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Relief to bankers! Genuine business decisions won’t be questioned, says PM Modi

Before any action, scrutiny by serving finance or banking expert to be conducted.
corporate tax rate, Hindustan Times Leadership Summit, PM Modi, non-food credit growth, bankers, commercial decisions, Citizenship Amendment Bill  News

FDI norms: E-tailers to file annual report on compliance

E-commerce companies with foreign investments, such as Amazon and Flipkart, will have to submit a report prepared by statutory auditors, confirming their compliance of FDI policies by September 30 eve

E commerce, E commerce companies, foreign investment, Amazon, Flipkart, statutory auditors, audit report, FDI policy, DPIIT News

Vodafone Idea to shut shop if no relief given, says Kumar Mangalam Birla

Kumar Mangalam Birla, chairman of Vodafone Idea (VIL), says since govt won AGR case in SC, it gives them headroom to talk to judiciary and try to find some solution.

Kumar Mangalam Birla, chairman of Vodafone Idea, Vodafone Idea, AGR case, supreme court, vodafone idea share, vodafone idea news, vodafone idea kumar mangalam birla News

Budget 2020: Income tax relief on the cards? FM Sitharaman hints at personal I-T rates tweak

Budget 2020 India: Sitharaman cited the government’s efforts to control onion prices as also its schemes such as free cooking gas for poor women and financial inclusion programme Jan Dhan Yojana to

Budget 2020, Nirmala Sitharaman, personal I-T rates, direct tax code, Taxation Laws Bill, corporate tax rate,  Modi government News

Inflation fears: RBI cuts GDP forecast to 5% but doesn’t slash repo rate

Das stresses central bank’s inflation-targeting function, lobs growth ball into government’s court

Inflation, RBI, GDP forecast, repo rate, RBI governor, Shaktikanta Das, MPC, CPI inflation, food inflation News

Coal bids: Investors return, 5 mines allocated

Access to open market revives interest in captive blocks

Coal bids, coal ministry, Union coal ministry, Jindal Steel and Power, Vedanta, GST compensation fund, coal blocks News

Rice yield dip fuels scare of agri slump

Likely lowest production in nine years to push prices, reduce FCI burden

Production of rice, Rice yield, kharif crop, GDP growth, GVA, FCI, cotton crop, Skymet, crop damage News

CSR to get public lens for greater transparency

As part of the planned move, the implementing agencies will have to get registered with the MCA and details of their CSR work on behalf of each company and the progress in each project will have to be

CSR, ministry of corporate affairs, CSR programmes, tax incentives, national CSR portal, total CSR expenditure News

IL&FS reports net loss of Rs 22,527 crore

Kotak had earlier said that the board aims to address about 50% of the group's debt by March 2020.

Industry News

Cabinet approval: Firms free to store, process personal data overseas

Social media companies will be required to come up with a mechanism to track users on their platform who are willing to be identified on voluntary basis.

Industry News

Airtel to raise $3 billion, prepares for scenario where it needs to pay Rs 35,586 crore AGR dues

Analysts had said that the success of the fund-raising exercise would depend much on the kind of tariff hike the company undertakes in the near term.

Industry News

Funding CPSEs: Bharat Bond ETF to attract Rs 10,000 crore

The product has been crafted to cater to both wholesale investors — pension funds, insurance companies and provident funds — and retail investors.

Markets News

GST aid delay: Nirmala Sitharaman assures help sans timeline

Punjab finance minister Manpreet Singh Badal said, "We discussed that issue with the finance minister. Even the compensation for next period (October-November) will be due now.

Economy News

Taking wings! Vistara gets Rs 600-crore boost from promoters

Vistara plans to add 12 aircraft by March-end to lift its fleet size to 42, including wide-body Boeing 787-9, and Airbus A320 and A321 aircraft.

Industry News

Jio hikes tariffs by up to 39%; rates still 15-20% below rivals Airtel and Vodafone Idea

In the case of Bharti and Vodafone, the new revised tariffs have come into effect from December 3, while Reliance Jio had said that its revised tariffs will come into effect from December 6.

Industry News

Money-wise: Small savings outpace bank deposits

According to a recent Citi report, while leading banks paid 6.25-7.25% for one-year term deposits in November 2019, small savings schemes offered up to 8.6% in the same month.

Money News

Air India sale: Govt mulls foreign control of national carrier

An email to the DPIIT was unanswered. A representative for the aviation ministry didn’t immediately respond to a request for comment.

Industry News

Goodbye forbearance: COAI asks Trai to fix floor price for data

Since the 6 paise per minute is the termination rate, which operators need to pay to the network on which calls are made, in a way this is acting as a floor price.

Industry News

Sitharaman to meet state FMs today: Steps to boost GST revenue on agenda

GST mop-up in October — concerning mostly September transactions — came in at Rs 95,380 crore, 5.29% lower than in the year-ago month.

Economy News

Dumping by China? Singapore imports surge under the scanner

This level of annual spike in imports from Singapore has been unheard of despite the existence of the FTA for around 14 years now.

Economy News

Solar tenders remain hugely undersubscribed — Here’s what caused tepid response

A senior official of a major renewable company said on the condition of anonymity that uncertainties stemming from Andhra Pradesh's decision have led to a situation where projects, despite being compl

Industry News

November PMI: Manufacturing up modestly, but hiring hits a low

The manufacturing sector – which, as per IIP, witnessed a 3.9% contraction in September and showed continued signs of weakness in October with the relevant PMI hitting a two-year low – reported a

manufacturing sector, IIP, payroll numbers, production, hiring sector News

Financial revival: Airtel, Vodafone Idea, Reliance stocks surge after tariff revision

A rise of Rs 25-30 in Arpu of Bharti and Voda Idea seen

Telco stocks, Shares of telecom firms, Jio, Shares of Bharti Airtel, tariff hikes, BofAML, Vodafone Idea, Sensex News

RBI policy review: Weak credit flow biggest problem

Central bank may cut repo rate by about 25 bps to 4.9%, but slowing loan growth is an area of concern

Loan growth, credit flow, Reserve Bank of India, GDP, MCLR, WALR, G-Secs, policy repo rate reduction, liquidity News
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