Business

October 12, 2015 9:14 PM

90% funds in Rs 6100 crore black money transfer from 30 banks: BoB

Bank of Baroda, BoB today said the bulk of funds involved in alleged 6,100 crore rupees black money remittance case have been routed through proper banking channels involving over 30 banks. BoB executive director B B Joshi said bulk of the fund came from over 30 banks either by RTGS or NEFT and 90 p...

October 12, 2015 8:27 PM

Retail inflation rises to 4.41% in Sept

Retail inflation rises to 4.41 per cent in September this year, due to costlier food items in general, and pulses and beverages in particular. Consumer Price Index based inflation had stood at 3.74 percent in August this year. Food inflation rose to 3.88 per cent in September, from 2.2 per cent in A...

October 12, 2015 8:04 PM

Industrial production hits 3-year high, grows at 6.4% in Aug

Growth in the country's industrial production rose to a nearly three-year high of 6.4 per cent in August this year, on the back of improved manufacturing and mining activity and better off-take of capital goods. Factory output had grown 0.5 per cent in August last year, and 4.1 percent in J...

October 12, 2015 5:11 PM

Tackling black money growth not SEBI's task: Sinha

SEBI chief U K Sinha today said tackling black money growth is not the task of SEBI but it is pro-active in curbing market manipulations. Speaking at an event in New Delhi, Mr Sinha said any information about tax evasion that comes to the notice of SEBI is passed on to the authorities concerned. He ...

October 12, 2015 4:20 PM

Centre, states complete drafting of model GST law, IGST

The Centre and states have completed the drafting of model Goods and Services Tax law as well as an integrated-GST (IGST), which will be put up in public domain by early November.AIR correspondent quoting official sources reports, the Empowered Committee of state finance ministers is likely to meet ...

October 12, 2015 1:55 PM

Infosys consolidated Q2 net profit at Rs 3398 crore

The country's second largest software services firm, Infosys today reported a 9.8 per cent year-on-year increase in its consolidated quarterly net profit, to Rs. 3,398 crore. Consolidated revenue was up 17.2 per cent.For 2015-16, Infosys gave a revenue guidance of between 13.1 per cent and ...

October 12, 2015 1:04 PM

Centre, states completed drafting of model GST law, IGST

The Centre and states have completed the drafting of model Goods and Services Tax law as well as an integrated-GST (IGST), which will be put up in public domain by early November.AIR correspondent quoting official sources reports, the Empowered Committee of state finance ministers is likely to meet ...

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