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11 January, 2019 6:10 AM Petrol prices hiked by 19 paise in Delhi; crosses Rs 69 per litre

New Delhi: After witnessing continious reduction in prices, petrol and diesel prices are again on the upward swing. Petrol price in Delhi was hiked by 19 paise to Rs 69.07 on Friday as against Rs 68.88 per litre yesterday. Diesel rates on the other hand were hiked by 28 paise to Rs 62.81 against Rs Rs 62.53 on Thursday, according to the price notification 85

10 January, 2019 10:06 AM Government Doubles Tax Exemption Limit For Small Businesses: Arun Jaitley

Currently, firms with an annual turnover of up to Rs 20 lakh are exempted from registration under a unified national GST launched in 2017. The government will exempt small businesses with annual sales of up to Rs 40 lakh ($56,701) from paying taxes under goods and service tax, finance minister Arun Jaitley said on Thursday, a move aimed at wooing a key voting 97

9 January, 2019 3:18 AM IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the company spooked domestic markets. The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge 169

4 January, 2019 4:50 AM CIMB expects top 5 IT firms to report 1.5–4.8% QoQ revenue growth in constant currency in Q3

Earnings for the quarter ended December 2018 will be kicked off by technology companies Infosys and TCS in later part of the next week. Most brokerage expects growth to continue in third quarter driven by rupee depreciation and strong US growth. Global investment firm CIMB expects top five IT companies to report 1.5–4.8 percent sequential growth in dollar 115

1 January, 2019 9:18 AM Jet Fuel Prices Cut By 14.7% In Biggest Reduction Ever

The two consecutive price reduction has brought ATF rates to their lowest levels in a year. Jet fuel price was cut on Tuesday by a record 14.7 per cent on the back of decline in international rates, making it cheaper than both petrol and diesel. The price of Aviation Turbine Fuel (ATF) -- used to power airplanes -- was slashed by Rs 9,990 per kilolitre 115

28 December, 2018 10:25 AM Cabinet Clears Public Offer Plans Of 7 State-Run Companies

Law Minister Ravi Shankar Prasad said the companies will raise funds via initial public offer (IPO) or follow-on public offer (FPO) routes. The government on Friday said that the Cabinet Committee on Economic Affairs (CCEA) has cleared share sale plans of seven public sector companies. Giving details of the PSU (public sector undertaking) companies 107

28 December, 2018 9:32 AM Peninsula Land surges 12% on acquisition of 3 real estate firms

Peninsula Land entered into a Securities Purchase Agreement to acquire 86 percent of the equity shares of Rockfirst Real Estate Limited thereby making it a wholly-owned subsidiary. Peninsula Land shares rallied 12 percent intraday Friday after the company signed agreement to acquire three firms which cater to real estate and construction segment 72

27 December, 2018 4:28 PM HDFC group surpasses Tatas in m-cap

Financial services conglomerate HDFC group has become the most valuable business house in the country, surpassing Tatas, with the cumulative market valuation of its five listed companies surging Rs 10.40 lakh crore. At close of trade on December 27, the combined market valuation of five HDFC group firms stood at Rs 10,40,689.89 crore on BSE. HDFC Bank with a market 126

24 December, 2018 9:03 AM Number of Japanese firms in India rises to 1,441: Japan's envoy

The number of Japanese companies operating in India has gone up to 1,441 till October this year, on account of improving business environment in the country, said Ambassador of Japan to India Kenji Hiramatsu. In a communication to Commerce and Industry Minister Suresh Prabhu, the Ambassador said there was a significant increase in the number of companies 126

24 December, 2018 6:50 AM Google Gets EU E-Money Licence in Lithuania Amid Brexit Uncertainty

Lithuania's central bank said Friday it has granted Google a pan-European e-money licence as the Baltic eurozone state seeks to attract firms concerned that Brexit may bar them from the EU market. Google Payment Lithuania "will be able to issue electronic money and provide payment services to ensure smooth operation of its marketplaces across Europe" 118