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The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

IRCTC IPO subscribed 81 per cent on opening day of bidding

IRCTC's public offer to raise about Rs 645 crore received bids for 1.63 crore shares as against the total issue size of...

30 Sept 2019 7:17 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Expect better sales going ahead due to improved buying sentiment:...

Maruti is counting on festive season, S-Presso launch and revival of demand in rural segment to ease some pressure on...

30 Sept 2019 6:48 PM IST

$Rather than waiting to respond to a famine after many have already died, the tech firms, including Amazon, \will use the predictive power of data to trigger funding\ to take action before it becomes a crisis, the World Bank and UN announced. (Representational image/ Photo: AFP)$ Business

Amazon, Flipkart make record first-day festive sales in India

Amazon reported record sales of about 7.5 billion rupees (USD 7.07 million) in 36 hours in the premium smartphone brands...

30 Sept 2019 3:34 PM IST

Thomas Cook India Group. (Photo: Twitter)

Thomas Cook customers may face two-month delay for refunds: report

A total of 100,000 bookings made by direct debit would be refunded within the next 14 days.

30 Sept 2019 2:35 PM IST

C1 Indias project with CCL was awarded the e-India Award for excellence in e-Procurement in 2013.

C1 India in e-procurement solutions for businesses and govt portals

C1 India empowers clients across industries to automate the manual procurement process through technological expertise.

30 Sept 2019 1:31 PM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Lakshmi Vilas Bank drops 5 pc to hit lower circuit

The bank's scrip declined 4.92 per cent to trade at Rs 34.75 apiece in afternoon deals on the BSE.

30 Sept 2019 12:46 PM IST

The company remains confident to be able to monetise some of these assets over the next two quarters and bring down the debt significantly, Reliance Capital said in a filing to stock exchanges. (Photo: Twitter)

Shares of Reliance Capital dip 4.4 pc after stake sale in RNAM

The entire RNAM stake monetisation proceeds will be utilised to reduce Reliance Capital's outstanding debt.

30 Sept 2019 11:22 AM IST

DHFL stock plunged more than 3.5 per cent on Tuesday on reports that the MHA had issued a lookout notice against the promoters of the company over non-existent shell companies.

DHFL lenders led by SBI expected to complete debt resolution plan...

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore.

29 Sept 2019 6:14 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD...

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

29 Sept 2019 6:02 PM IST

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline.

Govt plan to privatise BPCL needs Parliament nod

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

29 Sept 2019 12:32 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Telcos war: COAI hopes industry's IUC discussion will be reasonable,...

Typically, a telecom operator pays for connecting calls of its subscribers to the company on whose network a call...

29 Sept 2019 11:50 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI initiates prompt corrective action against Lakshmi Vilas Bank

PCA is aimed at improving the performance of the bank and will not have any adverse impact on the day-to-day operations

28 Sept 2019 3:40 PM IST