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News >> Business
Rupee softens 11 paise against US dollar in early trade
  The rupee weakened 11 paise to 65.14 against the US dollar in early trade at the Interbank Foreign Exchange on increased demand for the American currency from importers and banks.Forex dealers said that increased demand for the US currency from impor...
SBI chief rules out spike in bad loans, post-merger
  State Bank of India ruled out a spike in bad loans following the mega merger that has catapulted the country's largest lender into the top 50 globally with close to USD 500 billion balancesheet on monday."Increase in NPAs is not necessary (post-merge...
GST: Tax evasion over Rs 5 cr a non-bailable offence
  Tax evasion of over Rs 5 crore under the GST regime would be non-bailable offence with the police having authority to make an arrest without a warrant.The Central GST (CGST) Act provides that if the offences relating to taxable goods and/or services ...
'Govt worry on lower tariffs inconsistent with policy'
  TRAI has rejected the Telecom Commission's contention of free offers by Reliance Jio playing havoc on finances of telecom companies saying its policies are aimed at promoting competition and lower tariffs that benefit consumers.The government, it emp...
Notes ban to spur economic activity: Govt
  The government's demonetisation move is set to augment the economic growth as interest rates have come down as a result of increased deposits in banks, Parliament was informed.It is noteworthy that the government is being targeted constantly from acr...
India home to 101 billionaires, Mukesh Ambani tops list: Forbes
  India is home to world's fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine. The Forbes list of the 'World'...
New encryption key in Aadhaar authentication devices from June
  Unique Identification Authority of India (UIDAI) has said that all devices using Aadhaar authentication will have to adhere to its new encryption standards from June 1.The move is aimed at adding another security layer to the hardware at a time when ...
No stay on Jio free offer; TDSAT asks Trai to re-examine issue
  The telecom tribunal did not stay Reliance Jio's free promotional offer, but asked regulator Trai to "re-examine" issues relating to the approval granted to the operator to continue with the freebies.The Telecom Disputes Settlement and Appellate Trib...
Sensex jumps 206 pts, Nifty at new peak after Fed move
  The Sensex rebounded by over 206 points and the NSE Nifty scaled a life-time high of 9,153 (rpt) 9,153 in opening trade on thursday amid a firming trend in global markets after the US Fed hiked the key lending rate.The Federal Reserve, as expected, r...
B P Kanungo appointed RBI Dy Governor
  B P Kanungo was appointed Deputy Governor in Reserve Bank of India (RBI) for three years on saturday.The Appointments Committee of Cabinet (ACC) has approved his appointment to the post with effect from the date of taking over the charge on or after ...
 
 
 
           
 
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