Business highlights

DEL74 BIZ-LD STOCKS Sensex, Nifty scale fresh highs on trade optimism, FII inflows Mumbai: Market gauges Sensex and Nifty hit new milestones on Tuesday as investors cheered easing trade war tensions and sustained foreign fund inflows.

DEL73 BIZ-LD GST Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to buckle up New Delhi: Amid concerns that the government may fall short of tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 lakh crore monthly GST target for the remaining four months of the current fiscal and asked taxmen to step up efforts to achieve the goal.

DEL59 BIZ-TELECOM-CALL CHARGE Six paise per min charge on outgoing calls to other networks extended till Dec 2020: Trai New Delhi: Telecom regulator Trai on Tuesday said 6 paise per minute charge on mobile calls be made on competitors' networks will continue till December 31, 2020.

DEL34 BIZ-PREBUD-INDUSTRY Industry demands export promoting measures, simplification of labour laws New Delhi:Finance Minister Nirmala Sitharaman on Tuesday held discussions on regulatory environment impacting private investment and measures for promoting exports in a pre-budget consultation with stakeholder groups from industry, trade and services sectors.

DCM27 BIZ-JAYPEE-NBCC Jaypee Infra: Lenders, home buyers approve NBCC's bid New Delhi: Jaypee Infratech's financial creditors, including lenders and home buyers, have approved the bid of state-owned NBCC to acquire the debt- laden realty firm under insolvency process, according to sources. DCM19 BIZ-GST-COUNCIL-MEET GST Council to meet on Wed amidst talk of rate hike to meet revenue shortfall New Delhi: The GST Council will meet on Wednesday to review the taxation structure for shoring up the revenue as lower-than-expected collections has led to a delay in compensation payment to states.

DCM6 BIZ-GOYAL-FTA Govt decides to go slow on FTAs to avoid RCEP-like impasse New Delhi: India will not sign any free trade agreement in a hurry or to the disadvantage of industry and exporters, Union minister Piyush Goyal said on Tuesday, more than a month after the country walked out of the China-backed mega trade deal RCEP.