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BSNL Offers Free Calls On Landline Connections From May 1

- Alive/NNC Correspondent   23-04-2015

In a bid to revive its landline business, the Bharat Sanchar Nigam Limited (BSNL) has announced unlimited free calling scheme on landline phones between 9 p.m. and 7 a.m. starting May 1.According to reports, the scheme will allow the users to make free calls to any operator, including mobile phones,

Below Normal Monsoon To Affect GDP Growth

- Alive/NNC Correspondent   22-04-2015

Hours after the official forecast suggested "below normal" monsoon this year, domestic rating agency Crisil Wednesday said a second straight year of weak rains will dent its 7.9 percent GDP growth estimate by 0.50 percent."According to our calculations, a deficient monsoon, if it comes true, will shave off 0.50

Sensex Gains 214 Points

- Alive/NNC Correspondent   21-04-2015

Ignoring caution over below normal monsoon forecast, the benchmark BSE Sensex Wednesday rebounded by 214 points to snap its five-day losing run to 27,890.13 on value-buying in bluechip stocks like Sun Pharma.Sentiment were also buoyed after Finance Minister Arun Jaitley said GST bill will be passed in the current session of

No Rise In Gold Purchase On Akshaya Tritiya

- Alive/NNC Correspondent   20-04-2015

Gold purchases in India started slowly a festival day, despite a fall in local prices, as hard times in rural areas have hit demand and many buyers are holding back because they expect prices to fall even further.Indians are the world`s biggest consumers of bullion and Akshay Tritiya

Sensex Up By 97 Points

- Alive/NNC Correspondent   19-04-2015

The benchmark BSE Sensex rose over 97 points in early trade after sentiments were bolstered on the back of Reliance Industries' encouraging fourth quarter earnings announced last week.The 30-share index, which had lost 602.34 points in the previous three sessions, recovered by 97.36 points, or 0.34 per cent, at 28,539.46, with stocks of consumer

Rupee Down By 19 Paise Against Dollar

- Alive/NNC Correspondent   19-04-2015

The rupee declined by 19 paise at 62.55 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to appreciation of the American currency overseas.Forex dealers said fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the

Don't Pay Higher Service Tax As Finance Bill Is Yet To Be Passed

- Alive/NNC Correspondent   17-04-2015

The Finance Ministry has asked people not to pay higher service tax of 14 percent, proposed in the Budget, as the Finance Bill has not yet been passed by Parliament. Revenue Secretary Shaktikanta Das said customers should lodge a complaint with the local Chief Commissioner if any establishment asks for 14 percent

Give Full Support To PM Modi: Ratan Tata

- Alive/NNC Correspondent   16-04-2015

 Cautioning the industry against getting "disillusioned so fast", top business leader Ratan Tata has asked it to give 'support and opportunity' to Prime Minister Narendra Modi for delivering on his promises.Stating that the Modi government has not completed even one year in office, Tata said, "

Govt Owes Rs 600 Crore To Air India

- Alive/NNC Correspondent   17-04-2015

The government owes around Rs 600 crore to Air India for using its aircraft for travel of VVIPs.The Ministry of Civil Aviation has taken up the issue with various ministries regarding the pending amount related to the services of Air India aircraft availed for such VVIP travel.According to official

Sensex Down By 134 Points

- Alive/NNC Correspondent   15-04-2015

The benchmark BSE Sensex has declined by 134 points to end at one-week low of 28,666.04 as cautious investors booked profits, particularly in IT stocks, ahead of TCS's announcement of earning numbers later in the day.The market resumed trading on a firm note on the back of positive Asian trends

Rupee Gains 13 Paise Against Dollar

- Alive/NNC Correspondent   14-04-2015

The rupee recovered by 13 paise at 62.38 against the US dollar in early trade on Wednesday at Interbank Foreign Exchange after the Greenback weakened overseas due to disappointing American retail sales data.Forex dealers said besides increased selling of the US dollar by exporters, a higher opening in the domestic equity

India's GDP Growth Rate To Reach 8%: World Bank

- Alive/NNC Correspondent   13-04-2015

The World Bank has predicted a GDP growth rate of 8 per cent for India by 2017 and said that a strong expansion in the country, coupled with favourable oil prices, would accelerate the economic growth in South Asia.In India, GDP growth is expected to accelerate to 7.5 per cent in fiscal

Sensex Gains 125 Points

- Alive/NNC Correspondent   12-04-2015

The benchmark BSE Sensex surged over 125 points to regain the 29,000-level in early trade, tracking improved IIP data that grew at a nine-month high of 5 per cent in February.The 30-share barometer reclaimed the 29,000-mark by rising 125.65 points, or 0.43 per cent, to 29,005.03 with capital goods, realty, consumer durables, metal, power,

Gold Crosses Rs 27,000 Mark

- Alive/NNC Correspondent   10-04-2015

Gold prices rose for the second straight day and reclaimed the psychologically important Rs 27,000-mark, surging by Rs 280 to trade at Rs 27,080 per 10 grams at the bullion market today amid a firming global trend.Besides, increased buying by jewellers to meet wedding season demand helped the precious metal to recapture

Modi Govt Eyes Gold Deposited In Temples

- Alive/NNC Correspondent   09-04-2015

Prime Minister Narendra Modi wants to get his hands on the temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the US bullion depository at Fort Knox, Kentucky, to help tackle country's chronic trade imbalance. Modi government is planning to launch a

Gold Price Drops By Rs 400

- Alive/NNC Correspondent   08-04-2015

Gold prices tumbled by Rs 400 to hit one-week low of Rs 26,750 per 10 grams at the bullion market amid a weak global trend and low demand from jewellers and retailers.Silver also plunged by Rs 1,350 at Rs 36,650 per kg on poor offtake by industrial users and coin makers.Bullion merchants said

Small Businessmen Drive Indian Economy: PM Modi

- Alive/NNC Correspondent   08-04-2015

Prime Minister Narendra Modi has said it is their small businessmen, including vegetable sellers, milkmen, weavers, artisans and newspaper vendors that drive the Indian economy in reality, and not the large companies.In a letter addressed to 'small business persons across the country', Modi said they are the "

Sensex Gains 137 Points

- Alive/NNC Correspondent   08-04-2015

The benchmark BSE Sensex gained over 137 points in early trade on sustained foreign capital inflows amidst a firming trend at other Asian markets.The 30-share barometer advanced by 137.56 points, or 0.48 percent, at 28,654.15 with all sectoral indices, led by healthcare, IT, power and auto, trading in positive zone with gains up

Govt Hikes Dearness Allowance To 113%

- Alive/NNC Correspondent   07-04-2015

In an attempt to benefit over 1 crore central government employees and pensioners, the government has hiked the dearness allowance by 6 percent from the existing 107 percent.To be effective from January 2015, the DA will now stand at 113 percent of the basic pay.The decision benefiting 48 lakh government employees and 55 lakh pensioners

PM Modi Launches MUDRA Bank

- Alive/NNC Correspondent   07-04-2015

Prime Minister Narendra Modi has launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).Big industrial houses provide jobs to only 1.25 crore people, while small entrepreneurs employ 12 crore people, Modi said after launching the Mudra


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