Loan marketplace Rubique targetting 250 pct growth in disbursement, 300 pct in revenue says MD and CEO Manav Jeet

ICAI - News 21 Sep ,2017

Having disbursed loans worth Rs 1,000 crore in FY17, loan marketplace Rubique recently launched a mobile app to ease access to its platform. The compa

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Bayer sees delays, expects to close $66 billion Monsanto deal by early 2018

ICAI - News 21 Sep ,2017

German drug and agrochemicals major Bayer expects to close acquisition of Monsanto by early 2018 as the talks with regulators around the world and oth

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West Bengal gets $300 mn ADB loan to carry forward fiscal reforms

ICAI - News 21 Sep ,2017

Multilateral funding agency ADB today said it has sanctioned a $300 million loan facility for carrying forward fiscal reforms in West Bengal. The boar

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Leaner Tata Steel Can Double Capacity In 5 Years: N Chandrasekaran

ICAI - News 21 Sep ,2017

Tata Group Chairman N Chandrasekaran is hopeful that a deleveraged Tata Steel is better positioned to grow faster and double capacity over the next f

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E-tailers expected to touch GMV of Rs 10,000 crore in the 2017 festive season

ICAI - News 21 Sep ,2017

The festive season of 2016 was a success for the e-tailing industry -- after a series of setbacks in the year -- and it set the tone for its steady gr

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Greece considers bond swap as looks to bailout exit

ICAI - News 21 Sep ,2017

Greece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailo

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India growing pretty robustly: World Bank President Jim Kim

ICAI - News 21 Sep ,2017

India has been growing "pretty robustly", World Bank President Jim Yong Kim has said as he predicted a strong global growth this year. Speaking at the

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Government announces new PPP policy for private investments in affordable housing

ICAI - News 21 Sep ,2017

Taking its efforts to achieve ?Housing for All by 2022? further, the central government has announced a new public-private partnership (PPP) policy fo

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KYC cracker scares gold buyers, sales fall 50 per cent since last month

ICAI - News 21 Sep ,2017

Gold sales have almost halved since late last month, as traders said tightened restrictions on anonymous cash-based purchases are keeping buyers away

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M&M to buy Turkish tractor firm for Rs 815 crore

ICAI - News 21 Sep ,2017

The country?s biggest tractor maker Mahindra & Mahindra (M&M) will be acquiring Turkey?s fourth-largest tractor maker, Erkunt Trakt?r Sanayii and its

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Toshiba to sell chip unit to Bain Capital for $18 bn

ICAI - News 21 Sep ,2017

Japan's embattled Toshiba has chosen a group led by US private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledg

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Coca-Cola banks on local products to boost double-digit growth

ICAI - News 21 Sep ,2017

In a bid to revive its double-digit growth in the country, Coca-Cola is testing 20 products ? both aerated and non-aerated. It is also experimenting w

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Fed keeps U.S. rates steady, to start portfolio drawdown in October

ICAI - News 21 Sep ,2017

The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a r

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Indian investments into GCC touching $3 billion

ICAI - News 21 Sep ,2017

India's share of total investments into the six-member Gulf Cooperation Council has risen from 4.7 per cent in 2011 to 16.2 per cent in 2016, accordin

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Advance tax payout by top cos grows just 2% in Sept quarter

ICAI - News 21 Sep ,2017

The advance tax paid by top Mumbai-based companies in the September quarter has gone up by just two per cent to Rs.30,200 crore against RS.29,600 cror

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As China's wages rise, Bangladesh is newest stop for Japanese firms Bloomb

ICAI - News 21 Sep ,2017

As wage hikes in China push away manufacturers, Japanese companies are on the hunt for cheaper production bases elsewhere in Asia.One country where th

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Japan exports surge at fastest in nearly four years on global demand

ICAI - News 21 Sep ,2017

Japan exports surge at fastest in nearly four years on global demand.Booming shipments of cars and electronics in August drove up Japan's exports at t

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Maersk sells oil tankers to owner, opening door to Mitsui

ICAI - News 21 Sep ,2017

A.P. Moller-Maersk (MAERSKb.CO) has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter

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Euro zone catches up with U.S. as global growth gets more in sync - OECD

ICAI - News 21 Sep ,2017

Growth rates among the world?s major economies are synchronising at levels not seen in years as the euro zone catches up with United States, the OECD

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Oil up 2 percent despite U.S. crude build; set for best Q3 since 2004

ICAI - News 21 Sep ,2017

Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in

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All P2P lending firms to be classified as NBFCs, says RBI

ICAI - News 21 Sep ,2017

The Reserve Bank of India (RBI) on Wednesday said all non-bank players engaged in the business of peer-to-peer (P2P) lending would be classified as no

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France?s Energie ties up with Dubai?s Abraaj to build over 1000 MW wind power project in India

ICAI - News 21 Sep ,2017

French utility giant Engie said on Wednesday it has partnered with Dubai-based Abraaj Group to build more than 1,000 MW of wind power projects in Indi

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Big-ticket PE investments take Jan-Aug deal tally to $13.8 bn

ICAI - News 21 Sep ,2017

Private equity investment activity in the country improved in August following big- ticket transactions that drove the overall deal tally to as high a

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Car sales in India to grow by 9% in 2017: Moody?s

ICAI - News 21 Sep ,2017

Car sales in India are expected to grow by 9% this year riding on the back of goods and services tax (GST) regime as well as new product launches, Moo

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South Korea for widening FTA scope to boost trade, investments

ICAI - News 21 Sep ,2017

South Korea on Wednesday called for broadening the scope of free trade agreement (FTA) with India for boosting two-way commerce and investments. South

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Wind auction in Gujarat delayed, solar auction drops to Rs 2.65 a unit

ICAI - News 21 Sep ,2017

Gujarat?s electricity board is waiting for the state electricity regulator?s approval to begin the reverse auction process for 500 MW of wind power. T

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Foreign exchange earnings from tourism surge to Rs 13,922 cr in Aug '17

ICAI - News 21 Sep ,2017

Foreign exchange earnings (FEEs) from tourism in the month of August this year were Rs 1,369 crore more than that during the same period last year, th

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ONGC makes massive new discovery at Mumbai High; find may pep up production for years

ICAI - News 21 Sep ,2017

State-run hydrocarbon explorer ONGC has found reserves to the west of its Mumbai High offshore fields, with initial estimates suggesting the new disco

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Branded foodgrains, flours to attract 5% levy under GST

ICAI - News 21 Sep ,2017

The Finance Ministry on Wednesday clarified that all branded cereals, pulses and flours deemed to be a registered brand under any law in the country,

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Big debt relief for Indian company; deal to create Europe?s 2nd largest steel company after ArcelorMittal

ICAI - News 21 Sep ,2017

Tata Steel and Germany?s Thyssenkrupp on Wednesday signed an agreement to merge their European steel operations in a preliminary deal that would creat

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TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased

Income Tax : Communications 13 Sep ,2017

Publish Date : Wednesday, September 13, 2017

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Larsen & Toubro bags Rs 1,700 crore crude oil pipeline contract in Kuwait

ICAI - News 20 Sep ,2017

Engineering conglomerate Larsen & Toubro (L&T) today said it has won a Rs 1,700 crore contract in Kuwait for building a crude oil pipeline. ?L&T?s hyd

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Reliance Industries Plans Major Expansion At World's Largest Oil Refinery Complex

ICAI - News 20 Sep ,2017

Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 per cent by 20

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Egypt economy still recovering from 2011 uprising

ICAI - News 20 Sep ,2017

An international credit rating agency says Egypt's economy has started to improve but has yet to recover from the 2011 uprising and the years of unres

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The global economy is starting to create lose-lose situations

ICAI - News 20 Sep ,2017

Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington, D.C., for the annual meetings of the

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IMF and World Bank members must stop rise of economic non-order

ICAI - News 20 Sep ,2017

Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington DC for the annual meetings of the Inte

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Sebi revokes ban on 114 entities, says no evidence of tax evasion

ICAI - News 20 Sep ,2017

Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock

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GST a tectonic shift, takes India closer to 8% plus growth: World Bank

ICAI - News 20 Sep ,2017

World Bank India chief Junaid Ahmad today described GST as a ?tectonic shift? in the country?s taxation policy which has increased the possibility of

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Economic slowdown is real, not just technical: SBI Research

ICAI - News 20 Sep ,2017

Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for mo

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Government may waive off interest, penalty on late filing of GSTR-3B: ET Now

ICAI - News 20 Sep ,2017

Government might waive off interest and penalty on late filing of GSTR-3B for August in lieu of load on GSTN, ET Now has reported quoting sources. GST

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Single GST rate on Oilcakes and Cottonseed oilcake

ICAI - News 20 Sep ,2017

Cottonseed oilcake will attract Nil GST rate, while all other oilcakes will bear 5% GST, irrespective of their end use, informed Solvent Extractors As

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A defining feature of India's economy has just fallen prey to the beauty of GST

ICAI - News 20 Sep ,2017

All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, an

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Oil closes lower, edging off five-month highs

ICAI - News 20 Sep ,2017

Oil closed lower for the first time in more than a week as traders awaited storage data that may show the longest expansion of U.S. crude inventories

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RBI may up FPI limit in corporate bonds by $7 b

ICAI - News 20 Sep ,2017

The Reserve Bank of India may increase the investment limit for foreign portfolio investors in corporate bonds by $7 billion in OctoberMarch, raising

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Follow uniform method in publishing death claims paid, IRDAI tells life insurers

ICAI - News 20 Sep ,2017

Life insures will now have to be transparent in projecting death claim settlements in advertisements.In a circular, the Insurance Regulatory and Devel

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National Insurance eyeing 15-16% growth in premium this fiscal

ICAI - News 20 Sep ,2017

State-run National Insurance Company (NIC) is looking to reduce its exposure to loss-making group health and motor businesses.According to K Sanath Ku

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PE investment in realty to exceed $4 b in 2017: Knight Frank

ICAI - News 20 Sep ,2017

Private equity investment in Indian real estate is estimated to exceed $4 billion this year, according to a report by Knight Frank India.Samantak Das,

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Canada Pension Funds may drive in Rs 4000 crore to India

ICAI - News 20 Sep ,2017

Canada-based pension funds PSP Investments and Ontario Teachers? Pension Plan (OTPP) are in talks to invest Rs 4,000 crore in an investment platform c

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Over 1,400 flour mills face closure threat over GST levy on branded packs

ICAI - News 20 Sep ,2017

Earlier, the GST Council had announced "nil" duty on loose and "registered but without trademark" branded packs, which prompted many registered tradem

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Bitcoin's wild ride shows the truth: It is probably worth zero

ICAI - News 20 Sep ,2017

Behind every bubble is a good idea bursting to get out, and bitcoin kind of looks like a good idea, at least if you squint a bit. A digital currency w

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China Considers Opening Up to Foreign Electric Carmakers

ICAI - News 20 Sep ,2017

China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision o

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JSW Steel looks for partners in Bhushan Steel bid

ICAI - News 20 Sep ,2017

Sajjan Jindal-led JSW Steel is in talks with multiple investors for its proposed Bhushan Steel bid. Discussions are on with Piramal-Bain Fund, JFE Ste

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Record average deal size lights up IPO Street

ICAI - News 20 Sep ,2017

The average initial public offering (IPO) size so far this year has been the highest in the history of the domestic market aided by big-ticket offerin

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The curious case of Synergies Dooray & its implications on insolvency code

ICAI - News 20 Sep ,2017

Is there a loophole in the Insolvency and Bankruptcy Code (IBC), 2016, that creates room for promoters to exercise control over the committee of credi

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Fast-track GST refund, else Rs 65,000 crore may get stuck: Exporters tell government

ICAI - News 20 Sep ,2017

The fear of liquidity crunch stemming from the delay in refund process under the GST regime dominated Tuesday?s meeting held by the Committee on Expor

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Goyal promises smooth coal supply to power plants by early October

ICAI - News 20 Sep ,2017

Coal Minister Piyush Goyal on Tuesday said that his ministry is taking steps to ensure smooth coal supplies to power stations that will be stabilised

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Sebi slaps Rs 31 lakh fine on 3 entities for disclosure lapses

ICAI - News 20 Sep ,2017

Markets regulator Sebi today imposed a total penalty of Rs 31 lakh on three entities for disclosure lapses with regard to trading in the shares of Pro

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World's Biggest Wealth Fund Hits $1 Trillion Value For First Time

ICAI - News 20 Sep ,2017

Norway's sovereign wealth fund, the largest in the world, today reached the value of $1 trillion for the first time, the Norwegian central bank, which

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Microfinance firms to cap loans at Rs 60,000 per borrower

ICAI - News 20 Sep ,2017

Microfinance institutions (MFIs) will not lend more than Rs 60,000 per customer and cap the number of lenders to three under Joint Liability Group mod

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IndiGo breatheseasy as P&W delivers 2 Neo engines for A320s

ICAI - News 20 Sep ,2017

American engine-maker Pratt & Whitney has started supplying new engines to its largest customer in the country, IndiGo, helping it put back into opera

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NPA-laden PSBs crimp advance tax mop-up at 10.6%

ICAI - News 20 Sep ,2017

A steep fall in advance tax payouts by bad loan-saddled state-run banks has led to a muted 10.6 per cent growth in overall revenue mop-up from large c

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CBDT proposes self-reporting for advance tax payment: All you need to know

ICAI - News 20 Sep ,2017

The central board of direct taxes (CBDT) has proposed a self-reporting mechanism for reporting estimates of current income, tax payments and advance t

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Tata Sons ups stake in Tata Motors, Tata Chem, TGBL

ICAI - News 20 Sep ,2017

Tata Sons today raised stakes in three group firms -- Tata Motors, Tata Chemicals and TGBL -- buying shares worth over Rs 3,200 crore.Tata Sons has be

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Walmart India plans to enter non-food retail business, evaluates options

ICAI - News 20 Sep ,2017

Walmart India is gung-ho about foraying into non-food retail if the government relaxes the law, said Krish Iyer, president and chief executive officer

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Maruti car market share nears 60%, reaches 15-year high

ICAI - News 20 Sep ,2017

Buoyed by its new launches like the Baleno and Dzire, Maruti Suzuki?s market share in the car segment has touched a 15-year high of 57% during the Apr

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Notification No.45/2017-Customs (ADD)

ICAI - News 19 Sep ,2017

Seeks to exempt goods imported for organising FIFA under 17, world cup, 2017.

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Notification No.87/2017 Customs (N.T.)

ICAI - News 19 Sep ,2017

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver.

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Notification No.86/2017 Customs (N.T.)

ICAI - News 19 Sep ,2017

Amendment to notification no 82/2017-Cus (N.T.) dt 24.08.2017 and notification no 85/2017-Cus (N.T.) dt 07.09.2017

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Notification No. 76 /2017 Customs

ICAI - News 19 Sep ,2017

Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.

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Notification No.RBI/2017-18/58

ICAI - News 19 Sep ,2017

Auction of Government of India Dated Securities

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Notification No.RBI/2017-18/57

ICAI - News 19 Sep ,2017

Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)

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Notification No.RBI/2017-18/56

ICAI - News 19 Sep ,2017

Inclusion of ?Emirates NBD Bank (P.J.S.C)? in the Second Schedule to the Reserve Bank of India Act, 1934

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160 companies to get notices on transitional GST credits

ICAI - News 19 Sep ,2017

Several Indian companies, including some large entities, may start receiving notices from Monday on transitional tax credits in the run-up to the intr

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'Normalisation of India-Denmark relations to boost trade ties'

ICAI - News 19 Sep ,2017

Copenhagen, Normalisation of India-Denmark relations, that got a push with the launch of a direct flight between New Delhi and Copenhagen, will boost

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Bahrain economic growth in 2017 ahead of forecasts

ICAI - News 19 Sep ,2017

Economic growth in Bahrain this year is ahead of forecasts as the tailwinds felt from subsidy reforms, business friendly legislation and the impact of

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S. Korea to assure credibility of economy during NY summit

ICAI - News 19 Sep ,2017

Finance Minister Kim Dong-yeon is scheduled to meet with foreign investors in New York on Wednesday (local time) and intends to reassure the internati

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France should vigorously defend its euro zone reform proposals

ICAI - News 19 Sep ,2017

Anybody investing in euro-denominated assets should know that the currency's future, just as was the case with its origin, crucially depends on a Fren

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MFs? assets cross RS.20 lakh cr

ICAI - News 19 Sep ,2017

The highest ever inflow of RS.20,362 crore in equity-oriented schemes of mutual funds has pushed the industry?s asset under management to Rs.20.59 lak

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Govt may cut spending as tax inflows fall

ICAI - News 19 Sep ,2017

The government could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish

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FDI likely to rise further after GST: Moody?s

ICAI - News 19 Sep ,2017

India is likely see increased foreign direct investment (FDI) inflows on the back of reforms such as introduction of the goods and services tax and th

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Tata Group to take on Bigbasket and Amazon in online grocery retail

ICAI - News 19 Sep ,2017

Tata Group is venturing into online grocery business under Starquik brand, taking on Amazon and Bigbasket in a nascent yet rapidly growing market. A

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Domestic air passenger traffic up 15.6% in August

ICAI - News 19 Sep ,2017

Domestic airlines flew 96.90 lakh passengers in August registering a 15.6 per cent growth, over 83.81 lakh passengers flown during the same period in

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India?s current account deficit likely at 1.5% of GDP in 2017: Nomura

ICAI - News 19 Sep ,2017

India?s current account deficit is expected to widen to 1.5% of GDP in 2017, from 0.6% in 2016, but net capital flows are expected to more than fund

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Is rupee depreciation a good idea to perk up economy?

ICAI - News 19 Sep ,2017

Given the resource crunch of the Centre and the states as well as the limitations of monetary policy tools, depreciating the rupee against the dollar

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Companies need to furnish new staff details online to EPFO from Oct

ICAI - News 19 Sep ,2017

The formal sector employers will be required to intimate about the details of their new employees online to retirement fund body EPFO from October 1,

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Superpower India to Replace China as Growth Engine

ICAI - News 19 Sep ,2017

India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according t

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China PBOC to Draft Package for Financial Market Opening

ICAI - News 19 Sep ,2017

China?s central bank is drafting a package of reforms which would give foreign investors greater access to the nation?s financial services industry, a

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Slack valued at $5.1 billion after new funding led by SoftBank

ICAI - News 19 Sep ,2017

Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp (9984.T) and other investors in its latest funding round,

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Nokia expects Q3 gains after LG patent ruling

ICAI - News 19 Sep ,2017

Nokia expects to gain additional revenue, starting with the current quarter, after a ruling was reached on smartphone patent payments from South Korea

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Teva Pharmaceutical sells women's health business for $1.38bn

ICAI - News 19 Sep ,2017

Teva Pharmaceutical has entered into two agreements to sell the remaining assets of its specialty global women's health business for $1.38bn.Proceeds

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Northrop Bulks Up Missile Business on $7.8 Billion Orbital Deal

ICAI - News 19 Sep ,2017

Northrop Grumman Corp.?s $7.8 billion purchase of Orbital ATK Inc. will expand its space and missile businesses just as the U.S. steps up efforts to d

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India Four-Month Cement Slump Seen Ending on Roads, Houses Spend

ICAI - News 19 Sep ,2017

India?s ambitious plans for housing and infrastructure construction may end a slump in cement prices.Prices are expected to rise as much as 5 percent

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CIL boosts supplies to thermal power plants

ICAI - News 19 Sep ,2017

Coal India on Monday said it has stepped up supplies to support thermal power units, which were facing coal crunch. In August, the country had faced e

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600 kg gold imported from Indonesia in only 2 months; govt mulls curbs

ICAI - News 19 Sep ,2017

Worried over a surge in gold imports from Indonesia that crossed 600 kg in the last two months, the government is considering ways to check the increa

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Stock markets fight back foreign portfolio investors? exit impact

ICAI - News 19 Sep ,2017

Ever since investment limits in corporate bonds began to be allotted to foreign portfolio investors (FPIs) on auction basis, foreign investments in st

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PE/VC investments, exits at record high of $5.4 bn in Aug 2017: EY

ICAI - News 19 Sep ,2017

Private equity and venture capital (PE/VC) investments rose in August by 5.4 times over the amount in August 2016, to $5.4 billion (Rs 34,600 crore),

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PE investments in Indian realty to top $4 billion in 2017, set new milestone: Knight Frank

ICAI - News 19 Sep ,2017

Private equity investment into Indian real estate in 2017 is about to set a new milestone as it is estimated to exceed $4 billion this year, well past

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Supreme Court Refuses To Lift Stay On RERA Cases Against Jaypee Infratech

ICAI - News 19 Sep ,2017

The Supreme Court of India on Monday refused to lift the stay on initiating proceedings against Jaypee Infratech Ltd. and its parent Jaypee Associates

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Just ahead of Big Billion Days sale, Flipkart India secures Rs 1000 cr loan

ICAI - News 19 Sep ,2017

Despite Flipkart having cash reserves of $4 billion on its balance sheet, its wholesale cash and carry arm Flipkart India has taken loan of Rs 1,000 c

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Big move in renewable energy space, Piramal group infuses Rs 1800 cr in Mytrah Energy

ICAI - News 19 Sep ,2017

Renewable power producer Mytrah Energy has raised Rs 1,800 crore from Piramal Group?s financial services companies. These funds are being invested in

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Lenskart cuts losses by 12 pct to Rs 100 cr, CEO Peeyush Bansal says revenue up 3x at Rs 290 cr

ICAI - News 19 Sep ,2017

Better engagement with customers and domestic manufacturing of lenses and frames have enabled eyewear brand Lenskart to trim its losses by 12% to Rs 1

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With Rs 1.56 lakh cr stuck in litigation, CBEC orders officers to target Rs 10 cr and above cases, deliver quick solutions

ICAI - News 19 Sep ,2017

With legal cases piling up and blocking revenue flow, the Central Board of Excise and Customs (CBEC) has urged its field formations across the country

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Law Min okays draft bill on fugitive economic offenders

ICAI - News 19 Sep ,2017

The law ministry has given its concurrence to a draft bill that will give powers to the government to confiscate property of economic offenders and de

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M&M partners Ford in drive for e-cars

ICAI - News 19 Sep ,2017

Homegrown utility vehicle major Mahindra & Mahindra (M&M) and Ford have decided to collaborate again, after a 1995 tie-up to facilitate the American c

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Centre boosts digital payments, wants RBI to hike MDR on debit card transactions to Rs 200

ICAI - News 19 Sep ,2017

In a move to encourage digital transactions, the government has proposed that the Reserve Bank of India (RBI) cap the merchant discount rate (MDR) on

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Buhari government must reboot economy

ICAI - News 18 Sep ,2017

RECENT developments portend scant optimism for Nigeria achieving significant economic recovery very soon. A report of second quarter growth of 0.55 pe

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Australian businesses confident about Chinese economy in next five years

ICAI - News 18 Sep ,2017

Under the great leadership of the Chinese government, Australian businesses are very confident about the Chinese economy in the next five years, Bob B

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Export growth faces real test from Sept

ICAI - News 18 Sep ,2017

Despite August export figures jumping by 10.3 per cent year-on-year and the country completing 12 straight months of export growth, exporters and econ

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Jurisdiction-free I-T assessment on the cards

ICAI - News 18 Sep ,2017

To check corruption and harassment, the tax department will soon launch a pilot of "jurisdiction-free assessment" where a tax officer will not get to

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Current account deficit seen at 1.2-1.3 per cent of GDP in FY18: ICRA

ICAI - News 18 Sep ,2017

India?s current account deficit (CAD), which widened to a four-year high in April-June, is likely to touch USD 30-32 billion, or 1.2-1.3 per cent of G

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The cost of $400-billion forex reserves

ICAI - News 18 Sep ,2017

India?s foreign exchange reserves at over $400 billion look great. But the portfolio flow-driven accumulation comes with a set of uncertainties and ch

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US open to climate pact, if conditions right

ICAI - News 18 Sep ,2017

The US is open to staying in the Paris climate accord if it can find the right conditions, Secretary of State Rex Tillerson said.The top diplomat?s co

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GST to change Budget structure

ICAI - News 18 Sep ,2017

The 2018-19 Union Budget, the first one since the implementation of the goods and service tax (GST), could have a markedly altered structure than the

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Flipkart offers personalised experience for festive sale

ICAI - News 18 Sep ,2017

Flipkart has said it would start offering personalisation to its customers, targeting them with specific products and solutions, as it looks to trebl

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Drug makers dial foreign regulators on quality issues

ICAI - News 18 Sep ,2017

Domestic pharmaceutical companies have decided to step up collaboration with foreign drug regulators, with compliance issues at factories here continu

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Financials hit a new high in India

ICAI - News 18 Sep ,2017

Lending and borrowing money is now India?s fastest-growing segment, and the successful industry and lenders are the latest darlings of equity investor

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China's Fosun Pharma to buy smaller stake in Indian pharma firm

ICAI - News 18 Sep ,2017

Shanghai Fosun Pharmaceutical Group has agreed to cut the size of the stake it will buy in India?s Gland Pharma to 74 percent, the Chinese drugmaker s

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?GSTN technical glitches will be resolved by Oct-end?

ICAI - News 18 Sep ,2017

The head of the Group of Ministers (GoM) tasked to look into Goods and Services Network?s (GSTN) technical problems, which has impacted the filing of

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SBI Card plans to double credit card customers in 2-3 years

ICAI - News 18 Sep ,2017

SBI Card, the joint venture between State Bank of India and GE Capital, is looking to double its credit card acquisition and improve its market share

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SBI may raise PCR to 67%

ICAI - News 18 Sep ,2017

State Bank of India is looking to increase its provision coverage ratio (PCR) to 66-67 per cent by early FY19.According to Rajnish Kumar, Managing Dir

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Bank of India mulling merger, says CEO

ICAI - News 18 Sep ,2017

The board of Bank of India is examining the possibility of merger with other banks, based on the synergy in business. According Dinabandhu Mohapatra,

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Power sector feels burden of ?stranded? input credit

ICAI - News 18 Sep ,2017

The power sector is in a fix because of the build-up of stranded input credit, which are adding to the costs of setting up infrastructure for power ge

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GST Council may consider 3-month rate freeze

ICAI - News 18 Sep ,2017

The GST Council may freeze tax rates for three months, given that the IT system is under challenge on account of frequent changes in rates.The rate fr

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Recent low inflation means you pay more capital gains tax

ICAI - News 18 Sep ,2017

Prices rising at a slower rate should be good news. But not if you have earned long-term capital gains. The consistent decline in inflation in the pas

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HPCL plans to invest Rs 61,000 crore in 5 years

ICAI - News 18 Sep ,2017

State-owned oil marketer HPCL is planning to invest Rs 61,000 crore over the next five years to scale up its business operations to tap the huge energ

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Suresh Prabhu may seek investment pledge from 30 Indian companies

ICAI - News 18 Sep ,2017

Commerce and Industry minister Suresh Prabhu will soon meet the country?s top industrialists individually to seek an investment commitment from each o

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Gold may be kept out of future trade pacts

ICAI - News 18 Sep ,2017

A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the ye

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I-T department goes after defunct companies for tax frauds

ICAI - News 18 Sep ,2017

The tax office is reopening old records of many companies that have wound up and no longer exist in the books of the government ? something the revenu

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Telecom war being fought over quality and new services

ICAI - News 18 Sep ,2017

Competition in India?s telecom industry is entering a new phase with top players increasingly betting on quality of service and new targeted offerings

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Government to sell its properties leased to Air India

ICAI - News 18 Sep ,2017

The government has decided to sell some of Air India?s real estate directly to expedite the state-owned carrier?s divestment. This follows the discove

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Daiichi challenges Religare?s move to write off Rs 500 crore

ICAI - News 18 Sep ,2017

In a new twist to Religare?s tussle with lenders and institutional shareholders, Japanese drugmaker Daiichi Sankyo has approached the Delhi High Court

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Gratuity for employees raised to Rs 20 lakh; here is how you will benefit

ICAI - News 18 Sep ,2017

The Centre has approved an amendment bill that seeks to increase the maximum limit of gratuity for private and public sector employees from `10 lakh t

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Tata Motors bets on Nexon for bigger share of utility market

ICAI - News 18 Sep ,2017

Automotive major Tata Motors is bullish on its first compact SUV 'Nexon' to scale up its ranking in the overall utility vehicles market.Nexon is sche

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Government may raise over Rs 15K cr from IPO of 2 PSU general insurers

ICAI - News 18 Sep ,2017

Initial public offering of the two state-owned general insurance companies is likely to yield over Rs 15,000 crore to the exchequer, said merchant ban

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Toshiba aims to finalize deal with Bain at Sept. 20 meeting

ICAI - News 18 Sep ,2017

Toshiba Corp. is aiming to finalize a deal to sell its memory chips business to a group led by Bain Capital at a Sept. 20 board meeting, despite oppos

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U.K. Companies Urge May to Seek Three-Year Brexit Transition

ICAI - News 18 Sep ,2017

British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time w

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SEBI plans to allow REITs, InvITs to raise funds via bonds

ICAI - News 18 Sep ,2017

Aiming to make REITs and InvITs more attractive to investors, markets regulator SEBI plans to relax norms to allow these trusts to raise funds by issu

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Small traders can opt for GST composition scheme till 30 September

ICAI - News 18 Sep ,2017

The GST (goods and services tax) Network, or GSTN, the company that processes GST returns, on Sunday offered two more weeks for small traders who miss

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Don't exploit country, keep price below Rs 40k a tonne: Govt to steel firms

ICAI - News 18 Sep ,2017

The government has asked steelmakers to make efforts to keep prices below Rs 40,000 per tonne as it cannot permit them to "exploit the country"."The b

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Wind power units fail to find outlets, crisis situation brewing; what you should know

ICAI - News 18 Sep ,2017

Independent wind power producers, especially those in wind-rich areas, are stuck in a logjam, as they are unable to find channels to evacuate power fr

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Peer to peer lender Faircent expects to break even in next 3-4 years, reveals CEO Rajat Gandhi

ICAI - News 16 Sep ,2017

Peer-to-peer lender Faircent is looking to on-board institutions on its platform and has already started with a few small non-banking financial compan

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Why Tata Sons decision to change legal status is not healthy

ICAI - News 16 Sep ,2017

After being at the center of a glaring, and often unkind, media spotlight over the past year, the holding company of India?s $105 billion salt-to-soft

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Goldman Sachs Arm Sells Stake In Max Financial For Rs. 665 Crore

ICAI - News 16 Sep ,2017

Goldman Sachs' subsidiary Xenok Ltd today sold over 1.10 crore shares of Max Financial Services Ltd (MFSL) for nearly Rs. 665 crore through open marke

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HPCL Prepares Rs. 7,110 Crore Business Growth Investment Plans In FY18

ICAI - News 16 Sep ,2017

State-owned oil marketer HPCL has drawn up investment plans of Rs. 7110 crore for business growth in the current fiscal.The company, which is being me

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Japan's Suzuki to invest another Rs 3,800 crore for third car plant in Gujarat

ICAI - News 16 Sep ,2017

Japan's Suzuki Motor Corp on Thursday announced fresh investments of around Rs 3,800 crore in Gujarat to set up a third car production plant. The comp

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Baba Ramdev's Patanjali to enter dairy, apparel business this year

ICAI - News 16 Sep ,2017

After announcing the launch of its packaged drinking water 'Divya Jal', Baba Ramdev's Patanjali Ayurved Ltd is expected to enter $70 billion dairy sec

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In the Philippines, infrastructure program could grant businesses 'manna from heaven'

ICAI - News 16 Sep ,2017

Consumer confidence is solid in the Philippines, infrastructure next: CEO 11:39 PM ET Thu, 14 Sept 2017 | 01:51 Philippine President Rodrigo Duterte

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Tax cuts quiet once-deafening GOP call for fiscal discipline

ICAI - News 16 Sep ,2017

Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama was in the White House. Now, with Republican President Don

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Pound hits highest since Brexit vote on rate rise speech

ICAI - News 16 Sep ,2017

Gertjan Vlieghe, who has previously argued against a rate rise, said the "moment is approaching" when interest rates might need to go up.The Bank kept

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Icahn Eyes $1.5 Billion in Possible Fel-Pro Sale

ICAI - News 16 Sep ,2017

Carl Icahn?s Federal-Mogul Holdings LLC is considering a sale of its Fel-Pro engine parts business, seeking about $1.5 billion if it pursues a deal, p

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Hurricane Harvey slams U.S. retail sales, industrial output

ICAI - News 16 Sep ,2017

U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, sugge

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Beijing cryptocurrency exchanges told to announce trading halt

ICAI - News 16 Sep ,2017

Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a wid

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Excessive protectionism hurting steel users: SUFI

ICAI - News 16 Sep ,2017

Excessive protectionism in the country?s steel manufacturing industry is hurting the user segment and affecting quality of products as well as growth

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Oil near five-month high in most bullish week since July

ICAI - News 16 Sep ,2017

Brent oil prices held near five-month highs on Friday and were on track for the biggest weekly gain since late July, on forecasts for rising demand an

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Coal imports decline 24% in August, auction looms

ICAI - News 16 Sep ,2017

Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ah

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After Income-Tax dept raids 7 traders, India?s biggest onion market shuts down

ICAI - News 16 Sep ,2017

The woes of Maharashtra?s onion sector do not seem to end. Almost all the 14 agriculture produce market committees (APMCs) in Nashik, including Lasalg

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SEBI To Streamline Internal Mechanism For Enforcement Actions

ICAI - News 16 Sep ,2017

To reduce the high pendency of cases, SEBI plans to expedite settlement proceedings and streamline its internal mechanism to better decide whether the

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India's forex reserves cross $400 billion

ICAI - News 16 Sep ,2017

India?s foreign exchange reserves crossed the $400-billion mark last week, data released with a lag of seven days by the Reserve Bank of India (RBI) s

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Number of private projects with sanctioned loans rises 58%

ICAI - News 16 Sep ,2017

The number of private sector projects to which banks and financial institutions (FIs) sanctioned loans rose 58% year-on-year (y-o-y) in FY17, accordin

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Zomato valuation hiked to $1.4 bn by Nomura; increase based on last fund exercise

ICAI - News 16 Sep ,2017

Equity research firm Nomura Financial Advisory and Securities India on Friday raised online restaurant discovery and food delivery firm Zomato?s valua

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CEA Arvind Subramanian briefs PM Modi on current state of economy, petrol, diesel price hikes

ICAI - News 16 Sep ,2017

Amid slowing growth and rising inflation, chief economic adviser (CEA) Arvind Subramanian on Friday met Prime Minister Narendra Modi to brief him on t

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Govt mulling raising money from market for urban schemes, says Hardeep Singh Puri

ICAI - News 16 Sep ,2017

The central government plans to mobilise funds from the market to finance its mega urban schemes including Housing for All and Smart City, Housing and

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Bankruptcy board to register 100 more insolvency professionals to add to 940

ICAI - News 16 Sep ,2017

The Insolvency and Bankruptcy Board of India (IBBI), which has so far registered 940 insolvency professionals (IPs), is in the process of granting reg

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External debt of India drops 2.7 pct to $471.9 bn, records first such drop in 5 years

ICAI - News 16 Sep ,2017

India?s external debt stock dropped 2.7%, or $13.1 billion, to $ 471.9 billion at the end of March from a year ago, recording the first such drop in a

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Exports rise 10.29% in Aug; trade deficit swells to $11.64 bn

ICAI - News 16 Sep ,2017

India's exports recorded a double digit growth of 10.29 per cent after a gap of three months to USD 23.81 billion in August, mainly on account of rise

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CAD in India soars to 3 year high of $14.3 bn, but still $11.4 bn added to reserves

ICAI - News 16 Sep ,2017

India?s current account deficit (CAD) rose to three-year high of $14.3 billion or 2.4% of GDP in the first quarter of the current financial year. The

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Tata feud with Mistry deepens with plan to change holding firm

ICAI - News 16 Sep ,2017

Tata Group's feud with one of India's richest families deepened after the country's biggest conglomerate moved to change its holding company's legal

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Tax authorities to scan transition credit claim of 162 cos

ICAI - News 16 Sep ,2017

As many as 162 companies that have claimed GST transitional credit of over Rs. 1 crore are under the scanner of tax authorities who would verify wheth

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$ 500-m BioCity project soon in Andhra Pradesh

ICAI - News 16 Sep ,2017

Thinking big and formulating big projects is nothing new to Andhra Pradesh Chief Minister, N Chandrababu Naidu. From the proposed world class capital

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Bunker sales fall 90% post-GST

ICAI - News 16 Sep ,2017

Ships are avoiding re-fuelling in India since July after an 18% Goods and Services Tax (GST) raised bunker (ship fuel) costs substantially, forcing ve

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Specialists to conduct forensic audit of shell companies, says BSE chief

ICAI - News 16 Sep ,2017

The Bombay Stock Exchange will conduct forensic audits on shell companies identified by market regulator SEBI, Ashishkumar Chauhan, MD & CEO of BSE, s

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CBEC plans strategy to bring more businesses in GST net

ICAI - News 16 Sep ,2017

Tax officials are working out strategies to encourage more businesses to register for the Goods and Services Tax (GST) and further increase the taxpay

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Entry-level bike sales to see smart recovery; volumes up

ICAI - News 16 Sep ,2017

After muted sales, the motorcycle segment is witnessing a smart recovery with double-digit growth aided by a revival of demand in the entry-bike segme

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Bitcoin-rupee swap dives, but investors unfazed

ICAI - News 16 Sep ,2017

The bitcoin-rupee swap rate went into a free fall after regulators in China forced BTC China, one of the world's biggest exchanges for the digital cur

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?Electric is the future? for German car majors with 50 billion euros investments

ICAI - News 16 Sep ,2017

With opposition to diesel gathering momentum, automobile makers in Germany, one of the biggest consumers of the fuel in Europe, are preparing to head

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Private equity funds take ?double decker? route to escape tax here

ICAI - News 16 Sep ,2017

Some private equity funds are experimenting with ways to circumvent the law on indirect transfer of shares by setting up two-tiered structures in coun

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India lifts ban on export of few varieties of pulses - govt statement

ICAI - News 16 Sep ,2017

India, the world?s biggest producer of pulses, has allowed exports of a few varieties of pulses, a government statement said on Friday.They are red gr

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GST hits exporters' order book hard; 15% drop till October: FIEO

ICAI - News 16 Sep ,2017

Two months after the roll out of the goods and services tax (GST) regime in July, the order books of exporters are said to have taken a hit with estim

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India?s external debt down 3% to $472 bn in FY17

ICAI - News 16 Sep ,2017

India?s external debt came down by $13.1 billion or 2.7 per cent to $471.9 billion at the end of March this year on annual basis mainly due to decreas

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Income Tax department?s Mumbai zone surpasses national average of revenue collection

ICAI - News 16 Sep ,2017

Gross revenue collections by the Mumbai zone of the Income Tax department grew 13.17 per cent at Rs 1,03,837.6 crore, surpassing the national average

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Maharashtra can acquire portions of RIL, Indian Express buildings: Supreme Court

ICAI - News 16 Sep ,2017

The Maharashtra government is empowered to acquire parts of two iconic buildings, housing the headquarters of India?s leading firm Reliance Industries

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Govt considering its own cryptocurrency

ICAI - News 16 Sep ,2017

The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.Sources close to the development said that the pro

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United Nations Calls for a Global ?New Deal? for World Economy

ICAI - News 15 Sep ,2017

The world economy, stunted by years of austerity and growing inequality, needs a global "New Deal", inspired by policies that helped Europe rebound af

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Qatar 'uses $38bn to support economy' during Gulf crisis

ICAI - News 15 Sep ,2017

The trade, tourism and banking sectors have been worst hit by the restrictions put in place since June by Saudi Arabia, the United Arab Emirates, Egyp

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Government may quit oil & gas management panels

ICAI - News 15 Sep ,2017

The oil ministry is considering withdrawing from management committees of oil and gas fields, crucial bodies comprising nominees of the ministry, upst

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German Dry Docks looks to acquire Bharati Defence

ICAI - News 15 Sep ,2017

German Dry Docks Group has approached the lenders of troubled Bharati Defence and Infrastructure (formerly Bharti Shipyard) for a possible acquisition

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FMCG Sales Pick Up Steam in July 12% growth in rural markets, 7% rise in F&B spur demand

ICAI - News 15 Sep ,2017

Consumption of groceries and daily essentials picked up sharply in July, helped by pentup demand from traders after orders had been slashed in June an

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Uniform Petro Tax may Not Remain a Pipe Dream

ICAI - News 15 Sep ,2017

States have agreed to cap value-added tax (VAT) on natural gas at 5% and lower it on other petroleum products such as petrol and diesel used by the ma

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Google likely to launch payment app ?Tez? in India next week

ICAI - News 15 Sep ,2017

Google India is all set to launch a new payment app called ?Tez? (Hindi for fast), as reported first on Thursday by news portal The Ken.The app will l

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Bad loans to touch 10.5% by March as banks recognize entire stress, says Crisil

ICAI - News 15 Sep ,2017

Crisil Ratings on Thursday said banks have only recognized two-thirds of their stressed loans as non-performing assets (NPAs), and estimated the bad l

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India, China unlikely to be growth poles for global economy: UNCTAD

ICAI - News 15 Sep ,2017

The world economy in 2017 is picking up but not lifting off, and while growth in China and India remains relatively buoyant, it is still at a slower p

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India, Japan Ink 15 Agreements Including Aviation, Trade And Science

ICAI - News 15 Sep ,2017

India and Japan on Wednesday signed 15 deals in key areas, including civil aviation, trade, science and technology, and skill development.The pact in

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Rise in inflation likely to keep RBI key rate on hold: Morgan Stanley

ICAI - News 15 Sep ,2017

The Reserve Bank of India (RBI) is likely to hold the key rate in the monetary policy review next month following a jump in inflation and is expected

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FY19 Budget likely on Feb 1, preparations begin

ICAI - News 15 Sep ,2017

The finance ministry on Wednesday issued an official circular to begin the process of drafting the Union Budget for 2018-19.While no date was given as

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I-T dept to launch jurisdiction-free assessment from October

ICAI - News 15 Sep ,2017

The assessment of taxpayers is set to become jurisdiction-free. Come October, the income tax (I-T) department will launch a pilot project of the new s

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Coal prices to stay firm on higher power demand

ICAI - News 15 Sep ,2017

The prices of coal in the domestic market are unlikely to see any correction in the near future even as international thermal prices are expected to s

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Fiscal concerns check slashing of excise duty on petrol, diesel

ICAI - News 15 Sep ,2017

The finance ministry has ruled out excise duty cuts in petrol and diesel, given the Centre's need for money, despite rising retail prices of fuels.?We

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Apple discussing $3-bn stake in Bain's Toshiba bid

ICAI - News 15 Sep ,2017

Apple is playing the role of kingmaker in the contentious battle for Toshiba Corp?s memory chips business.The iPhone maker is in talks to provide abou

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Samsung ties robotic car dreams to Harman deal

ICAI - News 15 Sep ,2017

South Korea?s Samsung Electronics plans to become a major player in autonomous driving, building on its recent $8-billion acquisition of audio and aut

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McDonald's-Bakshi row: UK panel for fair valuation of JV

ICAI - News 15 Sep ,2017

An international arbitration panel has directed appointment of experts to determine a fair value of the joint venture between McDonald's India and Vik

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Take a look at India's major imports and exports with Japan

ICAI - News 15 Sep ,2017

Visiting for the second time in the National Democratic Alliance (NDA) government tenure, Japanese Prime Minister Shinzo Abe signed 15 agreements with

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CBDT asks I-T department to take urgent steps

ICAI - News 15 Sep ,2017

With revenue collection from the TDS category witnessing a sluggish pace, the CBDT had asked the I-T department to pull up its socks and take "urgent"

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GDP to remain below 6% in Q2 FY?18: SBI

ICAI - News 15 Sep ,2017

Country?s gross domestic product (GDP) is likely to remain below 6% in the second quarter of 2017-18 owing to muted agriculture growth and sluggish pe

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Need more time to roll out 5G network: Telecom Secretary

ICAI - News 15 Sep ,2017

The country needs more time to launch fifth generation technology (5G) in its telecom network, said Aruna Sundararajan, head of the Telecom Commission

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Lower IUC will turn all telcos, barring Jio, sick

ICAI - News 15 Sep ,2017

Warning that any move to lower the inter-connect usage charges (IUCs) would turn the entire telecom industry sick barring Reliance Jio, Aditya Birla G

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WPI inflation rises to four-month high of 3.24% in August

ICAI - News 15 Sep ,2017

Double-digit inflation in petrol and diesel, along with skyrocketing tomato prices, pushed the Wholesale Price Index (WPI)-based inflation up to a fou

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Intas Pharmaceuticals to go for $4-billion deals in a month

ICAI - News 15 Sep ,2017

Ahmedabad-based Intas Pharmaceuticals had emerged as the dark horse last October when it acquired the generic business of Actavis in the UK and Irelan

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Tata Sons plans to go private limited

ICAI - News 15 Sep ,2017

In a notice to its shareholders ahead of the annual general meeting (AGM) scheduled for September 21, Tata Sons has sought approval to amend its memor

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US consumer prices accelerate in August

ICAI - News 15 Sep ,2017

U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that could allow further monetary

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Fitch expects fuel demand to remain strong at 5%

ICAI - News 15 Sep ,2017

The strong demand for oil products will continue and may stay above 5 per cent in the medium term, driven by demand for three key items - petrol, dies

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Gold retakes Rs 31,000 level on demand push, soars Rs 650

ICAI - News 15 Sep ,2017

Gold today took strength from a positive trend overseas by surging Rs. 650 per 10 grams to seize the Rs. 31,000 level, driven up by fresh local buying

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FPIs sell equities worth $613 million so far in September

ICAI - News 15 Sep ,2017

Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $613 million in September, after offloading stocks worth nearly $2 billion

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ICICI Lombard raises Rs 1,625 cr from anchor investors

ICAI - News 15 Sep ,2017

ICICI Lombard General Insurance Company raised about Rs 1,625 crore from 64 anchor investors on Thursday, a day before its initial public offering (IP

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Non-food bank credit grows 7.28 per cent

ICAI - News 15 Sep ,2017

Non-food bank credit grew 7.28% year-on-year (y-o-y) during the fortnight ended September 1. The growth in non-food credit was at a five-month high of

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Fitch Rating has negative outlook on banks, raises capital concerns

ICAI - News 15 Sep ,2017

Fitch Rating today held out a negative outlook on the country?s banking sector, citing weak capital position and financial performance. The global rat

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Dollar debt from India still apple of the eye for foreigners

ICAI - News 15 Sep ,2017

For all the weak spots in India?s economy, investor love for the nation?s offshore bonds endures. Companies have sold $10.6 billion of dollar debt so

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Govt taking steps to check spot power rates: A K Bhalla

ICAI - News 15 Sep ,2017

The government is taking steps to check spot prices of power that zoomed to over Rs 9 per unit yesterday following shortage of supply from hydro-power

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Income-tax department, MCA team up against shell firms

ICAI - News 15 Sep ,2017

The income tax (I-T) department and the Ministry of Corporate Affairs (MCA) have signed a pact to regularly share data, including PAN and audit report

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HC exempts export company from paying IGST for import

ICAI - News 15 Sep ,2017

The Delhi High Court has allowed a private company to import goods to manufacture products for export, without paying the additional levy of the lates

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India?s forex reserves all set to hit whopping $400 bn mark; here is how long it took and why

ICAI - News 15 Sep ,2017

India?s foreign exchange reserves have climbed tantalisingly close to the $400-billion mark ? to be precise, the reserves stood at $398.123 billion on

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China?s economy losing some steam as investment growth hits 18-year low

ICAI - News 15 Sep ,2017

China posted a rare flurry of disappointing data on Thursday -- including its slowest growth in investment in nearly 18 years -- suggesting the world?

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Suzuki commits Rs 3,800 cr for 3rd manufacturing unit in Gujarat

ICAI - News 15 Sep ,2017

Upping its investments in India, Japan?s Suzuki Motor Corporation on Thursday announced fresh investments of around Rs 3,800 crore in Gujarat to add a

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How Repeal of US Debt Ceiling May Actually Benefit Economy

ICAI - News 14 Sep ,2017

The possible cancellation of the US national debt limit may benefit the country's economy and reduce the uncertainty and risk of default, but might si

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Sir James Dyson expects no Brexit deal

ICAI - News 14 Sep ,2017

Sir James, who founded the engineering firm Dyson, told the BBC such an arrangement would "hurt the Europeans more than the British". Brexit uncertain

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Asia has long relied on manufacturing for growth ? that's now under threat

ICAI - News 14 Sep ,2017

The competitive edge for Asian economies ? many of which depend on low-cost labor and exports for growth ? will likely erode as technology changes the

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China's reforms are actually kicking in

ICAI - News 14 Sep ,2017

China's supply-side reforms appear to be working as the world's second-largest economy is showing positive signs, said Jing Ulrich, managing director

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Exporters seek clarity on incentives under GST

ICAI - News 14 Sep ,2017

Exporters say they're facing difficulties owing to ambiguity about benefits continuing under goods and services tax (GST) from the previous tax regime

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Spot Power Prices Rise to Three-Year Peak of Rs 9 per Unit

ICAI - News 14 Sep ,2017

Spot market power prices have peaked to Rs 9 per unit, a three-year high, while the average price on India Electricity Exchange Rs 5 per unit on low e

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Uneven Mandi tax adds to GST burden

ICAI - News 14 Sep ,2017

Even as the dust kicked up by the Goods and Services tax is yet to settle, traders and companies have to face another conundrum?? an uneven mandi tax.

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Why inflation may continue to inch up

ICAI - News 14 Sep ,2017

The trend of falling inflation may not sustain, indicated a Business Line article dated June 13 (Down and out: Why food inflation may pick up from her

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Hindalco Ind to pre-pay ?1,100-cr high-cost debt this month

ICAI - News 14 Sep ,2017

Hindalco Industries, part of the Aditya Birla Group, is looking to save ?800 crore this fiscal by pre-paying high-cost debt. Responding to shareholder

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General insurers clock 32% jump in Aug premium at Rs 11,931cr

ICAI - News 14 Sep ,2017

Indias general insurers clocked over 32 per cent jump in premium collection at Rs 11,931.01 crore in August this fiscal, Irdai data showed.The non-lif

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Efforts on to revive Gold Monetisation Scheme

ICAI - News 14 Sep ,2017

All-out efforts are being made to revive the Gold Monetisation scheme, which failed to take off since its launch two years ago.The aim of this scheme

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China preps sale of $2 billion dollar-priced bonds, first since 2004

ICAI - News 14 Sep ,2017

China is laying the groundwork for its first sale of U.S.-dollar sovereign bonds in more than a decade, a move toward expanding its ties with global i

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Stagnant market pain for Apple, Samsung

ICAI - News 14 Sep ,2017

With the launch of Apple?s iPhone devices and the Samsung Galaxy Note 8, the two behemoths of the consumer technology space are back in the ring to se

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Note ban-hit Raymond presses reset button to regain growth

ICAI - News 14 Sep ,2017

Even as the Singhanias of Raymond fight a pitched court battle over the company?s assets, the professional management of the textile-to-retail empire

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SC paves way for trial against RIL in 1987 excise evasion case

ICAI - News 14 Sep ,2017

The Supreme Court has paved the way for trial against the Reliance Industries Ltd in a three- decade old case relating to alleged evasion of excise du

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11 buyers line up for Jaiprakash Power

ICAI - News 14 Sep ,2017

Even at a time when the power generation sector is under stress, lenders of Jaiprakash Power Ventures have managed to get as many as 11 suitors for th

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Malaysia Airlines agrees to $3-bn Boeing plane deal

ICAI - News 14 Sep ,2017

Malaysia Airlines Berhad agreed to buy Boeing Company?s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation?s flag carrier looks to boost

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Coal stocks dip on short supply, higher power generation: Govt

ICAI - News 14 Sep ,2017

There has been a dip in coal stocks at power plants due to sudden rise in electricity generation amid restrained output and supplies on account of "ex

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Global oil inventories shrinking on robust demand: IEA

ICAI - News 14 Sep ,2017

The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC an

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Mutual funds log Rs. 62,000 cr inflows in August

ICAI - News 14 Sep ,2017

Investors have pumped in close to Rs. 62,000 crore into various mutual fund schemes in August, driven by equity and money market funds.With this, tota

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RBI not comfortable with cryptocurrencies like Bitcoins: Sen

ICAI - News 14 Sep ,2017

The Reserve Bank is uncomfortable with "non-fiat" cryptocurrencies like Bitcoin, its executive director Sudarshan Sen said today."As regards non-fiat

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From Mahindra and Mahindra to Maruti Suzuki, pre-owned vehicles sellers cash-in as buyers take to used cars

ICAI - News 14 Sep ,2017

Organised used car sellers, which account for merely 15% of the overall pre-owned car space, have started seeing a dramatic rise in volumes. As the pr

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OYO raises $10 mn from hospitality major China Lodging Group

ICAI - News 14 Sep ,2017

Hospitality firm OYO on Wednesday said China Lodging Group has signed an agreement to invest $10 million (over Rs 63 crore) as equity in the company.O

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Zomato acquires food delivery start-up Runnr

ICAI - News 14 Sep ,2017

Food technology start-up Zomato Media Pvt. Ltd has acquired delivery start-up Runnr as part of a widely expected, all-stock deal that would help the f

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Unacademy raises $11.5 mn Series B funding led by Sequoia India and SAIF Partners

ICAI - News 14 Sep ,2017

Bengaluru-based online education platform Unacademy today raised Series B funding of $11.5 million led by Sequoia India and SAIF Partners. Existing in

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BPCL to raise $500 million via bonds

ICAI - News 14 Sep ,2017

Bharat Petroleum Corporation (BPCL) plans to raise $500 million (Rs 3,300 crore) in dollar bonds by mid-November to meet its capital expenditure targe

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Bharti Airtel Partners Korea?s SK Telecom To Become Next Gen Future Ready Telco

ICAI - News 14 Sep ,2017

Indian telecommunications service provider Bharti Airtel on Wednesday (13 September) has announced a strategic partnership with Korea?s SK Telecom to

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Huge relief for 10 home buyers of Jaiprakash Associates, SC orders Rs 50 lakh relief

ICAI - News 14 Sep ,2017

The Supreme Court on Wednesday asked realty firm Jaiprakash Associates (JAL) to pay Rs 50 lakh as an interim relief to 10 home buyers of its Jaypee Ka

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Sachin Tendulkar co-owned Smaash Entertainment gets Rs 300 cr booster shot; goes on buying spree

ICAI - News 14 Sep ,2017

Edelweiss Group has invested Rs 300 crore of mezzanine funds (a hybrid of debt and equity financing that gives the lender the right to convert to an o

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Auditors come under lens amid crackdown on shell companies

ICAI - News 14 Sep ,2017

A multi-agency clampdown has begun on shell companies to tackle the black money menace wherein the role of auditors has come under the scanner for all

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India FY18 GDP growth likely at 7.1 pc: Nomura

ICAI - News 14 Sep ,2017

India?s GDP growth is expected to be around 7.1 % this fiscal following a likely pick up in industrial production as firms resort to ?restocking? post

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As India Inc struggles to cut down debt, the economy suffers

ICAI - News 14 Sep ,2017

India?s cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest

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Electricity prices at IEX skyrocket; here is the surprise reason

ICAI - News 14 Sep ,2017

Spot prices of electricity at the Indian Energy Exchange (IEX) have skyrocketed due to a surge in demand from state-owned discoms. For the peak-demand

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Notification No.44/2017-Customs (ADD)

ICAI - News 14 Sep ,2017

Seeks to impose anti-dumping duty concerning imports of "Ammonium Nitrate"originating in exported from Russia, Indonesia, Georgia and Iran.

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Notification No.85/2017 Customs (N.T.)

ICAI - News 14 Sep ,2017

Defining jurisdiction of customs officers for the purpose of audit

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Notification No.84/2017 Customs (N.T.)

ICAI - News 14 Sep ,2017

Rate of exchange of conversion of the foreign currency with effect from 8th September, 2017

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Notification No. 75 /2017 Customs

ICAI - News 14 Sep ,2017

seeks to exempt goods imported for organising FIFA under 17, world cup, 2017.

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Notification No. 74 /2017 Customs

ICAI - News 14 Sep ,2017

seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar[1701] upto a quantity of 3 lakh

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Notification No.RBI/2017-18/55

ICAI - News 14 Sep ,2017

Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards

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Notification No.RBI/2017-18/54

ICAI - News 14 Sep ,2017

Inclusion of ?Ujjivan Small Finance Bank Limited? in the Second Schedule to the Reserve Bank of India Act, 1934

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Notification No.RBI/2017-18/53

ICAI - News 14 Sep ,2017

Alteration in the name of "National Bank of Abu Dhabi PJSC" to "First Abu Dhabi Bank PJSC" in the Second Schedule to the Reserve Bank of India Act, 19

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Notification No.RBI/2017-18/52

ICAI - News 14 Sep ,2017

Inclusion of ?Qatar National Bank SAQ? in the Second Schedule to the Reserve Bank of India Act, 1934

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SBI Life To Launch First Billion Dollar IPO In Seven Years

ICAI - News 13 Sep ,2017

SBI Life Insurance Co Ltd will launch an initial public offering next week to raise as much as $1.3 billion, sources with direct knowledge told Reuter

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Infosys To Set Up Innovation Hub In Raleigh, Hire 2,000 Americans

ICAI - News 13 Sep ,2017

India's second largest software services firm Infosys today said it will set up a technology and innovation hub in Raleigh in North Carolina, where i

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Pragati Maidan Revamp: Shapoorji Pallonji Gets Rs. 2,150 Crore Order

ICAI - News 13 Sep ,2017

State-owned NBCC Ltd today said it has awarded the contract to redevelop ITPO Complex at Pragati Maidan in the national capital to Shapoorji Pallonji

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As corporate India struggles to cut down debt, the economy suffers

ICAI - News 13 Sep ,2017

India's cash crunch and confusion over the introduction of a national sales tax were initially blamed for pulling economic growth down to its weakest

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China plans nationwide use of ethanol gasoline by 2020, state media says

ICAI - News 13 Sep ,2017

China plans to roll out the use of ethanol in gasoline nationally by 2020, state media reported on Wednesday citing a government document, as Beijing

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Finance is struggling, but here's a booming industry

ICAI - News 13 Sep ,2017

The clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, a

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US poverty rate back to pre-crisis levels

ICAI - News 13 Sep ,2017

The median household income increased by 3.2% to $59,039 (?44,480), rising for a second consecutive year as more people found full time jobs.At the sa

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Angels must now learn to fly with clipped wings

ICAI - News 13 Sep ,2017

Startups and their early-stage lifelines ? angel networks ? will now have to walk a thin line to be on the right side of law. A few weeks ago, Sebi to

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India up 2 spots in WEF?s Human Capital Index

ICAI - News 13 Sep ,2017

India has moved up two spots on the World Economic Forum?s Human Capital Index 2017. It ranks 103 of 130 countries, up from 105 the year before. Norwa

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Public spending the only channel for Centre to revive growth

ICAI - News 13 Sep ,2017

To revive economic growth after it crashed to its lowest level in Narendra Modi?s tenure as prime minister, the Centre has just one recourse ? higher

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Tyre companies? margins to recover as demand revives

ICAI - News 13 Sep ,2017

Profit margins of tyre manufacturers are likely to record steady growth over the next couple of years due to a recovery in demand.Tyre companies? oper

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15 Japanese companies to invest in Gujarat

ICAI - News 13 Sep ,2017

As many as fifteen Japanese firms would sign agreements to invest in Gujarat during Japanese Prime Minister Shinzo Abe's visit, while the state would

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GoM headed by Sushil Modi to look into GSTN portal hiccups

ICAI - News 13 Sep ,2017

Bihar Deputy Chief Minister Sushil Kumar Modi will head a five-member grouping of state ministers to look into technical challenges being faced by the

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Toyota says Brexit talks drift could threaten UK production

ICAI - News 13 Sep ,2017

Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota (7203.T) to shift some UK production elsewhere if the

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Fox worries prompt UK to take long look at Murdoch's Sky bid

ICAI - News 13 Sep ,2017

Rupert Murdoch?s planned $15 billion takeover of European broadcaster Sky (SKYB.L) was thrown into doubt on Tuesday when Britain toughened its stance

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U.K. Inflation Jumps More Than Forecast to Match 4-Year High

ICAI - News 13 Sep ,2017

U.K. inflation is on the rise again, accelerating more than forecast in August after the biggest surge in clothes prices in almost three decades.The j

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Exclusive: Toshiba favors Bain group for chip sale; Western Digital talks stall

ICAI - News 13 Sep ,2017

Toshiba Corp (6502.T) now favors a group led by Bain Capital LP and SK Hynix Inc (000660.KS) to buy its prized semiconductor business, as it failed to

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Investments contract in first 4 months of FY18

ICAI - News 13 Sep ,2017

An investment revival looks increasingly unlikely in the immediate future. The capital goods segment in the Index of Industrial Production (IIP), a pr

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Cabinet clears bill to double tax-free gratuity to Rs 20 lakh

ICAI - News 13 Sep ,2017

In a move that will bring a cheer to private and public sector employees in the country, the government has decided to double the upper limit of tax-f

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67 of total 671 selected startups receive tax benefits so far, says minister

ICAI - News 13 Sep ,2017

The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, minister of state for co

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Govt Notifies GST Cess Hike On Mid & Large Cars, SUVs

ICAI - News 13 Sep ,2017

The government has notified levy of increased GST cess of up to 7 per cent on mid-size, large and SUV cars.The GST Council on September 9 had decided

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GSTR1 nosedives as businesses get filing breather

ICAI - News 13 Sep ,2017

The pace of filing goods and services tax (GST) returns under sales, or GSTR1, nosedived on Saturday evening, when the Council in the meeting in Hyder

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Myntra expects 5-fold jump in sales during Flipkart's BigBillionDays sale

ICAI - News 13 Sep ,2017

Flipkart-owned online fashion retailer Myntra is expecting to sell three million products ? a five-time increase in sales as compared to a normal day

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IndiGo's huge cash reserve to be used on capacity building

ICAI - News 13 Sep ,2017

The proposed sale and issue of fresh shares by IndiGo can fetch India?s largest airline Rs 5,370 crore, providing a major impetus to its expansion pla

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Over 100,000 shell firm directors disqualified for five years

ICAI - News 13 Sep ,2017

In a fresh crackdown, the Ministry of Corporate Affairs has disqualified 106,578 directors for their association with shell firms. This comes just a f

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Tax department asks DoCoMo to pay Rs 2,500 cr on Tata Tele award

ICAI - News 13 Sep ,2017

NTT DoCoMo, the Japanese telecom major, has been slapped with a tax demand of up to Rs 2,500 crore, after it won Rs 8,256 crore as damages from Tata S

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CCEA gives nod to Rs 10,881-cr dairy processing & infrastructure fund

ICAI - News 13 Sep ,2017

The Cabinet Committee on Economic Affairs (CCEA) today approved a Dairy Processing and Infrastructure Development Fund with an outlay of Rs 10,881 cro

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PSU bank merger should follow balancesheet clean-up: Raghuram Rajan

ICAI - News 13 Sep ,2017

Mergers of public sector banks should be done only after balance sheets are cleaned up and these are nursed back to health with adequate capitalisatio

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State Bank of India to unveil Project Lotus; here is how you can gain

ICAI - News 13 Sep ,2017

A superstore that gives you exclusive deals when you shop for shoes or smartphones. Lets you check out homes within your budget. Saves you interest ev

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Income-tax department calls big corporate entities to pay advance taxes

ICAI - News 13 Sep ,2017

The income-tax (I-T) department is ?coaxing? top corporate entities to make the 45 per cent of the total advance tax payment by September 15, the due

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Gold ETFs register Rs300 crore outflow in April-August

ICAI - News 13 Sep ,2017

Gold exchange-traded funds (ETFs) continued losing sheen as an investment class as investors pulled out over Rs300 crore from the instrument in April-

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India?s oil demand falls 6.1%, the most in 14 years

ICAI - News 13 Sep ,2017

India?s oil consumption in August shrank 6.1%, the most since April 2003, as floods ravaged several parts of the country curbing demand for diesel and

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FPIs sell equities worth $800 million so far in September

ICAI - News 13 Sep ,2017

Foreign Portfolio Investors (FPIs) have sold Indian equities worth close to $800 million in September, after offloading stocks worth nearly $2 billion

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J&K Bank cuts interest rate on savings account to 3.5%

ICAI - News 13 Sep ,2017

Public sector lender Jammu and Kashmir Bank (J&K Bank) has lowered the interest rate on its savings bank accounts by 0.50 per cent to 3.50 per cent wi

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Govt must pump in more capital into PSU banks for effective NPA resolution: Fitch

ICAI - News 13 Sep ,2017

Fitch Ratings on Tuesday said the government will have to pump in additional capital into public sector banks to aid effective bad loan resolution and

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Fearing NPAs, banks shun renewable energy companies; here are reasons why that is

ICAI - News 13 Sep ,2017

Lenders are worried about the drop in tariff in the renewable power sector and are increasingly becoming more cautious in lending to the sector on fea

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Private placement of corporate bonds hits record Rs 2.73L cr in April-August

ICAI - News 13 Sep ,2017

Private placement of corporate bonds hit a record high of Rs 2.73 lakh crore in the first five months of fiscal year 2018, according to the data from

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Force Motors, Rolls-Royce Power tie up to make engines

ICAI - News 13 Sep ,2017

Pune-based auto firm Force Motors Ltd on Tuesday said it has entered into a non-binding joint venture agreement with Rolls-Royce Power Systems AG to p

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India Inc's M&A value dips 46 per cent in August: Grant Thornton

ICAI - News 13 Sep ,2017

Corporate India's merger and acquisition activity moderated by 46 per cent to USD 939 million in August compared to the same month last year as firms

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Flipkart Big Billion Days Sale, Amazon Great India Festival, other offers coming, but e-retailers a worried lot

ICAI - News 13 Sep ,2017

Even as e-tailers gear up to rain discounts on the eve of the festive season, expect flat growth compared to last year. Despite the upcoming Big Billi

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Jet Airways Q1 profit more than doubles to Rs53.5 crore

ICAI - News 13 Sep ,2017

Jet Airways (India) Ltd?s net profit more than doubled in the June quarter as healthy domestic growth offset muted earnings from its global operations

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IIP rises only 1.2%, food inflation at 5-month high

ICAI - News 13 Sep ,2017

The data on the Index of Industrial Production (IIP) and consumer price index (CPI)-based inflation, released on Tuesday, were more bad news for the N

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Centre clears BSNL tower spin-off, but here is why this is 2 years too late

ICAI - News 13 Sep ,2017

Two years after giving its in-principle nod, the Union Cabinet on Tuesday approved the hiving off of the mobile towers business of BSNL into a separat

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EU Worries Grow over U.S. Economic Chaos

ICAI - News 12 Sep ,2017

Stanley Fischer, the 73-year-old vice chair of the US Federal Reserve, is familiar with the decline of the world's rich. He spent his childhood and yo

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Li Is Upbeat on China Economy as Lagarde Cites Push to Curb Risk

ICAI - News 12 Sep ,2017

Premier Li Keqiang said China?s economy will maintain its momentum and that the leverage ratio has "decreased somewhat" as authorities push on with a

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UK inflation rate rises to 2.9%

ICAI - News 12 Sep ,2017

UK inflation measured by the Consumer Prices Index rose to 2.9% in August, up from 2.6% in July, figures show. The fall in the value of sterling since

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China?s Electric Car Push Lures Global Auto Giants, Despite Risks

ICAI - News 12 Sep ,2017

Volkswagen, the German auto giant, is preparing for a swift expansion in its output of electric cars next year ? and the biggest jump in production wi

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Shinzo Abe visit to expand defence, strategic ties between India, Japan

ICAI - News 12 Sep ,2017

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will set the future course of the strategic and global partnership between the tw

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Gold gets a festive lift, tops Rs 31,000-mark

ICAI - News 12 Sep ,2017

Gold overcame a sluggish global trend by surging Rs 470 to trade at Rs 31,000 per 10 grams today after local jewellers ramped up buying for the festiv

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Saudi, UAE agree extension of oil cuts may be considered: statement

ICAI - News 12 Sep ,2017

Saudi Arabia?s Energy Minister Khalid al-Falih agreed with his UAE counterpart that an extension of a pact on global oil supply cuts beyond March 2018

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Cybersecurity breaches: Centre is looking to roll out this major innovative approach

ICAI - News 12 Sep ,2017

The government is working on creating a single framework for reporting breach of cyber security at financial institutions and a working group is soon

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Online wholesale segment to mirror offline soon? Here is what will create a level playing field

ICAI - News 12 Sep ,2017

The promise of goods and services tax (GST) to improve compliance has brightened the prospect of the online wholesale segment, which has often compete

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Domestic LNG business set to take off after being given up for dead; here is what is fueling hope

ICAI - News 12 Sep ,2017

The domestic LNG business, which has not been able to take off due to unaffordable price of imported gas, seems set for a revival as suppliers have be

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SC gives relief to lenders and homebuyers too

ICAI - News 12 Sep ,2017

In a relief to IDBI Bank and others in the consortium of lenders to Jaypee Infratech, the Supreme Court on Monday not only restored the insolvency res

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Government to grant near-complete autonomy to top class institutes: Prakash Javadekar

ICAI - News 12 Sep ,2017

The Centre has decided to grant nearly complete autonomy and freedom from regulators to 15 per cent of the "top class institutes" of the country, Unio

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Developers seek change in Gujarat solar policy

ICAI - News 12 Sep ,2017

Solar developers have petitioned Gujarat?s power regulator seeking a change in its solar policy, pointing out a major lacuna which is impeding the gro

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World Bank accepts many of Modi govt's reform claims, big thumbs-up likely next month

ICAI - News 12 Sep ,2017

The government expects a double-digit improvement in India?s rank in the global index on ease of doing business, likely to be announced by the World B

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Government to revisit stent price control in February

ICAI - News 12 Sep ,2017

Global stent makers seeking higher prices for their new products in India or exemption from price control may have to wait until February for relief.

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Direct tax revenue grows 17.5 per cent to Rs 2.24 lakh crore

ICAI - News 12 Sep ,2017

Net direct tax collections for April-August grew 17.5 per cent from last year to Rs 2.24 lakh crore, amounting to 22.9 per cent of the total Budget es

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Merchandise exporters cheer as rupee falls against some peers

ICAI - News 12 Sep ,2017

The rupee's appreciation against the dollar masks the windfall gains for exporters of merchandise goods to Delhi's traditional trading partners -the U

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Confusion over branded food GST

ICAI - News 12 Sep ,2017

The GST Council's statement over the weekend on applying tax on branded food items has left most of the trade confused. Even though the Council has n

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NSE-led shareholders likely to exit CAMS

ICAI - News 12 Sep ,2017

The National Stock Exchange of India is looking to sell its 45 per cent stake in mutual funds transfer agency Computer Age Management Services ahead o

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RBI dollar purchases hit three-yr high in forwards

ICAI - News 12 Sep ,2017

The central bank's US dollar purchases in the forward market hit a three-year high of $9.4 billion last month as the regulator sought to cushion the

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Sebi panel proposes a new window for block deals

ICAI - News 12 Sep ,2017

A committee appointed by India?s capital-markets regulator has proposed a new afternoon window for block deals on the secondary market to ensure confi

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GST cess pulls cigarette sales down 8-9% in July-August

ICAI - News 12 Sep ,2017

India's legal cigarette sales volume declined by 8-9 per cent in July and August over the same period last year due to the steep increase in cess unde

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Dalal Street bulls in sweet spot as Nifty aims for 10,090

ICAI - News 12 Sep ,2017

Confidence of the bulls seems to have returned with the Nifty reconquering the 10,000 mark on Monday. A development that bodes well for investors is t

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IndusInd, Bharat Fin merger likely to be a win-win for both

ICAI - News 12 Sep ,2017

The potential merger between Bharat Financial Inclusion (BFI) and the IndusInd Bank may help the latter expand its microfinance loan book about three

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Airtel has misrepresented facts & data, accuses Jio

ICAI - News 12 Sep ,2017

Reliance Jio has accused Bharti Airtel of mispresenting facts and wrongly interpreting the newcomer?s data on purpose, to ?create a smoke-screen to h

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Supreme Court lifts stay on insolvency move against Jaypee infra

ICAI - News 12 Sep ,2017

The Supreme Court on Monday lifted a stay on insolvency resolution proceedings against Jaypee Infratech and ordered its parent, Jaiprakash Associates

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Religare gets shareholders' nod to invest 500 crore in arm

ICAI - News 12 Sep ,2017

Religare Enterprises shareholders have approved a proposal to invest up to 500 crore in its arm Religare Capital Markets for repaying debt related to

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Zilingo Sits Pretty with Rs 113 cr from Sequoia, Burda, Others

ICAI - News 12 Sep ,2017

Zilingo, an ecommerce platform catering to Southeast Asian markets for fashion and lifestyle products, has raised $17 million `113 crore) as part of i

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Tonbo Imaging raises Rs 120 crore in largest private venture investment in domestic defence

ICAI - News 12 Sep ,2017

Tonbo Imaging, a Bengaluru-based startup that partners with the Indian military, has raised Rs 120 crore in series-B funding led by WRV Capital, the

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Strong sales growth in August: Auto companies make hay in days of cess and rain

ICAI - News 12 Sep ,2017

Sales of cars, SUVs, two-wheelers and commercial vehicles registered a strong uptick last month with several consumers advancing purchases on reports

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Nuclear deal between India and Japan opens up new vistas of cooperation

ICAI - News 12 Sep ,2017

Prime Minister Shinzo Abe is visiting India nearly two months after operationalisation of the historic Indo-Japan civil nuclear deal, which has added

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India to partner Afghanistan for 116 ?high impact? projects

ICAI - News 12 Sep ,2017

India and Afghanistan on Monday agreed to launch a New Development Partnership involving 116 new high impact development projects jointly implemented

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India Inc top deck pays the price for delay in changes to Companies Act

ICAI - News 12 Sep ,2017

Well-known current and former CEOs of some key Indian blue chips lead the list of people whose revised compensation packages have been delayed for the

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Morgan Stanley to make first close of $400-500 million next month

ICAI - News 12 Sep ,2017

Mint brings to you your daily dose of top deals reported by newsrooms across the country.JSW Group in talks with China?s Zhejiang Geely for electric v

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126 McDonald's Outlets In North, East India Continue To Operate Fully: Vikram Bakshi

ICAI - News 11 Sep ,2017

McDonald's estranged partner Vikram Bakshi has claimed that 126 outlets in north and east India continue to operate fully even as the US-based fast fo

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Bain, SK Hynix Group raise bid for Toshiba chip unit to $22.3 billion

ICAI - News 11 Sep ,2017

A group including Bain Capital and South Korea?s SK Hynix has raised its offer for Toshiba Corp?s chip business to 2.4 trillion yen ($22.3 billion) in

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Here's how Direct Taxes Code can simplify taxation and reduce your tax outgo

ICAI - News 11 Sep ,2017

The Finance Ministry is planning to revamp the direct tax structure. Previous attempts to overhaul direct taxes were not successful. In 2009, the Dire

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Russia's Rosneft prepares for oil at $40-$43 in 2018: CEO

ICAI - News 11 Sep ,2017

Russia?s top oil producer Rosneft expects average global oil prices between $40 and $43 a barrel in 2018 and is preparing for such a level, Chief Exec

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IndusInd Bank in talks to buy microlender Bharat Financial

ICAI - News 11 Sep ,2017

IndusInd Bank Ltd has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd, in a deal that will help the private sector

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Dell EMC eyes $26 billion opportunity in India; to capitalise on JAM

ICAI - News 11 Sep ,2017

American data storage company Dell EMC sees a $26 billion addressable market opportunity in India for hardware, software, services and consultancy pro

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Passenger Vehicles sales up by 14% in August on festive demand

ICAI - News 11 Sep ,2017

Sales of passenger vehicles in the domestic market went up by a strong 13.76% to 29.4335 units last month as carmakers stocked dealerships ahead of th

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5 reasons why Amsterdam is the heart of Europe?s digital economy

ICAI - News 11 Sep ,2017

One of the oldest cities in the industrialised world, Amsterdam has always stood at the forefront of international business and commerce. Located with

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Prime Minister Explains Consequences of Russia's Economy Growth

ICAI - News 11 Sep ,2017

Russian Prime Minister Dmitry Medvedev said that as Russia's economy is growing, a number of positive trends are emerging, which will be reflected in

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China August producer inflation jumps to four-month high as economy races along

ICAI - News 11 Sep ,2017

China?s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and poi

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Artisans with Rs 20 lakh turnover exempt from GST registration

ICAI - News 11 Sep ,2017

The GST Council today exempted artisans and folk artists with an annual turnover of up to Rs 20 lakh from registration under the just introduced Goods

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GST rates changed for 40 items, deadline for GSTR 1 filing extended to October

ICAI - News 11 Sep ,2017

The Goods and Services Tax Council on Saturday raised the cess on motor vehicles--mid-size cars, large cars and sports utility vehicles by 2%, 5% and

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India August inflation seen at 5-month high on rising food costs

ICAI - News 11 Sep ,2017

India?s retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, eas

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Reduction in GST on supply of scrips to boost exports: FIEO

ICAI - News 11 Sep ,2017

Welcoming the decision of the GST Council of reducing the rate on supply of various scrips from 12 per cent to 5 per cent, the Federation of Indian Ex

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Riding on big projects, Shinzo Abe looks to boost ties with India

ICAI - News 11 Sep ,2017

and making India a hub of Japanese investments, Prime Minister Shinzo Abe will launch mega initiatives including Suzuki Motor Corporation?s car factor

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Godrej Appliances eyes Rs4,000 crore turnover in FY18

ICAI - News 11 Sep ,2017

Godrej Appliances, the consumer durables division of the Godrej Group, is eyeing a turnover of Rs4,000 crore this fiscal, at growth of over 20%.?We ar

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Navayuga Group to induct strategic partner in Krishnapatnam terminal

ICAI - News 11 Sep ,2017

Hyderabad-based Navayuga Group will induct a strategic partner, potentially a container shipping line, into the terminal it runs at Krishnapatnam port

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Hotels To See 11-13% Growth In Room Revenue Over 5 Years: CARE

ICAI - News 11 Sep ,2017

The domestic hotel industry is expected to see room revenue rising at about 11-13 per cent CAGR over the next five years, mainly on the back of econom

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CBDT worried over GST impact on advance tax kitty

ICAI - News 11 Sep ,2017

The Central Board of Direct Taxes (CBDT) is worried about the impact of the Goods and Services Tax on the advance tax collections. It has asked Income

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Gold retains sheen on geo-political tensions

ICAI - News 11 Sep ,2017

Gold continues to hold on to its strength. North Korea conducting a hydrogen bomb test last Saturday (September 2) helped the yellow metal to open wit

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Fall in GDP figures structural, not transient, says SBI

ICAI - News 11 Sep ,2017

India?s GDP growth was expected to decline in the first quarter of the current fiscal, but the ?free fall? in the numbers shows that the problem is mo

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Trade deficit may improve to $10.3 billion in August: Morgan Stanley

ICAI - News 11 Sep ,2017

India's trade deficit is expected to improve in August to about USD 10.3 billion from USD 11.5 billion in July, largely on moderation in export as wel

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Govt to assess input tax credit claims of Rs 60,000 crore

ICAI - News 11 Sep ,2017

The government is in the process of checking the veracity of the around Rs 60,000 crore of claims made by entities for stocks before the implementatio

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HMSI plans rural push to race ahead

ICAI - News 11 Sep ,2017

Honda Motorcycle and Scooter India (HMSI) is pushing hard for a bigger pie in the domestic bike segment with plans to open 70 per cent of its 500 new

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Next set of NPAs must have credit rating: RBI

ICAI - News 11 Sep ,2017

A resolution plan finalised for the next set of stressed assets identified by the Reserve Bank of India (RBI) will be subject to a rating requirement

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India Renegotiates Australia LNG Price, To Save Rs 10,000 Crore

ICAI - News 11 Sep ,2017

India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia?s Gorgon project to save more than Rs 10,000 crore over the

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Adidas India FY17 net profit up 130 pct

ICAI - News 11 Sep ,2017

German sportswear maker Adidas has reported a 130% rise in net profit at Rs 95 crore in its India business for the financial year 2016-17. Net profit

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TDS, TCS deductors can apply for GST registration from 18 September

ICAI - News 11 Sep ,2017

The goods and services tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the da

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Delhi, Mumbai, Bengaluru, other cities property sales: Will you be buying during Diwali? Here are options before homebuyers

ICAI - News 11 Sep ,2017

It?s going to be another dull Diwali for real estate players, the third in a row. Launches of new properties, which have been trending down for about

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P-notes investment hits 5-year low of Rs. 1.35 lakh cr in July-end

ICAI - News 11 Sep ,2017

Investments in the domestic capital market through participatory notes (P-notes) slumped to a five year low of Rs. 1.35 lakh crore in July-end amid st

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Traffic on Bandra-Worli Sea Link rises to 37,336, but still woefully short of estimated 100,000

ICAI - News 11 Sep ,2017

Traffic on Mumbai?s Bandra-Worli sea link (BWSL) is picking up gradually but the business reported a 26% dip in profits in 2016-17. Although the avera

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Highway construction pace increases to 20.80 km a day, but still behind targets

ICAI - News 11 Sep ,2017

The pace of building highways accelerated to 20.80 km a day in the April-August period of 2017-18 from 7.36 km a day in the same period last fiscal, b

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GST cess hike on cars from today: Luxury, large cars, SUVs get expensive

ICAI - News 11 Sep ,2017

The increased Goods and Services (GST) cess on mid- sized, luxury and SUV cars will come into effect on Monday.The GST Council on September 9 decided

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India?s consumption story in trouble as consumer confidence falls: RBI poll

ICAI - News 11 Sep ,2017

Consumer confidence has fallen to levels seen three years ago, just before the Modi government came to power, according to the latest Reserve Bank of

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Zimbabwe's economy recovering: Mugabe

ICAI - News 09 Sep ,2017

President Robert Mugabe said on Friday that Zimbabwe?s economy, hobbled by foreign currency shortages and a widening budget deficit, was slowly reboun

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India?s burgeoning youth are the world?s future

ICAI - News 09 Sep ,2017

If you?ve ever been to India, it?s likely that you?ve been startled by how young the country looks; the streets of any Indian town, even of its villag

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China Aug imports beat forecasts but exports shows signs of softening

ICAI - News 09 Sep ,2017

China posted stronger-than-expected import growth in August, reinforcing views that the world?s second-largest economy is still expanding at a healthy

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ECB policymakers agree on cutting stimulus

ICAI - News 09 Sep ,2017

European Central Bank policymakers agreed at their meeting on Thursday that their next step would be to begin reducing their monetary stimulus, three

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West Bengal saw highest number of GST registrations in India, says official

ICAI - News 09 Sep ,2017

At 77 per cent, West Bengal topped the list of states with new registrations under the Goods and Services Tax regime, an official said on Friday.?The

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Relief for Jaypee Infrastructure homebuyers, PSU NBCC may complete 27 unfinished projects of builder

ICAI - News 09 Sep ,2017

State-run National Buildings Construction Corporation (NBCC) is assessing the viability of completing 27 unfinished Jaypee Group projects, senior gove

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ASCI pulls up Coca Cola, HUL, Emami, others for misleading ads

ICAI - News 09 Sep ,2017

Top FMCG companies, including Hindustan Unilever, Coca Cola, Emami and PepsiCo India Holding, have been pulled up by the advertising sector watchdog A

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Cargo traffic at 12 major ports up 3.2% to 274 MT in April-August

ICAI - News 09 Sep ,2017

The country?s 12 major ports saw cargo traffic go up by 3.26 per cent to 273.96 million tonnes (MT) in April-August of the ongoing fiscal, according t

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Agriculture Ministry readies 7 point strategy to double farmers income

ICAI - News 09 Sep ,2017

The agriculture ministry has drawn up a 7-point strategy to double farmers? income in the country. The plan includes improving irrigation efficiency,

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Tierra Agrotech buys Monsanto cotton seed business

ICAI - News 09 Sep ,2017

Hyderabad-based Tierra Agrotech Pvt Ltd on Friday said it acquired the branded cotton seeds business of Monsanto Holdings. ET was the first to report

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Troubled Tata Mundra plant gets partial relief from CERC

ICAI - News 09 Sep ,2017

The Central Electricity Regulatory Authority (CERC) has allowed Coastal Gujarat Power (CGPL), the Tata Power arm that runs the beleaguered 4,150-MW Mu

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GST council may keep tax load on cars below 50 per cent, cheer home budgets

ICAI - News 09 Sep ,2017

The Goods and Services Tax (GST) Council is likely to keep the overall tax incidence on motor vehicles below 50 per cent at its meeting in Hyderabad o

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China?s August producer inflation jumps to 4-month high

ICAI - News 09 Sep ,2017

China?s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and poi

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Dell EMCs govt businesses grow at 30% in H1 in India

ICAI - News 09 Sep ,2017

IT infrastructure provider Dell EMC has witnessed a 30 per cent growth in its business from government entities on citizens-focussed projects and smar

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Compass Gets Location Right, Rivals Look for Road Map

ICAI - News 09 Sep ,2017

?Takes you anywhere. No compass required.? That was Tata Motors' tagline in an advertisement aimed at Chrysler Jeep's first vehicle to be launched in

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ICICI Bank set to mop up ?2,099 cr on stake dilution in insurance arm

ICAI - News 09 Sep ,2017

ICICI Bank will rake in as much as ?2,099 crore, as it will be offloading a part ? 7 per cent ? of its current 62.95 per cent stake in ICICI Lombard G

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MCA issues notices to errant NBFCs

ICAI - News 09 Sep ,2017

In yet another attempt to crack the whip on shell companies, the Ministry of Corporate Affairs has issued notices to companies which were supposed to

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GST Council meet today: Packaged food without trademark may face 5% tax

ICAI - News 09 Sep ,2017

Packaged food items sold under a brand name without a registered trademark may face five per cent goods and services tax (GST). This is among the issu

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$7-BILLION OUTBOUND DEALS IN THE WORKS

ICAI - News 09 Sep ,2017

Indian companies have made $1.7-billion in outbound deals so far this year, against $9.6-billion overseas acquisitions in 2016. But this is set to cha

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China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

ICAI - News 09 Sep ,2017

Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Inv

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Acquisition of control: Sebi to continue with existing norms

ICAI - News 09 Sep ,2017

More than a year after suggesting bright line tests for ascertaining ?control? in a listed company, Sebi has decided not to tweak the existing takeove

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SEBI moots tighter norms for credit rating agencies

ICAI - News 09 Sep ,2017

SEBI on Friday proposed 10 per cent cross-shareholding cap in credit rating agencies along with a slew of measures for tightening the financial and op

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Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors

ICAI - News 09 Sep ,2017

Public sector lender Oriental Bank of Commerce (OBC) has slashed the marginal cost based lending rate (MCLR) by 0.05 percent for select maturities.The

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Forex kitty swells by $3.57 billion, closes in on $400 bn-mark

ICAI - News 09 Sep ,2017

The forex reserves surged by a massive USD 3.572 billion to touch a record high of USD 398.122 billion for the week ended September 1, on account of r

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Bonds weaken, call rates end higher

ICAI - News 09 Sep ,2017

Government bonds (G-Secs) weakened further on heavy selling pressure from banks and corporates, while the overnight call money ended higher due to sus

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Indiabulls Housing Finance raises Rs 1,000 crore via bonds

ICAI - News 09 Sep ,2017

Indiabulls Housing Finance on Friday said it has raised Rs 1,000 crore by issuing bonds on a private placement basis."The company today allotted 100,0

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BSNL to spend Rs 6,000 crore on expansion; Nokia, ZTE to get contracts

ICAI - News 09 Sep ,2017

Public telecom operator BSNL will invest Rs 6,000 crore for installing 40,000 Base Transceiver Stations (BTS) in the next two years to expand its mobi

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78% rise in paperless I-T assessment; all-India roll out by fiscal end

ICAI - News 09 Sep ,2017

The ambitious project to conduct paperless assessment for income tax payers rose by 78 per cent over the last three years, prompting the department to

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CPI inflation likely to be at 3.2% in August: Morgan Stanley

ICAI - News 09 Sep ,2017

Consumer price index-based inflation is likely to record a rise to 3.2 percent in August, driven by increases in food and oil prices, global brokerage

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Rupee at one-month high as dollar weakens post-ECB meet

ICAI - News 09 Sep ,2017

The Rupee on Friday closed at a one-month high of 63.78 to the dollar even as the greenback fell significantly against most of its peer currencies fol

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Gold price hits 11-month high of Rs30,360 on global cues

ICAI - News 09 Sep ,2017

Gold prices jumped by Rs235 per 10 grams to touch an 11-month high of Rs30,360 on Friday, tracking a solid trend overseas and increased buying by loca

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Countervailing duty imposed on some Chinese steel products

ICAI - News 09 Sep ,2017

The government has imposed countervailing duty for 5 years on imports of certain flat steel products from China to guard domestic players from imports

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Reliance Defence is now Reliance Naval and Engineering Limited

ICAI - News 08 Sep ,2017

Reliance Naval and Engineering Limited, controlled by Reliance Infrastructure Limited, has received the necessary approval for changing the name of Re

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Infosys to step up services in Dutch market, opens Amsterdam office

ICAI - News 08 Sep ,2017

Infosys, the country's second-largest software services firm, has opened an office in Amsterdam to strengthen its digital technology services in the D

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Shriram, IDFC likely to complete merger due diligence in 1 month

ICAI - News 08 Sep ,2017

The Shriram Group and IDFC are likely to complete the due diligence process for their proposed merger in a month?s time and submit the report to their

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Bharat Petroleum set to get Maharatna status

ICAI - News 08 Sep ,2017

State-run Bharat Petroleum Corporation (BPCL) is all set to become a Maharatna company. The oil marketing company is at present a Navratna firm. The d

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Dr Reddy?s Vizag unit gets 6 observations by German regulator

ICAI - News 08 Sep ,2017

Dr Reddy?s Laboratories (DRL) today said the German drug regulator has concluded the audit of its Visakhapatnam formulations facility with six major o

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HP Inc collaborates with Siemens for 3D printing

ICAI - News 08 Sep ,2017

In a bid to accelerate 3D printing for industrial production, global PC and printing major HP Inc on Friday announced integration of its ?Multi Jet Fu

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Indian retail may grow to Rs 85 lakh crore by 2021

ICAI - News 08 Sep ,2017

Indian retail industry, growing at 10 percent, may almost double to Rs 85 trillion (lakh crore) by 2021 steered by consumer data and technology disrup

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If your housing society maintenance bill is under Rs 5,000 you won't have to pay GST

ICAI - News 08 Sep ,2017

Goods and Services Tax (GST) will not be applicable on monthly maintenance charges paid to co-operative housing societies (CHS) if it Rs 5,000 a month

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China's iron ore imports edge up in August as steel prices soar

ICAI - News 08 Sep ,2017

China?s iron ore imports edged up in in August as soaring steel prices increased appetite for high-grade foreign ore in the world?s biggest steel prod

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China August imports beat forecasts but export grow shows signs of softening

ICAI - News 08 Sep ,2017

China posted stronger-than-expected import growth in August, reinforcing views that the world?s second-largest economy is still expanding at a healthy

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German trade surplus narrows as industrial motor sputters

ICAI - News 08 Sep ,2017

German imports grew far faster than exports in July, narrowing the trade surplus and suggesting Europe?s largest economy will again rely on domestic d

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Japan?s Q2 economic growth revised down from stellar first reading

ICAI - News 08 Sep ,2017

Japan?s economic growth in the second quarter was much slower than seen in a stellar preliminary reading, government data showed on Friday, confoundin

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Euro stands tall as beleaguered dollar loses traction after ECB meeting

ICAI - News 08 Sep ,2017

The euro hovered below a 2-1/2-year high versus the dollar on Friday, as a policy meeting by the European Central Bank did little to support the belea

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Switch to clean vehicles or be bulldozed:Gadkari to automakers

ICAI - News 08 Sep ,2017

Carmakers producing vehicles that run on traditional fuel, take note -- Union minister Nitin Gadkari has a clear message: Go for alternative fuel, els

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Indo-Singapore trade may reach $25 billion by FY20: FIEO

ICAI - News 08 Sep ,2017

Exporters' body FIEO today said there is a huge potential to increase bilateral trade between India and Singapore to USD 25 billion by 2019-20.India's

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China export growth slows in August but imports pick up

ICAI - News 08 Sep ,2017

Chinese exports grew slower than forecast in August, hit by weak global demand, but analysts said Friday that a jump in imports indicated a pick-up do

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Crude Oil prices to trade higher: Angel Commodities

ICAI - News 08 Sep ,2017

WTI oil prices declined by 0.1 percent on Thursday to close at D49.1 per barrel with Brent rising to a 5-1/2 month high while U.S. crude slipped on a

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Portfolio design is about matching an investor?s profile and needs

ICAI - News 08 Sep ,2017

You are presently investing Rs4,000 in an all-equity portfolio consisting of two tax-saving funds. You are seeking to expand it to a Rs10,000 per mont

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Rs 5.5 lakh-crore river interlinking to take off by December

ICAI - News 08 Sep ,2017

The government?s Rs 5.5-lakh-crore plan to undertake 30 river interlinking projects, which is likely to end excessive floods and drought in the count

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Government offers online tool to resolve foreign trade issues

ICAI - News 08 Sep ,2017

The government has set up an online service facility that can be used by importers and exporters to resolve all foreign trade-related issues, an offi

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Bank of India Cuts Lending Rates By 0.05-0.10% From Sept 10

ICAI - News 08 Sep ,2017

Public sector lender Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10. "Bank of India has reduced its margi

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Current account deficit may widen to 3% in Apr-Jun: Nomura

ICAI - News 08 Sep ,2017

The country's current account deficit is likely to widen to 3 percent in the second quarter of 2017 due to sharp deterioration in trade deficit, says

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NBFCs' share of retail loans at a 10-year high

ICAI - News 08 Sep ,2017

Retail non-banking finance companies (NBFCs) are on a roll. Their share of total retail lending in India reached an all-time high of 36 per cent at th

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'Less tax, no input credit' plan for small businesses may return soon

ICAI - News 08 Sep ,2017

The composition scheme, which is applicable to specific categories of small businesses whose turnover is Rs 75 lakh and below and had been closed on A

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Gold loan companies see return on assets soar to 2012 levels

ICAI - News 08 Sep ,2017

Gold-finance companies have seen return on assets rise to 2012 levels of around 4 per cent in financial year 2016-17 because the lenders moved to peri

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China Foreign Reserves Rise a Seventh Month Amid Yuan Strength

ICAI - News 08 Sep ,2017

China?s foreign-exchange reserves posted a seventh straight gain in August as the yuan rose in its best monthly performance in at least a decade.Key P

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Amazon opens country's largest fulfilment centre in Hyderabad

ICAI - News 08 Sep ,2017

American e-commerce company Amazon on Thursday opened its largest fulfilment centre (FC) in the country at the GMR-led Rajiv Gandhi International Airp

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Major Banks' Commodities Revenue Sinks to 11-Year Low

ICAI - News 08 Sep ,2017

Commodities revenue at major banks took a further knock in the first half, sinking to an 11-year low amid poor performances in energy.Combined income

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Euro strength worries ECB as Oct stimulus decision looms

ICAI - News 08 Sep ,2017

The euro?s strength is already weighing on inflation and will be a key factor for the European Central Bank next month when it decides how to proceed

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Equities keep a steady line amid foreign outflows

ICAI - News 08 Sep ,2017

Stock markets closed little changed on Thursday as blue chips consolidated, reflecting the turmoil in global shares and FII capital outflows. Though t

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OYO secures $250M funding led by SoftBank Vision Fund and Hero Enterprise

ICAI - News 08 Sep ,2017

Hotel aggregator OYO has closed a $250 million (about Rs 1,600 crore) round of funding, which was led by its existing backer SoftBank, with new invest

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Raise number of biz in GST net to 3 cr, govt tells taxmen

ICAI - News 08 Sep ,2017

The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and

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Lendingkart raises $10.5 million from Sistema Asia, others

ICAI - News 07 Sep ,2017

Lendingkart Technologies has raised $10.5 million from Singapore-based Sistema Asia Fund and existing investors, the company said on Wednesday. Bertel

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Cash in economy settles at 12% below pre-demonetisation level

ICAI - News 07 Sep ,2017

Currency in circulation has dipped for the second consequent week, according to data released by the RBI. This shows that cash in the economy has sett

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Euro zone economy confirmed to grow at robust pace in second quarter

ICAI - News 07 Sep ,2017

The euro zone economy grew at a robust rate of 0.6 percent in the three months to June compared to the first quarter, the European Union statistics of

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NPA issues will be resolved by fiscal end: Principal Economic Adviser Sanjeev Sanyal

ICAI - News 07 Sep ,2017

Sanjeev Sanyal, the principal economic adviser in the finance ministry, today expressed hope that a major portion of the banks? bad loan problem will

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Insurance brokers can offer up to Rs 10 crore without prior Irdai nod

ICAI - News 07 Sep ,2017

The Insurance Regulatory and Development Authority of India (Irdai) will soon come out with regulations that would allow insurance brokers to offer cl

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First hyperloop transport system to come up in Andhra, connect Amravati and Viayawada

ICAI - News 07 Sep ,2017

Hyperloop travel is set to come to India. Hyperloop Transportation Technologies (HTT) has signed an agreement with the Andhra Pradesh government to co

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Fed says economy expanded at modest rate, sees concerns about auto industry

ICAI - News 07 Sep ,2017

The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the lates

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Saudi Arabia is reportedly revising its ambitious plans to change its economy

ICAI - News 07 Sep ,2017

Saudi Arabia is revising its major reform strategy just over a year after its launch, extending the timeline of some targets and removing others entir

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Startups, unlisted companies on black money radar, probe on 200 entities

ICAI - News 07 Sep ,2017

Startups and unlisted subsidiaries of some major Indian companies and multinationals find themselves in the crosshairs of the income tax department f

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Gold treads water as markets brace for ECB decision

ICAI - News 07 Sep ,2017

Gold prices steadied below their highest level in about a year early on Thursday, as markets braced for the latest meeting of the European Central Ban

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Crude oil dips on fears Hurricane Irma could hit crude shipments, rising Libyan output

ICAI - News 07 Sep ,2017

Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as

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No Aadhaar card? Here are 10 things that are banned for you, from opening a bank account to processing of I-T returns

ICAI - News 07 Sep ,2017

If you thought that filing an income tax return or opening a bank account are the only few things which require Aadhaar cards now, then think again. T

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Directors of Shell firms can?t join other companies' boards

ICAI - News 07 Sep ,2017

Directors of shell companies which have not filed tax returns for three or more years will be barred from taking similar positions elsewhere or gettin

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GST collection tops Rs 94,000 crore for July from 44 lakh businesses

ICAI - News 07 Sep ,2017

As many as six lakh more businesses have filed returns and paid taxes in last one week, taking maiden revenue collections from GST to about Rs 94,700

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Notification No. 84/2017

ICAI - News 07 Sep ,2017

[Notification No. 84 /2017/F. No. 300196/8/2017-ITA-I]

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Notification No. 83/2017

ICAI - News 07 Sep ,2017

[Notification No. 83/2017/F. No. 199/3/2017-ITA-I]

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Notification No. 82/2017

ICAI - News 07 Sep ,2017

[Notification No. 82/2017/ F.No.503/5/2009-FTD-II]

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Notification No. 81/2017

ICAI - News 07 Sep ,2017

Notification No . ..!lL12017 (F.No.203/29/20 16fITA-II)

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Notification No.43/2017-Customs (ADD)

ICAI - News 07 Sep ,2017

seeks to impose anti-dumping duty on "Styrene Butadiene Rubber (SBR)",originating in or exported from European Union, Korea RP or Thailand.

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Notification No.42/2017-Customs (ADD)

ICAI - News 07 Sep ,2017

seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period

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Notification No.41/2017-Customs (ADD)

ICAI - News 07 Sep ,2017

Seeks to continue anti-dumping inforce concerning imports of "Metronidazole" originating in exported from China PR.

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Notification No.83/2017 Customs (N.T.)

ICAI - News 07 Sep ,2017

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg

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Notification No.RBI/2017-18/51

ICAI - News 07 Sep ,2017

Auction of Government of India Dated Securities

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Strong foreign inflows amid slowing economy worry Sebi

ICAI - News 07 Sep ,2017

Markets regulator Sebi is concerned about the flow of foreign funds into India, its likely impact on the currency and also the country's export compet

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BSNL expects to start 5G service trials by March 2018

ICAI - News 07 Sep ,2017

The state-owned telecom firm BSNL expects to start field trial of 5G services by the end of this financial year, company?s chairman and MD Anupam Shri

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France plans to end oil and gas production by 2040

ICAI - News 07 Sep ,2017

France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, b

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GDP growth to re-accelerate as GST impact fades, says Morgan Stanley report

ICAI - News 07 Sep ,2017

Economic activity in the country lost some pace amid GST related disruptions but underlying growth momentum remains strong and the country may clock 6

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Equity MFs see record Rs 20,000 crore inflows in August

ICAI - News 07 Sep ,2017

Equity mutual funds received a staggering Rs 20,000 crore in net investor flows in August, while the overall assets under management (AUM) topped the

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Embassy-Blackstone to file for Rs 6,000 crore REIT this month

ICAI - News 07 Sep ,2017

The wait for real estate investment trusts, or REITs, in the country could end soon, with Embassy Office Parks ? the joint venture (JV) between Bengal

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India, Myanmar sign 11 wide-ranging agreements

ICAI - News 07 Sep ,2017

India and Myanmar today signed 11 agreements in a range of sectors, including one on maritime security cooperation, to further strengthen their multif

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German cable-maker Leoni expands Pune facility; invests ?10 m more

ICAI - News 07 Sep ,2017

German cable manufacturer Leoni has invested an additional ?10 million (about ?76 crore) for the expansion of its existing manufacturing facility at C

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SEBI likely to tighten listing norms

ICAI - News 07 Sep ,2017

Capital market regulator SEBI is likely to propose the tightening of listing criteria on the stock exchanges, at its upcoming board meeting on Septemb

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U.S. trade deficit shows no sign of shrinking

ICAI - News 07 Sep ,2017

The trade deficit rose slightly in July, keeping the U.S. on track to post a larger gap in 2017 than in 2016.The deficit edged up to $43.7 billion in

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Sebi warns of rising external debt risks as masala bonds surge

ICAI - News 07 Sep ,2017

The rupee-denominated bonds, popularly known as masala bonds, are likely to add to the nation's external liabilities even if they don't hold any risks

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4 PSU banks slash lending rates by up to 45 basis points

ICAI - News 07 Sep ,2017

Four public sector lenders, including Indian Bank and Vijaya Bank, on Wednesday cut their benchmark lending rates by up to 45 Punjab & Sind Bank reduc

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Essar Oil to invest $250 million to expand refining capacity in UK

ICAI - News 07 Sep ,2017

Ruias-owned Essar Oil UK plans to invest around $250 million to expand the capacity of its Stanlow Refinery in the financial year ending March 2018. T

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Reliance Industries to acquire assets of Kemrock Industries

ICAI - News 07 Sep ,2017

Reliance Industries Ltd (RIL) on Wednesday said it would acquire the assets of Vadodara-based Kemrock Industries and Exports Ltd to enter the composit

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Star India invested $192 million into Hotstar parent

ICAI - News 07 Sep ,2017

Twenty-First Century Fox-backed Star India has invested Rs 1,233 crore ($192 million) into its digital content arm over the last six months amid inten

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Moef Panel Okays GMR's Delhi Airport Rs 16,000 Crore Expansion

ICAI - News 07 Sep ,2017

An expert committee of the environment ministry has given green clearance to Rs 16,000 crore expansion of New Delhi's Indira Gandhi International Airp

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Borrowing by India Inc, others from abroad hits $12 bn mark, may ink new record in 2017

ICAI - News 07 Sep ,2017

Borrowings by Indian companies and banks from the overseas markets are tipped to hit new highs in 2017 with a record $12 billion already having been r

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Brace yourself for a market correction in two months, analysts warn

ICAI - News 06 Sep ,2017

A market correction is on the horizon and it could happen in the next two months, an investment manager told CNBC Tuesday."We believe there is a certa

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RBI?s return on foreign currency assets down at 15-year low of 0.80%

ICAI - News 06 Sep ,2017

The Reserve Bank of India (RBI) earned a return of 0.80 per cent return ? the lowest in the last 15 years ? on its huge foreign currency assets of Rs

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OncoStem Diagnostics raises $6 million led by Sequoia India

ICAI - News 06 Sep ,2017

OncoStem Diagnostics, a Bengaluru- based oncology-focused startup, has raised USD 6 million in a funding round led by Sequoia India. The firm is focu

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Xiaomi's India revenues top $1 billion, plans new units

ICAI - News 06 Sep ,2017

Chinese phone major Xiaomi's India operation has crossed $1 billion in revenue. The company is now planning to open new factories beyond the two it ha

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German factory orders fall on weak domestic demand

ICAI - News 06 Sep ,2017

German industrial orders fell unexpectedly in July on feeble domestic demand while appetite from abroad was flat, data showed on Wednesday -- a rare

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Japan's Q2 GDP seen revised down on smaller capex gains

ICAI - News 06 Sep ,2017

Japan?s economy likely grew at a slower pace than initially estimated in the second quarter, on expected downward revisions in capital spending growth

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States? capex declines; here is why it could not have come at a worse time for the economy

ICAI - News 06 Sep ,2017

The Economic Survey?s latest volume had predicted that farm loan waivers by state governments could impart a short-term deflationary shock to the econ

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India seeks to achieve bilateral trade target of $30 bn with Russian Far East by 2025, says MEA Sushma Swaraj

ICAI - News 06 Sep ,2017

External Affairs Minister Sushma Swaraj on Tuesday said there is a need for enhancing trade, commerce and investment with the Russian Far East to achi

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Minimum wage code bill 2017: Base pay will differ for states and geographical areas

ICAI - News 06 Sep ,2017

The new Wage Code Bill which, if passed by the Parliament, will seek to set minimum wages for different states and geographical areas. This will ensur

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Self-seal export cargoes without Customs monitoring from October 1

ICAI - News 06 Sep ,2017

The Customs department has allowed self-sealing procedure from October 1 for containers to be exported, as it aims to move towards a 'trust based comp

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Zomato has cut losses; gears up for fight with rivals

ICAI - News 06 Sep ,2017

Just around a year and half earlier, Zomato, the food ordering and restaurant discovery platform, was vulnerable. In the foodtech meltdown that saw at

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MakeMyTrip sees big growth in corporate travel in next 2-3 years

ICAI - News 06 Sep ,2017

MakeMyTrip expects corporate travel to be an important business segment in next two or three years.The country?s largest online travel portal is tappi

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Customers' consent must for use of Aadhar-based e-KYC: IRDAI

ICAI - News 06 Sep ,2017

The use of Aadhar and accessing of personal information of Unique Identity Authority of India (UIDAI) for e-Know Your Customer (e-KYC) purposes can on

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Dena Bank cuts deposit rates

ICAI - News 06 Sep ,2017

Dena Bank has cut its retail term deposit rates by 25-55 basis points across the basket, effective August 4, according to data on the lender?s website

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Higher tax mop-up has 12 states in Rs 4,000-cr fiscal surplus in Q1

ICAI - News 06 Sep ,2017

Driven by higher tax revenues and a sharp fall in expenditure, combined revenue receipts of 12 states grew at a robust 17.6 per cent in the three mont

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Merck?s India unit part of German parent?s global sale plans

ICAI - News 06 Sep ,2017

Merck KgaA is considering selling its global consumer health business, including that of its publicly traded Indian unit Merck Ltd.The German drug mak

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Eurozone economy heads for decade-high growth as UK stalls

ICAI - News 06 Sep ,2017

While Britain and the rest of the EU are struggling to agree on divorce terms, it's increasingly clear that on the economic front they are diverging s

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United Tech to buy Rockwell Collins for $30 billion

ICAI - News 06 Sep ,2017

Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N

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U.S. factory orders tumble, but business spending firming

ICAI - News 06 Sep ,2017

New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously re

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India's top oil refiner, Indian Oil, seeks paths to Narendra Modi's cleaner future

ICAI - News 06 Sep ,2017

India?s top oil refiner is exploring the use of natural gas and electricity to power vehicles as Prime Minister Narendra Modi?s government envisions m

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Policy soon to promote agri exports, says Prabhu

ICAI - News 06 Sep ,2017

The government will soon bring out a policy to develop agricultural clusters and boost farm exports, according to commerce minister Suresh Prabhu. Spe

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Coal India to divert coal movement to fight critical stock in power plants

ICAI - News 06 Sep ,2017

Coal India (CIL) has drawn up an emergency plan to regulate coal movement to the non-power sector for pushing additional coal to the thermal power pla

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FPIs bid more aggresively for corp bonds than G-secs

ICAI - News 06 Sep ,2017

Foreign portfolio investors (FPIs) continue to chase yields in the Indian market. On Tuesday, the highest bid at the auction for limits to buy corpora

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Maruti Suzuki will enter e-vehicles segment, but who will decide? The answer will floor you

ICAI - News 06 Sep ,2017

The country?s largest car manufacturer, Maruti Suzuki India (MSI), will invest in electric vehicles (EVs) after gauging its customers? preferences. At

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ICICI Lombard gets SEBI nod for IPO

ICAI - News 06 Sep ,2017

ICICI Lombard General Insurance Company has got SEBI?s go-ahead for its estimated ?6,000 crore IPO, which could be the first by a general insurer in t

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Companies raise Rs 64,400 cr by issuing equities so far in 2017

ICAI - News 06 Sep ,2017

Companies and financial institutions have mopped up close to Rs 64,429 crore in 2017 so far with the government raising Rs 9,193 crore through a share

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Booster shot for ecommerce in India, big money coming back to segment; amount will stagger you

ICAI - News 06 Sep ,2017

Big money is coming back to Indian e-commerce ventures as private equity (PE) players and venture capitalists decide to up their bets and support stro

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Vikram Bakshi vs McDonald?s: Indian wins a point, but loses another

ICAI - News 06 Sep ,2017

Vikram Bakshi, the estranged Indian partner of US fast-food chain McDonald?s, on Tuesday got a reprieve on one count while suffering a setback on anot

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India services activity contracts again in August on weak demand

ICAI - News 06 Sep ,2017

Services sector in India suffered the second consecutive month of contraction in August as business activity and new work orders got affected by the G

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Centre?s food subsidy bill set to be slashed courtesy Aadhaar, PoS

ICAI - News 06 Sep ,2017

The new systems for monitoring transactions at fair price shops (FPSs) are promising to help slash the Centre?s food subsidy bill, the most sticky amo

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Centre asks banks to restrict accounts of 2.09 lakh firms

ICAI - News 06 Sep ,2017

The finance ministry has advised all banks to take immediate steps to restrict transactions in bank accounts of more than 2.09 lakh companies, whose n

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Supreme Court refuses to stay new Finance Act

ICAI - News 05 Sep ,2017

The Supreme Court today refused to grant interim stay on the newly-amended Finance Act which provides that the search-cum-selection committee to selec

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Australia's central bank holds fire as economy on the rebound

ICAI - News 05 Sep ,2017

Australia?s economy likely rebounded sharply last quarter as exports and public spending proved surprisingly upbeat, an outcome that would cheer the c

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Japan Aug services PMI shows expansion at weakest pace in six months

ICAI - News 05 Sep ,2017

Japan?s services sector expanded in August at the slowest rate in six months as the pace of new orders eased, a private survey showed on Tuesday in a

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China's Xi says global economy improving, urges resistance to protectionism

ICAI - News 05 Sep ,2017

Chinese President Xi Jinping told an international summit on Tuesday that although the global economy had improved, risk factors had also increased. A

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?Tax rebates to consumers, traders to promote digital payments?

ICAI - News 05 Sep ,2017

Traders body CAIT today suggested several measures such as tax benefits to both consumer and merchant to promote digital payments in the country. The

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Why it?s a good idea to study Q2 earnings for cues to GDP recovery

ICAI - News 05 Sep ,2017

The GDP (gross domestic product) and GVA (gross value added) numbers reported last week for Q1 FY18 showed that the elephant is limping and not dancin

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Services sector contracts for 2nd month in August on GST woes

ICAI - News 05 Sep ,2017

Service activity in India continued to remain subdued in August though he downturn was less severe than in July, a private survey showed on Tuesday. T

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Flaws in India?s economic growth model are becoming clear

ICAI - News 05 Sep ,2017

India has a way of confounding expectations. Analysts agreed that, months after Prime Minister Narendra Modi?s ill-fated decision to withdraw 86% of c

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Australian firms eyeing infra projects in India

ICAI - News 05 Sep ,2017

Australian companies are exploring India?s large and diversified infrastructure sector with a focus on the Centre?s smart cities project.More than 40

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Bonds weaken, call rates continue stable

ICAI - News 05 Sep ,2017

Government bonds (G-Secs) weakened on selling pressure from banks and corporates.While, Interbank call money rates continued stable trend as demand fr

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Startups get 80% rebate on patent fee

ICAI - News 05 Sep ,2017

More domestic and foreign startups will now be able to access the fast-track mechanism for filing patents, which will drastically cut down the time ta

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RBI includes HDFC Bank in ?too big to fail? lenders list

ICAI - News 05 Sep ,2017

Private sector lender HDFC Bank Ltd has been declared a domestic-systemically important bank (D-SIB), the Reserve Bank of India (RBI) said on Monday.

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Eurozone producer prices grew slower than expected in July

ICAI - News 05 Sep ,2017

Eurozone producer prices grew more slowly in July than expected by markets, data from the European Union?s statistics office Eurostat showed on Monday

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Foreign banks face new EU set-up to allow more scrutiny

ICAI - News 05 Sep ,2017

Nineteen foreign banks in the European Union will need to set up new holding companies so that regulators can scrutinise them more closely, an EU disc

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Domestic economic scenario challenging for steel industry

ICAI - News 05 Sep ,2017

Indian economy commenced FY18 with a slower growth rate of 5.6% in GVA and 5.7% in GDP in Q1 against 7.9% growth in first quarter of last year. It is

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ONGC to bid for Israel oil and gas exploration blocks: Oil Minister

ICAI - News 05 Sep ,2017

State-run Oil and Natural Gas Corporation (ONGC) plans to bid for Israeli offshore oil-and-gas exploration blocks, oil minister Dharmendra Pradhan has

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Gold imports in August surge on duty-free buying from South Korea

ICAI - News 05 Sep ,2017

India's gold imports in August nearly tripled from a year ago, despite sluggish domestic demand as a recent tax change that allowed importers to ship

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PNB Housing Finance to raise up to Rs 1,000 crore via bonds

ICAI - News 05 Sep ,2017

PNB Housing Finance plans to raise up to Rs 1,000 crore by issuing bonds on a private placement basis.The company will issue secured redeemable non-co

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Stocks Fall as Korea Tensions Flare; Dollar Drops: Markets Wrap

ICAI - News 05 Sep ,2017

Stocks fell, while gold and the yen climbed as geopolitical tensions flared again, with U.S. President Donald Trump weighing new economic sanctions th

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FPIs lap up investment limits in govt securities

ICAI - News 05 Sep ,2017

Foreign portfolio investors (FPIs) continue to show interest in Indian bonds even as they lapped up the investment limits available for central govern

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ASK Property joins hands with TVS Group to create Rs400 crore realty investment platform

ICAI - News 05 Sep ,2017

ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group and Emerald Haven Realty Ltd (TVS Emerald), the real estat

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ONGC to borrow Rs 25K cr to fund HPCL stake buy

ICAI - News 05 Sep ,2017

Cash rich Oil and Natural Gas Corp (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of governme

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C2C ecommerce in India takes baby steps as growing number of startups look to organise space

ICAI - News 05 Sep ,2017

The consumer-to-consumer (C2C) e-commerce which is still at a very nascent stage in India is evolving and a growing number of C2C start-ups are trying

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Last date for filing of GST returns for July, Aug extended

ICAI - News 05 Sep ,2017

Businesses will have more time to file the final GST returns as the government on Monday extended the last date for filing of sales and purchase data

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Crisil lowers GDP forecast to 7% in FY18 on GST hurdles

ICAI - News 05 Sep ,2017

Domestic rating agency Crisil on Monday lowered its growth forecast to 7% for fiscal 2018, down from 7.4% earlier, as it sees disruptions arising from

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Star India wins IPL media rights for Rs 16,347.5 cr

ICAI - News 05 Sep ,2017

Star India on Monday completed its virtual monopoly of cricket broadcast by winning the coveted Indian Premier League (IPL) media rights for a whoppin

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Total bad loans seen at whopping $130 bn; as defaults rise, cases at NCLT accumulate

ICAI - News 05 Sep ,2017

With defaults on loans and corporate bonds nudging $10 billion in 2017 so far and the total quantum of bad loans estimated to have crossed $130 billio

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CBDT signs 4 more APAs with taxpayers in August

ICAI - News 05 Sep ,2017

The Central Board of Direct Taxes (CBDT) signed four more advance pricing agreements (APAs) in August with Indian taxpayers as it looks to reduce liti

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Delhi HC rejects Vodafone's petition on interconnection usage charge

ICAI - News 05 Sep ,2017

The Delhi High Court on Monday dismissed a petition filed by Vodafone against the consultation process adopted by Telecom Regulatory Authority of Indi

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HAL signs Rs 6,100-crore deal for supply of choppers to Army, Navy

ICAI - News 05 Sep ,2017

Hindustan Aeronautics Limited (HAL) has signed a Rs 6,100 crore contract to supply 41 Advanced Light Helicopters (ALH) to the Indian Army and one to t

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E-scooter sales likely to double in FY18

ICAI - News 05 Sep ,2017

Electric two-wheeler sales are expected to double in FY18, albeit on a small base. But, it is still a niche category in the world?s biggest market for

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B2C euphoria is dying, why this has come as a blessing in disguise for B2B startups

ICAI - News 04 Sep ,2017

The euphoria over investing in business-to-consumer (B2C) companies seems to have died down and this has come as a blessing in disguise for business-t

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Relief for 30,000 flat buyers as SC stays insolvency proceedings against Jaypee Infratech; plea said homebuyers will not get anything

ICAI - News 04 Sep ,2017

In a relief to home buyers, the Supreme Court on Monday stayed the insolvency proceedings against real estate firm Jaypee infratech at National Compan

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ONGC to borrow Rs 25,000 crore to fund HPCL buy

ICAI - News 04 Sep ,2017

Cash rich Oil and Natural Gas Corp (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of governme

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China's Transsion Picks Up 80% Stake In Spice Mobile: Report

ICAI - News 04 Sep ,2017

Chinese communications firm Transsion Holding has picked up an 80 per cent stake in Spice Mobile as it aims to garner a larger market share in the fie

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This notification can be a game-changer for India's leniency regulations

ICAI - News 04 Sep ,2017

The Competition Commission of India (Lesser Penalty) Regulations, 2009 (Leniency Regulations) have been amended by way of a notification released last

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Dharmendra Pradhan says daily petrol, diesel price revision to continue

ICAI - News 04 Sep ,2017

Oil Minister Dharmendra Pradhan today said the daily revision in petrol and diesel prices will continue despite petrol price spiking by Rs 6.6 per lit

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Capex cycle recovery is still some time away despite some good data

ICAI - News 04 Sep ,2017

India's capex cycle recovery may have been struggling for a while now, but recent data shows some signs of improvement. One of the indicators that cor

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See lower interest rate trajectory for India going forward: Capital First

ICAI - News 04 Sep ,2017

V Vaidyanathan - Founder & Chairman, Capital First while in conversation with CNBC-TV18?s Abhishek Kothari is of the view that one-two year forward ou

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China's Xi says BRICS must promote open world economy

ICAI - News 04 Sep ,2017

The BRICS group of emerging economies must promote trade liberalization and an open world economy, Chinese President Xi Jinping said at a business mee

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Former BOJ dissenter says c.bank on course to retreat from radical stimulus

ICAI - News 04 Sep ,2017

Japan?s central bank is already in the process of winding down its radical monetary policy and may also look at making changes to its long-term intere

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I-T Department to focus more on e-assessment to reduce human interface

ICAI - News 04 Sep ,2017

The Income Tax Department will focus on widening of tax base and maximise e-assessment to cut down on human interface, according to an official statem

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Provident fund balance withdrawal is taxable for this reason

ICAI - News 04 Sep ,2017

If we claim the accumulated balance in Provident Fund account from the previous employer, will it be taxable? Laxmi NarayanWithdrawal of the accumulat

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Digital transformation brings in wider opportunities for enterprise architects; see how

ICAI - News 04 Sep ,2017

Digital transformation is rewriting the rules of every aspect of business and is reshaping almost all the industries.Digital transformation brings in

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Government notifies hike in GST cess on mid, large cars to 25 PCT

ICAI - News 04 Sep ,2017

The government has notified hike in GST cess on a range of cars from mid-size to hybrid variant to luxury ones to a maximum of 25 per cent, from earli

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Manufacturing rebounds in August: PMI rises to 51.2

ICAI - News 04 Sep ,2017

Manufacturing activity in the country rebounded in August with new orders and output returning to growth territory after contracting in July due to th

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Why GST and demonetisation alone are not responsible for slow GDP growth

ICAI - News 04 Sep ,2017

Close to 5 pm on September 1, State Bank of India (SBI) chairman Arundhati Bhattacharya was leaving her office to almost military-style salutes by the

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Lending rate cuts key to economic revival: BofAML

ICAI - News 04 Sep ,2017

Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to acceler

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Essel Finance acquires Bimadirect operator for Rs 25-30 crore

ICAI - News 04 Sep ,2017

Subhash Chandra-owned Essel Finance Management has acquired online insurance agent Coretree Insurance, which operates Bimadirect. Top executives at th

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Tata Motors CV sales up 24% in July-August

ICAI - News 04 Sep ,2017

Tata Motors, which is on a turnaround drive, saw its domestic commercial vehicles sales grow by 24.35 per cent in the July-August period after a decli

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Rs 26.8k cr capex plan on track, this year Rs 8k cr: JSW Jt MD

ICAI - News 04 Sep ,2017

JSW Steel's Rs 26,800-crore capex plan is on track and the company plans to spend Rs 8,000 crore this year, Joint Managing Director Seshagiri Rao sai

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UBS lowers India growth forecast to 6.6% for FY18

ICAI - News 04 Sep ,2017

Global brokerage firm UBS has lowered India?s GDP growth forecast to 6.6% for this fiscal from 7.2% earlier.The firm said the growth is expected to pi

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NTPC blamed as coal stocks fall to critical levels, particularly at private companies

ICAI - News 04 Sep ,2017

Coal stocks at thermal power plants across the country have dropped to alarmingly low levels. Private power companies are the worst-hit, as state-run

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Sebi to watch info sharing of co boards, promoters

ICAI - News 04 Sep ,2017

The Sebi will soon consider how much information the management and boards of listed companies can share with their non-executive promoters, and wheth

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Seychelles ratifies international solar alliance framework pact

ICAI - News 04 Sep ,2017

The International Solar Alliance (ISA) took another step closer to becoming a recognised inter-governmental body under the United Nations charter, aft

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Gold breaks through key hurdle

ICAI - News 04 Sep ,2017

Gold surged, breaking above $1,300 per ounce last week, in line with our expectation.The yellow metal surged 2.6 per cent last week and has closed at

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State Bank of India planning $3 bn green bonds

ICAI - News 04 Sep ,2017

India?s largest lender plans to raise up to $3 billion in the country?s biggest overseas green-bond issue, tapping the likes of BlackRock, Internation

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Greece's shadow economy is one-fifth of its GDP

ICAI - News 04 Sep ,2017

Some countries have much larger shadow economies than others.Greece?s shadow economy is worth over a fifth of its total output, and Italy?s isn?t far

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Israel set for $28 billion infrastructure spending boost

ICAI - News 04 Sep ,2017

Israeli Prime Minister Benjamin Netanyahu said on Sunday his office would soon publish a multi-year infrastructure spending plan worth more than 100 b

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Real estate companies in churn mode after GST & Rera

ICAI - News 04 Sep ,2017

The real estate sector is slowly catching up after being affected by the goods and services tax (GST) and Real Estate Regulation And Development Act (

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Textile firms expect revival in Q2

ICAI - News 04 Sep ,2017

Textile companies are expecting a revival in their fortunes in July-September on a rebound in customer footfalls and restocking by traders following G

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Notification No. 81/2017 [F.No.203/29/2016/ITA-II]

Income Tax : Communications 28 Aug ,2017

Publish Date : Monday, August 28, 2017

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Protocol amending the agreement between the Government of the Republic of India and the Government of the Socialist Republic of Viet Nam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

Income Tax : Communications 30 Aug ,2017

Publish Date : Wednesday, August 30, 2017

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Fintech-bank collaboration yields smarter outcomes, says RBI's Kanungo

ICAI - News 02 Sep ,2017

Reserve Bank of India (RBI) deputy governor B P Kanungo on Friday said fintech companies need to collaborate with banks for better service outcomes fo

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Total mulls fuel retailing in India with local partner

ICAI - News 02 Sep ,2017

French oil and gas major Total SA today said it is mulling entering fuel retailing in India in collaboration with a local partner. ?It?s a big market

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Lexus cuts Toyota strings in India to build business with India and for India

ICAI - News 02 Sep ,2017

After five months of its debut in India, Lexus, the luxury vehicle arm of Japanese auto giant Toyota, has decided to operate as an independent entity

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ITR filing date extended to October 31

ICAI - News 02 Sep ,2017

Tax payers who were supposed to file their income tax returns by September 30 now have some more time on their hands. The government has extended the

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Maruti Suzuki, Hero MotoCorp, Honda Motorcycles post best ever sales in August

ICAI - News 02 Sep ,2017

Auto companies continued to post robust sales growth in the domestic market during August as companies despatched large numbers to dealers for stockin

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KM Birla on when Idea Cellular, Vodafone merger will happen

ICAI - News 02 Sep ,2017

The merger of Idea and Vodafone is on course and should be complete within 2018, Kumar Mangalam Birla, chairman, Aditya Birla Group, said in an interv

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Chinese green firm to begin construction of Indian plant

ICAI - News 02 Sep ,2017

China?s mono-crystalline solar cells and modules Longi Green Energy Technology will start building its Rs 1,500 crore Indian plant by the end of this

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Infosys Consults Investors On Governance Norms

ICAI - News 02 Sep ,2017

Software major Infosys on Friday said it has begun consultations with its investors on adhering to high governance standards, as announced on August 2

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Vedanta To Invest Rs. 50,000 Crore On India Business Expansion: Anil Agarwal

ICAI - News 02 Sep ,2017

Metals and mining conglomerate Vedanta Resources has plans to invest around Rs. 50,000 crore on business expansion in India in coming years, its Chair

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Saab partners Adani to make in India

ICAI - News 02 Sep ,2017

Swedish defence major SAAB has on Friday announced collaboration with India?s Adani Group to manufacture Gripen E fighter jets in India if selected by

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China ramps up role in Brazilian transport infrastructure

ICAI - News 02 Sep ,2017

Chinese companies signed commitments on Friday to finance and build railways and ports that will help Brazil export iron ore and soybeans, the two mai

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India?s public debt rises 3.6 per cent to Rs 63.35 lakh cr in June

ICAI - News 02 Sep ,2017

India?s total public debt rose to Rs 63.35 lakh crore till June-end, up 3.6 per cent over the previous quarter, according to government data released

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Government waives penalty on late GST returns for July

ICAI - News 02 Sep ,2017

The government, on the recommendations of the Goods and Services Tax Council, has waived the penalty of Rs 200 per day for taxpayers who failed to fil

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GDP growth at 5% under old series; analysts cut FY18 estimates

ICAI - News 02 Sep ,2017

Terming the Q1 GDP growth of 5.7 per cent as disappointing, a slew of foreign brokerages today cut their full-year forecast to well under the 7 per ce

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US Fed finalises rules to help unwind big banks

ICAI - News 02 Sep ,2017

The Federal Reserve on Friday finalised a new rule that should make it easier to wind down systemically important US banks by creating a safe harbour

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1% of expected invoices uploaded to GSTN

ICAI - News 02 Sep ,2017

About 1% of the expected goods and services tax invoices had been uploaded on the GST Network more than a month after the facility opened, suggesting

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Euro zone factory activity rises in August on strong demand: PMI

ICAI - News 02 Sep ,2017

Euro zone manufacturing activity accelerated in August, clocking the fastest rise in export orders since February 2011 despite a strengthening currenc

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Greek Economy Expands for Second Straight Quarter

ICAI - News 02 Sep ,2017

The Greek economy grew for the second straight quarter, provisional figures released Friday showed in a development that's likely to raise hopes that

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Forex kitty up by $1,148 mn to record $394.55 bn

ICAI - News 02 Sep ,2017

India's foreign exchange (Forex) reserves increased by $1,148 million as on 25th August 2017, as per data released by Reserve Bank of India on Friday.

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FPIs sell $130-m equities in first session of Sept

ICAI - News 02 Sep ,2017

After offloading equities worth $1.9 billion in August, Foreign Portfolio Investors (FPIs) sold shares worth $130 million on the first day of Septembe

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Indian Bank revises interest rates on FCNR deposits

ICAI - News 02 Sep ,2017

Public sector Indian Bank has revised the interest rates on foreign currency non-resident banking deposits with immediate effect.For FCNR (B) deposits

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Market anticipates hike in FPI limits in corp bonds via exchange rate change

ICAI - News 02 Sep ,2017

The market is strongly anticipating an increase in the foreign portfolio investors? (FPI) investment limits in corporate bonds through a change in the

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Rate cut expectations after weak GDP drags benchmark yield down

ICAI - News 02 Sep ,2017

The 10-year benchmark yield fell five basis points on Friday to close at 6.48% after a disappointing growth number released on Thursday brought back r

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Mortgages growth in banks falls to four-year low in July

ICAI - News 02 Sep ,2017

Growth in mortgages in the banking sector fell to an at least four-year low of 10.5% year-on-year (y-o-y) in July despite most large banks having drop

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Finmin approves 4 FDI proposals worth Rs 503 crore

ICAI - News 02 Sep ,2017

The finance ministry today said it has cleared four proposals, including that of AMP Solar India, entailing foreign direct investment of Rs 503.40 cro

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India factory activity unexpectedly expands in August as orders bounce back

ICAI - News 02 Sep ,2017

India?s factory activity unexpectedly expanded in August, snapping back from a contraction the previous month, as disruptions stemming from confusion

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Post demonetisation, liquidity in economy remained surplus during April-June quarter, but government?s cash position was stressed

ICAI - News 02 Sep ,2017

The liquidity in the economy remained in surplus during the April-June quarter, in the aftermath of demonetisation, but the cash position of the gover

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Subsidised LPG Hiked by Rs 7 Per Cylinder, Jet Fuel by 4%

ICAI - News 02 Sep ,2017

State-run oil marketing firms hiked the price of subsidised cooking gas by Rs 7 per LPG cylinder, effective from Friday, as part of the decision to in

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GDP growth to hit 7-7.5 per cent in July-Sept: Rajiv Kumar

ICAI - News 02 Sep ,2017

Economic growth in the second quarter (July-September) of 2017-18 is expected to soar to 7- 7.5 per cent on the back of good monsoon and clarity over

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PMI manufacturing rebounds in August after GST jitters

ICAI - News 02 Sep ,2017

A day after gross domestic product (GDP) data showed a three-year plunge in economic growth at 5.7 per cent in the first quarter of the current financ

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Automobile sales gain pace on monsoon

ICAI - News 02 Sep ,2017

Aided by good monsoon and positive consumer sentiment ahead of the festival season, car makers reported strong sales performance in August. Maruti Suz

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Vijaya Bank raises Rs 700 crore via QIP

ICAI - News 02 Sep ,2017

Public sector lender Vijaya Bank has raised Rs 700 crore through an issue of Qualified Institutional Placement (QIP). The bank has allocated 11.10 cro

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Kings Learning raises $2.5 mn from Dell Foundation, others

ICAI - News 01 Sep ,2017

Kings Learning, a spoken English learning start-up, has raised $2.5 million in funding from Michael & Susan Dell Foundation and other United States (U

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Paytm Payments Bank in talks to partner full-service banks: CEO Renu Satti

ICAI - News 01 Sep ,2017

India?s Paytm Payments Bank is in talks to partner with full-service banks to offer services such as loans and term deposits which it cannot do on its

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Cape Town International Airport gets a major upgrade to boost economy

ICAI - News 01 Sep ,2017

Cape Town International Airport will receive a major upgrade in an effort to transform the tourism sector, one of the important economic growth driver

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Palm oil producers look to expand acreage, capacities in North East

ICAI - News 01 Sep ,2017

Major Indian palm oil producers are looking to expand palm tree acreage in north-eastern states, primarily lured by conducive weather and government

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India manufacturing sector bounces back from July's contraction: PMI

ICAI - News 01 Sep ,2017

Manufacturing activity in India rebounded in August with new orders and output returning to growth territory after contracting in July due to the roll

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India's growth may be below 6.5 per cent in FY'18, says SBI report

ICAI - News 01 Sep ,2017

The outlook for India's economic growth, which plunged below 6 per cent in the first quarter of the current fiscal, looks muted with the possibility

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Health tech start-up mfine raises $1.5 m from Stellaris Ventures

ICAI - News 01 Sep ,2017

mfine, which claims to be India?s first artificial intelligence-driven healthcare network, has raised around $1.5 million from Stellaris Venture Partn

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Banking sector outlook stable: Moody?s

ICAI - News 01 Sep ,2017

Moody?s Investors Service on Thursday said its outlook on the Indian banking system is ?stable?, with the system?s ongoing progress in managing legacy

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Finance Ministry notifies e-way bill rules

ICAI - News 01 Sep ,2017

The finance ministry has notified the rules for e-way bill which requires online pre- registration of goods before transportation under the new GST re

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Indian government defers BSNL stake decision as Jio rocks sector

ICAI - News 01 Sep ,2017

India has deferred a decision on selling a stake in state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) as falling profits and market share in the

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U.S. consumer spending rises modestly; inflation retreats

ICAI - News 01 Sep ,2017

U.S. consumer spending rose slightly less than expected in July and annual inflation advanced at its slowest pace in more than 1-1/2 years, diminishin

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Eurozone inflation picks up but remains below target

ICAI - News 01 Sep ,2017

Inflation across the 19-country eurozone struck a four-month high in August largely because of higher energy costs, official figures showed Thursday i

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China factory growth unexpectedly speeds up in August in further global boost

ICAI - News 01 Sep ,2017

Growth in China?s manufacturing sector unexpectedly accelerated in August, suggesting the world?s second-largest economy is still expanding at a healt

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Bonds issued outside can get listed on IFSC exchanges: Sebi

ICAI - News 01 Sep ,2017

Regulator Sebi today allowed debt securities to get listed on stock exchanges in the International Financial Services Centre (IFSC) even if these are

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PNB, Union Bank reduce marginal cost of funds-based lending rates

ICAI - News 01 Sep ,2017

Punjab National Bank (PNB) on Thursday reduced its base rate by 20 basis points (bps) to 9.15 per cent. The lender also slashed its marginal cost of f

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Non-food bank credit growth slows to 7.08%

ICAI - News 01 Sep ,2017

Growth in the non-food bank credit slowed to 7.08% year-on-year (y-o-y) during the fortnight ended August 18 from a five-month high of 7.42% in the pr

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Farm loan waivers hit Rs 85,000 cr mark, but when will banks get their dues

ICAI - News 01 Sep ,2017

Banks are likely to receive their dues related to farm loan waivers from the state governments by the end of September or latest by early October, two

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Amazon doubles warehouse capacity to 13 m cu ft in India

ICAI - News 01 Sep ,2017

Amazon India has nearly doubled its warehouse capacity at 13 million cubic feet with the company now running 41 fulfilment centres across the country.

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TVS Motors, India?s only moped maker, July sales fall 19.2 pct

ICAI - News 01 Sep ,2017

Sales of mopeds from the only manufacturer in the country ? TVS Motors ? has witnessed a decline since March 2017 on a year-on-year basis leading to t

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Sembcorp buys remaining stake in green arm for Rs 1,410 crore

ICAI - News 01 Sep ,2017

Singapore-based Sembcorp Industries said on Thursday that it is acquiring IDFC?s remaining stake in Sembcorp Green Infra for Rs 1,410.2 crore. Sembcor

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Myntra says private label business has turned profitable

ICAI - News 01 Sep ,2017

Flipkart-owned fashion retailer Myntra said on Thursday that its private labels and brands business has turned profitable, even as it remains on track

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After Air Asia India logs Rs 24.4 cr loss, airliner says expects top hit profit once foreign operations start in 2018

ICAI - News 01 Sep ,2017

Low cost carrier Air Asia India ? a joint venture between Tata Sons and Air Asia Berhad ? has reported an increase in its net losses by 19.3% year on

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India can become 3rd largest market for Coca-Cola, says CEO James Quincey

ICAI - News 01 Sep ,2017

India has the potential to become the third-largest market for Coca-Cola Co., said chief executive officer James Quincey, who is on his first visit to

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Govt defines quality norms for solar power equipment

ICAI - News 01 Sep ,2017

The Ministry of New and Renewable Energy has defined quality norms for photovoltaic (PV) cells and panels in a bid to contain cheap products from hamp

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Rs 1.09 lakh crore of UDAY bonds issued in 2016-17

ICAI - News 01 Sep ,2017

Thirteen states issued Ujwal Discom Assurance Yojana (UDAY) bonds for Rs 1,09,100 crore in FY17, the annual report released by the Reserve Bank of Ind

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Eight core sectors growth slips to 2.4% in July

ICAI - News 01 Sep ,2017

The growth of eight core sectors slowed to 2.4 percent in July due to contraction in output of crude oil, refinery products, fertiliser and cement.The

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GST to have 1 less slab? FM Arun Jaitley hints so; see what may change

ICAI - News 01 Sep ,2017

The Goods and Services Tax (GST) Council might consider converging the current standard GST rates of 12% and 18% into a single rate after the new indi

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GDP growth down to 3-year low of 5.7% in April-June quarter of FY18

ICAI - News 01 Sep ,2017

The country?s gross domestic product (GDP) growth slowed to a three-year low of 5.7 per cent in the April-June period of 2017-18 from 7.9 per cent in

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Fiscal deficit touches 92% of budget estimates at July-end

ICAI - News 01 Sep ,2017

The Centre?s fiscal deficit at July- end touched 92.4 per cent of the Budget Estimates (BE) mainly because of front-loading of expenditure by various

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Auto part exports clock almost-flat FY17 growth

ICAI - News 01 Sep ,2017

Exports of auto components from India saw almost flat growth in the financial year 2016-17, growing just 0.8 per cent to $10.9 billion. The value of e

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Deadline for Aadhaar-PAN linkage extended till December 31

ICAI - News 01 Sep ,2017

The government on Thursday extended by four months the deadline for linking PAN with biometric identifier Aadhaar till December 31.The deadline for li

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Notification No. 83/2017[F. No. 199/3/2017-ITA-I] / SO 2830(E)

Income Tax : Communications 30 Aug ,2017

Publish Date : Wednesday, August 30, 2017

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Notification No. 84/2017[F. No. 300196/8/2017-ITA-I] / SO 2829(E)

Income Tax : Communications 30 Aug ,2017

Publish Date : Wednesday, August 30, 2017

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India's auto components industry grows 14% to about Rs 3 lakh crore

ICAI - News 31 Aug ,2017

The Indian auto components industry expanded by 14.3 per cent to Rs 2.92 lakh crore last fiscal on the back of robust growth in after market sales. Ac

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Companies get socially more responsible, CSR spend up 47%

ICAI - News 31 Aug ,2017

Corporate India's social responsibility graph is headed up with 47 per cent jump in CSR spend since it became mandatory, with 300 BSE listed companies

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Consolidation among public sector banks exempted from scrutiny

ICAI - News 31 Aug ,2017

The government has exempted consolidation among public sector banks from the scrutiny of competition authority. The exemption will cover all cases of

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PNB cuts MCLR, base rate by up to 0.25%

ICAI - News 31 Aug ,2017

Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lende

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Reliance Industries to raise Rs 2,500 crore via debentures

ICAI - News 31 Aug ,2017

Reliance Industries will make an offer for issuing non-convertible debentures (NCDs) worth Rs 2,500 crore next week. "Pursuant to the authority given

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3 reasons the euro is having a killer year

ICAI - News 31 Aug ,2017

The currency has strengthened dramatically over the first eight months of the year because of unexpectedly robust economic growth in Europe, reduced p

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Eurozone inflation rate rises to 1.5%

ICAI - News 31 Aug ,2017

The preliminary estimate for the month was up from July's rate of 1.3%.Inflation in the 19-nation bloc remains well below the European Central Bank's

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China July services trade deficit falls to $21.0 billion: Foreign exchange regulator

ICAI - News 31 Aug ,2017

China's trade deficit in services fell to $21.0 billion in July from $29.5 billion in June, the foreign exchange regulator said on Thursday.July's de

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Arunachal Pradesh, J&K are fastest growing economies

ICAI - News 31 Aug ,2017

Jammu and Kashmir and Arunachal Pradesh were the fastest expanding State economies in 2015-16, according to a new series of gross State domestic produ

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Economic growth likely to be consumption-led

ICAI - News 31 Aug ,2017

The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable d

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New Development Bank approves $1.4 bn loan for projects in India, China, Russia

ICAI - News 31 Aug ,2017

Ahead of the BRICS summit, the New Development Bank (NDB) of the five-member group on Wednesday approved USD 1.4 billion loans for sustainable develop

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Bridgestone to expand manufacturing capacity

ICAI - News 31 Aug ,2017

Bridgestone India, part of the Bridgestone Corporation of Japan, is upbeat on the Indian tyre market and its business in the rapidly growing automotiv

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Wipro gets nod for buyback

ICAI - News 31 Aug ,2017

Wipro said its shareholders have given nod to the company?s Rs.11,000-crore buyback proposal. Last month, the company said it will purchase up to 343.

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State govts at fiscal risk over medium term, warns RBI

ICAI - News 31 Aug ,2017

The Reserve Bank of India has warned that State governments are likely to face several challenges to their finances during 2017-18 due to farm-loan wa

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I-T plans 3-pronged strategy to boost tax mop-up, base

ICAI - News 31 Aug ,2017

Defaulted on your income tax payment? You may have to deal with at least three separate tax officers for verification of returns, assessment and, fina

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Toyota joins Grab's $2.5 billion fund raising, unveils tie-up

ICAI - News 31 Aug ,2017

Toyota Motor Corp?s trading arm became the latest participant in ride-hailing firm Grab?s current financing round that is expected to raise $2.5 billi

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Central bank sees no bubble in stock markets

ICAI - News 31 Aug ,2017

The central bank does not see a bubble in the stock market despite high valuations. ?No bubble is detected currently when stock prices have reached hi

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RBI retains GVA growth at 7.3% for FY18

ICAI - News 31 Aug ,2017

Gross value added (GVA) would grow by a higher rate of 7.3 per cent in the current financial year, against 6.6 per cent a year ago, the Reserve Bank o

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GST, farm debt waivers likely to hit fiscal consolidation

ICAI - News 31 Aug ,2017

A day after the government released buoyant tax figures because of the goods and services tax (GST), the Reserve Bank of India cast doubts over short-

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L&T Sees $28 Billion Golden Goose in India's Defense Orders

ICAI - News 31 Aug ,2017

Fresh from winning its biggest defense contract in May, Larsen & Toubro Ltd. is planning to bid for $28 billion of orders including warships and subma

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China?s Big Banks Beat Profit Estimates as Bad Loans Curbed

ICAI - News 31 Aug ,2017

Resilient economic growth and a government campaign against excessive leverage are helping China?s largest banks, curbing their bad loans and underpin

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US revised second-quarter GDP up 3.0% vs 2.7% rise expected

ICAI - News 31 Aug ,2017

The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that

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The Battle for India's $45 Billion Gold Industry Has Begun

ICAI - News 31 Aug ,2017

India?s past and future are colliding in Anand Ghugre?s family jewelry shop in Mumbai.?We still operate the way my father did for 50 years,? said Ghug

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Domestic steel prices recover on global cues

ICAI - News 31 Aug ,2017

Domestic steel prices staged a smart rebound, in line with international trend, despite a moderate demand growth of 4.4 per cent in the first four mon

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Traders in Asia buy oil products to send to U.S.; add U.S. option to ships

ICAI - News 31 Aug ,2017

Traders are scrambling to buy oil products in Asia to ship to the United States and Latin America after Hurricane Harvey shut almost a quarter of U.S.

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Over 500 new FPIs registered with SEBI in April-June

ICAI - News 31 Aug ,2017

More than 500 fresh foreign portfolio investors (FPIs) were registered with SEBI in April-June quarter of this year, indicating that India remains an

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MFs tapping retail savings on slashed bank savings deposits rates: ICRA

ICAI - News 31 Aug ,2017

With many lenders cutting interest rates on their savings account deposits, mutual fund houses have been able to sell low-risk products and tap into r

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RBI smaller surplus transfer to Centre due to sharp rise in expenses, less income

ICAI - News 31 Aug ,2017

The reason behind the Reserve Bank of India transferring a much smaller surplus to the government was a sharp rise in the central bank?s expenditure a

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LCR altered banks? activity in call money market: RBI

ICAI - News 31 Aug ,2017

The Reserve Bank of India (RBI) said in its annual report that introduction of the liquidity coverage ratio (LCR) has altered banks? activity in the c

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Credit Suisse arm invests in Sapience Analytics

ICAI - News 31 Aug ,2017

Credit Suisse Asset Management?s NEXT Investors has invested an undisclosed amount in Indian software product company Sapience Analytics. The investme

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Bird Group interested in acquiring Air India's ground handling business

ICAI - News 31 Aug ,2017

Aviation service provider Bird Group has shown interest to bid for Air India?s ground handling unit Air India Air Transport Services Limited (AIATSL).

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Deadline for mandatory Aadhaar to avail social benefits extended to December 31: Govt to SC

ICAI - News 31 Aug ,2017

The Centre told the Supreme Court (SC) on Wednesday that it will extend the deadline for mandatory Aadhaar to avail social benefits to December 31 fro

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Auto companies fear demand slump from higher cess

ICAI - News 31 Aug ,2017

India?s top automakers expect a slump in demand after the cabinet on Wednesday approved an ordinance that will allow the cess on larger passenger cars

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Japan retail sales slow in July, still top expectations

ICAI - News 30 Aug ,2017

Japan?s retail sales growth slowed in July as shoppers spent less on clothes and cars, but economists remain optimistic that consumer spending will so

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UK consumer credit growth hits more than one-year low in July, mortgage approvals surge: BoE

ICAI - News 30 Aug ,2017

British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of

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Moody's says G20 GDP growth to exceed 3 percent, warns of geopolitical risks

ICAI - News 30 Aug ,2017

Moody?s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U

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HSBC sees India?s April-June quarter GDP growth at 6%

ICAI - News 30 Aug ,2017

India?s economic growth is likely to remain ?soft? and the GDP is expected to grow by 6 per cent in April-June, down from 6.1 per cent in the precedin

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Narendra Modi Cabinet decisions: From Army, GST, cars and more, here are the top proposals cleared today

ICAI - News 30 Aug ,2017

The Cabinet today cleared 65 recommendations of the Shekatkar committee, which was asked to make recommendations for enhancing combat capability and b

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Personal borrowing slowed down in July, says Bank

ICAI - News 30 Aug ,2017

The Bank has said several times this year that it is worried about the rapid growth of so-called consumer credit.Its latest figures show that this sor

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UK retailers see Brexit hit to consumers without detailed customs plans

ICAI - News 30 Aug ,2017

British shoppers could face higher prices and less choice unless Britain and the European Union can agree how to handle thorny issues like haulage and

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Alibaba and Tencent are showing how companies can get around Beijing's crackdown on foreign deals

ICAI - News 30 Aug ,2017

Alibaba and Tencent are showing how companies can get around Beijing's massive crackdown on foreign deals.The firms, among China's most important tech

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Inox Wind bags 100 MW project from Adani Green Energy

ICAI - News 30 Aug ,2017

Wind turbine maker Inox Wind today said it had bagged an order from Adani Green Energy to develop a 100 MW wind power project in Gujarat. "The company

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Maruti Suzuki to revamp sales channel, unveils Maruti Suzuki Arena

ICAI - News 30 Aug ,2017

The country's largest car maker Maruti Suzuki India Limited (MSIL) on Wednesday announced the revamp of its retail network. The new showrooms will be

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China's $1 Trillion Power Industry Overhaul Is Just Starting

ICAI - News 30 Aug ,2017

China?s move to create the world?s biggest power company is expected to be the first such mega-merger in the largest energy consumer.The newly formed

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GST implementation: Room rent in hospitals exempted

ICAI - News 30 Aug ,2017

Rent paid by patients for hospital rooms will be exempted from the Goods and Services Tax (GST), the government said today. Issuing clarifications on

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MRF to set up plant in Gujarat at an outlay of Rs 2,000 cr

ICAI - News 30 Aug ,2017

Tyre major MRF Ltd is targeting a turnover of Rs 22,000 crore by 2020 and is also setting up a new plant in Gujarat at an outlay of around Rs 2,000 cr

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Oil prices soften as market assesses hurricane damage

ICAI - News 30 Aug ,2017

Crude prices slipped lower on Tuesday as the market grappled with the shutdown of 13 percent of refining capacity in the United States after a hurrica

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India-focused funds' net inflows at $5.3 bn in first seven months of 2017

ICAI - News 30 Aug ,2017

India-focused offshore equity funds and exchange traded funds (ETFs) have witnessed net investment of over $5.3 billion in the first seven months of t

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Booming stock markets power equity fund raising of corporates in 2017

ICAI - News 30 Aug ,2017

Companies and financial institutions have mopped up close to `56,574 crore by issuing equities so far in 2017. This is about 21% higher than the amoun

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Moody?s cuts foreign currency deposit ratings of IDBI Bank

ICAI - News 30 Aug ,2017

Moody?s Investors Service on Tuesday downgraded IDBI Bank local and foreign currency bank deposit ratings to B1 from Ba2, citing reduction in the amou

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Big setback for poorly-rated firms; borrowing plans hit for a six; here is why

ICAI - News 30 Aug ,2017

Companies that don?t command a very good rating are finding it harder to tap the overseas investors for money after the Reserve Bank of India (RBI) ca

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Hero Electronix acquires Malaysian firm SpectrumIT, test lab in Singapore

ICAI - News 30 Aug ,2017

Hero Electronix on Tuesday said it has acquired Malaysia?s Spectrum Integrated Technologies (SpectrumIT) and test lab business of Singapore?s Lynxemi

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IOC to invest Rs 32,000 cr to ramp up petchem capacity by FY21

ICAI - News 30 Aug ,2017

To meet the rising demand for petrochemicals, especially plastics and polymers, largest public sector company Indian Oil will invest Rs 32,000 crore t

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Wind power tariff hits new low; what this means to concerned parties

ICAI - News 30 Aug ,2017

The price of wind-based electricity touched a new low of Rs 3.42 per unit at the auctions held on Tuesday by Tamil Nadu?s state-owned electricity dist

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Centre set to jump start privatisation process after 13 years

ICAI - News 30 Aug ,2017

The government, which had drawn up a plan for strategic sales in 20-odd PSUs including profitable ones such as Bharat Earth Movers (BEML), is now read

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From Videocon, IVRCL to Uttam Galva, RBI sends 2nd list of over 30 stressed asset firms to NCLT ward

ICAI - News 30 Aug ,2017

The Reserve Bank of India (RBI) has sent lenders a second list of more than 30 stressed assets that they need to refer to the National Company Law Tri

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Big boost for Narendra Modi government, GST revenue hits Rs 93,000 crore mark; FM Jaitley says crossed red line

ICAI - News 30 Aug ,2017

The government has collected Rs 92,283 crore from the goods and services tax (GST) and attendant cesses up to 10 am on Tuesday, from 64% of the July t

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Coal demand bucks monsoon trend, zooms in August

ICAI - News 30 Aug ,2017

Coal production and off-take are usually subdued in the monsoon months. But this year is proving to be an exception.As on August 26, Coal India?s mont

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Finance Ministry confident of meeting 3.2% fiscal deficit target

ICAI - News 30 Aug ,2017

The Finance Ministry is not worried about its deficit goalposts for 2017-18 despite the low dividends from the Reserve Bank of India and muted proceed

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Euro Surges to its Strongest Level in Over Two Years

ICAI - News 30 Aug ,2017

The European currency scaled its highest level in more than two years in the aftermath of North Korea's latest missile launch. Core European bonds als

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Merging the ?reverse? way

ICAI - News 30 Aug ,2017

Instead of merging HDFC General Insurance (formerly L&T General Insurance) with the larger entity HDFC Ergo, the promoters have gone the reverse way.A

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Govt might allow revised returns for input credit for pre-GST stocks

ICAI - News 30 Aug ,2017

In a respite for companies with big claims of input tax credit for pre-goods and services tax (GST) stocks, the government is likely to allow rectific

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RBI asks banks to stick to December deadline for insolvency

ICAI - News 30 Aug ,2017

The Reserve Bank of India (RBI), sources say, has instructed banks to maintain the December deadline for completing the bankruptcy proceedings on thei

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I-T dept slaps Rs 32,230-cr demand on Hutchison for Vodafone deal

ICAI - News 30 Aug ,2017

The income-tax department has slapped a Rs 32,320-crore demand in tax, interest and penalty on Hong Kong-based Hutchison for alleged capital gains it

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The US dollar index is testing an important level ? the abyss may be next

ICAI - News 29 Aug ,2017

The dollar has reached the long-term support level near 0.93 identified on the U.S. dollar index chart several weeks ago. That is a critical support l

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Japan spending falls but tight jobs market offers hope of end to deflation

ICAI - News 29 Aug ,2017

Japan?s household spending unexpectedly fell in July though the labor market continued to strengthen, offering some hope wage gains will soon accelera

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Debt cut for Greece not on agenda for now, Germany's Schaeuble says

ICAI - News 29 Aug ,2017

Greece must press ahead with implementing its reforms-for-aid programme and become more competitive, German Finance Minister Wolfgang Schaeuble was qu

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Mahindra renames JV, unveils tractor brand

ICAI - News 29 Aug ,2017

Mahindra & Mahindra Ltd. (M&M), has announced the renaming of its subsidiary, Mahindra Gujarat Tractors Ltd (MGTL), a 60:40 JV between M&M and the Guj

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Fringe benefits availed by employees liable to GST

ICAI - News 29 Aug ,2017

The new Goods and Services Tax (GST) will be applicable on any non-monetary fringe benefit an employee gets from his employer, the government said tod

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Financial inclusion push needs more marketing communication

ICAI - News 29 Aug ,2017

Financial inclusion is a term often used to mean access to useful and affordable financial products and services for a large number of disadvantaged a

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Reforms with alacrity can lift many from poverty: Niti Aayog

ICAI - News 29 Aug ,2017

India needs to reform with alacrity with a view to improving ease of doing business as it is the best way to eradicate poverty and give millions a cha

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Income Tax Department warns against cash dealings above Rs 2 lakh

ICAI - News 29 Aug ,2017

The Income Tax Department today warned people against cash dealings of Rs 2 lakh and more, saying any violation of this cap will invite strict penalty

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GST filing date extended

ICAI - News 29 Aug ,2017

The government has extended the date for filing goods and services tax (GST) for those providing online information and database access or retrieval s

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Shareholders can play spoilsport for lenders banking on resolution plan

ICAI - News 29 Aug ,2017

Amid the euphoria over Bankruptcy Code and hopes of turning around debt-ridden companies, many lenders have overlooked a simple, yet crucial, caveat.

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Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion

ICAI - News 29 Aug ,2017

India?s leading renewables company Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an

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Despite sharp cuts by PSU banks, foreign banks command lowest MCLR

ICAI - News 29 Aug ,2017

Even as the RBI is looking to finetune the Marginal Cost of Funds Based Lending Rate (MCLR) system to ensure better transmission, various sets of bank

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Nestle India to enter petcare, water, coffee machine segments

ICAI - News 29 Aug ,2017

In a bid to pass on the benefits of GST to consumers, Nestle India has reduced the prices of its milk products by 8 per cent and cereals and sauces by

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India, Germany sign pact to improve grid integration of renewable energy

ICAI - News 29 Aug ,2017

India and Germany on Monday signed an agreement on technical cooperation under the Indo-German Energy Programme ? Green Energy Corridors (IGEN-GEC).

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Iron ore stockpiles swell on imposition of export duty

ICAI - News 29 Aug ,2017

Stockpiles of iron ore in the country have swollen due to the imposition of 30 per cent export duty, according to the Federation of Indian Mineral Ind

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New money laundering norms stump jewellery sector

ICAI - News 29 Aug ,2017

The central government has notified the money laundering rules for the gems and jewellery sector with immediate effect. Now, any entity deals in preci

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GroupM changes India leadership, merges Maxus & MEC

ICAI - News 29 Aug ,2017

The country?s largest media agency network, GroupM, will bring together two agencies, Maxus and MEC, as part of a global restructuring drive. The new

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Govt says will sell up to 10% stake in NTPC this week to raise $2.2 billion

ICAI - News 29 Aug ,2017

The government said it will sell a 5% stake in top power producer NTPC Ltd through a stock market auction, with a greenshoe option to sell another 5%

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Gilead to buy Kite Pharma in $11.9 billion deal

ICAI - News 29 Aug ,2017

Gilead Sciences agreed to buy Kite Pharma in a $11.9 billion deal on Monday, as it looks to fuel growth with an emerging class of cancer immunotherapi

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U.S. goods trade deficit widens in July; retail inventories fall

ICAI - News 29 Aug ,2017

The U.S. goods trade deficit increased in July as exports fell, suggesting that trade would make a modest contribution to economic growth in the third

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Samsung Electronics to invest $7 billion to boost China NAND chip output

ICAI - News 29 Aug ,2017

Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China?s northwestern ci

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India's crude steel output up 3.5% to 8.36 MT in July

ICAI - News 29 Aug ,2017

India's crude steel production grew 3.5 per cent to 8.36 million tonnes (MT) in July this year, says the latest report by World Steel Association.The

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U.S. gasoline price jumps, crude falls as Harvey hits refiners

ICAI - News 29 Aug ,2017

Gasoline prices surged to two-year highs on Monday as Tropical Storm Harvey knocked out several refineries and disrupted fuel production, while a back

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Vijaya Bank to raise Rs1,000 crore in QIP

ICAI - News 29 Aug ,2017

State-run lender Vijaya Bank on Monday launched a Rs1,000-crore institutional sale of shares with a floor price of Rs66.36 per share.The Bengaluru-bas

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FPIs sell $2.1-bn equities in August, highest since November 2016

ICAI - News 29 Aug ,2017

Foreign portfolio investors (FPIs) have sold equities worth $ 2.1 billion in August, amid concerns over steep valuations and tepid growth in the recen

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Urjit Patel seen holding bond quotas as India faces impossible trinity

ICAI - News 29 Aug ,2017

Foreigners looking to buy Asia?s best bonds will probably have to wait.Reserve Bank of India?s governor Urjit Patel is unlikely to raise the quota on

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'Over 60% NBFC-MFIs adopted cashless disbursement models'

ICAI - News 29 Aug ,2017

Demonetisation and the government?s push to adopt digital transactions have helped NBFC-MFIs? transition to cashless modes.A study released by Microfi

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Airtel, Symantec to offer integrated telecom and cyber security solutions to businesses in India

ICAI - News 29 Aug ,2017

Bharti Airtel (Airtel), India?s top telecommunications services provider and Symantec Corporation, a global cyber security company, today announced a

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Mobile wallet Mobikwik loss widens to Rs 109 cr; Founders Bipin Preet Singh, Upasana Taku see loss widen by 165 pct

ICAI - News 29 Aug ,2017

Mobile wallet company Mobikwik has posted a loss of Rs 109 crore for FY16, according to the firm?s latest RoC filings. The company founded by Bipin Pr

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IKEA set to double local sourcing in India

ICAI - News 29 Aug ,2017

Swedish furniture major IKEA is expected to increase local sourcing from the current levels and add about 20-30 suppliers from its 50-supplier base ov

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Care Ratings sees Q1 GDP growth at 6.5%

ICAI - News 29 Aug ,2017

Domestic agency Care Ratings expects an acceleration in the June quarter GDP growth to 6.5 percent over the last year, up from the 6.1 percent in the

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New FDI Policy Mentions Startups for the First Time, Allows 100% Funding by Foreign Venture Capital

ICAI - News 29 Aug ,2017

In a big boost to startups, the new FDI policy has mentioned startups for the first time and also allowed them to raise 100% funds from foreign ventur

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Rupee breaches 64-level

ICAI - News 29 Aug ,2017

The rupee on Monday saw its biggest one-day appreciation in almost three weeks, with the currency closing at 63.91 to the dollar following a significa

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Early estimates hit Rs 65,000 cr for July; know all the big numbers in brief

ICAI - News 29 Aug ,2017

Going by the initial trend of tax collections under the goods and services tax (GST), the government seems to have little to worry about on the revenu

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Circular No.36/2017-Customs

ICAI - News 29 Aug ,2017

Implementing electronic sealing for containers by exporters

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Circular No.35/2017-Customs

ICAI - News 29 Aug ,2017

Guidelines for provisional release of seized imported goods pending adjudication under Section 110A of the Customs Act, 1962.

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Circular No. 1058/07/2017-CX

ICAI - News 29 Aug ,2017

Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. 45/200

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Notification No.40/2017-Customs (ADD)

ICAI - News 29 Aug ,2017

Seeks to impose anti-dumping duty on the imports of "Sodium Nitrite" originating in or exported from China PR.

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Notification No.39/2017-Customs (ADD)

ICAI - News 29 Aug ,2017

Seeks to amend notification No. 49/2012 - Customs (ADD) dated the 26th November,2012 to modify the amount of anti-dumping duty on import of Caustic So

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Notification No.82/2017 Customs (N.T.)

ICAI - News 29 Aug ,2017

Notification No.82/2017-Customs (N.T.) dated 24th August, 2017

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Notification No.RBI/2017-18/50

ICAI - News 29 Aug ,2017

Auction of Government of India Dated Securities

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Airtel, Symantec ally for cyber security solutions

ICAI - News 28 Aug ,2017

India?s largest telecom operator Bharti Airtel today announced a partnership with Symantec Corp to provide cyber security solutions to businesses in I

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Reliance Industries, BP to use floating system to produce deepest D6 gas find

ICAI - News 28 Aug ,2017

Reliance Industries and its partner BP plc of the UK plan to use a floating production system at high-sea in the Bay of Bengal to bring to production

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Nandan Nilekani's Return Boosts Infosys Investors' Wealth By 9,400 Crores

ICAI - News 28 Aug ,2017

Infosys shares surged as much as 5 per cent in early trade on Monday, boosting investors' wealth by over Rs. 9,000 crore, after the return of co-found

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L&T Construction Bags Orders Worth Rs. 1,975 Crore

ICAI - News 28 Aug ,2017

L&T Construction, an arm of infrastructure major Larsen and Toubro (L&T), has won orders worth Rs. 1,975 crore across business segments. The orders h

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The ECB shouldn't rush to end stimulus ? no matter what Germany says

ICAI - News 28 Aug ,2017

Germany has remained a staunch critic of an extraordinarily easy monetary policy conducted by the European Central Bank. There are two main aspects to

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Fiscal stimulus in downturns is safe even when debt is high

ICAI - News 28 Aug ,2017

Government spending in a recession can boost a country?s economy without permanently bloating its public debt, even if the debt is already quite large

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German firms moving investments away from UK due to Brexit - DIHK

ICAI - News 28 Aug ,2017

Many German businesses are beginning to shift investments away from Britain in anticipation of increased trade barriers after Brexit, the chief of the

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To prevent influx of imports hurting Indian steelmakers, Centre set to raise this shield

ICAI - News 28 Aug ,2017

The steel ministry has recommended keeping steel in the negative list under the proposed regional comprehensive economic partnership (RCEP) agreement,

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RBI governor Urjit Patel may hold bond quotas as India faces impossible trinity

ICAI - News 28 Aug ,2017

Foreigners looking to buy Asia?s best bonds will probably have to wait. Reserve Bank of India?s Governor Urjit Patel is unlikely to raise the quota on

Read More

India facing problem of severe under-employment, says Niti Aayog

ICAI - News 28 Aug ,2017

Making a case for promoting highly productive and well paid jobs, Niti Aayog has said that not unemployment but a ?severe under-employment? is the mai

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India?s GDP growth picks up to 6.6 pct but GST fogs outlook

ICAI - News 28 Aug ,2017

India?s economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried

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New highway projects worth Rs 1 lakh crore in Rajasthan: Nitin Gadkari

ICAI - News 28 Aug ,2017

The Centre plans to launch road projects worth Rs 1 lakh crore over the next two years and provide a robust highways infrastructure in Rajasthan, Uni

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Government mulling 2 per cent relief on GST for digital payments

ICAI - News 28 Aug ,2017

You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case

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New norms for solar power bids to enhance transparency, says Ministry of New & Renewable Energy

ICAI - News 28 Aug ,2017

The Ministry of New & Renewable Energy (MNRE) today said its guidelines for tariff based bidding for procuring solar power would reduce risk, enhance

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Don't waste any more time, Aadhaar-PAN linking deadline unlikely to be extended

ICAI - News 28 Aug ,2017

The income tax department is unlikely to extend beyond August 31the date for linking Permanent Account Number (PAN) and Aadhaar. Earlier this month, t

Read More

Gold stays range-bound

ICAI - News 28 Aug ,2017

Gold remained broadly rangebound between $1,280 and $1,295 per ounce almost all through last week. The break below $1,280 on Friday was short-lived an

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Petrol price up by Rs6 per litre since July, diesel by Rs3.67

ICAI - News 28 Aug ,2017

Petrol price has been hiked by Rs6 per litre since the beginning of July and is now priced at its highest rate in three years with rates being revised

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EPFO mulls crediting ETF units to provident fund accounts

ICAI - News 28 Aug ,2017

Retirement fund body EPFO is considering crediting subscribers? share of its investments in ETFs to their provident fund accounts which may be redeeme

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DLF expects Rs 13,000 crore infusion post GIC deal

ICAI - News 28 Aug ,2017

India's largest realty firm DLF today said it expects an infusion of Rs 13,000 crore into the company, a better part from promoters, by December and t

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Coca-Cola pitches Kinley to counter local brands

ICAI - News 28 Aug ,2017

The country?s largest beverage maker, Coca-Cola India, will soon launch two carbonated flavoured-water drinks under the Kinley brand in a bid to take

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Now, SFIO has powers to arrest people for violations of companies law

ICAI - News 28 Aug ,2017

The Serious Fraud Investigation Office (SFIO) now has powers to arrest people for violations of companies law, with the government notifying relevant

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JSW makes another dash for troubled Italian steel mill

ICAI - News 28 Aug ,2017

Sajjan Jindal?s JSW Steel is making a fresh attempt to buy Italian steel mill, Aferpi, formerly known as Lucchini, from its new owners, the Cevital Gr

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India Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi

ICAI - News 28 Aug ,2017

India Inc is embarking on a record fundraising spree, bolstered by a sustained rally in the stock market and the flood of money sloshing around with d

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China July industrial profits rise at slowest pace in three months

ICAI - News 28 Aug ,2017

Earnings growth for China?s industrial firms cooled in July after accelerating for three straight months, reinforcing expectations the economy will sl

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Cabinet may this week consider hike in GST cess on cars

ICAI - News 28 Aug ,2017

The Cabinet may this week consider issuing an ordinance to increase the cess on mid- size, large cars and SUVs to 25 per cent from 15 per cent under t

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Rupee set to soar as FPI inflows since January hit nearly $20 bn

ICAI - News 28 Aug ,2017

Foreign portfolio investors (FPIs) are bonding with Indian debt like never before with investments between January and now hitting nearly $20 billion.

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FY18 Corporate earnings: Growth could slow sharply

ICAI - News 28 Aug ,2017

With the June quarter profits coming in well below expectations, earnings estimates for FY18 are being trimmed with almost every sector having seen a

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Government notifies changes in Banking Regulation Act

ICAI - News 28 Aug ,2017

The government has notified the Banking Regulation (Amendment) Act under which it can authorise the RBI to issue directions to banks to initiate insol

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Heritage Foods sees boost from value added products

ICAI - News 28 Aug ,2017

Heritage Foods Ltd is seeking to increase its business from value added products to 40 per cent from the current 24 per cent. It has charted out a str

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DLF seals joint venture deal with GIC post promoters? Rs 9K crore stake sale

ICAI - News 28 Aug ,2017

Realty major DLF today said it has entered into a joint venture with GIC to build rental assets in India after its promoters sold 33.34 per cent stake

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P2P lenders may be allowed to operate offline

ICAI - News 28 Aug ,2017

In a bid to impart vibrancy to the fledgling peer-to-peer (P2P) lending space and also further the cause of financial inclusion, the Reserve Bank of I

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India?s US G-sec holdings at $130 b

ICAI - News 28 Aug ,2017

WASHINGTON, AUGUST 27: India?s holdings of American government securities touched a one-year high of $130.3 billion at the end of June, according to

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Oppo and Vivo plan to move cloud storage to India, following India's new directives on data security

ICAI - News 28 Aug ,2017

Chinese smartphone brands Oppo and Vivo are planning to move their cloud service locations to India.According to a report by The Economic Times, a sen

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CureFit raises $25 million in fresh funding

ICAI - News 28 Aug ,2017

Health and fitness platform CureFit, which was founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, has raised a fre

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IMF: We see a broad-based global recovery

ICAI - News 26 Aug ,2017

The global economy is doing well, the chief economist for the International Monetary Fund told CNBC on Friday.The IMF's new forecast on the world's ec

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ECB's Mario Draghi says global recovery is firming up, euro climbs

ICAI - News 26 Aug ,2017

European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business lea

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Government revises target

ICAI - News 26 Aug ,2017

Against the original estimate of building 1.8 crore houses for urban poor by 2022, now government would need to construct about 1.2 crore houses.Housi

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Labour intensive sectors continue to feel constrained by regulations: NITI Aayog

ICAI - News 26 Aug ,2017

Despite lot of noise around labour reforms, labour intensive sectors continue to feel constrained by labour related regulations which make it difficul

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Indian industry not investing in job-intensive sectors: Arvind Panagariya

ICAI - News 26 Aug ,2017

Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low job creati

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Hero FinCorp in talks to raise Rs1,000 crore at $1 billion valuation

ICAI - News 26 Aug ,2017

Hero FinCorp Ltd, the financial services arm of India?s largest two-wheeler maker Hero MotoCorp Ltd, is looking to raise up to Rs1,000 crore at a valu

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Australian court dismisses appeal against Adani's $16 bn coal mine project

ICAI - News 26 Aug ,2017

Indian mining giant Adani Group's $16.5 billion controversy-hit coal mine project in Australia cleared two more legal hurdles on Friday with a Brisban

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Qantas to conquer ?last frontier? of commercial flight within 5 years

ICAI - News 26 Aug ,2017

The Australian airline Qantas says it is committed to achieving the world's longest non-stop flight between London and Sydney by 2022.The flight betwe

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Western Digital group to offer $17.4 billion for Toshiba memory chip unit

ICAI - News 26 Aug ,2017

A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp?s memory chip business, which the Japanese co

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India becomes largest 2-wheeler market for Honda globally, dethrones Indonesia

ICAI - News 26 Aug ,2017

India is now the largest two wheeler market globally, by volume, for Japanese automobile major Honda. Honda Motorcycle & Scooter India's (HMSI) volum

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Internet of things may end up contributing 15 per cent to telcos' revenue soon

ICAI - News 26 Aug ,2017

Mobile phone operators in India will be betting on Internet of Things (IoT) as a future revenue generator beyond the traditional voice and data servic

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RBI panel seeks rights-based data privacy in household finance

ICAI - News 26 Aug ,2017

There is a need to adopt a rights-based privacy framework in household finance rather than the widely prevalent consent-based approach, a Reserve Bank

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Forex kitty slips marginally to $393.40 billion

ICAI - News 26 Aug ,2017

After touching a record high, the foreign exchange reserves declined marginally, by USD 211.1 million, to USD 393.401 billion in the week to August 18

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Around 84 pct of Railways revenue comes via digital modes: Mohd Jamshed, member-traffic, Railway Board

ICAI - News 26 Aug ,2017

Revenues of Indian Railways are more than Rs 1.65 lakh core per annum and moving all revenue streams to digital modes is a challenge. The carrier has

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Centre wants states to follow RERA in spirit

ICAI - News 26 Aug ,2017

Taking a cue from a parliamentary committee that pulled up state governments, particularly those in Uttar Pradesh, Haryana and Gujarat, for diluting k

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Customs department to do away with supervised sealing of containers from October

ICAI - News 26 Aug ,2017

Keen to reduce inspector raj from movement of India's exports, the customs department is devising a plan that will allow goods to move from factory to

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Mobile wallet transactions to touch Rs 32 lakh crore by 2022

ICAI - News 26 Aug ,2017

The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022 and

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Yellen Issues Broad Defense of Post-Crisis Financial Rules

ICAI - News 26 Aug ,2017

Federal Reserve Chair Janet Yellen said any rollback of post-crisis financial reforms should be ?modest? because they?ve made the banking system safer

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Britain heads back to the Brexit table, plans in hand, economy in decline

ICAI - News 26 Aug ,2017

Britain?s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch.

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German business confidence falls slightly in August

ICAI - News 26 Aug ,2017

A closely-watched survey shows business confidence in Germany, Europe's largest economy, slipped slightly in August but that it remains relatively st

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China's JD.com invests in Indonesia's Go-Jek amid SE Asia push

ICAI - News 26 Aug ,2017

JD.com Inc (JD.O) has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China?s

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Japan's July consumer prices rise for 7th straight month

ICAI - News 26 Aug ,2017

Japan's core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making stead

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MFs equity folio count rises 29 lakh in April-July FY'18

ICAI - News 26 Aug ,2017

Equity mutual funds witnessed an addition of over 29 lakh investor accounts or folios in the first four months of the ongoing fiscal, primarily on acc

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Tata Power plugs into e-vehicles trend, to set up 1000 EV charging stations in Delhi

ICAI - News 26 Aug ,2017

Aiming to tap the growing business of electric vehicle (EV) charging, Tata Power Delhi Distribution (TPDDL) is set to spend about Rs 600 crore to upgr

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FDI proposals worth Rs 5,000 crore get government nod

ICAI - News 26 Aug ,2017

Amazon Retail India, Blueair India, Supermarket Grocery and a few others have been given a nod to bring Rs 5,000 crore through foreign direct investme

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FDI flows into India to rise to 2.5% of GDP in five years

ICAI - News 26 Aug ,2017

FDI inflows into India are likely to rise to 2.5% of GDP over the next five years, helped by economic growth and ongoing structural reforms, said a re

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Govt restricts import of gold, silver items from S Korea

ICAI - News 26 Aug ,2017

The government today restricted imports of gold and silver items from South Korea in a bid to check spurt in inbound shipments of precious metals from

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DLF promoters to sell rental arm stake for Rs11,900 crore to GIC affiliate

ICAI - News 26 Aug ,2017

India?s largest property developer DLF Ltd?s audit committee has approved a transaction by which the promoters will sell their stake in its rental arm

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Rs 200 notes launched, RBI says will ramp up production

ICAI - News 26 Aug ,2017

The Reserve Bank of India (RBI) said on Friday it is ramping up the production of the new Rs200 denomination notes and that it will make them availabl

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Deadline ends, figures suggest robust collections

ICAI - News 26 Aug ,2017

As the extended deadline for filing the first tax returns under the goods and services tax (GST) ended on Friday evening, taxpayers inundated the GST

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China may be crippling some of its largest companies with a crackdown on investment

ICAI - News 25 Aug ,2017

China has tightened the purse strings on foreign investment, but the government's crackdown could completely backfire, hurting the very companies it's

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Japan's July consumer prices rise for seventh straight month

ICAI - News 25 Aug ,2017

Japan?s core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making stead

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Low world inflation dogs central bankers, even as economies grow

ICAI - News 25 Aug ,2017

The world?s top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow

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From Railways, defence, roads to economy; here is Niti Aayog?s Three Year Action Agenda

ICAI - News 25 Aug ,2017

India has good prospects of achieving over 8 per cent growth within 2-3 years, Niti Aayog said today, while suggesting a host of reforms to ensure pro

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Air pollution at crisis levels in North India, says Niti Aayog; spells out three-year plan

ICAI - News 25 Aug ,2017

Noting that air pollution has reached crisis level in Northern India, government think-tank Niti Aayog has recommended a slew of measures like imposin

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Rs 5,253 crore road projects to benefit India, Nepal: Nitin Gadkari

ICAI - News 25 Aug ,2017

Road projects worth Rs 5,253 crore are being implemented which would benefit both India and Nepal, Union minister Nitin Gadakri said today.The project

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Tax-GDP ratio to go up: Niti Aayog

ICAI - News 25 Aug ,2017

Niti Aayog has said demonetisation and other financial reforms by the government will have a significant implication on increasing the tax kitty. ?Sev

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EPFO to go paperless by August 2018

ICAI - News 25 Aug ,2017

Retirement fund body Employees? Provident Fund Organisation (EPFO) will go paperless by August next year as part of Digital India initiative, which wo

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Chinese demand drives domestic steel prices

ICAI - News 25 Aug ,2017

Backed by strong demand from China, flat steel producers who raised prices at the beginning of August by up to Rs 3,000, one of the steepest in recent

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China's cabinet expects information technology market to reach 6 trillion yuan by 2020

ICAI - News 25 Aug ,2017

China's State Council on Thursday issued a guideline for the development of the country's information technology (IT) industry.The State Council expec

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Uber Q2 bookings increase, loss narrows

ICAI - News 25 Aug ,2017

Uber Technologies Inc on Wednesday reported a 16 per cent increase in quarterly bookings and a smaller loss than the previous period as the ride-servi

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Lenders take 94% haircut in Synergies insolvency

ICAI - News 25 Aug ,2017

The country?s first corporate resolution plan under the new Insolvency and Bankruptcy Code (IBC) has caused a ripple in the banking and finance indust

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Right to Privacy is a fundamental right, it is intrinsic to right to life: Supreme Court

ICAI - News 25 Aug ,2017

The Supreme Court (SC) on Thursday ruled that privacy is a fundamental right because it is intrinsic to the right to life. "Right to Privacy is an int

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VFS Global acquires TT Services

ICAI - News 25 Aug ,2017

VFS Global has completed the acquisition of visa service provider TT Services for an undisclosed amount. TT Services is a provider of integrated vis

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Biyani firm Future Supply Chain files IPO papers, to raise Rs700 crore

ICAI - News 25 Aug ,2017

Future Supply Chain Solutions Ltd, the logistics arm of Kishore Biyani-led Future Group, on Thursday filed the draft prospectus for its initial public

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Lumax Auto Technologies announces joint venture with Fanscisco Albero for oxygen sensors

ICAI - News 25 Aug ,2017

Home-grown auto component company Lumax Auto Technologies Ltd today announced its joint venture with Francisco Albero S.A.U.,(FAE) Spain to manufactur

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India has potential for 8% growth in 2-3 years, says NITI Aayog

ICAI - News 25 Aug ,2017

Prescribing policy measures to keep the economy on a strong footing, the NITI Aayog on Thursday said that India?s prospects of reaching the 8 per cent

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Ministries have the right to reject FDI proposals, DIPP clarifies

ICAI - News 25 Aug ,2017

The right to reject a foreign direct investment proposal in a sector vests with the designated administrative ministry and not the Department of Indus

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MFI investors have to wait a while to reap benefits of digitisation

ICAI - News 25 Aug ,2017

Private equity investors seeking to earn handsome return from India?s microfinance sector may need to be patient as the process of digital transformat

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Bonds worth Rs 5,000 crore cancelled over rate haze

ICAI - News 25 Aug ,2017

Power Finance Corporation, Indian Railways Finance Corp (IRFC) and Oriental Bank of Commerce have cancelled bond issues to collectively raise more tha

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Just Buy Live raises $100 million from Dubai-based Ali Cloud Investments

ICAI - News 25 Aug ,2017

Just Buy Live, an online distribution platform connecting brands with retailers and small and medium enterprises, Thursday said it has raised a Series

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Mitsui Sumitomo to buy Singapore insurer for $1.6 billion in SEAsia growth push

ICAI - News 25 Aug ,2017

Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore?s First Capital Insurance for $1.6 billion from Canada?s Fairfax Financial Holdings (FF

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Stagnant Investment, Weak Consumers Leave U.K. as G-7 Laggard

ICAI - News 25 Aug ,2017

U.K. consumer spending barely grew in the second quarter, business investment stagnated and trade added nothing to growth, leaving the economy struggl

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EU worker exodus threatens UK food industry, some leaving already

ICAI - News 25 Aug ,2017

Nearly half of businesses operating in Britain?s food supply chain say European Union workers are thinking about leaving because of uncertainty around

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Coal to account for 68% of total power mix by 2026

ICAI - News 25 Aug ,2017

Coal will remain the foremost fuel preference for India's power sector and is expected to account for around 68 per cent of the total power mix by 202

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Gold prices grow on sliding dollar, rise Rs150

ICAI - News 25 Aug ,2017

Gold prices on Thursday made the most of a general weakness in the dollar by bouncing Rs 150 to Rs 29,850 per 10 grams, riding on a strong overseas tr

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Domestic mutual funds? net inflow at $32 bn in past 3.5 years

ICAI - News 25 Aug ,2017

Domestic mutual funds in the past three and a half years have seen a consistent net inflow totalling $32 billion so far. ?Continued reforms by the gov

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Bonds end mixed, Call rates finished lower

ICAI - News 25 Aug ,2017

Government bonds (G-Secs) ended mixed in a quiet trade due to alternate bouts of buying and selling.While, call money rates finished lower due to lack

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BoI slashes interest to 3.5% for savings bank deposits up to Rs 50 lakh

ICAI - News 25 Aug ,2017

Public lender Bank of India has reduced the interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits of up to Rs 50 lakh.

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PSBs to get first tranche of funds infusion by September-end

ICAI - News 25 Aug ,2017

State-run banks are likely to receive the first tranche of government funds for recapitalisation by the end of September, two sources with direct know

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India's Sterlite to invest $1 billion annually in Brazil power lines

ICAI - News 25 Aug ,2017

Sao Paulo: India's largest power transmission company Sterlite Power Grid Ventures Ltd will invest around $1 billion per year in the next few years to

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Dilip Buildcon to sell 24 road assets for Rs1,600 crore to Shrem Group

ICAI - News 25 Aug ,2017

Infrastructure developer Dilip Buildcon Ltd has signed a term sheet with privately owned family business Chhatwal Group Trust (Shrem Group) to sell it

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Tekplay Systems acquires three US-based companies

ICAI - News 25 Aug ,2017

Digital business transformation company, Tekplay has acquired three US-based technology firms that would take the total revenue to USD 30 million by t

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Still looking for a global partner for new AMP platform: Tata Motors

ICAI - News 25 Aug ,2017

Tata Motors is still looking for a partnership with other global automobile companies for its new advanced modular platform (AMP) despite talks with V

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25 lakh taxpayers file returns on penultimate day even as 25 lakh others save details on portal

ICAI - News 25 Aug ,2017

The penultimate day for filing the first tax return under the goods and services tax (GST) saw the number of taxpayers having filed returns surge to 2

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New Rs 200 note will be rolled out by RBI beginning August 25

ICAI - News 25 Aug ,2017

The Union government on Wednesday confirmed that a new Rs 200 note will be issued by the Reserve Bank of India. The new denomination will hit ATMs and

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Nandan Nilekani back at Infosys, named as Chairman of Board; R Seshasayee resigns as Chairman

ICAI - News 25 Aug ,2017

Nandan Nilekani, the celebrated technocrat who seeded the idea of a unique identification number for every Indian, has returned to InfosysBSE 2.01 % t

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Economic fog to clear in India as clutch of data to give clarity

ICAI - News 24 Aug ,2017

Prime Minister Narendra Modi?s policies over the past year have shaken up the nation?s $2 trillion economy, making it tough for investors and advisers

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Agriculture exports may grow to $100 billion by 2022

ICAI - News 24 Aug ,2017

The country's agricultural sector has potential to double farmer income and grow exports to $100 billion by 2022 from the present $36 billion, accordi

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India, Nepal ink eight pacts

ICAI - News 24 Aug ,2017

India and Nepal today inked eight pacts, including on cooperation in countering drug trafficking. The pacts were signed after comprehensive talks bet

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Apple reportedly scaled back its car ambitions because nobody could agree on what an Apple Car should do

ICAI - News 24 Aug ,2017

The so-called "Apple Car" may never come to be, thanks in large part to a lack of agreement by Apple leadership as to what such a vehicle should do, r

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Q1 adjusted revenues of Top 3 telcos fall 4.7% sequentially

ICAI - News 24 Aug ,2017

The telecom industry's adjusted gross revenue (AGR) fell 4.7% sequentially in the fiscal first quarter as Bharti Airtel, Vodafone India and Idea Cellu

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Sequoia India to acquire Faces Cosmetics Canada from Everstone Capital

ICAI - News 24 Aug ,2017

Venture capital firm Sequoia India on Wednesday said it had agreed to acquire Faces Cosmetics Canada, a Canadian colour cosmetics brand along with its

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Coca-Cola, PepsiCo hit hard by slow growth in soft drinks segment

ICAI - News 24 Aug ,2017

Coca-Cola and PepsiCo plants for aerated sugary beverages are running at about half their capacities, underscoring a pronounced shift in consumer pref

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Brand IPL gets stronger, valuation soars to $5.3 billion

ICAI - News 24 Aug ,2017

There's no stopping the Indian Premier League, even in its 10th year. As it continues to attract viewers and advertisers, the brand value of the 20-ov

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Tatas seek to regain top steelmaker tag by hitching a ride on beleaguered Essar

ICAI - News 24 Aug ,2017

Tata Steel, India?s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for re

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ECB chief Draghi: QE has made economies more resilient

ICAI - News 24 Aug ,2017

QE was introduced as an emergency measure during the financial crisis to pump money directly into the financial system and keep banks lending.A decade

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China Paper mulls $5 billion bid for Brazil's Eldorado

ICAI - News 24 Aug ,2017

China Paper Holdings (CPHL.SI) has joined a group of companies competing to buy control of Brazilian pulpmaker Eldorado Brasil Celulose SA, Folha de S

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Massive California verdict expands J&J's talc battlefield

ICAI - News 24 Aug ,2017

A massive California verdict in a lawsuit alleging Johnson & Johnson's (JNJ.N) talc-based products cause cancer has opened a new front in the litigati

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Euro zone business growth maintains solid pace in August

ICAI - News 24 Aug ,2017

Euro zone manufacturing businesses clocked their best month of growth in six-and-a-half years in August, offsetting the weakest services growth in sev

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Being 'constructive', Britain outlines ways to end EU court supremacy

ICAI - News 24 Aug ,2017

Britain will "engage constructively" with the EU to find an agreement on the future role of the European Court of Justice, but the rights of citizens

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Toshiba Corp in advanced discussions to sell chips unit

ICAI - News 24 Aug ,2017

Toshiba Corp is in advanced discussions to sell its chips unit to a consortium that includes Western Digital Corp, switching from a previously announc

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Google and Walmart team up to take on Amazon

ICAI - News 24 Aug ,2017

Wal-Mart, the world?s biggest retailer, and Google, the internet?s predominant search engine, are teaming up in an attempt to challenge Amazon?s growi

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RBI to harmonise NBFC regulations: Deputy Governor

ICAI - News 24 Aug ,2017

There is scope for harmonising the regulations covering non-banking finance companies (NBFCs) and the Reserve Bank is moving in that direction, Deputy

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India Inc?s Overseas Borrowing Jumps 57% In July

ICAI - News 24 Aug ,2017

Indian companies raised $1.89 billion from overseas markets last month, 57.5 percent more than a year ago, data from the Reserve Bank of India showed

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Corporate bond yields rise as no immediate rate action seen

ICAI - News 24 Aug ,2017

Corporate bond yields have risen over the previous few weeks as is evident from the pricing seen on some of the deals on Wednesday. Two sources indica

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Financials of steel firms not trusted today, says SBI chief Arundhati Bhattacharya

ICAI - News 24 Aug ,2017

Balance sheets of Indian steel companies lack transparency, and as such, they have lost the trust of banks, State Bank of India (SBI) chairman Arundha

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RERA forces builders to rush and change deadlines

ICAI - News 24 Aug ,2017

A number of real estate projects have seen a leap in their delivery timelines in the wake of the implementation of Maharashtra RERA. A report by Knigh

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RIL project seen bumping up petrochemicals core profit by $300 mn

ICAI - News 24 Aug ,2017

Reliance Industries Ltd's (RIL?s) first-of-its-kind ethane import project is expected to add $300 million to the operating profit of the petrochemical

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Vedanta Resources Q1 operating profit up 48% at $777.8 mn

ICAI - News 24 Aug ,2017

Diversified global natural resources giant Vedanta Resources today saw its operating profit swell by 48 percent to USD 777.8 million for the first qua

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Supreme Court to hear plea of Jaypee home buyers on Thursday

ICAI - News 24 Aug ,2017

The Supreme Court on Wednesday, agreed to hear on Thursday a plea of several aggrieved flat-buyers who had booked their dream home in several projects

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Income Tax department open to reducing withholding tax for companies

ICAI - News 24 Aug ,2017

The income tax department is open to lowering the withholding tax rate for foreign companies which have income in India, a senior official said on Wed

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India's growth revival still a concern: D&B

ICAI - News 24 Aug ,2017

Growth revival in India remains a "concern" due to subdued consumption and investment demand even nine months after demonetisation and nearly two mont

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RBI to issue Rs 200 notes: FinMin

ICAI - News 24 Aug ,2017

The government today gave its go-ahead to the Reserve Bank to issue Rs 200 notes that will ease pressure on lower-denomination currency bills.The fina

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GST could increase cost benefits by 5% in 3 yrs

ICAI - News 24 Aug ,2017

The implementation of goods and service tax (GST) could possibly increase overall benefits for retailers by up to 5 per cent over the next three years

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Debt resolution top priority in insolvency process, says IBBI chief

ICAI - News 24 Aug ,2017

Resolution of indebtedness of a firm will be the top priority of all constituents of the insolvency and bankruptcy mechanism in the interest of the st

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GST amount collected hits Rs 50,000 cr mark from 20 lakh businesses

ICAI - News 24 Aug ,2017

The government has collected goods and and service tax (GST) amount of Rs 50,000 crore so far with 20 lakh assessees having filed an interim tax retur

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Infosys shares jumps 3% on buzz of Nilekani?s return

ICAI - News 24 Aug ,2017

Shares of Infosys on Thursday surged by nearly 3 % on stock exchanges amid reports that co? founder and former CEO Nandan Nilekani may come back to th

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Narendra Modi government unveils alternative mechanism to transform banking landscape in India

ICAI - News 24 Aug ,2017

Any proposal to amalgamate banks must be initiated by boards of state-owned lenders and a merger must be based on commercial considerations, finance m

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Open to suggestions on easing TDS rates: CBDT chief

ICAI - News 24 Aug ,2017

The Central Board of Direct Taxes (CBDT) is open to suggestions on easing of tax deduction at source (TDS) rates, its Chairman Sushil Chandra has said

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Home sales recover as Mumbai touches 7-yr high

ICAI - News 24 Aug ,2017

India?s home sales are staging a recovery from a slump last year, when the government suddenly cancelled most of the nation?s currency to crack down o

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Steel makers anxious as iron ore miners up prices over export demand

ICAI - News 24 Aug ,2017

Merchant miners in Odisha have hiked prices of 62 Fe grade iron ore prices by more than nine per cent within two weeks as international prices climbed

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Bears tighten grip on gold

ICAI - News 24 Aug ,2017

With gold prices hovering around $1,300 per ounce internationally and about Rs.29,000 per 10 gm in India, bears are tightening their grip by raising s

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Tata Power to sell non-core assets to trim debt

ICAI - News 24 Aug ,2017

Tata Power Ltd is trying to sell non-core assets to reduce debt, chairman N. Chandrasekaran said, even as it struggles to find a solution to its vexed

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Sebi to conduct fresh probe into Infosys-Panaya deal

ICAI - News 24 Aug ,2017

The Securities and Exchange Board of India (Sebi) will conduct a fresh probe into corporate governance complaints against Infosys in connection with t

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Govt not considering ban on Rs 2,000 notes: Arun Jaitley

ICAI - News 24 Aug ,2017

Finance Minister Arun Jaitley on Wednesday said the government is not considering banning Rs 2,000 notes, and the Reserve Bank will decide on the timi

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Indian microfinance loans grew 26% in Q1

ICAI - News 23 Aug ,2017

The business of Indian non-banking finance companies-microfinance institutions (NBFCs-MFIs) has grown 26 per cent during the first quarter of the curr

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India's foreign reserves at record high: DBS

ICAI - News 23 Aug ,2017

India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investmen

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Cabinet approves plans to merge some state-run banks

ICAI - News 23 Aug ,2017

India's federal cabinet on Wednesday gave an "in-principle" approval for the consolidation of state-run banks by merging some of the lenders, televisi

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Google and Walmart unveil e-commerce partnership

ICAI - News 23 Aug ,2017

Google and Walmart on Tuesday announced a partnership that will make the retailer's products available on the internet giant's online shopping mall.

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SBI Chief Says Mergers Can Reduce PSU Banks' Need For Government Capital

ICAI - News 23 Aug ,2017

State Bank of India chairperson Arundhati Bhattacharya on Tuesday called for more consolidation among the public sector banks, saying this could reduc

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The Chinese yuan has been on a tear, but it may have just hit its peak

ICAI - News 23 Aug ,2017

China's yuan has been on a tear this year, but experts are predicting the run may be over ? and it may even be poised for a downturn.The yuan's rise h

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Government runs July budget surplus for first time in 15 years

ICAI - News 23 Aug ,2017

July saw a surplus of ?0.2bn, compared with last year's deficit of ?0.3bn.For the four months so far this year, though, public sector net borrowing -

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Microsoft launches 'Project Brainwave' for real-time AI

ICAI - News 23 Aug ,2017

Software giant Microsoft has announced its Project Brainwave deep learning acceleration platform for real-time artificial intelligence (AI). With the

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New Zealand doubles budget surplus forecast, cuts GDP growth projections

ICAI - News 23 Aug ,2017

The New Zealand government more than doubled its budget surplus forecast this year but cut growth forecasts in a spending update on Wednesday, flaggin

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Fed banks unanimous in keeping discount rate unchanged in July - minutes

ICAI - News 23 Aug ,2017

All of the Federal Reserve's 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency loans ahead of the U.S centra

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Record reserves turn costly cash pile for RBI

ICAI - News 23 Aug ,2017

As India?s foreign-exchange reserves march toward the unprecedented $400 billion mark, its central bank faces a costly conundrum. To keep the rupee st

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11 states may see Rs 9,500 crore revenue loss this year under GST

ICAI - News 23 Aug ,2017

Even though as a whole states' revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs

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Two regional rural banks record over Rs.150-cr profit in FY17

ICAI - News 23 Aug ,2017

Of the 56 regional rural banks (RRBs) in the country, two notched up net profit of over Rs.150 crore each during 2016-17. These are among the 49 RRBs

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RBL Bank cuts MCLR by 10-15 bps

ICAI - News 23 Aug ,2017

RBL Bank has cut the marginal cost of fundsbased lending rates by10-15 basis points, effective from Tuesday, according to data on the lender?s website

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MTR Foods? parent company Orkla enters Indian confectionery space

ICAI - News 23 Aug ,2017

Orkla Group, the Norwegian leader in branded consumer goods and parent company of MTR Foods Pvt Ltd, announced its foray into the Rs.8,200-crore India

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Reserve Bank of India to introduce Rs 200 notes beginning September

ICAI - News 23 Aug ,2017

Reserve Bank of India appears to be giving highest emphasis on how to avoid the possibility of an illegal trade of currency notes as it prepares to i

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Data protection firm Druva raises $80 million in fresh funding

ICAI - News 23 Aug ,2017

Druva, the global major in cloud data protection and management, on Tuesday announced $80 million of equity funding, bringing the total raised to appr

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Sterling sinks to 8-week low vs. dollar