APN News

  • Wednesday, November, 2022| Today's Market | Current Time: 03:11:43
  • Capital requirements for co-ops to go up: RBI

    New Delhi : The Reserve Bank said that the minimum capital requirements for cooperative banks will soon go up to as much as 3 crore rupees from the present 15 lakh rupees. RBI Executive Director S Karuppasamy gave this information in Mumbai on Thursday. He said that depending on the location and area RBI is […]

    Budget 2012: Debate continues among Indian Diaspora in West Asia

    New Delhi : Union Budget -2012 continues to be debated at various forums among the Indian Diaspora in the West Asia region. The Indian Business and Professional Council in Dubai organized one such panel discussion in Dubai on Thursday. The experts agreed that it was a balanced budget and not a populist one. Initiating the […]

    Senses recovers over 105 pts in early trade

    Mumbai : The BSE benchmark Sensex today recovered by over 105 points in early trade, on fresh buying by funds and retail investors at lower levels.The 30-share barometer, which had lost over 405 points on Thursday, rebounded by 105 points to 17,301.67. All sectoral indices were trading in the positive zone with gains of up […]

    Rupee plunges 50 paise to two-month low of 51.17 against dollar

    Mumbai : At the Interbank Foreign Exchange market, the rupee plunged 50 paise, to an over two-month closing low of 51.17 against the dollar, on Thursday. The rupee fell amid a steep fall in the stock market, and dollar demand by importers.

    NBCC IPO opens to raise Rs 120 cr for government

    Mumbai : The Initial Public Offer of state- run National Buildings Construction Corporation Ltd (NBCC) on Thursday hit the capital market, with investors bidding for about one per cent of shares under offer by early afternoon. NBCC is the government’s third disinvestment candidate in the current fiscal, after Follow-on Public Offer of Power Finance Corp […]

    Sensex tumbles 405 pts on weakening rupee, European mkts

    Mumbai : The BSE benchmark Sensex on Thursday tumbled over 405 points on FII outflows as investors feared that weakening rupee will hit importers and government finances, amid falling European markets. Of the 30 Sensex scrips, 28 tumbled, while two ended in the green. All the 13 sectoral indices closed in losses. Market heavyweight Reliance […]

    Govt sets up advisory group on international taxation

    New Delhi : The Finance Ministry has constituted a 12-member advisory group headed by the Revenue Secretary on the controversial amendments in the Income Tax Act that seek to tax overseas deals with retrospective effect. The group, which will also have representatives from the industry chambers, will suggest to the government ways to reduce tax […]

    Oil prices retreat in Asia trade

    Mumbai : Oil prices retreated in Asian trade today, as France said industrialized countries were considering releasing part of their crude stockpiles to counter rising prices. New York’s main contract, West Texas Intermediate crude for delivery in May, shed 20 cents to 107.07 dollars per barrel while Brent North Sea crude for May settlement was […]

    Vodafone have to pay tax once Parl amends IT Act: FinMin

    New Delhi : British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said. “They (Vodafone) will have to automatically pay the tax after approval of the amendments to the Finance Bill by Parliament. We […]

    Gold jewellery can’t get loans beyond 60% of value: RBI

    New Delhi : The Reserve Bank has directed all non-banking finance companies (NBFCs) not to sanction loan beyond 60 percent of the value of gold jewellery. Incidentally the directive follows government proposing a hike in import duty on the precious metal and imposition of excise duty on unbranded-jewellery. “It has been decided that all NBFCs […]