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Sensex gripped by US rate hike fears, ends up in red zone

The 30-share index stayed in the negative zone for the most part. But some fag-end value buying meant it recovered a bit before closing at 28,077.18, down 52.66 points

PTI | Oct 21, 2016 06:32 PM

India's steel production up by 6% in Jan-Sept, global output shows downward trend

According to the latest data by World Steel Association (World Steel), Asia was the only region where production of the metal registered an upward trend in steel production.

PTI | Oct 21, 2016 05:57 PM

Regional connectivity scheme 'UDAN' takes off, airfares capped at Rs 2,500 for 1-hour flight

Fliers on major domestic routes will soon have to shell out more for flights to fund the government's regional connectivity scheme (UDAN) announced on Friday under which fares will be capped at Rs...

PTI | Oct 21, 2016 04:50 PM

32 lakh debit cards affected by security breach: HDFC, SBI, Yes Bank, ICICI and Axis worst hit

A major cyber-attack at the back-end system of a bank has suspected to compromised at least 32 lakh debit cards used in ATM that are suspected to have exposed card and PIN details to malware at the...

News Nation Bureau | Oct 20, 2016 03:55 PM

GST council discusses four-slab tax structure; additional cess on demerit goods

A four-slab GST tax structure of 6, 12, 18 and 26 per cent with lower rates for essential items and the highest for luxury goods that will also be levied with an additional cess was mooted on Tuesday...

PTI | Oct 18, 2016 11:09 PM

Arun Jaitley chairs GST Council meet to deliberate over rates, compensation to states

Finance Minister Arun Jaitley will chair the three-day meeting of GST Council beginning Tuesday to deliberate over a range of issues. GST rate and compensating states against revenue losses under the...

News Nation Bureau | Oct 18, 2016 10:06 AM

Petrol price hiked by Rs 1.34, diesel by Rs 2.37 a litre, fifth increase in two months

Petrol price was on Saturday hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates. The hike announced by oil companies is...

PTI | Oct 15, 2016 08:12 PM

Exports up 4.62 per cent in September; trade deficit at 9-month high

Recovering from a two-month decline, exports went up by 4.62 per cent to USD 22.9 billion in September. Sectors which helped the outbound shipments revive include engineering (6.51 per cent), gems and...

PTI | Oct 15, 2016 12:10 AM

Air India reports an operating profit of Rs 105 crores for first time in decade

For the first time in a decade, Air India has reported an operating profit of Rs 105 crore in 2015-16, aided by lower fuel costs and higher passenger numbers, even as the national carrier incurred a...

PTI | Oct 15, 2016 12:10 AM

Finance Ministry warns tax officials of disciplinary action against GST protest

In the run-up to GST rollout, the finance ministry has warned tax officials of disciplinary action if they go ahead with planned protests, including taking mass casual leave, on the budget day.

PTI | Oct 14, 2016 04:45 PM

India is a "bright spot", but NPAs in public sector banks pose threat to progress : IMF Chief Economist

IMF Chief Economist Maurice Obstfield has described India as a "bright spot" in the complex set of economic forces. He also said that NPAs in Indian public sector banks stand as hurdle despite the...

PTI | Oct 14, 2016 04:41 PM

Wholesale inflation eased to 3.57 per cent as vegetable prices soften

Wholesale inflation eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices. The wholesale price-based inflation, reflecting the annual rate of price...

PTI | Oct 14, 2016 04:34 PM

IIP continues in negative zone shrinks 0.7 per cent in August

Contracting for the second month in a row, industrial production dipped 0.7 per cent in August due to a slump in manufacturing and mining though the industry remained optimistic that the festive...

PTI | Oct 11, 2016 12:03 AM

UAE-India economic forum's second edition to prospect investment options in Indian infrastructure

UAE-India economic forum's second edition to prospect investment options in Indian infrastructure, ports, railways and tourism will be held this month in India.

PTI | Oct 09, 2016 03:46 PM

India’s foreign exchange reserves reach record high of USD 372 billion

India’s foreign exchange reserves scaled a new high of USD 371.99 billion, up USD 1.223 billion for the week to September 30, as per the Reserve Bank data.

PTI | Oct 09, 2016 08:25 AM