Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Thursday, June 20, 2019

money

Efforts to further simplify GST to continue

The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said on Thursday...

Revenue will be billions below forecast, says Huawei founder

Huawei's founder likened his company to a badly damaged plane on Monday and said revenues will be USD 30 billion less than forecast over the next two...

Forex reserves nearing lifetime high

Inching closer to its historic peak, India's forex kitty increased by USD 1.686 billion to USD 423.554 billion for the week to June 7, RBI data showe...

India ad spend likely to be Rs 697 billion in 2019: Report

Advertising spend in India is likely to rise by 11.4 per cent to Rs 697 billion in 2019, driven by key events such as the ongoing cricket world cup a...

Fund transfers via RTGS, NEFT to cost less from Jul 1: RBI

The Reserve Bank of India said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass o...

Bring down corporate tax to 18% sans exemptions: CII

Industry body CII has made a case for bringing down the corporate tax rate to 18 per cent along with elimination of all exemptions saying it will not...

Need a relook at tax on hybrid vehicles in India: Toyota

Hybrid vehicle sales in India are restricted by high taxation and unless it is reduced, volumes of such cars will remain low, a top official of Toyot...

UN's financial crisis real, we need a solution that works: India

India, which is owed USD 38 million by the United Nations for peacekeeping operations, has called for a comprehensive solution to address the 'real' ...

Rising growth concerns prompted third rate cut: RBI governor

The third successive rate cut of 0.25 percent is a 'decisive and timely' move to address the rising growth concerns, and a rate hike is off the table...

RBI cuts lending rate by 0.25% to push growth

To give a boost to the sagging economy, the Reserve Bank of India  on Thursday lowered its benchmark lending rate to a nearly nine-year low of 5...

Trump evaded taxes in Panama: Hotel investor

The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday that the U.S president's company misrepresented fina...

6 of top-10 firms add Rs 99,994 cr in m-cap; TCS leads

Six of the 10 most valued Indian companies together added Rs 99,994.06 crore in market valuation last week, with Tata Consultancy Services (TCS) topp...

HAL records all-time high turnover of Rs 19,705 cr

State-run aerospace major Hindustan Aeronautics Limited (HAL) has posted an all-time high turnover of Rs 19,705 crore, registering a growth of 7.8 pe...

Reform potential of new govt to improve foreign capital flow: S&P

S&P Global Ratings said following a decisive victory for the incumbent government, there will be continuity as well as policy stability and will ...

Provide names of big loan defaulters: CIC to RBI

The Central Information Commission (CIC) has directed the Reserve Bank of India to disclose the list of big loan defaulters it had sent to banks for ...

Looking forward to working with new govt of PM Modi: IMF

The IMF is looking forward to working with the new government of Prime Minister Narendra Modi, a top official said on Friday, asserting that India's ...

Forex reserves up by USD 1.36 bn to USD 420.05 bn

The country's foreign exchange reserves rose by USD 1.368 billion to reach USD 420.055 billion in the week to May 10 on account of a rise in foreign ...

Rupee gains 23 paise to 70.21 versus US dollar in early trade

The rupee appreciated by 23 paise to 70.21 against the US dollar in opening trade on Wednesday, driven by easing crude prices, higher opening in dome...

FinMin reworking strategic sale procedure for CPSEs

The finance ministry is reworking strategic sale procedure to ensure outright sale of CPSEs within 4 months of issuance of documents to potential inv...

Hinduja brothers top U.K rich list

Indian-origin brothers dominate the annual rich list of Britain's wealthiest, with the Hinduja brothers ranked at No.1 with a fortune of 22 billion p...

Forex reserves up by USD 171.9 mn to USD 418.7 bn

Country's foreign exchange reserves increased by USD 171.9 million to USD 418.687 billion in the week to May 3, mainly on account of a rise in foreig...

Trump's taxes show losses of $1.7 billion over decade: Report

President Donald Trump's taxes show that he lost 1.7 billion over a decade starting in the mid-1980s, 'The New York Times' reported on Tuesday. Trump...

Rupee rises 32 paise to 69.70 versus US dollar in early trade

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade on Tuesday, amid easing crude prices and weakening of the greenback...

Majority of new companies yield good returns in 2019; gain up to 21%

A majority of the newly-listed companies are trading well above their issue price, giving investors returns of up to 21 per cent in 2019. Since the s...

Forex reserves decline by USD 739 mn to USD 414.14 bn

After rising for the past many weeks, the country's foreign exchange reserves declined by USD 739.2 million to USD 414.147 billion in the week to Apr...

HDFC Life Insurance net profit rises 5% to Rs 364 cr in March quarter

HDFC Standard Life Insurance reported a 5 per cent rise in standalone net profit to Rs 364.01 crore for the fourth quarter ended March 31. It had reg...

FinMin ratifies 8.65% interest on EPF for 2018-19

The Finance Ministry has approved 8.65 per cent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as decided by retirement fund body EP...

Rupee rises 16 paise to 70.09 against US dollar in early trade

The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade on Friday, driven by positive opening in domestic equities and weakeni...

Rupee tumbles 22 paise against US dollar on crude concerns

The rupee on Thursday slumped 22 paise to 70.08 against the US dollar in early trade on rising global crude prices and fresh demand for the American ...