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Cabinet likely to consider sale of stake in Indian Oil today


New Delhi The Cabinet Committee on Economic Affairs will discuss on Wednesday the possible sale of a 10 percent stake in Indian Oil Corp, two sources with knowledge of the matter said, as the government finds ways to meet its fiscal deficit target. The sale of a stake in India`s largest oil refiner, which is nearly 69 percent owned by ... Read More »

‘Do not favour the idea of any concealed fiscal deficit’: Arun Jaitley


Union Finance Minister Arun Jaitley on Monday said the Centre does not support any move to conceal fiscal deficit in an economy. “I do not favour the idea of there have been any concealed fiscal deficit, there is a lot of mess left behind on the table,” Jaitley said during an address to the Confederation of Indian Industry (CII) summit ... Read More »

Arun Jaitley against higher income tax rate to raise revenue


New Delhi Ahead of his first full fledged budget, Finance Minister Arun Jaitley Saturday said that the NDA government was against raising revenue by imposing higher taxes, instead it would want to leave more money in the hands of consumer to fuel demand and growth. The minister also pledged to make the budgetary process more transparent so as to present ... Read More »

Top nine companies add Rs 54,333 cr in market cap; HUL shines


New Delhi Top nine Sensex companies together added Rs 54,333 crore in market valuation last week, with FMCG major HUL emerging as the star-performer. Barring ONGC, rest nine blue-chip companies including TCS, ITC, RIL, Infosys and SBI saw spurt in their market capitalisation (m-cap) for the week ended Friday (January 16). The m-cap of HUL zoomed Rs 17,078.71 crore to ... Read More »

Rupee hits 13-month low on global economic fears; trade data

Rupees Journalist

The rupee weakened to its lowest level in 13 months on Tuesday as markets in the region tumbled after a sharp rate hike in Russia further raised concerns about the global economy at a time when India’s trade deficit is already widening. Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the rouble ... Read More »

Sensex down 273 points in early trade on weak global cues

Sensex Journalist

The BSE Sensex extended losses for the fourth straight day by losing over 273 points in early trade on Tuesday on sustained selling by funds amid weak global cues, tracking plunging crude coupled with depreciating rupee. The 30-share index tumbled 273.05 points, or 1 per cent, to 27,046.51. The gauge had lost 511.54 points in the previous three sessions. In ... Read More »

China official admits millions in jade bribes: Report

China Jouranalist

Beijing A former senior Chinese provincial official told a court he took around 13 million yuan ($2.1 million) in bribes consisting largely of precious stones, state-run media reported Tuesday. Ni Fake, a former deputy governor of the eastern province of Anhui, had a “craving for jade”, the state-run Shanghai Daily said. His trial on Monday was the latest case in ... Read More »

कालाधन : एचएसबीसी बैंक की सूची में शामिल भारतीयों के खाते में जमा हैं 4,479 करोड़ रुपये


नई दिल्ली: काले धन पर बड़ा खुलासा करते हुए केंद्र सरकार ने शुक्रवार को कहा कि एचएसबीसी बैंक की सूची में शामिल भारतीयों के खातों में 4,479 करोड़ रुपये जमा हैं और ऐसे 79 खाताधारकों के खिलाफ आयकर विभाग ने कार्रवाई शुरू कर दी है। विशेष जांच दल (एसआईटी) द्वारा काले धन पर दूसरी रिपोर्ट के प्रासंगिक अंश को जारी ... Read More »