Rupee closes at new low

The rupee on Thursday took a 43-paise knock to close below the 69-level for the first time at a record low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback higher against global currencies
Our Special Correspondent Jul 20, 2018 00:00 IST

Wake-up call for cement

The Modi government on Thursday held out the threat of slapping price controls on cement by bringing it under the Essential Commodities Act if the cement industry doesn't abandon the pernicious practice of cartel pricing for roads projects across the country.
Our Bureau Jul 20, 2018 00:00 IST

Five bid for city gas rights in Burdwan

Five firms, including the Indian Oil-Adani Gas combine, are in the race to supply city gas to households in Burdwan. The district town is part of the 86 other places where firms have bid for city gas distribution rights.
Our Special Correspondent Jul 20, 2018 00:00 IST

More GST items to get relief

The GST Council is likely to consider a reduction in rates for 30-35 products, including sanitary napkins, handlooms and hotels, at its meeting on Saturday.
Jayanta Roy Chowdhury Jul 20, 2018 00:00 IST

Move to make export sops WTO-compliant

New norms for incentives to exporters that are compliant with the World Trade Organisation are expected to be in place within a year's time, Union commerce secretary Rita Teaotia said here on Thursday.
A Staff Reporter Jul 20, 2018 00:00 IST

New rules for pesky calls

Telecom regulator Trai on Thursday revamped the regulations on pesky calls and spam as it spelt out new rules mandating subscribers' consent for receiving telemarketing messages.
Our Special Correspondent Jul 20, 2018 00:00 IST

RBI introducing new 100-rupee note

The Reserve Bank of India on Thursday said it will shortly issue new 100-rupee banknotes under the Mahatma Gandhi (New) Series, coloured lavender and smaller than the existing one.
Jul 19, 2018 16:43 IST

No-trust jitters for stocks

The acceptance of a no-confidence motion in Parliament on Wednesday affected investor sentiment with the key indices sliding from their peaks. Even as the BSE Sensex settled almost 147 points lower after hitting a new intra-day record, the broader Nifty fell 27 points.
Our Special Correspondent Jul 19, 2018 00:00 IST

Royalty relief for oil duo

State-owned ONGC Ltd and Oil India will pay royalty and cess on the oil blocks awarded to them before 1999 to the extent of their equity holding in these blocks and not the full amount.
Our Special Correspondent Jul 19, 2018 00:00 IST

Sun breaks Halol jinx with US nod

Sun Pharmaceutical Industries has received its first drug approval in more than four years for its Halol plant from the US Food and Drug Administration (US FDA).
Our Special Correspondent Jul 19, 2018 00:00 IST

Bill in LS to amend airports act

The government on Wednesday introduced a bill in the Lok Sabha to amend the Airports Economic Regulatory Authority (AERA) of India Act to allow a new model of bidding for airport concessions working on a pre-determined tariff or a lowest-tariff model.
Our Special Correspondent Jul 19, 2018 00:00 IST


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