Service tax to go up to 14 % from tomorrow

Service tax will go up to 14 percent from Monday.Some of the key services that will attract higher tax and hence become costlier are railways, airlines, banking, insurance, mobile, advertising, architecture, construction, credit cards, event management and tour operators.According to railway ministr...

US stocks closed sharply lower

U.S. stocks closed sharply lower, yesterday, as investors weighed the ongoing Greek debt crisis and a disappointing report showing that the US economy shrank in the first quarter. Economists are looking ahead to the June 5 release of the jobs report for May, after U.S. employers rebounded and create...

India's forex reserves dip steeply by $ 2.319 billion to $ 351.557 billion

Two of Indian-origin among richest self-made US women: Forbes

Two Indian-origin women find place in Forbes' inaugural list of America's 50 richest self made women. India-born Neerja Sethi, with a net worth of 1.1billion US Dollar, ranked 14th while London born Jayshree Ullal with 470 million US Dollar net worth comes at the 30th spot on the l...

China establishes giant gold fund to increase influence in global market

China is boosting its influence in global gold markets by establishing its largest gold investment fund led by Shanghai Gold Exchange, which is expected to raise about 100 billion yuan, 16.1 billion dollars. China has established its largest gold-investment fund in northwest China's Xi&...

China establishes giant global fund to increase influence in global market

China is boosting its influence in global gold markets by establishing its largest gold investment fund led by Shanghai Gold Exchange, which is expected to raise about 100 billion yuan, 16.1 billion dollars. China has established its largest gold-investment fund in northwest China's Xi&...

Reserve Bank Governor Raghuram Rajan on Thursday said it was a worthwhile ambition to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems. The Reserve Bank chief also emphasized the need ...

RBI asks banks to advise argi-borrowers to hedge risks

The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges. The RBI said, banks may encourage large agricultural borrowers such as agricultural commodity processors, traders, millers, a...

Gold dips Rs 25 to Rs 27,325 per ten grams

Falling for the third straight day, gold dipped 25 rupees, to 27,325 rupees per ten grams at Delhi's bullion market, on poor demand from jewelers, and negative global cues. Silver fell 260 rupees, to 38,540 rupees per kilo. Silver coins remained steady, at 56,000 rupees for buying 100 piece...

CCI approves AXA proposal to hike stake in insurance ventures with Bharti

Fair trade regulator, Competition Commission of India has approved European financial services giant AXA's proposal to hike its stake from 26 percent to 49 percent in its two insurance ventures with Bharti Group - Bharti AXA Life Insurance and Bharti AXA General Insurance. The Foreign Inves...