Loading...
You are here:  Home  >  News  >  Business
Latest

CBEC to be renamed, reorganised for GST regime

By   /  March 26, 2017  /  Business  /  Comments Off on CBEC to be renamed, reorganised for GST regime

New Delhi, March 25 (IANS): The Central Board of Excise and Customs (CBEC) will be reorganised for the implementation of the Goods and Services Tax (GST) system and renamed the Central Board of Indirect Taxes and Customs (CBIC) following parliamentary approval. “Reorganisation of the field formations of CBEC for the GST implementation has been approved […]

Read More →
Latest

Markets end in red due to fresh selling pressure

By   /  March 26, 2017  /  Business  /  Comments Off on Markets end in red due to fresh selling pressure

Mumbai, March 25 (PTI): Markets ended red due to fresh selling pressure from operators as the S&P BSE benchmark sensex dropped by 228 points to end the week at 29,421.40 and and the NSE 50-share Nifty by 52 points to close at 9,108. After an exciting past week, the markets posted losses this week on […]

Read More →
Latest

SEBI bans RIL from equity derivatives market for a year

By   /  March 26, 2017  /  Business  /  Comments Off on SEBI bans RIL from equity derivatives market for a year

Mumbai, March 25 (IANS) : The Securities and Exchange Board of India (Sebi) on Friday banned Reliance Industries Ltd (RIL) and 12 others from equity derivatives trading for one year and directed RIL to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case. The ban, in effect from Friday, relates to […]

Read More →
Latest

Four former bank employees booked for Rs 209 cr fraud

By   /  March 26, 2017  /  Business  /  Comments Off on Four former bank employees booked for Rs 209 cr fraud

New Delhi, March 25 (IANS) : The CBI has registered a case against two former additional general managers and two ex-chief managers of Syndicate bank and others for causing an alleged loss of Rs 209 crore to the bank. The agency registered the case under sections of criminal conspiracy, cheating and forgery of the Indian […]

Read More →
Latest

Cabinet clears GST draft bills; reform to boost growth by 2%

By   /  March 21, 2017  /  Business, Nation  /  Comments Off on Cabinet clears GST draft bills; reform to boost growth by 2%

New Delhi, March 20 (PTI): The Cabinet on Monday cleared four legislations for implementing GST as the government sprints to meet the July 1 schedule to rollout the indirect tax reform which can add up to 2 per cent to India’s economic growth. The bills on compensating states for loss of revenue from GST rollout […]

Read More →
Latest

Jio customers to remain loyal even with paid services: Report

By   /  March 19, 2017  /  Business  /  Comments Off on Jio customers to remain loyal even with paid services: Report

New Delhi, March 18 (IANS): As Jio will make its services paid from April 1, 2017, it was thought that many customers may stop subscribing to it, but a research conducted by brokerage firm Bernstein showed opposite trend. “We expected many people would appreciate the ‘free’ Jio offer but be critical regarding voice quality – […]

Read More →
Latest

Tax Department makes public list of defaulters owing 448 crore

By   /  March 19, 2017  /  Business  /  Comments Off on Tax Department makes public list of defaulters owing 448 crore

New Delhi, March 18 (PTI):The Income Tax department today released a list of 29 entities owing 448.02 crore in taxes as part of its strategy to name and shame large defaulters. In advertisements issued in leading national dailies, the department brought out the list of defaulters of income tax and corporate tax even as it […]

Read More →
Latest

Indian steel exports grow 78% during April-February

By   /  March 19, 2017  /  Business  /  Comments Off on Indian steel exports grow 78% during April-February

New Delhi, March 18 (IANS) : Indian steel exports have risen by 78 per cent in the eleven months (April-February) of the current fiscal and the country is on course to becoming the second largest steel producer in the world, Steel Minister Chaudhary Birender Singh said on Friday. Noting that “the past 3 years have […]

Read More →
Latest

Tomorrow’s India will be fantastic, says Mukesh Ambani lauding Modi

By   /  March 19, 2017  /  Business  /  Comments Off on Tomorrow’s India will be fantastic, says Mukesh Ambani lauding Modi

Mumbai, March 18 (IANS): Reliance Industries Chairman Mukesh Ambani on Saturday lauded Prime Minister Narendra Modi for his demonetisation move and digital drives, adding that India has the potential to be the leader in the 4th industrial revolution. “Thanks to demonetisation, India has taken a big leap forward from a predominantly cash economy to a […]

Read More →
Latest

SBI Farm loan waivers upset credit discipline: SBI Chairman

By   /  March 16, 2017  /  Business  /  Comments Off on SBI Farm loan waivers upset credit discipline: SBI Chairman

Mumbai, March 15 (PTI): Expressing reservations over farm loan waiver schemes, State Bank of India Chairman Arundhati Bhattacharya has said such sops may disrupt credit discipline among borrowers. Ahead of the recently concluded assembly elections in Uttar Pradesh, the BJP had promised to bring in a loan waiver scheme for farmers in the state, if […]

Read More →