Business
Rupee Rises 14 Paise Against US dollar in Early Trade
The weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.
Air India, to Cut Catering Costs, is Stocking Return Flight Food from India on International Flights
The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning.
Make GST Input Tax Credit Claims Online: Commerce Minister Suresh Prabhu to FinMin
Banking issues, like caution listing of exporters, third party/ third country exports and list of items to be traded with Iran, were also discussed.
Air India Launches Bidding System for Upgrade to Business Class
This system has been started on flights operating to the US, Europe, Australia, Japan and Hong Kong. It hasn't begun on flights being operated to the Gulf region.
Skies Darkening Over the Global Economy, Warns World Bank
According to the World Bank's report, global economic growth is projected to soften from a downwardly revised 3 per cent in 2018 to 2.9 per cent in 2019 amid rising downside risks to the outlook.
Agriculture Loans Worth Rs 10.2 Crore Disbursed by Syndicate Bank Turn into NPAs in 5 years
The NPA of the public sector bank increased in the last three fiscals, with the bad loans soaring to Rs 3,851 crore in 2017-2018, according to the details obtained under the Right to Information (RTI) Act, 2005.
Farmers to Join Central Trade Unions' Nationwide Strike Today Against Centre's Policies
A union worker alleged that the proposed Trade Union (Amendment) Bill 2018 as cleared by the Cabinet is designed to impose conditions of slavery on the working people and totally abrogate trade union rights.
Can't Return Due to Safety Concerns, PNB Fraud Case is Politicised: Nirav Modi
Nirav Modi feared for his safety given the violent threats made against him 'as illustrated by the burning of his effigies', his lawyer replied to Enforcement Directorate.
Syndicate Bank to Raise up to Rs 500 Crore by Issuing Shares to Staff
The Syndicate bank said it would "raise equity share capital up to Rs 500 crore by creating, granting offer, issuing and allotting up to 30,00,00,000 new equity shares of face value of Rs 10 each to the eligible employees of the bank."
In First Ever 3-Way Deal, Cabinet Approves Merger of Dena And Vijaya Bank With Bank of Baroda
The merger will be effective from April 1.
Indian Bourses Begin 2019 on Bullish Note; Sensex Soars 186 Points
The 30-share BSE Sensex closed at 36,254.57, rising 186.24 points or 0.52 per cent. Similarly, the NSE Nifty ended at 10,910.10, gaining 47.55 points or 0.44 per cent.
IndiGo Worst Airline for Consumers, Says House Panel; Lists Rude Staff, High Fares Among Problems
In a report tabled in Parliament last week, the panel noted that despite mechanisms put in place, the Civil Aviation Ministry's role in containing the discourteous, rude, arrogant and aggressive behaviour of airlines staff with passengers is far from sati...
No Exclusive Sale of Products Starting Feb as Govt Tightens Norms for e-Commerce Companies
The commerce and industry ministry also prohibited e-commerce companies like Flipkart and Amazon, from entering into an agreement for exclusive sale of products.
India Inc Hails GST Council's Move to Cut Tax Rates
The council reduced tax rates on goods and services including movie tickets, TV and monitor screens and power banks, and exempted frozen and preserved vegetables from the levy.
RBI Governor Shaktikanta Das 'Highly Corrupt', Alleges Subramanian Swamy
Das, who spearheaded the post-demonetisation normalisation of the economy, was named the new RBI governor on December 11, a day after incumbent Urjit Patel quit the post.
GST Council to Discuss Rate Rationalisation for Housing, Exemption Threshold of MSMEs in January
At present, GST is not be levied on buyers of real estate properties for which completion certificate is issued at the time of sale.