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Why Punjab shouldn’t be India’s rice bowl and Maharashtra must shun sugarcane
FE Bureau | April 23, 2018 5:51 AM
Punjab farmers, helped by near-total irrigation, stick to rice cultivation since it is profitable for them.
MTNL is winding up finally; here’s why
Prasanta Sahu | April 23, 2018 5:41 AM
Telco in dire straits with losses higher than revenue, but latest trigger is hefty licence renewal fee
UDAY scheme impact: Now, complacency to cost electricity discoms dear
Anupam Chatterjee | April 23, 2018 5:34 AM
If the state governments still wanted to keep electricity subsidies, they should give these to the intended beneficiaries via the direct benefit transfer (DBT) route, rather than burden the distribution companies (discoms) by making them the transfer agents, power minister RK Singh said.
Export growth may falter in Financial Year 2019; here’s why
FE Bureau | April 23, 2018 5:30 AM
Merchandise exports hit a three-year high in 2017-18 but slowing growth in shipments of manufacturing goods and raw materials, collateral impact of a global trade war, unfavourable base effect for roughly half the year and temporary discomfort to traders due to last month’s ban on the widely-used letters of undertakings (LoUs) pose risks to export growth in the current fiscal year.
Music streaming apps: Why it takes a telco to tango
Anushree Bhattacharyya | April 23, 2018 5:25 AM
JioMusic, the free-to-use music app, topped the charts in terms of unique visitors which stood at 19 million in February this year.
RP tells NCLT Rewant Ruia end beneficiary of Numetal
FE Bureau | April 22, 2018 4:36 AM
Rewant Ruia is one of the ultimate beneficiaries and owners of a shareholder of Numetal — one of Essar Steel’s bidders — through various holding companies and trusts, Essar Steel’s resolution professional Satish Kumar Gupta has told the Ahmedabad Bench of the National Company Law Tribunal (NCLT).
Crackdown on economic offenders, child rapists
FE Bureau | April 22, 2018 4:31 AM
The Cabinet on Saturday cleared a proposal to promulgate an ordinance to attach assets of fugitive economic offenders like jeweller Nirav Modi, after efforts to get Parliamentary approval for the Fugitive Economic Offenders Bill (FEOB) in the recently-concluded Budget session failed.
HDFC Bank Q4 net up 20% at Rs 4,799 crore
FE Bureau | April 22, 2018 4:23 AM
HDFC Bank on Saturday reported a 20.3% year-on-year (y-o-y) growth in net profit for the March quarter of 2017-18 to Rs 4,799 crore on the back of higher net interest income (NII), coupled with a rise in other income.
Green fashion: The way ahead
Meghna Sharma | April 22, 2018 4:18 AM
Many fashion labels are taking measures to balance their growth trajectory with their social footprint
TCS nears $100 billion in market capitalisation
Yoosef KP | April 21, 2018 5:13 AM
The Tata Consultancy Services (TCS) share clocked its biggest single-day gain in six years of 7% on Friday, taking its market capitalisation up by Rs 42,497 crore ($6.4 billion) to Rs 6.53 lakh crore, tantalisingly close to $100 billion.
Hawkish RBI minutes: Bond yields spike, rupee collapses
FE Bureau | April 21, 2018 5:04 AM
Tone differs from April statement; rupee at over one-year low, yield at a one-month high on rate hike fears
1st time! Opposition parties move to impeach CJI
Express News Service | April 21, 2018 4:55 AM
Seven Opposition parties, led by the Congress, launched an unprecedented move to impeach Chief Justice of India (CJI) Deepak Misra, accusing him of corruption, misusing his authority and failing to protect the independence of the judiciary.
Drain on exchequer: Despite UDAY, state PSUs eat into budget funds
Prasanta Sahu | April 21, 2018 4:47 AM
Companies owned by state governments persisted with their relentless draining of the exchequer in FY17, an analysis of some 400 of them — nearly half of the total — by FE showed.
4th quarter: TCS beats expectations on most parameters
FE Bureau | April 20, 2018 5:24 AM
Strong demand in digital boosts net profit; revenue too comes in above what was predicted
Air India sale: Not looking for airlines alone, says government
FE Bureau | April 20, 2018 5:17 AM
Amid reports that domestic private airlines have developed cold feet in bidding for Air India due to the tough conditions and doubts about the worth of the state-run carrier, a top finance ministry official on Thursday said not just airlines but other firms having sufficient net worth and the ability to run AI could buy the 76% stake on the block.
Race for Essar Steel: ‘First Arcelor Mittal, Numetal bids valid’
FE Bureau | April 20, 2018 5:12 AM
NCLT faults RP, CoC for ‘not following due procedures’; holds inviting second round of bids ‘invalid’
Rajasthan Health Insurance: Frauds get easy as mandatory Aadhaar cheks eased, insurers complain
Sunil Jain | April 20, 2018 5:07 AM
Health insurance claims in Rajasthan under the government’s Bhamashah Swashthya Bima Yojana have shot up dramatically, from Rs 7.5 crore in the first week — the current scheme began on December 13, 2017 — to Rs 20.3 crore in the 17th week, taking the current claims ratio to around 70% already (see graphic).
Cash shortage: Government, banks up supplies
FE Bureau | April 19, 2018 6:06 AM
According to an SBI Ecowrap report, the apparent shortfall in cash could be around Rs 70,000 crore or even less.
2nd round: ABG Shipyard: Notice calls for fresh bids under IBC
Shamik Paul | April 19, 2018 5:56 AM
While it is not clear how ABG was allowed to pile up loans of a staggering Rs 19,000 crore, the fact is lenders today are saddled with the highest stake in the firm of 49%.
1-day default norms: RBI DG flags rising breaches
Shayan Ghosh | April 19, 2018 5:50 AM
Borrowers too, he said, should realise they must meet payment obligations as per the contract and it is no longer enough to pay up only by 60/90 days past the due date.
Opensignal study: Airtel, Jio are the best and the worst in download speed, coverage
FE Bureau | April 19, 2018 5:45 AM
While Bharti Airtel has topped the chart in terms of 4G download speed of 9.31 Mbps and Jio is at the bottom with a download speed of 5.13 Mbps, the ranking is the opposite when it comes to network coverage.
Cash crunch: No pan-India deficit, says Modi government and RBI
FE Bureau | April 18, 2018 2:41 AM
There is no dearth of money supply but a disparity in circulation in certain areas that have caused the current problem, the government suggests.
Attaining closure: Vedanta gets NCLT nod for Electrosteel
Mithun Dasgupta | April 18, 2018 2:33 AM
The entire amount, the company said in a statement, would be used to pay financial creditors. This implies the lenders are taking a fairly large haircut of 60% given the company’s outstanding debt is Rs 13,175.15 crore.
GST: GoM approves new single-page return
FE Bureau | April 18, 2018 2:29 AM
The group of ministers (GoM) on Tuesday met about 40 industry representatives and 15 tax tax experts to discuss simplification of the return filing process.
Coming unravelled: Garments output, exports slide
Banikinkar Pattanayak | April 18, 2018 2:25 AM
Magu said the reduction in the duty drawback and remission of state levies (RoSL) after the imposition of the goods and services tax (GST), capital blockage due to slow GST refunds and uncertainties on the future of export subsidies have affected the deeply-fragmented garment industry.
High tariffs: Gujarat cancels 500-MW solar auction
Anupam Chatterjee | April 18, 2018 2:18 AM
GUVNL had informed the potential bidders in advance that additional costs (assorted duties and cesses) were not liable to be passed through — a reason, experts claim, why bidders were extra-cautious and refrained from the aggression observed in previous solar auctions.
Flags protectionism: IMF ups 2018 global trade outlook 50 bps
FE Bureau | April 18, 2018 2:16 AM
As for India, the IMF’s report, released in the wake of a $2-billion fraud at Punjab National Bank, calls for a broader package of financial reforms, along with recapitalisation, to improve the governance of public sector banks and strengthen banks’ debt recovery mechanisms.

Budget 2018

Horoscope: By Peter Vidal

Today ( 23 Apr )This Week ( 22 Apr - 28 Apr )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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