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J&K Banks actions are contrary to the spirit of Agenda of Alliance: Brig Gupta

- Alive Correspondence   04-02-2017

Establishment of J&K Bank, first state owned bank in the country, on 01 October 1938 is one of the many progressive measures initiated by Maharaja Hari Singh for the prosperity of his subjects. The Dogra ruler was known for the equal treatment of all regions of his State. However, the

EC seeks ban on anonymous political donations above Rs 2k

- Sanjib Sharma   19-12-2016

The cash collection in the political parties may soon come under scrutiny, with the Election Commission (EC) proposing that the limit or accepting anonymous donations will be reduced to Rs 2k from Rs 20k. If the proposal gets accepted by the government will reduce the size of the window available

Sensex, Nifty Rise In Early Trade

- Amit Kr. Yadav   10-09-2015

The benchmark BSE Sensex recovered over 204 points in early trade Friday on buying in select blue-chip stocks ahead of IIP and inflation data to be released later in the day amid mixed global cues. The 30-share index rose by 204.65 points or 0.80 percent at 25,826.82 in early trade. All sectoral indices, led

Rupee Fall 32 Paise Against Dollar

- Amit Kr. Yadav   09-09-2015

The rupee turned weak in early trade on Thursday and fell by 32 paise to 66.73 against the US currency at the Interbank Foreign Exchange on foreign fund outflows amid appreciation in the US currency overseas. Forex dealers said besides dollar strengthening against other currencies, fresh demand for the American unit from

Sensex Rise By 427 Points

- Alive/NNC Correspondent   08-09-2015

 The benchmark BSE Sensex spurted by 427 points to 25,745.15 and NSE Nifty regained the 7,800-mark in early trade on Wednesday on continued across-the-board buying, tracking extended rally in global markets.The 30-share index, which had gained 424.06 points in the previous session, was up by 427.28 points or 1.69 per cent to 25,745.15 with

Govt Won't Go Soft On Black Money: Jaitley

- Alive/NNC Correspondent   08-09-2015

 Refusing to relent on the pursuit of black money, Finance Minister Arun Jaitley on Wednesday said the government will not "go soft" on bringing unaccounted wealth back into the formal system."This (black money) is not an issue which we are going to go soft on.

Sensex Recovers 215 Points In Early Trade

- Alive/NNC Correspondent   02-09-2015

The benchmark BSE Sensex recovered over 215 points in early trade today on value-buying by participants amid positive global cues.The 30-share barometer spurted by 215.57 points, or 0.84 percent, to 25,669.13. The gauge had lost 937.82 points in the previous three sessions.The NSE Nifty rose 66.05 points, or 0.85 percent, to 7,783.05 in early trade.

Sensex Down By 587 Points, Nifty Slips Below 7,800 Mark

- Alive/NNC Correspondent   01-09-2015

Continuing its poor show the benchmark BSE Sensex plummeted by 587 points to close at over one-year low of 25,696.44 on intensified selling triggered by weak domestic and global macroeconomic data.A government data yesterday said that domestic growth had slowed down to 7 per cent in the June quarter from 7.5 percent in

Over 10 Companies Get RBI Nod To Set Up Payments Banks

- Alive/NNC Correspondent   19-08-2015

The Reserve Bank of India (RBI) on Wednesday granted `in-principle` approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo and Department of Posts, to set up non-lending payments banks as part of the financial inclusion drive.The others who got the approval are Airtel M Commerce Services Limited, Fino PayTech

Smartphone Prices In India May Fall By 11%

- Alive/NNC Correspondent   17-08-2015

Smartphone prices in India may fall by 11% year-on-year in 2015 with demand for 4G devices capturing 6% of the smartphone unit demand, research firm GfK said.Besides, India would be the largest contributor to smartphone sales growth globally, it added.In the second quarter of 2015, global smartphone sales in value terms was

Sensex Down By 288 Points In Early Trade

- Alive/NNC Correspondent   17-08-2015

The benchmark BSE Sensex on Monday was trading 288 points down in late morning deals on profit-booking in realty, oil&gas, IT, teck, auto, power, consumer durables, healthcare and FMCG sectors amid weak Asian markets.The market breadth indicating the overall health of the market was negative.The BSE Sensex

Sensex Shines In Early Trade, Climbs 162 Points

- Alive/NNC Correspondent   13-08-2015

The benchmark BSE Sensex rose for the second straight day by gaining over 162 points and the NSE Nifty recrossed the 8,400-mark in early trade today on sustained buying by investors amid a mixed trend overseas.The 30-share index, which had gained 37.27 points in the previous session, rose further 162.03 points, or 0.58

Sensex Up By 279 Points In Early Trade

- Alive/NNC Correspondent   12-08-2015

The benchmark BSE Sensex rebounded over 278 points to 27,791.10 in early trade on Thursday, reversing its fall for the last four sessions after retail inflation eased in July, raising hopes of a rate cut by the Reserve Bank.Industrial output too cheered, which expanded at a 4-month high of 3.8 percent in

Rupee At 2 Year Low Against Dollar

- Alive/NNC Correspondent   11-08-2015

The rupee lost another 48 paise against the US dollar to 64.67, its weakest level since September 2013, due to appreciation of the dollar overseas after China devalued the yuan for the second straight day.Forex dealers said increased demand for the greenback from importers after China lowered the yuan value continued to

Structuring Indirect tax System

- Sanjeev Sirohi   10-08-2015

The Centre is all set to implement the Goods and Services Tax (GST) after it has been passed by the Lok Sabha on 6 May 2015. 352 members voted in favour for the Bill and 37 against it. It now awaits approval from Rajya Sabha. Needless to say, GST primarily aims to stitch together

Govt To Seek Rs 426 Crore From Nestle India

- Alive/NNC Correspondent   10-08-2015

The government will seek Rs 426 crore as damages from the Indian unit of Swiss giant Nestle for allegedly indulging in unfair trade practices and misleading advertisements related to Maggi, its banned noodles product.Seeking financial penalties among other actions, the Consumer Affairs Ministry will soon file a complaint against the

India Can Take On China With Low Cost Of Wages: Arun Jaitley

- Alive/NNC Correspondent   07-08-2015

Expecting a moderation in interest rates in coming days to spur manufacturing growth, Finance Minister Arun Jaitley on Friday said the Indian industry can take on China with lower wage cost and competitive pricing of products.Speaking at a leather industry event, he said India's largest competitor China is

BMW New MINI Countryman Launched In India

- Alive/NNC Correspondent   06-08-2015

German car maker BMW has launched the new model of the compact luxury-car brand, Mini in India – the 2015 Countryman diesel.The New MINI Countryman has been launched at Rs 36.5 lakh (ex-showroom Delhi).The car is powered by 4-cylinder turbodiesel engine that delivers 112bhp of power and a maximum torque

Buy Furniture On Flipkart

- Alive/NNC Correspondent   05-08-2015

Online retailer Flipkart has ventured into furniture segment under its Home category. With this move, Flipkart will now compete with other online furniture players such as Urban ladder and Pepperfry.The customers can now buy over 10,000 small and large furniture products which includes sofas, beds, tables and much more.The

FM Arun Jaitley Regrets Delay In GST Rollout

- Alive/NNC Correspondent   06-08-2015

Citing slowdown in China, Finance Minister Arun Jaitley Wednesday said India has a chance to become a global manufacturing hub but regretted that Congress was not allowing GST rollout which alone could push GDP by 1 to 2 percent.The minister said in Lok Sabha that India can see 8 percent growth as


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