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  • Boeing sees growth in demand for airplanes in Southeast Asia

    22 September, 2017 4:10 AM 24

    Boeing Co said it sees demand for new airplanes worth $650 billion in Southeast Asia over the next two decades. The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2 percent. Single-aisle airplanes, like the 737 MAX, would account for more than 70 percent

  • Modi government's planned booster dose for economy puts policymakers in two minds

    21 September, 2017 8:20 PM 32

    NEW DELHI: India is considering a package of stimulus measures to boost exports, encourage domestic investment, support small and medium enterprises and provide more money for rural infrastructure and affordable housing but policymakers are not keen on relaxing fiscal deficit targets to accommodate this extra spending. Concessional credit to small and medium

  • ‘13.76 lakh GST returns filed for Aug.’

    21 September, 2017 5:29 PM 19

    More than 13.76 lakh taxpayers filed their returns for August on the Goods and Services Tax portal, according to the GST Network. The last date for filing was September 20. A total of 46.4 lakh taxpayers filed their GSTR-3B forms for July, representing about 78% of all taxpayers registered on the GST Portal and eligible to file GSTR-3B, the GSTN added

  • Appellate tribunal grants waiver to Mistry

    21 September, 2017 4:36 PM 20

    ‘Stake criteria’ helps move NCLT again The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed Cyrus Mistry’s petition against Tata Sons on grounds of maintainability, but granted a waiver with respect to a criteria related to shareholding that allows the former chairman of Tata Sons to move the National Company Law Tribunal (NCLT)

  • ITI bags ₹7,000-crore defence deal

    21 September, 2017 4:25 PM 24

    Public sector firm ITI Ltd. on Thursday won a ₹7,000-crore deal from the defence ministry to deploy and maintain phase four of the Army’s modern communication network across India. “Valued at over ₹7,000 crore, we are very excited to take up ASCON phase IV. The project will provide telecom solution and infrastructure with a warranty period of two years

  • Centre plans to loosen fiscal deficit target for spending ₹50,000 cr. more

    21 September, 2017 12:23 PM 21

    It is aimed at reviving economic growth, say two govt. sources. The Union government plans to loosen the fiscal deficit target so that it could spend an additional $7.7 billion (₹50,000 crore) in the financial year ending March 2018, two government sources said on Thursday. Both the officials declined to be named, as the plan, aimed at reviving economic

  • Economists caution FM Arun Jaitley: Don't go Pranab's way with stimulus

    21 September, 2017 10:29 AM 22

    Just when it looked like good going, the Modi government faces an existential crisis: red lights are blinking on the country's major macroeconomic parameters. Pressure is mounting on the government for policy support to pump-prime the economy, but analysts are prescribing patience. Going for quick fixes could undo the good work done so far and cause

  • Exclusive: JPMorgan's call on oil & gas space

    21 September, 2017 8:01 AM 21

    In an interview to CNBC-TV18, Scott Darling of JPMorgan shared his views on oil and gas sector. One of our key findings is liquefied natural gas (LNG) buyers want more contract flexibility, said Darling. He further said that he is impressed with what GAIL India is doing with some of their contracts and how they are optimising their cargos. "We prefer

  • NCLAT Allows Waiver Plea Of Two Cyrus Mistry Firms Against Tata Sons

    21 September, 2017 7:35 AM 28

    New Delhi: The National Company Law Appellate Tribunal (NCLAT) today allowed pleas by two Cyrus Mistry firms seeking waiver in filing case of oppression and mismanagement against Tata Sons. It, however, dismissed Mistry's other petition on maintainability saying the firms do not have more than 10 per cent in Tata Sons. The appellate tribunal has granted

  • Income Tax raids Cafe Coffee Day founder VG Siddhartha’s offices

    21 September, 2017 5:53 AM 20

    BENGALURU: Income Tax officials began raids on the offices of Cafe Coffee Day founder and investor V.G.Siddhartha at multiple locations in Mumbai, Bengaluru and Chennai, including his hometown of Chikmagalur in Karnataka. The search operations began in the morning, and are continuing now. Initial reports said the IT teams conducted searches at about