Business

Manipur blockade: Pradhan directs oil firms to take measures to ease situation

December 26, 2016 4:36 PM

Manipur blockade: Pradhan directs oil firms to take measures to ease situation

Petroleum Minister Dharmendra Pradhan today reviewed the stock position of petroleum product in Manipur and directed oil marketing companies to take all possible remedial measures to ease out the situation.An official release said, in view of the economic blockade imposed by United Naga Council on v...

Tata Motors shareholders remove Nusli Wadia from Board of Directors

December 26, 2016 8:45 AM

Tata Motors shareholders remove Nusli Wadia from Board of Directors

Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors at an extraordinary general meeting held during which 71.20 per cent of the shareholders voted in favour of a resolution moved by Tata Sons to remove Mr Wadia as independent director of Tata...

Foreign investors pull out $3.4 billion so far in December

December 25, 2016 5:02 PM

Foreign investors pull out $3.4 billion so far in December

Foreign investors have pulled out 3.4 billion dollars from the domestic capital market so far this month, following the rate hike by the US Federal Reserve. Net withdrawal by foreign portfolio investors from equities stood at 3,744 crore rupees between December 1 and 23, while withdrawals from the d...

Note ban: I-T detects Rs 3,651 crore undisclosed income

December 24, 2016 4:50 AM

Note ban: I-T detects Rs 3,651 crore undisclosed income

The Income Tax Department has detected undisclosed income worth over 3,651 crore rupees and seized new notes worth more than 98 crore rupees as part of its country-wide operations against black money after demonetisation. Official sources said in New Delhi that the taxmen have carried out a total of...

Saudi Arabia projects $53bn deficit in 2017

December 23, 2016 9:29 PM

Saudi Arabia projects $53bn deficit in 2017

Saudi Arabia cabinet has projected a 2017 Budget deficit of about 53 billion US Dollar and said in a statement that this year's deficit will be 79 billion US Dollar, down 8.9 per cent from 2016's budget forecast. Expenses next year will reach 237 billion US Dollar against revenues ...

Govt directs cooperatives to open bank accounts for milk producers

December 23, 2016 8:50 PM

Govt directs cooperatives to open bank accounts for milk producers

The Centre has asked dairy major Amul to open bank accounts for all milk producers by 30th of this month and other cooperatives by 30th of January next year to ensure smooth payment to farmers post-demonetisation. Gujarat Co-operative Milk Marketing Federation sells milk and other dairy products und...

Note ban: I-T detects Rs 3,590 crore undisclosed income

December 23, 2016 8:13 PM

Note ban: I-T detects Rs 3,590 crore undisclosed income

The Income Tax Department has detected over 3,590 crore rupees of un-disclosed income while more than 93 crore rupees in new notes have been seized as part of its country-wide operations against black money hoarders post the demonetisation of two high value currencies by the government. Official sou...

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