Friday, Jun-23-2017, 7.06AM

I-T Department Unearths 400 Benami Deals, Attaches Rs 600 Cr Properties

May-29-2017 | 0 Comments

I-T Department Unearths 400 Benami Deals, Attaches Rs 600 Cr Properties New Delhi: The Income Tax Department on Wednesday said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases.


Keen to implement the new Benami Act to ensure "visible outcomes on the ground", the tax department last week set ... Read Full Story »

Govt Approves Raising of Rs 2,360 cr For Clean Energy Projects

May-29-2017 | 0 Comments

Govt Approves Raising of Rs 2,360 cr For Clean Energy Projects The government on Wednesday approved raising of Rs 2,360 crore through bonds for renewable energy projects in the current fiscal.


"The Cabinet chaired by the Prime Minister Narendra Modi has given its approval to raising of bonds of Rs 2,360 crore for renewable energy," Ministry ... Read Full Story »

Vision Document For Asia-Africa Growth Corridor Unveiled

May-29-2017 | 0 Comments

Vision Document For Asia-Africa Growth Corridor Unveiled Gandhinagar: The vision document for the proposed "Asia-Africa Growth Corridor (AAGC)" supported by Japan and India has been unveiled on Wednesday during the 52nd Annual Meeting of the African Development Bank (AfDB) here.


The vision document has been prepared jointly by three ag... Read Full Story »

Hotel Janpath to Close Down, to be Used For Govt Offices

May-29-2017 | 0 Comments

Hotel Janpath to Close Down, to be Used For Govt Offices New Delhi: The Cabinet on Wednesday approved the closure of ITDC's Janpath hotel in the national capital and the property will now be used for setting up government offices.


The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, gave 'in-principle... Read Full Story »

Govt Proposes Changes in UDAN Scheme, to Award Routes by August

May-29-2017 | 0 Comments

Govt Proposes Changes in UDAN Scheme, to Award Routes by August New Delhi: The government is likely to award air routes under the second round of the regional connectivity scheme (RCS) by August, for which it has invited comments from stakeholders on certain changes it has proposed.


The stakeholders, including airlines, send their views to the governm... Read Full Story »

Infosys CEO Vishal Sikka's Salary Drops 67% in FY17

May-29-2017 | 0 Comments

Infosys CEO Vishal Sikka's Salary Drops 67% in FY17 New Delhi: Infosys chief executive Vishal Sikka's high salary, which had prompted the founder members to voice concerns, has dropped over 67 per cent in 2016-17 on lower bonus payout.


According to the annual report of Infosys, the cash component of Sikka's salary was Rs 16.01 cro... Read Full Story »

Asian Shares Hit Two-year High After Fed Signals Gradual Tightening

May-29-2017 | 0 Comments

Asian Shares Hit Two-year High After Fed Signals Gradual Tightening Tokyo: Asian shares scaled two-year highs on Thursday while the dollar and US bond yields slipped after the US Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.


MSCI's broadest index of Asia-Pacific shares outsi... Read Full Story »

Oil Prices Rise in Anticipation of Extended OPEC-Led Production Cut

May-29-2017 | 0 Comments

Oil Prices Rise in Anticipation of Extended OPEC-Led Production Cut Singapore: Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this year.


Brent crude futures were trading at $54.40 per ... Read Full Story »

Rupee on Way to Recovery, Gains 25 Paise

May-29-2017 | 0 Comments

Rupee on Way to Recovery, Gains 25 Paise Mumbai: Strengthening for the second day on Thursday, the rupee climbed 25 paise to 64.48 against the dollar on increased selling of the American currency by exporters and banks amid higher opening in the domestic equity markets.


Forex dealers said besides selling of the dollar, its weakne... Read Full Story »

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