Business
Rupee strengthened by 37 paise to 66.88 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amid foreign fund inflows. Weakness in dollar against other currencies overseas after last week’s disappointing US jobs data reduced the chances of an interest rate hike […]
The Reserve Bank of India today fixed the reference rate of the rupee at 67.2415 against the US dollar and 74.9944 for the euro. Yesterday, these rates were 67.2533 and 75.3035, respectively. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 96.9017 and 61.83 […]
Today Petrol price was increased by Rs 2.58 per litre while diesel rate was increased by Rs 2.26 per litre. New fuel prices will be effective from tonight. A litre of petrol will cost Rs. 65.60 in Delhi (including state levies) whereas diesel will retail at Rs. 53.93/litre, said Indian Oil Corporation, the country’s largest […]
Wooing Japanese investors, Finance Minister Arun Jaitley today promised more structural and market-oriented reforms as well as stepping up infrastructure spending to accelerate economic growth beyond the current 7.6 per cent. He also promised to reform the tax structure to make it simpler, predictable and stable. Speaking at ‘The Future of Asia’ Conference organised by […]
Today Petrol price was increased by Rs 0.83 per litre and diesel by Rs 1.26 per litre. New rates will be effective from midnight. In Delhi, Petrol will cost Rs 63.02 per litre from midnight as against Rs 62.19 per litre currently. Similarly, diesel will cost Rs 52.21 per litre as against Rs 50.95 per […]
Investors must pay taxes on money they earn in India and a “tax-incentivised route” is no longer needed to attract foreign investments to a “strong enough” Indian economy, Finance Minister Arun Jaitley said today. He said there was no “serious apprehension” of investors shifting base to other tax havens and he sees no depletion in […]
Indicating his interest in a second term as RBI Governor, Raghuram Rajan today said he has enjoyed every moment of the job but there is “more to do”, despite calls from some sections of the ruling BJP against any extension for him. “There is a lot of fulfillment from making things actually happen for improving […]
In Gujarat, during IT Income Tax Survey, Rs 280 crore worth of black money was recovered. During 2014-15 Rs 158 crore and during 2015-16 Rs 80.77 crore was recovered as black money by IT department. More IT raids were conducted in 2016. In 118 cases, IT department filed complaint.
Market benchmark BSE Sensex fell by some 35 points in early trade on Tuesday as funds and retail investors booked profits after Monday’s strong gains amid mixed Asian cues. The 30-share index, which had gained 460.36 points in the previous session, fell by 34.71 points, or 0.13 per cent, to 25,654.15. Profit-booking in stocks of […]
Today in Jamnagar Municipal Corporation JMC’s former TPO Town Planning Officer JV Sedani has been arrested by ACB Anti Corruption Bureau in case of misappropriation of funds, as per sources.
