Business

Sensex makes a shaky start as oil heads down

June 21: The Sensex took off on a bumpy note -- in step with Asia -- by stumbling 63 points today as oil prices took a big beating on concerns of oversupply.

Absence of e-way system under GST will not impede movt of goods: official

June 20: After the goods and services tax (GST) roll out, movement of goods will not be impeded even if the e-way system is not placed, a senior finance ministry official said Monday.

India plans SAARC meet for startups: Nirmala

June 20: India is planning to organise a meet of startups of the South Asian region for exchange of new ideas and promoting interaction among them.

Bosch picks Bengaluru for 3rd AI centre

June 20: The German automotive components and technology supplier Bosch Group has chosen Bengaluru as one of the three global centres to set up a dedicated centre for artificial intelligence (AI).

Huge discounts online ahead of GST

June 20: Online marketplaces like Flipkart, Amazon, Paytm Mall and ShopClues have geared up to lure consumers with around 80% discounts on fashion

E-way absence won’t affect goods movement: official

June 20: After the goods and services tax (GST) roll out, movement of goods will not be impeded even if e-way system is not place, a senior finance ministry official said on Monday.

SpiceJet orders 40 Boeing 737 MAX planes for $4.74 b

June 20: No-frills carrier SpiceJet on Monday announced that it has entered into an MoU with US aircraft giant Boeing for 40 737 MAX planes that is valued at $4.74 billion at current list prices.

Lenders meet to chart action plan for 12 NPAs

June 20: Lenders on Monday began meeting to initiate proceedings against 12 stressed accounts identified by the Reserve Bank to be referred under the Insolvency and Bankruptcy Code (IBC), sources said.

Sensex soars 255 pts to end at new peak

June 20: Positive global cues coupled with upbeat domestic sentiment helped the S&P BSE Sensex and the Nifty Bank Index end at a record highs on Monday.

India ratifies TIR, to boost trade

June 20: India has become the 71st country to ratify the United Nations TIR Convention.

Sensex adds to gains, up 81 pts on overseas cues

June 20: The Sensex started to capitalise on earlier gains by jumping 81 points to 31,393 today as rising Asian shares kept the pitch conducive to buy more.

Airtel accuses Jio of predatory pricing; big 3 telcos meet IMG

June 17: India’s largest telecom company Bharti Airtel today accused newcomer Reliance Jio of predatory pricing and demanded that operators be paid more for calls terminating on their networks as also the right to retain customers through incentives.

Amazon to buy Whole Foods Market for $13.7 billion

June 17: Amazon, the Seattle-based online retail giant, on Friday, announced its entry into the brick and mortar grocery space by acquiring natural and organic foods supermarket chain Whole Foods Market in an all-cash deal valued at $13.7 billion.

Public banks need more capital: Mundra

June 17: The Reserve Bank of India (RBI) Deputy Governor S S Mundra on Friday said that public sector banks (PSBs) may need more capital than the government’s allocation of Rs 70,000 crore in the next four years.

Tejas Networks IPO subscribed nearly 2 times

June 17: Bengaluru-based Tejas Networks’ initial public offering, which closed on June 16, has been subscribed nearly two times.

Infy appoints Sawhney as group general counsel; Dadlani quits

June 17: Infosys, the country’s second-largest software services firm, on Friday announced the appointment of former Wipro executive Inderpreet Sawhney as its group general counsel.

’India ready for GST, anti-profiteering rules soon’

June 17: India is ready to launch the Goods and Services Tax (GST) on July 1, the official steering the process told Reuters, saying the technology that will drive it is robust and dismissing fears the tax is too complicated.

Electronic, software product policies to be launched soon

June 17: The Centre on Friday said it will unveil two separate policies for the electronics sector and software products soon to boost sector growth.

Hero plans Rs 2,500 cr expansion

June 17: India’s largest two-wheeler manufacturer Hero MotoCorp has envisaged an investment of Rs 2,500 crore in a bid to boost manufacturing, and increase market share.

Tigerair, Scoot look for farther Indian skies

June 17: Tigerair and Scoot, the no-frills subsidiaries of Singapore Airlines that will merge by July-end, are looking at expanding footprint in India by tapping international travellers from tier II cities and secondary markets in the country.

Prasad dismisses large-scale IT layoff reports as ’motivated’

June 17: Dismissing the reports of large scale job losses in the Indian IT sector, Union IT Minister Ravi Shankar Prasad on Friday said these complaints are “motivated”.

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Govt asks builders to pass on GST benefits to buyers of flats

June 16: The government Thursday asked builders and construction firms to pass on the benefits of lower tax burden under the GST regime to the buyers of property

Petrol price cut by Rs 1.12 a litre, diesel by Rs 1.24/litre

June 16: Petrol price was today cut by Rs 1.12 per litre and diesel by Rs 1.24 per litre, the last of the fortnightly revisions after which daily correction in rates in step with cost will be implemented.

Exports grow 8.32% in May; trade deficit hits 30-month high

June 16: The country’s exports rose by 8.32 per cent to USD 24 billion in May, even as the trade deficit shot up to nearly 30-month high of USD 13.84 billion, mainly due to increase in gold imports.

Fitch affirms NTPC at BBB- ; outlook stable

June 16: Fitch Ratings has affirmed NTPC’s long-term foreign and local-currency issuer default ratings at BBB- with a stable outlook.

Tesla in talks with govt, seeks duty cut

June 16: The US-based electric car major Tesla is in discussion with the Centre seeking relief on import duties till a local factory is built here, according to the company’s CEO Elon Musk.

India infra fund gets $150 m AIIB loan

June 16: China-led Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund, the bank’s first such loan to fund private projects, a statement said on Thursday.

We are prepared for GST from July 1: Civil Aviation MoS Sinha

June 16: “We are prepared for GST from July 1,” Minister of State for Civil Aviation Jayant Sinha said on Friday even as the ministry has sought deferment of the new tax regime.

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