APN News

  • Tuesday, January, 2021| Today's Market | Current Time: 02:53:37
  • Cabinet consent to DTC bill; exemption limit lifted to Rs. 2 lakh

    In a move that could leave more money in the hands of people, the Government proposed to raise exemption limit on income tax from the present Rs 1.6 lakh to Rs 2 lakh, the bill also seeks to remove surcharge and cesses on corporate tax, which could provide relief to business houses. The Cabinet approved […]

    Food inflation falls to 10.05 pc in second week of Aug

    Annual food inflation fell for the second straight week, to 10.05 per cent for the week ended 14th August, as prices of vegetables like potato and onion declined.  Food inflation had softened to 10.35 per cent for the week ended 7th August against 11.40 per cent in the previous week.  On an yearly basis, potato […]

    Triveni Infrastructure partners development of Faridabad

    Faridabad:  Following its tradition of providing a dream home to the ‘common man’, Triveni Infrastructure offers affordable Group Housing edifice at, ‘Triveni Galaxy’. Nested in lush green landscaped surroundings, the project covers an area of about 40 acres.  It aims at being an attractive option for the middle and higher middle class satisfying their aesthetic […]

    Inflation falls to single digit at 9.97 pc in July

    Wholesale price-based inflation fell to single digit at 9.97 percent in July, owing to decline in prices of certain food and non-food items. The inflation was at 10.55 percent in June, while for April it was revised upwards to 11.14 percent from the provisional number of 10.16 percent. Inflation was in double digits at over […]

    Japanese Economy Grows Annualized Rate of 0.4 Percent in Q2

    Japanese economy grew an annualized rate of 0.4 percent in the past quarter from April to June, expanding for the third consecutive quarter, the government said Monday. But the result fell short of economists expectations of an annualized growth of 2.3 percent and a 0.6 percent rise on quarter in a Kyodo News survey. The […]

    Poor worst affected by price rise, says PM

    Admitting that poor people are the worst hit due to rising food prices, Prime Minister Manmohan Singh on Sunday said the government is making every effort to control inflation, which has been over 10 per cent for last several months. “It is the poor who are the worst affected by rising prices, especially when the […]

    Bad loans cast a outline on profit growth:SBI

    The country’s largest bank, the State Bank of India, reported a robust performance in the quarter to June, beating average earnings estimations of `2,440 crore of various broking houses and the ET Intelligence Group. The state-owned bank posted a profit of `2,914 crore for the June 2010 quarter, and not surprisingly, its stock rose by […]

    Double digit food inflation matter of concern: Pranab

     Finance Minister Pranab Mukherjee on Saturday expressed concern over rising prices as the food inflation, after a gap of two weeks, entered the double digits driven mainly by higher prices of essential items. “Of course it (food inflating) is a concern,” he told reporters on the sidelines of a meeting with chiefs of PSU banks. […]

    Rice exports dipped 13pc to 2.15 mt last fiscal

    India’s rice exports declined by 13 per cent to 2.15 million tonnes in FY2009-10 but in value terms it rose marginally to Rs 11,253 crore, the Rajya Sabha was informed on Wednesday.   The rice exports declined to 2.15 million tonnes in 2009-10 from 2.48 million tonnes in the previous fiscal, Minister of State for Commerce […]

    RBI proposes foreign investment in pvt banks below 50%

    The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local banks.  “This would enable foreign capital to be used in the promotion of domestic banks … This would allow for foreign technical collaboration […]