Looking into Jet Airways quarter one results: Sebi

Saturday, 11 Aug 2018 | PTI | New Delhi

Regulator Sebi is looking into Jet Airways' deferring the announcement of June quarter results following reservations expressed by the airline's audit committee while stock exchanges have also sought information from the company, sources said. The board of directors of Jet Airways, which is grappling with financial woes, on August 9 deferred...

Bad loans rise, SBI posts Q1 loss of Rs 4,876 crore

Saturday, 11 Aug 2018 | PTI | New Delhi

The country's largest lender SBI today reported a hefty loss of Rs 4,876 crore for the June quarter due to higher bad loans. The bank had earned a net profit of Rs 2,006 crore in the April-June period of the previous fiscal, SBI said in a regulatory filing. However, total income during...

Passenger vehicle sales drop first time in 9 months in July

Saturday, 11 Aug 2018 | PTI | New Delhi

Passenger vehicle sales in India declined for the first time in nine months, on account of high base last year when sales had spiked due to the GST rollout across the country. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle (PV) sales declined...

No proposal to withdraw Rs 2,000 notes: Govt

Saturday, 11 Aug 2018 | PTI | New Delhi

The government today said that there is no proposal to withdraw Rs 2,000 denomination note. RBI introduced Rs 2,000 notes following demonetisation of high value Rs 500 and Rs 1,000 notes in November 2016. Replying to question whether the government is considering withdrawal of Rs 2,000 notes shortly, Minister of State...

Investors can hold shares in physical form even after Dec 5: Sebi

Saturday, 11 Aug 2018 | PTI | New Delhi

Markets regulator Sebi on Friday said its new guidelines do not bar investors from holding shares in the physical form even after December 5. The clarification comes after the Sebi received several calls concerning the applicability of its directive. The regulator, in July, had said that transfer of shares of listed...

Business Corner

Saturday, 11 Aug 2018 | Agencies

JLR July sales down 21.6% at 36,144 units New Delhi: Tata Motors-owned Jaguar Land Rover today reported 21.6 per cent decline in global retail sales at 36,144 units in July. Sales of Jaguar brand were down 15.2 per cent at 10,992 units last month, while those of Land Rover stood at...

IKEA opens first India store in Hyderabad

Friday, 10 Aug 2018 | PTI | Hyderabad

Swedish home furnishings major IKEA on Thursday opened its first store in India, kicking off its retail journey five years after it received approval to invest in the country’s single-brand retail sector. The company, which has employed 950 people directly and another 1,500 indirectly at its store here, plans to hire...

CBDT to scrutinise last year’s 0.35% IncomeTax returns

Friday, 10 Aug 2018 | PTI | New Delhi

The income tax department on Thursday said it has picked up only high tax evasion cases for scrutiny, which account for around 0.35 per cent of the 6.86 crore returns filed for Assessment Year 2017-18. Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said that the department has faith on...

Sensex closes above 38k mark

Friday, 10 Aug 2018 | PTI | Mumbai

Benchmark Sensex soared 137 points on Thursday to close above the 38,000-mark for the first time, while the broader Nifty too ended at a fresh lifetime high on unabated buying by participants. ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at...

Business Corner

Friday, 10 Aug 2018 | Pioneer

National Book Trust Organises Book Exhibition On the occasion of National Reading Day, Western Regional Office of National Book Trust organised book exhibitions at Kendriya Vidyalay in Lonavla, Mumbai, Nashik, Gandhidham and Bhuj. Students and the school authorities displayed great enthusiasm in the exhibition and number of students participated in the...


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K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

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Cooperation of all necessary to achieve target: Ramsheela Sahu

15 Aug 2018 | Staff Reporter | Raipur

State of Chhattisgarh is moving faster from malnutrition to normal. But on the path, to achieve the target cooperation of all is required, said women and child development minister Ramsheela Sahu...

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