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By Darvinder Singh On 29 Jul, 2018 At 07:55 AM | Categorized As Business | With 0 Comments

PCI: Agriculture ministers from the G20 countries said they were concerned about the increasing use of protectionist non-tariff trade measures inconsistent with World Trade Organization (WTO) rules, according to a communique released on Saturday. The ministers, in Buenos Aires for the G20 meeting of agriculture ministers, said they had affirmed their commitment to refrain from […]

By Darvinder Singh On 27 Jul, 2018 At 05:02 AM | Categorized As Business | With 0 Comments

PCI:The Sensex rallied over 300 points, and Nifty breached the 11,200 mark for the first time in early trade today, as ITC lifted benchmark bourses to fresh life-time highs after posting strong Q1 results. Better-then-expected quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment here. Keeping up […]

By Darvinder Singh On 26 Jul, 2018 At 07:49 AM | Categorized As Business | With 0 Comments

PCI:The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues. The NSE Nifty, too, touched a new peak of 11,172.20. Short-covering of bets, today being the last session of July expiry […]

By Darvinder Singh On 26 Jul, 2018 At 07:35 AM | Categorized As Business | With 0 Comments

PCI:The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues. The NSE Nifty, too, touched a new peak of 11,172.20. Short-covering of bets, today being the last session of July expiry […]

By Darvinder Singh On 26 Jul, 2018 At 07:39 AM | Categorized As Business | With 0 Comments

PCI:The National Company Law Tribunal (NCLT) on Wednesday approved the bid of UK-based Liberty House to acquire the debt-ridden Amtek Auto. The Chandigarh bench of the NCLT has approved the Liberty House bid on recommendation of the Committee of Creditors (CoC) of the company. “The Adjudicating Authority (NCLT) has been pleased to approve the resolution […]

By Darvinder Singh On 26 Jul, 2018 At 07:52 AM | Categorized As Business | With 0 Comments

PCI:Global economic activity remains solid but has already passed its peak, according to economists in Reuters polls who expect protectionist policies on trade, which show no signs of abating, to tap the brakes significantly. While trade conflict between the United States and other major trading partners, in particular China, has had only a modest impact […]

By Darvinder Singh On 23 Jul, 2018 At 08:05 AM | Categorized As Business | With 0 Comments

PCI:An arbitration tribunal has rejected the Rs 1,323-crore damages claim from Spicejet and a bid to take control of the airline by its previous owner Kalanithi Maran and his company Kal Airways, after a bitter share transfer dispute. The Delhi-based low-cost carrier has informed the exchanges that on 20 July, an arbitration tribunal rejected Maran’s […]

By Darvinder Singh On 23 Jul, 2018 At 08:32 AM | Categorized As Business | With 0 Comments

PCI:Slabs under Goods and Services Tax (GST) can be reduced to three from five at present for the convenience of consumers and businesses though it will take some time, Bihar deputy chief minister Sushil Kumar Modi. Modi also heads high-level minister panel on GST. Modi said that there are five slabs in GST and “there […]

By Darvinder Singh On 23 Jul, 2018 At 07:19 AM | Categorized As Business | With 0 Comments

PCI:Reliance Industries, Infosys, TCS and Bharti Airtel are among the 291 listed companies that will have to appoint a non-executive chairperson on their boards by 1 April, 2020 to comply with regulator Securities and Exchange Board of India’s (SEBI) directive and most of these firms will need to split the roles of chairman and managing […]

By Darvinder Singh On 23 Jul, 2018 At 07:02 AM | Categorized As Business | With 0 Comments

PCI:South-based private sector lender Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore, but is awaiting local clearances before it starts operations, a top official has said. The Kochi-headquartered bank, which leads diaspora remittances, already has representative offices in Abu Dhabi and Dubai, and its desire to expand comes […]

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