Guj HC asks Centre, RBI to submit their position on demonetisation
Gujarat High Court on Tuesday asked the Reserve Bank of India (RBI) and Centre to explain their position on demonetisation on a petition challenging the decision to ban Rs 500 and Rs 1,000 denomination notes. The Division Bench of Chief Justice R Subhash Reddy and Justice VM Pancholi directed the...
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Banks may not cut rate as RBI tightens liquidity through CRR
30 November 2016 | PTI -
Banks see big rush for salary withdrawals; ATMs still dry
30 November 2016 | PTI -
BSNl's operating profit jumps six-fold to Rs 3,855 crore in FY16
30 November 2016 | PTI -
Notes ban: Fitch cuts India's FY17 growth forecast to 6.9%
30 November 2016 | PTI -
'Populism, anti-establishment mood to hit global growth'
30 November 2016 | PTI -
Keep tax rates modest; end permission raj: Adi Godrej
30 November 2016 | PTI -
Jet Airways' codeshare pax volume jumps 80% this year
30 November 2016 | PTI
RBI nudges retailers to deposit cash, relaxes withdrawal norms
Discouraging hoarding of valid currency notes and increasing its circulation to mitigate cash crunch following the demonetisation of old 500 and 1,000 rupee notes, RBI nudged retailers such as malls and shop owners to deposit their daily collections with banks and they would be allowed to withdraw the deposited sum...
DGCA warns non-scheduled operators against rules violation
Aviation regulator DGCA on Tuesday warned of strict action against non-scheduled flight operators as well as pilots concerned in case there are lapses in screening of passengers and baggage, amid instances of private planes being used to ferry large amounts of demonetised notes. Taking strong note of such incidents, the Directorate...
Indus to invest over Rs 100 crore to set up 500 mobile towers
Telecom infrastructure major Indus Towers on Tuesday said it plans to set up over 500 modern mobile towers with an investment of around Rs 100 crore in next 12 months. “We have already invested around Rs 20-25 crore in setting up over 100 next generation mobile towers. They are future...
FPIs holding in BSE-200 cos up to $337 bn in July-Sep qtr
Foreign Portfolio Investors (FPIs) have raised their stake in BSE-200 companies to $337 billion during July-September quarter and heavy buying was seen in sectors like banking and telecom, says a report. FPI ownership in the BSE-200 index stood at $311 billion during the June quarter, according to the Kotak Institutional...
Sell domestic lPG only to PSU oil cos: Govt to producers
The Government has ordered lPG producers like Reliance Industries to supply all the cooking gas (lPG) they produce locally to state-owned oil companies only, and private retailers have been asked to source their requirements through imports. The Ministry of Petroleum and Natural Gas, in an order issued this month, stated that...
BSE tightens norms for cos shifting from SME to main board
Tightening norms for companies seeking to migrate from its SME platform to the main board, BSE today said firms, directors and promoters who have been barred by markets regulator Sebi will not be eligible for the move. Accordingly, companies that are seeking migration from the small and medium enterprises (SME) platform...
Sensex closes at 2-week high, rises 44 points
Benchmark Sensex surrendered much of its early gains on Tuesday on widespread caution ahead of release of GDP data, but ended at over two-week high of 26,394 on sustained buying amid mixed global cues. Auto, telecom, consumer durables, energy, industrials and capital goods stocks firmed up on good buying, while IT,...
