Friday, 29 April 2016

NEWS ROUND UP

Companies Law has stringent penal provisions against fraud: Government.

State Bank of Bikaner & Jaipur Q4 net down 31% at Rs 193 crore.

Finance Ministry ratifies higher interest rate of 8.8% on EPF deposits for 2015-16.

Gold tops Rs 30,000 mark, hits two-year high on global cues.

ICICI Bank's quarterly profit plunges to lowest since 2006.Its net profit fell 76 percent to Rs 702 crore ($105.60 million) for its fiscal fourth quarter to March 31, missing analysts' estimates of a profit of Rs 3,142 crore. The quarterly profit was the smallest for ICICI since the June quarter of 2006, according to Thomson Reuters data.

50% of smaller firms not paying taxes: Government.

Oil prices hit fresh 2016 highs on weak dollar, US output fall

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