The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
India needs to reform its financial market to expand the sources and availability of credit to meet the rising demand from the private sector, according to global rating agency Moody's Investors Service.
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
A day after Manmohan Singh won the trust vote, sans Left support, rating agencies Moody's Investor Services and Icra said the insurance sector will get a huge boost if the government paves the way for greater foreign participation in Indian companies.
Third seeds Mahesh Bhupathi and Mark Knowles entered the semi-finals of the men's doubles at the US Open after beating Ivan Ljubicic from Croatia and Michael Llodra from France in the quarter-finals of the tournament.Earlier, Fourth seeds Leander Paes and Lukas Dlouhy entered the semi-finals, beating seventh seeds Wesley Moodie of South Africa and Dick Norman of Belgium 6-3, 5-7, 6-4 on Tuesday.
Leader of the Opposition in Rajya Sabha, Arun Jaitley on why the Congress may end up getting its lowest figure in the history of Indian parliamentary elections.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
India's Mahesh Bhupathi and his partner Mark Knowles of the Bahamas defeated South African duo Wesley Moodie and Jeff Coetzee 6-2, 6-3 in their first group league match of the season-ending Masters Cup in Shanghai on Sunday.
Ravi Shastri feels he has 'matured immensely' in the last two weeks, a period that saw dramatic developments leading upto his appointment to the high-profile job.
India said its economy grew 7.3 percent in the October-December quarter.
18-year-old Afghan sensation Rashid Khan can't wait to start his maiden stint in the Indian Premier League with Sunrisers Hyderabad, where he will be sharing the dressing room with his childhood hero Yuvraj Singh.
Fourth seeds Leander Paes and Lukas Dlouhy entered the semi-finals of the men's doubles at the US Open, beating seventh seeds Wesley Moodie of South Africa and Dick Normam of Belgium 6-3, 5-7, 6-4 on Tuesday.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.
Aseem Chhabra picks 10 fascinating films he watched in Macao -- a blend of Asian, independent, Hollywood projects and even a 66-years-old classic Japanese film that still stands the test of time.
Bank of Baroda ended flat after sharp gains in the previous session.
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
Sunrisers Hyderabad has announced the arrival of Kevin Pietersen, who will join the team early evening on Friday.
Greg Chappell and Tom Moody are the others in contention for the job of India's cricket coach.
Telecom, metal and healthcare came as dampeners.
Former captain and BCCI's Cricket Advisory Committee member Saurav Ganguly maintained that skipper Virat Kohli will be consulted over the selection but is not the main person to decide on the issue.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
Meet Srihari Sathe. Producer. Director. Professor.
India welcomed resolution of the political crisis in Sri Lanka and exuded confidence that relations between the two countries will continue to move on in an upward trajectory.
Sourav Ganguly on Friday used the oft-repeated remark 'cricket is a captain's game' before saying 'man-management and situation-understanding skills' make good coaches, apart from skills.
For the seven months since February 2014, the benchmark index surged nearly 27%.
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
If the precautions are not taken and guidelines are not followed properly, there can be chances of spike in cases, the government said.
The partially convertible rupee closed at 61.45/46 per dollar, weaker from Wednesday's 61.35/36.
So India lost its first World Twenty20 game on Tuesday night. Maybe, we fielded the wrong team :) Haresh Pandya picks 11 India greats who never played the shortest format, but can take on any team in the World T20 championships.
Jaitley's fiscal arithmetic, Crisil said, is "shaky", and the scope for fiscal slippage "remains high".
The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
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