Next edition of consolidated FDI policy on anvil
The Commerce and Industry Ministry is planning to release the next edition of its consolidated FDI policy document soon, incorporating all the changes made over the past year. “The next edition of the consolidated FDI policy circular of 2017 is due to be issued this year, which would incorporate all...
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Voda, Idea begin talks to create India's largest telecom firm
31 January 2017 | Madhusudan Sahoo -
Piramal Enterprises to demerge financial services, healthcare
31 January 2017 | PTI -
RJIO free offer violates TRAI tariff orders: Voda to HC
31 January 2017 | PTI -
DoT may seek clarification on Rs3,050 cr fine from Trai
31 January 2017 | PTI -
Union Budget 2017-18 may look to soften note ban woes by tax relief
31 January 2017 | PTI -
Budget documents to provide 'composite' outflow on schemes
31 January 2017 | PTI -
lenders put 55% stake in GMR Rajahmundry Energy on the block
31 January 2017 | PTI
Apply same rule for all players: Spicejet on OTP system review
With the aviation regulator DGCA reviewing airlines’ on-time performance (OTP) mechanism at four airports, budget carrier SpiceJet today called for applying same rules for all players and making the system more efficient. “If data is challenged, do it in a better way ... As long as rules are same for everybody,...
India Post Payments Bank launched with pilot services in Raipur, Ranchi
After Bharti Airtel and Paytm, State-owned India Post Payments Bank kick-started its operations by beginning its pilot services in both Raipur and Ranchi on Monday, offering attractive interest rate upto 5.5 per cent for its depositors. The payments bank expects to expand its footprint to over 650 branches across the...
Service Tax Deptartment to auction Mallya's aircraft on March 15-16
The Service Tax Department will auction liquor baron Vijay Mallya-led now-defunct Kingfisher Airlines' corporate jet in March to recover dues of Rs535 crore. The department in Mumbai has invited online global bids for sale of Corporate Jet Airbus A319 stationed at the Mumbai International Airport belonging to Kingfisher Airlines, which...
Suspicious bank deposits: I-T dept floats tender for MSPs
In an attempt to identify the fake deposits and resultant tax evasion during the note-ban period, the Income Tax department has floated a request for proposal to select two managed service providers (MSPs) for data analytics. As per the RFP or the request for proposal, the department intends to select two...
HDFC net inches up 13% to Rs2,729 cr as NPAs rise marginally
Mortgage leader HDFC on Monday reported a 13 per cent rise in consolidated net profit at Rs2,728.66 crore for the December quarter, driven by a healthy improvement in credit off-take and higher margins that to some extent was whittled down by a marginal rise in dud assets. On a standalone basis,...
Toyota loses top-selling automaker crown in 2016 to Volkswagen
Toyota lost its crown as the world’s top-selling automaker in 2016, company figures showed on Monday, with the Japanese giant overtaken by Volkswagen as the industry prepares for an uncertain trade environment under US President Donald Trump. The German automaker moved back into the top spot despite being hit by a...
SAIl in talks with CIl over coking coal price hike
Worried over domestic coking coal price hike effected by state-owned CIl, the country’s largest steel maker SAIl on Monday said it is in negotiations with the miner on the issue as it is difficult for the company to absorb the increase. “We are under negotiations with them and working model...
