Home » Business

Business - Page 1184

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

India will on Monday import its first ever cargo of LNG from Russia under a long-term deal as the worlds fourth-largest buyer of liquefied natural gas (LNG) diversifies its import basket to meet its vast energy needs.

India to import first ever LNG cargo from Russia tomorrow

GAIL India Ltd will bring the shipload of LNG from Gazprom at Petronet LNG Ltd's import terminal.

3 Jun 2018 2:13 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

India's finished steel export slumps over 25 per cent in April

The country had exported 0.746 MT finished steel during the same month a year ago.

3 Jun 2018 2:03 PM IST

Kalanagar junction sees bumper-to-bumper traffic. (Photo: Mrugesh Bandiwadekar)

India to be shared mobility leader by 2030, says report

Young people are usually quicker to adopt new trends and are less likely to own a car.

3 Jun 2018 1:56 PM IST

Bullion traders said at overseas market gold rallied to highest level this year. (Photo: Representational/AFP)

South Korea seeks relaxation from India on gold, silver import norms

India is the world's second biggest gold consumer after China.

3 Jun 2018 12:32 PM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

ONGC logs Rs 4,000 cr loss on gas production due to cap on prices

Natural gas constitutes around 45 per cent of ONCG's total crude oil and natural gas production volume.

3 Jun 2018 12:14 PM IST