Online data bank to check black moneyIn order to check black money and tax evasion, an online data bank is being setup by the Finance Ministry for effective coordination and dissemination of various inputs pertaining to illegal funds.
US trade mission under cloudAn American trade mission due to commence on Monday, for exploring business opportunities in the infrastructure sector, has come under a cloud.
Govt plans to relax visa rules to tap transit touristsForeign tourists could soon make a quick dash to Agra to see the Taj Mahal or to Jaipur for a glimpse of the Hawa Mahal if they plan their transit time in India to allow such visits.
30 software product firms break free from NasscomThirty Indian software product companies have come together to form a new association, marking the first break from the omnibus IT industry body Nasscom and reflecting the growing confidence and maturity of the software product community.
Central Bank cuts lending, deposit ratesState-owned Central Bank of India today announced a reduction of 0.25 per cent in its base rate or the minimum lending rate to 10.25 per cent.
Bajaj bike sales up 2% in JanuaryThe country's second largest two wheeler maker Bajaj AutoBSE 1.26 % today reported 2.35 per cent rise in its motorcycle sales at 3,01,361 units in January 2013.
Amway India to set up Rs 500cr plant in Tamil NaduDirect selling FMCG company Amway India today said it is setting up an over Rs 500 crore greenfield manufacturing facility at Nilakottai in southern Tamil Nadu.
RBI may cut lenders' key debt ratio next fiscal yearThe Reserve Bank of India is considering cutting the held-to-maturity ratio for lenders starting in April, while also looking into bond purchases via open market operations in the next two months to improve liquidity, a top official said on Saturday.
India's forex reserves up by $77 millionIndia's foreign exchange (forex) reserves increased by $77.6 million to $295.74 billion for the week ended January 27, according to data released by the central bank.
Govt gets Rs 3,100cr through OIL selloffThe government on Friday raised about Rs 3,100 crore through the divestment of 10% stake in Oil India (OIL), selling about 6.01 crore shares of the state-owned oil explorer at Rs 520 per share.
Car sales start new year in low gearCar sales began the new year on a poor note as economic slowdown and high fuel prices continued to batter demand in January. Price hikes during the month and continuance of high interest rates, also dampened sentiments of buyers.
RBI seeks to cut use of cheque booksCheque books may go the way of physical share certificates if proposals mooted by the Reserve Bank of India (RBI) are enforced.
Manufacturing output growth weakens in Jan: SurveyGrowth in the country's manufacturing sector slowed to a three-month low in January due to the impact of easing orders and power outages, a survey showed on Friday.
Nissan to launch automatic variant of Micra, SunnyAs part of its plans to have a 10 per cent share in the domestic automobile market, Japanese auto giant Nissan today said it would introduce an automatic transmission variant of its flagship hatchback 'Micra' and mid-sedan 'Sunny' soon in India.
Banks' provisioning to increase by Rs 150 billion over 2013-15: CrisilCrisil Ratings, India's largest credit rating agency, believes that Reserve Bank of India's (RBI's) draft guidelines, if implemented in the current form, would increase the banking sector's provisioning requirement by Rs.150 billion between April 2013 and March 2015.
GAIL becomes a Maharatna companyGAIL (India) Limited, India's largest natural gas company has been accorded the Maharatna status by the government on Friday, making the youngest public sector undertaking to be bestowed this recognition.
Cheques may soon go the way of share certificatesReserve Bank of India has floated a discussion paper that looks at ways and means to discourage cheque transactions and pomotes a shift to electronic payments. RBI, electronic payments, cheques
US adds 1,57,000 jobs in JanuaryJob growth grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.
RIL regains top position, topples ONGCReliance Industries today reclaimed the status of country's most valued company, replacing state-run energy major ONGC from the top position.
Rupee up for 4th straight week, more gains likelyRupee closed marginally stronger on Friday and strengthened for a fourth straight week with dollar inflows into the domestic share and debt markets boosting the local unit with traders now awaiting the US non-farm payrolls for direction.
Tata Motors, UltraTech fall briefly, NSE probes declineTata Motors Ltd and UltraTech Cement Ltd shares briefly dropped as much as 10 per cent each, before sharply cutting losses, after a series of shares were sold at lower prices, traders said.
Hyundai hikes prices across modelsHyundai Motor India Ltd today said it has increased prices of all models starting from Eon to Santa Fe with immediate effect by up to Rs 20,878 to offset impact of rise in input cost and fluctuation in currency.
Jet Airways swings to profitIndia's second biggest carrier Jet Airways, close to a tie-up with Abu Dhabi's Etihad Airways, swung to a quarterly profit of 850 million rupees on Friday on lower costs and rising fares in an under-serviced market.
Sensex falls 114 points on proft-bookingBSE benchmark Sensex today closed 114 points lower on profit-booking amid weak earnings by Bharti Airtel and BHEL.
Sensex falls for 2nd day, Bharti Airtel, ICICI Bank hitSensex shares fell for the second day on Friday led by declines in Bharti Airtel after its December quarter results missed estimates by a wide margin, while ICICI Bank fell on profit booking, after rising 4.65% in January.
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