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91 lakh persons come under tax net post note ban: FM

By   /  May 16, 2017  /  Business  /  Comments Off on 91 lakh persons come under tax net post note ban: FM

New Delhi, May 16 (PTI): The number of persons under the tax net has increased by 91 lakh as unaccounted cash lost anonymity post note ban, Finance Minister Arun Jaitley said today. Launching a new website on ‘Operation Clean Money’, a programme to bring illegal wealth on books, he said the fallout of the November […]

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Markets conquer new peaks, Nifty scales 9,500

By   /  May 16, 2017  /  Business  /  Comments Off on Markets conquer new peaks, Nifty scales 9,500

Mumbai, May 16 (PTI) :Markets soared to record-smashing heights for the second straight session today as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer. Benchmark Sensex finished at a fresh lifetime high of 30,582 while the broader Nifty closed above the 9,500-mark for the first time. Both indices had hit […]

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Govt. owes Rs 451.75 crore to Air India

By   /  May 10, 2017  /  Business  /  Comments Off on Govt. owes Rs 451.75 crore to Air India

New Delhi , May 10 (PTI): The Central government owes Rs. 451.75 crore to Air India for VVIP flights carrying the President, Vice President and the Prime Minister, as well as special missions, according to the latest data provided under the Right To Information Act. As per the information provided in response to the RTI […]

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SoftBank recognises $1.4 bn losses from India investments

By   /  May 10, 2017  /  Business  /  Comments Off on SoftBank recognises $1.4 bn losses from India investments

New Delhi, May 10 (IANS): Japanese conglomerate SoftBank Group Corp (SBG) on Wednesday recognised losses of $1.4 billion in 2016-17 from its India investments — Snapdeal and Ola. “SBG recorded loss from financial instruments of 160,419 million Japanese Yen ($1.4 billion) in its consolidated financial statements for the fiscal year ended March 2017. This mainly […]

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RBI puts IDBI Bank under watch for high bad loans

By   /  May 9, 2017  /  Business  /  Comments Off on RBI puts IDBI Bank under watch for high bad loans

New Delhi, May 9 (PTI): The Reserve Bank has put IDBI Bank under watch by initiating Prompt Corrective Action against it, a move that will place various restrictions on the lender including on fresh loans and dividend distribution. “This is to inform that RBI (on May 5) has initiated Prompt Corrective Action for IDBI Bank […]

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Gold snaps 7-day fall, gains Rs 20

By   /  May 9, 2017  /  Business  /  Comments Off on Gold snaps 7-day fall, gains Rs 20

New Delhi, May 9 (PTI) : Bringing to an end its 7-day falling streak, gold today recovered marginally on fresh buying by local jewellers, rising Rs 20 to hit Rs 28,570 per 10 grams, aided by a firm global trend. Silver, on the other hand, continued its slide on slack demand from industrial units and […]

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India keen to source defence technologies from Japan: Jaitley

By   /  May 9, 2017  /  Business  /  Comments Off on India keen to source defence technologies from Japan: Jaitley

Tokyo, May 9 (PTI): India is looking to strengthen its military cooperation with Japan and is interested in sourcing defence technologies for domestic manufacture of arms and equipment, Defence Minister Arun Jaitley said. Jaitley, who on Monday met his Japanese counterpart Tomomi Inada, said India and Japan “a very strong relationship between (their) defence forces” […]

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Govt working on auction for commercial mining

By   /  May 3, 2017  /  Business  /  Comments Off on Govt working on auction for commercial mining

New Delhi, May 2 (PTI) : The government is working on various auction models with regard to sale of coal blocks for commercial mining by private companies, a senior official said today. “We are formulating a proposal detailing the auction models to be considered by an inter-ministerial committee,” Coal Joint Secretary Vivek Bharadwaj said. An […]

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ED files new money laundering case against Noida scam accused

By   /  May 3, 2017  /  Business  /  Comments Off on ED files new money laundering case against Noida scam accused

New Delhi, May 2 (IANS): The Enforcement Directorate (ED) on Tuesday filed a fresh case of money laundering against Anubhav Mittal and his associates in the alleged Rs 3,700 crore Noida online trading scam. “The agency, on the basis of new facts arising out of its investigation, registered the case against Mittal under the Prevention […]

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Tata Steel UK sells its speciality steel business to Liberty House

By   /  May 3, 2017  /  Business  /  Comments Off on Tata Steel UK sells its speciality steel business to Liberty House

Kolkata, May 2 (IANS) : Tata Steel UK on Tuesday said it has completed the sale of its speciality steel business to Liberty House Group for 100 million pounds. The sale includes several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham, the steel purifying facility in Stocksbridge and a mill […]

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