Business

June 20, 2017 6:25 PM

Exporters seek incentives from govt to boost shipments: Commerce Secretary

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 20, 2017 2:57 PM

Sensex up by 6 points to 31,318

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange gave up most of its initial gains, and climbed a marginal 6 points to 31,318, a short while ago.The Nifty at the National Stock Exchange was flat at 9,658.And at the foreign exchange market, the rupee weakened 3 ...

June 20, 2017 1:29 PM

Sensex turns almost flat in late morning trade <br/>

Trimming its initial gains, the Sensex at the Bombay Stock Exchange turned almost flat in late morning trade today. The 30-share index, which had opened 80 points in the green, was trading just 24 points up at 31,335, a short while ago.The Nifty at the National Stock Exchange was trading 10 points i...

June 20, 2017 7:58 AM

Nirmala Sitharaman to chair BoT meet in New Delhi today

Commerce and Industry Minister Nirmala Sitharaman will chair the meeting of 70-member Board of Trade, BoT, in New Delhi today to discuss ways to boost exports.The meeting assumes significance as the ministry is reviewing the foreign trade policy, 2015-20, which is expected to be released by the end ...

June 19, 2017 9:39 PM

CBDT notifies secondary adjustment rule in transfer pricing

The Income Tax Department has come out with rules for operationalising the provisions of secondary adjustment in books of accounts to reflect actual allocation of profits between a company and its arm. According to an official release,It prescribes the time limit for repatriation of excess money and...

June 18, 2017 6:58 PM

Bankers to meet tomorrow to decide on large defaulters

The leading bankers are planning a meeting from Monday to discuss on their next course of action on bad loans accounts for referral to National Company Law Tribunal. The bankers will meet to discuss on the six of the 12 bad loan accounts named by RBI as the largest defaulters last week to face bankr...

June 18, 2017 4:53 PM

Bankers to meet tomorrow to decide on large defaulters

Bankers are meeting from tomorrow in Mumbai to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to National Company Law Tribunal, NCLT, after the RBI named the largest defaulters to face bankruptcy proceedings.Quoting a banker PTI said, the first set of ...

June 17, 2017 4:57 PM

Black money: Switzerland ratifies automatic exchange of information with India

Switzerland has ratified automatic exchange of information(AEOI) sharing with India and 40 other countries to facilitate immediate sharing of details about suspected black money. It, however, sought strict adherence to confidentiality and data security laws. The Swiss Federal Council, the country&am...

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