
Read MoreUK trade deficit narrows in October
The UK trade deficit in goods and services narrowed to ?2bn in October as exports rose, official figures show. Exports increased by ?2bn, lifted by ma
Read MoreChina economy reflating as producer prices rise at fastest pace in 5 years
China's producer prices rose at the fastest pace in more than five years in November as prices of coal, steel and other building materials soared, boo
Read MoreGold slumps to 10-month low, but silver adds to gains
Gold prices fell Rs. 130 to hit a 10-month low of Rs. 28,580 per 10 grams on Friday amid a weakening global trend and considerable fall in demand from
Read MoreSaudis order oil cuts to U.S., Europe before non-OPEC talks
Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers w
Read MoreSensex soars to 1-month high, best weekly show since Sept
The market rally went on for the second day today, with the Sensex spurting 53 points to bring up a fresh 1-month closing high of 26,747, in keeping w
Read MoreRupee Carry Appeal Boosted by India Rate Surprise Before Fed
Here?s a silver lining for India?s bond bulls stung by losses after the central bank?s surprise decision not to cut benchmark interest rates -- better
Read MoreRBI to hold ?financial literacy run?
Following the demonetization move, the Reserve Bank of India has launched a financial inclusion drive across the state, especially in the rural areas
Read MoreGovernment decides to print plastic currency note
Government today informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started. "It has b
Read MoreRupee takes a pause after 3-day rally; down 6 paise
Breaking a three-day spectacular upmove, the rupee retreated modestly from a near one-month high to end at 67.42 against the US dollar as sentiment tu
Read MoreAxis Bank partially reverses rate cut on bulk deposits
Private sector lender Axis Bank on Friday partially reversed the 100-basis-point (bps) cut in the interest rates on fixed deposits of more than R5 cro
Read MoreForex reserves decline by $1.4 billion to $363.9 billion
Forex reserves declined by $1.431 billion to $363.9 billion in the week to December 2, RBI data released on Friday showed. The country?s foreign excha
Read MoreStrides Shasun to acquire Perrigo API India for ?100 cr
Drug firm Strides Shasun will acquire Perrigo API India for Rs 100 crore as it looks to build an integrated portfolio of niche products with small vol
Read MoreNLC India 2qtr net dip 16.2% to Rs 440.12 Cr
Public sector NLC India (Neyveli Lignite Corporation) as recorded a 16.2 per cent dip in its net profits for the quarter ending September 30, 2016 to
Read MoreM&M to curb production in December to adjust inventory
Home-grown auto major Mahindra & Mahindra today said it will stop production on certain days this month besides its planned annual maintenance shutdow
Read MoreICICI Bank prices 5-year yen bonds at 0.67%
ICICI Bank, acting through its Dubai International Financial Centre (DIFC) branch, said it has priced an issuance of five-year fixed rate notes for an
Read MoreUPL's subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr
Agro-chemical major UPL Ltd today said its Mauritius-subsidiary has sold 19.22 per cent stake in Villa Crop Protection for Rs 22 crore. The shares wer
Read MorePaytm founder raises Rs 325 crore by selling 1% stake
Digital payments and commerce platform Paytm's founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about
Read MoreUber India drives to massive success, profit soars 6x to Rs 18.7 cr
Uber India Systems, the India business of US-based online taxi aggregrator firm, posted a six-fold jump in its net profit at Rs 18.7 crore in FY16, ac
Read MoreChina getting MES status a big risk to commodity-driven mkts
As per the rules governing China's accession to the World Trade Organisation (WTO), China would get the market economy status on completion of 15 year
Read MoreFactory output shrinks by 1.9% in October
Industrial production dipped into negative territory in October with a contraction of 1.9%, which, analysts said, was owing to the base effect and a l
Read MoreMid, smallcap tech stocks jump in a dull market
Mid-and small-cap technology stocks rose up to 20% in an otherwise dull trading session on Friday with higher-thanaverage volumes as traders lapped th
Read MoreBlackstone exits MCX, sells 4.8% to Swiss Fin Corp for Rs 300 crore
PE major Blackstone on Friday exited its investment in MCX by selling nearly 4.8% stake to Swiss Finance Corporation for Rs 300 crore. Blackstone, thr
Read MoreI-T department seizes Rs 106.52 cr and 127 kg gold from Chennai
Income Tax department on Friday said that it has seized Rs 106.52 crore cash and 127 kg Gold in the case of Sand mining Contractors at Chennai.Last tw
Read MoreFPIs welcome RBI's move to hold repo rate
There is one bunch of investors who may be happy that the Reserve Bank of India (RBI) did not reduce interest rates: the foreign portfolio investors (
Read MoreMax Ventures and Industries acquires 2% stake in Nykaa
Analjit Singh-promoted Max Ventures and Industries has acquired 2 per cent stake in online beauty retailer Nykaa.com for undisclosed sum. "Max I Ltd (
Read MoreIndia growth on recovery path from April next: Morgan Stanley
The impact of demonetisation will only be short-term and India's growth momentum is likely to get back on recovery path from April next year with supp
Read MoreSBI sells 4 pct stake in SBI Life Insurance to KKR, Temasek for Rs 1,794 cr
The country?s largest lender State Bank of India (SBI) on Friday said it will divest 3.9% of its stake in its subsidiary firm SBI Life Insurance for R
Read MoreDemonetisation impact? Wheat acreage 0.5 million hectares less than normal
Wheat the most sown food grains during the rabi season was planted in around 22.56 million hectares of land till Friday. Although it was nearly 2.33 m
Read MoreFlipkart re-enters the private label business with Smart Buy
India's largest e-commerce marketplace Flipkart has launched Smart Buy, the first of two new private labels, as it looks at in-house brands to boost e
Read MoreNotification No. 113/2016/F. No. 149/144/2015 TPL
Publish Date : Thursday, December 8, 2016
Banks to allow foreign diplomats to withdraw cash on priority basis: MEA
Nearly two days after Russian envoy Alexander Kadakin wrote to the Ministry of External Affairs (MEA) complaining about cash crunch following demoneti
Read MoreMMTC Q2 net profit plunges to Rs 10.45 crore
State-run trading firm MMTC's net profit plunged to Rs 10.45 crore for the second quarter ended September as against Rs 44.6 crore in the year-ago per
Read MoreJLR sales up 2 per cent at 47,588 units in November
Tata Motors-owned Jaguar Land Rover(JLR) today reported a 2 per cent increase in November retail sales at 47,588 units.The month's performance has bee
Read MoreI-T raid at eight locations in Chennai; Rs 90 cr, 100 kgs gold seized
The Income Tax Department on Thursday raided premises belonging to three businessmen in Chennai 's T Nagar area and seized Rs 90 crore and 100 kgs gol
Read MoreDemonetisation: CMs, bankers meet RBI guv to discuss road map to go cashless
A committee of chief ministers (CM), bankers and technocrats, headed by Andhra Pradesh CM N Chandrababu Naidu, met Reserve Bank of India (RBI) Governo
Read MoreFlipkart set to open private label umbrella with ?Flipkart Smartbuy'
Online marketplace Flipkart is set to launch its first umbrella private label ?Flipkart Smartbuy? which will retail electronic accessories and home pl
Read MoreWhy RBI's optimism may be misplaced
On Wednesday, the Reserve Bank of India (RBI) slashed its growth forecast for FY17 gross value added (GVA) to 7.1 per cent from 7.6 per cent earlier.
Read MoreJSW Energy in talks to buy Monnet Power's Odisha plant
JSW Energy, part of Sajjan Jindal?s JSW Group, is believed to have initiated talks for a possible acquisition of Monnet Power?s 1,050 Mw (2x525) coal-
Read MoreInside IndiaStack, Paytm finds a safe spot for payments
Paytm will integrate its digital payments services with IndiaStack, an open-stack platform that offers technology infrastructure for the unified paym
Read MoreDemonetisation impact: Luxury car brands lure buyers with up to 20% discount
Luxury cars have turned slightly affordable, thanks to demonetisation. Top luxury car brands such as Audi and BMW are offering steep discounts of up t
Read MoreUBS may take back 60% of work in-house soon
Swiss banking behemoth UBS is looking at doing 60% of its technology and operations work in-house and is building a second centre in India, a move tha
Read MoreCeding control of GST admin to states will disempower centre: CBEC
Giving in to the states? demand for sole control of tax administration of taxpayers below Rs 1.5 crore threshold under the goods and services tax (GST
Read MoreCash crash: Consumption shrinks big time on liquidity squeeze
Sales of consumer durables and appliances more than halved year on year in November even as the government?s demonetisation drive has severely impacte
Read MoreYear-end Travel Plans Go for a Toss
Goa, Udaipur and Kerala, usually packed with tourists in the New Year, may wear a deserted look due to the withdrawal of old `500 and `1,000 notes.Sho
Read MoreJuniper to invest $1 billion in Indian ops to benefit from Digital India programme
US-based Juniper Networks is planning to invest $1 billion (about Rs 6,700 crore) in the Indian operations to tap into the opportunities which will ar
Read MoreBengal Picture: A Windfall First, I-T Sleuths Next
Even a month after PM Narendra Modi sought to demonetise Rs 500 and Rs 1,000 notes, the country seems to be in turmoil with parties crying hoarse abou
Read MoreThese 34 companies to make your GST play less taxing
The Goods and Services Tax Network (GSTN) which is building the technological infrastructure for the implementation of GST, has finalised 34 companies
Read MoreRupee nears 1-month high, soars 27 paise to 67.36
Stretching its resurgent trend for the third straight day, the rupee today ended at a near one-month high of 67.36, rising 27 paise against the US cur
Read MoreTariff war: Airtel, Idea take a leaf out of Reliance Jio?s page, unveil prepaid plans
The fight for India?s nearly one billion prepaid mobile subscribers has begun with Bharti Airtel, India?s largest phone company, as well as Idea Cellu
Read MoreFIIs go shopping again, lift market sentiment
Has the foreign portfolio selling that rattled domestic stocks and the rupee in the last one month run its course? In December so far, overseas invest
Read MoreStartup Inc split over Sachin Bansal, Bhavish Aggarwal's call for 'protectionist' policies
US-based Amazon and Uber kept a conspicuous silence on Thursday after the poster boys of Indian Internet entrepreneurship -- Flipkart chairperson Sach
Read MoreSamsung may emerge as the largest recruiter from IITs this year
Samsung is set to emerge the top recruiter from IIT campuses this year with plans to hire more than 300 engineers from the country?s premier technolog
Read MoreLenders order forensic of debt-laden JSPL
A group of lenders led by State Bank of India has ordered a forensic audit of Jindal Steel & Power (JSPL) to find out if the Naveen Jindal-promoted co
Read MoreCar Plants to Take a Longer Nap this Dec
It?s that time of the year when automakers suspend production for a few days to carry out factory maintenance. This time around, though, the shutdown
Read MoreSamara Capital buys stake in SMT
India-focused private equity firm Samara Capital has acquired stake in Gujarat-based stent-maker Sahajanand Medical Technologies (SMT) in a deal value
Read MoreFree rail cover worth Rs 10 lakh if you buy tickets online, cheaper fuel on card purchases: Arun Jaitley
Discounts on petrol and diesel, service tax exemption on payments up to Rs 2000, 8-10% off on insurance premiums ? all part of a package announced by
Read MoreJP Morgan invests Rs 200 crore in Assetz
JP Morgan Asset Management has invested about Rs 200 crore in Singapore-headquartered Assetz Property Group, which develops residential and commercial
Read MoreRBI may cut rates by up to 50 bps next year
The rate cut cycle may not be over, and the Reserve Bank of India may go for a 25-50 bps cut in 2017, as the underlying disinflationary forces are exp
Read MoreRBI allows eKYC to use OTP for account opening
Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open new accounts using one time pins (OTPs) on mobile ph
Read MoreCanara Bank cuts lending rates, other to follow
State-owned Canara Bank has taken the lead in cutting lending rates while the country's largest bank, State Bank of India, said that while there's a c
Read MoreJapan's economic growth in July-Sept revised to 1.3 percent
Japan's economy grew 1.3 percent in July to September from a year earlier, according to revised data reflecting weaker business investment and exports
Read MoreEgypt sees 'three-year strategy' to revive economy
Egypt has an ambitious three-year reform plan that, with foreign help, can revive its struggling economy, the minister of international co-operation t
Read MoreABS figures show slide in ACT economy in September quarter
The ACT's economy slid significantly in the most recent quarter, in a performance worse than any other state or territory except Western Australia. Th
Read MoreHalf of Americans are ?shut off from economic growth?
Even after accounting for the occasional recession and slowdown, America?s economy has greatly expanded since the days of disco. Despite that growth,
Read MoreDiCaprio meets with Trump on green jobs to boost economy
DiCaprio tells Trump how green jobs can lift economy DiCaprio tells Trump how green jobs can lift economy 19 Hours Ago | 00:38 Leonardo DiCaprio and
Read MoreChina just gave the clearest signal yet that its economy is bouncing back
If there was any doubt the Chinese economy is humming again, it?s surely been dispelled Wednesday.Chinese trade data has beaten across the board in Oc
Read MoreDirections under section 119 of the Income-tax Act, 1961
Publish Date : Friday, December 9, 2016
Demonetisation effect: Money supply growth may decline by 3%
The average growth of money supply in the economy may slip to 9 per cent from 12 per cent in the near term, if 25-30 per cent of unaccounted currency
Read MoreGovt bond yields spike after Reserve Bank maintains status quo
Bond yields spiked as the debt market reversed course after the Reserve Bank of India kept the policy rate unchanged at 6.25 per cent on Wednesday, be
Read MoreIndia's cashless push to aid entry of 400 million people into formal economy: Nandan Nilekani
Infosys co-founder Nandan Nilekani said that the government's move last month to remove Rs 500 and Rs 1,000 notes as legal tender will accelerate the
Read MoreCable and wire makers raise prices by 10% in two weeks
At a time when demonetisation of high-value currency notes lowered demand by over 25-30%, wire and cable manufacturers have raised their products' pri
Read MoreCement sales dip in face of currency rationing
The cement sector has been seeing 10-20 per cent drop in sales owing to currency rationing in the wake of demonetisation. The individual housing build
Read MoreOil Falls as Supply Surges at U.S. Hub, OPEC?s Position on Curbs
Oil dropped after a report showed crude supplies at Cushing, Oklahoma, the biggest U.S. storage hub climbed the most since January 2009.West Texas Int
Read MoreSebi mulls higher net worth for registrars
The Securities and Exchange Board of India (Sebi) is considering a steep increase in the minimum net worth requirement for registrar and transfer agen
Read MoreRBI knocks 156 points off Sensex
The Reserve Bank's decision to leave interest rates untouched caught the market by surprise as the Sensex switched gears by reversing its two days of
Read MoreRupee recovers as dollar weakens
The pressure on the rupee is easing following the currency recovering sharply after recording a new low of 68.86 against the US dollar on November 24.
Read MorePaytm launches payment method for non-internet users
Digital payments platform Paytm today announced a toll-free number to enable consumers and merchants without an internet connection to pay and receive
Read MoreAfter Mahindra, Tata Motors may invest in load aggregator start-up
Tata Motors, India?s biggest commercial vehicle manufacturer, is keen to enter the load aggregator space, after the sector saw its first corporate act
Read MoreA bigger economic pie, but a smaller slice for half of the US
Even with all the setbacks from recessions, burst bubbles and vanishing industries, the United States has still pumped out breath-taking riches over t
Read MoreGovt to spend Rs 60,000 cr more on rural jobs
The Centre has sought parliamentary approval for nearly Rs 60,000 crore in additional spending, primarily for rural employment, urban development, far
Read MoreA flagging industrial economy needed a rate cut, says disappointed India Inc
With the Reserve Bank of India belying expectations of a rate cut, India Inc today expressed disappointment saying that a rate cut was needed to provi
Read MoreChina Nov forex reserves fall more than expected to lowest in nearly 6 years
China's foreign exchange reserves fell far more than expected in November to the lowest level in nearly six years, as authorities struggled to stem ca
Read MoreO2 Spa acquires Zazen; plans overseas, domestic expansion
Leading spa chain O2 Spa has announced the acquisition of Zazen Spa, a chain operating in the western region of the country.This acquisition comes in
Read MoreCredit Suisse to Cut Costs Further and Lower Profit Targets
Credit Suisse said on Wednesday that it would further cut costs and had lowered profit targets for some of its operating divisions as Tidjane Thiam, i
Read MoreStarbucks sets 5-year growth targets, to open 12,000 more stores
Starbucks set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain sa
Read MoreAustralia experiences slowest quarterly growth in five years
Australia's economy contracted by 0.5% in the September quarter, ending five years of uninterrupted growth.The slowdown is mainly attributed to cutbac
Read MoreSteel Ministry to ensure firms meet global quality standards
Companies will have to work on meeting global quality standards and follow international best practices, steps that will help India become a manufactu
Read MoreCentre mulls scrapping wheat import duty to boost supplies
The Centre is mulling scrapping import duty on wheat to boost domestic supplies amid rising prices and concerns about the 2016-17 wheat crop in view o
Read MoreGold slumps by Rs 200 per 10 gm on lacklustre demand, global cues
Gold prices suffered more losses for the third straight day, tumbling by another Rs. 200 to Rs. 28,600 per 10 grams today, mostly on account of slack
Read MoreTo promote start-ups in India, Microsoft Accelerator inks tie-up with Wipro
Microsoft Accelerator and Wipro have entered into a partnership that will provide start-ups with greater opportunities to innovate and grow their busi
Read MoreAdani Transmission to buy RInfra's western assets for Rs 1K cr
Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 cir
Read MoreNotification No. 141 /2016- Customs (N.T.)
Regarding appointment of Common Adjudicating Authority
Read MoreNotification No. 139 /2016- Customs (N.T.)
Amendment to Notification no. 12/97-Customs dated 2nd April 1997
Read MoreNotification No. 59/2016-Customs
Seeks to futher amend notification No. 12/2012-Customs dated 17th March, 2012, so as to withdraw CVD exemption on gold coins having gold content not b
Read MoreSales down 25-30% post demonetisation, says Micromax
Country's third largest handset maker Micromax today said consumer sales have taken a 25-30 per cent hit following demonetisation. Besides suffering s
Read MoreHindustan Zinc enters solar energy biz, to invest Rs 630 crore
Hindustan Zinc Ltd (HZL) today said it is foraying into solar energy business and will set up 115 MW of solar energy projects with an investment of Rs
Read MoreDivi's Laboratories falls as Vizag unit gets five observations from USFDA
Divi?s Laboratories has dipped 6% to Rs 1,091 on the BSE in early morning trade after the company said the US Food and Drug Administration (USFDA) has
Read MoreJSW Steel's crude steel output jumps 45% to 12 lakh tonnes in November
Sajjan Jindal-led JSW Steel today posted a 45 per cent growth in crude steel production at 12.27 lakh tonnes in November this year. Its crude steel pr
Read MoreMore than 26% of farmers covered under govt?s crop insurance scheme
More than 3.66 crore farmers of the estimated 14 crore in the country were enrolled with the NDA government?s flagship Pradhan Mantri Fasal Bima Yojan
Read MoreGST jurisdiction a difficult issue, hopeful of Apr roll-out:FM
Pinning hopes on quick resolution of the "difficult issue" of tax jurisdiction with states, Finance Minister Arun Jaitley today said that Goods and Se
Read MoreDemonetisation dividend: Bank deposits rise to Rs 105.18 lakh crore
Deposits with Indian banks rose to R105.18 lakh crore between November 12 and November 25, up by R4.03 lakh crore, or 15.9%, over the same fortnight l
Read MoreMutual Fund asset base hits new high of Rs 16.5 lakh cr in November
Mutual fund industry's asset base surged to all-time high of Rs 16.5 lakh crore at the end of November, helped by strong inflows in income and equity
Read MoreGoldman Sachs slashes India?s growth estimates amid demonetisation
The cash crunch is taking a bite off Indian growth.Goldman Sachs took another axe to its growth forecasts for India on Tuesday, as the tremors from th
Read MoreNarendra Modi govt looks to spend its way out of a sluggish economy, plans extra Rs 35,172 cr expenditure
With revenues, especially from taxes, buoyant, the Centre has resolved to continue to spend its way out of the sluggishness in economic activity in th
Read MoreRBI credit policy 2016: In surprise move, key rates left unchanged at 6.25%; temporary CRR lifted
Stocks and bonds may have sold off on Wednesday, surprised by the Reserve Bank of India?s (RBI) decision to leave the policy rate unchanged at 6.25%,
Read MoreCircular No. 39/2016
Transport, Power and Interest subsidies received by an Industrial Undertaking- Eligibility for deduction under sections 80-IB, 80-IC etc., of the Inco
Read MoreNotification 11/2016
Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source
Read MoreNotification No. 111/2016
Notification No. 111/2016/F. No.196/23/2015-ITA-I / S.O. 3607(E)
Read MoreNotification No. 110/2016
Notification No. 110/2016/F. No.196/38/2015-ITA-I] / S.O. 3605(E)
Read MoreNotification No. 109/2016
Notification No. 109/2016/F. No.196/17/2015-ITA.I / S.O. 3606(E)
Read MoreNotification No. 108/2016
Income-tax (34th Amendment) Rules, 2016
Read MoreNotification No. 107/2016
Income-tax ( 33rd Amendment) Rules, 2016
Read MoreNotification No.RBI/2016-17/174
Reserve Bank of India Act, 1934 ? Section 42(1A) Withdrawal of the Incremental CRR
Read MoreNotification No.RBI/2016-17/173
Requirement of customer due diligence and need for maintenance of records
Read MoreNotification No.RBI/2016-17/172
Card Not Present transactions ? Relaxation in Additional Factor of Authentication for payments upto ? 2000/- for card network provided authentication
Read MoreNotification No.RBI/2016-17/171
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/170
Aadhaar-based Authentication for Card Present Transactions
Read MoreNotification No.RBI/2016-17/169
Allocation of banknotes
Read MoreNotification No.RBI/2016-17/166
Information from Unauthenticated Sources ? Advisory to banks
Read MoreNotification No.RBI/2016-17/167
Large Exposures Framework
Read MoreNotification No.RBI/2016-17/168
Financing of Infrastructure ? ?Definition of 'Infrastructure Lending'
Read MoreNotification No.RBI/2016-17/165
Accounts under PMJDY - Precautions
Read MoreNotification No.RBI/2016-17/164
Deposit of Specified Bank Notes (SBNs) ? Chest Balance Limit / Cash Holding Limit
Read MoreNotification No.RBI/2016-17/163
Withdrawal of cash from bank deposit accounts - Relaxation
Read MoreNotification No.RBI/2016-17/162
Chest Guarantee Scheme for Specified Bank Notes (SBNs) ? CGSS
Read MoreNotification No.RBI/2016-17/161
Auction of Government of India Dated Securities
Read MoreNotification No. 112 /2016 [F. No.196/19
Publish Date : Wednesday, December 7, 2016
Procedure for the purposes of furnishing and verification of Form 27BA for removing of default of Short Collection and / or Non Collection of Tax at Source
Publish Date : Thursday, December 8, 2016
South Korea's Park would leave economy mired in challenges
The heir to the Samsung empire and other tycoons took a public drubbing by lawmakers Tuesday over deep-rooted ties between politics and business that
Read MoreAustralia?s Economy Shrinks Most in Eight Years; Currency Slumps
While Australia?s economy shrunk last quarter, it?s probably more of a red flag than a precursor to recession.One of only four quarterly contractions
Read MoreDemonetisation: Income disclosure schemes 20 years apart yield roughly the same
Union Finance Minister Arun Jaitley?s Income Declaration Scheme (IDS) 2016 will collect a little over Rs 30,000 crore in taxes, whereas former finance
Read MoreIndian IT firms face uphill task for new contracts up for rebid
India?s software exporters seem to be the new incumbents in the global technology outsourcing space. In the next two years, clients such as BNP Pariba
Read MoreBanks told to set up 10 lakh new PoS by March 31
The government has asked banks to open 10 lakh additional points of sale (PoS) by March 31 next year, as part of the strategy to expand digital paymen
Read MoreU.S. trade deficit widens on drop in exports
The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other goods dropped, suggesting th
Read MoreABN Amro to sell $20 billion of Asia, West Asia banking
ABN Amro NV agreed to sell its private-banking assets in Asia and the West Asia to Liechtenstein-based LGT to focus on its European operations.The uni
Read MoreSteel imports fall 40% during April-November
India?s steel consumption continued to be anaemic even as production increased and imports fell by around 40% during the April-November period of the
Read MoreFund-raising via IPOs this year crosses Rs 25,000 cr
The year 2016 has been a good one for Indian equity market as fund-raising via initial public offerings (IPOs) crossed the Rs 25,000- crore mark by th
Read MoreRupee jumps 32 p on policy eve; bond yield falls
The rupee on Tuesday closed at a near-three week high against the US dollar at 67.90 as against the previous close of 68.22, marking the highest daily
Read MoreHPCL's Barmer refinery project stares at cost overrun
Hindustan Petroleum Corporation's 9-million tonne (mt) a year Barmer refinery in Rajasthan, which has been in the works for over four years now, will
Read MoreNot offering any discounts: Amazon, Flipkart, Snapdeal tell govt
E-commerce players like Amazon, Flipkart and Snapdeal have conveyed to the department of industrial policy and promotion (DIPP) that they don?t offer
Read MoreTo ensure Cyrus Mistry removal from Tata Power, Tata group issues veiled threat to shareholders
To remove Cyrus Mistry as director from the board of Tata Power, the extraordinary general meeting for which is to be held on December 26, Tata Sons h
Read MorePSUs to invest Rs 3 lakh crore in hydrocarbon sector in 3 years: DIPP secretary Ramesh Abhishek
The government expects foreign direct investment in the hydrocarbon sector to pick up but the key driver will continue to be the public sector compani
Read MoreChanges in debt recovery laws growth positive
Secured credit is the driving force of the economy and growth of credit creates wealth and generates employment. Recent Amendment Act to change debt r
Read MoreHow Prem Watsa's deal to buy stake in CSB offers ray of hope for ailing banks
As the currency demonetisation announcement last month occupied both mind as well as news space, one far-reaching development in the banking sector sl
Read MoreLego replaces long-time CEO with first foreign boss in organizational shake-up
Danish toymaker Lego is to appoint its first foreign CEO and give its family owners a bigger role in developing the Lego brand under an organizational
Read MoreUS seeks to reassure Beijing after Donald Trump?s Taiwan call
The White House said on Monday it had sought to reassure China after President-elect Donald Trump?s phone call with Taiwan?s leader last week, which t
Read MoreOPEC cut may end free in-flight drinks
Some of Asia?s marquee airlines that spoil passengers with free alcohol and in-f light entertainment may soon have to kick the habit. The on-board giv
Read MoreE-beams to make drive through expressways a breeze
Motorists will soon be able to zip through expressways, thanks to a government plan to install advanced gantry-based tolling systems which will do awa
Read MoreMinistry seeks Rs 48,000 crore for NREG Scheme next year
The rural development ministry has sought a higher allocation of Rs 48,000 crore for its flagship National Rural Employment Guarantee Scheme (NREGS) i
Read MoreOld Favourites Enterprise Tech, Consumer Back in Demand
Two old investor favourites?consumer products and enterprise technology?are expected to emerge as sectors of choice for venture capital and private eq
Read More10 Consumer trends of the future: AI to rule
Artificial intelligence and virtual reality will get bigger as adoption of smart technologies accelerates, but people also risk being cocooned in silo
Read MoreApple holds talks with Indian government on opening stores
Apple Inc officials today met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally
Read MoreIndian lenders sue Essar for default in US Project
Indian lenders led by ICICI Bank have started proceedings against the Essar Group for delays and cost overruns in its ambitious US project executed by
Read MoreThere is a surge in card transactions, but average value down by up to 30%
The demonetisation of Rs 500 and Rs 1,000 notes has led to a spike in card transactions, but the average value of each swipe has fallen with consumers
Read MoreHere is why demonetisation may have stalled India's growth engines
The demonetisation move has squashed hopes of economists that favourable monsoon and seventh pay commission-related wage hikes would result in strong
Read MoreBank of Baroda and Bank of India lower lending rates
Bank of India and Bank of Baroda have lowered the lending rates by 5-20 basis points, or 0.05-0.20 percentage points, while the country's largest bank
Read MoreTata planning to keep UK Port Talbot plant operational
Indian steel giant Tata Steel is planning to keep its Port Talbot plant in South Wales, the UK's biggest steelworks, fully operational, a media report
Read MoreDemonetisation: Government may take ordinance route to cancel unreturned currency
The government may issue an ordinance to provide clear legal support for extinguishing the demonetised Rs 500 and Rs 1,000 notes that are not returned
Read MoreTransport, Power and Interest subsidies received by an Industrial Undertaking- Eligibility for deduction under sections 80-IB, 80-IC etc., of the Income-tax Act, 1961
Publish Date : Tuesday, November 29, 2016
Ireland?s Economic Fallout From Brexit Likely More Bad Than Good, Report Says
The boost that Ireland?s economy will receive from a relocation of businesses leaving the U.K. is unlikely to offset Brexit?s negative impact on expor
Read MoreU.S. Service-Sector Activity Surged in November
U.S. service industries boosted production and hiring in November, the latest sign the economy is expanding at a solid pace after a weak first half of
Read MoreAmazon testing cashier-free retail store
Amazon has unveiled a new kind of retail store, with no cashiers. Customers at the concept store in Amazon's hometown of Seattle, Washington, can fill
Read MoreMcDonald's to keep up to 25 per cent stake in China, HK stores
McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to
Read MoreBad loan targets collateral damage amid cash crunch
Banks are so busy trying to cope with the cash crunch caused by demonetisation that the critical task of going after bad loans is falling by the waysi
Read MoreIndia expects to build three more LNG terminals on east coast
India expects to build three more liquefied natural gas (LNG) terminals on its east coast, a senior oil ministry official said on Tuesday, as the coun
Read MoreAdani to start work at Australia mine by mid-2017
Indian energy giant Adani today said it will start construction at the 21.7 billion dollars Carmichael mine in Australia by the middle of next year an
Read MoreFIIs invest $50 bn in bond market but remain cautious
In an interview to ETMarkets? Kshitij Anand, Dhawal Dalal, CIO-Fixed Income at Edelweiss AMC, says that FIIs have redeemed around $1.5 billion from In
Read MoreBRICS nations vow to automatic sharing of tax information
BRICS nations, including India, today pledged to share tax information automatically and adopt global standards on tax transparency to check cross bor
Read MoreIndia's oilmeal exports dip 9.75 per cent in November
Oilmeal exports fell by 9.75 per cent to 1,08,342 tonnes in November this year on sluggish demand, industry body SEA said today. The country had shipp
Read MoreGold tumbles to 6-month low, goes below Rs 29,000 on global pain
Gold extended its slump for the second day as it slipped below the Rs 29,000 mark by falling Rs 250 to an over six-month low of Rs 28,800 per 10 grams
Read MoreGold imports to dictate size of current account deficit in second half of 2017: ICRA
The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current
Read Moreibibo sets off on new journey with MakeMyTrip
Adversity brings the best out of people ? it can also bring rivals together. An apt example of this was the increasing association between two leading
Read MoreMining cash pile signals a bounty for investors as markets rally
Less than a year after a commodities slump brought the mining industry to its knees, major producers of metals and minerals are so flush with cash tha
Read MoreIndia Inc?s sales growth slows down but profitability perks up in Q2
Growth in net sales of India Inc slowed down in the September 2016 quarter (Q2) according to data provided by Capitaline on 37 Nifty 50 companies (exc
Read MoreIndia?s e-commerce market poised to overtake US? by 2034
The e-commerce market in India is set to overtake that of the US and become the second largest in the world in less than two decades, going head-to-he
Read MoreOrient green breaks 3-yr streak of losses with Rs 829 crore pat in Q2
Wind and biomass energy major Orient Green Power (OGPL) has broken its three-year run of losses by posting a profit after tax (PAT) of Rs 829 crore in
Read MoreRBI auctions treasury bill worth Rs 60,000 cr under MSS
The RBI today auctioned the 35 days Cash Management Bills worth Rs 60,000 crore under government's Market Stabilisation Scheme (MSS) to mop up extra l
Read MoreEuro zone business growth hits fastest this year; inflation up
Euro zone business activity grew at its quickest pace this year in November and firms, which benefited from a weaker euro, raised prices faster than a
Read MoreBalanced fund assets surge to Rs 61,107 crore in October
Balanced funds are getting more attention from investors as their assets has surged to R61,107 crore in October 2016 from R37,682 crore in the same mo
Read MoreOctober industrial credit growth lowest in 6 yrs
In a clear sign that private investment continues to be weak on the back of stagnating demand, bank credit growth to industry in October hit a six-yea
Read MoreRepo rate cut transmission between 5 bps & 45 bps so far in FY17
Most banks have transmitted between 5 basis points and 45 basis points (bps) of the 50 bps of cuts in the repo rate effected by the Reserve Bank of In
Read MoreHDFC Bank cuts MCLR, deposit rates, matches SBI, ICICI Bank
Private sector lender HDFC Bank has reduced the marginal cost of funds-based lending rate (MCLR) by 15 basis points (bps) across tenures.The bank?s on
Read MoreAmazon gives Indian start-ups global platform via Launchpad
Amazon.in, the Indian arm of global e-commerce giant Amazon.com on Monday launched Amazon Launchpad in India to help Indian start-up gain access to gl
Read MoreOLX India slashes ad spend, profits jump 3x to Rs 6.15 cr
Online classified business OLX India reported a three-fold jump in its net profit at R6.15 crore in FY16, according to the company?s filing with the r
Read MoreTata Power SED wins Rs 200 cr order from defence
Tata Power SED has won a Rs 200 crore order from the Defence Ministry for supplying one regiment of command post and launcher of Pinaka multi rocket l
Read MoreCairn India lines up Rs 30,000 cr to add 1 lakh bpd of oil
Cairn India will invest Rs 30,000 crore in the next three years to produce an additional 1,00,000 barrels per day of oil and oil equivalent gas, prima
Read MoreGDP growth to slow to 6.5% in Q4, to be at 7% in Q1 of 2017
India's economic growth rate is likely to fall to 6.5 per cent in the ongoing quarter and remain subdued at around 7 per cent in the January-March per
Read MoreDemonetisation : FinMin gives digital boost, orders depts to make e-payments for Rs 5000+ contracts
To give a fillip to digital payments, the finance ministry on Monday halved the threshold limit to R5,000 for payments to be mandatorily made electron
Read MoreServices sector hit by demonetisation, logs biggest 1-mth fall since Lehman
Hit hard by demonetisation, the services sector slipped into contraction in November ? the worst slump in nearly three years ? as new orders dried up
Read MoreUN appeals for record $22.2 billion in global aid
The United Nations appealed Monday for a record $22.2 billion (20.9 billion euros) to provide aid in 2017 to surging numbers of people hit by conflict
Read MoreGold imports to dictate size of current account deficit in H2 of FY2017: ICRA
ICRA expects India's current account deficit to be curtailed under US$20 billion in FY2017, lower than the~US$22 billion in FY2016. With the gold impo
Read MoreMutual funds park Rs 13,610 crore in equities in November
Mutual funds registered an inflow of a staggering Rs 13,610 crore in equities in November, mainly on aggressive buying by fund managers due to a sharp
Read MoreWe need Rs 500 notes to end bank queues: SBI
At least Rs 10 lakh crore must be in circulation for the long queues at banks to end but the pressing need is the missing Rs 500 currency, a top SBI o
Read MoreSBI saving accounts swell by Rs 1 lakh crore
The country's largest public sector lender State Bank of IndiaBSE 0.90 % on Monday said its saving accounts have swelled up by Rs 1 lakh crore after d
Read MoreMRPL readies Rs 11,000 crore to hit 25 million tonnes refining capacity
Mangalore Refinery and Petrochemicals Ltd (MRPL) is readying plans to invest Rs 11,000 crore to raise refining capacity to 25 mt instead of the previo
Read MoreTata Steel's Speciality Steel business sale to improve performance
The potential sale of Tata SteelBSE 1.76 % UK's Speciality Steel business to the Liberty House Group will help the embattled giant improve operational
Read MoreDemonetisation hits services, PMI shrinks after 16 months
Ending a 16 month sequence of expansion, India's services activity contracted in November, pulled down by the government's demonetisation drive. The
Read MorePayments above Rs 5000 by govt depts to be now made through e-payments: Finance Ministry
In order to attain digitalisation goals of government payments, finance ministry today made it mandatory for government departments to make electronic
Read MoreDemonetisation will push GDP growth to 10%: Meghwal
Demonetisation will lead to a spurt in economic activity, which will in turn push GDP growth to 10 per cent, Union minister Arjun Ram Meghwal has said
Read MoreSAP sees huge opportunity in GST, demonetisation
German software and accounting technology firm SAP is placing its bet on two large opportunities in the country?the roll out the Goods and Services Ta
Read MoreTata Motors surpasses Mahindra & Mahindra in passenger vehicle segment
Tata Motors snatched a small lead over Mahindra & Mahindra as the third-largest passenger vehicle seller in India, in November, on the back of Tiago s
Read MoreMonthly Inflows through SIPs Swell to 4,000 crore
?Many financial planners show excel sheets where they assure you equity SIPs will earn 12-15% and you will reach your goal,? said Anup Bhaiya, MD, Mon
Read MoreOnline grocery delivery startup urDoorstep raises Rs 10 cr
Online grocery delivery company urDoorstep has raised Rs 10 crore in a bridge round, with a high net-worth individual investing Rs 5 crore and an equa
Read MoreAditya Birla Retail posts 21% sales growth, losses pile up
Aditya Birla Retail, the operator of ?More? supermarkets, reported a 21% increase in sales in the previous financial year, although losses continued t
Read MorePaytm to transfer wallet business to payments bank
One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank
Read MoreHyundai takes to shipping route after demonetisation hits truckers
What began as an experiment is emerging as a mainstream logistic option for India?s second-largest car manufacturer Hyundai Motor India (HMIL), precip
Read MoreHong Kong tycoon Li Ka-Shing offers $5.4 billion for Australia energy firm
Australian energy company Duet Group says it's considering a multibillion dollar takeover offer from the infrastructure arm of Hong Kong tycoon Li Ka-
Read MoreUK companies still growing steadily despite Brexit fears ? Confederation of British Industry
British companies continued to grow modestly in the three months to November and are expected to keep up that pace into 2017, a survey showed on Sunda
Read MoreGreece sees final solution on debt crisis amid euro uncertainty | Daily Sun News
Political uncertainty in Europe has created fresh momentum for a ?comprehensive and permanent? solution to the Greek debt crisis before the year ends
Read MoreDraghi seen ready for one more QE sprint in ECB stimulus finale
The jolt Mario Draghi is set to give the euro-area economy may well be his last, economists say.The European Central Bank president will announce an e
Read MoreMIP on select steel products extended till Feb 4
The government has extended the minimum import price (MIP) for 19 colour-coated and galvanised steel products till February 4, 2017, without tweaking
Read MoreRBI to issue new Rs 50 and Rs 20 notes; old bills to continue
The Reserve Bank today said it will issue new currency notes of Rs. 20 and Rs. 50 denominations with numerals in ascending size in the number panels a
Read MoreNarendra Modi govt spending on subsidy to exceed Budget estimate by Rs 9,000 cr
The Centre?s expenditure on major explicit subsidies in FY17 will be kept at slightly above R2.4 lakh crore, as against the budgeted figure R2.32 lakh
Read MoreIDS gets Rs 67,382 cr, over Rs 2K cr higher than estimate
The Finance Ministry today revised upwards black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, which will fetch the govern
Read MoreEven as input prices gains taper off, India Inc recovery hit by weak demand
With revenues growing slowly in a disinflationary and low-demand environment and the gains from softer commodity prices tapering off, India Inc?s reco
Read MoreRBI may cut rate by 25 basis points
The six-member monetary policy committee headed by Reserve Bank of India (RBI) Governor Urjit Patel is likely to cut the policy rate by at least 25 ba
Read MoreWildcraft looks at higher growth to changing lifestyle of urban customers
Wildcraft, the Indian sports and adventure outdoor product company said it is seeing higher growth coming from its clothing and footwear business as u
Read MoreDemonetisation: Consumer companies stare at margin pressures in Q3
Demonetisation is not the only worry for consumer companies in the December quarter. Operating profit margins could come under pressure as a spike in
Read MoreChina's biggest carmaker SAIC Motor to drive into India
China?s largest automaker SAIC Motor (formerly Shanghai Automotive Industry Corporation) is finalising plans to invest about $1 billion in India by 20
Read MoreMore exemptions and rebates: Direct tax sops likely in Budget
To soften the ?pain? of demonetisation, the central government might announce a number of direct tax sops for individuals as well as the corporate sec
Read MoreNotification No. 109/2016/F. No.196/17/2015-ITA.I
Publish Date : Thursday, December 1, 2016
Notification No. 110/2016/F. No.196/38/2015-ITA-I
Publish Date : Thursday, December 1, 2016
Taxman Finds Rs 1.64 Crore Undisclosed Income In Jan Dhan Accounts
The Income Tax department has detected undisclosed monies of Rs 1.64 crore and other "inconsistencies" in its countrywide investigations into the sudd
Read MoreDemonetisation Will Push GDP Growth: Union Minister Piyush Goyal
Notwithstanding economists' prediction that demonetisation would hit the country's Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal sa
Read MoreDemonetisation crisis: TCS gives innovative solutions to banks
For Tata Consultancy Services (TCS), India?s largest IT services provider, that works with close to 100 banks in India, including the Reserve Bank of
Read MoreRBI May Cut Interest Rate By 0.5% In Next Policy Meet: HDFC CEO
At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut th
Read MoreP&G Q1 net profit jumps 50% to Rs 104 cr
FMCG major Procter and Gamble Hygiene and Health Care Ltd (P&G) today reported a 50.14 per cent jump in the net profit to Rs 104.44 crore for the quar
Read MoreMost of $26-b FCNR(B) deposits raised by banks redeemed
A chunk of the $26 billion that banks raised via three-year foreign currency non-resident (bank) deposits in 2013, after the RBI opened a special conc
Read MoreDemonetisation set to add to steel majors? woes
Weak demand amidst rising cost is likely to hit domestic steel companies. Most large steel producers are now focusing on export markets to overcome th
Read MoreRenewable energy firms seek compensation for backing down
The government is examining a request from renewable power producers to compensate them for cutting down generation at the behest of electricity distr
Read MoreCash crunch punch for retail; manufacturing runs on hope
Moolchand Airi sold 15-20 cycles every day a month back; now, he barely sells three. He is not alone suffering from the low demand, a result of the de
Read MoreStagger Brexit over years or we will leave: Banks
Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby g
Read MoreDemonetisation: Cash crunch cripples commercial vehicle sales
It is not only the cash-dependent truck and bus rental segment that has been hit hard by demonetisation but manufacturers of commercial vehicles (CV),
Read MoreDemonetisation: 30% of unorganised jewellery market could perish
India's jewellery market, estimated at $45 billion (or Rs 3 lakh crore), which is 85 per cent unorganised, may see a shift due to demonetisation and i
Read MoreJohnson & Johnson hit with over $1 billion verdict on hip implants
A federal jury in Dallas on Thursday ordered Johnson & Johnson (JNJ.N) and its DePuy Orthopaedics unit to pay more than $1 billion to six plaintiffs w
Read MoreUber?s India arm posts 442% jump in revenues to Rs 374 crore
The main Indian unit of taxi aggregator Uber has posted a four-fold jump in revenues in its third year of operations in the country that has already b
Read MoreU.S. economy added 178,000 jobs in November; unemployment rate at 4.6%
The government reported Friday that employers added 178,000 workers in November, a solid gain that clears the way for the Federal Reserve to raise the
Read MoreCorporate bond yield spread likely to widen as banks go slow on lending
The yield spread between corporate and sovereign bonds is likely to widen in the coming quarters, as supply from big companies may rise amid expectati
Read MoreDemonetisation: In planting season, trust and credit in full bloom in fields
Dnyaneshwar Gavande, a farmer in Maharashtra?s Mhaisang village, didn?t have cash but managed to plant gram on his eight-acre farmland on time. All in
Read MoreSoftbank's Masayoshi Son wishes to gift a million electric cars to Ola cabbies
Masayoshi Son is preparing to launch a million dreams with an ambitious wish to give away electric cars built in India, as the founder of Japanese Int
Read MoreFor the Second Time, Howard Schultz Is Stepping Down as Starbucks? CEO
Starbucks CEO Howard Schultz is stepping down next year, the company announced on Thursday.Schultz will be replaced by Starbucks' president and COO, K
Read MoreCompanies leaving US will face consequences, warns Trump
President-elect Donald Trump warned on Thursday that US companies would for outsourcing jobs abroad, as he touted his early success in persuading an a
Read MoreExpect challenging times ahead for India steel players: ICRA
The sharp rise in international coking coal prices besides an almost stagnant steel demand pose challenging times ahead for the domestic steel players
Read MoreMetal prices go through the roof as suppliers tighter
Metal prices have gone off the roof in the past year as supplies tightened after closure of mines in many parts of the world and firm demand from Chin
Read MoreGlobal LNG prices hit 2016 high as Opec agrees oil output cut
Asian spot prices for liquefied natural gas (LNG) this week rose to their highest for 2016 so far, lifted by Opec?s announcement it would cut crude oi
Read MoreSugar production up 17% at 27.41 lakh tonnes in Oct-Nov
India's sugar production rose by 17 per cent at 27.41 lakh tonnes during the first two months of the current marketing year that started in October on
Read MoreRs 2.5 lakh crore won't come back into banking system: SBI
State Bank of IndiaBSE -0.53 % has estimated that money worth Rs 2.5 lakh crore may not come back into the banking system post demonetisation of high-
Read MoreAfter PSUs, buyback bug bites private firms; spend soars to Rs 9,806 cr
Buyback activity in cash-rich PSUs seems to have rubbed off on to private companies with the total amount spent by private sector firms on such offers
Read MoreHero MotoCorp sales down 13% in November
Country's largest two-wheeler maker Hero MotoCorp on Friday reported a 12.86 per cent fall in sales at 4,79,856 units in November.The company sold 5,5
Read MoreFlipkart valuation slashed to $7.3 bn, this time by investor Vanguard Group
Flipkart has received one more jolt with another of its investors Vanguard Group marking down the value of its holding by 33% to put the valuation of
Read MoreBajaj Auto November sales dips by 12.83 percent
Auto Major,Bajaj Auto reported a drop of 12.83 percent in total sales in November at 2,69,948 units against 3,09,673 units in the same month last year
Read MoreGovernment may eliminate taxman's discretion, lower stamp duty to tighten the noose further around black money
Tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion
Read MoreIndia projected to grow 7.6% in 2017: UN report
India's economy is projected to grow at 7.6 per cent in 2017 as investment regains momentum and manufacturing base strengthens on the back of structur
Read MoreIndia Ratings lowers GDP forecast to 6.8% post demonetisation
India Ratings on Friday lowered its GDP forecast for 2016-17 to 6.8% from 7.8% earlier, stating that the demonetisation drive will lead to an erosion
Read MoreEven as revenue rose 292%, Pepperfry net loss soars to Rs 155 cr
Online furniture portal Pepperfry.com saw its net losses rising by 76% during FY16 at R155 crore, according to the company?s filing with the registrar
Read MoreChina finally lifts restrictions, opens its market for Indian rice; LT Foods, Kohinoor Foods, others set to benefit
China, the world?s top rice consumer and importer, has granted phytosanitary clearances to 14 Indian rice exporters, including established ones like L
Read MoreCentre hikes liquidity sponge MSS limit to highest-ever of Rs 6 lakh cr
The government on Friday announced a steep increase in the limit for issue of securities under the Market Stabilisation Scheme (MSS) to R6 lakh crore
Read MoreGST Council meet: States not okay on power sharing issues, want control over businesses with turnover under Rs 1.5 cr
With a seeming agreement between the Centre and states on Friday regarding the three draft laws for the goods and services tax (GST), whether the new
Read MoreNotification No. 111/2016/F. No.196/23/2015-ITA-I
Publish Date : Thursday, December 1, 2016
Hinduja Ventures sells stake in group firms
Hinduja Ventures Ltd (HVL) it will sell stake in group firms Induslnd Media and Communications Ltd and Hinduja Energy. "The Board of Directors had app
Read MoreRBI likely to slash rate by 25 bps next week: Citigroup
Reserve Bank is expected to go for a 25 bps repo rate cut in its next week's policy review meet in view of downside risks to the economic growth, says
Read MoreCentral Board of Excise and Customs removes 1 per cent excise duty on branded gold coins
Branded gold coins may become cheaper after the government scrapped 1 per cent excise duty on them. In a notification, the Central Board of Excise and
Read MoreBanks slow lending to smaller MFIs
It's deja vu for the Rs 60,000-crore microfinance industry as some major banks are going slow in lending to small and medium-sized microfinance compan
Read MoreGlobal Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost
The 30-year-old bull market in bonds looks to be ending with a bang.The Bloomberg Barclays Global Aggregate Total Return Index lost 4 percent in Novem
Read MoreKKR to Invest up to $650 m in 4 Separate Credit Deals
US private equity giant KKR & Co has agreed to invest close to $650 million in four separate structured credit deals, including a $200 million deal wi
Read MoreGillette India's Q1 standalone net profit jumps 63% to Rs. 55 crore
Gillette India today reported a 63.45% jump in standalone net profit at Rs 54.84 crore for the quarter ended September 30, mainly on account of produc
Read MoreGold hits 10-month low after biggest monthly drop in 3 years
Gold fell to its lowest since February on Thursday, extending losses after its biggest monthly decline in more than three years, as a surge in oil pri
Read MoreIFC invests Rs450 crore for 29% stake in Apollo Health
International Finance Corp. (IFC) has invested Rs450 crore for a 29% stake in Apollo Health and Lifestyle Ltd (AHLL), a unit of Apollo Hospitals Enter
Read MoreChina manufacturing heats up in November, inflation pressure builds
Activity in China's manufacturing sector grew more than expected in November, expanding at its strongest pace in more than two years, as the world's s
Read MoreEuro zone October factory growth near three-year high, PMI shows
Euro zone manufacturing activity accelerated at its fastest rate in nearly three years last month, supported by a buoyant performance from Germany, wh
Read MoreUK manufacturing sector growth 'slows in November'
UK manufacturing sector growth slowed in November, a closely-watched survey has indicated.The Markit/CIPS purchasing managers' index (PMI) fell to 53.
Read MoreOil soars, Brent hits 16-month high after OPEC output deal
Oil prices surged 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict
Read MoreATF price cut by 3.7%, LPG hiked by Rs 2 per cylinder
Aviation turbine fuel (ATF) price was today cut by 3.7 per cent while subsidised LPG rate was hiked by Rs 2.07 per cylinder, the seventh increase in c
Read MoreSebi notifies easier regulations for REITs, InvITs
With an aim to make REITs and InvITs more attractive for raising capital, Sebi has notified revised and easier regulations for these instruments.To fa
Read MoreRBI caps LE framework for counterparty, group
The Reserve Bank of India (RBI) on Thursday issued the final large exposures (LE) framework, capping the LE limit for each counterparty and group of c
Read MoreDemonetisation deluge effect: ICICI Bank, Kotak Mahindra Bank cut MCLR by 5 bps
ICICI Bank on Thursday reduced the marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) across tenures. The one-year MCLR at the b
Read MoreKPIT Technologies acquires strategic stake in German firm
IT firm KPIT Technologies today said it has acquired strategic stake in Germany-based engineering services company MicroFuzzy for a fixed consideratio
Read MoreMyntra eyes revenue runrate of $2 bn, profitability by end FY18 after demonetisation boosts digital payments from 5% to 50%
Online fashion retailer Myntra said on Thursday that it expects to attain profitability by the end of next fiscal having achieved a year-on-year growt
Read MoreBrookfield submits highest bid for Bharti Infratel stake
Brookfield Asset Management Inc. has submitted the highest bid for a 51% stake in telecom tower service provider Bharti Infratel Ltd and started exclu
Read More'DIAL, BIAL sees Rs 580 cr total profit in six months'
Operators of international airports in Bengaluru and the national capital raked in profits totalling Rs 580 crore in the first six months of the curre
Read MoreDemonetisation effect: BoFA lowers GDP forecast to 6.9% for FY 2017
The Indian economy is going through a shallow recovery and GDP growth is expected to come down to 6.9 per cent this fiscal following demonetisation, s
Read MoreCash shortage may slowdown GDP to 6.5% in Oct-Dec qtr: Nomura
Cash crunch post demonetisation is expected to slowdown India's GDP growth to 6.5 per cent for the fourth quarter of 2016 and is likely to spill over
Read MoreGovernment says will not seize legitimate gold; caps holding by married women at 500 gm, 250 gm for unmarried girls, 100 gm for men
Scotching rumours that the amendments to the income tax Act recently cleared by the Lok Sabha allow the taxman to confiscate three-fourth of the gold
Read MoreAuto sales soar, beat demonetisation blues; Maruti Suzuki jumps 14.1% to 126,220 units
The auto industry was able to beat the demonetisation dampener with most passenger vehicle manufacturers posting double-digit sales growth in November
Read MoreReliance Jio free data extended to March 31; Mukesh Ambani announces Digital Money wallet push
As expected, Reliance Jio Infocomm on Thursday extended its free offer beyond December 31, 2016, to March 31, 2017, calling it RJio?s Happy New Year o
Read MoreVedanta to invest Rs 30,000 crore in Cairn India to ramp up capacity
Vedanta group has lined up Rs 30,000 crore investments to ramp up the capacity of Cairn India, one of the largest independent oil and gas exploration
Read MoreMake in Odisha: State bags Rs 60k cr investment intentions on Day 1
On the inaugural day of the ?Make in Odisha? conclave, its biggest showpiece event, the state government said it got investment intentions in excess o
Read MoreLimit set for credit exposure for banks
To avoid risks to lenders from excessive corporate exposures, the Reserve Bank of India (RBI) on Thursday issued final rules limiting single party exp
Read MoreDemonetisation took a toll on manufacturing sector growth in Nov: PMI
Manufacturing sector growth in India got hampered in November as rupee demonetisation weighed on new work flows, buying activity and production, while
Read MoreProcedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source
Publish Date : Friday, December 2, 2016
RBL Bank launches Aadhaar-based disbursment of mirco loans
Private sector RBL Bank today said it has launched 'Aadhaar Payment Bridge System' (APBS) for small ticket micro-finance loan disbursements. The bank
Read MoreMyntra grows 80% y-on-y; set to achieve profitability in FY18
Online fashion retailer Myntra today said it has witnessed an 80 per cent year-on-year growth (Oct, 2015 to Oct 2016) with an industry leading revenue
Read MoreITC to invest Rs 800 cr on food processing, hotel in Odisha
Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs 800 crore. The integrat
Read MoreAdani to raise investment by $439 million in Odisha
Adani Group will increase its investments in Odisha by about Rs 3,000 crore ($438.87 million) for a total of Rs 15,000 crore, Chairman Gautam Adani sa
Read MoreChina's per-capita touches $ 8000, 70% poverty eradicated
China has eradicated 70 per cent of poverty and the country's per-capita GDP has grown to $ 8,000 due to three decades of economic development, accord
Read MoreIndia Inc's foreign borrowings at $1.47 billion in October
India Inc's borrowings from overseas markets fell by 30.3 per cent from a year ago to $ 1.47 billion in October 2016, RBI data showed. They had borrow
Read MoreAmendments to I-T laws: No tax on ancestral jewellery, purchase from disclosed income
Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture inc
Read MoreFiscal Deficit at 79.3 per cent of BE in October on Non-Tax revenue growth
The fiscal situation showed a sharp improvement in October, driven mainly by growth in non-tax revenues. The development, to an extent, has helped add
Read MoreIndegene Lifesystems acquires Enicma Group for Rs 109 crore
Healthcare IT firm Indegene Lifesystems has acquired US-based Enicma Group for $16 million (Rs 109.54 crore) to ramp up its analytics and omni-channel
Read MoreKSK Energy Ventures in talks for stake divestment in Mahanadi power project
KSK Energy Ventures Ltd is in advanced stage of parleys for stake divestment in the KSK Mahanadi thermal power project. The company stated that it is
Read MoreIrdai allows insurers to be part of JLF
The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to be part of the Joint Lenders? Forum (JLF), formed under Re
Read MoreDebt mutual funds hope impact of CRR move to be short-term
Mutual funds are hoping that the redemption pressure seen after the Reserve Bank of India?s (RBI?s) sudden increase in banks' cash reserve ratio (CRR)
Read MoreRoyal Bank of Scotland fails UK stress test
The Royal Bank of Scotland is the worst prepared among Britain?s lenders for another financial crisis, the Bank of England said on Wednesday, forcing
Read MoreLock screen platform, SLIDE App raises $3.6M in Series A funding round led by Songhyun Investment
SlideApp , a lock screen app that awards Android users for reading content, today announced its series A round of funding worth 3.6 million USD. The f
Read MoreWipro sells energy biz for $70 mn to India unit of UTC
Wipro has sold off energy services business EcoEnergy to the Indian arm of United Technologies Corporation for an estimated Rs 465 crore as part of it
Read MoreGE to partner IT firms for core business, too
GE, which has opened its largest digital hub in Bengaluru, said it would work with Indian information technology service providers who would be a part
Read MoreCabinet clears Rs 8,679 crore MUTP Ph-III project
Union Cabinet today cleared a major suburban rail link project worth over Rs 10,000 crore as part of the ambitious urban transport project in Mumbai.
Read MoreU.S. Consumer-Spending Gain Moderates as Incomes Increase
Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will
Read MoreEuro zone inflation hits 31-month high of 0.6% in November
Euro zone inflation rose to a two and a half year high in November as Europe moved further away from the very low consumer prices that have put an alr
Read MoreMark Carney: European economies face hit if cut off from City of London
The governor of the Bank of England has warned that European economies could be damaged if their access to the City of London is disrupted after Brita
Read MoreAsia's October imports of Iranian oil more than double from year ago
Imports of crude oil by Iran's four major buyers in Asia in October more than doubled from a year ago as the producer continued to recoup market share
Read MoreHow badly has demonetization of rupee hit the Indian markets?
At the time of writing, the Indian markets have fallen a bit more than other emerging markets in Asia. The S&P BSE Sensex is down 3.8%, which is more
Read MoreRBI eases cash balance requirements for banks
The Reserve Bank of India (RBI) will allow banks to use all their cash to meet the central bank's new cash reserve ratio requirements, not just a cert
Read MorePunjab National Bank, South Indian Bank lower lending rates for December
Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of var
Read MoreTata Power to sell PT Arutmin stake for $247 million
Tata Power will sell its 30 per cent stake in Indonesia-based coal company PT Arutmin for a sharply lower consideration of USD 246.64 million after en
Read MoreHealth concerns hit sales, PepsiCo India net loss rises to Rs 538 cr
PepsiCo India Holdings has reported a net loss of R538 crore in FY16, compared with R177 crore in the year prior to it, according to the company?s fil
Read MoreGSPC posts Rs 374 cr profit for Apr-Sept period
Gujarat State Petroleum Corp (GSPC) today reported a net profit of Rs 374.03 crore in the first half of current fiscal as compared to a loss of Rs 369
Read MoreInfrastructure sector growth jumps to 6-month high of 6.6% in October
Core sector growth rose to a six-month high in October on the back of impressive performance by steel and refinery products, suggesting some pickup in
Read MoreDemonetisation puts spoke in economy?s wheel, GDP growth at 7.3% misses forecast
India?s gross domestic product (GDP) grew at a lower-than-expected 7.3% in the September quarter while the gross value added (GVA) increased only 7.1%
Read MorePetrol price hiked by 13 paise per litre, diesel prices cut by 12 paise
The price of petrol was hiked on Wednesday by a marginal 13 paisa per litre while diesel rates were cut by 12 paisa in line with global trends. The re
Read MoreJan Dhan Yojana withdrawal capped at Rs 10,000 by RBI
To curb misuse of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts to convert black money into white, the Reserve Bank of India has capped withdrawals
Read MoreIncome-tax ( 33rd Amendment) Rules, 2016
Publish Date : Monday, November 28, 2016
Income-tax (34th Amendment) Rules, 2016
Publish Date : Tuesday, November 29, 2016
How food-tech startup Twigly earned top margins through cloud kitchen model
Even as food-tech start-ups such as Localbanya, PepperTap, Eatlo and TinyOwl fell by the way side in 2015-16, cloud kitchen company Twigly entered the
Read MoreMBD Group to invest Rs 50 crore on creating low cost Virtual Reality for education
Delhi-based educational group, MBD Group, which has recently diversified into different sectors including hospitality, skill development and real esta
Read MoreIndia Inc says business will take a hit due to demonetisation
Captains of Indian companies on Tuesday said businesses will take a hit in the short term because of the shock demonetisation of high value currency n
Read MoreMalaysia's Axiata looks to sell its 20% stake in Idea Cellular
Axiata is looking to sell its 20% stake in Idea Cellular as the Malaysian company believes the Indian telecom provider?s valuation will remain subdued
Read MoreSaaS startup CloudCherry set to expand globally, raises $6 mn in Series A funding
Chennai-based CloudCherry, a software as a service (SaaS) based customer experience management start-up, is looking to expand its footprint in global
Read MoreThe world could be about to run low on dollars
The investing world is coming to terms with the election of Donald Trump, and all that it might mean for currencies, stocks and bonds.And as big inves
Read MoreIndus Towers to invest Rs 100 crore to set up 500 sites
Indus Towers, the world?s largest telecom tower provider, will investRs 100 crore to set up 500 new sites that merge with surroundings, across India w
Read MoreGold slides as market looks to Fed rate rise
Gold prices fell on Tuesday due to expectations of rising U.S. interest rates and a higher dollar and improving sentiment for global economic growth,
Read MoreDemonetisation exercise could hit banks? profits in third quarter
Banks? profitability could take a hit in the October-December quarter due to a host of factors linked to the high denomination Rs. 500 and Rs. 1,000 b
Read MoreSteel feels the pinch of demonetisation as demand withers
Economic forecasters are no soothsayers. Their projections are prone to go wrong if the government makes out-of-the-blue interventions such as the rec
Read MoreLoan growth at double digits in September quarter
Deposit expansion of scheduled commercial banks (SCBs) stood at 12.9 per cent while credit (loan) growth was at 12.1 per cent for the quarter ended Se
Read MoreSamsung Electronics heading for a split
Samsung Electronics didn?t quite come out and actually say it, but South Korea?s most valuable company is probably going to split as soon as next year
Read MoreOil falls as Iran and Saudis harden stance on output cuts
Oil fell below $45 in New York as an Opec deal to curb output appeared in jeopardy after Iran and Saudi Arabia failed to bridge differences.Futures tu
Read MoreDemonetisation: How note ban is spoiling start-ups' business
India?s start-ups have seen a drop in their business in the past three weeks since the government?s move to demonetise high-value notes. But, they hav
Read MoreChina 'green' sector seen growing to 3 percent of GDP by 2020: official
China expects the output value of its energy saving and environmental protection industry to rise from 4.5 trillion yuan ($653 billion) last year to m
Read MoreGrowth stalling would be biggest risk to Europe's economy: ECB's Draghi
Stalling recovery would be the greatest risk facing the euro zone's economy, the head of the European Central Bank said on Monday, underscoring, befor
Read MoreSecond estimate of US Q3 gross domestic product up 3.2%, vs 2.9% prior estimate
The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, buoyed by strong consumer spendi
Read MoreFPI holding in BSE-200 cos rises to $337 bn in July-Sept quarter
Foreign Portfolio Investors (FPIs) have raised their stake in BSE-200 companies to $337 billion during July-September quarter and heavy buying was see
Read MoreGross NPAs of PSBs jump Rs.80,000 cr. in July-September
Public banks have seen an increase of almost Rs.80,000 crore in gross non-performing assets (NPAs) in the three months ended September 2016.As on Sept
Read MoreBSNL?s operating profit jumps six-fold to Rs 3,855 cr in FY16
State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported nearly six-fold jump in operating profit during 2015-16 at Rs 3,855 crore from Rs 672 crore i
Read MoreStayzilla logs 4-fold jump in losses to Rs 95 cr; however, inks 3-fold jump in revenues to Rs 13.8 cr
Inasra Technologies, which operates home and hotel aggregator Stayzilla, on Tuesday reported a more than four-fold jump in its losses at R95 crore for
Read MoreTata Power Q2 net profit at Rs 336 crore
Tata Power today posted a consolidated net profit of Rs 336.2 crore for the quarter ended on September 30, 2016, on better performance by key Indian s
Read MoreInflation is expected to moderate further: Dun & Bradstreet
Low consumer demand and expected moderation in money supply owing to demonetisation is likely to exert downward pressure on inflation, says a report b
Read MoreGovernment likely to meet next year's 3% fiscal deficit goal: BofA-ML
Government is expected to meet its fiscal deficit target of 3 per cent for the next financial year on account of additional revenue from penalty on bl
Read MoreDemonetisation hits MSMEs hard, output plunges to 50% of capacity; labour unrest fears haunt sector
With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of R500 and R1,000 notes
Read MoreNotes ban: Fitch cuts India's FY17 growth forecast to 6.9%
Fitch Ratings today lowered India's GDP growth forecast for this fiscal to 6.9 percent from 7.4 percent, saying there will be "temporary disruptions"
Read MoreSebi Puts In Place Disclosure Norm For Infrastructure Investment Trusts
Putting in place a few more disclosure norms for Infrastructure Investment Trusts (InvITs), Sebi today asked such entities to inform stock exchanges a
Read MoreICICI Bank, Axis Bank cut interest rates on deposits of Rs 1 cr by 55 bps to 6%
ICICI Bank on Tuesday effected a 55-basis point (bps) cut in interest rates on deposits of more than R1 crore with maturities of one year to 6%.On it
Read MoreMorgan Stanley slashes Flipkart value from $15 bn to $5.5 bn within 18 mth period
Homegrown e-commerce major Flipkart saw its valuation slashed to $5.54 billion after Morgan Stanley, one of its mutual fund investors, marked down the
Read More'Indian equity market poised for double digit returns in 2017'
The Indian equity market is exiting the low return trap and equities are likely to deliver 15 per cent return in rupee terms next year, says a Morgan
Read MoreCome clean, pay 50%; caught hiding, lose 85%
Three weeks into the dramatic demonetisation move, the Narendra Modi government is pulling out yet more big guns in the battle against black money. On
Read MoreKnowlarity raises $20 million
Knowlarity, a leading cloud communications platform in emerging markets across Asia, has raised $20 million in a Series C round. Dubai-based private e
Read MoreUttar Pradesh is country's top mobile manufacturing state
Uttar Pradesh has emerged as mobile manufacturing hub in the country accounting for around half of mobile devices production capacity in the country,
Read MoreFour-fold jump in fixed-income fund inflows
Fixed-income funds have witnessed a four-fold increase in net inflows this year, according to data published by the Association of Mutual Funds in Ind
Read MoreIndian Bank cuts deposit rates
Indian Bank has cut interest rates on most retail deposit buckets by 50-75 basis points, effective today, data on the lender?s website showed. The sta
Read MoreUS-based start-up plans to set up R&D centre in Chennai
Kinvey, a US-based start-up providing mobile development platforms, plans to set up a research and development centre in Chennai to focus on data secu
Read MoreDemonetisation effect: jewellery demand plunges 80%
Gold jewellery demand has fallen 80 per cent since demonetisation was announced on November 8 despite the on-going peak marriage season.The fall in de
Read MoreDownloading videos, books from foreign websites will attract tax in GST regime
Online and digital transactions, including those such as hailing cabs through an online aggregators are likely to fall under goods and services tax (G
Read MoreAs tractor customers queue up before banks, M&M heads to fields
Mahindra & Mahindra is working out a plan to help its tractor and commercial vehicle customers hit by the Centre?s demonetisation move. This will also
Read MoreTata to sell UK speciality steels business in ?100m deal
Tata Steel has agreed to sell its speciality steels business in northern England for ?100m to Liberty House, the metals company run by tycoon Sanjeev
Read MoreExcise duty exemption for PoS devices
In what is seen as yet another big push of the Modi-led government towards digital economy, the Centre has provided excise duty exemption on Point-of-
Read MoreFIIs say no to short-term capital gains
Foreign institutional investors (FIIs) have written to the finance ministry and the Securities and Exchange Board of India (Sebi) demanding short-term
Read MoreIndustrial production expected to see mild upturn in October
Industrial production in the country is expected to see only a mild upturn in October despite it being a festival season while coming months will see
Read MoreChina approves $36 billion rail project
The country's top economic planning agency has approved a 247 billion yuan ($36 billion) plan to better connect Beijing to the port city of Tianjin, a
Read MoreOpec makes last-ditch bid to save oil deal as tensions grow
Oil climbed as Iraq?s oil minister said it pledged to cooperate with Opec to reach an agreement this week that?s acceptable to all members.Futures ros
Read MoreRBI relaxes cash withdrawal rule
The Reserve Bank of India (RBI) has now said people depositing money with banks in legal tender (meaning, not in the now-banned Rs 500 and Rs 1,000 no
Read MoreEssel Group?s growing appetite for acquisitions
ON NOVEMBER 11, Essel Group?s Dish TV announced it was merging with Videocon d2h On the same day, Essel Finance acquired Peerless Mutual Fund ON NOVEM
Read MoreReliance Jio Crosses 50-Million Subscriber Milestone in 83 Days
Mukesh Ambani-promoted Reliance Jio has crossed the 50 million subscriber mark in less than three months after its full-fledged 4G services launch to
Read MoreAirtel revenue market share at 7-year high; pips Vodafone, Idea in data rollouts
Sunil Mittal-led Bharti Airtel revenue market share (RMS) hit a 7-year high at 33% in the July-September quarter despite having to roll in with a mont
Read MoreBarclays nets less than expected from Asia wealth business sale
Barclays (BARC.L) completed the sale of its Singapore and Hong Kong wealth management businesses for a less-than-expected $225 million (181.06 million
Read MoreChina mulls overseas dealmaking curbs amid M&A spree
China plans to implement sweeping curbs on overseas dealmaking by the nation?s companies, people with knowledge of the matter said, as a record outbou
Read MoreGlobal economic agency urges more infrastructure spending
An international economic agency said Monday that the kind of infrastructure spending promised by U.S. President-elect Donald Trump could boost globa
Read MoreEuro zone recovery to continue thanks to ECB stimulus: Draghi
The euro zone recovery has withstood economic and political uncertainty and its recovery expected to continue, partly thanks to the European Central B
Read MoreSebi issues norms for bourses, clearing corporations at IFSCs
Markets regulator Securities and Exchange Board of India (Sebi) on Monday issued a new framework for functioning of stock exchanges and clearing corpo
Read More'Total premium of insurance ind may reach Rs 26 trn by 2020'
Total premium of the overall insurance industry in the country, both life and non-life combined, is projected to reach Rs 26 trillion by 2020, a repor
Read MoreEPFO invests Rs 9,723 crore in ETF till Oct 31: Government
Employees' Provident Fund Organisation (EPFO) has invested a total of Rs 9,723 crore in exchange traded funds as on October 31 this year and the absol
Read MoreBest Emerging-Market Bonds Jolted as India?s RBI Drains Cash
Indian sovereign bonds slumped the most in 15 months on concern demand for debt will wane after the central bank announced steps to drain funds from t
Read MoreFPIs losing government securities appetite, auction limit not subscribed
The appetite of foreign portfolio investors (FPIs) for government securities (G-Secs) seems to have significantly weakened with the limits at Monday?s
Read MoreICICI Bank to digitise 100 villages
ICICI Bank on Monday announced an initiative to digitise 100 villages in as many days to enable smoother commercial transactions in the wake of demone
Read MoreEmbraer sees potential in RCS, eyes share in local air space
Brazilian aircraft maker Embraer is eyeing the regional aviation market, which is expected to get a big push amid the Government?s plans to provide ai
Read MoreDemonetisation windfall for consumers: Flipkart, Amazon offer big discounts up to 20%
After witnessing drop in sales post-demonetisation due to curbs on cash-on-delivery orders, online retailers are providing various deals and discounts
Read MoreAbbott India Q2 net profit up 23% at Rs 75 cr
Pharma firm Abbott India today reported a 22.66 per cent rise in standalone net profit at Rs 75.02 crore for the quarter ended September 30, mainly on
Read MoreGujarat seeks Rs 6,600 cr from Centre for GSPL gas projects
After state-owned GAIL India Ltd, Gujarat government has sought Rs 6,600 crore from the Central government to partly fund two gas pipeline projects of
Read MoreCRR hike necessary to manage excess liquidity: DEA secretary
The government on Monday defended the Reserve Bank of India?s decision to mandate banks to maintain 100% cash reserve ratio (CRR) on incremental depos
Read MoreIndian economy grew 7.1% in first half of FY17: Sitharaman
India's economy grew at 7.1 per cent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister
Read MoreGovt's public debt inches up 3 pc in Sept quarter
The public debt of the central government rose 3 per cent in the July-September quarter compared to the previous quarter. "The Public Debt (excluding
Read MoreBofA, Morgan Stanley cut GDP outlook over notes ban
Bank of America Merrill Lynch on Monday trimmed India?s economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal as demonet
Read MoreChina October services trade deficit $20.9 billion: Foreign exchange regulator
China's trade deficit in services narrowed to $20.9 billion in October from $23.3 billion in September, the foreign exchange regulator said on Monday.
Read MoreDemonetisation: Amidst cash chaos Fintech startup Capital Float opens its coffers for small merchants
Amidst cash chaos and consequent surge in digital payment due to government?s demonetisation drive, a Bangalore based digital lending firm for small a
Read MoreGoing cashless: Rising currency-GDP ratio key impediment
As calls for going cashless grow louder in India, a key challenge being faced globally is to check the continuing rise in the total value of currency
Read MoreIndian economy grew 7.1% in first six months of current fiscal
India's economy grew at 7.1 per cent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister
Read MoreIndia's trade deficit with China rises to $53 billion in FY16
India's trade deficit with China increased to USD 52.69 billion in 2015-16 from USD 48.48 billion in the previous financial year, Parliament was infor
Read MoreTata Sons' shareholders discord may hit group cos: S&P
S&P Global Ratings today said the continuing discord between the shareholders of Tata Group holding firm Tata Sons Ltd, has created uncertainty at the
Read MoreLess paper work for customs clearance from December 1
The Finance Ministry today said the customs department is moving towards a paperless regime and doing away with submission of certain documents physic
Read MoreGovernment removes excise duty on Point of Sale machine manufacturing
Government today removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compel
Read MoreCRR hike: Crisil says forget rate cuts by banks for now
Reserve Bank's latest move to soak up the entire surplus liquidity between September 16 and November 11 through incremental cash reserve ratio (CRR) w
Read MoreRevlon plans 100 exclusive outlets by 2017-end
Colour cosmetics and personal care brand Revlon India plans to have 100 exclusive outlets by the end of next year and is targetting 20 per cent of its
Read MoreMutual funds pour Rs 10,000 cr in equities in November
Mutual fund managers have pumped in close to Rs 10,000 crore in equities this month so far amid weakness in the stock markets.With this, the total fun
Read MoreEcomm Cos Need to Register in States under GST
Ecommerce players such as Amazon and Flipkart would be required not just to collect tax at source but also register in each state under the proposed g
Read MoreImprove policy response in wheat
The country is at the risk of a ?wheat shock?. Prices of wheat have escalated over the last two months ? from around 1,750 a quintal to over ?2,000 a
Read MoreWhy Re fall is no help to exporters
Thanks to the demonetisation of Rs. 500 and Rs. 1,000 notes, the rupee has fallen to Rs. 68.52 from Rs. 66.5 on November 9 ? or, 3 per cent in less th
Read MoreNo future for jobs in the info-tech sector
The IT sector, country?s largest private sector employer with a total headcount of 3.7 crore, may not offer as many jobs in the years to come.Business
Read MoreDemonetisation: 55% of cash returned to SBI from beyond urban hubs
At least half or a bit more of the money people deposited after demonetisation in banks might be coming from rural and semi-urban India. State Bank of
Read MoreChina Industrial Profits Accelerate as Factory Prices Increase
Profit at industrial companies in China accelerated last month as prices recovered.Industrial profits rose 9.8 percent in October from a year earlier
Read MoreShenzhen connect offers Chinese stocks. Will the world buy?
Global investors in two weeks will get direct access for the first time to the stock market in the Chinese city of Shenzhen, giving them a chance to b
Read MorePepperfry plays contrarian, sticks to discounts to drive business
Goldman Sachs backed furniture marketplace, Pepperfry wants to play contrarian to the prevailing mood of e-commerce firms that are cutting down on dis
Read MoreCPPIB strikes largest deal in logistics space
In the largest private equity deal in the warehousing and logistics space in the country in recent years, Canadian pension fund manager Canada Pension
Read MoreBond yields to rise on incremental CRR
The yields on government bonds might shoot up by 15-20 basis points in early trades in the bond market on Monday, as a reaction to the Reserve Bank of
Read MoreGST now likely on movies, music from foreign sites
If you download a movie or music item from a foreign site, such as A pp lei Tunes, your bill will rise due to the proposed goods and services tax, if
Read MoreRBI to ease genuine pain of citizens: Patel
Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel today said the central bank is monitoring the situation on a daily basis
Read MoreEight years later, India Inc more vulnerable
Corporate India and banks are much less prepared for an economic slowdown than they were on the eve of the 2008 global financial crisis based on key r
Read MoreBoE's Mark Carney in secret talks to keep the UK in single market until 2021
Bank of England governor Mark Carney is reportedly working on a plan to keep the UK in the single market for at least two years after Britain leaves t
Read MoreCoal India's supply to power sector dips 4 pc in Apr-Oct
State-run Coal India's fuel supply to the power sector witnessed a decline of 3.7 per cent to 216.5 million tonnes during the April-October period thi
Read MoreAir India has 'great expansion plans': Lohani
Embarking on "great expansion plans", Air India will start direct flights to Madrid from December 1 apart from planning to have six more new connectio
Read MoreDemonetisation: RBI allows banks to deposit old currency notes in district chests
The Reserve Bank of India (RBI) has allowed lenders to park old 500 and 1,000 rupee currency notes in currency chests at the district level in view of
Read MoreIn strategic push Narendra Modi government using note ban to boost financial inclusion
The Centre is using demonetisation as an opportunity to push its financial inclusion initiative. In two separate communications on November 25, top ce
Read MoreNSE to auction investment limits for Rs22,171 crore govt bonds
Leading bourse National Stock Exchange (NSE) will on Monday auction investment limits for overseas investors for purchase of government debt securitie
Read MoreFY17 target to slip by at least a third
Whenever the minister of road transport and highways Nitin Gadkari was asked if his target to accelerate the road construction to 40 km/day for FY17 w
Read MoreI-T department asks IDS declarants to pay tax by November 30
With the last date for payment of tax instalment under IDS drawing close, the Income Tax Department today warned declarants that non-payment of first
Read MoreNotification No.RBI/2016-17/160
Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
Read MoreNotification No.RBI/2016-17/159
Reserve Bank of India Act, 1934 ? Section 42(1A) Requirement for maintaining additional CRR
Read MoreIncome Declaration Scheme 2016 Grievance regarding non-acceptance bybanks of payments under IDS, 2016 through ITNS-286
Publish Date : Friday, November 25, 2016
Accepting payment under IDS 2016
Publish Date : Monday, November 28, 2016
P-Notes investments fall to 30-month low at 2 lakh crore in October
Investments in domestic capital markets through participatory notes (P-Notes) fell to its lowest level in two-and-half years to Rs 2 lakh crore in end
Read MoreMarginal rise in professional tax collection in 2015-16
Collection of professional tax in Maharashtra has registered a marginal rise of just Rs three crore in last financial year. According to gross receipt
Read MoreNo service charge on debit card & smartphone transactions till Dec 31, says government
To encourage widespread usage of digital payments post demonetisation, the government today said no transaction charges will be levied on debit cards
Read MoreECB needs to continue supporting the euro zone economy: Top officials
The European Central Bank needs to continue supporting the euro zone economy with its ultra-loose policy, two of its top officials said on Monday, cem
Read MoreCanadians' well-being trails economic growth, study finds
The gap between the country's economic health and Canadians' well-being has widened over a two-decade period, according to a report released Tuesday.
Read MoreThe Brexit economy: remarkable resilience as spectre of inflation looms
The chancellor, Philip Hammond, has been given a boost ahead of his maiden autumn statement by a Guardian analysis showing the economy continues to co
Read MoreAutumn Statement: UK economy since last Osborne Budget
The last time a chancellor stood at the despatch box to deliver a financial statement, it was George Osborne unveiling his Budget, months before the E
Read MoreBrokers to get I-T notices in client code changes case
The case of client code changes in the stock market is set to haunt stock brokers again. The income tax (I-T) department is preparing to send notices
Read MoreMobile wallet market to touch RS 30,000 cr by 2022
The Indian m-wallet market is expected to grow at a compounded annual growth rate (CAGR) of 141 per cent to reach RS 30,000 crore by the end of 2021-2
Read MoreHero Cycles plans to set up global design centre in UK
Bicycle maker Hero Cycles today announced plans to set up a high-tech global design centre in Europe with an objective of developing next generation b
Read MoreBritannia Industries opens R&D centre, manufacturing unit near Bengaluru
Britannia Industries has opened an R&D centre and a manufacturing unit in Bidadi, near Bengaluru entailing an investment of Rs 200 crore. The centre h
Read MoreL&T Q2 profit leaps 84% on one-time divestment gain
Engineering and construction major Larsen & Toubro (L&T) clocked 84 per cent increase in net profit for the second quarter ending September 30, due to
Read MoreRBI doubles prepaid payment instruments limit to Rs 20,000
With the public facing cash crunch, RBI yesterday introduced special dispensation for small merchants and doubled the limit of semi-closed Prepaid Pay
Read MoreOld notes not valid for small savings schemes
The finance ministry on Tuesday said Rs 500 and Rs 1,000 notes cannot be used for making deposits in small savings schemes. Since the demonetisation a
Read MoreIndian e-commerce industry's losses may swell on Amazon's $ 1 billion loss this year
Amazon's losses in India are expected to swell to $1 billion by the end of the fiscal as the company burns money on expanding its service to beat mark
Read MoreFMCG sales growth declines further in September quarter
The growth rate of sales of fast-moving consumer goods (FMCG) slowed down further to 4% in the September quarter from 6% in the June quarter, accordin
Read MoreIndian wealth falls 0.8% to $3 trillion in 2016: Credit Suisse
Hit by adverse currency movements, India's household wealth has fallen by USD 26 billion to USD 3 trillion in the current year, shows the latest repor
Read MoreSebi board to give a fillip to angel funding
The Securities and Exchange Board of India (Sebi) is expected to take a series of steps to encourage angel investments and boost the start-up ecosyste
Read MoreAbout 80 items likely on GST exemption list
About 80 items are likely to make it to the exemption list under the proposed goods and services tax (GST), including grains, green coconut, poha, unp
Read MoreBanks park a record Rs 4.32 lakh crore with RBI
Already strained meeting the pressure of supplying fresh notes to banks, the Reserve Bank of India (RBI) is now seeing its balance sheet getting impac
Read MoreIBM invests in UK data centres as tech sector defies Brexit worries
Global IT group IBM (IBM.N) will triple the number of its cloud data centres in Britain, it said on Tuesday, joining Facebook and Google in investing
Read MoreOil price closes in on $50 ahead of Opec meeting
The oil price came within 40 cents of the important $50 a barrel threshold in Asian trading overnight as optimism grew for a cut in Opec production to
Read MoreIndia?s steel production growth rate highest among major producers
Even as global steel output saw a 0.1% contraction during the first 10 months of the current year, India?s production growth rate remained not just in
Read MoreScrap gold supply to halve in India as cash crunch bites
Scrap gold supplies in India, the world's second-biggest consumer of bullion, are likely to halve this quarter as the cash crunch and falling prices m
Read MoreSince demonetisation announcement, bond yield declines nearly 50bps to 7-yr low
The yield on the 10-year benchmark bonds closed at 6.32% on Tuesday, nearly 50 basis points lower than their close on November 8, the day demonetisati
Read MoreOla?s Bhavish Aggarwal says looking to break-even in 2 years
Ola, India?s leading cab aggregator, is looking to achieve break-even numbers in another two years as it scales up its operations, founder and CEO Bha
Read MoreBirla Corp Q2 net profit up over 2-fold at Rs 58.43 crore
Birla Corporation, the flagship company of the M P Birla Group, today reported an over two-fold jump in standalone net profit at Rs 58.43 crore for th
Read MoreBanks integrating systems with RBI, GSTN to collect GST, says Finance Minister Arun Jailtley
Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax r
Read MoreNational Payments Corp honcho says demonetisation powered big jump in RuPay card use
The demonetisation of currency notes with a value of R1,000 and R500 should result in more digital transactions says AP Hota, managing director, Natio
Read MoreIndia to get Swiss bank a/c data from Sept 2018 onwards
In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank acc
Read MorePM Modi seeks views of people on demonetisation
As opposition continues to attack the government+ in both houses of Parliament over the currency ban, Prime Minister Narendra Modi on Tuesday asked th
Read MoreGerman Ifo business climate unchanged in Nov, unfazed by Trump
German business morale was unchanged in November, a survey showed on Thursday, suggesting company executives are still optimistic about the growth pro
Read MoreAutumn Statement shows cost of casual work 'gig economy'
Wednesday's Autumn Statement for the first time showed how it is cutting into the government tax take. The Office for Budget Responsibility (OBR) esti
Read More'In Mumbai, retail business is suffering daily by Rs 325 crore'
The demonetisation drive, in its second week, has left the retail sector bleeding. Shopkeepers are finding it increasingly difficult to sustain busine
Read MoreJSW planning to make electric cars: Sources
JSW Group plans to diversify into electric car manufacturing, two sources told Reuters, as the Modi government boosts support for non-polluting vehicl
Read MoreZara's recipe for success: More data, fewer bosses
Deep inside a sprawling glass-and-cement edifice, the size of an airplane hangar in the Spanish town of Arteixo, 10 designers swarm around a model dre
Read MoreSetback for Cyrus Mistry as TCS, Tata Steel old guard back Ratan Tata
A day after ousted Tata Sons chairman Cyrus Mistry made the shocking revelation that Ratan Tata had tried to sell Tata Consultancy Services (TCS) to I
Read MoreTelenor partners with Teradata for effective use of analytics
Indian arm of Norwegian telecom firm Telenor on Wednesday partnered with Teradata for the telecom operator to utilize analytics effectively in order t
Read MoreCBDT signs 4 more unilateral APAs with taxpayers
The Central Board of Direct Taxes (CBDT) has signed four more unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce
Read MoreRFID chips must for all new vehicles
The government has told vehicle makers to provide e-payment enabled digital identifiers in all new vehicles to facilitate quick payment of toll taxes
Read MoreCommodity rally adds to manufacturers' worry
After a long slump, commodity prices have started to rally once again. While higher spending by the US on infrastructure and the stabilising Chinese e
Read MoreSebi tightens promoter-investor profit sharing rules
Securities and Exchange Board of India has tightened corporate governance rules on profit-sharing deals between promoters of companies and investors s
Read MoreHealth insurers pip non-life segment in premium growth
Standalone health insurers have posted a higher rate of premium growth than the non-life insurance segment. According to data from the Insurance Regul
Read MoreKidzania to expand India play with park in Bengaluru
Having set up two facilities in India, Mexican edutainment theme park KidZania is game for expanding to a third city and considers the country its fas
Read MoreTVS Motor launches app to provide service facility
Two and three wheeler manufacturer TVS Motor Company has launched a mobile application to help customers enhance their riding experience."IRIDE is an
Read MoreAirtel Payments Bank goes live with pilot project in Rajasthan
Airtel Payments Bank, a subsidiary of Bharti Airtel, on Wednesday rolled out a pilot of its banking services in Rajasthan, becoming the first payments
Read MoreSBI slashes bulk deposit rates by up to 1.9%
State Bank of India has lowered rates on bulk deposits between 125 and 190 basis points or bps (one bps is 0.01%) across various maturities, paving th
Read MoreGold dips, hit by dollar ahead of Fed minutes
Gold edged lower on Wednesday, weighed down by a strong dollar, though some analysts said that bullion could receive support from European political r
Read MoreBank deposits increase by Rs. 1,32,747 crore
Bank deposits jumped more than six times by Rs. 1,32,747 crore in the fortnight ended November 11.This is compared to an increase of Rs. 20,843 crore
Read MoreDelay in releasing new Rs. 500 notes adds to cash crunch
Delay in bringing new Rs. 500 notes into circulation is aggravating cash crunch, according to bankers.According to sources in the Reserve Bank of Indi
Read MoreCab aggregator Zyppys raises Rs. 2 cr from Team USA Ventures
Zyppys, a cab aggregator targeting inter-city traffic and holiday crowds, has raised an angel investment of Rs. 2 crore from US investment firm Team U
Read MoreNabard to allocate RS 21,000 cr for district coop banks
Hoping to offset the impact of the demonetisation of high value currency notes, the government on Wednesday announced fresh measures to benefit farmer
Read MoreEuro zone business grows at fastest rate this year in November ? PMIs
Euro zone business expanded at the fastest rate this year in November, thanks to strong activity at manufacturers and a spike in new orders, even as f
Read MoreOPEC to debate oil output cut next week but Iraq, Iran hesitate
OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's success hinges on an ag
Read MoreSebi allows FPIs to invest in unlisted corporate bonds
With an aim to deepen capital markets, regulator Sebi on Wednesday decided to permit FPIs to invest in unlisted corporate debt securities and securiti
Read MoreSebi boosts start-up funding, relaxes rules for angel funds
Seeking to give a fillip to start-up funding, capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday relaxed its rules f
Read MoreP-Notes investments fall to 30 month low at 2 lakh crore in Oct
Investments in domestic capital markets through participatory notes (P-Notes) fell to its lowest level in two-and-half years to Rs 2 lakh crore in end
Read MoreNBFCs? loan share may rise by 300 bps in next 3 fiscals: Crisil
Non-banking financial companies (NBFCs) will raise their share of overall loans by 300 basis points (bps) to 17.6% in the next three fiscals, ratings
Read MoreMFIs may face asset quality pressure: Icra
While relaxation in asset classification norms for additional 60 days allowed by the RBI handed some short-term reprieve to the microfinance instituti
Read MoreDeposits grow by R1.3 lakh cr during Oct 28-Nov11, non-food credit slows
Deposits with Indian banks rose by R1.31 lakh crore, or 1.3%, between October 28 and November 11, according to data released by the Reserve Bank of In
Read MoreDemonetisation boosts surplus cash with banks 275 per cent
Surplus cash with banks ? deposits and borrowings that they retain after lending and investing ? shot up by 274.6% to a record high of over R2.47 lakh
Read MoreInfosys invests Rs 31.6 cr in VC fund Stellaris Venture Partners
This investment from its innovation fund, will help Stellaris back entrepreneurs building applications for global businesses, SMBs and consumers in ve
Read MoreSun Pharma to acquire 85% stake in Russia's Biosintez
The country's largest drug firm Sun Pharma today said it has signed definitive agreements to acquire 85.1 percent stake in Russia-based JSC Biosinte
Read MoreIdea to expand 4G services to 20 circles this fiscal
Telecom operator Idea Cellular has said that it will continue the rollout of its wireless broadband network, expanding 4G services to 20 circles in 20
Read MoreUber eyes critical mass in India, set to expand further
US- based taxi hailing company Uber on Wednesday said that India has become the second largest market for the company after US and it is looking to ex
Read MoreAfter demonetisation, CarDekho says used car searches slid 27 per cent
Auto portal CarDekho.com has said that there has been a 27% decline in traffic after the government announced the withdrawal of R500 and R1,000 notes
Read MoreIBBI notifies three sets of regulations under Bankruptcy Code
Advocates, chartered accountants company secretaries and cost accountants can serve as insolvency professionals subject to certain conditions, besides
Read MoreWith Nitin Gadkari big targets in sight, NHAI seeks Rs 60,000 cr borrowing limit in FY18
The ministry of road transport and highways has sought a borrowing limit of close to R60,000 crore for the National Highways Authority of India (NHAI)
Read MoreDonald Trump?s plan to dump TPP is against India?s interests; here?s why
US President-elect Donald Trump?s decision to withdraw from the ambitious Trans-Pacific Partnership (TPP) between the US and 11 others and focus more
Read MoreGoldman forecasts deceleration in GDP growth to 6.8% in FY17
Goldman Sachs has forecast a deceleration in India's GDP growth to 6.8 per cent this fiscal, down from 7.6 per cent last financial year, due to demone
Read MoreRupee tanks to 9-month low on strong dollar scare, outflows
Extending its losses for the fourth day, the rupee on Wednesday tumbled by 31 paise to close at fresh nine-month low of 68.56 against the dollar due t
Read MoreZee to acquire Reliance Group TV channels, 49% in radio
Reliance Capital, part of the Anil Ambani-led Reliance Group, has entered into a Rs. 1,900-crore deal with the Subhash Chandra-led Zee group to sell 1
Read MoreJan Dhan surges Rs 15,000 cr in 10 days as money launderers by-pass demonetisation
Jan Dhan accounts, integral to the Modi government?s plan for financial inclusion and direct benefit transfer, were meant to have a transformational r
Read MoreNotification No. 106/2016
Income-tax ( 32nd Amendment) Rules, 2016
Read MoreNotification No.RBI/2016-17/151
Deposit of specified banknotes (SBN) in Small Savings Schemes
Read MoreNotification No.RBI/2016-17/150
Special measures to incentivise Electronic Payments ? (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special
Read MoreNotification No.RBI/2016-17/149
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Specified Bank Notes (SBNs) ? Cash withdrawal for purpose of celebration of we
Read MoreNotification No.RBI/2016-17/148
Making cash available for Rabi Crop Season ? Advisory to banks
Read MoreNotification No.RBI/2016-17/147
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Specified Bank Notes (SBNs) ? Fraudulent Practices
Read MoreItaly?s Banks Are in a Slow-Motion Crisis. And Europe May Pay.
Victor Massiah has grown weary of talk that the Italian banking system is so threadbare and stuffed with terrible loans that it threatens Europe with
Read MoreHUL joins Swachh Bharat with hygiene centre in Mumbai
Hindustan Unilever has built a water, hygiene and sanitation community centre in Mumbai, linking the move to government's Swachh Bharat campaign throu
Read MorePolitics may trigger shift in European economic policy
Slowly but surely, the economic policy tide in Europe is turning, and it may only be a matter of time before Germany is swept up. By adding its voice
Read MoreCorporate India's net profits show healthy growth in Q2 FY17
Out of BSE 500 companies, 291 companies-- excluding BFSI and Oil & Gas companies -- showed clear signs of improvement in bottom line in the second qua
Read MoreGame changer in e-commerce as Flipkart eyes groceries, renewed push in furniture
Country's top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expand
Read MorePaytm clocks Rs 120 cr worth of daily deals post demonetisation
With people being compelled to switch to non-cash mode after the demonetisation move, digital payments company Paytm has been witnessing over 7 millio
Read MoreTaxpayers may be liable for North Sea decommissioning bill, says study
The GMB union said its research suggested an increased financial burden will be placed on the Treasury via tax refunds to oil and gas companies.It als
Read MoreGovernment borrowing falls on record October tax take
The amount borrowed was ?1.6bn lower than for the same month last year. From April to October, the financial year to date, borrowing, excluding state-
Read MoreWheat up 15% in a month as traders build inventory
Wheat prices have risen over 15% in one month due to a spurt in stockists? demand ahead of rabi sowing. Stockists do not rule out a further price rise
Read MoreForeign institutional investors sell $1.5-bn equity this month
Foreign Institutional Investors (FIIs) and foreign portfolio investors (FPIs) have sold equity shares worth over $1 billion in the past six trading da
Read MoreIndia set to consume $80 billion worth of mobile components in five years
India, the second largest global smartphone market in terms of users, is on track to consume $80 billion worth of mobile components by 2021, according
Read MoreSC restrains NDMC from auctioning Taj Mansingh
Indian Hotels Company Ltd (IHCL) will continue to run Taj Mansingh hotel in the national capital for now as Supreme Court on Monday ordered to maintai
Read MoreGovernment plans phased development of coastal economic zones
The Narendra Modi-led government has begun the mammoth task of port-led development through coastal economic zones (CEZs) across all the nine maritime
Read MoreProject cashless: PMO asks Prasad, Goyal to brainstorm
The Prime Minister?s Office (PMO) has asked Ravi Shankar Prasad, Minister of Electronics and Information Technology (MeitY), and Piyush Goyal, Ministe
Read MoreGDP growth to drop to 5.5% in FY17: govt sources
The Narendra Modi government is bracing itself for a sharp decline in the manufacturing sector in the coming months, as also in consumer demand. The g
Read MoreHyundai India eyes 10 m production mark by 2021
Hyundai Motor India Ltd (HMIL), the second largest car brand in India, plans to produce about three million vehicles over the next five years to reach
Read MoreBoardroom war: Now, Nusli Wadia slaps defamation notice on Tata Sons
Nusli Wadia, chairman of Wadia group of companies and an independent director on the Tata Steel, Tata Motors and Tata Chemicals boards, sent a defamat
Read MoreJSW Steel plans to restart coking coal mining in US
JSW Steel plans to restart coking coal mining in the US following sharp rise in prices during the last few months.Spot coking coal prices have more th
Read MoreAmazon India headed for $1 b loss in FY17
Amazon India?s losses are likely to rise to $1 billion by the end of this fiscal (FY17) even as the e-commerce behemoth continues to pump in millions
Read MoreDemonetisation to yank down Q2 growth by 40 bps to 7.2%: Icra
Citing debilitating impact of the demonetisation drive on the economy, domestic rating agency Icra on Monday forecast a 40 bps dip in growth rates to
Read MoreIndia aims to boost low-grade coal sales while global prices high
India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global
Read MoreIndia Seeks Manufacturing Jobs as Phone Market Takes Off
Prime Minister Narendra Modi has struggled in his campaign to bring more manufacturing jobs to India. But he now has an alluring incentive for technol
Read MoreExclusive: China's Anbang may buy $2.3 billion in Japanese property from Blackstone - sources
China's Anbang Insurance Group Co [ANBANG.UL] is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group
Read MoreSymantec to Buy LifeLock for $2.3 Billion to Add ID Security
Symantec Corp., one of the world?s largest cybersecurity companies, agreed to buy LifeLock Inc. for about $2.3 billion including debt to expand in ser
Read MoreUK's May courts business seeking to avoid Brexit exodus
Prime Minister Theresa May set out plans to get big business behind her Brexit strategy on Monday, toning down plans to put workers on company boards
Read MoreIsraeli technology to revolutionise diamond industry in India
An Israeli company has invented a machine, currently undergoing advanced large-scale testing in India, that it claims instantly grades the clarity of
Read MoreDemonetisation hits Gujarat hard; Saurashtra set to be worst-hit
The Saurashtra region is likely to be worst affected as it has the primary market yards where farmers sell their produce before it is picked up by tra
Read MoreBan period for blacklisted defence companies reduced to five years
In its new policy for penalties on defence companies for indulging in corrupt practices, the government had reduced the ban period for serious default
Read MoreDemonetisation drive to make groundnut oil more expensive? Check this out
Production of groundnut oil in Gujarat, which accounts for 40% of the total production in India, has fallen drastically, with most of the 200 units in
Read MoreU.S. stocks climb to record high amid crude surge
U.S. stocks were set for the highest closing level on record, led by energy companies, as oil jumped on optimism OPEC will agree to cut output. The do
Read MoreRBI intervenes heavily to avert a sharp fall in the rupee
The Reserve Bank of India is suspected to have intervened heavily to curb the rupee's sharp slide on a day when overseas investors sold local securiti
Read More'Lack of cash will push digital transactions'
As Indians embark on the painful demonetisation drive, digital payments company MasterCard says that lack of cash in the system will give a major push
Read MoreATMs upgrading fast may help avoid salary crunch
More than a third of India's 202,000 automated teller machines (ATMs) have been recalibrated to dispense new Rs 500 and Rs 2,000 currency notes, which
Read MoreIndian companies to see strongest profit growth over 18 months:Moody's
Moody's Investors Service today said Indian businesses will see strongest profit growth over the next 12 to 18 months on the back of sustained economi
Read MoreRBI sets stiff riders for Rs. 2.5 lakh withdrawal for weddings
The RBI on Monday imposed stiff conditions for withdrawal of up to Rs 2.5 lakh in cash from bank accounts for marriages, saying the money can be withd
Read MoreRBI allows Rs 50,000 withdrawal a week from overdraft accounts
Following the demonetisation of high value notes, the RBI on Monday further relaxed cash withdrawal norms, permitting overdraft and cash credit accoun
Read MoreAxis Bank, Punjab National Bank, others cut fixed deposit rates as demonetisation cash pours in
With money pouring in owing to the demonetisation of Rs 500 and Rs 1,000 currency notes, banks continue to cut deposit rates. On Monday, the country?s
Read MoreDemonetisation: RBI gives borrowers 60 more days to repay loans
The Reserve Bank of India (RBI) on Monday allowed banks, non-banking financial companies (NBFCs) and district central co-operative banks to retain the
Read MoreIndia?s Trump card: US investments in India to rise even as those in China fade
In all his speeches, president-elect Donald Trump has expressed good sentiments for India. While, he has developed a relationship with president Vladi
Read MorePaytm hits $5 billion GMV, clocks Rs 120 crore worth of daily deals
With people being compelled to switch to non-cash mode after the demonetisation move, digital payments company Paytm has been witnessing over 7 millio
Read MoreAt Maruti Suzuki, Alto, Swift, Dzire take backseat as top-end models rev-up sales
With high-priced products such as compact hatchbacks, utlity vehicles and mid size sedans becoming more popular with customers, Maruti Suzuki?s tradit
Read MoreDemonetisation drive hits used cars, CVs, tractors sales
Demand for used cars, commercial vehicles and tractors has come down significantly following the demonitisation of R1,000 and R500 notes with several
Read MoreFDI jumps 60% after launch of Make in India in Sept 2014
FDI went up 60% to $77.86 billion after the launch of Make in India initiative in September 2014, the government on Monday said.Commerce and Industry
Read MoreInsolvency & Bankruptcy Code may help unlock Rs 25K cr NPAs: Report
Effective implementation of Insolvency and Bankruptcy Code can potentially release about Rs 25,000 crore capital over next 4-5 years currently locked
Read MoreDemonetisation cash crunch: Centre unveils new measures to reduce pain
While Opposition parties of disparate ideologies on Monday flocked together to mount a concerted attack on the government in Parliament on the people?
Read MoreCircular No.53/2016-Customs
Regarding clearance of import of metal scrap-Procedure
Read MoreNotification No. 52/2016-Customs (ADD)
Seeks to levy anti-dumping duty at modified rates on 4, 4 Diamino Stilbene 2, 2 Disulphonic Acid (DASDA) originating in or exported from People?s Repu
Read MoreNotification No. 105/2016
?Income-tax (31st Amendment) Rule, 2016
Read MoreNotification No.RBI/2016-17/146
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Revisions
Read MoreNotification No.RBI/2016-17/145
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Specified Bank Notes (SBNs) ? Cash withdrawal for purpose of celebration of we
Read MoreNotification No.RBI/2016-17/143
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Read MoreNotification No.RBI/2016-17/142
Withdrawal of Legal Tender Character of Specified Bank Notes ? Cash Withdrawal Limit
Read MoreNotification No.RBI/2016-17/141
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Revision in limits
Read MoreIncome-tax ( 32nd Amendment) Rules, 2016
Publish Date : Monday, November 21, 2016
Adminissibilty of expenditure incurred by a firm on Keyman Insurance Policy in the case of a Parter
Publish Date : Tuesday, November 22, 2016
Here?s why an entry tax may not solve states? past problems
The Supreme Court last week upheld the levy of entry tax by states. A nine-judge Constitution Bench headed by Chief Justice TS Thakur in a majority ve
Read MoreStates Flag Concerns Over Ban On Old Rs. 500/1000 Notes
A number of states, including West Bengal, Uttar Pradesh and Tamil Nadu, on Sunday raised the issue of demonetisation of 500 and 1000 rupee notes and
Read MoreHow demonetisation of Rs 500, Rs 1000 notes impacts Income-Tax returns
Aiming to combat black money, counterfeit currency notes and corruption, the government demonetised R500 and R1000 notes. Quoting PAN has been made ma
Read MoreDemonetisation:MFs expect Rs 1.5 lakh crore bonanza from HNIs, retail investors
Expecting a surge in investments in financial products post demonetisation, the mutual fund industry is preparing for a huge inflow of nearly Rs 1.5 l
Read MoreDemonetisation: Boost for Amul?s cashless drive
Amidst cash crunch following the Centre?s demonetisation move, the country?s biggest dairy federation Gujarat Cooperative Milk Marketing Federation (a
Read MoreDemonetisation: Liquidity to stay, interest rates may fall further, says SBI
Additional liquidity that is coming into the banking system following demonetisation will not go away in a ?hurry? and may pull down interest rates fu
Read MoreNirmala Sitharaman to discuss impact of demonetisation with exporters
Commerce and Industry Minister Nirmala Sitharaman has called a meeting of export promotion councils and other sector representatives tomorrow to discu
Read MoreGood news for India over critical fiscal deficit target
Tax revenue of the Centre, after the mandatory transfer to states, is expected to exceed the Budget target by at least R 50,000 crore, or close to 5%,
Read MoreSuspect cash deposits: I-T department warns violators will face maximum 7-year jail
Warning people against depositing their unaccounted old currency in someone else's bank account+ , the tax department has decided to slap charges unde
Read MoreRatan Tata-Cyrus Mistry spat doesn't impact our business: JLR
Jaguar Land Rover doesn?t expect any impact on it from the developments at Tata Sons, said the chief executive at Tata Motors? UK-based luxury car uni
Read MoreErdogan says Turkey can spurn EU and join Shanghai Pact
President Recep Tayyip Erdogan says Turkey should not be "fixated" on joining the EU and has reiterated the idea of joining Russia and China in a Eur
Read MoreChinese President Xi Jinping says ties with US at ?hinge moment?
The world's two largest economies are at a "hinge moment" as a new Republican administration prepares to take over in Washington, Chinese President Xi
Read MoreGovernment asks Paytm, Oxigen wallet to digitise rural cash
The government has dialled Paytm and Oxigen Wallet to help digitise cash transactions in rural India. The rural development ministry wants to rope in
Read MoreGST: Centre, states fail to resolve dual control issue
The Centre and states on Sunday failed to resolve the contentious dual control issue as to which set of taxpayer is assessed by whom, making the Novem
Read MoreDemonetisation: Cotton ginners offer sops for bank payments but farmers a worried lot
Cotton ginners are offering higher prices for cotton if farmers accept payments in bank transactions, but there are very few takers. Farmers are holdi
Read MoreIndia's economic growth is expected to fall by up to 1 per cent: HSBC
India's economic growth is expected to fall by up to 1 percentage points over the next 12 months in the wake of demonetisation, while longer-term gain
Read MoreHow demonetisation gives RBI ammo to stabilise a volatile rupee
The Reserve Bank of India may continue to intervene in the currency market to curb volatility as surplus liquidity, triggered by the government?s demo
Read MoreInvestors flock to perpetual bonds for higher rates
The demonetisation scheme has boosted investor demand for perpetual bonds of state-owned banks. Wealth managers said this instrument offers a better a
Read MoreWith GST on the anvil, system ripe for a change: YV Reddy
The timing of the government?s demonetisation move was perfect coming when the goods and services tax (GST) is all set to be implemented, former Reser
Read MoreAs yields dip 30-40 bps, top companies plan to sell bonds worth Rs 20,000 crore
Companies are rushing to borrow cheap money as the government?s demonetisation has triggered significant fall in interest rates, and dealers now expec
Read MoreCement sector may take 15-20% demand hit on demonetization
Post currency demonetisation, the cement sector is likely to witness 15-20% demand drop until December 2016 and subdued 3% growth in the fourth quarte
Read MoreForex sales plummeted over 50% due to demonetisation: Money changers
Demonetisation of high-value notes has led to an over 50 per cent downslide in the average overall forex sales following a sharp crunch of foreign cur
Read MoreJust when things were getting better, automakers hit by cash detour
Demonetisation has badly hit the automobile sector, with demand in Gujarat, Punjab, the National Capital Region and Northeast being worse than the res
Read MoreCash crunch likely to take turn for better, ATM withdrawal limit may be raised from Rs 2,500
As India enters the third week of demonetisation, industry and consumers can expect some good news, as the prime minister said the more than Rs 5 lakh
Read MoreOld Tata aids Ishaat Hussain, N Chandrasekaran lead EGM strategy
Ratan Tata has handpicked two key lieutenants to deliver shareholder votes as attention shifts to the extraordinary general meetings (EGMs) of Tata Gr
Read MorePhilippines Posts Strongest Economic Growth in Asia at 7.1%
Undeterred by risks such as Donald Trump?s protectionist ambitions and President Rodrigo Duterte?s rants against the U.S., the Philippine economy is s
Read MoreGovernment approves Rs 6,068 crore highway projects in 8 states
Government today said it has approved 12 highway projects worth Rs 6,067.9 crore in eight states including Uttar Pradesh and West Bengal. Most of the
Read MoreAir India posts Rs. 246 crore operating loss in April-June quarter
Air India, which turned operationally profitable last fiscal, reported an operational loss of Rs. 246.14 crore in the three months ended June 2016.The
Read MoreWanda unveils US$15 billion tourism project for Xian
Chinese conglomerate Dalian Wanda Group plans to spend 103 billion yuan (US$14.99 billion) on a tourism-focused development and 19 shopping malls in t
Read MoreYellen: Too Soon to Predict Economic Effects of Election
Janet L. Yellen, the Federal Reserve chairwoman, said Thursday it was too soon to predict the economic impact of Donald J. Trump?s election as the nex
Read MoreUK retail sales enjoyed unexpected surge in October
UK retail sales surged far more than economists expected in October as cooler weather boosted spending on winter fashion lines, sending clothing and f
Read MoreWal-Mart Sales Edge Up, Though Profit Falls
Wal-Mart Stores Inc. drew more shoppers to its U.S. stores but the pace of visits slowed and profits fell as the retailer spends heavily to catch up w
Read MoreChina gets USD 98 billion FDI in ten months
FDI in China rose 4.2 per cent year on year to reach around USD 98 billion in the first ten months of the year with service sector attracting massive
Read MoreIran overtakes Saudi Arabia as top oil supplier to India
Iran overtook political rival Saudi Arabia as India?s top oil supplier in October, shipping data showed, just ahead of a producers? meeting this month
Read MoreMF equity folio count rises 20 lakh in Apr-Oct FY'17
Equity mutual funds witnessed an addition of nearly 20 lakh investor accounts or folios in the first seven months of the ongoing fiscal, primarily on
Read MoreSebi eases PAN verification process for FPIs
To ease the PAN verification process at the time of account-opening of FPIs, markets regulator Sebi on Thursday said intermediaries can verify the PAN
Read MoreMFIs likely to face the music, cautions Ind-Ra
With the country?s microfinance industry taking a hit over the ongoing demonetisation process, rating agency India Ratings and Research (Ind-Ra) on Th
Read MoreForeigners Dump Indian Bonds as World-Beating Rally Slows Down
Foreign investors are selling into India?s world-beating bond rally as they seek to reduce exposure to emerging-market assets amid rising odds of a U.
Read MoreIndians outside can buy health, general insurance in forex
Indians living outside can buy health or general insurance in foreign currency irrespective of the currency for settlement claims, the Reserve Bank sa
Read MoreCadila Healthcare to hive off India formulations biz to arm
Drug firm Cadila Healthcare today said its board has approved the scheme to hive off its India human formulations undertaking to the company's subsidi
Read MoreRIL, GE form global partnership for $25 billion industrial IoT biz
Reliance Industries and GE today announced a global partnership to built digital solutions for USD 25 billion worth industrial internet of things (IIo
Read MoreDemonetisation impact: India Inc Q3 earnings to take hit, says report
Corporate profits for the third quarter will be adversely impacted by the Centre's move to demonetise Rs 500 and Rs 1,000 notes with sectors such as a
Read MoreDiamond sales hit hardest in jewellery sector
It seems demonetisation is not the diamond industry?s best friend. Diamond sales have been hit the hardest in the jewellery sector by the government?s
Read MoreBond yield-policy rate gap narrows, points to a rate cut
A policy rate cut looks on the cards as the falling benchmark bond yield has narrowed down the gap with the policy rate, now at 6.25%, after a long ti
Read MoreDemonetisation: PAN card required if combined cash deposits exceed Rs 2.5 lakh till Dec 30
The government has announced a new rule to prevent people from making multiple cash deposits in their bank accounts without quoting the PAN. Till now,
Read MoreIndia's current account deficit to stay at $10.1 bn in FY17: Citigroup
India's current account deficit is expected to stay comfortable at $10.1 billion in this financial year, largely on account of likely demand moderatio
Read MoreAfter State Bank of India, ICICI & HDFC Bank slash deposit rates
Following the country?s largest lender State Bank of India (SBI), banks have begun to cut interest rates on deposits. On Thursday, two large private
Read MorePay income tax dues in advance to avoid last minute rush: RBI
Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the paym
Read MoreIndia, US resolve tax disputes worth Rs 5,000 crore via APA
India and the US have resolved tax disputes of about R5,000 crore through bilateral advance pricing agreements (APA), the finance ministry said in a s
Read MoreU.S. manufacturing sector stabilizing; producer prices tame
U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods,
Read MoreBanks to sell Rs 3000 crore of Visa debt to ARCs
Lenders to loss-making Visa Steel are readying to sell their loans of close to R3,000 crore to asset reconstruction companies (ARCs), senior bankers t
Read MoreDemonetisation: Govt tightens exchange of notes, eases withdrawal
Amid reports of hardships caused by demonetisation in crop sowing and marriages, the government on Thursday eased restrictions on cash withdrawal by f
Read MoreFPIs get RBI?s approval to invest in more instruments
The Reserve Bank of India (RBI) has decided to expand the list of eligible debt instruments foreign portfolio investors (FPIs) are allowed to invest i
Read MoreGold bounces strong US data, Yellen comments
Gold gained on Thursday, shrugging off strong U.S. economic data and comments by U.S. Federal Reserve Chair Janet Yellen that further bolstered the ca
Read MoreNote ban: Deposit rates fall, bond yields rise
Kotak Mahindra Bank (KMB) on Thursday lowered the rate on one-year deposits to 6.75%, lower than State Bank of India?s 6.9%, reports Shritama Bose in
Read MoreHannover Re to focus on emerging risks in India
World third largest reinsurer Hannover Re expects to start its operations in India during the first quarter of 2017 and would focus on life and non-li
Read MoreAmul to set up milk processing plant in West Bengal
Amul, a brand owned by Kaira District Cooperative Milk Producers' Union in Gujarat, will set up its seventh centralised milk processing plant at Sankr
Read MoreSingdollar drops further against surging US$
The Singdollar has weakened further against the surging greenback in the wake of comments from United States Federal Reserve chairman Janet Yellen tha
Read MoreDMX India gets Jio deal for network management
Reliance Jio Infocomm has given a contract to Hong Kong-based DMX Technologies for utility monitoring of mobile towers to minimise operational costs.
Read MorePhilippines fastest-growing economy in developing Asia
The Philippine economy grew at its fastest pace in three years last quarter, underscoring the nation?s resilience to global risks as investment surged
Read MoreCyrus Mistry fiasco: Acid test for brand Tata's business basics
Humata(good thoughts), Hukhta (good words), Hvarshta (good deeds). Those three principles form a cornerstone of Zoroastrianism, so it?s only natural t
Read MoreAir India posts Rs 246 cr operating loss in April-June quarter
Air India, which turned operationally profitable last fiscal, reported an operational loss of Rs 246.14 crore in the three months ended June 2016. The
Read MoreFiat to make Jeep Compass in India
Global auto major Fiat Chrysler Automobiles (FCA) has made the Indian manufacturing facility at Pune among one of the four facilities globally to make
Read MoreFord cuts 2017 profit forecast for credit arm
Ford Motor Co on Thursday lowered the 2017 pretax profit forecast for its financial services arm by $300 million due to lower auction values for used
Read MoreMobiKwik?s nearby feature witnesses 2500 percent jump in traffic
Mobile wallet firm MobiKwik on Saturday said that its nearby feature has seen an over 2500 percent increase in traffic since demonetisation kicked in.
Read MorePublic cloud services to grow 35.9% in India to $1.3 billion in 2016: Gartner
The public cloud services market in India is slated to grow 35.9% to reach $1.3bn according to IT consultancy Gartner. The highest growth would come
Read MoreMFIs may find high overdues due to demonetisation: India Ratings
Microfinance firms are likely to see capital erosion if cash flows do not improve by the end of the fiscal year as most of them have liquidity in the
Read MoreICICI, HDFC Bank, Canara, United Bank cut FD rates by up to 1%
Taking advantage of the surge in deposits following demonetisation, several banks including ICICI Bank, HDFC Bank and Canara slashed their FD rates by
Read MoreGold slips on strong dollar, Fed rate hike comments
Gold prices eased on Friday after touching their lowest in over five months the session before, dragged down by a stronger U.S. dollar and after Feder
Read MoreCopper prices rise nearly 20% in one month, may pare gains in near term
Copper stood out among the hottest commodities in the past one month, as prices of the base metal surged nearly 20 per cent on hopes of improving dema
Read MoreDemonetisation: Updated rules on withdrawal and exchange of currency
It has been 10 days since government announced the demonetisation policy, one of India's biggest economic reforms. The move has been praised by many,
Read MoreNow, you can pay property tax sans penalty till February
Providing a huge relief to property taxpayers, the three municipal corporations on Thursday announced complete waiver of the interest and penalty amou
Read MoreGovt notifies uniform rules for faster telecom network rollout
To address telecom sector's woes, the Department of Telecom (DoT) has notified uniform rules for the roll-out of mobile and cable networks across the
Read MoreIncome tax dept conducts countrywide survey on builders
After targeting jewellers, bullion traders and hawala operators, the income tax department has launched a countrywide 'survey' on leading builders and
Read MoreGerman exports to UK, U.S. fall sharply in third quarter
German exports to Britain and the United States dropped sharply in the third quarter, data from the Federal Statistics Office obtained by Reuters show
Read MoreOPEC moves closer to oil output deal as Iran gets new offer
OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant
Read MoreMawana sells Titawi for Rs 375 cr to Indian Potash
Siddharth Shriram-promoted Mawana Sugars has decided to sell its Titawi Sugar Mill in Uttar Pradesh for Rs 375 crore to Indian Potash, a government-ow
Read MoreMopeds gain speed, overtake scooters in growth
If you thought scooters were the fastest growing two-wheelers in the country, you're off the mark. This distinction is being enjoyed by the not-so-hap
Read MoreBanks to exchange notes only for own customers today
Indian Banks? Association (IBA) on Friday said banks on Saturday will not exchange old Rs 500 and Rs 1,000 notes with the new ones to perform other ba
Read MoreExclusive: China ready to slow yuan descent, worried about capital outflows - sources
Chinese policymakers have been unfazed by the yuan's recent slide, but are ready to slow its descent for fear of fanning capital flight if the currenc
Read MoreIndia bonds defy global rout as bank note ban brings December rate cut into view
A shock move by the Indian government to withdraw over 80 per cent of the country?s currency in circulation has sparked a rally in bonds that could ex
Read MoreInfosys invests $2 m in Danish start-up UNSILO
Infosys has invested $2.1 million in UNSILO, a Danish start-up focused on Artificial Intelligence and advanced text analysis.UNSILO is founded by Mads
Read MoreIndia, UK sign 3 advance pricing agreements
India and the UK have signed three Bilateral Advance Pricing Agreements (APAs) in order to have a smooth tax regime between the two and reduce litigat
Read MoreOver 8,100 wilful defaulters owe Rs 76,685 crore to banks
Public sector banks (PSBs) have reported 16 per cent rise in number of wilful defaulters at 8,167 who collectively owe them Rs 76,685 crore at the end
Read MoreBorrowing from corporate bond market up 68% in last 6 months
Companies and non-banking financial companies (NBFCs) together mopped up R70,395.56 crore from the bond markets in October, taking the total amount ra
Read MoreRCF Q2 net profit down marginally at Rs 43 cr
Rashtriya Chemicals and Fertilisers Ltd today reported a marginal fall in net profit at Rs 43.42 crore for the quarter ended September 30. Its net pro
Read MoreFreecharge gets big recharge boost from demonetisation drive
Post-demonetisation digital payment platforms have generally seen a huge spike with consumers trying to conserve cash while using such platforms to pa
Read MoreDemonetisation delivers double-whammy to non-coal mining sectors
Demonetisation has turned out to be a double whammy for the non-coal mining sector. On the one hand, miners are finding it increasingly difficult to p
Read MoreDemonetisation to lower GDP growth by 0.3-0.5 percent: CARE Ratings
Abolition of Rs 500 and Rs 1,000 notes is likely to lower GDP growth by 0.3-0.5 per cent in the current fiscal as business in various sectors is expec
Read MoreNotification No. 138 /2016- Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 18th November, 2016
Read MoreDemonestisation to drag fy18 growth down to 5.8%
The cash crunch arising out of demonetisation is expected to paralyse economic activity in the short-term, and the 2017-18 GDP growth is likely to be
Read MoreForex reserves down $1.19 bn to $367 bn
India's foreign exchange reserves declined by $1.190 billion to $367.041 billion in the week to November 11 on account of fall in foreign currency ass
Read MorePaving way for liquidation, Karnataka HC orders winding up of Kingfisher Airlines
The Bangalore High Court on Friday ordered the winding up of bankrupt billionaire Vijay Mallya's defunct carrier Kingfisher Airlines, paving the way f
Read MoreNotification No.RBI/2016-17/140
Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
Read MoreNotification No.RBI/2016-17/139
Withdrawal of Legal Tender Character of existing RS 500/- and Rs 1000/- Bank Notes ? Exchange over the counters
Read MoreBharat Forge to acquire Walker Forge for $14 million
Bharat Forge Limited (BFL) is set to acquire 100% shareholding of Walker Forge Tennessee LLC (WFT) through its US subsidiary, Bharat Forge America. Th
Read MoreNotification No.RBI/2016-17/138
Investment by Foreign Portfolio Investors (FPI) in corporate debt securities
Read MoreNotification No.RBI/2016-17/137
Foreign Exchange Management (Insurance) Regulations, 2015
Read MoreIndia, Cyprus seal revised tax treaty
India and Cyprus on Friday signed a new double tax avoidance pact under which capital gains tax will be levied on sale of shares on investments made a
Read MoreDemonetisation row: Supreme Court terms it ?serious issue? adds to uncertainty over drive; govt holds firm
The judiciary on Friday looked askance at the government?s handling of the problems faced by the people after it abrogated the legal-tender status of
Read MoreIncome-tax (31st Amendment) Rule, 2016
Publish Date : Wednesday, November 16, 2016
Gujarat farmers can now buy fertilisers with cheques
With the rabi sowing season setting in, the Gujarat government on Wednesday announced that farmers can issue cheques to procure any quantity of fertil
Read MoreWithdrawal symptoms: Bank loan disbursals, repayments to be hit
Demonetisation will hit the business of banks in the third quarter of this fiscal. The adverse impact will be driven by both internal/operational and
Read MoreNew financial rules clear the air on capital, revenue spending
Hoping to bring more transparency in its allocations in the Union Budget subsequent to the scrapping of Plan and non-Plan expenditure, the Finance Min
Read MoreOsram enters air purifier segment
Global lighting solutions provider Osram today made a foray into air purifier category by launching Air Zing 2020 in India where cities like Delhi are
Read MoreIGL profit rises 42% in Sept quarter
Indraprastha Gas Ltd (IGL) has posted net profit of ?144.27 crore for the quarter ended September, up 42 per cent from ?101.67 crore in the correspond
Read MoreNasscom cuts IT export growth forecast to 8-10% for 2016-17
Software association Nasscom today lowered IT export growth target to 8-10 per cent for 2016-17 amid global macroeconomic headwinds and the fallout of
Read MoreA post-Trump SEC could shake up current policy
It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.With Trum
Read MoreEU Commission decides not to suspend EU funds for Spain, Portugal
The European Commission said on Wednesday it will not suspend EU funds for Spain and Portugal next year following their breach of EU budget rules, as
Read MoreUK jobless rate falls to 11-year low, benefit claims up
Britain's unemployment rate fell in the first three months after the Brexit vote to its lowest level in 11 years.The unemployment rate edged down to 4
Read MoreUS Factory Production Improves in October
U.S. factory output rose slightly in October, aided by greater production of automobiles, home electronics and appliances.The Federal Reserve said Wed
Read MoreIron-ore production jumps 25 pc in Apr-Sept
The mining sector has seen a healthy growth in the current fiscal, a top government official said here today. "Iron-ore production in the first half
Read MoreOPEC pushes for consensus on oil cut, gaps narrowing: sources
OPEC officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, OPEC sources said,
Read MoreIndia's gold traders on edge as Modi fights 'black money'
Some Indian gold traders are placing bulk, short-term import orders on fears that Prime Minister Narendra Modi might soon add curbs on overseas purcha
Read MoreMF industry looks to ramp up investor base to 9 cr in 5 years
The mutual fund industry is looking at increasing its investor base to 9 crore from 2 crore at present in the next five years and hopes that demonetis
Read MoreChina?s Yuan Tumbles to Eight-Year Low as Banks Weaken Forecasts
The yuan plunged to an eight-year low, with banks slashing their forecasts for China?s exchange rate amid concern an imminent Federal Reserve interest
Read MoreAxis Bank cuts MCLR by up to 20 basis points
Axis Bank on Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 15 basis points across all tenures up to one year. The bank als
Read MoreRBI set to cut rates in December: Kotak says in a research note
The demonetisation measure will lower aggregate demand in the short term and this may prompt the Reserve Bank to support the economy through possibly
Read MoreNBFCs recover some ground, but gains may be short-lived
Non-banking finance companies on Wednesday got a break from the sell-off on the bourses post the government's demonetisation move that has dragged the
Read MorePost Donald Trump win, US-India 10-yr yield spread hits 5 yr low
The spread between the US 10-year treasury yield and the Indian 10-year benchmark yield reached a 5-year low of 417 basis points on Wednesday after th
Read MoreRs 10K cr enters banking system in first two days
Data from the Reserve Bank of India showed that Rs 10,000 crore moved into the banking system in the first two days after the Rs 500 and Rs 1,000 curr
Read MoreKwan buys out CAA?s stake in joint venture
Indian celebrity management firm Kwan Entertainment & Marketing Solutions (Kwan) and Los Angeles-based entertainment and sports firm Creative Artists
Read MoreNissan?s electric car on its way to India
Japan car maker Nissan on Wednesday said that it is working on bringing the much-awaited electric car Nissan Leaf to India, but declined to put a date
Read MoreBlackstone, Brookfield join race to acquire almost 40% stake in Bharti Infratel
Blackstone Group, the world?s biggest alternative asset manager, and Canadian investor Brookfield have joined the race to acquire as much as 40% in Bh
Read MoreIndia Power completes acquisition of Meenakshi Energy, plans to invest Rs. 3500 cr for setting up plant in Bengal
Integrated power utility company India Power Corporation (IPCL), which on Wednesday announced completion of the acquisition of Meenakshi Energy from F
Read MoreRs 500, Rs 1000 notes ban: E-commerce companies Snapdeal, ShopClues see big drop in cash on delivery orders
E-commerce firms have seen a substantial drop in cash on delivery orders in the wake of demonetisation which has also impacted their overall sales, ex
Read MoreIT Spending to Touch $72.4 Billion in India in 2017: Gartner
Driven by software and IT services revenue growth, IT spending in the country will reach $72.4 billion in 2017 -- up 6.9 percent from 2016, a new repo
Read MoreRupee tumbles by 20 paise to 67.94 against a strong dollar
Continuing its downfall for the fourth-straight session, the rupee today fell by 20 paise to end at near five-month low of 67.94 against the US curren
Read MoreDemonetisation may cause inflation to fall under 4 %; here?s why
Even though demonetisation of high-value notes will impact consumption in the short run, it is expected to pull down retail inflation to below 4% in N
Read MoreDemonetisation: Prices at retail agricultural markets stable
More than a week after demonetisation of R500 and R1,000 banknotes, which led to a drop in arrivals of fruits and vegetables (F&V) and transactions at
Read MoreDemonetisation: Textile, leather units feel heat
The textile and leather sectors, major sources of employment, are facing heat from the Centre's decision to demonetise the Rs 500 and Rs 1,000 currenc
Read MoreDemonetisation drive: Half of all ATMs to start functioning by next week
Battling the rush at bank counters even seven days after demonetisation of high-value notes, the government on Wednesday said nearly one lakh ATMs wou
Read MoreIncome tax notices to religious, charitable trusts
The Income-tax department has issued letter to dozen of religious and charitable trusts, asking them to furnish details of ?cash balances? as on Novem
Read MoreCurrency in circulation shrinks: RBI
Following the central government?s decision to demonetise all existing Rs 500 and Rs 1,000 notes, the currency in circulation shrank by 50 basis point
Read MoreIndian mining will help expand the country?s GDP by 1 per cent this year
The Indian mining sector is expected to expand the country?s GDP by 1% in FY 17 with the overall mining sector on a growth path, Balvinder Kumar, secr
Read MoreSingapore to test digital currency in latest fintech initiative
The Monetary Authority of Singapore is poised to become the latest central bank to test its own digital currency, which it will use in a trial of a bl
Read MoreNasscom lowers IT growth forecast to 8-10%
IT industry body Nasscom has lowered the growth forecast for the $160-billion Indian IT industry to 8%-10% (in constant currency) for 2016-17, from 10
Read MoreCipla plans to get more aggressive in US, UK
Over the next six months, dug maker Cipla plans to increase its product filings in the US and launch the generic version of GlaxoSmithKline's (GSK) bl
Read MoreSBI cuts deposit rates below 7%
Interest rates on deposits at State Bank of India (SBI) have hit a seven-year low after the lender trimmed the rates by 15 basis points (bps) across t
Read MoreNotification No. 104/2016
Income-tax (30th Amendment) Rules, 2016
Read MoreNotification No.RBI/2016-17/136
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Daily Reporting
Read MoreNotification No.RBI/2016-17/135
Withdrawal of Legal Tender Character of Specified Bank Notes ? Compliance with provisions of 114B of the Income Tax Rules, 1962
Read MoreNotification No.RBI/2016-17/134
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Census data 2011
Read MoreU.K. to Borrow Extra $125 Billion as Growth Slows, PwC Says
Britain may borrow 100 billion pounds ($125 billion) more than previously forecast over the next five years as Brexit hits the economy, according to P
Read MoreUS import prices rose 0.5% in Oct vs. 0.4% increase expected
U.S. import prices rose for a second straight month in October as the cost of petroleum and motor vehicles increased,but persistent dollar strength co
Read MoreChinese e-commerce firm JD.com's quarterly revenue up 38 percent
JD.com, China's second-largest e-commerce firm, said on Tuesday its third-quarter revenue grew 38 percent from a year ago, slightly ahead of analysts'
Read MoreMutual fund folios cross 5 crore mark
Inflows into mutual funds have led to a sharp rise in the folios. The latest data from the Securities and Exchange Board of India (Sebi) shows that, m
Read MoreGE buys software company ServiceMax for $915 million
General Electric Co (GE.N) said its software unit bought ServiceMax, a cloud-based provider of software used in inventory and workforce management, fo
Read MoreBank NPAs crisis worsens, bad loans soar 98% to 6,68,824 cr
Aggregate gross non-performing assets (NPAs) in the Indian banking system jumped more than 98% year-on-year to Rs 6,68,824.72 crore during the quarter
Read MoreKotak Mahindra Bank cuts 1-year FD rate to 7%
Private-sector lender Kotak Mahindra Bank has reduced the interest rate on one-year fixed deposits (FDs) by 25 basis points (bps) to 7%, lower than 7.
Read MoreChina weakens yuan to eight-year low
China on Tuesday weakened the yuan?s fix against the dollar to a nearly eight-year low as the surging dollar put further pressure on the unit, complic
Read MoreRupee ends near 5-mth low vs US dollar; tumbles 49 paise
The rupee on Tuesday tumbled by 49 paise to end at near five-month low of 67.74 against the US dollar following frantic demand for the American curren
Read MoreDeadline for banks to clean up books stands at March 2017
The Reserve Bank of India (RBI) has decided to stick to its deadline of March 2017 to clean up balance sheets of banks, deputy governor NS Vishwanatha
Read MoreIRDAI may allow insurers to raise stake in cos beyond 15%
The Insurance Regulatory & Development Authority of India (IRDAI) is open to insurers surpassing the 15% limit on equity holdings in a company under s
Read MoreWheels India signs tech agreement with Spanish company for wind components
Chennai-based Wheels India Ltd has signed a technology transfer agreement with Fluitecnik of Spain for hydraulic components used in wind turbines. The
Read MoreONGC Videsh eyes oil & gas blocks in Colombia
ONGC Videsh, through its subsidiary Mansarovar Energy Colombia (MECL), plans to bid for oil and gas blocks in Colombia. MECL is owned by ONGC Videsh a
Read MoreFuture Group FMCG arm in JV with UK-based firm for cash & carry format
Future Consumer, the food and FMCG arm of Future Group, has entered the cash & carry business by forging an equal joint venture with the UK-based whol
Read MoreVodafone loss doubles to $5.5 billion due to India write-down, hit by RJio entry
British telecom major Vodafone today posted over two-fold increase in losses at 5 billion euros, or Rs. 37,382 crore, in the first half of the fiscal
Read MoreHPCL reports R701-cr profit in Q2 HPCL reports R701-cr profit in Q2
Public sector oil marketing company Hindustan Petroleum Corporation Limited (HPCL) on Tuesday reported R701 crore net profit during July-September qua
Read MorePetrol price cut by Rs 1.46 a litre, diesel by Rs 1.53
Petrol price was cut down by Rs 1.46 a litre and diesel price by Rs 1.53 per litre on Tuesday.The new prices will be effective from Tuesday midnight.O
Read MoreVivo to double India manufacturing capacity by next year
Buoyed by increasing demand, Chinese handset vendor Vivo said it is planning to double its manufacturing capacity in the country by next year. ?The cu
Read MorePE/VC investments in October drops by 25%
Investments by private equity (PE) and venture capital (VC) funds declined around 25% to $1.19 billion across 58 deals in October 2016, compared to $1
Read MoreInfrastructure needs Rs 8.6 lakh crore per annum funding: Crisil
India's infrastructure funding requirement is gargantuan as it needs Rs 8.6 lakh crore per annum, rating agency Crisil said on Tuesday."The funding re
Read MoreLeEco raises $600 million in funding
LeEco, the China-based technology company, on Tuesday announced that it has raised $600 million in funding. The company declined to share more details
Read MoreOctober inflation down, call for rate cut
Softening food prices have helped to ease retail as well as wholesale inflation in October, raising hopes that the RBI may go in for another rate cut
Read MoreDemonetisation blues make markets see red, Sensex nears 6-month low
The markets fell two per cent on Tuesday, with the benchmark Sensex ending at a near-six-month low, on fears that the demonetisation move by the gover
Read MoreGood news for Gujarat youth, Maruti Suzuki to set up first-of-its-kind institute in Gujarat
Car major Maruti Suzuki India Limited on Tuesday announced that it will set up a first-of-its-kind industrial training institute in Mehsana, Gujarat.C
Read MoreSmartphone market crosses 30 m in Q3
The smartphone market in India crossed the 30 million units shipment milestone for the first time in the third quarter, maintaining its healthy tracti
Read MoreRs 500, Rs 1000 notes ban may lead to 100 bps interest rate cut
Interest rates could decline by 1 percentage point in the next six months due to demonetisation of R500 and R1,000 notes, which would flood banking se
Read MoreGold imports soar after Rs 500, Rs 1000 notes ban, even beat Dhanteras purchases
India?s daily gold imports ? after the government?s demonetisation move ? beat purchases from overseas even in the build-up to the Dhanteras (consider
Read MoreParliament winter session agenda: From GST to corruption, govt looks to get key bills cleared
Even as the demonetisation move threatens to swamp the winter session of Parliament beginning on Wednesday, the Centre has lined up three key goods an
Read MoreBanks pledge Rs 17,500 crore aid for building Amaravati
Energy, infrastructure and CRDA principal secretary to government Ajay Jain has said that the World Bank, Hudco and Andhra Bank have, in principle, sa
Read MoreGood news for economy, exports up 9.59%; slowdown may have bottomed out
The country?s merchandise exports grew a robust 9.59% in October to $23.51 billion and imports rose for the first time since November 2014, lending cr
Read MoreCPI inflation moderates to 14-month low of 4.2 per cent in October
Retail and wholesale price inflation eased in October on lower food inflation, brightening prospects of a rate cut by the monetary policy panel as ear
Read MoreIndelible ink to check syndicates: Govt on currency woes
After a review meeting taken by Prime Minister Narendra Modi last night to discuss the situation, the government has set-up a high-powered group under
Read MoreUnion Budget to be presented on February 1, session to begin in January
The Union Budget for the year 2017-18 will be an early affair with Finance Minister Arun Jaitley expected to present the draft in Parliament on Februa
Read MoreAfter being ousted as Tata Global Beverages chairman, Cyrus Mistry hits back at Ratan Tata
Cyrus Mistry on Tuesday was removed as chairman of a second Tata Group company ? Tata Global Beverages (the first one was Tata Consultancy Services),
Read MoreCircular No.52/2016-Customs
Regarding deferred payment of Customs duty
Read MoreNotification No. 137 /2016- Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Read MoreNotification No.RBI/2016-17/133
Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs
Read MoreIncome-tax (30th Amendment) Rules, 2016
Publish Date : Tuesday, November 15, 2016
Master Circular No: 2/2011 - Master Circular on Cost Accounting Records and Cost Audit
Master Circular No: 2/2011 - Master Circular on Cost Accounting Records and Cost Audit
Read MoreProvisional calendar of sittings for the ninth session of fifteenth Lok Sabha from 22-11-2011 to 21-12-2011.
Provisional calendar of sittings for the ninth session of fifteenth Lok Sabha from 22-11-2011 to 21-12-2011.
Read MoreGeneral Circular No: 65/2011 - dated 04.10.2011 - Company Law Settlement Scheme, 2011
General Circular No: 65/2011 - dated 04.10.2011 - Company Law Settlement Scheme, 2011
Read MoreGeneral Circular No: 66/2011 - dated 04.10.2011 - Allotment of Directors Identification Number (DIN) under Companies Act, 1956
General Circular No: 66/2011 - dated 04.10.2011 - Allotment of Directors Identification Number (DIN) under Companies Act, 1956
Read MoreG.S.R.(E) - dated 05.10.2011 - The Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules, 2011
G.S.R.(E) - dated 05.10.2011 - The Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules, 2011
Read MoreG.S.R.(E) - dated 05.10.2011 - The Companies (Central Governments) General Rules and Forms(Amendment) Rules , 2011
G.S.R.(E) - dated 05.10.2011 - The Companies (Central Governments) General Rules and Forms(Amendment) Rules , 2011
Read MoreGeneral Circular - dated 10.10.2011 - Registration of Companies and LLPs with objective to do business of Architect
General Circular - dated 10.10.2011 - Registration of Companies and LLPs with objective to do business of Architect
Read MoreQuotation - dated 11.10.2011 - Comprehensive Annual Maintenance Contract of Duplo make copy printer model No.31S of the Ministry of Corporate Affairs
Quotation - dated 11.10.2011 - Comprehensive Annual Maintenance Contract of Duplo make copy printer model No.31S of the Ministry of Corporate Affairs
Read MoreQuotation - dated 20.10.2011 - Disposal of Office Staff Car bearing No. WE3 02E 5189 - Display of Sale Notice, Terms and Conditions on Ministrys website - reg.
Quotation - dated 20.10.2011 - Disposal of Office Staff Car bearing No. WE3 02E 5189 - Display of Sale Notice, Terms and Conditions on Ministrys websi
Read MoreQuotation - dated 27.10.2011 - One Abassador Car Model(Saloon) 1996 is for sale on As is where is Basis
Quotation - dated 27.10.2011 - One Abassador Car Model(Saloon) 1996 is for sale on As is where is Basis
Read MoreAdvertiesment - dated 28.10.2011 - The Ministry has decided to invite Expression of Interests from interested IT Service Providers for transitioning the MCA21 e-Governance project of the Ministry
Advertiesment - dated 28.10.2011 - The Ministry has decided to invite Expression of Interests from interested IT Service Providers for transitioning t
Read MoreG.S.R. - dated 28.10.2011 - Companies (Dematerialization of Certificates) Rules, 2011
G.S.R. - dated 28.10.2011 - Companies (Dematerialization of Certificates) Rules, 2011
Read MoreQuotation - dated 31.10.2011 - Hiring of vehicles on monthly basis for the official use of Office of the Registrar of Companies cum- Official Liquidator, Orissa, Cuttack
Quotation - dated 31.10.2011 - Hiring of vehicles on monthly basis for the official use of Office of the Registrar of Companies –cum- Official Li
Read MoreQuotation - dated 02.11.2011 - Comprehensive Annual Maintenance Contract in respect of Toshiba makes Photostat machines in the Ministry of Caporate Affairs for a period of one year.
Quotation - dated 02.11.2011 - Comprehensive Annual Maintenance Contract in respect of Toshiba makes Photostat machines in the Ministry of Caporate A
Read MoreQuotation - dated 09.11.2011 - Sealed tender is invited for hiring of car on monthly rent basis for use in the O/o. Regional Director(ER),Kolkata
Quotation - dated 09.11.2011 - Sealed tender is invited for hiring of car on monthly rent basis for use in the O/o. Regional Director(ER),Kolkata
Read MoreChina retail sales growth slows in October: Government
China's retail sales growth slowed to 10.0 per cent on-year in October, government data showed today, missing expectations in a worrying sign for dome
Read MorePaytm buys Shopsity for offline boost
Online payments and ecommerce marketplace Paytm has acquired Delhi-based Shopsity in a bid to strengthen its offline retail network. Shopsity follows
Read MoreKia Motors may announce entry into India by Q1 of next year
Kia Motors Corporation is in the final phase of evaluation on an entry to India, according to industry sources, even though the Korean carmaker has de
Read MoreLightsource Renewable Energy to invest Rs 6,500 crore in India in 2-3 years
UK-based Lightsource Renewable Energy will invest Rs 6,500 crore over the next 2-3 years to set up 1000 MW solar energy projects in India. "The compan
Read MoreSamsung to buy car tech firm Harman for $8 bn, South Korea's biggest overseas deal
Samsung Electronics announced a $8 billion deal on Monday to buy Harman International Industries, marking a major push into auto-related technology an
Read MoreDemonetisation: Deposits in banks cross Rs 1.5 lakh crore, more ATMs go live
Crowds continued to throng bank branches on Sunday, the fifth day after demonetisation, but there were fewer customers waiting to exchange and deposit
Read MoreDemonetisation: Withdrawal limit of 'current accounts' raised to Rs 50,000 per week
Allaying fears of shortage, the Finance Ministry today said there is enough cash in the system and delivery channels are being augmented across the co
Read MoreOne of Trump's major economic polices could lead to a 'global recession'
In the days following the election of Donald Trump to the US presidency, Wall Street analysts and economists are attempting to parse out his impact on
Read MoreWarren Buffett says economy is weaker than people think
Warren Buffett is worth $70 billion. He is the second-most wealthy person in the world. But he recognizes that the growing income inequality gap in th
Read MoreJapan economy: Exports help faster-than-expected growth
Gross domestic product rose at an annualised rate of 2.2% in the three months to September, the third consecutive quarter of expansion. Japanese firms
Read MoreFPI inflows at $4.5 billion in Q2; DIIs turn net sellers: ICICI Securities
Foreign investors' inflows into equities more than doubled to $4.5 billion, while domestic institutional investors turned net sellers to the tune of $
Read MoreBonds plunge by $1 trillion as trump seen a game changer
More than $1trillion was wiped off the value of bonds around the world last week as US President-elect Donald Trump?s policies are seen boosting spend
Read MoreSebi set to tighten promoter-PE fund profit-share norms
The Securities and Exchange Board of India (Sebi) is set to tighten corporate governance rules on profit-sharing agreements between promoters and priv
Read MoreMicromax reports 6% drop in sales in FY?16 amid growing competition from Chinese smartphone companies
Things aren?t too rosy for Micromax. Last month, a research report stated that Micromax had lost its long-held second spot in the smartphone market to
Read MoreApollo Tyres in race to acquire Kumho Tire in a $900 million deal
Apollo Tyres is competing with Chinese rivals Shandong Linglong Tyre and ChinaChem to acquire South Korea's No. 2 tyre maker Kumho Tire in a deal pegg
Read MoreHAL plans to enter aircraft leasing business; Air India eyes Dorniers
State-owned enterprise Hindustan Aeronautics Ltd (HAL) is exploring the option of entering the domestic aircraft leasing market, according to RN Choub
Read MoreChinese lighting company Opple to set up manufacturing unit in India
Chinese lighting solutions company Opple intends to set up a manufacturing unit in India.The facility is likely to come up as a joint venture with an
Read MoreThe decadal drop in India?s RoE
Even as India is marked out as a ?bright spot? in the global economy, India?s RoE has actually been declining since FY07. After attaining a peak of 24
Read MoreFiscal situation not as alarming as it appears
The Union Budget for FY2017 had projected a small decline in the Government of India?s (GoI?s) fiscal deficit to ?5,339 billion in the current year, f
Read MoreGold below $1300 again, why?
After significant gains on Wednesday post the US election result, gold prices have, over the last few days, fallen below $1,300/ounce again ($1,227/ou
Read MoreDownloads from foreign sites to turn pricier from Dec 1
You may have to pay more for your music or e-book downloads from overseas sites with effect from December 1.This is because the Central Board of Excis
Read MoreGAIL scraps $7-bn LNG tender
After dragging for more than two years, state-owned gas utility GAIL India Ltd has scrapped a USD 7 billion tender for hiring newly built ships to fer
Read MoreMumbai zone's Apr-Oct service tax mop-up exceeds target
Service tax collection from the Mumbai zone rose to Rs 45,821 crore in the April-October period of this fiscal, exceeding the target by more than Rs 5
Read MoreBanks disburse Rs 30,000 crore cash, post demonetisation
Post withdrawal of Rs 500 and Rs 1,000 notes, banks have disbursed nearly Rs 30,000 crore cash in bills of lower denominations and the newly-introduce
Read MoreDespite bonanza, FY18 to see a range as deficit target
With robust transfers likely from the Reserve Bank of India thanks to demonetisation of high-value currency notes, the Centre will likely find it easi
Read MoreAfter demonetisation, benami property holders the next target: PM Modi
Upping his ante against corruption, Prime Minister Narendra Modi on Sunday said he will how take action against 'benami' property holders.The Benami P
Read MoreDiesel vehicle ban: Business worth Rs 100 cr affected in Delhi
Business worth Rs 100 crore would affected after nearly two lakh diesel vehicles went off roads today following an order by the National Green Tribuna
Read MoreBiz at agri mandis choked
Trade in mandis or Agriculture Produce Market Committees (APMC) in many parts of the country has come to a standstill because of spiralling effects of
Read MoreGovt likely to put curbs on jewellers
On Rajat Sharma's show Aap Ki Adalat on India TV, Finance Minister Arun Jaitley mentioned thrice that shops of a particular industry were open till ve
Read MoreDemonetisation move gives room to RBI to cut rates:CII
The Confederation of Indian Industry (CII) on Sunday said the demonetization move of the government will strike a blow to the illegal economy and wo
Read MoreEssential supplies to be hit from today, warn truckers
The cash-driven transport sector is one of many bearing the brunt of the current currency crisis, with truckers saying supplies of fruit, vegetables a
Read MoreTrade gasps for breath across India
Devendra Shetty runs a small canteen in central Mumbai. On most days, it does brisk business but the past week has been bad. Demonetisation of Rs 500
Read MorePaytm hits record 5 mn transactions a day
Buoyed by a sudden surge in demand for digital transaction, India?s largest mobile payments platform Paytm said it has touched a figure of five millio
Read MoreMutual funds may become pricey under GST, AMFI seeks safeguards
Mutual fund industry body AMFI has sought safeguards under the new GST regime as they believe that MF units could become more expensive due to increas
Read MoreForeign flows into India might hit a bump
India is unlikely to be insulated if there?s a major flight of capital from emerging markets (EMs) after last week?s spike in US bond yields. The mark
Read MoreIndia to be part of core World Bank team
For decades a borrower, India will soon sit in the core management team of the International Development Association (IDA) of the World Bank. Axel Van
Read MoreExpect FMCG industry to rebound in H2 FY17: Nestle India
After witnessing a decline in the in the first half of the fiscal, Nestle India expects the FMCG industry to fare better on the back of good monsoon a
Read MoreGerman economy slows in third quarter
Europe's largest economy grew by 0.2% between July and September, half the 0.4% rate seen in the previous three months. This was slower than economist
Read MoreUK inflation rate fell to 0.9% in October
The Consumer Prices Index (CPI) slipped to 0.9%, from 1% in September, the Office for National Statistics said. That was below the 1.1% predicted by e
Read MoreCard fees for banks set to fall, may pass on benefit to traders
In a move that sets the ground for a sharp cut in charges that shopkeepers and online retailers pay to card companies, the National Payments Corporati
Read MoreGold may touch Rs 29,000 in next 1 month; here is why
Gold prices fell for the third consecutive day on Tuesday on rising fears that calendar year 2017 may see aggressive rate hikes by the US Federal Rese
Read MoreNHAI may compensate concessionaires for loss in toll money
With government's decision to stop toll collection till November 18 hitting concessionaires, NHAI has proposed to compensate up to 75 per cent of the
Read MoreFDI in services sector jumps to $5.28 bn during April-September
With government taking steps to improve the ease of doing business and attracting foreign investments, FDI inflows into the services sector jumped by
Read MorePost demonetisation, windfall gain for RBI
The government?s move to pull out Rs 500 and Rs 1,000 notes from circulation could result in a windfall gain for the Reserve Bank of India (RBI) as it
Read MoreWholesale prices cool in October
India's wholesale prices cooled sharply in October, data released by commerce and industry ministry showed on Tuesday. WPI inflation in October was 3
Read MoreJapan Q3 GDP growth rises on exports, domestic outlook weak
Japan's economic growth handily beat expectations in the July-September period, expanding for a third straight quarter as exports recovered, but weak
Read MoreChinese Manufacturing Firm Acquires Voltage Pictures for $350 Million (Report)
Anhui Xinke New Materials has acquired an 80 percent stake in Midnight Investments, owner of film financing and production company Voltage Pictures, f
Read MoreEurozone industry ends Q3 on weak note
Official figures show that industrial output across the 19-country eurozone ended the third quarter on a weak note but still finished 0.4 percent high
Read MoreSamsung to buy car tech firm Harman for $8 bn
Electronics giant Samsung will buy Harman International Industries for USD 8 billion as the Korean company attempts to aggressively tap into the auto
Read MoreGodrej Industries Q2 net profit up 54% at Rs 81 cr
Godrej Industries today reported 53.72 per cent jump in consolidated net profit to Rs 80.80 crore for the second quarter ended September 30, 2016-17,
Read MoreApollo Hospitals in expansion mode; to invest Rs 1,400-crore
Healthcare group Apollo Hospitals has plans to invest Rs 1,400 crore over the next couple of years for expansion, a top company official said here on
Read MoreMFs folio count rises 36 lakh in April-October to record 5.13 crore
Driven by addition in equity fund folios, mutual fund (MF) houses have registered a surge of more than 36 lakh investor accounts in the first seven mo
Read MoreTatas, global companies join hands to set up IoT incubator in Israel
Tata Group has joined hands with General Electric Ventures, Microsoft Ventures and others to set up a new technology incubator in Israel. ?With the fi
Read MoreTata Motors Q2 net profit at Rs 848 crore on strong JLR sales
Tata Motors today reported consolidate profit after tax of Rs 848 crore for the September quarter, riding on robust sales of its British arm Jaguar La
Read MoreRBI raises withdrawal limit for current account to Rs 50,000
The Reserve Bank of India on Monday said that current account holders are allowed to withdraw up to Rs 50,000 in a week. Such tenders will be disburse
Read MoreAon Hewitt acquires Gurgaon-based hiring assessments platform CoCubes in all-cash deal
Aon Hewitt, the global talent, retirement and health solutions business of Aon Plc, has acquired Gurgaon-based hiring assessment company CoCubes in an
Read MorePenalty likely on unexplained high deposits even before ITR: I-T department
I-T Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual income tax returns are filed so as
Read MoreRBI waives charges on ATM transactions for all banks till December 30
The Reserve Bank of India (RBI) on Monday waived charges for ATM transactions till December 30 at one?s own bank as well as others. The waiver applies
Read MoreGlobal trade may pick up slightly from fourth quarter of 2016: WTO
Global trade is likely to start picking up from last quarter of this year on account of modest gains in export orders and container shipping, the WTO
Read MoreOld notes to be accepted at fuel bunks, govt hospitals till Nov 24
Fuel stations and government hospitals will now accept the old series of Rs. 500 and Rs. 1,000 notes till midnight on November 24, instead of November
Read MoreRs 500, Rs 1000 notes ban set to boost gold imports in November
The government?s latest demonetisation move could drive up gold imports in November but demand outlook for the precious metal remains weak even in the
Read MoreSnapdeal to invest $100 million in fashion portfolio
India's third largest e-tailer Snapdeal has lined up an investment of $100 million over the next one year to further its fashion portfolio in face of
Read MoreRs 500, Rs 1000 notes ban bites, Azadpur Mandi traders feel the pain
The demonetisation of Rs 500 and Rs 1,000 notes has led to a drop in the arrival of fruits and vegetables (F&Vs) in wholesale markets such as the Azad
Read MoreReliance Defence, Israeli company to make Kalashnikov weapons
Reliance Defence and Engineering Ltd of the Anil Ambani Group is planning to manufacture Kalashnikov class of weapons for Indian armed forces in a joi
Read MorePrivate banks beat public sector banks in Q2 net profit
The combined profit of 16 private sector banks for the July-September quarter was 367.5% higher, or nearly four times, that of 23 state-owned lenders,
Read MoreChina data point to steadier economy for the moment
China?s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of US trade friction
Read MoreFMCG companies put focus back on rural India
At a recent press conference, Sanjiv Mehta, MD & CEO of Hindustan Unilever, the country?s largest consumer goods company, was vocal about the prospect
Read MoreAfter ban on Rs 500, Rs 1000 notes, Centre scrambles to satisfy cash starved public
Amid unending reports of hassles faced by the people due to legal-tender banknote shortage ? which has also impeded many economic activities where cas
Read MoreCircular No. 202/11/2016-ST
Withdrawal of exemption from service tax on cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers i
Read MoreNotification No. 49/2016-Service Tax
Seeks to amend notification No. 30/2012- ST, dated the 20th June, 2016 so as to put compliance liability of service tax payment and procedure on to th
Read MoreNotification No. 48/2016-Service Tax
Seeks to amend Service Tax Rules, 1994 so as to prescribe that the person located in non-taxable territory providing online information and database a
Read MoreNotification No. 47/2016-Service Tax
Seeks to amend notification No. 25/2012-ST dated 20th June , 2016 so as to withdraw exemption from service tax for services provided by a person in no
Read MoreNotification No. 46/2016-Service Tax
Seeks to amend Place of Provision of Services Rules, 2012 so as to amend the place of provision of ?online information and database access or retrieva
Read MoreCircular No. 1050/38/2016-CX
Combined Annual Return Form for Central Excise and Service Tax
Read MoreCircular No.51/2016-Customs
Rebate of State Levies on Export of Garments- revised rates regarding
Read MoreNotification No.RBI/2016-17/132
Usage of ATMs ? Waiver of customer charges
Read MoreNotification No.RBI/2016-17/131
Withdrawal of Legal Tender Character of Specified Bank Notes ? Expanding the distribution locations for deposit and withdrawal of cash
Read MoreNotification No.RBI/2016-17/130
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Applicability of the Scheme to DCCBs
Read MoreNotification No.RBI/2016-17/129
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Revision in limits
Read MoreNotification No.RBI/2016-17/128
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Reporting and Monitoring ? Information on Issuance of banknotes o
Read MoreNotification No.RBI/2016-17/126
Auction of Government of India Dated Securities
Read MoreNotification No.RBI/2016-17/127
Issue of Pre-Paid Instruments to foreign tourists
Read MoreNotification No.RBI/2016-17/125
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ? Reporting and Monitoring
Read MoreNotification No.RBI/2016-17/124
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ?Limit for Withdrawal of Cash
Read MoreNotification No.RBI/2016-17/123
Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1000/- Bank Notes ?Limit for Withdrawal of Cash
Read MoreNotification No.RBI/2016-17/122
Schemes for Stressed Assets - Revisions
Read MoreNotification No.RBI/2016-17/121
Scheme for Sustainable Structuring of Stressed Assets - Revisions
Read MoreNotification No.RBI/2016-17/120
Guidelines on capital requirements for bank exposures to central counterparties
Read MoreRegional connectivity scheme: Flying set to get costlier as Modi govt announces new levy
Flying is set to get costlier as Narendra Modi-led government on Friday announced new levy for regional connectivity scheme. To fund its plan to conne
Read MoreMayhem on Dalal Street: Five reasons why Sensex tanked by 699 points
There was mayhem on Dalal Street on Friday as BSE Sensex plunged by 699 points to dip below the 27,000-level on massive sell-off and persistent foreig
Read MorePM Narendra Modi, Shinzo Abe sign landmark India-Japan Civil Nuclear Deal
Prime Minister Narendra Modi, today met with Japan Prime Minister Shinzo Abe and signed the Civil Nuclear Deal between India and Japan. PM Narendra Mo
Read MoreYes Bank waives charges on withdrawals from other ATMs
Bringing some relief to its customers, private sector Yes Bank has waived charges on withdrawals from ATMs of other banks from November 11 to November
Read MoreSBI gets Rs 53,000 crore deposits till mid-day
SBI today said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about
Read MoreUganda's Economy Sound, Says IMF
The economy isn't in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment.Speaking at the conc
Read MoreChina Produces More Billionaires as Economy Slows
China's rich are defying the country's economic slowdown, growing their personal wealth at an astonishing pace and moving money abroad. Capital flight
Read MoreThis Gloomy New Data Could Dent Japan's Economy
Japan?s core machinery orders fell more than expected in September and the outlook pointed to more weakness, suggesting the economy may underperform a
Read MoreDonald Trump's win is Asia's economic loss if trade barriers rise
Just when China's economy seemed to be stabilizing, Donald Trump's election as US president poses significant new risks. Not just for Chinese growth,
Read MoreTata Chemicals Q2 net profit up marginally at Rs 293 cr
Tata Chemicals today reported a marginal increase in its consolidated net profit at Rs 293.04 crore for the second quarter of the 2016-17 fiscal, on l
Read MoreNetwork Equipment Maker Ericsson Cuts Outlook
Ericsson, the world?s biggest maker of mobile network equipment, cut its industrywide growth forecast on Thursday for the global market over the next
Read MoreAdobe to buy video ad firm TubeMogul for $540 mn
Photoshop software maker Adobe Systems Inc said on Thursday it would buy advertising company TubeMogul Inc for about $540 million, giving it a bigger
Read MoreDabur looks at Africa, West Asia for growth to beat slowdown
Dabur, the fast moving consumer goods major, is increasingly turning to markets outside India for growth, as the domestic market continues to be subdu
Read MoreIEA sees global market awash with oil in 2017 if no OPEC cut
The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating production from exporters around the globe
Read MoreEquity MF inflows hit 16-mth high of Rs 9,394 cr in Oct
Equity mutual funds witnessed an inflow of 9,394 crore in October, making it the highest in 16 months, mainly on account of optimistic investor sentim
Read MoreSun Pharma profit doubles on sales growth, licensing income
Strong sales growth in the key US market and product licensing income helped Sun Pharmaceutical Industries double its consolidated net profit in th
Read MoreDemonetisation lifts bank stocks, PSU banks soar to fresh 52-week highs
Banking stocks, especially those of public sector lenders, hogged limelight in Thursday?s trade on hope that the government?s decision to demonetise c
Read MoreNon-food credit grows to 9.23% from 9.07 in previous fortnight
Non-food credit in the banking system grew 9.23% year-on-year (y-o-y) during the fortnight ended October 28, up from 9.01% in the previous fortnight.T
Read MoreSLR-eligible bonds, T-Bills fit to be used for repo, reverse repo: RBI
All statutory liquidity ratio (SLR)-eligible government bonds, state development loans and treasury bills will now be eligible to be used for repurcha
Read MoreRs 500, Rs 1000 notes ban bonanza for taxman; Can now milk rich data to track income tax returns
The success of the demonetisation of the R500-1,000 notes will, no doubt, depend upon the proportion of the R14 lakh crore worth of such notes are des
Read MoreRP-Sanjiv Goenka Group plans Rs 200 crore infusion in Phillips Carbon Black
Phillips Carbon Black (PCBL) has decided to invest Rs 200 crore in the current financial year to debottleneck its twin plants in Palej and Mundra in G
Read MoreAditya Birla Nuvo Q2 net declines 12% to Rs 283 crore
Aditya Birla Nuvo Ltd (ABNL) has reported a decline of 12.1 per cent in its consolidated net profit at Rs 283 crore for second quarter ended September
Read MoreReliance Defence Q2 net loss narrows to Rs 116 crore
Reliance Defence and Engineering Ltd's standalone net loss narrowed to Rs 116.2 crore for the quarter ended September 30. The company had posted a net
Read MoreRs 500, Rs 1000 notes ban impact: Shopping malls, markets, e-retailers hit hard
The demonetisation of R500 and R1,000 notes has had an adverse impact on footfalls in malls, high streets and shopping hubs. In the online (e-commerce
Read MoreAfter Polaris Consulting profit plunges 28%, CEO Jitin Goyal quits
Polaris Consulting & Services, a Virtusa company, on Thursday reported a 27.88% drop in consolidated net profit for the September quarter and declared
Read MoreHighway construction rises to 20.4 km/day; Nitin Gadkari open to meet target
After three months of lull due to monsoon rains, the pace of highway construction has gathered momentum in October. Compared to 362 km, 367 km and 315
Read MoreDon't Cancel Tickets Booked With Old Notes: Government To Airlines
Government has directed airlines to ensure tickets issued using the now-withdrawn Rs. 500 and Rs. 1,000 notes directly from counters at airports are "
Read MoreIncome tax ?raids? in Delhi, Mumbai, other cities on stashed demonetised notes
The Income Tax department on Thursday undertook ?surveys and searches? in Delhi, Mumbai and parts of Punjab, two days after Prime Minister Narendra Mo
Read MoreBank of India reports net profit of Rs 127 cr in Q2
State-owned Bank of India has reported a net profit of Rs 126.84 crore for the second quarter ended September. The bank had reported a net loss of Rs
Read MoreRs 500, Rs 1000 notes ban: Can bonanza help govt to recapitalise banks
If those with black money do not convert all their R500/1,000 notes to new ones for fear of the taxman discovering their hoards, the government could
Read MoreIncome-tax (29th Amendment) Rules, 2016
Publish Date : Monday, November 7, 2016
Cramer sees a major shift in retail, consumer economy
Jim Cramer said Friday he sees a major shift taking place in the economy that will make investors think twice about which retail stocks to buy and sel
Read MoreFed?s Fischer Says Economy May Exceed Inflation, Job Goals
Federal Reserve Vice Chairman Stanley Fischer said the central bank could exceed its goals for inflation and employment as it probes the limits of res
Read MoreUS manufacturing economy fails employers and workers
James L Brown tried to hire a dozen workers for his metal foundry here. Half of them flunked the drug test.Those results are typical, says the preside
Read MoreUber And The Gig Economy - It's Not Job Creation That Matters But Consumption
Mark Muro of Brookings tells us over in the WSJ that there?s something wrong with Uber and the gig economy. His underlying assumption is that companie
Read MoreInsurance may fall under 12% tax slab in GST, from 14% service tax currently
Insurance industry is expected to come under the 12 per cent tax slab in the Goods and Services Tax (GST) regime that will be implemented from April 1
Read MoreConsumer companies to benefit the most from GST rates
Consumer staples, consumer durables and multiplex entities would have the biggest benefit from the proposed goods and services tax (GST) rates, say an
Read MoreYuan Drops to Record Versus Peers Amid Bets PBOC Helping Exports
China?s yuan dropped to a record low against a trade-weighted currency basket amid speculation policy makers are using recent dollar weakness to boost
Read MorePioneer Electronics to expand product portfolio; plans chain of experience zones
Japanese electronics major Pioneer plans to set up a chain of experience zones across the country in a store- in- store format to showcase and popular
Read MoreStarbucks posts higher quarterly revenue, issues cautious forecast
Starbucks Corp reported better-than-expected quarterly results on Thursday, as sales in the U.S.-dominated Americas region soothed concerns that the w
Read MoreNestle gets $145 million stake in food allergy specialist Aimmune
Nestle's (NESN.S) Health Science unit will invest $145 million (?116.21 million) in U.S. food allergy specialist Aimmune Therapeutics (AIMT.O), the la
Read MoreChinese conglomerate Dalian Wanda buys Dick Clark productions for $1bn
The Chinese conglomerate Dalian Wanda Group has finalized a $1bn deal to buy Dick Clark Productions, the company announced on Thursday.Dalian Wanda, a
Read MoreU.S. trade deficit sinks 10% to 19-month low
The U.S. trade deficit plunged 10% in September to a 19-month low, aided by a fourth straight increase in exports that gave the economy a boost in the
Read MoreGold import dips 55% in H1 of 2016-17
Gold imports dipped by about 55 per cent to USD 7.88 billion during the first half of 2016-17, which is expected to keep a lid on the current account
Read MoreSaudis could raise oil output again as sparring with Iran returns
Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh saying it could raise oil output steep
Read MoreP-Notes investment falls to Rs 2.12 lakh cr in Sep
Investments into domestic capital markets through participatory notes (P-Notes) dropped to Rs 2.12 lakh crore in September after hitting a five months
Read MoreLiquidity concern? NRIs redeem $2.1 bn FCNR-B deposits
In the week ended Friday, non-resident Indians redeemed around $2.1-2.5 billion of foreign currency non-resident bank (FCNR-B) deposits, treasurers wi
Read MoreRBI issues guidelines for forex hedging by foreign companies
Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in th
Read MoreAbu Dhabi firm wins $141 million project from ONGC
An Abu Dhabi-based company has won a $141 million contract from India's Oil and Natural Gas Corporation Ltd (ONGC) to provide engineering, procurement
Read MorePfizer Q2 net up 52% at Rs 126 cr
Drug firm Pfizer today posted 52.49 per cent rise in net profit at Rs 126.33 crore for the second quarter ended September 30, 2016-17. The company had
Read MoreTitan Q2 net profit rises 23.51% to Rs 181 crore
Titan Company on Friday reported a 23.51 per cent increase in standalone profit after tax to Rs 180.76 crore for the second quarter ended September 30
Read MoreAfter fine start to 2016, power generation growth turns sluggish
Power generation growth continues to limp due to sluggish growth in demand, as power stations run at a historic low utilisation, or plant load factor
Read MoreIndia, Japan to push $1.65-bn amphibian plane deal
The leaders of India and Japan will discuss ways of taking forward the $1.65-billion US-2i amphibian search and rescue aircraft deal, when Prime Minis
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