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-
Will undertake policy measures after weighing challenges: RBI Governor Shaktikanta Das on Brexit
Reserve Bank Governor Shaktikanta Das Friday said the central bank will undertake policy responses after carefully weighing the challenges and opportunities with regards to developments around Brexit. -
Vibrant Gujarat: MoUs worth Rs 56,000 crore inked on Day 1
The Gujarat government signed around 130 MoUs with investment commitments worth over Rs 56,000 crore in various sectors on the first day of the Vibrant Gujarat Global Summit here Friday, said officials. A majority of the MoUs, also called Investment Intentions (IIs), were signed in the port and transport sector. China-based Tsingshan group commited to […] -
Will undertake policy measures after weighing challenges: Shaktikanta Das on Brexit
India#39;s external sector has remained resilient in recent period despite terms of trade losses due to the firming up of international crude prices and uncertain global demand conditions, the RBI governor said while speaking at Investors#39; Roundtable, 9th Vibrant Gujarat Global Summit 2019 here. -
Forex reserves swell by $1.26 billion to $397.35 billion
Expressed in US dollars, forex assets include the effect of appreciation/depreciation of non-US currencies such as the euro, pound and the yen held in the reserves. -
NPA recognition likely to get prolonged till FY20, may spike by Rs 5.24 trillion in FY20: Report
The RBI had last month come out with the guidelines stipulating that from April 2019, minimum 40 percent of fund- based limits of a borrower is required to be structured in the form of a #39;loan component#39; with a fixed maturity. -
1.10 crore jobs lost in 2018? Rural sector worst hit; MRO industry demands 5% GST
The association’s claim assumes significance in the wake of the Centre for Monitoring Indian Economy, an independent think-tank, recently estimating that a whopping 1.10 crore jobs were lost in 2018 alone -
MRO industry loses 90,000 jobs to exports, demands 5% GST
Urging the government to bring down GST rate on the maintenance, repair and overhaul (MRO) services to 5 percent from the present 18, the MRO Association of India has also expressed fears of a "shut-down" of the industry if the "anomalies" were not fixed on priority. -
Nayara Energy to invest $850 million to expand into petrochemical business
In the first phase, the company plans to set up a 450,000 tonnes per annum polypropylene plant, its CEO B Anand said after the firm signed an MoU committing the investment. -
Forex reserves swell by $1.26 bn to $397.35 bn
In the reporting week, foreign currency assets -- a major component of the overall reserves -- rose by USD 1.087 billion to USD 371.379 billion, the Reserve Bank said. -
US will continue to be key market for Indian services, products: Report
"The energies and aspirations of Indian companies and citizens, combined with the reforms implemented and to come, will drive India to achieve the ambition of becoming a USD 5 trillion economy by 2022 and alongside lift US India commercial engagement as a participant in this growth," Arun Kumar, chairman and CEO, KPMG in India, said. -
Rahul Gandhi remembering #39;didi#39; after #39;behenji#39; abandoned him: BJP
At a press conference, BJP leader and Union minister Smriti Irani said the rally, which is expected to see the presence of a number of opposition leaders, "exposes" the saffron party#39;s rivals as it suggest that they cannot fight it on their own. -
India#39;s economy in #39;perilous#39; state; would have resigned if I were FM: Chidambaram
Addressing a press conference, the senior Congress leader said the NDA government would not be able to meet the fiscal deficit target of 3.3 percent, like in 2017-18 when it missed the fiscal deficit target of 3.5 percent. -
CM fund gave Rs 50.50 cr for drought relief in 45 months: RTI
In May 2015, the Maharashtra government had declared drought in over 29,000 villages of the state, most of them located in parched Marathwada and Vidarbha regions. -
Booming economy, govt schemes to drive domestic steel demand: Minister
The minister said government programmes such as Pradhan Mantri Awas Yojna, affordable housing and urban housing missions would also contribute to the growth of steel consumption. -
10% EWS quota decision not linked to elections: Piyush Goyal
"Our government does not work keeping elections in mind. We take decisions that are beneficial for the country at large...This (10 percent EWS quota) has been under discussion since a long time," the railway minister said. -
India#39;s defence export may cross Rs 10,000 cr by end of FY19: Ajay Kumar
"Indian industry has been doubling the defence exports in the last three years. Three years back, total defence export from India was only about Rs 1,500 crore. Last year, the figure reached Rs 4,500 crore. This year, by November, we have done Rs 7,500 crore export, and by March we are going to cross Rs 10,000 crore," Kumar said. -
Toyota to start transition to BS-VI ahead of schedule
The company believes that early migration to the stricter emission norms will help it maintain a smooth transition to the new regime, especially as it is almost a certainty that older version cars will not be allowed to sell after March 31, 2020. -
E-tailers should be asked to furnish certificates about FDI policy compliance, CAIT writes to Suresh Prabhu
In a letter to Commerce and Industry Minister Suresh Prabhu, the Confederation of All India Traders (CAIT) also said that "those who are unable to obtain the said certificate should not be allowed to raise funds and the operations of their portal should be suspended". -
DATA STORY | Govt schools are catching up with private players in terms of learning
Even though the learning gap has reduced by just 6.9 percentage points over six years, the change indicates a reversal in the earlier trend of learning levels at government-run schools declining. -
Rupee settles 16 paise down at 71.19 vs USD; registers 2nd weekly loss
During the week the domestic unit registered a loss of 27 paise. -
India may miss disinvestment target once again in FY19; fiscal deficit set to overshoot limit
After overachieving the divestment goal in the last financial year 2017-18 by a respectable amount, India looks set to miss its disinvestment target for the current fiscal 2018-19 once again -
RIL chief outlines plan to take on Amazon, Flipkart
Jio and Reliance Retail will launch a commerce platform to empower its 12 lakh small retailers in Gujarat. The retail arm operates nearly 10,000 outlets across 6,500 Indian cities which will come aboard through Jio’s apps. Last month, India tightened rules that will disallow foreign-owned online retailers and will benefitlocal enterprises such as Reliance. -
RIL chief Mukesh Ambani outlines plan to take on Amazon, Flipkart
Jio and Reliance Retail will launch a commerce platform to empower its 12 lakh small retailers in Gujarat. The retail arm operates nearly 10,000 outlets across 6,500 Indian cities which will come aboard through Jio’s apps. Last month, India tightened rules that will disallow foreign-owned online retailers and will benefitlocal enterprises such as Reliance. -
Increase procurement price of moong beans by 25 to 40% under MSP: Ashok Gehlot writes to PM Modi
The state government has procured 2.36 metric tonne moong beans against the target of 2.39 lakh metric tonne during the procurement period of 90 days from over 1.67 lakh farmers, officials said. -
Sun Pharma writes to SEBI over whistleblower complaint, says certain entities doing unfair biz practices against it
In November 2018, a whistleblower approached Sebi with a document alleging various irregularities by the company, its promoter and others. -
Wipro Q3 consolidated profit rises 31.8% to Rs 2,544.5 crore
The net profit in the October-December 2017 quarter was at Rs 1,930.1 crore. -
Wipro Q3 profit jumps 32%; announces dividend
Net profit of the IT major stood at Rs 2,545 crore in the three months to December 31, from Rs 1,930 crore in the same period a year earlier. The Bengaluru-based company's revenue increased by 10.2 per cent in Q3, while revenue from its IT services grew 13 per cent. -
Wipro net profit jumps 32% in Q3; announces dividend, bonus issue
Net profit of the IT major stood at Rs 2,545 crore in the three months to December 31, from Rs 1,930 crore in the same period a year earlier. The Bengaluru-based company's revenue increased by 10.2 per cent in Q3, while revenue from its IT services grew 13 per cent. -
Gold snaps 4-day rally on subdued demand
Silver, however, advanced by Rs 180 to Rs 40,380 per kg on increased demand from industrial units and coin makers. -
Tesla to cut jobs, says 'road ahead is very difficult'
"Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company," the electric carmaker said. -
Markets end marginally higher; RIL rallies, Sun Pharma drags
Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 percent. -
Leather industry eyeing 5-6% growth in 2018-19: CLE
According to CLE, Chairman, Panaruna Aqeel, India is the second largest consumer of footwear after China, globally. -
Sensex, Nifty end higher for fourth straight day
On the BSE index, Reliance Industries, Kotak Mahindra Bank, HCL Tech, ONGC, Asian Paints and Vedanta were among the major gainers with their stocks surging as much as 4.34 per cent. On NSE, except for Nifty IT, all other sub-indices finished in red with Nifty Pharma losing the most, down 2.70 per cent. -
Delhi-Mumbai new Rajdhani train to be flagged off on Saturday – Schedule, halts and more
It will have one first AC, three AC 2-tier, 8 AC 3-tier and a pantry car. -
Govt may miss divestment target by Rs 20,000 cr: Report
Fiscal deficit will come at 3.5 percent as against the targeted 3.3 percent on the shortfall in disinvestment mop-up and also the dip in the GST collections, domestic rating agency Care Ratings said Friday. -
Working on programme to push agri exports from NE states: Commerce Ministry
"The department is prepared to give a viability gap funding (VGF) for which a programme is being worked out so that the fresh agriculture produce from the northeast (NE) region can be taken to the international market because virtually, the entire region is organic and fertile," Sudhanshu Pandey, additional secretary in the department, said here. -
9th Vibrant Gujarat Summit 2019: Full text of PM Narendra Modi’s speech
Addressing investors at the Vibrant Gujarat Summit, Modi said India is ready for biz as never before. -
India aims ‘Top 50’ rank next year in ease of doing business, says PM Narendra Modi
Modi said his government is focused on removing the barriers which were preventing the country from achieving its potential and will continue with the pace of reforms and deregulation. -
India aims #39;Top 50#39; rank next year in ease of doing biz: PM Narendra Modi
The country#39;s ranking has jumped 75 places in the World Bank#39;s ease of doing business rankings, Modi said. India is now ranked 77th in the list. -
Vibrant Gujarat Summit 2019: PM Modi eyes top 50 slot for India in ease of doing business, says 'still not satisfied'
Modi said the government will continue with the pace of reforms and deregulation. -
Adani announces Rs 55,000 cr investment in Gujarat in next 5 years
Adani Group, which operates Mundra port in the state, had Thursday announced plans to foray into petrochemical business with a Rs 16,000 crore project with German chemical major BASF. -
India signals readiness to put growth ahead of fiscal discipline
Data for the September quarter showed growth eased to 7.1 percent from the 8-plus percent pace seen in the previous three-month period. -
RIL chief urges PM to take steps against data colonisation
Stressing that, in this new world, data is new wealth, Ambani said, "India's data must be controlled and owned by Indian people and not by corporates, especially global corporations." "Gandhiji led India's movement against political colonisation. Today, we have to collectively launch a new movement against data colonisation," he said. -
Mukesh Ambani urges PM Modi to take steps against data colonisation
Stressing that, in this new world, data is new wealth, Ambani said, "India's data must be controlled and owned by Indian people and not by corporates, especially global corporations." "Gandhiji led India's movement against political colonisation. Today, we have to collectively launch a new movement against data colonisation," he said. -
Toyota drives in new Camry Hybrid at Rs 36.95 lakh
The new generation Camry Hybrid comes with a 2.5 litre petrol engine mated with an electric motor delivering a fuel efficiency of 23.27 km per litre. -
Mukesh Ambani urges PM to take steps against data colonisation
Invoking Mahatma Gandhi's movement against political colonisation, Ambani said India now needs a new movement against data colonisation. -
IL&FS’ contract to build Zojila tunnel scrapped
The work on Z-Morh tunnel in Jammu and Kashmir, which was also bagged by the troubled infrastructure major, has been stuck since last July. The state-owned National Highways and Infrastructure Development Corporation (NHIDCL), which is responsible for building highways in hill states and north-east, has served a termination notice to the IL&FS for no progress in this 6-km tunnel project. -
Budget 2019: Arun Jaitley hints at upcoming big-ticket announcements that can’t wait; 5 key things to note
Budget 2019: Even though he rejected rumours that the upcoming interim budget could be fiscally expansionary, Finance Minister Arun Jaitley hinted that it may include some big-ticket announcements that ‘can’t wait’. -
China revises 2017 GDP growth downward to 6.8%
The size of the gross domestic product of the world's second-biggest economy was revised down from 82.7 trillion yuan (USD 12.1 trillion) to 82.1 trillion yuan, NBS said in a statement on its website. -
Interim Budget may go beyond vote-on-account, hints Arun Jaitley
Interim Budget may go beyond vote-on-account, hints Arun Jaitley
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