Economy

Big win: Canadian court allows Devas to seize AAI assets in Montreal

Big win: Canadian court allows Devas to seize AAI assets in Montreal

Order will hit AI, which collects travel agentsdues via IATA

Indian cotton prices vroom to record high, rule at premium to global rates

Indian cotton prices vroom to record high, rule at premium to global rates

Quality of crop hit by heavy rains, growers hold on to produce

GST on power: States could take an annual revenue hit of ₹57,395 cr

GST on power: States could take an annual revenue hit of ₹57,395 cr

Industrial and commercial users may get benefit by input tax credit

‘New GST regime for food delivery apps does not mean new tax’

Removal of Inverted Duty Structure on footwear to benefit producers, consumers in long run: Govt officials

Govt re-appoints Vijay Paul Sharma as CACP Chairman

The role of CACP chairman will be crucial in the proposed committee on MSP and other reforms

Maharashtra mills produce 465 lakh quintals of sugar in over two months

Record high sugar production has been predicted for this season

Kolkata Metro earns ₹3.75 crore by offering branding rights of seven stations to corporates

Working on extending QR Code scanners at more stations

Cement companies likely to see uptick in sales, realisations in January

Pick up in govt infra projects, revival in housing and real estate to lift demand

Housing sales in India rise 71% y-o-y, reach 90% of pre-Covid levels

Of the new launches, the mid-segment – ₹40-80 lakh – had the maximum share at 39%

Loan raise UPL raises a second tranche of $700 Million SLL on 31st December 2021

The first tranche of $750 was raised in March and April 2021

Power demand up 1.7% y-o-y in November 2021

Total all-India generation increased marginally by 2 per cent to 99.4 BU in November 2021

IndiGo third quarter performance to be strong despite challenges: ICICI Securities

Improved passenger load factor and fares will be offset by higher crude prices and concerns around the Omicron virus

National Fishworkers’ Forum demands withdrawal of CRZ 2019 amendments

Amendments will allow extractive ventures in ecologically sensitive areas, says NFF

PMI manufacturing slips to 55.5 in December, but quarterly index at its highest since Q4 of FY21

Recovery continues as firms secure work from domestic and international sources

Private equity-VC funds invest $63 billion in Indian companies in 2021

This represents a 57 per cent growth over the $39.9 billion invested in the previous year

Seeking lifeline Deferral of GST hike: Textiles sector pins hopes on better options

Proposes alternatives, including ones that can correct inversion, generate revenue

Belly up Auditors cast doubts over SpiceJet’s ability to continue as a going concern

Flag defaults on payment of tax, GST and employee PF totalling ₹90 crore

Airlines grapple with Omicron-related disruptions to start of 2022

Over 3,000 flights cancelled around the world on Sunday, more than half of them US flights

Farm credit Budget 2022: Government may hike farm credit target to about Rs 18 lakh crore

The Government is providing a two per cent interest subsidy

Break in cold spell Western disturbances set to break cold spell over north-west

Blockbuster snow, rain events likely for a week

India appeals India appeals against WTO dispute panel ruling on sugar export subsidies at appellate body

India is the world's second largest sugar producer after Brazil

Govt notifies norms for fly ash utilisation by coal-fired power plants

The latest notification mandates all coal and lignite-based TPPs to utilise 100 per cent fly ash in an environment friendly manner for making construc

With spike in Covid cases, all NCLT benches to hear cases virtually from January 3

It’s a temporary measure to ensure the safety of everyone, says the order.

Hyundai emerges leader in SUV segment, but Tata Motors closing gap fast

In October, Tata Motors, which sells Nexon, Punch, Harrier and Safari, sold more SUVs than others to emerge as the best-selling brand.

ATF price hiked by 2.75 per cent, commercial LPG rates cut by Rs 102.5

There's no change in prices for domestic LPG users.

In pandemic-hit 2020-21, Railways earned over ₹500 cr from tatkal tickets

Tatkal charges are fixed as a percentage of fare at the rate of 10 per cent of basic fare for the second class and 30 per cent of basic fare for all o

AP Maritime Board and SBI-led consortium in Rs1,500 crore securitisation deal

Ramayapatnam port will be developed in two phases with the first phase costing Rs3,736 crore to handle 24.91 mt of cargo a year

GST mop-up At ₹1.29-lakh crore, GST mop-up down a tad in December

Still 13% higher than the collection in the same month last year

Civil Aviation Ministry releases draft NASP 2022

The plan is also to develop and manufacture air sports equipment in India in line with the Atmanirbhar Bharat Abhiyan, the draft policy says

Excluded from a Deendayal Port tender, Adani Ports moves HC

Co had agreed to ‘monopoly policy’ when it signed an earlier deal

NO JUMP IN ‘NIL’ RETURNS IT Dept: Self-assessment tax collection at ₹4,000 cr in Dec

5.89 crore ITRs filed as extended due date ended on Dec 31

Yellow fever Rabi sowing: Mustard emerges favourite

Acreage under wheat, nutri-cereals, pulses drops; area under gram gains

Export rush Agri exports surge 22% in April-November

Non-basmati rice shipments up by 53.5% in volume

GST rate hike for textiles sector deferred

GoM to look into duty structure on textile along with overall rate rationalisation

Income Tax Return due date not to be extended beyond Dec 31

At ₹9.6-lakh cr, net direct tax mop up so far this fiscal tops full FY21’s

April-Nov fiscal deficit at 46% of FY22 target

Core sector output growth down at 3.1% in November

Fiscal deficit likely to be 6.6%, 0.20% less than budget estimate

During April-October period, the deficit has been 36.3 per cent of the estimate

India posts current account deficit, expert expect more widening ahead

Current account balance was in surplus mode in the year-ago period at $15.3 billion

inflation Consumer durable firms to hike prices due to inflationary pressures in New Year

Companies have been battling challenges of steep hikes in costs of key raw materials, besides higher components and freight costs