Tuesday, Jul 25, 2017 | Last Update : 06:11 PM IST

Economy

 Road Transport and Highway Minister Nitin Gadkari.

Driverless cars won't be allowed in India: Gadkari

Govt will focus on training drivers as adequate driving skills can provide employment to about 50 lakh people.

Generating invoices for dealings above Rs 200 and keeping invoice records in serial number even if maintained manually.

GSTN portal begins invoice uploading for businesses

Taxpayer has limited number of invoices, he can directly enter the details at the GST portal.

RBI will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.

RBI to hire 12 currency verification systems to pick out fake notes

Previously, RBI governor Urjit Patel did not provide any 'specific number' on amount of money received post-demonetisation.

Members of the Monetary Policy Committee will be paid Rs 1.5 lakh per meeting along with air travel and other reimbursements.

RBI rules: MPC members' salary to be Rs 1.5 lakh per meet

MPC members should also take adequate precaution to ensure utmost confidentiality of its policy decision before it is made public.

The Reserve Bank of India skipped releasing the balance sheet for the week ended June 30.

RBI skips disclosing balance sheet for first time

This figure is significant as it would help in estimating real impact of demonetisation on RBI's balance sheet.

Market

BSE has seen strong trading sessions over past few days.

Sensex, Nifty at record high on better financial results

The 30-share BSE barometer rose to all time intra-day high of 32,320.86 points.

 Globally, gold edged higher by 0.13 per cent to USD 1,255.70 an ounce in Singapore.  (Representational Image)

Gold futures up Rs 37 on firm global cues

Gold is trading at Rs 28,553 per 10 grams in futures trade on July 25.

Shares of Idea Cellular jumped 7 per cent on Tuesday after the Competition Commission approved merger of Vodafone India and Idea Cellular.

Idea shares jump 7 per cent on CCI nod to Vodafone-Idea merger

Idea Cellular said transaction is expected to close in 2018 subject to customary approvals.

Globally, gold ended week higher at $1,254.50 an ounce.

Gold maintained an upward trend for second week

Silver regained Rs 39,000-mark on increased offtake by industrial units and coin makers.

Companies

Reliance sees the new handset, named JioPhone, allowing it to target India’s entire telecom user base.

JioPhone may reverse industry's revenue decline trend

It will also increase Jio's market share to 10 per cent by 2018 and help reverse falling industry revenue trend.

 Oil Minister Dharmendra Pradhan.

CCEA approves govt stake sale of HPCL to ONGC: Pradhan

This will give ONGC an enhanced capacity to bear higher risks, take higher investment.

Subrata Roy met Irdai chairman to seek more time to resolve the crisis at his life insurance arm.

Subrata Roy meets Irdai chief on Sahara Life

ICICI Prudential Life submitted a valuation report on the assets and liabilities of Sahara Life to Irdai.

Global rating agency Moody's on Monday affirmed ratings of nine banks.

Moody's rates 9 banks; downgrades IOB, CBI

Moody's also downgraded IOB's Hong Kong branch's senior unsecured debt rating to Ba3 from Ba1.

 Grab said it amounts to the largest single financing in Southeast Asia.

Uber rival Grab to raise USD 2.5 billion in new financing

Grab offers private car, taxi, motorbike and carpooling services in 7 countries and 65 cities across Southeast Asia.

Autos

Company would work with some of the oil and gas companies to source BSVI grade fuel.

Mercedes-Benz can drive in BS VI models to India by 2018

Government has decided to implement stricter emission norms of BS VI from April 1, 2020.

 Volvo’s first estate to be sold in India and is imported to the country as a CBU.

Volvo V90 Cross country launched in India at Rs 60 lakh

A unique car in its segment, the all-terrain station wagon has been launched at a very attractive price.

The petrol engine makes a peak torque of 170Nm between 2000rpm and 4000rpm.

Tata Motors rolls out first Nexon off the factory

Nexon will mark the homegrown carmaker's debut in the fiercely fought compact SUV segment.

Jeeto Minivan will be available in diesel, petrol and CNG engine options.

Mahindra launches Jeeto Minivan at Rs 3.45 lakh

Jeeto Minivan is powered by a BS IV emission compliant engine with a power of 16 HP.

In Other News

Haryana chief minister Manohar Lal Khattar with  Mayar Group of Companies chairman Ajit Kumar Sud (left) during the inauguration ceremony of Keystone Knowledge Park in Sohna, Haryana. (Photo: Biplab Banerjee)

Haryana gets knowledge park

The Knowledge Park the flagship and ambitious project of renowned Mayar Group.

The submission by the Centre was made before a five-judge bench headed by Justice Dipak Misra which was examining the contentious issue of 2016 privacy policy of WhatsApp.

TRAI to seek opinion on apps wanting user data

Apps must ask for data relevant to its services: TRAI.

The study said that India topped the list because its spam calls issue majorly lies with operators and financial services, who seek to provide free data, or unlimited calls. (Photo: AFP)

Indians got most spam calls in 2017

The US and Brazil share the second position.

According to officials e-way bill, would be implemented after infrastructure for smooth generation of registration and its verification through hand-held devices with tax officials is ready.

E-way bill software to be out in October

E-way bill require that any good more than Rs 50,000 in value has to  be pre-registered on-line before it can be moved.

It said that the services by an employee to the employer in the course of or in relation to his employment is outside the scope of the new indirect tax regime.

Gifts till Rs 50,000 from firms won’t attract GST: Centre

The ministry said that the question arises as to what constitutes a gift.