Business
RBI Governor Shaktikanta Das, Deputy Viral Acharya Were Not in Sync in Last Three Policy Meets
Recordings from the monetary policy committee (MPC) meetings for the last three policy reviews show that Acharya and Shaktikanta Das differed on key issues of growth, inflation and fiscal deficit.
IndiaMart IPO Opens Today for Subscription; Here’s All You Need to Know
There is no listed entity in India comparable to the business profile of IndiaMART, which has got the investors all excited about this IPO.
States Should Have Power to Determine Minimum Wages under Pending Code on Wages Bill, Says CII
CII says minimum wages fixed by states should be based on three criteria - geographic location, skill and occupation. However, it cannot be lower than the minimum wage fixed by the Centre.
GST Council Extends Anti-Profiteering Authority's Tenure by 2 Years, Sends Rate Cut Proposal to Fitment Panel
Briefing reporters after the 35th meeting of the Council, Revenue Secretary A B Pandey said it has been decided to allow the use of Aadhaar by businesses to register with the GST-Network.
SBI Chairman Rajnish Kumar Defends Sending Jet Airways to Bankruptcy Court
The statement from SBI chairman Rajnish Kumar comes on the day when the Mumbai bench of the NCLT admitted lenders' plea for insolvency for the airline which stopped flying from April 17.
Unprecedented Rally in Jet Airways Shares; Zoom Over 122% to Close at Rs 73.55
At the NSE, shares rose by 122.20 per cent to close at Rs 73.55. In intra-day trade, it touched a high of Rs 82.75 and an all-time low of Rs 26.55.
Tax Free Cereals, Refund for Tourists: Retailer Body Lists Demands for Union Budget 2019
The Retailers Association of India has recommended an early introduction of the Tax Refund for Tourists (TRT) scheme in view of the significant prospective benefits to our members and the broader positive impact on the nation’s economy.
Nifty Ends Little Changed; Auto Companies Drag
The broader NSE Nifty ended unchanged at 11,691.45, while the benchmark BSE Sensex closed up 0.17% at 39,112.74.
New Power Projects May Get Investment-linked Deductions this Union Budget
Both the Power Ministry and industry associations have approached the Finance Ministry for looking at including power sector projects in the scheme on investment-linked deductions retrospectively from April 1, 2017.
Jet Airways’ Lenders Led by SBI Give Up on Its Revival, Choose to Send it to NCLT
The bank said lenders have been taking efforts to find a resolution for the grounded carrier outside IBC but now have decided to seek a resolution within the IBC.
Facebook’s Cryptocurrency to be Backed by Visa, Mastercard, PayPal, Uber: Report
Each company will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin, independently of Facebook, according to the report.
Yes Bank Shares Jump Over 3% as CEO Ravneet Gill Assuages Investor Concerns
Yes Bank's shares had tanked by 13% after two senior-level board members resigned earlier this week. CEO Ravneet Gill also dispelled reports of founder Rana Kapoor's return to the board.
PM Modi to Chair 5th Governing Council Meeting of Niti Aayog on June 15
The Governing Council meeting of Niti Aayog will discuss drought situation, farm distress, security concerns of Naxal-affected districts and structural reforms in the agriculture sector.
Rupee Slips by 4 Paise to 69.38 Against Dollar in Early Trade
The Reserve Bank of India will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday.
All You Need to Know About the New Monthly GST Return Filing System
The finance ministry has put in place a transition mechanism which allows taxpayers to try the new return filing forms during July-September.
Kotak Mahindra, J&K Bank, ONGC, Vedanta, APSEZ Among 10 Stocks in News Today
Kotak Mahindra Bank shares fell by 1.2%, while Vedanta shares jumped 2.5%. J&K Bank shares plummetted by as much as 20% after the removal of chairman Parvez Ahmad.