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Finmin may seek extension of deadline

Monday, 16 Jul 2018 | PTI | New Delhi

The Finance Ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs). There are 13 PSBs including IDBI Bank, Bank of India in which the Government holding is more than 75 per cent. If these banks are unable...

Natural gas, ATF in GST this week?

Monday, 16 Jul 2018 | PTI | New Delhi

The all-powerful GST Council may this week consider bringing jet fuel (ATF) and natural gas under GST ambit but tax slab is acting as a deterrent, people familiar with the matter said. When Goods and Services Tax (GST) was introduced on July 1 last year, five commodities - crude oil, natural...

Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar

Monday, 16 Jul 2018 | PTI | New Delhi

Government think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said on Sunday. Niti Aayog Vice Chairman Rajiv Kumar said subsidy should be applicable...

Developing airports like real estate biz doomed to fail: IATA

Monday, 16 Jul 2018 | PTI | New Delhi

India needs a comprehensive aviation infrastructure plan as air traffic is booming but developing airports like real estate business is “doomed to fail”, according to a top aviation professional. The professional also said that privatisation of aviation infrastructure, including airports, is not always the solution. In a wide-ranging interview to PTI, global...

PNB's NPA recovery in first quarter tops FY'18 level

Monday, 16 Jul 2018 | PTI | New Delhi

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said. The Insolvency and Bankruptcy...

IRCON gets Sebi nod for IPO, issue likely in September

Monday, 16 Jul 2018 | PTI | New Delhi

Market regulator Sebi has given its go-ahead for the initial public offering (IPO) of rail PSU IRCON, which could hit the markets in September to raise about Rs 500 crore, an official said. IRCON had filed papers with the Securities and Exchange Board of India (Sebi) for the IPO, through...

IFFCO launches e-commerce platform for farmers; eyes $5bn sales in two years

Monday, 16 Jul 2018 | PTI | Chandigarh

Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers with an investment of about Rs 80 crore. An e-commerce app, 'IFFCO iMandi', has been launched that would cater to 5.5 crore farmers already associated with the cooperative. A web portal has also been...

LIC board to meet today to finalise IDBI Bank stake buy

Monday, 16 Jul 2018 | PTI | New Delhi

The board of insurance behemoth LIC is scheduled to meet on Monday to finalise the acquisition of 51 per cent stake in IDBI Bank, sources said. The due diligence process by LIC is complete as per the directions of Insurance Regulatory and Development Authority of India (Irdai), they said. State-owned Life Insurance...

Business Corner

Monday, 16 Jul 2018 | Agencies

Foundation Stone of 200 Bedded ESIC Hospital laid in Butibori, Nagpur Shri Devendra Fadnavis, Chief Minister of Maharashtra, Shri Nitin Gadkari, Minister of Road Transport & Highways,Shipping & Water resources, River Development & Ganga Rejuvenation,Govternment of India and Shri Santosh Kumar Gangwar, of State (Independent Charge) for Labour & Employment, Government...

Infosys misses estimates; declares 1:1 bonus

Saturday, 14 Jul 2018 | PTI | Bengaluru

Infosys Q1 net profit up 3.7% to Rs 3,612 cr The country's second-largest software services major Infosys on Friday reported 3.7 per cent growth in consolidated net profit at Rs 3,612 crore for the quarter ended on June 30, 2018, compared to a net profit of Rs 3,483 crore in...


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My father lived, died for India, says Rahul

15 Jul 2018 | PTI | New Delhi

Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...

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KASAULI, DAGSHAI AND SUBATHU: The Quaint Cantonment Hill stations

16 Jul 2018 | Amitabh Shukla | New Delhi

Branching off the main Delhi-Chandigarh-Shimla highway on National Highway 22, which some still call by its earlier name of Hindustan-Tibet Road, are three quaint hill stations—Kasauli, Dagshai and Subathu—all military cantonments, which you cannot miss if you are a travel enthusiast. The charm of long leisurely walks, chirping of all varieties of colorful birds, smell of wild and exotic flowers, the fresh coat of green on leaves when it rains, the...

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