State-owned Bank of Baroda (BoB) Tuesday cut benchmark lending rate by 0.1 percentage points, a move that would make home, auto and other loans cheaper.

The bank has reduced the lending rate by 10 basis points across all tenors up to one year.

Broadcast regulator TRAI has written to DTH operator Independent TV (formerly known as Big TV) asking it to justify its current tariff plans in the backdrop of the sector’s new regulatory framework.

In a letter to Independent TV, the Telecom Regulatory Authority of India (TRAI) has also called a meeting with the senior official of the DTH company on the said matter, Tuesday.

New Delhi: The government has promised to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves, Ficci President Sandip Somany said Tuesday.

Speaking to reporters after meeting Finance Minister Arun Jaitley, Somany said the discussions revolved around a wide range of issues, including taxation, job creation and boosting industrial output.

The benchmark index Sensex edged higher by more than 50 points to 36,123.38 on Tuesday amid weak tracking weak global cues amid caution on the US-China trade talks and concerns hovering around slowdown in the Chinese economy. NSE Nifty was also higher 26 points, or 24 per cent, at 10,889.50.

The auto stocks including Tata Motors and Hero Moto were up 8 per cent and 3 per cent, respectively.

Google, Amazon, Facebook and Apple – or “GAFA,” as they’re known in France – are easy to group together in the European imagination. They’re big, they’re American and they’ve tended to pay relatively little tax, thanks to legal loopholes and a business model that exists largely in the virtual world.

Frustrated governments have tried to use the courts and the hammer of EU regulators to squeeze more money out of the tech giants, but it hasn’t always worked.

Private sector lender Yes Bank Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software.

“The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing.

The rupee on Tuesday opened marginally lower at 70.94 against the US dollar. The domestic unit on Friday lost 20 paise to close at 70.92, amid strengthening of the American currency and rising crude oil prices.

The forex market was closed on Monday on account of Maha Shivratri.

The Enforcement Directorate (ED) is probing at least six high-value loans sanctioned to firms between 2009 and 2011 when Chanda Kochhar was the chief executive officer and managing director at ICICI Bank. The probe agency suspects there have been kickbacks or illegal gratification for extending these loans.

The enforcement agency, interrogating Kochhar for the fourth consecutive day on Monday, said she had been cooperating in the investigation. However, she was not clear about certain transactions, it said.

Microsoft has come up with a new cool feature to its Excel Android app. The feature allows Excel users to convert data on a printed sheet to an editable table in the app just by clicking a photo.

The feature, which is initially available for Microsoft 365 users, will soon be rolled out to iOS.

Market benchmark Sensex on Friday rose over 196 points to end at 36,064 and also posted its second straight weekly gains amid signs of easing tensions between India and Pakistan.

The key BSE index also snapped its three-session losing run after the March derivatives series got off to a strong start coupled with uninterrupted foreign fund inflows.

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