Business
'28% a Dying Slab': Arun Jaitley Hints at Lower Taxes, Says Single GST Rate in the Works
Arun Jaitley said the country should look towards having slabs of zero, five percent and a standard rate for luxury and sin goods like alcohol and cigarettes.
GST Racket Involving Fake Invoices Worth Rs 220 Crore Busted in Tamil Nadu, 2 Arrested
The accused had created bogus companies and bank accounts using PAN and Aadhar number of family members and employees.
Bengal's State-owned e-Commerce Firm MSTC Plans Reverse Auction of Onions to Aid Nasik Farmers
Mother Dairy would lend support to the endeavour by procuring 20 tonnes of onion a day, the official said.
Rupee Strengthens 50 paise to 69.94 Against US Dollar
The rupee appreciated by another 50 paise to breach the 70 per dollar-mark in opening trade on Wednesday on a persistent drop in crude prices amid fresh foreign fund inflows and sustained selling of the American currency by exporters and banks.
Corporate Social Responsibility Not to be Treated as Peripheral Activity, Says Union Minister
The Minister of State for Corporate Affairs also emphasised the CSR activities help in bridging the gap between rural and urban areas.
Centre Approves Extension of Ujjwala LPG Scheme to All Poor Households
Pradhan said the Cabinet Committee on Economic Affairs (CCEA) approved expanding the scope of Pradhan Mantri Ujjwala Yojana to cover poor families not having LPG connections and not covered under the existing beneficiary categories.
Jet Airways Shares Drop Over 4% on Reports of Nikos Kardassis' Exit
The airline, after a negative opening on the BSE, further slipped 4.55 per cent to Rs 248.10 per share. At 1324 hrs, the scrip was trading at Rs 249.7, lower 3.94 per cent from the previous close.
Sensex, Nifty Turn Cautious on Mixed Global Cues
Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.
TRAI Revamps Rules to Make Number Portability Quicker, Simpler
The latest amendments to the Telecommunication Mobile Number Portability regulations form part of the regulator's 'continuous endeavour' to make the process more 'subscriber-friendly', according to a statement by the Telecom Regulatory Authority of India...
Candidate for Chairman Post Finalised, Name to be Sent to RBI for Approval: Yes Bank
On the appointment of new MD and CEO, the bank said the 'Search & Selection Committee' (SSC) and the board are "on track" to complete the process within the stipulated timeline given by the RBI.
Nissan Seeks to Block Former Chairman Ghosn's Access to Apartment in Rio
Brazilian-born Ghosn has been detained in Tokyo since his November 19 arrest on suspicion of conspiring with former Nissan Representative Director Greg Kelly to understate his compe
Six of Top 10 Companies Lose Rs 54,916 Crore in Market Capitalisation
The market valuation of RIL slumped by Rs 22,153.28 crore to Rs 7,18,317.52 crore while that of ITC plummeted Rs 14,877.75 crore to Rs 3,35,637.09 crore.
ICRA Downgrades Jet Airways' Long-term Ratings to 'C'
Instruments with 'C' rating are considered to have very high risk of default regarding timely servicing of financial obligations.
Political Expediencies Can't Dictate Capital Buffer for Banks, Says Senior RBI Official
Executive director Sudarshan Sen said our banking system is short of at least Rs 4 trillion in capital if we were to follow the global best practices even at an 8 percent capital buffer.
Jet Airways Tells Pilot Union It Will Clear All Salary Backlog by April: Report
Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet's bankers on a rescue deal that may involve the Abu Dhabi-based airline increas...
50% Increase inNumber of People Filing I-T Returns, Says CBDT Chief
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra also exuded confidence that the Revenue Department would achieve direct tax collection target of Rs 11.5 lakh crore for the current financial year ending March 31, 2019.
