Business
In Ahmedabad, for ‘I for Afrika’ business convention, hundreds of business delegates from over 40 key African countries including South Africa, Egypt, Algeria, Cameron, Ethiopia, Ghana, Kenya, Mauritius, Namibia, Nigeria and Zimbabwe will participate to be held from December 1 to 4 at GMDC ground. Today a press briefing was done by Secretary General of […]
The Government of Japan has today signed a Confirmation Agreement with Government of India to fund Ahmedabad Metro Project Phase – 1 to the tune of Rs. 5,968 crore and the first trench of Rs. 4,456 crore is to be released in the next financial years.The Confirmation Agreement signed between Mr. S. Selvakumar, Joint Secretary, […]
Government has shortlisted five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, for managing the over Rs 21,000-crore stake sale in Coal India. Besides, Axis Capital and Kotak Mahindra Capital have also been selected for managing the stake sale of the ‘Maharatna’ PSU, sources said. This would be the first big PSU […]
The Reserve Bank of India today fixed the reference rate of the rupee at 66.3490 against the US dollar and 70.4693 for the euro. These rates were 66.0940 and 70.8594, respectively, as on November 20, 2015. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted […]
With slew of measures putting back the economy on track, Prime Minister Narendra Modi today said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights. Speaking at the ASEAN Business and Investment Summit here, he said government […]
In a big bonanza to central employees and pensioners, the seventh Pay Commission today recommended a 23.55 per cent increase in salary, allowances and pension along with a virtual one-rank-one-pension for civilians, involving an additional outgo of Rs 1.02 lakh crore a year. A minimum pay of Rs 18,000 per month and a maximum of […]
The benchmark BSE Sensex fell by over 38 points in opening trade due to profit-booking by investors after recent gains amid a weak trend in other Asian markets. The 30-share barometer edged lower by 38.30 points or 0.14 per cent to 25,803.62 with banking, auto and capital goods leading the fall. The index had risen […]
Finance Minister Arun Jaitley today invited sovereign wealth funds of the UAE to invest in National Infrastructure and Investment Fund (NIIF), saying it will provide good return. NIIF will attract good return on the investment made by the Sovereign Wealth Funds, the Finance Ministry said in a statement. “It’s a great opportunity for UAE Sovereign […]
Maharashtra state again took the lead in Foreign Investments. During the period from January to August 2015 the Foreign Investments in the State has crossed Rs.55,307 crores and this will create nearly 1,24,000 employments. The major investing countries are Taiwan, USA, Germany, China and Switzerland. Taiwan alone invested Rs. 35,000 crores during this period. MIC, […]
The benchmark BSE Sensex jumped over 156 points in early trade on the back of gains in stocks of realty, capital goods, banking and metal sectors amid positive cues from Asian markets. The 30-share index, which rose by 149.57 points yesterday, gained 156.91 points or 0.60 per cent to 25,917.01. On similar lines, the NSE […]
