Business
Firms with annual income upto Rs 2cr could get GST return relief

Firms with annual income upto Rs 2cr could get GST return relief

12-09-2019  comments

New Delhi (IANS) The all-powerful GST Council is set to discuss a proposal to exempt small businesses with an annual turnover of less than Rs 2 crore from filing annual returns.

Senior officials said that despite three extensions for filing…

Rains damage Goa runway, Navy defends regulated shutdown

Rains damage Goa runway, Navy defends regulated shutdown

11-09-2019  comments

Panaji (IANS) Heavy rains have deteriorated the runway at Goa's Dabolim international airport and the proposed shut down of the runway from November 2, for six hours every Saturday for its maintenance, was expected to prevent any further deterioration,…

Centre proposes to cut stake in select firms to under 51%

Centre proposes to cut stake in select firms to under 51%

11-09-2019  comments

New Delhi (IANS) The government proposes to offload substantial stake in at least 10 blue chip companies this year to meet its higher disinvestment target, even though the exercise will bring down its holding in these state-run firms to below 51 per…

FM set to list actions of 100-days amid low macro stats

FM set to list actions of 100-days amid low macro stats

10-09-2019  comments

Chennai (IANS) Amid the economic slowdown plunging August sales of automobiles to the lowest since 1997-98 indicating further worsening of demand and investment, Finance Minister Nirmala Sitharaman will elaborate on the decisions and initiatives taken…

Shah-led GoM to take call on Air India reserve price, debt

Shah-led GoM to take call on Air India reserve price, debt

10-09-2019  comments

New Delhi (IANS) Going whole hog to sell Air India this time after the Modi 1.0 government's failed bid, the group of ministers (GoM) led by Union Home Minister Amit Shah is expected to decide the reserve price of the national carrier and dealing…

Reverse Gear: August auto sales slump 23.55%

Reverse Gear: August auto sales slump 23.55%

09-09-2019  comments

New Delhi (IANS) The slump in domestic automobile sector continued unabated in August as the overall sectoral off-take plunged 23.55 per cent.

The industry which is suffering from high GST rate and lack of adequate liquidity…

SBI reduces MCLR, fixed deposit rates

SBI reduces MCLR, fixed deposit rates

09-09-2019  comments

Mumbai (IANS) The State Bank of India (SBI) here on Monday announced reduction in the marginal cost of lending rate (MCLR), the fifth in FY20, for loans across tenors.

The country's largest bank will reduce interest rates…

Insolvency proceedings start against Raheja Builders

Insolvency proceedings start against Raheja Builders

08-09-2019  comments

New Delhi (IANS) The National Company Law Tribunal (NCLT) has begun insolvency proceeding against the real estate firm Raheja Developers. As a part of the process, a public notice has been issued informing creditors to submit their claims against…

Zomato lays off 541 staffers, says blame it on automation

Zomato lays off 541 staffers, says blame it on automation

07-09-2019  comments

New Delhi (IANS) Food delivery platform Zomato on Saturday said that it has laid off 541 people -- 10 per cent of the company's strength -- across customer, merchant and delivery partner support teams.

The reason behind…

Sensex opens 140 points up on positive global cues

Sensex opens 140 points up on positive global cues

06-09-2019  comments

Mumbai (IANS) Indian stocks opened higher on Friday in line with gains in the global markets over hopes of a trade truce between US and China.

The US and China, involved in an expensive trade war, are scheduled to resume talks next month.

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