Custom authorities seize Gold biscuits at Hyderabad's Rajiv Gandhi International Airport today

Custom authorities have seized Gold biscuits weighing around 4.5 kgs at Hyderabad's Rajiv Gandhi International Airport today. The biscuits were found in possession of a woman passenger who arrived by a flight from Bangkok. The officials declined to elaborate further saying the woman, who is...

Govt.'s move to relax foreign investment rules proves reforms agenda on track

India business organisations have said that government's move to relax foreign investment rules in 15 sectors and ease the process for FDI approval proves the reforms agenda is on track and will send a positive signal to global investors. Ficci President Jyotsna Suri said this is again an a...

A Blue Moon diamond sold at an auction in Geneva for 48.5 million dollars

A rare Blue Moon diamond weighing over 12 carats has sold at an auction in Geneva for 48.5 million dollars. The auction house Sotheby's said, it was a world record price for a gemstone at auction. A private collector from Hong Kong purchased the cushion-shaped diamond.

Islamic finance industry has the potential to promote financial stability: Christine Lagarde

The fast growing, Sharia-compliant Islamic finance industry has the potential to promote financial stability because of its risk-sharing and asset-backed features, International Monetary Fund Managing Director Christine Lagarde has said. Speaking at conference in Kuwait Wednesday, she said that Isla...

ED questions Actor Shah Rukh Khan

Actor Shah Rukh Khan was questioned by the Enforcement Directorate (ED) Wednesday in connection with the alleged irregularities in the sale of shares of his IPL franchise Knight Riders Sports Pvt. Ltd. to a Mauritius-based company. After questioning him for more than three hours, ED recorded the act...

East Coast Railway records growth in freight movement and registers highest in passenger traffic

East Coast Railway has recorded a growth in freight movement and achieved number one position zone-wise in Indian Railways to register highest in passenger traffic. An East Coast Railway release said, in this quarter, the zone has carried 47.49 million passengers registering a growth of 5 percent. W...

Prime Minister Narendra Modi has said the decision to ease FDI norms demonstrates the government's unequivocal and unwavering commitment to development and economic reforms.In a series of tweets, Mr Modi asserted that the country is unstoppable on the path of economic progress and the gover...

Centre eases FDI norms in 15 major sectors

The Government has liberalised Foreign Direct Investment, FDI norms in 15 major sectors of the economy to further boost the investment environment and to bring in more foreign investment in the country.These sectors include mining, civil aviation, defence, broadcasting, construction, manufacturing a...

Growth in indirect tax collection reflects healthy rise in GDP:CEA

Finance Ministry on Tuesday said the increase in indirect tax collections during first seven months of the current fiscal reflects a healthy rise in GDP. In a tweet, Chief Economic Advisor Arvind Subramaniam said indirect tax growth in the period between April to October is 35.9 per cent. The indire...

Union power minister sees $30 billion savings from discom revival by FY19

Union Power Minister Piyush Goyal has said that the implementation of the revival package of the near bankrupt state-run discoms will result in total savings of nearly 30 billion US Dollars by the financial year 2018-19. He told investors in Mumbai that if all goes as planned, the Uday scheme, which...