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April 30, 2016 1:58 am

He would assume office on May 1 and report to Chief Minister Naveen Patnaik. A statement from government said Bagchi will be given all the support necessary to make a difference to the youth of the state.

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April 30, 2016 1:47 am

While just six assessees reported income of over Rs 50 crore during the year, the data released by the tax department showed that less than 5 lakh assessees reported earnings of Rs 1.25 lakh per month.

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April 29, 2016 2:33 am

Finance Minister Arun Jaitley on Wednesday said that the SARFAESI Act and DRT Act are being amended to make the recovery process more efficient and expedient.

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April 29, 2016 1:53 am

P2P lending is an online web-based platform — largely operated by tech companies — that brings borrowers and lenders together to raise or lend unsecured loans.

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April 28, 2016 2:32 pm

The committee had taken an interim decision that an 8.8 per cent interest rate would be offered on EPF.

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April 27, 2016 10:15 am

While Patanjali declined to give numbers relating to its profits and margins, it said it will invest over Rs1,150 crore in the current fiscal to set up six processing and one R&D centre.

Government holds 85.96 per cent stake in NHPC.
April 27, 2016 4:12 am

As per the revised OFS rules, non-retail investors could bid for NHPC shares on Wednesday while retail investors would do so on Thursday.

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April 27, 2016 4:09 am

Talks on the free trade agreement between the EU and India started in 2007 but there has been little progress since then.

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April 27, 2016 4:04 am

Account-opening can be done at an extensive network of outlets run by DBS’ partners which include over 500 cafes across India.

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April 27, 2016 4:00 am

The counsel appearing for the auto major said that recall of vehicles is a long procedure and it would take some time.

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April 27, 2016 10:12 am

Citing Telenor as an example, Attorney General Mukul Rohatgi said that if Telenor can come out with a scheme to give free calls for every call drop, so could other telcos.

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April 27, 2016 5:23 pm

Misses expectations with a 12% year-on-year decline in its net profit to Rs 1,133.6 crore during the January-March quarter.

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April 27, 2016 3:18 am

A bench led by Justice Anil R Dave asked the SIT headed by former Judge MB Shah to apprise the court on the progress made in the probe in the scam by May 11.

People can now deposit up to Rs 1.5 lakh annually in their Public Provident Fund. (Reuters)
April 27, 2016 2:54 am

The labour minister had in February announced “interim” interest rate of 8.8 per cent for 2015-16 for over 4 crore subscribers, lower than CBT’s original recommendation of 8.95 per cent.

Gold prices declined by Rs 50 to Rs 28,350 per 10 grams at the bullion market in the national capital.
April 26, 2016 3:42 pm

However, it was business as usual for most jewellery showrooms in Mumbai and Kolkata.

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April 26, 2016 2:45 am

Hikes limit for appeals in indirect tax cases to Rs 10L in CESTAT, and Rs 15L in HCs.

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April 26, 2016 2:25 am

According to Rajan, most officials realise how complex the system is only after retirement, and an exercise like this will give them a much better sense of the changes required.

An investor holds onto prayer beads as he watches a board showing stock prices at a brokerage office in Beijing. (source: Reuters)
April 25, 2016 1:27 am

Hong Kong is the world’s largest IPO market where global companies raised $33.94 billion in 2015.

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April 25, 2016 12:47 am

Move to ensure that heavy borrowings of states do not impact the govt’s bond issuance plan.

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April 24, 2016 4:07 pm

The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015 and it could not be ascertained whether these three persons are still with the RBI.

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April 23, 2016 4:24 pm

He said that the FCI is also creating a buffer stock of pulses under which a stock of 2 lakh tonne will be available.

April 23, 2016 3:17 am

A month after announcing the constitution of a sub-committee under the High Level Committee to look into imposition of excise duty on jewellery, the government announced the names of its representatives for the committee.

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April 22, 2016 2:21 am

The move will help streamline procedures for issuance of debt securities on private placement basis, enhancing efficiency, transparency of the price discovery mechanism and improving liquidity in the secondary market.

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April 22, 2016 6:28 am

Kant also blamed the lack of consolidated strategies for infrastructure for weak logistics.

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April 22, 2016 2:11 am

Court noted that as per guidelines, every commercial airline are required to deploy in Category-II routes at least 10 per cent of their deployed capacity on Category-I routes.

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April 22, 2016 2:05 am

The Bill, once enforced, would provide a legal model for speedier resolution of disputes in public-private-partnership projects.

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April 22, 2016 1:29 am

Even as branch expansion for MF industry is considered important for penetration and offering direct service to retail investors and distributors, the industry witnessed a net decline in branch presence over the last one year.

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April 21, 2016 8:28 pm

The government also said it was working with the pension scheme trustees of Tata Steel and British Steel to minimise any pension impact on the purchaser.

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April 21, 2016 5:37 pm

Commerce and Industry Minister Nirmala Sitharaman said that the ministry would try to respond to the queries within 48 to 72 working hours.

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April 21, 2016 2:28 pm

Randy Almond, Twitter's head of marketing, told reporters Thursday the partners in turn get paid by companies hoping to improve their businesses using information from Twitter data.

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April 21, 2016 1:53 pm

Bapat said that the money collected by the city-based builder will be refunded to the depositors from today.

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April 21, 2016 12:55 pm

By the end of 2015, the length of high-speed railway (HSR) lines in operation in China exceeded 19,000 km with nearly 10,000 km under construction.

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April 21, 2016 1:37 am

This meeting is a part of the regulator’s effort to increase penetration of capital markets. The same issue was discussed in the annual brainstorming session of Sebi held from April 6-8.

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April 21, 2016 1:28 am

The firm’s operating profit margin came in at 20.1%, a fall of 10 basis points over December quarter.

European Central Bank (ECB) President Mario Draghi shakes hands during the president's advisory council of state at Belem Palace in Lisbon, Portugal April 7, 2016.  REUTERS/Rafael Marchante
April 20, 2016 3:49 pm

With economic growth still relatively weak and inflation nonexistent, Draghi will be keen to convince investors that the ECB has not run out of ammunition to support the 19-country eurozone.

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April 20, 2016 12:45 pm

Kuwait's crude production dropped from 3.0 million barrels per day to just 1.5 million bpd and refining output dived to 520,000 bpd from 930,000 bpd.