Business News

NEW DELHI, 29 Oct 2017/--/Quarterly earnings, macroeconomic data points and recapitalisation play are going to be the crucial metrics to track for the stock market this week, say experts. "In the near term, stock-specific actions will be witnessed due to ongoing Q2 results. Going ahead, market...

NEW DELHI, 29 Oct 2017/--/Foreign investors have pumped in close to USD 3 billion in the Indian capital markets so far this month due to "high nominal and real yields" and stable macroeconomic conditions. Interestingly, most of the funds have been infused in the debt markets. According to the...

NEW DELHI, 29 Oct 2017/--/Businesses which opted for composition scheme in the July-September quarter will get to file their maiden GST returns soon. Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy, till...

NEW DELHI, 26 Oct 2017/--/Niti Aayog CEO Amitabh Kant has pitched for channelling insurance and pension funds for financing infrastructure projects as also for a complete re-examination of the Viability Gap Funding (VGF) scheme. He said that the country's infrastructure sector has been hit due to...

NEW DELHI, 26 Oct 2017/--/The Centre has instructed states not to deny PDS benefits to any beneficiary who does not have Aadhaar or has not linked ration card to the 12-digit biometric identifier and warned of strict action on violation. It has also asked state governments not to delete eligible...

Melbourne, 26 Oct 2017/--/The Australian government Thursday admitted writing a letter to China backing Indian mining giant Adani's controversy-hit Carmichael coal mine project in a bid to dispel "misinformation" campaign from the "radical left" to stop the 16.5 billion dollars venture, media...

NEW DELHI, 26 Oct 2017/--/Keen to set up an about Rs 6,000 -crore facility at JNPT Special Economic Zone (SEZ), a global electronic major has sought 200 acres there, Union minister Nitin Gadkari said on Thursday. JNPT is one of the top 12 major ports under the control of the Centre. "A global...

Hyderabad, 26 Oct 2017/--/The officials of Telangana's legal metrology department will carry out special checks across the state from Thursday following complaints of GST being levied in addition to the MRP on packaged goods. Severe action will be initiated against levying of the Goods and...

NEW DELHI, 26 Oct 2017/--/The Supreme Court on Wednesday refused permission to embattled Jaiprakash Associates Ltd to hive-off the rights of multi-crore six-lane Yamuna Expressway connecting Greater Noida with Agra in Uttar Pradesh. The apex court, however, extended the time from October 27 to...

NEW DELHI, 26 Oct 2017/--/The Supreme Court on Thursday asked the Goa government to respond to a plea seeking its direction to reduce the interim cap on mining in the state from 20 million tonnes per annum (MTPA) to 12 MTPA. A bench comprising Justices Madan B Lokur and Deepak Gupta asked the...

NEW DELHI, 26 Oct 2017/--/To upgrade infrastructure in the North-East, the government is planning to undertake highway projects worth about Rs1.45 lakh crore in next two to three years, Union minister Nitin Gadkari said. The government has already taken up many road improvement projects under...

NEW DELHI, 26 Oct 2017/--/Larsen & Toubro (L&T) Thursday said its construction arm has won orders worth Rs 3,551 crore across business segments. In a filing to BSE, the engineering and construction major said its transportation infrastructure and water effluent treatment segments have...

Nagpur, 26 Oct 2017/--/French aircraft maker Dassault Aviation and Reliance Aerospace Ltd will lay the foundation stone of an aerospace park on Fridaywhich will manufacture aircraft components for the Indian as well as the global market. It is estimated to cost about Rs 6,500 crore. French...

Kolkata, 26 Oct 2017/--/Srei Infrastructure Finance Limited has reported a consolidated net profit of Rs 86.11 crore during the Q2 period ended September 17', up by 39 per cent compared to the same period last year. Last year during the same period the company had earned a net profit of Rs 61.87...

Bhubaneswar, 24 Oct 2017/--/As part of initiatives to help investors set up facilities in the state, the Odisha government has built up 1 lakh acre land bank, a senior official has said. Keen on attracting investments in the mineral-rich state, the government has offered various sops and...

NEW DELHI, 24 Oct 2017/--/The second-largest Indian IT exporter Infosys Tuesday reported 3.3 per cent growth in consolidated net profit to Rs 3,726 crore for the second quarter ended September 30, 2017-18. It had posted net profit of Rs 3,606 crore in the July- September quarter of 2016-17,...

Bengaluru, 24 Oct 2017/--/The Infosys board under chairman Nandan Nilekani Tuesday gave a clean chit to the controversial Panaya acquisition, saying there was no merit in the allegations of wrongdoing. "After careful consideration led by our Chairman, the Board reaffirms the previous findings of...

NEW DELHI, 24 Oct 2017/--/The government Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA hit public sector banks over a period of two years. Out of this, Rs 1.35 lakh crore will be through the recapitalisation bonds, while remaining Rs 76,000 crore from the...

NEW DELHI, 24 Oct 2017/--/Jaitley also said the Indian economy is on a strong wicket with sound macro-economic fundamentals. At a press briefing to detail state of the economy, he said India has been the fastest growing major economy for the last three years and the attempt is to maintain high...

NEW DELHI, 24 Oct 2017/--/French aircraft manufacturer Dassault Aviation and Anil Ambani-promoted Reliance Aerospace Ltd will this week lay the foundation stone of an aerospace park which will manufacture aircraft components for the Indian and the global market. French Defence Minister Florence...

Washington, 24 Oct 2017/--/The Madhya Pradesh Chief Minister Shivraj Singh Chouhan in a series of meetings with US industry representatives and leaders of the corporate world has invited them to invest in his state which now offers a new investor-friendly industrial policy. Chouhan briefed the...

Mumbai, 24 Oct 2017/--/The total SDL (state development loans) borrowings in fiscal 2018 could be in the range of Rs 4.8-5 trillion, says a report of Icra. The back-ended redemption and funding of crop loan waivers could boost borrowing to Rs 3-3.2 trillion in the second half of the current fiscal...

Jammu, 24 Oct 2017/--/Suspension of cross-LoC trade between Jammu and Kashmir and Pakistan-occupied Kashmir (PoK) for the last 16 weeks has resulted in a loss of over Rs 80 crore, an official said today. Trade across the Line of Control (LoC) was suspended on July 11 after heavy firing and...

NEW DELHI, 24 Oct 2017/--/Central Vigilance Commissioner K V Chowdary Tuesday laid emphasis on adherence to standard operating procedures (SOPs) by banks to check frauds. Addressing an event here, he said in the last two years or so the banks had been in the news for the wrong reasons. "Banks...

NEW DELHI, 24 Oct 2017/--/Reliance Nippon Life Insurance, a subsidiary of Reliance Capital, today said it has registered 3 per cent rise in new business to Rs 169 crore for the quarter ended September. Assets under Management rose by 11 per cent to Rs 17,983 crore at the end of second quarter,...