Govt extends tenure of PLI scheme for Automobile industry by a year with partial amendments
The government has extended the tenure of Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendme...
Coal Sector achieves 10.9% growth in December 2023
Coal Sector has achieved 10.9 percent growth in December, 2023 due to a substantial surge in coal production. According to the Coal Ministry, the coal...
RBI Says Rs 9330 Crore of 2000 Notes Yet to Return
The Reserve Bank of India (RBI) on Monday said that banks have received 97.38 per cent of the Rs 2,000 denomination banknotes in circulation and only ...
Bajaj Auto Dec sales rise 16 pc to 3,26,806 units
New Delhi: Bajaj Auto on Monday reported a 16 per cent rise in total sales at 3,26,806 units in December 2023.The company had sold a total of 2,81,514...
Centre constitutes 16th Finance Commission with Dr Arvind Panagariya as its Chairman
The Centre has constituted the Sixteenth Finance Commission. Former NITI Aayog Vice Chairman, Dr Arvind Panagariya who is a Professor at C...
GST evasion of Rs 18.55 cr unearthed
The commercial taxes department has unearthed an alleged case of evasion of `18.55 crore GST by Sri Kavya Mining Infrastructures Private Limited, whos...
India will become USD 5 trillion economy in 2-2.5 years: Piyush Goyal
New Delhi: Commerce and Industry Minister Piyush Goyal has said that in the next two and a half years, India will become a USD 5 trillion economy whil...
RBI imposes monetary penalty of Rs 2 lakh on Sardargunj Mercantile Co-operative Bank
Mumbai: The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co...
Coal production in country has shot up to over 664 million tonnes in financial year 2023
The coal production in the country has shot up to over 664 million tonnes during the current financial year which is a robust 12.29 percent increase o...
Oil Marketing Stocks Rally as Crude Prices Dip Below 80
A slide in crude prices to below 80 dollar a barrel triggered up to 9 percent rally in the stocks of oil marketing companies (OMC) on December 28 as l...
Government issues notice to nine offshore cryptocurrency platforms for non-compliance under Prevention of Money Laundering Act
The Financial Intelligence Unit India (FIU IND) has issued compliance show cause notices to nine offshore Virtual Digital Assets Service Providers (VD...
MSP for Copra for 2024 season hiked
The Cabinet Committee on Economic Affairs CCEA has approved the Minimum Support Price - MSP for Copra for the 2024 season. Briefing media in New Delhi...
Oil prices declined over half a percent as investors monitor Red Sea developments through trade route
Oil prices declined over half a percent yesterday as investors monitored Red Sea developments, with some major shippers resuming passage through the t...
RBI Releases Draft Licensing Framework for Authorised Persons Under FEMA
The Reserve Bank of India (RBI) yesterday released a draft 'Licensing Framework for Authorised Persons (APs)' under Foreign Exchange Management Act (F...
Gold Up at MCX, Silver Futures Also Show Increase
Yesterday, gold was trading up at the Multi Commodity Exchange for February contracts. The precious metal was up 195 rupees to trade at 63,149 rupees ...
CBDT notifies Income Tax Return forms 1 and 4, meant for assessment year 2024-25
The Central Board of Direct Taxes (CBDT) has notified on Saturday Income Tax Return (ITR) forms 1 and 4, meant for the assessment year 2024-25.The for...
Oil prices rise one percent due to prevailing geopolitical tensions after Houthi attacks on ships in Red Sea
Oil prices rose about one percent yesterday due to prevailing geopolitical tensions after Houthi attacks on ships in the Red Sea.In intra-day trade, B...
India to be fastest growing economy in FY25 says Fitch ratings
Mumbai: Fitch Ratings expects India to be among the world's fastest-growing countries, with resilient GDP growth of 6.5 per cent in 2024-25. For the c...
Rupee up 2 paise to 83.25 against US dollar in early trade
Mumbai: The rupee rose 2 paise to 83.25 against the US dollar in early trade on Friday, tracking lower greenback on the back of easing US bond yield.H...
Africa’s second largest oil producer Angola leaves OPEC after disagreements over production targets
Africa’s second biggest oil producer, Angola has said that it is leaving OPEC after disagreements over its production targets, in a blow to the oil ca...
Centre launches ninth round of auction for commercial coal mines
Coal Minister Pralhad Joshi launched the 9th round of Commercial Coal Mine Auctions in New Delhi yesterday. Addressing the gathering, Mr Joshi said a ...
Brent Crude Hits 80/Barrel on Global Trade Concerns and West Asia Geopolitical Tensions
Brent crude oil topped 80 dollars per barrel yesterday amid jitters over global trade disruption and geopolitical tensions in the West Asia.In intra-d...
Rashmi Group gets coal mining rights in West Bengal
Kolkata: City-based business conglomerate Rashmi Group has bagged the first-ever private coal mining rights in West Bengal.The union coal ministry thr...
Sensex, Nifty hit fresh all-time high levels
Mumbai: Benchmark equity indices Sensex and Nifty hit their fresh all-time high levels in early trade on Wednesday amid a firm trend in global markets...
China’s Alibaba names CEO Eddie Wu to head its e-commerce business
Hong Kong: China’s Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-...
India emerges as star performer and is projected to contribute more than 16 percent of global growth: IMF
India has emerged as a star performer and is projected to contribute more than 16 percent of the global growth. This was stated by the International M...
RBI directs banks to refrain from investing in any scheme offered by Alternative Investment Funds
Mumbai: The Reserve Bank of India has directed all Commercial Banks, Co-operative Banks, Non-Banking Financial Companies including Housing Finance Com...
Crude oil prices climbed nearly 2% on Monday
Oil prices remained flat yesterday. Earlier, crude oil prices had climbed nearly 2% on Monday on fears over the disruptions to trade via the Suez Cana...
Gold trading down at Multi Commodity Exchange for February contracts
Yesterday, gold was trading down at the Multi Commodity Exchange for February contracts. The precious metal was down 78 rupees to trade at 62,213 rupe...
Government asks leading Rice Industry Associations to reduce retail price of rice with immediate effect
The Government has asked the leading Rice Industry Associations to ensure that the retail price of rice is reduced with immediate effect. Secretary, D...
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