Infra deficit biggest hurdle for ‘Make in India’: S&P

Infra deficit biggest hurdle for ‘Make in India’: S&P

Mumbai: The country’s poor infrastructure is the “biggest hurdle” to government’s flagship Make in India programme, S&P Global Ratings said today. “Infrastructure is the biggest hurdle to the ambitious Make in India programme of the government,” S&P Global Ratings Credit Analyst Abhishek Dangra told reporters on a conference call. The infrastructure deficit is costing up […]

CCEA may review production subsidy to sugar mills

CCEA may review production subsidy to sugar mills

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) is likely to review production subsidy to sugar mills for 2015-16 season tomorrow, taking into account lower sugar production and exports. To address liquidity stress in sugar industry and facilitate timely payment of cane arrears, the Centre last year had announced a subsidy of Rs 4.50 […]

Sensex washes out early gains, slides 49 pts in see-saw trade

Sensex washes out early gains, slides 49 pts in see-saw trade

Mumbai: The benchmark BSE Sensex failed to maintain the early momentum and gave up its gains towards the mid-way to close lower by 49 points to 28,003.12, led by sell-off in ICICI Bank and L&T amid mixed trend overseas. Though the first half was upbeat, driven by optimistic buying by investors and sustained foreign fund […]

Gold perks up, silver reclaims Rs 48,000 level

Gold perks up, silver reclaims Rs 48,000 level

Mumbai: Gold prices rebounded at the domestic bullion market here today following strong offtake from investors and jewellers. Elsewhere, silver also rebounded to reclaim the key Rs 48,000 mark on heavy speculative offtake coupled with rising industrial demand. Standard gold (99.5 purity) surged by Rs 135 to finish at Rs 31,095 per 10 grams from […]

Mallya assets to go under hammer for Rs 700 cr

Mallya assets to go under hammer for Rs 700 cr

Mumbai: As the lenders and tax authorities cool their heels for Vijay Mallya to return to India, they will put under hammer next month assets worth over Rs 700 crore of the embattled businessman’s long-defunct Kingfisher Airlines. The items waiting for the right bidders are plenty — the erstwhile headquarters Kingfisher House near airport here; […]

Sebi cautions public against dealing with PACL assets

Sebi cautions public against dealing with PACL assets

New Delhi:  Sebi has cautioned public at large against dealing with any property where PACL and its promoters have interests as the regulator pursues efforts to recover Rs 60,000 crore in the case to refund investors. Besides, the watchdog has said anyone dealing with such properties will be doing it at “their own risk, cost […]

Govt extends last date for filing tax returns to Aug 5

Govt extends last date for filing tax returns to Aug 5

New Delhi: The last date for filing income-tax returns has been extended to August 5. Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5. For Jammu and Kashmir, the deadline […]

Swamy attacks Rajan for ‘dip’ in MSME growth

Swamy attacks Rajan for ‘dip’ in MSME growth

New Delhi: BJP MP Subramanian Swamy was today back at attacking Reserve Bank of India (RBI) Governor Raghuram Rajan, blaming him for dip in growth rate of small and medium enterprises. “As you can see the MSME growth has sharply declined in one year. In 2015-16 data seen sharper decline. R3 effect!” he tweeted. Swamy, […]

PSU bank strike tomorrow may affect services

PSU bank strike tomorrow may affect services

New Delhi: Normal banking operations may take a hit tomorrow as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government. The United Forum of Banks Unions (UFBU), an umbrella organisation of nine bank employees and officers unions representing 8 […]

Power Min to hold int’l meet on energy sector

Power Min to hold int’l meet on energy sector

New Delhi: Power Ministry is planning to organise an international conference of Power Ministers to improve co-operation in area of energy. “As many as 24 countries have already confirmed their participation in the Switch Conference 2016. It is good idea to hold an International Power Ministers’ Conference there,” Power Ministry Piyush Goyal said. During the […]

1 2 3 14