Latest News
- MSMEs crucial to make India a $5 trillion economy: Sarbananda Sonowal
- SoftBank executives discuss trimming WeWork offer
- Trump impeachment hearings highlight immigrants’ stories
- National Milk Day and the man who made it possible
- Jharkhand polls: Congress releases final list of 3 candidates
- Three Jharkhand cops killed in Naxal attack
- Bhushan Power and Steel Limited former CMD arrested by Enforcement Directorate
- L&T Valves secures Green Channel Status
- SC asks environmentalist to respond to Centre's report on construction at Agra airport near Taj Mahal
Latest Business News
Refresh- MSMEs crucial to make India a $5 trillion economy: Sarbananda Sonowal
Inaugurating a two day North East MSME summit, Sonowal said that considering MSME sector, being the prime drivers of growth with equity and their contribution to output and employment in all economies, developed as well as transition, they can play key role in making India’s economy one of the biggest in the world.
- India courts private hospitals to boost Modicare
India is offering incentives to private hospitals to boost Modicare, the world’s biggest government health program.
- Rembrandt’s genius was no overnight success
Rembrandt van Rijn was born in Leiden in 1606, the youngest son of a local miller.
- SoftBank executives discuss trimming WeWork offer
The discussions at SoftBank center around shrinking a $3 billion tender offer for WeWork shares owned by founders, employees and investors, according to people with knowledge of the talks. Such a move would be designed, at least in part, to limit the amount paid to co-founder Adam Neumann, said the people, who requested anonymity because the matter is private.
- Trump impeachment hearings highlight immigrants’ stories
Several witnesses who testified in the House impeachment inquiry this week chose to highlight their immigrant backgrounds, sharing their families’ stories in highly personal opening statements. Their stories offered a sharp counterpoint to President Donald Trump, who has often derided immigrants as a threat to the national security of the United States.
- National Milk Day and the man who made it possible
The Milk Day was fixed in 2014 when the National Dairy Development Board (NDDB), the Indian Dairy Association (IDA), along with 22 state level milk federations agreed on this date to commemorate the birthday of Dr. Verghese Kurien, the father of India’s White Revolution. It was a testament to the impact one man has made on the milk supply of a country.
- RBI mulling new rules on corporate governance; wants banks to disclose more
"When things are delayed, it only continues to fester in the system, " N S Vishwanathan said.
- Facebook agrees to provide additional documents by Nov 26
Under a joint stipulation filed in San Francisco Superior Court this week, Facebook agreed by November 26 to respond to some of the document requests. It also agreed to a schedule to provide additional documents in December and January. FB also faces an investigation by 47 US states and territories over concerns the company engaged in anti-competitive practices.
- Jharkhand polls: Congress releases final list of 3 candidates
Congress president Sonia Gandhi approved the candidature of Yogendra Baitha from Simaria (SC) seat, Basudev Verma from Bagodar, and Sweta Singh from Bokaro replacing Sanjay Singh, a party statement said. With this, the Congress has named candidates on the 31 seats it is contesting in the polls to the 81-member Assembly.
- Will work with gems, jewellery industry on import duty demand: Piyush Goyal
"I think it is important that we have a dialogue and I am also working to support the industry request on the duty structure of gold, other precious stones and diamonds, so that we can bring back a lot more business which is possibly gone out of the country and bring that back to India," he said here.
- NGT seeks report on carcasses of migratory birds at Sambhar lake
- New energy label norms: Five-star refrigerators to cost Rs 6,000 more, says CEAMA
The new energy labelling norms may make manufacturing of five-star fridges costlier by up to Rs 6,000.
- Three Jharkhand cops killed in Naxal attack
The Maoists are reported to have sprung a surprise attack on the personnel. Three police personnel, including a Sub-Inspector rank official, have been killed while one has been injured, they said. Some home guard personnel are also reported to be in the casualty list.
- Tax department launches web portal for exchange of information
Information is reported annually by financial institutions which are then exchanged by India under the standard. The web portal will be a repository of policy and technical circulars, guidance and notifications issued by the CBDT, and provide links to relevant circulars and guidance issued by the regulatory authorities and other international bodies.
- Rupee firms up 5 paise at 71.21 vs US dollar
On a weekly basis, the Indian currency gained 7 paise.
- NSE to introduce trading in interest rate options from Dec 9
Rival bourse BSE launched trading in interest rate options based on government securities in August.
- BMW studying possibility of launching electric cars under Mini brand in India
This comes at a time when a number of automakers are considering bringing electric vehicles (EVs) they sell in global markets to India, while Indian automakers are getting ready with their own range of EVs. BMW’s British brand showcased in July its first EV, the Mini Cooper SE for the global market with a starting price of $29,900 (Rs 21.5 lakh, approx.).
- YES Bank sells over 13 lakh shares of Reliance Capital
On the NSE, shares of Reliance Capital Ltd ended 4.96 per cent lower at Rs 16.3.
- Jaypee Infra insolvency: Lenders to meet on Nov 28 for further discussions on NBCC, Suraksha bids
NBCC and Suraksha might be asked to submit their final plans after the next CoC meet on November 28 and voting process could be conducted before December 10. As many as 13 banks and over 23,000 homebuyers have voting rights in the CoC. Buyers have nearly 60 per cent votes. For a bid to be approved, 66 per cent votes are required.
- Forex reserve rises by $441 million to lifetime high of $448.2 billion
During the week, gold reserves decreased by USD 200 million to USD 26.709 billion, it said.
- Bhushan Power and Steel Limited former CMD arrested by Enforcement Directorate
“BPSL had devised a peculiar modus operandi to siphon funds obtained as loans from various banks/financial institutions,” the ED said. “Singals did not use the bank funds for the purpose for which the same were sanctioned, committed forgery and falsified accounts, causing wrongful loss to the lending banks.”
- Care downgrades rating on Vodafone Idea's long-term bank facilities, NCDs
The downgrade is on account of significant erosion in the overall risk profile of the company.
- SBI raises Rs 3,814 crore via perpetual bonds
The issue will bear coupon rate of 8.50 per cent with call option after 5 years or any anniversary date thereafter.
- DHFL postpones release of financial results
DHFL was scheduled to announce its financial result on November 25.
- L&T Valves secures Green Channel Status
Rear Admiral A George, Additional Director General, Quality Assurance (Warship Projects) formally awarded the ‘Green Channel Status’ to L&T Valves during the QA Industry Conclave (South Zone) in Chennai on Friday. The wholly-owned subsidiary was accorded the status after stringent audits of its production facilities, quality systems and products carried out by DGQA.
- Rs 809 crore allocated to repair 4,861 railway bridges: Piyush Goyal
He said, all the bridges are inspected twice a year, first before the onset of monsoon and secondly detailed inspection after the monsoon by the designated officials and repair or strengthening or rehabilitation or rebuilding of railway bridges is a continuous process and is undertaken whenever so warranted by their physical condition.
- Technology is disruptive, but it is also an enabler: Brokerages
Brokers are not getting money out of transaction business, says Ashishkumar Chauhan.
- Best time to invest in credit risk funds, says Nimesh Shah
When everybody is cautious could be the best time to invest in credit risk funds, says Shah.
- SC asks environmentalist to respond to Centre's report on construction at Agra airport near Taj Mahal
A bench comprising Chief Justice S A Bobde and Justice B R Gavai was hearing several interim applications filed in the pending PIL of Mehta and one of them pertained to construction of civil enclave falling under the Taj Trapezium Zone (TTZ), an "eco-sensitive area" having four world heritage sites including Taj Mahal.
- Bharti Airtel and Vodafone Idea move SC, seek review of certain directions on AGR
Bharti Airtel and Vodafone Idea has moves SC seeking review of certain directions of the AGR ruling.
- China wants US trade deal but 'not afraid' to fight: Xi Jinping
It is rare for Xi Jinping to speak so directly about the trade war and his comments come two days after Donald Trump complained that Beijing had not made sufficient concessions so far, making him reluctant to conclude a bargain. Trump on October 11 announced a "phase one" deal resolving important US grievances about Chinese trade and currency practices.
- Asset allocation a sure shot way of making money: S Naren
At the end of the day, you can't control greed and fear. No one knows the top, says Naren.
- Rajnath Singh calls for increased synergy between DRDO, domestic defence industry
Addressing the DRDO Industry Synergy Summit 2019 at Hyderabad through video conferencing, Rajnath Singh said defence public sector units (DPSUs), industry, research institutes and armed forces need to work in tandem to achieve the target of incorporating at least 25 artificial intelligence based products into defence in near future.
- Trump says will stick with Vice President Pence as 2020 running mate
"He's my guy, he's my friend," Trump said in an interview with Fox News Channel's "Fox & Friends." He said former U.S. ambassador to the United Nations Nikki Haley "would be great," but that Pence has done a "phenomenal job."
- India Game Developer Conference kick-starts in Hyderabad
Held as part of Indiajoy 2019, the premier gaming, media and entertainment event is being hosted in partnership with Green Gold Animation. IGDC hopes to redefine the way gaming is perceived in the region and nurture a community without barriers.
- BSNL vendors seek DoT intervention over Rs 1,600 crore dues linked to Bharat Net 2
The companies that have approached the DoT flagging their concerns on pending dues include Sterlite, Tejas, Paramount Wires And Cables Ltd (PWCL), Aksh Optifibre, Finolex among others, and the dues run into Rs 1,600 crore, said Sandeep Aggarwal, Managing Director of Paramount Communications.
- Finance panel chief NK Singh blasts frequent tinkering with GST rates
Finance commission chairman NK Singh also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog, which as of now does not have any powers to take financial decisions. The comments come amidst concerns about the continuous fall in GST collection.
- Government raises concern over fake invoicing in B2B trade impacting GST collections
"It is not only the government, it is also the industry which also has to play an important role. In GST, we are seeing a lot of fake invoicing and it is from business to business," Thakur said at the annual session of Consumer Electronics and Appliances Manufacturers Association.
- At Rs 82/kg, wholesale onion prices hit record high levels in Maharashtra
The highest price of onion, normally fetched by only a few quintal onions, was Rs 82 per kg at Pimpalgaon Agricultural Produce Market Committee (APMC), India’s largest onion market. The lowest price of the day for good quality onion was Rs 45 per kg while it was Rs 22 per kg for inferior quality, rain damaged onion.
- NK Singh calls for further simplification of the GST structure
The veteran policy advisor said that though GST was introduced in a record time, the next level would be to simplify the structure and minimise the cost compliance.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
