Home » Business

Business - Page 1897

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Loan defaulters: IDBI starts insolvency proceedings against Lanco...

Lanco Infratech is among the 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore.

19 Jun 2017 10:39 AM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Sensex in line with Asia, gains 146 pts; Nifty tops 9,600

Risk-on improved after GST Council yesterday relaxed return filing rules for businesses for first two months.

19 Jun 2017 10:33 AM IST

Coal strike over merger of CMPF and EPF put on hold for 3 months

The unions have been opposed to the merger of the Coal Mines Provident Fund (CMPF) with the Employees Provident Fund...

19 Jun 2017 10:03 AM IST

FIIs head home whenever the Fed raises interest rates and this affects the rupee.

Rupee gains 11 paise vs dollar, stocks play anchor

On Friday, rupee had closed higher by 10 paise at 64.43 against US dollar.

19 Jun 2017 9:55 AM IST

Bandhan Bank CEO and MD Chandra Shekhar Ghosh.

Bandhan Bank to come up with 160 branches more to reach its 1000 mark

Bandhan Bank currently has 840 branches spread across different states in the country and aims to open 160 branches...

19 Jun 2017 9:40 AM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley and Revenue Secretary Hasmukh Adhia during the16th GST Council Meeting at Vigyan Bhawan in New Delhi. (Photo: PTI)

GST Council sets tax rates for lotteries, hotels

GST on restaurants in regular hotels will be at par with other air-conditioned restaurants.

19 Jun 2017 9:04 AM IST

Committing itself to the global framework for automatic exchange of tax information, Switzerland last week ratified the decision to implement this regime with India and 40 other jurisdictions.

India has few deposits in Swiss banks: Bankers

When asked about trends in terms of deposits from Indian residents, Langlo said it has not noticed any particular trend.

19 Jun 2017 4:54 AM IST

Union finance minister Arun Jaitley with MoS Santosh Gangwar and CEA Arvind Subramanian at the GST Council meeting in New Delhi on Sunday. (Photo: PTI)

GST causing discomfort, say durables companies

The manufacturers expect normalisation of operations to take at least 2-3 months after the GST implementation.

19 Jun 2017 4:45 AM IST

SBI has said it may look at taking the general insurance business public next fiscal, ruling out any such move in 2017-18.

Recovery hopes play role in FPI investment

Note-ban-induced slowdown fails to curb enthusiasm.

19 Jun 2017 4:28 AM IST

Real Estate bill seeks to protect the interests of the large number of aspiring house buyers while at the same time enhancing the credibility of construction industry by promoting transparency, accountability and efficiency in execution of projects.

Jaitley urges HUPA to engage realtors to pass GST benefit to buyers

Construction of flats, complex, buildings will attract a 12 per cent goods and services tax (GST) compared to about 11...

18 Jun 2017 7:24 PM IST

Representational Image.

GST Council gives 2 months relaxation for return filing

The Council's decision came in the wake of the industry's push for deferment of the tax implementation.

18 Jun 2017 7:15 PM IST

The profitability of the airlines has been further impacted by the increasing cost of fuel prices and this has been reflected in the decline in profitability of the listed airlines in Q3 FY17.

No-fly list for unruly passengers likely to start in July first week:...

The civil aviation ministry has come out with draft rules for a 'national no-fly list' of unruly passengers for all...

18 Jun 2017 7:02 PM IST