Air India received ₹650 cr equity infusion in the current fiscal
Air India received ₹650 cr in the form of equity infusion till June 30 of the current fiscal. However, starting from 2012 the government has infused a total of ₹27,195.21…
CEA Arvind Subramanian points a hollow 28% GST slab by next year
The 28% GST slab is likely to become a ‘hollow shell’ by the end of next year hints the Chief Economic Advisor of India, Arvind Subramanian. About 191 goods fell…
Moody’s positive about Indian government’s capital infusion
Moody’s, a credit rating agency, is positive about government’s capital infusion of ₹11,336 cr in five state owned banks that includes PNB and Andhra Bank. ‘The infusions are credit positive…
Late ITR filing? Check out these must-know details
Income Tax Return (ITR) is filed before July 31 of the assessment year to avoid penalty. It is filed for financial year (in this case) 2017-18 in the assessment year…
With Fortis acquisition, IHH to compete with Apollo Hospitals in India
IHH Healthcare Berhad may merge its existing India hospitals with recently acquired Fortis Healthcare to become the second largest private Healthcare provider in India. It is currently operating in four…
Sushil Modi hints at 3 GST slabs in near future
Goods and Service Tax (GST) can drop down from five to three for the benefit of the consumers. However, it could take some time depending on the state’s revenues. ‘There…
Morgan Stanley report predicts Sensex standing still at 36,000 pts by Jun 2019
Sensex may remain stagnant at 36,000 points by June 2019 if the general elections failed to produce a strong outcome- the PTI quoted Morgan Stanley report. But if the outcome…
Reliance Power announces a total income of ₹2371 cr for Q1FY2018-19
Reliance Power announces a total income of ₹2371 cr and a net profit of ₹237 cr, a 3% increase from ₹231 cr during the same quarter last fiscal. With, however,…
HDFC Bank earns a net profit of ₹4601.4 cr for Q1 FY2018-19
HDFC earns a net profit of ₹4601.4 cr an increase of 18.2% over the quarter ended June 30, 2017 and the total income stands at ₹26,367.0 cr. Net revenues increased…
Vodafone Idea merger : Spectrum dues stand in the way
Vodafone Idea merger that stands to become the third largest mobile service operator after Bharti Airtel and Reliance Jio, has already breached its June deadline. The Spectrum dues that the…