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Apple team meets Indian officials to seek tax concessions

January 26, 2017

ET BUREAU I IANS: A team from Apple Inc on Wednesday met officials of the Commerce and other ministries to seek tax concessions for manufacturing and setting up its stores in India.

“We’ve been working hard to develop our operations in India and are proud to deliver the best products and service…

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Sensex soars 333 pts on earnings, F&O expiry, global cues

January 25, 2017

                                                                                                                                                                                                   Mumbai,…

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ATM withdrawal limit up at Rs 10,000;weekly limit stays at 24K

January 16, 2017

Mumbai, Jan 16 (PTI)

 In a major relief, the Reserve Bank today more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000.

RBI however doubled the weekly withdrawal limit from current accounts to Rs 1 lakh from Rs 50,000 - a move which will eas…

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RBI imposes curbs on old note deposits exceeding Rs 5,000

December 19, 2016

PTI,

New Delhi: The Reserve Bank on Monday imposed stiff restrictions on depositing more than Rs 5,000 in the scrapped Rs 500 and Rs 1,000 notes, mandating that it can be deposited only once per account till December 30, that too after explaining to bank officials the reasons for not having done …

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Gold falls by Rs. 200 on weak global cues, muted demand

December 5, 2016

PTI,

New Delhi:  Gold prices drifted lower by Rs. 200 to Rs. 29,050 per 10 gm at the bullion market here today, tracking a weak trend overseas amid tepid demand in the domestic spot market on prevailing cash crunch following demonetisation of high value notes.

Silver strengthened however…

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53,221 petrol pumps in the country: Govt

December 5, 2016

PTI,

New Delhi: There are 53,221 petrol pumps in the country of which 41,140 are located in urban areas, Lok Sabha was informed today. 

Power Minister Piyush Goyal said the expansion of retail outlets network by oil marketing companies (OMCs) throughout the country is a continuous process …

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PM Narendra Modi asks Indian energy companies to become MNCs

December 5, 2016

"Energy in general and hydrocarbons in particular is an important part of my vision for India's future," he said.

PTI,

New Delhi: Pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi today outlined a vision for creating energy corridors to the Middle-East, Cen…

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Saibaba Temple gets Rs 3 cr in scrapped notes post Nov 8

December 5, 2016

PTI

Mumbai:The Shri Sai Baba Shirdi Sansthan, managing one of the most revered temples in the country, received Rs three crore in the scrapped notes of Rs 1,000 and Rs 500 denominations after the government's demonetisation move, the temple trust said today.

Following demonetisation, temples h…

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RBI sets rupee reference rate at 68.6535 against US dollar

November 29, 2016

PTI,

Mumbai, Nov 29: The Reserve Bank of India today fixed the reference rate of the rupee at 68.6535 against the US dollar and 72.8002 for the euro.

The corresponding rates were 68.7235 and 73.1768, yesterday.

According to an RBI statement, the exchange rates for the pound and the yen aga…

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Sensex edges higher for 2nd day; telecom, power save the day

November 28, 2016

PTI,

Mumbai, Nov 28: In a volatile trade, BSE Sensex moved up by another 34 points to end at 26,350.17 on sustained buying mainly in telecom, power, realty and auto, but banking stocks were under pressure as RBI unexpectedly increased the CRR to 100 per cent on incremental deposits.

Besides b…

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