Business, 20th Aug 2017, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 05:22 AM IST

Business 20 Aug 2017

Business, 20 Aug 2017

Kotak Mahindra Bank on Sunday said customers can now open zero balance 811 account through multiple digital platforms.

Kotak 811 account offers 6 per cent interest on savings, book from anywhere

The name 811 is inspired by November 8, 2016, the day decision of demonetisation was announced by Prime Minister Narendra Modi.

20 Aug 2017 6:16 PM

CBDT's decision to increase upfront payment to 20 percent of the disputed tax demand before the disposal of appeal at the level of Commissioner is harsh on taxpayers, say experts. Photo: Representational

CBDT hikes upfront payment in tax disputes, experts term move 'harsh'

Earlier, the threshold for obtaining a stay on outstanding demand was 15 percent of the disputed tax demand.

20 Aug 2017 6:00 PM

Eight of top 10 firms add Rs 54,968 cr in m-cap

Infosys and State Bank of India (SBI) however suffered losses in their market capitalisation (m-cap) for the week ended Friday.

20 Aug 2017 5:13 PM

All unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move on Tuesday. Photo: Representational/PTI

Banks threaten to go on strike on Tuesday, services may suffer

All unions have threatened to go on strike against government's proposed consolidation move besides raising other demands.

20 Aug 2017 4:47 PM

Assocham on Sunday said the government and the NCLT must treat flat owners at par with banks under the insolvency law. (Representational Image)

NCLT, IBC should protect rights of home buyers: Assocham

Efforts should be made to revive projects of Jaypee Infratech whose 32,000 customers have not got possession of their flats.

20 Aug 2017 4:30 PM

Coal India is targeting to limit its financial outgo in the latest wage negotiations. (Representational Image)

Coal India seeks to limit wage outgo as profits come under stress

The management restricted themselves to about 15 per cent hike in minimum guaranteed benefits.

20 Aug 2017 4:11 PM

Infosys Board blamed Narayana Murthy's "continuous assault" as the primary reason for CEO Vishal Sikka quitting the company. Photo: PTI

Sikka saga:Institutions need to outlive founders, feel experts

Experts also opined that it is generally seen that problems emerge when a non-promoter takes charge of the top job.

20 Aug 2017 3:52 PM

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Foreign investment dips as FPIs pull out Rs 7,300 crore from equities in Aug

However, FPIs have invested about Rs 9,364 crore in debt markets during this period.

20 Aug 2017 3:34 PM

322 infrastructure projects worth Rs 150 crore or above each have seen cost overrun of Rs 1.71 lakh crore. Photo: AFP/ Representational

322 infrastructure projects overshoot cost by Rs 1.71 lakh crore: Report

The report said that 105 projects showed both time and cost overrun with respect to original implementation schedules.

20 Aug 2017 3:17 PM

Infosys co-founder N R Narayana Murthy. (Photo: PTI)

Murthy'r shadow to make hunting for new Infosys chief difficult

Murthy has for past several months raised issues of alleged corporate governance lapses at the company.

20 Aug 2017 2:46 PM

The mergers of regional rural banks that are ordered by the government are now exempt from seeking CCI approval.

Regional rural banks' mergers ordered by govt exempt from CCI approval

The Competition Commission of India (CCI) keeps a tab on unfair business practices across sectors.

20 Aug 2017 2:05 PM

Indian Oil Corp (IOC) will invest about Rs 52,000 crore in expanding Paradip refinery and setting up petrochemical complex.

IOC to expand Paradip refinery after deal on tax incentives with Odisha govt

State-owned Indian Oil Corp (IOC) will invest about Rs 52,000 crore in expanding Paradip refinery.

20 Aug 2017 1:44 PM

SBI accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters. Photo: PTI

Defaulters owe 27 per cent of Rs 92,376 crore outstanding loans to SBI

Punjab National Bank is next on the list with 1,120 wilful defaulters who owe bad loans worth Rs 12,278 crore.

20 Aug 2017 1:19 PM

Global cues and developments at the crisis-hit Infosys will dictate market sentiment in a holiday-shortened week ahead, say experts.

Infosys' performance, global cues to determine markets this week

Infosys was the biggest loser in the Sensex pack, sinking 9.60 per cent this week.

20 Aug 2017 12:53 PM

BSE has asked trading and clearing members to report preparedness for furnishing Aadhaar details of their clients.

PMLA rules: BSE seeks Aadhaar readiness report from members

Members have to 'report on their preparedness and highlight issues, if any, with regard to compliance' with the amended PML rules.

20 Aug 2017 12:37 PM

The BHIM cash back scheme for merchants will be operational till March 31, 2018.

Merchants who accept BHIM payments to get cashback up to Rs 1,000

Valid till March 31, this scheme allows traders to get cash back of Rs 50 for 20-50 transaction.

20 Aug 2017 12:17 PM

Honda Cars has received the environment clearance for a Rs 1,577-crore expansion project at its Tapukara plant in Rajasthan.

Honda Cars gets environment clearance for Rs 1,577-crore expansion plan

Honda Cars India Ltd wants to expand the production capacity at its Tapukara plant in Alwar district.

20 Aug 2017 11:54 AM

McDonald's is likely to move NCLAT this week against a NCLT order that reinstated Vikram Bakshi as Managing Director of its Indian joint venture CPRL. Photo: AFP

McDonald's shut in Connaught Place; company to challenge NCLT order

NCLT had ordered reinstatement of Vikram Bakshi as MD of CPRL - a joint venture between McDonald's India Pvt Ltd and him.

20 Aug 2017 11:38 AM

RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, said a report by SBI Research. Photo: PTI

RBI data on sectoral credit growth one-sided, credit per se in debt market rising

According to the RBI data, in the week to August 4, there was an incremental credit degrowth of Rs 1.1 trillion.

20 Aug 2017 11:05 AM

New DGCA notice period norms for airline commanders may hit the expansion plans of the domestic carriers.

DGCA notice period norms for pilots many hit expansion plans

The DGCA norms regarding notice period are also facing opposition from some airline unions.

20 Aug 2017 10:47 AM

1 of 2

Columns

Mohan Guruswamy