Business

September 7, 2013 8:41 AM

Vodafone receives setback in the Bombay High Court

Telecom major Vodafone received a setback in the Bombay High Court on Friday, as its petition challenging the jurisdiction of the Income Tax Department to pass 8,500 crore rupee transfer pricing order was dismissed by the court.Dismissing the petition, the bench headed by Justice S F Vazifdar said s...

September 7, 2013 8:40 AM

RBI issues norms for currency swap window<br/>

RBI has issued norms for currency swap window. In a notification issued from Mumbai on Friday, RBI has said that swap facility will be available to scheduled commercial banks for fresh foreign currency non-resident bank - FCNR(B) deposits mobilized for a minimum tenor of three years. RBI has said th...

September 6, 2013 9:15 PM

Sensex up 290 points to close at 19,270

Rising for the third straight session, the Sensex at the Bombay Stock Exchange jumped 290 points, or 1.5 percent, to close above the 19,000-mark, at 19,270, today, as the rupee strengthened further. The Sensex had advanced almost 750 points in the previous two trading sessions. The Nifty at the Nati...

September 6, 2013 8:56 PM

RBI increases amount of rupee that individuals can carry while traveling abroad

RBI has increased the amount of Indian currency that resident individuals can carry to and fro while traveling abroad. In a notification issued from Mumbai on Friday, RBI has said that the limit of Indian Rupees that travelers can bring in or take outside India has been increased from Rs.7,500 per p...

September 6, 2013 7:40 PM

Rupee gains against dollar rising 77 paise to close at 65.24

The rupee continued to strengthen against the dollar rising 77 paise today to close at 65.24, the highest level in almost two weeks. Dollar sales by exporters, a weak US currency overseas and renewed capital inflows also helped the rupee to gain.The local currency has spurted 239 paise, or 3.53 per ...

September 6, 2013 5:19 PM

India's cotton output is projected to be 11.7% higher in 2013-14

India&apos;s cotton output is projected to be 11.7 per cent higher at around 380 lakh bales (170 kg each) in the 2013-14 cotton season on account of good monsoon and increase in acreage.Cotton season is between October to September.In the current season, the natural fibre production was around 3...

September 6, 2013 1:59 PM

Sensex gains over 230 points in afternoon trade

The Sensex at the Bombay Stock Exchange rallied further in afternoon trade, to stand 238 points, or 1.3 percent in positive territory, at 19,218 a short while ago. Earlier in the morning, the Sensex had climbed 126 points, or 0.7 percent, to regain the 19,000-mark, at 19,106, on sustained buying by ...

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