Business
Union Budget 2018: Tax Free Rs 20 Lakh Gratuity For Employees May be a Reality Soon
At present, formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job or at time of superannuation.
Forex Reserves Scale New High of $411.124 Billion
The reserves had crossed the $400-billion mark for the first time in the week to September 8, 2017 but had since been fluctuating.
TCS Shares Fall Nearly 2% After Q3 Results
Despite opening on a positive note, the stock failed to hold on the momentum and lost 1.59 per cent to Rs 2,744 as the trade progressed on BSE
GAIL to Focus on Pipelines, Marketing Can be Done by Anyone: Dharmendra Pradhan
Refusing to confirm or deny reports of government mulling splitting GAIL into two, Oil Minister Dharmendra Pradhan on Tuesday said creating infrastructure to take environment friendly natural gas to uncovered parts, particularly eastern India, is a priori...
Rural Economy, Monsoons to Boost FMCG Companies in 2018: Report
With a few state elections and expected populist budget, the rural sector is anticipated to be prime beneficiary. This, coupled with improving macros and good monsoon after two consecutive droughts, also augur well, said the report on the consumer good se...
On Way to Insolvency, Distressed Firms Scouting for Fronts
Around 500 corporates have been admitted for resolution and about 100 companies have commenced voluntary liquidation under the Insolvency and Bankruptcy Code (IBC), which is a little over a year old.
Capping Airfares Would Raise Prices for 99% Passengers, Says Govt
A report tabled in Parliament recently recommended fixing an upper limit on air tickets as well as levying not more than 50 per of the base fare as cancellation charges.
Higher NPA Provisioning to Impact Banks in 2018/19: Moody's Investors Service
Besides, gross non-performing assets (NPAs) could peak in current fiscal, but elevated levels of provisioning on these NPAs will continue to negatively affect the banks during fiscals 2018 and 2019, Moody's Indian affiliate ICRA said.
Rupee Climbs to Two-and-Half Year High Against US Dollar
The 'feel good' factor and the relative political stability improved the perception about India's economic growth prospects among foreign investors.
Rupee Starts 2018 on a Better Note, up 5 Paise Against Dollar
At the Interbank Foreign Exchange, the rupee was trading higher by 5 paise against the previous close of 63.82. It opened higher by two paise at 63.85 and touched a high of 63.81 in early trade.
New Home Launches Dip 35% in 2017; Supply of Low-cost Homes Up
Eight cities -- NCR, Mumbai, Chennai, Kolkata, Bengaluru, Ahmedabad, Pune and Hyderabad -- recorded decline in new home launches in the range of 8 percent to 52 percent, mainly on account of implementation of real estate regulatory law RERA under which al...
Investor Wealth Surges by Rs 45.50 Lakh Crore in 2017
Led by the strong show in the stock market, the market capitalisation of BSE-listed companies soared by Rs 45,50,867 crore to Rs 1,51,73,867 crore (USD 2.3 trillion) this year.
Maharaja in Debt: Air India Owes Rs. 51,890 Crore in Outstanding Loans
In 2013-14, Air India made losses worth Rs. 6,279.60 crore. The loss figure came down to Rs. Rs. 5,859.91 crore in 2014-15 and further down to Rs. 3836.77 crore in 2015-16. In 2016-17, the figure marginally dropped to Rs. 3643 crore in 2016-17.
DoT Suggests Cutting GST on Telecom Services to 12%: Manoj Sinha
TRAI felt that a favourable consideration of the matter would help reduce financial stress of telecom players and enable them to offer affordable and quality services to consumers.
Oil Prices Cross $65/Barrel, Near June 2015 High After Cuts by OPEC
The production cuts come amid healthy global demand, which many analysts expect to hit 100 million barrels per day (bpd) for the first time at some point next year or in 2019.
Rupee Marginally up, Trades at 64.02
Exporters and banks stayed away from the American currency as capital inflows jumped.
