Business
On Monaday The government raised petrol prices by 64 paise per litre and cut diesel prices by Rs 1.35 litre. This is the 3rd increase in petrol price since May. However, in case of diesel, the reduction has halted two consecutive increases during last month.
Todaybenchmark BSE Sensex gains 161 points to 26,586.55 on account of better-than-expected factory output data and steady inflation, while value-buying in beaten-down stocks also added to the upside. Besides, sentiment also turned positive on reports of steady progress in monsoon, traders said. Industrial production grew at a two-month high of 4.1 per cent in April, […]
Indian economy saw the “strongest growth” in the first quarter of 2015 among large economies, including China, the US, Germany and Canada, according to Paris-based think tank OECD. Data compiled by the Organisation for Economic Cooperation and Development (OECD) showed that overall GDP growth in the G-20 area was slightly lower at 0.7 per cent […]
With effect from 1 June, Service Tax rate has been raised from 12.36 % from 14 % rise. Ahmedabad Zone observed 25 % rise in current fiscal year. Ahmedabad Zone made collection of Rs 6535 crores. For the past 2 years, Real Estate sector was under recession which was a major contributor to Service Tax […]
The benchmark BSE Sensex snapped its six-day losing run by surging 359 points today and rebounded from near eight months low to 26,840.50 on value-buying in blue-chips, BHEL, Bajaj Auto and RIL, after MSCI’s decision to defer inclusion of China?s shares. Besides, rupee’s recovery against dollar to Rs 63.83 too boosted sentiment. Foreign funds and […]
Ahmedabad and Vadodara Railway Stations now to be equipped with Executive Lounge where visitor can enjoy facilities of Wash and Change, Comfort Sitting & Recliners, Wi Fi InterNet, Live TV, News Papers and Magazines, Food and beverages on chargeable basis. Facility of Executive Lounge on Railway Stations will be extened to 43 other stations. After […]
Today BSE Sensex made a little recovery by gaining 58 points in early trade due to shares of Coal India, Wipro, TCS and Bajaj Auto led the gains on value-buying by participants after recent losses. However, caution prevailed ahead of a host of macroeconomic numbers such as IIP and inflation data, to be released this […]
After sliding for three straight days, the rupee recovered 10 paise to 63.90 against the US dollar in early trade today at the InterbankForeign Exchange on selling of the American currency by exporters and banks. Forex dealers said a lower opening in the domestic equity markets and dollar’s strength against other currencies overseas capped the gains. […]
Buoyed by the country’s GDP growth of 7.3 per cent in FY 2014-15, Union Finance Minister Arun Jaitley today said India has the potential to improve the economic growth to double-digit. “The country has the potential of taking the economic growth to double-digit. The government will take appropriate action in the regard,” Jaitley told reporters […]
India has overtaken China to become the world’s fastest growing economy by gaining 7.5 per cent GDP for the Jan- March quarter, prompting Finance Minister Arun Jaitley to say that the economy is clearly on “a recovery path”. The economic growth rate on sequential basis improved from 6.6 per cent in the third quarter (October-December) […]
