Business

January 15, 2018 9:30 PM

Wholesale inflation drops to 3-month low of 3.58 % in December last year

Inflation based on wholesale prices has come down to a three-month low of 3.58 percent in December last year. This was due to a decline in the prices of food articles even as fuel cost witnessed a surge. Calculated on the basis of Wholesale Price Index, the inflation was 3.93 percent in November. As...

January 15, 2018 8:49 PM

India's exports grow by 12.36 in December to USD 27.03 billion

The Country's exports grew by 12.36 per cent in December, 2017 to 27.03 billion US dollars on account of strong performance by sectors like engineering goods and petroleum products. According to data released by Ministry of Commerce and Industry, exports have been on a positive trajectory s...

January 15, 2018 6:14 PM

WPI inflation eases to 3-month low of 3.58% in December<br/>

Inflation based on wholesale prices eased to a three-month low of 3(point)58 percent in December 2017, as prices of food articles declined even as fuel cost witnessed a surge. Calculated on the basis of Wholesale Price Index, the inflation was 3.93 percent in November 2017.As per government data rel...

January 15, 2018 2:22 PM

Sensex surges nearly 300 points in afternoon trade

At the stock markets, the Sensex at the Bombay Stock Exchange was trading 272 points up to scale a new peak of 34,864 points, a short while ago.The Nifty at the National Stock Exchange also soared to a new high of 10,749 by gaining 68 points.At the foreign exchange market, the rupee rose by 34 paise...

January 14, 2018 7:11 AM

BSE's India International Exchange lists IRFC's first green bond

The Bombay Stock Exchange (BSE)&apos;s India International Exchange listed the first bond on its Global Securities Market yesterday. The bonds issued by Indian Railways Finance Corporation (IRFC) are one of the highest credit rated bonds issued by an Indian corporate and has been IRFC&apos;s...

January 12, 2018 8:47 PM

India's factory production in November rises by 8%

Industrial production growth rose to 8.4 per cent in November 2017 on the back of robust performance of manufacturing and capital goods sectors.The factory output, measured in terms of Index of Industrial Production (IIP) grew 5.1 per cent in November 2016. According to data released by Ministry of ...

January 12, 2018 7:36 PM

TRAI cuts ISD incoming call termination rate to 30 paise

The Telecom Regulatory Authority of India (TRAI) today slashed international incoming call termination rate to 30 paise from 53 paise. The new rate will be effective from 1st of next month. In a statement, TRAI said it has reduced the termination charges payable by an International Long Distance Ope...

January 12, 2018 7:31 PM

Retail inflation rises to 5.21% in December

Retail inflation crossed the RBI&apos;s comfort level and rose to 5 point 21 percent in December on rise in prices of food items, egg and vegetables, dashing hopes of interest rate cut in the near future.The retail inflation, based on Consumer Price Index (CPI), was 4.88 percent in November. In ...

January 12, 2018 7:29 PM

Sharp increase in prosecutions of tax evaders by Income Tax Department

The Income Tax Department today said it has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders. Prosecutions have been initiated for offences including willful attempt to evade tax, failure in filing returns of income and failure to deposit the tax ded...

January 12, 2018 7:22 PM

Sensex rises 89 points to close at 34,592

The Sensex at the Bombay Stock Exchange rose 89 points, or 0 point 3 percent, to close at an all-time-high of 34,592, today. The Nifty at the National Stock Exchange gained 30 points, or 0.3 percent, to a fresh lifetime high of 10,681.

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