Monday, Dec 11, 2017 | Last Update : 05:52 AM IST

Economy

 Finance Minister Arun Jaitley. (Photo: PTI)

12, 18 per cent GST rates to be merged; luxury items in 28 per cent slab

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

Report said credit growth is likely to recover gradually, but a sharp uptick is ruled out until balance sheets are cleaned up.

Fitch may revise banks' rating if recapitalisation done early

Govt had announced a Rs 2.11 trillion capital infusion for public sector banks over next two years.

The Bill also seeks to deal with insolvency of financial service providers.

FRDI Bill depositor friendly, provides more protection: Finance Ministry

Provisions in the FRDI Bill do not modify current protections for depositors adversely at all.

Commission was cognisant that it has been assigned wide-ranging ToR which needed to be suitably addressed.

First meeting of 15th finance panel takes off

Endeavour of Commission to reach out to many research organisations in different parts of country to suitably address ToR.

Finance Minister Arun Jaitley. (Photo: AP)

GST made doing business easier for traders: Jaitley

GST has made doing business easier for traders by expanding market place and reducing tax compliance burden.

Market

The market capitalisation of listed firms on NSE stood at Rs 1,44,03,656.47 crore.

Nifty gains for 4th consecutive day, up 28 points

NSE Nifty opened higher at 10,329.25 and moved in a range of 10,358.70 and 10,315.05 before ending at 10,326.90.

The 30-share index gained 175.53 points or 0.53 per cent higher at 33,008.47 with sectoral indices led by IT, teck and healthcare trading in the positive zone.

Stocks advance in volatile trade on value buying

National Stock Exchange's Nifty too was trading higher 57.40 points or 0.56 per cent at 10,179.20.

The Nifty slumped 134.75 points or 1.30 per cent to end the day at 10,226.55 while the Sensex lost 453.41 points or 1.35 per cent to close the day at 33,149.35.

Bourses crash on fears of missing fiscal deficit target

According to the provisional data, FPIs offloaded shares worth Rs 1,500.76 crore.

NSE Nifty recovered by 49.25 points or 0.49 per cent to 10,093.35.

Sensex rebounds 149 points in early trade

All sectoral indices led by capital goods, power, oil and gas and PSU were trading in green with gains of up to 1.20 per cent.

Companies

Funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes. (Photo: PTI)

Fund raising via preferential allotment rises 8 pc in Apr-Oct

As per SEBI data, funds raised by listed firms through preferential allotment stood at Rs 26,361 crore.

At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking.

Govt ropes in ICICI Bank to enable cashless payments on e-NAM

At present, 470 mandis across 14 states are live and 90 commodities are being traded on e-NAM platform.

 MMOPL had moved the Supreme Court against the high court's order.

High Court restrains MMOPL from hiking Mumbai Metro fares

MMOPL had contended that it was incurring losses of up to Rs one crore per day with the existing fares.

IT company Wipro on Monday said it will open Rs 11,000 crore share buyback scheme on November 29 for Rs 320 a unit. (File Photo)

Wipro announces Rs 11,000 crore share buyback plan

Share buybacks improve earnings per share and return surplus cash to shareholders.

Railway seems to have finally come out of the rut after a dip in passenger traffic since 2013-14 and a marginal high in 2016.

Railways record 5 per cent jump in freight, passenger traffic

Overall freight loading saw a growth of 747.70 million tonne in these eight months of this year.

Autos

The KUV100 is likely to share its battery pack and electric motor with the e2o Plus, but its weight may keep it from matching the e2o's kilometres-per-charge figure.

Mahindra KUV100 NXT electric to launch by 2019

e2o Plus was built from the ground-up to be an electric car, and to deliver maximum cruising range per charge.

Bentley regional manager (Middle East, Africa and India) Neil Wilford (right) along with Exclusive Motors MD Satya Bagla at the newly-launched showroom in Hyderabad on Friday. (Photo: Asian Age)

Bentley eyes 15 per cent growth in India

Bentley India’s sole dealer in India, Exclusive Motors, was careful when speaking about the growth projection. 

It has been more than two years since Maruti launched the Nexa range of showrooms, and with it, the S-Cross. About time we got the new one, right?

Maruti Suzuki launches S-Cross facelift at Rs 8.49 lakh

S-Cross is now only available with the smaller 1.3-litre diesel engine.

Honda Grazia is a sportier avatar of the Honda Activa 125 and bookings for the scooter will commence from October 25th across all Honda dealers in India

Honda to soon launch a new 125cc Scooter

Honda dealerships across India have started accepting bookings for the Grazia for a token amount of Rs 2,000.

In Other News

Bitcoin has more than tripled in price since the start of October, putting it on track for its best quarter since the end of 2013, when it surged above $1,000 for the first time.

Bitcoin keeps rising ahead of futures roll out

Even more volatility likely due to greater speculations, warn experts.

Madhusudan E.

NBFC targets students for small-ticket loans

The company, which got its licence from RBI in May, said NBFCs such as IIFL are already partnering with us.

Pradeep Singh kharola

AI appoints Pradeep Singh kharola as chairman

Bansal had himself succeeded then Air India CMD Ashwani Lohani who had been then appointed as Chairman of the Railway Board.

EPFO has made it easy with this facility with an objective of having 'one employee, one EPF account'.

Merge 10 old EPF accounts at one go with EPFO's new service

Currently EPFO subscribers are required to file separate transfer claims online using UAN on EPFO's UAN portal.

 Deadline for linking PAN with Aadhaar previously was July 31 but was extended to August 31 and later to December 31, 2017. (Photo: PTI)

Deadline for PAN-Aadhaar linkage extended till March 31

This is the third extension given by the govt to individuals to link the PAN with the biometric ID.