Business

The SBI Group on February 9 reported a massive Rs 1,886.57 crore net loss for the December quarter of the current fiscal as its bad loans and provisions spiked.

Addressing a presser after meeting RBI's board, Arun Jaitley said, " as far as fiscal situation is concerned, I see next year to be more comfortable as far as revenues are concerned. I cannot see at this stage that there would be any slippages."

The department, in public advertisements issued in leading dailies, said it was the final call for the filing of belated or revised ITRs for assessment years 2016-17 and 2017 -18.

The CCI found that Google through its search design had placed its commercial flight search function at a prominent position on the search results page to the disadvantage of businesses trying to gain market access.

Duvvuri Subbarao cautioned that every time finance ministers hit the "pause" button on fiscal consolidation, whether it is the UPA government or the NDA government, they have justified it on the ground that "this time is different".

Under the norms, an independent trustee, an independent director and an auditor will hold office for a maximum of two terms, with each term not exceeding a period of five consecutive years.

These levies -- corporate tax on companies; dividend distribution tax; tax for dividend income above Rs 10 lakh; securities transaction tax and capital gains tax -- already exist in the economy, he said.

The 30-share BSE index gained 470.39 points, or 1.37 per cent, at 34,666.33 in opening trade. Also, the NSE Nifty rose by 115.75 points, or 1.10 per cent, to 10,614.

The government has unearthed goods and services tax (GST) evasion to the tune of Rs 5.70 crore in 16 cases in just five months of the ongoing financial year.

Ankit Miglani, a former managing director of the company and part of the founding family, said ArcelorMittal had asked Uttam Galva's founders to buy its 29.1 percent stake in the firm and they had agreed.

The start was distinctly weak as the markets went into a free-fall. The Sensex crashed by about 1,275 points to sink below the key 34,000-mark while the NSE Nifty plunged 390 points within minutes of opening.

Peter Garnry said that global stocks were headed for a correction in the second half of the first quarter. While the head of equity strategy at Saxo Bank didn’t get the exact time period, his alarm bells on the run-up in equity markets were on point.

S&P mini futures fell as much as 2.5 percent to nearly four-month lows in Asia, extending their losses from the record peak hit just over a week ago to almost 12 percent.

The RBI is set to hold its monetary policy meeting on Feb. 6-7, the outcome of which is due on Wednesday.

The 2018-19 Union Budget unveiled on Thursday contains a number of policy measures with the potential to support economic demand and social well being.

Shah posted a number of tweets as Finance Minister Arun Jaitley made announcements while presenting his fifth budget to highlight their significance, especially for the poor and weaker sections.