Goods and Services Tax
October 26, 2017 10:34 pm

The GST Council, in its 21st meeting in Hyderabad, had decided to extend the deadline for filing TRAN-1 form to October 31, from September-end earlier. It also allowed businesses to revise the form once in the case of any discrepancy.

GoAir flight, GoAir plane, Pune-bound goair, GoAir plane diverted, GoAir technical snag, India news,
October 26, 2017 8:46 pm

GoAir which is shifting its entire operations to terminal T2 from terminal 1 (T1) from October 29, would also provide free inter-terminal transfer facility between the two terminals for three months.

Reliance Communications, RCom, Anil Ambani, Aircel, Reliance Communications Aircel merger, rcom Aircel merger
October 26, 2017 7:02 pm

At NSE, shares of the company went down 3.95 per cent to close at Rs 15.80. In terms of equity volume, 44.55 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.

Goods and Services Tax
October 26, 2017 3:39 pm

As the time to match returns and give tax refunds arrive and the cash crunch bites the industry and some inspectors get ready for a post Deepavali bonanza

aadhaar, aadhaar card, bombay stock exchange, bse, india news, indian express news
October 26, 2017 2:46 pm

BSE has asked its stock brokers to submit a report with details about their preparedness, number of active clients and the number of clients who have complied with submitting Aadhar numbers.

gst on mrp, gst on mrp goods, gst levied on mrp goods, mrp packaged goods, action against gst on mrp goods, indian express news
October 26, 2017 2:21 pm

"Customers should be made aware that GST is included in the MRP and it should not be charged separately. Several complaints have come to light of additional GST being charged over MRP on packaged goods, and some non-taxed goods are also been taxed with GST. It is illegal," Anand said.

l&t, larsen and tourbo, larsen tourbo contruction company, bse filling, indian express
October 26, 2017 1:54 pm

In a filing to BSE, engineering and construction major Larsen & Tourbo said its transportation infrastructure and water effluent treatment segments have jointly bagged orders worth Rs 1,123 crore in the domestic market.

Bitcoins, cryptocurrencies, high profit investments, business news, bitcoin india, virtual currency, indian express
October 26, 2017 12:18 pm

The relentless charge of Bitcoin halted as the price of the cryptocurrency dipped during this week. Meanwhile other cryptocurrencies gained ground.

rupee, dollar, rupee vs dollar, rupee rate, dollar rate, indian rupee rate, sensex, rupee value today, business news, indian express news
October 26, 2017 10:37 am

Forex dealers said that apart from weakness in the dollar against major currencies overseas, robust foreign fund inflows supported the rupee.

Sensex, Nifty, sensex today, nifty today, BSE sensex, NSE nifty, banks, banks sensex, bombay stock exchange, BSE, India market, stock market,
October 26, 2017 10:21 am

The 30-share index opened gap down at 33,025.17 against Wednesday's record close of 33,042.50 and quickly raced to a high of 33,074.91.

uber no-fee card, uber fee digital card, uber card, uber credit card, uber visa card, uber cash back policy, world business news, indian express news
October 26, 2017 9:44 am

The goal, Uber's David Richter said, is to have people applying, getting approved, loading the card and paying for the ride with the card all while the customer is being taken to their destination. Uber's credit card is clearly being marketed as a digital credit card first and a physical card second.

bank recapitalisation, recapitalisation, sensex, economy, india banks, Arun jaitley, economy growth, India economy, Indian banking shares, NSE, GDP, indian express
October 26, 2017 7:13 am

The economy was in repair in 1992-93 after the famous balance of payments crisis in 1991-92 and the government had to unveil reforms in the financial sector especially after the securities scam of 1991-92.

urjit patel, recapitalisation, rbi, rbi recapitalisation, Nifty, Nifty 50, urjit patel recapitalisation, central government, reserve bank of india, narendra modi, Indian economy, arun jaitley, economy growth, india banks, indian banking shares, bank recapitalisation scheme, gdp, narendra modi, bjp, bank recapitalisation, rbi bank recapitalisation, economic recovery
October 26, 2017 7:09 am

Of the total of 22 PSU banks, as many as eight currently have gross non-performing assets (GNPA) above 15 per cent while 14 banks have GNPA of more than 12 per cent.

Delhi private schools, Delhi private schools fees, Delhi private schools fees hike, Delhi government, Delhi government on private schools fees hike, delhi news, indian express news 
October 26, 2017 2:00 am

The selected start-ups work in various fields related to energy such as converting waste plastics to petroleum fuels, solar stove, multipurpose fuel from agricultural waste biomass and leak detectors for liquefied natural gas (LNG) cylinders, among others.

sensex, share market, north korea, mumbai rains, nse nifty, bse, stock exchange down 300 pts, indian express
October 26, 2017 1:59 am

The IPO’s price band has been set at Rs 770 to Rs 800 per equity share of face value of Rs 5 each.

Sebi, Stock market, Stock market fraud, TRAI, RBI
October 26, 2017 1:52 am

The stock got listed at Rs 850, down 6.79% from the issue price on the BSE. During the day, it tumbled 14.44% to Rs 780.25.

Urjit Patel, RBI, RBI governor, RBI governor Urjit patel, All India Bank Employees Association, Urjit patel resignation demand, demonetisation, urjit patel's silence, RBi news,
October 26, 2017 1:49 am

It bodes us well that this step (bank recapitalisation) has been taken in a time of sound macroeconomic conditions for the economy on other fronts, said Urjit Patel.

aadhaar, aadhaar card, bombay stock exchange, bse, india news, indian express news
October 26, 2017 1:45 am

Following an SC order, the DoT had mandated re-verification of all existing subscribers to weed out numbers obtained through fraud.

Arvind Subramanian, Arvind Subramanian Indian economy, indian economy, rupee, RBI, GDP, Indian GDP, indian express
October 26, 2017 5:34 am

He attributed the twin balance sheet problem to the problem of exit and more cases of public sector banks-to-private sector lending, saying that in future, the country should have more private sector-to-private sector lending.

hul, hul news, hul results, hul revenue, hul profit, hul quarter results, business news, biz news, business results, india news, indian express
October 26, 2017 1:39 am

Net sales during the quarter under review stood at Rs 8,199 crore.

Chabahar port, nitin gadkari, Iran port, India Iran, India news, Indian Express
October 26, 2017 1:37 am

Not a single paisa worth of corruption will happen, says road minister Nitin Gadkari,

BSE, BSE index, BSE Sensex, Rupee, Bombay Stock Exchange, india trade deficit, trade deficit, Nifty, Sensex today, india stock exchange market, stock exchange, india market, business news, indian express news
October 26, 2017 1:35 am

The Sensex crossed the 33,000-mark for the first time to scale an all-time high of 33,117.33 in early trade on the back of run-up in PSU banks.

public sector banks, state bank of india, sbi, economic growth, fiscal growth, gdp, india economy, business news, indian express news
October 26, 2017 1:30 am

Rise in debt to GDP ratio, already high against similar BBB-rated countries, a concern, say experts.

RBI, Yes Bank, IDFC bank, RBI fine, RBI NPAs, Yes Bank fine, IDFC bank fine, Yes Bank bad loans, IDFC penalty, Yes bank ATM, Yes bank cyber attack
October 25, 2017 8:07 pm

"Even if fiscal deficit increases by 0.1 per cent or 0.2 per cent, on the larger prospective of economy it does not matter as long fiscal deficit is not on the account of revenue deficit but on the account of capital expenditure," he noted.

ASCI, Dabur, Amazon, Parachute Oil, Faur & Lovely, Advertisement, misleading ads in India, Airtel, Airtel India, Amazon India, Business News, Indian Express
October 25, 2017 7:42 pm

Amazon was also pulled up for its parachute advanced coconut hair oil communication claiming that the MRP of the product is Rs 149 and is offered at a discounted price of Rs 142.

Jet Airways, JET, Naresh Goyal JET Airways, UDAN Scheme, UDAN, Business News, Aviation News, Indian Express, Indian Express News
October 25, 2017 6:40 pm

"As per the agreement, the average hike for a commander stands in the range of Rs 13-14 lakh per annum for the first year (April 2016-March 2017). However, these arrears have not yet been paid," a source said.

HCL, HCL pact, Information Technology, HCL Technologies, indian express news, india news, buisness news
October 25, 2017 6:20 pm

HCL Technologies on Wednesday reported a net profit of Rs 2,188 crore for the quarter ended September 30, up 8.6 per cent over the year-ago period.

GST and tax base expansion, Tax base expansion in India, India and GST news, Chief economic Advisor Arvind Subramanian, GST news, India news, National news, Latest news,
October 25, 2017 5:55 pm

In an ideal banking world of tomorrow, India needs to have both large public sector and private sector banks, competing domestically and being competitive internationally, Arvind Subramanian said in a lecture at SGTB Khalsa College.

General Provident Fund, GPF, Arun Jaitley, Public Provident Fund, PPF rate, GPF rate, central government employees
October 25, 2017 5:41 pm

The rate is in line with that for Public Provident Fund. In July-September quarter too, the government had kept the interest rate at 7.8 per cent

Goldman Sachs, Arun Jaitley, RBI, GDP growth, bank credit, Goldman sachs india GDP, India fiscal deficit, Jaitley recapitalisation, Jaitley indian economy, economy news, RBI news
October 25, 2017 5:20 pm

The report said every incremental Rs 100 billion of bank capital infusion by the government has the potential to increase credit and GDP growth by 1 percentage point and 0.5 percentage point respectively

Arvind Subramanian, Arvind Subramanian Indian economy, indian economy, rupee, RBI, GDP, Indian GDP, indian express
October 25, 2017 4:02 pm

On Tuesday, Finance Minister Arun Jaitley unveiled an unprecedented Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.

Oil, Crude oil prices, Crude oil, OPEC, Commodities, Business news, Indian Express
October 25, 2017 4:00 pm

Data from the American Petroleum Institute on Tuesday showed U.S. crude stocks rose by 519,000 barrels last week, compared with analysts' expectations for a decline of 2.6 million barrels.

October 25, 2017 3:24 pm

Consumer credit in Britain has grown much faster than household income in the last few years, the Bank of England said in June. Dealership car finance has expanded the fastest and accounts for nearly a third of the 198 billion pounds in consumer loans, with Lloyds having the biggest market share.

Reliance Communications, RCom, Anil Ambani, Aircel, Reliance Communications Aircel merger, rcom Aircel merger
October 25, 2017 2:56 pm

The move comes after the company, reeling under debt of around Rs 46,000 crore, failed to close to its wireless business merger deal with Aircel in the beginning of this month.

public sector banks, state bank of india, sbi, economic growth, fiscal growth, gdp, india economy, business news, indian express news
October 25, 2017 2:42 pm

Recapitalisation of PSBs through widely-discussed recapitalisation bonds has precedence not only in India but also in many other countries like Korea and Malaysia.

vikram bakshi mcdonalds, vikram bakshi nclat, mcdonalds CPRL case, vikarm bakshi CPRL case, mcdonald's delhi case, indian express news
October 25, 2017 2:27 pm

Bakshi is at loggerheads with McDonald's since 2013. Later, he had approached the NCLT after McDonald's removed him from the post of MD of CPRL in 2013. In July this year, the tribunal restored him to his position. It was challenged by McDonald's in the National Company Law Appellate Tribunal (NCLAT)