Service rendered by govt, not its agency, only exempt from GST

New Delhi (IANS) Private and public sector agencies providing goods and services and collecting charges from clients on behalf of the government will not be exempt from paying GST and have to pay the tax at applicable rates, the Telangana Authority…

Don't let cost of energy outstrip consumers' paying capacity: Puri

New Delhi (IANS) Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that unless the prices of crude oil are maintained at sustainable levels, it will severely impact the green shoots of global economic recovery.

In his…

Insurance sector M&A to boost IRDAI's revenue

Chennai (IANS) Whether the insurance mergers and acquisitions (M&A) benefits the acquiring company or not, it certainly boosts up the revenue of Insurance Regulatory and Development Authority of India (IRDAI), said a senior official.

For the…

Fuel prices on a roll, hiked again by 35 paise/litre

New Delhi (IANS) Petrol and diesel prices rallied to their highest ever levels across the country, as fuel rates were hiked again for the third consecutive day on Friday.

Accordingly, the pump price of petrol in Delhi rose by 35 paise to its…

Winging abroad: AirAsia India expected to soon get international flying permit

New Delhi (IANS) with AirAsia India getting close to obtaining international flying rights, conglomerate Tata Sons, will in the near future, have four airlines with permits for overseas operations.

At present, only Vistara operates on international…

HDFC Life closes first half with lower PAT of Rs 577 cr

Chennai (IANS) Private insurance major HDFC Life Insurance Company Ltd closed the first half of the current fiscal with a net profit of about Rs 577 crore, down from Rs 777 crore logged during the previous year corresponding period, MD and CEO Vibha…

Markets open on a positive note on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning trade.

The Sensex of the BSE opened at 61,800.07 points and touched a high of 61,876.38 points. The Sensex touched a low of 61,489.69…

High valuations, inflationary concerns subdue market

Mumbai (IANS) High valuations coupled with inflationary concerns and mixed global cues pulled India's key equity indices into the red on Wednesday.

Accordingly, premium valuations triggered profit booking. This along with high crude oil…

Only India, two others defy housing price rise in 60 countries surveyed by IMF

New York (IANS) While most economic indicators deteriorated in 2020, house prices largely defied the pandemic in over 57 of the 60 countries surveyed by the International Monetary Fund.

India, Philippines and the UAE bucked the housing bite…

Moody's revises outlook for Indian banking system to stable from negative

Mumbai (IANS) Moody's has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment…