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Headline
Telecom tower firms seek more relief, priority lending
New Delhi, June 16 (IANS) The telecom tower industry has urged the Finance Ministry to allow accelerated depreciation rate of 65 per cent on batteries, 20 per cent funding through External Commercial Borrowings (ECB) for the working capital and inclusion of telecom towers in the priority sector for lending by banks.
2019-06-16
Category: India, Delhi,National,Business/Economy
Geo-political tensions, monsoon's progress to steer equities (Market Outlook)
Mumbai, June 16 (IANS) Rising geo-political tensions in the Persian Gulf region along with concerns over global economic growth and the pace of monsoon's progress will flare-up volatility in the Indian equity market next week, experts opined.
2019-06-16
Category: India, Maharashtra,Business/Economy
Address digital infra, tax & data issues: Start-ups to govt
New Delhi, June 15 (IANS) Representatives of digital economy and start-ups on Saturday urged the government to build digital infrastructure and scale up and incentivise research & development within India.
2019-06-15
Category: India, Delhi,National,Business/Economy
J&K Bank to now come under RTI act, CVC guidelines
Srinagar, June 15 (IANS) The board of directors of Jammu & Kashmir Bank on Saturday decided to bring the bank under the J&K RTI Act, 2009 and the CVC guidelines with effect from Monday.
2019-06-15
Category: India, Jammu And Kashmir,Business/Economy
India raises duty on US exports as retaliatory action
New Delhi, June 15 (IANS) Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US.
2019-06-15
Category: India, Delhi,Business/Economy,Diplomacy,Politics
TUs seek national fund for unorganised workers
New Delhi, June 15 (IANS) Introduction of a comprehensive unemployment insurance scheme, creation of a 'National Fund' for unorganised workers to provide social security and strict enforcement of Minimum Wages Act were among the key sugegstions given by the various trade unions to the Finance Ministry on Saturday.
2019-06-15
Category: India, Delhi,National,Business/Economy
High-powered panel for structural reforms in agriculture: Modi
New Delhi, June 15 (IANS) Prime Minister Narendra Modi on Saturday announced a high powered committee, comprising Chief Ministers, to recommend structural reforms in agriculture, while urging the states to contribute in making India a $5 trillion economy by 2024.
2019-06-15
Category: India, Delhi,National,Business/Economy,Politics
Make natural calamity criteria for special status: Naveen
New Delhi, June 15 (IANS) Odisha Chief Minister Naveen Patnaik on Saturday demanded that natural calamities should be included as a criteria for according Special Category Status to states.
2019-06-15
Category: India, Delhi,National,Business/Economy,Politics
Jammu traders demand abolishing state toll tax at Lakhanpur
Jammu, June 15 (IANS) Traders in winter capital Jammu on Saturday demanded that the toll tax collected by Jammu and Kashmir government at Lakhanpur entry point into the state be abolished.
2019-06-15
Category: India, Jammu And Kashmir,National,Business/Economy
Ratings upgrade: Standard procedures to detect default for accurate guidance
Mumbai, June 15 (IANS) Uniform procedures to track defaults along with increased disclosures on liquidity factors will aid credit rating agencies to provide grater insights into companies, industry insiders said.
2019-06-15
Category: India, Maharashtra,National,Business/Economy
New compounding rules make it difficult for tax evaders to get away
New Delhi, June 15 (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws "generally" non-compoundable.
2019-06-15
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
Xiaomi supplier opens 1st India manufacturing plant
Noida, June 15 (IANS) Xiaomi supplier Holitech Technology on Saturday said it has inaugurated its first component manufacturing plant in Greater Noida and will invest nearly $200 million over three years in the country.
2019-06-15
Category: India, Uttar Pradesh,Business/Economy,Technology
Making India 5-trillion-dollar economy challenging but can be achieved: Modi
New Delhi, June 15 (IANS) Prime Minister Narendra Modi said on Saturday that the goal to make India a five-trillion-dollar economy is challenging but can be achieved and asked the states to recognise their core competence and work towards raising GDP targets.
2019-06-15
Category: India, Delhi,National,Business/Economy
ALERT: Prime Minister to chair Niti Aayog meeting today
rtp
2019-06-15
Category: India, Maharashtra,National,Business/Economy,Politics
Facebook to rank comments to make conversations meaningful
San Francisco, June 15 (IANS) In a move to make conversations on public posts more meaningful, Facebook has rolled out an update where it will rank comments to promote those that are most relevant to users.
2019-06-15
Category: International, Costa Rica,Business/Economy,Technology
ED files case against Bengaluru firm for Ponzi scheme
Bengaluru, June 14 (IANS) The Enforcement Directorate (ED) filed a money laundering case against city-based IMA Jewels for operating an alleged Ponzi scheme and swindling crores of rupees from thousands of investors, an official said on Friday.
2019-06-14
Category: India, Karnataka,Business/Economy,Crime/Disaster/Accident
India might impose retaliatory import tariffs on 29 US items
New Delhi, June 14 (IANS) India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday.
2019-06-14
Category: India, Delhi,Business/Economy,Diplomacy
Government should frame tax-friendly SEZ policy: Nasscom
New Delhi, June 14 (IANS) Recommending measures to be taken for the IT industry in the upcoming general budget, IT industry's apex body Nasscom said that the government should frame a tax-friendly policy for Special Economic Zones (SEZ) for a period of 20 years.
2019-06-14
Category: India, Delhi,Business/Economy,Technology
India's May merchandise exports up 4%, imports rise 4.31% (Roundup)
New Delhi, June 14 (IANS) India's merchandise exports rose 3.93 per cent on a year-on-year basis in May to $29.99 billion from $28.86 billion reported for the corresponding month of last year, official data showed on Friday.
2019-06-14
Category: India, Delhi,Business/Economy
SCO members for concerted effort against cross-border terror
Bishkek, June 14 (IANS) The SCO on Friday called for closer coordination among the international community over terrorism's cross-border threat and sought comprehensive measures to intensify efforts against terrorism and its ideology and to eliminate the factors that promote it.
2019-06-14
Category: International, Kyrgyzstan,Diplomacy,Business/Economy,Defence/Security,Terrorism
Prannoy, Radhika Roy barred from holding any key position in NDTV
Mumbai, June 14 (IANS) Securities market regulator SEBI on Friday debarred NDTV's promoters Prannoy Roy and Radhika Roy from holding any key managerial positions in the Board or the management of the news channel company for being "involved in fraudulent acts".
2019-06-14
Category: India, Maharashtra,National,Business/Economy,Media
Attack in Gulf of Oman lifts oil, shale outlook
New York, June 14 (IANS) Shale producers stand to benefit from the oil-market volatility unleashed by an attack on two oil tankers in the Gulf of Oman, as US companies vie with the Organization of the Petroleum Exporting Countries (OPEC) for global market share, the media reported on Friday.
2019-06-14
Category: International, United States,Business/Economy,Diplomacy
Goa CM offers midnight meal to flyers in delayed AI flight
Panaji, June 14 (IANS) Stranded at Mumbaia's Chhatrapati Shivaji airport late last night for several hours, protesting passengers of an Air India Bombay to Goa flight were offered a free meal from an airport restaurant at the instance of Goa Chief Minister Pramod Sawant, a passenger said on Friday.
2019-06-14
Category: India, Goa,Business/Economy
Farmers have to pay Rs 100 per month under pension scheme
New Delhi, June 13 (IANS) Farmers in the country are expected to contribute Rs 100 per month under the Pradhan Mantri Kisan Pension Yojana that seeks to provide minimum monthly pension of Rs 3,000 on attainment of 60 years of age, the Union Agriculture Ministry said on Thursday.
2019-06-13
Category: India, Delhi,National,Business/Economy
Cyclone Vayu: Flights to resume across 5 airports in Gujarat
New Delhi, June 13 (IANS) In the wake of Cyclone Vayu, flight services to some 5 airports in Gujarat will become operational from Thursday.
2019-06-13
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
Armed forces, postal dept funds among those with exposure to IL&FS
Mumbai, June 13 (IANS) Prominent private and public provident funds like Infosys Ltd PF, Hewlett-Packard Global Ltd PF, The Times of India PF, the Postal Life Insurance Fund, the NPS Trust, and the Army Group Insurance Fund are exposed to non-convertible debentures (NCDs) of IL&FS Financial Services (IFIN), the company at the centre of the IL&FS fiasco.
2019-06-13
Category: India, Maharashtra,Business/Economy
Karnataka orders banks to waive crop loans: Official
Bengaluru, June 13 (IANS) Amid conflicting reports banks withdrawing the money deposited earlier in farmers accounts after the recent general elections, the Karnataka government has ordered the waiver of all crop loans farmers borrowed from state-run banks, an official said on Thursday.
2019-06-13
Category: India, Karnataka,Business/Economy,Politics
Oil prices jump nearly 4% over attack on oil tankers
Mumbai, June 13 (IANS) The benchmark Brent Crude on Thursday logged a steep jump of nearly 4 per cent over reports of attack on oil tankers in the Gulf of Oman.
2019-06-13
Category: India, Maharashtra,Business/Economy
Nissan CEO admits differences with Renault over reforms
Tokyo, June 13 (IANS) Nissan Motor's chief executive Hiroto Saikawa on Thursday said his company had differences of opinion with Renault over of the Japanese carmaker's corporate reform plans and the two sides were discussing the issue.
2019-06-13
Category: International, Japan,Business/Economy
No capital need for SBI from government: Chairman
New Delhi, June 13 (IANS) State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government.
2019-06-13
Category: India, Delhi,National,Business/Economy
Indiabulls petitioners withdraw from SC amid hints of criminal conspiracy
New Delhi, June 13 (IANS) Indiabulls Housing Finance Ltd. said on THursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer Gehlaut misappropriated funds, withdrew his writ petition from the Supreme Court.
2019-06-13
Category: India, Delhi,National,Immigration/Law/Rights,Business/Economy
NBFC liquidity, NPAs figure in Sitharaman's pre-Budget meet
New Delhi, June 13 (IANS) Finance Minister Nirmala Sitharaman's pre-Budget consultations with financial and capital market stakeholders on Thursday discussed creation of a dedicated liquidity window for non-banking finance companies (NBFCs)sector, review of interest rates on Small Savings Schemes and banks' non-performing assets (NPAs or bad loans), among other issues, an official said.
2019-06-13
Category: India, Delhi,Business/Economy
FDI in India grew by 6% to $42bn in 2019: UNCTAD
United Nations, June 13 (IANS) Foreign Direct Investment (FDI) in India grew by 6 per cent to $42 billion last year, according to the UN Conference on Trade and Development (UNCTAD).
2019-06-13
Category: International, United States,Business/Economy
PWC observations baseless, unjustified: Reliance Capital
Mumbai, June 13 (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday termed audit firm Price Waterhouse & Co's (PWC) observations as baseless and unjustified.
2019-06-13
Category: India, Maharashtra,Business/Economy
Government to introduce SEZ amendment bill in Parliament
New Delhi, June 12 (IANS) The Central government will introduce the Special Economic Zones (Amendment) Bill, 2019 in the ensuing session of the Parliament.
2019-06-12
Category: India, Delhi,Business/Economy
Government ratifies convention on tax treaty related changes against BEPS
New Delhi, June 12 (IANS) The Union cabinet has approved the ratification of an international convention which enables the implementation of tax treaty related changes to achieve anti-abuse "Base Erosion and Profit Shifting (BEPS)".
2019-06-12
Category: India, Delhi,Business/Economy
Global FDI flow fell 13% in 2018: UN Report
New Delhi, June 12 (IANS) Global foreign direct investment (FDI) flows declined by 13 per cent in 2018 to $1.3 trillion from $1.5 trillion in 2017, the UNCTAD's World Investment Report 2019 said on Wednesday.
2019-06-12
Category: India, Delhi,Business/Economy
AdiGroup still interested in Jet; but will wait only 48 hrs
New Delhi/Mumbai, June 12 (IANS) In a final push to revive the now grounded Jet Airways, London-based AdiGroup has again evinced interest in Jet Airways.
2019-06-12
Category: India, Delhi,National,Business/Economy
Duststorm: Operations resumes at IGI airport (2nd Lead)
New Delhi, June 12 (IANS) Operations resumed at the national capital's IGI Airport after a strong duststorm hit the national capital on Wednesday evening.
2019-06-12
Category: India, Delhi,Business/Economy
Bankers-FM pre-Budget meet on June 13, ease of credit flow to top agenda
New Delhi, June 12 (IANS) Bankers, including RBI officials and financial institutions, will meet the Finance Minister on their turn to hold pre-Budget meeting with the Finance Minister Nirmala Sitharaman on June 13 where the government is expected to tell the lenders on the need to ease credit flow to the MSMEs and small borrowers and with a revised RBI circular in place to make cases for loan recoveries.
2019-06-12
Category: India, Delhi,National,Business/Economy
PepsiCo executive Laxman Narasimhan named new CEO of Reckitt Benckiser
New Delhi, June 12 (IANS) British consumer goods major Reckitt Benckiser (RB) on Wednesday announced the appointment of PepsiCo executive Laxman Narasimhan as its Chief Executive Officer (CEO).
2019-06-12
Category: India, Delhi,Business/Economy
April factory production grows; so does May's retail inflation (Roundup)
New Delhi, June 12 (IANS) India's economic health showed signs of recovery as factory production expanded in April, while the country's May retail inflation remained largely subdued with a marginal rise.
2019-06-12
Category: India, Delhi,Business/Economy
Punjab seeks hike in MSP for Rabi crops
Chandigarh, June 12 (IANS) In a bid to alleviate the woes of distressed farmers in the state, Punjab Chief Minister Amarinder Singh on Wednesday sought a hike from the Centre in the minimum support price (MSP) of various crops for the 2019-20 Rabi season.
2019-06-12
Category: India, Punjab,National,Business/Economy
India's MoM retail inflation up 3.05% in May
New Delhi, June 12 (IANS) Higher food prices accelerated India's May retail inflation to 3.05 per cent from 2.99 per cent in April, official data showed on Wednesday.
2019-06-12
Category: India, Delhi,Business/Economy
SC raps petitioner for defective plea against Indiabulls
New Delhi, June 12 (IANS) The Supreme Court on Wednesday pulled up for filing a defective application a petitioner, Abhay Yadav, who has alleged that Indiabulls Housing Finance Ltd (IHFL) misappropriated Rs 98,000 crore of public money.
2019-06-12
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Zomato drone tests food packet delivery at 80kmph
New Delhi, June 12 (IANS) Online ordering and food delivery platform Zomato on Wednesday said it has successfully tested its maiden drone delivery technology using a hybrid drone that covered a distance of five km in about 10 minutes with a peak speed of 80 kmph to deliver a food packet.
2019-06-12
Category: India, Delhi,National,Technology,Business/Economy
Big B pays off loans of 2,100 farmers from Bihar
Mumbai, June 12 (IANS) Megastar Amitabh Bachchan has cleared the loans of over two thousand farmers from Bihar.
2019-06-12
Category: India, Maharashtra,Cinema/Showbiz,Business/Economy,Bollywood
RTI activist's protracted battle with J&K Bank likely to bear fruit
Srinagar, June 12 (IANS) Raja Muzaffar Bhat, president of Jammu and Kashmir RTI movement has fought a protracted battle with the management of the Jammu and Kashmir Bank seeking transparency and accountability in working and asset management by this premier financial institution of the state.
2019-06-12
Category: India, Jammu And Kashmir,National,Business/Economy,Immigration/Law/Rights
Domestic passenger cars sales down 26% in May
New Delhi, June 11 (IANS) Domestic passenger cars' sales continued to decline in May, the segment's off-take fell 26.03 per cent.
2019-06-11
Category: India, Delhi,Business/Economy
Government increase arhar imports to 4 lakh tonnes
New Delhi, June 11 (IANS) Food and Public Distribution Ministry on Tuesday increased the limit on the import of arhar (pigeon pea) from current two lakh tonnes to four lakh tonnes to keep the retails prices in control, which touched Rs 100 per kg.
2019-06-11
Category: India, Delhi,National,Business/Economy