Business
Cabinet May Consider Converting GSTN to Govt Entity Wednesday
Arun Jaitley had in April asked Finance Secretary Hasmukh Adhia to "examine the possibility" of converting GSTN into a majority government company or a 100 per cent government company.
With Petrol at Rs 90 a Litre, OPEC's Negative Demand Outlook is Not Helping
India imports close to 80 percent of its oil needs, most of which is via OPEC.
BSE Sensex Drops Over 200 Points, Nifty Below 11,100; Yes Bank Among Big Losers
The 30-share index, after opening positive at 36,924.72, quickly succumbed to selling pressure and fell by 210.22 points, or 0.57 per cent, to 36,631.38 in early trade.
Govt to Take All Measures to Ensure Liquidity in NBFCs, Says Jaitley
The minister's remarks come in the wake of stock markets witnessing sudden and stiff fall in intra-day trade on Friday over concerns of liquidity crisis being faced by some of the NBFCs.
Shell's Mansi Madan Tripathy Bats for Electric Vehicles, BS-VI, Artificial Intelligence as Economic Enablers
In a conversation with News18, Mansi Madan Tripathy, Managing Director, Shell Lubricants, India, talks about the importance of Artificial Intelligence in business and how India is going through an evolution in terms of jobs.
IL&FS Financial Services MD and CEO Ramesh Bawa Resigns Amid Accusations of Loan Defaults
Infrastructure conglomerate IL&FS has come under the scanner of multiple regulators, including Sebi, for alleged defaults related to financial disclosures and corporate governance.
This is How the Govt is Planning to Deal With Weak Rupee, Iran Oil Sanctions
The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. Its currency has fallen sharply this year against the U.S. dollar, amid a wider sell-off in emer...
PPF, NSC to Fetch More Returns as Govt Hikes Interest Rate on Small Savings
Public Provident Fund (PPF) and National Savings Certificate (NSC) will fetch annual interest rate of 8 per cent as compared to existing 7.6 per cent, while Kisan Vikas Patra (KVP) will yield 7.7 per cent.
WPI Inflation Drops to 4-month Low of 4.53 % in August
Deflation in vegetables was 20.18 per cent in August, as against 14.07 per cent in the previous month.
Already Fighting the Tariff War, Telcos Have a New Villain: Ever-rising Fuel Prices
According to experts, the surging diesel prices over the past one month are likely to lead to a 50-to-60 basis points (bps) sequential dip in operating margins of telco biggies Vodafone Idea (VIL), Bharti Airtel, among others.
SC to Hear ArcelorMittal's Plea Against NCLAT Order on Essar Steel Auction Tomorrow
ArcelorMittal has moved the apex court challenging the NCLAT order of September 7 by which it had held as eligible the second bid of NuMetal, a consortium of Russia's VTB-JSW, for Essar Steel.
Rupee Cracks Below 72-mark, Hits New Closing Low of 72.45
Heavy speculative dollar demand along with panic among importers sent the domestic currency tumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering the central bank intervention to defend the currency.
China's Forex Reserves Fall by $8.23 Billion Due to Dollar Appreciation
According to China's State Administration of Foreign Exchange (SAFE) Foreign exchange reserves fell by 0.26 per cent in August after a two-month gaining streak in June and July.
Jet Airways Gets Govt Approval to Appoint Sharad Sharma as Independent Director
At the annual general meeting of Jet Airways held in August, Sharma was appointed as an Independent Director and will take effect from September 5, 2018.
Infosys Announces Joint Venture with Singapore's Temasek Holdings
Infosys will take a 60 percent stake in the joint venture and Temasek will hold 40 percent, Infosys said in a statement
Rupee Plunges to Yet Another Record Low, Ends at 71.21 vs US Dollar
A surge in global oil prices, concerns over US-China trade war and contagion risks from Turkey and Argentina are the factors impacting forex market sentiment.