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  • jaitley asks bank employees not to participate in strike

    Jaitley asks bank employees not to participate in strike

    February 21, 2015 21:34 IST

    New Delhi: Finance Minister Arun Jaitley Saturday appealed to the public sector banks (PSB) employees not to participate in a proposed four-day strike later this month.According to the finance ministry, Jaitley has made an appeal

  • forex reserves hit new record high at usd 333 billion

    Forex reserves hit new record high at USD 333 billion

    February 21, 2015 17:24 IST

    Mumbai: India's foreign exchange reserves have hit a fresh high, rising by USD 2.956 billion to USD 333.169 billion in the week to February 13, helped by a healthy increase in foreign currency assets.  In

  • sbi to finance small tea growers in north east

    SBI to finance small tea growers in North East

    February 21, 2015 16:29 IST

    Jorhat: State Bank of India (SBI) will provide finance totaling Rs 100 crore benefiting 3,000 small tea growers in the North East soon, a senior official of the public sector bank said today.Finance will be

  • pre budget expectations cheer markets sentiment to continue

    Pre-budget expectations cheer markets, sentiment to continue

    February 21, 2015 14:13 IST

    Mumbai: Positive global and domestic cues coupled with strong expectations of further reforms in the upcoming budget led a benchmark index of Indian equities markets to gain 136.48 points or 0.46 percent during the week

  • gandhi asks banks to brace for high attrition levels

    Gandhi asks banks to brace for high attrition levels

    February 20, 2015 17:00 IST

    Mumbai: With the banking sector being thrown open to niche as well as more private players, RBI deputy governor R Gandhi today warned the industry to brace for higher attrition, being already faced by highly

  • videocon launches wi fi enabled ac range at rs 36 000

    Videocon launches Wi-Fi enabled AC range at Rs 36,000 onwards

    February 20, 2015 16:08 IST

    Mumbai: Home-grown consumer durables major Videocon has launched its first ever Wi-Fi AC range for the Indian market. The new ACs can be controlled from anywhere in the world using a smartphone app.Videocon claims that

  • states to gain by rs.15 lakh crore from coal auctions goyal

    States to gain by Rs.15 lakh crore from coal auctions: Goyal

    February 19, 2015 21:37 IST

    New Delhi: On the sixth day of coal blocks auction Thursday, Coal and Power Minister Piyush Goyal said the ongoing auction, as well as the allocation, of the mines will fetch the respective home states

  • bank unions seek government intervention to settle wage

    Bank unions seek government intervention to settle wage revision

    February 19, 2015 17:16 IST

    Chennai: The central government's intervention in early settlement of wage revision, timely appointment of workmen directors, and merger of regional rural banks (RRB) with their sponsors were some of the demands submitted by two bank

  • india inc to get a 10.6 salary hike in 2015 aon hewitt

    India Inc to get a 10.6% salary hike in 2015: Aon Hewitt

    February 19, 2015 15:49 IST

    New Delhi: In the 19th edition of its Annual Salary Increase Survey in India, global talent, retirement and health solutions provider Aon Hewitt has projected a 10.6 percent salary increase for India Inc. in the

  • mf industry seeks tax sops in budget

    MF industry seeks tax sops in budget

    February 19, 2015 15:26 IST

    New Delhi: The country's mutual fund industry is seeking tax sops from the forthcoming Union Budget."The industry has asked for separate concession over and above the Rs 1.5 lakh deduction under section 80C for ELSS

  • kalyani group rafael form jv to make missile technology

    Kalyani Group, Rafael form JV to make missile technology, defence systems

    February 19, 2015 15:19 IST

    New Delhi: Prime Minister Narendra Modi's desire to boost domestic defense manufacturing got a fillip today with Israel's Rafael Advanced Defense Systems Ltd. announcing that it will make arms in India with Kalyani Group.Last year

  • rbi right in lifting ban on importing gold coins

    'RBI right in lifting ban on importing gold coins'

    February 19, 2015 14:34 IST

    New Delhi: The World Gold Council (WGC) Thursday said the RBI's decision to lift a ban on import of gold coins and medallions by banks and allowing them to import gold on a consignment basis

  • fitch expects many reforms in budget

    Fitch expects many reforms in budget

    February 19, 2015 12:08 IST

    New Delhi: Expecting a slew of reforms in the upcoming Union Budget, global rating agency Fitch has said any deviation from fiscal consolidation path could be a negative for its investment grade rating for India.Fitch

  • coal auction hindalco bags one more

    Coal auction: Hindalco bags one more

    February 19, 2015 12:03 IST

    New Delhi: Aditya Birla group firm Hindalco Industries has won the Gare Palma IV/5 mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements, which were also vying for the same block."Gare Palma

  • sebi slaps rs 18 lakh fine on 8 cos including asian alloys

    Sebi slaps Rs 18 lakh fine on 8 cos including Asian Alloys and Mideast, Western Foods, B P Alloys

    February 18, 2015 19:31 IST

    New Delhi: Market regulator Sebi has slapped a total fine of Rs 18 lakh on eight companies for failing to obtain registration with its online complaint system as well as not resolving pending investor grievances

  • pm modi had lucky 9 months but optimism not translating

    PM Modi had 'lucky 9 months' but optimism not translating into revenues, says Deepak Parekh

    February 18, 2015 19:32 IST

    New Delhi: Pitching for relaxing "administrative controls" to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in

  • rail freight earnings up by over 12

    Rail freight earnings up by over 12%

    February 18, 2015 18:53 IST

    New Delhi: Railways generated Rs 86,009.27 crore from freight traffic during the April 2014-January 2015 period as compared to Rs 76,501.01 crore during the corresponding period last fiscal, registering an increase of 12.43%.Railways carried 906.36

  • tax benefits likely for investments in swachh bharat clean

    Tax benefits likely for investments in Swachh Bharat, Clean Ganga

    February 18, 2015 18:16 IST

    New Delhi: Finance Minister Arun Jaitley is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga campaign as part of mandatory two per cent CSR

  • budget 2015 incentives for manufacturing of mobile laptops

    Budget 2015: Incentives for manufacturing of mobile, laptops on anvil

    February 18, 2015 17:41 IST

    New Delhi: The government is planning to come up with an incentive package in the upcoming Budget to encourage manufacturing of electronic hardware including mobile phones and laptops as part of the 'Make in India'

  • india to unveil more reforms in new budget this month

    India to unveil more reforms in new budget this month: Sushma Swaraj

    February 18, 2015 13:31 IST

    New Delhi: The new Indian government will unveil more reforms in the coming days, including in the forthcoming budget this month to woo foreign investment and make India a manufacturing destination, External Affairs Minister Sushma

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