Business
Higher taxes for foreign investors from April 1

Higher taxes for foreign investors from April 1

23-03-2019  comments

Mumbai (IANS) Changes in the SEBI listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1.

The changes…

Sensex up 116 pts, Nifty above 11,550 mark

Sensex up 116 pts, Nifty above 11,550 mark

22-03-2019  comments

Mumbai (IANS) The Sensex and Nifty opened higher on Friday following firm Asian markets along with gains in the pivotal banking stocks.

Sentiments continued to be upbeat on Friday over sustained inflows of foreign funds which has supported…

BoB-Dena-Vijaya Bank to be injected with Rs 5K cr

BoB-Dena-Vijaya Bank to be injected with Rs 5K cr

22-03-2019  comments

New Delhi (IANS) The Bank of Baroda may get Rs 5,000 capital infusion from the Finance Ministry ahead of its united operations as a merged entity along with the Vijaya Bank and Dena Bank from April 1.

In February, the government approved Rs…

Government exceeds disinvestment target in FY19

Government exceeds disinvestment target in FY19

22-03-2019  comments

New Delhi (IANS) Finance Minister Arun Jaitley on Friday said the government has achieved disinvestment of Rs 85,000 crore in the current fiscal, which is Rs 5,000 crore more than the set target for 2018-19, belying widespread expectations of…

Lenders to take over Jet Airways: Ministry sources

Lenders to take over Jet Airways: Ministry sources

22-03-2019  comments

New Delhi (IANS) Lenders of cash-strapped Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state before selling it to new promoters, a senior Finance Ministry…

Government enters cockpit to curb air fare hike

Government enters cockpit to curb air fare hike

21-03-2019  comments

New Delhi (IANS) The government on Wednesday said it was working with the airlines to increase capacity across sectors to keep a check on spiraling airfares.

"To ensure passenger convenience, stable operations, and affordable…

India is key focus area, 3D printers next big thing

India is key focus area, 3D printers next big thing

20-03-2019  comments

Houston (IANS) India is a very attractive market with high brand recognition for a computer hardware producer like Hewlett Packard, said HP Inc's President for Asia Pacific and Japan, Tian Chong Ng.

The Asia Pacific region --…

'Rating IDBI Bank as private is against public interest'

'Rating IDBI Bank as private is against public interest'

20-03-2019  comments

Chennai (IANS) The All India Bank Employees' Association (AIBEA) has demanded the Reserve Bank of India (RBI) to reconsider its decision to categorise IDBI Bank as a private entity.

In a letter to the RBI on Wednesday, AIBEA's…

5G reserve price: TRAI says industry consulted

5G reserve price: TRAI says industry consulted

20-03-2019  comments

New Delhi (IANS) TRAI chairman R.S. Sharma on Wednesday put the ball back into the operators' court after they complained that the 5G spectrum reserve prices were higher, saying the operators were consulted over the base price and the government…

Emergency meeting on Jet's aircraft grounding, future

Emergency meeting on Jet's aircraft grounding, future

19-03-2019  comments

New Delhi (IANS) Union Civil Aviation Minister Suresh Prabhu on Tuesday directed senior officials to hold an emergency meeting on the grounding of flights by Jet Airways.

The Minister for Commerce and Industry and Civil Aviation tweeted:…

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