Business

State-owned firms may lose their monopoly to sell aviation turbine fuel (ATF) at the Mumbai airport if the oil sector regulator has its way on allowing competition, which would reduce the operating cost of airlines and bring down fares.

The telecom department is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the country's largest mobile service operator with the proposed name of Vodafone Idea Ltd.

Market regulator Sebi plans to revise the regulations for share buybacks wherein more clarity would be provided on various aspects, including on the requirement to make public announcements, according to a senior official.

Non-agriculture commodities such as bullion, base metals and energy (crude oil, gas) are among the focus areas as the National Stock Exchange and the Bombay Stock Exchange take baby steps to start commodity trading from October this year.

Housing finance is proving to be stress reliever for banks, groaning under bad assets.

The 5G committee of the telecom ministry has said around 6,000MHz of spectrum can be made available without delay for next-generation mobile service.

The world is in the grips of the FIFA World Cup fever right now. In this tournament we hope to see some of the most talented sportspersons chase their ultimate dream of a shot at immortality. Watching these fine young men strive so hard to realise their dreams, we're reminded of our own life goals. We may not necessarily chase those goals under public scrutiny. But we still need to work hard and be smart enough to achieve them. Often, money management is key to fulfilling those goals, and it needs to be given due importance. Here are seven steps to manage your money so you may score your life goals every single time.

• I am a retired senior citizen. I purchased a flat in 2004 and now I want to sell it. How much do I have to pay as long-term capital gains tax? What is the inflation index and what needs to be done to avoid or minimise tax?

The Singapore Exchange (SGX) on Saturday said an arbitrator had allowed the bourse to continue listing and trading of SGX Nifty contracts beyond August 2018. The trading will continue pending outcome of the arbitration.

India has now submitted a revised list of 30 items - including motor cycle, certain iron and steel goods, boric acid and lentils - to the WTO on which it proposes to raise the customs duty by up to 50 per cent.