Business

Rupee dropped to historic level on Friday, against the US dollar and then started doing better business. Today, Rupee reached Rs 69.12 against a dollar and then went back to less than 69 rupees. Earlier on Thursday, the rupee also closed 43 paise down at 69.05. The rupee fell as dollar reached 1 year high record after encouraging comment by ...

The government has approved the capital infusion of Rs 11,336 crore to meet its regulatory capital requirements in five public sector banks including Punjab National Bank, Corporation Bank and Andhra Bank. This is the first time in the current financial year that capital is being provided to government banks. According to the government’s promise, the remaining Rs 53,664 crore will ...

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, pushing Alibaba Group founder Jack Ma to the second spot, according to a report by Bloomberg. The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India. His net ...

The BSE Sensex soared over 400 points to hit its record high after Reliance Industries (RIL) reclaimed USD 100 billion (approx Rs 6,86,604 crore) market capitalisation as its shares a hit 52-week high today. RIL, HDFC and HDFC Bank collectively contributed nearly 300 points to the gains on Sensex. At 1200 hrs, the 30-share index rallied 413.89 points, or 1.14 ...

To celebrate its twelve successful years in the domestic skies, IndiGo is going all out to thank its customers who have made this journey possible. India’s favorite low-cost carrier, IndiGo is offering customers a four-day special sale starting at INR 1212 effective from July 10, 2018 till July 13, 2018. As part of the mega sale, the airline is offering ...

After shaking mobile telephony with free voice calls and dirt cheap data, richest Indian Mukesh Ambani today unveiled an ultra high-speed fixed line fibre broadband for homes and enterprises across 1,100 cities and announced plans for an e-commerce platform that may rival likes of Amazon. The new offerings alongside the strengthening of the mainstay energy and petrochemicals business will help ...

DAINIK NATION BUREAU Prime Minister Narendra Modi on Sunday ruled out a single tax rate under the GST, saying a Mercedes car and milk cannot be taxed at the same rate and accepting the Congress’ demand for a uniform 18 per cent rate would lead to a spike in cost of food and essential items. Modi said the Goods and ...

DAINIK NATION BUREAU Giving stress that India has been able to implement the major indirect tax reform GST in a least disruptive manner, Union Minister Arun Jaitley today said best of the new regime in terms of contribution to the society was yet to come. The government rolled the Goods and Services Tax (GST), which encompasses 17 indirect taxes and ...

The NDA government repaid over Rs 2 lakh crore, including Rs 70,000 crore interest, which was taken as loan through oil bonds by the previous Congress government at the Centre, Union Petroleum & Natural Gas Minister Dharmendra Pradhan said today. Pradhan’s assertions came as strong retort to the Congress which has been using recent fuel prices hike to attack the ...

DAINIK NATION BUREAU A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said. The peak GST rate plus VAT will be equal to the ...