Finance Minister P Chidambaram

Congress labels Urjit Patel a 'gentleman' after calling him a 'captive puppet' during DeMo

After demonetisation, the Congress had called Urjit Patel a 'captive puppet' of the Modi government.

Big Stimulus: Farm loan waiver, money into Jan Dhan a/cs likely?

There is a market buzz that big stimulus is on the cards in the New Year from Prime Minister Narendra Modi, reports CNBC-TV18's Varinder Bansal. The stimulus could be in form of farm loan waiver and money in Jan Dhan accounts.

RBI finalises guidelines for banks to enter insurance biz

They can also act as corporate agents without seeking prior approval from the RBI. However, they will have to comply with IRDA guidelines. Under existing bancassurance guidelines, a bank can act as a corporate agent and sell policy of only one life insurer and one non-life insurance company.

CAD to be less than USD 40 bn: Chidambaram

The CAD narrowed sharply to USD 4.2 billion (0.9 percent of GDP) in Q3 from USD 31.9 billion (6.5 percent of GDP) a year earlier as merchandise exports picked up and imports moderated, particularly gold imports, the RBI said on March 5.

Bad loans biggest challenge facing public sector banks: FM

Addressing a press conference after reviewing performance of PSU banks, he also said that credit disbursal to medium-sized industry has declined and was only "satisfactory" in the agricultural sector.

Bank Nifty up 1.5% post FM meet with PSUs; Tata Power falls

ICICI Bank, Coal India, Cipla, SBI and Maruti Suzuki were top gainers in the Sensex. Among the losers were Tata Power, Bharti Airtel, GAIL, Reliance and Tata Motors.

PC Jeweller, Gitanjali rally on gold import duty cut hope

Gitanjali Gems, PC Jeweller, Renaissance Jewellery, Tribhovandas Bhimji Zaveri and Rajesh Exports climbed 1-2 percent.

Vodafone indecisive on conciliation talks: Chidambaram

The Finance Ministry has already circulated a draft Cabinet note withdrawing the conciliation offer to Vodafone to resolve the Rs 20,000-crore tax dispute case. "In Vodafone's own words, they are unable to make up their mind whether they should go forward with conciliation.

Interim Budget: 6% excise duty for all mobile phones: FM

Electronic component manufacturer association ELCINA said the announcement does not look promising for domestic firms.

Sensex rises 97 pts post interim Budget; private banks lead

Going forward, experts believe the market is going to be rangebound at least till the general elections that may be in May 2014. In case of Tuesday's trade, they see the Nifty moving in a range of 6000-6100.

Highlights of Interim Budget; tax sops, lower borrowing

There were no nasty surprises in the form of populist measures from the Interim Budget, but the government seems to be trying to reach out the corporate sector and the middle class as evident from some of the indirect tax incentives.

Coal production seen at 554MT; Coal India slips

At 12:45 hrs Coal India was quoting at Rs 257.35, down Rs 3.20, or 1.23 percent.

4 UMPPs to start in FY15; stocks react

At 12:40 hrs Adani Power was quoting at Rs 34, up Rs 1.10, or 3.34 percent.

Relief in service tax for rice warehousing; KRBL up 1.2%

At 12:26 hrs KRBL was quoting at Rs 46.00, up Rs 0.55, or 1.21 percent.

FM cuts excise duty on motorcycles to 8%; Hero Moto gains

At 12:21 hrs Hero Motocorp was quoting at Rs 1,988.00, up Rs 51.30, or 2.65 percent.

NTPC up; 50000MW thermal power capacity under construction

At 11:59 hrs NTPC was quoting at Rs 133, up Rs 0.80, or 0.61 percent.

FM cuts excise duty on small cars/CV; stocks rise

At 12:11 hrs Maruti Suzuki India was quoting at Rs 1,663, up Rs 19.65, or 1.20 percent.

Why you shudn't be fooled by Chidu's Budget trick

The reason why Chidambaram is making a song-and-dance about the fiscal deficit and his red line is simple: it is intended to take our attention away from the revenue deficit, which is the real number to monitor.

Growth will not be less than 5% in 2013-14: Chidambaram

Growth in 2012-13 slipped to a decade-low of 4.5 percent. The economy expanded 4.6 percent in the first half (April-September) of this financial year.

Nine-month fiscal deficit crosses 95% of yearly target

The fiscal deficit touched 5.16 trillion rupees during April-December, or 95.2 percent of the full year target, compared with 78.8 percent a year ago, government data showed on Friday.

Chidambaram has questions for Jaitley on Modi

Reacting to Jaitley's comments on his views on Modi in a TV interview, Chidambaram said he expected him to rush to the defence of Modi and he had not disappointed him. "He has responded to my lighter-vein comment on 'back of a postage stamp' and I enjoy such exchanges. However, he (Jaitley) has carefully avoided the other questions that I raised.