Business

November 10, 2016 7:36 PM

RBI hands over WB govt list of 194 entities raising money illegally

The market intelligence wing of the Reserve Bank of India (RBI) has handed over to the West Bengal finance department a list of 194 dubious financial entities still collecting deposits illegally from different parts of the state. The apex bank has also cautioned the state government that in absence ...

November 10, 2016 5:31 PM

Donations to temples, FDs in co-op banks under govt scanner

The demonetization of 1000 rupees and 500 rupees notes has seen sudden spurt in donations to around 100 temples and trusts and in cash reserves of around 1000 cooperative banks and credit societies in Maharashtra. All these transactions have come under government scanner. The officials have apprised...

November 10, 2016 5:13 PM

Govt intends to shift economy to Natural Gas based energy supply: Pradhan

Petroleum and Natural Gas Minister Dharmendra Pradhan today said the government intends to direct the economy based on Natural Gas based energy supply and establish gas terminals and pipelines in South India for which the Centre is looking for states' support. Speaking at the Economic Edito...

November 10, 2016 12:59 PM

Dow ends near record highs following election of Trump

US stocks rallied, yesterday, led by a surge in financial, health-care and industrial stocks, as investors bet on the infrastructure spending policy promised by President-elect Donald Trump. The rally on Wall Street was in contrast to sharp losses seen in the futures market before the market opened....

November 10, 2016 10:03 AM

Swedish business delegation calls on PM Modi

A Swedish business delegation comprised some of the CEOs who are in New Delhi for the India Sweden Business Leaders Round Table called on Prime Minister Narendra Modi. Long term business opportunities for Swedish manufacturers, including in defence manufacturing and solar energy, were discussed duri...

November 9, 2016 9:31 PM

Sensex drops 339 points, gold surges Rs 900 to 3-year high

After suffering huge losses in early trade, the Sensex at the Bombay Stock Exchange staged a remarkable recovery in late deals, but still ended with a significant loss of 339 points at 27,253, today. In early trade, the Sensex had tumbled a mammoth 1,689 points, to 25,902. The Nifty at the National ...

November 9, 2016 8:21 PM

Sensex drops 339 points, but gold surges 900 rupees to a three-year high

After suffering huge losses in early trade, the Sensex at the Bombay Stock Exchange staged a remarkable recovery in late deals, but still ended with a significant loss of 339 points at 27,253, today. In early trade, the Sensex had tumbled a mammoth 1,689 points, to 25,902. The Nifty at the National ...

November 9, 2016 8:20 PM

RBI appoints M Rajeshwar Rao as new ED

The Reserve Bank has appointed M Rajeshwar Rao as Executive Director following G Mahalingam's taking voluntary retirement from the central bank. RBI said in a statement that as Executive Director, Rao will look after Department of Statistics and Information Management, Financial markets Ope...

November 9, 2016 6:08 PM

Direct tax collection up 10.6% to Rs 3.77 lakh cr

Direct tax collections have soared over 10 per cent during the April-October period of 2016-17 of current financial year on higher personal tax receipts.An official release said, as much as 3.77 lakh crore rupees was collected in direct taxes during the April-October period of 2016-17 which is 10.6 ...

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