Rupee drops 7 paise against US dollar


Mumbai, Feb 16 (PTI) The rupee depreciated 7 paise to 66.97 against the US dollar in early trade today on fresh demand for the American currency from importers and banks. Dealers attributed the rupee's fall to fresh demand for the US currency from importers, but a higher opening in the domestic equity markets and dollar's weakness against some currencies overseas capped the losses.

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National Productivity Week Celebrations from Feb 12-18, 2017
February 12, 2017

National Productivity Council, an autonomous body under Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India was established on 12th February, 1958, with the objective of stimulating and promoting productivity and quality consciousness across all sectors in the country. With the Government’s

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Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016
February 12, 2017

 Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies to monitor the actions taken against deviant shell companies by various agencies.   A Meeting was held today in Prime Minister’s Office (PMO) along with the Senior

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23 Dreamliner Aircraft Already Acquired By Air India, 4 More to Come
February 10, 2017

Air India has acquired 23 ‘Dreamliners’ progressively from September, 2012 to 9th January, 2017. The Dreamliner aircraft have experienced technical reliability issues, since induction into Air India fleet. These issues, however, do not adversely affect the safety of the airplane due to the system design and in-built system redundancy. Further,

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Tata Steel Swings To Profit In Third Quarter
February 8, 2017

Tata Steel, which also has operations in Europe, had posted a consolidated net loss of Rs. 2,748 crore in the year-ago quarter. Tata Steel posted a consolidated net profit of Rs. 232 crore in its fiscal third quarter.

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Rs. 10000 crore Special Banking Arrangement made in Budget 2017 to clear Fertilizer Subsidy dues: Shri Ananth Kumar
February 7, 2017

Chemicals and Fertilizers Minister addresses media on Budget 2017 allocations and achievements of the Ministry in last three years Union Minister of Chemicals and Fertilizers, Shri Ananth Kumar addressed the media here today and appraised the gathering about the achievements of Department of Chemicals, Fertilizers and Pharmaceuticals during the

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RBI May Remove Weekly Withdrawal Limit From Savings Bank Accounts
February 4, 2017

The Reserve Bank of India or RBI is likely to remove the restrictions on cash withdrawals from savings accounts soon. "Remonetisation exercise is nearly complete," Economic Affairs Secretary Shaktikanta Das told PTI. Currently only an amount of Rs. 24,000 can be withdrawn from savings accounts. Last week the RBI had removed withdrawal limits from

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