August 21, 2017 2:27 am

Sharp fall in refinance to public sector banks, down 28.90% to Rs 1,886.73 crore

gdp, gdp growth, CPSE,central public sector undertakings, public firms, business news
August 21, 2017 2:22 am

The GDP growth in FY17 was mostly driven by private consumption but public funds too had a small role.

infosys, vishal sikka, infosys ceo vishal sikka resigns, infosys shares, infosys stocks, business news
August 21, 2017 2:00 am

Over the past few months, Murthy has been critical about the functioning of the board, while questioning the corporate governance practices at Infosys.

Sebi chairman Ajay Tyagi, Ajay Tyagi, Bankruptcy, Business News, Latest Business News, Indian Express, Indian Express News
August 20, 2017 6:22 am

“From an investors’ standpoint, an effective and robust bankruptcy regime is important for developing the corporate bonds market. Investors have been shying away from low-rated corporate bonds and even if the rating is of investment grade, given the high rate of defaults,” said Tyagi

infosys, vishal sikka, infosys ceo vishal sikka resigns, infosys shares, infosys stocks, business news
August 20, 2017 8:40 am

The Rs 13,000-crore buyback scheme, which will begin on a yet-to-be-announced date, will see the company plough back 20.51 per cent of its paid-up equity and free reserves of cash as on June 30, 2017 to the shareholders of the firm.

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August 20, 2017 6:27 am

“In order not to face any last moment technological difficulty in submission of return, all taxpayers are requested to kindly file their return well before 25th/28th of August 2017 and not wait for the last date,” read an official notification

rbi, urjit patel,PSB recapitalisation, public sector banks, business news, banking news
August 20, 2017 6:12 am

Patel said the measures could include a combination of capital raising from the market, dilution of government holding, additional capital infusion by the government, merger based on strategic decision and sale of non-core assets.

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August 20, 2017 8:41 am

A section of employees are, however, not very downcast about the change of guard and are of the view that there is substance to rumours of wrong doing that has been swirling around since the end of the first year of Vishal Sikka’s tenure

arun jaitley, insolvency, NPA resolution, Insolvency and Bankruptcy Code,business news
August 20, 2017 6:04 am

IBC was needed as Debt Recovery Tribunals failed to perform effectively: FM

infosys, vishal sikka, infosys ceo vishal sikka resigns, infosys shares, infosys stocks, business news
August 19, 2017 3:21 am

No change in share buyback plan, says chairman Seshasayee; m-cap tanks to around Rs 2,12,033 cr

Narayana Murthy, infosys, infosys founder, Narayana Murthy infosys founder, india economy, india business, india news, murthy, business news
August 19, 2017 3:15 am

As Vishal Sikka announced his resignation as CEO of Infosys, blaming “increasingly personal attacks”, industry experts say he had led the company to outperform its peers on the very parameter that Murthy had listed six years ago — net income margins.

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August 19, 2017 3:09 am

Sikka in his resignation letter said that his decision to leave stems from continuous “false, baseless, malicious and increasingly personal attacks” that have created “an untenable atmosphere”.

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August 19, 2017 3:04 am

The Opposition Congress Friday demanded a CBI investigation monitored by the Supreme Court into what it called “corrupt practices” of the company.

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August 19, 2017 2:56 am

According to Trai secretary (acting) SK Gupta, if an operator fails to meet the call drop benchmark in a consecutive quarter, the penalty amount will be hiked 1.5 times and in the third consecutive month it will be doubled.

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August 19, 2017 2:51 am

All the banknotes in the denomination of Rs 50 issued by the Reserve Bank in the earlier series will continue to be legal tender: RBI

RERA, real estate, real estate regulation, new real estate laws, economy news, business news, indian express
August 18, 2017 4:27 am

Till now, only financial and operational creditors were permitted to seek claims under the IBC. But Insolvency and Bankruptcy Board of India has amended the regulations whereby claims can be made by creditors other than financial and operational creditors.

Pre-GST, GST, goods and services tax, BHEL, Ebitda, indian express news, business news
August 18, 2017 4:15 am

Deadline for payment of GST as per self-assessment for those taxpayers who want transitional input tax credit, will remain August 20

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August 18, 2017 4:10 am

Centre made it mandatory for its ministries, CPSUs to procure minimum 20% of their products & services from micro and small enterprises from April 1, 2015

August 18, 2017 4:03 am

The Prime Minister said that only governments and their initiatives will not make a New India, while encouraging entrepreneurs to participate in government initiatives. “Change will be powered by each and every citizen of India,” he said.

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August 18, 2017 3:51 am

To decide the knee implant price cap, the NPPA had consultations with various stakeholders such as domestic and foreign orthopaedic device manufacturers; orthopaedic industry associations; orthopaedic surgeons and civil society groups.

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August 18, 2017 3:31 am

The fund is likely to be created in another two-three months following which all central, state and private-sector hydro projects will be brought under the renewable category.

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August 18, 2017 3:27 am

Subramanian suggested ramping up coal production dramatically in the short run and slowing down renewable energy capacity addition. He said that coal can be slowed down and renewable energy ramped up, when social cost for the latter would change in its favour.

August 18, 2017 3:22 am

The response came in as a rebuttal to a media report published on Thursday, which stated that the Tata Group has decided not to have any business dealings with SP Group.

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August 18, 2017 3:18 am

Now, both the banks will pay 3.5% interest on deposits up to Rs 50 lakh

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August 18, 2017 3:13 am

Winfried Heinen, chairman of the executive board of directors of General Reinsurance AG, said linking Indian business with global capital will help the reinsurer to offer cheaper services in the country.

August 18, 2017 2:59 am

The government is working on making lanes of all 371 NHAI toll plazas FASTag-enabled from October 1 this year, National Highways Authority of India chairman Deepak Kumar said after the launch.

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August 17, 2017 1:51 am

The sunset clause under the scheme, which will benefit about 4,284 eligible industrial units in Jammu & Kashmir, Uttarakhand, Himachal Pradesh and northeastern states, has been approved till March 31, 2027.

DGCA, pilot notice period, aviation, civil aviation, indian express news, business news
August 17, 2017 1:47 am

“It is risky if pilots are forced to stay on for a year if they are not in the right frame of mind, and don’t have the correct occupation level,” a senior aviation analyst, on condition of anonymity, told The Indian Express.

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August 17, 2017 1:42 am

The CCEA chaired by PM Narendra Modi also approved empowering the Core Group of Secretaries to take policy decisions with regard to procedural issues and to consider deviations as necessary from time to time for effective implementation of the Cabinet decisions.

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August 17, 2017 1:37 am

A senior official at the Ministry of Electronics and Information Technology said that through this exercise the government aims to scrutinise in hardware component as well as preloaded software and apps to find potential loopholes.

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August 17, 2017 1:32 am

The RBI cut the Repo rate by 25 basis points to a six-year low of 6 per cent on August 2, but kept its policy stance at “neutral”. Four MPC members, including Urjit Patel and Viral Acharya, voted for 25 basis points cut, while Ravindra Dholakia voted for a 50 bps cut.

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August 17, 2017 1:27 am

The 30-share Sensex zoomed 321.86 points or 1.02 per cent to close at 31,770.89, its highest closing since August 9, when it had closed at 31,797.84. Intra-day, the gauge shuttled between 31,805.99 and 31,399.35.

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August 17, 2017 1:24 am

The Haldia closure decision comes just three months after fertiliser minister Ananth Kumar promised the revival of all closed fertiliser projects under a two-pronged strategy to realise Prime Minister Narendra Modi’s vision of ‘Fertilizer Security for Food Security’.

sebi, cyber security, sebi cyber security, Securities and Exchange Board of India, WannaCry, Petya, National Cyber Security, indian express news, india news, business news
August 17, 2017 1:19 am

According to the Sebi notification, it has eased the norms for restructuring in stressed companies that are listed on exchanges as well as resolution plans approved under the Insolvency and Bankruptcy Code (IBC).

Telecom Regulatory Authority of India, TRAI, cloud services, Cloud Services Advisory Group, indian express news, india news, business news
August 17, 2017 1:16 am

The authority said the scope, nature, security requirements, and creation of transparent networks beyond national boundaries will require considerable oversight on cloud service provisioning.

Mobile number portability, TRAI, MNP rejection, MNP regulation, indian express news, india news, business news
August 17, 2017 1:14 am

To make MNP process more subscriber-friendly, based on feedback from the stakeholders and its own analysis, the Authority has issued various directions and amendments from time to time. The current consultation on amendment of MNP regulations is also a part of the same process, it added.