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  • pm modi to launch digital india week today

    PM Modi to launch Digital India Week today

    July 01, 2015 10:13 IST

    New Delhi: Prime Minister Narendra Modi will launch the Digital India Week on July 1 here aiming to encourage involvement and creating awareness about the field.Communications and IT Minister Ravi Shankar Prasad informed that many

  • indigo infibeam teamlease eye over rs 3 000 cr via ipo

    IndiGo, Infibeam, Teamlease eye over Rs 3,000 cr via IPO

    July 01, 2015 8:23 IST

    New Delhi: In a big day for IPOs, at least three companies -- low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam - have lined up public offers to raise an estimated over Rs 3,000

  • diesel to cost more in himachal pradesh after govt

    Diesel to cost more in Himachal Pradesh after govt increases VAT

    July 01, 2015 8:10 IST

    Shimla: Diesel would be costlier by Rs 2.50 per litre in Himachal Pradesh as cabinet yesterday decided to increase VAT on diesel from 11.5 per cent to 16 per cent.The VAT on diesel is higher

  • greece becomes first developed country to default on imf

    Greece becomes first developed country to default on IMF

    July 01, 2015 14:17 IST

    Washington: Greece slipped deeper into its financial abyss after the bailout programme it has relied on for five years expired at midnight on Tuesday and the country failed to repay a loan to the International

  • mahila bank to merge with sbi bhattacharya says no brainer

    Mahila Bank to merge with SBI? Bhattacharya says 'no-brainer'

    June 30, 2015 23:53 IST

    Mumbai:  Amid speculation about newly created Bharatiya Mahila Bank being merged with SBI, the state-run behemoth today said it can easily absorb the youngest state-run lender.Following reports that BMB could be merged with SBI, the

  • navy to get 4 water jet fast attack craft in 2015 16

    Navy to get 4 Water Jet Fast Attack Craft in 2015-16

    June 30, 2015 16:51 IST

    Kolkata:  The Navy would get four new Water Jet Fast Attack Craft by the end of March, 2016 for conducting attack missions, anti-smuggling, anti-poaching and rescue operations, officials said today.The Garden Reach Shipbuilders and Engineers

  • airbus keen to participate in make in india

    Airbus keen to participate in 'Make in India'

    June 30, 2015 16:39 IST

    New Delhi:  European major Airbus today expressed its keen interest in participating in 'Make in India' programme in the area of defence and space.The interest was expressed by Bernhard Gerwert, CEO of Airbus Defence and

  • disappointment creeping in over modi government reform pace

    Disappointment creeping in over Modi government reform pace: Moody's

    June 30, 2015 20:34 IST

    New Delhi:  Flagging subdued rural economy as a 'credit negative' for India's sovereign rating, global giant Moody's today said there are growing concerns about risk of policy stagnation and "some disappointment" has emerged over the

  • how a mumbaikar changed a banking law in 90 days

    How a Mumbaikar changed a banking law - in 90 days!

    June 30, 2015 11:25 IST

    Mumbai: A few months ago, a cheque of Rs. 75,000 issued to a Mumbai businessman was repeatedly being returned and he instructed his lawyers to file a case under the Negotiable Instruments Act, 1882.But the

  • greece anxious pensioners swarmed closed bank branches

    Greece anxious pensioners swarmed closed bank branches

    June 30, 2015 8:12 IST

    Athens: Anxious pensioners swarmed closed bank branches today and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that

  • greece debt crisis banks closed atm cash withdrawals limited

    Greece debt crisis: Banks closed, ATM cash withdrawals limited

    June 29, 2015 17:09 IST

    Athens (Greece): Greece's five-year financial crisis took its most dramatic turn yet, with the cabinet deciding after an 8-hour session that Greek banks would remain shut for six business days and restrictions would be imposed

  • raghuram rajan did not imply world economy slipping into

    Raghuram Rajan did not imply world economy slipping into new Great Depression, RBI clarifies

    June 28, 2015 20:32 IST

    Mumbai:  With Raghuram Rajan's comments on 1930s-like problems resurfacing having created a flutter, the RBI on Sunday said the governor did not imply there being an imminent risk of the world economy slipping again into

  • use online tax calculator to file itr for ay 2015 16

    Use online tax calculator to file ITR for AY 2015-16

    June 28, 2015 11:29 IST

    New Delhi: With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based ‘calculator' launched by

  • billions of dollars investments in digital india week

    'Billions of dollars investments in digital India week'

    June 28, 2015 7:59 IST

    New Delhi:  The government is expecting investments to the tune of billions of dollars during the Digital India week which will be inaugurated by Prime Minister Narendra Modi on July 1."As per estimates are concerned,

  • rbi working with government to penalize loan fraudsters

    RBI working with government to penalize loan fraudsters

    June 27, 2015 22:06 IST

    New Delhi:  The Reserve Bank is working closely with the finance ministry to facilitate criminal investigations by law enforcement agencies to bring to book loan fraudsters, deputy governor R R Gandhi has said.Containing frauds means

  • india thailand to sign double taxation treaty

    India, Thailand to sign double taxation treaty

    June 27, 2015 20:56 IST

    Bangkok:  India and Thailand will sign a double taxation treaty and an MoU for setting up an Ayurveda Chair in one of the Thai Universities during the three-day visit of External Affairs Minister Sushma Swaraj

  • rbi may give payment bank licence to post deposit in aug

    RBI may give payment bank licence to Post Deposit in Aug: Ravi Shankar Prasad

    June 27, 2015 16:49 IST

    New Delhi:  Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August.This will enable the network of 1,54,000

  • state run banks will need more capital to meet adequacy

    State-run banks will need more capital to meet adequacy norms: RBI

    June 27, 2015 7:14 IST

    New Delhi: The Reserve Bank of India said on Friday that state-run banks are adequately capitalised, but would need additional funds to comply with international capital adequacy norms in the future."Right now the banks are

  • world economy may be slipping into 1930s depression

    World economy may be slipping into 1930s depression problems: Raghuram Rajan

    June 26, 2015 17:40 IST

    London: RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the

  • rupee weakens by 3 paise against dollar in early trade

    Rupee weakens by 3 paise against dollar in early trade

    June 26, 2015 9:54 IST

    Mumbai: The rupee dropped 3 paise at 63.62 against dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas.Forex dealers said fresh demand for the dollar from

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