Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Given the concerns around trade wars that threaten to jeopardise global capital flows as well, attracting foreign capital needs to be a policy priority, says Neelkanth Mishra.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
The rating outlook change is relevant now, as the US Federal Reserve is set to end its monthly bond-buying programme in October.
While such buying could indicate confidence in the business, investors should do a comprehensive evaluation before getting into the stock.
'If anything, he is a fiscal hawk.' 'He has avoided fiscal profligacy completely for the past four years.' 'The fiscal deficits since 2014 are clear proof of this.' 'The point is not that it is not 3 per cent yet; it is that it is not 6, 7 or 8 per cent, which it could easily have been.' 'For this he needs to be congratulated.' 'He has recognised it no longer pays to spend other people's money to win elections,' points out T C A Srinivasa-Raghavan.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Watchdogs of the economy have not been barking and it is high time we noticed it, says Shreekant Sambrani.
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.
Rupee movement, global cues key for stocks this week: Experts
Football's Carli Lloyd seen as marketing darling, analysts say.
Frenzied scenes were witnessed at the airport this morning when Pele landed in the Kolkata after 38 years as the 74-year-old Brazilian turned emotional and stood on the floor of his SUV to wave at the crowd, who kept chanting his name.
With so much bad news, everybody is hunkering down in readiness for Mr Modi's next radical Big Idea, says Kanika Datta.
GST reform has been hanging fire since 2006-07.
Left in the lurch after India shortened its tour, South Africa will now host Pakistan for a three-match ODI and two-match Twenty20 series from November 18, the two countries' boards announced on Tuesday.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
Defeats in sports dominated by China at previous Olympics have left the country in an unfamiliar third place on the medals table, with some predicting that Rio 2016 could witness the lowest haul in two decades.
The women's World Cup final between the United States and Japan on Sunday may not rival the Super Bowl, but soccer fans, wild with excitement.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
'In this country, if any government acquires one of these images -- anti-farmer, or anti-poor or corrupt -- the government doesn't survive.' 'The Modi government is fast acquiring that anti-farmer image, that is why it is nervous.'
The price of the Indian basket of crude oil jumped as much as 78 per cent to cross $50 a barrel last week, from a multi-year low of $28 in January.
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
Farmers have been availing crop loans upto Rs 300,000 at 7%.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
The present tax revenue of the state is Rs 120,000 crore.
After every corporate announcement, check your demat and bank accounts for necessary credits.
Retailer bodies to demand govt action against I-Day sales offers, threaten legal action for breach of FDI rules.
At the best, the so called Rs 1.25 lakh crore package will not provide anything more than Rs 10,368 crore as additional or incremental resource to the state, said Chief Minister Nitish Kumar
If used without much care credit cards can become debt traps. But there are ways to use them to your advantage, says Rajiv Raj
About 55 per cent of the public offers that hit the market since 2008 are still trading below their issue price.
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
High net worth individuals (HNIs) are considered more investment-savvy than retail investors.
While stocks are at cheap valuations, the volatility can be unnerving.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
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