Business
PF Deposits to Earn Less Interest From Next Financial Year
The Employees Provident Fund Organisation (EPFO) has reduced the interest rate on Provident Fund deposits t0 8.65% from 8.8%, affecting the funds of over four crore subscribers.
GST Can be Rolled Out Anytime Between Apr 1-Sept 16, Says Jaitley
Amid signs of slippage of the April 1 Goods and Services Tax rollout target, Finance Minister Arun Jaitley on Saturday said that pending resolution of "turf" issues, GST is a transactional levy that unlike income tax can be implemented anytime during the...
Rupee Moves up 2 Paise Against Dollar
The rupee edged higher by 2 paise to 67.81 against the US dollar in early trade on Friday at the Inter-bank Foreign Exchange on fresh selling of the US currency by exporters.
No Reason to Review Independent Director Norms: SEBI Chief
Over the last ten days, speculations were rife that late Tamil Nadu chief minister Jayalaithaa's closest aide Sasikala could be the General Secretary of the AIADMK.
Federal Reserve Flags More Hikes; Asia Stocks, Currencies Wobble
Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.
Rupee Plunges 42 Paise Against Dollar
Rupee tumbled by 42 paise to 67.85 against the US dollar due to appreciation of the American currency globally as the US Fed hiked interest rate by a quarter percentage point and indicated more to come next year.
Rupee Recoups 9 Paise Against Dollar, Macro Data Help
After two straight days of fall, the rupee on Wednesday staged a mild recovery of 9 paise to 67.45 against the dollar following fresh selling of the US currency by banks and exporters amid positive economic data.
Boeing Slows 777 Aircraft Production With job Cuts Possible
Aviation giant Boeing has said it was cutting production of its 777 aircraft to five a month from seven due to slackening demand, in a move that will impact jobs.
RBI Asks Banks to Maintain Records of New Currency
The Reserve Bank on Monday directed banks to keep a record of new bank notes in view of seizures by Income Tax Department and other law enforcement agencies of large quantities of high denomination notes.
Berlin-based Delivery Hero Acquires Foodpanda
Berlin-based online food takeaway service Delivery Hero Holding GmbH has acquired online marketplace for food delivery foodpanda for an undisclosed amount.
Industrial Output in Negative Zone, Contracts by 1.9% in October
Industrial output slipped into negative territory with a contraction of 1.9 percent in October mainly due to sharp decline in production of capital goods and poor performance of manufacturing sector.
GST Council May Reduce Tax Slabs in Future: CBEC Chief
Shah said that the GST Council has to take into consideration the range of products under GST and the political compulsion of every state while taxing them.
RBI Keeps Interest Rates Unchanged, Lowers Growth Forecast in First Monetary Policy Review After Demonetisation
The Reserve Bank of India has kept its benchmark interest rate unchanged, going against the expectations of a rate cut to boost the economy.
Gold Imports in November Highest in 2016, Suggests Black Money was Converted
Indians are known for their love for gold, but this surge in imports of the yellow metal in November cannot be explained by just that... A staggering 100 tons of gold were imported during the month that demonetisation was announced, lending credence to th...
Rupee Gains 9 Paise Against Dollar in Early Trade
The rupee firmed up 9 paise to 68.56 against the dollar in early trade today, rising for the second straight day on increased selling of the US currency by exporters and banks.
Legal Tender Deposits Will Lead to Higher Bank Withdrawals: RBI
This will stand true for any amount of large deposits in legal tender made from Tuesday, the official said.
