Wire News

  • Verifying genuineness of farm income over Rs 1 crore: Govt

    Verifying genuineness of farm income over Rs 1 crore: Govt  

    Stating that government has no plans to bring farm income under the tax ambit, Income Tax department is being tasked with verifying the genuineness of income over Rs 1 crore for assessment years from 2007-08 to 2005-16.

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • Demonetisation, Jio rivalry to hit telcos revenue by 5-7%: ICRA

    Demonetisation, Jio rivalry to hit telcos revenue by 5-7%: ICRA  

    Revenue loss on account of demonetisation and competitive pressures, intensified by extension of free services by newcomer Reliance Jio, may lead to the telecom industry taking a hit of 5-7 percent on revenue during the next two q...

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • Oppn uproar on demonetisation rocks RS, proceedings disrupted

    Oppn uproar on demonetisation rocks RS, proceedings disrupted  

    Both the Zero Hour and the Question Hour were disrupted as members of the Treasury and Opposition benches resorted to sloganeering over the issue leading Deputy Chairman P J Kurien to adjourn the proceedings till noon. Similar sce...

    07 Dec 2016, 12.38 pm  |  Source: PTI

  • India lacks infrastructure for gas-based economy: RasGas

    India lacks infrastructure for gas-based economy: RasGas  

    Speaking at the Petrotech conference here, RasGas CEO Hamad Mubarak Al Muhannadi said India lacks infrastructure to support a gas-based economy and needs more LNG import terminal to unlock demand.

    07 Dec 2016, 8.24 am  |  Source: PTI

  • Follow due diligence for activating dormant A/Cs: RBI to banks

    Follow due diligence for activating dormant A/Cs: RBI to banks  

    With people thronging banks for depositing old notes in dormant accounts, the Reserve Bank today asked banks to strictly follow customer due diligence guidelines while allowing operations in such accounts.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Govt asks banks to install additional 10 lakh PoS terminals

    Govt asks banks to install additional 10 lakh PoS terminals  

    In order to promote digital transactions across the country, government has asked banks to install 10 lakh additional point of sale (PoS) terminals within four months.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Maha assures action in hefty power bill claim by Asha Bhosale

    Maha assures action in hefty power bill claim by Asha Bhosale  

    Maharashtra government has directed authorities concerned to look into noted singer Asha Bhosale's claim that she received "exorbitant" electricity bill for her bungalow in hill station Lonavala, which has "not been in much use".

    06 Dec 2016, 6.08 pm  |  Source: PTI

  • Uflex Launches Direct UV Offset Printable Polyester Film  

    UV offset printing on non-absorptive surfaces is getting popular by the days. It gives an ultimate packaging solution for Board Lamination and ...

    05 Dec 2016, 3.02 pm  |  Source: Business Wire India

  • Commercial taxmen educate biz firms on GST migration

    Commercial taxmen educate biz firms on GST migration  

    The Directorate of Commercial Taxes has launched a special drive to educate business firms on ways to migrate to new Goods and Services taxes (GST) from value added tax.

    03 Dec 2016, 7.06 pm  |  Source: PTI

  • Passengers `hijack` overbooked Jet flight to Bhopal

    Passengers 'hijack' overbooked Jet flight to Bhopal  

    A Jet Airways flight from the city to Bhopal had a "near-hijack type" situation after a technical glitch resulted in the airline's ticketing system allowing booking beyond the capacity, with a family booking 80 tickets in bulk.

    03 Dec 2016, 6.10 pm  |  Source: PTI

  • Ericsson keen to mentor start-ups in India

    Ericsson keen to mentor start-ups in India  

    Global ICT firm Ericsson today said it is willing to extend helping hand to mentor start-ups in India.

    01 Dec 2016, 4.38 pm  |  Source: PTI

  • Would consider paying into EU for market access: UK Brexit min

    Would consider paying into EU for market access: UK Brexit min  

    Asked by a lawmaker if the government would consider making a contribution in any shape or form for access to the EU's single market, Davis said: "The major criterion here is that we get the best possible access for goods and serv...

    01 Dec 2016, 4.01 pm  |  Source: Reuters

  • Textile machinery industry to touch Rs 35,000cr in 5 years

    Textile machinery industry to touch Rs 35,000cr in 5 years  

    The size of domestic textile machinery industry is poised to hit Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore on the back of government initiatives like 'Make in India', an industry member said to...

    29 Nov 2016, 8.16 pm  |  Source: PTI

  • CRR hike: Crisil says forget rate cuts by banks for now

    CRR hike: Crisil says forget rate cuts by banks for now  

    Reserve Bank's latest move to soak up the entire surplus liquidity between September 16 and November 11 through incremental cash reserve ratio (CRR) will lead to over Rs 3 trillion outflow from banks and is likely to impact intere...

    28 Nov 2016, 4.22 pm  |  Source: PTI

  • Abbott India Q2 net profit up 23% at Rs 75 cr

    Abbott India Q2 net profit up 23% at Rs 75 cr  

    Pharma firm Abbott India today reported a 22.66 per cent rise in standalone net profit at Rs 75.02 crore for the quarter ended September 30, mainly on account of robust sales.

    28 Nov 2016, 4.22 pm  |  Source: PTI

  • Gujarat seeks Rs 6,600 cr from Centre for GSPL gas projects

    Gujarat seeks Rs 6,600 cr from Centre for GSPL gas projects  

    After state-owned GAIL India Ltd, Gujarat government has sought Rs 6,600 crore from the Central government to partly fund two gas pipeline projects of its firm GSPL including one taking the fuel to Jammu and Kashmir.

    28 Nov 2016, 2.58 pm  |  Source: PTI

  • Demonetisation courageous experiment by PM Modi: Amar Singh

    Demonetisation courageous experiment by PM Modi: Amar Singh  

    Prime Minister Narendra Modi's demonetisation move is a "courageous" experiment to eliminate black money, corruption and counterfeit currency.

    26 Nov 2016, 12.16 pm  |  Source: PTI

  • Mallya files plea for recalling contempt order

    Mallya files plea for recalling contempt order  

    Beleaguered liquor baron Vijay Mallya has filed an application in the Karnataka High Court for recalling its order summoning him for allegedly violating an undertaking given by him and his companies not to transfer their equity sh...

    25 Nov 2016, 10.10 pm  |  Source: PTI

  • Uflex Reports 16% Jump in Net Profit for Q2 FY 2016-17 (Y-O-Y); Volumes are Up Too!  

    India’s largest multinational flexible packaging materials and solution company Uflex Limited declared the earnings for quarter ended 30 ...

    25 Nov 2016, 8.38 pm  |  Source: Business Wire India

  • InvITs may raise Rs 20,000 cr over next 18 months: Icra

    InvITs may raise Rs 20,000 cr over next 18 months: Icra  

    The fast emerging infrastructure investment trusts (InvITs) may give a fillip to cash-starved infra space by infusing capital to the tune of Rs 20,000 crore over the next 18 months, says a report by domestic rating agency Icra.

    24 Nov 2016, 6.46 pm  |  Source: PTI

  • Overall power deficit at 0.7% in Apr-Oct: Goyal

    Overall power deficit at 0.7% in Apr-Oct: Goyal  

    India recorded overall power deficit of 0.7 per cent in the first 7 months of the current fiscal, with availability of 681.34 billion units, as against demand of 686.09 BU, Parliament was informed today.

    24 Nov 2016, 3.32 pm  |  Source: PTI

  • Mayawati dares PM Modi to seek fresh mandate

    Mayawati dares PM Modi to seek fresh mandate  

    The issue of demonetisation has rocked both the Houses since the commencement of the winter session.

    24 Nov 2016, 12.48 pm  |  Source: PTI

  • Sun Pharma to acquire 85% stake in Russia`s Biosintez

    Sun Pharma to acquire 85% stake in Russia's Biosintez  

    Sun Pharma would also assume a debt of about USD 36 million as part of this transaction.

    23 Nov 2016, 12.38 pm  |  Source: PTI

  • `PM has done world`s biggest impromptu financial experiment`

    'PM has done world's biggest impromptu financial experiment'  

    With a united opposition protesting and almost 200 MPs from various parties participating in the discussion, the Prime Minister should explain in Parliament why he took such a decision and why he "leaked" the decision to his indus...

    23 Nov 2016, 12.38 pm  |  Source: PTI

  • Strong quake hits Japan, triggers Fukushima tsunami

    Strong quake hits Japan, triggers Fukushima tsunami  

    Tokyo, Nov 22 (AFP) A powerful 6.9-magnitude earthquake hit northeast Japan today, sparking panic and triggering a tsunami including a one-metre wave that crashed ashore at the stricken Fukushima nuclear power plant.

    22 Nov 2016, 7.00 pm  |  Source: PTI

  • Banks integrating systems with RBI, GSTN to collect GST: FM

    Banks integrating systems with RBI, GSTN to collect GST: FM  

    Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said today.

    22 Nov 2016, 5.56 pm  |  Source: PTI

  • ATMs with no cash continue to trouble customers

    ATMs with no cash continue to trouble customers  

    With bank branches providing some respite to customers in terms of cash availability, ATMs in and around the city continued to be the main source of woes for people as most of them downed their shutters.

    19 Nov 2016, 5.08 pm  |  Source: PTI

  • 6 G-20 nations `failed` to take action in line with Paris deal

    6 G-20 nations 'failed' to take action in line with Paris deal  

    The US and Australia are among six G-20 countries who have "failed" to take action in line with the climate pledges made in the Paris agreement while India exhibited a "mixed performance", a new study said today.

    17 Nov 2016, 10.12 pm  |  Source: PTI

  • JPMorgan to settle US government probe of China hiring: Source

    JPMorgan to settle US government probe of China hiring: Source  

    The bank will pay roughly USD 200 million combined to the Securities and Exchange Commission and the Justice Department and more than USD 50 million to the Federal Reserve, the source said.

    17 Nov 2016, 7.59 am  |  Source: Reuters

  • Switzerland eyes 10% growth in footfalls from India in 2016

    Switzerland eyes 10% growth in footfalls from India in 2016  

    Switzerland Tourism is eyeing over 10 per cent growth in footfalls from India this year as there is an increase in interest for its winter offerings.

    16 Nov 2016, 8.54 pm  |  Source: PTI

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