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India, Belarus set $1 bn Bilateral Trade Target by 2018
New Delhi, Sep 8: India and the east European nation of Belarus have agreed to step up bilateral trade to reach a volume of $1 billion by 2018, an official statement said here on Tuesday.
This was agreed on at the seventh meeting of the…
Prime Minister Modi discusses Global Economic Slowdown
New Delhi, Sep 8: Prime Minister Narendra Modi on Tuesday met union ministers, corporate heads and economists to discuss global markets' turmoil sparked off by the Chinese economic slowdown and attendant opportunities for India.
"The…
RBI cancels Sahara India’s Para-Banking License
Lucknow, Sep 8: In a fresh setback to the beleaguered Sahara India Pariwar, the Reserve Bank of India (RBI) has cancelled the license of its holding company Sahara India Financial Corporation Limited (SIFCL), officials said on Tuesday.…
BSE Sensex, Nifty open lower in Morning Trade
Mumbai, Sep 8: A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) on Tuesday opened lower and was trading at 24,923.04 points some 30 minutes after the opening bell.
The wider 50-scrip…
BSE Sensex closes over 308 Points down
Mumbai, Sep 7: Negative cues from Asian markets, expectations of a US rate hike, weakening monsoon and a falling rupee eroded investor confidence on Monday leading to a barometer index provisionally closing over 308 points down.
The…
Toshiba Corporation logs $317.7 million Net Loss in FY 2014
Tokyo, Sep 7: Japan's Toshiba Corporation logged 37.83 billion yen (about $317.7 million) group net loss for the past fiscal year through March due to asset impairment charges and other losses, local media reported on Monday.
The…
Gujarat seized 87,47,820 Counterfeit Notes in 2014
New Delhi, Sep 6: Gujarat tops the list of five Indian states that are considered the "safest" for circulating counterfeit currency notes - allegedly pushed in by Pakistan's Inter-Services Intelligence (ISI) agency - according to the latest…
7 New Features, Numbering System to check Fake Currency
New Delhi, Sep 6: To check the menace of fake Indian currency, new notes, especially the Rs.1,000 and Rs.500 denominations, will have 7 new security features and a new numbering system, official sources here said on Sunday.
The Reserve…
RBI’s defence of Rupee depletes Forex Reserves by $3.40 bn
Mumbai, Sep 5: The central bank's attempts to arrest the rupee's fall, strengthening of the dollar and a rise in global crude oil prices dipped India's foreign exchange (Forex) reserves by $3.43 billion to $351.92 billion in the week ended…
Honda launches Celebration Edition of Amaze, Mobilio
New Delhi, Sep 4: Automobile manufacturer Honda Cars India Ltd (HCIL) on Friday launched celebration models of two cars - Amaze and Mobilio - to celebrate the upcoming festive season.
"We are delighted to introduce the new 'celebration…