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Cement offtake has continued to remain weak in H1 FY2018 because of factors such as weak real estate activity.

Cement firms put up good show in Q4, beat estimates

Top 10 cement companies reported sales growth of 26.3 per cent against expectations of 14.9 per cent.

4 Jun 2018 9:27 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

FinMin rejects PNB's Rs 7,000 cr extra capital infusion demand

PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.

4 Jun 2018 9:18 AM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Petrol can be cheaper by Rs 20 per litre under GST

Centre's share of taxes could, however, fall by over Rs 1 lakh crore a year.

4 Jun 2018 9:07 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Arab oil ministers stress need for continued OPEC, non-OPEC...

Russia and several other producers agreed to cut output by about 1.8 million barrels per day.

4 Jun 2018 8:59 AM IST

According to HSBC, the public spending component of GVA and the government consumption component of GDP grew at a rapid pace, accounting for roughly one-fifth of overall growth.

'Hand of government' helps Q4 growth: HSBC

Exports, private consumption numbers disappoint.

4 Jun 2018 12:53 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Foreign investors pull out Rs 29,776 crore from market

However he noted that the prices of oil has corrected significantly after hitting a high of $80 per barrel, which is...

4 Jun 2018 12:44 AM IST

Total funds kept by all foreign clients in the Swiss banking system, as per an analysis of the latest figures compiled by the Swiss National Bank as on 2016-end.

Switzerland set to amend anti-money laundering law

Late last year, India and Switzerland inked a pact for automatic exchange of tax-related information.

3 Jun 2018 6:19 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI to modify rules for startup investments

At present, the entire bank runs from its global technology centre at Belapur in Navi Mumbai.

3 Jun 2018 6:08 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Financial Literacy Week to begin tomorrow

Besides, banks have been asked to also create awareness about Banking Ombudsman scheme of the RBI.

3 Jun 2018 3:15 PM IST

International passengers buying goods at airport duty-free shops will not be subject to GST and the revenue department will soon clarify on this exemption, an official said.

International passengers need not pay GST at duty-free shops

The revenue department had received a number of representations seeking clarification on the issue.

3 Jun 2018 2:41 PM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Tax dept will act once Walmart gets regulatory nod in Flipkart deal

The department is currently studying the details received from the company.

3 Jun 2018 2:31 PM IST

After delaying the launch of its electric scooter for a year, Ather Energy is finally gearing up to launch the S340 in India with bookings scheduled to begin in June 2018.

Ather Energy to invest Rs 130 cr for EV charging infrastructure

The company's own electric scooter - S340 - is expected to be launched soon.

3 Jun 2018 2:22 PM IST