Business

Global giant Tata Steel on Thursday said it has inked a pact to sell its Specialty Steel business that employs 1,700 people to Liberty House Group for 100 million pound (about Rs 840 crore).

Sanyal will work under the Department of Economic Affairs.

Most of the fiscal and revenue targets set in the Budget are achievable and it reaffirms the government intent of gradual fiscal consolidation apart from signalling continued commitment to broad-base the reform agenda with a greater focus now on widening...

This is a Horlicks budget – its lack of real taste is balanced by its lack of real substance. This was alas also the last budget where this government could have done something really different; by budget time next year, everyone will be thinking election...

Finance Minister Arun Jaitley today proposed creation of a six-member Payments Regulatory Board in the RBI, headed by its Governor, as part of bringing about structural reforms in the payment eco-system.

Realty stocks surged up to 20 per cent on Wednesday after the government announced infrastructure status to affordable housing to encourage investment in the segment and offered tax sops for developers sitting on completed unsold inventories.

Finance Minister Arun Jaitley has outlawed cash transactions above Rs 3 lakh in line with the government’s war on black money, eased income tax rates for those on modest incomes and slashed corporate taxes for small and medium firms.

Shares of most of the railway sector related companies declined as much as four per cent ahead of presentation of the first Rail Budget subsumed in the General Budget on Wednesday.

The recently introduced immigration restrictions by US President Donald Trump and the new legislation that aims to rework the H1-B visa programme dealt a blow to IT stocks, which saw a big fall.

The Survey sees fiscal windfall from invalid notes not returned. Excise related taxes will also fall around 0.1% of FY18 GDP

Finance Minister Arun Jaitley will on Wednesday (February 1) present his fourth and perhaps the most challenging Budget that may look to soften blow of currency ban with tax and other sops as he seeks to revive growth.

Government is contemplating to make Aadhaar or Unique Identification (UID) card mandatory to avail rail concession, and an announcement is likely to be made by Finance Minister Arun Jaitley while presenting the first combined General and Railway Budget on...

Cracking the whip, regulator Sebi on Wednesday barred beleaguered businessman Vijay Mallya and six others from the securities market in a case related to alleged fund diversions from United Spirits Ltd.

The benchmark Sensex advanced by over 100 points in early trade on Tuesday, building on Monday's recovery, as investors and domestic institutions widened their bets amid mixed global cues.

The 30-share Sensex moved both ways before settling at 27,117.34, up 82.84 points, or 0.31 percent. Intra-day, it moved between 26,963.58 and 27,167.79.

Budget 2017 may have proposals for the creation of an acceptance development fund (ADF) to encourage a bigger card payment infrastructure and contain amendments to government rules to include digital modes of payment alongside other modes of payment.