After showing signs of a trend reversal in December, goods and services tax (GST) mop up has dropped yet again for the month of January. GST collection stands at around Rs 82,000 crore so far. That is a sharp decline from the December revenue figure of over Rs 86,000 crore. Also, the number of returns for January, filed till yesterday, stands at Rs 54 lakh. CNBC-TV18’s Timsy Jaipuria spoke to Ajay Bhushan Pandey, the Chairman of GSTN. He said that they have received from various sources as far as simplifying returns filing are concerned.
The lone dissenter who voted for a 25 bps increase, RBI Executive Director Michael Patra, said the 4% inflation target is “in danger of getting out of reach and the upper tolerance band of 6% is under threat.
Besides, the SEBI has also levied a fine of Rs 5 lakh on stock broker SPFL Securities Ltd for failing to carry out due diligence with regard to the trading pattern of J V Stock Broking Pvt Ltd.
The Reserve Bank of India (RBI) has released the minutes of the Monetary Policy Committee (MPC) meeting that was held on February 6 and February 7. In an interview with CNBC-TV18, Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank, Soumya Kanti Ghosh, Group CEA at State Bank of India (SBI) and Ananth Narayan, Professor at SPJIMR discussed what the six members of the MPC had to say.
The telecom department has issued directions to all operators to start using 13 digit numbers for all existing machine-to-machine customers from October 2018. The letter created a buzz that now all mobile numbers will have 13 digits. However, that is not the case. In an interview with CNBC-TV18, Nikhil Pahwa, Founder at Medianama discussed this in details.
The Godrej group patriarch also suggested the companies, especially the family-held enterprises, to ensure a better corporate governance, which in turn would turn them more competitive in the global market.
Bank of Baroda informed about an exposure of Rs 456.60 crore to Rotomac Global, which is under investigation by CBI and the Enforcement Directorate in connection with an alleged bank loan fraud.
Bugatti Chiron which costs USD 3 million takes 2.3 seconds and the Lamborghini Aventador sprints to 100 kmph at leisurely 2.7 seconds
The Centre had announced the final list of nine smart cities in January this year and had kept the slot for the tenth city, Shillong, vacant as it could not submit its proposal on time.
The company said afterwards it will increase prices in a phased manner to lower the overall impact of the customs duty hike over a period of time.
As per the enforcement report for week of February 21, 2017 of the US FDA, Sun Pharmaceutical Industries Inc is recalling 17,554 bottles of Azelastine HCl Nasal Solution (Nasal Spray) 0.1 per cent (137 mcg per spray), 30 ml.
The 2018 Winter Olympics in South Korea is underway. Watch accompanying videos for the highlights of Day 11.
Cash and cash equivalents will include major foreign currencies as may be decided by the clearing corporation from time to time, term deposit receipts and bank guarantees issued by bank branches located in IFSC.
The who's who of India Inc gathered in Lucknow for the Uttar Pradesh Investors Summit. Prime Minister Narendra Modi inaugurated the three day-long event and expressed confidence that the summit will help boost the pace of growth in the state.
It has alleged that orders by TRAI have put all but one operator at a huge disadvantage and that its regulations had distorted the market.
In the broader market, midcaps erased most of its losses and ended flat.
Even as Tata Steel sheds off its European baggage, it is bidding aggressively for assets in India
At the outset, take a look at the developments surrounding the scam at Punjab National Bank (PNB). Sources tell CNBC-TV18 that over 150 shell companies are on the Enforcement Directorate's (ED) radar. The ED has now started investigations on 17 locations that are believed to be housing these companies.
ONGC, India's biggest explorer, has shortlisted U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes to submit proposals on boosting production from two onshore fields.
The eNAM website is now available in Gujarati, Marathi, Tamil, Telugu, Bengali and Odia besides Hindi and English, while the eNAM trading facility is available in six languages.
CNBC-TV18’s Timsy Jaipuria caught up with Ashok Gajapathi Raju, Union Minister for Civil Aviation and asked him about his views on India in the global aviation industry.
Gold saw its highest fall in over a year on Tuesday, while copper prices are currently at a one-week low.
The index opened at 10,426 and rose to an intraday high of 10,426.10. It slipped to an intraday low of 10,349 before closing the day at 10,397, up 37 points.
In an interview with CNBC-TV18, Ayon Mukhopadhyay, Director of IIFL Institutional Equities for UK and Europe spoke about his reading of the market and his outlook. He was speaking from the side-lines of IIFL's 3-day India Global Investors Conference.
A note by Morgan Stanley had said that life insurance products, particularly Ulips (unit-linked insurance plans) could appear relatively attractive from a medium- to long-term perspective.