New Delhi: Danish luxury furniture maker BoConcept has forayed into Indian market by opening its first store in Delhi and plans to have eight stores across leading metros over the next five years. BoConcept, which entered India through its franchise Zoe Concepts, has opened its first store in South Delhi and is planning to have […]
Mumbai: The rupee lost some ground as it weakened by 8 paise to 67.35 against the dollar at the forex market on Tuesday following fresh demand for the American unit from importers and banks amid a lower opening in domestic equities. The dollar firmed up against some global currencies, which weighed on the rupee, dealers […]
Raipur: Calling India a “sweet spot” in the subdued global economy, Finance Minister Arun Jaitley today said indication of “good rains” will further boost the country’s growth momentum. “This time, it looks like rains are going to be good and India can grow very well. There are signs (for that),” he said addressing the first […]
Finance Minister P. Chidambaram Monday reduced excise duty on many segments of the automobile industry which has seen a recent downturn due to high fuel and interest costs and low economic growth. The finance minister reduced the central excise on small cars, scooters/two-wheelers from 12 to 8 percent. He also reduced the central excise […]
Trustees of retirement fund body EPFO Thursday approved a proposal to provide a monthly pension of minimum Rs 1,000, a decision that will immediately benefit about its 28 lakh pensioners. The Central Board of Trustees (CBT), the apex decision making body of EPFO also decided to raise the monthly wage ceiling to Rs 15,000 from […]
Request for mobile number portability (MNP) in November 2013 went up by 2.09 million, official data released by the Telecom Regulatory Authority of India (TRAI) said Thursday. MNP requests increased from 104.79 million subscribers at the end of October 2013 to 106.87 million at the end of November 2013, it said. The number of telephone […]
Karl Slym, managing director of India’s Tata Motors Ltd, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide. Slym, 51, had attended a board meeting of Tata’s Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd […]
Currency notes issued before 2005 will be completely withdrawn from circulation by the end of the current financial year ending March 31, the Reserve Bank of India (RBI) said Wednesday. The central bank said from April 1, 2014, public would be required to approach banks for exchanging these notes. ‘Banks will provide exchange facility for […]
India’s growth rate in the current fiscal is expected to slide to 4.8 per cent and the prospects for 2014-15, which currently appear to be bright, hinge on the stability of the new government. “We believe growth will print at 6 per cent for 2014-15, up from our 4.8 per cent estimate for 2013-14,” Crisil […]
Sebi has been asked by its Appellate Authority to disclose details through RTI on process related to grant of recognition to MCX Stock Exchange, as all such information may not be confidential any more. Hearing an appeal against the market regulator’s denial of information sought through RTI (Right to Information) Act, the Appellate Authority has […]