Business

Besides Punjab, several other states like Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall post the implementation of Goods and Services Tax (GST).

Senior advocate C A Sundaram representing the two firms said that removal of the chairman was not even on the agenda item of the board meeting of Tata Sons on October 24, 2016, when he was sacked.

These exports, however, are subject to prior permission/no objection certificate to be obtained by the manufacturers/exporters from the department of fertiliser, the directorate general of foreign trade in a notification said.

Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC also suffered losses in their market capitalisation (m-cap) for the week which ended on Friday.

Unviable foreign operations are being shut while multiple branches in same cities or nearby places are being rationalised with a view to achieve efficiency, sources said.

The news also jolted currency markets and German government bond yields held close to their lowest in over two years.

The scrip of Dena Bank plummeted 19.77 per cent to Rs 14.40 on BSE. Shares of Vijaya Bank plunged 7.44 per cent to Rs 47.25. The scrip of Bank of Baroda, however, gained 3.30 per cent to Rs 123.35.

At the Multi Commodity Exchange, crude oil for delivery in January contracts fell by Rs 109, or 3.28 per cent, to Rs 3,219 per barrel with a business turnover of 25,218 lots.

A 14.2-kg subsidised LPG cylinder will cost Rs 494.99 in the national capital from midnight tonight as against Rs 500.90 currently, Indian Oil Corp (IOC).

The strengthening rupee supported the upward move in the domestic stock market as the domestic unit gained 19 paise to 69.76 against the US dollar in morning trade.

Addressing the 101st Annual Conference of the Indian Economic Association at the Vellore Institute of Technology, Former RBI Governor and former Andhra Pradesh Governor C Rangarajan, said that growth was the solution to many of the socio-economic problems...

Extending gains for the third session, the 30-share index was trading 306.16 points, or 0.86 per cent, higher at 36,113.44. The index had ended 157.34 points, or 0.44 per cent, higher at 35,807.28 in the previous session Thursday.

This second call for a strike by bank employee unions, coupled with public holidays, have crippled financial transactions across the country since December 21 as PSBs have remained shut for five out of the last six days.

Yechuri alleged that Modi's calim was 'post truth' as 97 percent of merchandise or services already attract 18 per cent or less GST. He also said that the Centre wants to gag dissenting voice, he said people talking against the government are termed 'urba...

Marketmen attributed the inflow to persistent fall in crude oil prices, which dropped to over 15-month lows, and strengthening rupee against the dollar.

While air conditioners and dish washers were not removed from the 28 percent slab, three items were moved from 18 percent to 12 percent, one item was shifted from 18 percent to 5 percent along with other changes in tax rates as well.