Business

December 16, 2014 7:35 AM

Cooptex launches e-commerce portal

Hoping to tap the growing e-commerce business potential, Tamil Nadu Handloom Weavers' Cooperative Society 'Co-optex' on Monday launched its online shopping portal offering a range of silk and cotton saris. The portal was launched by Handloom Minister S GokulaIndira in Chen...

December 16, 2014 7:14 AM

SEBI may re-look new delisting norms

Capital market regulator SEBI has indicated that it is ready to have a re-look at new delisting norms. The indication came after Industry opposition was mounted against the existing norms issued last month wherein promoters planning to take their company private have to secure the consent of 25 per ...

December 16, 2014 7:13 AM

RTGS business hours increased to 12 hours on weekdays

To promote electronic payments, the Reserve Bank of India has increased the Real Time Gross Settlement (RTGS) business hours to 12 hours from 8 am to 8 pm on weekdays which will come into effect from 29 of this month. The RBI in a circular said that the RTGS system of online fund transfer will be op...

December 16, 2014 7:11 AM

Petrol, diesel rates cut by Rs. 2 per litre

The prices of petrol and diesel have been cut by two rupees per litre, including VAT. The new rate came into effect midnight last night. Now, petrol will cost 61 rupees and 33 paise per litre in Delhi, 68 rupees and 65 paise in Kolkata, 68 rupees and 86 paise in Mumbai and 63 rupees and 94 paise in ...

December 16, 2014 7:11 AM

India 3rd on black money list; USD 439.59-bn flows out in 10 years

India figures among the top three countries that witnessed highest outflow of black money in 2012. An international think-tank says, the country witnessed an estimated outflow of black money worth 94.76 billion US dollars or nearly 6 lakh crore rupees during 2012. As per the latest estimates release...

December 15, 2014 9:46 PM

Infra loans: RBI eases norms to give more flexibility to banks

To revive stalled plans and help banks tide over mounting bad loans, the RBI today eased norms for structuring of existing long-term project loans to infrastructure and core industries. The Reserve Bank today released a circular in Mumbai in this regard. The new guideline widens the scope of 5:25 sc...

December 15, 2014 9:32 PM

Wholesale price index- based inflation drops to Zero pc in Nov

The annual rate of Inflation, measured on Wholesale Price Index, for November dropped to zero per cent from 1.77 per cent in October. According to official data released today, the index of food articles group fell to nearly three year low of 0.63 per cent, due to lower price of bajra and tea, ragi ...

December 15, 2014 9:25 PM

Trade deficit widens to $16.86 bn in Nov

India's trade deficit has widened to one-and-a-half year high of 16.86 billion dollar in November this year due to high jump in gold imports. However, merchandise exports went up by 7.27 per cent to 25.96 billion in November this year after recording a contraction in October. Gold imports s...

December 15, 2014 8:43 PM

Prices of diesel, petrol cut by 2 rupees each

The prices of petrol and diesel have been cut by two rupees per litre each, including VAT. The new rate will come into effect from midnight tonight. Now, petrol will cost 61 rupees and 33 paise per litre in Delhi, 68 rupees and 65 paise in Kolkata, 68 rupees and 86 paise in Mumbai and 63 rupees and ...

December 15, 2014 8:42 PM

Wholesale price index- based inflation drops to Zero pc in Nov

The annual rate of Inflation, measured on Wholesale Price Index, for November dropped to zero per cent from 1.77 per cent in October. According to official data released today, the index of food articles group fell to nearly three year low of 0.63 per cent, due to lower price of bajra and tea, ragi ...

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