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-
MSME sector: RBI takes measures to increase credit flows; most PCA banks met mandatory priority lending targets
Out of the 12 banks, including the one from the private sector under PCA, 10 have achieved the target as on March 31, 2018. -
Textile & apparel exports soar 38% in October: CITI
It is interesting to note that during the month, the apparel exports have grown at a whopping 54%, said Confederation of Indian Textile Industry (CITI) on Friday. -
People's representative must get more decision-making power: Centre to RBI
RBI board is scheduled to meet on Monday where the government is expected to push for easing of norms. -
Arun Jaitley calls for quality debates on economic policies
Slogans and populism cannot guide economic policymaking, finance minister Arun Jaitley said Friday, underlining the need for policy debates based on hard facts and data crunching. -
Forex reserves drop by $121.2 million to $393.01 billion
The country's foreign exchange reserves declined by USD 121.2 million to USD 393.01 billion for the week ended November 9, largely on a dip in currency assets. -
After awful October, consumer confidence in Indian economy takes a huge leap; here’s why
A monthly study conducted by Thomson Reuters-Ipsos showed that consumer confidence was up 3.1 points in November as some of the macro indicators that were "wreaking havoc" settled temporarily. -
Forex reserves drop by $121.2 mn to $393.01 bn
The overall reserves had increased by $1.054 billion to $393.132 billion in the previous reporting week, after weeks of decline. -
Rupee ends at fresh 2-month high of 71.93 despite oil rebound
The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the $70 per barrel mark and forex inflows have boosted the rupee sentiment as the domestic currency posted gains of 57 paise or 0.79 per cent this week to touch two-month high levels. -
Petrol, diesel prices can be cut by Rs 5-6 per litre without hurting revenues; here’s how
Former planning commission member Kirit Parikh suggests measures that can reduce petrol and diesel prices by Rs 5-6 without hurting the government revenues. -
Yes Bank continues to drop; down 7% after O P Bhatt resigns from search panel
Shares of Yes Bank Friday slumped over 7 percent a day after former SBI chairman O P Bhatt resigned from the panel set up to find a successor to its MD and CEO Rana Kapoor. -
No proposal made to Jet Airways for possible takeover, talks at preliminary level: Tata Sons
The financial crunch in Jet has resulted in delayed payments to its vendors and salaries to a section of its over 16,000 employees. -
New RBI window may not increase credit to NBFCs: Report
On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs). -
Australia takes India to WTO over sugar subsidies
It means the issue will initially be discussed at the WTO's Committee on Agriculture meeting scheduled for later this month. -
Markets end higher, Sensex gains nearly 200 points
On the 30-share BSE index, Bharti Airtel, Reliance Industries, Hero MotorCorp, SBI and HDFC were among the major gainers with their stocks surging as much as 9.41 per cent. On NSE, except for Nifty Metal and Private Bank, all other sub-indices finished in green, rising as much as 2.03 per cent. -
Sensex jumps nearly 200 points, Nifty closes at 10,682
The benchmark index touched a high of 35,545.85 and a low of 35,324.37. -
Trial run for India's first engineless semi-high speed Train 18 to be conducted tomorrow
Train 18 is capable of touching 200 kmph. -
Mercedes-Benz CLS 300 d launched in India at starting price of Rs 84.70 lakh
The CLS 300 d can accelerate from 0 to 100 km/h in just 6.4 seconds. -
Q&A: Anand Mahindra says Jawa Motorcycles are love at first sight
Jawa motorcycles will be manufactured in India. -
Here’s what Arun Jaitley wants to do to lift people out of poverty
While talking about the key objective of Pradhan Mantri Jan Dhan Yojana (PMJDY), Arun Jaitley said that the initiative was to secure the unsecured, bank the unbanked and service the unserviced areas. -
Two agencies to be appointed for template on FTA negotiations in future: Suresh Prabhu
"We are appointing two independent agencies, who will talk to all the stakeholders...it is a first major change. This will be a new template which will emerge for all future negotiations and we are working on it," he said here at a function. -
PMO nudging Tata group to bail out Jet Airways: Sources
Sources said that the PMO is trying to ensure that the uncertainty in the aviation market is reduced to a certain extent by asking the Tata group to explore buying the struggling airline. -
Jet hits 5-month high as Tata Sons deal talks inch closer
The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting on Friday and the members may approve starting due diligence on the deal, a source familiar with the matter told Reuters. -
Jet Airways shares hit 5-month high as Tata Sons deal talks inch closer
The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting on Friday and the members may approve starting due diligence on the deal, a source familiar with the matter told Reuters. -
Govt to soon unveil new industrial policy: DIPP Secretary
Highlighting the significance of design and innovation in India#39;s economic progress, Secretary of the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek also extended his "full support" to the setting up of a National Design Centre as early as possible. -
Demonetisation biggest scam in independent India: Rahul Gandhi
Addressing a campaign rally for the November 28 Madhya Pradesh Assembly polls, Gandhi said Modi does not talk about being a "chowkidar (watchman) of the country and of tackling corruption. -
NDA ahead of UPA in road construction, builds 33,361 km in four-and-half-years: Report
The construction pace under Nitin Gadkari’s watch has picked up to 27km/day in FY18. In the last year of UPA-2 during FY14, it was 11.7km/day -
RBI’s Central Board explained: What it is, how members are appointed
Reserve Bank of India Governor Urjit Patel has convened a meeting of the board of directors of the Central Bank on November 19 to discuss issues related to liquidity for NBFCs, credit for MSMEs and new economic capital framework. -
RSS ideologue S Gurumurthy slams RBI, hails demonetisation; here is all he said in 9 quick points
Studies have suggested between 12% to 19% as the adequate level of reserves. However, the Reserve Bank of India is sitting on some 27-28% and no central bank in the world maintains such high levels of surplus. -
Beginning to see first signs of inflation through tighter labour market: Alan Greenspan
Greenspan pointed out that the recent hike in average wages was not supported by productivity. -
Flipkart hires Smriti Singh as its chief human resources officer
Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India . She is expected to join Flipkart as its CHRO in December. Singh's appointment comes after former COO Nitin Seth had to quit abruptly in May last year. -
Flipkart hires Smriti Singh as its chief HR officer
Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India. She is expected to join Flipkart as its CHRO in December. -
Innovation in agriculture sector key to cutting wastage, boosting production: Suresh Prabhu
"We are promoting innovation in agri sector," he said adding that changing climate would pose serious challenges to the sector and startups can look at these areas and come up with innovative solutions. -
Tata Sons wants to fly out of joint venture with AirAsia
Initial discussions to this end have begun, even as the conglomerate inches closer to a separate deal to acquire ownership stake in India’s second-biggest airline Jet Airways from its founder Naresh Goyal. -
RERA bringing positive transformative changes in Real estate industry: Hardeep Puri
The Minister also hoped that RERA will be implemented in all the states of north eastern region very soon. -
Indian economy would have collapsed, Modi’s demonetisation saved it, explains RSS ideologue S Gurumurthy
RBI independent director S Gurumurthy on Thursday once again said that India’s economy would have collapsed but for demonetisation. -
Exports grow by 17.86% in October due to base effect; trade deficit widens
The exports on monthly basis were down compared to USD 27.95 billion in September. -
ED probing if Amazon, Flipkart violated provisions of foreign exchange law, HC told
The matter is scheduled to come up for hearing before a bench of Chief Justice Rajendra Menon and Justice V K Rao on November 19. -
IGI runway work cuts 100 flights, fares up 100% on few routes
Spot airfares in and out of Delhi have shot up for the next 10 days as the closure of one runway for regular maintenance at infra-starved IGI Airport has led to cancellation of about 100 flights daily. -
Tata Sons board may discuss plans to snap up Jet Airways today
Media reports suggest that the parent company of Vistara, Tata-Singapore Airlines, is looking at all-stock merger with Jet Airways as part of the Tata group's plans to board Goyal's full service carrier. -
Markets open in green, healthcare, FMCG, power stocks shine
Markets extended rally on Friday amidst strengthening in the rupee and healthy buying in healthcare, FMCG and power stocks. -
Why blockchain could be as revolutionary as smartphones
Welcome to the world of blockchain, the latest technological revolution to those in the-know — and what seems like the latest get-rich-quick gibberish to the layperson. -
Markets open higher, Sensex gains 150 points; Nifty above 10,650
Sun Pharma, Reliance Industries, HDFC Bank, Wipro and Axis Bank were among the top performers on BSE, rising as much as 1,85 per cent. On the NSE platform, sub-indices Nifty Pharma and Financial Service traced major gains, up as much as 1.34 per cent. -
Rajasthan exports reach Rs 46,500 cr in 2017-18
Additional Chief Secretary (Industries), Rajeeva Swarup said that Rajasthan has experienced an exponential growth in local manufacturing and there has been a rapid improvement in the regulatory environment of business operations. -
Marathwada soon to have defence manufacturing zone: Minister
"A defence manufacturing zone will soon come up in Marathwada and about 10 reputed industrialists have approached the state requesting to give the projects a fillip," Desai said, speaking at the inauguration of the state#39;s largest food processing park at Paithan near here. -
Dilution of RBI norms for power companies will set dangerous precedent, say experts; SC verdict likely today
The Supreme Court is likely to deliver a verdict today on the clutch of petitions, including from power producers’ association, seeking relaxation of the Reserve Bank of India (RBI) norms that mandate insolvency proceedings in case of debt servicing default beyond 180 days. The top court had given interim relief to power companies by asking […] -
Australia refers India to WTO over sugar cane subsidies
Trade Minister Simon Birmingham says Australia made the WTO referral after previously raising concerns with India over what Canberra says are more than $725 million ($1 billion AUD) in subsidies paid to Indian farmers. -
Fuel prices continue to dip; petrol at Rs 77.10/ litre in Delhi, Rs 82.62 in Mumbai
The fuel prices have been witnessing a consistent dip since the last few weeks. -
Myntra may see cut in workforce after CEO exit
Two Myntra executives separately told TOI about talks of a potential cut in workforce doing the rounds within the company for a couple of months. Sources added this number could be 100, going up to as high as 400-500.
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