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BSE Sensex up over 100 Points; IT Stocks rise
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), made healthy gains during the pre-afternoon trade session on Wednesday. It was trading with gains of over 100 points during the session under review.…
Environment Ministry to colour code Industries: Javadekar
India's environment ministry has sought to classify industrial units in a category of colours based on their pollution potential, Environment Minister Prakash Javadekar said on Tuesday.
Guided by the need for stringent action against…
BSE Sensex ends 12 Points up as RBI maintains Policy Rates
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), closed Tuesday's trade flat -- up 12 points or 0.04 percent. The BSE Sensex recovered after falling 230 points in the wake of the Reserve Bank of India…
RBI keeps Repo Rate unchanged at 7.5%, Reverse Repo at 6.5%
India's central bank, RBI on Tuesday kept its key policy rates and the reserve ratios unchanged in line with the predictions, while awaiting more robust data on inflation and action from commercial banks to soften their cost of credit to…
Cairn India moves HC against IT over Tax Demand
Cairn India on Monday moved Delhi High Court seeking quashing of income tax department's demand order to pay Rs.20,495 crore tax. The company allegedly failed to pay taxes on gains made by its former parent in a share transfer transaction…
Morgan Stanley sees ‘Achhe Din’ for Indian Economy
With the rural wage growth coming down to a nine-year low at 5.5 percent this January and inflation seemingly stabilizing, India is bracing for a long period of higher sustainable growth and lower prices, financial services firm Morgan…
Neither Tax Terrorism, nor Tax Haven: Arun Jaitley
India will neither promote tax terrorism nor can it become a tax haven, Finance Minister Arun Jaitley said on Monday, assuring a fair compliance window to those with ill-gotten money overseas to come clean, and a moderate tax regime to…
BSE Sensex gains 244 Points; Healthcare Stocks zoom
A day ahead of the first monetary policy review of the Reserve Bank of India (RBI) for 2015-16, a benchmark index of Indian equities markets, the 30-scrip BSE Sensex, made healthy gains during Monday's trade.
The wider 50-scrip Nifty of…
RBI relaxes KYC norms for Non-Banking Financial Companies
The Reserve Bank of India, RBI, has relaxed the Know Your Customer (KYC) norms for Non-Banking Financial Companies (NBFC) and allowed sole proprietor firms to open accounts in co-operative banks by submitting a single proof of their…
RBI’s First Monetary Policy Review of Fiscal on Tuesday
The Reserve Bank of India (RBI) is to announce its first bi-monthly monetary policy review of the current fiscal on Tuesday, when it is widely expected to leave the repo rate, at which it lends to commercial banks, unchanged at 7.50…