Business
India cuts petrol price by 74 paise a litre, diesel by Rs 1.30 a litre. New rates will be applicable from tonight.The price of one litre of petrol in Delhi will stand at Rs. 61.13, while that of diesel will be revised to Rs 48.01 per litre. In Mumbai, Chennai and Kolkata, diesel will be […]
India and the US have agreed to enhance collaboration on tackling offshore tax evasion and increase cooperation in sharing of cross-border tax information. “We are committed to continued collaboration and sharing of experience in tackling offshore tax evasion and avoidance, including joint tax audits and tax examination abroad,” Finance Minister Arun Jaitley and US Treasury […]
The benchmark BSE Sensex zoomed over 372 points to 25,517.78 and the broader NSE Nifty reclaimed the 7,800-mark in early trade today on the back of positive macroeconomic data. Besides, a firming trend in other Asian markets, tracking rallies in the US and Europe as oil prices pushed up to 2016 highs on reports of […]
The Reserve Bank of India today fixed the reference rate of the rupee at 66.4950 against the US dollar and 75.9107 for the euro. These rates were 66.3925 and 75.7538, respectively, yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 94.7487 and 61.38 […]
Today, different members of Jewellers association of India have requested for an appointment with Prime Minister Narendra Modi. Jewellers strike and protest in India is going on for more than 36 days and they request to roll back imposition of excise duty during Budget 2016-17. Gujarat Jewellers Association members have also gone to Delhi. Today […]
Today in Surat, showroom of Tribhovandas Bhimji at Athavlines opposite to Lal Bungalow remained open. It appears some small jewelers keep protesting against roll back of excise duty against government whereas some branded jewelers showroom remain open to avoid loss of business.
Today in Ahmedabad, a new attractive TVS Victor bike, a much awaited bike of TVS Motor company rolls out. A launch of new TVS Victor bike held in Ahmedabad. Company’s General Manager, Sales promotes new TV bike with features and new design like powerful 3V Ecothrust Engine, Most Spacious Seat and 60W brightest headlamp. This […]
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan today said a move towards an inflation target of 4 per cent will help contain the currency market volatility. “Our aim in the macro stabilisation is to make the exchange rate less and less an issue that investors have to worry […]
Today Ahmed Patel senior Congress leader and advisor to Congress President Sonia Gandhi wrote letter to roll back imposition of excise duty on transactions made by jewellers and gem/diamond merchants. Letter from Patel to FM Arun Jaitley is enclosed herewith.
Market benchmark Sensex fell further after the Reserve Bank cut repo rate of 25 basis points, which was in line with market expectations, and was trading lower by 322 points at 25,077.13, while the broader NSE Nifty slipped below the crucial 7,700-mark. RBI Governor Raghuram Rajan also took a host of measures on the liquidity […]
