New Delhi: NSEL Investors Forum Wednesday hoped that the arrest of FTIL chief Jignesh Shah will help in early recovery of funds in the Rs 5,600-crore payment scam at the spot exchange.NSEL Investors Forum represents
Mumbai: The rupee rose to above 60-level at 59.96 against the dollar but surrendered the gain to settle the day lower by a marginal two paise at 60.13 as a sudden demand for the US
Mumbai: The Financial Technologies and Multi-Multi Commodities Exchange (MCX) promoter Jignesh Shah was arrested today by the EoW of Mumbai Police for his alleged involvement in the Rs 5,600-crore National Spot Exchange Limited (NSEL) scam.“We
Ahmedabad: The Gujarat High Court dimissed petitions against stock market regulator SEBI's notification which had made it mandatory for Regional Stock Exchanges (RSEs) to have a minimum net worth of Rs 100 crore and an
New Delhi: Children older than 10 years can now open a savings bank account without the help of their parents or guardians.As per a recent directive by the Reserve Bank of India (RBI), banks were
Mumbai: Mortgage lender Housing Development Finance Corporation (HDFC) Tuesday said its net profit increased by 10.79 percent to Rs.1,723.10 crore for the quarter ended March 31, 2014.The company had posted Rs.1,555.21 crore profit in the
Mumbai: The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan.According to a statement released by the RBI Tuesday,
Mumbai: The Reserve Bank today asked banks not to levy penalties on customers who don't maintain a minimum balance in any inoperative account as part of a consumer protection initiative.“It is advised that henceforth banks
Mumbai: The rupee today gained 10 paise to end the day at 60.11 against the dollar on fag-end selling of the US currency by banks and exporters .The rupee resumed higher at 60.10 as against
New Delhi: Retirement fund body Employees' Provident Fund Organisation (EPFO) today said it has settled 98 per cent claims including withdrawal and transfer of PF within mandated 30 days period in April. “In the claims settlement
New Delhi: State-owned Canara Bank on Monday recorded 15.8 percent decline in net profit at Rs 610.83 crore for the fourth quarter ended March, 2014. The Bangalore-based lender had a net profit of Rs 725.38 crore
New Delhi: Continuing his tirade against proposed carriers AirAsia India and Tata-SIA Airlines, BJP leader Subramanian Swamy has urged the Election Commission to restrain DGCA from giving flying licences to them till a new Government
New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to
Hyderabad: India's Current Account Deficit (CAD) is likely to be around 2 per cent of GDP in the coming few years due to slackening of gold imports, among other factors, Prime Minister's Economic Advisory Council
New Delhi: The controversial proposal of HDFC Bank to hike foreign holding is likely to be taken up by the Foreign Investment Promotion Board (FIPB) at its meeting on May 13. Sources said the proposal would
New Delhi: Country's economic growth will improve in the coming quarters, but the pace is likely to be gradual due to persistent challenges such as elevated inflation and policy uncertainty, says a report.According to Deloitte's
New Delhi: Allaying fears that the withdrawal of fiscal stimulus programme in the US will impact foreign investments into India, a Finance Ministry report has said the country is an attractive destination on its own
New Delhi: India's services sector received foreign direct investment (FDI) of $2.18 billion during April-February period of financial year 2013-14, down 54 per cent compared with figures of the corresponding period a year ago. Services such
New Delhi: The price of compressed natural gas (CNG) in the national capital was Friday hiked by Rs.2.95 per kg, and that of piped cooking gas (PNG) by Re.1 per standard cubic metre (scm) due
New Delhi: The fiscal deficit for 2013-14 is likely to be around 4.5 per cent of the gross domestic product, marginally lower than 4.6 per cent that was mentioned in the interim budget for FY15,
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