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GST Council Meet: Extra tax likely to support Kerala

The Goods and Services Tax (GST) Council on Friday set up a committee of seven state finance ministers to examine the legality and recommend the methodology for levying an ‘additional tax’ to rais

Neeraj Kanwar: Apollo may cut salary to win over shareholders

Corporate watchers believe the special resolution to reappoint Neeraj Kanwar as managing director of Apollo Tyres could be put before shareholders again.

Trimming current account deficit: Duty hikes to have marginal impact

Won’t dent demand much, analysts feel boosting farm exports and trimming coal imports would help.

OMCs to try direct $ buys from RBI

India is exploring a tried-and-tested option of opening a window for oil marketing companies (OMCs) to buy US dollars directly from the Reserve Bank of India (RBI) in order to arrest the rupee’s sli

Red sea: Ahead of AGM, IL&FS trips up

Ahead of a possible meeting of the top shareholders of IL&FS with Reserve Bank of India (RBI) on Friday, the financier said on Thursday it has defaulted on several repayment obligations.

PCI on MDR sharing: Banks not playing fair with acquirers

The Payments Council of India (PCI) on Thursday accused banks of not sharing the merchant discount rate (MDR) reimbursement for small-value digital transactions with merchant aggregators and acquirers

More equal: Apex court strikes down adultery law

Supreme Court on Thursday struck down a colonial-era anti-adultery law.

Braking point: 1st time ever! Maruti shifts gears to discounts on top models – What car lovers need to know

With demand for cars somewhat muted, partly due to the inauspicious Shrad period and partly due to an excess of inventory, dealers are offering discounts on models such as Maruti Suzuki’s premium ha

Action Stations: Cabinet dials it up on telecom, sugar

New telecom policy unclear on paring fees; sugar package to soften FRP blow.

Rupee defence: Customs duty hiked on 19 products – Check what could get costlier

Intervening to support a falling rupee, the government on Wednesday increased the import taxes (basic customs duty) on 19 items ranging from white goods, gold jewellery and aviation turbine fuel to fo

Rescue Mission: LIC offers to hike its stake in IL&FS

Action plan to save troubled infra-focused group by Friday, state-run entities to expedite payments to IL&FS.

Room to grow! OYO fund-raise nets whopping $1 billion

OYO Rooms said on Tuesday it has raised $800 million in a funding round that was led by SoftBank Investment Advisers.

Annual PSB meet: Finance Ministry PCA review

Under PCA, banks face restrictions on distributing dividends and remitting profits.

Avoiding litigation: ITNL seeks to recast debt with lenders’ consent

In a pre-emptive move to avoid litigation and insolvency proceedings, IL&FS Transportation Networks (ITNL) has sought to prevent creditors of 13 of its infrastructure projects from hauling them to the

Downgrade! ITNL CPs classified NPI by at least one bank

Of the 33 banks that have an exposure to the Infrastructure Leasing & Financial Services (IL&FS) group, at least one has already classified its exposure to a group company as a non-performing investme

Rout continues: Mayhem in markets spills over into manic Monday

Assurances fail to assuage fears of tight liquidity; bond yields jump, equities and rupee collapse.

Reduce oil imports without affecting fuel supply? Here’s how refiners are planning to do this

Refiners to tap into inventories instead amid the rising global crude prices, falling rupee.

Relief for IL&FS: NHAI steps in, highway builder set to pay Rs 700 cr

IL&FS is already understood to be behind payments on commercial paper worth approximately over Rs 300 crore and inter-corporate deposits worth roughly Rs 450 crore.

More deals like ONGC-HPCL? Govt mulling mega PSU mergers to met divestment targets

ONGC had bought the Centre’s 51.11% stake in HPCL for Rs 36,915 crore or about 37% of the government’s record Rs 1-lakh-crore disinvestment revenue last year.

GST relief for MSMEs: Disappointing news – Sector may not get more benefits before 2019 polls

A persistent shortfall in the goods and services tax (GST) collections has forced the GST Council to move slowly on the plans to give more sops to micro, small and medium enterprises (MSMEs).

Common household debt is at a new high! What easy loans mean for economy & you

With consumers borrowing to buy everything from cars to cell phones, India’s household debt is estimated to have risen to 15.7% of GDP in March 2018, research by Macquarie shows.

Heavy job losses of up to 75,000 to in telecom sector due to M&A, but Reliance Jio continues to hire big

Telcos are expected to let go of around 50,000-75,000 employees in 2018, according to one estimate by Randstad India. Others like TeamLease Services peg the number at an even higher 90,000.

Modi government’s populist promises to push spending by Rs 38,000 crore. Will it impact fiscal deficit?

On February 1, the government had unveiled the Union Budget 2018-19 with an expenditure estimate of Rs 24.42 lakh crore.

Investors hope of thinking big with small, crash. Small & mid-cap mutual funds post poor returns in 2018

A study by FE shows close to three-fourths of all stocks with a market capitalisation of Rs 1,000 crore or more have lost value since January.

It’s a winner! Doordarshan’s Free Dish gathers 30 million subscribers even as DTH subscriptions stagnate

DTH operators have seen their subscriber bases stagnate over the last three quarters at around 67 million, data from Trai show.

ITNL rejigs CFO Dilip Bhatia’s role to expedite sale of assets

In a notice to the Bombay Stock Exchange (BSE) on Saturday, ITNL said the move is being made in view of “the strategic priority of monetisation of the company’s project assets and generating liqui

Say goodbye to long queues, congestion at airports! Big step being taken for improving services; details here

External agencies being appointed to ensure service quality at major airports.

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