- Follow live updates on Coronavirus pandemic
- Punjab Police forms SIT, 12 days after Suresh Raina’s uncle killed, day after cousin died
- From farm ordinances to GST, Punjab squares up to Centre on multiple issues
- NPAs in SHG loans see jump, states told to collect dues
- Four CMs write to PM, FM on GST: Centre ought to borrow
- In statements to police, Rajput’s sisters said he felt low since 2013
- Kafeel Khan free after Allahabad HC scraps NSA arrest, upholds his speech
- SC lets telecom firms stagger AGR payments over 10 years
- 'It was exciting that new faces were preferred': Class of '83 casting director Abhimanyu Ray
Amazon makes India centre of fintech push with new offerings – insurance and gold
To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016. It has since introduced a credit card, signed up to a state-backed payments network, and processes payments for movie and flight tickets as well as telephone and utility bills.
Bajaj Auto posts 9 per cent fall in total sales in August
Total domestic sales in August stood at 1,85,879 units as compared to 2,08,109 units in the same month of 2019, a drop of 11 per cent, Bajaj Auto said in a regulatory filing.
Amazon drivers are hanging smartphones in trees to get more work
Drivers have been posting photos and videos on social-media chat rooms to try to figure out what technology is being used to receive orders faster than those lacking the advantage. Some have complained to Amazon that unscrupulous drivers have found a way to rig the company’s delivery dispatch system.
Kuwait, one of the world’s richest petrostates, is running out of cash
The OPEC club of oil-exporters has revived crude from its historic drop this year, but $40 is still too low. The coronavirus pandemic and shift toward renewable energy threaten to keep prices depressed.
Mercedes straddles old and new with electric S-Class reboot
Despite its origins in the 1950s, the S-Class still pulls in major money for Daimler, particularly in China, where the company sells more of the model’s most expensive variant, the Maybach, than anywhere else.
Vodafone Idea shares climb over 14.5% as telco to consider fund raising on Sep 4
Vodafone Idea Share Price: The Vodafone Idea stock rose 14.69 per cent to hit a high of Rs 10.15 per share on the National Stock Exchange (NSE), while on the BSE, it climbed 13.61 per cent to Rs 10.10 apiece. However, the stock trimmed some of its gains by late morning deals.
Rupee skids 25 paise to 73.12 against US dollar in early trade
At the interbank forex market, the rupee opened on a weak note at 73.10, then fell further to 73.12, registering a fall of 25 paise over its last close.
Sensex rises over 50 points in early trade; Nifty tests 11,500
After opening on a choppy note, the BSE Sensex was trading 58.69 points or 0.15 per cent higher at 38,959.49; while the NSE Nifty was up 22.95 points or 0.20 per cent at 11,493.20.
Four CMs write to PM, FM on GST: Centre ought to borrow
Two days after the GST Council meeting last week, the Centre had detailed two borrowing options proposed to states for meeting the compensation shortfall of Rs 2.35 lakh crore.
SC lets telecom firms stagger AGR payments over 10 years
These yearly instalments will have to be made by March 31 of every succeeding financial year and a compliance report by the companies as well as the DoT has to be filed by April 7 of that year, a three-judge bench headed by Justice Arun Mishra said.
August GST mop-up at Rs 86,449 crore, 12% lower than year-ago month
While the first quarter GST collection in FY21 was only 59 per cent of the same period last year, the collection improved to nearly 70 per cent in April-July period compared with the corresponding period a year ago.
Automakers continue good run in August; Maruti, Hyundai clock double-digit growth
Hyundai Motor India reported a 19.9 per cent jump, with domestic sales of 45,809 units in August against 38,205 units in the same period last year.
Waiver of interest on interest ‘against basic canons of finance’: Centre to SC
In an affidavit filed in the Supreme Court, the Finance Ministry said the government is alive to the problems faced by borrowers in the various sectors.
Can look at mini trade deal before US elections; entire package is near ready: Piyush Goyal
The final decision is being left to United States Trade Representative Robert Lighthizer, he said during a virtual conference on Tuesday.
Thomas Isaac on GST compensation: This is a Constitutional right of states … Centre should borrow and provide
"We are not just rejecting the proposals. We are putting forward a third option: central government borrows the full compensation and the states will agree to extend the cess for sufficiently long period to recoup this amount," Kerala Finance Minister said.
Moratorium window over: Banks plan framework for retail loan restructuring
For recast of corporate loans, the modalities will be worked out after an expert panel, led by KV Kamath, submits its report to the RBI.
‘Adani Group ranked world’s largest solar power generation asset owner’
In a statement, Adani Green Energy Ltd said that the company’s renewable energy portfolio exceeds the total capacity installed by the entire US solar industry in 2019 and will displace over 1.4 billion tons of carbon dioxide over the life of its assets.
Lufthansa to operate 160 flights between India and Germany in September
In a press release, Lufthansa said, "In September, 10 weekly flights are scheduled for each of these city pairings -- Delhi-Frankfurt, Delhi-Munich, Mumbai-Frankfurt, Bangalore-Frankfurt."
I-T authorities can share info with scheduled commercial banks, CBDT says
In a notification dated August 31, the Central Board of Direct Taxes (CBDT) included 'scheduled commercial banks', listed in the second schedule of the Reserve Bank of India Act, 1934, under Section 138 of Income Tax Act for sharing of information.
Global air passenger traffic falls by 79.8 per cent in July: IATA
Passenger traffic is measured in revenue passenger kilometers or RPKs, which is calculated by multiplying the number of passengers in a flight to the distance travelled by the flight.
Hyundai Motor India sales dip 6% in August to 52,609 units
Domestic sales, however, were up 19.9 per cent to 45, 809 units as against 38,205 units in August 2019, Hyundai Motor India Ltd (HMIL) said.
Mahindra & Mahindra’s August sales dip 16% to 30,426 units
In the domestic market, sales were down 13 per cent to 29,257 units last month, compared to 33,564 units in August 2019.
Rupee soars 73 paise, breaches 73-mark against US dollar
At the interbank forex market, the domestic unit opened at 73.18 against the US dollar and shuttled between 72.75 and 73.19. It finally finished at 72.87, up 73 paise from its previous close of 73.60.
Toyota Kirloskar Motor sales dip 48% to 5,555 units in August
"We began August with a lot of apprehensions due to the skewed rise in COVID positive cases in the Karnataka state and throughout the country. It had a resultant impact on both the demand and supply scenarios," Toyota Kirloskar Motor (TKM) Senior Vice President Sales & Service Naveen Soni said in a statement.
Real GDP likely to contract by 10.9% in FY21, says SBI’s Ecowrap
It had earlier estimated real gross domestic product (GDP) at (-) 6.8 per cent for the current fiscal.
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