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BusinessToday.In
May 21, 2018
With this move, Moody's has become the second rating agency to downgrade the PNB. Last month, Fitch Ratings on Wednesday downgraded the viability rating of scam-hit Punjab National Bank from BB to BB-. The move was based on similar concerns - negative impact on bank's financials.


BusinessToday.In
New Delhi, May 21, 2018
The behaviour of the exchange rate in May 2018 has been eerily similar to that in May 2013, the month that marked the onset of the 'taper tantrum' - when hints from the U.S. Federal Reserve that it was planning to taper its bond-buying programme saw the rupee slide by over 20 per cent against the dollar in three months till August.


www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 18, 2018



BusinessToday.In
Mumbai, May 18, 2018
The Enforcement Directorate (ED) is all set to file its first prosecution complaint (PC) known as chargesheet in Rs 12,636 crore Punjab National Bank (PNB) fraud case against Nirav Modi and others, in the next week.


www.businesstoday.in
May 17, 2018



PTI
New Delhi, May 13, 2018
The tax department had last week written to Bentonville-Arkansas based Walmart saying that the US retail company can seek guidance about the tax liability under Section 195 (2) of the Income Tax Act.


Anilesh S Mahajan
New Delhi, May 11, 2018
According to some sources, close to the Prime Minister, he avoided meeting the CEO because of the ongoing proceedings against the global retail company in the US. In 2015, the reports suggested that Walmart paid bribes -from $5 to $200, totally millions - to push their goods and real estate permits.


www.businesstoday.in
May 11, 2018



Manu Kaushik
May 11, 2018
Days after releasing the draft national telecom policy, the government seems to have gone into defensive mode.


www.businesstoday.in
New Delhi, May 10, 2018
In the ongoing clampdown on shell companies, BSE announced it will delist over 200 companies starting May 11 as they had not traded for over 6 months; the rupee has plunged to another low, the worst in 15 months, of Rs 67.48 to a dollar and even though the consortium of 13 Indian banks has won a high court judgment against Vijay Mallya in the UK, their struggle to recover nearly Rs 10,000 crore of principal and interest due is far from over. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, May 10, 2018
Reports of offline retail major Future Group looking for a global retail major to sell at least 10 per cent of its stake have surfaced. The Indian offline retail major has reportedly talked to Amazon and Walmart in relation to the deal.


PTI
May 10, 2018
A day after announcing $16 billion investment in India's largest online retailer Flipkart, Walmart Inc today said it will continue to grow its wholesale cash-and-carry business, taking the total number of stores to 50 in the next four-five years.


Nevin John
New Delhi, May 9, 2018
India-born British industrialist Sanjeev Gupta plans to invest $10 billion (Rs 67,500 crore) in the Indian market in the next couple of years, including for buying bankrupt assets in steel and auto.


www.businesstoday.in
May 9, 2018



www.businesstoday.in
May 9, 2018



BusinessToday.In
New Delhi, May 9, 2018
According to the IMF report, India's growth rebounded strongly to 7.2 per cent in the third quarter of the last fiscal, up from 6.1 per cent in the first half of 2017-18.


BusinessToday.In
May 9, 2018
According to tax experts, there are two taxation angles to the Walmart-Flipkart deal, if it goes through.


www.businesstoday.in
May 6, 2018



www.businesstoday.in
May 4, 2018



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