Business News
Two lakh shell companies deregistered, their bank ops restricted for illicit fund flows
About the directors and signatories of the over Two.09 lakh firms, the government said they would not be able to operate bank accounts of such companies till these entities are legally restored
DGCA likely to ground over one hundred thirty pilots, four hundred thirty team members of Air India for skipping alcohol test
The Directorate General of Civil Aviation (DGCA) is likely to ground over one hundred thirty pilots and four hundred thirty cabin team members of national carrier Air India for allegedly skipping the mandatory pre- and post-flight alcohol test
Employees’ interest to be safeguarded in Air India divestment, says Aviation Minister Gajapathi Raju
Air India and its subsidiaries have almost 20,000 employees with 11,500 being on the airline’s payroll
Twitter faces rage of netizens for its ‘fresh’ terms of service
Twitter’s fresh terms of service evidently permit other companies to re-publish content on its platform without any compensation
IDBI Bank moves SC against stay on insolvency proceedings against Jaypee Infratech
The Supreme Court on Tuesday agreed to hear IDBI Bank’s prayer seeking modification of its order staying insolvency proceedings against embattled real estate rock hard Jaypee Infratech on September 11
SC seeks details of complaints to Google, Facaebook, WhatsApp on child porn, rape content
The apex court asked them to provide such details they received last year and this year till August thirty one and also about the act taken by them on such complaints
GST come back filing deadline extended till September ten
Many GST assessees had complained of being incapable to log on to the GSTN portal due to the massive rush to meet the deadline for filing GSTR-1
‘No information’ on black money liquidated by demonetisation: RBI to parliamentary panel
RBI has told a parliamentary panel that it has “no information” on how much black money has been extinguished as a result of demonetisation
Sensex slips one hundred ninety points amid North Korea tensions
Sensex dropped by one hundred ninety points on intense selling by investors spooked by escalating geopolitical tensions after North Korea’s latest nuclear test
Was never in favour of note ban, had warned of harm, says Raghuram Rajan in his book
Rajan was RBI governor in February two thousand sixteen when he was asked by the government for his views on junking of old five hundred and 1,000 rupee notes, he exposed in his book ‘I do what I do’
GST India’s thickest ever economic reform, FDI inflows at all-time high: PM Modi at BRICS
Prime Minister Narendra Modi on Monday said that the Goods and Services Tax (GST) introduced in July this year is the largest economic reform ever in India
Finance Ministry sends reports on quantum of black money to Parliamentary panel
Finance Ministry has sent three investigate reports on the quantum of black money held by Indians inwards the country and abroad to a Parliamentary panel.
JioPhone bookings hit 6-million mark, delivery date out! Check details here
The JioPhone will come with pre-loaded Jio apps for messaging and entertainment. The phone can be connected with television sets for watching live TV using the Jio TV app
Reprieve for homebuyers, SC stays insolvency proceedings against Jaypee Infratech
Flat-buyers had contended before court that they will neither get a home nor a refund of their hard earned money on account of being “unsecured creditors”.
Birlas inject top league with $50-bn M-cap; Tatas still on top
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs Three,42,354.87 crore at the end of Friday’s trade
Sensex falls seventy two pts in early trade on powerless Asian cues
Markets slipped in early trade on powerless cues from other Asian markets on escalating geopolitical tensions after North Korea’s latest nuclear test
Skoda expects over thirty pc sales leap this year
Skoda Auto India expects over thirty per cent sales growth this year on the back of the momentum it has been witnessing of late and has set a target of Legal,000 units volume by December.
It may take ATMs three months to dispense Rs two hundred notes
Presently, Rs two hundred notes are available only through select RBI offices and some banks.
Slowdown of credit pre-dates banks drive against NPAs: Raghuram Rajan
NPAs have risen to over Rs nine lakh crore and by the Banking Regulation (Amendment) Bill passed by Parliament last month, the RBI has been given power to refer these cases to the Insolvency and Bankruptcy Board.