Banks have also been asked to ring fence the cash flows of corporate borrowers, to ensure that their earnings are not diverted for other purposes.
Tesla, which last year picked China for its first assembly plant outside of California, had held months of public and private discussions with India before opting for the Chinese site.
Stepping up the tariff war, Reliance Jio has decided to offer 500 MB extra data to its subscribers using 1GB and 1.5GB per day data packs with effect from January 26, company sources said yesterday.
"We are looking to garner 20 per cent of product sales from the newly entered segment and a revenue of Rs 100 crore in three years," VLCC Personal Care Chief Business Officer M V Natarajan said
External Affairs Minister Sushma Swaraj said the cultural bonds between India and ASEAN countries were centuries old and the "onus was on us to propagate this special relationship amongst the youth in both the regions".
Referring to Prime Minister Narendra Modi's keynote address on Tuesday, Chief Minister Devendra Fadnavis said he had talked about India becoming a five trillion dollar economy by 2025 and his strong India pitch will also help Maharashtra a lot.
The yen has gained a lift in recent weeks, after the Bank of Japan trimmed its buying of long-dated government bonds in market operations earlier this month, sparking speculation of an eventual exit from its large stimulus.
Forex dealers said the dollar was trading weak against major world currencies in global markets which supported the rupee.
The BSE 30-share barometer dropped by 54.30 points or 0.15 per cent to 36,085.68 in opening trade as index major Reliance Industries, ICICI Bank and Bharti Airtel declined.
The company filed for Chapter 11 bankruptcy protection in September, just ahead of the crucial holiday season, to restructure $5 billion of long-term debt.
The total liabilities of the companies stand at around Rs 7.75 lakh crore as on March 31, 2017, of which bank borrowings and liabilities for spectrum-related payment to DoT alone stand at Rs 5.80 lakh crore.
The case is based on a probe conducted by the Directorate of Revenue Intelligence which found that between 2011-12 and 2014-15, over-invoicing was done by the firms.
Speaking at the ASEAN-India Business and Investment Meet, he said India’s growth rate has picked up in the last 25 years and investors look at the prospects of country’s economic growth over the next 2-3 decades.
At 95%, this year’s operating ratio is a marginal improvement over last year’s 96%, as per Revised Estimates of Budget 2018-19, sources said.
With its revised estimates in percentage terms, the agency has now kept the unemployment rate for India constant at 3.5 per cent for all three years of 2017, 2018 and 2019.
However, the 1,000-point rally in less than a week, and 342 points gain on Tuesday, has raised the spectre of excessive speculation ahead of the Union Budget scheduled on February 1.
According to the report, India ranks second last among the G20 economies ahead of only South Africa and trailing behind Russia (19), China (26) and Brazil (37).
The tariffs on washing machines, meantime, have dealt a heavy blow to South Korea's Samsung Electronics and LG Electronics
Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply curtailments by a group of exporters including OPEC and Russia.
Panagariya said Indian economy grew 7.5 cent in the first three years of the Narendra Modi government, but two major reforms -demonetisation and goods and services tax - brought the growth rate down a little.
Christine Lagarde expressed concern over the high level of discrimination faced by women in rural India and emphasised that there is an urgent need to address this issue.
Rates during the first fortnight starting June 16 dropped but have been on the rise since July 4. Since then prices are revised on daily basis. On Tuesday, price of petrol went up by 15 paisa per liter and that of diesel by 19 paisa.
The low-cost carrier stated on its website that the offer can be availed between January 22 and 25 and it will be applicable for travel until December 12, 2018.
Some market participants said they were monitoring the outcome of the European Central Bank's meeting on Thursday for possible clues to future shifts in it monetary policy, which was expected to bring some volatility to major currencies.
The dollar's recovery against some currencies overseas restricted the local unit's upmove.
The United States government shutdown had also ended when Democrats agreed to end the standoff in exchange for President Donald Trump's Republicans promising a debate on the future of young illegal immigrants. The deal lasts until February 8.
Sensex, Nifty hit record high: In the opening trade Tuesday, Nifty breached the historic 11,000 mark while the Sensex hit a new high of 35,957.99.
Local cryptocurrency traders will not be allowed to make deposits into their virtual currency exchange wallets unless the names on their bank accounts matches the account name in cryptocurrency exchanges.
Netflix said the charge, disclosed in its fourth-quarter earnings report, was related to "unreleased content we've decided not to move forward with."
A jurisdiction-free assessment implies that a taxpayer in Delhi, for instance, could be assessed by a tax officer randomly selected by the online system of the tax department and located in any other part of the country.
India’s growth will rise steadily to 7.4 per cent in 2018-19 and 7.8 per cent in the year after, the multilateral body said in its latest forecast.
Total income declined to Rs 14,314.63 crore during the quarter from Rs 14,501.21 crore in the year-ago period, hurt by lower treasury income.
To fund ports, terminals, transportation and logistics businesses in India.
The 42nd round of the Joint Meeting of JCCI’s Japan-India Business Cooperation Committee and FICCI’s India-Japan Business Cooperation Committee will also be held on the January 23.
In the latest data, only 5-6 items contributed 70-80% of growth in IIP, WPI & CPI showed divergent trend and trade deficit widened to 3-year high.
Loan recast packages for over Rs 61,000 crore failed in 12 months ended September 2017.