Business
76 Percent of LED Bulbs in the Country are Spurious, Says Survey
The report, based on a study of 200 electrical retail outlets across major cities like Mumbai, Hyderabad, Ahmedabad and New Delhi in July, found the LED products to be spurious and riskier, with the highest number of violations in the national capital.
Over 860 New FPIs Registered with SEBI in 5 Months of FY18
According to Sebi data, the number of FPIs with the regulator's approval rose to 8,669 at the end of August 2017, from 7,807 at March-end, an addition of 862.
Rupee Falls by 25 Paise Against Dollar in Opening Trade
Forex dealers said the dollar strengthened against major global currencies which hit the rupee sentiment.
ECB Curbs Bond-Buying in First Step Towards End of Easy Money
The ECB even maintained its option to increase or extend the bond buying programme, an apparent victory for policy doves who argued that they should not commit to ending the buys since possible euro gains could exacerbate weak inflation.
Sensex Bounces 224 Points in Early Trade on Positive Asian Cues
The 30-share barometer, which had lost 194.39 points on the first day of Samvat 2074 in special 'Muhurat' session on Thursday, was trading higher by 223.86 points or 0.69 per cent at 32,613.82.
Don't Believe the Rumours, Linking Aadhaar to Bank Accounts is Mandatory, Says RBI
RBI said in a statement the requirement remained in force under anti-money laundering rules.
Workers at Tata Steel's Dutch Arm Oppose Thyssenkrupp Merger
Works council chairman Frits van Wieringen said that, after viewing the two companies' memorandum of understanding, he was concerned they intend to dissolve the Dutch subsidiary, which would strip away legal protections, and then lay off workers.
Gold Sparkles on Diwali Demand, Tops Rs 31,000
Bullion traders said increased buying by local jewellers, driven by Diwali festival demand in domestic spot markets, mainly led to rise in gold prices.
Axis Bank Net Jumps 38% on Lower Base; Asset Quality Worsens
The bank had a net profit of Rs 319 crore in the year-ago period and Rs 1,305 crore in the June 2017 quarter.
Jewellers See no Sparkle in Sales this Dhanteras
Gold prices are ruling at Rs 30,710 per 10 gram on Tuesday in the national capital as against Rs 30,590 per 10 grams on Dhanteras in 2016.
Sensex, Nifty Retreats from Record on Profit Booking
The 30-share index fell by 56.19 points or 0.17 per cent to 32,577.45 in early trading. It had opened higher at 32,654.41 and advanced to a high of 32,659.32 in opening trade.
Pakistan Needs USD 17 Billion to Cover Rising Current Account Deficit: World Bank
"Pakistan is facing headwinds in the external sector and a rising fiscal deficit that could put macro-economic management at risk," the World Bank said.
WPI Inflation Eases to 2.6 Percent in September
The government data released on Monday showed that inflation in food articles tapered to 2.04 per cent in September, as against 5.75 per cent in August on an yearly basis.
Bring Real Estate Under GST: Sisodia Writes to Arun Jaitley
In a letter to Jaitley, Sisodia said if real estate comes under the new indirect tax regime, exorbitant hike in land prices could be checked and the flow of black money curbed.
Reserve Bank of India's Policies not Growth-friendly, Claims FICCI chief
In its latest monetary policy review on October 4, the RBI had kept the policy rate unchanged at 6 per cent even as it cut the growth forecast to 6.7 per cent for the current fiscal.
Export Soars 25.67% to $28.61 Billion in September
Import too rose by 18.09 percent to $37.6 billion in September from $31.83 billion in the year-ago month, according to the data released by the commerce ministry.
