Business, Economy, 2nd Nov 2017, News & Stories from India

Friday, May 03, 2024 | Last Update : 04:13 PM IST

Business Economy 02 Nov 2017

Business, Economy, 02 Nov 2017

The RBI on Thursday said corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from banks. (File Photo)

RBI mandates obtaining unique code for large corporate borrowers

Those having exposure between Rs 500 crore and Rs 1,000 crore have to obtain the LEI code by June 30.

02 Nov 2017 8:43 PM

An association of traders has blamed Infosys for the glitches in the GST Network and demanded a CBI probe into its alleged negligences. (File Photo)

Traders' association demands CBI inquiry against Infosys for GSTN glitches

Infosys in 2015 won a Rs 1,380-crore deal for developing and running Goods and Services Tax's (GST) backend, called GST-Network or GSTN.

02 Nov 2017 8:29 PM

India has scored a 'perfect 10' in terms of protecting shareholders' on World Bank's 'ease of doing business' report. (Representational Image)

India bags 'perfect 10' score in protecting shareholders' rights

India has scored 8 each on corporate transparency, disclosure and ownership and control parameters.

02 Nov 2017 7:47 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Jaitley asks global entities, banks to join hands with ISA

Jaitley said ISA needs to firm-up such financial partnership deals with more multilateral and bilateral donor agencies.

02 Nov 2017 5:51 PM

The Department of Telecom and telecom operators are working on a process of SMS/IVRS and app-based verification. (Photo: PTI)

Govt working on app to link Aadhaar with SIM

Service providers will facilitate an OTP-based verification process through SMS or voiced-based IVRS call or via a mobile app.

02 Nov 2017 4:11 PM

Indian IT industry could see upturn next year: Chandrashekhar

The industry is on track to posting 7-8 per cent growth in exports in the current fiscal.

02 Nov 2017 3:43 PM

In 2017-18, a total of 32 APAs (2 bilateral and 30 unilateral) have been signed till date.

CBDT signs 7 more unilateral APAs with taxpayers

CBDT has entered into seven more Advance Pricing Agreements (APAs) during October 2017.

02 Nov 2017 3:17 PM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley-led panel may direct banks to examine merger proposal

Alternative Mechanism would devise its own procedure for appraisal of amalgamation proposals by banks.

02 Nov 2017 9:00 AM

Total assets/liabilities of domestic banks' branches operating abroad stood at USD 224.4 billion against USD 231 billion. (Photo: PTI)

Domestic banks' overseas presence up marginally in FY17: RBI

Domestic banks' branches operating abroad saw rise in fee income to Rs 9,400 cr in 2016-17 from Rs 8,680 cr.

02 Nov 2017 8:35 AM

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in October, from 51.2 in September, indicating a “broad stagnation” in the manufacturing sector.

India’s Factory output stagnates in October

Subdued demand caused by GST is blamed for output stagnation.

02 Nov 2017 5:06 AM

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Sanjeev Ahluwalia