Business

April 2, 2019 8:28 AM

Reserve Bank to inject USD 5 billion more liquidity into banking system

The Reserve Bank of India, RBI yesterday said it will inject long-term liquidity worth 5 billion US Dollars into the banking system through a dollar-rupee buy-sell swap for a tenure of three years on April 23. The RBI statement stated that the move intends to meet the durable liquidity needs of the ...

March 31, 2019 2:34 PM

RBI directs banks dealing with govt business to keep their branches open today

The RBI has directed banks dealing with government business to keep their branches open today, as it is the last day of the current financial year. The Government of India has advised that all Pay and Account Offices will remain open today to facilitate government receipt and payment transactions. A...

March 29, 2019 8:16 AM

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GST Authority clarifies on change/transfer in ownership of sole proprietorship

The Goods and Services Tax, GST Authority has clarified that transfer or change in the ownership of business will include transfer or change in the ownership of business due to death of the sole proprietor. In a circular, Central Board of Indirect Taxes and Customs, CBIC said, that the transferee or...

March 28, 2019 12:07 PM

Govt decides to infuse around Rs 5000 Cr into Bank Of Baroda

The government has decided to infuse around five thousand crore rupees into state-owned Bank of Baroda ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with Bank of Baroda. The merger of Dena Bank and Vijaya Bank with Bank of Baroda would be effective from 1st April. The ...

March 27, 2019 11:05 AM

Sensex up by 205 points to trade at 38,439

The benchmark BSE Sensex jumped 205 points to trade at 38,439 in early deals today. The broader Nifty also rose 53 points to 11,537 in morning trade. In the Asian region, Hong Kong's Hang Seng was up 0.49 per cent, Korea's Kospi was trading marginally higher, Shanghai Composite Ind...

March 27, 2019 11:02 AM

Rupee depreciates by 12 paise to 68.98 against dollar

The rupee depreciated by 12 paise to 68.98 against the US dollar in early trade today on increased demand for the US currency from importers and rising crude prices. Yesterday, the rupee had appreciated by 10 paise to end at 68.86 against the US dollar following a robust response to RBI's m...

March 25, 2019 2:08 PM

India ranks 76th on WEF global Energy Transition index

India has moved up two places to rank 76th on a global energy transition index. This annual list, compiled by Geneva-based World Economic Forum (WEF), has ranked 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The rep...

March 18, 2019 8:58 PM

Sensex gains 71 points to close at 38,095

Rising for the sixth straight session, the Sensex at the Bombay Stock Exchange gained 71 points, or 0.2 percent, to close at 38,095. The Nifty at the National Stock Exchange rose 35 points, or 0.3 percent, to 11,462.     

March 18, 2019 5:33 PM

GST Council to meet tomorrow

The Goods and Services Tax, GST Council will meet in New Delhi tomorrow.  Finance Minister Arun Jaitley will chair the 34th meeting of the Council via video conferencing. The council is expected to take up various issues, including the implementation of lower GST rates for the real estate sector. In...

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