Business

Nirmala Sitharaman in her maiden Budget speech proposed a 3 percent increase for annual incomes between Rs 2 crore and Rs 5 crore and a 7 percent increase for incomes above Rs 5 crore.

Finance Commission chairman NK Singh Thursday said finance minister Nirmala Sitharaman has reacted "positively" to the request, adding the same plea was also made to her predecessor Arun Jaitley.

The economy has also been impacted by slowing trade, rising protectionism, trade conflict between the United States and China, Brexit, US sanctions on Russia, Iran and Venezuela impacted the domestic economy.

A chief general manager with the RBI said large value frauds worth Rs 50 crore and above, constituted about 1 percent of the fraudulent cases but amounted to three-fourths of the fraud losses.

After a highly volatile session, the 30-share index settled 129.98 points, or 0.33 per cent, higher at 39,816.48. The index hit an intra-day high of 39,838.49 and a low of 39,499.19.

The QIP committee of the board of directors, at its meeting held on Saturday, approved the issue and allotment of over 2.26 crore equity shares to eligible qualified institutional buyers at the issue price of Rs 928 per share, said Godrej Properties.

In an exchange filing, Eveready had said that PwC has quit citing reservations on certain inter-group transactions, worth Rs 60 crore, that the promoter made during FY19.

Capital markets provide financial resources for the long-term sustainable development of the economy, therefore it is considered an important element in the macro-financial policy toolkit, Acharya said.

On Saturday, the QIP committee approved the issue and allotment of over 2.26 crore equity shares to eligible qualified institutional buyers at the issue price of Rs 928, aggregating to Rs 2,100 crore, Godrej Properties said in a regulatory filing.

Rakesh Mohan said the Aayog's function to coordinate public investment programmes between ministries at the central level and across states must be restored but within the framework of new cooperative federalism.

In 2017, the Cabinet Committee on Economic Affairs had in-principle approved the consideration for strategic disinvestment of Air India and its five subsidiaries.

With unconstrained free high-speed WiFi connectivity, an average user consumes 343 MB in an average 30-minute data session, which is much higher than an average 3G connection in the country, RailTel said.

In February, the government released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow.

For issuance of standalone Own Damage annual cover as well as for renewal of the component of a bundled cover, insurers will have to ensure that the cover is offered only if a motor third-party cover is already in existence or is taken simultaneously.

The guilty plea, and the $282 million in fines that Walmart has agreed to pay, capped one of the biggest investigations ever under the Foreign Corrupt Practices Act.

The US Federal Reserve said on Wednesday that it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month.