The government will soon make it mandatory to furnish the tax department-allotted Permanent Account Number (PAN) details for cash transactions beyond a certain threshold, Finance Minister Arun Jaitley said on Sunday.
The revised price of domestic natural gas at $3.82 per unit for six months from October 1 will "discourage oil exploration and production companies from committing new capital expenditure", American ratings services Standard & Poor's said on Sunday.
Housing Development Finance Corporation Ltd. said on Saturday it has raised Rs.10,000 crore employing a mixture of non-convertible debentures (NCD) and warrants to qualified institutional investors.
State owned miner Coal India said on Saturday it missed its output target of 38.77 million tonnes for September this year by four percent while outperforming its offtake target for the same month.
Hundreds of trucks laden with essential commodities on Sunday headed to Nepal after India lifted an 11-day unofficial restriction on Nepal-bound cargo trucks and freights.
Truck operators here and in Punjab and Haryana on Sunday vowed to intensify their agitation from Monday as the government has failed to meet their demands such as scrapping the toll system.
India's exports still have a ray of hope with the possibility of a rebound in the coming months despite a negative growth trajectory for nine months (December 2014- August 2015), said an analysis by PHD Chamber of Commerce and Industry on Saturday.
Following lending rate cuts from major banks across the country, state-run Union Bank of India (UBI), Indian Bank and Syndicate Bank and private Karur Vysya Bank on Saturday too cut their lending rates.
Life Insurance Corporation of India (LIC), one of the largest life insurers in Asia, has reduced its holding in Chennai Petroleum Corporation Ltd (CPCL) by 2.011 percent to 5.041 percent through market sale, the oil refining company said.