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Confident of containing CAD below $60 billion: FM

Confident of containing CAD below $60 billion: FM

Finance Minister P Chidambaram exuded confidence that India’s current account deficit (CAD) will be contained below USD 60 billion this financial year as against an earlier estimate of USD 70…

FM sure of pushing insurance Bill in Winter session

FM sure of pushing insurance Bill in Winter session

The government will push the long pending insurance bill, which seeks to raise FDI cap in the sector to 49 per cent from 26 per cent in the Winter session…

Govt cuts import tariff on gold, hikes silver

Govt cuts import tariff on gold, hikes silver

The government on Friday slashed the import tariff value of gold to $ 440 per ten gram and raised it on silver to $ 738 per kg, in line with…

India’s 100 richest includes only five women

India’s 100 richest includes only five women

Only five women find a place in India’s 100 riches, having a collective wealth of USD 8.83 billion and accounting for a little over three per cent of the total…

India receives most remittance from Saudi Arabia

India receives most remittance from Saudi Arabia

India is the top remittance beneficiary from Saudi Arabia with USD 8.4 billion received in 2012, the World Bank has said. Saudi Arabia is the second most remittance sending country…

Facebook’s Zuckerberg paid record USD 2.2 billion

Facebook’s Zuckerberg paid record USD 2.2 billion

Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than USD 2.278 billion, according to a survey by a corporate governance…

Joyalukkas to have 54 outlets in India by March

Joyalukkas to have 54 outlets in India by March

Joyalukkas Group proposes to open 54 outlets in India by March 2014, and was targetting a total turnover of Rs 12,000 crore this fiscal, a top company official said Wednesday.…

LIC HFL reduces home loan rates by 0.25 per cent

LIC HFL reduces home loan rates by 0.25 per cent

Housing finance company LIC Housing Finance (LIC HFL) on Monday said it has reduced home loan rates by 0.25 per cent with effect from October 15. The new rates on…

China proposes future reform for IMF and WB

China proposes future reform for IMF and WB

China has made some specific proposals on the future direction and reform process of International Monetary Fund (IMF) and the World Bank (WB). “Firstly, the World Bank Group needs to…

SBI slashes interest rates on car, consumer goods

SBI slashes interest rates on car, consumer goods

State Bank of India (SBI) on Wednesday reduced interest rates on loans for car and consumer durables and also decided to lower processing charges to cash in on the festival…