Business

The GST provision, requiring transporters to carry an electronic waybill or e-way bill when moving goods between states, was implemented from Sunday to check rampant tax evasion and boost revenues.

Sandhar Technologies' Rs 512-crore IPO was open during March 19-21 and was subscribed 6.2 times. The public offer had a fresh issue of shares worth Rs 300 crore and an offer for sale of up to 64 lakh shares.

According to a recent report, non-banking finance companies and pure-play mortgage lenders have an exposure of a whopping Rs 2.2 trillion of the Rs 4 trillion developer loans market, while commercial banks' exposure is much lower at Rs 1.8 trillion only.

In a strong action in December, the government and the UIDAI temporarily barred the company from conducting Aadhaar-based SIM verification of mobile customers and e-KYC of payments bank clients.

The move comes as the United States is considering imposing tariffs on $50 billion worth of Chinese exports, citing discriminatory trade practices in high-tech sectors, including semiconductors.

ICICI Bank Chairman MK Sharma said CEO Chanda Kochhar did not recuse from the committee as there was no conflict of interest.

The start-ups includes Intello Labs, OCEO WATER, Ziroh Labs, Olivewear, S&I Engineering Solutions and Streamingo Solutions.

Noting that the average fraud size in country's banking sector is high, IiAS said there is an urgent need to revisit and strengthen internal financial controls for these financial institutions.

The government is planning to carve the employee stock ownership plan (ESOP) out of its own 24% stake in a privatised Air India.

Following capital infusion in Dena Bank, IDBI Bank and Bank of India, the government's respective stakes would rise in them. Under Sebi norms, an entity whose shareholding in a listed company goes beyond a particular threshold has to make an open offer.

CII president Shobana Kamineni said that due to stopping LoUs, the cost of credit may go up, especially for the small and medium enterprises

On NSE, shares of the company opened the day at Rs 499, a premium of 33 per cent.

Markets regulator SEBI plans to halve the minimum corpus size required for an angel fund to register with it to Rs 5 crore.

The airline said in a statement that with 18 flights taking off from T2 in less than 12 hours, IndiGo recorded on-time departures of all its flights with zero 'No Shows'.

As part of the transaction, Uber would get a stake of as much as 30 percent in the combined business, a source with direct knowledge of the matter said on Sunday.

The oil-to-telecom behemoth will invest an additional $100 million towards making the combined platform one of the largest music streaming services in the world.