Petronet may invest $2.5 bn for 20% stake in US gas company

New Delhi (IANS) Country's largest LNG importer Petronet LNG Ltd (PLL) will invest close to $2.5 billion to pick around 20 per cent stake in US natural gas company Tellurians Driftwood project in Louisiana, two sources aware of the deal told IANS.

Health, export key to become $5-tn economy: Niti Aayog VC

New Delhi (IANS) With India aiming to become a $5-trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to focus on making its people healthier, especially at the grassroots, and improve the export of…

Corp tax cut credit positive, raises fiscal risks: Moody's

Mumbai (IANS) Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday.

On September 20, Finance minister Nirmala Sitharaman announced a reduction…

FM announces tax bonanza for corporates, exchequer to take Rs 1.45L cr hit

New Delhi (IANS) In a major bonanza for corporates as part of measures to promote growth and investment, Finance Minister Nirmala Sitharaman on Friday announced to slash corporate tax rate to 22 per cent for domestic companies and 15 per…

Sensex surges over 1,500 pts after corporate tax cut announcement

Mumbai (IANS) BSE Sensex surged over 1,500 points on Friday after the government slashed corporate tax for domestic companies and new domestic manufacturing companies among other measures.

The Nifty50 on the National Stock Exchange also crossed…

Historic trade session ends with Sensex gaining 1,921 pts

Mumbai (IANS) Sensex closed Friday's session with an unprecedented 5.32 per cent advance as Finance Minister Nirmala Sitharaman announced yet another big ticket announcement to kickstart the economy.

Indian benchmark indices logged the…

Sensex slumps 470 points, Yes Bank down 15%

New Delhi (IANS) The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues.

Selling acitivity was witnessed across…

Himachal apples economy comes under the weather

Shimla (IANS) Climate change has literally brought under the weather the Rs 3,500-crore fruit economy of Himachal Pradesh.

Apple growers say their business, which alone constitutes 89 per cent of the total fruit economy, is not as fruitful…

Petrol, diesel prices may shoot up by Rs 5-6 a litre

Mumbai (IANS) Following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre in next fortnight, experts said on Monday.

ED attaches eBIZ.Com's Rs 277 crore assets

New Delhi (IANS) The Enforcement Directorate on Tuesday attached Rs 277.97 crore assets of Noida-based eBIZ.COM Pvt Ltd and others in a "pyramid style" multi-level marketing fraud, the ED said.

The properties attached under the Prevention…