Petrol price at 5-month low. Check today’s petrol, diesel rates in top cities

NEW DELHI : Petrol and diesel prices were left untouched for the second consecutive day today. Amid a slump in crude oil rates, petrol prices are at a 5-month low while diesel rate are at a 7-month low. In New Delhi, a litre of petrol is being sold for ₹72.01, diesel ₹64.70. In Mumbai, petrol … Read more Petrol price at 5-month low. Check today’s petrol, diesel rates in top cities

Key things to watch out for at Hyderabad House talks between US, India

NEW DELHI: Having promised a stronger India-US strategic partnership on Monday, Prime Minister Narendra Modi and President Donald Trump will hold talks on Tuesday on the entire spectrum of bilateral relations. Ties between the world’s oldest and largest democracies seem to have overcome the “hesitations of history” – a reference to estranged relations during the … Read more Key things to watch out for at Hyderabad House talks between US, India

JSW Steel’s $2.7 billion purchase of Bhushan Power faces fresh legal test

JSW Steel Ltd.’s $2.7 billion purchase of a bankrupt steel mill is facing a fresh hurdle after a former chairman of Bhushan Power & Steel Ltd. challenged the deal in the country’s top court. Sanjay Singal filed a petition on Monday against a ruling by a bankruptcy tribunal that had approved the deal earlier this … Read more JSW Steel’s $2.7 billion purchase of Bhushan Power faces fresh legal test

The fight to fix the fault in our audits

MUMBAI : In early February, the ministry of corporate affairs (MCA) began its latest push in a months-long battle to fix the faults in India’s corporate audit system. It came in the form of a discussion paper that proposed sweeping new changes. What ensued perfectly describes the muddled mess of the country’s regulatory architecture. The … Read more The fight to fix the fault in our audits

G-20 finance chiefs on alert with world economic growth at risk

Finance chiefs and central bankers from the world’s largest economies say they see downside risks to global economic growth persisting as a viral outbreak raises uncertainty and disrupts supply chains. While delegates at the Group of 20 meeting in Riyadh, Saudi Arabia, spent much of their time talking about a response to the outbreak that … Read more G-20 finance chiefs on alert with world economic growth at risk

Delhi police issues traffic advisory ahead of Donald Trump’s visit

NEW DELHI : Traffic in some parts of the national capital will be affected on Monday due to security measures put in place for the visit of US President Donald Trump, officials said. Trump, who is scheduled to arrive on Monday for a less than 36-hour trip to India, will be accompanied by a high-level … Read more Delhi police issues traffic advisory ahead of Donald Trump’s visit

Coronavirus: China ‘deliberately delaying’ IAF flight to evacuate Indians, say sources

New Delhi: The Chinese government is ‘deliberately delaying grant of clearance for the evacuation flight’ which was to fly to Wuhan with medical supplies and bring remaining Indians back, sources said on Saturday. However, China continues to maintain that there is no delay. Even though on Friday, the day the flight was supposed to go … Read more Coronavirus: China ‘deliberately delaying’ IAF flight to evacuate Indians, say sources

Relief for Vodafone Idea after Infratel-Indus tower deal gets government nod

NEW DELHI : Vodafone Idea has received the first ray of hope for survival with the department of telecommunications finally according a key approval for the merger of tower companies Bharti Infratel and Indus Towers. This government approval for FDI enhancement was key for merger of the two tower companies and in turn crucial for … Read more Relief for Vodafone Idea after Infratel-Indus tower deal gets government nod

Income tax deduction on EPF contribution: Old tax rate vs new tax rate

The employer, typically, deducts 12% of your basic salary and dearness allowance towards EPF or employees’ provident fund contribution and contributes an equal amount. If you are opting for the new income tax rates as announced by the Finance Minister Nirmala Sitharaman in Budget 2020, you have to forego some deductions, including the popular Section … Read more Income tax deduction on EPF contribution: Old tax rate vs new tax rate

Petrol, diesel prices likely to rise once again. Check today’s rates

NEW DELHI : With crude oil rates hitting a three-week high today, petrol and diesel prices are set for a hike anytime soon. State-run fuel retailers chose not to tamper with the rates for the second consecutive day today which are already at its lowest in around five months. In New Delhi, a litre of … Read more Petrol, diesel prices likely to rise once again. Check today’s rates

Top Malaysian officials saw MH370 as murder-suicide, claims ex-Australia PM

Former Australian prime minister Tony Abbott has claimed “very top” level Malaysian officials believed vanished Flight MH370 was deliberated downed by the captain in a mass murder-suicide. The Malaysia Airlines jet vanished on March 8, 2014 carrying 239 people — mostly from China — en route from Kuala Lumpur to Beijing. No sign of the … Read more Top Malaysian officials saw MH370 as murder-suicide, claims ex-Australia PM

HSBC rakes in $1 billion pre-tax profit from India operations in 2019

MUMBAI : British banking major HSBC’s pre-tax profit from India grew 22 per cent to $1 billion last year, making it the fifth most profitable geography for the bank worldwide. The bank had reported a profit before tax of $825 million in 2018. The bank, which reportedly announced a plan to cut 35,000 jobs worldwide … Read more HSBC rakes in $1 billion pre-tax profit from India operations in 2019

Jet Airways: CoC decides to extend deadline for bids to 10 March

MUMBAI : Grounded Jet Airways’s Committee of Creditors (CoC) on Tuesday decided to extend the deadline for submission of bids to March 10 as a new entity has evinced interest in the airline, according to a source. The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday. “A … Read more Jet Airways: CoC decides to extend deadline for bids to 10 March

Reliance Industries to reduce holding in Network18 from 75% to 64%

MUMBAI : Reliance Industries Ltd (RIL) today announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. Under the Scheme of Arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments. The appointed date for the merger shall be February 1, 2020, the … Read more Reliance Industries to reduce holding in Network18 from 75% to 64%

Maruti Suzuki will not just defend market share but also charge at competition, says CEO Kenichi Ayukawa

NEW DELHI : Maruti Suzuki India, country’s largest car maker, will not only defend its market share but also “charge” at and “chase” competitors in the wake of newcomers, such as Kia and Chinese players, intensifying competition, according to a top company official. MSI, which had a share of 50.59% in the passenger vehicles market … Read more Maruti Suzuki will not just defend market share but also charge at competition, says CEO Kenichi Ayukawa

DGCA orders probe into Air India’s tail-strike incident

he country’s civil aviation regulator, the Directorate General of Civil Aviation (DGCA) has ordered a probe into an incident involving tail scraping of an Air India aircraft being operated from Pune to Delhi. On Saturday the Air India flight from Pune to Delhi was involved in a tail-strike incident during take-off. Sources said the aircraft’s … Read more DGCA orders probe into Air India’s tail-strike incident

India’s exports fell by 1.7% in January, trade deficit at $15 billion

India’s merchandise exports fell by 1.7% in January, contracting for the sixth consecutive month, while imports fell for the eighth month in a row by 0.75%, leading to a trade deficit of $15 billion, according to commerce ministry figures released on Friday. Outbreak of coronavirus amid trade tensions is feared to put further downward pressure … Read more India’s exports fell by 1.7% in January, trade deficit at $15 billion

As Ashok Leyland’s earnings head downhill, will its stock follow suit?

Shares of Ashok Leyland Ltd have bounced back by about 40% from their lows in August last year. After the company’s December quarter results, at least some investors will begin to wonder if the recovery was a bit much and too soon. After all, the commercial vehicle (CV) maker reported a 93% drop in net … Read more As Ashok Leyland’s earnings head downhill, will its stock follow suit?

WhatsApp announces 2 billion users worldwide

Facebook-owned instant messaging app, WhatsApp, today announced that it has over two billion users all over the world. While the company didn’t confirm specific user numbers for India, it had reached 400 million users in July last year, and India is the biggest market for WhatsApp. Reaching two billion users helps WhatsApp retain its lead … Read more WhatsApp announces 2 billion users worldwide

Apple may be working on ‘Airpods Pro Lite’ headphones

A fresh rumour about Apple working on a new model of one of its most sough after product, the Airpods has emerged. According to a new report posted by DigiTimes, the Cupertino-based company may be working on a so-called “AirPod Pro Lite” headphones model among other products. The other products mentioned include next-generation iPad, Apple … Read more Apple may be working on ‘Airpods Pro Lite’ headphones