Business

The highest growth was registered by Cochin Port (17.27 per cent), followed by Paradip (14.59 per cent), Kolkata (12.45 per cent), New Mangalore (6.60 per cent) and JNPT (5.94 per cent).

Vistara has 17 aircraft in its fleet and will induct its 20th aircraft in March, which will allow it as per norms to start international operations.

Most private economists have pared India's growth forecast to 6.2 to 6.5 percent for the 2017/18 fiscal year, citing the impact of the chaotic launch of Goods and Services Tax in July on business activities.

The 30-share Sensex spurted 205 points, or 0.60 per cent, to all-time high of 34,175.21 points, breaching its previous record high (intra-day) of 34,137.97 scaled on December 27.

Bank of India, which is three-quarters owned by the government, was earlier this month placed under the central bank's prompt corrective action (PCA) framework due to high non-performing loans and insufficient core capital.

TRAI felt that a favourable consideration of the matter would help reduce financial stress of telecom players and enable them to offer affordable and quality services to consumers.

The IT department conducted searches on 900 groups during November-March 2017 and undisclosed income of Rs 7,961 crore was admitted, said Minister of State for Finance P Radhakrishnan in a written reply to the Rajya Sabha.

With the streamlining of the process after GST implementation behind them, the companies feel that the prospects of good economic growth, coupled with a revival in demand and consumption, will help them overcome the hit they took in volumes and profits in...

“Government is in favour of bringing petroleum products under GST. We would like to await consensus of the states and hope states at some stage soner or later agree to the consensus,” said Jaitley

The Council has fixed February 1 as the compliance date for inter-state movement of goods, sources in the panel added.

Vodafone, the world's second-largest mobile operator, entered India in 2007 by acquiring Hutchison Whampoa's wireless assets. It is contesting a tax bill of more than $2 billion relating to that acquisition.

The National Company Law Tribunal (NCLT), on December 8, had suspended all the eight directors of the realty firm over allegations of mismanagement and siphoning of funds and had authorised the Centre to appoint its 10 nominees on the board.

According to the statement, the net direct tax collections represent 49 per cent of the total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).

SEBI whole time member G Mahalingam made the observations on the launch of a NSE's e-book, which is regulation-wise compilation of all orders by Securities Appellate Tribunal (SAT) since its inception till March 31, 2016.

The government has indicated that it is planning to make hallmarking along with carat count mandatory for the gold jewellery sold in the country from January.

Commercial Taxes Minister Amar Agrawal said that the simplification of the tax collection system and effective control over tax evasion resulted in this boost in commercial tax receipt even without any hike in the rate of taxes.