FE Bureau

NCLT sets January 1 for IL&FS hearing; directs Sebi, I-T dept to file affidavits

The ministry application was made after an investigation by the Serious Fraud Investigation Office (SFIO) found large-scale irregularities in the financial statements and accounts of IL&FS.

IL&FS total defaults, IFIN, IL&FS, NCD, Uday Kotak News

Tata Motors aims to raise addressable market to 90%

Of any competition until 2015, Tata Motors considers 2018 as a turning point in the history of its passenger vehicle business with consecutive growth for 35 months and clocking the highest sales figures in 63 months in Januar

tata motors, latest news, important news, trending news

Profit margins of tea planters may contract amid wage hike

In March 2018, tea estate workers’ wages increased a significant 22-25% in north India, which accounts for almost 80% of the country’s total tea production.

tea garden, tea workers wage hike, tea producers, pan india auction, Indian Tea Association News

Government asks Koutons creditors to prove claims before January 25

Koutons manufactured a range of apparels for men, women and children, and marketed them through a network of more than 1,400 company-owned and franchise outlets across India.

koutons, koutons creditors, Koutons Retail India, KRIL News

Steel foray: Vedanta to invest Rs 40k crore in Jharkhand to build steel business

From mining, the company has entered into steel making and envisions a capacity like Bokaro Steel Plant of SAIL, which – after completion of its ongoing mass modernisation – is expected to reach a capacity of 10 million t

Vedanta, VEDL, EBITDA, ELSS,  Vedanta Resources, Jharkhand News

Road project execution to pick up: Icra

Even as the upcoming general elections in 2019 are expected to affect the length of road projects awarded by the government, construction of projects already awarded is expected to gather pace.

nhai, national highway authority of india, epc route, engineering, procurement and construction News

Profiteering: HUL asked to cough up Rs 380 crore – What GST authority found

The authority allowed deduction of Rs 68.7 crore only, accepting the firm’s claim that it provided extra grammage of products, while not reducing the prices.

hindustan unilever, hindustan unilever rating, HUL, GST News

Max Healthcare changes hands: Radiant Life Care, KKR to buy hospital chain

The resultant shareholding of the combined entity will be 51.9%, 23.2% and 7.0% (post sale of 4.99% in merged entity) held by KKR, Abhay Soi and Max Promoters respectively, with the balance being held by public and other shar

max hospital, max life insurance, max hospital licence, max licence, max hospital licence cancellation, max licence cancellation case, licence cancellation case, max hospital twin death case, max healthcare News

GST reforms: FM signals fewer slabs; main rate between 12% & 18%

While a panel headed by former chief economic adviser Arvind Subramanian, which had estimated a revenue-neutral rate (RNR) of 15-15.5%, had suggested a range of ‘standard’ tax rate of 17-18 per cent for bulk of goods and

gst slabs, arun jaitley, goods and services tax, gst council meet, gst rate, gst council meeting decision, sushil kumar modi, gst council meeting highlights, gst council meeting updates News

Crude oil imports see first monthly fall since sanctions

India has restricted its monthly purchase to 1.25 million tonne, or 15 million tonne in a year (300,000 barrels per day), down from 22.6 million tonne (452,000 barrels per day) bought in 2017-18.

Commodities News

Smart power meters: Government defers deadline to FY22-end

Power minister RK Singh had earlier said extensive penetration of pre-paid and smart meters would change the “ecosystem of electricity” by making power connection viable for the poor.

CERC, coal power plants, NTPC, Power Grid Corporation of India, CERC, National Electricity Plan News

ITC initiative a hit with some UP farmers

Asked about the cost of cultivation of moong, Singh said, he incurred about Rs 2,000 for seeds, fertiliser and water for the two-acre area where the crop was grown.

ITC initiative a hit with some UP farmers

Retail lending jumps 21% in Q2

The retail lending business saw a 21% year-on-year (y-o-y) growth during the second quarter of this financial year, led by a 32% y-o-y volume growth in credit card loans.

lending, Retail lending, banking, non banking, nbfc News

Equity mutual funds see inflows of Rs 1.24 lakh cr during January-November

Total amount collected through SIPs between January and November stood at Rs 80,645 crore, according to data from Association of Mutual Funds in India.

Equitas, shareholding, small finance bank, merger News

IWAI, Cochin Shipyard tie up for waterways to go green

Cochin Shipyard would retrofit the boats at its facility in Kolkata. The shipyard had recently formed a joint venture with the city-based Hooghly Dock & Port Engineers.

Cochin Shipyard blast, ONGC tanker ship, Pon Radhakrishnan, Cochin Shipyard blast news, latest news on Cochin Shipyard blast, kerala News

JICA to provide Rs 20,000-cr funding to Chennai Metro

On the total length of second phase of the 108-km Chennai Metro, a ground level work will begin soon. The 108-km network is expected to become operational by 2024.

chennai metro, metro, tamil nadu, JICA chennai metro News

Supply to duty-free shops liable to GST, rules high court

The petitioner said he wanted to supply goods to duty-free shops situated in the duty-free area at international airports.

GST collection, total GST collection, income tax file returns, gst returns, GSTR 3B returns , IGST, SGST, Central GST  News

Grain drain: Farmers lose Rs 1.5 lakh crore, get waivers of Rs 28,000 crore

Whether Modi succumbs to the pressure remains to be seen, but it is important to keep in mind that this is not the issue; what matters more is market access.

Farm credit, agricultural credit, MSME sector , micro-finance institutions, news, farm loan, Pradhan Mantri Fasal Bima Yojana, PMGBY, loan waiver, farmers loan News

Loans to developers could cause trouble for NBFCs, HFCs

The real estate sector shows few signs of recovering in the near term as sales have been sluggish and inventories remain high.

real estate, real estate in 2018, real estate trends in 2019, real estate in India, RERA, GST, NBFC crisis News

More than 4,000 jobs in Artificial intelligence lying vacant: Study

While 57% organisations hiring for AI look for candidates with five-years-plus experience, the average AI experience of Indian professionals is a mere three years.

Artificial Intelligence, Geographic Information Systems, Deep Learning, machine learning, technology News

GST Council: With rate cut for 23 items, 28% slab ‘moving to sunset’

The council also decided to review the taxation of the real estate sector and consider if small services industries could be brought under the benign tax composition scheme.

arun jaitley, fm arun jaitley, gst council meet, gst council, goods and services tax, News

Fake GST receipt alert! Vadodara Commissionate busts racket generating fake invoices

Based on fake invoices valued at about Rs 70 crore received through courier and other means, the said company also availed more than Rs 12 crore of fake input tax credit.

gst, gst council meeting, arun jaitley, fm arun jaitley News

RBI seriously underestimated NBFC problem… Googlies like IL&FS should not have happened: Ex-CEA Arvind Subramanian

Ex-CEA Arvind Subramanian says imposing a lot of cost on a lot of people was ‘instrinsic to demonetisation’s success’, notes the reasons why growth has not been robust, repeats that working with government was the best

arvind subramanium, cea, legitimacy in regulating capital, credibility in capital News

Ranbaxy sale: Setback for Singh brothers; Singapore court slaps Rs 3,500 crore damages

This means that the Singh brothers can now no more delay payment to Daiichi Sankyo as the Indian courts have refused also any relief to them. Daiichi had taken the Singh brothers to the Singapore arbitration tribunal in 2013

Industry News

Snoop on computers: Status quo in law prevails, say experts

The order, which came on Thursday night was brought out by the 'cyber and information security' division of the ministry under the authority of home secretary Rajiv Gauba.

India News

GST rate cuts: These items could get cheaper

Since the GST was launched, the council had undertaken several rate reductions till the July 2018 meeting. In all, rates were reduced for 384 commodities and 68 services while there hasn't been a single instance of a rate inc

Economy News

These three states top in Niti Aayog’s SDG index

Kerala and Himachal Pradesh with matching scores have emerged as the top performing states in the NITI Aayog's Sustainable Development Goal index, which evaluates each state's progress in social, economic and environmental pa

Economy News
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