Latest Stories
GPF To Fetch Lower Interest Of 7.9% p.a.
| Tuesday, July 16, 2019, 12:14 [IST]
In view of the falling interest rates in the financial system, the government has revised the rates on GPF or General Provident Fund and other similar funds lower by 10 basis points similar to a cut announced in case of small ...
RBI Slaps Rs.7 Crore Penalty On SBI For Non-Adherence To NPA And Other Norms
| Tuesday, July 16, 2019, 11:59 [IST]
The apex banking authority has slapped the leading state-run lender SBI with a penalty of Rs. 7 crore for not meeting some of the specified norms in relation to NPA or non-performing assets identification and fraudulent risk management, among others. {image-sbi--1538638099-1563258381.jpg ...
Sugar Stocks Surge Higher On Reports Of Govt Providing Export Subsidies
| Tuesday, July 16, 2019, 11:15 [IST]
Sugar stocks in intra-day trade on Tuesday climbed higher amid reports that the government of India has taken a decision on keeping sugar export subsidies, undeterred by rivals' complaints to the WTO. "The industry needs government support for exports. It will ...
Trump's Criticism Of Cryptocurrencies Drags Bitcoin To Levels Below $10,000
| Tuesday, July 16, 2019, 10:20 [IST]
After the US President's criticism of the largest digital token bitcoin late last week, the focus has yet again turned to the surge in prices of these cryptocurrencies this year. On Thursday, Trump on Twitter said that he is "not ...
Rupee Trades Tad Lower At 68.57/ US Dollar
| Tuesday, July 16, 2019, 09:42 [IST]
The domestic currency in Tuesday's trade opened a tad lower at 68.56 versus the previous day's close of 68.54 per US dollar. Rupee's weakness comes amid sluggishness in global emerging market currencies. Dollar has been trading lower after Jerome ...
June Trade Deficit Narrows To $15.28 Billion; Exports Fall
| Monday, July 15, 2019, 23:06 [IST]
After a period of nine months, the country's exports of goods declined by 9.7% for the month of June to $25 billion. Also, during the same time, imports shank by 9.06% to $40.29 billion. The trade deficit lowered year-on-year from $16.6 ...
India's First Upcoming Mumbai-Ahmedabad High-Speed Bullet Train To Charge For Extra Luggage
| Monday, July 15, 2019, 22:35 [IST]
In a first-of-its kind move for the Indian Railways, the National High Speed Rail Corporation (NHSRCL), which is managing the execution of the country's first-ever high-speed bullet train, connecting Mumbai and Ahmedabad, plans to charge passengers for the extra baggage. The ...
Ways To Tide Over Month-End Financial Crisis Situation
| Monday, July 15, 2019, 17:28 [IST]
Managing expenses is a tedious task and if you go overboard at any point without realizing it actually, you may land up in a situation wherein to meet your month-end expenses you may need to borrow from some source such as ...
You Can Now Buy Ready-To-Move-In Homes Using ‘Buy Now, Pay Later' Option
| Monday, July 15, 2019, 15:04 [IST]
India's property market continues to struggle with inventory piling up amid slow demand and in its wake players in the domain are keen to get away with their bulging line-up and hence have rolled out ‘buy now pay later scheme' even ...
Railways May Secure Train Sets From Private Entities
| Monday, July 15, 2019, 14:20 [IST]
As per a report by a leading daily, the national transporter Indian Railways in a major policy shift is mulling over purchase of train sets from private entities in place of manufacturing them in-house. The idea of sourcing train sets including ...
Tax Dept Likely To Extend Deadline For Income Tax Return Filing Beyond July 31
| Monday, July 15, 2019, 11:28 [IST]
Due to a slew of modifications in ITR forms, TDS certificate or Form 16 issued by the employers as well as TDS returns filed by employers with the department of tax, it is highly anticipated that the department this time around ...
DHFL Cautions It May Not Sustain As A Going Concern
| Monday, July 15, 2019, 10:21 [IST]
The country's leading housing finance company DHFL on Saturday while reporting its January-March quarter results warned that its financial condition had been so stressful that it may not sustain as a going concern. In a statement to the exchanges, ...
