Business

June 1, 2019 8:34 AM

Forex reserve rises by 1.99 billion to 419.99 billion

India's foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019. An RBI press release has informed that foreign currency assets rose by 1.991 billion to 392.188 billion US Dollar. In the previous week, the reserves had declined by 2....

May 31, 2019 9:46 PM

G20 digital tax takes step closer

Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan. The Paris-based Organisation for Economic Cooperation and Development (OECD) said that 129 countries had signed off on a road-map to grab a fairer t...

May 31, 2019 6:49 PM

GDP growth slows to five-year low at 5.8% in January-March quarter

India's economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors. According to the Central Statistics Office (CSO) data released today, GDP growth during 2018-19 fiscal stood at 6.8 per cent, lowe...

May 31, 2019 6:47 PM

Rupee up by 17 paise to close at 69.70 against dollar

Snapping its three-session losing streak, the rupee today rose by 17 paise to close at 69.70 against the US dollar on weakening of the greenback in overseas markets and easing crude oil prices. On a weekly basis, the rupee declined by 34 paise.   

May 31, 2019 6:45 PM

Growth of core infrastructure sectors slows to 2.6 pc in April

The growth of eight core infrastructure sectors slowed down to 2.6 per cent in April this year, due to negative growth in crude oil, natural gas and fertilizer output. According to the government data released today, during April last year, the expansion rate of eight infrastructure sectors coal, cr...

May 31, 2019 4:22 PM

Sensex down by 118 points; ends at 39,714

Domestic stocks today closed with modest losses amid negative cues from Asian markets. Sensex at Bombay Stock Exchange fell 118 points to end at 39,714 a short while ago. Nifty at National Stock Exchange also slipped 23 points to 11,923.       

May 31, 2019 7:19 AM

FICCI survey forecasts India's GDP growth at 7.1% for FY20

The country's median GDP is forecast at 7.1 per cent for FY20 and 7.2 per cent for FY 21. The industry body FICCI's economic outlook survey said that the minimum and maximum growth estimate stood at 6.8 per cent and 7.3 per cent, for 2019-20. The survey was conducted in May 2019 am...

May 29, 2019 2:31 PM

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RBI extends RTGS timings from 4:30 pm to 6 pm

To facilitate high-value fund transfers, the Reserve Bank of India (RBI) has announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours from 4:30 PM to 06 PM.  In a notification, issued from Mumbai yesterday, RBI said that new timing w...

May 24, 2019 9:15 PM

CBDT extends compliance date of TDS for Odisha

The Central Board of Direct Taxes, CBDT, has extended the compliance date of Tax Deduction at Source, TDS, for Odisha. This is to redress the hardships faced by the deductors following the severe disruption of normal life and breakdown of communication systems by the cyclone in the State. The deduct...

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