Business

Gold advanced by Rs 130 to Rs 31,980 per 10 gram Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend. However, silver met with resistance at prevailing levels and declined by Rs 200 to Rs 39,000 per kg. Bullion traders said gold prices spurted due to surge in ...

DAINIK NATION BUREAU In view of declining indian currency against dollar, RBI has decided not to increase the lending rate. This was announced by the RBI Governor Urjit Patel on Friday. The Reserve Bank opted for a surprising status quo at the bi-monthly review Friday on expectations of softening price rise, but changed the policy stance to “calibrated tightening” from ...

DAINIK NATION BUREAU The government Thursday announced a Rs 2.50 a litre cut in petrol and diesel prices, factoring in excise duty reduction of Rs 1.50 per litre and asking oil companies to absorb another Re 1 Finance Minister Arun Jaitley said the excise duty cut would have an impact of Rs 10,500 crore on central government’s tax revenues He ...

The BSE benchmark Sensex plummeted over 800 points in afternoon session Thursday as rupee sank to another low amid boiling crude prices, weak global cues. The rupee plunged to a new low of 73.81 against the dollar, while the international benchmark Brent crude breached the US 86 per barrel level, nearing its four-year high. The BSE 30-share barometer pared some ...

ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect. The board of the bank has accepted the request of Kochhar to seek early retirement, according to a regulatory filing. “The board accepted this request with immediate effect. The enquiry instituted by the board will remain unaffected by this and certain benefits will be subject to ...

The National Mission on GeM was launched by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, on 5th of September 2018. Twenty States and UTs joined the Mission which aims at creating awareness about GeM, train buyers and sellers, get them registered on GeM and increase the procurement through GeM. This drive has been taken up for ...

The total gross GST revenue collected in the month of September, 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. 21,061 crore, IGST is Rs. 50,070 crore (including Rs. 25,308 crore collected on imports) and Cess is Rs. 7,993 crore (including Rs. 769 crore collected on imports). The total number of GSTR 3B Returns ...

DAINIK NATION BUREAU The Securities and Exchange Board of India (SEBI) may start a probe against rating agency ICRA for assigning investment grade ratings to IL&FS’ debt before downgrading them sharply after its debt crisis came to light. A source told Moneycontrol that SEBI is considering a probe to see whether proper due diligence was carried out by the rating ...

Benchmark Nifty declined for the third session to end 47.10 points lower at 10,930.45 Friday, dragged by strong selling pressure in metal, realty, auto, infra, media, pharma and IT sectors. Investors adopted a cautious stance ahead of RBI’s policy meeting next week. Surging crude oil prices and negative sentiment in global equities also added to the gloom. Overseas, European stocks ...

A special court Wednesday gave diamond jeweller Mehul Choksi, a key accused in the PNB bank fraud case, time till October 30 to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a “fugitive” under a new law. Earlier, the Special Prevention of Money Laundering Act (PMLA) court had summoned Choksi before it on September 26 ...