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June 8, 2015 8:59 AM
Switzerland has announced a stringent due diligence regime for its banks to reject accepting illicit funds from both existing and new customers. Swiss banks would also terminate relationships with existing clients who are found to have stashed illegal assets in their accounts. To fight the back mone...
June 7, 2015 2:15 PM
India has slapped anti-dumping duty on imports of certain steel products from three countries, including China. The Finance Ministry imposed the duty on the recommendation of Directorate General of Anti-Dumping Duty, DGAD. The duties have been imposed for five years on imports of certain variety.The...
June 7, 2015 11:24 AM
Mutual Funds attracted nearly 4,200 crore rupees in May, taking the total net inflow close to 57,000 crore in the past one year, primarily on account of positive returns from equities. This also marks the 13th consecutive month of net inflows by mutual fund houses into the stock markets. Industry in...
June 6, 2015 12:52 PM
US stock ended mixed, 10-year US Treasury yields posted their steepest weekly jump in nearly two years, and the dollar hits a 13-year high against the yen Friday, after jobs growth suggested the Federal Reserve will raise interest rates sooner than expected. The Labour Department said, US non-farm p...
June 6, 2015 9:50 AM
Greece's Prime Minister has warned international creditors not to impose humiliating terms on his country as it seeks urgently needed bailout funds. Alexis Tsipras said negotiations are at a critical stage, but that the lenders' proposals were not realistic. He was briefing Parliam...
June 6, 2015 9:12 AM
A satellite port will soon be developed for Jawaharlal Nehru Port Trust, JNPT, which will help in generating employment for over 1 lakh people. A Memorandum of Understanding in this regard was signed by JNPT CMD Neeraj Bansal and Maharashtra Maritime Board CEO Ashish Sharma in Mumbai Friday. Union S...
June 6, 2015 9:11 AM
Netherlands Prime Minister Mark Rutte will be in Mumbai today to explore business opportunities offered by Maharashtra and to understand the need for transfer of technology in many areas; especially agriculture. Prime Minister Rutte will begin his visit by paying tribute to the 26/11 victims at Mumb...
June 5, 2015 6:37 PM
State Bank of Patiala has reduced its Base Rate by 15 basis points to 9.95 %, which will lead to lower EMIs for its customers. The bank has revised downward the base rate or minimum lending rate from 10.10% to 9.95% effective from 08.06.2015.
June 5, 2015 1:36 PM
States have sought full compensation for the first five years from the Centre for the revenue loss following the implementation of Goods and services tax (GST). This emerged during the meeting of State Finance Ministers Empowered Committee on GST, which was held in New Delhi yesterday under the Chai...
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