Business News Headlines

Sensex trades flat; metal stocks down

Mumbai , Aug 21

The benchmark index of the Indian equities market was trading flat in the early morning trade session Thursday, led by a fall in metals and healthcare stocks.

RIL to source ethane annually from US

Mumbai , Aug 20

Mukesh Ambani-led Reliance Industries Ltd. (RIL) Wednesday announced plans to source 1.5 million metric tonnes of ethane a year from the US to attain feedstock supply for its crackers.

CCEA approves increase in minerals royalty rates

New Delhi , Aug 20

The Cabinet Committee on Economic Affairs Wednesday approved an increase in royalty rates of minerals, Telecommunications and IT Minister Ravi Shankar Prasad told reporters after the meeting.

Metro rail to be developed in Nagpur

New Delhi , Aug 20

The union cabinet Wednesday approved the development of metro rail project in the central Indian city of Nagpur with a proposed outlay of Rs.8,680 crore.

Domestic passenger traffic up 7.19 percent

New Delhi , Aug 20

Domestic air passenger traffic increased by 7.19 percent in July to 52.16 lakh passengers - up from 48.66 lakh ferried in the corresponding month last year.

CCEA approves increase in minerals royalty rates (Lead)

New Delhi

New Delhi Aug 20 (IANS) The Cabinet Committee on Economic Affairs Wednesday approved the long-pending increase in royalty rates of minerals.

Cabinet approves mobile phone towers in 10 extremist-hit states (Lead)

New Delhi , Aug 20

The union cabinet Wednesday approved provision of mobile phone services at 2,199 locations in 10 states affected by Left-wing extremism.

Cabinet approves 1,836 mobile towers for Naxal-affected areas

New Delhi , Aug 20

The Cabinet Committee on Economic Affairs Wednesday approved installation of 1,836 new base transmission mobile phone towers worth Rs.3,216 crore for better telecom connectivity in the Left-wing extremism (LWE) -affected areas.

States want lower threshold of Rs.10 lakh for levying GST

New Delhi , Aug 20

The Empowered Committee (EC) of state finance ministers Wednesday resolved to lower the threshold limit for imposing the proposed Goods and Services Tax (GST) from Rs.25 lakh (Rs.2.5 million) to Rs.10 lakh (Rs.one million) and asked that states be given the legal powers to collect tax from businesses with annual turnover of up to Rs.1.5 crore (Rs.15 million).

Sensex closes in red; oil stocks fall (Roundup)

Mumbai , Aug 20

A benchmark index of Indian equities markets closed Wednesday's trade down 106.38 points or 0.40 percent as oil and gas stocks dipped.