Sensex sinks 464 pts amid H1-B visa woes and NBFC crisis

Sensex sinks 464 pts amid H1-B visa woes and NBFC crisis

Mumbai, Oct 19: The market extended losses on Friday with the Sensex shedding more than 600 points intraday, dragged by index heavyweights Reliance Industries, HDFC and Infosys. Reliance mixed Q2 earnings, likely change in H1-B visa norms by Trump Administration, liquidity concerns in NBFCs and weak global cues dented investors sentiment. The 30-share BSE Sensex […]

Dual jurisdiction under GST opens door for traders’ harassment: CAIT

Dual jurisdiction under GST opens door for traders’ harassment: CAIT

New Delhi, Oct 19: Traders’ body CAIT Friday warned that allowing central as well as state tax administrations to initiate action against any taxpayer irrespective of jurisdiction would lead to harassment of traders and complicate the tax system. Seeking Finance Minister Arun Jaitley’s intervention in the matter, the CAIT in a letter claimed that the […]

PTC India to ink PPAs with 7 firms, 5 states for 1,900 MW by Oct-end

PTC India to ink PPAs with 7 firms, 5 states for 1,900 MW by Oct-end

New Delhi, Oct 19: Power trading solutions provider PTC India will sign medium-term power purchase agreements (PPA) for 1,900 MW coal-based power capacities with seven companies and five states by month-end under a pilot scheme, an official said. After this tender, the company plans another round of 3,000 MW of medium term PPAs to give […]

Banks can continue with Aadhaar-enabled payment system, says UIDAI

Banks can continue with Aadhaar-enabled payment system, says UIDAI

New Delhi, Oct 19: The Unique Identification Authority of India (UIDAI) has clarified that banks can continue with Aadhaar-enabled payment system for transactions — including deposit, withdrawal, balance enquiry etc. — as the facility is part of the direct benefit transfer scheme. The Aadhaar-enabled payment system, or AEPS, allows consumers who don’t have smartphones or […]

RIL to acquire majority stakes in Hathway, DEN for Rs 52.3 billion

RIL to acquire majority stakes in Hathway, DEN for Rs 52.3 billion

Mumbai, Oct 18: Reliance Industries (RIL), the country’s largest company by market capitalisation, said it was acquiring majority stakes in Hathway Cable & Datacom and DEN Networks for Rs 52.30 billion. The announcement brings to an end speculation about the contours of the deal, which had intensified over the last few days. RIL will pick […]

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