Business
Banks can factor export receivables to improve cash flow: RBI
The Reserve Bank on Thursday allowed banks to factor export receivables on a non-recourse basis, so as to enable exporters to improve their cash flow and meet their working capital requirements.
Sensex ends day 88 points up ahead of key macro data
The BSE benchmark Sensex remained choppy on Friday throughout the session, ending the day nearly 88 points up at 27,661.40 on some fag-end buying by participants ahead of the announcement of key IIP data.
Sensex rebounds, ends 133 points up and Nifty closes above 8500 for the 1st time since April 17
The Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday with a resounding 'No'.
Finance ministry working on comprehensive package to help state-run banks
The finance ministry is working on a comprehensive package to help state-run banks, which are saddled with huge bad loans, said Jayant Sinha.
Delhi government proposes to increase VAT from 20% to 30%
As per the proposal, Value Added Tax, which is flat 20% as of now, can vary from 12.5 to 30% on all goods, including liquor, CNG, petrol and diesel.
Rupee ends 2 paise down at 63.62 against US dollar
The rupee resumed at Wednesday's closing level of 63.60 at the Interbank Foreign Exchange (Forex) and hovered in a restricted range of 63.55 and 63.63 before finishing at 63.62, showing a loss of just two paise.
Modi government woos taxpayers, offers new Income Tax incentives, simplifies Return forms
The forms were simplified by the Finance Ministry after public outcry over the clause that sought mandatory disclosure of foreign trips and dormant bank accounts.
Government will infus $3 billion in fiscal year 2015-16 to revive public sector banks: Finance Secretary
"What we are aiming at is an infusion of about $3 billion in the current year and perhaps twice as much in the next year. So, that is the broad time schedule- whether it will happen in August or January I can’t say"
Only 10 days left to exchange your pre-2005 currency notes
Seeking cooperation for withdrawing pre-2005 currency notes from circulation, the RBI has asked the public to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.
India IT monsters revamp culture vis a vis start ups to attract young talent
India's oldest and most distinguished IT firms are holding coding marathons to develop innovative fixes and deploying "commando" units to resolve clients' IT woes within hours.
Rupee extends losses; down 9 paise close at 64.06 against US dollar
The rupee started weak at 64.05 from its previous close of 63.97 at the Interbank Foreign Exchange (Forex) market.
HSBC to sack upto 50,000 people, slash investment bank
HSBC will shed almost 50,000 jobs and take an axe to its investment bank, cutting the assets of Europe's biggest lender by a quarter in a bid to simplify and improve its sluggish performance.
IIP, inflation data, monsoon key for markets this week: Experts
Data for industrial production for April and consumer price index (CPI) for May is scheduled to release on Friday.
Financial awareness must to save investors from frauds, says Sebi Chairman
Sebi Chairman UK Sinha on Saturday said agents of various money-pooling companies were defrauding the investors and were earning huge commissions.
Rupee ends 25 paise higher at 63.75 against dollar on capital inflows
The rupee on Friday closed 25 paise higher at 63.75 against the US dollar, recovering from its 20-month low of 64.26 hit during intra-day trade on Thursday, on fresh selling of the greenback by banks and exporters in view of good foreign capital inflows.
Jet Airways allows 'choice' seat bookings through agents
The 'Seat Select' option is available on domestic routes between Delhi, Mumbai, Bangalore, Kolkata, Chennai and Hyderabad for flights operated on Boeing 737 aircraft.
