Consumers may still get sharper cuts in retail prices of petrol and diesel if Indian oil marketing companies decide to reduce their margins on the sale of auto fuels that has increased substantially due to abnormally low global oil prices.
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India's annual inflation rate based on wholesale prices declined to 2.26 per cent in February from a rise of 3.10 per cent in January, official data showed on Monday.
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Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore....
Yes Bank shareholders holding less than 100 shares are exempted from the lock-in requirement of three years from the commencement of the reconstruction scheme....
With the GST Council, headed by Finance Minister Nirmala Sitharaman, increasing the GST on mobile phones from 12 per cent to 18 per cent on Saturday, industry experts feel it would hit the industry and the consumers hard....
The Government on Saturday raised excise duty on petrol and diesel by Rs 3 per litre, the highest in five years, taking advantage of the low global oil prices to boost its coffers.
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The government decision to lock-in investments of all investors, including existing ones, holding more than 100 shares in Yes Bank may create room for a legal tussle, with analysts suggesting that minority shareholders of the private sector bank could approach the courts against this differential treatment.
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Minister for Civil Aviation Hardeep Singh Puri on Saturday said coronavirus scare may lead to 15-20 per cent drop in domestic air traffic but India would overcome the challenge and see robust growth in the civil aviation sector....
