Business

A proposal to clear demands put forth the firms was considered by the DCC, formerly known as Telecom Commission.

Reliance Nippon Life Asset Management Ltd listed on the stock exchanges in November 2017 and is down by around 25.8 per cent against the issue price of Rs 252.

The Centre Wednesday announced equity infusion of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and to provide growth capital to better performing banks.

The MPC, in its first meeting after Shaktikanta Das took over as the RBI Governor, unanimously agreed to move the policy stance to ‘neutral’ from ‘calibrated tightening’.

The Governor, in a meeting with bankers, is believed to have said that since monetary policy enunciations are based on specific calculations with respect to macroeconomic trends, he would expect better and quicker transmission.

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

Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.

"RCom is confident of raising the balance approx Rs 200 crore for payment to Ericsson, in order that the entire Rs 550 crore plus interest thereon stands paid to Ericsson well within the time of

The Australian airline plans to fly non-stop from Sydney to New York and London by 2022, marathon routes that will be the world’s longest commercial services.

The official, Dane Butswinkas, was a Washington trial lawyer who represented the company’s chief executive, Elon Musk, when he was sued by the Securities and Exchange Commission last year.

On Friday, celebrities including actor Deepika Padukone and eight-time Grand Slam champion Andre Agassi, are scheduled to participate in the event.

Equity is also being infused in some banks to ensure that they do not breach thresholds set up in Prompt Corrective Action framework of the Reserve Bank of India.

Officials said the policy will target over 1 lakh merchants and traders, who would now have to own up to their previous undeclared earnings and unpaid tax to avoid penalties and interest on tax dues.

The Committee submitted its report on January 29, while the Petroleum Minister approved it on February 5. It was put up before a Group of Ministers on February 13 and approved the same day.

Interestingly, the industry sectors have also expanded beyond IT services and together are almost half the industry revenues in 2018-19.

The sharp outflow over the last three trading sessions contrasts a strong inflow of funds since the budget announcement on February 1, 2019, as FPIs had invested a net of Rs 5,608 crore between February

The I-T department has allegedly identified multiple contracts that IL&FS Rail awarded to shell companies and procured fake invoices against non-existent work to lower its profits.

According to the latest available data, as of mid-January 2019, 4,648 complete applications were received for exemption under Section 80IAC of the Income Tax Act.

DRI has moved SC against a September 2018 order of the Bombay HC that granted an interim stay on the use of Letter Rogatory (LR) by the agency to obtain information from foreign jurisdictions.

Snapping a four-session decline, the rupee also appreciated by 23 paise to end 71.11 against the US dollar due to easing oil prices and a firm greenback.

Ahead of the Council meeting, close to half a dozen Opposition-ruled states including Kerala, Delhi and Puducherry had sent letter to Jaitley on Tuesday asking for deferment of the meeting.

Financial Services Secretary Rajiv Kumar said the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks under the Prompt Corrective Action.

“Today's meeting has been adjourned till Sunday,” Arun Jaitley said, adding discussion on real estate and lottery will continue.

Saudi Aramco, the world's biggest oil company, and its partner Abu Dabhi National Oil Co (ADNOC) have picked up 50 per cent stake in a planned USD 44-billion refinery in Maharashtra but the project is

Officials said the central probe agency has registered a case under the Prevention of Money Laundering Act (PMLA) in the alleged payment default case.