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13 December, 2018 10:40 AM Pakistan SC orders Imran Khan's sister to pay Rs 2,940 crores as fine, tax on foreign properties

Pakistan's Supreme Court on Thursday ordered Prime Minister Imran Khan's sister Aleema Khanum to pay a hefty Rs 2,940 crores in taxes and fine within a week in the foreign assets case. A three-judge bench, while hearing a case against 44 politically exposed individuals who possess properties in the UAE, remarked that failure on Khanum's part to honour 28

12 December, 2018 2:45 PM New RBI Governor Very Sensible, Forward-Looking: NITI Aayog CEO

Shaktikanta Das was appointed RBI Governor a day after Urjit Patel quit abruptly. NITI Aayog CEO Amitabh Kant on Wednesday said that new Reserve Bank of India Governor Shaktikanta Das will add immense value to the central bank as far as its independence and autonomy is concerned. Mr Kant also called Mr Das "a very sensible and forward-looking officer 45

11 December, 2018 3:41 PM 13 of 19 Rajasthan ministers lose elections; Vasundhara Raje retains her seat

As many as 13 of 19 ministers in the outgoing Vasundhara Raje government have lost the Assembly elections in Rajasthan as results and trends brought electoral reverses for the ruling BJP. However, Chief Minister Vasundhara Raje and her five cabinet colleagues have won their respective constituencies. Raje (Jhalrapatan), Home Minister Gulab Chand Kataria 25

11 December, 2018 2:25 PM Shaktikanta Das appointed as new RBI Governor

New Delhi: Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. His appointment comes a day after Urjit Patel announced to resign as RBI Governor with immediate effect citing personal reasons. Das has become the 25th RBI Governor, and will serve a three-year term. "The Appointments 47

10 December, 2018 11:53 AM Buy INOX Leisure; target of Rs 270: Sharekhan

Sharekhan is bullish on INOX Leisure has recommended buy rating on the stock with a target price of Rs 270 in its research report dated December 06, 2018. ILL’s fund raising program from its promoters by retiring high cost debt, provides ample scope for further leverage to cost the accelerated expansion plans. Accelerated screen addition over next five years 52

7 December, 2018 2:19 PM Insurers to maintain revenue accounts for sub-classes of businesses: IRDAI

Insurance companies will have to prepare separate revenue accounts for sub-classes of businesses. A working group set up by the Insurance Regulatory and Development Authority of India (IRDAI)Â to device standard insurance contracts (equivalent to IFRS 17) has said that the accounts will have to be prepared separately for each line if business. At present 56

7 December, 2018 2:55 AM Innoven Capital invests Rs 55 crore venture debt in Quikr

Venture debt firm Innoven Capital on Friday said it has invested Rs 55 crore in Quikr India Pvt Ltd, which runs online classifieds and services portal. The investment comes at a time when the company is looking to raise $150 million from venture capital firms. "Pranay (Chulet) and the Quikr team have built some market leading vertical platforms, all of which 56

6 December, 2018 10:06 AM Muthoot Finance Q2 profit rises 9% to Rs 484 cr, AUM grows 21%

Gold financing company Muthoot Finance has reported a 8.5 percent year-on-year increase in September quarter profit at Rs 483.8 crore with weakening asset quality. Revenue from operations during the quarter declined 0.7 percent to Rs 1,650 crore compared to Rs 1,661.6 crore in corresponding period previous year. Capital adequacy ratio for the quarter 44

6 December, 2018 4:08 AM REC gains 1% as cabinet will consider proposal to sell its stake in co to PFC

Shares of REC gained 1 percent, while PFC shed 3 percent in the early trade on Thursday as government is going to consider the proposal to sell its stake in REC to PFC. At the current market price of Rs 105.10 a share, sale of 52.63 per cent government holding in REC will fetch around Rs 11,000 crore. Deutsche Bank has maintained buy call on REC with target 53

1 December, 2018 12:01 PM GST collections drop to Rs 97,637 crore in November

Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month. The total number of GSTR 3B returns filed for October up to November 30, 2018, is 69.6 lakh, the finance ministry said in a statement. Compensation released to states for August-September stood at Rs 11,922 crore. Of the Rs 97,637 crore 74