Mumbai: Market benchmark Sensex on Thursday rose by 169 points on the back of gains in banking and metal stocks amid positive global trends after the US Federal Reserve signalled no change in interest rates throughout next year. After rallying over 300 points in day trade, the 30-share BSE Sensex ended 169.14 points, or 0.42 […]
New Delhi: With states not being paid compensation for loss of revenue from implementation of GST since August, Finance Minister Nirmala Sitharaman on Thursday assured the Centre will honour its commitment but did not say by when the dues will be cleared. States that surrendered powers to collect taxes on goods and services after local […]
New Delhi: In a bid to make the daily commute safer for women in India, ride-hailing giant Uber on Friday launched a new campaign for Uber Auto, which also aims to empower riders with seamless shared mobility solutions. The company also launched an Uber Moto campaign for youth with convenient doorstep pickup to help them […]
Mumbai: India’s benchmark index Sensex traded near its life-time highs on Friday after signs of easing in US and China trade tension. The Sensex hit an intraday high of 41,030.92 — a little over 100 points away from a record high of 41,163.79. Global equities were trading on a firm note on Friday after reports […]
Mumbai: The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank said. The move will aid the payment system become operational on a 24×7 basis. The facility is […]
New Delhi: National auditor CAG has found several cases of non-compliance and escaping of anti-dumping duties besides gaps in export promotion schemes such as the Export Promotion Capital Goods (EPCG) resulting in revenue loss to the exchequer in the financial year 2017-18. While several instances of short-levying or no-levying of anti-dumping duties amounting to Rs […]
New Delhi: The government may bring certain healthcare services under the GST net, touching upon a sensitive area, as it looks to give a leg up to revenue mobilisation hit hard in the ongoing economic slowdown. Official sources said the Finance Ministry, which had deliberations with the state governments on measures to boost GST revenue, is […]
Mumbai: Market benchmark BSE Sensex jumped over 175 points to hit its record high of 41,185.03 in the opening session on Monday tracking global euphoria over the US-China trade deal. After starting significantly higher, the 30-share index pared gains to trade 15.33 points or 0.04 per cent up at 41,025.04. Similarly, the broader Nifty was […]
New Delhi: The online food delivery industry in India is set for a big churn as Uber has reportedly entered advanced stages of talks to sell UberEat’s India business to rival Zomato by the end of this year. According to a TechCrunch report on Monday citing sources, the deal “currently values UberEats’ India business at […]
Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank had acted ahead of time by starting to slash rates in February this year, and hoped the decision to pause the cuts earlier this month will prove to be a right call over time. He also hoped for the US-China truce on trade tariffs, […]
Mumbai: Union Finance minister Nirmala Sitharaman on Monday assured states that the Centre will not “renege” on the promise of GST compensations. The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said. The remarks come at a time when states […]
Bhubaneswar: As earlier announced by Reserve Bank of India (RBI), the National Electronic Funds Transfer (NEFT) has been made available round-the-clock basis from today. With this, customers will be able to transfer money online NEFT process all throughout the day without any restriction. Moreover, NEFT settled over 11.40 lakh transactions between 12:00 am and 8:00 […]
Mumbai: Equity benchmark BSE Sensex rallied over 300 points to hit its lifetime high of 41,262.88 in morning trade on Tuesday led by gains in IT, metal and financial stocks amid positive cues from global equities and sustained foreign fund inflow. After surging 324 points, the 30-share index was trading 292.28 points or 0.71 per […]
New Delhi: Amid talks of the government likely to miss tax collection target this fiscal, the Finance Ministry has set a Rs 1.1 lakh crore monthly GST mop-up target for the remaining four months of 2019-20 financial year, ministry sources said. Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials […]
Mumbai: Sensex and Nifty on Wednesday traded near record levels during the early trade, over favourable global cues and sustained inflow of foreign funds. PC Jewellers fell over 7 per cent on the BSE after market regulator SEBI ordered impounding of alleged unlawful gains of more than Rs 8 crore made by two promoters and […]
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