BS Reporter
BS Reporter
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OMCs under-recoveries seen declining to Rs 56,000 cr next fiscal
Modified DBT in LPG scheme to aid upstream firms' burden sharing to Rs 28,000 cr
 "OMCs under-recoveries seen declining to Rs 56,000 cr next fiscal")
Commerce Min expresses concern over lack of trade data
Sitharaman said bilateral trade is being affected due to absence of proper data
 "Commerce Min expresses concern over lack of trade data")
Govt notifies draft approach paper for coal e-auction
Bid price based on Coal India rates, ceiling price for power sector
 "Govt notifies draft approach paper for coal e-auction")
FinMin assures business chambers on GST rates
Revenue secy says the aim is to keep tax regime stable and widen the base; tax levels to be set only after consultation
 "FinMin assures business chambers on GST rates")
LS clears Companies (Amendment) Bill
The Bill amends provisions pertaining to related-party transactions
 "LS clears Companies (Amendment) Bill")
HZL, Balco stake sales may be postponed to next year
Plan stuck due to a delay in valuation process, pending case in Supreme Court
 "HZL, Balco stake sales may be postponed to next year")
Microsoft plans to pilot broadband-connectivity project in Bengaluru
The pilot will be implemented in association with the educational institute IIIT Bangalore in its campus
 "Microsoft plans to pilot broadband-connectivity project in Bengaluru")
Energy asset sale: Niko hires advisor
The advisor's mandate includes assisting Niko sale of assets, merger, outright sale of the company and refinancing of existing debt
 "Energy asset sale: Niko hires advisor")
SC asks Sahara to address FEMA concerns on loan
Amicus curiae says $650-million junior loan for repayment not permissible under law
 "SC asks Sahara to address FEMA concerns on loan")
 "Call rates at 2-mth high")
ICICI Bank, Bank of Baroda fined for flouting KYC norms
ICICI Bank has been slapped with a fine of Rs 50 lakh, while BoB has been levied a fine of Rs 25 lakh
 "ICICI Bank, Bank of Baroda fined for flouting KYC norms")
Opposition makes for heavy going in Rajya Sabha session
Bills not resisted in Lok Sabha run into winter of discontent in Upper House
 "Opposition makes for heavy going in Rajya Sabha session")
GST Bill ready to be tabled after Cabinet approval
Petroleum will be included in GST but Centre and states will be allowed to impose their current taxes on it
 "GST Bill ready to be tabled after Cabinet approval")
Black money in India not less than that stashed abroad: Govt
The govt has appointed an SIT to probe a list of over 600 people with money in HSBC, Geneva, among other cases
 "Black money in India not less than that stashed abroad: Govt")
Need to deepen understanding of taxing e-commerce, says govt
Fears loss of revenue due to lack of differential tax treatment
 "Need to deepen understanding of taxing e-commerce, says govt")
Canada Pension Plan invests Rs 1,000 cr in L&T infra subsidiary
The two companies had signed an agreement in June and the investment was concluded on Tuesday
Market falls for fifth session
In a volatile session ahead of US Fed announcement, Sensex recovers 240 pts from day's low
 "Market falls for fifth session")
Even as cargo throughput grows by 4.6%, iron-ore cargo falls in major ports
Gujarat-based ports register strong growth in Q2
 "Even as cargo throughput grows by 4.6%, iron-ore cargo falls in major ports")
 "BITS Hyderabad opens its doors for overseas students")