Business
Mitsubishi, Chubu to Take over Dutch Energy Giant Eneco
Eneco said in a statement on Monday that Mitsubishi will fund 80 per cent of the deal and Chubu the remaining 20 per cent.
CAIT Seeks Probe into Alleged Avoidance of Tax Liability by Amazon, Flipkart
The CAIT wrote to the finance minister alleging that e-commerce companies, including Amazon and Flipkart, were selling various products on their platforms at a price much lower than fair market value.
DPIIT Received Some Complaints of e-Commerce Firms Offering Deep Discounts, Says Piyush Goyal
In a written reply to the Rajya Sabha, Commerce and Industry Minister Piyush Goyal said that any violation of foreign direct investment (FDI) regulations is covered by the penal provision of the Foreign Exchange Management Act (FEMA), 1999.
BPCL, SCI Shares Tumble After Cabinet Approves Privatisation of These Companies
Shipping Corp stock dropped 6.29 per cent to close at Rs 64.05 on the BSE. During the trade, it declined 7 per cent to Rs 63.50.
CSB Bank's Rs 410 Crore IPO to be Open for Subscription from November 22
The CSB Bank shares will be available at a price band of Rs 193-195 apiece in a lot size of 75 shares and its multiples. Shares of the bank will be listed on both BSE and the National Stock Exchange (NSE).
Rupee Rises 19 Paise to 71.59 Against US Dollar in Early Trade
At the interbank foreign exchange the rupee opened at 71.67, then gained further ground and touched a high of 71.59, registering a rise of 19 paise over its previous close.
Govt Not Releasing Consumer Expenditure Survey 2017-18 Due to 'Data Quality Issues'
The ministry also mentioned that an expert panel has recommended that 2017-18 would not be an appropriate fiscal to be used as a base year for new GDP series.
'Don't Want Any Company to Shut Operations': FM Says Govt Will Address Concerns of Telecom Sector
The Supreme Court last month ruled in favour of the government and directed telecom companies to pay as much as Rs 1.42 lakh crore in past statutory dues to the government.
Sensex Ends 70 Points Higher, Led by Gains in Bharti Airtel and SBI
The 30-share index, which opened on a firm note, witnessed a sell-off at the fag end of the session as investors turned cautious tracking concerns over slowing economic growth.
SpiceJet Posts Rs 463 Crore Quarterly Loss After Grounding of Boeing 737 MAX Planes
The airline said the loss of Rs 462.6 crore in the latest September quarter was mainly on account of inflated costs with respect to MAX grounding and a seasonally weak quarter.
China's Jingye Group Set to Announce Rescue Deal With British Steel: Source
Reports said Jingye would pay 70 million pounds ($90 million, 81 million euros) for British Steel which collapsed into liquidation in May.
Wheat Sowing Down by 39% at 9.69 Lakh Hectare So Far, Oilseeds' Produce Up
Wheat acreage was lagging at 74,000 hectare in Madhya Pradesh till last week of this season, when compared with 6 lakh hectares in the year-ago period.
Macroeconomic Data, Earnings Likely to Steer Stock Market
Industrial production data on Monday, inflation rate on Tuesday and WPI inflation on Thursday would be keenly watched by market participants amid economic slowdown concerns.
No Relief for Delhiites as Petrol Prices Soar Above Rs 73/litre for Third Consecutive Day
Petrol price rose by 20 paise/litre in Mumbai, Kolkata and Delhi on Sunday, and by 21 paise/litre in Chennai.
No Claimants for Dormant Swiss Accounts of Indians, Some May Get Liquidated Soon
The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.
NTPC Second Quarter Net Profit Rises 38% to Rs 3,409 Crore
NTPC's total income rose to Rs 26,274.66 crore in the second quarter from Rs 23,566.65 crore a year ago, the company said in a BSE filing.
