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Not slowing down: JSW Steel to plough ahead with Rs 50,000 crore capex plan
“There are not many players expanding capacity. So, if you can create capacity by the time the industry looks up, maybe after 2-3 quarters, we are fine,” Rao said.
How India will be impacted after attack on Saudi Arabian crude oil processing facilities
The petroleum ministry said oil refiners have been informed of sustained crude supplies by Saudi Arabia but added that it was closely monitoring the situation.
Strike in Saudi Arabia: Oil prices jump most since 1991 Gulf crisis
Brent crude futures rose as much as 19.5% to $71.95 per barrel, the biggest intraday jump since January 14, 1991. By 10:37 am EDT (1437 GMT), the international benchmark was up $6.4330, or 10.7%, at $
Ayushmann Khurrana doubles brand endorsement fee after a string of hits
The actor, after recently being honoured with the ‘Best Actor’ award at the 66th National Film Awards for his performance in Andhadhun, has sharply hiked his brand endorsement fee from Rs 90 lakh-
Why not pay HCC dues of Rs 6,070 crore? SC asks govt and NHAI
The company said it has to receive money from government bodies under arbitration awards, which are deemed to be dues under the Arbitration Act.
PM-KMY: Over 14 lakh join Modi govt’s pension scheme for farmers
According to the agriculture census 2015-16, out of 12.56 crore small and marginal farmers (based on operational holdings), only 14.36% were female.
PSU Disinvestment: IOC, NTPC, BPCL, GAIL may go into private hands this fiscal
Stake sales in the Maharatna firms — namely IOC, NTPC, BPCL and GAIL — could happen either through the OFS or ETF route; strategic sale of at least one of them is also on the radar. In all these C
Bonanza for PSU insurers: National, Oriental and United may get Rs 12,000 crore after merger
Since the Budget 2019-20 hasn’t made any provision of funds for insurers, the department of financial services (DFS) will soon seek supplementary demand of Rs 12,000 crore for this purpose, the sour
Facebook VP Nick Clegg says India’s policy will decide the fate of internet
Clegg joined Facebook last year against the backdrop of the social media giant facing immense pressure over issues like bypassing of government regulation, data protection and fake news.
Car sales slump deepens in September
“Sales during the shraadh period are negligible and since the period ends on September 28, the entire month is likely to be a complete washout,” a Maruti Suzuki dealer said.
Existing export policy to be replaced with Rs 50,000 cr scheme, all you need to know
The existing remission of central and state levies scheme, meant for just garments and made-ups exports, will also be subsumed by the new scheme called Remission of Duties and Taxes on Export Product.
Good news for homebuyers! Stuck housing projects to get Rs 10,000-crore lift
The new fund will have an NIIF-like structure where the government will contribute half of the corpus and other investors, including foreign ones and domestic financial institutions like LIC, will do
Digital payments: NPCI cuts ceiling on merchant fees to banks
The merchant discount rate (MDR) for QR-based card transactions has also been fixed at no more than 0.5%, going up to Rs 150 per transaction.
Car sales slump: Mahindra extends plants shutdown for 3 days
In a stock exchange filing, the Mumbai-based automaker said its automotive sector plants will be shut for an additional three days, while the farm equipment manufacturing plants will be shut for one-t
From bad to worse? Exports contracts 6.1 pct in August, imports collapse
Trade deficit remained as high as $13.45 billion, slightly higher than in July.
E-Assessment: I-T returns vetting now only in ‘faceless’ mode
The e-assessment Scheme 2019, however, would provide an opportunity to the assessee to seek a personal hearing but it would have to be conducted exclusively through video conferencing.
RBI puts out draft norms for ‘on tap’ licensing of SFBs
he promoter stake will have to be brought down to a maximum of 30% of the paid-up voting equity capital within 10 years, and to a maximum of 15% within 15 years from the date of commencement of busine
Flipkart pins hopes on Big Billion Days sale, sets stiff target
The Bengaluru-headquartered firm is looking to clock gross sales that are 11 times more than on a normal business day, persons in the know said.
Revamped scheme: Ravi Shankar Prasad to meet electronics firm’s bosses
Electronics companies will be encouraged to set up their bases in India along with their suppliers, so that the whole ecosystem can be developed.
GST shortfall: Compensation to states may continue till FY 25
A final decision, of course, will be taken by the GST Council, with which the Commission will converse at the former’s Goa meeting on September 20.
Random prosecutions to end: Norms eased for TDS defaults, tax evasion charges below Rs 25 lakh
The circular, issued on Monday, came into immediate effect. It would also apply to all pending cases where complaints are yet to be filed.
Revamp for Lutyens’ Delhi: Centre floats tender for redevelopment
The ministry of housing and urban development has floated a tender to hire a global design firm to draw the blueprint for redeveloping the Parliament House and the 3-km Central Vista from Rashtrapati
Fraud case: SC quashes Delhi HC bail order for Bhushan Steel ex-CFO Nittin Johari
A bench headed by Justice NV Ramana cancelled the bail granted to Johari, who is a co-accused in the Bhushan Steel case, on an appeal by the SFIO challenging the August order of the HC.
Comforting numbers: July IIP up 4.3%, August inflation at 3.21%
Consumer durables shrank for a second consecutive month, mirroring the drop in sales of automobiles, among others, and indicating a decline in urban demand.
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
