Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Saturday, August 24, 2019

money

U.S deficit to exceed $1 trillion next year: Report

The federal budget deficit is expected to balloon to more than USD 1 trillion in the next fiscal year under the first projections taking into account...

Task force on Direct Tax Code submits report to FM

A government-appointed task force headed by CBDT member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to rep...

Credit demand subdued, economy needs stimulus: SBI chief

State Bank of India (SBI) Chairman Rajnish Kumar said credit demand remains subdued and there is a need for stimulus in the economy.Though lack of cr...

Apple will spend 'vast sums' in U.S, says Trump

Donald Trump said that tech giant Apple would be spending 'vast sums' of money in the U.S in a tweet ahead of a dinner meeting with its CEO Tim Cook....

Forex reserves at new life-time high

India's foreign exchange reserves surged by USD 1.620 billion to USD 430.572 billion in the week to August 9 on rise in foreign currency assets, acco...

India contributes USD 1 million to UN fund

India has contributed USD one million to the UN Special Purpose Trust Fund for the Resident Coordinator System.The Special Purpose Trust Fund (SPTF) ...

Britannia Industries Q1 net profit falls 3.64%

Britannia Industries reported a 3.64 per cent decline in consolidated net profit at Rs 248.64 crore for the quarter ended June 30, 2019. The company ...

RBI cuts interest rate by 35 bps

The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to b...

Rupee suffers biggest slump in 6 yrs

The rupee on Monday crashed by 113 paise -- the biggest single-day drop in past six years -- to close at a five-month low of 70.73 due to heavy capit...

U.S labels China a 'currency manipulator'

The U.S has officially labeled China a 'currency manipulator', accusing it of using yuan to gain "unfair competitive advantage" in trade, a move that...

Law which allowed circulation of Rs 1000 notes in 1999 scrapped

A law which allowed the Reserve Bank of India to circulate Rs 1000 denomination notes to tide over the shortage of currency in the late 1990s has bee...

Forex reserves fall by USD 727 mn to USD 429.6 bn

The country's forex reserves decreased by USD 727 million to USD 429.649 billion for the week ended July 26, led by a decline in foreign currency ass...

'Lite' e-filing facility launched for taxpayers

A 'lite' e-filing facility was launched by the Income Tax department on Thursday to facilitate easy and quick filing of returns by taxpayers. The fac...

Govt raises subsidy for sulphur fertiliser for FY20

The government has decided to hike the subsidy on sulphur fertiliser to Rs 3.56 per kg and keep the support unchanged for other non-urea nutrients fo...

Fiscal deficit touches Rs 4.32 lakh cr in Q1

The government's fiscal deficit touched Rs 4.32 lakh crore for the June quarter, which is 61.4 per cent of the budget estimate for 2019-20 fiscal. In...

Paytm Money plans to start stock broking services

Digital investment platform Paytm Money is planning to begin stock broking service, sale of National pension schemes, exchange traded funds (ETFs) an...

FPI outflow crosses Rs 3,700 cr in July

Reversing their five-month buying trend, overseas investors have pressed the exit button in July and pulled out a net Rs 3,758 crore from the Indian ...

254 startups get Rs 1,700 cr investment from AIFs

As many as 254 startups have received investment to the tune of over Rs 1,700 crore from the SEBI-registered Alternative Investment Funds (AIF) and t...

Kotak Mahindra Bank Q1 net profit jumps 33%

Kotak Mahindra Bank reported a jump of 23 per cent in its consolidated net profit at Rs 1,932 crore in the first quarter ended June 30. The private s...

Investments via P-notes decline to Rs 81,913 cr in June

Investments through participatory notes (P-notes) in the Indian capital market slipped to Rs 81,913 crore in June after posting growth for the previo...

Forex reserves fall by $1.11 bn

After touching record highs, the foreign exchange reserves declined by USD 1.113 billion to USD 428.797 billion in the week to July 12 - the first fa...

Gold nears Rs 36,000-mark

Gold and silver prices continued their rally on Friday with the precious metal rising by Rs 280 to Rs 35,950 per 10 gram and the white metal crossing...

Nifty cracks below 11,600-mark

Snapping its three-day rising streak, equity benchmark BSE Sensex slumped 318 points on Thursday, dragged by a sell-off in index heavyweights RIL, TC...

DCB Bank shares plunge 14% post June quarter earnings

Shares of DCB Bank plunged 14 per cent on Wednesday after the company witnessed a rise in its bad loan proportion during the quarter ended June. The ...

9 of top-10 firms lose Rs 88,609 cr in m-cap

Nine of the 10 most valued firms suffered a combined erosion of Rs 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the b...

Infosys Q1 net grows 5.2% to Rs 3,802 cr

IT behemoth Infosys Ltd on Friday posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised r...

Deposits in Jan Dhan accounts cross Rs 1 lakh cr

Deposits in bank accounts opened under 'Jan Dhan' scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark...

File tax returns if you have foreign trips, steep electricity bills

The government has made income tax return filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of R...

Forex reserves hit new high of USD 427.67 bn

India's foreign exchange reserves swelled by USD 1.262 billion to scale a fresh high of USD 427.678 billion in the week to June 28, boosted by higher...