New Delhi: Fund raising by Indian firms through private placement of debt securities fell to Rs. 20,782 crore in January, down 14 per cent month-on-month.The funds were raised primarily for business expansion and meeting capital
New Delhi: Car sales in India fell for the fourth straight month in January this year with a decline of 7.59 per cent, prompting industry body SIAM to seek government support in the upcoming interim
New Delhi: The Planning Commission has circulated a Cabinet note seeking to implement the recommendations of the B.K. Chaturvedi Committee to ensure coal supply for captive power plants (CPPs).The note for consideration of the Cabinet
New Delhi: India's exports rose 3.79 per cent to $26.75 billion in January, helping the trade deficit to narrow to $9.92 billion.For the April-January period, exports were up 5.71 per cent to $257.09 billion.Commerce Secretary
New Delhi: The Delhi chief minister Arvind Kejriwal today ordered the Anti-Corruption Bureau to file FIRs against Petroleum Minister Veerappa Moily, former Petroleum Minister Murli Deora, Reliance Industries Ltd, its chairman Mukesh Ambani and V
New Delhi: Telecom companies have put in bids worth Rs 58,332 crore in spectrum auction at the end of 49 rounds on the 7th day of bidding today.The amount is about 86 per cent of
New Delhi: Operations at public sector banks are likely to be impacted as employee unions have decided to go on a two-day nation-wide strike from today to press for wage revision. During the conciliation meeting held
New Delhi: Decline in growth rate has bottomed out and there is a probability that the GDP estimate for 2013-14 may be revised upwards, Prime Minister's Economic Advisory Council Chairman (PMEAC) C Rangarajan said on
New Delhi: Finance Minister P Chidambaram today expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent.“I am confident that the final estimate
Mumbai: The rupee today appreciated by 14 paise to 62.43 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.Forex dealers said a
New Delhi: The Coal Ministry has asked Tenughat Vidyut Nigam Ltd (TVNL) to furnish a bank guarantee of Rs 241.92 crore for delaying production from one its coal mines in Jharkhand, failing which the mine
New Delhi: Prime Minister Manmohan Singh has approved composition of the 7th Pay Commission, which will revise the salaries of over 50 lakh central government employees.“The Prime Minister has approved the composition of the 7th
New Delhi: Milk supplier Gopaljee Ananda will increase prices by Rs 2 a litre across all variants with effect from tomorrow due to a rise in procurement costs.Gopaljee has decided to raise milk prices three
Mumbai: After the January 28 rate hike by the Reserve Bank, private sector lender Kotak Mahindra Bank today took the lead over its larger peers by raising deposit rates by 25 basis points on select
Mumbai: Crisis-ridden National Spot Exchange (NSEL) today said e-Series investors could realise their funds once approvals from Forward Markets Commission (FMC) and the courts are in place.It is expected that investors in e-Series units will
New Delhi: The much-awaited second generation (2G) spectrum or airwave auction for the 900 MHz and 1,800 MHz bands began Monday.Eight telecom service providers - Reliance Communications, Reliance Jio, Bharti Airtel, Vodafone, Telewings, Aircel, Tata
New Delhi: Terming the increase in quota of subsidised LPG as “misdirected subsidies”, RBI Governor Raghuram Rajan today said the move will end up benefiting people who can afford to pay market rates.“...what one should
Mumbai: The Reserve Bank today allowed banks to refinance existing infrastructure project loans through take-out financing agreements with any financial institution. “Banks can refinance their existing infrastructure project loans by entering into take-out financing agreements
Mumbai: In a major respite to banks who are facing NPA problems, the Reserve Bank today said restructuring of a bad loan should be done in such a manner that shareholders, including promoters, bear the
Mumbai: Reserve Bank today said all pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline.“All older series of banknotes issued prior
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