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Petrol price up by Rs 2.58 per litre; diesel up by Rs 2.26 per litre

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 […]

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FM Jaitley promises structural reforms, infra spending to boost growth

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 […]

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Petrol and Diesel price up by 83 paise and Rs 1.26 respectively

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 […]

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Investors making money must pay taxes; no fear of FDI fall: FM Jaitley

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 […]

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Raghuram Rajan’s interest in second term; says “still more to do”

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 […]

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Gujarat: Rs 280 crore worth of black money recovered by IT department

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.

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BSE Sensex falls 35 points on profit-booking in early trade

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 […]

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BSE Sensex retreats for 3rd day as global cues remain weak

Global growth woes and disappointing domestic earnings continued to weigh on equities for a third straight session as the benchmark Sensex tumbled 127.97 points to an over three-week low of 25,101.73 with commodity and industrial stocks taking a big hit. Broader markets also performed weak with the BSE mid-cap index ending 1.22 per cent lower […]

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Sensex retakes 26,000 Nifty tops 7,900 on oil, global rebound

Tracking a global recovery and aided by a rebound in oil prices, the benchmark BSE Sensex today rallied over 328 points as it reclaimed the 26,000-mark to close at about 4-month high of 26,007 on across-the-board buying in blue-chips. Foreign inflows continued unabated, which helped. The NSE Nifty topped the psychological 7,900. Investors got their […]