The US has decided to review India's eligibility to enjoy duty free access for certain products in the American market under a tax benefit scheme.
US office vacancy rate for the first quarter rose to 16.5 percent, the highest since 2015, despite a healthy job market, according to real estate research firm Reis Inc.
The US Federal said its remittances to the US Treasury fell to $80.6 bn in 2017, in part because the central bank made larger interest payments to financial institutions.
IMF Managing Director Christine Lagarde said she sees positive and negative effects from a “complicated” US tax overhaul.
Drug firm Pfizer said Gelusil, Becosules and Corex brands in India will be included in the global strategic review of the consumer healthcare business of Pfizer Inc.
GE faces potential action over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages.
HSBC 2017 pre-tax profit rose 142% as the lender avoided the multi-bn dollar restructuring costs that marred its 2016 results but the profit growth lagged expectations.
Cisco reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker’s years-long efforts.
MetLife said internal failure that resulted in its not making payments to thousands of pensioners stretched back a quarter of a century and it would take a major effort.
The economy will accelerate to 7.5 percent in FY19 and there is a slim chance of the much- feared rate hike by the central bank in the near-term as inflation risks abate.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co