FM announces new measures to boost exports

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Saturday introduced RoDTEP - Remission Of Duties for Export Products - to replace the existing Merchandise Exports From India Scheme (MEIS).

Revenue foregone as a result of RoDTEP implementation…

Yes Bank promoters seek probe against short sellers hammering the stock

Mumbai (IANS) Yes Capital and Morgan Credit have written to the Surveillance and Investigation Department, National Stock Exchange, asking them to investigative and act against rumours spread against Yes Bank, causing damage to share value and opening…

Sensex opens 70 points higher, Nifty above 11,000

Mumbai (IANS) Sensex and Nifty opened marginally higher on Friday.

At 9.40 a.m., the Sensex was up 69.95 points higher at 37,174.23. It opened at 37,175.86, from its previous close of 37,104.28.

The Nifty was up 18.70 points higher at…

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

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…

India must get back to 19-20% export growth: Piyush Goyal

New Delhi (IANS) Union Commerce Minister Piyush Goyal on Thursday said India must try to bring back the 19-20 per cent export growth to be able to reach the 5 trillion dollar economy mark as envisaged by Prime Minister Narendra Modi.

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

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…

Rains damage Goa runway, Navy defends regulated shutdown

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,…

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

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…

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

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…

SBI reduces MCLR, fixed deposit rates

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…