PNB scam accused Nirav Modi arrested in London
Business 23 hours ago

Fugitive jeweller wanted in the 14,000-crore Punjab National Bank scam Nirav Modi has been arrested in London on Wednesday. Earlier on Monday, Britain's Westminster Court had issued an arrest warrant against Neerav Modi. Police will present Neerav Modi before court on March 25. Red Corner Notice has been issued against Neerav Modi. Westminster Court issued arrest warrants. Fugitive jeweller wanted Neerav Modi had reached London through 'Golden Visa'. (image credit: The Week)

SBI inks pact with Bank of China for business opportunities
Business 1 day ago

Country's largest bank State Bank of India (SBI) said on Tuesday that it has signed an agreement with Bank of China to promote business opportunities. State Bank of India (SBI) in a release said that State Bank of India has signed the Memorandum of Understanding with Bank of China. Its purpose is to increase the synergy trade between the two banks. State Bank of India and Bank of China will benefit from direct access to the respective markets in this business agreement. (image credit: Firstpost)

Rupees fall by 19 paise against US dollar in early trading
Business 1 day ago

The Indian rupee fall by 19 paise to close at 69.15 against the dollar in early trade on Wednesday as crude oil prices climbed to four-month high amid dollar demand from importers. Dealers said that crude oil in overseas markets reached the highest level of four months at $ 67.47 a barrel. However, there is some restriction on the decline in the Indian rupee due to the softening of US dollar compared to other major foreign currencies in foreign market on Wednesday. (image credit: Moneycontrol)

GST Council to clear rules for lower housing rates
Business 1 day ago

Revenue Secretary Ajay Bhushan Pandey said after meeting of the GST Council on Tuesday, the builders will have an option in all existing residential construction projects that they are old (rates of 12 and 8 percent are applicable) or new scheme (five under GST and one Percent rates are applicable) All new residential buildings, which will be build after April 1st, will have the new reduced rates of GST and slashed tax rates for under-construction flats to 5%. (image credit: Business Standard)

Reliance Communications paid Rs 458.77 crores to Ericsson
Business 2 days ago

Reliance Communications (RCom) has paid Rs 458.77 crores to Ericsson, a company that owns Sweden's telecommunications equipment. Sources told this information. The company had to pay this within the deadline till the Tuesday fixed by the Supreme Court. If the company fails to do so, then RCom chairman Anil Ambani had to serve three months in jail. During the hearing of this case last month, Supreme Court said Ambani was found guilty of contempt of the court. (image credit: Yahoo News)

UK court issues arrest warrant against Nirav Modi
Business 2 days ago

A London court has issued arrest warrant against the fugitive diamond trader Nirav Modi on Tuesday. Government officials said that the court has taken this action on an application made for extradition by Enforcement Directorate. The court has now issued an arrest warrant against fugitive Nirav Modi after this matter was sent to West Minster Court by the British Home Secretary. This would mean that Nirav would not be able to get out of London even after getting bail. (image credit: Rediffmail)

Sensex jumped 330 points, Nifty trading at 11,500
Business 3 days ago

Indian stock markets started strongly on Monday early trade with the first trading day of the week. The BSE Sensex jumped 330.02 points at 9:35 and settled at 38354.34 from the day's strongest level and the NSE Nifty was trading at 11,523.90 with the fastest gain of 97.05 points. The Bombay Stock Exchange (BSE) based on 30 stocks rose 107.92 points to 36,744.02 points, while the National Stock Exchange (NSE) 50-share Sensex index Nifty advanced 47 points to 11,473.85. (image credit: Zee News)

Rupee recovers 17 paise against US dollar in early trade
Business 3 days ago

Rupee strengthened by 17 paise to close at 68.93 against the US dollar on Monday early trade on sustained investment of foreign capital and weakness in the US currency in global markets. According to data released by Commerce Ministry on Friday, the country's export business registered a slight increase of 2.44 percent during February month. But trade deficit decreased to $ 9.6 billion during the February month due to decline in gold and petroleum in global market. (image credit: Business Standard)

SBI launches Doorstep Banking facility for Senior Citizens
Business 7 days ago

Reserve Bank of India (RBI) had asked all banks to provide special facilities for senior citizens and divisors. State Bank of India has now started the 'Doorstep Banking' facility. This facility will be available to Senior Citizens over 70 years of age account holders. However, SBI introduce some of conditions for this Doorstep facility. Account holders need to complete KYC and registered mobile number. Account holder address must be within 5 kilometer from Home Branch. (image credit: Livemint)