The Indian rupee has dropped 12 percent low against US dollar making all the imports expensive and companies that are owned by state have insisted to increase the diesel rates immediately to make up their losses.
Gold Rate Reduced Rs.40 Per Sovereign
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The cost of gold has reduced Rs.40 Per Sovereign on Monday morning (Aug 26, 2013).
Rupee soars up
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Because of the timely intervention of Reserve Bank of India and Finance Minister P Chidambaram soothing words, the rupee in a strong comeback soared 135 paise to end at 63.20 against dollar.
Loans have become costlier because of the rupee fall. In a drastic move the financial institutions like ICICI Bank and HDFC Ltd today raised their benchmark lending rates by 0.25 per cent.
Tougher times for fake telemarketers
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Indias telecom regulator TRAI has warned that the phone connections of banks, insurance firms and realty players will be disconnected if rules of unwanted calls and messages are flouted by them, or on their behalf.
Free mobile application launched by BSE
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Investors can now keep track on markets on the move because a free mobile application has been launched by BSE.
Create QR code for your Business
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QR code means Quick response code, any QR code read APP installed mobile phone scans this QR code lead to the site.
Gold Price Down Rs.64 Per Sovereign
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The cost of gold has reduced Rs.64 Per Sovereign on Thursday evening (Aug 22, 2013).
Direct Tax Code Bill to be revised
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The revised Direct Tax Code Bill is being tabled today in the Cabinet. The Bill proposes a new 35-percent tax slab for people with incomes exceeding Rs 10 Crore per annum.
Gold Rate reduced Rs.72 Per Sovereign
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The cost of gold has reduced Rs.72 Per Sovereign on Tuesday evening (Aug 20, 2013).
Axis Bank raises base rate by 25 bps
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Axis Bank on Monday said it had increased its base rate, or minimum lending rate, by 25 basis points to 10.25 per cent.
Due to the central government measures to reduce the investment on gold and increase in gold price in the world market have resulted in considerable hike in gold price in the recent times.
Duty-free import of high-end TVs banned
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In its continuing bid to rein in CAD, government on Monday banned duty-free import of high-end flat screen plasma television, which will now attract a levy of 36.05 per cent.
