Category: BUSINESS

German luxury car maker Audi today said it will increase prices of its vehicles by up to Rs 9 lakh from April 1 to pass on the impact of increased customs duty in the Budget. The price across the entire model range will be increased by up to 4 per cent owing to the hike in the customs duty announced in the Union Budget, Audi India said in a statement. The price increase will range from Rs 1 lakh to Rs 9 lakh and will be effective from 1st April,…

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The Lok Sabha will take up the Finance Bill as well as the Appropriation Bills this noon, Speaker Sumitra Mahajan announced today amid noisy protests by members of opposition and some NDA constituents in the House. Speaker Sumitra Mahajan agreed with the views of Parliamentary Affairs Minister Ananth Kumar that the guillotine (end of discussion on various demands for grants), the Finance Bill and the Appropriation Bills be taken up at 12 noon instead of 5 pm. Kumar said the government has been making efforts to run the House for…

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Gold rallied by Rs 65 to Rs 31,515 per ten gram at the bullion market today on firm global trend and pick-up in buying by local jewellers. Silver also moved up by Rs 60 to Rs 39,560 per kg due to increased offtake by industrial units and coin makers. Traders said sentiment got a boost after gold edged higher overseas on a weaker dollar following US Secretary of State Rex Tillerson’s sudden dismissal and after consumer price data pointed towards a path of gradual hikes in US interest rates. Globally,…

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The State Bank of India today reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per cent, effective April 1. The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. The above revision will benefit 25 crore bank customers. For semi-urban and rural centres, the charges have been reduced from Rs 40 per month…

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The government said today that no firm promoted by Nirav Modi group featured in the list of more than 2.26 lakh companies whose names were struck off from the official records till the end of 2017. As part of larger efforts to curb the black money menace, the corporate affairs ministry has deregistered little over 2.26 lakh companies for not carrying out business activities for long. Diamond merchant Nirav Modi is allegedly the key person behind the Rs 12,700 crore scam at the Punjab National Bank. Modi, his associates and…

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Telecom major Bharti Airtel today announced the launch of its VoLTE services in Kolkata. Airtel VoLTE, which works over 4G, will enable customers across the city to enjoy HD quality voice calls with faster call set up time, the company said in a statement. Airtel had been launching VoLTE based services in parts of the country in the recent months. Customers can make calls to any mobile or landline network using Airtel VoLTE. Presently, most of the new 4G handsets are VoLTE compatible. There will be no additional data charges…

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The BSE Sensex surged over 300 points in early trade and the Nifty reclaimed the 10,300-level on fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours on Monday. Asian markets too were trading in the green on strong cues from Wall Street after a better-than-expected US jobs report on Friday. The 30-share Sensex rallied 301.55 points, or 0.90 per cent, to 33,608.69 in opening trade. The index had lost 44.43 points in the previous session on Friday. All the sectoral…

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The BSE Sensex finished 43 points lower at 33,307.14 today after a bout of fag-end selling wiped out early gains. Metal stocks came under heavy selling pressure after US President Donald Trump signed two proclamations that imposed tariffs on some steel and aluminium imports, sparking fears of retaliatory moves by other countries. The 30-share index, which remained in the positive zone for the major part of the session, hit a high of 33,519.49 but succumbed to a late sell-off to end at 33,307.14, down 44.43 points, or 0.13 per cent.…

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