India Blog News - Page 4
Tata Steel will be able to nearly double capacity in India after ThyssenKrupp deal, reduce debt: N Chandra
Tata Steel and ThyssenKrupp signed a deal on Saturday after months of negotiations to form Europe’s second biggest steel company in which Tata and ThyssenKrupp will have a 50:50 partnership.
Flipkart deal in line with govt's FDI policy; acquisition to boost manufacturing, provide skilled jobs: Walmart
The Confederation of All India Traders (CAIT), a body of traders, on Monday, organised mass protests in different parts of the country against the Walmart-Flipkart deal.
Narendra Modi is right in ruling out a single GST rate; but why continue with a complex tax structure?
Modi is right in ruling out a single GST rate at this stage, but it doesn’t justify the continuance of a six rate structure that includes one of the world’s highest GST rates at the top end.
Walmart India gets half of business via out-of-store sales; US retail giant to open another fulfillment centre in Lucknow
Walmart India, a wholly owned subsidiary of Walmart Inc, operates 21 cash and carry stores here under the brand name of 'Best Price' in 9 states across the country.
Flipkart-Walmart deal: 10 lakh traders to protest across country today, says traders body CAIT
CAIT has already filed our objections in Competition Commission of India and if need arises it shall challenge the deal in the court of law.
Interpol issues Red Corner Notice against Nirav Modi: Fugitive diamantaire can be arrested by any member state now
The records the CBI provided to the Interpol included the non-bailable warrants issued by a Mumbai special court and the details of the charge sheets filed in the case etc.
GST anniversary: Indirect tax regime has led to improved efficiency, moderated retail inflation, reveals CII survey
The survey also indicates a positive impact of GST on employment as well as on the demand for goods and services.
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky bet
LIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.
One year of GST: It’s been a bumpy ride for the restaurant industry over the past 12 months
The imposition of a restriction on availing of ITC is not in line with the basic underlying objective of GST
Rural finance: Death by ponzi scams; the ripping off of the unemployed youth
Ponzi schemes thrive on the failed dreams and ambitions of an entire generation of young men.
What you need to know before filing your income tax return
Taking a look at the various criteria/situations that make return filing mandatory for taxpayers.
One year of GST: The roller-coaster ride is over and businesses are now prepping to switch to cruise control
If voluntary courting of GST by SMEs can swell the revenue kitty, robust self-policing can add much more to the government's coffers.
One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth
The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY (Do it yourself) economy
One year of GST: Indirect tax regime is a great success; has led to growth in GDP, says Adi Godrej
India’s gross domestic product (GDP) grew at 7.7% in the fourth-quarter of the 2017-18 financial year and that was because of GST, believes Adi Godrej
Money stashed by Indians in Swiss banks swells by 50%: Narendra Modi's promise on black money suffers setback
In 2015, the money held by Indians in Swiss banks had fallen by nearly one-third to CHF 1,217.6 million (over Rs 8,000 crore). Prior to that, these funds fell by 10 percent to CHF 1.8 billion in 2014, after a rise of 43 percent in 2013 to CHF 2.03 billion, the report added.
ICICI Bank appoints former IAS officer Girish Chandra Chaturvedi as non-executive part-time chairman for 3 years
ICICI Bank, in a filing to the exchanges, said that Chaturvedi will take charge from 1 July, 2018. The term of current chairman MK Sharma expires on 30 June
India has adequate 'firepower' of foreign exchange reserves to deal with rupee volatility, says Subhash Chandra Garg
Volatility is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil
IMF suggests India three steps to sustain high growth rate; expects recovery to continue in FY 2018-19
The IMF Board is tentatively scheduled to meet on 18 July for its annual India meeting.
India, ASEAN must work for early conclusion of RCEP, says Singapore finance minister Keat
The RCEP aims at liberalising norms for trade in goods and services and boost investment among 16-member countries.
Bankers should tap into opportunities in highways sector, says Nitin Gadkari
Bankers will be updated with the pick up in projects in highways sector and would listen to their problems.
Rupee recovers from all-time low, regains 18 paise on early trade
The rupee had yesterday breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar
Sensex rebounds 200 points as July F&O series opens strong, Nifty reclaims 10,600-mark; bank, auto stocks up
The 30-share Sensex bounced back by 200.13 points, or 0.57 percent, at 35,237.77.
Govt targets roll out of new GST return forms by 1 January, says Hasmukh Adhia
The GST Council had in its last meeting on 4 May approved the design of new return forms.
Pakistani money in Swiss banks down by 21% to Rs 7,700 cr but remains above Indian funds
The surge in Indian money held with Swiss banks comes as a surprise given India's continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.
Stocks extend losses as rupee rout spooks investors; Sensex slumps 179 points, Nifty sheds 82 points
The rupee plunged to a fresh record of 69.10 against the dollar in early trade today, before clawing back lost ground. A weak currency and stubborn global oil prices pose inflationary risks to net energy importers like India
B Sriram resigns as Managing Director of State Bank of India amid IDBI stake sale buzz
Sriram took charge of IDBI Bank on 22 June following M K Jain demitting office to take over as Deputy Governor of Reserve Bank of India (RBI).
Why the Air India Nariman Point property sale should be the template for future PSU disinvestment
Air India’s whopping outstanding to banks and accumulated losses was a put-off for potential suitors for a going concern sale
Sensex suffers more losses as rupee hits record low, breaches 69-mark; Nifty drops by 31 points; bank, auto stocks fall
Sensex which had lost 272.93 points in the previous session, fell further by 90.26 points, or 0.25 percent to 35,126.85. The NSE Nifty also dropped by 31.30 points, or 0.29 percent, to 10,640.10.
NITI Aayog to set up sub-group to study treatment pricing of key ailments under Ayushman Bharat
NITI Aayog's sub-group will undertake a systematic study of costing of treatment and the suggestions will be taken into account while revising the prices in future.
Infosys to announce June-quarter results on 13 July; investors watch out for management's narrative on governance issues
Investors will not only be keen on Infosys's scorecard for the June quarter and its take on the demand environment for tech services,