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The hike on Wednesday followed a 14 paise a litre increase in price of petrol on Tuesday and 15 paise per litre rise in diesel rate. (Representional Image)

Petrol, diesel prices see steepest hike since July 5

Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market.

18 Sep 2019 3:07 PM

Most entrepreneurs and start-up have difficulty holding on to the market and eventually fail. (Representational Image)

10 Mantras to become a successful new age entrepreneur

India’s Start-up ecosystem is one of the fastest growing in the world, with over 190 deals worth USD 4 billion closed in just Q1 of 2019..

18 Sep 2019 12:42 PM

Higher opening in domestic equities supported the local unit. (Photo: AP)

Rupee rises 35 paise against US dollar in early trade

Rupee is trading at 71.43 against dollar as gains in domestic equity market and easing crude prices strengthened investor sentiments.

18 Sep 2019 10:23 AM

In the April-July period, total tax revenues of 20 Indian states fell 7 per cent to 4.9 trillion rupees compared with the same period last year.

GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.

18 Sep 2019 8:58 AM

As per Icra’s estimates, till an Indian Basket crude price of nearly $70-75/bbl, the PSU upstream companies may not have to bear material under-recoveries.

Risk premium on oil to go up: Icra

Thus, their net realisation and cash accruals will improve unless the extant under-recovery sharing formula is changed.

18 Sep 2019 1:36 AM

The recent move aims at turning Temi Tea Estate into a major tourist destination in India, said Arijit Dutta, managing director, PEPL.

Sikkim invites tourists to tea garden

The latest move by the Sikkim government is expected to give a major fillip to Temi Tea brand, while creating value out of its unutilised property.

18 Sep 2019 1:31 AM

The lower priced biscuits have witnessed a 7 to 8 per cent decline in sales.

GST (il)logic: Tax on biscuit 18 per cent, bread 0 per cent, rusk 5 per cent

Biscuits priced below Rs 100 per kg accounts for 25 per cent of the biscuit market in value terms and 42 per cent in volume terms.

18 Sep 2019 1:29 AM

The mobile phone’s share in the online space is expected to less than 30 per cent by 2022, RedSeer said.

Mobile sales come down, but still in double-digits

No wonder, e-commerce biggies are gearing up for the festive season with special offers on mobile phones.

18 Sep 2019 1:26 AM

Airtel followed Jio with an average download speed of 8.2 mbps, and was followed by Vodafone (7.7 mbps) and Idea Cellular (6.1 mbps) in August.

Jio tops Trai's 4G mobile broadband chart in Aug with 21.3 mbps speed

Vodafone, however, maintained lead in terms of upload with 5.5 mbps speed.

17 Sep 2019 10:28 PM

The proposal was sent for the concurrence of the finance ministry.

Over 6 cr EPFO members to get 8.65 pc interest for 2018-19: Labour minister

At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.

17 Sep 2019 1:44 PM

The deadline for statekholders comments has been fixed for September 30, 2019 and counter comments, if any, by October 07.

TRAI seeks views on maximum duration for phone calls to ring

This may, in turn, impact the pattern of outgoing and incoming Minutes of Usage (MoU) on Point of Interconnection.

17 Sep 2019 9:17 AM

BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground. (Photo: AFP)

RBI allows payment of all recurring bills through BBPS

The system will provide multiple payment modes and instant confirmation of payment.

17 Sep 2019 9:05 AM

Realty bodies seek tax incentives and better interest rates for home buyers in order to spur demand for housing. Further rollover of bank loans and moratorium on interest payment will help developers complete their stuck projects across different segments.

Housing industry seeks tax sops, lower rates

Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among homebuyers.

17 Sep 2019 1:27 AM

Dark clouds have once again gathered over the Indian economy as the crude oil prices, which have stayed benign for the last few years, have shot up overnight and raised the prospect of moving up on supply disruption.

Oil-sensitive stocks dip

The country buys over two-thirds of its oil, mostly from the Middle East, making it most vulnerable to any rise in oil price.

17 Sep 2019 1:22 AM

In June-end, the investment was at Rs 81,913 crore, while it was at Rs 82,619 crore in the end of May and Rs 81,220 crore in April-end.

P-note investments continue to drop; stands at Rs 79,088-cr in Aug-end

The use of P-notes has been on a decline since 2017 and slumped to a nine-and-a-half year low of Rs 66,587 crore in October-end.

16 Sep 2019 3:19 PM

Former Prime Minister Manmohan Singh. (Photo: Twitter | ANI)

Centre should take CMs' views on changing Finance Commission's: Manmohan Singh

Cooperative federalism demands give-and-take, and which is why it is important for the Central Govt to make efforts to consult the states.

16 Sep 2019 10:58 AM

According to the Directorate General of Commercial Intelligence and Statistics, imports of natural rubber in India rose 27.4 per cent, month-on-month to 50,940 tonnes in July. Significantly, expectations of higher production this season also weighed on contracts.

Rubber futures hit six-month low

The overall sentiment in the market remains bearish due to a rise in imports coupled with sluggish demand from tyre makers, traders said.

16 Sep 2019 2:46 AM

While imports of all products in the man-made fibre (MMF) value chain has steeply increased since the introduction of GST, destructing the domestic manufacturing industry, imports of polyester and viscose spun yarn have particulalry shot up multi-fold lately.

Man-made yarn imports up multi-fold in July

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019.

16 Sep 2019 2:40 AM

CAIT is of the view that traders are forced to sell the goods packed in single- use plastic by big manufacturers.

Issue guidelines to remove confusion on single-use plastic: Traders' body

Confusions, if not taken cognisance of, may prove to be a roadblock in eradication of single-use plastic, CAIT said.

15 Sep 2019 4:55 PM

Sitharaman also said the interest rate on housing building advance will be lowered and linked to the 10-year G-sec yields.

Government announces steps to boost housing, facilitate homebuyers

This window will help in completion of affordable and middle income housing projects.

14 Sep 2019 4:11 PM