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-
Used BS4 cars turn bargain buys
Organised used car players like Mahindra First Choice Wheels, OLX and Truebil say that the migration to BS6 and the phasing out of popular models will see a sharp drop in the price of these models in the used car pool, making them bargain buys. -
Currency surge due to small note need: Study
According to a report by SBI, the pace of circulating Rs 200 denomination notes, as well as other smaller units, increased manifold in FY18. The SBI report comes close on the heels of a similar study by HSBC, which said that the cash surge is a reflection of increasing ‘informality’ — a euphemism for unaccounted transactions or black money. -
SC expels 2 court masters for diluting Anil Ambani order
Noticing the glaring discrepancy, a furious Justice Nariman promised action.He sent a complaint to Chief Justice Ranjan Gogoi, who initiated an inquiry. -
ICAI bets big on artificial intelligence, data analytics
“We are focussing on future avenues. While cost and management accountancy is our core competency, apart from this we must also focus on new areas like artificial intelligence, data analytics, forensic audit or information system audits,” he said, adding that ICAI has recently launched a course on data analytics. -
Mallya appeals at UK high court against extradition
Mallya told TOI: “There is nothing to comment about. I stated my intention to appeal earlier.” When asked how long it might take for a decision, he said: “I don’t know the details. My lawyer is travelling.” -
IndiGo cancels around 130 flights for Friday
Acute shortage of pilots along with NOTAMs at some airports forced IndiGo to cancel around 130 flights for Friday, a source said. The cancelled flights account for almost 10 % of the airline's operations. The cancelled flights account for almost 10 % of the airline's operations. The carrier operates over 1,300 flights per day with a fleet of 210 planes. -
Arun Jaitley to resume duty as Finance Minister by 18 Feb; appointment note likely soon
Arun Jaitley, who has recently returned home from the US after treatment of an illness, is likely to resume charge as the Finance Minister by 18 February 2019. Piyush Goyal was appointed as Minister of Finance and Minister of Corporate Affairs to fill in for Arun Jaitley. -
ONGC net profit jumps 65% in December quarter
Net profit in October-December at Rs 8,262.70 crore, or Rs 6.44 per share, was higher than Rs 5,014.67 crore, or Rs 3.91 a share, net earning in the same period of the previous fiscal, the company said in a regulatory filing. -
Two-and-a-half years after its launch, states match centre’s expenditure on this online platform
After initial hiccups, States now account for half of the total procurements done through the government's own online platform for public procurement - GeM. -
Jet posts Rs 588 cr Q3 loss; board approves lenders' rescue package
The airline made a net loss of Rs 588 crore ($83 million) for the three months ended December 31, compared with a profit of Rs 165 crore a year earlier. Revenue from operations stood at Rs 6,148 crore in the December quarter against Rs 6,086 crore posted in the same period last year. -
Jet Airways board approves lenders' rescue package
The airline made a net loss of Rs 588 crore ($83 million) for the three months ended December 31, compared with a profit of Rs 165 crore a year earlier. Revenue from operations stood at Rs 6,148 crore in the December quarter against Rs 6,086 crore posted in the same period last year. -
Sensex, Nifty fall for sixth straight session
The 30-share index, after shuttling between 35,799.42 and 36,109.10, finally settled 157.89 points, or 0.44 per cent, down at 35,876.22. It had lost 840 points in the previous five sessions. -
Hacked apps on iPhones may hit Apple's revenue
Illicit software distributors such as TutuApp, Panda Helper, AppValley and TweakBox have found ways to use digital certificates to get access to a program Apple introduced to let corporations distribute business apps to their employees without going through Apple’s tightly controlled App Store. -
India, US hold talks to calm trade tensions
US commerce secretary Wilbur Ross addressed a US-India CEO Forum by video after his flight was cancelled and was due to similarly join the commercial dialogue later in the day with commerce minister Suresh Prabhu, the sources said. -
United Arab Emirates-India: How fostering strong economic links can help both nations
Recently, Prime Minister Narendra Modi recently at a speech in India said that India would continue to be the fastest-growing large economy, and could be the second-largest economy in the world by 2030. -
Welfare measures to continue in India post general election: Singapore bank
Despite a change in the government in 2014, impetus for Goods and Services Tax (GST), financial inclusion, and fuel subsidy reduction did not waver, said Indian-origin economist with DBS Research Group Radhika Rao. -
Over Rs 2.18-lakh cr cess collected by govt remains unutilised: CAG report
The issue of short-transfer and under-utilisation of cess collected in the Consolidated Fund of India for their dedicated accounts has been a recurring problem for many years. -
Why continued food inflation fall may not be good for Modi government
The continued fall in food inflation has been the main reason behind the Consumer Price Index (CPI) inflation being so low that even the Reserve Bank of India (RBI) was prompted to slash benchmark rates and change stance from ‘calibrated tightening’ to ‘neutral.’ -
Palm oil imports drop 2.31% in January: SEA
The country#39;s total vegetable oil imports declined 3 percent to 12.75 lakh tonne in January this year compared to 12.91 lakh tonne in the year-ago period. -
German economy escapes recession but remains stalled
Germany#39;s economy grew at its weakest rate in five years in 2018. -
Potato, onion prices ease as wholesale price inflation hits 10-month low
The WPI data further revealed that wholesale based price inflation for 'fuel and power' segment fell sharply to 1.85 per cent as against 8.38 per cent in December 2018, due to easing in prices of motor fuel and LPG. -
WPI inflation hits 10-month low, drops to 2.76% in Jan
WPI inflation stood at 2.74 per cent in March 2018. Inflation in kitchen essentials like potato, onion, fruits, and milk softened in January over the previous month, the data revealed. However, the rate of price rise in the food basket, as a whole, rose to 2.34 per cent in the month under review compared to a deflation (-0.07 per cent) in the previous month. -
Airbus to stop production of A380 in 2021
The double-decker A380 will be discontinued in 2021. The European aircraft major reached this decision after Dubai-based mega carrier Emirates, which is the largest operator of the A380, reduced its order book for this plane by 39 from 162 to 123 aircraft. Airbus had in all 313 A380s on order till January 2019 with 234 of the delivered to 16 customers. -
Yes Bank sees best day after RBI gives clean chit
The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday. This came as a relief for Yes Bank, which reeled under pressure last year to bring in a new chief executive officer amid an increasingly assertive approach by the Reserve Bank of India to tackle domestic banks’ bad debts. -
Modi’s Swachh Bharat Mission an inspiring model, says Nigerian minister
Officials from Nigeria will soon be studying their Indian colleagues to better understand how Swachh Bharat Mission can be adapted to the Nigerian context -
West Bengal govt calls for tripartite meet to resolve jute industry impasse
A notice issued by the state labour department earlier this week invited the jute unions on February 18 to discuss their charter of demands with the mill owners. -
Amazon, Flipkart among firms facing trouble amid draft data localisation law, new e-commerce rules
This has disrupted product listings on Amazon's India website and compelled it to change its business structures. -
Sensex drops over 100 points on weak global cues, foreign fund outflow
On similar lines, the NSE Nifty was down 40.95 points, or 0.38 per cent, at 10,752.70 points. -
Facing extradition, Vijay Mallya again offers to settle bank dues
"The Prime Minister's last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who "ran away" with Rs 9,000 crores. Given the media narrative I can only infer that reference is to me," Mallya said in a tweet. -
Facing extradition, Mallya again offers to settle dues
"The Prime Minister's last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who "ran away" with Rs 9,000 crores. Given the media narrative I can only infer that reference is to me," Mallya said in a tweet. -
DTH, cable rentals won’t breach current bill amount; Trai to evolve guidelines
Sources said that since the new regulatory framework has come, 67 existing bouquets have revised their prices downwards and 8 pay channels have become free-to-air channels. -
PM Kisan Yojna: Small, marginal farmers to get Rs 4,000 by early April
The exclusion list also includes all institutional land holders and farmer families in which one or more of members belong to following categories: former and present holders of Constitutional posts, former and present ministers/MPs/MLAs/ MLCs/ mayors. -
Sliding superbike sales prompt offers
Sales of motorcycles with engine capacity between 800cc and 1600cc have taken a beating between April 2018 and January 2019. In comparison, sales of bikes with engine capacity greater than 500cc and less than/equal to 800cc increased from 2,858 units to 4,798 units during this period. -
US company sues Cognizant for breach of contract
Cognizant had been mandated by Crawford to implement PeopleSoft Financials software as part of an ERP project called Project Atlas that was critical to Crawford’s operations. Project Atlas included components for both internal operations and client-facing services. -
Private thermal power plant utilisation falling amid tepid demand growth
The current consumption of 1,200 units per capita is expected to grow 2-3 times, at par with the international consumption, after each and every individual of the country has access to electricity,” said power minister RK Singh, -
Indirect tax officials’ appraisal to consider arrears recovery
Officials were asked to concentrate on recovery of clearly recoverable arrears, which are substantial (more than Rs 50 lakh) and where there are clear chances of recovery by March 2019. -
CBDT forms panel to examine issues and suggestions for better litigation management
The Central Board of Direct Taxes (CBDT) has constituted a five-member committee to examine the suggestions and issues on litigation management that emanated from a judicial conference held in January. The committee has been tasked with examining cases where the appellate tribunal (ITAT) has passed perverse or irregular orders. Additionally, it will also examine the […]
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