Government decides to imprison corporate heads delaying payments to MSMEs

New Delhi (IANS) Directors of companies delaying payments for supplies made by small businesses will face imprisonment up to six months or pay fines between Rs 25,000 and Rs 3,00,000.

The Ministry of Corporate Affairs has notified new guidelines…

Government approves higher electricity allocation to Jharkhand, Telengana

New Delhi (IANS) The Union Cabinet on Wednesday approved a proposal to allocate 85 percent of electricity generated by NTPC's Telangana Super Thermal Power Project (TSTPP) to the state.

Additionally, the Power Ministry proposal also mandates…

IDBI Bank proposes to change name

Mumbai (IANS) IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders' approval.

According to the lender, its…

Rs 50,000 cr at stake; Sebi clampdown coming on MFs lending against shares to promoters

New Delhi (IANS) Alarmed by the recent Zee episode in which nine mutual funds (MFs) were found to have lent a staggering Rs 7,000 crore to promoters of Zee group and then found themselves unable to liquidate the security of listed shares for fear…

Sensex opens marginally lower

Mumbai (IANS) Amid mixed global cues the Sensex on Monday opened marginally lower as the financials traded in the red.

Banking, finance and auto stock on the BSE declined while the consumer durable stocks gained close to 1.50 percent.

The…

Last hour rebound lift equity indices, Sensex ends 113 pts up

Mumba (IANS) Amidst fears over fiscal slippage, the Indian equity market made gains on Monday as buying picked up in the last hour of the day's trade.

According to analysts, healthy buying in specific stocks along with expectations…

Labelling required if GM content over 1%: FSSAI chief

New Delhi (IANS) Notwithstanding the lobbying from pro-GM crop groups, the Food Safety and Standards Authority of India (FSSAI) has decided to go ahead with labeling packaged food products with over one percent of Genetically Modified ingredients.

CBI arrests PNB manager for corruption

Dehradun (IANS) The Central Bureau of Investigation (CBI) has arrested a senior manager of the Punjab National Bank (PNB) here for allegedly taking a bribe of Rs 40,000 from a cement trader, CBI sources said on Sunday.

Rajkumar,…

Reversing declining trend, GST revenue Rs 1,02,503 cr in January

New Delhi (IANS) Reversing the declining trend of two months, the revenue collection under the Goods and Services Tax (GST) showed a marked improvement in January and stood at Rs 1,02,503 crore, crossing the Rs 1-lakh crore-mark only for the third…

Reversing declining trend, GST revenue Rs 1,02,503 cr in January

New Delhi (IANS) Reversing the declining trend of two months, the revenue collection under the Goods and Services Tax (GST) showed a marked improvement in January and stood at Rs 1,02,503 crore, crossing the Rs 1-lakh crore-mark only for the third…