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PFC on REC buy: Can’t shell out more than Rs 12,000 crore

Sources added that despite spending such a large sum, PFC won’t get the tag of the promoter of REC and the government would continue to hold the status to soothe its overseas bondholders.

Markets News

Angel tax: No coercive action, dispose of cases quickly, CBDT instructs I-T

Also, there are talks going on that the government would give relaxation to start-ups who have already had negative assessment orders.”

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Don’t force us to sell more in depressed market: Sugar mills to govt

According to market sources, a lot of trade took place ahead of the `2 a kg increase in the MSP to `31 a kg, resulting in a build-up of inventory.

Commodities News

Investors loosen purse strings for food delivery firms despite mounting losses

By Asmita Dey  Large losses notwithstanding, online food delivery and grocery firms continue to mop up funds, having attracted close to $1.5 billion in the last few months. While Swiggy walked away w

Industry News

India, US near amicable trade deal: New Delhi to replace price cap for stents, US may lift levy on steel

New Delhi to replace price cap for coronary stents; US may lift extra levy on steel.

Economy News

GST support: Some states get central compensation despite revenue growth

The GST is now helping the consumption-led states to report revenue growth much higher than manufacturing states.

Economy News

Crop insurance: Insurers fast-track settlements, over 95% claims paid in 4 states

Also, insurers need to pay 12% interest if they delay settlement beyond a stipulated period even after receiving all premia.

Economy News

NPA crisis: Central Bank puts stressed assets worth Rs 3,300 cr on the block

The cut-off for submission of expressions of interest for all four accounts is March 5, while the e-bidding process has been scheduled for March 20.

Banking & Finance News

Udan scheme: Choppers may use airports as no heliport come up in designated routes

A total of 24 heliports are to be developed in Uttarakhand, Himachal Pradesh, Assam and Manipur.

Airlines/Aviation News

Gaining Ground: GST buoyancy stable despite rate cuts

After regular settlement of integrated GST, the central and state GST collections stood at Rs 37,095 crore Rs 39,939 crore respectively in February.

Industry News

Pained to see lack of actions on risky taxpayers: CBIC

Since then, GST compliance has been curtailed to single summary return filing form although its expected that a comprehensive yet simplified system would be in place from July.

Industry News

Elections 2019: Whatsapp, Twitter, Facebook may come under ‘silent period’if EC has its way

The panel had submitted its recommendations in January this year.

Industry News

Jet Airways crisis: Prepared to make any sacrifice, Naresh Goyal tells staff

In a signing off that said a lot which Goyal did not spell out, as he did not say that fresh detailed update (on he airline’s future) will be coming from him but through Jet’s management team.

Industry News

Liquidity for HFCS: NHB disburses Rs 1,161 crore in just 9 days

Of this, rollover/redemption is expected to be around Rs 1-1.2 lakh crore in March alone.

Banking & Finance News

Carlyle picks 9 % in SBI Life for Rs 4,635 crore

He also added that SBI Life, led by a strong management team, is helping deliver this promise in the life insurance space and is well positioned to further benefit from industry trends.

Industry News

Ola Electric raises Rs 400 crore from Tiger Global, Matrix and others

Last month, Flipkart co-founder Sachin Bansal had invested Rs 650 crore in the parent firm, Ola, making it the largest investment by an individual in the company till date.

Industry News

India’s GDP data don’t pass ‘basic smell test’, says Ruchir Sharma

Commenting on the perception that Modi did not do as well at the Centre as he did in Gujarat, Sharma said project management in states is much easier than at the Central level.

GDP data News

In first sign of de-escalation between India and Pakistan, Imran Khan announces release of IAF pilot

Imran Khan made the announcement during a joint session of the Pakistan parliament

Defence News

IAF pilot Abhinandan to return: Pak rang alarm bells – but how it was made to yield

India clearly conveyed to the US and other P-5 countries that while it was not looking at escalation and had conducted a “non-military counter-terror pre-emptive” strike deep inside Pakistan, it w

Defence News

Wing Commander Abhinandan to return: ‘Pilot project over, real one still to be done’, says PM Modi

As the audience applauded, the Prime Minister continued: “Now the real one has to be done. Earlier one was a practice. And the real one is to actually give a standing ovation to today’s award winn

India News

Growth slips: Slowdown in farm, manufacturing push India’s GDP growth down to 6.6%

The upward revision in nominal GDP for FY19 to Rs 190.54 lakh crore in the second advance estimate from Rs 188.41 lakh crore announced in the first advance estimate would contain FY19 fiscal deficit a

GDP data News

To compete with Reliance Jio, Bharti Airtel to build Rs 32,000 crore war chest

Bharti Airtel just about managed to stay in the black with a small profit of Rs 86 crore, on the back of an exceptional gain of Rs 1,017 crore in three months of October-December 2018.

Industry News

Future Retail to manage world’s largest convenience store chain 7-Eleven in India

The Japanese-owned, US-headquartered 7-Eleven generates almost a third of its sales in the Asian countries.

Industry News

Jet Airways crisis: Etihad not to infuse funds till resolution approval

While Etihad did not agree to most of the points put forward by the lenders, sources said Goyal was agreeable on most the points.

Industry News

Cabinet decisions: Nod to software, mineral policies; new scheme for electric vehicles

Cabinet approved Kanpur metro rail project at an estimated cost of Rs 11,076 crore, which will be completed in five years.

Industry News

Adani wins bid to run Thiruvananthapuram airport; Kerala govt moves HC against transfer

The proposed transfer of the development and management rights to the private company, the state fears, would impinge on its equity interests.

Industry News

Day after Balakot strike: IAF pilot in Pak custody, India says stop ‘vulgar display’, send him back

As per the Geneva Convention of 1949 on the treatment of prisoners of war, Pakistan has to return the military personnel unharmed to India.

Defence News
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