The Tamil Nadu government on Friday moved the Supreme Court challenging a Madras High Court order that cancelled the land acquisition announcement for the controversial eight-lane expressway between Chennai and Salem at a cost of about Rs 10,000 crore. The state government counsel mentioned the matter for urgent hearing before a ...
Global IT solutions provider Sonata Software has reported Rs 65 crore consolidated net profit for the fourth quarter of fiscal 2018-19, registering 19 per cent growth from Rs 55 crore in the same period a year ago. "Consolidated net profit for fiscal 2018-19 grew 29 per cent annually to Rs 249 ...
With the elections resulting in a decisive mandate, the attention will now shift to policy -- both fiscal and monetary -- with the key aim of spurring growth, boosting the slowing consumption and attracting private investment. From a monetary policy perspective, the stated objective has been inflation-...
Digital payments firm Paytm on Friday announced it has grabbed over 50 per cent market share in the payment gateway industry. The company claimed it was ahead of the competition with largest volume and the largest merchant base and has processed over 400 million transactions each ...
Optimism over Prime Minister Narendra Modi's new cabinet drove the markets near its peak on Friday led by IT, banking and financial companies. At 9.54 a.m., the S&P BSE Sensex was trading 273.74 points or 0.69 per cent higher at 40,105.71. ...
US stocks ended slightly higher as investors digested a batch of tepid economic data....
In a bid to promote a gas-based economy, the new Government may cut customs duty on liquefied natural gas (LNG) to zero per cent from 2.5 per cent, to cut cost of power further and aid city gas distribution (CGD) projects besides boosting fertiliser production, according to official sources....
Days after the top deck of Gujarat-based Manpasand Beverages, including the company's Managing Director, were arrested on allegations of GST fraud, its scrips on the BSE hit an all-time low on Thursday. Since May 24, Manpasand scrips have lost over half of its value. On Thursday, ...
The government is likely to raise the non-tax revenue (NTR) target moderately from the Rs 2.72 lakh crore set in the interim budget on the back of spectrum auction that will form a part of the NTR in the July Budget. This year RBI excess reserves are also likely to be part of the NTR but the ...
Prime Minister-elect Narendra Modi, who will be sworn in on Thursday for a second term in office, is set to give wings to the dream of millions by raising the budget for UDAN (Ude Desh ka Aam Nagrik) substantially for the next 10 years. The Civil Aviation Ministry has prepared the proposal seeking additional funds ...
