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The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.

Cigarette set to be dearer after GST Council review

The cess varied from Rs 2,126 to Rs 4,170 for cigarettes of different lengths. But this rate was lower than the pre-GST...

18 July 2017 1:45 AM IST

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

New call drop norms in a week, spectrum sale paper in Aug: Trai

Govt managed to sell only 964.80 MHz of spectrum in various bands as against 2,354.55 MHz of radiowaves.

17 July 2017 8:01 PM IST

Nirmala Sitharaman

India has taken up visa issue with US: Nirmala Sitharaman

US has not made any comprehensive changes to the work visa programmes including H-1B visas so far.

17 July 2017 7:39 PM IST

Sensex climbed 122 points to finish the day on high

Nifty ends above 9,900 for 1st time in NSE's history

Barring Nifty FMCG index, which lost 1.70 per cent, all indices ended in green.

17 July 2017 6:30 PM IST

Commerce and Industry Minister Nirmala Sitharaman

New industrial policy on anvil, says Sitharaman

Commerce and Industry Minister says consultations are on with industry bodies, academia, think-tanks.

17 July 2017 6:12 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI refrains from releasing asset liability figures

This is probably the first time, RBI has not come out with the figures for week ended June 30.

17 July 2017 6:06 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI pushes 'Make in India' for currency security features

RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes.

17 July 2017 5:55 PM IST

Reliance Industries Limited

RIL, 2nd firm after TCS to touch Rs 5 lakh crore m-cap mark

The company's market valuation advanced by Rs 6,672.09 crore to Rs 5,04,458.09 crore.

17 July 2017 5:42 PM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Gujarat HC junks Essar Steel plea against RBI's order

Essar Steel was among 12 accounts that were identified for insolvency proceedings.

17 July 2017 5:35 PM IST

SBIs announcement to offload up to 5 per cent stake in SBI Life to a non-promoter group might be construed as a test to see the market response.

SBI Life files for $1-bn IPO; selling 8 per cent stake

SBI Life is 70 per cent owned by SBI and 26 per cent by BNP Paribas Cardif.

17 July 2017 5:30 PM IST

Chitra Ramkrishna, the previous chief of NSE, had drawn about Rs 23 crore in 2016-17.

Former NSE boss Chitra Ramakrishna earned Rs 23 crore in FY'17

Ramkrishna, who was with NSE since its inception in 1992, had quit as Managing Director and CEO December 2, 2016.

17 July 2017 5:00 PM IST

Sensex climbed 122 points to finish the day on high

Sensex, Nifty set new highs on earnings optimism

Sensex jumped further to set a life-time high of 32,131.92, before ending up 54.03 points.

17 July 2017 5:00 PM IST