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IT scanner on suspicious deposits
120 Views, 16-02-2017, Courtsey News Live

: Nearly nine lakh out of 18 lakh people under IT scanner for suspicious bank deposits after demonetisation have been put in \’doubtful\’ category, a report by PTI says. The report, however, says action against them will follow only after the new tax amnesty scheme ends on March 31. Und...Read more

Rupee extends losses, falls 14 paise
223 Views, 13-02-2017, Courtsey News Live

: The Indian rupee today fell by 14 paise against the US dollar as it extended losses for the second straight day. The rupee ended at 67.02 per dollar. The rupee has dropped by 17 paise or 0.25 per cent in two days....Read more

Jio effect: Idea, RCom post losses
518 Views, 12-02-2017, Courtsey News Live

: Telecom service providers Idea Cellular and Reliance Communications have posted net losses, the first time the two cellular giants have record losses. The reason the two mobile service providers saw profits slump to loses is being ascribed to the entry of Jio into the market. While Idea posted a ...Read more

Hindustan Motors sells iconic Ambassador car brand to Peugeot
300 Views, 11-02-2017, Courtsey News Live

: The iconic Ambassador car that once symbolised the pride of the country has been sold to Peugeot. The CK Birla-owned Hindustan Motors group struck a deal in exchange of which the French car maker will pay them Rs 80 crore. "We have executed an agreement with the Peugeot SA Group for the sale...Read more

Reliance Capital Q3 profit drops 11%
81 Views, 10-02-2017, Courtsey News Live

: Reliance Capital has reported a consolidated net profit of Rs 209 crore for the third quarter of the current fiscal, a drop of 11 per cent from what the profits had been a year ago. However, the company\’s total income increased to Rs 3,964 crore in the quarter this fiscal from Rs 2,353 cror...Read more

Taj rebrands all hotels, clubs them under Taj Hotels Palaces Resorts Safaris
101 Views, 09-02-2017, Courtsey News Live

: The Tata Group is looking to rebrand its hotels. The Indian Hotels Company (IHCL), a unit of the Tata Group, will now have all hotels under a single entity that will be known as Taj Hotels Palaces Resorts Safaris. Under this new restructured set-up, the brands Vivanta by Taj and Gateway will merge...Read more

PNB Q3 profit jumps to Rs 207 crore
132 Views, 07-02-2017, Courtsey News Live

: Punjab National Bank posted a four-fold jump in net profit at Rs 207 crore for the December quarter of the current fiscal. The bank reported a net profit of Rs 51 crore in the corresponding quarter of last fiscal. The jump in net profit has been due to an increase in treasury income and decline i...Read more

Stock Market: Sensex hits 4-month high, Nifty reclaims 8,800 mark
134 Views, 06-02-2017, Courtsey News Live

: Spurred by optimising from the Budget, Sensex on Monday pushed higher for the fourth day to close at 28,439, up by 199 points and a four-year high. Sensex was trading in green following reports that the RBI may go in for a rate cut on Wednesday’s policy meet. On the other hand, the NSE Nift...Read more

No tax incentive beyond Rs 2 lakh for second home: Govt
231 Views, 04-02-2017, Courtsey News Live

: The central government today reiterated that there would be no rollback of the proposal to restrict tax incentive for second home to Rs 2 lakh per annum. Announcing this in New Delhi, revenue secretary Hasmukh Adhia said there is no point in subsidising purchase of second property by those who hav...Read more