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Need more clarity on data bill

MNCs may find the proposed info protection law tough to comply with and to do business in India
DNA - Published

Patient investors reap best benefits

Investors should assess schemes on certain parameters such as strong fundamentals, risk adjusted ratios, past track record of the company or fund and AUM before buying
DNA - Published

Customers can buy FASTags on e-platforms, apps

DIGITAL HIGHWAY: Banks have issued over 5 million tags, which are accepted at over 500 toll plazas across India
DNA - Published

No penalty on rejected HRA exemption

Under the provisions of the Income Tax Act, 1961 ('the Act'), every taxpayer who stays in a rented accommodation and receives HRA from his/her employer is entitled to claim exemption for the allowance..
DNA - Published

Written consent of old owner is necessary to transfer insurance

If the previous owner (transferor) of the vehicle is not giving written consent to transfer the policy in the new owner's (transferee) name, the new owner has to go for new policy altogether
DNA - Published

We will meet affordable housing deadline before 2022: Hardeep Singh Puri

Puri says the proposed cushion of 3.5% on the interest paid on loans taken for flats up to Rs 45 lakh will put around Rs 7 lakh in the pocket of an average citizen
DNA - Published

HDFC, Pidilite, Federal Bank likely to be in limelight today

11500-11450 is a critical demand zone for Nifty. If Nifty manages to hold this zone then we can expect a bounceback while 11620-11650 zone is acting as a supply zone
DNA - Published

Ace investor Jhunjhunwala loses over Rs 100 cr in DHFL share plunge

DHFL's stock slumped over 30% on Monday as it touched a 52-week low of Rs 46.70, after the company reported a huge loss on Saturday
DNA - Published

DGCA asks airports to arrange aircraft recovery kits

Currently, only national carrier Air India has one recovery kit, which is not adequate for the number of airports and type of aircraft operating in India, says officials
DNA - Published

IL&FS Group puts GIFT City offices on block

IL&FS Group owns a total of 4,76,634 sq feet, or 44,280.75 sq metre, in both the buildings
DNA - Published

RBI fines SBI for not complying with regulatory norms

The Reserve Bank of India (RBI) has imposed a fine of Rs 7 crore on State Bank of India (SBI) for failing to comply with the regulatory guidelines on asset classification and income recognitions and..
DNA - Published

MSRDC scouts for new toll agency for Mumbai-Pune Expressway

The contract of IRB Infrastructure Developers is ending next month
DNA - Published

Supreme Court junks PIL against LIC

The PIL filed by NGO Moneylife Foundation, a social activist, and two individuals who lost their invested money in this particular scheme
DNA - Published

Air India links Indore to Dubai with direct flight

From Indore, Air India is operating a 162-seater A320 neo aircraft, which will fly 3 times a week directly to Dubai on every Monday, Wednesday and Saturday.
DNA - Published

Rs 15,310.73 billion returned from circulation post-demonetisation

On November 8, 2016, the Centre had invalidated Rs 500 and Rs 1,000 notes and introduced new Rs 500 and Rs 2,000 notes in a bid to fight terror funding and money laundering.
DNA - Published

86% Ujjwala beneficiaries return to take 2nd refill: Dharmendra Pradhan

Pradhan also said during the last five years, Oil Marketing Companies (OMCs) have commissioned more than 9,000 LPG distributorships to make LPG easily available and accessible to customers
DNA - Published

WPI inflation eases to near 2-year low

The Wholesale Price Index (WPI)-based inflation was at 2.45% in May.
DNA - Published

China GDP growth slows to 6.2% in second quarter

The 6.2% figure released by the National Bureau of Statistics was in line with a survey of analysts by AFP and down from a 6.4% expansion in the first quarter.
DNA - Published

DNA Edit: Wise words - It is important to heed what Godrej has said

He warned that rising intolerance, hate crimes and moral policing can "seriously damage" the nation's economic growth prospects
DNA - Published

5 essential habits for wealth creation

Failing to plan financial goals is equivalent to planning to fail in your financial growth. Savings, early goal-based investments and fewer expenses have a defining effect on our future wealth
DNA - Published

Why you must not consider tax refund as free money

It is basically a deferred payment of your income
DNA - Published

Fund Review: SBI Dynamic Fund avoids credit bets, invests in G-Secs

The risk-management team also periodically reviews the portfolio to ensure that the managers adhere to the guidelines
DNA - Published

Work, earn, spend and save for rainy days: Aakanksha Singh

Live your life, you never know what will happen tomorrow, says Aakanksha
DNA - Published

L&T Infrastructure Finance gets $100 mn boost for renewable energy push

The approval marked the first advance to a non-banking finance company (NBFC) for the Beijing-headquartered multi-lateral bank
DNA - Published

ABB to sell solar inverter business in India to Italian FIMER

Both the companies have inked an agreement for the transaction and the deal is expected to be completed sometime during the first quarter of 2020
DNA - Published

Auto slowdown severe, not seen in past two decades

BUMPY ROAD: Current weakness in auto sector driven by factors such as NBFC crisis, regulatory cost pressure
DNA - Published

Risk-averse HNIs may return to equity markets in few months

Recently, the HNI category took a hit after the FM in the recently-concluded Union Budget proposed to increase the surcharge on individuals having taxable income above Rs 2 crore
DNA - Published

DHFL loans set for rejig post forensic audit

SBI Caps to vet the restructuring package, which will then be scrutinised by an oversight committee with external members
DNA - Published

Draft Tenancy Act can boost rental housing

Realty experts bat for policy to enforce rental contracts; attract corporates to give service apts to employees
DNA - Published

Guidelines for PSU banks to pick pooled assets of NBFCs likely this week

For this, the government will provide one time six months' partial credit guarantee to PSBs for first loss of up to 10%.
DNA - Published

BHEL bags Rs 100-crore from NTPC to set up solar power plant

The plant will be set up on the raw water reservoir of NTPC's Simhadri Thermal Power Plant, BHEL said in a statement
DNA - Published

Selling Government securities overseas: Montek says gains far less than

We thought it will do us more damages than gains, Ahluwalia role PTI over the weekend here.
DNA - Published

Defence products' exports to exceed Rs 35,000 crore target

Exports were just worth Rs 1,500 crore in 2016-17 and Rs 4,500 crore 2017-18
DNA - Published

Reserve Bank India to come out with mobile app for currency notes identification

At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Centre
DNA - Published

Panel clears draft tender to select auctioneer for 2019 spectrum sale

The Department of Telecom hopes to have the auctioneer in place by early-September, the source added.
DNA - Published

Regulator bound by rules, cannot recommend penalty changes in interconnect case: Trai official

The regulator has already given its views once in response to a back reference in 2017 by DoT, the Trai official said adding that as per the provisions in the Act there is no scope for any further..
DNA - Published

Solar Energy Federation pitches of capping renewables tariff at Rs 3/unit under NTPC, SECI auctions

The capping will help keeping the renewables tariff lower than Rs 3 per unit
DNA - Published

DPIIT to soon float draft national retail policy to seek stakeholders' views

The policy will streamline the retail trade and promote ease of doing business in the sector.
DNA - Published

Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power & Steel

Last week, PNB reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company BPSL by misappropriating bank funds and manipulating its books of accounts
DNA - Published

Gold bug: Why duty hike on the precious metal is a bad idea

There is a simple and predictable fallout of this: increase in smuggling
DNA - Published

Over 40,000 units in Gujarat owe Rs 29,000 cr in taxes

The figures were revealed in reply to various queries made by MLAs in the state assembly.
DNA - Published

Essar Steel lenders fight NCLAT order

A supplementary petition will be filed in the court by Monday, says sources
DNA - Published

Infosys Q1 net profit grows 5.2% to Rs 3,802 crore

The country's No 2 IT services firm posted a net profit of Rs 3,802 crore, or Rs 8.83 per share, in April-June as compared to Rs 3,612 crore, or Rs 8.31 a share, in the same period of the previous..
DNA - Published

ITC to foray into new FMCG categories, eye on acquisitions: Chairman Sanjiv Puri

Addressing the company's shareholders at its annual general meeting, ITC Chairman Sanjiv Puri said the company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of..
DNA - Published

Japanese cryptocurrency exchange loses $32 million worth of virtual money

Tokyo-based Remixpoint, which runs the BITPoint exchange as well as travel, used car and energy businesses, apologized Friday, acknowledging the losses were confirmed starting Thursday.
DNA - Published

SBI Managing Director Anshula Kant named World Bank MD and CFO

As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.
DNA - Published

Inflation rises marginally, factory output slows

As per figures released by the Central Statistics Office (CSO), factory output growth based on Index of Industrial Production (IIP) slipped to 3.1 percent in May as against 4.3 percent in the previous..
DNA - Published

RBI's reports never mentioned possible IL&FS crisis: Arvind Subramanian

Subramanian further says that India's biggest challenge at the moment is twin balance sheet problem
DNA - Published

Adani Ports board approves raising up to $700 million via foreign currency bonds

The proceeds of the bonds will be used for the refinancing of existing notes due in 2020
DNA - Published

Infosys to hire 18,000 people from campuses in FY20

Infosys, which has over 2.29 lakh employees, is also battling high attrition, although the company asserted that this has not impacted its deliverable
DNA - Published

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