EconomyLoop
where regional business news becomes global to everyone

Paytm Mall to spend ?200 cr. more on gifts

‘Festival sale packed with surprises’... read more

 The Hindu5 hours ago

     
Centre open to solving exporters’ GST woes

Alternate means to release credit likely... read more

 The Hindu5 hours ago
Amid slowdown worries, top ministers brainstorm on ways to boost growth

Blueprint on economic revival to be submitted to PM... read more

 Business Standard6 hours ago
GST refund: ‘Mini-social crisis’ brewing

Delay in refunds causes working capital crunch; exporters struggle to pay salary, Diwali bonuses.... read more

 The Hindu7 hours ago
Dependence of Indian IT companies on visas reducing: Nasscom

Chandrasekhar said the resumption was important for smooth conduct of business... read more

 Business Standard8 hours ago
Irdai questions TTK group's stake sale to Manipal Group

Cigna TTK had filed an application with the insurance regulator on September 1, 2017, for a change in the partnership from the TTK Group to the Manipal Group... read more

 Business Standard8 hours ago
India needs Rs 3-4 lakh cr investment in aviation: Jayant Sinha

India would need Rs 3-4 lakh crore investment in aviation infrastructure in the next 10-15 years to reach 50 crore passenger trips, like China and the US, Minister of State for Civil Aviation Jayant Sinha said on Tuesday. The post India needs Rs 3-4 ... read more

 Financial Express8 hours ago
Anti-dumping duty on import of bus,truck tyres from China

India has imposed anti-dumping duty on import of certain type of radial tyres used in buses and trucks to protect domestic manufacturers from below cost shipments from China for five years. The post Anti-dumping duty on import of bus,truck tyres fro... read more

 Financial Express8 hours ago
GST a tectonic shift, takes India closer to 8% plus growth: World Bank

World Bank India chief Junaid Ahmad today described GST as a "tectonic shift" in the country's taxation policy which has increased the possibility of 8 per cent plus growth. The post GST a tectonic shift, takes India closer to 8% plus growth: World ... read more

 Financial Express8 hours ago
Maharashtra farm loan waiver: Over 8.90 lakh extra applications received

As per the government, 44,48,599 farmers have the loan outstanding, but the number of applications received for the waiver stood at 53,39,007. The post Maharashtra farm loan waiver: Over 8.90 lakh extra applications received appeared first on The Fi... read more

 Financial Express8 hours ago
NPA-laden state-run banks crimp advance tax mop-up at 10.6%

While the country's largest lender State Bank paid a whopping 37 per cent less, foreign lender Citigroup also paid 34 per cent less... read more

 Business Standard8 hours ago
Centre to direct states to stop physical trading in mandis with e-NaM

Centre fixes ambitious target of 274.55 mln tns of foodgrains production in 2017-18 despite low rains in some parts... read more

 Business Standard10 hours ago
GST Council meet brought forward to Oct 6

Pradhan's wish to levy indirect tax on petrol unlikely to be taken up... read more

 Business Standard10 hours ago
TRAI cuts mobile termination charges 57%; eyes waiver by ’20

Move to take effect from Oct. 1; may lead to drop in call rates... read more

 The Hindu11 hours ago
CCEA likely to consider proposal for rural electrification subsidy scheme

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider and approve tomorrow a proposal to launch a scheme called 'Saubhagaya' for providing subsidy on equipment for energising all households in rural areas."The proposal for Saubhagaya... read more

 Business Standard11 hours ago
Fast-track GST refund, else Rs 65,000 cr may be stuck: Exporters ask government

Fearing that a staggering Rs 65,000 crore could get stuck in GST refunds, exporters today asked the government to fast-track the refund process and avoid further deterioration in their "liquidity situation". The post Fast-track GST refund, else Rs 65... read more

 Financial Express11 hours ago
Rs 44,000 crore Mumbai-Vadodara Expressway work to begin in another one month, travel time to come down to less than 3 hours

Union Minister Nitin Gadkari today said the construction work of Rs 44,000 crore Mumbai-Vadodara Expressway will begin in another one month, after which one can cover the distance between the two cities in less than three hours. The post Rs 44,000 cr... read more

 Financial Express11 hours ago
M&M’s driverless tractor to roll out in Feb. 2018

Roll-out planned for Feb. 2018; pricing it ?1 lakh lower than current models would be ideal, says MD... read more

 The Hindu11 hours ago
IPO of ICICI Lombard subscribed three times

The initial public offer (IPO) of ICICI Lombard General Insurance, which closed for subscription on Tuesday, was subscribed 2.97 times on the last day till the time of going to press. Bids were receiv... read more

 The Hindu11 hours ago
Online hotel booking firm to add 10,000 properties in India

‘Demand fuelled by domestic travel’... read more

 The Hindu11 hours ago
Daimler offers Euro-V ready medium trucks

NOx emissions 40% less than in BS-IV... read more

 The Hindu11 hours ago
‘New policy may help revive interest in coal bed methane’

‘OALP, HELP will increase investment in coal-rich India’... read more

 The Hindu11 hours ago
U.S. defence firms want grip on technology in Make-in-India plan

Lockheed Martin and Boeing are among companies bidding for contracts; foreign arms manufacturers concerned over legal liabilities... read more

 The Hindu11 hours ago
Tata Sons consolidates holdings

Even as it set in motion the process of converting itself into a private limited company despite protests from the Mistrys’ Cyrus Investments, Tata Sons Ltd. has gone on to consolidate its holdings in... read more

 The Hindu11 hours ago
Arun Jaitley chairs high-level meeting on economy

A high-level meeting chaired by Finance Minister Arun Jaitley got underway here on Tuesday evening to review the economic situation and discuss measures, including a possible stimulus package, to be taken amidst an economic slowdown.... read more

 Zee India News11 hours ago
Export to be hit hard if GST rules not tweaked: Industry tells Adhia

Trade & industry bodies have warned that slowdown in orders, liquidity crisis may lead to Rs 65,00 cr of exports getting stuck... read more

 Business Standard11 hours ago
GST Council to meet on Oct 6, may dole out sops to exporters

The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.... read more

 Zee India News12 hours ago
18 of the 43 McDonald's outlets in Delhi reopened: Vikram Bakshi

The development follows a decision by the board of Connaught Plaza Restaurants Ltd (CPRL), which passed a resolution on September 17 to reopen 21 outlets for which health licences have since been received, Bakshi said in a statement today.... read more

 Zee India News12 hours ago
Dependence of Indian IT companies on visas reducing: Nasscom

Nasscom President R Chandrasekhar said the applications for work visas by Indian IT companies have halved over the last few years as the companies are leveraging new technologies to reduce dependence on visas to send workers to client sites.... read more

 Zee India News12 hours ago
Unitech serious developer, not fly-by-night operator: Chairman

The Bombay Stock Exchange had sought clarification from Unitech about reports on September 7 that the company's top management was sent to police custody in fraud case.... read more

 Zee India News12 hours ago
Trai slashes call connect charge to 6 paise/minute

Trai said new call termination charge will be applicable from October 1, 2017 and will be completely eliminated from January 1, 2020... read more

 Business Standard12 hours ago
Rupee slips to nearly 2-month low of 64.33 vs USD

The domestic currency has lost 25 paise, or 0.39 percent, in the last two days.... read more

 Zee India News13 hours ago
M&M displays driverless tractor; commercial rollout in 2018

Mahindra & Mahindra (M&M) on Tuesday showcased its first ever driverless tractor which it plans to introduce commercially next year.The company, which has developed the tractor at its Chennai-... read more

 The Hindu13 hours ago
Solar tariffs corrects to Rs 2.62 per unit in Gujarat 500 MW tender

A recent tender for 500 MW of solar power projectsin Gujarat witnessed tariff going up in range of Rs 2.65-3.36 per unit. This isa minor correction from the last lowest bidding of Rs 2.44 per unit discoveredin Rajasthan. Impact of new tax regime und... read more

 Business Standard13 hours ago
Fast-track GST refund, else Rs 65K crore may be stuck: Exporters

In a presentation before the Committee, the Gems and Jewellery Industry demanded exemption from Integrated GST (IGST) on procurement of precious metals from the nominated agencies for the purpose of manufacture and export of jewellery.... read more

 Zee India News13 hours ago
India's first billion-dollar IPO since 2010 all set to be launched tomorrow

SBI Life, a subsidiary of top Indian lender State Bank of India, will open the IPO sale to the public on September 20 and close it on September 22, according to a filing.... read more

 Zee India News13 hours ago
Airport Authority of India moots new international airport in Odisha

Keeping an eye on the rising air traffic in the country, the Airports Authority of India (AAI) has proposed a new greenfield international airport in Odisha.Due to the limitations in expansion of the existing Biju Patnaik International Airport, build... read more

 Business Standard13 hours ago
Carmakers see festive cushion in demand despite higher cess

Car makers continue to see a growth in bookings and enquiries from customers in spite of an increase of up to seven per cent in cess more than a week ago. Manufacturers said the current demand is aided by the festive season and any negative impact of... read more

 Business Standard13 hours ago
Google Tez gets 410,000 active users with transactions worth Rs 1.8 cr

Internet search giant Google says its new payments app for India Tez garnered 410,000 active users who made transactions worth Rs 1.8 crore in the first 20 hours of the app being launched.Tez was one of the most hotly anticipated apps of the year, ma... read more

 Business Standard13 hours ago
Allowing InvITs, REITs to issue debt securities positive: ICRA

This amendment would also lead to tax efficiencies as the InvITs/REITs can now issue bonds at a lower cost and lend to SPVs with some margins.... read more

 Zee India News13 hours ago
Foodgrain output in 2017-18 to be at last yr’s level, says Agriculture Secretary SK Pattanayak

India's foodgrain production is expected to be around last year's record level of 275.68 million tonnes despite deficient rains as well as floods in some parts of the country. The post Foodgrain output in 2017-18 to be at last yr's level, says Agric... read more

 Financial Express13 hours ago
Make own strategy to double farmers’ income: Centre to states

Union Agriculture Minister Radha Mohan Singh today urged states to chalk out their own strategy to achieve the target of doubling farmers' income by 2022. The post Make own strategy to double farmers' income: Centre to states appeared first on The Fi... read more

 Financial Express13 hours ago
NPA-laden state-run banks crimp advance tax mop-up at 10.6 per cent

A steep fall in advance tax payouts by bad loan-saddled state-run banks has led to a muted 10.6 per cent growth in overall revenue mop-up from large corporates in the megapolis in the September quarter. The post NPA-laden state-run banks crimp advan... read more

 Financial Express13 hours ago
Nearly 50% train tickets still purchased in cash: RailYatri survey

Amid push by the government on digital payments, a study byonline portal RailYatri has found that more than half of the train tickets inIndia are purchased in cash. "And this is not because the train travellers necessarilyprefer it that way, but the ... read more

 Business Standard14 hours ago
Transport sector still reel under GST impact

GST has only increased confusion and a fear for smaller transporters, which has led to a huge number of job losses... read more

 Business Standard14 hours ago
Companies may have to furnish Apr-Sept income estimates to I-T dept

The Central Board of Direct Taxes (CBDT) has come out with a draft notification seeking stakeholders' comment on filing of Form 28AA by giving details of income and advance taxes paid.... read more

 Zee India News14 hours ago
'Foodgrain output in 2017-18 to be at last year's level'

The government has fixed a target of 274.55 million tonnes for ongoing 2017-18 crop year (July-June) which is generally conservative.... read more

 Zee India News14 hours ago
NPA-laden state-run banks crimp advance tax mop-up at 10.6%

The overall mop-up at Rs 69,000 crore, up 10.64 per cent, is tepid even though other sectors like steel and even private sector lenders have done comparatively well, income tax department sources said on Tuesday.... read more

 Zee India News14 hours ago
Renault rolls out Duster Sandstorm edition at Rs 10.9 lakh

The model comes with five-speed and six-speed manual transmissions.... read more

 Zee India News15 hours ago
Mahindra and Mahindra unveils India's first driverless tractor; commercial rollout in 2018

The tractor comes loaded with various features including autosteer and auto-headland turn which enables it to orient itself along adjacent rows for continuous operation without any steering input from the farmer.... read more

 Zee India News15 hours ago