New policy to define part-time workers, full-time workers, live-in workers and employers.
Kotak Mahindra Capital, Citigroup Global Markets India, Morgan Stanley India and Motilal Oswal Investment Advisors have been appointed to manage the QIP offering.
The total project cost was Rs 1,305 crore — equity of Rs 261 crore and a rupee term loan of Rs 1,044 crore.
Increased depreciation and higher interest cost relating to the acquired cement plants resulted in profit after tax of Rs 423 crore as compared to Rs 614 crore in Q2FY17.
Move follows Tata Group announcing that the consumer mobile business of TTML and Tata Teleservices will be taken over by Bharti Airtel.
Only one member voted to lower the key repo rate by 25 basis points arguing that inflation had eased enough to justify a rate cut in the policy review.
TAKING A leaf out of the Goods and Services Tax (GST) implementation book, where a troubleshooting window was created to engage with taxpayers, the Income Tax Department has decided to replicate the initiative for direct taxes too, opening a chat window to address taxpayers queries on a real-time basis. The I-T Department’s newly launched “online […]
In a meeting held last month on hydropower projects, power minister R K Singh stated that ‘partial clearances’ given to companies will be ‘rescinded’ if they do not respond to the Central Electricity Authority’s comments on detailed project reports in 2-3 months.
On Tuesday, a division bench of the tribunal comprising Justices Vijai Pratap Singh and Jinan KR ordered liquidation proceedings for the cable manufacturer.
With banks increasingly participating in the bond markets, the share of bonds in total credit is rising.
The net interest income (NII) remained almost flat at Rs 4,539.62 crore as against Rs 4,513.87 crore in the second quarter of the last financial year. Net interest margin for stood at 3.45 per cent.
In dollar terms, Wipro's IT services revenue for the second quarter came in at $2.01 billion while the net profit was $336 million. The Wipro scrip ended Tuesday's trading session at Rs 289.35, almost flat on the BSE.
Payout stands at 58% of total Rs 15,060 cr raised from cess in first 2 months of GST.
Under the fund-based business, the lending book of JM Financial Products stood at Rs 6,102 crore at end of September.
Earlier in February, the market regulator had floated a consultation paper to review the norms governing stock exchanges, clearing corporations and depositories in view of changing market dynamics
Kingfisher Airlines owes over Rs 9,000 crore to at least 17 lenders including SBI, IDBI Bank, Punjab National Bank, Bank of India, Bank of and United Bank of India.
Rupani’s remarks stem from the EC’s controversial break from convention last week as it did not simultaneously announce polls in Gujarat and Himachal Pradesh, although the terms of the two state assemblies expire within two weeks of each other.
Although Samvat 2073 began with a demonetisation shock, the benchmark Sensex sparkled with 16 per cent gain during the year — nearly double the gain it registered in Samvat 2072. In this period, the Nifty50 rallied nearly 18 per cent. With the fifty-stock index soaring to record highs yet again on Friday, the valuation of […]
Suggestions to cut composition rate to be taken up in next GST Council meeting.
The company's interest expenses declined 65.6 per cent y-o-y to Rs 10.93 crore, while other income increased to Rs 21.2 crore in the quarter compared to Rs 8.04 crore in the year-ago period, the company said
GCCI president Shailesh Patwari said that in view of the festive season, last date of filing GST return, which is October 20, should be extended till October 31
Former’s shareholders to get 639 shares of latter for every 1,000 shares held
Tiilikainen also expressed optimism that the India-EU free trade agreement would move forward in near future
Following the finance minister’s statement that the GST Council will take up the issue of bringing real estate sector under the new indirect tax regime in its next meeting, sectoral players say that this would ease burden on consumers
RBI had directed that the banks would need to set aside up to 50 per cent cover in the form of provisions for the cases referred for insolvency proceedings at the National Company Law Tribunal
Pawan Hans Ltd's net profit rose nearly six-fold to Rs 248 crore in FY17, from Rs 36 crore in FY16
Better IIP figures, IT result support the surge in indices
“LIC has filed an application by financial creditor to initiate corporate insolvency resolution process under the code at the NCLT Mumbai against DB Realty for recovery of this outstanding money,” DB Realty said
The qualified institutional quota (QIB) of the IPO received a good response from institutional buyers led by Life Insurance Corporation (LIC), bailing out the IPO. QIB portion was oversubscribed 2.25 times with the buyers putting Rs 12,770 crore against the reserved portion of Rs 5,680 crore
Says it has got 2,500-cr offer; apex court to hear on October 23
The company’s revenue rose 23.9 per cent to Rs 1,01,169 crore in the reported quarter as against Rs 81,651 crore in the year-ago period
TCS said growth was led by Europe (up 5.3 per cent Q-o-Q), Latin America (up 5.7 per cent Q-o-Q), APAC (up 3 per cent Q-o-Q) and UK (up 2.5 per cent Q-o-Q). North America grew by 1.4 per cent Q-o-Q with continued softness in banking and retail.
he platform would develop or acquire office property across six cities — Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad and Chennai.
The Tatas are also in initial stages of exploring combination of its enterprise business with Tata Communications and its retail fixed line and broadband business with Tata Sky.
According to provisional data released by the Reserve Bank of India (RBI), outstanding loans to companies and individuals rose to Rs 79.62 lakh crore from Rs 77.28 lakh crore a fortnight ago.
Vijay Mallya owes over Rs 250 crore to the Airport Authority of India, according to AAI.
Happy Birthday, Nargis Fakhri: Photos of the Rockstar actress that will give you fitness goals