Prime Minister Narendra Modi’s allegations that Pakistan was trying to influence the outcome of the assembly elections in Gujarat was “utterly baseless and irresponsible”, the neighbouring country has said.

“India should stop dragging Pakistan into its electoral debate and win victories on own strength rather than fabricated conspiracies, which are utterly baseless and irresponsible,” spokesperson of Pakistan’s ministry of foreign affairs Mohammad Faisal tweeted on Sunday.

New Delhi: Taking the fight to the arena used by fraudsters promising prize money from the Reserve Bank of India (RBI), the central bank has itself launched an SMS campaign and a 'missed-call' helpline to warn people against such scams.

Typically, such fraudsters make calls or send SMSes and emails to gullible people promising lotteries and prize money from the Reserve Bank -- at times from the RBI Governor himself -- to trap them into sharing their banking account details or paying some 'fees or charges' to get the money.

After slashing the Goods and Sales Tax (GST) rates of over 200 items last month, the government on Saturday hinted at reviewing levies on the items in the top 28 percent tax bracket.

On 10 November, the GST Council, headed by Finance Minister Arun Jaitley, had lowered GST rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.

Mumbai: The troubles that have rocked Infosys over the past year show no signs of going away in a hurry amid growing suspicion that a very senior official in the $10-billion software major is probably behind the latest letter to securities regulator Sebi seeking to nix the company's petition to settle through the consent route the disclosure lapses relating to the severance package paid to its former CFO Rajiv Bansal.

The consent mechanism allows a party to settle disputes or suspected wrongdoing without the admission of guilt.

Mumbai: At least three state-run lenders—Punjab National Bank (PNB), Syndicate Bank and Indian Bank—are likely to launch their qualified institutional placement (QIP) offerings in the coming weeks, said three people aware of the development. Collectively, these three state-owned lenders are targeting to raise around Rs6,000-7,000 crore.

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities other than warrants that are convertible into stocks, to a qualified institutional buyer.

Mumbai: Post the merger of its five associates, State Bank of India (SBI) has changed names and Indian Financial System Code (IFSC) codes of nearly 1,300 of its branches. The country’s largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.

“Some of our old associate branches are getting merged with SBI branches. When that merger happens, the IFSC codes get changed,” the bank’s managing director (retail and digital banking), Praveen Gupta, said.

Benchmark BSE Sensex advanced by 195 points in early session on Monday on continuous buying by domestic institutional investors amid strong global leads.

The NSE Nifty also went past the 10,300-mark.

When prime minister Narendra Modi flagged off the Hyderabad Metro a fortnight ago, it marked the launch of what has been billed as the world’s largest public-private partnership (PPP) project in the sector. Since it was thrown open to the public a day later, the 30-km stretch (24 stations) has witnessed good ridership, recording a high of 2.4 lakh passengers on a single day.

NEW DELHI: Tata MotorsBSE 0.07 % on Monday said it will increase prices across its range of passenger vehicles by up to Rs 25000 from Jan 2018 due to rise in input rising input costs.

Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, "The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase.

The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a closely-watched launch, while Asian shares climbed amid optimism about global growth.

The most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening, before leaping to a high of $18,700 - a gain of 21 per cent. They were last quoted at $17,550 a premium of more than $1,600 to the price on Gemini Exchange.

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