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Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.Business
Standard deduction allowed for pension

The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.

6 April 2018 5:00 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.Business
Sensex gives 577-pt salute to RBI

Bank stocks, which went out of favour in recent months due to a spate of scams and asset quality issues stole the...

6 April 2018 4:51 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.Business
RBI rates unchanged, lower inflation forecast

MSP announced in the budget and the possible fiscal slippages at the level of both centre and states.

6 April 2018 4:43 AM IST

RBI governor Urjit Patel and deputy governors in Mumbai. (Photo: PTI)Business
RBI explores India's digicoin, banks told to reject bitcoins

Digital currency may save on printing, distribution costs of notes.

6 April 2018 2:49 AM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.Business
RBI cracks down on digital currencies; plans own cryptocurrency

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.

5 April 2018 6:21 PM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.Business
US dollar ends sharply cheaper against rupee

Pound sterling also finished lower at 91.25/27 per pound.

5 April 2018 6:11 PM IST

Debt ridden telecom operator Reliance Communications on Thursday said it expects to reduce debt by around Rs 25,000 crore as the Supreme Court has lifted stay on sale of assets of the company.Business
RCom hopes to cut debt by Rs 25,000 cr after SC allows asset sale

RCom in December signed agreement with Reliance Jio to sell spectrum, mobile towers, fiber network and Media Convergence...

5 April 2018 6:01 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.Business
RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

5 April 2018 5:49 PM IST

Facebook on Thursday admitted that nearly 5.62 lakh people in India were \potentially affected\ by its global data breach.Business
Data leak: 5.62 lakh people potentially affected in India

Facebook has over 20 crore users in India.

5 April 2018 5:17 PM IST

Italian super bike maker Ducati on Thursday said it has re-opened bookings for its flagship model Panigale V4 in India.Business
Ducati re-opens booking for Panigale V4, V4 S in India

The company had introduced two variants of the superbike in January this year.

5 April 2018 5:05 PM IST

Chinese technology firm Xiaomi will be hosting a supplier investment summit in India from April 9-11 to help over 50 of its partners evaluate opportunities for setting up local base in India.Business
Xiaomi to host supplier summit in India from April 9-11

Xiaomi will be hosting a supplier investment summit in India from April 9-11 to help over 50 of its partners.

5 April 2018 4:48 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.Business
Sensex vaults 577 pts as RBI holds rate, lowers inflation forecast

The reverse repo rate, at which it borrows from banks and absorbs excess liquidity, will remain at 5.75 per cent.

5 April 2018 4:37 PM IST

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