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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

AirAsia India, however, said in a statement that the passenger verbally abused a senior cabin crew after she was asked to switch off her mobile phone. (Photo: PTI/Representational)Business
AirAsia case not to have impact on Air India's disinvestment: Choubey

The deadline for submitting Expression of Interest (EoI) for 76 per cent stake in the debt-laden Air India is ending...

31 May 2018 1:59 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.Business
Amid soaring petrol and diesel rates, IOC becomes most profitable PSU

Reliance Industries retained the crown of being India's most profitable company for the third year in a row.

31 May 2018 1:49 PM IST

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTIBusiness
RCom shares in demand after NCLAT stays bankruptcy proceedings

The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.

31 May 2018 1:33 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.Business
ONGC shares gain nearly 4 per cent after Q4 results

The board of directors of ONGC recommended a final dividend of Rs 1.35 per share (27 per cent).

31 May 2018 1:14 PM IST

Most foreign investors have priced in a second term for the Narendra Modi government in the 2019 general elections, says a multi-country survey of investors done by global research firm UBS.Business
Check out mygov.in for Modi govt's achievements in 4 years

By making available its achievements online and over mobile phones, it certainly now brings government and citizens...

31 May 2018 12:55 PM IST

The possible coming together of online retailers Flipkart-Amazon combine may face close scrutiny for competition issues as the combined entity will be a dominant player in the fast growing Indian e-commerce market, according to experts.Business
Amazon blocks Australia from global sites over new tax laws

Amazon only launched a local Australian site last December, shipping from a warehouse in Melbourne with another planned...

31 May 2018 12:45 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI seen turning hawkish in June, raising rates in August

RBI may announce a change in policy stance during the June meeting and follow that up with a hike in August.

31 May 2018 12:40 PM IST

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