Business

Mobile data rates will see a further drop to as low as Rs 2.7 per GB with Reliance Jio announcing extra 500 MB data for its users of select plans as part of ‘Republic Day offer’, says a Bank of America Merrill Lynch report. As per calculations done by the BoFA-ML analysts, per GB data will cost Rs 2.7 under ...

India’s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday. Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early ...

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI today. Of the 18,667 companies ...

DAINIK NATION BUREAU Uttarakhand Finance Minister made a strong plea for the release of green bonus and also apprised him about the financial problems being faced by the state due to the implementations of the recommendations of the 14th Finance Commission. Prakash Pant discussed the schemes underway in the state at a pre-budget meeting held at vigyan bhawan led by ...

The BSE Sensex continued its record-setting spree for a second day, scaling a new high of 35,476.70 in opening trade today as banking stocks led rally on sustained foreign fund inflows. Also, the broader NSE Nifty zoomed to a new high of 10,887.10. The 30-share index rallied by 394.88 points, or 1.12 per cent, to hit the peak of 35,476.70, ...

DAINIK NATION BUREAU Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s economic policy – a push to ‘Make in India’. Japan is funding most of the project, and Japanese companies are likely to supply ...

In a major initiative to ensure expeditious implementation of ambitious Railway Infrastructure Development Plans, Ministry of Railways is organizing a “Mega Conclave” tomorrow i.e. 17th January, 2018 with all stakeholders including leaders of the construction industry. The Conclave will not only see Railway Board Members and Senior Zonal Railway Officials interacting with construction industry captains but will also see Minister ...

DAINIK NATION BUREAU Jet Airways has terminated the services of two senior pilots who were involved in a mid-air brawl while operating London-Mumbai flight on January 1. A senior pilot had allegedly slapped a female commander during the flight and following the incident the two were grounded by the airline. “Consequent to the review of the events on board Flight ...

The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. A few provisions in the Amendment Act have important bearing on the working of the Insolvency and Bankruptcy ...

DAINIK NATION BUREAU Finance Ministry data has revealed that more than 1,400 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs). Increasing NPAs have curtailed the lending capacity of state-owned banks. In State Bank of IndiaBSE -0.60 % (SBI) alone, 265 accounts had bad loans of more than Rs 100 crore each, worth ...