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FDI rules for realty relaxed

The government today relaxed the rules for allowing FDI in construction, including housing, by lowering the minimum built-up area and capital requirements for realtors.

Concerted bid to share tax data

India will try to get major nations, including the US, to agree to an automatic exchange of tax information during Prime Minister Narendra Modi's visit to Brisbane for a G20 meet next month.

Success to help add $30bn to forex kitty

Efforts to bring back black money into India can shore up the country's foreign exchange reserves by at least $30 billion.

Festivity buoys Uco

Public sector Uco Bank has registered an over 67 per cent year-on-year growth in retail credit during the festive season.

Sensex back above 27K

The BSE Sensex and the Nifty today hit their highest close in five weeks, taking cue from the global markets which rallied on expectations that the US Federal Reserve would reaffirm its willingness to keep interest rates low for some time.

Marginal rise in TechM profit

Tech Mahindra today reported a marginal growth in the September quarter net profit at Rs 719.7 crore as forex losses impacted the bottomline. The Mahindra Group company had reported a net post-tax profit of Rs 718.4 crore in the year-ago period.

State Bank cuts select deposit rates

The State Bank of India today reduced the interest rate on deposits of 7-45 days by one percentage point to 5 per cent.

Emami net grows 16%

Emami has posted a 16 per cent growth in consolidated net profit at Rs 92.76 crore for the second quarter ended September 30.
FDI rules for realty relaxed

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