Business, Companies, 11th Jun 2019, News & Stories from India

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Business Companies 11 Jun 2019

Business, Companies, 11 Jun 2019

The RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court.

New RBI norms to give more lenders headroom to resolve large NPAs: Report

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 7:10 PM

To push investment, CII President Vikram Kirloskar said the government should address issues concerning land reforms and labour laws.

Bring down corporate tax to 18 per cent sans exemptions: CII

Government has already reduced corporate tax to 25 per cent for companies having turnover of less than Rs 250 crore.

11 Jun 2019 6:47 PM

The industry body's comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025. (Representational Image)

Auto component industry seeks stable road map for EV transition

Govt should adopt a pragmatic approach to create a stable and long-term road map for a transition to EVs, said industry body.

11 Jun 2019 6:37 PM

"We prohibited the merger to avoid serious harm to European industrial customers and consumers," EU competition commissioner Margrethe Vestager said in a statement.

EU blocks Thyssenkrupp-Tata steel merger plan

The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal.

11 Jun 2019 5:25 PM

Huawei is widely integrated into Britain's existing 4G network and has been cooperating with the UK government since 2010 on cybersecurity threats. (Photo: AP | File)

Huawei denies being bound by Chinese spy laws

Huawei currently provides the most advanced -- and least expensive -- 5G technology in the world.

11 Jun 2019 5:17 PM

"Between July to September 2019 (for three months), the new return system (ANX-1 & ANX-2 only) would be available for trial for taxpayers to make themselves familiar," added the release. (Photo: Representational/PTI)

GST council to introduce new GST return system

A transition plan has been worked out, said an official release on 31st meeting of GST Council, said an official release.

11 Jun 2019 3:38 PM

IndiGo has around 50 per cent share of the domestic passenger market, according to data of Indian aviation regulator DGCA.

IndiGo announces special summer sale, fares start as low as Rs 999

IndiGo is offering customers all-inclusive fare starting at Rs 999 across domestic and Rs 3,499 across international sectors.

11 Jun 2019 3:18 PM

According to a media report, Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways. (Photo: AFP/File)

Jet Airways shares plunge nearly 15 per cent

The scrip tumbled 14.41 per cent to Rs 107.15 -- its 52- week low -- on the BSE Sensex.

11 Jun 2019 2:30 PM

Blaming regulatory institutions and courts for some of the group problems, Anil Ambani said the delay in passing verdicts has kept the group from receiving dues of over Rs 30,000 crore. (Photo: File)

Anil Ambani says committed to meet debt obligations

Reliance group has made debt payments of over Rs 35,000 crore in 14 months from April 2018 till May 2019, said Ambani.

11 Jun 2019 1:35 PM

Amazon jumped from third to first place to eclipse Google -- which slid from first to third place with Apple holding on to the second spot. (AFP Photo/ File)

Amazon dethrones Google as top global brand: Survey

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said.

11 Jun 2019 11:48 AM

Domestic car sales were down 26.03 per cent to 1,47,546 units as against 1,99,479 units in May 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.

Passenger vehicle sales drop 20 pc in May; car sales down 26 pc

Motorcycle sales last month declined 4.89 per cent to 11,62,373 units as against 12,22,164 units a year earlier.

11 Jun 2019 11:33 AM

Trump was referring to the import tariff on the Harley Davidson motorcycles, an issue that has been close to his heart and wants India to reduce it to zero.

50 per cent tariff on US motorcycles by India unacceptable, says Trump

President Donald Trump said the United States, under his leadership, is a country that can no longer be fooled.

11 Jun 2019 11:23 AM

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Shobhaa De