Finance Minister Arun Jaitley might look at non-tax revenue and withdraw some tax exemptions to fund capital expenditure in his first Budget.

According to tax department officials, collections this current financial year are likely to be subdued, even as economic growth climbs above five per cent.

With the oil marketing companies' (OMCs') loss on sale of diesel coming down to Rs 2.80 a litre, many might be thinking a full decontrol of the fuel's price is on the cards. But it appears OMCs are unlikely to be given the freedom to raise prices on their own even after the underrecovery is wiped out.

The Securities and Exchange Board of India (Sebi) is likely to announce a series of changes to the initial public offering (IPO) framework, to help issuers and boost investor participation. Among the changes planned are removal of the Rs 4,000-crore minimum size criterion and an enhanced quota for the so-called anchor investors.

Madhu Kapur, widow of YES Bank co-founder Ashok Kapur, has appealed to the bank's shareholders to vote against most resolutions to be placed at the lender's annual general meeting on June 14.

"It is important to first clarify that as the second-largest shareholder of the bank, I do not desire the functioning of the bank to be disrupted in any manner whatsoever.

Car buyers are flocking again to showrooms, marking a steady increase in enquiry and booking levels in the past three weeks.

This reverses the weak consumer sentiment in the sector over the past 24 months. Dealers of cars and utility vehicles say buyers appear more confident in committing for a purchase than before the new government was formed at the Centre.

Infosys, India’s second largest software services company, expects the recent spate of mergers and acquisitions (M&As) in the global pharmaceutical sector to boost its life sciences business over the next 12 months.

“There is a lot of M&A activity happening in the life sciences space. When M&A is typically initiated, budgets are tightly controlled, because companies are hoarding cash to ward off (rival bids) and to make the sale happen,” said Manish Tandon, senior vice-president and global segment head of life sciences.

R C Bhargava, chairman of Maruti Suzuki India Ltd (MSIL), on Wednesday met Gujarat Chief Minister Anandiben Patel and discussed issues related to the company’s proposed manufacturing plant in the state.

Speaking to Business Standard, Bhargava said, “I had a meeting with the chief minister and the state finance minister (Saurabh Patel).

HYDERABAD: In what is being billed as the single biggest populist measure initiated by any state government in the country, Andhra Pradesh CM-elect Chandrababu Naidu is all set to waive off a staggering Rs 54,000 crore that was taken by farmers as loans from various banks.

New Delhi: A high-level government panel has proposed sharing the burden of stricter green fuel norms with consumers by imposing a cess of 75 paise per litre of diesel and petrol.

India plans to introduce the stricter Bharat Stage V emission norms across the country by 2020 to curb growing air pollution. With Rs.80,000 crore to be spent for upgrading refineries to meet the stricter fuel emission norms, the panel on automobile fuel emissions standards has recommended imposing the “special fuel upgradation cess”.

New members of the Lok Sabha on Wednesday attended Parliament for the first time. However, the House was adjourned shortly after paying tribute to Gopinath Munde, who died in a tragic road accident on Tuesday.

Former parliamentary affairs minister Kamal Nath, who chaired the House as the Pro-tem Speaker, asked members to observe silence to pay tribute to the deceased Bharatiya Janata Party (BJP) leader.

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