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cbdtissuesrefundsofoverrs98625croretomorethan26lakhtaxpayers

CBDT issues refunds of over Rs.98,625 crore to more than 26 lakh taxpayers

The Central Board of Direct Taxes, CBDT has issued refunds of over Rs 98,625 crore to more than 26 lakh taxpayers. These refunds have been issued betw...

indianbankannouncescutof5basispointsinmclrforoneyeartenure

Indian Bank announces cut of 5 basis points in MCLR for one-year tenure

State-owned lender Indian Bank has announced a cut of 5 basis points in its marginal cost of funds based lending rate (MCLR) for one-year tenure.The b...

scgivestelecomcompanies10yearstopayagrduestogovt

SC gives telecom companies 10 years to pay AGR dues to govt

Supreme Court has given telecom companies 10 years to clear AGR (adjusted gross revenue) dues of around 1.43 lakh crore rupees to the Centre.A bench o...

coalindiatoinvestoverrs122lakhcroreon500projectsby202324

Coal India to invest over Rs.1.22 lakh crore on 500 projects by 2023-24

Coal India Ltd (CIL) will invest over 1.22 lakh crore rupees on development of nearly 500 projects related to coal evacuation, infrastructure, project...

sensexsurgesnearly400pointsinearlytrade

Sensex surges nearly 400 points in early trade

Mumbai: The BSE benchmark Sensex jumped nearly 400 points in early trade on Tuesday tracking gains in index majors Kotak Bank, the HDFC twins and ICIC...

rupeesurges14paiseto7325againstusdollarinearlytrade

Rupee surges 14 paise to 73.25 against US dollar in early trade

Mumbai: The rupee appreciated 14 paise to 73.25 against the American currency in early trade on Monday tracking weak US dollar and sustained foreign f...

sensexralliesover500pointsinearlytrade

Sensex rallies over 500 points in early trade

Mumbai: The BSE benchmark Sensex rallied over 500 points in early trade on Monday driven by gains in index-heavyweights HDFC twins, Reliance Industrie...

adanigrouptopick74pcstakeinmumbaiairport

Adani Group to pick 74 pc stake in Mumbai airport

New Delhi: Billionaire Gautam Adani's Adani Group on Monday said it has reached an agreement to acquire GVK Group's shareholding and control of Mumbai...

fmnirmalasitharamantoreviewwithtopmanagementofscheduledbanksandnbfcsonsep3

FM Nirmala Sitharaman to review with top management of Scheduled Banks and NBFCs on Sep 3

Finance and Corporate Affairs minister Nirmala Sitharaman will review with the top management of Scheduled Commercial Banks and NBFCs, the implementat...

financeministryasksbankstorefundchargescollectedonelectronictransactions

Finance Ministry asks banks to refund charges collected on electronic transactions

The Finance Ministry has asked banks to immediately refund the charges collected after 1st of January this year on transactions carried out using the ...

indiasforeignexchangereservessurgebyusd2296bnto537548billion

India's foreign exchange reserves surge by USD 2.296 bn to 537.548 billion

India's foreign exchange reserves rose by 2.296 billion US dollar to reach 537.548 billion US dollar in the week to August 21. The forex kitty had inc...

dowgains06percentsp500rises02percent

Dow gains 0.6 percent, S&P 500 rises 0.2 percent

The S&P 500 and the Dow advanced yesterday as investors digested the U.S. Federal Reserve’s new strategy to adopt an average inflation target and ...

rbimaynotextendmoratoriumonrepaymentonbankloansbeyondaug31

RBI may not extend moratorium on repayment on bank loans beyond Aug 31

The Reserve Bank is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit behaviour of...

rupeeopensonflatnoteagainstusdollar

Rupee opens on flat note against US dollar

Mumbai: The rupee opened on a flat note against the US dollar on Friday as recovery of the US dollar from its lows limited the appreciation of the dom...

sebiextendstimelinetojan1forimplementingcircularongrievancesagainstproxyadvisors

Sebi extends timeline to Jan 1 for implementing circular on grievances against proxy advisors

New Delhi: Sebi on Thursday extended the timeline to January 1, 2021, for implementation of its circular which said that listed companies may approach...

audirsq8launchedinindia

Audi RS Q8 launched in India

New Delhi: German luxury carmaker Audi on Thursday launched its latest SUV, Audi RS Q8, in India with price starting at Rs 2.07 crore.The Audi RS Q8 i...

gstcompensationgapofoverrstwolakhcrorecanbemetbystatesinconsultationwithrbi:nirmalasitharaman

GST compensation gap of over Rs.two lakh crore can be met by states in consultation with RBI: Nirmala Sitharaman

States have been given two borrowing options to meet shortfall of GST compensation. After chairing the 41st GST Council meet yesterday, Finance Minist...

brentcrudepricestradingaround45usdollarsperbarrel

Brent crude prices trading around 45 US dollars per barrel

Brent crude prices were trading around 45 dollars and 40 cents per barrel while WTI crude prices were around 43 dollars and 10 cents per barrel in int...

sensexjumpsover200pointsinearlytrade

Sensex jumps over 200 points in early trade

Mumbai: The BSE benchmark Sensex jumped over 200 points in early trade on Thursday tracking gains in financial stocks and persistent foreign fund infl...

gstcounciltomeettoday

GST Council to meet today

The GST Council will meet today with the agenda of compensation for loss of revenue arising from the implementation of GST. The 41st meeting of the GS...

govtannouncespsustopaycustomsdutylaterwithin14days

Govt announces PSUs to pay Customs duty later within 14 days

Government has announced a major initiative to allow the Public Sector Undertakings to first clear the goods imported by them through Customs and then...

pnbreceivesrs2433cr1sttrancheofrecoveriesinfugitiveniravmodicase

PNB receives Rs.24.33 cr 1st tranche of recoveries in fugitive Nirav Modi case

Punjab National Bank has received the first tranche of recoveries amounting to Rs 24.33 Crore rupees in fugitive Nirav Modi case related to bank fraud...

rbiprojectscountrysgrowthrateat()45percentfor202021

RBI projects country's growth rate at (-) 4.5 per cent for 2020-21

The Reserve Bank has projected India's growth rate at (-) 4.5 percent for 2020-21. In its annual report released yesterday, RBI  projected global...

2000noteswerenotprintedin201920:rbiannualreport

2,000 notes were not printed in 2019-20: RBI annual report

MUMBAI : Currency notes of ₹2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the years, according ...

sensexrisesover200pointsinearlytrade

Sensex rises over 200 points in early trade

Mumbai: The BSE benchmark Sensex advanced over 200 points in early trade on Tuesday, tracking gains in financial stocks amid largely positive trend in...

unionbankofindiasharesjumpnearly6pcafterq1earnings

Union Bank of India shares jump nearly 6 pc after Q1 earnings

New Delhi: Shares of Union Bank of India on Monday rose nearly 6 per cent after the company reported a standalone net profit of Rs 333 crore in the qu...

sensexrisesover200pointsinopeningsession

Sensex rises over 200 points in opening session

Mumbai: The BSE benchmark Sensex jumped over 200 points in early trade on Monday, led by gains in financial stocks amid firm cues from global markets....

sbipnbbobmaygoforsharesalethisfiscal

SBI, PNB, BoB may go for share sale this fiscal

New Delhi: As many as five large banks, including SBI, PNB and BoB, are likely to sell shares to institutional investors in the second half of this fi...

govtactivatesaadhaarauthenticationfornewgstregistration

Govt activates Aadhaar authentication for new GST registration

Government has activated Aadhaar authentication for new goods and services tax (GST) registration to enhance ease of doing business. For those opting ...

esicrelaxesnormstopay50pctofaveragewagesofthreemonths

ESIC relaxes norms to pay 50 pct of average wages of three months

The Employees' State Insurance Corporation (ESIC) relaxed norms to pay 50 per cent of average wages of three months as unemployment benefit between Ma...

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