Business, Economy, 2nd Apr 2018, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 08:20 PM IST

Business Economy 02 Apr 2018

Business, Economy, 02 Apr 2018

E-way bill rollout successful; no glitch so far: Govt

The re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

02 Apr 2018 6:42 PM

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

02 Apr 2018 6:13 PM

India has imposed a 10 percent tax on imports of key smartphone components.

Govt imposes 10 per cent tax on key smartphone components

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

02 Apr 2018 6:00 PM

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

02 Apr 2018 5:49 PM

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Default rates at Indian companies likely to rise further: ICRA

The default rate for Indian companies rose to 3.4 percent in the fiscal year ended March from 2.6 percent in the previous year.

02 Apr 2018 3:26 PM

Latest quarter witnessed only nine PE investments worth USD 100 million or more compared to 13 such transactions in the same period last year.

PE investments fall 49 pc to USD 3.7 billion in Jan-Mar: report

The investment amount was also 29 per cent lower than the December 2017 quarter.

02 Apr 2018 1:35 PM

India’s widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Rupee may hit 67 against dollar in FY2019

Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.

02 Apr 2018 12:30 PM

A 1 per cent rise in cap would increase limit by Rs 80, 000 crore in absolute terms.

RBI may agree on raising FPI limit on G-Secs to 6-7 per cent

RBI and the ministry are in the final stages of discussions for increasing the FPI limits from April 1, 2018.

02 Apr 2018 12:13 PM

Diesel prices hit all-time high, petrol prices hit 4-year peak

Petrol in the national capital now costs Rs 73.73 a litre, the highest since September 14, 2014, when rates had hit Rs 76.06.

02 Apr 2018 5:38 AM

India faces inflation risks due to higher MSP, says Assocham

Lower inflation in fuel and food helped ease India’s wholesale inflation in February to a seven month low of 2.48 per cent.

02 Apr 2018 12:16 AM

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)

Private equity investment in Indian firms dips

According to him, 2017 was exceptionally a good year for fund raising from both public as well as private investors.

02 Apr 2018 12:16 AM

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Sunil Gatade