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  • how india s tax system helps heavily taxed cigarettes

    How India's tax system helps heavily taxed cigarettes flourish

    September 02, 2015 13:46 IST

    New Delhi: In March 2015 - in response to a drop in sales as taxes more than doubled over four years - India's leading cigarette company ITC Ltd. shortened its discount Bristol-brand cigarettes by 5

  • bharat bandh affects clearing business at banks

    Bharat Bandh affects clearing business at banks

    September 02, 2015 13:08 IST

    New Delhi: Normal working at banks was affected today due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away

  • oil prices plummets after three day gain

    Oil prices plummets after three- day gain

    September 02, 2015 11:04 IST

    New York: Oil prices plummeted Tuesday after a three-day's big gain.Market tumbled as a renewed selloff around the world's equity markets made investors nervous, Xinhua news agency reported.Chinese shares slumped for a second day on

  • factory output growth slips in august all eyes on rbi for

    Factory output growth slips in August; all eyes on RBI for rate cut

    September 02, 2015 7:03 IST

    New Delhi: Manufacturing sector grew at a slower pace in August as order flow turned sluggish and forced the companies to cut prices, a business survey showed on Tuesday, adding to the clamour for interest

  • india inc calls for rbi rate cut after gdp factory output

    India Inc calls for RBI rate cut after GDP, factory output data

    September 02, 2015 9:15 IST

    New Delhi:  The first quarter GDP data on Monday showing the growth rate slipping to 7 percent has provoked calls from India Inc for an interest rate cut by the Reserve Bank of India."While the

  • no retrospective mat on fiis government accepts panel report

    No retrospective MAT on FIIs; government accepts panel report

    September 01, 2015 21:16 IST

    New Delhi: In a big relief to FIIs, the government today accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.Finance Minister Arun Jaitley

  • oil companies slash jet fuel price by 11.7 per cent

    Oil companies slash jet fuel price by 11.7 per cent

    September 01, 2015 12:50 IST

    New Delhi:  ATF or jet fuel price was today slashed by a steep 11.7 per cent while rates of non-subsidised cooking gas LPG were reduced by Rs 25.5 per cylinder in line with dip in

  • adoption of cloud computing is the next step of digital

    Adoption of cloud computing is the next step of Digital India

    September 01, 2015 11:10 IST

    New Delhi: Government of India has initiated a giant leap towards transforming the country into a digitally empowered knowledge economy.During the E-tech India Summit 2015, government officials and IT industry experts echoed that with right

  • ratan tata invests in data analytics firm

    Ratan Tata invests in data analytics firm

    September 01, 2015 6:11 IST

    Bengaluru:  Tata Sons chairman emeritus Ratan Tata invested an unspecified amount in the US-based Infinite Analytics, a predictive data analytics firm from MIT, with sales operations in India, the company said on Monday."We have received

  • economic growth slows to 7 in april june quarter

    Economic growth slows to 7% in April-June quarter

    August 31, 2015 20:46 IST

    New Delhi: Reflecting a muted performance, the GDP growth slowed to 7 per cent in the April-June quarter, from 7.5 per cent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.A slower

  • govt plans to introduce 2 kg cooking gas cylinder for poor

    Govt plans to introduce 2 kg cooking gas cylinder for poor and needy

    August 31, 2015 8:12 IST

    New Delhi: The government plans to make available 2 kg cooking gas cylinders, Petroleum Minister Dharmendra Pradhan said on Sunday while launching the facility of online booking of new cooking gas connections."We are now planning

  • bse increases lot size of foreign index derivatives

    BSE increases lot-size of foreign index derivatives contracts

    August 30, 2015 12:40 IST

    Mumbai: Leading bourse BSE has decided to revise upwards market lot sizes of equity derivatives contracts based on foreign indices—FTSE/JSE Top 40, iBovespa, Micex and Hang Seng.The move is in line with market regulator Sebi's

  • centre identifies 305 cities under housing for all scheme

    Centre identifies 305 cities under 'Housing for All' scheme

    August 30, 2015 9:57 IST

    New Delhi: The government has identified 305 cities and towns across nine states for implementation of its ambitious ‘Housing for All' scheme.As many as 305 cities and towns have been identified in nine states for

  • rbi governor hints at interest rate cuts

    RBI governor hints at interest rate cuts

    August 30, 2015 9:32 IST

    Washington: Reserve Bank of India (RBI) Governor Raghuram Rajan has not ruled out cutting interest rates in India for a fourth time, admitting that the world's central problem is continued slowing economic growth."We'll look at

  • rbi likely to keep repo rate unchanged sbi chairman

    RBI likely to keep repo rate unchanged: SBI chairman

    August 29, 2015 7:54 IST

    Mumbai:  State Bank of India chairman Arundhati Bhattacharya today said RBI is likely to keep repo rate unchanged in the September monetary policy review due to the uncertainty in the markets and a volatile rupee."Overall,

  • citi mobile challenge begins in india

    Citi Mobile Challenge begins in India

    August 28, 2015 8:40 IST

    Bengaluru: Financial products and services company Citi on Thursday announced Citi Mobile Challenge aimed at creating a platform for innovation to flourish in India with focus on mobile innovation in banking, payments and e-commerce ecosystemThe

  • cci clears future group bharti retail s rs 750 crore deal

    CCI clears Future Group-Bharti Retail's Rs 750-crore deal

    August 28, 2015 7:48 IST

    New Delhi:  Competition commission has given a green light to the proposed Rs 750-crore multi-tier merger deal between Future Group and Bharti Retail.The transaction, a major consolidation in the Indian supermarket business, would create a

  • monsoon still a concern though initial fears allayed rbi

    Monsoon still a concern though initial fears allayed: RBI

    August 28, 2015 5:08 IST

    New Delhi:  While the monsoons so far have been able to diminish the fear of another year of drought, it still remains a concern for the country's growth prospect as well as its inflation outlook,

  • paytm to launch financial services business

    Paytm to launch financial services business

    August 27, 2015 13:21 IST

    Paytm, one of india's largest mobile commerce platform, is offering additional services for the benefit of its customers. It is all set to enter into the financial services business over the next two weeks. The

  • an app to help you file tax returns is on its way

    An app to help you file tax returns is on its way

    August 27, 2015 10:46 IST

    New Delhi: The Central Board of Direct Taxes (CBDT) is looking for a way to come up with a mobile app that is likely to let users check their tax account .Users can use this

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