Other Stories

New coal policy to benefit private independent power plants: ICRA

New coal allocation policy will benefit private independent power plants having combined capacity of 28 GW that were adversely affected by lack of fuel supply pacts.

29 May 2017

Union Minister for Road Transport Highways and Shipping Nitin Gadkari. | PTI
Ten waterways to be made operational next year: Nitin Gadkari

The government last week approved allocation of 2.5 per cent of the Central Road Fund (CRF) for NWs that would result in about Rs 2,000 crore proceeds a year for their development.

29 May 2017

Larsen & Toubro fourth-quarter profit rises 28 percent, beats estimates

Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

29 May 2017

SEBI  (File | Reuters)
SEBI proposes tighter rules for offshore derivatives

In a consultation paper, SEBI proposed that ODI issuers be given till Dec. 31, 2020 to wind down any ODIs issued for speculative purposes.

29 May 2017

Representational Image. (File | Reuters)
Oil India fourth-quarter profit falls 96 percent on one-time charge

State-run Oil India Ltd posted a 96 percent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government.

29 May 2017

European Commission ministers agree car approval rules after Dieselgate

Under the present system, national bodies such as Germany's KBA authority, have the power to clear new vehicles for the whole European Union and can also revoke those licences.

29 May 2017

Union Finance Minister Arun Jaitley. | AFP File Photo
Finance Minister to visit Paris next week, sign OECD pact on tax evasion

Finance Minister Arun Jaitley will travel to Paris next week to sign the OECD multilateral convention that aims to check crossborder tax evasion by multinational companies.

29 May 2017

Evolve consensus on January-December fiscal with states, UTs: Assocham

The chamber noted that all states and UTs should switch to the new financial year uniformly once a broad-based consensus is evolved on the issue to reduce the hassles of trade & industry.

29 May 2017

Adani Group chairman Gautam Adani. (File | Reuters)
Won't oppose infrastructure funds for Adani Carmichael coal mine: Queensland

Adani group had postponed its final investment decision on the AUD 21 billion project after the state cabinet did not give any "clarity" on offering royalties holiday for the project.

29 May 2017

160 firms apply to become GST Suvidha Providers

The GST Network, the company providing IT backbone for GST rollout, has received as many as 160 applications from firms that have evinced interest in acting as GST Suvidha Providers.

29 May 2017

A view of the World Bank headquarters building in Washington. (File Photo | Reuters)
India will grow at 7.2 per cent in 2017-18: World Bank

The report says demonetisation in November 2016 caused a slight disruption to India's growth recovery, following a favourable monsoon last fiscal, but things seems to be bettering.

29 May 2017

The carcasses of cattle dumped in a field in Chamarajanagar district of Karnataka. | Express photo by S Udayshankar
Cattle trade ban to halt beef exports, lead to job losses

Prime Minister Narendra Modi's government decreed animal markets will only be able to trade cattle for agricultural purposes such as ploughing and dairy production.

29 May 2017

Fitch Ratings downgrades IDBI Bank's IDR to BB+; keeps outlook stable

Global rating agency Fitch Ratings today downgraded IDBI Bank's long-term issuer default rating (IDR) to BB+ from BBB- but kept the state-run lender's outlook stable.

29 May 2017

Representational Image.
Sekhar Reddy case: Enforcement Directorate attaches 30 kg gold bars

The ED, in March this year, had arrested Reddy and his two alleged associates K Sreenivasulu and P Kumar in this case.

29 May 2017

Cess to yield Rs 55,000 crore in first nine months of GST rollout

The amount to be raised through cess on coal as well as luxury items and sin goods will be used for compensating states for revenue shortfall following the implementation of the new tax regime.

29 May 2017

Sensex | REUTERS
Market at new closing highs, Nifty ends above 9,600

Opening weak, the 30-share Sensex slid below the 31,000 -mark on a string of weak quarterly earnings and hit a low of 30,869.90, but quickly bounced to yet another lifetime high of 31,214.39.

29 May 2017

Reserve Bank of India . (File photo)
Reserve Bank of India unlikely to cut rates; to be less hawkish at next policy: Icra

The Reserve Bank is unlikely to cut rates at its policy review next week but the tone of the statement will be less hawkish than the previous one, domestic rating agency Icra said today.

29 May 2017

FY17 GDP growth likely to be revised to 7.6 percent: SBI Research

GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 per cent and 7.6 per cent, respectively, because of new IIP and GDP series, says a report.

29 May 2017

A man uses a court-side basketball vending machine at the Beijing Language and Culture University in Beijing, China, May 24, 2017. (Reuters)
China 'sharing economy' booms, but can it last?

China's rapidly expanding "sharing economy", which already provides car rides and bicycle hire on demand, can help.

29 May 2017

Representational Image. (File | AP)
Oil slips as more US drilling outweighs OPEC-led cuts

Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply.

29 May 2017

Finance Minister Arun Jaitley (File | PTI)
Goods and Services Tax will help in evolving India as tax-compliant society: Jaitley

The elimination of interaction between the assessing authority and taxpayer will minimise harassment and bring greater accountability into the system, Finance Minister said.

29 May 2017