The Union Finance Ministry on Saturday said that increase in deposits of Indians in Swiss Banks could be on account of an increase in business of Swiss bank branches located in India and raised Inter-bank transactions, rather than due to an increase in alleged black money held by Indians in Switzerland.
Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank.
Fuel prices increased again across the country on Friday adding more misery to the common man's woe, as he already grapples with rising food prices amid shrinking income.
The electric scooter TVS iQube Electric, an urban scooter powered by an advanced electric drivetrain at a price of Rs 115,218.
The Indian Rupee started on a weaker note this Thursday against the greenback as the US Dollar surged higher after the Fed's hawkish statement, Reliance Securities said in a research note.
The 30-share BSE index ended 271.07 points or 0.51 per cent lower at 52,501.98 on Wednesday. Meanwhile, gold dipped marginally by Rs 48 to Rs 47,814 per 10 gram
Fuel prices increased again across the country on Wednesday adding more misery for the common man already grappling with rising food prices amidst shrinking income.
The public sector major mentioned: "Attrition of manpower: 5 per cent reduction in manpower annually for the next 5-10 years (FY20 base of 2,72,445 employees)," among other cost cutting measures.
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on June 12, had slashed tax rate on COVID drugs such as Remdesivir and Tocilizumab as well as on medical oxygen, oxygen concentrators and other COVID essentials.
The key Indian equity indices continued their record run on Tuesday.The BSE Sensex touched a fresh high of 52,836.31 and the Nifty50 on the National Stock Exchange hit an all-time high of 15,889.60 points.
Equity benchmark Sensex rose 77 points to close at its all-time high on Monday, while the 30-share BSE index ended 76.77 points or 0.15 per cent higher at 52,551.53. Meanwhile, gold plunged Rs 464 to Rs 47,705 per 10 grams.
The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods.
NTPC is looking to further strengthen its footprint in green and clean fuel, the company said in a statement. NTPC will collaborate for implementation and further commercialization of the projects.
In view of such a situation, the Confederation of All India Traders (CAIT) has launched an "e-commerce purification week" from Monday to June 21, which is gaining massive support from thousands of trade associations across the Country.
Foreign Portfolio Investors (FPI) have made a total net investment of Rs 15,520 crore in Indian equities so far in June.
The Grant Thornton Bharat-Ficci report said for India to reach its vision of 100 per cent EVs by 2030, factors such as increasing government support, decreasing cost of technology, and distressing pollution levels, would be key to accelerate this transition.
Finance Minister Nirmala Sitharaman said that the council agreed to go with the recommendations of the Group of Ministers (GoM) that was single point agenda on the council on Saturday.
The 44th meeting of the GST Council, the second this year in the midst of the second wave of Covid pandemic, began on Saturday morning through video conferencing.
The Telecom Regulatory Authority of India (TRAI) released an amendment to interconnection regulations of 2017 which provides for a framework for technical compliance of conditional access system (CAS) and subscriber management system (SMS) for the broadcasting and cable sector.
Equity benchmark Sensex climbed 174 points to close at its all-time high on Friday. Meanwhile, gold prices rose Rs 441 to Rs 48,530 per 10 gram.
EPFO has also updated Electronic Challan cum Return (ECR) filing norms. The employer can only file ECR for those employees who have linked their Aadhaar to PF UAN.
The Indian stock market reached new milestones on Friday morning with both the BSE Sensex and the Nifty50 on the National Stock Exchange touching fresh record highs.
The RBI said the charges have been allowed to be increased given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/white label ATM operators
The 30-share Sensex finished 358.83 points or 0.69 per cent higher at 52,300.47. Intra-day, the index swung between a high of 52,346.35 and a low of 51,957.92.
The Finance Ministry has released the third monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore for the year 2021-22 to 17 states.