Business
Owner of Marriott-Operated Hotels in India Files for Initial Public Offering
SAMHI Hotels' filing comes days after the government slashed corporate taxes and the goods and services tax on hotel rates in an effort to boost private investment and revive a sagging economy.
Tourist Footfall from UK to Goa Expected to Take Severe Hit After Collapse of Thomas Cook
The 178-year-old operator had been desperately seeking 200 million pounds (USD 250 million, 227 million euros) from private investors to save it from collapse, but a last-ditch rescue deal failed,
SBI to Adopt Repo Rate as External Benchmark for All Floating Rate Loans from October 1
On September 4, the Reserve Bank of India (RBI) had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark from October 1 onwards.
Rupee Slips 9 Paise to 71.03 Against US Dollar in Early as Investors Remained Edgy
Forex traders said reports that the US is likely to ramp up pressure on China by raising existing tariffs if a trade deal is not reached soon between the two countries, weighed on the domestic currency.
Corporate Tax Cut to Give 'Necessary Fillip' to Economy, Says Commerce Minister Piyush Goyal
The forgoing in revenue through the measures will benefit corporates, Piyush Goyal said. The minister is hopeful that businesses will be able to take benefit of these measures to spur growth.
Govt to Forego Rs 1.45 Lakh Crore Per Year With Nirmala Sitharaman's Fresh Boost to Economy
The government has slashed basic corporate tax rate to 22% from 30%, while for new manufacturing companies it has been brought down to 15% from 25%.
Nearly 100 Applications Received by Finance Ministry for RBI Deputy Governor's Post
The Financial Sector Regulatory Appointments Search Committee (FSRASC), headed by the cabinet secretary, is free to identify and recommend any other person too, who has not applied for the post, based on merit.
DPIIT Notifies FDI Relaxation Norms in Coal Mining, Contract Manufacturing, Single-brand Retail
DPIIT, under the commerce and industry ministry, deals with FDI-related issues. It notifies FDI-related government decisions through Press Notes.
Govt Mulls Uniform Rate of 28 Percent GST on All Lotteries: Report
The Central government is also looking at imposing a ban on the online lottery system. The Home Ministry will have a final say on the issue.
Rupee Rises 35 Paise to 71.43 Against USD in Early Trade
On Tuesday, rupee had settled for the day at 71.78 against the US dollar. The domestic unit, however, could not hold on to the gains and was trading at 71.48 against the dollar.
Sensex Cracks Nearly 300 Points; Oil and Gas Stocks Tank Amid Sharp Rise in Crude Prices
After touching a low of 37,111.29, the 30-share index was trading 210.02 points, or 0.56 per cent, lower at 37,174.97 at 1000 hours, while the broader Nifty fell 64.15 points, or 0.58 per cent, to 11,011.75.
Millennials, Taxes or Failed Policy? Blame Game Ensues as Wheels Come Off India's Auto Sector
The country's once-booming auto sector — seen as an important barometer of overall economic health — is in the slow lane, with sales slumping for the 10th-straight month in August.
Yes Bank Stock Being Hammered by Short-sellers, Rana Kapoor Firms Tell Exchanges
Yes Capital and Morgan Credits have written a letter regarding short-sellers dragging down the bank’s share to the surveillance departments of BSE and the National Stock Exchange (NSE).
Sensex Rises over 150 Points Ahead of Key Macro Data Releases, Nifty Cross 11,000-mark
Top gainers in the Sensex pack on Wednesday included Tata Steel, ICICI Bank, IndusInd Bank, ONGC, Vedanta, Sun Pharma, HDFC, SBI, M&M, Maruti and HCL Tech, rising up to 2.43 per cent.
Azim Premji, Promoter Group Entities Sold Shares Worth Rs 7,300 Crore during Wipro Buyback
Approximately 6.12 crore shares from Azim Premji Partner representing Zash Traders, 6.03 crore shares from Azim Premji Partner representing Prazim Traders and 5.02 crore shares from Azim Premji Partner representing Hasham Traders were accepted under the b...
Centre Plans Financial Package to Cash-strapped BSNL, Says Union Minister Meghwal
Union Minister Arjun Ram Meghwal said the Modi government has committed itself to make India a five trillion dollar economy. He also said the government was in the process of fulfilling promises made in the manifesto.
