APN News

  • Monday, October, 2019| Today's Market | Current Time: 06:17:28
  • Oil prices fall as trade tensions hit demand outlook

    Oil prices today fell on global growth concerns after U.S. President Donald Trump threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude prices, in intraday trade, were trading around 61 dollars and 10 cents per barrel. WTI prices were at around 55 dollars per barrel when […]

    Major Indian banks committed to step up affordable, hassle-free credit: FM Sithraman

    Union Finance Minister Nirmala Sithraman has asserted that the major Indian banks have committed to step up affordable and hassle-free credit, with a special focus on the Micro, Small and Medium Enterprises and consumer finance sectors. As part of this, banks have decided to increase the in-principle approval limit for contactless digital lending to MSMEs […]

    GST revenue collection stands at Rs 1,02,083 crore in July

    The total gross revenue collected under Goods and Services Tax, GST in the month of July, 2019 was 1,02,083 crore rupees. It consisted of Central GST component of 17,912 crore rupees and State GST  25,008 crore rupees along with the Integrated GST revenue which was 50,612 crore rupees and Cess collection was 8,551 crore rupees. […]

    RBI imposes penalty on seven public sector banks for violating norms

    Reserve Bank of India has imposed a penalty ranging between one to two crore rupees on seven public sector banks for violating norms on fraud classification, bill discounting and monitoring of end use of funds. The central bank said in a press release that Bank of Baroda, Bank of India, Indian Overseas Bank and Union Bank […]

    A breakdown of the EPS Formula and its uses

    Calculating the earnings per share of a stock; commonly referred to as EPS (earning per stock) and is the most important things a company or a trader can possibly do if they wish to remain a profitable company as EPS directly calculated the profits made and the value of your company per share and to […]

    RBI slaps Rs 26 lakh fine on Mobikwik and Hip Bar

    The Reserve Bank has imposed a fine of about 26 lakh rupees on two online payment solutions providers for non-compliance of regulatory guidelines. The central bank said in a release that Mobikwik Systems Private Limited has been slapped a fine of 15 lakh rupees while Hip Bar Pvt Ltd faced a fine of 10.85 lakh […]

    CCEA approves creation of 40 LMT sugar buffer stock

    The Cabinet Committee on Economic Affairs, CCEA has approved the creation of buffer stock of 40 lakh Metric Tonnes of sugar for one year from the 1st of next month. Briefing reporters after the Cabinet meeting in New Delhi, Information and Broadcasting Minister Prakash Javadekar said, the decision will lead to an improvement in the […]

    India jumps 5 places to 52nd rank in global innovation index 2019

    India stood at 52nd position in the Global Innovation Index 2019. After 57th rank in 2018, it has made a significant jump of five places in a year. GII ranks innovative performances of 129 economies around the world on 80 indicators including political environment, education, infrastructure and business sophistication. India has been performing well in […]

    I-T Dept carries out raids in Rs 274 cr J&K Bank scam

    In Jammu & Kashmir, the Income Tax Department carried out raids at offices and related places of a big establishment in connection with raising loan worth over 270 crores while simultaneously diverting the same for the purpose not designated under terms & conditions laid out. Sources said that Income Tax Department team conducted series of […]

    ITR filing deadline extended

    The government today extended the deadline for filing of Income Tax returns by individuals for the financial year 2018-19 to August 31 from July 31. The Finance Ministry in an official release said the decision has been taken after it was reported that some of the taxpayers were facing difficulties in filing their income tax […]