Business

PF (Provident Fund) Body Raises Equity Investment Limit

savings

The Employees’ Provident Fund Organisation (EPFO) will invest Rs. 20,000 crore in exchange-traded funds this fiscal year as it has decided to raise the investment limit, Union Minister Bandaru Dattatreya said on Sunday. “Yesterday, the Employees Provident Fund Organisation Central Board of Trustees meeting held in Pune agreed on the proposal for raising ETF investments from 10 to 15 per ...

Read More »

Soaring Ahead: Bitcoin Prices double in 2017 to $2000 in just 5 months

Bitcoin

The world’s most popular cryptocurrency is now worth over $2,000 per coin.  That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion. Bitcoin first broke the $1,000 valuation mark way back in 2013, but a combination of ...

Read More »

GST rates divided into 4 slabs; education, healthcare exempted; No decision on Gold

gst

The GST (Goods and Services Tax) Council on Friday finalised tax rates for services. Education and healthcare have been exempted from the GST regime. “India has finalised four tax rates that will apply to services including telecoms, insurance, hotels and restaurants under a new sales tax which should be rolled out on July 1,” Finance Minister Arun Jaitley said. The ...

Read More »

GST council sets rates that may lower prices of most essential products

gst

Setting the stage for rollout of goods and services tax (GST) from July, the Centre and states on Thursday decided on rates for specific products which may lead to lower prices for a majority of products of mass consumption. The idea is to ensure that the impact of GST is not inflationary. Rates on 1,211 items were finalised by the ...

Read More »

HDFC, ICICI lower Home Loan rates

rate

ICICI Bank Ltd, India’s largest private sector bank, on Monday slashed interest rates by up to 30 basis points for borrowers availing home loans up to Rs30 lakh. Mortgage leader Housing Development Finance Corp. Ltd (HDFC) also lowered lending rates by 30 bps, matching those offered by State Bank of India (SBI) and ICICI Bank. ICICI’s decision comes close on ...

Read More »

Nifty breaches 9,400-mark, Sensex at new high

increase

Market benchmark Nifty crossed the 9,400-level for the first time, while the Sensex surged to its lifetime high of 30,246.28 in late afternoon trade on Wednesday on widespread buying spurred by forecast of a normal monsoon this year. The 50-issue Nifty gained 89.90 points, or 0.96 per cent, to trade at 9,406.75, surpassing its previous intra-day high of 9,377.10 touched ...

Read More »

THDC excelled in 2016-17

The year 2016-17 is in real sense Exceptional Year with Exponential Growth for THDC India Limited (THDCIL). The Corporation has excelled in almost all the areas such as Capacity Addition, Energy Generation, Revenue Realization, Fiscal management. In Renewable Sector the Corporation has successfully Commissioned 02 Wind Projects (50MW Patan & 63 MW Dwarka in Gujarat) registering its presence in Western ...

Read More »

Sensex opens with marginal gains, all eyes on macro data

BSE-Bombay_Stock_Exchange_Building

It was a cautious mood at the start for markets today, with the Sensex inching up 50 points, as the countdown begins for release of key IIP and inflation data later in the day. Shares overseas cut a sorry figure as geo-political tug-of-war over the Middle-East and the Korean Peninsula weighed. The 30-share index went up 50.47 points, or 0.16 ...

Read More »

Banks Cut Base Rates; Home, Corporate Loans To Be Cheaper

Housing, auto and corporate loans are all set to become cheaper with half a dozen PSU and private banks on Monday steeply reducing benchmark lending rate by up to 1.48 per cent after spurt in deposits following demonetisation. SBI on Sunday reduced the lending rate by a good 0.9 per cent after Prime Minister Narendra Modi in his new year ...

Read More »
error: