union budget 2018


Budget passed without discussion in LS as protests continue

Mar 14 2018

The govt got the Budget for fiscal year beginning Apr 1 passed in Lok Sabha without discussion by applying the guillotine process.

PNB scam to rock Parliament; stormy days ahead for govt

Feb 22 2018

The regional elections' results are expected to be a barometer of public mood in run up to the 2019 elections, likely to be independent India's murkiest political battle.

Skoda to hike prices by up to Rs 35,000 from March

Feb 21 2018

Skoda said it will increase prices across its entire model range by up to Rs 35,000 from March 1 to pass on the impact of custom duties announced in the Union budget.

NHPS to initially cost under Rs 12,000 cr per annum: Report

Feb 20 2018

With the debate on the fiscal burden of the NHPS continuing, a report has pegged the cost of the new healthcare plan under Rs 12,000 crore per annum.

Budget positive for gold industry: World Gold Council

Feb 16 2018

"For example, the Bureau of Indian Standards is working on regulatory guidelines to make hallmarking mandatory," the report said.

India's fiscal deficit target of 3.3% of GDP welcomed by IMF

Feb 16 2018

The IMF has welcomed the fiscal deficit target set by India in its annual budget and noted that the country is returning to the path of gradual fiscal consolidation.

Government sets target of Dec 2018 to develop iconic sites

Feb 15 2018

The Government has set a target of Dec 2018 to develop 10 iconic sites in the country and 100 monuments to international standards, Culture Minister Mahesh Sharma said.

Chorus of dissent against budget grows: Chidambaram

Feb 13 2018

Chidambaram said that the chorus of dissent against the 2018-19 budget has grown and even economists of the govt and the RBI Governor have spoken against its provisions.

No reduction in inflows for mutual funds after LTCG, says AMFI

Feb 13 2018

The mutual funds industry does not see any reduction in the inflows of funds after the proposal of LTCG and dividend distribution tax (DDT), an official said.

'Ayushman Bharat' insurance scheme ambitious, not impossible: Goyal

Feb 12 2018

Piyush Goyal said providing Rs 5 lakh cover for 10 crore people under the govt's 'Ayushman Bharat' insurance scheme is an "ambitious" project but not an "impossible" one.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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