Business

January 21, 2018 2:12 AM

ONGC pays Rs 36,915 crore to acquire govt's 51.11% stake in HPCL

Union Government has entered into an agreement with Oil and Natural Gas Corporation Limited on Saturday for the strategic sale of its 51.11 per cent equity share-holding in Hindustan Petroleum Corporation limited for Rs. 36,915 crore. Finance Ministry in a release said, during the review in February...

January 21, 2018 2:10 AM

IMF, World Bank commend RBI

The International Monetary Fund and World Bank have commended the Reserve Bank of India for its remarkable progress in strengthening banking supervision. The IMF and World Bank released two separate Reports of the 2017 India Financial Sector Assessment Programme in December last year in which they s...

January 21, 2018 2:05 AM

Printing of union budget documents 2018-19 begins

The printing of union budget documents 2018-19 started pm on Saturday with the traditional annual Halwa ceremony. Finance Minister Arun Jaitley performed the symbolic Halwa ceremony along with Minister of State for Finance Shiv Pratap Shukla and other senior officials at North Block in New Delhi. AI...

January 21, 2018 2:04 AM

Failure to deposit tax deducted by company will lead to criminal prosecution

Failure to deposit the tax deducted by a company will lead to criminal prosecution with imprisonment from three months to seven years. In a statement, the Principle Chief Commissioner of Income Tax of Delhi, S S Rathore said, the department is very serious about timely depositing of the TDS deducted...

January 21, 2018 12:43 AM

Last date for filing GSTR-3B return for Dec extended to 22nd Jan

The Central Board of Excise and Customs (CBEC) on Saturday said the last date for GSTR-3B return filing for December has been extended by two days to January 22.CBEC said in a tweet on Saturday that the deadline to file the return for December in Form GSTR-3B was January 20 which has been extended u...

January 20, 2018 2:36 PM

TRAI recommends allowing mobile, Internet services during air travel

Telecom Regulatory Authority of India today recommended allowing mobile and Internet services for passengers during air travel in the country through both satellite and terrestrial network. In its recommendation, the authority said, Internet and Mobile Communication on Aircraft service should be per...

January 19, 2018 6:04 PM

Sensex jumps 251 points to close at 35,512

Posting its third straight life-time high, the Sensex at the Bombay Stock Exchange jumped 251 points, or 0.7 percent, to close at 35,512, today. The Nifty at the National Stock Exchange climbed 78 points, or 0.7 percent, to hit another record high of 10,895.

January 19, 2018 2:31 PM

Sensex up by 118 points

The Sensex at the Bombay Stock Exchange was up by 118 points, at 35,378 in the late afternoon today. The Nifty at the National Stock Exchange added 9 points, at 10,826.The rupee rose by 11 paise to 63.79 against the US dollar in afternoon trade at the interbank foreign exchange today.

January 18, 2018 8:36 PM

Sensex and Nifty hit fresh closing highs

Domestic stock markets hit fresh all-time highs today. The Sensex at the Bombay Stock Exchange surged by 178 points to end at new closing peak of 35,260. The Nifty at the National Stock Exchange gained 28.45 points to record 10,817.

January 18, 2018 5:05 PM

India Ratings projects economic growth at 7.1% next fiscal

India Ratings and Research today projected the country's economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices. In its outlook for 2018-19, the agency said there will be a gradual pick up in growth mo...

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