Weekend Special: Chai over GST passage boosts equity markets
Published on Saturday, November 28, 2015 6:02 PM
By Rohit Vaid ...
Mumbai, Nov 28 - Political brinkmanship to get a key economic legislation passed in the ongoing winter session of parliament buoyed the Indian equity markets during the just concluded weekly trade session.
Though short-coverings triggered by derivatives expiry and increase
Government simplifies aircraft import procedures
Published on Saturday, November 28, 2015 5:12 PM
he central government on Saturday simplified procedures for import of aircraft by scheduled national and regional operators of air services. ...
According to the civil aviation ministry, the power to grant initial in-principle approval for import of aircraft has been delegated to the Directorate General of Civil Aviation (DGCA).<
Rupee to be under pressure in the short-term: Experts
Published on Saturday, November 28, 2015 4:57 PM
Mumbai, Nov 28 (IANS) Anxiety over an imminent US rate hike, possible escalation of Middle East crises and continued outflow of foreign funds from domestic equity and debt markets would keep the Indian rupee in a tight spot, experts said on Saturday. ...
On a weekly basis, the rupee weakened by 57 paise to 66.76 to a US dollar (N
Indian ports to make Rs.6,000 crore profit by 2016: Nitin Gadkari
Published on Saturday, November 28, 2015 4:44 PM
New Delhi, Nov 28 (IANS) Union Minister for Shipping, Road Transport and Highways Nitin Gadkari on Saturday said the profitability of the Indian port sector by the end of current year will reach around Rs.6,000 crore. ...
The profit would be invested for creating assets to spur up growth, he said.
Addressing a se
Varanasi villagers blame Coca-Cola for water scarcity
Published on Saturday, November 28, 2015 9:57 AM
By Nita Bhalla ...
NEW DELHI - Eighteen village councils in Uttar Pradesh are demanding a local Coca-Cola bottling plant be prohibited from extracting water from the ground, claiming its over usage has led to water scarcity in the area, said an environmental campaign group.
The villages, which ar
Modi meets Sonia Gandhi to discuss new indirect tax
Published on Saturday, November 28, 2015 9:27 AM
By Rupam Jain Nair ...
NEW DELHI - Prime Minister Narendra Modi hosted opposition Congress party leader Sonia Gandhi for talks on Friday to try and break a deadlock over launching a new indirect tax, in a bid to put his economic recovery agenda back on track.
The face-to-face meeting betwee
HSBC whistleblower Falciani sentenced to 5 years in prison
Published on Saturday, November 28, 2015 9:20 AM
Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. ...
HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen who had been on t
Asian refining and marketing outlook remains stable: Moody's
Published on Friday, November 27, 2015 6:24 PM
Mumbai, Nov 27 - Moody's Investors Service on Friday said the outlook for the Asian refining and marketing industry is stable, with healthy demand for refined oil products driving an increase in output and supporting refining margins. ...
The American ratings agency said, in a release, that "Asian
Gold Bond scheme gets good response: Government
Published on Friday, November 27, 2015 6:26 PM
New Delhi, Nov 27 - The first tranche of the Sovereign Gold Bond scheme has received an excellent response, garnering over Rs.240 crore, an official said on Friday. ...
"Gold Bond Scheme: 63000 applications for 917 kgs. gold amounting to Rs.246 cr in first tranche. Excellent response for an innov