Business

So far, the Reserve Bank has put 12 public sector banks (PSBs) under watch in view of lagging on certain performance parameters like unexpected level of high non-performing assets (NPAs), low capital level, low return on assets etc.

Any rise in equipment cost after the safeguard duty would crimp the cushion that developers have to service debt.

Shankar detected evasion of Central Excise/Service Tax cases involving Duty/Tax of Rs 961.92 crore on his 47 cases, in which Rs 99.44 crore were voluntarily deposited.

Union Finance Minister said the Goods and Service Tax (GST) has brought about an entire change in the indirect tax system in India.

The 25th GST Council meet on Thursday, recommended rate cuts on 49 items, including zero percent on 29 handicraft products, with its main focus on easing return filing processes.

The NSE Nifty index too retreated from record by falling by 26.45 points, or 0.23 per cent, at 11,057.25.

The last Union Budget for the Narendra Modi government ahead of the 2019 general elections is scheduled to be announced on 1 February 2017.

The next budget needs to have several policy measures to give a stimulus to the agricultural sector such as on irrigation, crop insurance and agricultural credit to help fertiliser players, Icra said in a pre-budget report on Thursday.

Besides, the industry is also seeking relaxed FDI regime for multi-brand retail trade (MBRT) as also incentives to be provided for setting up warehousing and cold-chain storage facilities.

The board was concerned about the falling revenue since Cyrus Mistry took over, and he failed to turn around the problematic performance of the group companies such as Tata Motors and Tata Telecom, said Tata Sons' counsel Abhishek Manu Singhvi.

The Reserve Bank of India has also asked banks to accept coins for transactions and exchange at all their branches.

Patanjali has partnered with e-commerce firms Amazon, Grofers, Shopclues, Flipkart, BigBasket, 1mg, Paytm Mall and Netmeds.

"The size of the banking sector's balance-sheet exposure to G-Secs, and hence its interest rate risk, is high in an absolute sense, and is relatively elevated, when measured in proportion to total assets, for public sector banks relative to private banks,...

The government-owned SPMCIL, had issued an order to all its four mints, located at Kolkata, Noida, Hyderabad and Mumbai, to halt productions of coins three days ago.

The FDA had reportedly conducted a "surprise check" on the McDonald's outlet for alleged violation of the Food Safety Standards Act, by cooking in unhygienic conditions, and also not displaying its license copy prominently.

Currency traders said weakness in the dollar against major global currencies overseas supported the rupee.