Business

Television viewers brace up for a bonanza, whether cable or DTH (Direct To Home) subscribers will now get 100 channels (paid or free ones) at a revised rate of 153.40 rupees (GST included) from February 1. The Telecom Regulatory Authority of India (TRAI) has announced this long-awaited new plan on Monday. As per the TRAI announcement, consumers have to select...

Make in Odisha 2 got its severe head start on Monday raking up over Rs.1.38 lakh crores pumped in by the biz kings of India & abroad. Among the magnates present was RIL Chairman Mukesh Ambani, Aditya Birla Group chairman Kumar Mangalam Birla, Tata Sons chairman N Chandrasekharan, JSPL chairman Naveen Jindal & many other industry captains. The RIL Chairman...

Bengaluru(PTI): IT veteran T V Mohandas Pai has said the Srikrishna Panel recommendations, if implemented, will give a big boost to Indian IT services companies as their global clients' concerns about giving data access would "diminish." "The report has one big benefit. Our globally competitive and dominant IT services companies will get a big boost. For many years, there was...

New Delhi(PTI): Niti Aayog CEO Amitabh Kant has said the country needs to improve its Human Development Index (HDI) to achieve a growth of around 10 per cent. We are growing at around 7.5 per cent and if our ambition is to grow at high rates like 10 per cent over a three-decade period, (then) it is not possible to...

New Delhi(PTI): Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank data has showed. The data on big wilful defaulters is pertaining to those borrowers who took loan of Rs 25 lakh and above from the public sector lender. Such borrowers had an...

Mumbai(PTI): The US dollar ended cheaper against the rupee at 68.87/88 per dollar and the pound sterling also finished lower at Rs 91.13/15 at the close of the Interbank Foreign Exchange (forex) market here today. Following are the Interbank forex and RBI rates (In Rs per unit) Unit Interbank RBI Reference US Dollar 68.87/88 US Dollar Rs 68.8757 Pound Sterling...

Mumbai(PTI): The Indian rupee tumbled for the second straight session to hit a fresh closing low of 68.95, sliding by 21 paise following a panic demand for the US dollar coupled with savage capital flight worries. Fears over a slowdown in the country's economy in the midst of surging international crude oil prices along with unambiguously hawkish Federal Reserve policies...

Mumbai(PTI): Banks' unsecured loan book has grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report. Unsecured loans are the loans where individual exposures are smaller and more distributed and given without any collaterals but banks get higher margins. Typically personal loan, education...

Mumbai(PTI): The BSE Sensex slumped over 179 points to end at 35,037.64 today after the rupee collapsed to a lifetime low against the US dollar amid firming crude oil prices. Participants also offloaded their long bets in futures and options (F&O) segment instead of carrying them forward to the next series for July, brokers said. The rupee plunged to a fresh...

New Delhi(PTI): The GST investigation wing has detected tax evasion of over Rs 2,000 crore in two months, and data analysis reveals that only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes, a senior official said today. CBIC member John Joseph said alike small businesses who are making mistakes while filing GST...

Mumbai(PTI): The rupee weakened by 29 paise to 68.13 against the dollar in early trade today as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses, dealers said. On Friday,...

Bhubaneswar: After the Confederation of Indian Industry’s (CII) withdrew its partnership from the Make in Odisha summit, the Federation of Indian Chambers of Commerce & Industry (FICCI) has been roped in to be the new partner of the Make in Odisha conclave to be held in November this year. Confirming the development,Industries Minister Ananta Das said, “After a meeting, it...

Mumbai(PTI): The rupee traded lower by 4 paise at 68.03 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market. Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee. Foreign portfolio investors (FPIs) sold shares worth Rs 754.43 crore yesterday, as per...

Mumbai(PTI): Benchmark Sensex declined by over 148 points in early trade today, tracking a weak trend in global markets as the trade spat between the US and China intensified. Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiment. The 30-share index, which had lost 73.88 points in the previous session, drifted down by 148.34 points, or...