Pick up close to $500 million worth of bonds; Monday’s auction saw an over-subscription of 1.5 times
SC restrains high courts from entertaining any petition related to the judge’s death
The International Monetary Fund (IMF) on Monday kept its growth projection for India unchanged at 6.7% for the current fiscal, despite the Central Statistics Organisation recently estimating the country’s economic expansion at a four-year low of 6.5%. India will again emerge as the world’s fastest-growing major economy, at least for the next two years, the IMF said.
Consumer demand on recovery mode, but pricing power subdued in many industries
State-run ONGC has got its borrowing limit raised to Rs 35,000 crore to fund its acquisition of the government’s entire 51.1% stake in Hindustan Petroleum (HPCL) in an off-market deal.
Budget 2018: The anticipated push for exports in the upcoming Budget to boost jobs is unlikely to include substantial relief to special economic zones (SEZs) that were once the growth engine for the country’s outbound shipments. The minimum alternate tax (MAT) on SEZ units and developers, which has jeopardised the tax-free status of these enclaves and severely undermined their export potential, is unlikely to be removed in the Budget for 2018-19.
A fairly hefty $7 billion flowed into e-commerce ventures in 2017, data put together by research firm Jefferies shows, suggesting Indian e-retailers are living up to their promise.
The Centre and state-run oil explorer ONGC on Saturday clinched a deal for the latter’s acquisition of the government’s 51.11% stake in Hindustan Petroleum Corporation (HPCL) for a consideration of Rs 36,915 crore.
If 3D and 4DX changed the experience of watching a movie in theatres, as viewers got a chance to experience motions such as air, vibrations, etc, virtual reality (VR) is expected to change the way viewers have so far watched the popular T20 tourney, the IPL.
Clearly, with the growth of internet penetration in a country that skipped the desktop revolution and went straight to mobile, mobile-specific advertising will be dominating the digital advertising space for years to come.
Reliance Industries Ltd (RIL) reported a strong set of numbers for the three months ended December 2017, beating street estimates on all fronts.
Continues to beat peers on data volumes and usage per customer
If the cotton crop in Maharashtra and elsewhere became vulnerable to pink bollworm (PBW) attack, the blame should lie with the local seed companies who could not get the farmers to comply with the required protocol to resist it, Monsanto, which out-licensed Bollgard II technology to these firms, has said.
Honda Cars India is recalling 22,834 units of the Accord, City and Jazz models in the country as part of a global exercise to rectify faulty airbags.
The easier returns-filing system being put in place by the Goods and Services Tax (GST) Council may even dispense with the summary return form GSTR 3B eventually.
Final decision on Nilekani proposal soon; govt worries about evasion, talks of need for measures like e-way bill
Oct-Dec net down 11% sequentially at Rs 306 cr; IUC cut impacted revenues by Rs 1,062 cr, Ebitda by Rs 338 cr and ARPU by Rs 16
The Telangana government has drawn up a scheme under which farmers in the state will be given Rs 4,000 per acre twice a year to cover the costs of major inputs such as fertilisers, seeds and pesticides.
The decision to trim the additional borrowing comes a day after the bond market saw a sharp sell-off led by Reserve Bank of India (RBI) deputy governor Viral Acharya’s comments that the interest rate risk of banks could not be managed over and over again by the regulator.
Detailed invoice-level filings are important because it is only after these details are available that GST authorities can check the levels of tax evasion.
The foods and refreshments segments saw some pressure on profitability, but improved profitability in the home care and personal care segments, which together account for about 76% of revenues, ensured that on aggregate the company’s profitability improved.
A part of the $18-billion OP Jindal Group, JSPL has iron & steel plants in Chhattisgarh, Odisha and Jharkhand in India, and also in Oman. In the September quarter of 2017-18, RBI had asked banks to classify JSPL along with a few other companies as NPAs, as part of its annual review.
The yield on the more widely-traded benchmark surged to 7.58% intra-day before ending the session at 7.55%, the highest level since it was introduced in May last year.
If the recharge is made directly by consumers, the Rs 400 cash-back will accrue through eight vouchers of Rs 50 each.
The mechanism will ensure that transporters and other taxpayers will not be required to visit any tax office or check-post, GSTN CEO Prakash Kumar said. Kumar added that tax inspectors might conduct random checks to confirm if a particular consignment has been registered on the portal or not.
The analysis, by Pulak Ghosh of IIM Bangalore and Soumya Kanti Ghosh of State Bank of India, was released on Tuesday. The data are at variance with not just headline GDP data, it doesn’t jell with consumption or investment data either.
Budget 2018: In case of health insurance policies, the taxpayer is entitled to a deduction of Rs 25,000 (Rs 30,000 for senior citizens) which was last changed in Finance Act 2015, considering the current inflation in healthcare cost there is a further need to increase the deduction limit.