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Govt cites oversight; withdraws cut in rate on small savings schemes
Business

Govt cites oversight; withdraws cut in rate on small savings schemes

New Delhi, April 1: Finance Minister Nirmala Sitharaman on Thursday said the government will rollback a steep interest rate cut on small saving schemes such as PPF and NSC - saying it was an oversight, a move being seen as an attempt by the BJP to contain the fallout of a decision hitting the common...
Equity indices in green, metal stocks surge
Business

Equity indices in green, metal stocks surge

Mumbai, April 1: The key Indian equity indices traded in the positive territory on Thursday morning led by healthy buying in metal stocks.Around 10.40 a.m., Sensex was trading at 49,683.79, higher by 174.64 points or 0.35 per cent from its previous close of 49,509.15.It opened at 49,868.53 and has...
Cabinet likely to consider IDBI Bank privatisation next week
Business

Cabinet likely to consider IDBI Bank privatisation next week

NEW DELHI, March 30: As the government’s new disinvestment policy moves ahead, the Union Cabinet is likely to consider the privatisation of IDBI Bank in its meeting next week, sources said today. The LIC-owned IDBI Bank would be the first-ever public sector bank to be put on the block. People in the...
Sensex down 500 points; banking, finance stocks fall
Business

Sensex down 500 points; banking, finance stocks fall

Mumbai, March 31: The key Indian equity indices declined on Wednesday morning, with the BSE Sensex losing over 500 points.Heavy selling pressure was witnessed in banking and finance stocks.Around 10.24 a.m., Sensex was trading at 49,629.68, lower by 506.90 points or 1.01 per cent from its previous...
Banks to conduct spl clearing operations on March 31: RBI
Business

Banks to conduct spl clearing operations on March 31: RBI

Annual closure of govt accounts MUMBAI, March 29: Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The Reserve Bank has issued directions to the banks for smooth clearing...
TRAI writes to key ministries, associations, NIC, others
Business

TRAI writes to key ministries, associations, NIC, others

New norms for bulk SMSes NEW DELHI, March 29: TRAI has written to key ministries, associations like COAI and Nasscom and nodal agencies like NIC in a massive information outreach as it pulls out all stops to ensure smooth implementation of its new regulations on bulk messages after March 31....
All-India energy demand to be higher in Jan-Mar FY21: Ind-Ra
Business

All-India energy demand to be higher in Jan-Mar FY21: Ind-Ra

NEW DELHI, March 27: The all-India energy demand is expected to be higher in March quarter of 2020-21 compared to same period a year ago despite the partial lockdown in some States due to a surge in COVID-19 cases, India Ratings and Research (Ind-Ra) said. Ind-Ra has published the March 2021 edition...
India top recipient of Japanese financial aid
Business

India top recipient of Japanese financial aid

NEW DELHI, March 26: India has been the top recipient of the Japanese government’s financial aid under the Official Development Assistance (ODA) since 2003, surpassing China, an industry body said on Friday. India has been the top recipient of yen loans from Japan since 2003 surpassing China, which...
Parliament passes Bill to set up NaBFID
Business

Parliament passes Bill to set up NaBFID

NEW DELHI, March 25: Parliament today passed a Bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in the country, with Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses...
Equity indices in green, Sensex up 400 points
Business

Equity indices in green, Sensex up 400 points

Mumbai, March 26: The Indian stock market returned to the positive territory on Friday with the BSE Sensex gaining over 400 points.The indices rose as investors took to bargain buying after the recent decline over concerns of resurging Covid-19 cases both globally and in India.Around 10.10 a.m.,...
No effect of Bharat Bandh, business running as usual: CAIT
Business

No effect of Bharat Bandh, business running as usual: CAIT

New Delhi, March 26: Despite the call for Bharat Bandh across the country by some farmer organisations, markets stayed open and business was going on as usual on Friday across the country, according to the Confederation of All India Traders (CAIT).The farmers' protests have been continuing at the...
Parliament okays Budget for FY22
Business

Parliament okays Budget for FY22

No risk of India’s rating downgrade, says FM NEW DELHI, March 24: Finance Minister Nirmala Sitharaman today said there is no risk of India’s sovereign rating being downgraded as a result of higher deficits, as the Rajya Sabha returned the Finance Bill 2021 without suggesting any change to...
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