Jaitley said that the discourse needed to move on from ease of doing business to that of Indian industry's responsibility to become ethical in the way it does business.
Jaitley blamed inadequate oversight by regulators and auditors as well as sloppy bank management for the Rs 11,400-crore fraud, and said if needed law would be tightened.
Pakistani troops today violated the ceasefire along the LoC in Uri sector of Jammu and Kashmir, prompting retaliatory fire from the Indian Army, an official said.
Saudi Arabia oil minister Khalid al-Falih said that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019.
The market managed to end with gains for the week as the Sensex rose 131.39 points to close 34,142.15, while Nifty gained 38.75 points to conclude at 10,491.05.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1