Business

October 27, 2016 5:46 PM

Belgium reaches consensus on EU-Canada free trade agreement

Belgian political leaders have reached a consensus in support of the Ceta trade deal between the European Union and Canada. Prime Minister Charles Michel has said, an agreement was found after the latest round of negotiations with Belgium's French-speaking communities who have held up the d...

October 27, 2016 12:29 PM

Delhi HC dismisses appeal of IHCL against auctioning of Taj Mansingh Hotel

Delhi High Court today dismissed the appeal filed by Indian Hotels Company Ltd (IHCL), which runs the Taj Mansingh Hotel in Delhi, against the auctioning of the property by New Delhi Municipal Council (NDMC). A bench of justice Pradeep Nandrajog and Pratibha Rani said while pronouncing the judgement...

October 27, 2016 11:49 AM

Tata Steel issues clarification, says value of assets were as per norms

Tata Steel today issued a clarification to the Bombay Stock Exchange that its value of assets tested for impairment were as per norms. Tata Steel Ltd said in a statement that its financial statements present a true and fair value of the company. The statement also added that as part of the preparati...

October 27, 2016 9:23 AM

India ranks 130th in World Bank's ease of doing business Index

India has moved a place up but is still 130th in the World Bank's ease of doing business ranking for 2017. The marginal improvement came on the back of slight improvement in four indicators - getting electricity, enforcing contracts, trading across borders and registering property.Governmen...

October 27, 2016 7:57 AM

Accept ?500/1,000 notes only after careful scrutiny: RBI

Reserve Bank of India has urged public to examine 500 rupees and 1000 rupees currency notes before accepting them in the usual course of transactions to avoid circulation of fake currency notes. RBI said, unscrupulous elements are putting into circulation Fake Indian Currency Notes of higher denomin...

October 27, 2016 7:20 AM

BSE, NSE seek clarification from Tata Group on Cyrus Mistry letter

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has sought clarification from various listed companies of Tata Group about purported disclosure by the ousted chairman, Cyrus Mistry about 18-billion dollar possible write-down at these firms. The exchanges have asked Tata Motors, Tata St...

October 26, 2016 8:47 AM

Arun Jaitley launches SMS Alert for salaried tax payers on TDS deductions

Finance Minister Arun Jaitley said better facilities and services to the taxpayers are the key to Direct Tax Reforms. Mr Jaitley was speaking after launching the SMS Alert Service for direct taxes for about 2.5 crore private and Government salaried employees at a function in New Delhi . He said, the...

October 26, 2016 8:45 AM

Fake cheque racket busted; Seven held for duping companies, banks

In Maharashtra, seven people of a gang were arrested for allegedly cheating 150 companies and several banks of lakhs of rupees by creating duplicate cheques and honouring them in fake accounts. Worli Police seized 550 cheques of 62 banks, 19 cheque books and 10 ATM cards from the accused. Police sai...

October 26, 2016 7:49 AM

India ranks 130th in World Bank's ease of doing business Index

India has moved a place up but is still 130th in the World Bank's ease of doing business ranking for 2017. The marginal improvement came on the back of slight improvement in four indicators - getting electricity, enforcing contracts, trading across borders and registering property.Governmen...

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