SEBI tightens P-Note norms to check money laundering

Market regulator SEBI has made it mandatory for Participatory note (P note) users to follow Indian anti-money laundering law and report any suspicious transactions immediately. Acting upon recommendations of the Supreme Court- appointed SIT on black money, Sebi also tightened the due-diligence requi...

FSSAI asks state officials to inspect tea processing units

Food safety regulator FSSAI has asked the state-level enforcement authorities to carry out inspection at various tea processing units to check adulteration of iron fillings in the beverage. The regulator has recently conducted a large-scale laboratory analysis of tea powder for determining the limit...

Revived prospect of early US rate hike boosts dollar, bashes bonds

Revived prospects of an early U.S. interest rate rise, possibly as soon as June, lifted the dollar to a near two-month high, today, and left stocks, bonds, commodities and emerging markets all nursing losses. In key Asian markets, Hong Kong's Hang Seng index fell 0.7 percent; Singapore&...

Global crude oil prices fall, pressured by stronger dollar

Global crude oil prices fell, today, pressured by a stronger dollar, and as a surprise increase in U.S. crude inventories served as a reminder that supply remains ample despite output problems. So, Brent crude oil futures slumped 1.29 dollars, to 47.64 dollars a barrel. U.S. crude fell 1.06 dollars,...

Gold ends flat at Rs 29,800 per ten grams

Gold ended flat, at 29,800 rupees per ten grams at Delhi's bullion market, today. But silver fell for the third straight day, losing 450 rupees, to 40,450 rupees per kilo, on reduced off-take by industrial units and coin makers. Silver coins held steady, at 68,000 rupees for buying 100 piec...

Need to discuss with airlines on capping airfares: DGCA

Amid concerns over steep fluctuations in airfares, aviation regulator Directorate General of Civil Aviation (DGCA) today said discussions need to be held with airlines before any decision on fixing upper cap on ticket prices. To a query on whether capping airfare is a practical option in the context...

Gold ends flat at Rs 29,800 per ten grams

Gold ended flat, at 29,800 rupees per ten grams, today. But silver fell for the third straight day, losing 450 rupees, to 40,450 rupees per kilo, on reduced off-take by industrial units and coin makers. Silver coins held steady, at 68,000 rupees for buying 100 pieces.Overseas, gold lost 0.5 per cent...

Moody's pegs India's growth rate at 7.5% in 2016 & 2017

Global rating agency, Moody's has forecast a growth rate of about 7.5 percent for the Indian economy in 2016 and 2017. This growth will be driven largely by private consumption growth. Moody's said the prevailing low headline inflation is expected to continue, helped by a good mons...

5 Member Committee to give recommendations on Fiscal Responsibility and Budget Management

Consolidation govt policy; need global-sized institutions: Jaitley

Finance Minister Arun Jaitley today said the country needs global-sized institutions and proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy. Mr Jaitley said consolidation is part of the Indradhanush package...