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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

CAIT demands extension of deadline for GST return

CAIT has demanded Finance Minister to extend date of filing of returns to at least January 30.

10 Jan 2018 10:31 AM IST

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

Cabinet may review FDI policy in certain sectors tomorrow

FDI during April-September this fiscal grew by 17 per cent to USD 25.35 billion.

10 Jan 2018 10:24 AM IST

The Sensex resumed higher at 26,756.66 and firmed up to 26,769.32 on initial buying.

Sensex, Nifty hit new record high in opening trade

The 30-share index rose by 122.44 points, or 0.35 per cent, to hit a new peak of 34,565.63.

10 Jan 2018 9:57 AM IST

According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.

Rupee up 5 paise against US dollar in early trade

Currency traders said weakness in dollar against major global currencies overseas supported rupee.

10 Jan 2018 9:51 AM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI to raise Rs 5,000 crore via bonds for affordable housing

Last month, bank's board had approved raising Rs 8,000 crore through various sources.

10 Jan 2018 9:45 AM IST

One of the best money decisions you can take is to start an equity mutual fund SIP. The minimum contribution you need to make is Rs 500 a month.

Invest and insure with Rs 12 and Rs 500

Many people consider financial planning to be the preserve of the rich or upper middle class. here we explore options...

10 Jan 2018 6:30 AM IST

The development comes barely few months after Union Minister Nitin Gadkari told that the government will soon launch the Bharatmala project to build over 20,000 km of highways in the first phase. (Photo: PTI/Representational)

NHAI eyes only big bidders, say experts

According to Mr Ambani, only few standalone engineering procurement construction players may bid considering the size of...

10 Jan 2018 2:46 AM IST

Studies have reported that an average consumer spends around three hours per day on an average on mobile devices in India.

Telecom panel clears easing spectrum limit

The telecom department had sought Trai's views on whether the current norms should continue or need review.

10 Jan 2018 2:43 AM IST

IMG was set up to give recommendation to help telecom companies come out of the financial difficulties.

New tariff war to delay recovery, says Ind-Ra

Jio announced Rs 50 cut in its existing plans and/ or 50 per cent more data per day on plans ranging from Rs 199-498.

10 Jan 2018 2:40 AM IST

Essar in talks with Brookfield to sell office buldings in Mumbai

Once Equinox deal is completed, total debt reduction will amount to Rs 77,500 crore in current fiscal.

9 Jan 2018 5:23 PM IST

Reliance Infrastructure a subsidiary of Anil Ambanis Reliance Group. (Photo: File/PTI)

RInfra moves MERC for sale approval of Mumbai power business to ATL

RInfra currently caters to nearly 30 lakh residential, industrial and commercial consumers in the city's suburbs.

9 Jan 2018 5:21 PM IST

Mutual funds to soon trade in commodity derivatives, says Amfi

Currently, there are 42 mutual fund players with assets under management of over Rs 22 lakh crore.

9 Jan 2018 4:59 PM IST