Mumbai: The Reserve Bank of India on Friday announced it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis from December 16. The facility is used to electronically transfer funds from one account to another of banks which are members of this system. “The system will be available […]
New Delhi: The Income Tax Department has said that on December 3, the department carried out search and survey operations on certain share-brokers and traders for being involved in facilitating accommodation of profit and loss through reversal trades in illiquid stock options. Raids took place in over 39 locations spread across Mumbai, Kolkata, Kanpur, Delhi, […]
New Delhi: Amid a growing debate over the impact of single-use plastics on the environment, paper offers a sustainable option and can capture a fourth of the Rs 80,000 crore single-use plastics market by 2025, if its use is totally banned by the government, a new study said. India generated 26,000 tonnes per day of […]
New Delhi: Retail major Walmart on Monday launched “Walmart Vriddhi Supplier Development Program”, an initiative to help MSMEs in India to enhance their capability and supply chain. Speaking at the launch event here Judith McKenna, President and CEO, Walmart International Under the initiative, the company which owns the e-commerce major Flipkart, aims to train around […]
Mumbai: Market benchmark BSE Sensex rose over 42 points on Monday to close at 40,487.43, driven by buying in select bank and auto counters. After opening on a weak note, the 30-share BSE Sensex stabilised in afternoon trade and settled with gains of 42.28 points or 0.10 per cent at 40,487.43. The index swung between […]
New Delhi: Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year as oil firms raised rates to make up for the rising cost of production. Petrol price was on Monday hiked by 5 paise per litre and diesel by 10 paise a litre, according to […]
New Delhi: The State Bank of India (SBI) on Monday announced 10 basis points cut in the one-year marginal cost of funds-based lending rate (MCLR), effective from December 10. It will bring SBI’s one-year MCLR down to 7.90 per cent from 8 per cent. The bank claimed it continued to be the cheapest loan provider […]
New Delhi: Amid questions raised over stake sale in profit-making PSUs, the government on Tuesday said in Rajya Sabha that the criteria for disinvestment were not profit or loss. In oral reply to a question from Shiv Sena MP Sanjay Raut, Minister of State for Finance, Anurag Thakur said that the criteria for disinvestment have […]
Mumbai: Market benchmark BSE Sensex declined over 247 points on Tuesday to close at 40,239 as heavy selling emerged mainly in power, oil & gas and IT stocks amid a strengthening rupee. The 30-share gauge opened strong at 40,588.81, but soon lost momentum to slip into the negative territory. It finally closed 247.55 points or […]
Mumbai: Market benchmark Sensex on Thursday rose by 169 points on the back of gains in banking and metal stocks amid positive global trends after the US Federal Reserve signalled no change in interest rates throughout next year. After rallying over 300 points in day trade, the 30-share BSE Sensex ended 169.14 points, or 0.42 […]
New Delhi: With states not being paid compensation for loss of revenue from implementation of GST since August, Finance Minister Nirmala Sitharaman on Thursday assured the Centre will honour its commitment but did not say by when the dues will be cleared. States that surrendered powers to collect taxes on goods and services after local […]
New Delhi: In a bid to make the daily commute safer for women in India, ride-hailing giant Uber on Friday launched a new campaign for Uber Auto, which also aims to empower riders with seamless shared mobility solutions. The company also launched an Uber Moto campaign for youth with convenient doorstep pickup to help them […]
Mumbai: India’s benchmark index Sensex traded near its life-time highs on Friday after signs of easing in US and China trade tension. The Sensex hit an intraday high of 41,030.92 — a little over 100 points away from a record high of 41,163.79. Global equities were trading on a firm note on Friday after reports […]
Mumbai: The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank said. The move will aid the payment system become operational on a 24×7 basis. The facility is […]
New Delhi: National auditor CAG has found several cases of non-compliance and escaping of anti-dumping duties besides gaps in export promotion schemes such as the Export Promotion Capital Goods (EPCG) resulting in revenue loss to the exchequer in the financial year 2017-18. While several instances of short-levying or no-levying of anti-dumping duties amounting to Rs […]
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