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June 24, Saturday 2017 9:05 PM       
       HEADLINES: Attack on actress: Dileep complains of Rs. 1.5 crore ransom and blackmail                                              Unaccounted wealth: Vigilance rules out investigation against Jacob Thomas                                              Much irregularities found at Chempanode village office                                              Missing Malayalee priest found dead in Scotland                                              Dileep says reinvestigation based on his complaint                                              Modi embarks on three-nation tour                                              Kovind to kick-start nation-wide tour from UP                                              BAT team carried headband camera to record terror attack                                              India cannot progress without Hindi: Naidu                                              100 feared buried by landslide in China                                              73 dead in multiple blasts in 3 Pak cities                                              India thrash Pak 6-1 in Hockey World League                                              Kaumudi Facebook
       BUSINESS  
         Spice GST Suvidha provider is all geared up for July 1st    
 
 
NEW DELHI: India is at the dawn of implementation of fair taxation, GST is all set to rollout on July 1st. The primary purpose of the Goods and Services Tax Network GSTN is to offer IT infrastructure and services to central and state governments, taxpayers and other stakeholders, to further facilitate the implementation of the GST.

 
         Sensex tumbles 153 pts on profit-booking    
 
 
MUMBAI: Benchmark Sensex gave up early gains to end 153 points lower at 31,138.21 Friday while the Nifty cracked below the 9,600-mark as investors took profit ahead of a long weekend.

 
         Sensex hits all-time high of 31,522    
 
 
NEW DELHI: The Bombay Stock Exchange's (BSE) sensex on Thursday witnessed an all-time high of 31,522 points, recording a surge of over 200 points since the opening figure.

 
         RBI to keep rates unaltered in near term: D&B    
 
 
New Delhi: The Reserve Bank is likely to keep key policy rates "unaltered" in the near term as prices of goods and services are expected to be volatile post GST and favourable inflation base effect wanes out, says a report.

 
         Sensex surrenders record gains on GST blues, mixed global cues    
 
 
Mumbai: The BSE Sensex slipped from record highs to close down by over 14 points on Tuesday on profit booking in recent gainers as investors turned cautious apprehending early glitches in GST rollout amid mixed global cues. The BSE 30-share barometer, after charting the positive terrain for the better part of the session, touched a high of 31,392.53, but slipped to 31,261.49 in late afternoon deals on across-the-board profit booking, especially in power, banking and FMCG counters.

 
         GST to be rolled at midnight June 30: Jaitley    
 
 
NEW DELHI: Finance Minister Arun Jaitley on Tuesday said the Goods and Services Tax (GST) will be rolled out from midnight of June 30 in the presence of several dignitaries including President Pranab Mukherjee, Vice President M Hamid Ansari and Prime Minister Narendra Modi, besides other luminaries.

 
         India plans SAARC meet for startups: Nirmala    
 
 
New Delhi: India is planning to organise a meet of startups of the South Asian region for exchange of new ideas and promoting interaction among them. Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian startups to hold this programme.

 
         Rupee gains 11 paise against dollar, stocks play anchor    
 
 
MUMBAI: The rupee advanced by 11 paise to 64.32 against the US dollar today as selling of the American currency by exporters and banks paced up.

 
         "Rs 700 cr worth of Momentum Jharkhand proposals implemented"    
 
Jamshedpur: Out of the Rs 3 lakh crore investment proposals that came during the Momentum Jharkhand investors meet in February, Rs 700 crore have already been implemented on the ground, state Chief Minister Raghubar Das said here today. "MoUs worth Rs 3 lakh crores was signed during the Momentum Jharkhand' meet. Out of which, proposals worth Rs 700 crore have already implemented on the ground," Das said.

 
         JK govt to seek complete consensus before GST implementation    
 
Srinagar: The Jammu and Kashmir government today termed GST as a "good tax reform" but said it will not push for its implementation till the time there is complete consensus on the issue.

 
         Mobile data consumption rose 142% in last 3 yrs: Kant    
 
 
New Delhi, Jun 17 (PTI) Mobile data consumption per subscriber in India has risen by 142 per cent in the last three years, NITI Aayog CEO Amitabh Kant today said.

 
         Gold loses sheen on weak global cues, muted demand    
 
 
NEW DELHI: Gold continued its slide for the third straight day and lost another Rs 50 to Rs 29,115 per 10 grams tracking weak global cues and muted demand from local jewellers at the bullion market today. Silver also declined by Rs 50 to Rs 39,050 per kg due to reduced offtake by industrial units and coin makers. Traders said, besides weak trend overseas as upbeat US economic data strengthened the dollar and eroded demand for the precious metals, fading demand from local jewellers and reta

 
         Rupee opens lower by 15 paise against dollar    
 
 
Mumbai: The rupee lost 15 paise to trade at a fresh two-week low of 64.68 against the dollar in early part today as the American unit strengthened overseas on upbeat data.

 
         Nifty ends below 9,600 post Fed rate hike    
 
 
MUMBAI: Benchmark Nifty shed 40 points to end below the 9,600-mark for the first time since May 26 amid sustained selling in IT, infra, auto and banking counters following the expected rate hike by US Fed.

 
         Paytm, 1mg offer discounts ahead of GST    
 
 
New Delhi: Online retailers like Paytm are offering special discounts to consumers to ensure that their sellers' stock is cleared before the GST tax regime sets in from next month.

 
         Customers may get Rs 5,000 if int'l SIM card fails    
 
New Delhi: Telecom regulator TRAI today recommended that international roaming SIM card and global calling card providers should pay Rs 5,000 as compensation to consumers who face service failure during an overseas travel. The compensation of Rs 5,000 has been suggested by the Telecom Regulatory Authority of India (TRAI) both for pre-paid and post-paid subscribers.

 
         Sensex closes higher, Nifty advances as inflation cools    
 
Mumbai: Stocks were restrained in their movement today ahead of the US Fed policy decision as the Sensex saw deep fluctuations, but managed to close with an upward bias taking cues from a falling inflation.

 
         RBI issues new Rs.500 bank notes with inset letter 'A'    
 
 
MUMBAI: The Reserve Bank of India (RBI) announced on Tuesday that it has issued Rs. 500 bank notes with inset letter 'A'. The central bank, in a statement, said that this was in continuation of the issue of Rs. 500 denomination bank notes in Mahatma Gandhi (new) series from time to time which are currently legal tender.

 
         Govt close to resolution on stressed power projects: Goyal    
 
 
New Delhi: The government is "very close" to firming up a resolution mechanism for stressed and stalled thermal as well as hydro power projects, Power Minister Piyush Goyal said today. According to industry estimates, there are stressed and stalled hydro and thermal power project of over 35,000 MW including 11,639 MW hydro electric plants. Experts put the value at over Rs 1.6 lakh crore.

 
         Inflation at record low of 2.18%; factory output slows to 3.1%    
 
New Delhi: Retail inflation slumped to record low of 2.18 per cent in May driven by sharp drop in kitchen staples like vegetables and pulses, strengthening government's case for lowering of interest rate by RBI. For the first time since January 2012, food prices saw deflation in May (-1.05 per cent) and the prospect of good monsoon rains is likely to keep food inflation in check.

 
         Cut down on salads to save costs: AI staff    
 
 
NEW DELHI: Removing salads from meals for economy class passengers on international flights and carrying fewer copies of in-flight magazine on board are among the cost-saving tips from the staff of beleaguered Air India.

 
         GST: Lowers tax for 66 items, price of coir and cashew to go down    
 
 
NEW DELHI: Tax rates on cashew nuts and coir have been cut to 5 per cent from 12 per cent as the Centre and states reduced levies on 66 items.

 
         GST Council revises rates for cinema tickets    
 
 
NEW DELHI: Union Finance Minister Arun Jaitley, in the 16th Goods and Service Tax (GST) Council meet on Sunday, announced maintaining of 28 per cent tax on all cinema tickets above Rs. 100, while of those below Rs. 100 to be reduced to 18 per cent.

 
         GoAir to launch additional flight on Delhi-Patna route    
 
 
MUMBAI: Budget carrier GoAir today said it will launch an additional flight service between New Delhi and Patna, starting tomorrow, as part of its route network expansion plans. With the addition of the new service, the city-based airline will be flying four daily flights between the two capital cities, GoAir said in a release.

 
         Alibaba Cloud to open data centres in India, Indonesia    
 
 
MUMBAI: Alibaba Cloud, the cloud computing arm of Alibaba Group, announced today that it plans to establish two new data centers in Mumbai in India and Jakarta in Indonesia during the current financial year.

 
         Air India making profits in NE; plans Guwahati-Bangkok flight    
 
 
Guwahati: Air India's operations in north- east are profitable with a market share of 17 per cent and it is now looking to expand presence in the region, including a direct Guwahati-Bangkok flight, a top official said today. "Some of our routes are not very profitable in north-east and has less occupancy. But we get a viability gap funding from the NEC. So, overall our operations are profitable in NE," Air India Chairman and MD Ashwani Lohani told reporters here.

 
         Urjit Patel to appear before Par panel on July 6    
 
 
NEW DELHI: RBI governor Urjit Patel will on July 6 appear before a parliamentary panel which has called him for the fourth time to discuss the demonetisation move.

 
         RBI directs bank branches to comply with PPO order    
 
 
Mumbai: The Reserve Bank has asked bank branches to record pension payment order (PPO) number in the passbooks of pensioners to avoid any hassle in case the PPO is lost.

 
         Sebi directs URO Group firms to refund investors' money    
 
New Delhi: Markets regulator Sebi has directed five URO Group firms and their directors to refund the money, which they had illegally collected from the public, within three months.

 
         SBI raises Rs 15,000 crore through QIP    
 
Mumbai: Country's largest lender SBI today said it has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP), the largest share sale in the secondary market by a bank.

 
 
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