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Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Business

Sebi to consider penal action against PNB, Gitanjali Gems

Sebi last week issued a warning letter to PNB for delaying disclosures to stock exchanges about the fraudulent...

20 May 2018 12:24 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

Revenue dept to make businesses file GST returns within deadline

The due date for filing GST summary returns for a month is 20th day of the subsequent month.

20 May 2018 12:16 PM IST

The Cabinet on Wednesday relaxed rules for state-owned Coal India Ltd for extraction of natural gas.

Business

Coal imports by power plants fall 22 per cent in April

The data shows that the coal imports came down by imported coal based power plants in April this year.

20 May 2018 12:04 PM IST

File image of a man counting cash at a petrol pump.

Business

Petrol, diesel touch all time highs as oil companies hike rates

In India, petrol is the costliest in Mumbai where high local taxes has led a price of Rs 84.07 per litre.

20 May 2018 11:57 AM IST

UM Motorcycles, the joint venture between US-based UM International and Lohia Auto, plans to launch new models, including electric bikes.

Business

UM Lohia plans to drive in new bikes and expand sales network

The new plant, with an installed capacity of 50,000 units per annum, would be operational by February next year.

20 May 2018 11:20 AM IST

Business

India's bond borrowing plan to stay on course: Garg

Government will continue its bond market borrowing plan during April-September without any interruption.

19 May 2018 5:06 PM IST

Business

Prices of gold, silver dwindled during the week at bullion market

Gold fell by Rs 520 per 10 grams to close the week at 30,945 during the week.

19 May 2018 3:02 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Business

Market tumble 687 points for the week, Nifty below 10,600

Total turnover during the week on BSE rose to Rs 18,060.88 crs as against last weekend's level of Rs 17,376.17 crores.

19 May 2018 2:30 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Business

India drags US to WTO over steel, aluminium duties

India's exports of steel and aluminium products to America stood at about USD 1.5 billion every year.

19 May 2018 2:16 PM IST

Targeting NTPC for supplying Bangladesh electricity generated using cheap domestic coal, the Association of Power Producers has written to the government.

Business

NTPC puts off solar projects auction amid developers concerns on...

The sources said that the NTPC's 2,000 MW solar bid submissions scheduled on May 21.

19 May 2018 11:20 AM IST

$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

Vedanta says Indian copper smelter shutdown causing deficit, price...

Copper prices hit more than six-year lows in 2016 but have gained more than 50 per cent from those levels.

19 May 2018 11:14 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Business

Goyal urges railways, power ministries to ensure 24X7 power supply

Goyal stressed on the necessity to increase PLF of various power plants of the country.

19 May 2018 11:07 AM IST