Business

The surprise resignation of Samsung's chip and display head came as he was expected to take a bigger role following Lee's arrest in February and the departures of other key executives in the wake of the bribery scandal.

Under the arrangement, the two countries will try to get more flexibility in LNG contracts and abolish the Destination Restriction Clause, which prevents them from re-selling imports to third parties.

The GST Council also decided that the import of rigs and ancillary goods imported under lease will be exempted from Integrated GST, subject to payment of appropriate IGST on the supply/ import of such lease service and fulfilment of other specified condit...

According to the World Bank, Goods and Services Tax is expected to disrupt economic activity in early 2018 but has the momentum to pick-up.

India is likely to regain the tag of the fastest growth emerging economies of the world in 2018, the IMF said in its latest World Economic Outlook report.

Net NPA of Oriental Bank of Commerce rose to 9.56 percent of net advances as of June 2017, against 8.11 percent a year ago.

Produced bi-annually by the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London, a leading commercial think-tank, the GFCI report covers around 92 centres and 16 associate centres globally.

The recent increase in the price of ATF is the third straight increase since August, the last being 4 percent on September 1, thus adding to the economic burden on airlines.

According to a SBI report, the RBI is likely to maintain status quo on key lending rate in its October 4 policy decision as it is "stuck in a conundrum" of low growth, mild inflation and global uncertainties.

Railway Minister Piyush Goyal said his ministry has no plans to scrap a contract General Electric won in 2015 to supply Indian Railways with 1,000 diesel locomotives.

As of 10:01 am, ICICI Lombard shares were trading at 643.50 rupees on the National Stock Exchange, 2.7 percent lower than the IPO issue price of 661 rupees.

Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas as traders await the conclusion of the Federal Reserve's policy meeting bolstered the rupee.

Petroleum products do not come under the Goods and Services Tax (GST) and prices vary at locations according to state taxes.

"In 2014, we produced 6 crore mobile phones. In 2016-17, we produced 17.5 crore mobile phones and we are well on path to producing 50 crore mobile phones by 2019-20," IT Ministry Additional Secretary Ajay Kumar said.

The new model of banking allows mobile firms, supermarket chains, and others to cater to banking requirements of individuals and small businesses.

Prominent gainers were L&T, M&M, Dr Reddy's, Coal India, HDFC Bank, Reliance Industries, HDFC Ltd, Tata Motors, Axis Bank, Hind Unilever, Adani Ports, Sun Pharma and Maruti Suzuki, rising by up to 1.34 per cent.