Business
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) […]
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 […]
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 […]
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 […]
