Here's what GST Council may announce today after the crucial meet
Uploading Date : 18-01-2018A fortnight ahead of the Union Budget, the Goods and Services Tax (GST) Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the loopholes. A fitment committee of officers has made these recommendations to the Council, which will meet on Thursday.
See full article
India sets up $350 million fund for International Solar Alliance
Uploading Date : 18-01-2018In order to kick-start fund mobilisation under the International Solar Alliance (ISA), the Indian government will set up a $350 million development fund for financing solar projects. It was announced by R K Singh, minister of power and new & renewable energy at the first ever outreach program of ISA in Abu Dhabi's World Future Energy Summit (WFES) 2018.
See full article
HDFC raises Rs 111 billion from marquee investors
Uploading Date : 13-01-2018HDFC Ltd on Saturday said in a filing that it would issue 64.3 million shares to a set of marquee investors to raise at least Rs 111.04 billion. The plan is to raise an amount not exceeding Rs 130 billion, including a QIP offering of Rs 18.9 billion, the largest mortgage finance company said. The per share price works out to be Rs 1726.05, based on SEBI pricing formula.
See full article
UBS, Deutsche Bank cheer for TCS shares after Q3 earnings beat street estimates
Uploading Date : 12-01-2018Global brokerages UBS and Deutsche Bank reiterated their bullishness on the shares of Tata Consultancy Services, after India’s largest IT firm Tata Consultancy Services third quarter earnings ending December-17 beat street estimates.
See full article
GE Power India hits 52-week high on order win of Rs 8,183 million
Uploading Date : 11-01-2018GE Power India hits 52-week high of Rs 915, up 7.4% on BSE in intra-day trade, after the company said it has received an order worth of Rs 8,183 million from Navayuga Engineering Company.
See full article
What’s behind Reliance Jio’s zig-zag pricing moves?
Uploading Date : 09-01-2018Reliance Jio’s flagship 84-day plan will now cost Rs399, entirely negating the 15% tariff hike in October. Perhaps it is worried of losing subscribers if it pushes tariffs higher than the Rs399 levels.
See full article
Macro troubles: Why the Indian economy faces an ominous New Year in 2018
Uploading Date : 08-01-2018You’d think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions -- Prime Minister Narendra Modi’s decision just over a year ago to withdraw 86 percent of the currency in circulation, and the poorly-planned rollout in the middle of 2017 of a new goods-and-services tax.
See full article
Tata Steel’s Q3 saleable steel output dips 1.2% to 3.24 MT
Uploading Date : 06-01-2018Tata Steel on Friday reported a marginal 1.2% drop in saleable steel production in the country to 3.24 million tonnes (MT) for the third quarter of the ongoing fiscal.
See full article