Business
Objective of Kick-starting Growth Not Addressed Effectively in Budget: Ex-Finance Secy Subhash Garg
Garg said in the broadest sense, the expenditure proposals of Budget 2020-21 present more of consolidation in the face of deteriorating economic and fiscal situation.
Vodafone Idea Says Ready to Pay AGR Dues in Next Few Days, Warns SC Order Will Decide if Business Continues
The liability of Vodafone Idea Ltd (VIL) is estimated to be around Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee.
Budget Unlikely to Have Much Inflationary Impact, Says RBI Governor Shaktikanta Das
Retail inflation based on consumer price index (CPI) soared to a near six-year high of 7.59 per cent in January, surpassing the RBI's comfort range primarily on account of rising vegetable and food prices.
Ordered to Clear Dues by 11:59pm Tonight, Airtel Says Will Pay Rs 10,000 Crore by Feb 20
Telecom operators were required to clear their dues by January 23 as per the apex court judgement of October 24, 2019 in the matter.
Doesn't Look, Feel, Smell Right When Etailer Makes Rs 6,000 Crore Loss on Rs 5K Cr Turnover: Piyush Goyal
Piyush Goyal reiterated that neither the Competition Commission of India (CCI) nor his ministry would have to probe on fair trade practices if e-commerce players 'can stick within the letter and spirit of the law'.
Nissan Files $90m Lawsuit Against Former Chairman Carlos Ghosn for ‘Fraudulent Activity’
Carlos Ghosn faces multiple charges of financial misconduct in Japan but has fled to Lebanon before he could face trial. The 65-year-old has also denied any wrongdoing.
SBI Cards IPO Gets Sebi’s Green Signal, May Launch in February Itself
SBI Cards is likely to raise up to Rs 6,000 crore through the IPO, but no official confirmation has been made regarding the size of the issue.
CCI Imposed Rs 840 Crore Fine on 126 Companies in Last 3 Financial Years, Says MoS Thakur
During 2016-17, the fair trade regulator levied a total fine of Rs 208.39 crore on 18 companies in 4 cases, while a fine totalling Rs 295.35 crore was imposed on 31 companies in 9 cases in 2017-18, the MoS Finance said.
SAIL, M&M, Tata Steel, ACC, Yes Bank, Britannia Among Key Stocks in Focus Today
Steel Authority of India Ltd (SAIL) shares declined 5% on reports that the government may offload 5% stake in the company via offer for sale, raking in Rs 1,000 crore.
Rupee Rises 8 Paise to 71.32 Against US Dollar in Early Trade
Forex traders said while weak dollar and easing crude oil prices supported the rupee, heavy selling in domestic equities weighed on the local unit and restricted the upmove.
Reliance-BP to Auction More Gas From KG-D6 Block this Month
Like in the previous auction, Reliance-BP will seek bids from potential users for the 5 mmsmcd of natural gas it plans to produce from the R-Cluster Field in KG-D6 block from mid-2020.
Sensex, Nifty Drop in Early Deals in Line with Asian Market
The 30-share BSE Sensex was trading lower by 56.87 points or 0.14 per cent at 41,249.16, while the broader NSE Nifty fell 13.60 points or 0.11 per cent to 12,124.35 in early morning trade.
Instant Allotment of E-PAN Based on Aadhaar to Begin This Month
The Budget 2020-21 has proposed to launch a system under which PAN shall be instantly allotted online on the basis of Aadhaar without filling up the detailed application form.
RBI’s MPC Holds Repo Rate at 5.15%: Key Takeaways
RBI has projected GDP (gross domestic product) growth for 2020-21 at 6%. It expects growth in the range of 5.5-6% in the first half of the fiscal year.
USD 118.3 Billion Received in Remittances Since 2018-19: Govt
As per the RBI data, during 2018-19, USD 76.4 billion was received as remittances, while during period 2019-20 (April-September), USD 41.9 billion was received, Union Minister V Muraleedharan said.
Sensex Surges Over 400 Points, Nifty Above 11,800 in Morning Session
The broader NSE advanced 120.15 points, or 1.03 per cent, to 11,828.05.
