Any Fed tightening will suck capital away from Asia and send currencies lower, prompting central banks to respond through either defending their currencies or hiking interest rates Source: Livemint.com (http://www.livemint.com/rss/industry)
The ordinance will allow the government to hike GST cess on luxury cars and SUVs to restore tax revenue from the auto industry Source: Livemint.com (http://www.livemint.com/rss/industry)
The completion of Rosneft’s Essar Oil acquisition deal paves the way for the Essar group to reduce its debt Source: Livemint.com (http://www.livemint.com/rss/industry)
The current draft pharma policy may have a negative impact on growth and profitability of the industry due to continued emphasis on price control, say industry officials and analysts Source:…
Indian Oil and the Odisha government have amicably settled a tax dispute around the firm’s 15 million tonne Paradip refinery Source: Livemint.com (http://www.livemint.com/rss/industry)
RBI governor Urjit Patel calls for recapitalisation of PSU banks to help them resolve NPAs issue in a time-bond manner as bad loans at 9.6% of the system is not…
SBI has realised Rs235.06 crore as penalty from 388.74 lakh accounts for not maintaining monthly average balance in the 1st quarter of the current fiscal, an RTI query has revealed…
Along with the 12 cases where bankruptcy proceedings have already started, these would account for 60-65% of the bad loans clogging the banking system Source: Livemint.com (http://www.livemint.com/rss/industry)
COMIO India director launches 3 handsets priced between Rs5,999-Rs9,999 and says the smartphone maker plans to invest Rs500 crore in India over the next 2 years Source: Livemint.com (http://www.livemint.com/rss/industry)
CBDT says the number of individuals filing income tax returns has jumped to 2.79 crore this year, matching with the 56 lakh new taxpayer addition stated by Narendra Modi Source:…