Month: April 2019

SC quashes RBI circular on insolvency issued last year

New Delhi :  The Supreme Court Tuesday quashed the RBI circular of last year that pertains to the provisions for declaring a company bankrupt even on a one-day overdue. The bench headed by Justice R F Nariman said: “We have declared the RBI circular ultra vires.” Reserve Bank of […]

HC grants status quo on Kalaignar TV tax dispute case

Chennai :  In an interim relief to Kalaignar Television, the Madras High Court Tuesday directed the Income Tax department to maintain status quo on its arrears of tax demand against the channel for assessment years 2009-10 and 2010-11. Justice Anita Sumanth, before whom a plea from Kalaingnar TV came […]

Stay on PM biopic: SC agrees to hear Congress leader’s plea on April 8

New Delhi :  The Supreme Court Thursday agreed to hear on April 8 a Congress leader’s plea seeking stay on release of a biopic on Prime Minister Narendra Modi. A bench headed by Justice S A Bobde said it will hear the plea on Monday. Senior advocate A […]

India’s services sector output growth at six-month low in Mar: PMI

New Delhi : The country’s services sector activity eased in March with slowest pace of output growth in six-months due to a slower expansion in new work, leading to weakest rate of hiring since last September, a monthly survey showed Thursday. The seasonally adjusted Nikkei India Services Business Activity […]

BJP tops political advertisers chart on Google, rival Congress ranked 6th

New Delhi :  The BJP has topped the chart of political advertisers on Google with an advertisement spent share of around 32 per cent, while its rival Congress is ranked sixth with a meagre 0.14 per cent share. Political parties and their affiliates have spent Rs 3.76 crore on […]

No change in foodgrain prices

Chennai : Prices of all commodities remained unchanged in the wholesale foodgrain market here today. Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise):Thoor Dal Rs 8,400, Urad Dal Rs 7,200, Moong Dal Rs 7,800, Gram Dal Rs 5,400, Sugar Rs […]

Rupee slips 25 paise to 68.66 vs USD in early trade ahead of RBI policy outcome

Mumbai : The rupee depreciated by 25 paise to 68.66 against the US dollar in early trade Thursday ahead of the Reserve Bank of India’s policy decision and foreign fund outflows. At the Interbank Foreign Exchange, the rupee opened on a weak note at 68.56 then fell further to […]

RBI cuts key interest rate by 0.25 pc to 6%

Mumbai : The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation. The central bank, however, kept monetary policy stance at ‘neutral’. In the […]

Elections 2019: Home is where the vote is

New Delhi :  The countdown for the elections has begun and so has planning for the trip back home to vote for many who can afford it — and also for some who can barely manage the funds and the time to do so. While there are those who […]

BJP forges alliance with RLP in Rajasthan

Jaipur :  The BJP on Thursday announced an alliance with the Rashtriya Loktantrik Party headed by MLA and former BJP leader Hanuman Beniwal on one seat in Rajasthan. Beniwal will contest Lok Sabha polls on Nagaur seat as RLP candidate, BJP’s poll incharge and union HRD minister Prakash Javadekar […]

Headlines