Economy News

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Smoke alarm: Cigarette cess spooks markets, bears strike in the guise of ITC, Reliance

Biggest fall since November 2016 as Nifty ends below 9,850; BSE Sensex dragged down by index heavyweights ITC and Reliance Industries.

Jul 18, 2017

Legal spillover: RIL, ONGC, Shell told to shell out $3 bn in fines

The dispute over the government's share of profit petroleum and royalty from the PMT fields has raged for many years.

Jul 18, 2017

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State Bank of India warns account holders over Aadhaar

The message by SBI to account holders was sent on a day the Supreme Court referred all Aadhaar-related matters to a nine-judge bench.

Jul 18, 2017

State of realty: Rotten foundations? Yes; unreal expectations? No

Prices haven't really dropped, new project launches are on full steam, but real estate inventories are more or less intact as demand stays down.

Jul 17, 2017

GST Council increases cess on cigarettes

"In first 15 days of GST implementation, it was noted that the 28 pc tax rate plus compensation cess on cigarettes when translated, the impact of cascading effect had not adequately factored in, resulting in windfall gain for the cigarette companies," finance minister Arun Jaitley said.

Jul 17, 2017

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it

Jul 17, 2017

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Number of PSBs may go down to 12 as govt mulls consolidation

The 21 public sector banks are expected to be consolidated to 10-12 in the medium term.

Jul 17, 2017

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Metro rail projects to give massive boost to construction sector: Report

Ratings agency ICRA estimates that expanding metro rail network projects are poised to give a Rs 2.5 lakh crore fillip to the construction industry in India.

Jul 17, 2017

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team.

Jul 17, 2017

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GST conundrum upsets $244 billion tourism, textile sectors: Report

The tourism sector provides jobs to around 13 million people while about 45 million workers are employed by the textile industry.

Jul 17, 2017

China second-quarter GDP growth tops forecasts on strong investment, consumption

China's economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, the National Bureau of Statistics said on Monday.

Jul 17, 2017

Bitcoin market capitalisation on July 16, 2017

The flip side: Bitcoin, Ether prices wilt, and new questions emerge

Market uncertainty and fundraises by companies using crypto-currency spark selling pressures

Jul 16, 2017

GSTN portal to be ready for invoice uploading from July 24

Invoices for transactions above Rs 200 need to be generated on the GST network with records of serial numbers to claim input tax credit.

Jul 16, 2017

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Exports up for 10th month in June, but at slower rate of 4.4%

Cumulative trade deficit almost doubled in June to $40 billion riding on the back of rising gold imports.

Jul 15, 2017

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Gone with the wind? Inox Wind becomes first insolvency case in wind energy

Operational creditor Jeena & Company submitted to the company law tribunal that Inox Wind has outstanding payments of Rs 57.5 lakh as of March 25, 2017.

Jul 15, 2017

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Economy News

Smoke alarm: Cigarette cess spooks markets, bears strike in the guise of ITC, Reliance

Legal spillover: RIL, ONGC, Shell told to shell out $3 bn in fines

State Bank of India warns account holders over Aadhaar

State of realty: Rotten foundations? Yes; unreal expectations? No

GST Council increases cess on cigarettes

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Number of PSBs may go down to 12 as govt mulls consolidation

Metro rail projects to give massive boost to construction sector: Report

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

GST conundrum upsets $244 billion tourism, textile sectors: Report

China second-quarter GDP growth tops forecasts on strong investment, consumption

The flip side: Bitcoin, Ether prices wilt, and new questions emerge

GSTN portal to be ready for invoice uploading from July 24

Exports up for 10th month in June, but at slower rate of 4.4%

Gone with the wind? Inox Wind becomes first insolvency case in wind energy

TV artist killed in terrorist attack in Budgam; nephew injured [details]

Gupkar Alliance echoes in Pakistan's voice after Court's verdict on Yasin Malik [details]

Deepika Padukone's trouble to manage orange gown at Cannes grabs eyes; gets trolled [details]

WATCH: Virat Kohli urges for privacy from cameraman while wearing abdomen guard; video goes viral

Yasin Malik sentenced to life imprisonment in terror funding case; death penalty likely in Jammu case [details]