Business news

Zomato, Pune restaurant fined Rs 55,000 for serving non-veg food to vegetarian

Shanmukh Deshmukh had approached a court after he was served butter chicken on an order of paneer butter masala.

Jul 8, 2019

World's largest solar power plant to be built in Abu Dhabi, start commercial operations in 2022

The successful bidder will hold a 40 per cent stake in the project and the rest will be distributed among the local suppliers and partners.

Jul 7, 2019

Sajjan Jindal-led JSW Energy terminates Rs 6,500 cr deal with JSPL

Jindal Power had submitted the lowest tariff of about Rs 4.41 for the supply of power in its initial years.

Jul 7, 2019

air india, qatar airways, atf prices in india, jet fuel prices in india, indian civil aviation, domestic air traffic

Modi govt looks to sell 100% Air India shares in new sell-off process

Niti Aayog had suggested the option during the first sell-off process but the government had put 75 per cent of the stake on sale.

Jul 7, 2019

ACME Solar terminates deal with NTPC for 600 MW project, wants bank guarantee refund in 3 days

NTPC has decided to reduce the tariff by 31 paise from the allotted tariff of Rs 2.59 per unit if Acme denies the imposition of the safeguard duty.

Jul 7, 2019

Here's how some of the proposals in Budget 2019 might turn against Modi govt

There were some of the proposals and amendments that were made by the finance minister and might turn against the government goodwill.

Jul 5, 2019

Union Budget 2019: Sitharaman increases the financial outlay for defence

Sitharaman's omission of defence allocation in speech surprised many, she being a former defence minister, but the finance minister defended her choice of highlights for the speech at the post-budget press conference

Jul 5, 2019

Union Budget 2019: What spooked the market despite Sitharaman's reform refrain?

Benchmark indices slumped as Finance Minister Nirmala Sitharaman's speech progressed after a brief surge ahead of the presentation.

Jul 5, 2019

Budget 2019: Raise in import duties on gold, other precious metals

Shares of jewellery makers such as Titan and PC Jeweller fell as much as 5 percent after the announcement.

Jul 5, 2019

Budget 2019: Petrol, diesel price to rise by Rs 2/litre after the cess hike

The finance minister Nirmala Sitharaman has proposed to increase the Special Additional Excise Duty (SAED) as well as Road and Infrastructure Cess by Re 1 per litre on automobile fuels.

Jul 5, 2019

Budget 2019: 2% TDS on cash withdrawal exceeding Rs 1 crore yearly

The Finance Minister proposed that tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year.

Jul 5, 2019

Indian-origin banker gets 13 years in Singapore jail for siphoning US$10 million from client's accounts

Kale Jagdish Purushottam (43) plead guilty to 20 forgery and cheating charges. He also plead guilty to 30 charges under the Computer Misuse Act where he had siphoned USD 10 million. There were more than 500 other charges taken into account during Kale's sentencing.

Jul 5, 2019