Business News
May 22, 2020
GST on contractual damages: Time for government to clear the air Subscriber Only
Levying of taxes on ‘contractual damages’ remains one of the most debated issues under the Goods and Services (GST) laws, and may soon become litigious, with an increase in claims for damages.
Express Web DeskMay 22, 2020
Reserve Bank of India (RBI) Governor Shaktikanta Das extended the moratorium on loan repayments by three more months in view of coronavirus (COVID-19).
Express Web DeskMay 22, 2020
Following the announcement by Reserve Bank of India (RBI) Governor Shaktikanta Das, the loan EMIs are set to get cheaper particularly the home loans that are linked to the marginal cost of funds-based lending rate
Express Web DeskMay 22, 2020
Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent, while the reverse repo rate was reduced simultaneously to 3.35 per
Express Web DeskMay 22, 2020
RBI Governor Shaktikanta Das press conference highlights: The decision to reduce repo rate was taken to revive growth and mitigate the impact of the coronavirus pandemic.
PTIMay 22, 2020
Prior to this, Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.
Pranav MukulMay 22, 2020
Air fares capped for 3 months, web check-in, face mask, and Aarogya Setu approval must Subscriber Only
While airlines did not offer an official comment on the proposal to cap fares, they said a minimum fare would help only if intrinsic demand was muted, but setting an upper cap could create shortages
ENS Economic BureauMay 22, 2020
By hiking the fiscal deficit limits for states, the Centre has enabled them to support their expenditure, even as linking of additional borrowing with reforms will help in medium-term debt management, the Commission’s Chairman N
George MathewMay 22, 2020
An RBI report states that private sector banks led the credit expansion with their share in the total credit successively expanding to 35.7 per cent in December 2019, from 32.2 per cent a year ago
ENS Economic BureauMay 22, 2020
The pandemic-led slowdown will mostly affect lower-revenue users, those who spend `50-100 a month, which could prevent further improvements in monthly ARPU, Fitch Ratings said.
Express Web DeskMay 21, 2020
India Domestic Flights Tickets and Fares: Union Aviation Minister Hardeep Singh Puri said 40 per cent of the seats in any flight would have to be sold at the mid-point of the lower and upper
PTIMay 21, 2020
There is a post-default curing period of 90 days for the rating to move from default to speculative grade and generally 365 days for default to move to investment grade.
PTIMay 21, 2020
"I think this is an year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be an year
PTIMay 21, 2020
"Dealing with the COVID-19 pandemic has brought out the critical importance of the public sector in health provisioning," Fitch added.
Express Web DeskMay 21, 2020
Airlines are allowed to release boarding passes only after obtaining a self-declaration from passengers that they are not residing in a containment zone or have been under quarantine, the ministry guidelines said.
ReutersMay 21, 2020
Spot gold slid 0.7% to $1,737.09 per ounce by 0744 GMT. US gold futures slipped 0.8% to $1,738.40.
Vishnu VarmaMay 21, 2020
While the airline industry is going through a rough patch during lockdown, Mathews says the industry has to "try to reduce spending as much as possible so that you don't run out of cash".
Express Web DeskMay 21, 2020
Shares of InterGlobe Aviation, which operates IndiGo, rose as much as 12.84 per cent to Rs 1,029 apiece on the BSE, while on the NSE, it climbed 12.93 to Rs 1,029.85. Similarly, SpiceJet shares rallied
PTIMay 21, 2020
At the interbank foreign exchange, the rupee opened at 75.70, then gained ground to touch 75.67, registering a rise of 13 paise over its previous close.
ReutersMay 21, 2020
Brent crude futures for July delivery were trading up 33 cents, or 0.9%, at $36.08 per barrel at 0344 GMT, rising for a second day.
PTIMay 21, 2020
After rising to an intra-day high of 31,188.79, the 30-share index settled 114.29 points or 0.37 per cent up at 30,932.90. The broader NSE Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.
ReutersMay 21, 2020
MSCI's broadest index of Asia-Pacific shares outside Japan was up just 0.04%, having rallied around 3% so far this week. S&P 500 e-mini stock futures fell 0.66%.
ReutersMay 21, 2020
World Bank Group President David Malpass said Reinhart's experience and insights would prove invaluable during the current unprecedented crisis triggered by the coronavirus pandemic.
BloombergMay 21, 2020
Merkel Says Lufthansa deal close as airline warns on urgency Subscriber Only
Lufthansa confirmed in a statement it’s in advanced talks with Germany’s Economic Stabilization Fund for aid of as much as 9 billion euros ($9.9 billion).
ENS Economic BureauMay 21, 2020
A single-judge Bench of Justice Vibhu Bakhru held that the order passed by the CCI was an administrative order which was well within the rights of the anti-trust body, and therefore could not interfered by
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