Policy

 

GST refund to foreign tourists at airports on the cards

Jun 10 2018

Foreign tourists may soon get to claim GST refunds at airports at the time of exit as revenue dept is working on a mechanism to refund taxes paid by them on local purchases.

Govt to showcase mineral blocks to be auctioned in FY'19

Jun 10 2018

The mines ministry will next month showcase mineral blocks to be auctioned in the current financial year to attract potential investors.

Govt to strengthen supply chain of Jan Aushadhi stores

Jun 10 2018

The govt is strengthening back-end supply chain of over 3,600 Jan Aushadhi stores to ensure availability of low-cost generic medicines, a senior govt official said.

Cabinet may decide on FAME II scheme in a month: Geete

Jun 10 2018

The Union Cabinet may decide on the roll out of the FAME India scheme's second phase to boost adoption of energy-efficient vehicles in a month's time, Geete said.

Trump asked to reconsider tariffs imposed on Canadian steel

Jun 10 2018

Trudeau has pressed Washington to reconsider the US tariffs imposed on Canadian steel and aluminum.

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Global Markets

 

Stocks In News

 

ICICI BANK

I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports

BANK OF MAHARASHTRA

3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr

IPO UPDATE

RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1

IDBI BANK

SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets

INDIAN HOTELS

Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body

INDIGO CLARIFIES

Have not received any notice from ED on FEMA violations

WELSPUN CORP

U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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