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-
Global economy: Just a growth wobble or the beginning of the end?
Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one-off events are factored out -
Jet Airways independent director Vikram Singh Mehta quits
“As per Mehta, ‘in recent months, the call on my time from my other obligations has mounted and I find it increasingly difficult to dedicate the time and attention required to discharge my fiduciary responsibilities. It is for this reason that I have resigned. I wish to express my gratitude to my colleagues on the Board for their support and to the Chairman for his leadership’,” the airline said in its statement. -
Jet Airways independent director quits
“As per Mehta, ‘in recent months, the call on my time from my other obligations has mounted and I find it increasingly difficult to dedicate the time and attention required to discharge my fiduciary responsibilities. It is for this reason that I have resigned. I wish to express my gratitude to my colleagues on the Board for their support and to the Chairman for his leadership’,” the airline said in its statement. -
After weeks of fall, forex kitty jumps by over $1 bn to $393.13 bn
Total reserves had dropped by $1.444 billion to $392.078 billion for the previous reporting week. -
Government’s demand for surplus reserves may escalate standoff with RBI
The matter is pending before the board of the Reserve Bank of India and may be taken up at its next meeting likely on Nov. 19, a government official told reporters in New Delhi, asking not to be identified citing rules. -
Rupee jumps 50 paise to 72.50 against US Dollar on easing crude prices
The dollar weakened following the US mid-tem election results, which showed Democrats wresting control of the House of Representatives from the ruling Republican party. -
Misinformed debate on government trying to loot RBI surplus, no amendment needed for it, says Sanjeev Sanyal
Principal Economic Advisor Sanjeev Sanyal on Friday rejected the ongoing debate that the government is trying to loot RBI’s capital by calling it a ‘misinformed opinion.’ -
Sundar Pichai announces revamped sexual harassment policies at Google
In a memo to employees on Thursday, the Indian-origin CEO said, "We recognise that we have not always gotten everything right in the past and we are sincerely sorry for that. It's clear we need to make some changes." -
Mutual funds' asset base rises to Rs 22.23 lakh crore till October-end
According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 22.04 lakh crore at the end of September. -
IOB hikes benchmark lending rate by 0.05%
MCLR for a one-year tenor will rise to 8.75 percent from 8.7 percent. Most of its retail loans are benchmarked against one-year MCLR. -
Crude oil slides under $70 for first time since April
The fresh plunge comes as representatives from Opec and non-cartel members prepare to meet Sunday in Abu Dhabi to discuss a possible output cut to protect their revenues amid slumping prices. Since hitting four-year highs last month, crude prices have slumped on rising production, Chinese economic growth fears, and easing concerns about the impact of sanctions on Iran. -
India examining details of exemptions on buying Iranian oil
The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. India is one of its biggest customers. -
Here’s what happened at RBI meet on demonetisation day: RBI rejected Modi’s black money claim
The minutes were signed by RBI Governor Urjit Patel on December 15, 2016, five weeks after the meeting was held. -
DGCA issues advisory for Pratt engines of Airbus A320 Neo
“Federal Aviation Administration (FAA) has issued two Airworthiness Directives (ADs) No. 2018-21-10 and 2018-22-02 on Wednesday. The effective date of both the ADs is December 12, 2018,” said a senior DGCA official. -
GAIL’s ‘Make in India’ push: Buys steel pipe worth Rs 1,100 crore from domestic steelmakers
Providing a major fillip to Narendra Modi-led government’s ‘Make in India’ programme, gas utility major GAIL has purchased steel worth Rs 1,100 crore from domestic steelmakers. -
Markets end in red on weak leads from peers
Sensex ended 79.13 points lower at 35,158.55 while Nifty slipped 13.20 points to 10,585.20. -
Fortis Healthcare CEO Bhavdeep Singh quits
Singh has steered the organisation over the past three and a half years. -
Fed holds interest rates steady, says economy remains on track
Policymakers, however, noted that business investment had "moderated from its rapid pace earlier in the year," a possible drag on future economic growth. -
Sensex ends 79 points lower; Nifty below 10,600
Bharti Airtel, Infosys, Tata Consultancy Services (TCS), Reliance Industries were among the major losers on the BSE index, sliding as much as 2.93 per cent. On NSE, sub-indices Nifty Metal and IT were the worst performers, down as much as 0.87 per cent. -
Markets end lower, Sensex slips 79 points; Nifty below 10,600
Bharti Airtel, Infosys, Tata Consultancy Services (TCS), Reliance Industries were among the major losers on the BSE index, sliding as much as 2.93 per cent. On NSE, sub-indices Nifty Metal and IT were the worst performers, down as much as 0.87 per cent. -
Oil prices fell to multi-month low, brent breaches $70/bbl mark
U.S. light crude oil was 25 cents lower at $60.42, down 4.3 percent this week and off more than 20 percent since early October, putting it officially in bear-market territory. -
LPG price hiked by over Rs 2 after rise in dealers' commission
This subsidy amount varies from month to month depending on the changes in the average international benchmark LPG rate and foreign exchange rate. -
LPG price hiked by over Rs 2 after rise in dealers#39; commission
A 14.2-kg subsidised LPG cylinder in Delhi will now cost Rs 507.42 as against Rs 505.34 previously, according to a price notification of state-owned fuel retailers. -
LPG price hiked by over Rs 2 after rise in dealers' commission
This followed an order of the oil ministry that raised the dealer's commission. In that order, the ministry said the domestic LPG distributors' commission for 14.2-kg cylinder and 5-kg cylinder was last fixed at Rs 48.89 and Rs 24.20 respectively in September 2017. -
Google apologises for past handling of harassment, brings changes
Among the key changes announced by the Google CEO includes making arbitration optional for individual sexual harassment and sexual assault claims. -
Government has no proposal to ask RBI for Rs 3.6 lakh crore, fiscal math on track, says Subhash Chandra Garg
Clearing the air on the plan to seek Rs 3.6 lakh crore from the RBI, Department of Economic Affairs Secretary Subhash Chandra Garg on Friday said that the government’s “fiscal math is completely on track” and no such proposal is being considered. -
Government not seeking Rs 3.6 lakh crore from RBI: DEA Secretary
The government Friday said it is not seeking Rs 3.6 lakh crore capital from the Reserve Bank but is only in discussion for fixing appropriate economic capital framework of the central bank. -
Govt not seeking Rs 3.6L cr from RBI: SC Garg
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," economic affairs secretary Subhash Chandra Garg tweeted. -
Government not seeking Rs 3.6 lakh crore from RBI: Subhash Chandra Garg
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," economic affairs secretary Subhash Chandra Garg tweeted. -
Government says not seeking Rs 3.6 lakh crore RBI reserve, dismisses media reports
Economic Affairs Secretary Subhash Chandra Garg in a series of tweets said that government’s fiscal math is completely on track. -
RCEP trade ministers to meet on November 12-13 in Singapore
Regional Comprehensive Economic Partnership (RCEP) is a trade pact aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights. -
Car sales flat in October, PVs up 1.55%
Motorcycle sales last month grew 20.14 percent to 13,27,758 units compared to 11,05,140 units in October 2017. -
Air India Express reports profit in FY18
"The airline has made net profit of Rs 262 crore in FY 2017-18 as per the accounts placed and approved by airline’s board of directors," suddenly a statement issued by the airline on Friday. -
Filing IT returns in India much simpler than US, Nilesh Shah says after jump in ‘Ease of Doing Business’ rank
After India’s made rapid progress in the World Bank’s ‘Ease of Doing Business’ rankings, fund manager Nilesh Shah noted that filing income tax returns in India is much simpler than filing in the United States. -
Reporter#39;s Take | Five years since last product cleanup, life insurers gear up for another change
A majority of the existing products may need to be re-filed with IRDAI to adhere to the proposed changes -
Five years since last product cleanup, life insurers gear up for another change
A majority of the existing products may need to be re-filed with IRDAI to adhere to the proposed changes -
Difficult-to-predict India economy inspires new measuring tools
The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is prompting economists to find a workaround. -
Narendra Modi is still fighting demonetisation damage two years later
Two years after India’s Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy. -
What is Masked Aadhaar, its privacy benefits and how to download it: All you need to know
You can use Masked Aadhaar for KYC where sharing Aadhaar number is not necessary. -
October retail inflation may hit 12-month low, below RBI target: Poll
With the battered rupee gaining slightly against the dollar, a recent cut in fuel taxes and easing global crude oil costs, consumer price inflation likely slowed to 3.67 per cent in October from 3.77 per cent, according to the poll of 35 economists. -
Oct retail inflation may hit 12-month low: Poll
With the battered rupee gaining slightly against the dollar, a recent cut in fuel taxes and easing global crude oil costs, consumer price inflation likely slowed to 3.67 per cent in October from 3.77 per cent, according to the poll of 35 economists. -
Export of raw sugar from India to China to begin early next year
India plans to export 2 MT of raw sugar to China beginning from next year. -
Cabinet approves leasing out six AAI airports through PPP
This is expected to enhance the revenue to AAI and increased economic development in these areas in terms of job creation and related infrastructure. -
Cabinet extends ITI Ltd's quota for procurement by BSNL, MTNL, BBNL
The cabinet also approved reservation of 20 percent of the orders for the turnkey projects like GSM network roll-out, WiFi and others of BSNL, MTNL and the BharatNet project of BBNL. -
Markets open in negative zone; TECK, IT, metal stocks derail
After a flying start to Samvat 2075, markets opened in the negative zone on Friday amidst negative global cues and lackluster buying in healthcare, infra, oil and gas sector.
-
Cabinet approves 100% strategic disinvestment of government equity in DCIL
Presently the government holds 73.44 holds shares in DCIL. -
Google overhauls policy on sex harassment
Workers at Google had called for an end to arbitration, among other reforms, as part of the walkout last week. The protest came after it was revealed that Google had given a senior executive a $90 million exit package even after it found he had been credibly accused of sexual harassment. -
After stir, Google overhauls policy on sex harassment
Workers at Google had called for an end to arbitration, among other reforms, as part of the walkout last week. The protest came after it was revealed that Google had given a senior executive a $90 million exit package even after it found he had been credibly accused of sexual harassment. -
Government approves mechanism for sale of enemy shares worth Rs 3,000 crore
A total number of 6,50,75,877 shares in 996 companies of 20,323 shareholders are under the custody of Custodian of Enemy Property of India (CEPI). -
Sensex down nearly 150 points; Nifty below 10,600
Bharti Airtel, Wipro, Infosys, ITC and ONGC were among the top losers on the BSE index, down as much as 2.68 per cent. On NSE, sub-indices Nifty IT and Metal lost as much as 0.43 per cent.
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