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Business / Financial Express

Another GST racket busted: CGST officials unearth fake input tax credit bills worth Rs 1,278 crore

The fake billing operation was primarily engaged in generating and passing fake ITC, primarily to the milk products industry.

30 Oct 2020 1:29 pm
PUBG Mobile, PUBG Mobile Lite will not be available for Indian users anymore starting today

PUBG Mobile has been banned in India since September but you could still play it if it was already installed on your phones -- you can't do that anymore.

30 Oct 2020 12:48 pm
Crop, tractor loans ineligible for ex-gratia relief as they fall into Agri allied activity, clarifies FinMin

Crop and tractor loans will not be a part of the eight segments or classes eligible under the ex-gratia scheme as they come under agriculture and allied activities loans.

30 Oct 2020 12:32 pm
Tourists flock to Mussoorie: Long weekend getaways are back, so are hill destinations

Since entry restrictions have been eased and a COVID-19 negative report is no longer mandatory, the month of October has witnessed an increasing number of visitor footfalls over the extended weekend that began on October 2.

30 Oct 2020 12:21 pm
Can you get a home loan with no credit history? Find out

A CIBIL score is a numerical value ranging between 300 and 900 which is arrived on the basis of your transactions with financial institutions.

30 Oct 2020 11:51 am
Coronavirus Covid-19 vaccine update: Covaxin aims 60 per cent efficacy rate, US firms eye December roll out

Coronavirus Covid-19 vaccine update: India's indigenous vaccine 'Covaxin' maker Bharat Biotech has said that his firm would ensure an efficacy rate of at least 60 per cent.

30 Oct 2020 11:46 am
Mumbai local train commuters, beware! Now RPF to fine passengers travelling without masks

The state government is also working out modalities in order to allow more passengers to use the city's local train services as well as trying to develop a system of colour coded e-pass system for it.

30 Oct 2020 11:41 am
Good news for air passengers! Commercial flights from Bareilly Airport likely to start by this year-end

The airport in the city of Bareilly, Uttar Pradesh, belongs to the Indian Air Force and the Airports Authority of India has build a new civil enclave in the airport with an interim terminal building of an area of 525 sq metres.

30 Oct 2020 11:34 am
Pandemics deadlier than Coronavirus can spread if we do not protect nature, warns Intergovernmental panel

Coronavirus Covid-19 update: The IPBES study has revealed that half of an estimated 1.7 million undiscovered viruses in nature are likely to have the capacity to infect people.

30 Oct 2020 11:30 am
US Elections 2020: How leading stock market indices fared so far What to do now

Investors are advised to remain patient and disciplined to their investment strategy and ignore the market noise related to election results.

30 Oct 2020 11:16 am
Mohit Joshi elevated to CEO, Havas Media Group

The appointment comes as part of the acceleration of the group's overall growth strategy

30 Oct 2020 11:13 am
How much and where you should spend to benefit from LTC cash voucher scheme for private sector Explained

Employees who have opted for the simplified tax regime will not be able to take the benefit of the exemption

30 Oct 2020 10:33 am
HPCL share price surges 5% as firm mulls buyback; should you buy?

With today's gain in the stock price, HPCL is up over 21.5 per cent from its 52-week low, taking the total market capitalisation of the firm to Rs 28,716 crore.

30 Oct 2020 10:23 am
Vande Bharat Mission: Phase VIII to start soon, 20 lakh Indians repatriated!

The Ministry, as well as all Missions, are getting ready to initiate the Phase VIII of VBM, especially as the festive season has started and more and more Indians are expected to return.

30 Oct 2020 9:01 am
Chola PAT rises 42% to Rs 432 crore

Cholas aggregate disbursements in Q2FY 21 declined 13% to Rs 6,457 crore, against Rs 7,381 in the year-ago period.

30 Oct 2020 8:51 am
SGX Nifty down 30 points; 5 things to know before going into trade on Friday

Indian share markets look to trade on a subdued note on Friday, with Nifty futures slipping 29 points to 11,635 on Singaporean Exchange.

30 Oct 2020 8:51 am
Analyst Corner: Retain buy on Axis Bank on better operating profit

Axis Banks Q2FY21 earnings reflect strong core performance. NIM expanded 18bps to 3.58% q-o-q, core fee income grew 4% and operating costs were contained at 5%, thereby supporting 16% growth in operating profit.

30 Oct 2020 8:44 am
Bane turns boon: Rural income boost marginal, but some states to gain

Relatively higher shares of agriculture in their respective GVAs were a growth drag on some states.

30 Oct 2020 8:26 am
Josh Berger steps down from Warner Bros.

While Berger will step down as president and managing director in December, he will assume the role of an advisor to the senior management until the middle of 2021

30 Oct 2020 8:24 am
Stocks in focus: RIL, HPCL, Wipro, Vodafone Idea, Bank of Baroda, Dixon Technologies, Tata Chemicals

A total of 80 companies including IndusInd Bank, Indian Oil Corporation, DLF, Dhanuka Agritech, Dixon Technologies (India), Jindal Steel & Power, Jindal Stainless and Vakrangee are scheduled to announce their quarterly earnings today

30 Oct 2020 8:17 am
Share Market LIVE: Sensex, Nifty may see a gap-down opening; core sector data shrinks less in September

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty may witness a muted opening to Fridays session after two days of consecutive losses. SGX Nifty was trading just over 16 points lower during the early hours of trade.

30 Oct 2020 8:05 am
Cutting back: Budget spend down 26% in September

Stimulus plans are afoot, but the Centres expenditure progressively declined since June peak, to contract by a steep 26% on year in September.

30 Oct 2020 7:45 am
How technology can play a vital role in bringing travellers back

The revival of the travel industry depends on stakeholders ability to provide a secure experience in the current environment

30 Oct 2020 7:07 am
Rajendra Agarwal of Donear Industries on life beyond work

Agarwal can't do without his phone and WhatsApp

30 Oct 2020 7:05 am
Nutritional security: Getting it right in the first 1,000 days

There is a need to map low coverage areas for existing nutritional support schemes of the govt and tweak strategy accordingly

30 Oct 2020 7:00 am
Reaping carbon credits from agriculture

Setting benchmarks for carbon sequestered or abated through farming and roping in companies to commercialise carbon credits can create a carbon market for the farm sector, helping agricultural income grow

30 Oct 2020 6:50 am
Vodafone Idea: Better cash flows must for survival

The company's subscriber base declined to 271.8 million versus 279.8 million in the preceding quarter. It added 1.5 million 4G subscribers versus 14.4 million added by Bharti Airtel.

30 Oct 2020 6:40 am
Personal bankruptcy: SC transfers all pending pleas in HCs to itself

The Insolvency and Bankruptcy Board of India (IBBI) had sought the transfer of all the cases to the Supreme Court so as to avoid multiplicity of proceedings and any conflicting judgments by the HCs.

30 Oct 2020 6:30 am
Parting proposal: Shapoorji Pallonji Group seeks stake in all Tata group firms

Besides, this settlement will not increase the debt for Tata Sons to buy out its group shares, the company has said.

30 Oct 2020 6:15 am
Govts own goal on Aarogya Setu app will erode publics faith

Govts reluctance to say who developed Aarogya Setu smacks of a tendency to be evasive, will hurt contact-tracing

30 Oct 2020 6:00 am
Get real about Covid 2.0: India cannot be lowering its guard on testing right now

Workplace traffic is still 27% lower than the baseline, but this was 40% lower on September 11.

30 Oct 2020 5:50 am
Stop using the law to harass critics

WB Police summons Delhi resident to Kolkata over a FB post; SC says summons cant be used to browbeat dissent

30 Oct 2020 5:40 am
The Right Support: Creating the 100 million jobs India needs

This will need serious investment in building physical and human infrastructure, And this, in turn, calls for urgent factor marketchiefly, Land and Capitalreforms

30 Oct 2020 5:30 am
When must politicians listen to scientists?

The purpose of scientific research in public health is to provide evidence-informed, context-relevant, resource optimising, culturally compatible and equity promoting recommendations

30 Oct 2020 5:15 am
Gujarats golden corridor faces obstacle from NGT

As per the guidelines of MoEF, if the final CEPI score is 70 or above, the region is critically polluted and if the score is between 70-60, the area is considered to be a severely polluted region.

30 Oct 2020 5:00 am
SBI targets digital delivery of retail loans by June: MD

In order to keep up with incumbent banks as also fintech players, traditional NBFCs must look to diversify their customer base as that offers scope for partnerships, he said.

30 Oct 2020 4:00 am
KKR launches renewable energy platform

Headquartered in Mumbai, Virescent aims to expand its portfolio of operational renewable energy assets, facilitated by investments predominantly made through KKRs infrastructure fund.

30 Oct 2020 3:45 am
Midcaps run out of steam in October on profit booking

However, the speed of the midcap rally seems to have slowed down in October and have underperformed the benchmarks in October.

30 Oct 2020 3:00 am
UTI AMC Q2 net profit declines 12% to Rs 119 cr

The inflows into the SIPs for the mutual fund industry had remained flat in September compared to August.

30 Oct 2020 2:45 am
Canara Banks Q2 profit falls 28% y-o-y on higher provisions

Gross advances of the bank stood at Rs 6.49 lakh crore as on September 30, 2020 with growth of 2.28% y-o-y.

30 Oct 2020 2:30 am
Investor focus will return to long-term financial goals: Vetri Subramaniam, Group President and Head of Equity, UTI AMC

This is a process that has gathered momentum from demonetisation to the implementation of GST and through a credit crunch.

30 Oct 2020 2:15 am
NBFC lending: Data analytics, AI can help improve quality of assets, says CEA

Citing an example on opportunities in the country, he said that private credit to gross domestic product (GDP) ratio in north-east areas is still below 10%.

30 Oct 2020 2:00 am
Google tax: Compliance norms amended for e-commerce firms

Also, according to an amendment to the annual statement forms and appeal documents required to be furnished by relevant firms, it is mandatory for them to obtain permanent account number (PAN) in India.

30 Oct 2020 1:45 am
Donald Trump or Joe Biden: Gold prices set to go up

Whoever wins, a big economic stimulus is on its way. This will weigh on the dollar and fuel gold prices

30 Oct 2020 1:15 am
Embedded value: Align policy term with rising life expectancy

A life insurance policy has to fulfil the needs that arise not only due to premature death but also due to prolonged existence

30 Oct 2020 1:00 am
Bank of Baroda Q2 net jumps 128%, asset quality improves

The net profit leaps because of lower provisioning, reduced cost of deposits and healthy interest income

30 Oct 2020 12:45 am
Lakshmi Vilas Bank to send two more names to RBI for top post, favours local CEO

On the rights issue, Sinha said the bank is readying all the papers. Our merchant banker is on the job and will come back with its recommendations. Following that, we will decide on the ratio and the amount.

30 Oct 2020 12:30 am
Hike in ethanol prices to help sugar mills to clear cane dues

Further, regarding jute bags, it will also be mandatory that initially 10% of the indents of jute bags for packing foodgrains would be placed through reverse auction on the GEM portal.

30 Oct 2020 12:15 am
New Format of ITR-V: Know how advantageous, disadvantageous its for you

Details like your income, deductions, taxes paid, tax payable, tax refund etc have been removed from the Income Tax Return Verification Form (ITR-V).

29 Oct 2020 11:41 pm
LTC cash voucher scheme extended to non-central govt employees Check calculation for income-tax exemption

In order to provide the benefits to non-Central Government employees, it has been decided to provide income-tax exemption for the payment of cash equivalent of LTC fare.

29 Oct 2020 9:39 pm