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    Los Angeles, CA : Multi-Platinum singer/songwriter Shawn Mendes released his highly anticipated self-titled third album today, via Island Records. Get..
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Business

Indirect tax collection up 3.3% in April

Indirect tax collection in April, the first month of the 2013-14 fiscal, grew by a meagre 3.3 percent to Rs 33,684 crore with excise duty collection declining 14.7 percent year-on-year. Customs duty collection grew by 12.8 percent to Rs 13,083, while service tax collection grew 13.6 percent to Rs 10,712 in April, a senior Finance […]

Business

Direct transfer of cash sops on LPG in 20 districts from June

The govt will from 1st June roll out direct transfer of cash subsidy on cooking gas (LPG) in 20 districts as it looks to cut its subsidy outgo by up to Rs 10,000 crore annually by eliminating diversions. Oil Minister M Veerappa Moily on Wednesday said 76 lakh consumers in 20 districts like Mysore, North […]

Business

AI to focus on making Dreamliners its workhorse

Air India is set to replace all its eight Boeing B-777 (LR) aircraft with the help of the US aircraft manufacturer and make the B-787 Dreamliners its workhorse over the next few years. The announcement by Air India CMD Rohit Nandan came on a day when two of the airline’s six Dreamliners resumed commercial operations […]

Business

Gold demand may come down with decline in inflation:Rangarajan

Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said. Also, the steps being taken to curb gold demand are expected to bring down the current account deficit (CAD) by 0.4-0.5 per cent of GDP in […]

Business

Chandilya appointed Air Asia India CEO

Air Asia India will have India-born management consultant Mittu Chandilya as its CEO, with the AirAsia Group Board formally approving his appointment. “I am pleased to announce the Board of Air Asia India has appointed Mittu Chandilya as CEO AirAsia India,” AirAsia group Chief Executive Officer Tony Fernandes tweeted on Wednesday. The Civil Aviation Ministry […]

Business

RBI inflation bonds for attracting household savings on 4th June

The Reserve Bank has announced it will launch inflation-linked bonds every month, starting 4th June, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold. “RBI, in consultation with Government of India, has decided to launch Inflation Indexed Bonds (IIBs),” the central bank said in statement […]

Stock & Share

Sensex hits 27-month high, climbs 491 points on rate cut hope

The BSE benchmark Sensex on Wednesday rose by a massive 491 points to close at 27-month high at 20,213 on buying mainly in banking and interest-senstive stocks, after RBI said low inflation numbers will be taken into account in its next monetary policy on 17th June. With a steepest single-day gain of 490.67 after 29th […]

Markets

Oil rebounds in Asian trade

Oil rebounded from recent falls in Asian trade on Wednesday after upbeat US data boosted confidence in the world’s largest economy, analysts said. New York’s main contract, light sweet crude for delivery in June gained 14 cents to USD 94.35 a barrel and Brent North Sea crude for June delivery added six cents to USD […]

Currency

Rupee up 12 paise Vs dollar in late morning trade

The rupee on Wednesday recovered by 12 paise to 54.69 against the dollar in late morning deals on selling of the US currency by exporters and banks, amid persistent capital inflows by foreign funds. The rupee resumed weak at 54.86 per dollar as against yesterday’s closing level of 54.81 per dollar at the Interbank Foreign […]

Stock & Share

Sensex regains 20K level; rallies by 284 pts on low inflation

The BSE benchmark Sensex on Wednesday rallied by 284 points in early trade to regain the 20,000 level on persistent buying, mainly in banking, realty, capital goods and auto sectors as a steep fall in headline inflation triggered hopes for a rate cut by RBI. The 30-share barometer opened higher at 19,798.18 and advanced further […]