Demonetisation of high value currency notes “can’t be justified” on economic grounds, Reddy said
Following its fourth meeting with Infosys, Sushil Modi said as part of a review meeting, they had decided to introduce editing facility in the filing of the GSTR 3B summary filing
"We have kept things in place to produce eight and we are investing Rs 1,331 crore to increase the capacity to 16 deliverable a year," said HAL CMD T Suvarna Raju
On restaurants raising prices even after a reduction in tax rate to 5 per cent, Adhia said that if there are genuine cases of input cost going up, they are free to increase prices, if it is permitted by competition
Khan Market, despite registering no change in rental values, moved up by four positions in the global rankings since 2016 on account of some key global markets facing devaluation in their rentals.
Debt-laden Reliance Communications posted a fourth straight quarterly loss last week and said it had failed to pay interest on some debentures, sending its shares tumbling.
A discussion paper on the modalities for allocation of coal mines through auction route was earlier placed in the public domain for comments.
India is the top export market for US dry peas, purchasing an average of 200,000 tons, or 30 per cent of US exports, per year.
The agency said it did not find the request by the second largest US automaker "reasonable under the circumstances or supported by the testing and data it has collected to date."
China's housing market has seen a near two-year boom, giving the economy a major boost but also stirring fears of a property bubble.
India’s ranking for Dealing with Construction Permits has improved from 185 to 181, for Resolving Insolvency the improvement has been from 136 to 103, and for Paying Taxes from 172 to 119
From a wider array of choices for home buyers to faster clearance of inventory, the government’s move to increase the carpet area of MIG flats eligible for subsidy under the CLS scheme, according to experts, is likely to benefit both buyers and developers
The BSE index shot up 414 points at one point but the momentum failed to carry on as investors rushed in to book profit and the index closed the day at 33,342.80, up 235.98 points — or 0.71 per cent
The highest-ever average daily construction rate of 130 km has been achieved for rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY). This has led to an addition of 47,400 km of PMGSY roads in 2016-17
Moody’s has already cautioned about the debt scenario. High debt/GDP ratio is likely to increase in the next two years on slower growth
HDFC Bank’s baseline credit assessment adjusted to Baa2; stable outlook for SBI’s DIFC branch
“December 31 is when banks are expected to work out their requirements, their business plans and once that happens, the ministry also will have an idea of who needs how much and what should be the order of prioritisation,” SBI chairman said
“It is not the numbers that matter.... You can consolidate like clubbing centrally sponsored schemes,” said Reddy adding that globally, mergers are yet to be established is as “necessarily the right step”
The Central government needs to constitute the 15th Finance Commission to recommend the sharing of resources between the Centre and the states as well as among states from the divisible pool for the five years from April 2020 to March 2025
Earlier this month, The Indian Express reported that the ICAO was expected to review the functioning of operators including GoAir, Air India Charters, Kestrel Aviation, among others
“On an average a farmers get around 2 tonnes of stubble or straw in an acre. NTPC will bring a tender to buy the pellets of this farm residue in next few days at a rate of Rs 5,500 per tonne,” Power Minister R K Singh said
Earlier the two companies had announced exploration of a business partnership after which they began discussing, the dissemination of vehicle electrification technologies in India.
Earlier in the day, American rating agency Moody's raised sovereign rating of the country by a notch to Baa2 with stable outlook.
Moody's, after 13 years, upgraded India's sovereign rating from Baa3 to Baa2 on Friday.
Moody's India rating upgrade: "This is not something that's happening in isolation," emphasised Arun Jaitley, adding that India is the fastest growing among the major economies for three years in a row if one looks at the big picture.
Moody's India rating: CEA Arvind Subramanian attributed Moody's upgradation to government's policies such as GST, its bank recapitalisation plan, the bankruptcy code and macroeconomic stability.
HDFC Life's rival SBI Life has also shed 6.4 percent since its listing last month after a $1.3 billion IPO.
The rating upgrade comes after a gap of 13 years --Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
All the sectoral indices led by banking, realty and metal were trading in the positive zone, with gains of up to 2.46 per cent.
Moody's also said in a statement that it believes that recent reforms offer greater confidence that the high level of public indebtedness which is India's principal credit weakness will remain stable, even in the event of shocks, and will ultimately decline.
The Securities and Exchange Board of India (Sebi) is also investigating the NSE algo trading case to ascertain if brokers made unfair gains in connivance with exchange officials.
The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers.
Ravi Shankar Prasad said on Thursday that India is very keen to promote cyber-diplomacy as part of its diplomatic initiatives.
Recapitalisation of PSBs will be linked to strict performance parameters, said Arun Jaitley.
S&P BSE Bharat 22 Index blends sectors with secular growth prospects and cyclicals which can help reduce volatility and improve returns.
Srinivasan spoke about competition, growth in the sector, crop insurance, motor and health insurance.