Sensex, Nifty rally more, touch fresh peaks

Markets scored more as the benchmark Sensex today ran up 111 points to hit a fresh all-time high of 32,132 and the Nifty hit off a new peak of 9,920 after positive cues from Asia pushed investors to go that extra mile. IT, metal and power stocks pushed higher. The…

Rs 8 lakh cr NPAs may face bankruptcy proceedings by Mar 2019: Report

Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs 8 lakh crore by March 2019, a move that could bring down the NPAs and improve the financial health of banks, a study by Assocham said. “So, it should be…

GSTN portal to be ready for invoice uploading from July 24

Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal from July 24, a top company official said today. The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for…

Amazon invests Rs 130 cr in payments arm in India

Amazon has pumped in Rs 130 crore into its payments entity, Amazon Pay India, as it looks to expand its operations in the country and compete head-on with the likes of Flipkart’s PhonePe and Alibaba-backed Paytm. Amazon Corporate Holdings and Amazon.com.incs have invested Rs 130 crore in fresh capital in…

RIIL’s Q1 net profit down by 39%

Reliance Industrial Infrastructure Ltd (RIIL) on Thursday reported a decline of 39.1 per cent in its net profit for the first quarter (Q1) of 2017-18. The company’s net profit stood at Rs 1.84 crore for the quarter ended June 30, 2017, down from Rs 3.02 crore in the corresponding quarter…

Top CEOs vote to take US India Business Council out of US chamber

The board of the US-India Business Council comprising CEOs of some top American companies has voted to sever ties with the powerful US Chamber of Commerce, laying bare years of simmering tensions, including over clashing policy priorities. The rupture has left the fate of the USIBC and its staff uncertain…