Business

Addressing industry chamber FICCI on the domestic production potential of hydrocarbons, Minister Dharmendra Pradhan said the synthetic gas was expected to be cheaper than natural gas.

The 30-share index rose by 51.78 points, or 0.15 per cent, at 34,484.85, in opening trade with IT, realty, teck, power and auto leading the recovery by rising up to 0.80 per cent.

AirAsia will seek approval at the next AirAsia India board meeting to pick a banker to start a preliminary process for an IPO, Tony Fernandes posted on Twitter on Wednesday.

Gross collections (before adjusting for refunds) have increased by 12.6 per cent to Rs 7.68 lakh crore during April to December, 2017.

The note comes days after the Central Statistical Office came out with its advanced estimates of growth for FY18 suggesting a slowdown in GDP expansion to 6.5 percent, the lowest in four years.

It also said that as some of its subsidiaries Air India Air Transport Services Limited (AIATSL), Air India SATS Airport Services Private Limited (AISATS), Alliance Air and Air India Express were making profits, these units should "not be disinvested."

The company said the north and east regions together account for 80 per cent of the juice market in India and VBLs contiguous reach helps us more than double the distribution reach in these states.

The process will require an engineer to visit each ATM location and recalibrate one of the cassettes to accommodate the Rs 200 notes, ATM manufacturer and service provider NCR Corporation India managing director Navroze Dastur said.

Businesses with turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier.

The rupee opened higher by 3 paise at 64.05 a dollar against previous close of 64.08 a dollar. It moved in range of 64.06 a dollar to 63.95 a dollar in early trade before quoting at 63.98 at 0945 hrs.

At the start, the 50-share Nifty climbed to 10,515.90, up 25.15 points, or 0.23 per cent.

"In the next calendar year 2018, we (Niti Aayog) will focus even more on agricultural transformation, malnutrition, higher education and employment generation," Niti Aayog Vice-Chairman Rajiv Kumar Kumar told PTI.

Of the Rs 80,808 crore collected, Rs 7,798 crore has been garnered as compensation cess in November – the fifth month of GST roll out.

India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion plans, especially to tap the potential on regional routes.

With the long-running case coming to a close, whether satisfactory or not is for some other day, it would be interesting to see how the case and key moves in it by the court and the national auditor changed the country's telecom landscape significantly.

I think the government should get leaders from the tech industry to be the CIO. This will bring credibility to the process, said Former Infosys CFO V Balakrishnan.