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  • Fuel prices remain constant after cut for several days

    2 January, 2019 2:38 AM 121

    The prices of petrol and diesel remained constant on Wednesday, after several days of price cut. The price of petrol in the national capital was constant at Rs 68.65 per litre and that in Mumbai was Rs 74.30 per litre, according to the Indian Oil Corporation (IOC) data. The diesel price in Delhi remained at Rs 62.66 per litre and its price in Mumbai

  • Demonetisation was not a 'Jhatka', had warned people a year earlier: PM Modi

    1 January, 2019 1:36 PM 100

    Modi said that if people had kept black money, they could deposit it, pay penalties and be helped out. New Delhi: Prime Minister Narendra Modi on Tuesday said that the decision to ban old Rs 1000 and Rs 500 notes was not a 'Jhatka' (shock or sudden blow), adding that he had warned people a year earlier. In an interview to news agency ANI, Modi said, “ This (Demonetisation)

  • Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

    1 January, 2019 9:45 AM 144

    New Delhi: Ove a dozen CPSEs have evinced interest in raising funds through the finance ministry's maiden debt exchange-traded fund (ETF) to meet part of their capital expenditure needs next fiscal, an official said. To start with, the finance ministry will provide a platform for only 'AAA' and 'AA' rated Central Public Sector Enterprises (CPSEs) to raise

  • Maruti Suzuki reports 1.3% decline in December sales at 1,28,338 units

    1 January, 2019 8:32 AM 133

    New Delhi: The country's largest car maker Maruti Suzuki India today reported 1.3 percent decline in sales at 1,28,338 units in December. The company had sold 1,30,066 units in December last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales were up 1.8 percent at 1,21,479 units last month as against 1,19,286 units in the year-ago month

  • Old debit cards may not work from January 1, 2019

    31 December, 2018 12:31 PM 118

    New Delhi: If you are still carrying your old ATM-cum-debit card with magnetic stripe, there is a possibility that your card will not work tomorrow (January 1). This is because an RBI circular had mandated that all old ATM debit cards with magnetic stripe chip be replaed with with the one with EMV chip before December 31. The Reserve Bank on India had asked

  • IL&FS puts commercial, residential properties up for sale

    31 December, 2018 12:31 PM 107

    New Delhi: The debt-laden IL&FS group has further put up its properties for sale to garner funds in order to settle loan dues. It has invited bids from interested buyers for properties (commercial and residential) in Mumbai and one in Kolkata. Properties on sale include a 1,376 square feet residential property located at upscale Malabar Hill besides

  • Cabinet approves listing of 7 unlisted CPSEs on stock exchange

    28 December, 2018 12:22 PM 96

    New Delhi: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi on Friday gave its approval to list seven Central Public Sector Enterprises(CPSE) on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO). Through IPO, Telecommunication Consultants (India) Ltd., RailTel Corporation India

  • I-T dept seizes Rs 992.5-crore assets in FY18

    28 December, 2018 12:22 PM 84

    New Delhi: The income tax department seized assets worth Rs 992.52 crore during 2017-18, while 582 search and seizure operations were conducted during the financial year, Parliament was informed Friday. In a written reply in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the income tax department seizes unaccounted/undisclosed/

  • Fiscal deficit touches 115% of FY target during April- November

    28 December, 2018 7:38 AM 135

    New Delhi: The country's fiscal deficit touched 114.8 percent of the full-year target of Rs 6.24 lakh crore at the end of November on account of lower revenue collections, showed government data Thursday. The fiscal deficit, or gap between expenditure and revenue, stood at Rs 7.16 lakh crore during April-November of the current financial year, reflecting

  • 7th tranche of electoral bonds sale to kick off from January 1

    28 December, 2018 6:23 AM 123

    New Delhi: The seventh tranche of electoral bonds sale will take place from January 1 to January 10, a government release said. "The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches w.E.F. January 01 - 10, 2019," government said in an official