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IL&FS did not disclose NPAs for 4 years: RBI

IL&FS did not disclose NPAs for 4 years: RBI

21-08-2019  comments

New Delhi (IANS) The IL&FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report.

The report is based on inspection of IL&FS and IFIN and this has been conveyed by the…

Sensex, Nifty flat, Yes Bank down 3%

Sensex, Nifty flat, Yes Bank down 3%

21-08-2019  comments

Mumbai (IANS) The Sensex and Nifty on Wednesday traded on a flat note awaiting a stimulus package from the Union government.

The Sensex opened slightly lower at 37,298.73 from its Tuesday's close of 37,328.01.

At 10.07 a.m., the…

Sebi eases rules for FPIs, amends norms for rating agencies

Sebi eases rules for FPIs, amends norms for rating agencies

21-08-2019  comments

Mumbai (IANS) Market regulator Sebi on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for the multiple investment manager structure…

Broadcasters wary of TRAI decision on review pricing

Broadcasters wary of TRAI decision on review pricing

20-08-2019  comments

New Delhi (IANS) Broadcasters have raised concerns over the Telecom Regulatory Authority of Indias (TRAI) decision to review the issue of pricing, barely eight months after implementing the new tariff order.

They fear that the intrusive…

All PMAY houses to be sanctioned by March 2020

All PMAY houses to be sanctioned by March 2020

20-08-2019  comments

New Delhi (IANS) The government would sanction all the targeted 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by March 2020, said Union Minister for Housing and Urban Affairs Hardeep Singh Puri at the 15th annual convention of the…

Entrepreneurial woes: Ease of doing business, not that easy

Entrepreneurial woes: Ease of doing business, not that easy

19-08-2019  comments

New Delhi (IANS) In most cases it takes a tragedy to bring the worlds focus to a plight prevailing for long, the same happened with V.G. Siddharthas death, as it brought to light the dark side of the Indian entrepreneurial environment.

Although…

Sensex up 73 pts, Nifty above 11,000

Sensex up 73 pts, Nifty above 11,000

19-08-2019  comments

Mumbai (IANS) The Sensex on Monday opened slightly higher over gains by finance and banking stocks.

At 9.32 a.m., the benchmark Sensex was trading 73.45 points or 0.20 per cent higher at 37,423.78.

It opened at 37,485.92, higher from…

Experts' hope high from direct tax code

Experts' hope high from direct tax code

19-08-2019  comments

New Delhi (IANS) With the direct tax code (DTC) being in the works for years and report of the task force expected anytime now, tax experts hope the new draft law would ease the compliance burden and reduce future litigations by incorporating orders…

Amid slowdown, RBI Governor hints at softer approach on rates

Amid slowdown, RBI Governor hints at softer approach on rates

19-08-2019  comments

Mumbai (IANS) Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges.

In his inaugural…

IndiGo, SpiceJet to shift Delhi operations to T3 from T2

IndiGo, SpiceJet to shift Delhi operations to T3 from T2

19-08-2019  comments

New Delhi (IANS) Low-cost carriers SpiceJet and IndiGo would shift their operations to the Indira Gandhi International Airport's T3 from T2 from September 5.

While SpiceJet would shift its entire operations, largest private carrier IndiGo…

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