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Rail Vikas Nigam’s IPO to start today, price band set at Rs 17-19 per equity share

March 29, 2019 1:15:57 pm

The IPO is an offer for sale by the President of India, under the guidance of the Ministry of Railways and the Government of India, the statement added.

Vijay Mallya faces bankruptcy over $1.5 billion in debt

Vijay Mallya’s 74 lakh shares sold for Rs 1,008 crore

March 28, 2019 12:40:03 pm

The ED said the shares attached were lying with Yes Bank and the Karnataka High Court had recently ordered the bank to surrender these "in favour of" the Debt Recovery Tribunal.

RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues

Mukesh Ambani may reap rewards from Anil’s telecom woes

March 20, 2019 3:06:17 pm

In a last-minute rescue Monday, Mukesh stepped in to help younger brother Anil pay $80 million in dues to a local unit of Ericsson AB and avert a three-month jail sentence. On the same day, his Reliance Jio Infocomm Ltd. and Anil’s RCom terminated a 2017 deal that had helped the latter stave off bankruptcy.

Moody's says Reliance stake sale to Aramco credit positive

Forbes rich list 2019: These are India’s 10 richest people

October 13, 2019 4:38:21 pm

Forbes Richest Indians list: Mukesh Ambani continued to lead the Indian pack in the Forbes list which featured 106 Indians this year. Here are the top 10 Indians in the Forbes rich list.

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EPFO interest rate hiked to 8.65% for 2018-19 from 8.55% last year

February 21, 2019 5:14:39 pm

The EPFO had provided a five-year low rate of interest of 8.55 per cent to its subscribers for 2017-18.

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Andhra Pradesh move to re-open PPAs takes the wind out of RE projects

February 15, 2019 4:10:36 am

Worries that others states could follow suit; could lead to fresh wave of NPAs.

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Every default shouldn’t be NPA on 90th day: FM Piyush Goyal

February 9, 2019 3:14:20 am

Citing the case of a power producer to which a distribution company owed money, the minister said just because the discom did not pay up, the power producer does not become a defaulter.

Citizens must take matters into their own hands if they want to prosper: Bibek Debroy

February 9, 2019 2:52:13 am

Debroy said there was a distinction between government and governance and that citizens needed to take matters into their hands if they wanted to prosper.

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Problems for entrepreneurs are same everywhere, says Binny Bansal after Walmart ouster

February 5, 2019 10:06:33 am

Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.

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Budget 2019: Plan some, pay 0 tax on Rs 10 lakh annual income

February 2, 2019 11:15:50 am

No tax for taxable income below Rs 5 lakh: This will incentivise individuals with gross income of even around Rs 10 lakh to make the best use of the deductions available.

Govt christens DIPP as Department for Promotion of Industry and Internal Trade

January 30, 2019 2:22:16 pm

The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups.

Sonia, Rahul to visit their Lok Sabha constituencies on January 23, 24: Congress leader

National Herald case: CBDT issues fresh circular for clarifying stance

January 23, 2019 1:11:50 am

The latest circular states the Board has made a “comprehensive review” related to interpretation of the word “receives” used in Section 56(2)(viia) of the Income-tax Act.

Only 1,334 MW of solar rooftops installed: CSE

January 22, 2019 2:43:28 am

The CSE report points out that the “dominance” of large-scale rooftop installations by commercial, industrial, institutional and government/PSU segments has meant that “attention to the residential solar rooftop segment has lagged behind.

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Allegations over allocation of microwave spectrum baseless: Telecom Minister Manoj Sinha

January 17, 2019 1:12:21 am

Manoj Sinha says that bidding rules do not apply to backhaul airwaves

MGNREGA gets additional Rs 6,000 crore; highest ever total allocation in a fiscal

MGNREGA gets additional Rs 6,000 crore; highest ever total allocation in a fiscal

January 16, 2019 8:59:18 am

Over the last four years the Centre has completed major reforms in the MGNREGA to transform it into a resource for sustainable livelihoods for the poor, the Union Rural Development Ministry said.

Telecom department asks Internet providers to block 827 porn websites

Internet companies say committed to fair, transparent polls in India

January 15, 2019 1:55:41 am

No online platform should be abused to undermine the integrity and sanctity of democratic processes, IAMAI said on a panel’s suggestion of a formal line of communication between EC and social media companies

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Passenger vehicle sales dip marginally in December; fifth monthly decline since July

January 15, 2019 1:43:15 am

According to Society of Indian Automobile Manufacturers (Siam) data, passenger vehicle (PV) sales in December stood at 2,38,692 units, marginally down from 2,39,723 units in December 2017.

Mumbai court junks Raymond CMD’s plea against father’s autobiography

January 7, 2019 6:50:02 pm

Gautam Singhania had filed the suit in September 2018 seeking an injunction on the proposed book, and also sought a copy of the book's manuscript.

The mines ministry in its annual report had said it is exploring the possibility to revive BGML in view of the preliminary estimates of MECL on gold reserves in the Kolar Gold Fields.

Bharat Gold Mine employees seek Centre’s intervention to resolve issues

December 23, 2018 12:38:50 pm

Bharat Gold Mines Ltd was closed in March 2001 and the Union Cabinet in 2006 decided to dispose of assets and liabilities of the company through an open tender for smooth closure.

India needs a decisive PM, not maverick leadership: Jaitley

GST rate cut: From movie tickets to TVs, here’s full list of items set to get cheaper

December 22, 2018 9:18:34 pm

Six items have been taken out from the highest GST bracket of 28 percent, thereby leaving only 28 items in the slab. Now, the 28 percent slab is restricted to only luxury and sin goods, apart from auto parts and cement.

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