Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to make it better.

The minister was replying to the concerns raised by taxation industry professionals here, who said the industry was "cursing" the government over how the GST was implemented.

Shares of Cipla gained 5 per cent to Rs 442, thus bouncing back 13 per cent from its early morning low on the BSE on Friday as, according to analysts, the USFDA's inspection of Goa facility found no repeat or data integrity (DI) observations, so there is no chance of import alerts at the plant.

Paytm Payments Bank has announced a new fixed deposit scheme for its customers. India's largest payments bank is offering an interest of up to 7.5% on their fixed deposits (FDs) through Paytm Payments Bank's partner bank IndusInd Bank Ltd. The new fixed deposit scheme will be launched in early November.

NEW DELHI : The Civil Aviation Ministry has approved Alliance Air plan to launch foreign operations by starting flights to Sri Lanka even as the airline's parent Air India remains on top of the government's disinvestment agenda.

The move has triggered speculation among Air India employees that government may continue in airline business by not selling Alliance Air.

Microsoft Corp. employees are circulating a letter supporting an effort to get its GitHub subsidiary to cancel a contract with the U.S. Immigration and Customs Enforcement agency, the latest effort among tech-company staff to influence corporate policy on government work. The letter reflects concerns that Microsoft’s sales to the agency implicate the software maker in the government’s detention of immigrants.

The Telecom Regulatory Authority of India (Trai) is likely to continue with the current termination charge of 6 paise per minute for two more years, beginning January 2020. Highly placed sources told FE that the thinking within the regulatory body was that the financially-stressed telecom sector cannot afford another disruption at this point, and therefore, the termination rate should not be tinkered with.

Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earning results.

At the closing bell, the BSE S&P Sensex was up by 646 points or 1.72% at 38,178. The Nifty 50 wound up 187 points higher at 11,313. At the National Stock Exchange, all sectoral indices were in the positive zone except for IT.

Ahead of the festive season, India's largest public sector bank State Bank of India (SBI) has reduced the Marginal Cost of Funds based Lending Rate (MCLR) by 10 bps.

The reduction of 10 bps will lead to cheaper retail loans.

Ancient temples carved into massive rock faces along the ocean will form the backdrop to Chinese President Xi Jinping and Indian Prime Minister Narendra Modi’s informal talks aimed at resetting ties strained by border disputes and trade tensions.

The leaders of the world’s two most populous countries are meeting Friday and Saturday in the southern Indian coastal town of Mamallapuram, on the outskirts of Chennai.

Reliance Industries' Chairman Mukesh Ambani has bagged the top spot in Forbes' list of the richest Indians for the year 2019 in what the American business magazine said was 'a challenging year' for the Indian economy. This is the 12th time in a row that Ambani -- whose wealth swelled to $51.4 billion this year -- has topped the list.

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