COVID-19: CAIT urges PM to form GoM for impacted businesses

New Delhi (IANS) The Confederation of All India Traders (CAIT) on Thursday urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to tackle the impact of coronavirus epidemic on India's trade and industry.

In a letter…

Kashi Mahakal Express to start commercial run from today

New Delhi (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC)- operated third train between Varanasi and Indore, the Kashi Mahakal Express, will begin its first commercial run from Thursday.

The train was flagged off on February…

Vodafone Idea pulls a surprise, stocks zoom 35% on the BSE

Mumbai (IANS) Vodafone Idea on Wednesday saw a sharp surge in its stock price over reports that the government is unlikely to invoke its bank guarantees for now. Its shares were trading at Rs 4.08 a share, higher by 35 per cent on the BSE.

With…

RBI nod for Kotak Mahindra Bank promoter stake dilution

New Delhi (IANS) Kotak Mahindra Bank on Wednesday said it has got the final nod from RBI on the promoters' stake dilution plan.

"Reserve Bank of India has granted its final approval vide its letter February 18, 2020 in the matter relating…

Taxing retirement income of employees a retrograde step

New Delhi (IANS) The Union Budget for 2020 contains direct tax proposals in the Finance Bill to tax the retirement fund of an employee, which has been called a retrograde step by experts.

The budget proposals seek to limit the exemption of…

Markets open on a positive note Wednesday morning

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 41,121.51 points and touched a high of 41,276.14. The Sensex touched a low of 41,121.51 points.

On Tuesday the…

Pay hikes in India to fall to decade low in 2020

New Delhi (IANS) A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector -- the top national job generators -- will witness lowest pay hikes in 2020.
…

Indian economic revival likely to be shallow: Moody's

Chennai (IANS) Global credit rating agency Moody's Investor Services on Monday said the Indian economic revival will likely to be shallow.

In its report, 'Coronavirus clouds growth outlook just as the economy showed signs of stabilization',…

Airtel pays Rs 10,000 cr AGR as Govt gets first dues

New Delhi (IANS) The first AGR payment came to government as Airtel on Monday paid Rs 10,000 crore dues to the Department of Telecom (DoT).

The company said it is paying Rs 10,000 crore in compliance with the Supreme Court order.

It…

6-7% LIC stake dilution enough to mop up Rs 90,000 cr: CEA

New Delhi (IANS) The government's Rs 2.1 lakh crore sell-off target is achievable with half of this amount expected to be met through the spill-over deals of Air India, BPCL and Concor and the remaining Rs 90,000 crore through just 6-7 per cent…