Business
Revenue Dept Detects Over 900 GST Fraud Refund Claims Through Data Analytics
Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current financial year.
Rupee Gains 7 Paise Against US Dollar Amid Easing Oil Prices
At the interbank foreign exchange market, the rupee opened marginally lower at 71.25 but soon stabilised to trade at 71.14.
SBI Launches New Home Loan Scheme with Completion Guarantee to Buyers
The Residential Builder Finance with Buyer guarantee scheme can be availed for projects where the maximum home price is up to Rs 2.5 crores. Initially it will be available in seven cities and will be later extended to a total of 10 geographies.
'Economic Situation Bad, 5% Growth Estimate Imaginary': Yashwant Sinha Hits Out at Govt
Talking to reporters, Yashwant Sinha also demurred Prime Minister Narendra Modi holding 'pre-budget consultation', saying it is 'unprecedented' and asked what the latter's Finance Minister is doing.
As Things Stand, Even Govt’s ‘First Guess’ of GDP Growth Slumping to 5% May Be Too Optimistic
The Central Statistical Office (CSO) has projected manufacturing growth at just 2 per cent this fiscal against 6.2 per cent in the year-ago period – a decline of over three times.
'You Do What You Want, I'll Do What I Want': Zoho Chief's Reaction After Being Slammed for Invite to RSS Event
According to a poster of the right-wing organisation, the event will be held on February 2 at a school in Chennai.
Rumours of Air India's Shutdown Are Baseless, Says Airline Chairperson Amid Talks of Privatisation
Ashwani Lohani's comments came weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
Forex Reserves Hit Record High at $457.46 Billion, Shows RBI Data
The increase in reserves was mainly on account of a gain in foreign currency assets, major component of the overall reserves, which surged by $2.203 billion to $424.936 billion.
Sterlite Technologies Bags Rs 1,800 Crore Rural Broadband Network Project from Telangana
Supporting the vision to establish a 'Digital Telangana', T-Fiber and STL will work together for enabling affordable and high-speed broadband connectivity to 6 million rural citizens in the state.
MOIL Shares Surge 8.5% After Company Hikes Manganese Ore Prices
Shares of MOIL were trading at Rs 153.30, up 4.8%, after hitting the day’s high of Rs 158.80. The stock has lost nearly 10% in the last one year compared with a 13% rise in the Nifty 50 index.
Air India Will Keep on Running Till It is Privatised, Says Aviation Minister
While disinvestment-bound Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Karvy Group Names Amitabh Chaturvedi New Head for Financial Services Arm Month After SEBI Ban
The Securities and Exchange Board of India (SEBI) barred Karvy Stock Broking last month after a preliminary investigation by the National Stock Exchange showed the brokerage pledged and sold some of its client securities to raise funds for its own use, wi...
DHFL, Jet Airways, Infosys and Chalet Hotels Among Key Stocks in Focus Today
At 10:44 am, the benchmark S&P BSE Sensex was down 166.76 points, or 0.4%, to 41,391.24, while the Nifty 50 index fell 44.30 points, or 0.36%, to 12,211.55.
Tata Group Stronger, More Resilient and Future Ready, Chairman N Chandrasekaran Tells Employees
Tata Sons chairman N Chandrasekaran said the salt-to-software USD 110-billion group is moving 'decisively' on financial fitness and operational efficiencies.
Hiring No More About Recruitment, But Attracting Talent: Companies Will Wake up to This Reality in 2020
Longer time to hire, increasing number of dropouts and attrition indicate that hiring has not just become expensive and difficult, but also the inability to attract right talent is impacting business.
Uber Co-founder and Former CEO Travis Kalanick to Resign From Board of Directors
Travis Kalanick, who helped found Uber in 2009, stepped down from the company's helm in June 2017 under pressure from investors after a string of setbacks.