Business

June 30, 2017 6:09 PM

Eight core sectors growth slips to 3.6% in May

The growth of eight core sectors slowed to 3.6 per cent in the month of May due to fall in output of coal, fertiliser and steel. The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- was 5.2 per cent in May l...

June 30, 2017 5:02 PM

Sensex gains 64 points to close at 30,922

The Sensex at the Bombay Stock Exchange gained 64 points, or 0.2 percent, to close at 30,922, just hours ahead of the the Goods and Services Tax rollout. The Nifty at the National Stock Exchange rose 17 points, to 9,521.

June 30, 2017 8:22 AM

ADB committed USD 10 billion support for development of States in India

The Asian Development Bank has committed USD 10 billion support for infrastructure building and immediate development needs of less-developed States in India. ADB President Takehiko Nakao yesterday said in New Delhi that the bank stands ready to meet immediate development needs of up to USD 5 billio...

June 29, 2017 8:23 PM

Govt to clear all FDI proposals in 8-10 weeks

The government will clear all FDI proposals within a maximum of 10 weeks after the receipt of an application as per the Standard Operation Procedure(SOP) released by the Department of Industrial Policy and Promotion (DIPP) on Thursday. The new mechanism will replace the Foreign Investment Promotion ...

June 29, 2017 8:12 PM

RBI to remain open on July 1 to facilitate transactions<br/>

Reserve Bank of India will remain open on July 1 for services such as transfer of funds through National Electronic Funds Transfer NEFT and Real Time Gross Settlement -RTGS from 11 AM onwards. RBI follows a July to June accounting year and June 30 being the closing date of the year, the office gener...

June 29, 2017 7:49 PM

SEBI Chairman cautions MFs against letting debt funds bulge

Amidst the concerted efforts by the government and RBI to rein in the mounting bad loans issue, SEBI Chairman, Ajay Tyagi today cautioned mutual fund (MF) players against letting some of such money flow into the industry by way of debt funds.Speaking at an industry summit in Mumbai today, he said No...

June 29, 2017 6:07 PM

Govt to clear all FDI proposals in 8-10 weeks

The government will clear all FDI proposals within a maximum of 10 weeks after the receipt of an application as per the Standard Operation Procedure(SOP) released by the Department of Industrial Policy and Promotion (DIPP) on Thursday. The new mechanism will replace the Foreign Investment Promotion ...

June 29, 2017 2:12 PM

Sensex surges gains over 100 points in late afternoon trade

At the stock markets, after a strong opening, the Sensex at the Bombay Stock Exchange trimmed its initial gains, but had still climbed 107 points, or 0(point)4 percent, to 30,941, a short while ago.Earlier in the session, the Sensex had surged over 250 points. The Nifty at the National Stock Exchang...

June 29, 2017 1:22 PM

SEBI Chairman cautions mutual fund players against letting debt funds bulge

Amidst the concerted efforts by the government and RBI to rein in the mounting bad loans issue, SEBI Chairman, Ajay Tyagi today cautioned mutual fund (MF) players against letting some of such money flow into the industry by way of debt funds.Speaking at an industry summit in Mumbai today, he said No...

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