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-
Prashant Jhawar forced out as Usha Martin chairman
A boardroom battle in Kolkata-based Usha Martin on Tuesday witnessed Prashant Jhawar, the chairman and one of the main promoters of the wire rope and speciality steel manufacturing firm, being removed by the board with the support of lenders. -
Shared office startup Awfis gets $20m from Sequoia
Unlike WeWork which takes up huge spaces, Awfis says it differentiates itself by being a 350-400 seater, neighbourhood co-working centre. -
Sebi bans Exelon Infrastructure, 23 others from markets for up to 5 years
Exelon Infrastructure, its promoter, six directors and 16 other entities from the capital markets for up to 5 years for indulging in fraudulent trade practices have been banned by Sebi. -
Mahindra Finance profit falls 37% to Rs 234 crore in Q4
Mahindra and Mahindra Financial Services (Mahindra Finance) has reported a fall of 37 per cent in standalone net profit at Rs 234 crore for the last quarter ended March. -
PFRDA eases process of 'retirement advisers' registration process
The government on Tuesday announced it was easing the process of registration of "retirement advisers", with the Pension Fund Regulatory and Development Authority (PFRDA). -
PM Narendra Modi to inaugurate India’s longest bridge in Assam on May 24
Prime Minister's Office has conveyed to the state government that the PM will visit Assam on the day to inaugurate the Dhola–Sadiya bridge.The post PM Narendra Modi to inaugurate India’s longest bridge in Assam on May 24 appeared first on The Financial Express. -
Bangalore Airport slashes carbon emissions by 57%, gets green award
In a big boost to the Kempegowda International Airport today, the Airports Council International on Friday accredited it with a certificate of Level 3 Plus Neutrality under the Airport Carbon Accreditation.The post Bangalore Airport slashes carbon emissions by 57%, gets green award appeared first on The Financial Express. -
Governments must seize opportunity to halve carbon emissions by 2040: Report
There is a need for governments and businesses to "seize" the opportunity to halve global carbon emissions by 2040 while ensuring economic development and energy access for all, a report said today.
The post Governments must seize opportunity to halve carbon emissions by 2040: Report appeared first on The Financial Express. -
FinMin in favour of fixing GST rate on gold at 3%
FinMin in favour of fixing GST rate on gold at 3% -
Cyprus looks to redefine economic equation with India
Five months after the renegotiation of the double tax avoidance treaty, Cyprus is looking at redefining its economic equations with India. The key question - can the two nations capitalise on their close political ties to establish a trade relationship that goes beyond mere tax arbitrage? -
Tax agriculture income, says NITI Aayog member Debroy
NITI Aayog member Bibek Debroy today made a strong case for taxing agriculture income, an opinion contrary to the government#39;s stated position. -
NITI Aayog’s 3-year agenda suggests key reforms to bolster economy
Niti Aayog in its three-year draft action agenda today suggested a host of reforms in taxation, agriculture and energy sectors with the objective of accelerating growth and increasing employment opportunities.
The post NITI Aayog’s 3-year agenda suggests key reforms to bolster economy appeared first on The Financial Express. -
Why GST is good news for the digital and broadcast media
The country#39;s greatest indirect tax reform, GST may, especially, give a leg-up to the digital and broadcast media. -
NITI#39;s 3-year agenda suggests key reforms to bolster economy
Niti Aayog in its three-year draft action agenda today suggested a host of reforms in taxation, agriculture and energy sectors with the objective of accelerating growth and increasing employment opportunities. -
PFRDA makes NPS retirement advisor registration easier
Pension regulator PFRDA on Tuesday said it has made the process of registration of retirement advisors easier for wider coverage of the National Pension System (NPS) and applicants can now apply online.
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In Q1, more than 50% employees to be locals in the US: Wipro
IT firm Wipro expects locals to constitute more than half of its workforce in the US by June as it continues to make "significant" investments in the American market amid tightening of visa norms. -
India a bright spot despite disruptive reforms: Survey
India continues to remain an economic bright spot despite some bold but disruptive reforms, according to a recent survey. -
Shapoor Mistry quits from Indian Hotels board
Tata group hospitality firm Indian Hotels Co Ltd on Tuesday said Shapoor Mistry has resigned as director of the company with immediate effect. -
M-cap of BSE-listed firms at all-time high of Rs 125 lakh crore
Total market valuation of all companies listed on BSE touched a lifetime peak of over Rs 125 lakh crore on Tuesday helped by strong gains in broader market.
-
Nasdaq hits 6,000 for 1st time as US stocks rise again
Wall Street stocks rose again Tuesday, with the Nasdaq climbing above 6,000 for the first time and the Dow gaining following a series of mostly strong earnings from blue-chip companies. -
Rupee scales near 21-month high of 64.26 vs USD
The rupee continued its firming trend to log a near 21-month high of 64.26, by surging 18 paise against the US currency on sustained dollar unwinding from exporters and corporates amid positive global cues. -
Rupee scales near 21-month high of 64.26 on global cues
The rupee continued its firming trend to log a near 21-month high of 64.26, by surging 18 paise against the US currency on sustained dollar unwinding from exporters and corporates amid positive global cues. -
I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley
The Income Tax department has issued a Rs 24,646 crore tax demand notice to Sahara Group's Aamby Valley Limited (AVL) after conducting a special audit of the company. -
Coal scam case: CBI files corruption case against its former director Ranjit Sinha
CBI has filed an FIR against former CBI director Ranjit Sinha in a coal blocks allocation case on Tuesday.
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Bring agriculture income under tax net, says NITI Aayog member
NITI Aayog member Bibek Debroy on Tuesday made a strong case for removal of exemptions on personal income tax and bringing agriculture under the tax net with a view to increasing the resources of state. -
Warehouse executive gets to be day-long CEO at Flipkart
Thirty four-year old Padmini MP, a warehouse executive at Flipkart, on Tuesday walked into office as the CEO of India's largest e-commerce company, Flipkart. -
Did you know taxes and charges on petrol are more than 100% of its cost
Charges levied include transportation cost and dealer's commission while the taxes include those levied by the central government, toll taxes, VAT and 'Draught Cess' which was recently added by the Maharashtra state government.
The post Did you know taxes and charges on petrol are more than 100% of its cost appeared first on The Financial Express. -
Nifty50 ends at lifetime high; Sensex near 30,000
Nifty50 ends at lifetime high; Sensex near 30,000 -
5 things Maruti Suzuki should have added to the new Dzire
Even though the all-new Dzire is well-equipped, we would have been delighted if Maruti Suzuki had added a few more features. -
Highway dispute resolution committee in a month: NHAI chief YS Malik
The NHAI is one of the largest highway contractors in the country with an annual spend of about Rs 90,000 core and there are 180 arbitral claims going on involving a sum of Rs 38,000 crore.The post Highway dispute resolution committee in a month: NHAI chief YS Malik appeared first on The Financial Express. -
Manufacturing contracts in April; Q4 earnings to improve: SBI
Corporates are likely to log in healthier set of numbers in the March quarter clocking up to 12 per cent growth on the back of an improvement in manufacturing, says a report.
The post Manufacturing contracts in April; Q4 earnings to improve: SBI appeared first on The Financial Express. -
New Maruti Suzuki Dzire vs old: Detailed comparison
The changes in the new model aren’t just cosmetic, they are skin deep. -
GST to boost domestic manufacturing, won’t up inflation: Hasmukh Adhia
Revenue Secretary Hasmukh Adhia dismissed fears that GST implementation will lead to a spurt in prices, saying that unlike in other countries, the transition to the new tax regime would be smooth in India.
The post GST to boost domestic manufacturing, won’t up inflation: Hasmukh Adhia appeared first on The Financial Express. -
Wipro posts 20% rise in Q4 net profit at Rs 2,303.5 cr
Wipro posts 20% rise in Q4 net profit at Rs 2,303.5 cr -
ADB lending hits record high
The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday. -
Bring agriculture income under tax net, says NITI Aayog member Bibek Debroy
NITI Aayog member Bibek Debroy today made a strong case for removal of exemptions on personal income tax and bringing agriculture under the tax net with a view to increasing the resources of state.The post Bring agriculture income under tax net, says NITI Aayog member Bibek Debroy appeared first on The Financial Express. -
Are insurers marketing themselves effectively?
The insurance industry has already cracked the best ways to market to the ‘unconnected’ generation - the ones without their phones and laptops. -
Nifty breaches 9,300-mark for the first time, Sensex inches closer to 30,000-level
The Benchmark BSE Sensex zoomed over 287 points while the Nifty breached the 9,300-mark for the first time Tuesday on persistent buying.
-
GST rollout: Compliance rating for industry under new indirect tax regime on the cards
Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure. -
Highway dispute resolution committee in a month: NHAI chief
The National Highways Authority of India (NHAI) will put in place a conciliation committee in a month in its bid to resolve highway disputes involving huge sums as claims. -
How to write Facebook posts? Delhi University to teach literature students
The Delhi University is now planning to teach its English literature students "how to write Facebook posts" -
Jet Airways to connect Chennai with Paris, Bengaluru with Amsterdam
Jet Airways on Tuesday announced launch of two new direct flights connecting Chennai with Paris and Bengaluru with Amsterdam. The launch of these new routes will enable guests to travel to destinations in Europe and North America with its codeshare partners. -
Wipro Q4 profit up marginally, company announces bonus shares
Wipro on Tuesday posted a marginal increase in its consolidated profit at Rs 2,267 crore for the quarter ended March. -
LIC Housing Finance Q4 net profit up 18% at Rs 529 crore
LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31. -
Wheat production likely to touch record 98 million tonnes this crop year
Wheat production is set to touch a record 98 million tonnes (MT) in the ongoing 2016-17 crop year ending June, on account of higher yields.
-
Upside risks to inflation exist, may deter RBI from rate cut: Report
Upside risks to inflation persist despite prediction of a good monsoon and might deter the Reserve Bank from going in for a rate cut in the near future, says a Dun and Bradstreet report.The post Upside risks to inflation exist, may deter RBI from rate cut: Report appeared first on The Financial Express. -
Eicher launches BSIV compliant range of heavy duty trucks
Eicher Trucks & Buses, a part of VE Commercial Vehicles, on Tuesday launched a new range of heavy duty trucks with BS IV technology. -
NITI Aayog’s growth blueprint recommends strengthening of ARCs to solve NPA mess
NITI Aayog today shared some of the key highlights of the three year action agenda that it is preparing for the government. One of the key recommendations made by the NITI Aayog is on tackling bad loans. The policy think-tank has proposed strengthening of asset reconstruction companies to resolve India#39;s NPA mess. -
Govt aims record 273MT foodgrain output in 2017-18
The country is likely to produce an all-time high 273 million tonnes (MT) of foodgrain in the 2017-18 crop year starting July and maintain 4 percent farm growth, anticipating a good monsoon. -
GST will end cascading of taxes, may reduce overall prices: Hasmukh Adhia
The overall incidence of tax will be reduced with multiple existing levies, such as excise duty, central sales tax, entry tax, value added tax (VAT), and service tax being subsumed into single rate GST.
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