Truworth Wellness Launches Carepass To Provide Preventive Care Benefits To Employees In Corporate Sector
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Modi said that the government had no vested interest, and public sector banks can derive strength from this fact.
The Finance Minister added that there is a need to give greater autonomy to banks and that non-performing loans in some cases was "unacceptable".
The NSE barometer Nifty also soared over 111 points to close at 8,395.45.
Cars, SUVs and two-wheelers will become expensive from January 1 with the government deciding not to extend the reduced excise duty rates provided to the sector.
All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 per cent under the new Foreign Accounts Tax Compliance Act (FATCA).
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At the Interbank Foreign Exchange (Forex) Market, the rupee hovered in a range of 63.24 and 63.50 per dollar before ending at 63.28 per dollar, three paise lower than its previous close.
Infosys, Wipro, BHEL, Axis Bank and Sesa Sterlite are top gainers in the Sensex.
Russia's energy minister also said on Tuesday his country will not cut production.
The internet revolution has come a long way as far as promoting business is concerned.
The rise on Friday helped the rupee snap four days of decline where it cumulatively lost 56 paise or 0.91 per cent.
The benchmark Sensex on Thursday bounced back to end with a gain of 120 points and Nifty jumped 26.75 points after rising to new lifetime high on the back of heavy buying in ITC shares on buzz that the government will not ban sales of loose cigarettes.
In highly volatile trade, the 30-share BSE index fell to touch the day's low of 28,386.46 following announcement of credit policy.
The Sensex rose 255.08 points or 0.90 per cent to close at 28693.99 and the Nifty climbed 94.05 points or 1.11 per cent to 8588.25.
At the Interbank Forex market, the domestic currency resumed better at 61.81 a dollar from last close of 61.84.
An estimated Rs 20 trillion worth of projects are stuck at various stages for want of land, or environmental clearances or other regulatory or public approvals.