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Business
RBI cuts Repo, CRR; Home Loans to be Cheaper
TNI Bureau: In a huge relief to the millions of home buyers in India, the Reserve Bank of India (RBI) has reduced the repo rate and CRR (Cash Reserve Ratio) by 25 basis points each. As a result, the home loans will become cheaper and the…
Reports: Call Tariff Hike on Cards
TNI Bureau: Bharti Airtel, Vodafone and Idea, the leading telecom companies of the country, announced to hike voice call tariffs in a phased manner across all circles. However, Airtel made it clear that the prices will not be hiked for now…
Govt hikes Import Duty on Gold, Platinum
TNI Bureau: Just a day after the 'Chintan Shivir' of the Congress Party, the government has given another jolt to the common people by hiking the import duty on gold and platinum.
The import duty was raised from 4% to 6%. Since the…
Govt slashes CDMA Auction Base Price
TNI Bureau: After the "flop show" in November, the government learned from its mistakes and slashed the base price for CDMA spectrum auction by 50 per cent. It was approved by the Union Cabinet today.
The 50 percent cut in base price…
BSE Sensex breaches 20,000-mark after Two Years
TNI Bureau: The sensex breached the 20,000-mark for the first time in the opening trade after two years, which was better than the expected. The BSE touched 20,007.09 by gaining over 100 points in early hours. However, it immediately…
Govt defers GAAR implementation to 2016
TNI Bureau: In a huge relief to foreign investors, the government has deferred the implementation of the GAAR (General Anti Avoidance Rules), anti-tax avoidance provisions, to 2016. Analysing the current situation, Finance minister P…
Things to Know about LPG Portability
TNI Bureau: The massive protests might have been seen in India against the Centre's decision over the cap on subsidised cylinders, the web-based LPG connection portability has been launched in Chandigarh. The cooking gas might be now…
India Inc hails Modi at ‘Vibrant Gujarat Summit’
TNI Bureau: After a landmark victory in the recent assembly polls, Gujarat Chief Minister Narendra Modi was lauded by the top business tycoons and who’s who of Indian industrialists, diplomats and academicians at the sixth edition of the…
India’s Industrial Output declines in November
TNI Bureau: While India's Prime Minister Manmohan Singh is taking so many economic measures to improve the economy, country's industrial production declined in November, which is a huge setback for the investors. According to reports, the…
Infosys Q3 Results surprise Industry Experts
TNI Bureau: India's Software major Infosys' third quarter Q3 results for the period October to December came as a surprise for the business analysts as the profit was much better than the estimates of Rs. 2,244 crore. The profit of the firm…