Business

JSW plans to expand steelmaking capacity by 2030 to 44-45 million tonnes from 19 million tonnes currently

London: 

Conglomerate JSW Steel and global trading firm Duferco are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said, in a rare move for the industry.

JSW, India's biggest steelmaker, and

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Sovereign gold advanced by Rs 200 to Rs 25,700 per piece of eight grams.

Gold prices surged by Rs 350 to Rs 33,650 per 10 grams on Monday as buying by local jewellers gathered steam to meet wedding season demand, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver too shone by gaining Rs 850 to Rs 40,900

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After posting the best quarter in four years, Indian bonds are pitted against a familiar foe: likely record debt sales by the government to finance populist measures before national elections due by May.

Prime Minister Narendra Modi's administration may announce Friday plans to borrow Rs 6.4 lakh crore ($90 billion) for the next fiscal year in its

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The shutdown ended on Friday when US President Donald Trump and Congress agreed to temporary funding

Washington: 

The US economy was expected to lose $3 billion from the partial government shutdown over President Donald Trump's demand for border wall funding, congressional researchers said on Monday as 800,000 employees returned to work after 35

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Coffee Day said it has already discharged its tax liability along with the revised returns.

Coffee Day Enterprises has said it would take required action in the next few days to get a part of shares of IT firm Mindtree, owned by Coffee Day and its promoter VG Siddhartha, released by the Income Tax Department.

In a release on Sunday the company drew

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From price wars to consolidation, the country's telecom sector is witnessing high competition thanks to ever-growing demand and robust subscriber addition. While aggressive pricing of high speed data by some players has left no option for the others but to join hands, intense competition and debt are among some of the common problems for many

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Top Nifty laggards were Indiabulls Housing Finance, GAIL, BPCL, Bajaj Auto and PowerGrid

Domestic stock markets started Tuesday's session on a lower note with the Sensex falling over 100 points in early trade, amid weakness in Asian peers on US-China trade concerns. The Sensex fell as much as 124 points to

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A selloff witnessed in banking, financial services, auto and pharma stocks pulled the markets lower

Domestic stock markets fell around 1 per cent on Monday, extending their losses to a second straight session. The Sensex ended 368 points - or 1 per cent - lower at 35,656 while the Nifty settled at 10,661,

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With the upcoming elections and in the wake of the panel entrusted with the task of outlining measures to replace the existing Income-tax Act, it seems unlikely that any major SOPs or incentives will be introduced.

However, one can expect some certain industry-specific announcements:

Funds industry: Extension of the tax pass-through status to

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One can deposit a money in fixed deposits for a specific period, ranging from seven days to 10 years.

Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. In a fixed deposit account, money can be

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That compares with analysts' average estimate for a profit of Rs 299 crore, according to Refinitiv data.

Canara Bank reported a 152.5 per cent surge in quarterly net profit on Monday, buoyed by higher interest income and a write-back of provisions made for mark-to-market losses.

The lender's net profit came in at Rs 318 crore ($44.70 million) for

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Losses in auto and pharma counters offset the advances in IT and media stocks

Domestic stock markets gave up early gains on Monday. The Sensex opened 74 points higher and the Nifty up 11 points, but fell 234 points and 82 points in first few minutes of trade respectively. Losses in financial, auto and pharma

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Piyush Goyal asked banks to take advantage of the MSME restructuring scheme to support viable MSME units.

Finance Minister Piyush Goyal on Monday reviewed the performance of public sector banks (PSBs) during which they committed themselves to stepping up lending to micro, small and medium enterprises (MSMEs) while also significantly increasing the

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Crude oil import: PM Modi dwelt at length on the petrochemical sector in the country.

Kochi: 

Prime Minister Narendra Modi Sunday said the NDA government has taken "decisive steps" to bring down crude oil import by 10 per cent and save precious foreign exchange for the country. PM Modi said 11 oil PSUs have adopted the modern 'lignocellulosic' route

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Media tycoon Subhash Chandra scrambled over the weekend to stem a crisis that wiped $1.6 billion off his flagship Zee Entertainment Enterprises Ltd.'s market value on Friday and threatened to derail his plans to sell a stake in the company.

Shares of India's biggest television network and group company Dish TV India Ltd. plunged more than 25

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"Every nation has a right to frame policies that best suit its economic and social needs," Snapdeal said.

New Delhi: 

Even as the government's new e-commerce curbs sting global giants Amazon.com Inc and Walmart-owned Flipkart, their local rival Snapdeal is cheering the move.

The government will from February 1 impose restrictions on how e-commerce

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With less than a week left before the government presents its budget in Parliament, all eyes remain on any key announcements in the annual event. Analysts will watch any announcements with respect to the country's real estate sector, wherein a slowdown in demand across segments has highlighted many challenges ahead. Listing its expectations from

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This budget session is the last parliament session of the NDA government before general election due by May. Generally, in an election year, the ruling government opts for a vote-on-account or interim budget instead of a full budget. In previous four interim budgets, the outgoing government didn't announce any tax incentives for the taxpayers. If

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The rupee on Friday weakened by 10 paise to close at 71.17 against the US dollar.

Mumbai: 

The rupee on Monday managed to end 7 paise higher at 71.10 against the US dollar on increased selling of the greenback by exporters amid easing crude oil prices and uptrend in other emerging market currencies. Also, fresh foreign fund inflows propped up the

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At present, only LPG, kerosene and naphtha are subject to a GST rate.

As the government is due to present the Budget on February 1, all eyes remain on the government's annual financial statement. The interim budget, last before the general elections due by May this year, will be closely followed by industry players, analysts and general public.

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The law is aimed at quickly recovering losses to the exchequer or PSBs in cases of frauds.

Kochi: 

In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters, officials said on Sunday. 

The

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Dish TV rose by 5.53 per cent to Rs. 23.85 from its previous close.

The Zee Entertainment Enterprises Ltd (ZEEL) stock gained 16.64 per cent on Monday after Zee and Essel Group Chairman Subhash Chandra said that the company has successfully arrived at an understanding with lenders to whom the shares held by the group's promoters have been pledged.

Ac

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The government is due to present an interim budget on February 1. That would mark the last budget before general election due by May. Business leaders, analysts and investors will study the budget announcements carefully for any announcements related to different sectors. Listing its expectations from the Budget with respect to various sectors,

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Budget speech will start at 11 am in the Parliament on February 1.

The government will present the interim budget in Parliament on February 1. That will be the last budget before the general election due by May this year. From economists to common people, all eyes will remain on Budget announcements for any signs of changes in policy in the coming

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The government is due to present its Budget on February 1, the last before general elections due by May

The government is due to present its Budget on February 1, the last budget before general elections due by May. The government's annual financial statement will be closely followed by industry players, experts and and general public. Listing its

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The government is due to present an interim budget on February 1. That would mark the last budget before general election due by May. Business leaders, analysts and investors will study the budget announcements carefully for any announcements related to different sectors. Listing its expectations from the Budget with respect to different sectors,

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He said the Air Cargo policy announced on January 15 this year will boost fish exports.

Union Commerce and Industry Minister Suresh Prabhu on Sunday said new policies of the government will ensure the doubling of exports, currently pegged at $321 billion, in a few years. He was speaking at the inauguration ceremony of a new office and laboratory

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Provisions for bad loans more than doubled to Rs 9,179 crore.

Bank of India posted its biggest quarterly loss since at least 2005 on Monday as the state-run lender set aside higher provisions for bad loans.

Net loss widened to Rs 4,738 crore ($666.50 million) for the three months ended December 31, 2018, from a loss of Rs 2,341 crore a year earlier.

P

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Jet Airways said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped airline to resolve its financing problems. Jet Airways, saddled with debts of about $1.14 billion, has been hit by fierce competition, rupee depreciation and high oil prices. The company owes money to

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There is also a proposal to completely waive premium for taking insurance policy for food crops.

New Delhi: 

The cabinet on Monday is likely to approve a package for farmers to boost their income and address distress in the farm sector, sources said, adding that the move will come ahead of the general elections. "The cabinet meeting is scheduled

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