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Invest in lucrative Indian market, RBI governor Rajan tells Aus cos

Reserve Bank of India governor Raghuram Rajan has suggested Australian firms to invest in the lucrative Indian market stating that India’s contribution to global growth would get “bigger and bigger from here”. Rajan was talking on a wide range of issues when he asked Australian investors to tap the Indian market now. “If anybody was […]

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PM Modi addresses at the Startup India at Vigyan Bhawan in Delhi

Today in Delhi, Prime Minister Narendra Modi addresses at Startup India at Vigyan Bhawan and emphasised on Standup India Startup India Start-ups will be exempted from paying income tax for the first 3 years. * No inspection for 3 years of start-up businesses in respect of labour, environment law compliance post self-certification * This Startup […]

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BSE Sensex reverses trend, slides 135 points in late morning deals

The benchmark BSE Sensex pared its early gains to drift lower by 135.33 points in late morning deals on selling in key blue-chips stocks IT, Teck, telecom, banks and oil&gas. Participants traded caution ahead of key macro numbers of Industrial Production (IIP) for December and (CPI) Inflation data to be released later in the day […]

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Tomorrow Nationalized Bank employees on strike; 5 lakh bank employees of Gujarat on strike

Tomorrow nationalized bank employees will observe strike. In Gujarat, 5 lakh bank employees of 35,000 banks will go on strike. Tomorrow at 10:30 am in morning, bank employees on strike will assemble in Ahmedabad near State Bank of Mysore at Parimal Cross Road. Strike by bank employees is announced to protest against pressure from Bank […]

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Markets at 19-month low, Sensex crashes 555 points on China chaos

In the worst crash this year, the benchmark Sensex today broke below the 25,000-level by tanking about 555 points to close at 24,851.83, a 19-month low, as global stock and currency markets reeled after China let the yuan fall faster to battle a slowing economy. The NSE Nifty too plunged headlong as it went below […]

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Gujarat govt’s tax increase on fuel; increase of Rs 1.90 in petrol, Rs 1.82 in diesel per liter

With increase in taxes by Gujarat government petrol and diesel will become costlier from tomorrow. With 3% increase on petrol, taking increase upto 28 % from 25 % whereas with 4 % increase on diesel, taking increase upto 28 % from 24 %. With increase in tax, petrol will cost Rs 1.90 more per liter […]

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Activist bats for bonus for Maha cotton growers like Gujarat farmers

In a bid to provide immediate relief to cotton-growing farmers in the Vidarbha region, a prominent farm activist has suggested that Maharashtra government follow the ‘Gujarat model’ and declare bonus for the produce sold through Cotton Corporation of India centres. The Gujarat government recently declared a bonus of Rs 650 per quintal on the produce […]

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Over 9,500 complaints pending with banking ombudsmen states RBI

Over 9,500 complaints of deficient services by nationalised and private sector banks are pending with banking ombudsmen, the Reserve Bank of India (RBI) has said. The revised Banking Ombudsman scheme 2006 allows a customer to seek redress of complaints against banks relating to credit cards and house loans, among others. The number of complaints pending […]

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Make In India Week to be held in Feb 2016; Press Meet in Ahmedabad

Today a Press Meet in Ahmedabad was held informing about Make In India Week to be celebrated during 13th to 18th February 2016 in MMRDA Grounds at Bandra Kurla Complex in  Mumbai. Shri Amitabh Kant, IAS and Secretary DIPP govt of India briefed about Make In India Week celebration in Mumbai. He added that India […]

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Surat-Mumbai air connectivity restarted by Air India with frequency of 3 days a week

From December 25 Christmas, Air India has started Surat-Mumbai flight from Christmas with a frequency of 3 days a week, Surat-Mumbai flight. With this initiation, Surat will reconnect to Mumbai via air route after gap of over a year. A 72-seat ATR aircraft will be operational for this service. Surat was previously connected to Mumbai […]