Reliance Industries (RIL) hit an over seven-year high of Rs 1,172, up 8% on the National Stock Exchange (NSE), recording its sharpest rally in intra-day trade in past 21 months.

Reliance Industries hits over 7-year high as Jio promises to end freebies
The more than a decade old group captive model is attracting attention as power producers in the country continue to struggle with idle capacities, lack of long-term power purchase agreements (PPA), low merchant rates and pending dues from the state-run distribution companies.

Power producers turn to group captive model in tough times
The government is working to reduce the merchant discount rate (MDR) to encourage digital payments, NITI Aayog Chief Executive Officer Amitabh Kant said on Tuesday.

Govt mulls cut in MDR charges on card buys
Cracking the whip on stent manufacturers, the Department of Pharmaceuticals (DoP) on Tuesday asked them to provide weekly reports on the production and distribution of the medical device.

Submit weekly production report: Govt to stent makers
Around 6,000 millionaires left India in 2016, mostly for countries like United Arab Emirates, United Kingdom, Canada, the United States, Australia and New Zealand

India sees 50% jump in millionaire exodus in 2016
Ahead of the state assembly elections in December this year, Gujarat deputy chief minister Nitin Patel, who also holds the finance portfolio, delivered a state budget for 2017-18 that looked to appease all sections of the society, while keeping its finances intact.

Gujarat government delivers election-friendly budget
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits, the CBDT today said.

No amnesty for bank deposits linked to money laundering: CBDT
The #CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.

No threat or show cause to taxpayers: CBDT to taxman
Arundhati Bhardwaj, a final-year student at Delhi University, and her parents didn't know quite what to do after newly elected US President Donald Trump announced his intention of tightening the visa norms and reducing immigration to half.

US dream turns sour for Indian youth in Trump era
Settling two contentious issues — definition of territorial waters and administration of inter-state transfers — appears key to the passage of the Goods and Services Tax (#GST) Bill in the second half of the Budget session, beginning in the second week of March.

Control over territorial waters, inter-state transfers key to GST Bills
Soon after attending his first board meeting as chairman of #TataSons, N Chandrasekaran on Tuesday vowed to make the Tata companies leaders in their respective sectors, offer higher returns to shareholders and initiate a better capital allocation policy.

Tata companies will lead, not follow: N Chandrasekaran
#DrReddy’s Laboratories on Tuesday informed the stock exchanges the US Food and Drug Administration (US FDA) had made three adverse observations with a Form 483, after completing an audit of its active ingredients (APIs) manufacturing facility at Miryalaguda in Telangana.

Dr Reddy's unit fails to clear US FDA audit
With the adverse effect of #demonetisation slowly wearing off, the fast-growing smartphone market in the country is set to regain its vigour.

Smartphones ring again after note ban
American luxury department store chain Saks Fifth Avenue may have to alter its merchandise and store size according to Indian market, say retail experts.

Saks Fifth Avenue to tweak its strategy for Indian market
Global banking giant HSBC’s profit before tax (PBT) from India rose 22 per cent to $473 million in the year ended December 2016, from $606 million in 2015.

HSBC's India PBT up 22% at $743 mn
If the Centre pays Rs 14,715 crore as royalty — due to Assam and Gujarat on behalf of its two oil companies — it will give up gains made through lower petroleum subsidy.

Centre's oil royalty bill to erode subsidy gains
After a strong start this festive season, textile and apparel manufacturers and retailers suffered a sharp contraction in demand due to the liquidity crisis following #demonetisation of high value currency notes in November 2016.

Demonetisation lowers sales, raises textile inventories in Q3
Japanese auto giant Honda Cars India Ltd, which was in talks with Gujarat government since mid-2014 for setting up a plant in this upcoming auto hub, is now actively acquiring land for its third plant in the country in Vithalapur, near Ahmedabad.

Honda Cars to be Maruti's neighbour in Gujarat
Tata Sons Chairman N Chandrasekaran, who took charge on Tuesday, vowed to bring “more vigour” to the group’s capital allocation policy to enhance shareholder value. On Day One, the new chairman promised to make the group companies leaders in their respective fields instead of being followers.

Chandra to focus on shareholder value
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Anggota Komisi III DPR Arsul Sani mempertanyakan proses penyidikan Badan Reserse Kriminal Polri terkait dugaan tindak pidana pencucian uang Yayasan Keadilan Untuk Semua. [ Link ]

Kenapa Penggalangan Dana GNPF Diusut, Teman Ahok Tidak?