Business

June 21, 2017 10:08 PM

Govt sells 2.5%stake in Larsen & Toubro , raises Rs 4,200 cr

The government on Wednesday sold its 2.5 per cent stake in Larsen & Toubro to state-run entities, including SBI and LIC, for about Rs 4,200 crore. According to block deals available on stock exchanges, the transaction was done through the Specified Undertaking of the Unit Trust of India. The...

June 21, 2017 9:15 PM

Bank credit up 6.02 %, deposits rise 11.19 % in June 9 fortnight: RBI

According to the data released by RBI, banks' credit growth grew at 6.02 per cent to Rs 76,58,212 crore in the fortnight ended June 9 from Rs 72,22,939 crore in the same period of fiscal 2016. The data showed that the growth in advances in the reporting period was slightly higher than the p...

June 21, 2017 9:13 PM

SEBI decides to ease entry norms for FPIs

Markets regulator Sebi on Wednesday decided to ease the entry norms for overseas investors by permitting a direct access to Foreign Portfolio Investors (FPIs) from eligible jurisdictions. After its board meeting in Mumbai, Sebi Chairman Ajay Tyagi said that the regulator has rationalised "f...

June 21, 2017 7:23 PM

Exporters seek incentives from govt to boost shipments: Commerce Secy

Exporters today sought incentives such as credit at affordable rates from the government with a view to boost India's shipments. The issue was raised and discussed during the meeting of Board of Trade chaired by Commerce and Industry Minister Nirmala Sitharaman in New Delhi. Speaking to med...

June 21, 2017 7:22 PM

GST facilitation cell for implementation of new indirect tax regime

Petroleum and Natural Gas Ministry and and its organizations have established GST facilitation cell to facilitate the implementation of new indirect tax regime for the stakeholders. The cell has been constituted to serve as the first point of contact for industry to facilitate, guide and provide all...

June 21, 2017 6:11 PM

SEBI eases norms for acquisition of stressed assets of listed companies

Capital markets regulator, SEBI on Wednesday relaxed take over norms for acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. SEBI Chairman Ajay Tyagi said this after a board meeting in Mumbai, on Wednesday. SEBI's board...

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