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India’s September 2016 Consumer Price Index inflation is 4.31 percent

India’s September 2016 Consumer Price Index (CPI) inflation is 4.31 percent. he Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015. 2. In this press note, […]

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BSE Sensex falls below 28K-level, down 265 points in early trade

Today BSE benchmark Sensex plunged over 265 points to crack below the 28,000-mark in early trade today as investors indulged in trimming their bets after the minutes of the US Federal Reserve’s September meeting indicated a possible rate hike this year. Besides, the trading sentiment was influenced by a weak trend in Asian markets after […]

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Civil Aviation issued notification prohibiting use of Samsung Galaxy Note 7 onboard

In Public interest Director general of Civil Aviation,Delhi has issued notification on 28 September prohibiting use of Samsung Galaxy Note 7 onboard due to safety reasons. Based on incidents and concerns raised by Samsung to DGCA, as per sources. Notice by DGCA attached herewith:

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Singapore wants to postpone revision of tax treaty with India

Singapore is seeking more time to revise the two-decade old tax treaty with India, saying its investors need more time to shift to source-based taxation. India has, however, rejected any deferment in the revision of the treaty that will help prevent Singapore, which is the top source of FDI into India, from being used as […]

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BSE Sensex trips 115 points as profit-booking persists

The market continued to feel the ripple effect of lingering Brexit worries and a lacklustre Europe as the BSE Sensex slumped 115 points, dragged down by a rush by investors to book profits in recent outperformers. Realty, power and banking counters saw much of the losses as investors felt that the recent rally is “overdone”. […]

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Forex: Rupee good run continues, 3 paise up against dollar

Continuing its good run for the sixth day at a stretch, the rupee appreciated by 3 paise to 66.43 against the US dollar in early trade today at the Interbank Foreign Exchange on continued selling of the greenback by exporters and banks amidst higher opening in the domestic equity market. Forex dealers said that besides […]

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BSE Sensex rallies 181 points on OPEC deal, F&O expiry

Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark today after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years. Short-covering of bets with today being the last session of September expiry in the derivatives segment kept the momentum on. […]

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India among most competitive economy in the world: WEF report

India has climbed 16 places to the 39th rank on the Global Competitiveness Index prepared by the World Economic Forum as improved business sophistication and goods market efficiency pushed its ranking higher. For the eighth straight time, the list is topped by Switzerland as the most competitive economy. Singapore and the US are at the […]

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BSE Sensex soars 365 points in early trade as US Fed holds rates

The BSE benchmark Sensex surged by 365 points and the NSE Nifty regained the 8,800-mark in early trade today, reversing the two-session falling trend on positive cues from other Asian markets as the US Federal Reserve kept rates unchanged. Strong Inflows from overseas investors and across-the-board buying by the investors also helped market sentiments. The […]