Breaking News Business Header Slider Headline News Top Stories

India gains 7.5% growth in Jan-Mar quarter, overtakes China

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) […]

Breaking News Business Header Slider Headline News Top Stories

Rupee crosses 64 mark, down 17 paise vs dollar

Continuing its weakness for the third straight day, the rupee dropped below the 64 mark, falling 17 paise, to quote at 64.15 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange as the American currency firmed up overseas on strong economic data. Besides, increased demand for the dollar from importers and […]

Business Header Slider Headline News Top Stories

Markets on rising trend, rally to 5-week closing high

Both BSE Sensex and CNX Nifty continued their north-bound journey for the third consecutive week, surging 634 points and 197 points, respectively, to log their 5-week closing highs on the back of a host of positive factors. The market posted smart gains in three out of five alternate trading sessions of the week. The markets […]

Breaking News Business Header Slider Headline News Top Stories

Banks to use gold deposits for meeting CRR, SLR

The government is considering allowing banks to utilise gold mobilised under the monetisation scheme for meeting mandatory liquidity requirements set by the Reserve Bank. “To incentivise banks, it is proposed that they may be permitted to deposit the mobilised gold as part of their CRR/SLR requirements with RBI. This aspect is still under examination,” a […]

Breaking News Business Header Slider Headline News Top Stories

Arun Jaitley:Corruption Gone from India’s political dictionary

Finance Minister Arun Jaitley today said corruption has been removed from India’s political dictionary under Prime Minister Narendra Modi and that there is a thrust towards reforms and liberalisation without crony capitalism and harassment. Marking a year in office of the BJP-led NDA government at the Centre, he launched an all-round attack on UPA government […]

Business Header Slider Headline News Top Stories

Arun Jaitley:Reasonable taxation, ease of doing business govt’s priority

Minister Arun Jaitley on Sunday outlined the road map for the second year of the NDA government which includes making taxation more reasonable and improving the ease of doing business in India. Maintaining the speed of reforms and eliminating discretions would be the thrust areas of the government going forward as it completes one year […]

Business Header Slider Headline News Top Stories

Fuel prices up: Petrol increases by Rs 3.13 and Diesel by Rs 2.71 per litre

Prices of fuel including petrol and diesel have increased by Rs 3.13 for petrol and Rs 2.71 for diesel per litre. New rates will be effective from tonight.This is  the second straight steep increase in rates this month. New fuel rates for Petrol in Ahmedabad will be Rs 69.68, in Rajkot it will be Rs […]

Breaking News Business Header Slider Headline News Top Stories

PM Modi announces e-visas for Chinese tourists at Tsinghua University

In a confidence building measure, Prime Minister Narendra Modi on Friday announced that India will grant e-visas to Chinese tourists. “We have decided to extend electronic tourist visas to Chinese nationals,” Modi said addressing students and faculty at the prestigious Tsinghua University in Beijing. Hours before the PM’s announcement, foreign secretary S Jaishankar had said […]

Business Header Slider Headline News Top Stories

India and China signs 24 agreements worth $10 billion

India and China on Friday signed a record 24 agreements in key sectors, including in railways and education on day two of Prime Minister Narendra Modi’s first visit to the communist neighbour. Protocol for setting up Consulates-General at Chengdu and Chennai besides a memorandum of understanding on consultative mechanism for cooperation in trade negotiations were […]