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September 23, Saturday 2017 5:53 AM       
       HEADLINES: SC approves admissions to three pvt medical colleges                                              Thomas Chandy’s issue needs to be discussed within LDF: CPI                                              One-week old dead body found in Thiruvananthapuram                                              RSS functionary Nandakumar lashes out at Pinarayi                                              Single-Bench has right to lift ban on Sreesanth: HC                                              Dawood is in Pak: Kaskar tells Thane police                                              Ready to contest if election can be held within 100 days: Kamal Haasan                                              Navy gets its first indigenous submarine ‘Kalvari’                                              'Madman' Kim Jong-Un doesn't mind starving or killing his people: Trump                                              Zardari resposnible for Benazir Bhutto's murder: Musharraf                                              Moon at UN: S Korea not seeking collapse of N Korea                                              China bans use of anti-Islam words on social media                                              Pakistan a 'terroristan': India                                              Paes, Raja reach St. Petersburg Open tennis semi-finals                                              Srikanth, Prannoy lose; Pranaav-Sikki in semis of Japan Open                                              India dethrone SA to attain top spot in ODIs                                              Kaumudi Facebook
         Note ban was a shake-up, achieved its main objectives: Jaitley    
Mumbai: Finance Minister Arun Jaitley today said demonetisation was a shake-up which achieved its "principal objectives" of decreasing cash transactions, expanding the tax base and increasing digitisation.

         Stressed assets core area of concern: Jaitley    
MUMBAI: Union Finance Minister Arun Jaitley on Friday stated that although the banking sector has seen a substantial revamp, the problem of stressed assets still persists and remains the core area of concern.

         SBI launches FTSE SBI Bond Index series in London    
MUMBAI: State Bank of India and FTSE Russell, a global index and data provider have announced the launch of FTSE SBI Bond IndexSeries at the London Stock Exchange on Friday, providing the global investor community and other market participants the tools they need to analyse India's bond market.

         Sensex tanks 448 pts on global sell-off, falling rupee    
MUMBAI: Stocks ended the week on a distinctly bearish note after the Sensex tanked 447 points -- the biggest fall in over nine months -- and the Nifty ended below the 10,000 level on Friday as renewed geopolitical worries about North Korea rattled investors.

         FinMin dispels concerns over high GST transition credit    
NEW DELHI: The finance ministry Friday sought to dispel concerns about Rs. 65,000 crore transitional credit claims saying that the Centre's revenue kitty will not go down because of these claims.

         'Tax on fuel more important for a dry state like Gujarat'    
Ahmedabad: Gujarat deputy Chief Minister Nitin Patel today said that for a state which doesn't get any revenue from liquor sale because of prohibition, the tax on petrol and diesel is all the more important.

         Tata battle: NCLAT grants shareholding waiver to Mistry    
New Delhi: Ousted Tata Sons chairman Cyrus Mistry today got a boost in his fight against Tata Sons when the National Company Law Appellate Tribunal (NCLAT) waived the minimum shareholding rule for him to file a case of alleged oppression of minority shareholders.

         Jaitley asks biz not to wait till last day to file GST returns    
New Delhi: With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley today asked them to avoid last-minute rush for tax filing.

         "Distinct Person" under the GST Act is a recipe for inviting tax litigation    
New Delhi: The All India Tax Advocates' Forum (AITAF) has urged Finance Minister Arun Jaitley to take a re-look at the existing definition of "Distinct Person" under the Central GST Act to protect legitimate interests of trade and industry and to avoid potential tax litigation in coming years.

         Tata Technologies appoints JK Gupta as new Chief Financial Officer    
New Delhi: Leading global provider of engineering services and manufacturing enterprise IT Tata Technologies on Wednesday announced the appointment of J.K. Gupta as its new Chief Financial Officer.

         Nifty ends flat amid caution ahead of Fed meet    
MUMBAI: The NSE benchmark Nifty ended the volatile session flat with negative bias, down 5.55 points on selling mainly in PSU bank, metal, pharma and financial service.

         Ministry of Tourism reports 11 pct growth in FTA in August    
NEW DELHI: Ministry of Tourism on Monday reported the monthly estimates of Foreign Tourist Arrivals (FTAs) and FTAs on e-Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI).

         Fuel prices may come down by Diwali: Pradhan    
AMRITSAR: Petroleum and Natural Gas Minister Dharmendra Pradhan said Tuesday that fuel prices may come down by Diwali, which falls (rpt) falls next month.

         GST on petrol, diesel requires wider discussion: Nitish    
PATNA: Bihar Chief Minister Nitish Kumar Monday said the issue of implementing the Goods and Services Tax (GST) on petrol and diesel requires a wider discussion in the GST Council.

         Nifty ends at new peak 10,153, Sensex soars 151 pts    
MUMBAI: The Nifty crossed a new milestone to close at a record 10,153 today and the Sensex surged 151 points to 6-week high, driven by stronger rupee and revival of buying interest of foreign investors amid abundant liquidity.

         Nifty scales fresh peak of 10,167.15, Sensex climbs 235 pts    
MUMBAI: The benchmark Nifty Monday climbed to new life high of 10,167.15 and the Sensex surged over 235 points in the opening session on fresh capital inflows by foreign funds amid positive global cues.

         MiG eyes deal to supply military jets to Navy    
NEW DELHI: Eyeing a multi-billion dollar contract from the Indian Navy for the supply of fighter aircraft, Russian military aviation firm MiG Sunday said it was not averse to the transfer of technology and joint development of MiG-29 K jets with Indian companies.

         RBI likely to keep policy rate on hold till fiscal-end: Report    
New Delhi: The Reserve Bank is expected to pause rate cuts for the rest of 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, says a Kotak Institutional Equities report. According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.

         Govt may raise over Rs 15K cr from IPO of 2 PSU gen insurers    
New Delhi: Initial public offering of the two state-owned general insurance companies is likely to yield over Rs 15,000 crore to the exchequer, said merchant banking sources. Out of the five state-owned general insurance companies, New India Assurance (NIA) and GIC Re are gearing up to hit the capital market over the next few weeks.

         Air India plans to rationalise some routes, says Bansal    
Copenhagen: Air India plans to rationalise some routes operated by the airline and its subsidiaries, including in the Gulf region, as part of cost saving efforts, according to the airline's chief Rajiv Bansal.

         AI starts direct flight to Copenhagen    
NEW DELHI: Air India on Saturday launched its direct flight from the national capital to Copenhagen, the eleventh destination for the airline in Europe, describing it as connecting 'Maharaja with the Mermaid'.

         SBI hopeful of controlling fresh slippages: MD    
KOLKATA: Country's largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages.

         Odisha leader in ease of doing business ranking: Naveen    
BHUBANESWAR: Odisha Chief Minister Naveen Patnaik has said the state has been recognised as a "leader" by the Centre for facilitating reforms on doing business.

         Connaught Place world's 10th most expensive office location'    
NEW DELHI: New Delhi's Connaught Place has slipped one position to become tenth most expensive office location in the world with an annual rent of USD 111 per sq ft, according to property consultant CBRE.

         Should not miss industrial revolution this time: Pradhan    
NEW DELHI: Union Minister Dharmendra Pradhan Friday made a pitch for skill development so that those entering the workforce find decent job matches, saying "we should not miss industrial revolution this time."

         Dubai bets on Expo 2020 to boost property sector    
DUBAI: Dubai's glitzy property market, hit by a three-year downturn, is regaining momentum as the emirate prepares for its Expo 2020 trade fair, analysts and developers say.

         Google to launch mobile payment service in India    
NEW DELHI: Tech giant Google is slated to unveil a digital payment service in India next week that has been developed for the local market, according to industry sources.

         Sensex stays up for 6th day, headwinds remain    
MUMBAI: Pharma and banking stocks today made sure the Sensex kept its winning run going for the sixth day even as investors turned wary because of a spike in inflation and subdued Chinese economic data.

         Aadhaar law likely to pass test of constitutionality: Jaitley    
New Delhi: Finance Minister Arun Jaitley Wednesday exuded confidence that Aadhaar law will pass the test of constitutionality, saying the legislation has adequate safeguards for data protection.

         Cong hits out at centre over petrol prices    
New Delhi: The Congress today accused the Modi government of meting out "step-motherly treatment" to common man by raising petrol prices even as global crude oil prices were on the decline.

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