Reliance Jio to join hands with US handset company Flex for smartphone production
Reliance Jio Infocomm is in talks with US contract manufacturer Flex for locally producing about 100 million mobile phone handsets. Mukesh Ambani-owned telco seeks to rapidly enhance its market share by signing on the majority of those users now using…
Petrol price hiked, Diesel price at reduced
Petrol price witnessed a 5 paise raise on Saturday while diesel prices dropped to the lowest level in this fiscal year. International crude oil prices are now stabilising after nearly 30 per cent fall in last two months. In the…
Maintain 25000 to get unlimited ATM transactions or just settle for 8 transaction per month with SBI
State Bank of India (SBI) allows free transactions to its customers at ATMs for 8-10 times in a month. Maintaining a certain minimum balance in your account, you can do unlimited transactions at SBI ATMs and even at other bank…
‘Johnson & Johnson knew for decades about asbestos in its baby powder’
Global pharmaceutical giant Johnson & Johnson knew for decades that its baby powder contained asbestos, leading news agency said in a report on Friday. According to leading news agency investigation, comes in the backdrop of the multiple lawsuits that the…
Formar RBI governer Raghuram Rajan provides solution for ‘farm loan problems’
Former Reserve Bank of India governor and economist Raghuram Rajan says it is not a solution to the long-festering distress in the sector. Fiscal transfers in terms of loan waivers, Mr Rajan suggests, are not the best way of addressing…
Nifty hovers around 10,800, Rupee opens at 71.68 per dollar
Indian stocks saw a smooth landing for the third straight day, as easing inflation and a robust IIP print cheered market players.Benchmark indices are trading flat with Nifty is below 10,800 level. At 11:03 hrs IST, the Sensex is up 7.45…
Income Tax Department warns of phishing attacks via fake IT returns SMS
Income Tax department of India has warned people about a new phishing scam being shared via SMS, which promises a refund for tax returns. The income tax department has also sent out emails to all registered users, warning them to…
FM Arun Jaitley admits areas of differences’ between Centre, RBI
Finance minister Arun Jaitley Thursday accepted about the differences with RBI He accepted that there are two-three areas of differences with the Reserve Bank (RBI), but questioned how a mere discussion on its functioning could be considered “destruction” of an…
GST evasion worth Rs 12,000 crore detected between April-November
Government has detected GST evasion worth Rs 12,000 crore in 8 months till November, a senior tax official said on Wednesday. Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill…
Rupee Falls 32 Paise to 72.17 Against US Dollar in Early Trade
Rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India. Das Tuesday was named the…
Gold prices rise again today, silver rates surge
Gold prices today rose by Rs 155 to Rs 32,650 per 10 grams at the bullion market while silver prices surged by Rs 425 to Rs 38,575 per kg on strong demand from industrial units and coin makers. Gold prices…
Flipkart to be a market leader in e-commerce with furniture, groceries online
Walmart-controlled online retailer Flipkart has transaction growth of more than 80% in some months as e-commerce is booming again in the country, and the company plans to push newer categories such as furniture and groceries over the next three years….
No GST on flats with completion certificate: Finance Ministry
Finance ministry Saturday said GST will not be levied on buyers of real estate properties for which completion certificate is issued at the time of sale. However, Goods and Services Tax (GST) is applicable on sale of under-construction property or…
Sensex nosedives over 600 points, Nifty breaks 10,500
Sensex plunging 600 point slower. The Nifty is testing 10,500. The Sensex is down 600.31 points or 1.68% at 35072.94, and the Nifty down 190.20 points or 1.78% at 10503.50. The market breadth was negative as 267 shares advanced, against…
Gold Prices Climb By Rs. 250, Silver Gains Rs. 800
Gold prices climbed by Rs. 250 on Saturday to close at Rs. 32,350 per 10 grams at the bullion market. Silver rates gained Rs. 800 to close at Rs. 38,500 per kg on higher demand from industrial units and coin makers. On Friday, gold prices slipped by Rs. 20 to close…
Indian Railways creates world history! Diesel locomotive converted to electric
In a first of its kind notable initiative, Piyush Goyal-led Indian Railways has decided to convert its diesel locomotives to electric traction during their midlife rehabilitation. One such diesel locomotive has been converted to electric in a record time of…
India has retained its top spot on remittances with USD 80 Billion: World Bank
India will retain its position as the world’s top recipient of remittances this year with the Indian community sending a whopping USD 80 billion back home, the World Bank said in a report on Saturday. India is followed by China…
UK halts ‘golden visa’ -‘ Investor visa’ over money-laundering concerns
A ‘golden visa’ that allows Indian and other foreign investors to migrate to the UK with at least £2 million is being halted from Friday over concerns over money-laundering and organised crime, official sources in London said on Thursday. Launched…
Rupee gains 35 paise Vs dollar in early trade
Indian rupee gained in the early trade on Friday. It opened higher by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar. Rupee weakened sharply against the US dollar ahead of the important OPEC meeting that…
Rupee Slips By 26 Paise/Dollar, Repo rate kept unchanged at 6.5%
Rupee lost 26 paise against the US dollar in early trade on Wednesday ahead of the outcome of the fifth bi-monthly policy review of Reserve Bank of India. Investors were treading the cautious path ahead of the RBI policy decision….
3 new PAN rules got effective : CHECK
Application for PAN is to be made in Form 49A for Indian nationals and Form 49AA for foreign nationals. Honourable Supreme Court judement also confirms that Aadhaar is mandatory for filing of ITR and allotment of PAN. Form 49A, therefore,…
Police file chargesheet against 129 for drinking liquor at wedding party in 2016 Akhand farmhouse raid
It has been two years after police raided a wedding party at Akhand farmhouse near Vadodara City and arrested 260 people under prohibition law for alleged alcohol consumption, police on Tuesday filed a 1099-page chargesheet, charging 129 persons, including 50…
Sensex down 200 pts, Nifty 10,800
Sensex slipped below 36,000 level, while Nifty is trading around 10,800 level. Indiabulls Housing, Tata Motors DVR, Adani Power, Zee, Bharat Forge, Kesoram Industries and DHFL are trading lower, while Jet Airways, ONGC, Adani Ports are trading higher. The Sensex…
RBI to inject Rs 10,000 cr through open market operations on Thursday
Reserve Bank of India (RBI) said it would inject Rs 10,000 crore into the system through purchase of government securities on December 6 to increase liquidity. The purchase will be made through open market operations (OMOs). “Based on an assessment…
Reliance Jio and WhatsApp are teaming up
World’s fastest-growing major internet market. Facebook Inc., WhatsApp’s parent, and India’s richest man, who started Reliance Jio, are teaming up to draw hordes of customers with cheap phones, rock-bottom rates and handy messaging services. Facebook’s role in all this is…
Govt clears Rs 91,149 cr GST refunds to exporters so far; Rs 6,053 cr still pending
Finance ministry said Rs 91,149 crore has been issued so far to exporters as GST refunds, which are 93.77 percent of total claims with the tax authorities. In a statement, the ministry said Rs 6,053 crore worth GST refund is…
Nifty around 10,850, Sensex down 100 points
Benchmark indices are trading firm in the pre-opening trade with Nifty is above 10,900 level. At 09:01 hrs IST, the Sensex is up 103.07 points or 0.28% at 36344.07, and the Nifty up 19.50 points or 0.18% at 10903.30. Sun…
WhatsApp seeks nod to expand payment services to all users
WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the government over spread of…
Sensex up over 100 points; Nifty trades near 10,900
Equity benchmarks are marginally off their day’s highs. The Nifty has continued to hold 10,900, while the Sensex is up over 150 points. The Sensex is up 178.31 points or 0.49% at 36372.61, while the Nifty is higher by 43.00…
Petrol cheapest in 8 months, diesel in 3 months
Diesel is now at its cheapest in the last 3 months while petrol price is at an 8-month low level. Petrol price was today cut down by 33 paise and diesel by 36 paise. Petrol price is now below the…