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May 13, 2014 8:43 PM
Enthused by exit poll forecasts of a stable BJP-led government at the center, the domestic stock markets scaled fresh record highs for the third straight day, today.The Sensex at the Bombay Stock Exchange spurted 320 points, or 1.4 percent, to a fresh lifetime closing high of 23,871. During the sess...
May 13, 2014 7:29 PM
Cabinet Committee on Economic Affairs, CCEA today cleared private equity major KKR's proposals to acquire stakes in two pharmaceutical companies. Highly placed sources said, the two deals are estimated to be worth 1,434 crore rupees. The first proposal relates to acquisition of about 38 per...
May 13, 2014 7:28 PM
Comptroller and Auditor General Shashi Kant Sharma has said the CAG will continue to audit private companies and Private Public Partnership projects in cases where revenue sharing with the government is involved. Speaking at a function in New Delhi today, Sharma said, work on telecom audit is alread...
May 13, 2014 7:09 PM
Cabinet Committee on Economic Affairs, CCEA today cleared private equity major KKR's proposals to acquire stakes in two pharmaceutical companies. Highly placed sources said, the two deals are estimated to be worth 1,434 crore rupees. The first proposal relates to acquisition of about 38 per...
May 13, 2014 6:04 PM
The Centre has said that it may infuse an additional capital of up to eight thousand crore rupees in the public sector banks during the current fiscal, to expand their capital base. Briefing media in New Delhi this afternoon, Financial Services Secretary G S Sandhu said, a provision of 11 thousand, ...
May 13, 2014 12:25 PM
The Directorate General of Central Excise Intelligence (DGCEI) has issued a show cause-cum-demand notice of over 4.6 crore Rupees to Indian Oil Corporation for not paying service tax under the head of a goods transport agency.The Additional Director-General of DGCEI said IOC has not been paying thei...
May 13, 2014 10:24 AM
The CBI has quizzed former Securities Exchange Board of India Chairman CB Bhave in connection with granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX to function as a full-fledged private stock exchange. Bhave was examined in Bangalore, two months after the agency regis...
May 13, 2014 8:40 AM
Costlier vegetables, fruits and milk pushed up retail inflation to three-month high of 8.59 per cent in April. The retail inflation, measured on consumer price index was 8.31 per cent in March. As per the data released by the government, food inflation increased to 9.66 per cent against 9.1 per cent...
May 13, 2014 8:20 AM
The rupee hit a near 10-month peak of 59 rupees 51 paise against the dollar yesterday, its strongest since July 29, 2013, on the back of suspected heavy dollar buying by the RBI ahead of exit polls. The domestic currency, however, weakened by 1 paisa to close at 60 rupees 05 paise.Initial gains in t...
May 12, 2014 9:31 PM
Diesel price has been increased by one rupee and nine paise per litre excluding VAT. The new rate will come into force from midnight tonight. With this, now consumers will have to pay 56 rupees and 71 paise a litre in Delhi, 61 rupees and 38 paise in Kolkata, 65 rupees and 21 paise in Mumbai and 60 ...
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