Business
NCLAT Orders Review of McDonald's-Vikram Bakshi Settlement over Violation of Debt Recovery Tribunal Order
A two-member NCLAT bench headed by Chairperson Justice SJ Mukhopadhaya also asked Bakshi not to leave the country without its permission.
Urban Inflation Rising Due to Eggs and Milk Products, Says RBI Chief Shaktikanta Das
Core consumer price index (CPI) inflation data released earlier this month stated that the all-India general CPI inflation was nearly steady at 3.21 per cent in August 2019, compared to 3.15 per cent in June 2019.
FPIs Turn Net Buyers, Infuse Rs 1,841 Crore in First Half of September
The latest inflows have been triggered by improving investor sentiment on the back of easing US-China trade war and supporting macroeconomic data, experts said.
Buying Homes to Get Cheaper For Govt Employees as FM Reduces Interest on House-Building Advance
House-building advance is available to central and state government employees for constructing a new house on a plot owned by the employee or jointly with the spouse. The scheme can also be availed while buying a new house or flat.
95% Indian Employees Think They Could Do Their Boss's Job Better: Survey
Millennial (73 %) and Gen Z (70%) employees are most confident they could do their boss's job better, according to the Workforce Institute at Kronos Incorporated and Future Workplace survey.
Millennials Opting for Ola & Uber Not Big Factor in Auto Slowdown, Says Maruti Suzuki Official
Maruti Suzuki Executive Director Shashank Srivastava said that the ownership pattern in India still has not changed and people purchase cars with an 'aspirational aspect'.
Telecom Dept Asks BSNL, MTNL to Recall Staff Working in Its Offices Without Sanction
Saddled with past claims and HR-related bills from the two cash-strapped firms, DoT has now shot-off letters to the two ailing corporations asking them to withdraw such employees.
Rupee Rises 14 Paise to 71.58 Against US Dollar in Early Trade
At the interbank foreign exchange the rupee opened at 71.72, then gained further ground and touched a high of 71.58, registering a rise of 14 paise over its previous close.
Oil Companies Flag Roadblocks in Rationalising Taxes on Jet Fuel
The Ministry of Civil Aviation had formed a committee to develop a direct-billing mechanism between airline companies and airport operators so that these multiple taxes can be removed.
Sensex Drops 80 Points as Banking, IT Stocks Suffer Losses
After rising over 174 points in early session, the 30-share index failed to sustain the momentum and gave up all gains to end 80.32 points, or 0.22 per cent, lower at 36,644.42.
RBI Makes it Mandatory for Banks to Link Retail Loans with External Benchmarks from October 1
The interest rate under the external benchmark shall be reset at least once in three months, the Reserve Bank of India said.
L&T Construction Bags Order for Navi Mumbai International Airport
The company did not provide value of the contracts but said the orders fall under 'major' category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts.
India Inc's Foreign Borrowings More Than Double to USD 4.98 Bn in July: RBI
Larsen & Toubro and HPCL-Mittal Energy raised USD 150 million and USD 125 million, respectively for rupee expenditure.
CNG Price in Delhi & NCR Hiked For Third Time Since April After Appreciation of Dollar
The new consumer price will be Rs 47.10 per kg in Delhi and Rs 53.50 per kg in Noida, Greater Noida and Ghaziabad. The price of CNG sold to automobiles in Gurugram and Rewari would be Rs 58.95 per kg and in Karnal it would be Rs 55.95
Vodafone Idea Denies Reports of Exiting Six Telecom Circles After Dip in Revenue
A recent Bank of America Merril Lynch report said it believed Vodafone Idea Ltd would exit the six circles in C-Circle where it has been continuously losing revenue market share with a share below 20 percent.
2% TDS on Cash Withdrawals of Over Rs 1 Crore from Sept 1: Tax dept
The CBDT further said that if a person has already withdrawn Rs 1 crore or more in cash up to August 31, 2019, in the current fiscal, the two per cent TDS shall apply on all subsequent cash withdrawals.