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  • india s forex reserves rise to 353 billion rbi

    India's Forex reserves rise to $353 billion: RBI

    October 17, 2015 18:57 IST

    Mumbai: A strengthening rupee, buoyant equity markets coupled with a fall in dollar value boosted India's foreign exchange (Forex) kitty by $2.26 billion, experts said on Saturday.Overall, the Forex reserves stood at $353.06 billion for

  • india proud to host india africa summit pm modi

    India proud to host India-Africa Summit: PM Modi

    October 17, 2015 12:05 IST

    New Delhi: Ahead of the India-Africa Summit, Prime Minister Narendra Modi today said India was proud to host the event which reflects a desire by the two sides to engage more intensively for a better

  • use of aadhaar to help in financial inclusion raghuram rajan

    Use of Aadhaar to help in financial inclusion:Raghuram Rajan

    October 15, 2015 23:33 IST

    Aizawl: RBI Governor Raghuram Rajan on Thursday welcomed Supreme Court ruling on use of Aadhaar card in more schemes and said it will help in financial inclusion drive and providing easy access to loans."The Supreme

  • govt to roll out transparent lpg cylinders to curb gas theft

    Govt to roll out transparent LPG cylinders to curb gas theft

    October 15, 2015 12:13 IST

    New Delhi: Amid regular complaints of anomalies in the quantity of LPG cylinders delivered by vendors , government is planning to bring  transparent cooking cylinders that would strongly diminish the chances of gas theft.The security

  • petrol diesel price may get dearer

    Petrol, diesel price may get dearer

    October 14, 2015 12:34 IST

    New Delhi: Petrol and diesel price are likely to get dearer ahead of the festivity season.Expert say that a Re 1.50 per litre hike in petrol and .50 paisa a litre increase in diesel prices

  • black money government plans software to track pan

    Black money: Government plans software to track PAN transactions

    October 13, 2015 21:53 IST

    New Delhi: Government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective

  • bank of baroda laundering case ed arrests hdfc official 3

    Bank of Baroda laundering case: ED arrests HDFC official, 3 others

    October 13, 2015 19:29 IST

    New Delhi: Four persons, including an HDFC bank employee, were today arrested by Enforcement Directorate (ED) under money laundering charges in the ₹6,000 crore suspicious remittances case at a Bank of Baroda (BoB) branch in

  • pipistrel open to make in india if more orders come

    Pipistrel open to 'Make in India' if more orders come

    October 13, 2015 18:48 IST

    New Delhi: Slovenian firm Pipistrel, which has signed a deal with the Defence Ministry here for 194 micro-light aircraft, may set up a manufacturing unit here if its gets the follow-on order or more business

  • india in goldilocks period fy16 gdp likely at 7.6 nomura

    India in Goldilocks period; FY16 GDP likely at 7.6%: Nomura

    October 14, 2015 0:02 IST

    New Delhi: India is in a Goldilocks period of low inflation coupled with gradual recovery and the country is expected clock a GDP growth rate of 7.6 per cent this fiscal year, says a report.According

  • industrial output rises to 3 yr high of 6.4 pc in august

    Industrial output rises to 3-yr high of 6.4 pc in August

    October 12, 2015 21:37 IST

    New Delhi: Showing signs of recovery, industrial output rose to nearly 3-year high of 6.4 per cent in August on improvement in manufacturing and capital goods while retail inflation remained with in comfort zone.The manufacturing

  • 90 funds in rs 6 100 crore black money transfer from 30

    90% funds in Rs 6,100 crore black money transfer from 30 banks: BoB

    October 12, 2015 19:29 IST

    New Delhi: Amid investigations into the allegations of black money transfers, state-owned Bank of Baroda today said the Rs 6,100 crore remittance amount being mentioned is exaggerated and the actual amount involved is much less

  • in a first us to hold investment roadshow in india

    In a first, US to hold investment roadshow in India

    October 12, 2015 16:25 IST

    Kolkata: The US' first-ever India roadshow will kick off tomorrow with an aim to attract Indian investors.Under the US Department of Commerce's 'SelectUSA' programme, the roadshow will be held from October 13-16 in Delhi, Mumbai,

  • infosys gives 200 percent interim dividend

    Infosys gives 200 percent interim dividend

    October 12, 2015 11:48 IST

    Bengaluru: Software major Infosys Ltd on Monday announced 200 percent interim dividend or Rs.10 for each share of Rs.5 at par for first six months (April-September) of this fiscal (2015-16)."The board of directors declared an

  • kingfisher airlines allegedly diverted portion of rs 4 000

    Kingfisher Airlines allegedly diverted portion of Rs 4,000 crore in loans to tax havens

    October 12, 2015 0:02 IST

    New Delhi: Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that

  • arun jaitley calls for reforms in world bank at global meet

    Arun Jaitley calls for reforms in World Bank at global meet

    October 11, 2015 20:49 IST

    Lima (Peru): Finance Minister Arun Jaitley has made a strong case for raising shareholding of developing nations including India in the World Bank Group to reflect their share in the global economy and demanded a

  • rbi net seller of dollars in august sells 1.559 bn

    RBI net seller of dollars in August, sells $1.559 bn

    October 11, 2015 13:20 IST

    Mumbai: After remaining net purchaser of dollars for the first four months of the current fiscal, the Reserve Bank sold a net of USD 1.559 billion in August in the spot market.RBI intervention in the

  • cbi searches bank of baroda branches for rs 6100 cr

    CBI searches Bank of Baroda branches for Rs 6100 Cr suspected black money transfer

    October 10, 2015 23:51 IST

    New Delhi : CBI today carried out searches at Bank of Baroda branches here in connection with the alleged Rs 6100 crore black money which was transferred to Hong Kong, in collusion with bank officials.Sources said searches were carried out

  • cabinet secretary holds meeting to review prices of onions

    Cabinet secretary holds meeting to review prices of onions, pulses

    October 10, 2015 8:44 IST

    New Delhi: Cabinet Secretary Pradeep Kumar Sinha on Friday reviewed the prices of essential commodities, especially onions and pulses, at a high-level meeting here, an official release said.It said that secretaries of several departments including

  • overtaking china india set to grow 7.5 percent in 2016 imf

    Overtaking China, India set to grow 7.5 percent in 2016: IMF

    October 10, 2015 12:25 IST

    Washington: Overtaking China, India is expected to grow at 7.3 percent in 2015, rising to 7.5 percent in 2016, the International Monetary Fund forecast Friday lowering its April projections by 0.2 percentage points for 2015.At

  • arun jaitley bats for automatic info exchange to tackle

    Arun Jaitley bats for automatic info exchange to tackle black money

    October 08, 2015 13:23 IST

    Lima (Peru) : Keen to put in place a system to prevent international tax evasion and avoidance, Finance Minister Arun Jaitley has made a strong pitch for countries to implement Common Reporting Standards on automatic

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