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Which markets did best from Berlin Wall's collapse? Wall Street and the BRICs, of course
A reunited Germany cemented itself as Europe`s largest economy, but an analysis of market performance suggests that the biggest winners are Wall St, flagbearer of Western capitalism, and the emerging `BRIC` economies - Brazil, India, China and Russia. -
Govt to import 1 lakh tonnes onion to check price rise, says Ram Vilas Paswan
While state-owned trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen items in the domestic market. -
Fake note tops list of counterfeit cases in India; these are other most spread duplicate items in market
While a quarter of cases related to fake note are from West Bengal and Uttar Pradesh, around 65 per cent cases related to fake liquor are from Uttar Pradesh and Jharkhand. -
Moody’s rating blow on demonetisation anniversary ironic; govt must do this to restore trust
It is seen, especially in the large informal sector, that once the momentum is lost, it takes a long time to come back -
Piyush Goyal to meet USTR to discuss trade issues on Wednesday
On November 12, the minister is scheduled to have a meeting with representatives of the medical devices manufacturing companies to discuss the trade issues. -
Cyclone 'Bulbul': Ops at Kolkata airport suspended
Operations at the Kolkata airport, the busiest in eastern India, will be suspended for 12 hours starting from 6 pm on Saturday due to severe cyclone 'Bulbul', home ministry officials said. -
MSI cuts production for 9th straight month in Oct
Maruti Suzuki India (MSI) on Saturday reported a 20.70 per cent decline in its production numbers during the month of October. This is Maruti's ninth straight fall in the production figures. It produced a total of 1,19,337 units in Oct as against 1,50,497 units in the same period last year. Passenger vehicles sales in Oct stood at 1,17,383 units, down 20.85%. -
Maruti Suzuki India cuts production for ninth straight month in October
Maruti Suzuki India (MSI) on Saturday reported a 20.70 per cent decline in its production numbers during the month of October. This is Maruti's ninth straight fall in the production figures. It produced a total of 1,19,337 units in Oct as against 1,50,497 units in the same period last year. Passenger vehicles sales in Oct stood at 1,17,383 units, down 20.85%. -
India Inc hails Supreme Court's Ayodhya verdict
India Inc on Saturday hailed the Supreme Court for deciding on a centuries-old dispute over ownership of a plot of land in Ayodhya, paving the way for construction of a temple at a site which Hindu groups believe is the revered birthplace of Lord Ram. -
As unemployment in India raises alarm, these reasons keep job seekers away from jobs
The evolving complexities in various job roles, driven by digital transformation and adoption, have generated demand for highly skilled candidates. -
Amazon long-time exec Steve Kessel to step down
E-commerce giant Amazon.com Inc's long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday. -
Chinese inflation hits highest rate since 2012
The inflation rate that year stood at 18.25 percent. -
Women outpace men in making money; key reasons behind erosion of billionaires’ wealth in 2018
In the five years to 2018, women billionaires have generated wealth at a faster rate than their male counterparts. -
Explain ties with NSO: WhatsApp users to govt
A group of Indians including journalists and lawyers whose phones were hacked via Facebook’s WhatsApp messaging platform asked the government on Friday to make public its ties with the Israeli firm accused of deploying the spyware. -
3 years of Demonetisation: Cash in circulation hits record high; how far is cashless economy
Cash in the system has been steadily rising even though the government and the RBI pushed for a “less cash society”. -
Automation Anywhere takes digs at UiPath layoffs
The world’s leading robotic process automation companies UiPath and Automation Anywhere are at it again. The latter’s co-founder Mihir Shukla and HR head Nancy Householder are taking public digs at UiPath’s recent layoffs and how it went about it. -
Govt rebuts Moody’s action, sees ‘strong political will’ for reforms
The official added that Moody’s assessment was out of sync with reality and that it should have evaluated India’s recent growth slowdown in the broader context of a global deceleration. -
Moody’s cuts India outlook from stable to negative — Here’s what will change
Says risks to growth increasing, cites ‘lower govt effectiveness’; Nomura slashes 2019 & 2020 GDP estimates -
India Inc for review of CMD’s post split
India Inc has petitioned the government and the Securities and Exchange Board of India (Sebi) to review the market regulator’s new rule mandating a split in the post of chairman and managing director of a company, while also barring relatives to hold the key jobs. -
Suzuki set to go slow on third plant in Gujarat
The slowdown in the car market and pressure on Maruti’s sales is prompting its Japanese parent Suzuki to go slow in its India expansion. After setting up its independent manufacturing factory in Gujarat, Suzuki is understood to have slowed the construction of a third plant, which was to begin production in the fourth quarter of this fiscal, with an investment of nearly Rs 3,800 crore. -
Chinese banks sue Anil Ambani over default
Three Chinese banks are suing Reliance Group chairman Anil Ambani in a London court for failing to pay back $680 million in defaulted loans. The Mumbai branch of ICBC, China Development Bank and the Export-Import Bank of China agreed to loan $925 million to Anil Ambani’s firm RCom in 2012 on the condition that he provide a personal guarantee, ICBC’s lawyer Bankim Thanki told the court. -
Govt may stop co-ops from putting ‘bank’ in name
The government may stop urban co-operative banks (UCBs), registered under the Multi-state Co-operative Societies Act, from calling themselves banks as part of a revamp exercise for these entities that have failed to convert themselves into small finance banks and come under the Reserve Bank of India’s regulatory regime. -
Coal power plants’ PLF slips to below 50% on falling electricity demand
Conventional power generating companies are undergoing additional pressure with pan-India electricity demand falling for the third straight month in October, as first reported by FE.
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