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-
Nasscom says no more annual growth forecast; will only give guidance
Nasscom has been having a practice of coming out with an estimate on industry’s revenue growth every February for the upcoming fiscal year. -
Hydrocarbon exploration: DGH to be single window for nod to contractors
These proposals were cleared by the Union Cabinet on Tuesday while approving changes in the Hydrocarbon Exploration and Licensing Policy (HELP) and will be notified soon. -
7.16 lakh jobs created in December, 72.32 lakh in last 16 months: Payroll data
Around 72.32 lakh new subscribers were added to social security schemes of the Employees#39; Provident Fund Organisation (EPFO) from September 2017 to December 2018, the data showed. This indicates that these many jobs were created in the last 16 months. -
People in urban areas do not know worth of Rs 6,000, says Agriculture Minister amid criticism over PM-KISAN
The minister#39;s remarks come against the backdrop of criticism from certain quarters over the Budget announcement that Rs 6,000 each would be given to 12 crore farmers every year under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). -
Nitin Gadkari to inaugurate, lay foundation stone for Rs 8,530 cr projects in western UP
Union Minister Nitin Gadkari will on Thursday inaugurate and lay foundation stone for Rs 8,530 crore highway and sewage treatment projects in western Uttar Pradesh, the government said on Wednesday. Gadkari will be accompanied by Uttar Pradesh Chief Minister Yogi Adityanath. -
Saudi Arabia sees $100 bn investment opportunity in India: Crown Prince Mohammed bin Salman
Addressing the media along with Prime Minister Narendra Modi, the crown prince said Saudi Arabia has already invested USD 44 billion in India since the visit of Modi in 2016 to the Gulf nation. -
FinMin expects NPA recovery of Rs 1.80 lakh crore in FY19
The recovery is expected to touch Rs 1.80 lakh crore by March 2019 with some of the resolutions at the final stage, Financial Services Secretary Rajiv Kumar said. -
India No.1 investment destination for Saudi Arabia: Oil Minister
Speaking at Saudi India Forum, Saudi Oil Minister Khalid Al-Falih said the oil-rich Kingdom was excited about reforms and the opening up of the market in the country and is keen to partner in the growth. -
Nitin Gadkari to inaugurate, lay foundation for Rs 5,555 cr road projects in Uttarakhand
"Union Minister for Road TransportHighways, Shipping and Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari will inaugurate and lay the foundation stones for NH and Namami Gange works amounting to Rs 5,894 crore at Haridwar in Uttarakhand tomorrow," Ministry of Road Transport and Highways said in a statement. -
India to remain fastest growing major economy in next decade: Report
The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies. -
India to remain fastest growing major eco: Report
The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, India is likely to achieve an average growth of 6.5 per cent in 2019-28, the highest among the emerging economies. -
Airbus says A320neo India deliveries back on track
“Pratt has informed Airbus that engine issues have come down by a factor of four in the last 12 months,” said Airbus’ India head Anand Stanley, on the sidelines of the Aero India airshow in Bengaluru. -
Sensex 404 points to end 9-day losing streak; Nifty above 10,700
Sensex 404 points to end 9-day losing streak; Nifty above 10,700 -
Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs
The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds. -
Why RBI's rate cut hasn't brought down your EMIs
Banks peg their loan rates to a benchmark (known as MCLR), which in turn is based on the cost of deposits. So, to cut the MCLR, they need to bring down deposit rates. But banks are struggling to raise deposits (against credit growth of 9.3%, bank deposits have been growing at only 6.1%) and are forced to offer high interest rates. SBI says it can’t cut rates as 'other banks are offering higher rates'. -
China will not change prudent monetary policy: Premier Li Keqiang
Market speculation is growing over whether authorities will take more aggressive policy steps after recent weak data. -
Govt announces Rs 48k cr recap plan for 12 PSBs
Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI. -
Govt announces Rs 48,239 crore recapitalisation plan for 12 PSU banks
Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI. -
Honda CBR650R bookings open, priced at Rs 8 lakh
The CBR650R comes equipped with a powerful 649cc liquid cooled four-cylinder, DOHC 16-valve engine. -
Sensex soars over 400 points, Nifty reclaims 10,700
Both Sensex and Nifty posted over 1 percentage gains. -
Saudi Crown Prince sees ‘useful returns’ from expected $100 billion investment in India
The crown prince Mohammed bin Salman also said he wanted to expand commercial relations with India. -
Sensex climbs 404 points, ends 9-day losing streak
On the BSE index, Tata Steel, Vendata, ONGC, NTPC, Yes Bank, Infosys, SBI and Sun Pharma were among the major gainers with their stocks rising as much as 4.78%. Of the 30 Sensex constituents, 25 closed with gains while just 5 closed with losses. On NSE, all the sub-indices closed in green with Nifty Metal, IT and PSU Bank rising as much as 2.80%. -
Homebuyers’ wait for GST relief continues! Council defers decision on tax on under construction houses
The GST Council on Wednesday deferred the decision to consider a reduction in tax on under-construction houses to Sunday. -
NBFC sector revives: Liquidity concerns ease as fundraising improves
With the banking sector reeling under persisting NPAs and rising Marginal Cost of Lending Rate (MCLR), lending by the NBFC sector has increased remarkably in the last few years, CARE Ratings said in the research report. -
GST Council defers decision on real estate tax
Briefing reporters after a meeting of the GST Council on Wednesday, finance minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir. -
GST Council defers decision on tax on real estate; extends deadline for sales returns till Feb 22
The due date for filing summary sales return - GSTR-3B - is February 20. -
Supreme Court asks Anil Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term
Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company. -
Know the list of services where Aadhaar card is mandatory and not mandatory
Aadhaar will be mandatory for host of government schemes while there will be no need for compulsory linking of the biometric identification card with several other services. -
Govt may launch exchange traded fund of PSU bank stocks next fiscal
The bank exchange traded fund (ETF) would be in addition to the two ETFs -- CPSE ETF and Bharat-22 ETF -- launched by the government which have seen huge investor demand. -
Growths set to slow down to 6-6.5% in H1 of 19: Nomura
The Reserve Bank under the new governor had last week projected a GDP growth of 7.4 percent for 2019-20--7.2-7.4 percent in first half, and 7.5 percent in the second half. -
Disclosure of Nil Divergence as per regulatory norms: Yes Bank
The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018. -
E-comm FDI policy changes haven't shaken our confidence in India: Walmart
The government tightened norms for e-commerce firms having foreign investment from February 1. -
Crucial GST Council meet begins; rationalisation of rates on real estate, lottery key agenda
The GoM favoured hiking GST rate on the state-organised lottery to either 18 percent or 28 percent. -
IL&FS probe: ED files case, raids multiple locations
Debt crisis in infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September last year. IL&FS is sitting on a debt pile of about Rs 91,000 crore. -
Maharashtra to focus on services sector to be a $1 trillion economy, says CM Fadnavis
The value created by industry is seven times more than agriculture and services, nine times more. "So, we are shifting the focus from agriculture and services and digital transformation will play a critical role," Fadnavis said. -
China to expand agriculture reforms to bolster rural economy
Beijing#39;s statement, released late on February 19, comes after the world#39;s second-largest economy saw its weakest growth in 28 years in 2018 and remains entangled in a trade war with Washington. -
3 simple steps to confirm whether your Aadhaar card is linked with PAN card
Just follow these simple steps. -
Monetary policy easing back in play across Asia
The Federal Reserve last month adopted a more cautious approach in a shift that signalled its tightening cycle might be at an end. -
Cabinet approves Phase-2 of Pradhan Mantri Awaas Yojana
The government has also decided to continue the Program Management Unit (PMU) and National Technical Support Agency (NTSA) till 2019-20. -
Cabinet approves ordinance to curb unregulated deposit schemes
The Bill creates three different types of offences in relation to Unregulated Deposit Schemes. -
Crucial GST Council meet today: Key things to expect
Rationalisation of rates of GST on real estate and lottery are on the agenda of the Council meet. -
SC asks Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term
Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company. -
Pay Ericsson or face jail, SC tells Anil Ambani
The top court stated that Ambani and other two directors have to pay Rs 453 crore to Ericsson India within 4 weeks and if they fail to pay the amount, three months' jail term will follow. The court also imposed a fine of Rs 1 crore each on them and if the amount is not deposited within a month, then 1-month jail will be awarded. -
Ericsson case: Clear dues or face jail, Supreme Court tells Anil Ambani
The top court stated that Ambani and other two directors have to pay Rs 453 crore to Ericsson India within 4 weeks and if they fail to pay the amount, three months' jail term will follow. The court also imposed a fine of Rs 1 crore each on them and if the amount is not deposited within a month, then 1-month jail will be awarded. -
19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report
The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too. -
Sensex soars over 250 points; metal stocks rally
Top gainers in the Sensex pack include ONGC, Vedanta, Yes Bank, Bajaj Finance, Axis Bank, Sun Pharma, L&T, Tata Steel, HDFC, Reliance and Bharti Airtel, rising up to 2.12 per cent. On the other hand, HCL Tech, Hero MotoCorp, Bajaj Auto and M&M were the losers, falling up to 0.76 per cent. -
Sensex jumps 235 points, Asian shares rally to 4-1/2-month peak
The BSE Sensex rose 235.08 points or 0.66 percent to 35,587.69 in early trade while the NSE Nifty jumped 71.75 points or 0.68 percent to 10,676.10. -
Lower GST on under-construction houses; council to look at proposals
The rates could vary from 1% to 5% with higher rates to be applied on more expensive houses along with absence of input tax credit (ITC) for the builders in case of all categories of houses. -
National electronics policy approved; know key features
Currently, the department of expenditure is being consulted on it after the completion of stakeholders’ consultation. -
‘Enable risk-taking founders to retain control’
Sachin Bansal’s investment in Ola signifies a coming of age for the Indian startup ecosystem. Battle-hardened by taking on cash-rich US rivals, Flipkart and Ola co-founders talk about their outlook for Indian startups & the lessons they've learned
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