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Earlier, as part of the know your customer requirement under the Prevention of Money-Laundering Act provisions, jewellers with a turnover of Rs 2 crore per annum were mandated to collect PAN card for any purchase above Rs 50,000. (Representational image)

Gold falls on weak global cues, muted demand

Silver, too, slumped by Rs 500 to Rs 39,300 per kg due to reduced offtake by industrial units and coin makers.

8 Oct 2018 2:25 PM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Investment in P-notes rises to Rs 84,647 crore by August-end

Prior to this, an increase in investment was seen in October 2017.

8 Oct 2018 2:20 PM IST

Maruti Suzuki India Dzire

Maruti Dzire crosses 3 lakh cumulative sales milestone

The company introduced the third generation Dzire in May 2017.

8 Oct 2018 2:03 PM IST

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Two Indian companies to buy Iranian oil in November: Oil Minister...

India, the world's third-biggest oil importer, will buy 9 million barrels of Iranian oil in November.

8 Oct 2018 1:51 PM IST

E-commerce major Flipkart on Sunday said it is foraying into the insurance segment after securing a corporate agent licence.

Flipkart forays into insurance space with Bajaj Allianz

Flipkart has partnered Bajaj Allianz General Insurance to offer customised insurance solutions.

8 Oct 2018 1:43 PM IST

The BSE Sensex on Wednesday soared to a life-time high of 33,117.33 and the NSE Nifty scaled a historic 10,340.55 mark in opening trade. (Photo: AP)

Sensex, Nifty wipe off early losses on value-buying

The BSE Sensex was trading higher by 118.92 points, or 0.35 per cent, at 34,495.91.

8 Oct 2018 12:03 PM IST

Former Congress president Sonia Gandhi, party chief Rahul Gandhi and former Prime Minister Manmohan Singh at the extended Congress Working Committee meeting in New Delhi. (Photo: PTI)

Partners selected during UPA regime not above board

The party has a lot to answer on the sweet deals given to many dubious operators during 10 years of UPA rule.

8 Oct 2018 11:53 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

8 Oct 2018 11:38 AM IST

Devotees perform Garba Dance during the second day of Navratri festival in Bhopal (Photo: PTI)

India Inc gears up for festive season

The consumer confidence index for India has moved up in September.

8 Oct 2018 11:24 AM IST

Power firms across Europe, which previously depended on coal or gas-fired power plants, are having to adapt to the expanding use of renewable power sources and facing a profit squeeze as wholesale electricity prices have fallen.

Light at end of tunnel for Gujarat power companies

The state cabinet is all set to approve a rescue plan for their stressed power projects.

8 Oct 2018 11:17 AM IST

TRAI chairman R S Sharma.

Trai defends Rs 492 cr/Mhz price for 5G spectrum

Trai believes the reserve price of Rs 492 crore per Mhz of 5G radiowave is competitive enough.

8 Oct 2018 11:08 AM IST

Leading credit rating agencies are likely to face regulatory action over the IL&FC fiasco.

Sebi show-cause notice likely to credit rating agencies in IL&FS...

Experts say they should adopt a holistic approach in credit rating.

8 Oct 2018 11:03 AM IST