Tuesday , January 24 2017

Tag Archives: Business news

Sensex bounces, metal stocks lead gains


Mumbai: Investors went on bargain hunting today that aided the benchmark Sensex stage an uncertain recovery at 27,117 at the close as hopes grew that the upcoming Budget on February 1 would contain steps that can affluence the impact of the cash ban. The market, which continued range-bound for the ...

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Govt asks Aircel to port 2G customers if SC orders adverse


Aircel directive applies only for only 2G administered spectrums in about 14 circles. New Delhi: The government has requested Aircel to aid its 2G mobile customers to port their numbers to other telephonic operators in case the Supreme Court was to give out an adverse order. The Supreme Court had previously ...

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Arun Jaitley begins Budget process with halwa

Arun Jaitley

Finance minister Arun Jaitley kicked off the process of printing of budget on Thursday with the traditional halwa ceremony at the North Block New Delhi: Even as the EC is yet to give a decision whether Union budget could be presented on February 1, Finance minister Arun Jaitley kicked off ...

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Flipkart launches safety feature for delivery staff


Flipkart unveiled Project Nanjunda, a unique SOS button in the Field Executive’s Mobile app. New Delhi: E-commerce giant Flipkart has launched an SOS button to help its field executives raise quick alarm in cases of medical or safety emergencies. “To ensure greater safety for Field Executives (FEs), popularly known as ...

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Labour intensive sectors may get easy credit flow soon

Labour intensive

DIPP and Department of Financial Services among others will meet on January 23 to discuss Labour intensive issue New Delhi: Labour intensive in sectors like gems & jewellery and textiles may soon get easy flow of credit as the government is working on the subject on account of demonetization. Top officials ...

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States demand Rs 90,000 crore compensation to pass GST


Earlier it was agreed that a Rs 55,000 crore GST recompense fund would be created by levying cess New Delhi: The GST Council meeting on Tuesday got hit over states demanding taxation rights for sales in high seas and demand that more things should be brought under cess to recompense ...

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CAIT wants govt to review implementation of MUDRA Yojana


Large number of small traders are incapable to obtain loans under the MUDRA Yojana scheme New Delhi: Traders’ body CAIT (Confederation of All India Traders) has recommended the government to review the implementation of MUDRA Yojana, appealing that a large number of small traders are incapable to obtain loans under the ...

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CBDT extends deadline for tax settlement scheme till Jan 31


The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is paid. New Delhi: Providing the companies like Vodafone and Cairn Energy one more month to accept its offer to pay retro tax disputes, the government has prolonged till January 31 its one-time ...

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UCWeb appoints Damon Xi as UCWeb India GM


UCWeb, an Alibaba Mobile Business Group organization today has announced the selection of Damon Xi as the General Manager for UCWeb in India. This change will solidify Damon in charge of the tactical alliance and business growth for the commercial in India. Kenny Ye, General Manager of Overseas Business, Alibaba ...

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Loans against property pose increasing risks: Moody’s


Moody’s Investors Service on Friday stated the complete asset profile of property retail loan portfolio of banks is constant although risks are increasing in the non-traditional loan against property section. “Growth in loan against property (LAP) loans has outstripped overall retail credit growth in recent years, but moderately loose underwriting ...

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