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Financial regulators for tax sops to homebuyers, equity investors

Financial regulators for tax sops to homebuyers, equity investors

Financial regulators on Wednesday suggested that the government should give tax incentives to homebuyers in the Budget to tackle demand slowdown in the construction sector. The suggestion came up during the course of pre-Budget discussions held by finance minister Nirmala Sitharaman with regulators of the finance sector in the national capital.

Microsoft to stop updates for Windows 7 from January 2020

Microsoft to stop updates for Windows 7 from January 2020

JAIPUR: Microsoft on Wednesday said its Windows 7 operating system will not get security and technical updates from January 14, 2020, onwards and users should shift to its latest software.

Microsoft also said that it is working with computer manufacturing companies like Dell and HP for making devices available at affordable prices and also working on options to roll out buyback or exchange offers.

Sensex ends 66 points higher; auto, bank stocks tank

Sensex ends 66 points higher; auto, bank stocks tank

The BSE benchmark Sensex ended 66 points higher on June 19 after a highly volatile session ahead of the U.S. Federal Reserve meet outcome.

After rallying nearly 400 points during the day, the BSE gauge settled 66.40 points, or 0.17%, higher at 39,112.74. The index hit an intra-day high of 39,435.80 and a low of 38,881.05.

Fresh bid to sell Air India: Finance Ministry to prepare new proposal; to consider these issues this time

Fresh bid to sell Air India: Finance Ministry to prepare new proposal; to consider these issues this time

The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier. The ministry’s proposal, to be placed before Air India Specific Alternative Mechanism (AISAM), will also include option of selling either 100 per cent or 76 per cent government stake in Air India.

OVL, partners agree to invest $20 billion in Mozambique LNG project

OVL, partners agree to invest $20 billion in Mozambique LNG project

ONGC Videsh Ltd and its Indian as well as foreign partners have agreed to invest USD 20 billion in constructing a gas liquefaction and export terminal in Mozambique to monetise vast offshore natural gas reserves they had found. In separate but almost identical regulatory filings, Oil and Natural Gas Corp (ONGC), Bharat Petroleum Corp Ltd (BPCL) and Oil India Ltd (OIL) said their subsidiaries along with Anadarko Petroleum of the US has taken a final investment decision (FID) for Area-1 Mozambique LNG project.

M&M to hike price of its range of personal vehicles by up to Rs 36,000 from July 1

M&M to hike price of its range of personal vehicles by up to Rs 36,000 from July 1

New Delhi: Auto major Mahindra & Mahindra (M&M) on Wednesday said it will hike price of its range of personal vehicles by up to Rs 36,000 across models with effect from July 1.

"This price increase is due to the implementation of AIS 145 safety norms across all passenger vehicles in India," the company said in a BSE filing.

Amazon plans to tap students, housewives to speed up deliveries

Amazon plans to tap students, housewives to speed up deliveries

New Delhi: Amazon India is on its way to speed-up its deliveries during peak season by offering part-time employment to student, housewives and retired professionals.

Beside the proper item collection, quick and reliable delivery is the most important part of the e-commerce business.

DNA EXCLUSIVE: RIL under lens for diverting Rs 1.7K cr CSR funds

DNA EXCLUSIVE: RIL under lens for diverting Rs 1.7K cr CSR funds

The Ministry of Corporate Affairs (MCA) has sent a notice to Reliance Industries Ltd (RIL) over violation of the Corporate Social Responsibility (CSR) norms.

The government may soon start inspection of its CSR projects, where the company has reportedly spent 2% of its net profits as mandated by the law.

BCCI says no to Afghanistan's request to host APL in India

BCCI says no to Afghanistan's request to host APL in India

The BCCI has turned down Afghanistan Cricket Board's request to host its T20 league in India.

It is rare for the Indian cricket board (BCCI) to say no to ACB as it has contributed immensely to the growth of Afghanistan cricket.

RBI penalises HDFC Bank for second time in four months

RBI penalises HDFC Bank for second time in four months

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance of Know Your Customer (KYC) norms and anti-money laundering (AML) norms, and for failure to report frauds. The RBI on February 12, 2019, had imposed a penalty of Rs 20 lakh on the bank for similar charges.

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