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Customer PAN must for deposit exceeding Rs.50,000: RBI

RBI has asked banks to ensure that customers submit a copy of permanent account number (PAN) card for any cash deposit exceeding 50,000 rupees, if it ...


Sensex surges 317 points in early trade on key macro data

The benchmark Sensex rebounded almost 317 points to 26,621.40 and the broader Nifty reclaimed the 8,200-mark in early trade today on account of positi...


WPI inflation dips to 3.39% in October

Falling for the second straight month, wholesale price inflation eased to 3.39 per cent in October this year against 3.57 percent in September and min...


March 2017 deadline for bank clean up still stands: RBI Dy.Governor

RBI’s deputy governor N S Vishwanathan has reiterated that March 2017 still stands as the deadline for banks to clean up their balance sheets. Speakin...


Petrol prices cut by Rs.1.46/ litre,diesel price cut by Rs.1.53/ litre

Petrol price has been slashed by one rupee 46 paise per litre, while diesel price by one rupee 53 paise a litre excluding state levies the new rate ca...


Rupee tumbles 42 paise against U.S.dollar

The rupee was trading 42 paise lower at 67.67 against the U.S. dollar in early trade on Tuesday.On Friday, the rupee lost 62 paise to end at over thre...


Sensex crashes 344 points on capital outflows

The benchmark BSE Sensex crashed by over 344 points and the NSE Nifty dipped below 8,200-mark in early trade today as investors engaged in cutting dow...


FDI in services sector jumps to $5.3 billion during April-Sept

FDI inflows into the services sector jumped over two-and-a-half times, to 5.3 billion dollars in the April to September period of the current fiscal.T...


MFs folio count rises 36 lakh in April-October to record 5.13 crore

Driven by addition in equity fund folios, mutual fund houses registered a surge of more than 36 lakh investor accounts in the first seven months of th...


RBI directs banks to waive ATM charges till Dec 30

Reserve Bank of India has directed banks to waive off ATM charges on all transactions at own banks as well as others till December 30.In a late night ...


Govt relaxes cash withdrawl norms

The government relaxed cash withdrawal norms from banks on Monday in a bid to help the rural poor and small businesses that are hit the hardest follow...


Banks closed today

With banks closed in many parts of the country, cash-strapped people started making beeline outside ATMs from early morning but with limited success a...


Rs.500 and Rs.1,000 notes valid till Nov 24

Economic Affairs Secretary Shaktikanta Das on Monday announced that the now-defunct currency would be accepted at government hospitals, petrol station...


Tata-Mistry row intensifies

The Tata-Mistry feud flared up yesterday, with the ousted chairman Cyrus Mistry rebutting allegations of "drifting away" Tata companies during his ten...


Govt launches new Rs.500 notes

The government has introduced the new series of 500 rupees denomination notes at the SBI Parliament Street Branch in New Delhi for the convenience of ...


Singles Day: Alibaba breaks record sales total

E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event.The company said sales this year had reached 121bn yuan ($18bn; ...


Industrial production grows at 0.7 percent in September

The country's industrial production grew point 7 percent in September this year, year-on-year, mainly due to poor performance by the manufacturing, ...


ED seizes fresh assets of Vijay Mallya worth nearly Rs.1.600 crore

Enforcement Directorate (ED) has seized fresh assets of Industrialist Vijay Mallya, worth nearly Rs 1,600 crore, in connection with a money launderi...


Audi launches new RS 7 in India

German luxury car manufacturer Audi today launched its new Audi RS 7 Performance in India priced at Rs 1.6 crore (ex-showroom Delhi). The car is power...


Sensex crashes 413 points on profit-booking

BSE Sensex crashed nearly 413 points and NSE Nifty cracked below the 8,400-mark in early trade today on profit-booking at higher levels and foreign ca...


Rs.1,000 currency notes to be back soon: Centre

The Union government plans to re-introduce Rs 1,000 currency note with a new design and additional security features once the dust settles on the deci...


Govt denies media reports about Income Tax raids

Finance Ministry has denied media reports about Income Tax department's raids in Mumbai, New Delhi and Chandigarh and clarified that it was only a sur...


Sensex rebounds 390 points in early session today

Recuperating from a double whammy of Trump win and the Centre's black money crackdown, Sensex today soared over 390 points and Nifty topped the 8,500-...


Ishaat Hussain replaces Cyrus Mistry as TCS Chairmain

Tata Sons has appointed Ishaat Hussain as the Chairman of the group's hugely successful IT firm TCS in place of Cyrus Mistry, who was ousted last mont...


Banks to remain open on Saturday & Sunday to help exchange their old notes

Banks across the country will remain open on Saturday and Sunday as the government gears up to implement demonetisation of high-denomination currency ...


Direct tax collection on 10.6% to Rs.3.77 lakh cr

Direct tax collections have soared over 10 per cent during the April-October period of 2016-17 of current financial year on higher personal tax receip...


Deposits above Rs.2.5 lakh to invite penalty on income mismatch

The Government has warned that the cash deposits above 2 lakh 50 thousands rupees threshold under the 50-day window can attract tax plus a 200 percent...


New series of Rs.500 & 2000 notes to be available from today

Union Finance Minister Arun Jaitley has said that the new series of 500 and 2,000 rupees notes will be available in banks and post-offices from today ...


Stock markets tumble, rupee down; investors lose Rs.6 trn

Stock markets tumbled today with an estimated Rs 6 lakh crore getting wiped off from the invested wealth within seconds of opening trade as Sensex plu...


Sensex crashes 1,689 points on black money crackdown, US election

On frantic selling, stock market benchmark BSE Sensex crashed nearly 1,689 points and Nifty plunged by over 541 points on early US election trends sho...

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