Business
GST Roll out Deferred, July 1 Likely New Date: FM Arun Jaitley
Finance Minister Arun Jaitley said here that a rollout of the Goods and Services Tax has been deferred from its April 1, 2017 date, and may now be implemented on July 1, 2017, once again highlighting differences between the Centre and the States sharing o...
Indian Realty Expected to Grow by 30% in Next Decade, Will Remain a Good Investment
Globally, real estate is recognized as a sector which has the most economic linkages. In India, realty is the second largest employer after agriculture and is slated to grow at 30% over the next decade as the number of Indians living in urban areas is set...
Automobile Exports From India Decline by 5% In 2016
India's automobile exports across categories fell 5 per cent in 2016 dragged down by lower sales of two and three-wheelers in various markets, including Latin America and Africa.
Tata Group Stocks End the Day on a Mixed Note
Tata Group stocks on Friday ended on a mixed note, a day after TCS chief Natarajan Chandrasekaran was appointed the Chairman of Tata Sons.
Why Tata's Chandrasekaran Choice is a Safe Bet
On the face of it, the Tata group’s choice of Natarajan Chandrasekaran as Chairman to replace the ousted Cyrus Mistry appears a case of safety first, but look a little closer and the logic becomes clear.
Cyrus Mistry Moves Contempt Application at NCLT Against Tatas
Two investment firms owned by the family of Cyrus Mistry on Wednesday filed a contempt application at NCLT against Tata Sons and its directors including Ratan Tata, alleging violation of the tribunal's order in initiating steps to remove him from the boar...
Exporters Hope Budget 2017 Will Provide Stimulus to Counter Downturn, Demonetisation
India’s exports have been falling for the last 24 months. Exporters are hoping Finance Minister Arun Jaitley provides financial succour in Budget 2017 to boost the sector, which has been further hit by demonetisation.
H1B Visa Reform to Increase IT Firms' Margin Pressure: Report
IT firms' margins will come under more pressure if the US government clears the H1B visa reform Bill -- 'Protect and Grow American Jobs Act', rating agency India Ratings and Research (Ind-Ra) said on Tuesday.
Rupee to Fall to Record Low Over Coming Year: Reuters Poll
The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi's dramatic currency crackdown launched two months ago, a Reuters poll found.
India’s Economy to Grow 7.1% in 2016-17, Doesn’t Factor in Impact of Demonetisation
The government on Friday said the country’s economic growth would slow down to 7.1 percent in the fiscal year ending in March from 7.6 percent a year earlier.
'Poor Man's Raghuram Rajan' Viral Acharya Appointed RBI Dy Governor
The government has appointed Viral V. Acharya, a professor of economics at New York University, as one of the Reserve Bank of India's four deputy governors for a term of three years, according to a statement on Wednesday.
Sensex Scores Most Gains in 3 Weeks, Nifty up from 7-month Low
The market notched up its biggest single-session rally in about three weeks on Tuesday to end above the 26,000-mark as the Sensex rebounded by over 406 points after Finance Minister Arun Jaitley underlined the need to have globally compatible tax rates to...
Arun Jaitley Hopes Digital Payments Will Help Lower Fiscal Deficit
Finance Minister Arun Jaitley on Sunday expressed hope that demonetisation will help increase government revenue and lower fiscal deficit, leading to higher expenditure on defence and rural infrastructure.
Old Note Deposits Over Rs 5,000 Allowed Only Once Per Bank Account Till Dec 30
The Reserve Bank of India (RBI) latest notification, issued on Monday, says that an individual depositing Rs 5000 and above into their bank accounts will have to provide a “satisfactory” explanation to 3 bank officials on record so that an audit can be ca...
GST Rollout May Be Pushed to July, Industry Needs Time, Say Experts
The Council, chaired by Finance Minister Arun Jaitley, in its six meetings so far has taken unanimous decisions on 10 issues while three more -- dual control, list of items in tax bracket and model CGST and IGST laws -- are still pending.
CAG Pulls Up FM for Allowing I-T Dept to Incur Interest on Refunds
Apex auditor CAG on Friday pulled up Finance Ministry for allowing income tax department to incur over Rs 7,700 crore on interest on refunds without authorisation of Parliament during 2015-16.