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Oil on boil: Markets crash for second successive day

The US Federal Reserve is scheduled to meet over September 17-18 to consider a cut in interest rates. Market expects a 0.25% cut in rates. Credit Suisse prefers equity as an asset class in this low

Market news, Market crash, GDP growth, india news, Global oil price, oil price, US China, US Iran, Saudi Iran, international relations News

JSW Steel to go 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.

JSW Steel, JSW Steel capex plan, steel prices, Bhushan Power and Steel, steelmaker News

Electronics Manufacturing: Ravi Shankar Prasad sets up task force to facilitate investments

To this effect, Prasad instructed his ministry to set up an institutionalised mechanism in the form of a task force that would regularly interact with the industry, take their suggestions and address

Electronics, Electronics Manufacturing, Ravi Shankar Prasad, investments, global turbulence News

Bhushan Power: NCLAT declines to pass order on JSW Steel’s plea

hile the deadline of October 5 for implementing the plan still stands, the appellate tribunal said it may dispose of JSW Steel’s appeal in the next hearing slated on October 14, 2019.

Bhushan Power, NCLAT, JSW Steel, NCLAT declines, Bhushan Power and Steel News

Trade wars: Modi, Trump may soon clinch a deal

“We are in dialogues with the US on a number of issues and as we firm up the specifics, we will inform you once the Prime Minister (Narendra Modi) and the US President sit down and finalise...We hav

trade deal, India, US, India US trade deal, Piyush Goyal, Narendra Modi News

How India will be impacted by attack on Saudi 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.

Saudi Arabia, Saudi Arabia oil crisis, India, crude production, oil processing, Impact on india News

Terror 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 $

Saudi Arabia, attack on saudi Arabia, Oil, crude Oil, oil prices, Gulf crisis, 1991 Gulf crisis News

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-

Ayushmann Khurrana, Ayushmann Khurrana fees, Ayushmann Khurrana box office success, box-office, Andhadhun, Badhaai Ho, Dream Girl News

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.

HCC, HCC dues, NHAI, supreme court, Hindustan Construction Company, Ajit Gulabchand News

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.

PM-KMY, pension scheme, farmers pension scheme, PM-Kisan pension scheme, marginal farmers, small farmers News

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

PSU Disinvestment, IOC, NTPC, BPCL, GAIL, central public sector undertakings News

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

United Insurance, public sector banks, department of financial services, National insurance, Oriental insurance News

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.

Facebook, Facebook VP, Nick Clegg, India, fate of internet, Global Affairs and Communications 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.

Car sales, two-wheeler sales, GST, Maruti Suzuki, Maruti Suzuki dealer, auto industry News

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.

export policy, Existing export policy, MEIS, Merchandise Exports, state levies scheme, economy news

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

homebuyers, housing projects, real estate sector, Nirmala Sitharaman, economic growth, middle-income housing projects News

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.

Digital payments, NCPI, merchants' fees, card transactions, debit card transaction News

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

Mahindra and Mahindra, Mahindra and Mahindra expansion, Mahindra and Mahindra plant, Mahindra and Mahindra expansion plant, industry news

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.

Export, imports, domestic manufacturing, Trade deficit, Economy news

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.

E-Assessment, income tax, IT return, e-assessment Scheme 2019, taxpayers News

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

Banking Services, Banking Services expansion, NBFC, RBI, SFBs, shareholding News

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.

Flipkart, festival sale, Big Billion Days sale, flipkart Big Billion Days, normal business day, industry news

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.

Revamped scheme, Ravi Shankar Prasad, electronics firm, electronic manufacturing cluster, Electronics companies News

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.

GST revenue, GST, GST Council, term of reference, non-lapsable fund, economy news

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.

TDS, prosecution, TDS defaults, evasion bids, tax collected at source, Central Board of Direct Taxes News

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

Lutyens' Delhi, Lutyens' Delhi revamp, Lutyens' Delhi renovation, Lutyens' Delhi redevelopment, Rashtrapati Bhavan, India Gate News

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.

Fraud case, Supreme Court, Supreme Court of India, Bhushan Steel, Delhi HC, Nittin Johari News
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