Business

Note ban move will be viewed with pride by next generation Arun Jaitley

Note ban move will be viewed with pride by next generation Arun Jaitley

On November 8 last, Prime Minister Narendra Modi announced the demonetisation of 1,000 and old 500 notes to “combat corruption, black money, terrorism and fake currency.” Finance Minister Arun Jaitley, on the eve of the first anniversary of the Union government’s decision to demonetise high-value currency, termed the move as …

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International banking must for better growth prospects World Bank

International banking must for better growth prospects World Bank

Developing economy policymakers would do well to consider how to maximise the benefits of cross-border banking while minimising its costs, it has said. The restrictions imposed on foreign banks operating in the developing countries since the 2007-09 global financial crisis are hampering better growth prospects by limiting the flow of …

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Apple tax avoidance plan laid bare in leaked documents

Apple tax avoidance plan laid bare in leaked documents

Prior to 2014, California-based Apple had taken advantage of tax rules to route overseas revenue through Irish subsidiaries to minimize taxes. Apple shifted much of its offshore wealth in the face of a tax crackdown on a haven it had in Ireland, according to reporting on Monday on the Paradise …

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Sensex hits new record of 33,853.63, Nifty rises 34 points

Sensex hits new record of 33,853.63, Nifty rises 34 points

The 30-share Sensex climbed 122.44 points, or 0.36%, to scale a new high of 33,853.63, breaching its previous intra-day record of 33,848.42 hit on November 6. The benchmark BSE Sensex on Tuesday scaled a new peak of 33,853.63 as its record setting spree continues for a third day on the …

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Renault launches new SUV model Captur

Renault launches new SUV model Captur

The Captur will be available in petrol and diesel engine options, both of which will have 1.5 litre capacity. French auto major Renault on Monday launched a new model Captur, with introductory price between ₹ 9.99 lakh and ₹13.88 lakh (all—India), enhancing its presence in the SUV segment. The Captur …

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Private firms likely to get 60% in ONGC fields

Private firms likely to get 60% in ONGC fields

The objective is to raise production Nearly 25 years after Oil and Natural Gas Corp. (ONGC)- discovered prime oilfields were privatised, the Oil Ministry has identified 11 more oil and gas producing fields of the State-run firm for handing them over to private firms to raise output. The Ministry is …

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Bakery firm Bauli eyes €80 mn investment

Bakery firm Bauli eyes €80 mn investment

Soft cakes, veggie options on its radar Italian bakery and confectionary major Bauli Group has committed to investing €80 million in lndia to manufacture its range of products in India for the domestic and exports markets. The company has already invested €35 million in a manufacturing facility at Baramati in …

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Paytm opens ‘Inbox’ for in-chat payments

Paytm opens ‘Inbox’ for in-chat payments

Users can now transact while texting Digital payments provider Paytm on Thursday unveiled its own messaging platform with an option of making in-chat payments — Inbox, ahead of global giant WhatsApp, which is likely to announce in-chat payments soon. Chat and pay The service will allow users to chat with …

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Sensex, Nifty hit new peaks

Sensex, Nifty hit new peaks

Investors also took keen interest in the unveiling of tax reforms by House Republicans in Washington. Stocks were firmly in the saddle on Friday as both indices Sensex and Nifty jumped to new peaks after the announcement of a new US Federal Reserve chief. Investors also took keen interest in …

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India to attract $10 billion in food processing sector in 3 years: Govt

India to attract $10 billion in food processing sector in 3 years: Govt

The event, organised by Food Processing Industries (FPI) ministry, aims to transform the country’s food economy. Prime Minister, Narendra Modi, inaugurate a mega-event World Food India 2017 in the New Delhi on Friday. The three day-international mega food event will have Germany, Japan and Denmark as the Partner Countries, in …

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