Business and Economy

Saturday, April 21, 2018Income Tax sleuths seize cash, gold in poll-bound Karnataka

Bengaluru, April 21: Income-Tax (I-T) sleuths seized Rs 4.13 crore in cash and 4.52 kg gold jewellery valued at Rs 1.32 crore during raids conducted over the last three weeks in poll-bound Karnataka, an official said on Saturday.

"Of the Rs 4.13-crore seized, Rs 4.03 crore is in Rs 2,000 and Rs 500 currency notes, with Bengaluru accounting for Rs 2.47 crore and Ballari Rs 55 lakh," said state


Friday, April 20, 2018Sensex ends flat; tech stocks surge

Mumbai, Apr 20: The BSE Sensex slipped 12 points to end at 34,415.58 today as participants turned cautious after minutes of the last Monetary Policy Committee (MPC) meeting indicated the Reserve Bank may shift to a hawkish stance in June.

However, IT stocks stole the show, with TCS emerging as the top performer in the Sensex pack, a day after the company reported a 4.4 per cent rise in March q


Friday, April 20, 2018LAVA launches first all-women operated service centre in India

New Delhi, April 20: Domestic handset maker LAVA on Friday launched its first all-women operated mobile handset service centre in India where customers will be able to view and experience the repair of their mobile handsets in front of them.

Located in Noida, it will be a one-stop destination -- providing over-the-counter mobile hardware and software resolutions to customers, the company said


Thursday, April 19, 2018Sensex up by 75 97 pts

Mumbai, Apr 19: The benchmark index of Bombay Stock Exchange (BSE) on Thursday advanced 75.97 points to 34,407.65, tracking strong Asian cues supported by a rally in oil prices and easing global trade concerns.

The Nifty of National Stocks Exchange (NSE) too advanced by 34.00 points to 10,560.20.

The sensex registered intra-day high and low at 34,478.82 and 34,386.99 points respectively.


Wednesday, April 18, 2018No currency shortage, printing of notes ramped up: RBI

Mumbai, Apr 18: The Reserve Bank of India (RBI) have assured the public that there is no currency shortage.

"Unusually large cash withdrawals" have lead ATMs in some places to run out of cash. It has been reported in a section of the media that there is shortage of currency in certain parts of the country. It is clarified at the outset that there is sufficient cash in the RBI vaults and curre


Wednesday, April 18, 2018Markets open on higher note

Mumbai, April 18: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 34,443.42 points, touched a high of 34,505.19 points and a low of 34,434.20 points.

The Sensex is trading at 34,434.73 points up by 39.67 points or 0.12 per cent from its Tuesday's close at 34,395.06 points.

On the


Tuesday, April 17, 2018World Bank notes India has recovered from demonetisation and GST, predicts 7.3% growth

New Delhi: The World Bank has noted that India now made a full recovery from the effects of demonetisation and GST which were introduced in the last two years. It further predicted a growth rate of 7.3 percent for the Indian economy in the financial year of 2019/20.
In its South Asia Economic Focus report, the World Bank stated that the Indian economy has recovered from demonetisation and GST -


Tuesday, April 17, 2018Cash crunch in many parts of India as ATMs run dry; government says solution in 3 days

New Delhi: Severe cash crisis has thrown life out of gear as ATMs have run dry in several states and cities including Telangana, Hyderabad, Varanasi, Vadodara, Bhopal, Patna and a few areas in Delhi.
Cash-starved customers in large numbers started queuing up outside ATMs and banks since early Tuesday morning to withdraw currency notes from vending machines, but most of them were either out of se


Tuesday, April 17, 2018There is more than adequate currency in circulation: Jaitley

New Delhi, April 17: Allaying fears of currency shortage in the country, Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and "there is more than adequate currency in circulation".

"Have reviewed the currency situation in the country. Overall there is more than adequate currency in circulation and also available with the banks. The temporary shortage ca


Monday, April 16, 2018Sensex pares some losses to reclaim 34K; Nifty above 10,400

Mumbai, Apr 16: The BSE benchmark Sensex trimmed some early losses tracking caution in other Asian markets after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The 30-share index was trading lower by 77.41 points, or 0.23 per cent, at 34,115.24 at 1200 hrs, led by selling on IT, energy, consumer durables, telecom, auto, banking, oil & gas counters.

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