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Category: Archive: Business
Gold imports shrink 32.7 per cent to USD 19.74 bn in April-Jan

Gold imports shrink 32.7 per cent to USD 19.74 bn in April-Jan

New Delhi: India's gold imports fell by about 32.7 per cent to USD 19.74 billion during the April-January period of this fiscal, which is expected to keep a lid on the current account deficit. Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion. According to industry experts, […]

Amazon UK plans to create 5,000 jobs

Amazon UK plans to create 5,000 jobs

London: US tech and retail giant Amazon on Monday said it would create 5,000 British jobs this year, in a show of confidence in the UK economy ahead of Brexit. "Amazon UK today announced plans to create more than 5,000 full-time jobs this year, taking the company's total UK workforce to over 24,000," a statement […]

Online EPFO withdrawal, pension fixation to be a reality by May

Online EPFO withdrawal, pension fixation to be a reality by May

New Delhi: Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its members. At present, the Employees' Provident Fund Organisation (EPFO) receive close to 1 crore applications manually for settlement of […]

Buying jewellery over Rs2 lkh cash to attract 1% TCS from Apr1

Buying jewellery over Rs2 lkh cash to attract 1% TCS from Apr1

New Delhi, Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh. Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per […]

Airtel network logs highest download speed in Jan: Trai

Airtel network logs highest download speed in Jan: Trai

New Delhi: Average download speed on Bharti Airtel's mobile network was highest in January at 8.42 megabit per second (mbps), according to latest data published by telecom regulator Trai. The monthly average mobile data speed published by the Telecom Regulatory Authority of India showed that the download speed on Airtel network has almost doubled in […]

Gold futures climb Rs 77 on global cues

Gold futures climb Rs 77 on global cues

New Delhi: Gold prices zoomed by Rs 77 to Rs 29,147 per 10 grams in futures trade today as speculators created positions amid positive cues from the global market. At the Multi Commodity Exchange, gold for delivery in far-month June moved up by Rs 77, or 0.26 per cent, to Rs 29,147 per 10 grams […]

Rupee recovers 7 paise against US dollar

Rupee recovers 7 paise against US dollar

Mumbai: The rupee recovered 7 paise to 66.95 against the US dollar in early session today on fresh selling of the American currency by exporters and banks. Besides, foreign fund inflows supported the rupee, but a lower opening of the domestic equity market and the dollar's strength against other currencies overseas capped the gain, forex […]

Gold futures fall 0.48 per cent on profit-booking; global cues

Gold futures fall 0.48 per cent on profit-booking; global cues

New Delhi: Gold prices drifted lower by 0.48 per cent to Rs 28,997 per 10 grams in futures trade as speculators indulged in profit-booking at prevailing levels amid a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month June fell by Rs 141, or 0.48 per cent, to Rs 28,997 per […]

No confirmed reports on detection of fake Rs 2,000 notes: MoS

No confirmed reports on detection of fake Rs 2,000 notes: MoS

New Delhi: The government today said it has not come across any confirmed reports on detection of counterfeit notes of Rs 2,000. "(Neither) the government nor RBI has come across any confirmed reports of detection of counterfeit notes of the denomination of Rs 2,000 in the banking channel," Minister of State for Finance Arjun Ram […]

Ford introduces 2018 Mustang convertible

Ford introduces 2018 Mustang convertible

Ford introduced the facelifted version of the Mustang last week and people have mixed opinions regarding the looks of the new car. However, one thing that you can't deny is the recently introduced topless version of the pony car, the Mustang convertible does look pretty. The Mustang convertible has been representing the free American spirit […]

Rs 5000 cr withdrawn from Jan Dhan accounts in a month post note ban

Rs 5000 cr withdrawn from Jan Dhan accounts in a month post note ban

New Delhi: Jan Dhan accounts have witnessed net withdrawal of Rs 5,582.83 crore since December 7, the day deposits in these accounts soared to all time high in the backdrop of demonetisation. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it started gradual decline to close […]

Govt plans to make Aadhaar valid document for filing tax returns

Govt plans to make Aadhaar valid document for filing tax returns

Mumbai: The government may shortly include Aadhaar card as a valid document for filing income tax returns if the taxpayer does not have requisite PAN card on them, The Economic Times reported. For the purpose, authorities are presently working out on the idea's modalities with all stakeholders. The government had set up Ratan Watal panel […]

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