Business

January 8, 2016 7:00 AM

PSU bank employees to go on strike today

A section of public sector banks employees will observe one-day strike across the country today to protest violation of bilateral settlement agreement by associate banks of State Bank of India. However, officer grade of employees will not take part in the strike called by All India Bank Employees&am...

January 7, 2016 8:05 PM

European shares fall 3% as China trading suspended

European shares fell 3 percent today after trading was suspended on the Chinese markets earlier for the second time this week. Shares in China fell by 7 percent, triggering a circuit-breaker rule which is designed to stop panic selling, which came in the first 30 minutes of trading, making it China&...

January 7, 2016 6:37 PM

Sitharaman meets heads of Industry bodies ahead of budget

Commerce and Industry Minister Nirmala Sitharaman today held a meeting with the heads of Industry bodies and deliberated upon issues including impact of Free Trade Agreements, ways to promote start-ups and boost economic growth in the country. The meeting was called by the minister in view of upcomi...

January 7, 2016 6:29 PM

PSU bank employees to go on strike tomorrow

A section of public sector banks employees will observe one-day strike across the country tomorrow to protest violation of bilateral settlement agreement by associate banks of State Bank of India. However, officer grade of employees will not take part in the strike called by All India Bank Employees...

January 7, 2016 4:40 PM

Budget 2016: IT sector seeks relief from double tax, retrospective orders

Indian IT sector has sought relief from double taxation on software products, and provide cushion to the industry in view of protectionist measures being taken in the global market. In a Pre-budget meet with the Finance Minister Arun Jaitley today in New Delhi IT players also flagged the concerns wi...

January 7, 2016 2:05 PM

Sensex plunges over 450 points to trade below 25k mark

In Stock market, the Sensex at the Bombay Stock Exchange plunged 460 points, to 24,946, a short while ago, on across-the-board selling by investors. The Nifty at the National Stock Exchange had slumped 146 points, to 7,595 a short while ago.The Chinese market sank more than 7 percent within the firs...

January 7, 2016 11:15 AM

Chinese share trading suspended after market sinks 7%

Trading on the mainland Chinese markets was suspended for the day after shares plunged more than 7% for the second time this week. The mainland benchmark Shanghai Composite index also fell 7.3% while the tech-heavy Shenzhen Composite lost 8.3% before trading was stopped.The circuit breaker rule, a m...

January 7, 2016 10:22 AM

India to grow at 7.8% in current year: World Bank

The World Bank has projected a robust 7.8 percent growth for the Indian economy in the current year. In its Global Economic Prospect report released yesterday, the World Bank cited strong investor sentiment in India and the positive effect on real incomes of the recent fall in oil prices. The report...

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