Business

October 30, 2014 7:00 AM

CCEA hikes wheat MSP by Rs 50 a quintal

Government has raised the Minimum Support Price (MSP) for wheat by Rs 50 to Rs 1,450 per quintal. It also hiked MSP of Barley by Rs 50, Gram by Rs 75 and masur by Rs 175 per quintal. It also hiked the MSP of mustard by Rs 50 per quintal and fixed it at Rs 3100 per quintal. Decisions in this regard w...

October 30, 2014 7:00 AM

Govt relaxes FDI norms in construction sector

Government has relaxed norms for Foreign Direct Investment in construction sector allowing 100 per cent under automatic route. The decision was taken at a Cabinet meeting in New Delhi this evening. Official sources said an investee company will be required to bring minimum FDI of USD 5 million withi...

October 29, 2014 9:19 PM

India ranks 7th in protecting minority investor: World Bank

A sub-ranking released by the World Bank as part of its annual Ease of Doing Business report says India ranks 7th for minority investor protection, ahead of developed countries like United States, Japan, France and Germany. The ranking is a big thumbs up to reforms in laws governing companies and ma...

October 29, 2014 3:12 PM

US body launches investigation into Indian trade policies

A quasi-judicial US trade body has launched an investigation into significant changes made since mid-2014 by the new Indian government in its trade and investment policies. The announcement in this regard by the US International Trade Commission (USITC) comes following a request made by the House Co...

October 29, 2014 1:08 PM

WSBI Postal financial service forum inaugurated in New Delhi

Communication and IT Minister Ravi Shankar Prasad has inaugurated the postal financial service forum of World Saving and Retail Banking institute in New Delhi today. The theme of this year's meeting is the rising force of postal banking in the retail banking market. Addressing on the occasi...

October 29, 2014 1:07 PM

WSBI on Postal financial service forum inaugurated in New Delhi

Communication and IT Minister Ravi Shankar Prasad has inaugurated the postal financial service forum of World Saving and Retail Banking institute in New Delhi today. The theme of this year's meeting is the rising force of postal banking in the retail banking market. Addressing on the occasi...

October 29, 2014 8:41 AM

US body launches investigation into Indian trade policies

A quasi-judicial US trade body has launched an investigation into significant changes made since mid-2014 by the new Indian government in its trade and investment policies. The announcement in this regard by the US International Trade Commission (USITC) comes following a request made by the House Co...

October 28, 2014 7:38 PM

Japanese telecom giant SoftBank to invest $627 million in Snapdeal

Japanese telecom giant SoftBank will invest USD 627 million (about Rs 3,762 crore) in the online marketplace company Snapdeal. This is the largest investment made by a single investor in an e-commerce company in India which is the world's second most populous market. The investments come a ...

October 28, 2014 5:21 PM

Govt to offer new financial products, services to promote saving among youth

Government is committed to exchange information and evolve mechanism to offer new financial products and services catering to the needs of youth. Addressing a 3 day International Conference on Increasing the Financial Outreach of The Youth Population in New Delhi today, Expenditure Secretary Ministr...

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