RBI approves proposal to transfer money to depositor's account from any bank

The Reserve Bank of India has approved a proposal which will facilitate transfer of money to the depositor's account from any bank. The money so deposited will get automatically credited to the intended account number. This facility will be provided by Cash Deposit Machines, CDMs, with the ...

Greece crisis not likely to directly impact Indian economy: Jaitley

Finance minister Arun Jaitley today said the Greece crisis is not likely to directly impact the Indian economy in any significant measure as India has low exposure to trade, remittances and capital flows with Greece. Informing this in the Lok Sabha in a written statement Mr Jaitley said government h...

Falling gold prices boost demand in India: WGC

World Gold Council, WGC, has said that global fall in gold prices has boosted its demand in India, the world's second largest consumer. According to WGC, gold prices have fallen by 3.2 per cent in India, 3.6 per cent in China and 1.2 per cent in Turkey. It however said that fall in the gold...

Global companies more worried about problems in China than Greece

Multi-national corporations from India, United States and Singapore are worried much more about the underlying problems of the Chinese economy and their impact on the world financial and commodity markets than the Greece crisis, according to an Assocham report. It said that since China is the second...

7 Indian firms among world's 500 largest companies: Fortune Magazine

Seven Indian companies are among the world's 500 largest companies, according to a list compiled by Fortune Magazine that has been topped by retail giant Walmart. The Indian companies on the 2015 Fortune Global 500 list are Indian Oil ranked 119 on the list with revenues of about 74 billion...

SEBI bans more than 900 firms suspected to be platforms for tax evasion

Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.Sebi Chairman UK Sinha ...

Sensex rises 323 points to close over 28,500 mark; NSE surges 104 points

At the domestic stock markets, the Sensex at the Bombay Stock Exchange today recovered smartly from initial losses, spurting 323 points, to close at 28,505. But in early trade, the Sensex had fallen 111 points. The Nifty surged 104 points, to 8,634. But stock markets in Japan, Hong Kong, South Korea...

Government criticises Congress for giving dissent note on GST Bill

Government today criticised Congress for its dissent note in Select Committee report on GST Bill and accused it of being anti- development. Talking to reporters outside Parliament, Finance Minister Arun Jaitely said Congress dissent note is against its own bill and and hoped the opposition party wil...

Jaitley criticises Congress for dissent note in Select Committee report on GST

Sensex surges more than 200 points in afternoon trade

The domestic stock markets recovered smartly from initial losses, with the Sensex at the Bombay Stock Exchange surging 355 points, to 28,537 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had declined 109 points. Similarly, the Nifty at the National Stock Exchange had jump...