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Highlights of Union Budget 2017-18


Highlights of Union Budget 2017-18

 

 

The 2017 Union Budget, presented by Finance Minister Arun Jaitley on Wednesday, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sec ...

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RCom rating on review for downgrade despite tower deal: Moodys


 Moodys Investors Service on Thursday said that Reliance CommunicationsBSE -4.54 % ratings will remain on review for downgrade despite the company signing an agreement with Canada-based Brookfield Infrastructure to sell its tower assets. 

Reliance Communications (RComs) B1 corporate family and senior secured ...

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Gold holds steady near 11-month low in run-up to Christmas


Gold prices were little changed near last weeks 11-month lows on Thursday, with liquidity fading in the run-up to the Christmas weekend.

for February delivery on the Comex division of the New York Mercantile Exchange dipped 45 cents, or 0.04%, to $1,132.75 a troy ounce by 3:55AM ET (08:55GMT), after fal ...

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NTPC enters wind power space, partners with Inox Wind


Marking its foray into wind power generation, state-owned NTPC   has partnered with Inox Wind for a 50-MW wind project to be deployed in Gujarat.

Inox Wind Ltd... has bagged an order for a 50-mw wind power project to be deployed in the state of Gujarat from NTPC Ltd, a press release said. With 47 GW of capacity u ...

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Crackdown: Now, Axis Bank suspends accounts of some jewelers, bullion dealers


Axis Bank, Indias top importer of gold, has suspended the bank accounts of some bullion dealers and jewelers after two of its executives at a branch were arrested over alleged money laundering.

The move is likely to curtail imports by the worlds second-biggest gold consumer this month and could weigh on global prices ...

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Jet Airways offers EMI payment option to purchase tickets


With people going through hardship across the country due to cash crunch in the wake of Governments demonetisation move, domestic carrier Jet Airways   has offered its customers the facility of staggered payments for bookings its flights.

The Mumbai-headquartered private airline has tied up with leadings banks in ...

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PTC to infuse Rs 600 cr into energy arm, eyes 300 MW green power


PTC India   aims to infuse Rs 600 crore as equity into PTC Energy with an eye to generating 300 MW of renewable power by March under the wholly-owned subsidiary, a senior company official with the power trading company told Moneycontrol.

We will capitalise it to set up another 250 MW capacity. Our objective is to ...

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Russia privatises 19.5 % of oil giant Rosneft: Kremlin


The Kremlin said that Russia had finalised a deal to privatise 19.5 percent of state-owned oil giant Rosneft. Rosneft chief Igor Sechin informed President Vladimir Putin about the completion of a privatisation deal of 19.5 percent of shares of the largest Russian oil company Rosneft, Kremlin spokesman Dmitry Peskov told repor ...

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Tata Steel commits 10-year investment plan for UK


Indian giant Tata Steel   pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan as part of crucial talks with steelworkers unions to save thousands of jobs in the UK.

The Indian steel giant offered a number of guarantees to its staff at Port Talbot steelworks in south Wales, ...

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