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According to global mobile industry body GSMA, India will add 330 million unique subscribers by 2020 (from 616 million unique users as of June 2016).

Business

CCI okays sale of Reliance Infra tower unit to Brookfield

RCom had said it will utilise the sale proceeds entirely to reduce debt.

23 March 2017 12:58 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Business

Fin Min calls banks to discuss new facility to drain cash

Standing Deposit Facility aims to drain surplus cash at a rate lower than repo rate without need for any collateral.

23 March 2017 12:48 PM IST

Minister of State for Finance Arjun Ram Meghwal.

Business

Govt may table 4 GST bills in Parliament today: Meghwal

Cabinet on Monday cleared the four GST related bills to enable roll out of the Goods and Services Tax from July 1.

23 March 2017 12:36 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Business

Sensex trims early gains, still up by 126 points in late morning

BSE Mid-Cap index was up 0.87 per cent and BSE Small-Cap index was also up 0.97 per cent.

23 March 2017 11:39 AM IST

Globally, gold fell 0.13 per cent to USD 1,235.40 an ounce in New York .

Business

Gold futures down 0.20 pc on global cues

Yellow metal June was trading lower by Rs 51 to Rs 28,960 per ten grams in six lots.

23 March 2017 11:14 AM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Business

Govt tweaks AIF norms to boost startups

Last year, govt approved Fund of Funds for Start-ups with a total corpus of Rs 10,000 crore.

23 March 2017 10:54 AM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

Cabinet greenflags amendments for cess removal

Step also aims to check misuse of export promotion schemes, including Drawback Scheme.

23 March 2017 10:51 AM IST

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

Business

Rupee rebounds 5 paise to 65.39 in early trade

Domestic unit had lost 14 paise to close at 65.44 per dollar on fresh dollar demand from importers.

23 March 2017 10:20 AM IST

The Sensex succumbed to the pressure, ending down 10.11 points, or 0.04 per cent, at 26,633.13.

Business

Sensex recovers 147 points at 29,315.18

Benchmark index had closed at near two-week low of 29,167.68 yesterday after falling 318 points.

23 March 2017 10:12 AM IST

Business

Centre says no to Apple's sops demand

Apple also wanted relaxation in the mandated 30 per cent local sourcing of components and reduction in customs duties.

23 March 2017 3:19 AM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

Business

ONGC for new gas price formula, base cap of $4.2

The natural gas prices have halved to $2.5 per mmBtu since the formula was implemented.

23 March 2017 3:11 AM IST

Lyu Xiwen, former deputy chief of the Communist Party in Beijing was sentenced to 13 years in prison by the court for taking advantage of various official posts from 2001 to 2015. (Representational Image)

Business

Telecom tribunal will hear airport, cyber case

Centre ends 8 Tribunals; experts criticise.

23 March 2017 2:57 AM IST