Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
A pool of 346 cricketers will go under the hammer at the IPL Player Auction in Jaipur on December 18.
Airlines are slashing salaries and re-negotiating vendor contracts as drastic fall in passengers has hurt revenue. Go First has cut staff salaries by around 16 per cent while IndiGo and SpiceJet are enforcing a leave without pay (LWP) policy and pay by the hour structure respectively to prune expenses. Vistara, which reversed pay cuts for junior staff including managers and cabin crew in March, is not touching employee salaries at the moment and instead focusing on vendor renegotiation and maximising cargo revenue. An Air India executive said efforts are on to pay salaries by 7th or 8th of June.
The list of core probables of the senior men's hockey team has been pruned down to 33 from 48 after a three-day selection trials held at the SAI Centre, Bangalore from July 25-27.
'Today, there is no easy money to be made after the run-up in equities.'
Companies in the small-cap universe are having a dream run - the Nifty Smallcap 100 index has shot up more than 25 per cent on a year-to-date basis, even as the benchmark Nifty is up 7 per cent. This is the best start for the index since 2017 when the Nifty Smallcap 100 index surged 32.3 per cent between January 1 and May 10. However, in terms of outperformance to the Nifty, this year's performance is the best in more than a decade. A combination of sectoral tailwinds and lack of institutional selling pressure has helped small companies escape from the correction triggered by the second wave of Covid-19.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
Replacing refined sugar with dates, honey, stevia can help you stay healthy.
The quality of Indian tea had lately come under scrutiny in major export markets, due to the presence of pesticides and chemicals beyond permissible limits.
Direct economic stimulus measures such as tax cuts for individuals and industry would have helped to prop up the Indian economy which was hit hard by the lockdowns across several states in India, say economists and corporate leaders. While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy.
Nine ministers each from the Congress and the Nationalist Congress Party and four independent ministers will lose their jobs when the Shushilkumar Shinde-led council of ministers in Maharashtra is pruned as mandated by a constitutional amendment.
While Airtel has hiked the limit to 100 per cent in principle, the company needs to address some issues on overseas investment limits in subsidiaries, before the changes come into effect. Until then, the cap on foreign ownership will remain at 49 per cent under the automatic route.
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Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately in the number of employees following the merger of ING Vysya Bank.
Ahead of Thursday's Indian Premier League player auction, Royal Challengers Banglore captain Virat Kohli assured the fans that they will cover all bases and pick a strong team for the next edition of IPL. Ahead of this year's IPL auction, RCB had released 12 players from their squad, while retaining 13.
Glenn Maxwell, Dale Steyn, Pat Cummins, Josh Hazlewood, Chris Lynn, Mitchell Marsh and Angelo Mathews have been shortlisted at the highest base price of Rs. 2 crore for the upcoming IPL auction, in Kolkata on December 19. Robin Uthappa, who was released by Kolkata Knight Riders last month, is the sole Indian player in the auction list with a base price of Rs 1.5 crore. As many as 332 cricketers will go under the hammer at the auction.
On the basis of Budget projections, the Centre needs Rs 7.3 trillion revenue during December-March and its expenditure must be limited to Rs 6.7 trillion.
Airline denies sacking, says it is recruiting to meet its operational needs
Traders broadly expect the rupee to stay in a 61.50 to 63.50 range over the next three months.
Petrol price on Saturday breached the Rs 83 per litre-mark in Delhi for the first time in more than two years after a rally in international oil prices forced a 13th increase in rates in the last fortnight. Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies. Petrol price in Delhi rose to Rs 83.13 per litre from Rs 82.86. Diesel rates went up from Rs 73.07 to Rs 73.32 per litre.
Mathew John reveals the secret to keeping it stylish and sexy.
Meanwhile, IT bucks trend; TCS, Tech Mahindra and Infosys from IT pack were up 0.2-1.3%.
Union Home Minister Amit Shah on Monday reviewed the preparations for Cyclone Yaas including the evacuation of people on the high seas as well as in vulnerable coastal areas and the safety of COVID-19 facilities.
Share your photographs of Mamallapuram Shore Temple in Tamil Nadu.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.
An audit should determine whether a voluntary retirement scheme should be offered or staff redeployed or manpower strength slashed.
The rupee weakened against the dollar in late trades on Thursday tracking weakness in the equity markets.
More politicians are getting "Z-plus" security and the new entrants include Union Minister Beni Prasad Verma and Bahujan Samaj Party MP Brajesh Pathak months after the list of VIPs in this category was pruned during P Chidambaram's tenure as home minister.
Companies across the sector are restructuring payrolls of crew, cutting allowances, and extending leave without pay duration as they realise they will have more aircraft and employees compared to customers.
The 30-share Sensex ended at 18,719 down 526 points or 2.74% and the 50-share Nifty ended at 5,656 down by 166 points or 2.86%.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
The guru described the Central government and the Aam Aadmi Party government in Delhi as "intelligent" for supporting the event.
Government may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit in view of the tight economic situation.
The final Indian squad for the ICC Champions Trophy, to be held in June in England and Wales, is to be picked by the national selectors here on May 4, the Cricket Board announced the Board of Control for Cricket in India.
Industry houses are emphatic with the RBI pruning repo rate and CRR by 0.25 per cent each after a long nine months in its third quarter monetary policy review.
