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March 29, Wednesday 2017 8:43 PM       
       HEADLINES: Goons attack cinema producer in Kochi                                              Thrissur Pooram: Legal permission will be given to fireworks, says Centre                                              Nursing recruitment scam: Uthup Varghese arrested                                              First complaint lodged in phone trap case                                              Nalini Netto new chief secretary                                              Not in the Presidential race, says RSS chief                                              Sena MP Gaikwad travels by car to Delhi                                              Brexit countdown begins as Article 50 triggered                                              US court dismisses case against H-1B lottery system                                              Trump signs order to roll back Obama climate change measures                                              India lucky to have a stand-in captain like Rahane: Chappell                                              Foul-mouthed Messi banned for four Argentina games                                              India break jinx, beat Myanmar                                              Kaumudi Facebook
       BUSINESS  
         Cairn India, Vedanta get approvals for merger except RBI ratification    
 
 
NEW DELHI: Cairn India and Vedanta have received all regulatory approvals for their merger, except the Reserve Bank of India’s (RBI) nod for issue of preference shares, the two companies said on Tuesday. Unlike in 2011, when mining baron Anil Agarwal bought over Cairn India for $8.7 billion, no apparent conditions have been set for the approvals by the government. The approvals include transfer of participating interest of Cairn India in fields like the giant Rajasthan oilfield and Ravva

 
         Sensex makes modest gains in risk-off trade    
 
 
MUMBAI: Building on the ongoing recovery, the Sensex added about 85 points in early trade today as a positive global trend kept investors' morale high. Speculators cut down their short positions ahead of the March derivatives contract expiry tomorrow and the rupee strengthened to a 17-month high of 64.95 against the dollar, which helped improve the risk appetite.

 
         RBI exempts banks from opening on Apr 1 on annual closing    
 
 
MUMBAI: Reversing its earlier order, the Reserve Bank today said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business. In its earlier directive on March 24, the RBI had asked all authorised banks to be open on all days from March 25 to April 1, including Saturday, Sunday and all holidays, to facilitate the government's receipts and payments. The departments concerned of RBI were also to remain open on these days. In its

 
         SBI spent Rs 775 cr in maintaining Jan Dhan accounts: Govt    
 
 
NEW DELHI: The total cost of operation of Jan Dhan accounts by State Bank of India is Rs 774.86 crore, Parliament was informed today. "Bank-wise and year-wise information on the cost of operation of Pradhan Mantri Jan Dhan accounts is not maintained. However, the total cost of operation of Jan Dhan Yojana (PMJDY) accounts as reported by State Bank of India as on December 31, 2106, is Rs 774.86 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya S

 
         GST Bills in present form not acceptable: Cong    
 
 
NEW DELHI: The GST Bills in their present form were "not acceptable" to the Congress, but the party sought to tread cautiously to avoid being seen as against the tax reform measure. At a key strategy meeting of Congress MPs in the Lok Sabha chaired by party vice president Rahul Gandhi, it was decided to raise the concerns of the public on the GST Bills and seek necessary amendments.

 
         Govt wants to pass GST bills through consensus: Jaitley    
 
 
NEW DELHI: Finance Minister Arun Jaitley said the GST bills are based on the principle of "shared sovereignty" and that the government wants to pass these landmark tax reforms through consensus. Jaitley was briefing the party MPs after BJP's parliamentary party meeting here which was also attended by Prime Minister Narendra Modi, Parliamentary Affairs Minister Ananth Kumar told reporters after the meeting.

 
         GST bills introduced in Lok Sabha    
 
 
NEW DELHI: Four bills aimed at rolling out the much-awaited Goods and Services Tax (GST) and usher in landmark tax reforms in the country were tabled in the Lok Sabha today. The Opposition objecting to it saying the introduction of these measures was not listed in today's agenda for the House. Finance Minister Arun Jaitley introduced the Central GST, Integrated GST, Union Territory GST and the Compensation Law for passage by Parliament to implement the one-nation, one-tax regime.

 
         COAI favours auction in 2018, wants market to settle down    
 
 
NEW DELHI: Cellular operators' body COAI has said the government should not rush to spectrum auction this year and instead, allow the market to settle down in the wake of recent mergers and acquisitions. COAI emphasised that the next round of sale of airwaves should ideally be scheduled in 2018. "In the immediate context, we don't expect a whole lot of demand for the spectrum because mergers and harmonisation will lead to efficiencies in terms of use of existing spectrum. Companies like Id

 
         Sensex trips 97 points, Nifty below 9,100    
 
 
MUMBAI: The benchmark Sensex fell almost 97 points and the NSE Nifty cracked below the 9,100-mark in early trade on March 27 as investors took profit in recent gainers amid weak Asian cues.

 
         Aditya Puri features in Barron’s 30 best CEOs    
 
MUMBAI: HDFC Bank managing director Aditya Puri's name has featured in the list of world's 30 best CEOs, published by American financial magazine Barron's.

 
         India is 3rd largest aviation mkt in domestic traffic    
 
 
NEW DELHI: India has become the third largest aviation market in terms of domestic passenger traffic, beating Japan, an industry report has said.

 
         China win for Apple as court overturns iPhone ruling    
 
 
BEIJING: A Beijing court has overturned a ruling that Apple's iPhone 6 violated a Chinese manufacturer's patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its iPhone6 and iPhone 6 Plus, and would be barred from selling those models.

 
         CBEC to be renamed CBIC under GST regime    
 
 
NEW DELHI: The apex policy making body for indirect taxes, CBEC is being rechristened as theCentral Board of Indirect Taxes & Customs (CBIC) in the run up to the Goods and Services Tax regime to be rolled out from July 1. "The Central Board of Excise & Customs (CBEC) is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval," a Finance Ministry statement said.

 
         Sebi bans RIL from equity derivatives market for 1 year    
 
 
NEW DELHI: Sebi today banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the Mukesh Ambani-led firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case. A company spokesperson said it will challenge the order.

 
         Sensex up for 2nd day, Nifty reclaims 9100 as bank stocks gain    
 
 
MUMBAI: Stock markets extended gains for a second day with the BSE Sensex rising over 89 points and NSE Nifty regaining 9,100 level today as banking stocks rally on Finance Minister Arun Jaitley assurance of finding a solution to NPA problem soon. The 30-share BSE Sensex rose to intra-day high of 29,539.85 before closing at 29,421.40, showing gains of 89.24 points, or 0.30 per cent over last close. The gauge had gained 164.48 points in the previous session.

 
         Govt may table 4 GST bills in Parliament today: Minister    
 
 
NEW DELHI: The government may table four GST supplementary legislations in Parliament today, a union minister said. "We can do it today as well. A meeting on GST will be chaired by Finance Minister Arun Jaitley today," Minister of State for Finance Arjun Ram Meghwal said when asked about tabling of the four GST bills in the Lok Sabha. He was speaking to reporters on the sidelines of an infrastructure event here. The Cabinet on Monday cleared the four GST related bills to enable roll out

 
         Airfares in India among 'lowest' globally: Sinha    
 
 
NEW DELHI: India has one of the lowest and “most competitive” airfares in the world despite high cost of planes and fuel, Union Minister Jayant Sinha said on Wednesday. “These are the two most important costs for an airline. Our taxes are also quite high,” said the Minister of State for Civil Aviation. “But when you look at pricing in India, as far as Indian airlines are concerned, I can assure you that we are among the lowest and most competitive air fares in the world,” he ad

 
         Sensex tanks 318 pts, Nifty slumps below 9100 on global clues    
 
 
MUMBAI: The benchmark BSE Sensex plunged by 318 points to close at nearly two-week low of 29,167.68 largely due to selling in auto, banking, metal and FMCG stocks triggered by weak global markets. The NSE Nifty also slipped below the 9,100 mark by shedding 91.05 points, or 1 per cent, to settle at 9,030.45. Global markets have been under pressure on concerns over Donald Trump's ability to deliver his key policies and missile tests by North Korea, brokers said.

 
         Notes ban to spur economic activity: Govt    
 
 
NEW DELHI: The government's demonetisation move is set to augment the economic growth as interest rates have come down as a result of increased deposits in banks, Parliament was informed today. It is noteworthy that the government is being targeted constantly from across the quarters for nullifying old Rs 500/1,000 notes from circulation in November, contending it would impact the economy negatively as India is a cash dominant market. "After demonetisation, more deposits came into the ba

 
         Govt nod for 18 new airports costing Rs 30,000 cr    
 
NEW DELHI: The government has given in principle approval for setting up 18 airports which together are estimated to cost nearly Rs 30,000 crore. Minister of State for Civil Aviation Jayant Sinha today said the government has granted "in principle" approval for the greenfield airports.

 
         Govt nod for 18 new airports costing Rs 30,000 cr    
 
NEW DELHI: The government has given in principle approval for setting up 18 airports which together are estimated to cost nearly Rs 30,000 crore. Minister of State for Civil Aviation Jayant Sinha today said the government has granted "in principle" approval for the greenfield airports.

 
         Adani Enterprises acquires Adani Infra    
 
NEW DELHI: Adani Enterprises today said it has acquired Adani Infrastructure Pvt Ltd (AIPL), which is yet to commence business operations. AIPL with an authorised and paid up capital of Rs 5 lakh is a subsidiary of Adani Properties Pvt Ltd for development of infrastructure, a promoter group company. "The company has acquired 100 per cent equity share capital of AIPL...The transaction is done at arm's length basis...equity shares are acquired at a face value of Rs 10 each," the company s

 
         Vodafone, Idea Cellular to create new Indian market leader    
 
 
MUMBAI: British telecom major Vodafone and Aditya Birla group-run Idea Cellular today announced the merger of their operations, creating the largest mobile operator by customer and revenue market share. The merged entity, which will come into force over the next two years, will be headed by Kumar Mangalam Birla as Chairman. Vodafone will have its nominee as the chief financial officer, its CEO Vittorio Colao said here at a press meet, which was also attended by Birla.

 
         Softbank appoints Kabir Mishra to Snapdeal board    
 
BENGALURU: Japanese conglomerate Softbank has appointed its most experienced e-commerce veteran Kabir Mishra to the Board of e-commerce firm Snapdeal to support the company. "Softbank has appointed its most experienced e-commerce veteran Kabir Mishra to the board of Snapdeal to support the company," a source privy to the development told PTI.

 
         Idea to sell 2G, 3G, 4G mobile data at same price from Mar-end    
 
 
NEW DELHI: Telecom operator Idea Cellular will start selling 1GB and above mobile data plans across its 2G, 3G and 4G network at same price by the end of this month. "Idea has now announced that it will allow open market data recharges of 1GB and above to work on Idea's 2G, 3G or 4G network without any differential prices and this will be rolled out nationally by March 31, 2017," Idea said in a statement. At present Idea mobile internet plans are priced at different rates. Due to stiff

 
         Airbus to set up its first Asia training facility in Delhi    
 
NEW DELHI: Aircraft maker Airbus will set up a training facility for pilots and maintenance engineers in the national capital to cater to the growing demand of skilled people in the domestic aviation space. Civil Aviation Minister Ashok Gajapathi Raju today performed the ground-breaking ceremony for the Airbus India Training Centre, which will be located close to the international airport here.

 
         BSNL offers 2GB data per day, unlimited calling for Rs 339    
 
 
NEW DELHI: To counter threat from Reliance Jio, state-run telecom firm BSNL today launched a new plan that offers 2 GB of 3G data per day and unlimited calling within its network for Rs 339. "The benefits customer will get under the Combo STV (special tariff voucher) of Rs 339 are unlimited calls in BSNL network and unlimited data with fair use policy of 2 GB per day with validity of 28 days," BSNL said in a statement.

 
         Sensex soars 188 pts, Nifty at fresh closing peak on Fed move    
 
 
MUMBAI: The prospects of a gradual approach to US rate hike gave markets more reason to rejoice as the Sensex today added 188 points to close at a 2-year high of 29,586 and the Nifty hit a new peak of 9,154, buoyed by strong capital flows. The NSE index rose to a record 9,158.45 (intra-day) before ending the day at a new closing high of 9,153.70, up 68.90 points, or 0.76 per cent, breaching its previous record of 9,087 on March 14.

 
         Prominent Australians ask Adani to abandon coal mine project    
 
 
MELBOURNE: Cricket legends Ian and Greg Chappell and other prominent Australians in an unusual move have written to Indian energy giant Adani to abandon its controversial coal mine projectin Queensland, warning it could damage bilateral ties and even hit sporting links. The 21.7 billion dollar Carmichael coal mine project, one of the world's largest, to start construction this year after being given the green light by the federal and Queensland state governments.

 
         Harley-Davidson launches Street Rod at Rs 5.86 lakh    
 
 
NEW DELHI: Harley-Davidson India today launched a new mid-level racing bike Street Rod, at Rs 5.86 lakh (ex-showroom, New Delhi).

 
 
Do you think TV expose on minister's private talk was justifiable?
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