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Fuel price hike: No relief on petrol, diesel price

New Delhi/Mumbai, Sep 30 (ANI): Fresh hike has been witnessed in the price of petrol and diesel on Sunday morning. In the national capital, petrol is being sold at Rs 83.49 per litre, with an increase of Rs 0.09 from Saturday. On the other hand, diesel is being retailed at Rs 74.79 per litre, with an increase by Rs 0.16. Meanwhile, in Mumbai, price of petrol has touched new height. Petrol and diesel are being sold at Rs 90.84 per litre, with an increase by Rs 0.09 and Rs 79.40 per litre with an increase by Rs 0.17, respectively. People all over the country are facing difficulties as fuel price has been witnessing a steep rise since past few weeks.

Bihar taxation improved significantly from 2015-16: FM Jaitley after GST meeting

New Delhi, Sep 28 (ANI): Finance Minister Arun Jaitley on Friday said that Bihar benefitted by 27 per cent inflated taxation in 2015-16 as compared to the previous year. Speaking after attending the Goods and Services Tax (GST) Council meeting, he said,"Some states used to have special taxation in 2015-16. Apart from VAT, these taxes got subsumed because of which their 2015-16 were inflated. Bihar imposed additional VAT in 2015-16 when tax reduced due to the prohibition of alcohol. Bihar's taxation inflated by 27% as compared to the previous year. Bihar benefited from this aberration."

Fuel prices rise again, petrol crosses Rs 90-mark in Mumbai

New Delhi/Mumbai, Sep 24 (ANI): In no respite to the citizens, fuel prices in the country touched new heights on Monday morning, especially in Mumbai, as the petrol price in the metropolitan city crossed Rs 90-run mark. In Mumbai, the petrol price has touched Rs 90.08 per litre, while diesel is being retailed at Rs 78.58 per litre. Meanwhile, the prices of petrol and diesel in New Delhi are Rs.82.72 per litre and Rs.74.02 per litre respectively. Keeping the people's suffering in mind, the West Bengal government on September 11 reduced the excise on petrol and diesel by Re 1 per litre each last week. Similarly, the Karnataka government had also announced that the petrol and diesel prices across the state would be cheaper by Rs 2 per litre each, following the reduction in cess on these fuels. As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee. Fuel prices have been witnessing a steep r

RBI, SEBI closely monitoring financial markets

New Delhi, Sep 24 (ANI): The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are closely monitoring recent developments in financial markets and are ready to take appropriate actions, if necessary, RBI's Chief General Manager, Jose J Kattoor, said on Sunday. The RBI notification comes in the wake of the recent volatility that has been observed in the financial markets. Over the past weeks, the Indian Rupee has seen value depreciation against the US dollar, which, in turn, has severely impacted financial market operations in the country. Even though the value of the rupee showed a slight improvement, the ruling government has been on the receiving end of flak from the Opposition and citizens who were hit by the volatility. On Friday, the BSE's Sensex plunged 279.62 points to close at 36,841.60, while Nifty closed at 11,143.10 points. Furthermore, sectoral indices closed in red for the fourth consecutive day, causing losses worth lakhs to investors. Mean

Fuel prices witness fresh hike

New Delhi/Mumbai, Sep 23 (ANI): Fuel prices saw a fresh hike on Sunday, providing no respite to consumers adversely affected by the continuous increase in the fuel prices. The prices of Petrol and Diesel in Delhi are Rs 82.61, an increase of 12 paise per litre and Rs 73.97 per litre, an increase of 10 paise, respectively. In Mumbai, Petrol and Diesel prices Rs 89.97 per litre Rs 78.53 per litre, respectively. Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.

Merger of Bank of Baroda, Vijaya Bank, Dena Bank would increase commercial viability: Sanjeev Sanyal

New Delhi, Sep 18 (ANI): The government has proposed the merger of three banks, namely, Bank of Baroda, Vijaya Bank and Dena Bank. The move has come to increase the commercial viability of the banks. After this proposal, Sanjeev Sanyal, Principal Economic Advisor in the Ministry of Finance said, "By merging these banks their commercial viability would increase. There were several Public Sector Banks so we decided to decrease them and thought that by merging these banks the entity would be more strengthened."

Fuel price hike: Petrol threatens to touch Rs 90 mark in Mumbai

New Delhi/Mumbai, Sep 18 (ANI): Fuel prices yet again witnessed a fresh hike on Tuesday morning, with petrol and diesel being sold at Rs 82.16 and Rs 73.87 per litre respectively in the national capital. The surge in fuel prices has affected people in Mumbai the most, with petrol retailing at Rs 89.54 per litre and diesel at Rs 78.42 per litre. While a litre of petrol is being sold for Rs 83.91 and diesel for Rs 75.53 in Kolkata, the petrol and diesel prices in Chennai rose to Rs 85.31 and Rs 78, respectively. The constant rise in fuel prices is strengthening citizens' demand for government's intervention in the matter. The continuous hike in the fuel price is being witnessed from the past few days, causing much trouble for the common people.

Real picture of NPAs was known in 2015, UPA swept NPAs under carpet: Jaitley

New Delhi, Sep 17 (ANI): Union Finance Minister Arun Jaitley on Monday said the real picture of Non Performing Assets (NPAs) was known in 2015 itself and accused the previous UPA government of sweeping NPAs under the carpet. "Asserting that consolidation of banks was a priority for the government," Jaitley added.

Arun Jaitley announces merger of Dena Bank, Vijaya Bank and Bank of Baroda

New Delhi, Sep 17 (ANI): Union Finance Minister Arun Jaitley on Monday announced the decision to merge Dena Bank, Vijaya Bank and Bank of Baroda. He asserted that the consolidation of banks was a priority for the government. During his speech the Finance Minister also critised the previous UPA government of sweeping NPAs under the carpet. "Real picture of Non Performing Assets (NPAs) was only known in 2015, the UPA had swept NPAs under the carpet," said Jaitley.

Fuel price hike: Petrol, diesel prices break fresh records

New Delhi/Mumbai, Sep 06 (ANI): Fuel prices once again witnessed a hike on Thursday, with petrol being sold at Rs.79.51 per litre and diesel at Rs.71.55 per litre here in the national capital. The price of petrol has been increased by 20 paise per litre, while diesel saw a hike of 21 paise per litre, as compared to Tuesday's prices in New Delhi. In Mumbai, the price of petrol has surpassed the Rs. 86 mark to be sold at Rs.86.91 per litre, while diesel is being retailed at Rs.75.96 per litre. Fuel prices across four major cities remained steady on Wednesday, after recording an increase for ten consecutive days. While petrol prices were selling at an unchanged price of Rs 79.31 per litre yesterday, the same was retailing at Rs. 86.72 in Mumbai, Rs. 82.41 in Chennai and Rs. 82.22 in Kolkata.

Amazon becomes 2nd US company to reach USD 1 trillion value

New Delhi, Sep 05 (ANI): E-commerce company Amazon on Tuesday became the second American company to cross USD 1 trillion in value. The Jeff Bezos-founded company and Apple now make up more than eight percent of the entire value of the S-P 500, CNN quoted senior index analyst for S-P, Howard Silverblatt as saying. The company's stock reportedly rose nearly two percent in the morning trading, thereby putting its market value just over the 13-digit territory. Amazon, in just two decades, expanded far beyond its bookseller beginnings. It has revolutionised how people shop online. Apple topped the USD 1 trillion mark in early August.

Commuters urge government to tackle fuel price hike

Mumbai /New Delhi/Kolkata/Bhopal, Sep 04 (ANI): Citizens are yet to receive any respite from rising fuel prices, as the rates of petrol and diesel have risen for the tenth consecutive day. In the national capital, petrol prices were hiked by 16 paise to trade at Rs 79.31 per litre, while diesel is being sold 19 paise higher at Rs.71.34 per litre. The price of petrol has crossed the Rs 86 mark in Mumbai to be sold at Rs 86.72 per litre, while diesel is being sold at Rs 75.74 per litre. In Kolkata petrol is sold for Rs. 82.06 per litre and diesel for Rs. 74.00 per litre. In Bhopal the prices touched Rs. 84.73 per litre for petrol and Rs. 74.83 for diesel. The rise in prices has burnt a hole in the pockets of locals in the two metropolitan cities, with commuters urging government's intervention in the matter.

Sensex rises by over 100 pts, Nifty above 11,700

Mumbai (Maharashtra), Sep 03 (ANI): The market indices on Monday opened on a positive note, owing to gains recorded in the IT, pharmaceutical and automobiles sectors. The Bombay Stock Exchange's (BSE) Sensex rose by 103.61 points to 38,748.68, while Nifty traded marginally above 11,700 at 11,709.65. Shares of Wipro rose by over six percent, a day after it bagged a ten-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a technology-enabled health, wealth, HR and finance solutions provider. Among other top gainers are Bajaj Auto and Lupin, while ICICI Bank, Maruti Suzuki and Bajaj Finance incurred significant losses. The Indian rupee gained in early trade, as it opened 19 paise higher at 70.80 per dollar.

GDP growth will touch 8.5% in 2nd quarter: Rajiv Kumar: Niti Ayog VC

New Delhi, Sept 01 (ANI): NITI Aayog vice-chairman Rajiv Kumar was confident in saying that the next quarters will witness 8.5% growth. Kumar's statement was based on good growth in farming and manufacturing sectors. He said, "GDP numbers are beyond my expectation. It demonstrates that our economy is on the upturn and is rising. The economic recovery began in last July and I had said at that time that second quarter will be higher and it was. This growth means happiness for common people. In the agriculture sector, the previous quarter was 3 per cent. On an average, it was 2.6 per cent about 10-15 years ago. 5.3 per cent growth has been recorded in this quarter. Manufacturing has also seen a good growth of 13 per cent, which will increase. In the next quarter, I predict that GDP growth would be at least 8.5 percent." The Central Statistical Office (CSO) on August 31 estimated that GDP for the first quarter of the year, that is, April to June this year, stood at 8.2 per cent.

E-filing of IT returns up by 40%

New Delhi, Aug 29 (ANI): Data tabulated by the Income Tax (IT) department has highlighted a 40 per cent hike in incremental growth in the e-Filing of IT returns. As on August 26, data which was accessed by ANI showed that more than 4.37 crore returns were filed for the financial year ending March 31 against 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17). Furthermore, data revealed that the IT department has already processed 62 lakh refund for the current assessment year, till August 26, against 23 lakh cases in the same period last year. Thus, reflecting an incremental growth of more than 168 per cent.

Market touches all time high, Sensex up by 183.43 points

Mumbai, Aug 28 (ANI): Market has touched all time high. Sensex stayed at 38,877.54, showing a rise of 183.43 points. On the other hand, Nifty stayed at 11,750.50 and rose up by 58.55 points. Market Expert Sunil Shah said, "The continuous flow of money into the mutual funds are ramping the share prices up. Overall Q1 results have turned out to be good. Monsoon is supposed to be so far satisfactory. Culmination of all these reasons is that market is scaling new high every day."

These 5 new-age glocal startups are spreading wings globally

New Delhi, Aug 24 (ANI): Some things are better with two distinct features. "Think local, act Global" is a term coined by the Americans and is truly fit for new age startups, skyrocketing all across Asia and Africa. In those terms, companies in India have been employing technology for the good and have been spreading its wings all across the world. Five such desi startups who managed to make a mark in the global market are Cleartrip, Ola, OYO, Rentsher and Zomato.

Devastating floods affect flower business during Onam in Kerala

Kochi (Kerala), Aug 24 (ANI): The flower business in flood-hit Kerala during Onam celebrations got affected as people are not buying flowers in this festive season. On the auspicious occasion of Onam, people usually decorate their houses with colourful flowers and also use them in rituals. Flower business in Kerala blooms during Onam festival and flower merchants earn good amount but this year flowers are lying unsold. Markets in the state seem to be less crowded this year. Vegetable and grocery merchants echoed the same pain. Many electronics and mobile companies usually launch their new brands during the Onam season. But this year they have been forced to withdraw their advertisements due to floods. Onam is celebrated with fervor across the southern part of the country. All castes and communities who believe in the legend of King Mahabali celebrate Onam with full zest. The festival usually falls in August-September. It is a harvest festival, one of three major festivals celebrated b

Alibaba 'ready' for trade war with US

New Delhi, Aug 24 (ANI): Alibaba, China's e-commerce giant is all set for a possible trade war with the United States. The company said that it will not only survive the fight but will also thrive. The company announced its total earnings for the year a day before making the statement. Alibaba (BABA) Vice Chairman Joseph Tsai said, "If US goods become too expensive due to tariffs, Chinese consumers can shift to domestic producers or imports from other parts of the world". Jack Ma Founder and executive chairman of Alibaba said that the company is interested in doing business with big US brands.

Arun Jaitley resumes charge as the Union Finance Minister

New Delhi, Aug 23 (ANI): Arun Jaitley has resumed charge as the Union Finance Minister on Thursday. He also held a meeting with officials, including Finance Secretary Hasmukh Adhia, at the Ministry of Finance. The Finance Ministry, in Jaitley's absence, was being looked after by Railway Minister Piyush Goyal as Jaitley was undergoing a kidney transplant surgery.