Saurabh Kumar | November 17, 2017 6:17 AM
A year and half after the launch of the Modi government’s flagship Pradhan Mantri Ujjwala Yojana (PMUY), the average rate of LPG cylinder refills by the beneficiaries stands at an annual 3.7 per connection issued.
India Inc quarterly returns: Festive season cheer bypasses corporates as costs jump, margins get squeezed; auto sector bucks trendFE Bureau | November 16, 2017 6:16 AM
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 and oil marketing companies) declining by 1.41% compared with the same period last year.
Saurabh Kumar | November 16, 2017 6:05 AM
As the deadline for submission of expressions of interest (EoI) for oil and gas fields under the Open Acreage Licensing Policy (OALP) ended on Wednesday, state-run ONGC with 26 EoIs and Cairn India with 15 have topped others in evincing interest.
Delhi air pollution: Bharat Stage VI (BS VI) deadline advanced by 2 years; automakers, oil companies face big challengeFE Bureau | November 16, 2017 5:58 AM
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 capital territory by two years to April 1, 2018 in the wake of alarming levels of air pollution in the area, automakers seemed to brace up to the new challenge rather than resist it.
FE Bureau | November 15, 2017 7:00 AM
Wealth in India grew 9.9% in the past 12 months to touch $5 trillion in mid-2017, Credit Suisse Research Institute’s 2017 Global Wealth Report showed.
Reliance Jio lands big blow, but Airtel, Vodafone, Idea Q2 saved by bundled plans as data, voice volumes surgeFE Bureau | November 15, 2017 6:36 AM
The July-September earnings of the country’s top three telecom operators — Bharti Airtel, Vodafone India and Idea Cellular — show that while competitive pressures that began with the launch of commercial services by Reliance Jio continue on the incumbents, thanks to bundled plans their voice and data volumes have surged.
Reuters | November 14, 2017 7:09 AM
American Tower Corporation has agreed to buy about 20,000 mobile phone masts for Rs 7,850 crore from Indian network operators Idea Cellular and Vodafone India, who are seeking to merge.
Jaypee Infratech case: Supreme Court cracks whip, orders directors of real estate company to present themselves on Nov 22FE Bureau | November 14, 2017 7:01 AM
Coming down heavily on Jaiprakash Associates (JAL) for failing to deposit Rs 2,000 crore to cover part of its subsidiary Jaypee Infratech’s liability towards 32,000 homebuyers, the Supreme Court on Monday asked the directors of the real restate firm to be personally present before it and disclose their personal assets on November 22.
Saurabh Kumar | November 14, 2017 6:51 AM
The State-run ONGC has said it will resist the government’s reported move to hand over its 11 “discovered” hydrocarbon fields to private operators for their expeditious development.
FE Bureau | November 14, 2017 6:32 AM
Indian students spent a massive $6.54 billion in the US in 2016-17, up 30% from the previous year, dwarfing the North American country’s foreign direct investment (FDI) of $2.37 billion in India.
Rouhan Sharma | November 13, 2017 5:02 AM
The value of projects awarded to build roads, railways, mining infrastructure, irrigation systems, water supply systems and power transmission lines fell 20.5% year-on-year to Rs 1.38 lakh crore in April-October 2017.
Adani Power, GMR Energy, Lanco Infra hit by faulty fuel index; power firms losses soar to Rs 8400 crAnupam Chatterjee | November 13, 2017 4:52 AM
A faulty fuel escalation index, which excludes assorted taxes and levies on coal and its transportation via the railways, has caused under-recoveries of Rs 8,400 crore to a clutch of independent producers over the five years to FY17.
Prasanta Sahu | November 13, 2017 4:48 AM
While a clear-cut policy for closure of perennially loss-making public sector units and redeployment of their assets/privatisation is yet to be spelt out by the government, these units continue to be an inexorable drain on the exchequer.
FE Bureau | November 12, 2017 5:37 AM
Reliance Infrastructure on Saturday reported a 4.7% year-on-year decline in Q2FY18 net profit to Rs 543.81 crore. Total income rose 5% y-o-y to Rs 7,621 crore. Earnings before interest, tax, depreciation and amortisation was up 6% y-o-y to Rs 2,256 crore.
FE Bureau | November 12, 2017 5:37 AM
Infrastructure and heavy engineering major Larsen and Toubro (L&T) has cut its order inflow guidance for the full year ended March 2018, and now expects to close the financial year with only a nominal increase over last year’s numbers, as the ordering environment continues to be challenging and procedural delays prolong the project award momentum.
Roadmap to boost economic growth: From skilling to jobs, here is what EAC suggested to PM Narendra ModiFE Bureau | November 11, 2017 5:45 AM
The Economic Advisory Council to the Prime Minister (EAC-PM) on Friday spelt out a clear roadmap for stepping up skill development, job creation as well as investments in health, education and infrastructure to boost economic growth.
FE Bureau | November 11, 2017 5:41 AM
Axis Bank announced on Friday that it that had received commitments from a clutch of investors including Bain Capital Private Equity and Life Insurance Corporation of India (LIC) for capital infusion of Rs 11,626 crore through a preferential allotment of equity shares and warrants.
GST Council meet: From 230 items in 28 pct slab, just 50 remain; sin goods, cement still in top slabSumit Jha | November 11, 2017 5:40 AM
Having undergone constant administrative/structural changes and rate revisions since its July launch, it was an overhaul that awaited the goods and services tax (GST) on Friday.
Saurabh Kumar | November 10, 2017 6:28 AM
The Narendra Modi government’s flagship Pradhan Mantri Ujjwala Yojana (PMUY), which has provided more than 3 crore liquefied petroleum gas (LPG) connections to poor households over the last one and a half years.
FE Bureau | November 10, 2017 6:23 AM
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 Friday, leaving only 40-odd items in this category, according to government officials.
Priyanka Ghosh | November 10, 2017 7:00 AM
More than half the registered apartments in the Mumbai Metropolitan Region (MMR) of 6.7 lakh or approximately 3.5 lakh homes have not found buyers so far, according to data on the MahaRERA website.
Shayan Ghosh | November 10, 2017 6:23 AM
Financial claims received by the resolution professional (RP) for Essar Steel from lenders, operational creditors and employees have crossed Rs 77,770 crore. Of this, the RP had till October 18 acknowledged Rs 50,000 crore, according to a statement on the company’s website.
Setback for IT industry as hub Bengaluru gets first trade union after Karnataka government goes back on standFE Bureau | November 10, 2017 6:09 AM
At a time when the information technology (IT) sector is hiring fewer people, companies in Bengaluru will have to deal with a recognised trade union.
Airfares soar on Delhi airport woes, smog; Jet Airways ticket to Mumbai priced at Rs 1 lakh; GoAir charging Rs 43,518FE Bureau | November 9, 2017 7:25 AM
Prices of air tickets soared on Wednesday with a Jet Airways ticket from Delhi to Mumbai available for Rs 1,05,000 after the closure of one runway at Delhi airport
FE Bureau | November 9, 2017 8:41 AM
Opposition’s ‘black day’ and the government’s ‘anti-black money day’ stances mirror their positions
Banikinkar Pattanayak | November 9, 2017 5:59 AM
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 par with stock and commodity exchanges.
FE Bureau | November 8, 2017 5:54 AM
The government and the Opposition on Tuesday tenaciously stuck to their stated positions on demonetisation, a year after the dramatic step to cancel Rs 1,000 and old Rs 500 notes was taken by the former as part of its project to rid the economy of its black component.
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