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May 28, Sunday 2017 12:16 PM       
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       BUSINESS  
         GST Bill unanimously approved in Tripura    
 
 
AGARTALA: On the concluding day of the three-day session of the Tripura Assembly on Thursday, the Left-ruled state approved the Goods and Services Tax (GST) Bill unanimously by voice vote.

 
         Modi effect: Sensex breaches 31,000-mark, Nifty nears 9,600    
 
 
MUMBAI: The BSE Sensex Friday shot up another 133.86 points to a fresh all-time high of 30,883.89 and the Nifty hit 9,542.85 in early trade today as the June derivatives series took off on a strong footing on encouraging earnings and sustained foreign capital inflows.

 
         Mizoram GST Bill passed unanimously    
 
 
AIZAWL: Mizoram assembly unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017 in a one-day special session of the legislature Thursday.

 
         Sensex sheds 206 pts on profit-booking    
 
 
MUMBAI: Benchmark Sensex tumbled 206 points to end at 30,365.25 Tuesday as investors booked profits in recent gainers amid volatile global cues in the aftermath of a terror attack in the UK.

 
         RBI refuses to disclose list of loan defaulters    
 
 
NEW DELHI: The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public.

 
         Nifty pares initial gains, ends flat    
 
 
MUMBAI: The benchmark Nifty trimmed its initial gains to end flat with modest gain of 10 points at 9,438 on the opening day of the expiry week of futures and options May contract.

 
         Maharashtra Assembly passes GST Bill    
 
 
MUMBAI: The Maharashtra Assembly passed unanimously the State Goods and Services Tax (GST) Bill Monday, the last day of a special session of the state Legislature.

 
         GST is Modi Govt's 'biggest achievement': ASSOCHAM    
 
 
NEW DELHI: With the roll out of the 'revolutionary' Goods and Services Tax bill scheduled for July 1, the ASSOCHAM has perceived this as the present government's 'biggest achievement', facilitating digitisation, financial and inclusion, while public investment on railways and power distribution infrastructure is set to change the structure of the economy, the chamber said.

 
         Exporters to get tax refund under GST within 7 days: Nirmala    
 
 
New Delhi: Commerce Minister Nirmala Sitharaman today assured exporters that they would get their refund tax claims within seven days under the new goods and services tax (GST) regime.

 
         GST won't affect financial autonomy of local bodies: Maha govt    
 
Mumbai: Maharashtra government said it would ensure that the goods and services tax (GST) does not hamper financial autonomy of local self government bodies, as the special three-day session of the state Legislature began here today. "The government has accepted the responsibility of compensation to local bodies for five years, for the loss of revenue due to abolition of octroi and local body tax due to GST," Finance Minister Sudhir Mungantiwar told the state Assembly during a discussion on

 
         GST: Fin Min warns industry against hiking prices arbitrarily    
 
SRINAGAR: With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the finance ministry today warned India Inc against raising rates arbitrarily in anticipation of the GST. The tax department may invoke the anti-profiteering clause after the mechanism is put in place and may look into balance sheet of companies if they have gained from the GST and whether the benefits have been passed on to consumers.

 
         GST Bill is going to be consumer friendly: Jaitley    
 
 
NEW DELHI: Union Finance Minister Arun Jaitley on Friday said that the Goods and Services Tax (GST) Bill, which is to exempt the daily-use commodities from the levy, is going to be more efficient and a consumer friendly taxation system.

 
         Sensex surges to record high in late morning trade    
 
 
MUMBAI: Benchmark Sensex scaled a fresh lifetime high of 30,712 in late morning trade Friday on sustained buying in FMCG, realty, telecom, power and metal counters.

 
         AI starts direct flight between Delhi, Stockholm    
 
 
NEW DELHI: Air India has announced non-stop flight services between Delhi and Stockholm, starting from August 15, 2017. The flights will operate thrice a week -- Wednesdays, Fridays and Sundays - with each flight roughly having eight-hour duration.

 
         Paytm raises $1.4 bn funding from SoftBank    
 
 
NEW DELHI:Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs. 9,079 crore) in Indian digital payments platform, Paytm.

 
         Sensex dives 224 pts, Nifty cracks below 9500    
 
 
MUMBAI: Taking a breather after a record-setting spree, benchmark Sensex plunged 224 points Thursday to retreat from lifetime highs as investors booked profits amid global volatility.

 
         Sensex, Nifty extend bull run, hit record highs    
 
 
MUMBAI: Markets ended at record highs for the third straight session on Wednesday on sustained foreign inflows and persistent buying by retail investors buoyed by the early onset of monsoon and encouraging quarterly earnings. The BSE Sensex closed at a new peak of 30,658.77, while the broader Nifty finished at an all-time high of 9,525.75 (rpt) 9,525.75. After opening weak, the Sensex zoomed to hit yet another record intra-day high of 30,692.45, before slipping to 30,519.14 on profit-booki

 
         BSNL signs pacts with Facebook, MobiKwik    
 
NEW DELHI: State-owned telecom operator BSNL has inked a clutch of agreements with Facebook and MobiKwik as its looks to popularise the internet and its value added services among customers. The pacts were signed to commemorate the World Telecommunication and Information Society Day. Under the Memorandum of Understanding (MoU) with Facebook, Bharat Sanchar Nigam Ltd (BSNL) will provide connectivity for the social network's `Express Wi-Fi Program'.

 
         Govt clears new coal linkage policy    
 
NEW DELHI: The government today approved a new policy under which fuel supply to the power sector will be either through the auction route or power purchase pact based on competitive bidding of tariffs. The move may ease stress on account of non-availability of linkages to power sector projects.

 
         Markets conquer new peaks, Nifty scales 9,500    
 
 
MUMBAI: Markets soared to record-smashing heights for the second straight session Tuesday as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer.

 
         Gold climbs by Rs. 55 on positive global leads    
 
 
NEW DELHI: Gold racked up gains on a bout of risk aversion as it climbed for the third straight day by gaining Rs. 55 to Rs. 28,630 per 10 grams Monday, reflecting a firm overseas trend amid local buying push.

 
         11 PIOs in Forbes's list of best venture capitalists    
 
 
NEW YORK: Eleven Indian-American investors feature in Forbes magazine's annual list of the 100 best venture capitalists who are behind some of the highest- returning investments in the technology sphere.

 
         Digitisation will curb shadow economy, says Meghwal    
 
 
MUMBAI: Pitching for rapid movement towards digitisation of the economy, Union minister Arjun Ram Meghwal today said the government's digital initiative is crucial to curb the black market. "In this country, 22-26 per cent is shadow economy (ie illicit economic activities like black market transactions and undeclared income existing alongside the official economy)," the minister of state for finance said here. "This is a large percentage and it is not good for a nation. As and when sha

 
         Snapdeal-Flipkart deal may leave staff richer by Rs 193 cr    
 
 
NEW DELHI: Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival Flipkart. According to sources, if the deal goes through, the founders will give half of their payout (USD 30 million) for the proposed scheme which would cover all current employees of Snapdeal.

 
         I-T dept launches facility to correct errors in PAN, Aadhaar    
 
NEW DELHI: The income tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document. Alongside the facility to link biometric identifier Aadhaar with PAN, the department has also put two separate hyperlinks on its e-filing website -- one to update changes in existing PAN data or for application of new PAN by an Indian or a foreign citizen.

 
         Idea Cellular Q4 loss at Rs 325.6 cr as Jio entry takes toll    
 
 
NEW DELHI: Bashed by a severe tariff war, telecom operator Idea Cellular today reported a consolidated loss of Rs 325.6 crore in the three-month period ended March 31, 2017.

 
         'AI can play key role in good governance'    
 
SEATTLE: Artificial intelligence or AI as it is called in cyber parlance, and believed to be the next big thing in information and technology, can play a key role in good governance, a senior Microsoft official has said.

 
         Coal Mines PF merger with EPF will benefit workers: Goyal    
 
 
VIENNA: Union Minister Piyush Goyal on Friday lent full support to the proposed merger of Coal Mines Provident Fund with EPF saying it will safeguard workers' interests, even as the unions opposing it prepare to go on a 3-day strike next month. "Yes, I believe that for the future, employees' provident fund organisation, which is the largest national body, should also look after the provident fund of the coal mines workers," Goyal told in an interview to PTI here.

 
         Kerala Startup Mission signs MoU with BPCL ?    
 
 
THIRUVANANTHAPURAM: Kerala Startup Mission, the state government s nodal agency for promoting entrepreneurship, has signed an MOU with Bharat Petroleum Corporation Limited to provide aid and investments in start-ups from various technology domains. The MoU aims to spur the state government s efforts and derive long-term benefits from start-ups. BPCL will provide financial support and exclusive access for start-ups to the company s R&D facilities, expertise and network.

 
         China mum over Lanka rejecting submarine docking    
 
BEIJING: The Chinese Foreign Ministry today parried questions on reports that Sri Lanka has rejected China's request for its submarine to dock at Colombo next week after a similar visit in 2014 triggered a strong protest from India. "I have just read the relevant information. I suggest you raise it with the defence ministry for more details," Chinese Foreign Ministry spokesman Geng Shuang said when asked whether China has expressed dissatisfaction to Sri Lanka for refusing to let its subma

 
 
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