Business

April 6, 2017 7:19 AM

RBI to hold monetary policy review today

RBI will today announce its first bi-monthly monetary policy review of the new financial year. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting yesterday, with experts saying that the bank is likely to hold the rates in view of hardening inflation.In i...

April 5, 2017 5:40 PM

Trade deficit with China at $46.7 billion in April-February

India's trade deficit with China was recorded at 46.7 billion US dollars during the April-February period of the last fiscal. Commerce and Industry Minister Nirmala Sitharaman informed Rajya Sabha that overall trade with China during the 11-month period decreased marginally by 0.87 per cent...

April 4, 2017 4:37 AM

Centre clears proposal to buy Barak missiles for Indian Navy

Government has approved procurement of a fresh batch of Barak surface-to-air missiles for Naval warships to enhance India's maritime capability. A meeting of the Defence Acquisition Council (DAC), chaired by Defence Minister Arun Jaitley in New Delhi yesterday, approved capital acquisition ...

April 4, 2017 12:29 AM

All Income Tax communication between AO and taxpayer now online

All Income Tax department-related proceedings between the taxpayer and the tax man from the new fiscal will be conducted online. A notification in this regard was issued by the Central Board of Direct Taxes (CBDT) in New Delhi today. The policy-making body of the tax department said this is a part o...

April 3, 2017 11:30 PM

BP Kanungo takes over as RBI Deputy Governor

BP Kanungo took over as the Deputy Governor of the Reserve Bank of India (RBI) in Mumbai today. The government on March 11 appointed Kanungo, who was holding the position of Executive Director of RBI, as Deputy Governor for a period of three years. He has worked in several functional areas of the ba...

April 3, 2017 8:31 PM

SBI cuts lending rates by 0.15%

Ahead of the Reserve Bank of India's monetary policy this week, the country's largest bank, State Bank of India has reduced its benchmark lending rate by 0 point 15 per cent. Base rate or the minimum lending rate of the bank has been reduced from 9.25 per cent to 9.1 per cent . The...

April 3, 2017 2:19 PM

Five State Banks, Bharatiya Mahila Bank merge with SBI

Five associates and the Bharatiya Mahila Bank became part of the State Bank of India, catapulting the country's largest lender to among the top 50 banks in the world. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Tra...

April 3, 2017 1:53 PM

Sensex climbs over 200 points in afternoon trade

At the stock markets, after a firm opening, the Sensex at the Bombay Stock Exchange gained further ground, and had surged 228 points, or 0.8 percent, to 29,848 a short while ago. The Nifty at the National Stock Exchange had advanced 48 points, to 9,222.But at the forex market, the rupee gave up all ...

April 3, 2017 8:13 AM

BSE will start charging transaction fee on per trade basis from today

Leading stock exchange BSE will start charging transaction fee on per trade basis from today, a move that is expected to attract a larger number of big deals. Under the new system, it will charge 1 rupee per trade for upto 5 lakh transactions in a month; 70 paise for 5-10 lakh; 60 paise for 10-20 la...

April 2, 2017 12:55 PM

BSE will start charging transaction fee on per trade basis from tomorrow

Leading stock exchange BSE will start charging transaction fee on per trade basis from tomorrow, a move that is expected to attract a larger number of big deals. Under the new system, it will charge 1 rupee per trade for upto 5 lakh transactions in a month; 70 paise for 5-10 lakh; 60 paise for 10-20...

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