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Direct tax collections rise 18.2% in Apr-Dec

Direct tax collections rise 18.2% in Apr-Dec

Direct tax collections soared 18.2 per cent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said. In a statement, the ministry said…

Air India terminates over 400 contractual employees

Air India terminates over 400 contractual employees

Disinvestment-bound Air India has terminated the services of over 400 employees who were hired by the airline on contractual basis after their retirement. The employees affected are those hired for…

SEBI slaps Rs 5 lakh fine on IFCI Factors, 3 others

SEBI slaps Rs 5 lakh fine on IFCI Factors, 3 others

Markets regulator SEBI has imposed a total penalty of Rs 5 lakh on four entities, including IFCI Factors, for disclosure lapses in the matter of Shiva Cement. Apart from IFCI…

BPL targets consumer business turnover of Rs 500 cr in 3 yrs

BPL targets consumer business turnover of Rs 500 cr in 3 yrs

BPL is eyeing over five-fold increase in the turnover of its consumer business to Rs 500 crore in the next three years as it expands its product portfolio and strengthens…

Patanjali plans massive online push

Patanjali plans massive online push

Baba Ramdev-led Patanjali Ayurved is likely to partner with eight leading etailers and aggregators to give a big push to online sales of its swadeshi range of FMCG products, said…

Govt open to proposals to further cleanse political funding: Jaitley

Govt open to proposals to further cleanse political funding: Jaitley

The electoral bonds mechanism is a substantial improvement in transparency over the present system and the government is open to suggestions to further cleanse political funding, Finance Minister Arun Jaitley…

Maruti to expand sales network for ‘Super Carry’ LCV

Maruti to expand sales network for ‘Super Carry’ LCV

The country’s largest car maker Maruti Suzuki India (MSI) plans to expand the sales network for its light commercial vehicle ‘Super Carry’ as it aims to be a significant player…

SBI likely to slash minimum balance requirement

SBI likely to slash minimum balance requirement

The State Bank of India is likely to reduce the minimum balance requirement to Rs 1,000 from the current Rs 3,000 in urban areas. SBI had initially raised the minimum…

Sufficient storage capacity for foodgrains exist: Minister

Sufficient storage capacity for foodgrains exist: Minister

The government said there is sufficient capacity for storage of food grains at the national level. During the ‘Question Hour’ in Rajya Sabha, Minister of Consumer Affairs, Food and Public…

U.S freezes over $1 bn military aid to Pakistan

U.S freezes over $1 bn military aid to Pakistan

The United States has suspended more than $1.15 billion security assistance to Pakistan, accusing Islamabad of harbouring terror groups like the Afghan Taliban and the Haqqani Network within its border…