FE Bureau | January 2, 2018 7:22 AM
Power producer JSW Energy has decided not to go ahead with the proposed acquisition of the 500 mega-watt Bina thermal power plant from Jaiprakash Power Ventures, the company said in a filing to the stock exchanges on Monday.
Anti-profiteering crackdown: McDonald’s, Honda, HUL dealer caught in net; firms’ balance sheets under scanner nowSumit Jha | January 2, 2018 6:54 AM
Firms asked to submit FY17 P&L, balance sheets and invoices of raw materials used in the products.
Anushree Bhattacharyya | January 2, 2018 6:39 AM
Despite fewer blockbusters, 2017 wasn’t a bad year for Bollywood though online video streaming is becoming increasingly popular with viewers.
Mithun Dasgupta | January 1, 2018 6:21 AM
Gujarat NRE Coke (GNCL) is likely to face liquidation process as the creditors of the company have rejected the resolution plan, submitted by an Ahmedabad-based asset reconstruction company (ARC) — Rare Asset Reconstruction — under the corporate insolvency resolution process. Following this to save the company from going in to liquidation, employees of the Kolkata-based firm […]
FE Bureau | January 1, 2018 6:27 AM
The slippage could be of some 30 basis points relative to the GDP against FY18’s targeted fiscal deficit of 3.2%; few would be surprised if the stated glide path to have a only 3% deficit in FY19 is ultimately deviated too, although finance minister Arun Jaitley might choose not to concede it in the coming budget.
Surbhi Prasad | December 31, 2017 5:58 AM
Meanwhile, of the sanctioned 36 lakh houses under PMAY (Urban) till date since 2015, when the scheme was launched, about 15.65 lakh houses are being built, while 4.13 lakh houses have been constructed since the launch of the mission.
Meghna Sharma | December 31, 2017 5:48 AM
“Today millennials are always connected; if not shopping online, they do their research online before heading to a store,” says Shabori Das, senior research analyst, Euromonitor International
Gains of 28% and 29%, respectively, are the best performances by these indices since 2014
FE Bureau | December 30, 2017 5:30 AM
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.
Bhavik Nair | December 30, 2017 5:21 AM
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%.
Sumit Jha | December 30, 2017 5:16 AM
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 to buy Reliance Communications assets – From wireless spectrum to fibre business, here is listFE Bureau | December 29, 2017 6:19 AM
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).
Anushree Bhattacharyya and guest | January 19, 2018 6:24 PM
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.
FE Bureau | December 29, 2017 6:05 AM
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.
Bhavik Nair | December 29, 2017 6:01 AM
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.
Surya Sarathi Ray | December 29, 2017 5:56 AM
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
FE Bureau | December 29, 2017 5:51 AM
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.
Rishi Ranjan Kala | December 29, 2017 5:47 AM
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.
Rouhan Sharma | December 28, 2017 5:43 AM
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.
FE Bureau | December 28, 2017 5:36 AM
Centre to borrow an extra Rs 50,000 cr through dated securities in FY18; on fiscal slippage, jury still out
Surya Sarathi Ray | December 28, 2017 5:24 AM
Already allowed in garments and leather, these come with all entitlements of regular ones.
Sumit Jha | December 28, 2017 5:16 AM
The Goods and Services Tax Council may consider merging triplicate comprehensive tax return forms (GSTR-1, 2 and 3) into one consolidated form.
FE Bureau | December 28, 2017 5:09 AM
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.
FE Bureau | December 28, 2017 5:01 AM
The government on Wednesday slashed interest rates on small savings schemes.
Heavy discounts on cars to put December sales in top gear; from Hyundai to Mahindra, all offer details hereDecember 28, 2017 4:56 AM
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 […]
Debt reduction: Reliance Communications says exits strategic debt restructuring scheme, to sell key assetsFE Bureau | December 27, 2017 5:47 AM
Done without conversion of any debt into equity by lenders: Ambani; assets include spectrum, towers
Banikinkar Pattanayak | December 27, 2017 5:38 AM
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.
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