Business

SEBI directs foreign investors to comply with P-Note norms

November 25, 2014 7:44 AM

SEBI directs foreign investors to comply with P-Note norms

Amid concerns about possible misuse of Offshore Derivative Instruments-ODI, or P-Notes, for money laundering and other such purposes, the Securities and Exchange Board of India (SEBI) on Monday directed foreign investors to ensure compliance with all necessary norms before issuing such notes with im...

Asian markets rises on China, Europe stimulus hopes

November 24, 2014 8:01 PM

Asian markets rises on China, Europe stimulus hopes

Most key Asian markets largely gained ground, today, on the prospects of further policy stimulus in China and Europe. So China's Shanghai Composite index spurted 1.9 percent; Hong Kong's Hang Seng surged 2 percent; and South Korea's KOSPI advanced 0.7 percent. But Singapor...

Oil prices mixed ahead of OPEC meeting

November 24, 2014 7:57 PM

Oil prices mixed ahead of OPEC meeting

Brent crude oil futures edged up 4 cents, to 80.40 dollars a barrel, today, ahead of a key meeting of producer group, OPEC, to discuss production. US crude gained 15 cents, at 76.66 dollars a barrel. The Organization of the Petroleum Exporting Countries is considering how to respond to a collapse in...

Govt plans to offer interest subsidy on housing loans for lower income group

November 24, 2014 7:19 PM

Govt plans to offer interest subsidy on housing loans for lower income group

Government is considering to offer interest subsidy on housing loans to help economically weaker section and lower income group people. Talking to reporters on the sidelines of a Realtors Conclave in New Delhi, Housing and Urban Poverty Alleviation Minister Venkaiah Naidu said, the interest subventi...

FDI rose by 15% during April-September period; declined by 16% later

November 23, 2014 6:00 PM

FDI rose by 15% during April-September period; declined by 16% later

Foreign direct investments into India rose 15 percent, to 14.5 billion dollars during April-September period of this fiscal, as compared to 12.6 billion dollars in the same period last year. However, according to the latest data of the Department of Industrial Policy and Promotion, foreign investmen...

Govt likely to carry out Phase III expansion of FM radio

November 23, 2014 2:18 PM

Govt likely to carry out Phase III expansion of FM radio

The Government intends to carry out Phase III expansion of FM radio in the current financial year to bring in more revenue. Information and Broadcasting Minister Arun Jaitley said this in New Delhi today. Talking to PTI, he said that some aspects are being considered in this regard between the minis...

Finance Minister pitches for interest rate cut

November 23, 2014 2:17 PM

Finance Minister pitches for interest rate cut

Finance Minister Arun Jaitley today pitched for an interest rate cut, expressing confidence that the RBI will make the cost of capital reasonable to help perk up the economy. He said if RBI is unable to infuse liquidity, even opening out the economy will not be enough. RBI is slated to review moneta...

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