Business

Railway expenditure outpaces earnings, operating ratio breaches 112%

Sunday, 23 December 2018 09:30
With expenditure continuing to far exceed earnings, Indian Railways is facing a dismal financial scenario with the operating ratio breaching the 112-per cent mark. “The trend is unlikely to be reversed before March 2019 — when the National Transporter expects…

NCLAT stays insolvency proceedings against Eastern Coalfields Ltd

Sunday, 23 December 2018 09:29
National Company Law Appellate Tribunal (NCLAT) on Saturday stayed the commencement of corporate insolvency proceedings against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India. Incidentally, the Kolkata Bench of the NCLAT had on Wednesday admitted the insolvency petition, filed…

B-Town hails decision by government to cut GST on movie tickets

Sunday, 23 December 2018 09:23
Movie tickets costing more that Rs 100 have been brought down from 28 to 18 per cent, Finance Minister Arun Jaitley announced on Saturday. Celebrities like Aamir Khan, Akshay Kumar and Ajay Devgn have hailed the move. Cinema tickets are…

GoM to look into anomaly in GST collection in states: Jaitley

Sunday, 23 December 2018 09:17
The Goods and Services Tax (GST) Council on Saturday decided to form a seven-member Group of Ministers (GoM) to study anomalies in tax collection in some of the states which showed wide deviation from what was expected. “The Council has…

Qatar bank transacts on Infosys’ Finacle digital platform

Friday, 21 December 2018 09:25
Using software major Infosys’ Finacle digital platform, Doha-based leading Qatar National Bank (QNB) is offering its customers multi-currency payment facility, said the IT major on Thursday. “As part of its digital platform, QNB has scaled into a unified, multi-currency and…

Tax advocates approach Government to rectify mistakes in GST returns

Friday, 21 December 2018 09:24
Citing procedural difficulties due to absence of clarity, the All India Tax Advocates Forum (AITAF) on Thursday urged the Finance Minister to allow assessees to rectify mistakes incurred in their monthly GST returns in the Annual Return form GSTR 9…

New RBI Governor completes consultations with state-run banks

Thursday, 20 December 2018 19:29
New RBI Governor Shaktikanta Das has completed his consultations with heads of state-run banks, he said on Wednesday. Das, who had earlier served in the government as Economic Affairs Secretary, took charge at the Reserve Bank of India (RBI) last…

SEBI to come up with sandbox policy soon

Thursday, 20 December 2018 19:21
Securities and Exchange Board of India (SEBI) is planning to come up with a sandbox policy to support technology development for financial markets, an official said here on Thursday. “We will come out with a sandbox policy. We are examining…

US Fed raises rates in defiance of Trump

Thursday, 20 December 2018 11:21
The US Federal Reserve has raised interest rates again, defying warnings from President Donald Trump against the move. Officials at the US central bank on Wednesday voted to lift the Fed’s key interest rate by 0.25 per cent, to a…

TCS offers private cloud to enterprises in Canada

Thursday, 20 December 2018 09:21
Indian IT bellwether Tata Consultancy Services (TCS) on Wednesday unveiled a new private cloud in Canada to help enterprises move into the digital space. “Our enterprise cloud platform is a dynamic solution stack that provides multiple and flexible options, including…