Business
Taxpayers worried over GST red-flag reports

Taxpayers worried over GST red-flag reports

24-11-2019  comments

New Delhi (IANS) Many GST taxpayers, especially small firms, are a worried lot these days with authorities sending system-generated red flags in their online return forms.

A Delhi-based GST practitioner said that taxpayers are given very little…

RBI enhances scope of non-resident rupee accounts

RBI enhances scope of non-resident rupee accounts

23-11-2019  comments

Mumbai (IANS) To popularise cross-border transactions in Indian rupee, the Reserve Bank has enhanced the scope of 'Special Non-resident Rupee' (SNRR) by allowing persons residing outside India to open such accounts for purposes like external…

Equity indices trade marginally lower

Equity indices trade marginally lower

22-11-2019  comments

Mumbai (IANS) The key Indian equity indices opened on a flat note on Friday before trading marginally lower.

At 9.38 a.m., the BSE Sensex traded at 40,530.81, lower by 44.36 points or 0.11 per cent from the previous close of 40,575.17 points.…

Govt invites bids for BPCL, Concor strategic sale

Govt invites bids for BPCL, Concor strategic sale

22-11-2019  comments

New Delhi (IANS) Pacing up the disinvestment calendar to meet a daunting target by March 31, DIPAM on Friday issued 15 Request For Proposals, including those for strategic disinvestment of BPCL, and also for partial divestment of government's…

Sony Corp in talks to buy stake in Network 18

Sony Corp in talks to buy stake in Network 18

21-11-2019  comments

New Delhi (IANS) Sony Corp is said to be in talks to buy stake in Reliance Industries (RIL) promoted Network18 Media and Investments Ltd.

According to a Bloomberg report, the Japanese major is in talks to acquire a stake in the Indian television…

Sensex near life-time high, Nifty above 12K

Sensex near life-time high, Nifty above 12K

21-11-2019  comments

Mumbai (IANS) Markets traded near-record levels on Thursday after opening in the green.

The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45.

Telecom stocks…

DoT advisory to telcos on sharing In-building telecom infrastructure

DoT advisory to telcos on sharing In-building telecom infrastructure

20-11-2019  comments

New Delhi (IANS) The Telecom Ministry has asked all operators to share among themselves in-building infrastructure in all government and public buildings airports, railway stations, bus terminals and likewise to boost competition and more importantly…

Govt mulling converting India Post Bank to small fin bank

Govt mulling converting India Post Bank to small fin bank

20-11-2019  comments

New Delhi (IANS) The government on Wednesday told Lok Sabha that it is exploring the possibility of converting India Post and Payments Bank into a small finance bank.

"Possibilities of converting it (IPPB) into a small finance bank is being…

Scrap deposit insurance: AIBEA tells FM

Scrap deposit insurance: AIBEA tells FM

19-11-2019  comments

Chennai (IANS) Even as the government is mulling increasing the insurance cover for bank deposits, the All India Bank Employees' Association (AIBEA) has demanded to scrap of such insurance cover for public sector bank deposits.

In a letter…

15 foreign banks keen to open branches in India

15 foreign banks keen to open branches in India

19-11-2019  comments

New Delhi (IANS) India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country.

As per RBI…

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