Business
PNB Scam: ED Seizes 34,000 Pieces of Jewellery Worth Rs 85-crore From Mehul Choksi's Gitanjali
The jewellery was kept at the premises of the Gitanjali group firm, Ms Gitanjali Ventures DMCC in Dubai, and was seized under the Prevention of Money Laundering Act (PMLA).
Stocks Nosedive in Nervous Trade; Karnataka, Crude Oil Offer Little Respite
The 30-share Sensex resumed higher at 35,483.62 and advanced to a high of 35,510.01. However, it slipped on profit-booking and touched a low of 35,087.82, before finally settling at 35,149.12, down 238.76 points, or 0.67 per cent.
Allahabad Bank Divests Its CEO Usha Ananthasubramanian of All Powers
On Monday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB.
ITAT Says Google India Should Pay Tax on Advt Revenue Sent to Parent
For the assessment year 2012-13, the tax department had found Rs 1,114.91 crore to have been credited to Google Ireland Ltd (GIL) without deduction of tax at source.
IIP Records 5-months Low Growth of 4.4 Per Cent in March
According to the data released by the Central Statistics Office (CSO) showed on Friday, the IIP grew by 4.4 per cent in March 2017 due to a fall in capital goods production and deceleration in mining activity.
BT to Cut 13,000 Managerial and Back-office Jobs to Revive Growth
BT, which owns Britain's biggest mobile operator EE, said it would hire about 6,000 new engineers and front line customer service staff to support its roll out of fibre and 5G networks.
Jaypee's New Revival Plan: Offering 2,000 Shares for Free to Each Home Buyer
Jaypee Infratech, a subsidiary of Jaypee group's flagship firm Jaiprakash Associates, had in 2007 started development of about 32,000 flats in Noida, of which it has delivered 9,500. It has applied for occupancy certificates to hand over 4,500 flats more.
Rupee Drops 15 Paise to Fresh 15-month Low on Rising Crude, Capital Flight
This is the lowest closing for the rupee since February 7, 2017 when it had settled at 67.41 against the dollar.
Zydus Cadila Gets USFDA Nod for Anesthesia Drug
The medication is used as an adjunct to general anesthesia, to facilitate tracheal intubation, and to provide skeletal muscle relaxation during surgery or mechanical ventilation.
Simplified GST Returns in 6 Months, Panel to Examine Sugar Cess
In its 27th meeting, the GST Council also decided to take complete ownership of the Goods and Services Tax Network (GSTN) by acquiring the equity share held by non-government institutions.
Two Investors Reach Deal to Buy Sahara’s Historic Plaza Hotel in New York: Report
The report identified the buyers as Shahal Khan, founder of the Dubai-based White City Ventures, and Kamran Hakim of the Hakim Organisation, a New York City real estate company.
Sensex Turns Negative on Weak Asian Cues, Profit-booking
The laggards were Wipro, HUL, Tata Motors, Bharti Airtel, Dr Reddy's, Yes Bank, L&T, Coal India, HDFC Bank, M&M, Power Grid, RIL and Tata Steel, falling up to 1.43 percent.
EPFO Complains of Data Leak, Says Employees' Aadhaar Details Disclosed
The communiqué, written by Dr V P Joy, central provident fund commissioner, has asked the ministry to deploy expert technical team to plug in the gaps.
Sensex Tops 35,000-Mark, Nifty Above 10,700; Yes Bank, Infosys Among Big Gainers
The 30-share index again crossed the 35,000-mark by surging 228.73 points, or 0.65 percent, to trade at 35,198.43. The gauge had rallied 468.43 points in the previous two sessions.
India Likely to Clock 7.5 Percent Growth in FY19: Deutsche Bank
The Reserve Bank expects India's economic growth rate to strengthen to 7.4 per cent in the current fiscal, from 6.6 per cent in 2017-18, on account of revival in investment activity.
Equities End Week With a Bang on Earnings Optimism, Global Cues
Most Asian markets ended higher after the leaders of the two Koreas held a landmark summit today and agreed to pursue a permanent peace and complete denuclearisation of the divided peninsula.
