Business Blogs News - Page 28

UK travel firm Thomas Cook collapses after failing to reach last-ditch rescue deal; over 1 lakh tourists stranded, 22,000 jobs cut

Thomas Cook, the 178-year-old operator, had been desperately seeking 200 million pounds ($250 million, 227 million euros) from private investors to save it from collapse.

Corporate tax cuts to create positive impact on economy, boost industry; now need to focus on spurring demand: India Inc

Industry leaders from diverse sectors such as manufacturing and services expect the reduction in corporate tax rates to create a positive impact on the economy, leading to a speedier turnaround

Sensex soars over 1,300 points to 39,346.01, Nifty reclaims 11,500 on euphoria of economy-boosting measures; HDFC Bank, ITC among major gainers

After hitting a high of 39,346.01 points, the 30-share index was trading 1,031.58 points, or 2.71%, higher at 39,046.20 at 0930 hours

SBI to roll out co-lending business model with 4-5 NBFCs soon; to help bank meet priority sector lending target

It has been a year since the Reserve Bank of India (RBI) laid out the framework for co-origination of loans by banks and NBFCs in the priority sector

No plans to revise fiscal deficit target at the moment, decision to be taken before next Budget, says Nirmala Sitharaman

In the biggest reduction in 28 years, the government on Friday slashed corporate tax by almost 10 percentage points

Corporate tax cut makes India an investment destination; to attract foreign firms to set up units: Nirmala Sitharaman

Quoting experts, Nirmala Sitharaman said India is now much better than China in terms of rate, transparency, and tax administration

Onion prices shoot to Rs 70-80 per kg despite govt measures; Centre mulls imposing stock limits

There is a disruption in supply of onions in the wake of excess monsoon rains in the major growing states

'Howdy Modi': Petronet LNG signs $2.5 bn deal with US' Tellurian Inc; to finalise transaction agreement by March 2020

Petronet and Tellurian had first signed a broader agreement in February

'Howdy, Modi' event in Houston: 'Wonderful interaction' with energy sector CEOs in US, says PM; discusses mutual investment opportunities

PM's meeting with CEOs on Saturday focussed on working together for energy security and expanding mutual investment opportunities between India and the United States

Social Progress Index 2019 reveals progress in sustainable development goals too slow, threatens chances of fulfilling 2030 agenda

Social Progress Index captures outcomes related to all 17 Sustainable Development Goals and is a comprehensive snapshot of a country’s overall progress towards the achievement of the goals.

Zomato extends Gold program to not just eating out but also deliveries; NRAI terms it desperate attempt

Zomato Gold is a premium membership plan that offers free food and drink.

Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to revive economy

Nirmala Sitharaman’s bold move on corporate tax cut signals shift from baby steps to radical reform, precisely what the economy needed

US corporate sector hails India's slashing of income tax to 25.17%, says move will reverse economic slowdown

The government on 20 September slashed the income tax rate for companies by almost 10 percentage points to 25.17 percent

From nuts to walnuts, why trade war with America is bad news for India and world; global commerce relies on co-operative quid pro quo

The world needs the United States of America, and there is no future without India.

Tour operator Thomas Cook seeks $250 mn extra funding from UK govt to avoid collapse, stay afloat

If Thomas Cook goes under, Britain's Civil Aviation Authority would likely be ordered to launch a major repatriation operation to fly stranded vacationer home

Onion prices touch record Rs 4,500 a quintal, steepest since December 2017; rates triple since July this year

The price of onions has almost tripled since 31 July this year, when the rate was recorded at Rs 1,250 per quintal at Lasalgaon.

Singareni Coal mines to offer Rs 1.01 lakh bonus to each worker; clocks record profit of Rs 1,765 cr in 2018-19

From a 'meagre' Rs 13,540 in 2013-14, the last year in undivided Andhra Pradesh, the bonus to Singareni Coal Mine workers had been increased gradually in the last five years

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct

Bank loan disbursements to the MSME sector stood at Rs 11.83 lakh crore in 2018-19, as against Rs 8.53 lakh crore done in 2017-18

GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely

The GST meeting will be closely watched as it could help investors gauge the government’s seriousness in reviving growth in Asia’s third-largest economy

RBI governor Shaktikanta Das says low inflation, falling growth leaves more room for rate cut

Shaktikanta Das reiterated there are many areas of opportunity amid the "challenging" environment and called for focusing on the same without getting mired in negative sentiments

Yes Bank shares plunge 16% on Altico exposure concerns; market-cap drops by Rs 1,046 cr

Shares of Yes Bank on Thursday plummeted nearly 16 percent, wiping off Rs 1,046.07 crore from its market valuation, after a Moody's report said the Altico default may be credit negative for banks given their significant exposure to the real estate sector

Is liberalised remittances scheme becoming too liberal warranting a closer look? It is time govt set new limits

The rapidly increasing outbound remittances peaked to $1.69 billion in July (for a single month) 2019

Mahindra, Tata Motors offer discounts on select models to lure in customers, beat auto sector slowdown

Auto sector majors like Mahindra and Mahindra and Tata Motors are the ones who are offering huge discounts.

Air India stake sale plan: Govt may take on burden of working capital debt to make offer attractive to buyer

Efforts to sell 76% stake in Air India failed to take off in 2018

Oil prices cool off on Saudi Arabia's supply reassurance, investor focus shifts to Fed

Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom has recovered supplies by tapping inventories, and lost oil output of 5.7 million barrels per day (bpd) by the end of September

Investors' wealth plummets Rs 2.72 lakh cr in two days of stock market fall

Investor wealth eroded by Rs 2.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market

Reserve Bank of India expands scope of Bharat Bill Payment System, allows payment of all recurring bills

BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground

RBI governor Shaktikanta Das says 5% Q1 GDP growth 'surprise'; economy will look up with measures taken by govt

RBI Governor Shaktikanta Das on Monday termed the low GDP growth of 5 percent as a "surprise" but expressed confidence that the economy will look up with a host of measures taken by the government

Feel global, act social: How Anand Mahindra builds a corporate brand with his unique 'tweetitude'

Anand Mahindra crafts his tweets in a manner that etches out his corporate brand and does not miss the brand goal in an impulsive burst even as he engages in casual banter