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June 4, 2015 7:21 PM
State-owned, United Bank of India today cut interest rates on its fixed deposits by up to 0.5 per cent, on select maturities. The new rates will be effective from June 8.Punjab National Bank and Axis Bank had yesterday reduced their fixed deposit rates. Earlier, some other banks, including State Ban...
June 4, 2015 2:14 PM
The Empowered Committee of State Finance Ministers on Goods and Service Tax (GST) will meet in New Delhi today. It will deliberate on the revenue neutral rate, besides other issues, for smooth roll out of the GST. The committee is headed by Kerala Finance Minister KM Mani.The Centre proposes to roll...
June 4, 2015 12:03 PM
An Indo-US business body says the bi-lateral trade between India and the United States is poised to grow five fold from the current USD 100 billion to USD 500 billion.President of the US-India Business Council, Mr. Mukesh Aghi says USIBC member companies are united in their efforts and actions to bu...
June 4, 2015 7:37 AM
World Bank has approved 250 million US dollars loan for Jhelum and Tawi Flood Recovery Project for reconstruction of flood-affected public infrastructure in Jammu and Kashmir. The multi-lateral lender said in a release that in addition to reconstruction, which includes reconstruction of roads, bridg...
June 3, 2015 8:48 PM
The stock markets saw another sell-off today, on the heels of yesterday's big fall. The Sensex at the Bombay Stock Exchange plunged 351 points, to close at 26,837, on sustained heavy, across-the-board selling pressure. The Nifty at the National Stock Exchange slumped 101 points, to 8,135.
June 3, 2015 4:56 PM
State-owned, Punjab National Bank has cut the interest rate on fixed deposits by 0.25 per cent on select maturities, with effect from June 8. The cut by PNB comes a day after the Reserve Bank reduced its key policy rate. Following the RBI's move, several banks have cut their interest rates....
June 3, 2015 2:06 PM
Shares of FMCG major, Nestle India slumped over 10 per cent at the stock markets, today, amid growing concerns about safety standards of its popular, Maggi noodles. The Bombay Stock Exchange has sought clarification from the company with regard to reports that the Maggi samples failed safety test in...
June 3, 2015 1:50 PM
The government has decided to increase the Minimum Import Price, MIP on import of Areca nuts from existing Rs 110 per kilogram to Rs 162 with immediate effect. The decision has been taken on account of unabetted import of Areca nut from neighboring countries originating from countries such as Indone...
June 3, 2015 1:04 PM
After yesterday's crash, the benchmark Sensex fell further by 379 points to trade at 26,809 at around 1300 hrs today on sustained selling by funds and investors after RBI took a cautious stance on economic recovery coupled with forecast of a deficient monsoon. The NSE Nifty index also is do...
June 2, 2015 8:54 PM
The stock markets tumbled today. After a positive opening, the Sensex at the Bombay Stock Exchange retreated sharply, plunging a mammoth 661 points, to close at 27,188, on heavy, across-the-board selling pressure. The Nifty at the National Stock Exchange slumped 197 points, to 8,236. And at the inte...
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