In a move that should come as a cheer for home loan borrowers, mortgage lender HDFC Ltd today lowered its lending rates by 0.15 per cent for its existing customers. The company reduced its Retail
Finance Minister Arun Jaitley will announce the third full Budget of the NDA government on February 1. Following the demonetisation drive, the 2017 Budget will be burdened by expectations that it will revive the struggling economy.
The Cabinet Committee on Economic Affairs on Wednesday has given its green signal to go ahead with the listing of five public sector general insurance companies in the stock exchanges. Finance Minister Arun Jaitley said
Cairn India has received a go-ahead from a committee under the Ministry of Environment, Forests and Climate Change for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at
Tata Motors Ltd has appointed group chief designate N Chandrasekaran as its chairman with immediate effect. In a regulatory filing on Tuesday, Tata Motors said: “The board of directors have appointed Natarajan Chandrasekaran as additional
The Directorate General of Civil Aviation (DGCA) on Tuesday said that India’s domestic air passenger traffic zoomed by 23.18 per cent in 2016 to 998.88 lakh. "Passengers carried by domestic airlines in 2016 were 998.88
Reliance Jio Infocomm Limited (RJIL) on Monday said that the customer-base has already crossed 72.4 million as of December 31 but did not commit itself to meet the 100-million target by March when its second
Cutting India’s growth rate by one percentage point due to the "temporary negative consumption shock" of demonetisation, the International Monetary Fund (IMF) predicted it to be 6.6 per cent for the current fiscal year.
The April 1 deadline for rolling out the Goods and Services Tax was ruled out today as the stalemate over administration of the new tax regime continued, with Finance Minister Arun Jaitley setting up July 1 as the next possible deadline.
Further lessening the demonetisation woes, the Reserve Bank of India today raised the ATM withdrawal limit from Rs 4,500 to Rs 10,000 per day. “The limit on withdrawals from ATMs has been enhanced from the
A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank's affairs, the Finance Ministry today said that it fully respects
Staging a protest against operational “mismanagement” post demonetisation decision, the Reserve Bank of India (RBI) officials on Friday wrote to Governor Urjit Patel. In a letter, they said autonomy and image of RBI has been
In connection with the alleged irregularities in procurement of software worth Rs 225 crore in 2011, the Central Bureau of Investigation (CBI) has registered a case against unknown officials of Air India, German firm SAP
State-run general insurer National Insurance Company Ltd has collected a massive Rs 800-900 crore as premium under the Pradhan Mantri Fasal Bima Yojana (PMFBY), a top official said today. "We are not part of the
In complete contradiction to the view of its chairman K.V. Thomas, the Public Accounts Committee (PAC) of Parliament today decided that Prime Minister Narendra Modi will not be summoned over the demonetisation issue. The development
In a bid to incentivise digital transactions and discourage large withdrawals, the Narendra Modi government is considering a proposal to impose cash tax in the upcoming Union Budget. The government may tweak an earlier banking
India’s largest software services firm Tata Consultancy Services (TCS) today announced Rajesh Gopinathan as its new MD and CEO. Gopinathan is currently the Chief Financial Officer (CFO) and vice-president of TCS and will succeed the
The largest Internet-based retailer on the planet Amazon today pulled back Indian flag themed door mats after a warning from external affairs minister Sushma Swaraj that India will not issue visa to the officials of
Union Budget 2017 Basics: Know these 15 accounting and budgeting terms might make it easier to understand the union budget 2017. Balanced budget , Budgetary deficit, Finance bill , Indirect taxes , Customs duties.
The ongoing 'Vibrant Gujarat Global Summit' has met with an overwhelming response with over 24,000 MoUs (Memorandum of Understanding) signed including some big-ticket agreements worth thousands of crores of rupees. Day two of the
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