Business News

KOLKATA/PUNE, 10 Jan 2017/--/Bajaj Auto has commenced customer deliveries of Dominar 400 from today onwards from Bajaj Dealerships in 22 cities. The Dominar 400 was launched on December 15 nationwide and has since then gathered attention as a premium sports biking brand. The bookings for the...

Kolkata, 10 Jan 2017/--/South Eastern Railway during the first nine months i.e. April to December of the current financial year (2016-17) has loaded 109.19 million tonnes of freight as against 97.70 million tonnes loaded during the corresponding period of last year, registering a growth of 11.76...

Kolkata, 10 Jan 2017/--/As a result of the intensive ticket checking drive conducted by Eastern Railway all over its jurisdiction from  30 December 2016 to 5 January 2017, altogether 35928 persons were detected travelling without or with improper ticket and carrying unbooked luggage and an amount...

NEW DELHI, 10 Jan 2017/--/As it analyses bank deposits post- demonetisation, the Union government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes. A senior official said Income Tax...

Gandhinagar, 10 Jan 2017/--/Prime Minister Narendra Modi Tuesday held bilateral talks with several heads of state and ministers who have converged here for the Vibrant Gujarat Global Summit. Ahead of the official inauguration of the Summit, the Prime Minister held delegation-level talks with...

Gandhinagar, 10 Jan 2017/--/Mukesh Ambani, India’s richest person, on Tuesday said his Reliance Industries will complete investment of Rs1.25 lakh crore in refinery and petrochemical expansion projects in Gujarat by March, exceeding commitments made by Rs10,000 crore. Speaking at the 8th Vibrant...

Hyderabad, 10 Jan 2017/--/Tech investor T V Mohandas Pai Tuesday pitched for abolishing capital gains tax on sale of land and property, and gold if held for more than three years, amidst reports that real estate and the yellow metal generate the largest quantum of black money. Stating that time has...

SINGAPORE, 10 Jan 2017/--/Sri Lanka is keen to establish a tripartite arrangement for trade and investment with India and Singapore, its Deputy Minister for Foreign Affairs Harsha de Silva has said. Sri Lanka aims to conclude Economic Technology Cooperation Agreement (ECTA) with India for services...

Mumbai, 10 Jan 2017/--/The rupee Tuesday surrendered most of its early strong gains but eventually managed to end higher by three paise at 68.18 against the American currency in a range bound trade amid weak dollar overseas. Mild dollar selling by banks and exporters in the face of subdued overseas...

NEW DELHI, 10 Jan 2017/--/Gold prices reclaimed the Rs 29,000-mark by surging Rs 330 to trade at over one-month high of Rs 29,030 per 10 grams, tracking uptrend in the global bullion market and increased buying by local jewellers. Silver also shot up by Rs 350 to Rs 40,750 per kg due to increased...

Kolkata, 10 Jan 2017/--/Nobel peace prize winner and founder of Grameen Bank of Bangladesh Muhammad Yunus on Tuesday said that micro-credit is a tool for fostering entrepreneurship among the poor. "Micro-credit is a tool to unleash energy for building entrepreneurship among the poor people. This...

Hyderabad, 10 Jan 2017/--/Blue chip PSUs are eyeing funds from the Employees Provident Fund Organisation (EPFO) which is sitting on a huge cash pile, said Labour Minister Bandaru Dattatreya. The Minister admitted that EPFO too is looking for better returns following dwindling bank interest rates...

NEW DELHI, 9 Jan 2017/--/Tamil Nadu today joined the UDAY scheme, meant for revival of debt stressed discoms, which would help the State save around Rs 11,000 crore during the 3-year turnaround period. Tamil Nadu also became the 21st State to join Ujwal DISCOM Assurance Yojana (UDAY) Scheme, and...

NEW DELHI, 9 Jan 2017/--/State-run Solar Energy Corporation of India (SECI) will soon float tenders to put solar projects with 2,300 MW capacity on the block for auction. Besides, SECI has also signed Power Purchase Agreements (PPAs) with various stakeholders for 3,200 MW of solar power, SECI...

JAIPUR, 9 Jan 2017/--/Projecting Rajasthan on growth trajectory, Chief Minister Vasundhara Raje on Monday said the state capital is emerging as the next destination for startups for which the government is providing supporting environment. "Bangalore (now Bengaluru) is a great place for startups...

NEW DELHI, 9 Jan 2017/--/Country's largest lender SBI has waived Merchant Discount Rate (MDR) on debit card transactions for all small merchants with annual turnover of up to Rs 20 lakh for one year. This, SBI said, has been done with a view to helping small merchants overcome apprehensions towards...

Mumbai, 9 Jan 2017/--/Making trading in mutual funds more convenient for investors, top stock exchange BSE today announced the launch of the 'BSE StAR MF' mobile application. The app is currently available to android mobile users. BSE runs the mutual fund trading platform - BSE Star MF -- the...

NEW DELHI, 9 Jan 2017/--/Dismissing concerns of slowdown due to demonetisation, Finance Minister Arun Jaitley today said both direct and indirect tax collections have shown robust increase during the April-December period, indicating uptick in economic activity including manufacturing. He said...

KOLKATA/HYDERABAD, 9 Jan 2017/--/Hyderabad based Fintech firm- InstaEMI.com today announced to expand its operations to all Metro cities –New Delhi, Mumbai, Pune and Kolkata in the country this month. Specializing in credit underwriting and portfolio management, the company offers an online...

Kolkata, 9 Jan 2017/--/Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, today announced the launch of its open-ended equity scheme "Mahindra Mutual Fund Dhan Sanchay Yojana". The scheme seeks to...

Kolkata, 9 Jan 2017/--/The Export-Import Bank of India (Exim Bank), in consonance with the ‘Digital India’ campaign of the Prime Minister, Narendra Modi, has launched a digital portal for fulfilling twin objectives, namely providing information on financial products available to facilitate exports...

Kolkata, 9 Jan 2017/--/Railway Convention Committee under the Chairmanship of Bhartruhari Mahtab, MP alongwith MPs K. Ashok Kumar, Bharat Singh and R. Shewale, had an informal meeting with Ghanshyam Singh, General Manager, Eastern Railway and other Principal Officers of Eastern Railway this morning...

Bhopal, 9 Jan 2017/--/Madhya Pradesh Government today announced major tax exemptions on purchase of point-of-sale (PoS) machines to promote cashless and digital transactions. "There would be exemption of 14 per cent in VAT and two per cent in entry tax on the purchase of PoS machines. State cabinet...

Mumbai, 9 Jan 2017/--/The NSE Nifty ended with marginal losses for second-day in a lacklustre momentum by 7.75 points to close at 8,236.05 following selling pressure in key pharma, energy and infra counters amid mixed global cues. Opening positive, the key indices soon succumbed to choppiness...

Bhopal, 9 Jan 2017/--/The Union government has accorded approval to establish a mega food park in Daloda tehsil of Madhya Pradesh's Mandsaur district. "Ministry for Food Processing Industry of the Union government has given the approval to establish mega food parks in seven states of the country,...