The central government will bring down its holding in public sector banks (PSBs) to 52 percent in a phased manner ensuring that the capital needs of the banks are fulfilled, parliament was told on Tuesday....
Mumbai, March 17 : A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Tuesday was trading 136 points or 0.48 percent up as healthcare stocks surged. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 39.50 points or 0.46 percent up at 8,672.65 points. The Sensex of the S&P Bombay ...
The government received commitments of Rs.103,046 crore from telecom operators at the end of bidding on Monday, the 11th day of radio frequency spectrum e-auctions. ...
The central government's recent move for compulsory declaration of permanent account number (PAN) for jewellery purchases of and over Rs.1 lakh will lead to a surge in smuggling of gold, a section of jewellers said on Monday....
The Rajya Sabha passed the Insurance Laws (Amendment) Bill, 2015 on March 14 after the Lok Sabha had earlier passed it on March 4. The enactment of this bill has the potential to be a historic game-changer for India's insurance industry. ...
Sixteen of 18 industrialized nations have seen their inflation reading run below expectations as deflationary forces continue to exert pressure on the global economy. After many years, inflation has cooled off to a level where India can aggressively begin an interest rate easing cycle to jumpstart the much talked about cyclical reco...
India's annual rate of inflation, based on wholesale prices, declined further to (-) 2.06 percent for February from (-) 0.39 percent for the month before thanks to a 14.72 percent drop in the index for petroleum fuels and power, official data showed Monday....
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading down 56 points or 0.21 percent in the late afternoon trade session Monday as metal, capital goods and fast moving consumer durables (FMCG) stocks plunged....
After Andhra Pradesh and Madhya Pradesh, officials from Chhattisgarh government visited the Kochi-based Startup Village to learn more about the incubation facility and explore ways to set up a similar amenity in their state. ...
With over 99 percent of permitted investment levels for overseas investors already exhausted, the Bombay Stock Exchange (BSE) will on Monday auction investment limits for government debt securities worth Rs.893 crore....