The Centre’s fiscal deficit breached the budgeted level to touch 112% of the full-year target in just eight months, reinforcing concerns about a slippage in 2017-18.
Bonds on Friday reversed their losses with the yield on the benchmark dropping to a low of 7.265% in intra-day trades before closing the session at 7.326%.
This means their average sales are Rs 8 lakh a year, but firms with turnover below Rs 20 lakh don’t need to file anyway
Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries, on Thursday said it was buying a clutch of wireless assets from Reliance Communications (RCom) including wireless spectrum, tower, fibre and media convergence nodes (MCNs).
While the EQL has impacted Google and Facebook, among others, sources privy to the government’s thinking on this expect a clutch of other e-commerce and other online activities to be brought under its purview.
The Securities and Exchange Board of India (Sebi) on Thursday ushered in the convergence of securities and commodities trading on a single exchange and cleared the listing of security receipts issued by a securitisation and reconstruction company.
Bonds sold off sharply on Thursday, sending the yield on the benchmark soaring to 7.396%, an over-18-month high, after the government announced on Wednesday it was borrowing an additional Rs 50,000 crore by way of dated securities.
The government has developed cold feet on a plan to extend the benefits (provident fund, insurance & pension) under the Employees’ Provident Fund (EPF) scheme to unorganised sector workers, who are 90% of the country’s 50-crore workforce. A
Defaulting promoters who had already submitted resolution plans for insolvent companies before an ordinance in November made them ineligible to do so without clearing dues first will get up to a month to come clean to be eligible to bid for the stressed firms.
October turned out to be a particularly upbeat month for telecom operators, barring Idea Cellular, as all of them reported a spike in their 4G mobile data speed (download) during the period, on the back of four consecutive months of decline.
Land acquisition has unquestionably been the biggest hurdle in road development. But what’s become another cause for concern is the rising cost of land acquisition.
Centre to borrow an extra Rs 50,000 cr through dated securities in FY18; on fiscal slippage, jury still out
Already allowed in garments and leather, these come with all entitlements of regular ones.
The Goods and Services Tax Council may consider merging triplicate comprehensive tax return forms (GSTR-1, 2 and 3) into one consolidated form.
The Sebi on Wednesday directed Axis Bank to conduct an internal inquiry into the leakage of unpublished price-sensitive information relating to its financial results.
The government on Wednesday slashed interest rates on small savings schemes.
It’s that time of the year when car manufacturers and dealers roll out a host of exciting offers and attractive discounts to clear inventory before the New Year to make space for new models with higher prices in the showrooms. With passenger vehicle sales registering a heady 14.3% surge in November over the same month […]
Done without conversion of any debt into equity by lenders: Ambani; assets include spectrum, towers
The Securities and Exchange Board of India (Sebi) board will consider proposals to ease compliance norms for insolvent firms — especially with regard to trading, listing and de-listing, and declaring results — at its meeting on Thursday, sources said.
The chances of at least a modest fiscal slippage for the Centre in 2017-18 appeared increasingly likely on Tuesday, after official data said November goods and services tax (GST) collections were just Rs 80,808 crore, down from around Rs 83,350 crore revenue garnered in October till the
corresponding reporting time, and much lower than a comparable monthly average of close to Rs 92,000 crore in the July-September period.
2017 was not only the year of crashing mobile data prices — from a high of Rs 250 per GB to as low as Rs 5-10 per GB — it was also the year when crashing data prices along with increasing penetration of smartphones spoiled consumers with regard to their choices for entertainment.
PMO directive on local purchases, firm stance by steel ministry’s standing committee threaten to hit railways’ capex plans
The Indian Railway Catering and Tourism Corporation (IRCTC) and Coal India (CIL) are joining hands for a project to use the excess groundwater from the latter’s mines to produce purified packaged water being sold under IRCTC’s popular Rail Neer brand.
Deals in the roads sector remained in the slow lane in 2017 with private equity investors mostly keeping an eye on projects coming up for bidding under the toll-operate-transfer (TOT) model.
The missive, third from CBEC in less than a month, shows its anxiety over ‘high’ transitional claims
These firms are being liquidated under NCLT even as resolution plans for only 5-6 companies have been approved so far
Renewables, digital transformation with Jio & new materials seen as growth drivers