Chinese delegation inks MOUs worth $ 2.5 bn with Indian Indian companies<br/>

Finance Minister Arun Jaitley has said that government is committed to working towards expanding and deepening engagements between India and China. Mr Jaitley said this after a high level Chinese delegation led by Mr. Xia Baolong, Chairman of the Standing Committee of Zhejiang Provincial called on h...

Govt raises target for opening bank accounts under PMJDY to 10 crore

Finance Minister Arun Jaitley has revised the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana, PMJDY, to 10 crore accounts by 26th January next year. The earlier target was pegged at 7.5 crore accounts. The move will amount to opening of one account for each household in the coun...

Crucial OPEC meeting today in Vienna amid demands to cut down production

Oil Ministers from the producers cartel OPEC are meeting in Vienna today, to discuss whether to cut oil production in a way to drive up prices. There has been a thirty per cent fall in the price of crude in recent months, and producers like Iran and Venezuela are expected to argue for a cut.

Cotton production estimated at 40.55-mn bales in 2014-15: CIA

The Cotton Association of India - CIA has said that the cotton production is estimated to be at 40.55 million bales during 2014-15 against about 35.5 million bales in the previous year. Addressing a conference in Mumbai, CAI President Dhiren Sheth said that cotton sector has taken rapid strides in a...

RBI to sell Rs 12,000 crore govt bonds through OMO

Reserve Bank today said it would sell 12,000 crore rupees government bonds through Open Market Operations - OMO to mop up liquidity from the system. A RBI statement says that the OMO will be conducted on 1st December through multi-security auction using the multiple price method. RBI has said that i...

E-commerce giant Ali baba to invest more funds in India

China&apos;s wealthiest man and Alibaba founder Jack Ma has said that he is keen to invest more funds in India. Speaking at a FICCI event in New Delhi yesterday, he said he will work with Indian technology entrepreneurs as he believes Internet can transform the country&apos;s future. Jack Ma...

Attorney General not in favour of appeal in Vodafone tax case

The Attorney General has asked the Income Tax Department to desist from filing appeal against the Bombay High Court&apos;s ruling that Vodafone is not liable to pay an income tax demand of 3,200 crore rupees in a case relating to transfer pricing. Mr Mukul Rohatgi said in New Delhi that he has a...

Crucial OPEC meeting today in Vienna amid demands to cut down production

E-commerce giant Ali baba to invest more funds in India

China&apos;s wealthiest man and Alibaba founder Jack Ma has said that he is keen to invest more funds in India. Speaking at a FICCI event in New Delhi yesterday, he said he will work with Indian technology entrepreneurs as he believes Internet can transform the country&apos;s future. Jack Ma...

Attorney General not in favour of appeal in Vodafone tax case

The Attorney General has asked the Income Tax Department to desist from filing appeal against the Bombay High Court&apos;s ruling that Vodafone is not liable to pay an income tax demand of 3,200 crore rupees in a case relating to transfer pricing. Mr Mukul Rohatgi said in New Delhi that he has a...