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  • to help smart cities plan sebi approves municipal bonds

    To help 'Smart Cities' plan, SEBI approves municipal bonds rules

    March 22, 2015 17:32 IST

    New Delhi: To help the government's 'Smart Cities' programme, Sebi today approved a new set of norms for listing and trading of municipal bonds on stock exchanges, while channelising household investments for urban infrastructure development.After

  • 12 global companies in race to be part of modi s bullet

    12 global companies in race to be part of Modi's bullet train project

    March 22, 2015 15:48 IST

    New Delhi: Reputed companies from six countries, including France, Germany, Italy and China, have entered the race to become part of Prime Minister Narendra Modi's pet Diamond Quadrilateral bullet train project.Twelve international companies are bidding

  • expect psu banks to cut interest rates arun jaitley

    Expect PSU banks to cut interest rates: Arun Jaitley

    March 22, 2015 14:48 IST

    New Delhi: With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley today said he expects the lenders to cut interest rates soon."We do

  • india s economy likely to grow 8 in next fiscal report

    India's economy likely to grow 8% in next fiscal: Report

    March 22, 2015 14:27 IST

    Mumbai: The country's economy is likely to clock 8 percent growth in the next financial year and 8.3 percent in 2016-17, says a report."India is the only BRIC country, where growth will accelerate, to 8

  • black money law foreign property to be taxed at current

    Black money law: Foreign property to be taxed at current price

    March 22, 2015 12:54 IST

    New Delhi: Indians having undisclosed property abroad will have to pay tax and penalty on the basis of the current market value of the asset, and not at the purchase price, as per the new

  • cost of mining will go up miners on new mines law

    Cost of mining will go up: Miners on new mines law

    March 22, 2015 9:42 IST

    New Delhi: .The cost of mining is set to go up with the passage of the new mining Bill that mandates miners to pay more for project affected people, according to industry officials.Mines and Minerals

  • goair launches special offer with fares starting from rs.

    GoAir launches special offer with fares starting from Rs. 999

    March 22, 2015 7:00 IST

    New Delhi: Budget passenger carrier GoAir on Saturday launched its special mid-year offer with one-way fares starting from Rs. 999 across the airline's network of 22 cities.According to the airline, the tickets under the offer

  • private banks to hike fine charges from april 1

    Private banks to hike fine, charges from April 1

    March 21, 2015 11:54 IST

    New Delhi: With the start of new financial year many private banks have announced a hike in charges and penalties for customers.HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank are few names who

  • government likely to strip rbi of power to regulate govt

    Government likely to strip RBI of power to regulate govt bonds

    March 19, 2015 8:36 IST

    New Delhi: Government plans to strip the Reserve Bank of India's (RBI) of its power to regulate government bonds, but leave the Central bank in charge of other money market instruments, according to some media

  • improvement in banks asset quality to take time s p

    Improvement in banks' asset quality to take time: S&P

    March 18, 2015 17:36 IST

    New Delhi: Improvement in the asset quality of Indian banks and growth in credit offtake is likely to take more time as the problems in mining and infrastructure sector are yet to be resolved, global

  • natural gas price to be cut by 10 to usd 5.02/unit from apr

    Natural gas price to be cut by 10% to USD 5.02/unit from Apr 1

    March 18, 2015 13:52 IST

    New Delhi: Domestic natural gas prices are likely to be slashed by over 10 per cent to USD 5.02 per unit from April 1, hitting revenues of companies like ONGC and Reliance Industries.The prices of

  • ignoring raghuram rajan s 2005 prediction was a big mistake

    Ignoring Raghuram Rajan's 2005 Prediction Was a Big Mistake: IMF Chief

    March 17, 2015 23:29 IST

    Mumbai: Showering fulsome praise on Reserve Bank of India Governor Raghuram Rajan, International Monetary Fund chief Christine Lagarde on Tuesday said not listening to his prediction of 2008 credit crisis was a big mistake of

  • top 30 defaulters npas amount to rs 95 122 crore in psu

    Top 30 defaulters' NPAs amount to Rs 95,122 crore in PSU banks

    March 17, 2015 20:11 IST

    New Delhi: The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire non-performing assets of public sector banks as on December 2014."As per data

  • india s sugar production at 221.8 lakh tonne till mid march

    India's sugar production at 221.8 lakh tonne till mid-March

    March 17, 2015 18:44 IST

    New Delhi: The sugar mills in the country have produced 221.8 lakh tonne of sugar during the current season upto March 15, the Indian Sugar Mills Association (ISMA) said in a statement on Tuesday.This is

  • fdi doubles to usd 4.48 bn in january highest in 29 months

    FDI doubles to USD 4.48 bn in January, highest in 29 months

    March 17, 2015 19:29 IST

    New Delhi: Foreign direct investment (FDI) in India more than doubled to $4.48 billion in January, the highest inflow in last 29 months.In January, the country had received $2.18 billion in FDI. It was in

  • no new taxes proposed in bjp s first budget in haryana

    No new taxes proposed in BJP's first budget in Haryana

    March 17, 2015 16:09 IST

    Chandigarh: The BJP-led Haryana government today presented its Budget for the 2015-16 fiscal without proposing any new taxes.Presenting the first Budget of the Manohar Lal Khattar government, Finance Minister Capt. Abhimanyu said that as per

  • india has historic chance to grow don t obstruct fm to

    India has historic chance to grow, don't obstruct: FM to opposition

    March 17, 2015 16:26 IST

    New Delhi: With a number of key reforms bills stuck, government today appealed to the opposition not to play “obstructionist” as the country has the “historic opportunity” to grow and the GDP is expected to

  • indian refineries target mexico iraq for oil imports

    Indian refineries target Mexico, Iraq for oil imports

    March 17, 2015 12:36 IST

    New Delhi: India's total oil imports from its traditional suppliers Saudi Arabia and Iran saw a gradual reduction as Indian refiners are trying to diversify their procurement sources globally.The refiners have now stepped up purchases

  • high speed trains 1 km track to cost over rs. 100 crore

    High speed Trains: 1 Km track to cost over Rs. 100 crore

    March 17, 2015 12:51 IST

    New Delhi: Construction of one kilometre of high speed railway track will cost Rs. 100-140 crore and the country will need a total of Rs. 80,000 crore to lay the entire high speed train corridor,

  • rupee up 9 paise against dollar in early trade

    Rupee up 9 paise against dollar in early trade

    March 17, 2015 11:01 IST

    Mumbai: The rupee gained 9 paise to 62.72 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by banks and exporters amid lower dollar value

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