Business

Bharat Bond ETF likely to be launched this month

New Delhi,  The Union Cabinet on Wednesday cleared the launch of India’s first bond ETF in a bid to deepen the bond market and bring in retail participation in this space besides providing an additional source of funding for Central …

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Airtel board approves raising $3 bn via debt, equity

New Delhi,  The board of telecom major Bharti Airtel on Wednesday approved a plan to raise $3 billion via Qualified Institution Placements (QIPs), stake sale, as well as by debt, to pay its adjusted gross revenue (AGR) dues worth Rs …

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End of road for GST rate cuts? Council to mull tax revamp

New Delhi, A major revamp of goods and services tax structure is on cards when the GST Council meets during second fortnight of December to review the existing tax structure and compensation cess rates as part of a larger exercise to …

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Cabinet clears Personal Data Protection Bill

New Delhi,  The Union Cabinet on Wednesday approved the much-anticipated Personal Data Protection Bill and the government will now introduce the bill in Parliament in the ongoing winter session. Union Minister for Information and Broadcasting, Prakash Javadekar, however, did not …

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SAT halts further transfer of securities from Karvy

Mumbai,  The Securities Appellate Tribunal (SAT) on Tuesday ordered suspension of any further transfer of securities that Karvy Stock Broking had pledged with the lenders. Bajaj Finance had challenged the SEBI order to return to Karvy’s clients the securities that …

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Haryana sees rise in GST revenue

Chandigarh,  The Goods and Services Tax (GST) revenue in Haryana continued to rise for the fifth month in a row in this fiscal, an official said on Tuesday. The state GST revenue has recorded a growth rate of 33.5 per …

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BSES geared up to meet Delhi’s winter power demand

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New Delhi,  Peak power demand in Delhi this winter is expected to go up to 4,700 MW and the two BSES discoms in the national capital are geared up to ensure that adequate electricity is available in this period, the …

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Government committed to more reforms: Sitharaman

New Delhi,  Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy. Speaking at the …

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Mid-caps lose nearly 1%, Sensex closes flat

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Mumbai, Growth worries following the dismal second quarter GDP numbers led most stocks to end lower on Monday which was most visible in the broader markets as the BSE mid-cap index lost nearly 1 per cent. The benchmark, Sensex, however, …

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GDP data not gospel truth, need not be taken seriously: BJP MP

New Delhi,  A day after Finance Minister Nirmala Sitharaman hit out at the government critique saying espousing of personal views might hurt national interest, another Bharatiya Janata Party (BJP) member of Parliament on Monday hit headlines by rejecting the gross …

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