Business

Demonetisation: A look at the changing rules for withdrawals and deposits.

In a surprise move Prime Minister Narendra Modi, on November 8, 2016, scrapped high value banknotes of Rs 500 and Rs 1000. The stated motive was a crackdown on black money and so the secrecy around it............

Last chance for depositing old notes in RBI on Friday, but are you eligible?

The queues at the designated RBI offices are getting longer as the deadline for exchange of scrapped notes draws to a close on March 31..............

No special treatment for Vodafone, Idea: Manoj Sinha.

Government today said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge and the companies will have to comply with existing norms on spectrum,...............

The four architects of GST and what they brought to the table.

The work on Goods and Services Tax (GST) began in India almost 17 years back, with a focus on simplifying a complicated maze of state and central indirect taxes. While 175 officials worked ................

Lok Sabha passes key GST bills: Understanding the tax reform and what it means.

India on Wednesday created history when the Lok Sabha cleared all the four bills for the launch of the much-awaited Goods and Services Tax (GST), the country’s biggest tax reform since Independence...........

Westinghouse ‘not abandoning’ Indian nuclear projects despite bankruptcy.

Westinghouse, the US arm of Japan’s Toshiba, has said its proposed projects in India -- six nuclear reactors in Andhra Pradesh-- remained unaffected by the company filing for bankruptcy in a New York................

Sensex, Nifty rise on GST, derivative expiry.

Continuing its rising streak, the benchmark BSE Sensex rose over 63 points to 29,594.84 in early trade today after the Lok Sabha approved four legislations to give shape to the historic..................

SC ban on sale of BS-III vehicles will have Rs 12,000-cr impact on auto industry.

Banning sales of vehicles with BS-III emission norms will have a negative impact of Rs 12,000 crore on the automobile industry, as about 8.2 lakh new vehicles will be reduced to scrap in value..............

GST rates will have no inflationary impact: Jaitley

March 30: Allaying apprehension of spike in prices of goods and commodities after the roll out of the GST

RBI exempts banks from opening on Apr 1 on annual closing

March 30: Reversing its earlier order, the Reserve Bank today said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.

Sensex ends 122 pts higher ahead of F&O expiry, SBI soars

March 30: Markets today carried forward the winning momentum to the second session as the Sensex climbed 122 points to end at about 1-week high of 29,531.43

Lok Sabha passes GST supplementary bills

March 30: The historic Goods and Services Tax (GST) regime today came a step closer to meet its July 1 target of rollout, with the Lok Sabha approving four supplementary legislations.

Samsung unveils S8 smartphones with virtual assistant

March 30: Samsung today unveiled its new Galaxy S8 smartphones, incorporating its virtual assistant Bixby, as the market leader seeks to rebound from a chaotic handset recall and a corruption scandal.

London Stock Exchange-Deutsche Boerse deal blocked by EU

 

March 29th: EU regulators have blocked London Stock Exchange’s £21bn merger with German stock exchange Deutsche Boerse.......

Sensex makes modest gains in risk-off trade.

Building on the ongoing recovery, the Sensex added about 85 points in early trade today as a positive global trend kept investors’ morale high.............

Rupee gains 9 paise more against dollar at 64.95.

The rupee advanced 9 paise against the dollar to breach the 65 level at 64.95 -- a fresh 17-month high -- in early session today on increased liquidation of the American currency by exporters.............

Toshiba’s Westinghouse to file for Chapter 11, Japan govt says.

Toshiba Corp’s troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan’s government said on Wednesday, as the conglomerate seeks to limit .................

Australia govt company seeks to invest in Adani’s coal mine project.

An Australian government-owned fund manager company has expressed interest to invest in “infrastructure pieces” of Indian energy giant Adani’s $21 billion controversial coal mine project in Queensland........

India stocks seen hitting record high by end-June on economic optimism: Poll.

India’s benchmark BSE Sensex share index will scale a new record high by mid-year, according to strategists and brokers in a Reuters poll, who have upgraded their forecasts significantly from three...............

Investors sell euro zone bonds as Brexit becomes reality.

A strengthening euro zone economy gave investors confidence to continue selling euro zone government bonds on Wednesday, the day on which Britain........

UK finance minister says Brexit deal with EU will need “give and take”.

Finance minister Philip Hammond said on Wednesday he was confident Britain would negotiate a customs arrangement with the European Union that would allow for borders to be as frictionless as possible.......

GST: The long journey to roll out India’s biggest tax reform.

As Lok Sabha on Wednesday debates the four crucial GST Bills, India will move yet another step closer to implementing the country’s biggest tax reform possibly from July 2017. The Goods and................

No high quality fake notes recovered since demonetisation, Meghwal says.

No ‘high quality’ fake currency notes have been recovered post demonetisation, although some scanned or photocopied notes were seized by BSF and NIA at the Indo-Bangladesh border, Parliament was informed......

Lok Sabha debates GST Bills: Ten things you need to know about the new tax.

The Lok Sabha will debate on Wednesday four crucial bills required to implement the Goods and Services Tax (GST), the biggest indirect tax reform since independence, from July 2017...............

Land leasing, renting to attract GST from Jul 1

March 29: Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax.

Airtel sells 10% stake in Bharti Infratel for Rs 6,194 crore

March 29: Bharti Airtel has sold 10.3% stake in Bharti Infratel to a consortium of funds for approximately Rs 6,193.9 crore.

Bosch organises Indo-German bootcamp for startups

March 29: Following the first successful Indo-German bootcamp held in July 2016, in Berlin, the second Indo-German bootcamp on ‘Transport and Mobility’ was held here on Tuesday.

Over 75% MNCs prefer India for outsourcing: survey

March 29: Buoyant economy and regulatory reforms have made India the most preferred market for outsourcing business among more than 75% multinational companies, says a survey.

Sensex makes modest gains in risk-off trade

March 29: Building on the ongoing recovery, the Sensex added about 85 points in early trade today as a positive global trend kept investors’ morale high.

SBI to raise stake in SBI Card to 74%

March 29: The country’s largest lender State Bank of India (SBI) on Tuesday said it will increase its stake in SBI Card to 74% by June end.

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