Business

DAINIK NATION BUREAU The Reserve Bank of India (RBI) will set up an expert committee comprising members appointed jointly with the Union Government, the bank said after a nine-hour board meeting on Monday. The committee will look into the “excess” capital supposed to be held by the central bank. The government claims that the RBI holds Rs 3,60,000 crore by ...

DAINIK NATION BUREAU Shares of Jet Airways slumped 7 per cent Monday after Tata Sons said no concrete “proposal” had been made by the group so far for acquiring the beleaguered carrier. The stock dropped 6.88 per cent to settle at Rs 323 on BSE. During the day, it tumbled 12.57 per cent to Rs 303.25. On NSE, shares of ...

DAINIK NATION BUREAU Amid demands from some quarters for RBI governor Urjit Patel’s resignation, Chairman of the Parliamentary Standing Committee on Finance Veerappa Moily Sunday said if he quits over the stand-off between the top bank and the Centre, it will send a bad signal to global markets. “If Patel decides to resign over its (RBI) differences with the central ...

Gold regained its sheen with prices climbing by Rs 350 to Rs 32,250 per 10 gram at the bullion market on increased buying by local jewellers coupled with a firming trend overseas. Silver too rose Rs 450 to Rs 37,900 per kg backed by increased offtake by industrial units. Traders said sentiment turned upbeat on firm global cues as the ...

Embassy of India in China in partnership with Startup India Association (SIA) and Venture Gurukool organized 2nd Startup India Investment Seminar on 12 November 2018 in Beijing for fostering innovation and entrepreneurship among Indian youth.The 1st Startup Indian Investment event was organised in November 2017. The event was planned to expose Chinese VCs and investors to the promising Indian startups ...

DAINIK NATION BUREAU Dassault CEO Eric Trappier on Tuesday said he didn’t lie and they chose Ambani by themselves while referring to allegations of corruption in the Reliance-Dassault JV deal. In an interview to ANI, Trappier said, “We chose Ambani by ourselves. We already have 30 partners other than Reliance. The IAF is supporting the deal because they need the ...

DAINIK NATION BUREAU Flipkart Group CEO Binny Bansal on Tuesday resigned following an allegation of ‘serious personal misconduct’, the firm’s new parent Walmart said. Bansal, who along with Sachin Bansal had co-founded the India’s biggest online retailer Flipkart, “strongly denies the allegation”, Walmart said in a statement. Binny, it said, has resigned as the CEO of Flipkart Group with immediate ...

Export of raw sugar from India to China will begin early next year. A contract for exporting 15,000tonnes of raw sugar has been entered to by the Indian Sugar Mills Association (ISMA) and COFCO, a Government of China run public sector company. This is due to the initiative taken by the Ministry of Commerce and several rounds of meetings held ...

Shares of SBI Monday rose nearly 4 per cent, adding Rs 8,791 crore to the company’s market valuation, after the company reported a consolidated net profit on a sequential basis. The stock gained 3.45 per cent to end at Rs 295.30 on the BSE. Intra-day, it soared 5 per cent to Rs 299.90. On the NSE, shares of the company ...

The total gross GST revenue collected in the month of October, 2018 is Rs. 100,710crore of which CGST is Rs. 16,464crore, SGST is Rs. 22,826crore, IGST is Rs. 53,419crore (including Rs. 26,908crore collected on imports) and Cess is Rs. 8,000 crore(including Rs. 955crore collected on imports). The total number of GSTR 3B Returns filed for the month of September up ...