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India has scrapped a rule mandating traders to export 20 per cent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China.
Sat, 29 Nov 2014 08:58:52 +0530
To prevent illicit money flows into capital markets, authorities have put in place advanced risk management mechanism and other systems, the government said on Friday.
Fri, 28 Nov 2014 19:12:57 +0530
Indian economy grew at a better-than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors.
Fri, 28 Nov 2014 21:12:50 +0530
The BSE Sensex and Nifty rose around 1 percent to record highs on Friday, ahead of economic data due later in the day and the central bank's monetary policy on Tuesday.
Fri, 28 Nov 2014 11:40:07 +0530
The market ended at new record closing high on Friday following further fall in crude oil prices after the OPEC decided not to cut output. Hopes of rate cut or indication of rate cut in monetary policy on December 2 also pushed market higher.
Fri, 28 Nov 2014 16:16:38 +0530
Bucking the strong trend in stocks, the Indian rupee on Friday tumbled 16 paise to close at almost nine-month low of 62.03 against the greenback following sustained dollar demand from importers, including oil firms.
Fri, 28 Nov 2014 19:10:51 +0530
Finance Minister Arun Jaitley on Thursday hinted in Lok Sabha at the government considering amending the anti-money laundering and Income Tax laws to get back the black money stashed abroad, admitting that there are weaknesses in them.
Thu, 27 Nov 2014 23:44:53 +0530
Continuing with its commitment to providing viewers with differentiated programming, CNN-IBN announced a one-of-its-kind series 'CEO of LIFE', in association with Urbana, a Lifestyle brand of Future Group. The show hosted by CNN-IBN's Business Editor Karma Paljor, will celebrate India's distinguished young entrepreneurs who just not believe in driving their business but do it with a lot of passion.
Thu, 27 Nov 2014 20:43:48 +0530
The share price of cement major India Cements Ltd continued its fall to close on Thursday at Rs 94.60 at the Bombay Stock Exchange.
Thu, 27 Nov 2014 20:51:37 +0530
Within months of issuing licenses for two new full-fledged banks, RBI ON Thursday issued final norms for setting up of payment banks and small finance banks for the first time in the country. The move, aimed at deepening financial inclusion, will allow entities like mobile operators, super market chains and real estate cooperatives to set up payment banks, while existing NBFCs and micro finance lenders among others can apply for small finance banks.
Thu, 27 Nov 2014 19:11:35 +0530
The Reserve Bank of India (RBI) has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds.
Thu, 27 Nov 2014 15:25:37 +0530
Anticipating data out on Friday will show weakening economic growth, the finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms.
Thu, 27 Nov 2014 15:19:35 +0530
In choppy trade, the benchmark Sensex on Thursday rose 53 points on the back of gains in shares of BHEL, Hindalco and Infosys ahead of quarterly GDP data release on Friday and the RBI's monetary policy review next week. Besides, covering-up of short positions by speculators on expiry of monthly derivative contracts supported buying activity, brokers said.
Thu, 27 Nov 2014 16:29:53 +0530
In dull trade, Indian rupee on Thursday snapped its two-day rise and fell back by three paise to end at 61.87 against the Greenback on month-end dollar demand from importers.
Thu, 27 Nov 2014 17:53:04 +0530
Alibaba founder Jack Ma, China's wealthiest man, on Wednesday said he is keen to invest more funds in India and will work with Indian technology entrepreneurs as he believes Internet can transform the country's future. On his first visit to India, the founder of world's biggest e-Commerce firm said Alibaba is already working with many businesses in India. The Hangzhou-based firm will "invest more in India, work with Indian entrepreneurs and technology companies," he said.
Wed, 26 Nov 2014 17:03:28 +0530
The benchmark Sensex on Wednesday recovered 48 points to 28,386.19 after realty scrips, led by DLF, rose as government approved hiking floor area ratio in Delhi and FMCG shares, including ITC, jumped after Tuesday's slump. Rate cut hopes and short-covering ahead of Thursday's monthly expiry of derivative contracts boosted buying.
Wed, 26 Nov 2014 16:41:29 +0530
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Politics

Congress leader Salman Khurshid on Saturday reacted to Home Minister Rajnath Singh's statement wherein he said that the Islamic State was of concern to the government. He asked what the Centre was doing in this regard.
BJP is understood to have offered five Cabinet berths and an equal number of Minister of State posts to Shiv Sena in its government in Maharashtra.
CNN-IBN caught up with few woman students of the prestigious Kashmir University in Srinagar on their expectations and aspirations.
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India

The stampede had occurred near the southern gate of the 62-acre Gandhi Maidan soon after the Ravana Vadh programme got over on October 3.
The AMU Vice Chancellor had written to the HRD ministry warning that the celebrations on December 1 could lead to massive student unrest.
The raid revealed that the official had floated several shell companies.
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Tech

BSNL's new app will also provide complete call log details of the lost mobile at pre-determined intervals to emergency number feeded in the mobile.
Researchers have found that massive datasets collected using social media about what people are thinking and doing may be misleading.
Researchers are looking into ways information can be shared quickly and effectively using Bluetooth technology.
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