Business

July 29, 2016 1:11 PM

PSU bank employees on strike, operations hit

Services at around 80,000 bank branches in the country are hit today as employees of public sector banks are on a one-day strike to protest proposed merger of SBI's associate banks with SBI and banking reforms announced by the government. However, private sector banks are working as usual. ...

July 29, 2016 8:15 AM

Offer fixed rates power to industries to attract investment:Centre to States

Centre has asked States to offer power to the industries at fixed rates to attract investment. This was stated by Power Minister Piyush Goyal in the Lok Sabha. He said, energy shortage at all India level has been reduced to 0.9 per cent till last month. He said, according to information reported by ...

July 29, 2016 8:15 AM

RBI imposes Rs 27 crore penalty on 13 banks for FEMA violations

Reserve Bank of India (RBI) has imposed 27 crore rupees penalty on 13 public and private sector banks for Foreign Exchange Management (FEMA) Act violations and Know your customer (KYC) lapses. The banks include Punjab National Bank and HDFC Bank. In a statement issued in Mumbai , RBI asked eight oth...

July 29, 2016 8:15 AM

Gold prices jump Rs 250 to Rs 30,900 per ten grams<br/>

Gold prices jumped 250 rupees, to 30,900 rupees per ten grams at Delhi&apos;s bullion market, on increased buying by jewellers.Silver spurted 1,550 rupees, to 47,750 rupees per kilo, on increased offtake by industrial units and coin makers. Silver coins surged 2,000 rupees, to 76,000 rupees for ...

July 29, 2016 8:11 AM

Bank employees on strike today against merger with SBI <br/>

Normal banking operations may take a hit today as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government. The United Forum of Banks Unions, an umbrella organisation of nine bank employees and offic...

July 28, 2016 7:00 PM

Gold prices jump Rs 250 to Rs 30,900 per ten grams<br/>

Gold prices jumped 250 rupees, to 30,900 rupees per ten grams at Delhi&apos;s bullion market, today, on increased buying by jewellers. Silver spurted 1,550 rupees, to 47,750 rupees per kilo, on increased offtake by industrial units and coin makers. Silver coins surged 2,000 rupees, to 76,000 rup...

July 28, 2016 4:46 PM

Gold prices jump Rs 250 to Rs 30,900 per ten grams<br/>

Gold prices jumped 250 rupees, to 30,900 rupees per ten grams at Delhi&apos;s bullion market, today, on increased buying by jewellers. Silver spurted 1,550 rupees, to 47,750 rupees per kilo, on increased offtake by industrial units and coin makers. Silver coins surged 2,000 rupees, to 76,000 rup...

July 28, 2016 1:58 PM

Offer fixed rates power to industries to attract investment:Centre to States

Centre has asked States to offer power to the industries at fixed rates to attract investment. This was stated by Power Minister Piyush Goyal in the Lok Sabha today. He said, energy shortage at all India level has been reduced to 0.9 per cent till last month. He said, according to information report...

July 28, 2016 8:13 AM

Foundation stone laid for MSME technology center in Visakhapatnam

Andhra Pradesh Chief Minister N Chandrababu Naidu, along with Union Ministers Kalraj Mishra and Venkaiah Naidu laid the foundation of Ministry of Micro, Small and Medium Enterprises technology centre at Pudi in Visakhapatnam district on Saturday. The Centre has decided to locate a world-class techno...

July 28, 2016 7:59 AM

RBI imposes Rs 27 crore penalty on 13 banks for FEMA violations

Reserve Bank of India (RBI) has imposed 27 crore rupees penalty on 13 public and private sector banks for Foreign Exchange Management (FEMA) Act violations and Know your customer (KYC) lapses. The banks include Punjab National Bank and HDFC Bank. In a statement issued in Mumbai yesterday, RBI asked ...

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