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Updated: 1 hour 7 min ago
The wholesale price index-based inflation, reflecting the annual rate of price rise, in November stood at 3.15 per cent. The decline in wholesale inflation is in contrast to the fall in retail inflation, which hit a three-year low of 3.41 per cent in December.
India banned foreign investment in cigarette manufacturing in 2010, but it still allowed tobacco companies to invest through technology collaboration and licensing agreements. Investments could also be made by forming a trading company.
Leading bourse BSE has fixed the price band at Rs 805-806 per share for its upcoming initial public offering (IPO), through which it aims to raise up to Rs 1,243 crore. The IPO opens on January 23 and closes on January 25, which will be the first by a domestic stock exchange.
The benchmark BSE Sensex shed about 55 points and the NSE Nifty slipped below the 8,400-mark in early deals on Monday on sustained capital outflows by foreign funds and selling by retail investors amid weak global cues.
Online grocers BigBasket and Grofers have held merger talks, though these discussions are preliminary and have moved slowly so far. If the deal goes through, it will be one of the most significant moves made towards bringing about consolidation in a cash-guzzling consumer internet economy.
The Centre and states are looking at a formula to sort out the row over levying goods and services tax on the high seas by letting the government collect the tax and pass it on to the states.
The government has decided that Air India will almost double its fleet by adding over 100 aircraft, but without burdening the exchequer with a mammoth debt burden like last time. The airline will grow by leasing aircraft instead of purchasing them, the model adopted by Congress-led UPA.
RCS, or UDAN (Ude Desh Ka Aam Naagrik), was introduced as part of the National Civil Aviation Policy 2016 and was formally launched in October last. It provides an opportunity to take flying to the masses by way of fiscal incentives, infrastructure support and monetary subsidies.
Making a strong appeal to different political parties to let the Union Budget for 2017-18 be presented to Parliament on February 1, the apex industry chamber Assocham said the advancement to this effect would help the government to begin its capital and other expenditure right from April and revive the much needed economic growth.
Amazon.in will create well over 7,500 temporary jobs for its upcoming sale, and these positions will mostly be in logistics to ensure smooth deliveries. Amazon.in will host its 'Great Indian Sale' between January 20-22, 2017.
Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate tax rates when he presents the Budget for 2017-18, according to a survey.
The combined market valuation of seven of the top-10 most valued Indian companies surged by Rs 37,833.55 crore last week, with HDFC Bank emerging the biggest gainer.
A Sebi panel has proposed increased transparency in the processes for appointment and removal of board of directors. The panel has also said that companies should have better systems for evaluating the performance of directors and should periodically disclose how board members have performed.
Halting its four-day winning run, gold drifted lower by Rs 100 to Rs 29,350 per 10 gram at the bullion market in Delhi due to weak retail demand. However, silver recaptured the Rs 41,000-mark by rising Rs 250 to Rs 41,200 per kg on increased offtake by industrial units and coin makers.
He may not necessarily become chairman of all operating companies, a break from the practice followed by his predecessors, Mistry and before him, Ratan Tata.
Govt will have to quickly take a call on whether it will rejig indirect taxes in the budget to prepare for the launch of GST or leave them as they are. According to the GST constitutional amendment passed by Parliament last year, the current indirect tax regime will lapse by Sept 17.
Various employee unions of the central bank have objected to the government “impinging on RBI autonomy” and have written to governor Urjit Patel to take action against the “unwarranted interference”.
SpiceJet announced it will buy up to 205 Boeing planes worth $22 billion or Rs 1.5 lakh crore at list price. The low-cost carrier increased its existing order of 55 single aisle B 737-8 by 100 to 155 planes. An additional 50 planes have been placed as optional order, taking the total to 205.
The National Institute of Technology-Trichy (NIT-T), earlier known as Regional Engineering College (REC), was a turning point in the career of N Chandrasekaran, chairman designate of Tata Sons.