Iran's economy continues to struggle despite lifting of sanctions

ICAI - News 17 Nov ,2017

The 2015 nuclear agreement was hailed as a way forward for the Iranian regime, allowing it to regain a place in the international community, while at

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With rating action, India in for more capital inflows: Industry

ICAI - News 17 Nov ,2017

Giving a thumbs-up to Moody's rating upgrade, India Inc today said the move is a reaffirmation of the government's reforms push that will boost foreig

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Norway's $1 trillion wealth fund proposes to drop oil, gas stocks from index

ICAI - News 17 Nov ,2017

Norway?s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its inves

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Singapore October exports rise most in 2-1/2 years, China sales soar

ICAI - News 17 Nov ,2017

Singapore?s exports rose the most in 2-1/2 years in October, well over double expectations as surging sales to China helped more than recoup a decline

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Japan exports seen growing in Oct on robust external demand

ICAI - News 17 Nov ,2017

Japan?s exports are expected to have risen for an eleventh straight month in October, led by robust demand for cars and electronics manufacturing equi

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Dollar steadies as tax overhaul gets US House nod

ICAI - News 17 Nov ,2017

The U.S. dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, aft

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Moody's action spruces up India's investment credentials

ICAI - News 17 Nov ,2017

The sovereign rating upgrade by global agency Moody's has put India alongside Italy, Spain, Bulgaria and the Philippines in terms of investment climat

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Afghanistan pushes business ties with India through trade fair

ICAI - News 17 Nov ,2017

India?s economic reform agenda such as Make in India, Digital India, Start-up India, Stand-up India, Skill India, and Smart Cities is a constructive a

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Wealthy move: A shift from debt to equity

ICAI - News 17 Nov ,2017

Investors are shifting a part of their portfolio to equities and gold from bonds, with rising rates threatening to limit debt returns. As select debt

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Reliance Retail is planning to disrupt India?s ecommerce scenario

ICAI - News 17 Nov ,2017

After shaking up India?s telecom industry, the Reliance Group could re-cast the country?s ecommerce leaderboard next. The retailing arm of India?s mos

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IFC, HDFC create $800 million fund to finance construction of affordable homes

ICAI - News 17 Nov ,2017

The International Finance Corporation, a part of the World Bank group, has joined hands with HDFC to create an USD 800 million fund to finance constru

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RBI Likely to Zero In on 50 More Stressed A/Cs

ICAI - News 17 Nov ,2017

The Reserve Bank of India is likely to come up with a fresh list of around 50 loan accounts that are either under stress or close to being classified

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Naveen Patnaik Performs Ground Breaking Of 15 Projects Worth Rs 12,000 Cr

ICAI - News 17 Nov ,2017

Chief Minister Naveen Patnaik on Thursday (16 November) performed ground breaking ceremony of 15 projects involving an investment of Rs 11,690 crore t

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India Inc raises Rs 1.4-lakh crore via equities in 2017

ICAI - News 17 Nov ,2017

Fundraising through the equity route hit an all-time high, touching the Rs 1.4-lakh crore mark during the current calendar year (CY17). In all, compan

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Volkswagen China invests $12 bn in e-cars

ICAI - News 17 Nov ,2017

Volkswagen AG will invest more than $12 billion with its partners to make and develop a range of new-energy vehicles in China as carmakers step up inv

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JSW prepares war chest to bid for toxic assets

ICAI - News 17 Nov ,2017

JSW Steel has emerged as the most aggressive bidder for stressed steel assets. The country?s largest steel maker is vying to buy 9.9 million tonnes of

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SoftBank Plans Up to $25 Billion in Saudi Investments

ICAI - News 17 Nov ,2017

SoftBank Group Corp. plans to invest as much as $25 billion in Saudi Arabia over the next three to four years as the Japanese company run by Masayoshi

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Renault, Toyota lead 6% European sales gain

ICAI - News 17 Nov ,2017

European sales rose 5.9 percent in October, with Renault, Toyota and Volkswagen Group's Seat brand leading the gains among volume automakers. Registra

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Experts to brainstorm tech innovations to improve oil and gas exploration

ICAI - News 17 Nov ,2017

Over a period of three days starting Friday, 7,00 delegates?mostly petroleum geophysicist ? will brainstorm over new technologies available across the

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Sebi creates new category of reporting FPI investment in hybrid securities

ICAI - News 17 Nov ,2017

Market regulator Sebi has said foreign portfolio investors should report their investment in hybrid securities separately and has asked the depositori

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SEBI probing into sharing of listed companies info on social media

ICAI - News 17 Nov ,2017

Markets regulator Sebi will look into the complaints of some individuals allegedly circulating key financial details and other information about liste

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RBI eases rules for short-selling in govt bonds

ICAI - News 17 Nov ,2017

The Reserve Bank of India on Thursday eased the rules for short-selling in government bonds, allowing traders to deliver securities from their own por

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Curve steepens as bond yields hit 14-month high

ICAI - News 17 Nov ,2017

The benchmark Bond yield hit a fresh 14-month high on Thursday having closed at 7.06% even as the markets continued to factor in worries about fiscal

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Mobile phone shipment to touch 262 mn by 2017-end: CMR

ICAI - News 17 Nov ,2017

Mobile handset shipments in India are likely to touch 262 million units by the end of the year with feature phones continuing to dominate the market,

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SSG Capital buys 34.42% stake in Cox & Kings UK unit

ICAI - News 17 Nov ,2017

Travel firm Cox & Kings Ltd Thursday said SSG Capital Management Ltd has bought 34.42% stake in its British subsidiary Prometheon Holdings (UK) Ltd fr

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Haier expands India facility with Rs 600-cr investment

ICAI - News 17 Nov ,2017

Home appliances and consumer electronics maker Haier India opened its first industrial park in the country in Ranjangaon, Pune. Haier has invested Rs

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Inflation may ease by December: Former RBI Governor Rangarajan

ICAI - News 17 Nov ,2017

Former RBI Governor C Rangarajan on Thursday said retail inflation, which rose to 3.58 percent in October, may ease by December and remain below the 4

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Exporters can now file GST refund claim manually: CBEC

ICAI - News 17 Nov ,2017

Exporters can now manually file claims for GST refunds before tax officers owing to the specific modules not being available online, as per latest ord

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Vodafone, Idea Cellular merger: On spectrum cap, the new entity may gain; here is how

ICAI - News 17 Nov ,2017

The merged entity of Idea and Vodafone may not have to surrender excess spectrum in about five circles because the Telecom Regulatory Authority of Ind

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Cabinet approves setting up of anti-profiteering body under GST

ICAI - News 17 Nov ,2017

The Cabinet on Thursday approved setting up of National Anti-Profiteering Authority (NAA) under the Goods and Services Tax, a move that will ensure th

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Narendra Modi government gives big home loan boost to housing in India; demand set to soar

ICAI - News 17 Nov ,2017

The government on Thursday made loans cheaper even for slightly bigger homes bought by middle-income groups in a move that should boost demand and hel

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Indian economy on recovery path, to grow by 6.8% in 2017-18: CLSA analysts

ICAI - News 16 Nov ,2017

The Indian economy is on the path of recovery and will expand by about 7-7.5% in 2018-19 after growing about 6.8% in 2017-18, analysts at investment g

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Volkswagen Group earmarking $11.8 billion to develop, build China electric cars

ICAI - News 16 Nov ,2017

Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybri

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State Street sees Asian bond markets under some pressure in 2018

ICAI - News 16 Nov ,2017

Asian central banks will tilt to less dovish postures on monetary policy as U.S. interest rates climb next year, putting pressure on domestic bond ma

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Indian corporates find saviour in bonds as loans dry up

ICAI - News 16 Nov ,2017

Indian companies are finding it easier to raise funds through bonds than bank loans, as a surge in bad credit chokes off bank lending while investors

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Reliance Capital has Rs 1,450 crore exposure to RCom; hopes to recover it by March 2018

ICAI - News 16 Nov ,2017

As Anil Ambani-led Reliance Communications reels under the immense pressure of debt, the group?s financing arm Reliance Capital said on Thursday that

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Hint of recovery seen in India Inc's bottom line for the second quarter after GST

ICAI - News 16 Nov ,2017

There?s a hint of recovery in India Inc?s bottom line for the second quarter that followed rollout of GST. Net profit of a sample of 1,455 companies (

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United Bank of India plans to raise Rs 500 cr via Basel III compliant bonds

ICAI - News 16 Nov ,2017

State-owned United Bank of India (UBI) plans to raise up to Rs 500 crore to comply with the global standard Basel III banking norms by March 2019. The

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India Inc raises Rs 1.4-lakh crore via equities in CY17

ICAI - News 16 Nov ,2017

Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, comp

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China central bank adviser expects less forceful deleveraging in 2018

ICAI - News 16 Nov ,2017

A Chinese central bank adviser said on Thursday he expects the government?s financial deleveraging to be less forceful next year, a campaign that has

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Big GST relief for industry, Centre exempts advance receipts from new tax regime

ICAI - News 16 Nov ,2017

In a major relief to the industry, the government on Wednesday waived the provision of goods and services tax (GST) on advance receipts against supply

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Redress taxpayers' grievances on priority: CBDT to I-T department

ICAI - News 16 Nov ,2017

A "concerned" Central Board of Direct Taxes (CBDT) has asked the Income Tax (I-T) department to take prompt steps and address the taxpayers' grievanc

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Decks cleared for first mega CEZ; 45 companies may invest Rs 15k-crore in phase-I

ICAI - News 16 Nov ,2017

The government has given the go-ahead for setting up India?s first mega coastal economic zone (CEZ) at the Jawaharlal Nehru Port in Maharashtra as par

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Government plans Rs 3000 crore spend to push capital goods manufacture

ICAI - News 16 Nov ,2017

The Central government plans to spend Rs 3,000 crore to implement various programs under the National Capital Goods Policy, Anant G. Geete, Union Mini

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U.S. Inflation, Retail Data Show Economy Ready for Fed Rate Hike

ICAI - News 16 Nov ,2017

The U.S. economy delivered a double win for the Federal Reserve in October with an encouraging pickup in inflation and an unexpected gain in retail sa

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ReNew Power to buy wind power business of KC Thapar Group for Rs 1,000 crore

ICAI - News 16 Nov ,2017

Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India?s biggest renewable ene

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Airtel expands VoLTE to AP, Telangana

ICAI - News 16 Nov ,2017

Bharti Airtel has expanded its VoLTE (Voice over LTE) service to Andhra Pradesh and Telangana. Airtel VoLTE, which works over 4G, will let its custome

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Bonds, call rates recover

ICAI - News 16 Nov ,2017

Government bonds (G-Secs) recovered on Wednesday following fresh demand from corporates and banks and the interbank call money rates also turned highe

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CRISIL to buy former Citi bankers? data analytics venture Pragmatix

ICAI - News 16 Nov ,2017

Ratings firm CRISIL Ltd, majority owned by S&P Global Inc, has agreed to purchase data analytics company Pragmatix Services Pvt. Ltd for up to Rs 56 c

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Amazon invested $1 bn in India e-commerce arm since Jan

ICAI - News 16 Nov ,2017

US online retail giant Amazon has invested Rs 6,200 crore (about $1 billion) in its e-commerce business in India since the beginning of this calendar

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MF investments in equities cross Rs 1 lakh cr in 2017

ICAI - News 16 Nov ,2017

Domestic mutual funds (MFs) continue to pour money into equity markets, with their net flow crossing Rs 1-lakh crore mark during calendar year 2017 (C

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Russia and Venezuela agree debt deal

ICAI - News 16 Nov ,2017

The deal, announced on Wednesday, allows Venezuela to make "minimal" repayments on its Russian obligations over the next six years.It comes a day afte

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Japan's GDP grows for seven straight quarters, outlook remains solid

ICAI - News 16 Nov ,2017

Japan?s economy grew faster than expected in the third quarter due to strong exports, posting the longest period of uninterrupted growth in more than

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U.S. consumer prices edge up; retail sales unexpectedly increase

ICAI - News 16 Nov ,2017

Underlying U.S. consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent disinfla

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Sebi allows multilateral entities to issue securities in IFSC

ICAI - News 16 Nov ,2017

Markets regulator Securities and Exchange Board of India (Sebi) has allowed multilateral and statutory organisations abroad to issue securities in the

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Outward FDI drops 58% to $1.35 bn in Oct: RBI

ICAI - News 16 Nov ,2017

Overseas investments by Indian firms dropped about 58 per cent in October to USD 1.35 billion on annual basis, as per the RBI data.Outward foreign dir

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10-year benchmark bond: Yield closes above 7% for second session

ICAI - News 16 Nov ,2017

The yield on the 10-year benchmark bond closed above 7 per cent for the second consecutive session on Wednesday at 7.017 per cent. On Tuesday, the yie

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Setback for Indian Overseas Bank as NCLAT orders refund of money to Amtek Auto in insolvency case

ICAI - News 16 Nov ,2017

Lenders are not permitted to recover their outstanding loans by accessing a defaulter?s bank account during the corporate insolvency resolution proces

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Suzlon suspends operations at Karnataka blade plant

ICAI - News 16 Nov ,2017

Wind energy equipment maker Suzlon has put out a notice to suspend operations at its rotor blade manufacturing unit at Padubhidri in Karnataka, follow

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Bharat Stage VI (BS VI) deadline advanced by 2 years; automakers, oil companies face big challenge

ICAI - News 16 Nov ,2017

As the petroleum ministry on Wednesday advanced the deadline for switching over to Bharat Stage-VI (BS-VI) from BS-IV compliance in the national capit

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India Inc quarterly returns: Festive season cheer bypasses corporates as costs jump, margins get squeezed; auto sector bucks trend

ICAI - News 16 Nov ,2017

The July-September earnings of India Inc continue to be disappointing with the net profit of a sample of 1,296 companies (excluding banks, financials

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F. No. HRD/TCB/MSTU/801/2013-14/Dy. No. 823/2017 - Ad VII

Income Tax : Communications 10 Nov ,2017

Publish Date : Friday, November 10, 2017

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Section 35 of the Income-tax Act

Income Tax : Communications 14 Nov ,2017

Publish Date : Tuesday, November 14, 2017

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Life insurers report 21.1% growth in new biz income in April-October

ICAI - News 15 Nov ,2017

The new business premium of life insurance companies grew 21.2 per cent to Rs 1.05 lakh crore in April-October period, compared with a year-ago, boost

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Domestic M&As may scale $53 billion in 2019

ICAI - News 15 Nov ,2017

Mergers and acquisition (M&As) activity may reach USD 46.5 billion in 2017 and is likely to touch USD 52.8 billion in 2019, aided by government effort

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Airbus to sell 430 planes to U.S. firm Indigo Partners for $49.5 billion

ICAI - News 15 Nov ,2017

United Arab Emirates - Airbus announced on Wednesday that it will sell 430 airplanes to U.S. firm Indigo Partners for $49.5 billion in the European fi

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Japan's economy posts longest growth streak since 2001

ICAI - News 15 Nov ,2017

Data showed gross domestic product (GDP) grew at an annualised rate of 1.4% between July and September.The solid quarterly result comes after more tha

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UK workforce sees biggest fall in two years

ICAI - News 15 Nov ,2017

There were 32 million workers in the three months to September, down 14,000 from the last quarter, Office for National Statistics data shows. At the s

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India's IT spending to grow 9% to $87 bn in 2018: Gartner

ICAI - News 15 Nov ,2017

India's IT spending is projected to grow 9.2 per cent $87.1 billion in 2018 on the back of consumer demand for smartphones and businesses embracing te

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I-T to issue notices to suspicious cash depositors

ICAI - News 15 Nov ,2017

The Income-Tax (I-T) Department will soon issue notices to those who have deposited ?suspicious? amounts of money in banks after demonetisation and ha

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Amara Raja sparks investor interest with robust growth

ICAI - News 15 Nov ,2017

ET Intelligence Group: Amara RajaBSE 2.76 %, India?s second-largest battery maker, is attracting investor attention after its latest performance demon

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Airtel outshines Vodafone and Idea in Q2, hints at recovery

ICAI - News 15 Nov ,2017

Bharti Airtel turned in a stronger performance than rivals Vodafone India and Idea Cellular in the seasonally weak second quarter, signalling a recove

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Malvinder Mohan Singh steps down from Religare Enterprises

ICAI - News 15 Nov ,2017

Malvinder Mohan Singh stepped down from the post of non-executive chairman at Religare Enterprises. The financial services holding company named S Lak

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FMCG companies want traders to pass on GST gains

ICAI - News 15 Nov ,2017

From Wednesday, consumers would do well to check their shopping bills closely. A host of packaged products such as chocolates, toothpastes, shampoos,

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Telecom is reeling under mass layoffs. Casualties so far: 75,000 jobs & counting

ICAI - News 15 Nov ,2017

The telecom sector lost a fourth of its workforce, or some 75,000 employees, in the last one year as operators, tower firms and vendors consolidate to

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Insolvency code: To get its pound,CBDT to strengthen presence before Tribunals

ICAI - News 15 Nov ,2017

The income tax department is strengthening its representation in corporate insolvency cases being resolved through the Insolvency and Bankruptcy Code.

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Hit by GST, exports fall 1.2% to $23 billion in Oct

ICAI - News 15 Nov ,2017

Sharp fall in export of items such as readymade garments, gems and jewellery and leather products has resulted in a 1.2 per cent decline (year-on-year

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LuLu Group to expand retail presence in India

ICAI - News 15 Nov ,2017

Abu Dhabi-based LuLu Group International is on a major expansion drive to increase its retail and hospitality footprint in India. The group will accom

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Gulf Oil Lubricants expands Indian OEM partnerships

ICAI - News 15 Nov ,2017

The rapidly growing lubricant company Gulf Oil Lubricants India Ltd is extending its partnerships in the automotive sector by signing on Bajaj Auto, F

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NCAER pegs India's FY'18 GDP growth at 6.2 per cent

ICAI - News 15 Nov ,2017

Indian economy is projected to grow at 6.2 per cent in 2017-18, a report by economic think- tank NCAER said. In its mid-year review of the economy, NC

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Benchmark bond yield at 7% after 14 months

ICAI - News 15 Nov ,2017

The yield on the 10-year government security (G-Sec) closed over seven per cent on Tuesday, given concerns regarding rising inflation, geopolitical in

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After 13-month recovery, exports fall 1.1% to $23 bn in October

ICAI - News 15 Nov ,2017

Exports contracted 1.1 per cent in October year-on-year to $23.1 billion, the first fall in 14 months, as companies continued to struggle with issues

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Govt seeks special dividend from RBI for bank recapitalisation

ICAI - News 15 Nov ,2017

The government has sought a special dividend from the Reserve Bank of India (RBI) to fund a part of its Rs 2.11-lakh crore plan to recapitalise public

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Euro zone growth, eclipsing U.S. economy, set to be best in decade

ICAI - News 15 Nov ,2017

The euro zone?s annual economic growth rate outstripped that of the United States in the third quarter setting up 2017 as the best year for the curren

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China's economy cools as government curbs hit factories, property and retailers

ICAI - News 15 Nov ,2017

China?s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government exte

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Steady manufacturing growth lifts steel demand

ICAI - News 15 Nov ,2017

Now that IIP data has been made available for the first half of the current fiscal, it is possible to find out the implication of this growth for Indi

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Gold ETFs register Rs 420 cr outflow in April-October FY18

ICAI - News 15 Nov ,2017

Gold exchange-traded funds (ETFs) continued to lose sheen as an investment class, with investors pulling out over Rs 420 crore from such instruments i

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Warmer weather, rising non-OPEC output threaten oil market balance

ICAI - News 15 Nov ,2017

Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the marke

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Retail digital payments: Unified Payments Interface (UPI) grows 149 pct, fastest of them all

ICAI - News 15 Nov ,2017

The Unified Payments Interface (UPI) channel grew the fastest among all modes of retail digital payments in October, rising 149% month-on-month (m-o-m

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To pare debt, Tata Power to sell Tata Communications stake valued at Rs 3368 cr

ICAI - News 15 Nov ,2017

Tata Power Company plans to sell its entire direct and indirect stake of 17.5% in the group company ? Tata Communications to pare debt, as it strategi

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WPI inflation at 6-month high of 3.59% on costlier food, fuel

ICAI - News 15 Nov ,2017

Inflation, based on wholesale rates, shot up to a 6-month high of 3.59 per cent in October as prices of food items and fuel rose sharply. As per the

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Exports enters negative zone in Oct; trade deficit widens

ICAI - News 15 Nov ,2017

Exports entered the negative terrain after over an year, contracting 1.12 per cent in October primarily due to liquidity problem being faced by export

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Jeff Bezos bets on India: Amazon invests Rs 2900 crore more in Indian business

ICAI - News 15 Nov ,2017

Amazon has invested another Rs 2,900 crore ($443 million) in its India unit as part of its commitment to invest $5 billion to expand its Indian busine

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Bharti Airtel sells $508 million stake in tower arm Bharti Infratel

ICAI - News 14 Nov ,2017

Mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees in a bi

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Apollo Tyres lines up Rs 4,500-crore capex for next two years

ICAI - News 14 Nov ,2017

Tyre major Apollo Tyres has planned a Rs 4,500-crore capital expenditure (capex) for financial years 2017-18 and 2018-19, to set up a greenfield facil

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London will remain Europe's financial capital

ICAI - News 14 Nov ,2017

He told the BBC that the UK's departure from the EU would probably slow the capital's growth, but would not see it eclipsed by a European rival.London

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Final deal with Uber linked to price, shares offered, says SoftBank

ICAI - News 14 Nov ,2017

SoftBank has said its investment deal with cab-hailing app Uber is yet to be decided and will depend on the tender price and a minimum percentage shar

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Demonetisation effect: Mobile payments double in 1 year; 4G to aid faster growth than China

ICAI - News 14 Nov ,2017

A year after demonetisation, cashless transactions have gone up substantially, mostly because of mobile wallets. According to a research by Counterpoi

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With debt of Rs 3,850 cr, Patel Engineering debt recast plan gets RBI panel nod

ICAI - News 14 Nov ,2017

Patel Engineering on Monday said the Overseeing Committee (OC) has approved the company?s debt recast plan under the Reserve Bank of India?s (RBI) sch

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India services export flat at $14 billion in September, import grows

ICAI - News 14 Nov ,2017

Services export of India remained flat at USD 13.73 billion in September year-on-year while import slightly picked up to USD 8.45 billion, showed RBI

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UK inflation holds steady at 3%

ICAI - News 14 Nov ,2017

Falls in fuel prices were offset by higher food costs, particularly the price of potato crisps, the Office for National Statistics (ONS) said.The Cons

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Boeing signs off on a $1.3 billion deal at Dubai Airshow

ICAI - News 14 Nov ,2017

Boeing has announced it is to sell four cargo freighters to Ethiopian Airlines at a total list price of $1.3 billion. The order should see the aircraf

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Amazon to sell China cloud services unit in $300 million deal

ICAI - News 14 Nov ,2017

Amazon.com Inc?s Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon?s Chinese web services business for up to 2 billion yua

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HOEC to produce oil from Mumbai field by 2021, invest $43 million

ICAI - News 14 Nov ,2017

Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had wo

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Wholesale inflation hits six-month high in October at 3.59% due to high food, fuel price

ICAI - News 14 Nov ,2017

The Wholesale Inflation for October has surged to 3.59% to a six-month high, driven by faster rises in prices of food and fuel products, after registe

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RBI may leave rates on hold after higher prices, say experts

ICAI - News 14 Nov ,2017

Stronger food and fuel inflation pushed up headline CPI inflation to a 7-month high in October and accordingly, the Reserve Bank is expected to stay o

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China investment growth slows, industrial output misses expectations

ICAI - News 14 Nov ,2017

China's fixed-asset investment growth slowed to 7.3 percent in the January-October period, and came in slightly below market expectations.Analysts pol

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German economy sees 0.8 percent growth in 3rd quarter

ICAI - News 14 Nov ,2017

Germany's economy accelerated to growth of 0.8 percent in the third quarter, official data showed Tuesday, exceeding economists' expectations. Quarter

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Renewables capacity crosses 60GW

ICAI - News 14 Nov ,2017

In a significant development, India?s total renewable energy capacity crossed 60,000 MW in the September quarter.The country added 10,000 MW in the la

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Bond yields, call rate rise

ICAI - News 14 Nov ,2017

Government bonds (G-Secs) dropped on selling pressure from banks and corporates. The 6.79 per cent 10-year benchmark bond maturing in 2027 slid to ?98

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OPEC points to larger 2018 oil supply deficit as market tightens

ICAI - News 14 Nov ,2017

OPEC raised its forecast on Monday for demand for its oil in 2018 and said its deal with other producers to cut output was reducing excess oil in stor

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Outward remittances cross $1 bn in Sept 2017

ICAI - News 14 Nov ,2017

The Liberalised Remittance Scheme (LRS), which allows resident Indians to send money abroad, is back in focus on account of money-laundering concerns.

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GST under revenue department

ICAI - News 14 Nov ,2017

Work relating to the Financial Action Task Force (FATF) has been moved out of economic affairs to the revenue department, according to a recent offici

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Jindal Stainless to focus on speciality steel

ICAI - News 14 Nov ,2017

As part of its expansion strategy, Jindal Stainless plans to enter some unconventional areas of steel use ? defence, nuclear energy, aerospace and lon

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Bidders for stressed assets face income tax hurdle

ICAI - News 14 Nov ,2017

The sale of stressed assets by lenders could face a serious problem if the income tax (I-T) department demands a levy on the haircut and interest fore

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First tranche of bank recap bonds likely in December

ICAI - News 14 Nov ,2017

The government may issue the first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds in the first week of December. ?The issue of bo

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World's Top Tech Giants Amass $1.7 Trillion in Monster Year

ICAI - News 14 Nov ,2017

Between the FAANG quintet and China?s rivaling BAT companies, gains in the world?s top technology shares are nearing a whopping $1.7 trillion in marke

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Coal India records higher supplies to power sector in Q2

ICAI - News 14 Nov ,2017

Coal India (CIL) clocked a growth of 13.6% year-on-year in overall coal off-take, 13.6% y-o-y in coal supplies to power utilities, 8.3% in coal produc

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Inflows in equity MFs surges to Rs 2.86 lakh cr after note ban

ICAI - News 14 Nov ,2017

Equity mutual funds registered a staggering inflow of Rs 2.86 lakh crore in the past 11 months bolstered by the ban on high value currency notes, late

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Uco Bank bad loans: Looking to recover Rs 4000 cr, says MD & CEO RK Takkar

ICAI - News 14 Nov ,2017

Public sector lender Uco Bank is looking to recover more than Rs 4,000 crore from bad assets in this financial year by means of cash recovery and upgr

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Non-food bank credit growth falls to 7.85%

ICAI - News 14 Nov ,2017

Growth in non-food bank credit slipped to 7.85% year-on-year (y-o-y) during the fortnight ended October 28, from 8.42% in the previous fortnight. The

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Pune realty project: Ascendas may buy Blackstone stake

ICAI - News 14 Nov ,2017

After buying one phase of Pune-based commercial real estate project Blue Ridge last year, Ascendas India Trust may be looking to buy out US-based priv

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Idea Cellular Q2 loss at Rs 1,107 cr; flags challenges

ICAI - News 14 Nov ,2017

Idea Cellular Monday posted a loss of Rs 1,106.80 crore for the second quarter of the current fiscal, saying that the business was hit by pricing pres

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Retail inflation at 7-month high in October on higher food, fuel prices

ICAI - News 14 Nov ,2017

The Consumer Price Index (CPI) or retail inflation stood at 3.58 per cent in October this year in comparison with 4.2 per cent in the same period last

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Vodafone, Idea to sell telecom tower assets to ATC for $1.2 billion

ICAI - News 14 Nov ,2017

Vodafone India Ltd and Idea Cellular Ltd on Monday said that they have separately agreed to sell their standalone telecom tower businesses to ATC Tele

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Notification No.RBI/2017-18/90

ICAI - News 14 Nov ,2017

Auction of Government of India Dated Securities

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Notification No.RBI/2017-18/89

ICAI - News 14 Nov ,2017

Statement on Developmental and Regulatory Policies - October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons

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Notification No.RBI/2017-18/88

ICAI - News 14 Nov ,2017

Risk Management and Inter-Bank Dealings ? Simplified Hedging Facility

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Notification No.RBI/2017-18/87

ICAI - News 14 Nov ,2017

Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs

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Notification No.RBI/2017-18/86

ICAI - News 14 Nov ,2017

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

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Notification No.RBI/2017-18/85

ICAI - News 14 Nov ,2017

Exclusion of ?Commonwealth Bank of Australia? from the Second Schedule of the Reserve Bank of India Act, 1934

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Notification No.RBI/2017-18/84

ICAI - News 14 Nov ,2017

Cessation of ?Commonwealth Bank of Australia? as a banking company within the meaning of sub?section (2) of Section 36 (A) of Banking Regulation Act,

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Notification No.RBI/2017-18/83

ICAI - News 14 Nov ,2017

Auction of Government of India Dated Securities

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Notification No.RBI/2017-18/82

ICAI - News 14 Nov ,2017

Introduction of Legal Entity Identifier for large corporate borrowers

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Notification No.RBI/2017-18/81

ICAI - News 14 Nov ,2017

Auction of Government of India Dated Securities

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F. No. F. 1/5/2011-SEZ / SO 3535(E)

Income Tax : Communications 30 Oct ,2017

Publish Date : Monday, October 30, 2017

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Section 10 of the Income-tax Act, 1961

Income Tax : Communications 09 Nov ,2017

Publish Date : Thursday, November 9, 2017

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Section 10 of the Income-tax Act, 1961 - Telangana Building and Other Construction Workers Welfare Board, a board established by the Governmentof Telangana

Income Tax : Communications 09 Nov ,2017

Publish Date : Thursday, November 9, 2017

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Crisis-stricken General Electric to unveil painful roadmap to salvation

ICAI - News 13 Nov ,2017

Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its e

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Coal India Q2 profit slumps 40% even as revenue rises 4%

ICAI - News 13 Nov ,2017

Coal India Ltd (CIL) posted a 40 per cent drop in net profit to Rs.369 crore for the quarter ended September 30, against Rs.612 crore in the same peri

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Debit, credit cards, ATMs will be redundant in four years: Niti Aayog CEO Amitabh Kant

ICAI - News 13 Nov ,2017

Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be redundant in next three-four years and people will use the

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RBI questions dealings under liberalised remittance scheme on laundering suspicion

ICAI - News 13 Nov ,2017

Amidst the dust and heat around tax havens and black money, the Reserve Bank of India is scrutinising dealings under the liberalised remittance scheme

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IT spend by banks, security firms to cross $9 billion, says Gartner Principal Research Analyst Moutusi Sau

ICAI - News 13 Nov ,2017

IT spending in Indian banking and securities firms is expected to grow by 11.7 per cent to reach USD 9.1 billion this year, driven by investments in d

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FMCG companies set to reduce prices, retailers worried about loss

ICAI - News 13 Nov ,2017

After the 23rd GST Council meet last Friday revised tax rate on as many as 178 items from 28 per cent to 5-15 per cent, major FMCG (fast moving consum

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Trans-Pacific trade deal advances without United States

ICAI - News 13 Nov ,2017

Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said o

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China's JD.com, Alibaba rival, reports $19.1 billion in shopping event sales

ICAI - News 13 Nov ,2017

JD.com, China?s e-commerce behemoth, said on Sunday that sales for Singles? Day - and its run-up - reached 127.1 billion yuan ($19.14 billion), up 50

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Category 3 AIFs see record capital inflows at Rs8,521 crore

ICAI - News 13 Nov ,2017

In the first nine months of 2017, Category 3 Alternative Investment Funds (AIFs) have raised Rs8,521 crore (approximately $1.3 billion), which is more

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Govt may amend law to let Sebi act against unlisted units

ICAI - News 13 Nov ,2017

The government may soon vest the Securities and Exchange Board of India (Sebi) with powers to act against insider trading and forward dealing activiti

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Uber seals multibillion-dollar investment from Softbank

ICAI - News 13 Nov ,2017

Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant. Uber Technologies Inc. confirmed

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Next step in GST recast: Lower end of tax slabs

ICAI - News 13 Nov ,2017

The next rejig of goods and services tax will likely focus on the lower end of the rate slabs, as the country seeks to further streamline the structur

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Euro Economy Is Heading Towards a Golden Period

ICAI - News 13 Nov ,2017

Europe is no longer the sick man of the world economy.The 19-nation bloc is already enjoying the strongest growth in a decade and now economists at Cr

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Vodafone India, Idea to sell tower businesses to ATC for $1.2 billion

ICAI - News 13 Nov ,2017

Vodafone India and Idea Cellular said that they have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom In

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Idea Cellular posts smaller-than-expected second loss

ICAI - News 13 Nov ,2017

Telecom carrier Idea Cellular Ltd (IDEA.NS) posted its fourth straight quarterly loss on Monday, as it struggled with the aggressive pricing structure

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Detentions reawaken global oil markets to political risk

ICAI - News 13 Nov ,2017

For the first time in three years, the chief concern in the oil market isn?t too much supply. Just as production cuts by OPEC and its allies finally d

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Supports to limit the downside in gold

ICAI - News 13 Nov ,2017

It was a volatile week for gold. The yellow metal began the week on a positive note. Reports stating that the US tax reforms could be delayed by a yea

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Finished steel exports surge 45% in Oct; imports rise 11.5%

ICAI - News 13 Nov ,2017

Export of total finished steel saw an annual jump of 45 per cent to 0.778 million tonnes during October 2017, according to official data. The overall

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Rising oil prices douse foreigners? rekindled fire for Indian equities

ICAI - News 13 Nov ,2017

Just when it seemed that foreigners were beginning to warm up to Indian stocks after dumping them for over two months, the latest surge in oil prices

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Government to start Rs34,000 crore BharatNet phase 2 from Monday

ICAI - News 13 Nov ,2017

The government will start its second and final phase of BharatNet project on Monday? with an outlay of around Rs34,000 crore?to provide high-speed bro

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Vedanta eyeing more stressed steel assets

ICAI - News 13 Nov ,2017

Vedanta is looking to up its ante in the battle for stressed steel assets, albeit a little late. The natural resources conglomerate had submitted an e

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Russian firms expand footprint in India

ICAI - News 13 Nov ,2017

If you are not clued in, it?s unlikely you have heard of the VTB Group. It owns the second-largest bank in Russia, is known for its closeness to Presi

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Stamp duty, property tax may stay out of GST

ICAI - News 13 Nov ,2017

Real estate may not fully come under the goods and services tax (GST) because the stamp duty and property tax can stay out of its ambit, suggests a pr

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Indian logistics sector to grow by 9?10% per annum: ICRA

ICAI - News 13 Nov ,2017

Terming the outlook for logistics companies as positive in the medium term, rating agency ICRA today said India?s logistics sector is likely to grow b

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Airbus, Boeing close in on Dubai deals worth $30bn

ICAI - News 13 Nov ,2017

A battle for orders erupted on day one of the Dubai Airshow yesterday, as Europe?s Airbus and its United States arch-rival Boeing prepared to fire ope

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Hong Kong, Southeast Asian nations sign free-trade, investment agreements

ICAI - News 13 Nov ,2017

Hong Kong signed a free-trade agreement and an investment deal Sunday with the Association of Southeast Asian Nations in pacts that it said are a vote

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Future GDP growth to come from manufacturing: Suresh Prabhu

ICAI - News 13 Nov ,2017

Commerce and industry minister Suresh Prabhu on Sunday said the services industry had grown at the expense of manufacturing and agriculture and his go

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Adani Power, GMR Energy, Lanco Infra hit by faulty fuel index; power firms losses soar to Rs 8400 cr

ICAI - News 13 Nov ,2017

A faulty fuel escalation index, which excludes assorted taxes and levies on coal and its transportation via the railways, has caused under-recoveries

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India, Canada seek to put free trade pact in fast lane

ICAI - News 13 Nov ,2017

India and Canada will make efforts for expeditious conclusion of a Comprehensive Economic Partnership Agreement on goods and services at the annual mi

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Air India gets Rs 1,500-cr loan from Bank of India

ICAI - News 13 Nov ,2017

Debt-laden Air India has received a loan worth of Rs 1,500 crore from Bank of India to meet urgent working capital needs less than a month after float

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Gold futures slide on weak global cues; Silver rises

ICAI - News 11 Nov ,2017

Gold prices fell 0.25 per cent to Rs 29,587 per 10 grams in futures trade today as participants cut down their bets amid a weak global trend. At the M

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Motorola makes a strong comeback in US

ICAI - News 11 Nov ,2017

Motorola made a significant comeback in the US in the third quarter this year, almost doubling its volumes and market share annually and was the faste

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Provide doorstep banking to those aged above 70 years by December 31: RBI

ICAI - News 11 Nov ,2017

Senior citizens of more than 70 years of age and the differently-abled can look forward to availing of basic banking services, right from the comfort

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EPFO may cut interest rate to 8.5% for FY18, but equity play may boost your returns

ICAI - News 11 Nov ,2017

Provident fund subscribers are likely to get a lower rate of interest on their retirement corpus this fiscal year, but a senior official said the tota

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India's aviation market to be third largest in the world by 2027

ICAI - News 11 Nov ,2017

With its consistent double-digit growth in domestic passenger traffic, India set to be the third largest aviation market in the world by 2027. In the

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A political shock throws Lebanon's economy back into crisis

ICAI - News 11 Nov ,2017

Just when things were starting to look up for Lebanon's economy, a new political crisis threatens to send it crashing down again. Prime Minister Saad

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World economic outlook for 2017 and beyond

ICAI - News 11 Nov ,2017

The year 2017 can be chalked down as a prosperous one for the world economy. Wherever we live, as we celebrate the end of a good year, we also welcome

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Fed policymaker sees further rate rises

ICAI - News 11 Nov ,2017

John Williams, who sits on the Fed's Open Markets Committee, said a rate rise in December "makes sense, at least based on the information I have today

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Investors have nothing to worry as gloomy days are over for Indian economy

ICAI - News 11 Nov ,2017

India?s GDP growth had slowed to 5.7 percent in Q1, as demonetisation and the new goods and services tax (GST) seems to have impacted economic activit

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Bilateral trade between India and Ghana may touch $5 billion

ICAI - News 11 Nov ,2017

The new envoy of Ghana has said bilateral trade between India and his country is expected to touch $5 billion in the next three years. ?Bilateral trad

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Singapore keen on starting new ventures in Tamil Nadu: Consul General Roy Kho

ICAI - News 11 Nov ,2017

Singapore is keen on starting new ventures in Tamil Nadu and strengthening its ties with India, a diplomat of the country has said. "Singapore account

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GSTR-4 deadline for July-Sept quarter extended to Dec 24

ICAI - News 11 Nov ,2017

Filing of GSTR-4 for July-September quarter extended to Dec 24, 2017; transition credit form can be filed by Dec 31, 2017, said finance secretary Hasm

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Composition scheme for small taxpayers extended to Rs. 1.5 crore

ICAI - News 11 Nov ,2017

The GST Council in its 23rd meeting in Guwahati has decided to increase the threshold for composition scheme once again to Rs 1.5 crore and also decid

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GST rate on restaurants slashed to 5%: Now your bills for eating out will come down

ICAI - News 11 Nov ,2017

Dining out will turn cheaper, with the GST Council on Saturday slashing the tax on restaurant bills. A uniform 5 per cent tax will be levied for all r

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Axis Bank to raise Rs 11,626 crore from Bain Capital, LIC

ICAI - News 11 Nov ,2017

Beleaguered Axis BankBSE 0.72 % secured a lifeline after a Bain Capital-led consortium agreed to invest $1.8 billion in the country's largest private

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Emirates NBD invests $100 m in India operations

ICAI - News 11 Nov ,2017

Emirates NBD, a leading banking group in West Asia, has invested $100 million in its India operations, a top official said.The bank has opened its fir

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Essar Steel insolvency case: Lenders, creditors claims soar to Rs 77,700 cr from Rs 50,000 cr

ICAI - News 11 Nov ,2017

Financial claims received by the resolution professional (RP) for Essar Steel from lenders, operational creditors and employees have crossed Rs 77,770

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China?s Toutiao is buying Musical.ly in a deal worth $800M-$1B

ICAI - News 11 Nov ,2017

Musical.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement

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Countdown to Brexit: UK to leave European Union on March 29, 2019 at 11 pm

ICAI - News 11 Nov ,2017

The United Kingdom will exit the European Union (EU) at 11 p.m. on March 29, 2019, British Prime Minister Theresa May announced on Friday. May outline

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Petronet looks to buy stake in Qatari LNG projects

ICAI - News 11 Nov ,2017

Petronet LNG Ltd is eyeing a stake in the planned LNG expansion projects in Qatar as it looks to venture overseas to diversify its portfolio, its MD a

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Forex reserves drop to $398.739 billion as on Nov 3

ICAI - News 11 Nov ,2017

India?s forex exchange reserves dropped by $22.2 million as on November 3 to $398.739 billion, data from the RBI shows. Foreign currency assets, which

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Bank of Maharashtra cuts loss by 93% but NPAs go up to 18.54%

ICAI - News 11 Nov ,2017

Bank of Maharashtra reported a 93% reduction in net loss to Rs 23.24 crore during Q2FY18. BoM?s operating profit went up by 62% during the quarter to

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State Bank of India standalone net at Rs 1,582 cr, down 38%

ICAI - News 11 Nov ,2017

State Bank of India (SBI) on Friday reported a standalone net profit of Rs 1,582 crore for the September quarter of FY18, down 38% year-on-year (y-o-y

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Vedanta plans to invest $850-mn to raise Rajasthan oilfields output

ICAI - News 11 Nov ,2017

Vedanta Ltd on Friday announced a $850 million investment for raising oil and gas production from its Rajasthan oilfields by about 100,000 barrels a d

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M&M Q2 net profit jumps 25% to Rs 1,332 cr

ICAI - News 11 Nov ,2017

Home-grown utility vehicles major Mahindra and Mahindra today reported a 24.79 per cent increase in standalone net profit at Rs 1,331.57 crore for the

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RIL to foray into co-branded apparel business with ?RElan?

ICAI - News 11 Nov ,2017

Reliance Industries Ltd (RIL), which has recently introduced RElan?a portfolio of specialty fabrics, is in talks with several apparel brands for co-br

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Disinvestment drive: Bharat 22 ETF NFO to raise Rs 8000 cr

ICAI - News 11 Nov ,2017

The government will launch the first tranche of a very broad-based exchange-traded fund (ETF) comprising its stakes in several blue-chip PSUs and priv

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Poor manufacturing show pulls down IIP growth to 3.8% in Sept

ICAI - News 11 Nov ,2017

Industrial production grew at a slower pace of 3.8 per cent in September, mainly due to the subdued performance of the manufacturing sector coupled wi

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Axis Bank to raise Rs 11,626 crore from LIC, Bain Capital

ICAI - News 11 Nov ,2017

Private sector lender Axis Bank on Friday said it will raise equity and equity-linked capital of Rs 11,626 crore by selling shares and warrants to a g

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From 230 items in 28 pct slab, just 50 remain; sin goods, cement still in top slab

ICAI - News 11 Nov ,2017

Having undergone constant administrative/structural changes and rate revisions since its July launch, it was an overhaul that awaited the goods and se

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China widens foreign access to its giant financial sector

ICAI - News 11 Nov ,2017

China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services mark

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Oil prices to remain at $57-65 a barrel for some time: HPCL CMD M K Surana

ICAI - News 11 Nov ,2017

State-run Hindustan Petroleum Corporation (HPCL) is approaching a new era in its history with the Oil and Natural Gas Corporation (ONGC) set to grab a

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Flipkart switches to consumer brand mode

ICAI - News 11 Nov ,2017

Stepping up competition in the e-commerce space, Flipkart is swiftly moving into its own consumer durable products and electronic devices as part of i

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Magma Fincorp approves scheme of merger with Magma ITL Finance

ICAI - News 10 Nov ,2017

Non-banking financial company (NBFC) Magma Fincorp today approved merger of its wholly-owned subsidiary Magma ITL Finance with itself. The board also

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Indian leather exports may remain flat this fiscal

ICAI - News 10 Nov ,2017

Reduction in duty drawback incentive and delay in GST refund may take the sheen of Indian leather exports that have been witnessing a downward trend i

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Car sales down 5.32%; passenger vehicle sales dip marginally in October

ICAI - News 10 Nov ,2017

Festive season failed to bring cheers to automobile manufacturers as domestic passenger vehicle sales dropped marginally in October, the first decline

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Agri sector's contribution to GDP up by 2%: Arjun Ram Meghwal

ICAI - News 10 Nov ,2017

Union Minister of State for Water Resources Arjun Ram Meghwal today said the agriculture sector's contribution to the country's GDP has increased unde

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The risk of rising crude oil prices

ICAI - News 10 Nov ,2017

As a large importer of crude oil, India benefited significantly from lower prices. It helped contain inflation and had a favourable impact on both the

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Simplified hedging facility from January 1: RBI

ICAI - News 10 Nov ,2017

The RBI today came out with simplified norms for hedging exchange rate risk under which companies can take exposure of up to USD 30 million on gross b

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Provide doorstep banking to those above 70 by December 31: RBI

ICAI - News 10 Nov ,2017

Senior citizens of more than 70 years of age and the differently-abled can look forward to availing of basic banking services, right from the comfort

Read More

Japan manufacturers' mood slips but hovers near decade high

ICAI - News 10 Nov ,2017

Confidence among Japanese manufacturers slipped in November from a decade high seen the previous month, a Reuters poll showed, but it remained strong

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Indian labour market seeing a shift towrds gig economy

ICAI - News 10 Nov ,2017

Indian labour market is seeing a shift towards gig economy, with an increasing number of workers seeking contractual or freelancing opportunities, and

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Rising food prices to push India October inflation to 7-month high

ICAI - News 10 Nov ,2017

India's retail inflation is forecast to have sped up to a seven-month high in October, led by a rebound in food prices as unexpected rains destroyed c

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Modi said to approve $14 billion injection to rural road plan

ICAI - News 10 Nov ,2017

Prime Minister Narendra Modi is planning to spend an additional $14 billion to provide road connectivity in India?s remote villages by March 2020, off

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GST Council meeting Live updates: Only 50 items to remain in 28 percent slab

ICAI - News 10 Nov ,2017

GST Council meeting Live updates: In a massive relief for common people, only 50 items will remain in the slab of 28 per cent. The decision was taken

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Businesses can revise GST transition claim form now

ICAI - News 10 Nov ,2017

GST Network today said businesses can now make changes to the forms uploaded on the portal to claim transition credit. ?The facility to revise Form GS

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GST Council cuts rates on 177 items; chocolates, shampoo to attract 18% tax

ICAI - News 10 Nov ,2017

The GST Council today decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28 per cent tax bracket. "Lower 18 per cent GST will

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Notification No.107/2017 Customs (N.T.)

ICAI - News 10 Nov ,2017

Exchange Rates Notification No.107/2017-Custom(NT) dated 09.11.2017

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Notification No.106/2017 Customs (N.T.)

ICAI - News 10 Nov ,2017

Exchange Rates Notification No.106/2017-Custom(NT) dated 8.11.2017

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Notification No.105/2017 Customs (N.T.)

ICAI - News 10 Nov ,2017

Exchange Rates Notification No.105/2017-Custom(NT) dated 7.11.2017

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Notification No.104/2017 Customs (N.T.)

ICAI - News 10 Nov ,2017

Exchange Rates Notification No.104/2017-Custom(NT) dated 6.11.2017

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Notification No. 84 /2017 Customs

ICAI - News 10 Nov ,2017

seek to (i) increase rate of basic customs duty on Peas, (Pisum sativum) from present Nil rate to 50%. (ii) increase rate of basic customs duty on whe

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Notification No. 93/2017

ICAI - News 10 Nov ,2017

[ Notification No. 93/2017/F. No. 501/1/83-FTD.II]

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Circular No.28 of 2017

ICAI - News 10 Nov ,2017

Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961

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Brussels Airlines plans to expand services to India

ICAI - News 10 Nov ,2017

Brussels Airlines? newly opened route connecting Mumbai with the European city is ?approaching profitability?, Bernard Gustin, CEO, Brussels Airlines,

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Tata Motors Q2 profit jumps three-fold to Rs 2,483 cr

ICAI - News 10 Nov ,2017

Tata Motors Ltd reported a nearly three-fold rise in quarterly profit on Thursday, blowing past estimates, helped by higher sales from its Jaguar Land

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German exports dip, but robust orders brighten outlook

ICAI - News 10 Nov ,2017

Germany?s imports and exports both fell in September as its trade surplus widened, highlighting the importance of domestic consumption as a driver of

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Why it pays to pay your income tax

ICAI - News 10 Nov ,2017

The income tax (I-T) department has proposed monetary rewards for honest taxpayers depending on the tax paid. According to the proposal, the reward wi

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Vedanta may top race for stressed assets

ICAI - News 10 Nov ,2017

Metal and mining firm Vedanta seems to be in the pole position to grab stressed assets that are up for auction under the Insolvency and Bankruptcy Cod

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Just Dial surges 20% on talks of takeover by Google

ICAI - News 10 Nov ,2017

Just Dial surged 20% to Rs 551 on the National Stock Exchange (NSE) in early morning trade after the media report suggested that the US internet giant

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Truecaller in talks with Airtel for Africa venture

ICAI - News 10 Nov ,2017

Swedish phone-app developer True Software Scandinavia AB is in talks with wireless operators including Bharti Airtel to expand its fast-growing Truec

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Adidas profits surge on strong own-brand sales

ICAI - News 10 Nov ,2017

German sportswear giant Adidas on Thursday reported a spike in third-quarter profits powered by strong demand for its own-brand products, as it drafte

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Euro zone to grow fastest in decade in 2017, to slow slightly in 2018, 2019

ICAI - News 10 Nov ,2017

The eurozone economy will grow at its fastest pace in a decade this year, the European Commission forecast on Thursday sharply increasing its projecti

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China, US ink deals worth more than $340b

ICAI - News 10 Nov ,2017

Chinese and American firms inked a slew of energy, industrial and financial pacts worth more than US$250 billion (S$340 billion) yesterday in what cou

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Urjit Patel?s forex policy makes for a more nimble rupee, says JPMorgan

ICAI - News 10 Nov ,2017

The Reserve Bank of India?s currency intervention policy during governor Urjit Patel?s term is allowing for greater two-way rupee movement than under

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Fund-raising cost from corporate bond market up

ICAI - News 10 Nov ,2017

The cost of raising funds from the Indian corporate bond market has gone up in October with the spread of corporate bonds widening over government bon

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How to develop digital economy: Huawei moots 4-pronged strategy

ICAI - News 10 Nov ,2017

Taking a cue from American psychologist Abraham Maslow?s theory of ?Hierarchy of Needs? that speaks about a five-tier model of human needs, Chinese IC

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Deal activity slows down Y-o-Y in Oct, says Grant Thornton

ICAI - News 10 Nov ,2017

Deal activity via M&As and PE dropped in October compared to the same period last year, even as the month failed to witness any big-ticket transaction

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HPCL net profit more than doubles to Rs 1,735 crore

ICAI - News 10 Nov ,2017

State-run Hindustan Petroleum Corporation (HPCL) has posted a 147.5 per cent increase in its net profit for the second quarter of the financial year t

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GST Council meet: Tax on 140 items to fall from 28 pct; quarterly returns for all

ICAI - News 10 Nov ,2017

The Goods and Services Tax (GST) Council could bring down the tax rate on as many as 140 items from the highest slab of 28% as it meets in Guwahati on

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India?s Q3 gold demand drops 24% to 145.9 tonnes: WGC

ICAI - News 10 Nov ,2017

India?s gold demand in the third quarter this year fell 24 % to 145.9 tonnes as the implementation of GST and anti-money laundering legislation (AML)

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IMF URGES SA TO LAUNCH REFORM PLAN TO BOOST ECONOMY

ICAI - News 09 Nov ,2017

South Africa should implement reform to restore confidence in the economy soon, the International Monetary Fund (IMF) said on Wednesday, citing rising

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The Real Risk to the Global Economy

ICAI - News 09 Nov ,2017

One of the great mysteries of today?s global markets is their irrepressible enthusiasm, even as the world around them appears on the verge of chaos or

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Dollar weakens on U.S. tax reform worries

ICAI - News 09 Nov ,2017

he dollar slipped to a more than one-week low against the yen on Wednesday, pressured by worries over possible delays to President Donald Trump?s tax

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India moves into future at an unprecedented rate, says report

ICAI - News 09 Nov ,2017

India has opted for a digital pathway to move at an unprecedented rate into the future, but the country still has a long way to go to reach its full p

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China?s strong factory gate inflation shows economic momentum still robust

ICAI - News 09 Nov ,2017

China?s producer prices were surprisingly strong in October, while consumer inflation picked up pace in a sign the economy remains robust, with analys

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GST Council might take these measures to simplify the tax

ICAI - News 09 Nov ,2017

GST Council, the apex decision-making body for the Goods and Services Tax, will meet in Guwahati later this week to deliberate on more measures to mak

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Over 200 items may get cheaper as GST Council likely to announce major tax cut

ICAI - News 09 Nov ,2017

Weeks after Revenue Secretary Hasmukh Adhia called for a complete overhaul of the tax rates, it has been reported that the GST Council is likely to cu

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City Union Bank's net profit grows 17% to Rs 145 cr

ICAI - News 09 Nov ,2017

City Union Bank has posted a growth of 17 per cent in net profit at Rs 144.75 crore during the quarter ending on September 30, 2017. Last year, the ba

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Target 20% YoY growth; open for inorganic opportunities: Manappuram Finance

ICAI - News 09 Nov ,2017

Manapurram Finance reported Q2 earnings that were below estimates. Assets under management (AUM) growth has declined for the first time in 12 quarters

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One year after demonetisation: These 11 charts show how it affected Indian economy

ICAI - News 09 Nov ,2017

On the one year anniversary of prime minister Narendra Modi?s demonetisation announcement, experts and politicians on all sides have been debating whe

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Flipkart eyes Pepperfry for strategic investment

ICAI - News 09 Nov ,2017

Flipkart has initiated talks with India?s top online furniture marketplace Pepperfry for a strategic investment, said four people familiar with the ma

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Arvind to spin off apparel, engineering businesses

ICAI - News 09 Nov ,2017

Arvind Ltd has demerged its branded apparel and engineering businesses into separate companies and plans to list them on stock exchanges through a Nat

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GST Council to look at 5% rate on job work for all sectors

ICAI - News 09 Nov ,2017

Exporters are hopeful that the Goods and Services Tax (GST) Council will decide in favour of bringing about a uniform rate of GST on job work for all

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Qatar Foundation exits Airtel, sells stake for Rs 9,600 crore

ICAI - News 09 Nov ,2017

The Qatar Foundation, a non-profit run by Qatar?s royal family, said on Wednesday that it had sold its five per cent stake in telecom major Bharti Air

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Centre looking at bringing realty, power under GST

ICAI - News 09 Nov ,2017

In a significant widening of the tax base of the Goods and Services Tax, the Centre and States will discuss including electricity and real estate with

Read More

Economy may pick up in Q2FY18, putting GST, demonetisation impact behind

ICAI - News 09 Nov ,2017

Going by corporate results so far, the economy might have bounced back in the September quarter of this financial year (FY18), after the pressure from

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RBI's liquidity clean-up to push up bond yields

ICAI - News 09 Nov ,2017

One year after demonetisation was announced, banking system liquidity is still in the surplus territory even as the central bank and the government us

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IRDAI makes it mandatory for individuals to link existing policies with Aadhaar

ICAI - News 09 Nov ,2017

After Reserve Bank of India, Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for individuals to link existing po

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Only 62 items likely to stay in 28% GST slab

ICAI - News 09 Nov ,2017

Those planning to buy new furniture or refit electric switches might have to pay less after Friday, as the GST (goods and services tax) Council is lik

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India set to buy 49% in Russia oilfield by Feb

ICAI - News 09 Nov ,2017

A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 per cent stake in Russia?s Vankor cluster oilfields owned by Rosne

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Uber Partners With NASA For "Flying Cars"

ICAI - News 09 Nov ,2017

Car-hailing company Uber is heading to the skies. The company announced a partnership with NASA today to devise a plan to work together on making low-

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China's Tencent Buys Stake in Struggling Parent of Snapchat App

ICAI - News 09 Nov ,2017

Tencent Holdings Ltd. has acquired about a 12 percent stake in Snap Inc., taking advantage of a decline in the social media company?s share price sinc

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JD.com commits to buying more than $2bn of US goods over next three years

ICAI - News 09 Nov ,2017

China?s JD.com has signed agreements to buy in excess of $1.2bn of beef from The Montana Stock Growers Association (MSGA) and pork from Smithfield Foo

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India?s Q4 gold imports may fall 25% on weak festival demand

ICAI - News 09 Nov ,2017

India?s gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek

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Short-tenor Indian bonds find favour as rate cut hopes dashed

ICAI - News 09 Nov ,2017

Longer-maturity bonds are losing their allure with money managers in India as an increasingly hawkish central bank prompts investors to roll back expe

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Indian banks? deposit growth slows to pre-note ban levels

ICAI - News 09 Nov ,2017

Indian banks? deposit growth, which had surged after demonetisation last November, has slowed to pre-demonetisation levels, while credit growth has ga

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United Breweries profit soars 247 pct to Rs 93.84 cr on spirited volume growth

ICAI - News 09 Nov ,2017

Fuelled by a spirited volume growth in its major markets, beer maker United Breweries (UBL) on Wednesday reported a 247% year-on-year rise in its net

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Homestay Airbnb India revenues jump 238 pct, but profits drop by 35 pct

ICAI - News 09 Nov ,2017

Airbnb, the online global homestay and alternative accommodation aggregator, reported a 238% rise in revenues from its India operations while the net

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Adani Power inks power purchase agreement with Bangladesh Power Development Board

ICAI - News 09 Nov ,2017

Adani Power said on Wednesday its arm Adani Power (Jharkhand) has inked long-term pact with Bangladesh Power Development Board to supply electricity f

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To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

ICAI - News 09 Nov ,2017

The Central Board of Direct Taxes (CBDT) on Wednesday said the income accruing to non-residents due to indirect transfer or redemption of shares in a

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Power bourses not same as stock markets; caps can?t be raised to 15 pct: FinMin

ICAI - News 09 Nov ,2017

The finance ministry has opposed raising the individual cap on foreign investment in power exchanges to 15% from the current 5% by treating them on a

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JNPT,Kandla SEZ will help create employment opportunities: Nitin Gadkari

ICAI - News 08 Nov ,2017

Union minister Nitin Gadkari today announced setting up of a Special Economic Zone (SEZ) at JNPT in Mumbai and Kandla in Gujarat, which will help in g

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India slips to 7th position in business optimism ranking: Grant Thornton survey

ICAI - News 08 Nov ,2017

India has slipped to the 7th position this quarter in business optimism ranking in Grant Thornton?s International Business Report (IBR) survey. Last

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Nigeria targets recovery in record budget for 2018

ICAI - News 08 Nov ,2017

Nigeria has set out its budget for 2018, aimed at helping the economy recover from its first recession in 25 years. President Muhammadu Buhari announc

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Swiss engineering group ABB to expand traction transformer business in India

ICAI - News 08 Nov ,2017

Swiss engineering group ABB said today that it will expand its traction transformer business in India to drive competitiveness. India?s expansion is a

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Poor thermal power generation activity in India forces PowerGrid to eye Brazil projects

ICAI - News 08 Nov ,2017

PowerGrid Corporation of India is planning to bid for transmission packages in Brazil on engineering, procurement and construction (EPC) basis by Dece

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PayPal Launches Operations in India

ICAI - News 08 Nov ,2017

Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a d

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International banking must for better growth prospects:World Bank

ICAI - News 08 Nov ,2017

The restrictions imposed on foreign banks operating in developing countries since the 2007-09 global financial crisis are hampering better growth pros

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Suez Canal zone, DP World sign agreement for development of economic zone in Egypt's Sokhna

ICAI - News 08 Nov ,2017

Egypt's Suez Canal Economic Zone Authority and Dubai Ports World signed a partnership agreement to develop an integrated industrial and residential zo

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How safeguarding intellectual property benefits Singapore?s economy

ICAI - News 08 Nov ,2017

As global competition intensifies, it is more important than ever for firms to stand out. Intellectual property (IP)?from brands and trademarks to pat

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World stocks index dips after breaking record, oil near 2-1/2-year high

ICAI - News 08 Nov ,2017

A global rally in stocks paused on Tuesday, halting a nine-day advance that had sent the most widely tracked index of world stock markets to record hi

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One year of demonetisation: MFI industry recovering slowly

ICAI - News 08 Nov ,2017

With the completion of one year of demonetisation, leading players of the micro-finance industry (MFI) were of the view that things were recovering sl

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Note ban a year on - Cash still king as digital payments inch up slowly

ICAI - News 08 Nov ,2017

If demonetisation was a push for a cashless economy, it has been working very slowly . Reserve Bank of India data shows the usage of wallets, non-UPI

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Q4 gold imports may fall 25 per cent on weak festival demand

ICAI - News 08 Nov ,2017

India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek

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India more attractive to do business than World Bank ranking suggests, says Arvind Panagariya

ICAI - News 08 Nov ,2017

Observing that the recent increase in India?s ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today

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IOB net loss widens to Rs.1,222 cr in Q2

ICAI - News 08 Nov ,2017

Public sector Indian Overseas BankBSE -1.78 % (IOB) today reported widening of its net loss by nearly 60 per cent at Rs 1,222.50 crore for second quar

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FPIs continue to remain bullish on govt bonds

ICAI - News 08 Nov ,2017

Foreign portfolio investors (FPIs) put in bids worth Rs 7,093 crore for government bonds, against an available limit of Rs 3,476 crore at Monday?s auc

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Punjab & Sind Bank cuts MCLR by up to 0.10% for select tenors

ICAI - News 08 Nov ,2017

Punjab & Sind Bank (PSB) has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.10 per cent for a select maturities from today."A

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Altico Capital plans to raise Rs. 7,000 cr

ICAI - News 08 Nov ,2017

Altico Capital, a non-banking finance company promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, has got the board appro

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China's Oct FX reserves rise slightly in ninth month of gains

ICAI - News 08 Nov ,2017

China?s foreign exchange reserves rose in October for a ninth straight month, but at a slower pace than market expectations, as tighter regulations an

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AkzoNobel India to sell specialty chemicals biz for Rs 320 crore

ICAI - News 08 Nov ,2017

Paints and coatings firm AkzoNobel India today said it will sell its specialty chemicals business as a going concern to an affiliate of the AkzoNobel

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Suzuki Motorcycle mulls second plant in India

ICAI - News 08 Nov ,2017

Suzuki Motorcycle India Pvt Ltd (SMIPL), the wholly-owned two-wheeler arm of Suzuki Motor Corp, is considering setting up a new plant in the country t

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India Inc foreign borrowings down 40 per cent

ICAI - News 08 Nov ,2017

Indian companies raised 40 per cent less in foreign currency loans this year till date at $13.5 billion against $23.6 billion in the same period of 20

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Qatar Foundation to sell 5% in Airtel

ICAI - News 08 Nov ,2017

The Qatar Foundation Endowment is likely to sell up to 199.9 million shares, comprising a 5 per cent stake, in Bharti Airtel on Wednesday at about Rs

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Bond yields rise on crude shock

ICAI - News 08 Nov ,2017

The yields on the 10-year bond rose to a six-month high of 6.93 per cent on Tuesday as crude oil prices spiked to $64 a barrel a day earlier on politi

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Infosys to open innovation hubs in US, says Nandan Nilekani

ICAI - News 08 Nov ,2017

Software major Infosys is opening an innovation hub in Indiana and would hire 2,000 people for it, with plans to set up many more such hubs in the U.S

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Rising crude oil prices fuel market fall

ICAI - News 08 Nov ,2017

Surging global crude oil prices triggered a huge sell-off in domestic equities and bonds on Tuesday. Brent crude oil spot prices surged 3.5 per cent t

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GST Council to trim list of items in 28% tax slab

ICAI - News 08 Nov ,2017

The GST Council is set to trim the list of items in the highest tax slab of 28% by shifting some items of common use as well as products made predomin

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States get Rs 5,000 crore National Rural Employment Guarantee Scheme funds

ICAI - News 08 Nov ,2017

The government has started the second phase of release of funds to states for the National Rural Employment Guarantee Scheme, transferring close to Rs

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Telcos likely to see single-digit revenue growth in 2018: Fitch

ICAI - News 08 Nov ,2017

India?s financially stressed telecom industry is likely to see ?mid-single-digit percentage revenue growth? in 2018, helped by increased data consumpt

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IT sector fundamentally strong and growing: Kris Gopalakrishnan

ICAI - News 08 Nov ,2017

Dispelling fears that IT industry is laying off large number of employees, former Infosys co-founder Kris Gopalakrishnan has said there is no massive

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Maharashtra SEZ units to get more tax sops

ICAI - News 08 Nov ,2017

The Maharashtra government has decided to offer more tax sops to SEZs and co-developers of industrial areas in the State. The exemption on stamp duty

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Tata Chemicals to sell Haldia fertiliser biz for Rs 375 cr

ICAI - News 08 Nov ,2017

Tata Chemicals said its board has approved the sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs 375

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Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961

Income Tax : Communications 07 Nov ,2017

Publish Date : Tuesday, November 7, 2017

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PH economy can ?overheat? on strong credit growth ? IMF

ICAI - News 07 Nov ,2017

The International Monetary Fund (IMF) has flagged potential overheating due to strong credit growth in the Philippines, even as the country?s overall

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Corporate giants investing hugely in water security, says Report

ICAI - News 07 Nov ,2017

Global corporate giants are investing hugely in water security and management with a three-fold rise in just one year, an annual water report said on

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Mobile-ready India infuses new life into Open Source, says Red Hat

ICAI - News 07 Nov ,2017

Open Source technologies like Linux have helped innumerable tech start-ups to flourish and one company that can take credit for providing entrepreneur

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Salesforce, Google announce strategic Cloud partnership

ICAI - News 07 Nov ,2017

In a strategic partnership that is set to disrupt the global Cloud market, US-based Cloud computing company Salesforce has joined Google to deliver sm

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Ola teams up with Microsoft for connected vehicle platform

ICAI - News 07 Nov ,2017

Ride hailing app Ola today announced a global partnership with tech giant Microsoft for building a new-age ?connected vehicle platform? for car manufa

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Bank of Maharashtra cuts MCLR by 0.5% for all tenors

ICAI - News 07 Nov ,2017

Public sector Bank of Maharashtra has cut its marginal cost of funds based lending rates (MCLR) by 0.05 per cent for all the tenors up to one year wit

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Mining sector can churn out 25 million jobs in country: HZL CEO Sunil Duggal

ICAI - News 07 Nov ,2017

Vedanta Group's Hindustan Zinc Ltd (HZL) today said that the mining sector, which is aiming to contribute 7-8 per cent to the GDP, has the potential t

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Crude steel output jumps 5.5% to 8.65 MT in October

ICAI - News 07 Nov ,2017

Domestic crude steel production rose by 5.5 per cent to 8.65 million tonnes (MT) in October 2017 compared to 8.19 MT in the same month last year, acco

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China and Australia ink fintech deal to share information on new trends

ICAI - News 07 Nov ,2017

China and Australia's regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in ea

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Asian shares hit 10-year highs, oil slips after rally

ICAI - News 07 Nov ,2017

Asian shares rallied to their highest in a decade and Japan?s Nikkei climbed to its best close since 1992 on Tuesday, while oil prices held most of th

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Retailers hit by worst non-food sales growth on record

ICAI - News 07 Nov ,2017

Non-food sales rose by just 0.2% in the year to October, the weakest growth since the BRC began measuring the category in January 2011. The BRC said t

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Economic reforms to help support long-term growth, says BMI Research

ICAI - News 07 Nov ,2017

India is expected to remain one of the fastest growing emerging markets with real GDP growth averaging 6.5 per cent over the next five fiscals, though

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Arun Jaitley hints at pruning more items in the 28% GST slab

ICAI - News 07 Nov ,2017

Finance Minister Arun Jaitley has hinted at pruning the list of items in the highest GST tax bracket of 28 per cent after revenue in the new regime eq

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Abu Dhabi fund to invest Rs 2,000 crore in Cube Highways & Infrastructure

ICAI - News 07 Nov ,2017

The Abu Dhabi Investment Authority (ADIA) would buy a minority stake for about $300 million (Rs 2,000 crore) in Cube Highways & Infrastructure, markin

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Buzz is back in rural markets after 9 months

ICAI - News 07 Nov ,2017

After remaining lackadaisical for nearly nine months, rural growth is gradually showing signs of improvement thanks to three key reasons. Real rural w

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Equity MFs' assets triple in April-Oct

ICAI - News 07 Nov ,2017

Mutual funds continue to attract flows from investors with assets under management (AUM) of the industry rising Rs 51,148 crore in October to touch a

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Paytm plans to invest another Rs 5,000 crore in payments business over three years

ICAI - News 07 Nov ,2017

Paytm, India's largest online payments and mobile wallet company, will invest another Rs 5,000 crore in the business over the next three years, founde

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Sebi plans further rise in public float

ICAI - News 07 Nov ,2017

The Securities and Exchange Board of India is mulling another increase in minimum public shareholding (MPS) requirements from the current 25 per cent

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PE firm Everstone Group to acquire Kenstar from debt-ridden Videocon

ICAI - News 07 Nov ,2017

Private equity firm Everstone Group on Monday said it had agreed to buy home appliances brand Kenstar from debt-ridden Videocon group. The Videocon gr

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Euro zone growth robust in October, prices pressures stirring: PMI

ICAI - News 07 Nov ,2017

The euro zone?s economy is on track for a strong finish to 2017 and firms are passing on more of their costs to consumers as pricing power increased,

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SoftBank raising stake in Sprint, reports falling profit

ICAI - News 07 Nov ,2017

Japanese internet and solar company SoftBank Group Corp. is raising its stake in Sprint Corp. after merger talks with T-Mobile collapsed, signaling it

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Broadcom offers $105 bn for Qualcomm in landmark deal

ICAI - News 07 Nov ,2017

Broadcom offered about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock t

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Growth imperatives in steel sector need to be addressed quickly

ICAI - News 07 Nov ,2017

Belying the earlier apprehension, the alloy and SS industry has started looking up. A part of it may be due to a mid-year revision of the availability

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Gold prices move down Rs 115 after safe haven appeal hit

ICAI - News 07 Nov ,2017

Gold came under pressure from a rising dollar with a fall of Rs 115 to Rs 30,135 per 10 grams today, which was compounded by tepid demand from local j

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Oil prices edge down from near 2-1/2 year high

ICAI - News 07 Nov ,2017

Oil prices edged lower on Tuesday after posting the biggest gains in six weeks a day earlier, buoyed by moves by Saudi Arabia?s crown prince to tighte

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FPIs continue to acquire investment limits in G-Secs

ICAI - News 07 Nov ,2017

Foreign portfolio investors (FPIs) continue to show interest in central government securities even as they acquired all the available limits during Mo

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India Bond Yields Rise to 6-Month High as Oil Boosts CPI Concern

ICAI - News 07 Nov ,2017

India?s benchmark sovereign bond yields climbed to a six-month high, as rising Brent crude prices added to concern that inflation will accelerate, dam

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Cube Highways stake sale: UAE body to buy $350 mn stake; company to invest $1 bn in roads and highways

ICAI - News 07 Nov ,2017

Cube Highways, formed by the two leading global financial institutions ? I Squared Capital and the International Finance Corporation ? on Monday annou

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Note ban: Over 20,000 I-T returns picked for detailed probe

ICAI - News 07 Nov ,2017

The Income Tax Department has picked 20,572 tax returns for "detailed scrutiny" suspecting discrepancies in incomes before and after demonetisation ,

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Big relief for 32,000 homebuyers, SC orders Jaypee Infra to deposit Rs 1000 cr, not just Rs 400 cr

ICAI - News 07 Nov ,2017

The Supreme Court on Monday asked Jaiprakash Associates (JAL), obligated to cover part of its arm Jaypee Infratech?s liability towards 32,000 homebuye

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PSB recapitalisation: Narendra Modi government set to dictate terms to even the strongest lenders

ICAI - News 07 Nov ,2017

The government is considering making fresh capital infusion into public-sector banks (PSBs) under the recently announced Rs 2.11-lakh crore plan condi

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Oil rises to highest since mid-2015 on Saudi purge, tighter markets

ICAI - News 06 Nov ,2017

Oil prices hit their highest since July 2015 on Monday as Saudi Arabia?s crown prince cemented his power over the weekend through an anti-corruption

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MNCs should publicly report revenue details: US think-tank on Paradise Papers

ICAI - News 06 Nov ,2017

Multinational companies should be required to publicly report their number of employees, facilities and their revenue on a country-by-country basis to

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Digital transactions shoot up post demonetisation

ICAI - News 06 Nov ,2017

Digital payment companies have seen a substantial jump in their business as a result of the government's measures towards promoting cashless transacti

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UK's Aldermore agrees $1.3 billion takeover by FirstRand

ICAI - News 06 Nov ,2017

South African lender FirstRand has agreed a 1.1 billion pound ($1.3 billion) takeover of British banking newcomer Aldermore Group to boost its busines

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IMF Visits Myanmar for Annual Economic Checkup

ICAI - News 06 Nov ,2017

An International Monetary Fund delegation visits Myanmar this week for an annual economic checkup of a country whose treatment of its Rohingya Muslim

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GST could soon be in for the most comprehensive tweak since its launch

ICAI - News 06 Nov ,2017

The goods and services tax could be in for a revamp that?s more comprehensive than the tweaks that have been made thus far to iron out kinks to make c

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CAIT suggests form can be filed on monthly basis

ICAI - News 06 Nov ,2017

Confederation of All India Traders today suggested that the Centre ask traders, whose turnover is up to Rs 100 crore annually, to file form GSTR-3B on

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After one year of demonetisation, sharp decline and quick recovery defined Indian smartphone market

ICAI - News 06 Nov ,2017

The first three quarters of 2016 were going just great and smartphone players had raked in super profits right up to Diwali ? then demonetisation caug

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Moody?s cuts RIL credit outlook to stable but affirms ratings

ICAI - News 06 Nov ,2017

Citing a likely negative free cash flow situation due to heavy debt repayments over the next 18 months, global ratings agency Moody?s has lowered the

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Goa government likely to hike spending on education sector

ICAI - News 06 Nov ,2017

The Goa government is contemplating the possibility of increasing the spending on educational sector to 5-6 per cent of the gross domestic product, Ch

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China Oct data to show economy resilient even as momentum fades slightly

ICAI - News 06 Nov ,2017

A burst of Chinese data over the next few weeks is expected to show the world?s second-biggest economy cooled further in October as policy makers har

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Japan October services PMI rises to more than two-year high as new orders accelerate

ICAI - News 06 Nov ,2017

Japan?s services sector grew at the fastest pace in more than two years in October as new orders accelerated sharply, suggesting the economy is picki

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India Inc raises over Rs 36,000 cr via QIP in April-September

ICAI - News 06 Nov ,2017

Indian firms mobilised over Rs 36,000 crore through issuance of shares to institutional investors during April-September period of the current fiscal,

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China's Central Bank Chief Warns of ?Sudden, Contagious and Hazardous? Financial Risks

ICAI - News 06 Nov ,2017

China?s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has ma

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FPIs turn net buyers in October; invest Rs 3,000 crore in equities

ICAI - News 06 Nov ,2017

After two months of intense selling, foreign investors turned net buyers in October to invest over Rs 3,000 crore in stocks, enthused by the governmen

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Hungry Ecomm Cos Eye Food Delivery Space

ICAI - News 06 Nov ,2017

After grocery , food delivery is emerging as the next big frontier for India's largest ecommerce companies. Flipkart, Paytm and Amazon India are all a

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Govt to give 60% stake in ONGC, OIL fields to private companies

ICAI - News 06 Nov ,2017

Nearly 25 years after Oil and Natural Gas Corp. Ltd?s (ONGC?s) prime oilfields were privatized, the oil ministry has identified 11 more functional oil

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GST Network's new facility for exporters to claim refunds

ICAI - News 06 Nov ,2017

The Goods and Services Tax Network (GSTN) said on Sunday that it has introduced a utility Table 6A in the Form GSTR-1 used by exporters to claim refun

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Foreign currency high yield bond issuances: Investor demand soars even as yields trend down

ICAI - News 06 Nov ,2017

With liquidity abundant and appetite for Indian paper unsatiated, even companies that are rated well below top grade are mopping up money overseas. Fo

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India Inc Q2 earnings season: Maruti Suzuki, Hero MotoCorp surprise, but no overall spurt in festive season

ICAI - News 06 Nov ,2017

Despite some surprises, the many disappointments in the Q2FY18 earnings season so far suggest India Inc is still not out of the woods. The turn in the

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Supply deficit keeps lead hot

ICAI - News 06 Nov ,2017

As with many other metals, lead prices also headed northwards in 2017. From around $2,000 a tonne in the beginning of 2017, prices on the London Metal

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Gold likely to dip before reversing higher

ICAI - News 06 Nov ,2017

Gold continued to remain rangebound and volatile for the second consecutive week. The yellow metal is stuck between $1,260 per ounce and $1,285 per ou

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GST Council May Cut Tax Rate On Some Common Use Goods, Officials Say

ICAI - News 06 Nov ,2017

The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like

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Investments worth $11 billion committed during food event: Badal

ICAI - News 06 Nov ,2017

Food Processing Minister Harsimrat Kaur Badal on Sunday said $11.25 billion investments were committed in the country's food processing sector during

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PSU banks may get Rs70,000 crore via recapitalisation bonds in 2017-18

ICAI - News 06 Nov ,2017

The finance ministry may infuse about Rs70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months, people

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DLF?s Rs 8,900 cr deal with GIC gets Competition Commission nod

ICAI - News 06 Nov ,2017

air trade regulator CCI has approved Singapore?s sovereign wealth fund GIC?s proposal to acquire 33 per cent stake in realty major DLF?s rental arm DC

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Domestic CV sales to grow 6-7% in current fiscal: ICRA

ICAI - News 06 Nov ,2017

Domestic commercial vehicle (CV) sales are expected to grow by around 7 percent in the current fiscal on the back of pent-up demand post GST and repla

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Hershey plans to turn India into export hub

ICAI - News 06 Nov ,2017

Global chocolate major Hershey is considering turning India into an export hub. The company, which has recently urged Prime Minister Narendra Modi to

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Unichem Laboratories to now focus on markets abroad

ICAI - News 06 Nov ,2017

Unichem Laboratories would use at least half the net proceeds from sale of its domestic business to reward shareholders. And, use the rest for researc

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Amazon, Microsoft and Apple to seek clarity on Google tax

ICAI - News 06 Nov ,2017

Online firms are planning to meet finance ministry officials this week to seek clarity on the applicability of general anti-avoidance rules (GAAR) in

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Notification No.53/2017-Customs (ADD)

ICAI - News 06 Nov ,2017

seeks to impose definitive anti-dumping duty on the imports of " Sodium Chlorate " originating in or exported from Canada, China PR and European Union

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Notification No.103/2017 Customs (N.T.)

ICAI - News 06 Nov ,2017

Exchange Rates Notification No.103/2017-Custom(NT) dated 2.11.2017

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Notification No.102/2017 Customs (N.T.)

ICAI - News 06 Nov ,2017

Exchange rates notification No.102 dated 1.11.2017.

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Notification No.101/2017 Customs (N.T.)

ICAI - News 06 Nov ,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.100/2017 Customs (N.T.)

ICAI - News 06 Nov ,2017

F.No.434/13/2015/CUs-IV

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Notification No.99/2017 Customs (N.T.)

ICAI - News 06 Nov ,2017

F.No.450/100/20147-Cos-IV

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Notification No. 83 /2017 Customs

ICAI - News 06 Nov ,2017

Seeks to amend notification No. 16/2017-Customs dated the 20th April, 2017.

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Circular No.27 of 2017

ICAI - News 06 Nov ,2017

Clarification on Cash sale of agricultural produce by cultivatorslagriculturist

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Notification No. 92/2017

ICAI - News 06 Nov ,2017

[Notification No. 92 /2017/ F. No. 370142/25/2017-TPL]

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Notification No. 91/2017

ICAI - News 06 Nov ,2017

Notification No.GJ / /2017 (F. No. 22S/216/2017-ITA-II)

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Notification No. 90/2017

ICAI - News 06 Nov ,2017

[Notification No. 90/F. No. 501/04/1992-FTD-I]

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Notification No. 89/2017

ICAI - News 06 Nov ,2017

[Notification No. 89 /2017, F. No. 300196/30/2017-ITA-I]

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Notification No. 88/2017

ICAI - News 06 Nov ,2017

[Notification No. 88/2017/ F. No. 300196/22/2017-ITA-I]

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Notification No. 87/2017

ICAI - News 06 Nov ,2017

[Notification No. 87/20171F. No. 176/9/2017-ITA-IJ

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Notification No. 93/2017 [F. No. 501/1/83-FTD.II] / SO 3512(E)

Income Tax : Communications 02 Nov ,2017

Publish Date : Thursday, November 2, 2017

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Corporate Affairs ministry considering multiple changes to Insolvency and Bankruptcy Code

ICAI - News 04 Nov ,2017

The corporate affairs ministry is considering multiple changes to the Insolvency and Bankruptcy Code, including ways of ensuring that the process does

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FDI into India touches $114.4 billion in 2015-17

ICAI - News 04 Nov ,2017

Cumulative foreign direct investment (FDI) equity flows into India reached USD 114.4 billion during the last two financial years ? 2015-16 and 2016-17

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ITC, PepsiCo, Hershey line up big investments in India

ICAI - News 04 Nov ,2017

Domestic and global firms, including ITC, Pepsico and Hershey, today announced plans to invest billions of dollars in India?s food and agri sector as

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Union Bank of India loss in Q2 at Rs 1531 cr as provisions double to Rs 3555 cr

ICAI - News 04 Nov ,2017

Public sector lender Union Bank of India on Friday reported a loss of Rs 1,531 crore in the September quarter of FY18, owing to a more than doubling o

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Metro Cash and Carry, Uber enter into alliance

ICAI - News 04 Nov ,2017

Metro Cash and Carry and global ride-sharing company Uber today announced an alliance to offer driver partners a membership with the wholesale chain.

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The global economy is booming. Here?s what that means

ICAI - News 04 Nov ,2017

Global economic health has never been more robust, as the number of countries in recession has fallen to the lowest level in decades, according to a n

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Inflation may keep below target but RBI still might not cut rates. Economists explain why

ICAI - News 04 Nov ,2017

Inflation is likely to remain lower than the estimate of 4% in the second half of the current fiscal, but the Reserve Bank of India would still not cu

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UK economy holds steady but outlook remains weak: CBI

ICAI - News 04 Nov ,2017

Growth in Britain?s private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit

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IMF warns Venezuela over gaps in economic data, transparency

ICAI - News 04 Nov ,2017

The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it

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Trai directs RCom to keep porting codes active till December end

ICAI - News 04 Nov ,2017

The telecom regulator has directed Reliance Communications to smoothen the process for subscribers wanting to move out of the carrier?s network in 17

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Andhra Pradesh inks 17 pacts worth Rs 4,000 crore with food processing companies

ICAI - News 04 Nov ,2017

Aiming to boost the food processing sector, Andhra Pradesh government today inked 17 initial pacts worth Rs 4,000 crore with reputed global and domest

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PAN not needed for cash sale of agri produce up to Rs 2 lakh/day

ICAI - News 04 Nov ,2017

The revenue department today said farmers do not need to quote PAN for cash sale of their produce up to Rs 2 lakh a day. The Central Board of Direct T

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India's forex reserves fall to $398.8 billion

ICAI - News 04 Nov ,2017

India's foreign exchange reserves fell for the second straight week to $398.761 billion, Reserve Bank of India data showed. The reserves, which act as

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Demonetisation to power 80% rise in digital payments, may hit Rs 1,800 crore in 2017-18

ICAI - News 04 Nov ,2017

Official statistics indicate an 80% increase in the value of digital transactions in 2017-18, with the total amount expected to touch Rs 1,800 crore i

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NBFCs borrowing from bond street to feel heat

ICAI - News 04 Nov ,2017

While NBFCs are likely to feel the heat from banks, some of them who are dependent on the bond market to fund are more vulnerable, says Credit Suisse

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Steel companies? output up after IRPs step in

ICAI - News 04 Nov ,2017

Steel companies battling insolvency resolution pressure have seen a jump in production after being taken over by resolution experts, several people re

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Five-star weddings get GST blessings: Big boost for banqueting in upcoming shaadi season

ICAI - News 04 Nov ,2017

At India?s five-star hotels, the goods and services tax (GST) has proven to be more than auspicious for the upcoming wedding season. Sure, the 28% GST

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Union Bank of India slips into red as bad-loan provisioning surges

ICAI - News 04 Nov ,2017

Huge bad loan provisions, including front-loaded provisions towards accounts proceeded against under the Insolvency and Bankruptcy Code (IBC), dragged

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Asian Infra Bank to invest $1 billion in Indian projects

ICAI - News 04 Nov ,2017

The Asian Infrastructure Investment Bank (AIIB) is expected to invest around $1 billion in Indian projects this year. The Beijing-based multilateral

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Insolvency rules for corporate guarantors, individual firms by December

ICAI - News 04 Nov ,2017

The rules for individual insolvency under the Insolvency and Bankruptcy Code are likely to be notified by December."It will come in a phased manner. A

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Tata Comm betting big on IoT, to spend $100 million in 2-3 yrs

ICAI - News 04 Nov ,2017

Tata Communications Ltd is set to invest about USD 100 million in the the Internet of Things (IoT), a digital space the company is betting big on in t

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UB Engineering files liquidation plea after creditors reject recast plan

ICAI - News 04 Nov ,2017

Vijay Mallya-led UB Engineering has filed a petition for liquidation after a committee of creditors rejected its resolution plan. The plan, proposed b

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Cryptocurrencies' market cap hits record $200 billion as bitcoin soars

ICAI - News 04 Nov ,2017

The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting

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US trade deficit rose to $43.5 billion in September

ICAI - News 04 Nov ,2017

The U.S. trade deficit rose in September to $43.5 billion as imports grew faster than exports.The Commerce Department said Friday that the September t

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BMW, Daimler, Ford and Volkswagen team up on high-power charging network

ICAI - News 04 Nov ,2017

BMW Group, Daimler, Ford Motor Company, and the Volkswagen Group (with subsidiaries Audi and Porsche) will join up to create a high-power charging net

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iPhone X seen taking Apple to trillion-dollar valuation

ICAI - News 04 Nov ,2017

Apple Inc's shares hit a record-high on Friday after the tech giant reported a blowout fourth quarter and shrugged off concerns related to the iPhone

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U.S. crude touches two-year high after rig count drops

ICAI - News 04 Nov ,2017

Oil prices rose on Friday, with U.S. crude touching a two-year high, strengthening after U.S. rig data suggested drilling in the United States would t

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Despite GST, Maruti Suzuki to continue investing in home grown semi-hybrid tech in its Ciaz, Ertiga variants

ICAI - News 04 Nov ,2017

At a time when most automakers in India have moved away from introducing cars with the hybrid technology owing to the significant increase in taxes af

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Markets stay the course; hit new peak on inflows, PMI data

ICAI - News 04 Nov ,2017

Stock benchmarks Sensex and Nifty on Friday scaled new all-time peaks, riding on more capital inflows and positive PMI data.Earnings optimism among in

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MoUs worth $11 billion to be signed in food & agri sector

ICAI - News 04 Nov ,2017

World Food India ? a three-day event organised by the food processing ministry in the national capital ? will see businesses signing memorandums of un

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India clocks strong domestic aviation market growth in Sept

ICAI - News 04 Nov ,2017

India?s domestic aviation sector grew the fastest in September as the country registered double-digit growth for 37 consecutive months, according to g

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EPFO coverage for Indians working abroad too: CPFC

ICAI - News 04 Nov ,2017

Indians working abroad can now exempt themselves from their host country's social security scheme and get covered by retirement fund body EPFO, Centr

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Torrent Pharma to acquire Unichem's India, Nepal biz for Rs 3,600 cr

ICAI - News 04 Nov ,2017

In a major consolidation move in the domestic pharma sector, drug firm Torrent Pharmaceuticals on Friday said it will acquire the branded business of

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EPFO coverage for Indians working abroad too

ICAI - News 03 Nov ,2017

Indians working abroad can now exempt themselves from their host country's social security scheme and get covered by retirement fund body EPFO, Centra

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How China?s Economy Is Poised to Win the Future

ICAI - News 03 Nov ,2017

President Trump has plenty of work to do during his 10-day tour of Asia in November. In Japan and South Korea, he must reassure nervous allies that an

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Govt may make gold jewellery hallmarking mandatory by January

ICAI - News 03 Nov ,2017

The government is planning to make hallmarking along with carat count mandatory for the gold jewellery sold in the country, Food and Consumers Affairs

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Haryana govt signs Rs 20,000 cr worth MoU for logistics parks

ICAI - News 03 Nov ,2017

The Haryana government signed a memorandum of understanding (MoU) with Verbind, an integrated trade facilitation services organisation, to set up a lo

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Capital deployed with sustainable strategies in India at $31bn

ICAI - News 03 Nov ,2017

Responsible or sustainable investment in India is at a niche stage as assets deployed under this strategy amount to nearly USD 31 billion while global

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Euro zone inflation may be higher than expected in 2018: ECB's Nowotny

ICAI - News 03 Nov ,2017

Euro zone inflation could be higher next year than now projected as energy prices are moving higher, European Central Bank policymaker Ewald Nowotny t

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Nitin Gadkari plans Rs 5 lakh crore bond sale to fund large infrastructure projects

ICAI - News 03 Nov ,2017

Reiterating that funds are not a constraint for undertaking large developmental projects, Union minister Nitin Gadkari today said nearly Rs 5 trillion

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SC pulls up banks, telecom companies for creating panic on Aadhaar linking

ICAI - News 03 Nov ,2017

The Supreme Court today sought the government's response on four petitions challenging the constitutional validity of the Aadhaar Act and linking of b

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Services activity grows for 2nd straight month in October: PMI

ICAI - News 03 Nov ,2017

Services sector activity in India expanded for the second consecutive month in October, driven up by rising new orders -- the fastest pace since June

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Shanghai stocks fall as economy, liquidity concerns resurface

ICAI - News 03 Nov ,2017

Shanghai stocks weakened on Thursday, dragged by industry and material shares, as worries resurfaced over a possible economic slowdown and tighter liq

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Even the Smallest Gulf Economy Is Too Big to Fail

ICAI - News 03 Nov ,2017

Its economy is 5 percent the size of Saudi Arabia?s, but analysts are betting the kingdom won?t let its neighbor?s financial woes morph into a Gulf cr

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Home services startups like UrbanClap, Quikr and Housejoy reel under big GST shock

ICAI - News 03 Nov ,2017

Startups such as UrbanClap, Quikr and Housejoy that provide digital platforms for service providers such as plumbers, carpenters and cleaners are now

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Asian Granito forms joint venture, to invest ?35 cr in quartz stone plant

ICAI - News 03 Nov ,2017

Leading tile maker Asian Granito India Ltd (AGIL) has announced a joint venture with Paramshree Granito Pvt Ltd, and will invest Rs.35 crore in settin

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Vedanta Q2 net jumps 43% to Rs 2,036 cr on higher output

ICAI - News 03 Nov ,2017

Higher production and strong commodity prices helped Vedanta Ltd post a 43 per cent jump in consolidated net profit at Rs 2,036 crore for the July- Se

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Defence companies have $20-b deals in their sights

ICAI - News 03 Nov ,2017

Mega defence contracts are up for grabs with the government likely to approve long-pending deals worth around $20 billion by December 31. These contra

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BOE Raises Interest Rate for First Time in More Than Decade

ICAI - News 03 Nov ,2017

Bank of England policy makers raised interest rates for the first time in a decade, yet expressed concern for Britain?s Brexit-dented economy by indic

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CBDT signs 7 more unilateral APAs with taxpayers

ICAI - News 03 Nov ,2017

The Central Board of Direct Taxes (CBDT) has signed seven more advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigatio

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Walmart fires up realty play in India

ICAI - News 03 Nov ,2017

Walmart India is planning a threefold increase in the pace of opening stores by 2020. It plans to open 50 new stores by 2022 to take the total store c

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Handsets yield 40% growth for Samsung in festive season

ICAI - News 03 Nov ,2017

Buoyed by a healthy 40% revenue growth from the mobile phone segment in value terms during the recent festive season, South Korean electronics giant S

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Coca-Cola draws up Rs 11,000-cr plan to sell fruits, juices

ICAI - News 03 Nov ,2017

Coca-Cola India is taking an ambitious gamble. It is launching a completely new category in its portfolio by introducing frozen fruits under the brand

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One year of demonetisation: Tirupur knitwear industry frays at the seams

ICAI - News 03 Nov ,2017

A year ago, S Venkatesh was running a job works unit and was employing around 10 people. Today, he works as supervisor in a large garment unit in the

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Coal India's October Output, Shipments Rise to Highest for Month

ICAI - News 03 Nov ,2017

Coal India Ltd.?s shipments and output in October rose to the highest for the month in at least five years, as the state-run miner sought to replenish

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RBI asks large borrowers to obtain unique code from banks

ICAI - News 03 Nov ,2017

RBI today said corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from

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SBI Cuts Home Loan Interest Rate To Lowest In Industry; Car Loan Rate Reduced

ICAI - News 03 Nov ,2017

SBI or State Bank of India has reduced its interest rate on home and auto loans. India's largest bank SBI said that it has reduced its interest rates

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UPI transactions double as Google launches Tez app in India; volume soars to over 76 mn

ICAI - News 03 Nov ,2017

The volume of transactions on the Unified Payments Interface (UPI) doubled to 76.96 million between September and October. The value of transactions i

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ITC forays into branded fruits & vegetables

ICAI - News 03 Nov ,2017

FMCG major ITC on Thursday forayed into the branded fruits and vegetables segment. Marketed under the brand, Farmland, the company has launched four v

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Diwali loses sparkle for 2-wheelers makers as sales hit road-block in October

ICAI - News 03 Nov ,2017

Two-wheeler sales were muted in October because of a higher base in the corresponding period last year, with navratri and diwali being observed in the

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Bharat Forge interested in acquiring Amtek Auto

ICAI - News 03 Nov ,2017

Pune-based forging company Bharat Forge, part of the $2.5-billion Kalyani Group, has expressed interest in acquiring loss-making auto components manuf

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SPML Infra zooms 20% on successful implementation of S4A scheme

ICAI - News 03 Nov ,2017

SPML Infra was locked in upper circuit of 20% at Rs 161 on the BSE after the company announced the successful implementation of Scheme for Sustainable

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Suzuki frets about India?s electric shift despite Maruti sales surge

ICAI - News 03 Nov ,2017

The chief executive officer of Japanese automaker Suzuki Motor Corp. on Thursday warned of a serious downside risk to the company?s Indian unit, Marut

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ONGC scouts for gas fields elsewhere after Iran talks tough on Farzad B

ICAI - News 03 Nov ,2017

India's ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding deve

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Start-ups in India perish as angels fear to tread; fall blamed on tax-related issues

ICAI - News 03 Nov ,2017

Start-ups in India may be coming up at the fastest pace anywhere in the world but they?re going down equally fast. Nasscom on Thursday pegged the mort

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Clarification on Cash sale of agricultural produce by Cultivators/Agriculturists

Income Tax : Communications 03 Nov ,2017

Publish Date : Friday, November 3, 2017

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Sharp fall in credit growth to agriculture, services sectors

ICAI - News 02 Nov ,2017

Credit growth to the agriculture and services segments has seen a fall in the last 12 months. The Reserve Bank of India on Tuesday said credit to agri

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One year after demonetisation: Credit card use up but balance due surges by 39 per cent

ICAI - News 02 Nov ,2017

Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended Septembe

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Over 1,000 tech startups added in 2017, says Nasscom

ICAI - News 02 Nov ,2017

The country has seen an addition of over 1,000 startups this year, strengthening its position as the third largest startup ecosystem across the world,

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Shell beats third-quarter expectations with 50 percent rise in profit

ICAI - News 02 Nov ,2017

Royal Dutch Shell beat analysts' expectations for third-quarter earnings on Thursday, reporting a roughly 50 percent rise in underlying net profit.Net

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UPI clocks almost 77 million transactions in October

ICAI - News 02 Nov ,2017

Unified Payments Interface, the Reserve Bank of India promoted instant payment mechanism has shown a more than 100% growth for the month of October ag

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SBI cuts lending rates for the first time in 10 months

ICAI - News 02 Nov ,2017

State Bank of India (SBI), the country's largest bank, announced a 5 basis point cut in its benchmark lending rates across various maturities. This is

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Africa to become unified economic bloc ? Paul Kagame

ICAI - News 02 Nov ,2017

Paul Kagame, President of Rwanda, said the divisions that hampered African growth were ending and the continent was moving towards a unified economic

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Lenovo to buy Fujitsu PC unit stake for up to $269 million; Q2 profit drops

ICAI - News 02 Nov ,2017

Lenovo Group said it had reached an agreement to buy a 51 percent stake in Fujitsu's personal computer unit for up to $269 million, after earlier post

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Japanese stocks, long shunned, attract billions of foreign dollars

ICAI - News 02 Nov ,2017

Japan is shaking off currency gains that typically punish its stocks, enticing foreign investors including Goldman Sachs Group Inc and BlackRock Inc,

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Philippines Economy Stable But Purchasing Power Falls

ICAI - News 02 Nov ,2017

Philippines Financial System Stability Committee has recorded stable economic conditions up to the third quarter this year, but it has also recorded n

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Will Xi Jinping?s second term bring ?new cycle? for the economy?

ICAI - News 02 Nov ,2017

A growing number of economists are joining the chorus forecasting the arrival of a stronger Chinese economy under President Xi Jinping ? a stark contr

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Bank of England set to raise rates for first time since 2007

ICAI - News 02 Nov ,2017

The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday, despite economic growth appearing weaker t

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Fed keeps rates unchanged, remains on road to December hike

ICAI - News 02 Nov ,2017

The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playin

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Cooking gas, jet fuel prices hiked, 19th increase in rates since July 2016

ICAI - News 02 Nov ,2017

Cooking gas (LPG) price was today hiked by Rs 4.50 per cylinder, the 19th increase in rates since July 2016 when the government decided to eliminate s

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Ease of doing business: Here is the next step Narendra Modi government is set to take

ICAI - News 02 Nov ,2017

Encouraged by India?s unprecedented 30-notch jump in the World Bank?s ease of doing business index this year and by what positive comments of stakehol

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India's current account deficit to be 1.5% of GDP this fiscal

ICAI - News 02 Nov ,2017

India's current account deficit (CAD) for this financial year is expected to be around USD 40 billion, or 1.5 per cent of GDP, says a Nomura report. I

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Alt Mechanism to Encourage Banks to Weigh Mergers

ICAI - News 02 Nov ,2017

In a bid to push consolidation among the state-run lenders, an alternative mechanism set up under finance minister Arun Jaitley to fast track bank mer

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India is now world?s most expensive market based on price-to-earnings ratio

ICAI - News 02 Nov ,2017

Indian stocks soared to record highs on Wednesday, aided by a fresh bout of foreign portfolio inflows that drove the rupee up to a six-week high. The

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EESL receives $434 mn from global, multilateral agencies

ICAI - News 02 Nov ,2017

State-run Energy Efficiency Services Ltd (EESL), which is implementing India?s e-vehicles and LED bulbs programme, has received $434 million in fundin

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Airtel raises year's capex estimate to Rs 25,000 cr

ICAI - News 02 Nov ,2017

Bharti Airtel, the country?s largest telecom operator, has raised its estimate of capital expenditure for this financial year to Rs 25,000 crore, from

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Oil slips, erases gains as U.S. crude draw shy of API report

ICAI - News 02 Nov ,2017

Oil prices dipped in see-saw trade on Wednesday, hitting their highest in more than two years and then retreating after weekly U.S. government invento

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Growth in mortgages in banking slips to 12.8% y-o-y in September

ICAI - News 02 Nov ,2017

Growth in mortgages in the banking sector slipped to 12.8% year-on-year (y-o-y) in September from 13.2% in August, data released by the Reserve Bank o

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Mphasis eyes growth in US, Europe even as prime focus stays on India, China, Australia

ICAI - News 02 Nov ,2017

IT services provider Mphasis will have a stronger focus on the US and European markets for growth in the next 12-24 months, even as it continues with

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Hero MotoCorp PAT stands at Rs 1,010 crore for Q2

ICAI - News 02 Nov ,2017

Indian two-wheelers manufacturer Hero MotoCorp has posted 10.9 per cent double-digit growth in its highest-ever quarterly sales of 20,22,805 units, ag

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Anil Ambani led Reliance Infrastructure completes sale of WRSS to Adani Transmission for Rs 1000 cr

ICAI - News 02 Nov ,2017

Reliance Infrastructure (RInfra) on Wednesday said it has completed sale of its entire 100% stake in Western Region System Strengthening Scheme Transm

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Retail Inflation For Industrial Workers Falls to 2.89% In September

ICAI - News 02 Nov ,2017

Retail inflation for industrial workers slid to 2.89 per cent in September, from 4.14 per cent in the same month last year, on account of cheaper food

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India adopts reporting rules to crack aggressive corporate tax planning

ICAI - News 02 Nov ,2017

India on Wednesday notified final rules for multinational group companies (MNCs) in India to report specifics of their global parents? operations as p

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Govt raises ethanol procurement price by 5% for 2017-18

ICAI - News 02 Nov ,2017

In a boost for the sugar sector, the Cabinet Committee on Economic Affairs (CCEA) has raised the basic ethanol price by five per cent, in a bid to get

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Bharti Airtel hikes capex to $4 bn, eyes big VoLTE benefits

ICAI - News 02 Nov ,2017

Eyeing a significant share of the rapidly expanding mobile data market in the country, Bharti Airtel has raised its capex guidance for the current fis

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Despite UDAY, discom dues hit Rs 20,000 cr mark, payments to power producers delayed, causes severe cash crush

ICAI - News 02 Nov ,2017

Despite the UDAY scheme-enabled savings of around Rs 15,000 crore in the year to March 2017 in their debt servicing costs, several state-run power dis

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Early Diwali takes away automakers? festive season cheer, only single-digit growth reported

ICAI - News 02 Nov ,2017

Automobile manufacturers reported muted sales in October with most companies clocking single-digit growth. The festival of Diwali, usually a busy time

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Notification No. 90/2017 [F.No.501/04/1992-FTD-I] / SO 3452(E)

Income Tax : Communications 27 Oct ,2017

Publish Date : Friday, October 27, 2017

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Rising expenses mar StanChart Q3 profit increase

ICAI - News 01 Nov ,2017

Higher expenses overshadowed better than expected quarterly profit for Standard Chartered on Wednesday, sending shares in the Asia-focused bank more t

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Bitcoin blasts to new all-time high of $6,450

ICAI - News 01 Nov ,2017

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the worl

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Euro zone economy grows faster than expected in Q3, inflation slows in October

ICAI - News 01 Nov ,2017

The eurozone economy grew faster than expected in the third quarter and unemployment fell to an almost nine-year low, but consumer inflation slowed ag

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Inside the mind of the Bank of England: how it sets rates

ICAI - News 01 Nov ,2017

How the nine members of the Monetary Policy Committee (MPC) vote will affect households and businesses across the UK.That's because the Bank of Englan

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Japan final October factory PMI shows growth slowed less than expected

ICAI - News 01 Nov ,2017

Japanese manufacturing activity in October slowed less than initially thought, a revised private survey showed on Wednesday, in a sign that demand rem

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A year after demonetisation, Credit card use increases, here is why

ICAI - News 01 Nov ,2017

Nearly a year after Prime Minister Narendra Modi?s much-debated demonetisation, India has witnessed an exponential growth in using credit card, accord

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Goldman Sachs just got more hawkish on India; says RBI to hike rates soon as bank recap plan will spur growth

ICAI - News 01 Nov ,2017

Goldman Sachs Group Inc. just got more bullish ? and hawkish ? on India. While the investment bank has for months been an outlier predicting monetary

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Centre extends last date for filing GST returns

ICAI - News 01 Nov ,2017

The Centre extended the last date for filing GSTR-2 returns, required to claim input tax credit under the Goods and Services Tax (GST) regime, for Jul

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Good days may follow goods in highest tax slab, next big GST move could reduce prices of many items

ICAI - News 01 Nov ,2017

India could review the application of the highest 28% slab under the goods and services tax (GST) and consider imposing a lower rate on items of frequ

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GST hits Nepal's export to India

ICAI - News 01 Nov ,2017

Nepal's export to India has been adversely affected after the enforcement of Goods and Services Tax as Nepali goods have become less competitive in th

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India's manufacturing activity 'stagnates' in October

ICAI - News 01 Nov ,2017

Manufacturing activity in India slackened in October as new orders stagnated in the wake of subdued demand conditions, largely due to "negative impact

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Danfoss, partners to set up district cooling pilot project in India

ICAI - News 01 Nov ,2017

Danfoss? Indian arm, Danfoss Industries, United Nations Initiative on Sustainable Energy for All and a bunch of partner companies, has planned a distr

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Airtel may sell stake in Bharti Infratel to global investors

ICAI - News 01 Nov ,2017

India?s largest telecom company Bharti Airtel Ltd Tuesday said it has been approached by a few ?global investors? to acquire a significant stake in it

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High GST rate on batteries to hit e-vehicle drive

ICAI - News 01 Nov ,2017

High tax on batteries used in electric vehicles under the goods and services tax regime may prove a major roadblock to the government?s drive to push

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Vodafone-Idea merger inches towards final approval

ICAI - News 01 Nov ,2017

The merger of Vodafone India with telecom peer Idea Cellular is inching towards a closure, with the companies awaiting a couple of regulatory approval

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RCom-Sistema Shyam merger completed

ICAI - News 01 Nov ,2017

Reliance Communications on Tuesday said it has completed the merger of Sistema Shyam Teleservices, which operates under MTS brand, with the company.T

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India makes it to Top 100 in ?ease of doing business?

ICAI - News 01 Nov ,2017

India jumped up 30 notches into the top 100 rankings on the World Bank?s ?ease of doing business? index, thanks to major improvements in indicators su

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Credit to industry falls in September

ICAI - News 01 Nov ,2017

Credit to industry has contracted 0.4 per cent in the first half of this financial year, as banks grapple with bad loans. The loan outstanding to indu

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Rupee likely to be around Rs 66/USD in Dec

ICAI - News 01 Nov ,2017

The rupee is expected to be around 66 per US dollar by the year end because of rising current account deficit and muted FPI equity inflows amid rich

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Govt asks states to stop sale, transfer of properties of shell companies

ICAI - News 01 Nov ,2017

The surveillance of shell companies will go a notch higher with their real estate coming under the scanner of the authorities, and the firms will be d

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HPCL to acquire MRPL in share-swap deal

ICAI - News 01 Nov ,2017

Hindustan Petroleum Corp Ltd (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become India's second-la

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China central bank tries to calm nervous bond market as risks loom

ICAI - News 01 Nov ,2017

China?s central bank tried to calm a nervous bond market on Tuesday with more liquidity injections, helping to steady 10-year yields following a sell-

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U.S. consumer confidence rises in October to 17-year high

ICAI - News 01 Nov ,2017

American consumers are the most confident they've been in nearly 17 years, more good news for an already healthy economy.The Conference Board said Tue

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Sony profits soar on image sensors, games, "Spider-Man" film

ICAI - News 01 Nov ,2017

Sony Corp. reported Tuesday that its fiscal second quarter profit zoomed by 26-fold from the same period last year, boosted by the success of its imag

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Gold prices rise as Fed set to take a call on rate hike

ICAI - News 01 Nov ,2017

Gold prices pushed higher by Rs105 to Rs30,380 per 10 grams on Tuesday as the US Federal Reserve kicks off its two-day policy meeting. Any delay on ra

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Oil up near two-year highs, analysts see more U.S. crude exports

ICAI - News 01 Nov ,2017

Oil prices settled higher again on Tuesday, notching a monthly gain of more than 5 percent, but analysts said bullish sentiment that has driven Brent

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SBI cuts MCLR by 5 bps

ICAI - News 01 Nov ,2017

State Bank of India (SBI) on Tuesday reduced its marginal cost of funds-based lending rate (MCLR) for the first time in 10 months by 5 basis points (b

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IndoSpace launches third fund with $550 million target corpus

ICAI - News 01 Nov ,2017

IndoSpace, a joint venture of private equity firm Everstone Group and US-based industrial real estate firm Realterm, on Tuesday said it has launched i

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IndiGo Q2 profit up 294% to Rs552 crore on better revenue management

ICAI - News 01 Nov ,2017

Budget carrier IndiGo?s parent InterGlobe Aviation on Tuesday reported a 294% increase in net profit to Rs551.55 crore, helped by credits received fro

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Ebix acquires Kalaari-backed Via.com for $75 million

ICAI - News 01 Nov ,2017

US-based software and services company Ebix has acquired online travel portal Via for $75 million as it eyes growing its distribution network in India

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Core sector growth hits 6-mth high of 5.2% in Sept

ICAI - News 01 Nov ,2017

Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, o

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Fiscal deficit hits 91.3% of FY18 target in 6 months

ICAI - News 01 Nov ,2017

In the first six months of the current financial year, the country?s fiscal deficit touched 91.3 per cent of the full-year budget estimate, as compare

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Income-tax (Twenty-fourth Amendment) Rules, 2017

Income Tax : Communications 31 Oct ,2017

Publish Date : Tuesday, October 31, 2017

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IndiGo Q2 profit rises 294% to Rs552 crore on better revenue management

ICAI - News 31 Oct ,2017

Budget carrier IndiGo?s parent InterGlobe Aviation Ltd on Tuesday reported a 294% increase in its net profit to Rs551.55 crore, helped by better reven

Read More

NTT Docomo gets $1.2 billion payment from Tata Sons, dispute settled

ICAI - News 31 Oct ,2017

Japanese firm NTT Docomo on Tuesday said it has received over $1.2 billion from Tata Sons, which ends the 2-year old dispute over their Indian telecom

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Trade between India, Italy can go beyond current $8.8 billion: Modi

ICAI - News 31 Oct ,2017

Trade between India and Italy can go beyond the current $8.8 billion, said Prime Minister Narendra Modi on Monday. Addressing mediapersons jointly wit

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IMF endorses Saudi plan for $500-billion business zone

ICAI - News 31 Oct ,2017

The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jorda

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Fiscal deficit reaches 91.3% of full-year target in Sept

ICAI - News 31 Oct ,2017

India reported fiscal deficit of $77.09 billion for April-September or 91.3 per cent of the budgeted target for the current fiscal year that ends in M

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Japan?s economy is actually ?back on track??commentary

ICAI - News 31 Oct ,2017

Japan, the planet?s third-largest economy, may finally have put its deflationary past behind.Mired in malaise for more than three decades, the Japanes

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Eurozone growth exceeds expectations

ICAI - News 31 Oct ,2017

For the past 12 months, the growth rate was 2.5%, Eurostat said.Last month, the European Central Bank (ECB) raised its 2017 growth forecast for the 19

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Customs duty on polyester fabric raised to 20%

ICAI - News 31 Oct ,2017

The central government has decided to increase the basic customs duty on polyester fabric to 20 per cent, from 10 per cent, with effect from last Frid

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RBI likely to cut rates in December 6 policy review

ICAI - News 31 Oct ,2017

The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to b

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E-tailers' global warehouses may come under tax net

ICAI - News 31 Oct ,2017

Warehouses of e-commerce companies based in countries such as Australia, Japan, Italy, Spain, the Netherlands, and Russia may not be exempted from pay

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Deadline for July GSTR-2 and GSTR-3 filing extended by a month

ICAI - News 31 Oct ,2017

The government on Monday extended the deadline by a month for filing of July GSTR-2 to 30 November 30 and GSTR-3 to 11 December. The original due date

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MCA scanner on banks lending to deregistered companies

ICAI - News 31 Oct ,2017

The corporate affairs ministry is likely to ask the department of financial services to take action against the banks which have continued lending to

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Supreme Court ruling lets I-T department open closed cases

ICAI - News 31 Oct ,2017

Many individuals and small businesses could now find the tax office raking up old wounds and chasing tax demands they believed had been long forgiven.

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A Missing Piece of the Global Growth Is Starting to Fall Into Place

ICAI - News 31 Oct ,2017

A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some of the world?

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Oriental Bank of Commerce to launch Rs1,000 crore bond issue to comply with Basel III norms

ICAI - News 31 Oct ,2017

State-owned Oriental Bank of Commerce plans to raise up to Rs1,000 crore by issuing Basel III compliant bonds on a private placement basis. ?The bank

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IDFC-Shriram merger called off on differences over swap ratio

ICAI - News 31 Oct ,2017

IDFC Group and Shriram Group have called off their talks for a merger after failing to agree on a swap ratio. The two parties had, on July 8, entered

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Cement demand remains weak as prices firm up

ICAI - News 31 Oct ,2017

Cement demand across the country remained weak while prices continued to remain firm as cement companies passed on the incremental production cost to

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Anil Ambani led Reliance Communications unveils fresh debt restructuring plan; looks to convert Rs 7000 cr loans into stake in telco

ICAI - News 31 Oct ,2017

Anil Ambani-led Reliance Communications (RCom) on Monday presented lenders with a fresh debt restructuring plan proposing banks convert Rs 7,000 crore

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Lennar is buying a smaller rival for $9.3 billion to create America's largest homebuilder

ICAI - News 31 Oct ,2017

Lennar Corp said on Monday it would buy smaller rival CalAtlantic Group Inc in a stock-and-cash deal valued at about $9.3 billion, including debt, to

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Global steel in a recovery mode, demand to grow 7%

ICAI - News 31 Oct ,2017

It is rather reassuring to know that steel industry has been faring better in the past six months as the short range outlook for global steel demand i

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Brent oil holds above $60 on expected output cut extension

ICAI - News 31 Oct ,2017

Brent oil slipped but held above $60 a barrel on Monday, near its highest since mid-2015, on expectations Opec-led production cuts would be extended b

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Electronic payments, m-wallets volumes seeing a decline

ICAI - News 31 Oct ,2017

With easing of the liquidity crunch, transaction volumes for overall retail electronic payments has seen a marginal dip in the past few months, sugges

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Bond yields rise 7 basis points, single biggest rise in over a month

ICAI - News 31 Oct ,2017

The yield on the benchmark bond rose seven basis points on Monday to close to 6.88% with dealers attributing the spike to the announcements of OMOs la

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Private Lenders? Gross NPA Ratio Rises Over 67 Bps Y-O-Y To 4.48%

ICAI - News 31 Oct ,2017

Fourteen of the 18 listed private-sector banks that have reported their results for the quarter ended September together recorded a 65-basis point (bp

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Real estate investment in 6 top cities doubles to $2.87 billion

ICAI - News 31 Oct ,2017

Real estate investment in India's six major cities doubled to $2.87 billion in the year ended June 2017 as Mumbai attracted maximum capital and was ra

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BigBasket raises Rs 52 cr from existing investors

ICAI - News 31 Oct ,2017

Online grocery company BigBasket has secured Rs 52 crore ($8.02 million) funding from its four existing investors ? UAE based Abraaj Basket, Bessemer

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Driven by increased volumes: Tata Steel Q2 net profit at Rs 1,018 cr; sales rise 24%

ICAI - News 31 Oct ,2017

Tata Steel on Monday reported a consolidated net profit of Rs 1,018 crore for the three months to September, much below the Bloomberg consensus estima

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Arms rules relaxed to bolster investment in manufacturing

ICAI - News 31 Oct ,2017

The government has liberalised the arms manufacturing policy with the aim to boost its ?Make in India? initiative, doing away with renewal of licence

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World Bank, Fin Min sign loan deal worth $200 mn for aiding Assam agri-biz

ICAI - News 31 Oct ,2017

The Ministry of Finance and the World Bank on Monday announced the signing of a loan agreement worth $200 million for the Assam Agribusiness and Rural

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'Bharat 22' ETF to raise over Rs 8,000 crore; to open on Nov 15

ICAI - News 31 Oct ,2017

The 'Bharat 22' Exchange Traded Fund (ETF), comprising 22 scrips of public sector units, will hit the capital market next month to mop up over Rs 8,00

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PSB recapitalisation: After Centre allocates Rs 2.11 lakh cr, here is the critical next step RBI will take

ICAI - News 31 Oct ,2017

The Reserve Bank of India (RBI) has been tasked with making an assessment of the capital requirement of various public sector banks (PSBs), an exercis

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Reliance Jio impact: Bharti Airtel finalises plan to sell Indus Tower to raise funds to pare Rs 87,840 cr debt

ICAI - News 31 Oct ,2017

Bharti Infratel, the tower arm of Bharti Airtel, has just given shape to a plan which will eventually see the parent firm exit from the tower arm as w

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GST returns filing: Tax experts doubt system?s accuracy; only a quarter of taxpayers meet October 31 deadline

ICAI - News 31 Oct ,2017

Increasing the fear of an unravelling of the exercise of invoices-matching, which is crucial to realising the presumed merits of the goods and service

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Notification No. 87/2017 [F.No.176/9/2017-ITA-I] / SO 3441(E)

Income Tax : Communications 27 Oct ,2017

Publish Date : Friday, October 27, 2017

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Notification No. 88/2017 [F. No. 300196/22/2017-ITA-I] SO 3440(E)

Income Tax : Communications 27 Oct ,2017

Publish Date : Friday, October 27, 2017

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Notification No. 89 /2017 [F.No.300196/30/2017-ITA-I] / SO 3442(E)

Income Tax : Communications 27 Oct ,2017

Publish Date : Friday, October 27, 2017

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From TCS, Infosys, Wipro to HCL Tech, how Indian IT is transitioning to new era

ICAI - News 30 Oct ,2017

The $150-billion-plus Indian IT industry witnessed the performance of the top tier multi-billion dollar companies?Tata Consultancy Services (TCS), Inf

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Q2 GDP likely to recover to 6%: SBI Research

ICAI - News 30 Oct ,2017

The economy is likely to pick up to 6 per cent in the second quarter of the current fiscal, owing to an uptick in several macroeconomic indicators lik

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65% funds spent, defence ministry seeks Rs 22,000 cr more for modernisation

ICAI - News 30 Oct ,2017

Having already spent 65 per cent of its budgetary allocation for capital expenditure, defence ministry is seeking an additional Rs 22,000 crore from t

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Deadline for filing July GSTR-2, GSTR-3 extended; Find out new dates

ICAI - News 30 Oct ,2017

To ?facilitate about 30.81 lakh taxpayers?, the Finance Ministry on Monday said that the government has extended the last date for filing GSTR-2 and G

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RBI likely to cut rates in December 6 policy review, says report

ICAI - News 30 Oct ,2017

The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to b

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German federal budget surplus could reach 14 billion euros: magazine

ICAI - News 30 Oct ,2017

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday, providing more negotiating room for Chancellor Angela M

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IMF boosts GDP forecasts for almost every advanced economy, except UK and Spain

ICAI - News 30 Oct ,2017

A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock markets, some of the world?s

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Saudi Arabia mulls more fiscal expansion in 2018 to spur economy

ICAI - News 30 Oct ,2017

audi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said, as authorities seek to support

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Indirect taxes collection could fall short of target due to GST

ICAI - News 30 Oct ,2017

Indirect taxes collection by the government may fall short of the target during the current financial year due to disruption caused by the GST rollout

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PPF accounts to be closed, interest lowered to 4 per cent if you become NRI

ICAI - News 30 Oct ,2017

Select small savings schemes like Public Provident Fund (PPF) and National Saving Certificates (NSC) will not earn you the same rate if you become non

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Aadhaar-Mobile linking: SC sets up a five-judge constitution bench to hear pleas

ICAI - News 30 Oct ,2017

The Supreme Court has decided to set up a five-judge Constitution Bench to hear an array of pleas against the mandatory linking of Aadhaar with mobile

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Flagging economy pushed down merger and acquisition activity in India

ICAI - News 30 Oct ,2017

Corporate India's M&A deal tally took a 63.4 per cent hit in the July-September quarter of this year, largely because of a "flagging economy" that has

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Bank recapitalisation plan to push GDP growth to 7% in FY19

ICAI - News 30 Oct ,2017

The government's recapitalisation plan for public sector banks is likely to propel credit growth by up to 700 basis points to 15 per cent and as conse

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GoM for 12% GST on AC eateries, composition scheme tax cut

ICAI - News 30 Oct ,2017

The Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants unde

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Investors are running out of cash - and that's terrible news for the stock market

ICAI - News 30 Oct ,2017

The stock market has a cash problem.As in, investors are running out of it, and the shortage could threaten the 8 1/2-year equity bull market that we'

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Anil Agarwal plans Rs 10,000 crore investment in Jharkhand

ICAI - News 30 Oct ,2017

Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated st

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?Non-life insurance will be a major driver of growth?

ICAI - News 30 Oct ,2017

General insurance sector has hit a ?tipping point? and will continue to grow year-on-year irrespective of ups and downs in economic growth, according

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FPIs pour $3-bn into Indian capital markets in Oct

ICAI - News 30 Oct ,2017

Foreign investors have pumped in close to $3 billion in the Indian capital markets so far this month due to ?high nominal and real yields? and stable

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Interest rate transmission and beyond

ICAI - News 30 Oct ,2017

Weak interest rate transmission has long been a concern for the RBI, understandably, because of the incessant pressure on the central bank to reduce i

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Dollar continues to pressure gold

ICAI - News 30 Oct ,2017

Gold extended its downmove for the second consecutive week. The global spot gold price fell to an intra-week low of $1,263.85 per ounce and managed to

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Private banks' NPA provisions surge in second quarter

ICAI - News 30 Oct ,2017

The expectation of a stable asset quality profile for private banks has been shattered in the second quarter ended September 2017 (Q2) as the Reserve

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Consumer goods firms show recovery in Q2

ICAI - News 30 Oct ,2017

The September quarter of the financial year 2017-18 appears to have brought some relief to consumer product companies reeling under a slowdown. The re

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Maruti Suzuki invests Rs 1,000 crore in land parcels for dealerships

ICAI - News 30 Oct ,2017

Country's largest carmaker Maruti Suzuki India (MSI) has earmarked Rs 1,000 crore in the current fiscal to buy land parcels for new dealerships.As par

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New Year disruption plan: Now, Reliance Jio moves to broadband, TV space

ICAI - News 30 Oct ,2017

After its success in mobile telephony, Reliance Jio is preparing to disrupt the market once again. This time in the fixed broadband and television (TV

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The EU Heads for a ?Big Bang? Moment That Isn?t Brexit

ICAI - News 30 Oct ,2017

The European Union says it has plenty on its to-do list besides managing Brexit. That could prove to be good news for Prime Minister Theresa May as sh

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Government to infuse massive Rs 7 trn to build 83,677 km of roads over 5 years

ICAI - News 30 Oct ,2017

The Narendra Modi government has decided to infuse a massive Rs 6.92 lakh crore over ?the next five years? to add 83,677 km to the country?s 1.1-lakh-

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India becomes Honda?s No.1 market in Asia Oceania region

ICAI - News 30 Oct ,2017

India has become the largest market in terms of retail sales for Japanese auto major Honda in the Asia Oceania region in the first half of this fiscal

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Routing central funds via PFMS made mandatory

ICAI - News 30 Oct ,2017

In a move that would enable tracking and monitoring of the end-use of its funds, the Centre has made the use of Public Finance Management System (PFMS

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Essar Group, Tatas bid to acquire Essar Steel

ICAI - News 30 Oct ,2017

Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt?laden Essar Steel which is go

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PSBs recapitalisation: What is the key factor Centre is looking at to finalise mechanism?

ICAI - News 30 Oct ,2017

The government is closely looking at a ?liquidity neutral? model of recapitalisation whereby public-sector banks (PSBs) sell their shares to the gover

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GST returns filing: All taxpayers to file quarterly tax returns? Here is what GoM wants

ICAI - News 30 Oct ,2017

Taxpayers may look forward to more concessions as the Goods and Service Tax (GST) Council meets at Guwahati on November 10. While more cuts in tax rat

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Circular No. 208/5/2017-ST

ICAI - News 30 Oct ,2017

reassignment of cases pending as on 30-6-2017 with the Commissioner of Central Excise and Service Tax ( Appeals) .

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Notification No.52/2017-Customs (ADD)

ICAI - News 30 Oct ,2017

Seeks to impose anti-dumping duty on the imports of Cold-rolled Flat products of stainless steel of width greater than 1250 mm of all series not furt

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Notification No.98/2017 Customs (N.T.)

ICAI - News 30 Oct ,2017

Exchange Rates Notification No.98/2017-Custom(NT) dated 27.10.2017

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Notification No.97/2017 Customs (N.T.)

ICAI - News 30 Oct ,2017

Exchange Rates Notification No.97/2017-Custom(NT) dated 24.10.2017

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Notification No. 82 /2017 Customs

ICAI - News 30 Oct ,2017

seeks to prescribe effective rate of duty under chapters 50 to 63 on textile products.

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Notification No. 80 /2017 Customs

ICAI - News 30 Oct ,2017

Seeks to increase the tariff rate on textile products in chapters 50 to 63 in the First Schedule to the Customs tariff Act, 1975

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Notification No. 81 /2017 Customs

ICAI - News 30 Oct ,2017

seeks to amend notification No. 14/2006-customs dated 1st march 2006, to prescribe effective rate of duty on specified fabrics.

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Circular No.26 of 2017

ICAI - News 30 Oct ,2017

Order under section 119 of the Income-tax Act, 1961 (?the Act?)

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Circular No.25 of 2017

ICAI - News 30 Oct ,2017

F No 142/11 /2015-TPL (Pt. I)

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Notification No. 91/2017 [F.No. 225/216/2017-ITA-II]

Income Tax : Communications 30 Oct ,2017

Publish Date : Monday, October 30, 2017

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Xi's ironclad grip on power will actually help China's economic reforms, says Moody's

ICAI - News 28 Oct ,2017

The further consolidation of power in China under President Xi Jinping could help the country achieve its economic rebalancing and reform goals, Moody

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Bermuda?s GDP back above $6bn

ICAI - News 28 Oct ,2017

Bermuda?s gross domestic product ? a measure of economic activity ? climbed above $6 billion last year for the first time since 2008.While nominal GDP

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Brazil's Temer sees $30 billion pre-salt investments, $130 billion in royalties

ICAI - News 28 Oct ,2017

Brazilian President Michel Temer said Friday?s auction of pre-salt offshore oil blocks will generate investments of more than 100 billion reais ($30.8

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Indian Oil aims for LNG import capacity of 13.5 million tonnes in five years

ICAI - News 28 Oct ,2017

State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNG) in five years, its head of b

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Lower gold prices fail to spark post-Diwali lull in demand

ICAI - News 28 Oct ,2017

The physical gold market remained quiet in most Asian centres this week despite a drop in prices with India witnessing a lull in fresh purchases as ke

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Are the decks clearing for an RBI rate hike?

ICAI - News 28 Oct ,2017

The government?s mammoth recapitalisation plan for beleaguered public sector banks has stirred a debate on whether it would make the Reserve Bank of I

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Cloud computing drives growth for US tech firms

ICAI - News 28 Oct ,2017

Amazon.com Inc., Microsoft Corp., Alphabet Inc.?s Google and Intel Corp. are all putting their chips on the cloud computing business, and it is boomin

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J&K to refund GST to protect tax relief given to factories

ICAI - News 28 Oct ,2017

The Jammu and Kashmir government has cleared a plan to reimburse the entire state goods and services tax (SGST) and 42% of central GST (CGST) to manuf

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Coca-Cola India to flavour a bigger portfolio with ethnicity

ICAI - News 28 Oct ,2017

Coca-Cola India is expanding its product portfolio with ethnic drinks and additions for the local palate, in the beverage maker?s latest move to tackl

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Sharing consumers' private data may soon attract punishment

ICAI - News 28 Oct ,2017

Sharing any detail of consumers for commercial purpose by companies will be treated as unfair trade practice, which will attract punishment under the

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US economy grows faster than expected in third quarter

ICAI - News 28 Oct ,2017

The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%. Analysts had been expecting a sh

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S&P unexpectedly raises Italy?s sovereign credit rating to BBB

ICAI - News 28 Oct ,2017

Credit ratings agency Standard & Poor?s unexpectedly raised its sovereign rating for Italy to BBB on Friday, the first such increase by S&P for at lea

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Recapitalisation will only postpone banking crisis, a lot more is needed to solve it

ICAI - News 28 Oct ,2017

Finance Secretary Ashok Lavasa has said that the government will try to find space for the cost of bank recapitalisation, which is going to be just th

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Cabinet approves Rs 7,000 crore for construction of six IIT campuses

ICAI - News 28 Oct ,2017

The Union Cabinet has approved over Rs 7,000 crore for construction of permanent campuses of six new Indian Institute of Technology (IITs) across the

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85% MNREGS wages paid in time this fiscal: Rural ministry

ICAI - News 28 Oct ,2017

The Center is taking steps to ensure timely payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), out of whic

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Government working on tougher consumer protection law

ICAI - News 28 Oct ,2017

A new consumer protection law is on the anvil to crack down on misleading advertisements and simplify the grievance redressal mechanism, Prime Ministe

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Ashok Leyland to invest 400-500 crore on EVs

ICAI - News 28 Oct ,2017

Ashok LeylandBSE -2.48 % is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years. Managing directo

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India Etail War Leaves Red Mark on Amazon?s International Books

ICAI - News 28 Oct ,2017

Amazon?s international losses nearly doubled in the third quarter due to its aggressive investments in its India business, but then the booming domes

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Major ports reverse decline in market share

ICAI - News 28 Oct ,2017

The Shipping Ministry has reversed the declining market share of the government-owned 12 major ports over the last two years through a series of effic

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$83.5 billion and counting: How Invest India keeps FDI rolling in

ICAI - News 28 Oct ,2017

On October 10, Invest India, the foreign investment promotion arm of the government, crossed a milestone: it received the 100,000th investment-related

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Slippages down, but weak earnings drag ICICI Bank

ICAI - News 28 Oct ,2017

Private sector banks have been playing catch-up with public sector lenders, unfortunately even in piling up bad loans. Over the past several quarters,

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Tata Sons to put Rs 30,000 cr into Tata Teleservices

ICAI - News 28 Oct ,2017

Tata Sons, the holding company of the $105-billion Tata group, will pump Rs 30,000 crore more into its money-losing telecom company, Tata Teleservices

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SBI asks Odisha to take equity in Bhushan Steel

ICAI - News 28 Oct ,2017

State Bank of India (SBI), the country?s largest lender, might have found a way out for Bhushan Steel, currently going through a Reserve Bank of India

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Amazon threat making a disturbance in the health care industry

ICAI - News 28 Oct ,2017

Amazon.com Inc. is casting a long shadow over the health care industry. The prospect of the giant internet retailer entering the business is beginning

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Volkswagen lifts profit target as delivers on cost cuts

ICAI - News 28 Oct ,2017

Volkswagen lifted its profit target for the year on Friday after cost cuts at its core autos division helped it outstrip third quarter earnings foreca

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CVS talks to buy Aetna for $66 billion makes sense because of 'threats from all sides'

ICAI - News 28 Oct ,2017

CVS talks to buy health insurer Aetna for as much as $66 billion makes sense because the drugstore operator and prescription benefit manager has been

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Goa's iron ore industry hit due to poor international prices

ICAI - News 28 Oct ,2017

Although Goa was once the country's largest exporter of low-grade iron ore, today it is staring at an uncertain future as the exports have virually co

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Oil up 2 percent, Brent hits $60 per barrel on support for extending curbs

ICAI - News 28 Oct ,2017

Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world?s top producers

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India?s forex reserves drop by $375.80 m to $399.92 bn

ICAI - News 28 Oct ,2017

India?s forex exchange reserves dropped by $375.80 million as on October 20 to $399.921 billion, data from the RBI shows. Foreign currency assets (FCA

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Dassault to invest ?100 million in joint venture with Reliance Group

ICAI - News 28 Oct ,2017

French company Dassault Aviation SA will invest ?100 million (around Rs760 crore) in its joint venture with Anil Ambani?s Reliance Group to manufactur

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Ecommerce firms Flipkart, Amazon, others saw highest ever monthly sales of $3.2 bn; 45 pct higher than last year

ICAI - News 28 Oct ,2017

Flushed with funds from their recent fund-raising rounds, e-commerce companies in India saw their highest ever monthly sales of $3.2 billion (Rs 19,00

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Maruti beats estimates, net rises 3.4%

ICAI - News 28 Oct ,2017

Maruti SuzukiBSE 0.47 % India (MSIL), the country?s largest car maker, beat street estimates with a 3.4% increase in net profit in the second quarter

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Infrastructure investment: India lags even as private investment picks up globally

ICAI - News 28 Oct ,2017

The sharp fall in private investment in infrastructure in India, Brazil and Turkey had brought down such investments in emerging market developing eco

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Is Indian economy turning the corner?

ICAI - News 27 Oct ,2017

A raft of recent data, including some second-quarter corporate results, is giving confidence to economists that a recovery in growth is imminent, even

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Cash-flush Flipkart forces Amazon's international losses to soar

ICAI - News 27 Oct ,2017

US-based online retail giant Amazon on Friday reported a massive $936 million loss from its international business unit for the three months ended Se

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India emerges as biggest source for digital talent

ICAI - News 27 Oct ,2017

India has highest proportion of digital talent with 76 per cent among the countries surveyed, compared to the global average of 56 per cent, according

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Intel raises full year revenue, profit forecast

ICAI - News 27 Oct ,2017

Intel Corp, the world?s largest computer chipmaker raised its full-year revenue and profit forecast, helped by strong growth in its data center and cl

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NCLT reserves order on insolvency petition against Era Infra

ICAI - News 27 Oct ,2017

A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its order in the insolvency petition against Era Infra Engineering fi

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Amazon sales surge after Whole Foods acquisition, busy Prime Day

ICAI - News 27 Oct ,2017

Amazon.com Inc on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at ?Prime Day? promotions on its

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GE explores divesting its transportation, healthcare IT businesses, says sources

ICAI - News 27 Oct ,2017

General Electric Co is exploring divesting its transportation and healthcare information technology businesses, as it seeks to reshape its portfolio u

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Saudi Arabia invests $1 billion in Virgin Group?s space ventures

ICAI - News 27 Oct ,2017

Saudi Arabia?s sovereign wealth fund plans to invest about $1 billion in Virgin Group?s space companies, giving the ventures a welcome jolt of capital

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Chinese party official says Beijing will not set target to double GDP from 2021

ICAI - News 27 Oct ,2017

China will not set a target to double gross domestic product (GDP) from 2021, a senior Communist Party official said on Thursday, as top leaders look

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UK retail sales plunge at fastest rate since 2009: CBI

ICAI - News 27 Oct ,2017

British retail sales plummeted in October at the fastest pace since early 2009 when the country was last in recession, according to a survey that coul

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Japan's factory output seen down in September, rising trend intact

ICAI - News 27 Oct ,2017

Japan?s industrial production was expected to show a fall in September after solid gains the previous month, a Reuters poll found, although analysts s

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US Treasury yields edge higher after soft 7-year note auction

ICAI - News 27 Oct ,2017

US Treasury yields inched higher on Thursday in choppy trading, undermined by a soft auction of US 7-year notes which saw demand at its weakest since

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Power sector reforms coming soon, says Minister RK Singh; see what is in offing

ICAI - News 27 Oct ,2017

The government is planning to introduce major changes in various segments in the the power sector such as power purchase agreement (PPA) requirement,

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Textile exporters to tap UAE market

ICAI - News 27 Oct ,2017

A 100-member delegation from textile and garment industry would be visiting the United Arab Emirates next month. Federation of Indian Export Organisat

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Government tightens screws on assets owned by deregistered companies

ICAI - News 27 Oct ,2017

The corporate affairs ministry today asked states to complete identification of properties owned by deregistered companies at the earliest and ensure

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Govt working on new consumer protection law, says PM Modi

ICAI - News 27 Oct ,2017

We all are consumer at some place. By virtue of being consumer, we have some rights and therefore those rights need to be protected. This is exactly w

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GST Council may fix single tax rate for similar product categories

ICAI - News 27 Oct ,2017

A week after Revenue Secretary Hasmukh Adhia called for a complete overhauling of tax rates under GST, it has been reported that the government is wor

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Infrastructure sector hails stimulus push

ICAI - News 27 Oct ,2017

The Rs.7,00,000-crore stimulus push announced by Finance Minister Arun Jaitley is being hailed by various players in the infrastructure sector, as it

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Draghi Calls for Caution as Flagship Stimulus Heads to Exit

ICAI - News 27 Oct ,2017

Mario Draghi warned that the European Central Bank will remain cautious even as he put his signature stimulus measure on the road toward an exit.The E

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Rescue plan may lure foreigners anew to Indian stocks

ICAI - News 27 Oct ,2017

Indian equities, already among the top performers in Asia this year, may start drawing back foreigners after the government announced a $32-billion re

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Cafe Coffee Day to shut down 30 stores, but all set to add another 100

ICAI - News 27 Oct ,2017

Coffee Day Global-owned cafe chain Cafe Coffee Day (CCD) plans to shut around 25 to 30 stores this year. However, plans are also afoot to add around 1

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Delhi HC allows Vodafone to take part in appointing arbitrator in tax case

ICAI - News 27 Oct ,2017

The Delhi High Court allowed Vodafone Group representatives to participate in the process of appointing a presiding arbitrator in its international ar

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Infrastructure investments to rise to Rs 50 lakh cr in FY18-22, says Crisil, suggests 5 steps to ensure results

ICAI - News 27 Oct ,2017

Investments in India?s Infrastructure sectors will grow to Rs 50 lakh crore in the five fiscal years to FY22, up over a third from the previous five y

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Sebi issues new block deal window rules; minimum order size now Rs 10 cr

ICAI - News 27 Oct ,2017

Market regulator Securities and Exchange Board of India (Sebi) on Thursday revised the framework for 'block deals' by providing two separate trading w

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Govt extends date to claim GST transition credit till Nov 30

ICAI - News 27 Oct ,2017

The government on Thursday extended the deadline by a month till November 30 for businesses to claim credit of transitional stock in the Goods and Ser

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Oil steady near $52 as Saudi prince backs Opec cuts

ICAI - News 27 Oct ,2017

Oil steadied near $52 a barrel as Saudi Crown Prince Mohammed bin Salman backed the extension of Opec production cuts beyond March 2018.Futures were l

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Gold imports double in September quarter despite GST, PMLA notification

ICAI - News 27 Oct ,2017

Gold imports in the September quarter doubled despite the complications arising out of the goods and services tax (GST) implementation, money-launderi

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Railways Readies Rs 35,000-cr Plan to Fully Electrify Network by 2021

ICAI - News 27 Oct ,2017

Indian Railways has prepared a ` . 35,000-crore plan to electrify its entire network in the next four years, a move that will help save ` . 10,500 cro

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Bonds rebound, call rates end lower

ICAI - News 27 Oct ,2017

Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, while the overnight call money rates ended lower due to lack of

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$40 billion investment expected in Indian oil & gas sector in 5 years: Pradhan

ICAI - News 27 Oct ,2017

India?s oil exploration and production sector will see investments worth $40 billion over the next four to five years, petroleum and natural gas minis

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US durable goods orders rose 2.2% in Sept, vs 1.0% increase expected

ICAI - News 26 Oct ,2017

New orders for key U.S.-made capital goods increased more than expected in September and shipments rose for an eighth straight month, suggesting busin

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Cisco and Google Find Mutual Interest in Cloud Computing

ICAI - News 26 Oct ,2017

Google and Cisco Systems, two trendsetters in different eras of the internet, are joining forces as the growth of cloud computing puts new pressure on

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India slaps anti-dumping duty on some stainless steel imports

ICAI - News 26 Oct ,2017

India imposed anti-dumping duty on some cold-rolled flat products of stainless steel from China, the US, South Korea and the European Union, to curb t

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Bitcoin Is a Commodity Not a Currency, Says South Korean Central Bank Chief

ICAI - News 26 Oct ,2017

The head of South Korea's central bank has ruled out classifying bitcoin as a currency, arguing that cryptocurrencies are a form of commodity instead.

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HDFC Bank net up 20%; NPAs also rise

ICAI - News 26 Oct ,2017

HDFC Bank, India?s second-largest private lender, has posted a 20.1 per cent growth in its net profit in the quarter ended September to Rs 4,151 crore

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RBI, Centre see leap in economy

ICAI - News 26 Oct ,2017

Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday hailed the government?s bank recapitalisation plan, terming it a ?monumental step forwar

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Recap will need follow up with structural changes at PSBs: UBS

ICAI - News 26 Oct ,2017

The recapitalisation programme for public sector banks is likely to boost equity market sentiment as it fuels growth recovery hopes, but should be fol

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Southeast Asia, India turn to coal for power, imports expected to jump

ICAI - News 26 Oct ,2017

Southeast Asia and India are set to pick up the slack and drive global coal demand through 2040 as China cuts use of the fossil fuel to fight pollutio

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India's $32 billion bank recap plan spurs share gains and questions

ICAI - News 26 Oct ,2017

Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32.4 billion plan to recapitalise its state b

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Cash ban, GST to cool GDP growth to 4-year low at 6.7%, shows poll

ICAI - News 26 Oct ,2017

India?s economy will likely grow at its slowest pace in four years this financial year, a Reuters poll showed, as a currency ban and the new goods and

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Gold import double in September quarter despite GST, PMLA notification

ICAI - News 26 Oct ,2017

The gold import in the September quarter has doubled despite the challeneges faced by the industry due to GST roll out, PMLA notification and dull dem

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China says will not set target to double GDP from 2021, in change from the past

ICAI - News 26 Oct ,2017

China will not set a goal of doubling its gross domestic product starting in 2021 so it can focus more on higher-quality, long-term growth, a senior C

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ECB to curb bond-buying in first step towards end of easy money

ICAI - News 26 Oct ,2017

The European Central Bank is all but certain to cut back on its bond-buying stimulus on Thursday, taking its biggest step yet in unwinding years of l

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Indian companies raise $3.28 billion debt from overseas market in September

ICAI - News 26 Oct ,2017

Power Grid, EXIM Bank, and NTPC figure among the companies which together raised USD 3.28 billion debt from overseas markets in September, according t

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US Treasury yields rise on upbeat data, Federal Reserve chair talk

ICAI - News 26 Oct ,2017

US Treasury yields climbed on Wednesday, boosted by strong durable goods and new home sales data as well as speculation about President Donald Trump?s

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Bharatmala highway projects worth Rs 8 lakh cr to be rolled out by 2018: Nitin Gadkari

ICAI - News 26 Oct ,2017

Minister for road transport and highways Nitin Gadkari on Wednesday said highway projects worth Rs 8 lakh crore under the Bharatmala Pariyojana (BMP)

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'Bank recap may make fiscal deficit target hard to achieve'

ICAI - News 26 Oct ,2017

The massive Rs 2.11 lakh crore capital infusion in public sector banks may make the 3.2 per cent fiscal deficit target for 2017-18 difficult to achiev

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IGST relief likely for foreign banks, MNCs

ICAI - News 26 Oct ,2017

The government may be looking to give some respite to foreign banks and multinationals which are saddled with the additional cost of paying 18% integr

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Zero-Coupon Bonds, holding co may help raise Rs 1.35 lakh crore

ICAI - News 26 Oct ,2017

The government is exploring the establishment of a non-operating holding company (NOHC) to raiseRs 1.35 lakh crore through bonds to recapitalise state

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Govt announces mega Rs 2.11 lakh crore bank recapitalisation and Rs 7 lakh crore road plan

ICAI - News 26 Oct ,2017

The Centre announced a .Rs 2.1-lakh-crore capital infusion plan for state-owned banks and an ambitious road development programme to boost the economy

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Japan government keeps moderately upbeat view on economy in October

ICAI - News 26 Oct ,2017

Japan?s government maintained its moderately optimistic view on economic growth in October, indicating that a recovery remains on track due to increas

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UK economy gains pace, puts BoE rate hike firmly on track

ICAI - News 26 Oct ,2017

Britain?s sluggish economy perked up slightly during the past three months, an unexpected boost that clears the way for the Bank of England to raise i

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RCom to shut 2G biz; forces users to shift to 4G or port out

ICAI - News 26 Oct ,2017

Anil Ambani-led Reliance Communications (RCom) has asked 60 per cent of its 81 million customers to migrate from using second generation (2G) services

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Centre proposes to extend Aadhaar linking deadline to those ?willing to enrol?

ICAI - News 26 Oct ,2017

The government proposed extending the deadline for mandatory linking of Aadhaar with bank accounts and mobile phones from December 31, 2017 to March 3

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Paytm to scale up banking business

ICAI - News 26 Oct ,2017

Paytm Payments Bank, which reported losses of Rs 30 crore in its first seven months of operation till March 2017 on the back of revenues of Rs 2.47 cr

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U.S. crude slips on inventory build, gasoline rallies

ICAI - News 26 Oct ,2017

U.S. oil prices slipped on Wednesday after a surprising increase in U.S. crude inventories, while U.S. gasoline futures rallied 1 percent on a sharp f

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Non-food credit growth improves to 8.42%

ICAI - News 26 Oct ,2017

Growth in non-food bank credit improved to 8.42% year-on-year (y-o-y) during the fortnight ended October 13 from 7.46% in the previous fortnight. The

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Equis India renewables not to be put up for sale after $5 bn deal with Global Infrastructure Partners

ICAI - News 26 Oct ,2017

The proposed $5 billion acquisition of Singapore-based Equis Energy by New York-based Global Infrastructure Partners (GIP) is not expected to result i

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Govt retains GPF interest rate at 7.8% for October-December

ICAI - News 26 Oct ,2017

The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 7.8% for the October-December quarter.T

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Hindustan Unilever posts 16 per cent rise in Q2 profit

ICAI - News 26 Oct ,2017

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday reported a 16.42 per cent increase in its standalone net profit at Rs 1,276 crore for the Septemb

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What is true fiscal cost of PSBs recapitalisation bonds? Rs 9000 cr in interest burden, says CEA Arvind Subramanian

ICAI - News 26 Oct ,2017

The true fiscal cost of issuing bonds worth Rs 1.35 lakh crore to infuse capital into public-sector banks saddled with bad loans is Rs 8,000-Rs 9,000

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ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EV

ICAI - News 25 Oct ,2017

Boston-based American Tower Corp (ATC) is set to buy 20,000-odd standalone towers of Vodafone India and Idea Cellular at an enterprise valuation just

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GST, Rera bump up realtors' woes

ICAI - News 25 Oct ,2017

Nearly four months after implementation of goods and services tax (GST), developers still find themselves in a home-sales bind, unable to imbibe a tax

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RBI imposes Rs 6 crore penalty on Yes Bank, Rs 2 crore on IDFC Bank

ICAI - News 25 Oct ,2017

The Reserve Bank of India has slapped a monetary penalty of Rs 6 crore on Yes Bank and Rs 2 crore on IDFC Bank for violating regulations issued by the

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Government retains General Provident Fund interest rate at 7.8% for Oct-Dec

ICAI - News 25 Oct ,2017

The government has retained the rate of interest for General Provident Fund (GPF) and other related schemes at 7.8 per cent for the October-December q

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Disorderly Brexit risk rises but BoE to raise rates anyway

ICAI - News 25 Oct ,2017

The likelihood of a disorderly Brexit has crept higher but that won?t deter the Bank of England from raising rates next week for the first time in a d

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BOJ sees less to fret about low inflation, policy on hold

ICAI - News 25 Oct ,2017

Japan?s central bank is set to roughly maintain its price forecasts at its policy meeting next week and blame stagnant inflation on factors like corpo

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Kerala government all set to manufacture electronic hardware; may ink deals with Intel, UST Global

ICAI - News 25 Oct ,2017

The Kerala government is readying for a studied foray into electronics hardware manufacturing, after a panel on the Kerala Electronics and Hardware Mi

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?Prudent hike in MSP to keep food price inflation contained?

ICAI - News 25 Oct ,2017

The hike in minimum support prices of rabi crops is a prudent policy response and should keep food price inflation contained in the near term, says a

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India Inc welcomes move to infuse Rs 2.11 lakh crore in state-run banks

ICAI - News 25 Oct ,2017

The government's decision to infuse Rs 2.11 lakh crore in public sector banks and spend Rs 14 lakh crore on infrastructure projects has received the t

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Bad loans and stressed assets in banks estimated at $153.5 billion

ICAI - News 25 Oct ,2017

Bad loans and stressed assets in Indian Banks are estimated at 10 trillion rupees ($153.49 billion), Chief Economic Adviser Arvind Subramanian said on

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Saudi Arabia announces investments to build $500-billion mega city

ICAI - News 25 Oct ,2017

Saudi Crown Prince Mohammed bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today?s Saudi

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Bond yields, call rate dip

ICAI - News 25 Oct ,2017

Government bonds (G-Secs) recovered due to renewed demand from corporates and banks. The 6.79 per cent 10-year benchmark bond maturing in 2027 rose to

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HDFC Bank Q2 profit rises 20% to Rs4,151 crore

ICAI - News 25 Oct ,2017

HDFC Bank Ltd on Tuesday reported a 20.1% jump in its September quarter net profit due to higher net interest income and other income. The bank report

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Readymade garment exports up 25% in Sept; firms say can't sustain growth

ICAI - News 25 Oct ,2017

After seeing a fall for three months in a row, ready-made garment (RMG) exports rose by 25 per cent in rupee terms and 30 per cent in dollar terms in

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Bankers, analysts welcome recapitalisation move

ICAI - News 25 Oct ,2017

The government?s recapitalisation plan can give a big push to the anaemic credit growth in the system, as banks now will have enough money to take car

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Phillips Carbon Black lines up Rs 800 crore investment to up capacity

ICAI - News 25 Oct ,2017

After posting its best-ever quarterly results in the second quarter of the current fiscal year when net profits surged past 300 per cent at Rs 50.78 c

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RCom to shut down DTH business next month

ICAI - News 25 Oct ,2017

Reliance Communications, which is in the midst of a debt restructuring, is shutting down its direct-to-home television business from next month after

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Trai clarifies internet telephony rules, call charges to fall

ICAI - News 25 Oct ,2017

In a move that is likely to bring down voice calling charges further, sectoral regulator the Telecom Regulatory Authority of India (Trai) has clarifie

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Inequality the `Biggest Danger' for Strengthening World Economy

ICAI - News 25 Oct ,2017

As the great and the good of global economics gathered in Edinburgh at the weekend, one of the few things talked about more than Adam Smith was inequa

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ICICI Pru Life PAT flat at Rs 421 crore

ICAI - News 25 Oct ,2017

ICICI Prudential Life Insurance has reported almost flat profit after tax (PAT) in the quarter ended September 30 at Rs 421.21 crore compared to the s

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Gold prices regain glitter on jewellers? buying, global cues

ICAI - News 25 Oct ,2017

Gold prices on Tuesday made a turnaround after three days of losses, recovering by Rs60 to Rs30,510 per 10 grams at the bullion market on increased bu

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India may topple no. 2 Japan in crude steel production

ICAI - News 25 Oct ,2017

World crude steel production increased 5.6% to 141.4 million tonnes in September from a year earlier.India, which is tipped to topple Japan and emerge

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Maxed out in federal debt, foreigners find new India target

ICAI - News 25 Oct ,2017

With overseas investor limits for India?s high-yielding sovereign debt almost used up, bond funds are starting to buy up state notes. Problem is, find

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FPIs sell $1.01-bn equities in October

ICAI - News 25 Oct ,2017

Foreign Portfolio Investors (FPIs) continued their selling spree in October after offloading equities worth $3.6 billion in the last two months. So fa

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Recapitalisation bonds unlikely to make significant dent in yields

ICAI - News 25 Oct ,2017

Despite the government announcing its recapitalisation plan that includes issuance of recap bonds worth Rs 1.35 lakh crore, bond market experts believ

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BigBasket raises Rs 32.65 cr in funds from Helion Ventures; Grofers raises 96 cr from parent

ICAI - News 25 Oct ,2017

Online grocer BigBasket has raised Rs 32.65 crore from Helion Ventures Partners III through allotment of 50,000 shares at Rs 6,509.25 apiece on Septem

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Infosys Posts Surprise 7% Rise In Q2 Profit, But Cuts Revenue Guidance

ICAI - News 25 Oct ,2017

Infosys, India's second biggest IT outsourcer, today reported a net profit of Rs. 3,726 crore for the July-September quarter, beating the Street's est

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7th Pay Commission salary hikes brought this good news; see how benefit flowed

ICAI - News 25 Oct ,2017

The Centre?s overall spending grew 12% and its capex by 8% in the first half of this year. The central public enterprises (CPSEs) also lent a helping

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With Bharatmala project central to highway construction plan, Modi government clears Rs 7 lakh cr spend over 5 years

ICAI - News 25 Oct ,2017

Recognising the role highway construction can play in quick job creation, the Narendra Modi government has scaled up its plan for the sector ? a massi

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To boost job creation, power-up lending, Narendra Modi government to pump in this big amount in PSBs

ICAI - News 25 Oct ,2017

Helped by balance sheets much cleaned up under Reserve Bank of India (RBI) tutelage, public sector banks (PSBs) will have their capital base bolstered

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Order under section 119 of the Income-tax Act, 1961 in respect of extension of due date for filing of Country-by-Country Report for reporting accounting year 2016-17

Income Tax : Communications 25 Oct ,2017

Publish Date : Wednesday, October 25, 2017

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How has the Brexit vote affected the UK economy? October verdict

ICAI - News 24 Oct ,2017

Over the past month, sterling has faltered amid weak economic data and slow progress in the Brexit negotiations, despite expectations for a rate hike

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Euro zone business remained strong as prices rise sharply: PMI

ICAI - News 24 Oct ,2017

Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong eve

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Recovery depends on future initiatives by government

ICAI - News 24 Oct ,2017

The slowdown in the Indian economy has bottomed out but the pace of recovery would "critically depend" on the initiatives that the government takes fr

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Modi Cabinet approves Rs 7 lakh crore road schemes, including Bharatmala; economy extremely strong, says Arun Jaitley

ICAI - News 24 Oct ,2017

Bharatmala highway road project Live Updates: Finance Minister Arun Jaitley is set to announce a number of road connectivity projects at an estimated

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Government waives fine for delayed filing of August, September

ICAI - News 24 Oct ,2017

The government today waived penalty on delayed filing of initial GST returns for the months of August and September. ?To facilitate taxpayers, late fe

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GST collections at Rs 92,150 crore in September

ICAI - News 24 Oct ,2017

The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today.

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Banking industry wage pact unlikely by month-end

ICAI - News 24 Oct ,2017

The prospects of arriving at a wage pact between bank managements under the aegis of the Indian Banks? Association (IBA) and unions by the end of the

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PSU banks rally 3-6% on hopes of early recapitalisation plan

ICAI - News 24 Oct ,2017

Shares prices of PSU banks rallied 3-6 percent on hope of early recapitalisation plan, including issue of recapitalisation bonds.Syndicate Bank, State

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China's red-hot property market may finally be set for sustained cooling

ICAI - News 24 Oct ,2017

China's escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are

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China fiscal deficit to be under 3 percent target, says finance minister

ICAI - News 24 Oct ,2017

China's finance minister said the country's 2017 fiscal deficit will be less than the budget deficit target of 3 percent of GDP due to stronger-than-e

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Chancellor told to freeze taxes in Budget

ICAI - News 24 Oct ,2017

The British Chambers of Commerce (BCC) said Philip Hammond should help firms prepare for Brexit rather than prioritising "giveaways". The British Reta

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Dividend payouts this year are on track for a record ?94bn

ICAI - News 24 Oct ,2017

It comes after payouts leapt to ?28.5bn in the three months to September, a record for a third quarter.The increase, which includes a rise in special

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Relief for retailers as GST invoicing norms eased

ICAI - News 24 Oct ,2017

Retailers won't have to issue long invoices detailing prices and taxes for each item under the goods and services tax (GST) regime, further easing th

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Graphite India profit surges 463% in Q2

ICAI - News 24 Oct ,2017

Graphite electrode maker Graphite India has seen a 463 per cent jump in standalone net profit to Rs.90 crore for the second quarter ended September 30

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GSTN starts offline tool to record inputs sent to job workers

ICAI - News 24 Oct ,2017

GST Network today said it has launched an offline tool for businesses to quarterly file a form detailing inputs or capital goods sent to job workers a

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Schaeffler India to invest Rs.500-600 cr in expansion

ICAI - News 24 Oct ,2017

Schaeffler India, which is now in the process of merging its two entities, INA Bearings and Luk India, with itself is drawing up major expansion plan

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Fiscal, monetary discipline important, says RBI chief Urjit Patel

ICAI - News 24 Oct ,2017

Reserve Bank of India (RBI) governor Urjit Patel has said it is important for a country to maintain monetary and fiscal discipline if it is to attract

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MNCs get resident taxation relief

ICAI - News 24 Oct ,2017

Routine administrative functions by the regional headquarters in India of multinational corporations (MNCs) have been exempted from taxes under the ru

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RBI sets reference terms for task force on public credit registry

ICAI - News 24 Oct ,2017

The Reserve Bank of India (RBI) on Monday announced the composition and terms of reference of a 10-member task force on public credit registry (PCR),

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Noble Group Warns of Loss Topping $1 Billion

ICAI - News 24 Oct ,2017

Noble Group Ltd. warned of a more than $1 billion third-quarter net loss as it agreed to sell most of its oil business to Vitol Group, prolonging the

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Andhra Pradesh signs MoUs with UAE firms, $7.5-billion investment expected

ICAI - News 24 Oct ,2017

The Andhra Pradesh government on Monday signed two major deals with Dubai-based firms, which could net a total investment of $7.5 billion for the stat

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OLX revenue jumps 58%, turns profitable, puts pressure on rival Quikr

ICAI - News 24 Oct ,2017

Naspers-owned online classifieds platform OLX has become one of the first large e-commerce companies in India to turn profitable, putting even more pr

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Inter-state supply may come under GST composition

ICAI - News 24 Oct ,2017

The composition scheme for small taxpayers that offers easier compliance and a flat rate of tax looks set to be made more attractive as its ambit may

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Textile park attracts Rs 3,020-cr investments

ICAI - News 24 Oct ,2017

Korea-based Youngone Corporation, Welspun group and Gujarat-based Nandan Denim of Chiripal group have proposed to invest about Rs 2,450 crore in the n

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Hartford to buy Aetna U.S. life and disability unit for $1.45 bln

ICAI - News 24 Oct ,2017

Property and casualty insurer Hartford Financial said it would buy health insurer Aetna Inc's U.S. group life and disability unit for $1.45 billion in

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Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale

ICAI - News 24 Oct ,2017

Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calcul

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Non-power sector still faces shortage of coal

ICAI - News 24 Oct ,2017

While companies like ITC are scrambling for coal to run their units, Coal India (CIL) says that the overall fuel offtake at the state-run behemoth in

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Over 66 lakh new investors added in mutual funds in April -September period

ICAI - News 24 Oct ,2017

Showing a growing traction for mutual funds among investors, the number of folios has grown by over 66 lakh in the first six months of the current fis

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FPI investments into Indian debt nudge $22-billion mark

ICAI - News 24 Oct ,2017

Foreign portfolio investors (FPI) continue to remain upbeat on Indian debt as fund flows into the segment have nudged the $22 billion mark, according

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EESL, M&M join hands to implement energy efficient alternatives with LED

ICAI - News 24 Oct ,2017

Power Ministry-arm Energy Efficiency Services Limited (EESL) along with auto maker Mahindra & Mahindra (M&M) today announced a collaborative LED repla

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Bhel starts execution of Rs20,400 crore Yadadri plant in Telangana

ICAI - News 24 Oct ,2017

State-run power equipment maker Bharat Heavy Electricals Ltd (Bhel) Monday said it has commenced execution of Rs20,400 crore Yadadri supercritical the

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Paytm payments soar 3.5x to $1.6 bn in festive season

ICAI - News 24 Oct ,2017

The SoftBank- and Alibaba-backed Paytm on Monday claimed to have processed payments worth $1.6 billion on its platform during the festive season, betw

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Hindustan Zinc Q2 profit rises 34%

ICAI - News 24 Oct ,2017

Buoyed by higher zinc and lead prices and an exceptional gain of Rs291 crore, Hindustan Zinc Ltd (HZL) on Monday reported a 33.8% year-on-year jump in

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Government likely to achieve 3.2% fiscal deficit target: SBI

ICAI - News 24 Oct ,2017

The government is likely to achieve the fiscal deficit target of 3.2 per cent of GDP for the first time in about seven years, but may cut its capital

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Healthcare IT companies raise $5.5 billion in VC funding in Jan-Sep 2017

ICAI - News 23 Oct ,2017

Global healthare IT/digital health companies have raised USD 5.5 billion in VC funding in January-September this year, more than in all of 2016, says

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Here's why China is buying up assets in Australia

ICAI - News 23 Oct ,2017

Chinese investors are buying up assets in Australia from housing to ports to agriculture.One area where that trend is particular noticeable: Chinese i

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Toshiba sees annual loss of almost $1 bln after tax related to chip unit sale

ICAI - News 23 Oct ,2017

Embattled Japanese conglomerate Toshiba Corp said on Monday it now expects to slide to a net loss of nearly $1 billion this business year after calcul

Read More

The financial tsunami ahead

ICAI - News 23 Oct ,2017

The world is almost certain to witness a financial tsunami, warns financial analyst Ernst Wolff in his latest book, FinanzTsunami: Wie das globale Fin

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Solar costs to fall further, powering global demand - Irena

ICAI - News 23 Oct ,2017

Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International R

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Linking Aadhaar number to bank accounts is mandatory, clarifies RBI; read full statement

ICAI - News 23 Oct ,2017

A number of people are still confused whether the linking of Aadhaar number with bank account is mandatory or not. Now, after some news reports went v

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Fiscal deficit of 3.2% seems not difficult in FY18: Report

ICAI - News 23 Oct ,2017

The government is likely to achieve its fiscal deficit target of 3.2 per cent this financial year as the budgeted disinvestment receipts are on track

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Exporters can claim refund this week for GST paid in August, September

ICAI - News 23 Oct ,2017

Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of r

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Valuation rules under GST could lead to transfer pricing disputes

ICAI - News 23 Oct ,2017

As companies focus on the country?s biggest indirect tax reform ? Goods and Services Tax (GST) ? an old ghost of transfer pricing (TP) may come to hau

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CIL COAL SUPPLY TO POWER SECTOR UP 7% IN APRIL-SEPT

ICAI - News 23 Oct ,2017

Supply of coal by state-owned CIL to the power sector in the first six months of the ongoing fiscal increased 6.7 per cent to 204.5 million tonnes eve

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MFs pump $12 billion in equities, outshine FPIs' investment

ICAI - News 23 Oct ,2017

Investment by mutual funds in domestic equities touched a staggering USD 12 billion in the April-September period on strong retail investor interest,

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Mirc Electronics eyes 20-25 pc growth in next 5 years

ICAI - News 23 Oct ,2017

Mirc Electronics, which owns the Onida brand for manufacturing of electronics goods, has said it is looking to grow at 20-25 per cent for the next fi

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M&M blazes a trail, gets into top rung in large trucks? sales

ICAI - News 23 Oct ,2017

In India?s heavy-duty trucking industry, Mahindra Trucks and Buses Division has been a peripheral force for years. But in the first half of FY18, the

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Future Group keen to tap travel retail, may buy rights for WHSmith in India

ICAI - News 23 Oct ,2017

Future Group is in an advanced stage of buying out the franchise rights of British retail chain WHSmith in India from Travel News Services India (TNSI

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Kandla Port gets green nod to develop Rs 1,176 crore smart city

ICAI - News 23 Oct ,2017

State-owned Kandla Port Trust has received environment clearance for setting up a Rs 1,176-crore smart industrial port city in KutchBSE 4.96 %, Gujara

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90,000-cr port revamp, development plan finalised: Gadkari

ICAI - News 23 Oct ,2017

Union Minister Nitin Gadkari has said a blueprint of 142 expansion projects has been finalised to modernise 12 major ports and develop new harbours at

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Investors return as oil market revives

ICAI - News 23 Oct ,2017

Oil investors are back in the ring. Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on

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Gold declines as dollar recovers

ICAI - News 23 Oct ,2017

Gold fell sharply last week, giving back all the gains made the previous week. The global spot gold failed to sustain above the psychological $1,300 p

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IGST refunds for exporters start, but at a slow pace

ICAI - News 23 Oct ,2017

In some relief to exporters, tax officials have begun clearing pending refunds of Integrated Goods and Services Tax (IGST), albeit at a slow pace.Acco

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Cut in deposit rates drives investors to MFs

ICAI - News 23 Oct ,2017

Every time a bank cut its term deposit rate in the last year or so, it pushed desperate customers to increasingly look elsewhere for better-yielding a

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Food inflation: Pulses, oil offset pressure from onions, tomatoes

ICAI - News 23 Oct ,2017

Barring onions and tomatoes, prices of many other food items, particularly of pulses, ruled much below last year's level, bringing down overall food i

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FPIs infuse $2 billion in debt market this month

ICAI - News 23 Oct ,2017

Foreign investors have poured a whopping $2 billion into the Indian debt markets so far this month due to lower currency volatility coupled with "posi

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Paytm Mall does sales worth $4 bn, claims 20% of market share

ICAI - News 23 Oct ,2017

In the midst of e-commerce companies making tall claims about sales after the completion of the festive season, Paytm Mall on Sunday said that the com

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Emaar India raises Rs 500 crore debt; plans Rs 500 crore more by March

ICAI - News 23 Oct ,2017

Realty firm Emaar India has raised about Rs 500 crore debt so far this fiscal and plans to raise another Rs 500 crore by March 2018 to meet constructi

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China property sales will slow in fourth quarter, prices stable: housing minister

ICAI - News 23 Oct ,2017

China?s property sales will slow in the fourth quarter but prices will remain stable, the housing minister said on Sunday,as more signs emerge that th

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ONGC plans to raise oil output by 4 MT by 2020

ICAI - News 23 Oct ,2017

ONG has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Na

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Banking Sector Stares At Additional Rs 40,000 Crore In Bad Loans

ICAI - News 23 Oct ,2017

The banking sector fears that bad loans may increase by another Rs 40,000 crore after the central bank directed Axis Bank Ltd. to classify eight conso

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India's GVA growth may rise to 6.3% in September quarter: Nomura

ICAI - News 23 Oct ,2017

The Indian economy is expected to see a rebound in the July-September quarter of this year with a GVA growth rate of 6.3 per cent, says a Nomura repor

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How cheap Reliance Jio, Airtel offers plus affordable smartphones set online streamers Hotstar, JioPlay, Netflix on fire

ICAI - News 23 Oct ,2017

India?s app ecosystem is becoming increasingly fertile with as many as 30 apps now commanding a meaningful viewership. Although, the penetration of sm

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Maruti becomes top exporter of passenger cars from India

ICAI - News 23 Oct ,2017

Maruti Suzuki IndiaBSE 0.86 % has become the largest passenger cars exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Mo

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Notification No.26 /2017-Central Excise (N.T.)

ICAI - News 23 Oct ,2017

Assigning Jurisdictional Power to Commissioner Rank Officers in a zone for the purpose of deciding appeals pending as on 30th June 2017.

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Notification No.51/2017-Customs (ADD)

ICAI - News 23 Oct ,2017

Seeks to rescind notification No. 08/2013-Customs (ADD) dated 18.04.2013, in supersession of notification No. 56/2016-Customs (ADD) dated 21.12.2016.T

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Notification No.50/2017-Customs (ADD)

ICAI - News 23 Oct ,2017

Seeks to rescind notification No.34/2012-Customs (ADD) dated 03.07.2012, in supersession of notification No. 55/2016-Customs (ADD) dated 21.12.2016.Th

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Notification No.49/2017-Customs (ADD)

ICAI - News 23 Oct ,2017

seeks to impose definitive anti-dumping duty on the imports of " Color Coated/ Pre-Painted flat products of alloy or non-alloy steel " originating in

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Notification No.96/2017 Customs (N.T.)

ICAI - News 23 Oct ,2017

Exchange Rates Notification No.96/2017-Custom(NT) dated 18.10.2017

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Notification No.95/2017 Customs (N.T.)

ICAI - News 23 Oct ,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. 79 /2017 Customs

ICAI - News 23 Oct ,2017

Seek to amend various Customs exemption notifications to exempt Integrated Tax/Cess on import of goods under AA/EPCG. schemes

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Notification No. 78 /2017 Customs

ICAI - News 23 Oct ,2017

Seeks to exempt goods imported by EOUs from integrated tax and compensation cess

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Notification No. 77 /2017 Customs

ICAI - News 23 Oct ,2017

Customs seeks to amend notification No. 50/2017-Customs to prescribe BCD and IGST rates on certain goods

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Notification No.RBI/2017-18/80

ICAI - News 23 Oct ,2017

Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) - Aajeevika - Interest Subvention Scheme

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Notification No.RBI/2017-18/79

ICAI - News 23 Oct ,2017

Gold Monetisation Scheme, 2015

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Clarification related to guidelines for establishing 'Place of Effective Management' (PoEM) in India

Income Tax : Communications 23 Oct ,2017

Publish Date : Monday, October 23, 2017

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Revamped Islamic Economy strategy 2017-2021 on the cards

ICAI - News 18 Oct ,2017

The Dubai Islamic Economy Development Centre (DIEDC) is looking at implementing a refreshed Islamic Economy Strategy for 2017-2021 that will help real

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Details of a massive trade deal among 11 heavyweight economies may be announced next month

ICAI - News 18 Oct ,2017

Ten months after President Donald Trump abandoned what was pegged as the world's biggest trade deal, its surviving participants may be close to a new

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Axis Bank Q2 net profit rises 38 per cent to Rs 432 cr

ICAI - News 18 Oct ,2017

Private sector lender Axis Bank today reported a nearly 36 per cent increase in net profit at Rs 432 crore in the second quarter ended September despi

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German development bank KfW to prepare DPR for Vijayawada Metro project

ICAI - News 18 Oct ,2017

German development bank KfW, which is preparing the detailed project report (DPR) for the Vijayawada Metro rail project, has shortlisted five differen

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After Nicco defaults on Rs 300 cr loans, NCLT orders liquidation proceedings

ICAI - News 18 Oct ,2017

The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday ordered liquidation proceedings against Nicco Corporation after its lenders v

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Oil prices rise on tighter U.S. market, Middle East tensions

ICAI - News 18 Oct ,2017

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.Brent cr

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Central bank watching and currency bets

ICAI - News 18 Oct ,2017

Investor positioning in some of the world's biggest currencies has gone through major shifts in recent weeks as some of the world's top central banks

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India, Mozambique agree to develop Rovuma gas find

ICAI - News 18 Oct ,2017

India and Mozambique today agreed to expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports.Oil

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Gold sparkles on Diwali demand, tops Rs 31,000

ICAI - News 18 Oct ,2017

Gold prices spurted by Rs 290 to 3-week high of Rs 31,000 per 10 grams on the eve of Diwali at the bullion market today on increased buying by local j

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Surjit Bhalla upbeat about Indian economy than two weeks ago, sees growth rate of 6.5% at FY18

ICAI - News 18 Oct ,2017

India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other compan

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Ahead of Diwali, good news for Indian economy

ICAI - News 18 Oct ,2017

A series of economic data has delivered a dose of good news since the middle of last week, making it one of the best times for the Indian economy in s

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GST revenue loss: Centre pays Rs 8,698 crore to states, UTs

ICAI - News 18 Oct ,2017

The government has provisionally released Rs 8,698 crore to all states and Union territories with legislatures, barring Rajasthan and Arunachal Prades

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Chinese economy has gained strong momentum for growth: CPC

ICAI - News 18 Oct ,2017

China has full confidence in the positive long-term outlook and sound growth of its economy despite the global slowdown, the ruling Communist Party of

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UK interest rates set to rise as inflation hits 3 per cent

ICAI - News 18 Oct ,2017

Inflation in Britain has hit 3 per cent for the first since early 2012, official figures showed today ? a development that reinforces expectations tha

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Notable increase in foreign exchange purchase by India: US

ICAI - News 18 Oct ,2017

Observing that there has been a notable increase in the scale and persistence of India's net foreign exchange purchases, the US Department of Treasury

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GST hits excise-free zones; pharma, FMCG companies worried

ICAI - News 18 Oct ,2017

A new GST reimbursement scheme has left Dabur, Godrej and many other FMCG and pharmaceutical companies worried about their manufacturing operations in

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You may Get the Power to Choose Distribution Co

ICAI - News 18 Oct ,2017

The government plans to give electricity consumers the freedom to choose the supplier by enacting a new law that will bring the long-awaited system si

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Asia Fingerlix grabs US$7M more to deliver ready-to-cook food at your doorsteps

ICAI - News 18 Oct ,2017

Fingerlix, an on-demand ready-to-cook fresh food delivery brand in India, has received US$7 million in Series B round of funding from Accel Partners.Z

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United Phosphorous to invest Rs 6,000 cr on agro-chemicals plant in Dahej

ICAI - News 18 Oct ,2017

Agro-chemicals player United Phosphorous Ltd (UPL) on Tuesday announced plans to invest Rs 6,000 crore to set up a plant to manufacture agro-chemicals

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ACC Q3 net profit jumps over two-fold to Rs 181 cr

ICAI - News 18 Oct ,2017

Cement maker ACC Ltd today reported over two-fold jump in its consolidated net profit to Rs 181.53 crore for the third quarter ended September 30, mai

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Gold ETFs register Rs 388 crore outflows in April-September 2017

ICAI - News 18 Oct ,2017

Gold exchange-traded funds (ETFs) continued to lose sheen as an investment class as investors pulled out Rs 388 crore from these instruments in April-

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MFs' AUM from B15 towns rises 38% to Rs 3.8 lakh cr

ICAI - News 18 Oct ,2017

The contribution of the country's smaller towns -- known as beyond-15 cities (B15) -- to mutual funds' assets base reached to Rs 3.8 lakh crore at Sep

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Investments in foreign units fall 39%

ICAI - News 18 Oct ,2017

India Inc.?s investment in overseas ventures fell by almost 39.3% to $2.65 billion in September this year, according to the RBI data released on Tuesd

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Outstanding credit till September-end grows 14.6% on banks? participation

ICAI - News 18 Oct ,2017

Outstanding credit ? loans and bonds and commercial papers (CPs) ? grew 14.6% year-on-year (y-o-y) between September 30, 2016 and September 30, 2017.

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India Inc deals hit $47.8 bn mark in YTD 2017, up 34 pct, says Grant Thornton

ICAI - News 18 Oct ,2017

Deals sealed by Indian firms via mergers and acquisitions (M&A) as well as private equity investments saw a 34% rise on a year-to-date (YTD) basis at

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RIL-BP to invest $1.5bn in 6 satellite gas discoveries

ICAI - News 18 Oct ,2017

Reliance Industries and its partner BP will invest over $1.5 billion in six satellite gas discoveries in the KG-D6 block, the combine has said in a r

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Grasim, Arvind line up new investments in Gujarat

ICAI - News 18 Oct ,2017

Two of the country?s leading textiles and clothing companies, Aditya Birla group?s Grasim Industries and Arvind Ltd, have lined up fresh investments i

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Wipro cuts third quarter revenue guidance to 0-2%

ICAI - News 18 Oct ,2017

A reasonably good performance in the September quarter notwithstanding, software major Wipro on Tuesday toned down revenue guidance for Q3FY18 to 0-2

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WPI to average 2.8% in 2018: Nomura

ICAI - News 18 Oct ,2017

Wholesale Price Inflation is expected to moderate further in the coming months, and is likely to average 2.8% in 2018, says a Nomura report.According

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Smartphone shipments touch record high in Q2

ICAI - News 18 Oct ,2017

The shipment of smartphones grew 13 per cent year-on-year (y-o-y) during July-September to touch a record high of about 40 million units, said Counter

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Why India?s stellar exports figures are both important and encouraging

ICAI - News 17 Oct ,2017

The big lesson for emerging markets from the taper crisis of 2013 was this: Don?t go into a US tightening cycle without your exporters bringing home t

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Women representation in India Inc up 5% this year

ICAI - News 17 Oct ,2017

Indicating robust participation of women in corporate India, the number of female employees in top 100 companies in terms of best workplace for the fa

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M&A deals in pharma sector decline in 2017, amid tough business conditions

ICAI - News 17 Oct ,2017

Pharmaceutical companies have become cautious with regard to mergers and acquisitions (M&As) as business environment remains challenging due to pricin

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Diwali 2017 auto sales: Mumbai car dealers hit by slowdown in festive season

ICAI - News 17 Oct ,2017

With the festive season this year spreading over two months, most car dealers in Mumbai are witnessing a slowdown in bookings in October, compared wit

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SoftBank-Uber multi-billion-dollar deal ?very likely in next week?, says Arianna Huffington

ICAI - News 17 Oct ,2017

SoftBank?s multi-billion-dollar investment into ridesharing app Uber will be finalised ?very likely in the next week? Uber board member Arianna Huffin

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Strengthening India?s corporate bond market

ICAI - News 17 Oct ,2017

Low private investment, sputtering exports, and stunted private consumption growth have raised calls for a fiscal stimulus, with some even suggesting

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Newest outpost for US crude exports: India

ICAI - News 17 Oct ,2017

India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U

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Japan manufacturers' mood hits decade-high: Reuters Tankan

ICAI - News 17 Oct ,2017

Confidence among Japanese manufacturers rebounded in October to match a peak last seen in mid-2007, a Reuters poll found, further evidence that the ec

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British inflation at 5-1/2-year high in September, rate hike on track

ICAI - News 17 Oct ,2017

British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the B

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ECB 'confident' new global bank rules will be agreed this year

ICAI - News 17 Oct ,2017

A top European Central Bank supervisor said on Monday she was confident that new global banking rules will be agreed by the end of the year after yet

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World Bank warns Pakistan against rising fiscal deficit

ICAI - News 17 Oct ,2017

The World Bank has warned Pakistan that its increasing fiscal deficit could put macro- economic management at risk and said it needs around USD 17 bil

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India?s foreign reserves enough to cushion vulnerabilities: Development Bank of Singapore

ICAI - News 17 Oct ,2017

India?s foreign reserves, which touched a record USD 402.5 billion in September, are high enough to cushion the country against the external vulnerabi

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India likely to stick to fiscal deficit target: Surjit Bhalla

ICAI - News 17 Oct ,2017

India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other compan

Read More

Petrol, liquor, electricity and real estate set to come under GST ambit in J&K

ICAI - News 17 Oct ,2017

Jammu and Kashmir is set to bring petrol, electricity, liquor and real estate under the ambit of the Goods and Services Tax (GST), making it the first

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Goods and Services Tax: E-way bill roll-out in abeyance on IT infrastructure concerns

ICAI - News 17 Oct ,2017

As the Goods and Services Tax (GST) Council deferred the roll-out of the e-way bill in its last meeting on October 6, at the core of the deferment wer

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Dining in AC restaurants might get cheaper from next month

ICAI - News 17 Oct ,2017

Eating out at may become cheaper once again as government is reportedly planning to slash Goods and Services Tax on air-conditioned restaurants in Nov

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GTL Infrastructure to refinance Rs.4,800-cr debt in three months

ICAI - News 17 Oct ,2017

Tower company GTL Infrastructure Ltd (GTL Infra) and its associate Chennai Network Infrastructure Ltd (CNIL) are in advanced stages of discussions to

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China's central bank surprises with gravity-defying 7% growth forecast

ICAI - News 17 Oct ,2017

China's central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defyi

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Wipro Q2 results expected to be in line with forecast: Analysts

ICAI - News 17 Oct ,2017

Wipro, the country?s third-largest IT services company, is likely to achieve moderate growth for the July-September quarter (Q2) with revenue numbers

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Soaring demand for shrimp, squid power seafood exports from India to $1.42 bn in Q1

ICAI - News 17 Oct ,2017

Seafood exports from India during the first quarter of the current fiscal showed a remarkable growth to touch 2,51,735 tonne, valued at Rs 9,066.06 cr

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Micromax to foray into new segments, invest Rs 300 cr on mfg

ICAI - News 17 Oct ,2017

Micromax will foray into segments such as washing machine, refrigerator and microwave, as it plans to be a complete consumer electronics maker, a top

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Private Equity Firms Win Big From India's IPO Boom

ICAI - News 17 Oct ,2017

Amid a record year for India?s initial public offerings, it?s the private equity funds that may be celebrating the most. Private equity and venture ca

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Airtel-Tata deal beneficial but raises integration risk: S&P

ICAI - News 17 Oct ,2017

Bharti Airtel?s takeover of Tata Teleservices? consumer mobile business will bolster its subscriber and revenue market share but could raise integrati

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JSW Cement plans Rs 1,800 crore capex, IPO in 2019-20

ICAI - News 17 Oct ,2017

Sajjan Jindal-controlled, JSW Cement Limited today said it is investing around Rs 1,800 crore towards expansion of cement capacity to 20 million tonne

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After Amazon clocks $400 mn festive season sales, Flipkart $850 mn, Amazon.com pumps in $250 mn in India arm

ICAI - News 17 Oct ,2017

Global e-commerce giant Amazon.com has infused Rs 1,620 crore, or $250 million, into the Indian marketplace arm of operations ? Amazon Seller Services

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Abu Dhabi Investment Authority to invest in NIIF?s Master Fund

ICAI - News 17 Oct ,2017

The National Investment and Infrastructure Fund (NIIF) of India on Monday said it had signed an investment agreement worth $1 billion with a wholly ow

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Wholesale price inflation falls to 2.6% in September as food items soften

ICAI - News 17 Oct ,2017

Wholesale inflation fell to 2.60 percent in September as prices of food articles, led by vegetables, softened.Inflation, based on the wholesale price

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Ecommerce still lures big bucks in India, investors push in $2 bn in just 3 months

ICAI - News 17 Oct ,2017

Indian e-commerce businesses may not be breaking even just yet but big-ticket transactions by private equity (PE) and venture capital (VC) players dro

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Federal Bank Q2 net profit rises 31% to Rs263.70 crore

ICAI - News 17 Oct ,2017

Federal Bank Ltd on Monday reported a 31% jump in its September quarter net profit due to improved asset quality and higher net interest income.The ba

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IMG hits out at Trai over spectrum pricing, seeks relief for telcos

ICAI - News 17 Oct ,2017

The inter-ministerial group (IMG) on telecom, which recently sent its recommendations to the government on remedial measures to help financially stres

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Odisha government department signs MOU with SBI

ICAI - News 16 Oct ,2017

The Odisha government's Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cybe

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Telcom sector competition to remain intense over 12-18 mths: Moody's

ICAI - News 16 Oct ,2017

Competition in the Indian telecom sector is expected to remain intense over 12-18 months despite consolidation as leading operators look to safeguard

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FPIs invest $1.5 billion in debt markets in Oct so far

ICAI - News 16 Oct ,2017

Overseas investors have pumped a staggering USD 1.5 billion into the country's debt markets in the first two weeks of this month, primarily due to "po

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Corporate governance: Recommendations of Sebi panel may impact listed firms

ICAI - News 16 Oct ,2017

The large-scale changes proposed by the Securities and Exchange Board of India (Sebi) panel, headed by Kotak Mahindra Bank Vice-Chairman and Managing

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Banks begin to accept GST input claims to grant working capital

ICAI - News 16 Oct ,2017

More than 90 days after the roll-out of the goods and services tax (GST), lenders are gravitating to sanctioning working capital loans, especially to

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Federal Bank second-quarter profit rises, beats estimates

ICAI - News 16 Oct ,2017

Federal Bank Ltd (FED.NS) posted a 31 percent rise in second-quarter net profit, helped by lower provisions for bad loans.Net profit rose to 2.64 bill

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Asia oil buyers turn to U.S. in hunt for cheap supply

ICAI - News 16 Oct ,2017

Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurri

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FinMin may finalise capital infusion plan for PSBs by December

ICAI - News 16 Oct ,2017

The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, accord

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Bharti Airtel, Millicom close deal to combine Ghana operations

ICAI - News 16 Oct ,2017

Telecom operator Bharti AirtelBSE 4.96 % and Millicom International Cellular today announced completion of a deal to combine their operations in Ghana

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Equity mutual fund inflow triples to Rs 80,000 crore in April-September 2017

ICAI - News 16 Oct ,2017

Equity mutual funds registered an inflow of over Rs 80,000 crore in April-September 2017, a three-fold growth from the year-ago period, mainly due to

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Australia's household debt is rising ? but its treasurer says the situation is under control

ICAI - News 16 Oct ,2017

Household debt in Australia has been on the rise as more people are taking out loans to buy houses in the country's red-hot property market. But Austr

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Inflation 'to cause ?300 benefit squeeze'- think tank

ICAI - News 16 Oct ,2017

September's inflation data will be released on Tuesday, and some analysts predict the Consumer Price Index (CPI) will be 2.9%.The Resolution Foundatio

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Boston Fed President Eric Rosengren sees three to four rate hikes next year

ICAI - News 16 Oct ,2017

The Federal Reserve will probably need to raise interest rates in December and then three of four times ?over the course of next year,? assuming the U

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Bad loan recast failures portend more pain for banks as India?s economy is forecast to slow to a 4-year low

ICAI - News 16 Oct ,2017

Sagging economic growth in India is complicating efforts to clean up a mountain of bad debt at the nation?s banks. Loans worth 1.7 trillion rupees ($2

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Gold import surges to $17bn in April-September

ICAI - News 16 Oct ,2017

Gold import surged by more than two folds to $16.95 billion during the first half of FY18, according to the commerce ministry data. Gold import, which

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India starts on implementation of motor pact with Bangladesh, Nepal

ICAI - News 16 Oct ,2017

India has embarked on implementation of the BBIN motor pact with Bangladesh and Nepal, Union Minister Nitin Gadkari said today. India in June 2015 had

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India's WPI inflation eases to 2.60 percent in September

ICAI - News 16 Oct ,2017

India's annual wholesale price inflation eased to 2.60 percent in September from the provisional 3.24 percent in the previous month, dragged down by s

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GST on AC restaurants may be brought down to 12%

ICAI - News 16 Oct ,2017

Himanta Biswa Sarma-led five member GoM on GST composition scheme held its first meeting yesterday, during which they reportedly discussed GST rates f

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Expect NBFCs to report 15-32% growth in quarterly earnings

ICAI - News 16 Oct ,2017

Non-banking finance companies are expected to report 15-32 per cent growth in earnings for the last quarter, as affordable housing and consumer lendin

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Led by Chinese, Investors to Pour $85 B into India

ICAI - News 16 Oct ,2017

Sany Heavy Industry heads up a list of close to 600 companies planning to invest a total of about $85 billion in India in projects that will create an

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Reliance Jio likely to post profit next fiscal on more users, strong ARPU: Analysts

ICAI - News 16 Oct ,2017

Reliance Jio Infocomm is expected to post a net profit next fiscal on the back of strong user additions and higher average revenue per user (ARPU), a

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Karnataka Bank Q2 down 25% at Rs 93 cr despite strong operating show

ICAI - News 16 Oct ,2017

Mangaluru-based private sector Karnataka Bank has posted a net profit of Rs 93.38 crore during the second quarter of the current financial year.Though

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RJio is set to overtake Vodafone as second-biggest player in urban India

ICAI - News 16 Oct ,2017

Within just one year of operations, Reliance Jio is set to overtake Vodafone to become the second-biggest operator in terms of subscribers in urban ar

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Bond market braces for extra borrowing

ICAI - News 16 Oct ,2017

The bond market is quite sure the government will have to come to it for borrowing more, to bridge the fiscal deficit target gap. The target is 3.2

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Honda Cars India bets on components exports from India

ICAI - News 16 Oct ,2017

Japanese car major Honda Cars India saw a 164 per cent jump in component exports from India last financial year when compared to 2013-14. Component ex

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JSPL on recovery path amid insolvency turmoil in sector

ICAI - News 16 Oct ,2017

Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) is looking at a recovery after paying back more than Rs 10,000 crore in interest and Rs 6,000

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Sanjiv Goenka group looks at FMCG buys

ICAI - News 16 Oct ,2017

The RP-Sanjiv Goenka Group has ambitious plans for the newest entrant in its business, fast-moving consumer goods (FMCG).Launched this April, the busi

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GST on real estate likely to be a lengthy journey

ICAI - News 16 Oct ,2017

Bringing real estate under the goods and services tax (GST) could take much longer than expected, even as finance ministers are slated to discuss the

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RIL exits Myanmar blocks, gives up last conventional oil & gas asset abroad

ICAI - News 16 Oct ,2017

Mukesh Ambani-led Reliance Industries Ltd (RIL) has exited its last overseas conventional oil and gas assets by relinquishing two blocks in Myanmar. H

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IMF panel says 'no room for complacency' on global growth

ICAI - News 16 Oct ,2017

The IMF?s steering committee warned that global growth is at risk of faltering in coming years given uncomfortably low inflation and rising geopolitic

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Slowdown bottomed out, GDP likely to grow 7% in FY18

ICAI - News 16 Oct ,2017

Niti Aayog Vice Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7% thi

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Sept trade deficit narrows to 7-mth low of $8.98 bn; export soars 25.67%

ICAI - News 14 Oct ,2017

India's trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday. Merchandise exports for Se

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BOJ's Kuroda says no signs of excesses building in markets

ICAI - News 14 Oct ,2017

Bank of Japan Governor Haruhiko Kuroda said on Friday he did not see any signs of bubbles or excesses building up in U.S., European and Japanese marke

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Saudi Aramco in stake sale talks with Chinese investor

ICAI - News 14 Oct ,2017

Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed bey

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Spain's warning on economic growth as Catalan crisis persists

ICAI - News 14 Oct ,2017

The International Monetary Fund and the Spanish government warned Friday the country's economic growth could be dealt a blow if Catalonia's drive to b

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Growth gathering momentum, but where's the inflation?

ICAI - News 14 Oct ,2017

The euro zone economy may be building up an impressive head of steam that shows no signs of cooling, but what policymakers at the European Central Ban

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G-20 finance chiefs, upbeat on world economy, affirm coordination over risks

ICAI - News 14 Oct ,2017

Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in coping with risk factors to the world economy ? such as

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September Trade Data: Oil imports rise 18.5%; Gold imports fall 5%

ICAI - News 14 Oct ,2017

Exports in the month of September rose by more than 25% as compared to previous fiscal to $28.61 billion. Oil imports increased by more than 18.5% to

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RBI: Additional provisioning for bankruptcy cases not ?unusually large?

ICAI - News 14 Oct ,2017

Additional provisioning requirement for stressed accounts being referred for bankruptcy proceedings is ?nothing unusually large? and capital inadequac

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IMF favors three structural reforms in India

ICAI - News 14 Oct ,2017

The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, c

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GST: Tax department seeks details of transitional credit data

ICAI - News 14 Oct ,2017

The tax department has sought explanations from banks and financial institutions, including multinationals, on transitional credit claimed by them in

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Need stronger bank balance sheets to tackle NPAs: RBI Deputy Governor N S Vishwanathan

ICAI - News 14 Oct ,2017

Reserve Bank of India Deputy Governor N S Vishwanathan today stressed on the need to strengthen the balance sheets of banks to deal with the "serious

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3 months into GST, exports grow over 25%

ICAI - News 14 Oct ,2017

Exports grew at a six-month-high rate of 25.7 per cent in September year-on-year, maintaining the momentum of 13 months of interrupted rise and despit

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India, Sweden launch initiative for start-ups

ICAI - News 14 Oct ,2017

India and Sweden are putting in place a mechanism to foster greater cooperation among start-ups and help them enter each other?s markets.?A Sweden-Ind

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EESL to retrofit appliances in AP courts

ICAI - News 14 Oct ,2017

Energy Efficiency Services Ltd has entered into an agreement to retrofit appliances for energy effciency in the law courts across Andhra Pradesh.The p

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Madhya Pradesh government cuts VAT on petrol, diesel

ICAI - News 14 Oct ,2017

The Madhya Pradesh government on Friday reduced value-added tax (VAT) on petrol and diesel by 3% and 5%, respectively. The state government also withd

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Telecom sector set for three-way battle

ICAI - News 14 Oct ,2017

The ongoing shake-up in the telecom sector has set the stage for a three-way battle between Airtel, Reliance Jio and the Vodafone-Idea combine. At sta

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Reliance Retail posts 68% growth in pre-tax profit

ICAI - News 14 Oct ,2017

Reliance Retail, the organised retail arm of Reliance Industries, on Friday reported a 68.2% year-on-year jump in its pre-tax profit at Rs 444 crore f

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India should prioritise public banking sector reforms: IMF

ICAI - News 14 Oct ,2017

India must prioritise implementation of public banking sector structural reforms, enhance the efficiency of labour and product markets, and modernise

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Bank of America profit rises on higher rates, lower costs

ICAI - News 14 Oct ,2017

Bank of America (BofA) beat expectations with a 15 per cent rise in third-quarter profit on Friday as the second-largest US lender kept a tight leash

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Oil rallies nearly 2 percent on China import boost, U.S.-Iran tensions

ICAI - News 14 Oct ,2017

Oil prices on Friday closed at their highest level in October on bullish news from strong Chinese oil imports, U.S. President Donald Trump?s decision

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Gold jewellery biz may lose shine this Dhanteras due to GST

ICAI - News 14 Oct ,2017

Jewellery may lose a bit of its lustre this Dhanteras compared to last year due to confusion over GST-compliance but jewellers have lined up discount

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FPIs sell equities worth $698 million in October

ICAI - News 14 Oct ,2017

Foreign Portfolio Investors (FPIs) continued their selling spree in October after offloading equities worth $ 3.6 billion in the last two months. So f

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Foreign exchange reserves in India fall to $398 bn, RBI data shows

ICAI - News