September 22, 2018 6:25:01 am

We wish to categorically state that DHFL has not defaulted on any bonds or repayment nor has there been any single instance of delay on any of its repayment of any liability.

The norms have been finalised after taking into consideration suggestions from a panel headed by former RBI Deputy Governor H R Khan and comments from the public.
September 22, 2018 6:16:47 am

Sebi has allowed non-resident Indians (NRIs), overseas citizens of India (OCIs) and resident Indians (RIs) to be constituents of FPI subject to certain conditions.

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September 22, 2018 6:14:02 am

HFCs, NBFCs bear the brunt of sell-off amid rumours of a debt crisis in the sector

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September 22, 2018 6:09:07 am

Haircut on all resolved cases was around 45% for financial creditors

E-commerce companies to face tax audit over GST refund issue
September 21, 2018 10:34:16 pm

The Finance Ministry Thursday notified TCS at the rate of 0.50 per cent of the net value of intra-state taxable supplies made through the e-commerce portals by other suppliers in the Central Tax law.

The norms have been finalised after taking into consideration suggestions from a panel headed by former RBI Deputy Governor H R Khan and comments from the public.
September 21, 2018 6:45:49 pm

Certain categories of FPIs would be required to maintain a list of beneficial owners and provide the same to the regulator.

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September 21, 2018 5:31:26 pm

"This robust performance was partly attributable to a powerful base effect, with GDP growth dampened in 2Q17 (April-June) by companies de-stocking ahead of the rollout of the goods and services tax," Fitch said.

Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms
September 21, 2018 7:05:16 pm

The issue relates to remittances by migrants from urban pockets to their homes in rural areas. The tax department feels the bank has violated norms and under-paid the tax, while the bank feels the opposite.

Sensex falls another 310 pts on domestic, global woes
September 21, 2018 4:54:59 pm

Yes Bank was the top the losers in the Sensex pack by plunging 19 per cent after the RBI asked its managing director and CEO Rana Kapoor to step down after an extended term till January 31, 2019.

Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms
September 21, 2018 12:02:55 pm

The curtailing of the term for co-founder MD and CEO Rana Kapoor by the Reserve Bank of India has hit the bank's stock, which has plummeted.

Sensex rallies over 300 pts, Nifty reclaims 11,300-mark
September 21, 2018 10:45:41 am

Overseas, most Asian shares were trading higher, tracking positive closing in the US market overnight.

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September 21, 2018 4:28:13 am

The interest offering on 5-year senior citizen savings scheme will be 8.7 per cent as against 8.3 per cent for the quarter ending September 2018.

Turkish lira weakens to 5.86, US warns of more sanctions
September 21, 2018 1:21:53 am

The RBI in its annual report earlier had highlighted that the CAD was expected to be largely financed by FDI flows.

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September 21, 2018 1:18:54 am

IL&FS, on September 6, said the Reserve Bank of India (RBI) had barred the company from accessing the commercial paper market till February 28, 2019.

Tata Motors net profit rises over 10-fold to `1,215 cr in Dec quarter
September 21, 2018 1:13:59 am

The revision has come basically because the ratings agency expects that JLR’s continuing large investments will keep Tata Motors’ free cash flow negative over FY19 and FY20, compared with earlier expectations of them turning positive by FY20.

September 21, 2018 1:09:51 am

Punitive vigilance is difficult in a public sector institution as rewards are low to start with, thereby limiting the possibility of downward revisions, said Urjit Patel.

September 21, 2018 1:06:55 am

For July, the enrolment numbers were at the highest level since September at 9.51 lakh, taking the cumulative net enrolment for September-July to 61.81 lakh, the data released by EPFO on Thursday showed.

September 21, 2018 9:33:57 am

Rathin Roy says the increase in the CAD is partly a result of the goods and services like four-wheelers, higher education, civil aviation, and recreation travel consumed by a small percentage of the population, say 100 million.

FDA OKs first drug to treat smallpox, in case of terror attack
September 21, 2018 12:44:04 am

Oxytocin is administered to pregnant women to “prevent and treat” postpartum haemorrhage (PPH). PPH accounts for about 35 per cent of all maternal deaths, says the World Health Organization.

September 20, 2018 11:46:04 pm

The recall covers certain 2015 to 2017 Nissan Murano, 2016 and 2017 Nissan Maxima, 2017 through 2018 Nissan Pathfinder and 2017 Infiniti QX60 vehicles.