With the Goods and Service Tax (GST) rate on the metro and monorail construction being brought down to 12 per cent from 18 per cent, the EPC (engineering-procurement-construction) contractors in the space would get benefited provided their contracts were bid out factoring in the tax component.

Essentially, if the EPC contractor had bid for the metro or monorail construction contract on base price excluding taxes, then the decline in GST slab would prove to be an advantage for the company in as the overall cost would decline.

The ministry of coal would allot 11 coal mines to state-owned Coal India Limited, which will add 225 million tonnes to the annual production capacity of the company by 2022.

CIL has set a target to produce 1 billion tonne coal by March 2020. In the last fiscal, Coal India’s production stood at 554 million tonnes.

Having access to WhatsApp and Facebook looks more likely for Indian flyers, with the Telecom Regulatory Authority of India (Trai) giving a green light to inflight connectivity.

However, airlines are divided over the economical cost of offering internet communication on short-haul domestic routes.

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of corporate bonds worth Rs 94.75 billion on Monday.

The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.

The Election Commission is learnt to have recommended to the President the disqualification of 20 AAP MLAs for allegedly holding office of profit.

In its opinion sent to President Ram Nath Kovind, the Election Commission said by being parliamentary secretaries, they held office of profit and were liable to be disqualified as MLAs of the Delhi Assembly, highly placed sources said.

To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts.

"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.

Consolidated profit of IT major Wipro Ltd dropped 12 per cent to Rs 19.3 billion for the quarter ended December 2017 as against Rs 21.89 billion in the previous quarter.

However, revenue from operations rose 2 per cent to Rs 136.69 billion as against Rs 134.23 billion in September 2017.

NEW DELHI: Telecom service provider Idea Cellular on Thursday announced "cashback offer" worth Rs 3,300 on online recharges of Rs 398 and above till February 10, 2018.

"On all 'Unlimited' plan recharges of Rs. 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs. 50 each," the company said in a statement here.

New Delhi: The Supreme Court on Thursday cleared the nationwide release of Sanjay Leela Bhansali's film Padmaavat, staying the bans imposed by four BJP-ruled states and observing that "creative content" is a constitutional right.

The bench of Chief Justice Dipak Misra and Justices A.M. Khanwilkar and D.Y. Chandrachud said that all the states and Union territories must ensure peaceful screenings of the film, scheduled for a January 25 release, and provide protection to its crew.

Mumbai: India’s most-valued lender HDFC Bank Ltd on Thursday crossed Rs5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. The scrip closed at Rs1,931.80, up 2.15% with a market cap of Rs5 trillion.

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