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Mahindra MSTC Recycling Pvt Ltd, has a paid up capital of Rs 20 lakh and MIL has an initial subscription of Rs 10 lakh.Business
Mahindra to invest Rs 500 cr in Chakan plant to expand EV portfolio

M&M will deploy 25 e2oPlus vehicles ported on the Zoomcar platform in Mumbai.

31 May 2018 4:35 PM IST

Ram Vilas Paswan (Photo: Biplab Banerjee)Business
Govt considering setting up 3 million tonne sugar buffer stock, says...

Besides setting up of buffer stock, the food ministry in the draft cabinet note has proposed fixing minimum ex-mill sale...

31 May 2018 4:26 PM IST

The countrys vast coastline provides huge potential for the domestic industry in terms of exploiting marine products and promoting exports, Commerce and Industry Minister Suresh Prabhu said on Tuesday.Business
Suresh Prabhu to meet Airbus officials in Paris

The minister is in Paris for the meeting of the Organisation for Economic Cooperation and Development.

31 May 2018 4:17 PM IST

Bombay Stock ExchangeBusiness
Sensex soars 416 points on F&O expiry; GDP data eyed

NSE Nifty ended at 10,736.15, up 121.80 points, or 1.15 per cent, after shuttling between 10,763.80 and 10,620.40.

31 May 2018 4:08 PM IST

Tata MotorsBusiness
Tata Motors inks MoU to deploy 1,000 EVs in Maharashtra

Tata Motors along with Tata Power will also facilitate setting up of EV charging stations in the Maharashtra.

31 May 2018 3:56 PM IST

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.Business
Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:51 PM IST

In the beta form, users can generate their Virtual ID and use it to update address in Aadhaar online for the time being, according to UIDAI which announced the Virtual ID concept earlier this year to address privacy concerns.Business
UIDAI extends deadline to deploy Virtual ID system to July 1

The Virtual ID (VID) feature is aimed at giving users the option of not sharing their Aadhaar number.

31 May 2018 2:58 PM IST

Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.Business
Copper plant closure won't affect Vedanta's cash flow much, says S&P

Vedanta will likely need to reconfigure such financing, including fresh local borrowings.

31 May 2018 2:55 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.Business
Finance ministry ensures ease of doing business for MSMEs

The exporters have committed mistakes while filing GSTR-1 and GSTR-3B.

31 May 2018 2:45 PM IST

Representational image of gold bars.Business
Gold weakens on muted demand; silver recovers

Gold is trading at Rs 32,000 per 10 grams at bullion market owing to weak demand from jewellers.

31 May 2018 2:29 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
AITAF questions scrutiny notices sent to assessees by GST authorities

Sending of scrutiny notices for mismatch in GST returns will cause unwaranted and avoidable harassment to taxpayers.

31 May 2018 2:21 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)Business
RBI sets rupee reference rate at 67.4526 against dollar

The exchange rates for the pound and the yen against the rupee were 89.7929 and 62.04 per 100 yens, respectively.

31 May 2018 2:05 PM IST

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