The govt on Wednesday extended the last date for filing of income tax returns by five days to 5th Aug, this year till 30th July about 92 lakh returns have been electronically filed. The due date, which was on Wednesday, has been extended in wake of unprecedented surge in number of I-T returns being filed […]
Wiping out most of its early losses, the S&P BSE benchmark Sensex on Wednesday closed almost flat on revival of buying by funds after marginal recovery in rupee from record lows and the government announced steps to revive investment climate. After falling to 19,126.82 points intra-day, Sensex managed to close with just a loss of […]
The rupee breached the 61-mark again by falling 60 paise to 61 rupees 7 paise against the dollar in early trade. This follws heavy month-end demand for the US currency amid growth concerns. The rupee had declined by a whopping 106 paise to close at three-week low of 60 rupees 47 paise yesterday. It […]
Union Minister of Textiles Dr. K S Rao has said that Handicraft sector is providing direct employment to more than 70 lakh artisans and craft persons, mostly from backward and weaker sections of society. Speaking on the occasion of 19th handicrafts Export Awards function held in New Delhi, the Minister expressed the hope that the […]
India’s leading infrastructure giants, Larsen & Toubro (L&T) has bagged its largest ever contract to build Saudi Arabia’s Riyadh Metro Rail Project. The massive project costs around 8250 crores rupees. The project consists of construction of bridges, tunnels, elevated and underground stations, depots, roads, systems for closed circuit television and public announcements with allied systems […]
The BSE benchmark Sensex on Wednesday fell over 147 points in early trade dragged down by realty, power and banking sector stocks on sustained selling by funds and retail investors, after RBI lowered GDP forecast amid a falling rupee. Extending losses for the sixth straight session, the 30- share barometer fell by 147.86 points, or […]
Yes Bank Ltd has has revised its deposit rates by 0.25% to 0.5% in select tenors. This provides an opportunity for retail depositors to lock in higher rates on term deposits. The Bank has also consequently revised its Base Rate to 10.75% (an increase of 0.25%) effective August 01, 2013.
The Ministry of Finance has said there has been an overwhelming response for e-filing of Income Tax return from every corner of the country and more than 88 lakh returns have been e-filed so far. An official release said, this is more than 40 per cent of the returns e-filed during the same period […]
The Government will sell 3.74 crore shares in National Fertilisers Ltd (NFL) through an offer for sale and the issue will hit the markets on Wednesday. “The EGoM today has cleared NFL offer for sale (OFS). The issue will hit the markets tomorrow,” Disinvestment Secretary Ravi Mathur told reporters in New Delhi on Tuesday. The […]
Banks are unlikely to increase lending rates in the near future despite recent liquidity tightening measures announced by the RBI to contain rupee fall, as demand for loans have remained weak. As liquid tightening measures were likely to be temporary, any change in lending rates would depend on the length of these measures, according to […]
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