GST Council approves turning GSTN into govt entity

GST Council approves turning GSTN into govt entity

New Delhi, May 4: The GST Council has approved making GST Network (GSTN) a government entity by taking over 51 per cent stake held by private entities, Finance Minister Arun Jaitley said on Friday at the end of the 27th meeting of the council. Currently, the government holds 49 per cent stake in GSTN- the […]

Sebi keeps HDFC AMC’s IPO in abeyance

New Delhi, May 4: Sebi has kept HDFC Asset Management Company’s proposed IPO in abeyance “for examination of past violations,” the latest update with the markets regulator showed. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The fund house had filed preliminary papers with Sebi in March, seeking approval to […]

Flipkart undertakes $350 million buyback ahead of Walmart deal

New Delhi, May 4: Moving closer to its deal with Walmart, e-commerce major Flipkart has bought back over 1.8 million shares worth more than $350 million from minority investors, as per information filed by Flipkart with Singapore’s Accounting and Corporate Regulatory Authority. The filing, which was sourced by data platform Paper.vc, claimed that the move […]

Sensex ends below 35000; metal, pharma stocks drag

Mumbai, May 4: Benchmark indices dropped on Friday tracking global markets, while metal and pharma stocks pulled down the indices ahead of elections in the key state of Karnataka. The S&P BSE Sensex ended at 34,915, down 188 points while the broader Nifty50 index settled at 10,618, down 61 points. Among sectoral indices, the Nifty […]

PGCIL inks pact with power ministry for Rs 25000 cr capex

New Delhi, May 4: State-run Power Grid Corporation of India (PGCIL) said that it has inked a pact with the ministry of power to incur capital expenditure of Rs 25,000 crore for the current fiscal. “The memorandum of understanding includes various targets to be achieved by Powergrid during 2018-19. Capex target for the year has […]

Woman injured in cross-border shelling in Kupwara

Woman injured in cross-border shelling in Kupwara

Srinagar, May 4: A woman sustained injuries after Indian and Pakistani troops exchanged heavy firing in north Kashmir’s Tanghdar Sector of Kupwara district last night. A senior police officer said that Pakistani troops targeted Indian posts of army’s 20 JAT at Tad along LoC in Tanghdar at 11:00 pm on Thursday. “The fire was retaliated […]