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Ola cuts mid-day travel prices to Rs 5/km

The CCI had last month said the investigation into alleged predatory pricing of Ola was at a ‘preliminary stage’.

FTIL in its release had said that the Government cannot merge National Spot Exchange with FTIL. (Reuters)

FinMin notifies Sebi-FMC merger from September 28

Finance minister Arun Jaitley had 2015 Budget announced the merger of FMC with Sebi.

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Minimum wage not in sync with turf realities

According to the formula, the per day expenditure of such workers is estimated at Rs 211 per day or Rs 6,330 per month.

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100 per cent divestment: Unlocking the private potential

In the past three years 1,427 road projects were sanctioned, of which 437 are running behind schedule, 101 are under dispute and 1,022 projects have been completed while 57 were terminated.

Fitch slashes PNB’s viability rating

The agency said PNB’s viability rating (VR) has been downgraded to reflect the growing risk to the bank’s capital position from its mounting stock of stressed assets, which has risen at a faster rate than its capital replenishment.

Maruti launches Ciaz hybrid version

The hybrid version (available only in diesel) is priced Rs 8000-20,000 lower than the corresponding outgoing pure diesel versions. The firm said the car would offer fuel efficiency of 28.09 km/litre.

Will deal with bad elements in I-T dept: Revenue secy

The 1981-batch Gujarat cadre official was earlier holding the charge of secretary, department of financial services.

JP Morgan’s 1% cap on redemption sparks off debate on liquidity commitments of MFs

It is the first time since the 2008 financial crisis that a mutual fund has imposed such a restriction.

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Centre announces new measures, appeals to unions to call off strike

The 10 central trade unions together are estimated to have a membership of over 11 crore workers and have over 15,000 affiliated unions across the country.

In absence of Plan Panel: FinMin advances its yojana for the budget

Significantly, the government has also finalised its team of key officials who would be responsible for the Union Budget 2016-17.

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Sensex loses 109 points on monsoon, GDP worries

The broader Nifty at the National Stock Exchange too fell 30 points to close below the 8,000-mark at 7,971.

April-July fiscal deficit at 69.3% of Budget Estimates

Total expenditure in April-July was 33.8 per cent of the Budget estimate (BE) for the full year, according to data compiled by the Controller General of Accounts.

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Surplus spectrum: Supreme Court dismisses plea of accused firms

The firms, had said the court was constituted to deal with matters pertaining only to 2G scam and additional spectrum case was not covered.

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Too big to fail: RBI names SBI, ICICI as systemically important

In July 2014, the RBI had said four to six domestic lenders would be labelled “systemically important” and it created a framework to safeguard the interests of public.

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FII monthly outflow in August highest ever at Rs 17,487 crore

In June 2013, while the FII outflows from equities remained lower than those witnessed in August, the outflow from debt market was higher at Rs 33,134 crore.