Business Highlights Of The Day

GST DAY
New Delhi: The first year of GST has been an example to the world of the readiness of the taxpayers to be a partner in the unprecedented reform in Indian taxation, the finance ministry said today.

RENEWABLE-AUCTION
New Delhi: India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior official said today.

2NDLD TATA-THYSSENKRUPP
London: Tata Steel today said it has agreed to the terms of a 50-50 joint venture with Germany’s Thyssenkrupp to create Europe’s second-largest steel company after Lakshmi Mittal’s ArcelorMittal.

BULLION-CLOSE
New Delhi: Gold fell by Rs 60 to Rs 31,420 per 10 gram at the bullion market today on sluggish demand from local jewellers despite a firm trend overseas.

BSE-BME
Mumbai: Premier stock exchange BSE has entered into an agreement with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex.

ANAROCK-MALLS
New Delhi: Nearly 85 shopping malls are expected to come up in the country over the next five years, despite growing trend of online marketing, according to property consultant Anarock.

IDBIBANK
New Delhi: B Sriram today assumed charge as Managing Director and CEO of IDBI Bank, according to a regulatory filing.

SRINIVAS
Chennai: City-based United India Insurance Company today announced the appointment of K B Vijay Srinivas as its Director and General Manager with effect from July 1.

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