Rupay card usage increases 7 times after demonetisation
Demonetisation has boosted the digital platforms for payment. The National Payments Corporation's RuPay card usage at merchant terminals has surged se...
Household owned majority of deposits in banks till Mar'16: RBI
Majority of deposits in banks was held by the household sector at 61.5 per cent as on March 31, 2016, the Reserve Bank said today. This was followed...
Sensex recovers 81 points on value buying in early trade
The benchmark BSE Sensex recovered by over 81 points in opening trade today largely on the back of value buying in blue-chip stocks such as Cipla, R...
Gold slumps to 11-month low of Rs.27,550
Gold slumped 250 rupees, to hit over 11-month low of 27,550 rupees per ten grams at Delhi's bullion market yesterday, on weak demand from jewellers....
Black money holders to bear penalties to over 137% post raids
Black money holders will have to bear taxes and penalties amounting to over 137 per cent if they do not admit to or fail to explain the source of un...
Sensex down 248 points on profit booking in early trade
The benchmark BSE Sensex dropped by 248 points in early trade today due to profit booking by investors amid weak Asian cues.Brokers said Prime Ministe...
Govt launches moble App 'Smart Consumer' to provide speedy redressal of consumer grievances
The government has launched a host of online initiatives including a mobile App 'Smart Consumer' and an 'Online Consumer Mediation Centre (OCMC)' to p...
Nusli Wadia voted out as independent director of Tata Chemicals
Shareholders of Tata Chemicals voted out Nusli Wadia as an independent director of the company with 75.67% votes going in favour of a resolution moved...
Tata Motors shareholders remove Nusli Wadia from board
Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors.In the extraordinary general meeting of ...
Sensex extends losses, down 64 points in early trade today
The benchmark BSE Sensex surrendered another 64 points to quote at 25,915.41 in early trade today as investors indulged in cutting down bets amid sust...
Amul all set to invest Rs.200 crore in Bengal
Amul, a brand owned by Kaira District Cooperative Milk Producers’ Union is all set to invest in Bengal with a ‘Centralised Milk Processing Plant’ at S...
I-T detects Rs.3,590 crore un-disclosed income after demonetisation
The Income Tax Department has detected over 3,590 crore rupees of un-disclosed income while more than 93 crore rupees in new notes have been seized as...
Sensex down 71 points in early trade on weak global cues
The benchmark BSE Sensex was trading lower by about 71 points to hit a one-month low of 26,171.45 in early trade today, extending losses on sustained ...
Nusli Wadia removed from Tata Steel board
Tata Steel today said its independent director Nusli Wadia has been removed from the company's board, with 90.8 per cent of shareholders present at ye...
RBI modifies circular on depositing over Rs.5000 in banks
The Reserve Bank of India has modified the old currency deposit rules and withdrew the 5000 rupee limit for depositing money in old currency notes for...
Govt asks banks to waives transaction fee on IMPS transfer of over Rs.1,000
Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UP...
RBI modifies rules on deposits over Rs.5000 in old notes
The Reserve Bank of India on Wednesday modified the old currency deposit rules. The RBI in its new notice said that fully KYC compliant account h...
Restrictions on ATM withdrawls to be removed after Dec 30: Santosh Gangwar
Minister of State for Finance Santosh Gangwar has said that the current restrictions on ATM withdrawals will be removed after December 30 and added th...
Sensex moves up 86 points in early trade
The benchmark BSE Sensex rebounded over 86 points in early trade today on fresh round of value buying by investors amid positive cues from other Asian...
Government announces tax benefits for small scale traders
Government has announced tax benefits for small scale businessmen opting e-payments asserting that if a small trader makes digital payment, his presum...
RBI to issue new Rs.500 notes with inset letter in new series
The Reserve Bank of India, RBI will shortly issue 500 rupee banknotes in Mahatma Gandhi New series with the inset letter E having star mark in the num...
Apple Is Discussing Manufacturing in India, Government Officials Say
NEW DELHI— Apple Inc. is discussing with the Indian government the possibility of manufacturing its products in the country, according to two senior g...
Sensex recovers 53 points in early trade
After a four-day fall, the benchmark Sensex recovered over 53 points on fresh buying by investors in blue-chip stocks despite a weak trend in Asia.The...
EPFO lowers interest rate on EPF to 8.65 percent for FY17
The Employees Provident Fund Organisation, EPFO has lowered the interest rate on provident fund deposits to 8 (point)65 per cent for the current fisca...
ED seeks details from 100 co-op banks across country
The Enforcement Directorate (ED) has written to about 100 cooperative bank branches across the country seeking details about activities in their dorma...
Banks should accept deposits of pre-2005 currency notes: RBI
Reserve Bank has clarified that banks should accept deposits of pre-2005 currency notes, including the demonetised 500 and 1,000 rupee notes. In a pre...
Deposit over Rs.5000 in demonetisation notes allowed only once till Dec 30: RBI
Deposits of above Rs 5000 in scrapped banknotes can be made only once till the deadline of December 30, the Reserve Bank of India (RBI) said on Monday...
Sensex down 81 points on weak Asian cues
The benchmark BSE Sensex surrendered another 81 points to quote at 26,408.74 in early trade today on sustained selling by investors and funds amid wea...
State Bank MobiCash Mobile Wallet launched
Minister of Finance and Corporate Affairs, Arun Jaitley and Minister of State for Communications (Independent charge) and Minster of State for Railway...
Ratan Tata not to step down from chairmanship
Tata Sons has stated that Ratan Tata has no plans to step down from the chairmanship of Tata Trusts at the current juncture. Tata, however, stated t...
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