Demonetisation, GST will widen tax base: Bibek Debroy

 
Demonetisation, GST will widen tax base: Bibek Debroy
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Indian Markets

 
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    9,978.25 42.30   (-0.42 %)

Global Markets

 

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Republican senators threaten to bolt from Obamacare repeal effort

Jul 28 2017

As U.S. Senate Republican leaders tried to pass a slimmed-down Obamacare repeal, some threatened to bring the entire effort to a halt.

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US Senate approves sanctions bill targeting Russia, Iran

Jul 28 2017

The US Senate on Thursday overwhelmingly approved a bill that will slap tougher sanctions on Russia, Iran and North Korea.

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US House of Representatives boosts military spending

Jul 28 2017

The U.S. House of Representatives on Thursday approved a $68 billion increase in military spending next year.

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Amazon profit slumps 77 percent as costs surge, shares fall

Jul 28 2017

Amazon.com Inc reported on Thursday a 77 percent slump in quarterly income and forecast a potential operating loss in the current quarter.

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Joint drill with China not to start military alliance: Putin

Jul 28 2017

Russian President Vladimir Putin assured on Thursday that the ongoing Russia-China joint naval drill in the Baltic Sea was not meant to start new military alliance.

Stocks In News

 

IOC

Raises Petrol Price by 10 Paise/Ltr for Friday, Ex-Delhi

Hikes Diesel Price by 9 Paise/Ltr for Friday, Ex-Delhi

VEDANTA

Vedanta sees golden opportunity to buy Deccan Gold Mines

Vedanta is negotiating to buy a 26% stake

ESSAR OIL

Ruias strike complex royalty deal with new owners of Essar Oil

Ruias would receive royalty as they continue to use the ‘Essar’ brand

The $12.9 billion deal which includes loan liability of Essar Oil is expected soon

Close to $3 billion would go towards normalising the working capital level

Rosneft would buy 49% stake in Essar Oil’s refinery, port and petrol pumps

2% would be held by Ruias

DHANLAXMI BANK

Financial Express Reports:

Bajaj Allianz Life Insurance has renewed its partnership the Corporate Agency agreement with the bank

Under the agreement, the bank will continue to sell products of Bajaj

PNB

Financial Express Reports:

It plans to raise Rs 3000 cr by follow on public offer, rights issue or QIP

The BoD will meet next month to consider the proposal

PNB

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

ADITYA BIRLA FASHION

Financial Express Reports:

The Co is downsizing its retail chain of stores as a part of its restructuring process

The Co has shut 54 Madura stores and 1 Pantaloons store

RCOM

Financial Express Reports:

The Co has asked for time from the Mumbai NCLT

It hopes to convince China Development Bank to withdraw its objection to sale of its tower business

The Co also hopes to go ahead with the proposed merger with Aircel

L&T FINANCE HOLDINGS

L&T Finance Holdings is planning a stake sale in L&T MF

It is looking to list the co

The IPO will give L&T Finance an opportunity to monetize its investments

twitter @BTVI

 

EXCLUSIVE ARTICLES

 
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Mallya offers to settle dues, banks await more clarity

Jul 28 2017

The embattled liquor baron Vijay Mallya once again offered to settle his Rs 9,000 crore debt with lenders.

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Exclusive: New 1,000 note in the offing?

Jul 28 2017

The specifications and security features of the new Rs 1,000 note have been finalised.

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Exclusive - Dhampur Sugar Mills under tax net

Jul 28 2017

The I-T Department has conducted survey at the corporate office of Dhampur Sugar Mills in New Delhi between January 4 and January 7.

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Demonetisation a big bold step, Budget must roll out stimulus

Jul 28 2017

Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.

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Month after demonetisation, Rs 15,150 cr of new Rs 500 notes printed

Jul 28 2017

Scarcity of new Rs 500 notes was due to the fact that final decision to print large volumes was only taken after Nov 8.