Business

July 1, 2016 7:54 PM

Govt extends time for jewellers to obtain excise registration

The Centre on Friday announced that the time limit for taking central excise registration of an establishment by a jeweller has been extended up to 31st of this month.The Finance Ministry said, the liability for payment of central excise duty will be with effect from 1st March, 2016. However, assess...

July 1, 2016 6:45 PM

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund has warned that Britain's decision to leave the European Union has created significant uncertainty. This uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions also for Europe and the global economy. The IMF sa...

July 1, 2016 5:17 PM

Oil falls as oversupply concerns return to center stage

Global crude oil prices eased, on Friday, as the focus returned to oversupply, after production from Nigeria and Canada revived, and OPEC production reaching a record high in June. Brent crude oil futures were down 30 cents, at 49.41 dollars a barrel. U.S. crude fell 25 cents, to 48.08 dollars a bar...

July 1, 2016 4:50 PM

Gold up by Rs 200 to Rs 30,550 per ten grams

Gold rose 200 rupees, to 30,550 rupees per ten grams at Delhi's bullion market, on Friday, on buying by jewellers amid a firm global trend. Silver surged 1,300 rupees to 44,000 rupees per kilo, on increased offtake by industrial units and coin makers. Silver coins remained unchanged at 74,0...

July 1, 2016 6:51 AM

Petrol price cut by 89 paise a litre, diesel by 49 paise

Petrol price has been cut by 89 paise a litre and diesel by 49 paise a litre. The new rates came into effect midnight last night. Petrol will now cost 64 rupees 76 paise a litre in Delhi, while diesel will cost 54 rupees 70 paise per litre. Indian Oil Corporation said, the current level of internati...

June 30, 2016 8:50 PM

Sensex surges 259 points in fourth straight session

Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange surged 259 points, or one percent, to close at 27,000 on Thursday. The Nifty at the National Stock Exchange climbed 84 points, to 8,288.

June 30, 2016 8:07 PM

World Bank, ISA sign agreement for India's solar-energy program<br/>

The World Bank Group on Thursday signed an agreement with the International Solar Alliance, consisting of 121 countries led by India, with the goal of mobilizing one trillion dollar in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley and Power Minister P...

June 30, 2016 8:01 PM

April-May fiscal deficit at 42.9% of Budget estimates

The government&apos;s fiscal deficit during the first two months of the current fiscal was 2.28 lakh crore rupees, or 42.9per cent of the Budget estimate. The fiscal deficit during April and May of the last fiscal had stood at 37.5 per cent of the Budget estimate. According to data released by t...

June 30, 2016 8:01 PM

Infra sector growth slips to 5-month low at 2.8% in May

Growth in the country&apos;s infrastructure sectors slowed to a five-month low of 2.8 per cent in May this year.Production of crude oil declined 3.3 per cent in May this year, while natural gas output fell 6.9 per cent during the month.Output of refinery products grew 1.2 percent in May, cement ...

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