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  • MoU to be signed between ASSOCHAM and EPCES on Feb 23

    New Delhi, : The Associated Chambers of Commerce and Industry (ASSOCHAM) will sign a Memorandum of Understanding (MoU) with Export Promotion Council for EOUs and SEZs (EPCES), Ministry of Commerce and Industry, Government of India at ASSOCHAM Corporate Office, Chanakyapuri on Friday (February 23).AS...

  • EPFO fixes interest rate at 8.55 per cent for 2017-18

    New Delhi, : The Employees' Provident Fund Organisation, EPFO has declared 8.55 per cent interest rate for 2017-18 for its about 5 crore members. This was decided during the meeting of Central Board of Trustees of EPFO in New Delhi on Wednesday.For 2016-17 the rate was 8.65 per cent and in 2015-16 t...

  • Cut Govt stake in banks below 50%: ASSOCHAM

    Kolkata: The Punjab National Bank's fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 per cent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountabi...

  • No instruction to PNB to meet commitments under LoU: RBI

    Mumbai, Reserve Bank of India (RBI) has rejected the media reports that it directed the Punjab National Bank to meet its commitments under the Letter of Undertaking (LoU) to other banks. In a statement, it has denied having given any such instructions. The RBI said that the fraud in PNB is a c...

  • We believe in clean banking, no one will be spared involved in Rs 11,400 cr scam: MD, PNB

    New Delhi, Sunil Mehta, MD, Punjab National Bank on Thursday said that those involved in the scam involving Rs 11,400 crores, will be brought to book and will be punished. Addressing a press conference on the issue, PNB MD accepted that it's a sensitive issue and said that PNB believes in responsive...

  • $1.77 bln fraudulent transactions in Mumbai PNB branch: Filing

    New Delhi, Punjab National Bank on Wednesday said it has found fake and fraudulent transactions of 1 point 77 billion dollars (around Rs 11,420 crore) in a Mumbai branch bank.The Bank told the stock market in a statement, "The bank has found a case of fake and unauthorised transactions in whic...

  • Sensex up by 136 pts

    Mumbai, The benchmark index of the Bombay Stock Exchange (BSE) on Wednesday rallied by 136 points to open at 34,436.98 on strong global cues.The Nifty of National Stock Exchange (NSE) too advanced by 46 points to 10,585.75 in early trade.

  • Balancing farmers, consumers' interest to be tight rope walk for Govt: ASSOCHAM

    New Delhi : Having raised farmers' expectations by promising them Minimum Support Price (MSP) which would be 1.5 times the cost of production, government will find it a 'tight rope walk' situation in managing the conflicting interests between farm producers and consumers, with inflation maintaini...

  • Fiscal situation will be comfortable next financial year: Jaitley

    New Delhi, Finance Minister Arun Jaitley on Saturday said the fiscal situation should be comfortable next financial year and government would be able to meet the revenues targets.Addressing a press conference after meeting RBI's board in a customary post-Budget exercise, Jaitley also said that...

  • Rupee up marginally by 2 paise against USD

    Mumbai, The Rupee on Thursday rose marginally by twopaise at 64.25 on fresh buying of US Dollar by bankers and exporter,dealers at Forex Market said.In opening trade, the domestic unit eased by seven paise to64.34, later it erased earlier losses and finished positive at64.25, rising by two pai...

  • Rupee down by 20 paise against USD

    Mumbai, The Rupee was under pressure for the fourth stright session as it tumbled down by 20 paise to 64.26 against the US Dollar in early trade on Tuesday.dealers at Forex Market said.The local unit slid in opening trade on strong dollar against other world currencies alongwith negative opening in ...

  • Chennai Oil Market Rates

    Chennai : Following are the rates in the Chennai Oil Market here today.Castor 10,500Gingelly 1,450Ground Nut 1065Coconut 3300/3582Vanaspathi 1250/1270Kernal 4250/4330Oilcakes Ground nut 2025

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