Business

December 16, 2016 10:06 AM

India one of fastest-growing countries in the world: White House

India remains one of the fastest-growing countries in the world, with real GDP expanding at 7(point)3 per cent, the White House said.Economic Report of the US President for the year 2017, which was sent to the Congress said that economic growth in India continues at a solid pace of a projected 7.4 p...

December 16, 2016 8:43 AM

Andhra Pradesh records 5% more growth than all India rate<br/>

Andhra Pradesh has registered 5 per cent more growth in comparison to all India growth rate, this was revealed at a meeting held with Principal Secretaries, Secretaries and Heads of various departments at the Velagapudi Secretariat yesterday during which Chief Minister N. Chandrababu Naidu discussed...

December 16, 2016 7:34 AM

India one of fastest-growing countries in the world: White House

India remains one of the fastest-growing countries in the world, with real GDP expanding at 7.3 per cent, the White House said.Economic Report of the US President for the year 2017, which was sent to the Congress said that economic growth in India continues at a solid pace of a projected 7.4 per cen...

December 16, 2016 6:22 AM

Axis Bank suspends 24 employees, 50 accounts for suspicious activities<br/>

Private sector Axis Bank has said it has so far suspended 50 accounts and 24 employees for suspicious activities in its operations. Axis Retail banking head Rajiv Anand said so far the investigating agencies have visited its eight branches, including five in New Delhi, and the number of employees su...

December 16, 2016 6:17 AM

RBI imposes restrictions on withdrawal from certain bank accounts

Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank of India (RBI) has imposed certain restrictions on withdrawal, if more than two lakh rupees has been deposited after November 9 in an account which has a balance of over five lakh rupees. The ...

December 16, 2016 4:06 AM

Axis Bank suspends 50 accounts, 24 employees for suspicious activities<br/>

Private sector lender Axis Bank said it has so far suspended 50 accounts and 24 employees for suspicious activities in its operations. Axis Retail banking head Rajiv Anand said so far the investigating agencies have visited its eight branches, including five in New Delhi, and the number of employees...

December 15, 2016 8:20 PM

US Federal Reserve raises interest rates for second time in a decade

The US Federal Reserve has raised its benchmark interest rate by 0(point)25 per cent, only the second increase in a decade and first in 2016. The central bank voted unanimously to raise the key rate to a range of 0.5 per cent to 0.75 per cent, citing a stronger economic growth and rising employment....

December 15, 2016 6:17 PM

Old Rs 500 Notes acceptable till today: Shaktikanta Das

People can use old 500 rupee notes for paying utility bills or buying medicines till midnight tonight. In a tweet, Economic Affairs Secretary Shaktikanta Das said, exemptions for use of old 500 rupee notes will end on the midnight of 15th December. He clarified that sections of media are wrongly rep...

December 15, 2016 4:07 PM

RBI asks banks to preserve CCTV footages to spot currency hoarders

RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes.The Reserve Bank, in a notification issued yesterday, said banks should preserve CCTV recordings for the period f...

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