Profit booking dents equity markets

Mumbai , May 31

Profit booking, coupled with caution ahead of release of key macro-economic data, depressed the Indian equity markets on Tuesday.

Suzuki's Gujarat plant to start operations in 2017

Tokyo , May 31

Auto major Maruti Suzuki's parent company Suzuki Motor Corp said here on Tuesday that its car plant in Gujarat, with an envisaged total investment of Rs.18,500 crore, will begin operations from next year.

Banks' NPAs serious concern, government sorting it out: Sinha

Hyderabad/Mumbai , May 31

Terming the banks non-performing assets (NPAs), or bad loans, issue a serious concern to the economy, Union Minister of State for Finance Jayant Sinha has said the government was working to sort it out and reduce NPAs.

Ashok Lavasa takes over as Finance Secretary

New Delhi , May 31

Expenditure Secretary in the Ministry of Finance Ashok Lavasa was on Tuesday appointed the new Finance Secretary. The post was lying vacant since Ratan Watal retired in April this year.

Krishi Kalyan cess of 0.5% from Wednesday

New Delhi , May 31

The Krishi Kalyan Cess of 0.5 per cent on services imposed by Finance Minister Arun Jaitley comes into force from Wednesday through which the government proposes to collect Rs 5,000 crore during the remaining 10 months of the current fiscal.