Economic Times /
From the hug to handshake: Tackling terror top-most priority, says PM after Trump meet

WASHINGTON: Prime Minister Narendra Modi and US President Donald Trump today struck a common note on terrorism, vowing to strengthen efforts to fight the scourge and eliminate safe havens for terrorists. "Eliminating terrorism is among the topmost priorities for us," Modi said in his joint statement with the US president at the White House Rose ...

Economic Times /
Ordinance empowering RBI in tackling bad loans only a one-off measure: YV Reddy

MUMBAI: The ordinance empowering Reserve Bank to direct banks to take defaulters to bankruptcy courts is blurring the roles of the regulator and the government, although it could be considered a desperate, one-off measure under extraordinary circumstances, said YV Reddy, former governor of RBI. Indian banks are sitting on Rs 6.14 lakh crore of ...

Economic Times /
Relief for Amazon, Flipkart as govt delays key GST provision 

NEW DELHI: The government has deferred implementation of a provision that required ecommerce players such as Amazon and Flipkart to deduct tax on ...

Economic Times /
Developers reel under losses as Rajasthan companies shut off wind power supply

NEW DELHI: Wind power developers in Rajasthan face losses once again as state distribution companies unplug their supply from the grid, a practice ...

Economic Times /
IIT Kharagpur develops technology to help cut through fog

NEW DELHI: An algorithm developed by IIT Kharagpur promises to cut delays and cancellations of flights and trains by clearing hazy visuals caused by ...

Economic Times /
Expats face similar hardships in India and China

MUMBAI: For an expat in India, finding a school admission for his kid is as easy or difficult as a foreigner living in China. An analysis based on ...

Economic Times /
'Walmart to benefit from GST in India'

WASHINGTON: Walmart will be benefited by the Goods and Services Tax (GST) which will be a win-win situation for all, the American retail giant's top official in India said here today as the landmark tax reform measure is all set to be rolled out on July 1. "For instance, in the medium to long term when it becomes one national unified market, you ...

Advertisment
Economic Times /
Telcos to absorb GST burden on prepaid users

KOLKATA: Come Saturday, telcos are likely to absorb a 3% increase in tax rate under the goods & services tax (GST) regime on their full talk-time (FTT) prepaid products as well as on select data sachet prepaid vouchers amid heightened competition ...

Economic Times /
Chinese Army at it again as Sino-Indian troops' scuffle leads to bunker damage

NEW DELHI: Tension mounted in a remote area of Sikkim after a scuffle broke out between personnel of the Indian Army and the People's Liberation Army (PLA), leading to Chinese troops damaging bunkers on the Indian side of the border. The incident happened in the first week of June near the Lalten post in the Doka La general area in Sikkim after a ...

Economic Times /
Financial year likely to be changed from 2018; Budget in November?

NEW DELHI: Come 2018 and the financial year in India could commence from January instead of April as the Centre appears set to make the historic transition to end the 150-year-old tradition. Accordingly, the next Budget could be presented by the Centre in November this year, high level government sources told PTI today. The sources said the ...

Economic Times /
Will repay Rs 125 cr debt to PSU bank by June-end: PK Purwar, MTNL CMD

NEW DELHI: State-owned telecom corporation Mahanagar Telephone Nigam Ltd (MTNL) today said it expects to repay about Rs 125 crore of debt before ...

Economic Times /
Apple is making phones in India, Tim Cook tells Prime Minister Narendra Modi

NEW DELHI: Apple CEO Tim Cook is learnt to have told Prime Minister Narendra Modi about the company’s first India-made iPhone — iPhone SE — during a ...

Economic Times /
IT workers worry about a job threat: Technology

By Nida Najar PUNE: Last month, Sudhakar Choudhari took the company bus as usual from his one-bedroom apartment to the suburban offices of Tech Mahindra, a major employer of workers in India that powers the global technology machine behind the ...

Economic Times /
GST-wary FPIs create heavy dollar positions to counter volatility

This Indian summer, overseas funds have an unusual favourite beyond stocks: Forward currency contracts. India’s events calendar over the next couple of months is dominated by the goods and services tax (GST), billed as the biggest tax reform since Independence. The teething troubles associated with the switchover could impact both corporate ...

Economic Times /
Over 25 per cent of India Inc’s directors have an MBA

MUMBAI: Given the popularity of an MBA degree in India, an MBA/MBA-equivalent is the most commonly held qualification among directors on boards of companies. A study by executive search firm Executive Access India — done exclusively for TOI — says more than a quarter (26%) of directors, on an average, hold an MBA/MBA-equivalent degree, followed by ...

Economic Times /
Why Future Group's Kishore Biyani does not want to invest in e-comm

KOLKATA:For the Future Group, the Web is a classic case of once bitten, twice shy. The pioneer of organised retailing in India, Future Group CEO Kishore Biyani now says he wouldn’t invest or operate in the e-commerce space for at least two years. ...

Economic Times /
Promoter holdings remain same as India pharma battles rough seas

In the past two years, pharma stocks have come off their record highs as investors steadily dumped them in wake of worsening regulatory and pricing ...

Economic Times /
Use 9,400 as new base for Nifty and create fresh longs in index

Investors can expect more declines in the mid and smallcap stocks in the coming weeks. Traders could use 9,400 as the new base and create fresh longs ...

Economic Times /
"He's a good guy, I like him", India hopes to hear this again after Modi-Trump meeting

59315046 59315101 59309600 59313389 By Pranab Dhal SamantaPrime Minister Narendra Modi's first conversation with US President Donald Trump hangs on two pillars -- personal bonding and policy continuity. These are the two big boxes waiting to be ticked on Monday and while staff on both sides might be busy with the details, the fact is that they ...

Economic Times /
GST rollout: Companies say retailers refusing to buy fresh stocks

NEW DELHI | MUMBAI: A tussle has erupted between large consumer companies and organised trade just ahead of the introduction of the goods and services tax (GST) on July 1. Companies say that large retailers are refusing to buy fresh stocks starting June 26 till the month ends, while retailers want consumer companies to protect margins. "Educating ...

Economic Times /
RBI's new diktat could see banks face Rs 50,000 crore blow

MUMBAI: The Reserve Bank of India shocked bank chiefs late on Friday by demanding a steep increase in provisioning requirements for loans being referred to the bankruptcy courts, a move likely to take a Rs 50,000-crore toll on their earnings this fiscal, said two bankers familiar with the order. RBI told banks to set aside at least 50% of the ...

Economic Times /
RBI's new diktat could see banks face Rs 50,000 crore blow

MUMBAI: The Reserve Bank of India shocked bank chiefs late on Friday by demanding a steep increase in provisioning requirements for loans being ...

Economic Times /
Tata Group to enter online grocery business by acquiring Gurgaon-based GrocerMax

MUMBAI | NEW DELHI: The Tata group is buying out the management team and technology infrastructure of Gurgaon-based GrocerMax to enter the online ...

Economic Times /
8 things that businesses need to do before GST

GST is less than a week away. ET brings a last minute check-list by PwC of all the things that businesses need to do. GET REGISTERED FOR GST Under ...

Economic Times /
RTI reveals banks have no liability for loss of valuables in lockers

NEW DELHI: Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring ...

Economic Times /
Nominated banks not taking fresh orders for gold imports till GST clarity emerges on July 1

MUMBAI: The $5 an ounce discount in the gold market has reduced sharply as bullion banks have stopped importing on consignment basis until clarity emerges on GST treatment over such imports, claimed a Kolkata based bullion dealer. "Banks prefer to wait and see until after July 1 when GST kicks in," said Harshad Ajmera, Kolkata based bullion ...

Economic Times /
Trump calls Modi 'true friend', builds rapport ahead of maiden meet 

WASHINGTON: US President Donald Trump said today that "strategic issues" would be on the table when he holds talks with his "true friend" Prime Minister Narendra Modi here tomorrow, as the two leaders look to strike a personal rapport in their maiden meeting. "Look forward to welcoming India's PM Modi to @WhiteHouse on Monday. Important strategic ...

Economic Times /
IDFC Ltd elevates Sunil Kakar as MD and CEO for 3 years

NEW DELHI: IDFC Ltd today announced the elevation of its CFO Sunil Kakar as the Managing Director and Chief Executive Officer of the company with effect from July 16 (rpt) July 16 for three years. Kakar has also been appointed as additional ...

See More  
Advertisment
Advertisment
back to top