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-
Shaktikanta Das brings back calm at Reserve Bank
In terms of Shaktikanta Das' ability to engage with various stakeholders, Das has been like no other governor. He has met with every group — bankers, NBFCs, cooperatives, associations and employees — and heard them out. He has responded to industry issues, particularly those relating to liquidity in NBFCs and stress in MSMEs and stayed put on regulatory issues. -
Shaktikanta Das brings back calm at central bank after periods of conflict
Whenever a bureaucrat takes charge as governor at the Reserve Bank of India, there is speculation among bankers on how long it takes for the appointee to get “baptised”. A term they use for the switch in mindset from the bureaucracy to that of the central bank. -
No plan for education loan waiver: Government
The government on Monday said that was no proposal for a waiver of educational loans, even as there is a growing clamour for one. With rising unemployment at a time when the country is witnessing unprecedented economic slowdown, the clamour for waiver of outstanding dues from borrowers of educational loans is rising. -
Mutual fund assets hit peak, dip in equity flows
There has been a sharp dip in net inflows into equity funds in November even as total mutual fund industry assets under management (AUM) hit an all-time high. -
Lavish 'desi' weddings run for insurance cover
The big fat Indian wedding has got itself a big fat insurance cover. As expenses of lavish weddings soar, financial risks increase in step. Which is why the idea of insuring weddings — scoffed at a few years ago — has caught on with insurers recording an uptick in the number of families signing up. -
High court issues notice to RBI in Chanda Kochhar case
The Bombay high court on Monday issued a notice to the RBI, making it a party in a petition filed by Chanda Kochhar, former MD and CEO of ICICI Bank, who has challenged her termination and its approval given by the central bank. -
Diabetes treatment to cost less on cheaper version
The potential of more affordable diabetic care comes in the wake of Swiss major Novartis-owned Vildagliptin losing patent on Monday — a development closely watched for months. Dozens of companies have readied plans to get a slice of the action in the growing Rs 14,000-crore diabetes therapy market, with the number of players expected to cross 50 soon. -
'Cognizant is back! Best days are ahead': CMD
Cognizant, founded in Chennai, elevated Ramkumar Ramamoorthy as CMD of India operations. With nearly 2.9 lakh employees globally — half of which are in India, the company’s ‘Fit for Growth’ strategy is set to see few thousand employees getting the pink slip. -
Over Rs 10 lakh cr loans sanctioned under Mudra Yojana
The government on Monday said more than Rs 10 lakh crore have been disbursed under the Pradhan Mantri Mudra Yojana till November 1, 2019. -
Central GST falls short of budget estimate by 40% in April-November
The Central GST collection fell short of the budged estimate by nearly 40 per cent during the April-November period of 2019-20, according to the data presented in Parliament on Monday. -
Govt taking steps to moderate food prices: Thakur
The recent spike in retail inflation is mainly due to high food prices and the government is taking steps to moderate the volatility in prices, minister of state for finance Anurag Singh Thakur said in Parliament on Monday. -
'Tariff hikes can double telcos profit in FY21'
The steep tariff hikes, effected earlier this month by the battered telcos which held prices at rock bottom levels for nearly five years, can help more than double their operating profit to Rs 60,570 crore in FY21 from Rs 29,450 crore in FY19, says a report. -
Sensex, Nifty show marginal gains
Sensex, Nifty show marginal gains -
Vistara, Lufthansa sign codeshare pact to cement interline agreement
Vistara, Lufthansa sign codeshare pact to cement interline agreement -
Vodafone Idea stock tumbles 5.6% to hit lower circuit
Vodafone Idea stock tumbles 5.6% to hit lower circuit -
Back to cash: Currency in circulation rises to Rs 21 lakh crore
Currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019, having dipped to a mere Rs 13 lakh crore at the end of fiscal 2016-17, Parliament was informed on Monday. -
Pakistan, Asian Development Bank sign loan agreement worth $1.3 billion
Pakistan on Monday signed an agreement with the Asian Development Bank for a loan worth USD 1.3 billion to support the cash-strapped country's public finances and shore up its slowing economy. -
'Currency in circulation rises to Rs 21 lakh cr'
Currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019, having dipped to a mere Rs 13 lakh crore at the end of fiscal 2016-17, Parliament was informed on Monday. -
Currency in circulation rises to Rs 21 lakh cr as on Mar#39;19: Anurag Thakur
The value of total notes in circulation as at end of March 2019 stood at Rs 21,109 billion, Minister of State for Finance Anurag Singh Thakur said in a written reply in the Lok Sabha. -
With gains in life expectancy, education, health care facilities, India moves up in human development index: UNDP report
In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said. India ranked 130 last year. -
Every Indian has only this much water left; water availability continues to fall decade after decade
Water availability per person in India is set to fall further to 1486 cubic meters in 2021. -
Equity indices largely flat, auto and metal stocks gain
Equity indices largely flat, auto and metal stocks gain -
Job creation to rise 7.12% in Oct-Mar: Report
India is expected to witness a marginal 7 per cent rise in job creation in the October-March period of this financial year, as subdued economic conditions have dampened employment outlook, a report said on Monday. -
Petrol price hits Rs 75 per litre-mark, diesel crosses Rs 66
Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year as oil firms raised rates to make up for rising cost of production. -
Petrol at Rs 75 per litre, diesel crosses Rs 66
Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year & diesel price crossed Rs 66 a litre mark in the national capital as oil firms raised rates to make up for rising cost of production. Petrol price was on Monday hiked by 5 paise per litre & diesel by 10 paise a litre. Rates have been on the rise since November 9, barring one day. -
Sensex closes up 42.28 points, Nifty ends at 11,937.50; Axis Bank, BPCL, HDFC shine
Major gainers on the Nifty were Axis Bank, BPCL, HDFC, Adani Ports and Maruti Suzuki, while TCS, HCL Technologies, Cipla, L&T and Zee Entertainment were losers. -
Thousands of employees get fired every year from PSUs, private companies; these reasons to blame
In the first ten months of the current calendar year, 3,378 employees have already been laid-off from their jobs. -
Recent cut in corporate tax rate was done to boost investments: CEA KV Subramanian
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment,"Subramanian said at the FICCI Young Leaders Summit here. -
5.91cr people enrolled under PMJJBY, 15.47cr under PMSBY
The minister said that for creating a universal social security system for all Indians, especially the poor and the under-privileged, Prime Minister Narendra Modi launched the two schemes in the insurance sector on pan-India basis on May 9, 2015 in Kolkata. -
Vistara signs codeshare agreement with Lufthansa
Vistara has entered into a codeshare pact with German airline Lufthansa, the sixth such agreement with an international airline as the domestic full service carrier seeks to expand its overseas network. -
GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab
Officials are also considering taxing certain items that were previously exempt, such as treatment in #39;expensive#39; private hospitals and high-value company home leases -
India took only five years to move from $2 to $3 trillion economy: Harsh Vardhan Shringla
In 2014, when Prime Minister Narendra Modi took office, India was the 11th largest economy in the world. Five years down the line, India is either the fifth or sixth-largest economy of the world, the Indian Ambassador to the US, Harsh Vardhan Shringla, said -
No, farmers are not minting money from great onion price hike; here’s where the money is going
Indian farmers are still not making money from the great onion price hike even while onion prices have soared to Rs 200 per kg at some places. -
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Subramanian said at the FICCI Young Leaders Summit here. -
No reason that employment has come down, says Santosh Gangwar
The Labour and Employment Minister also said the government is implementing various schemes for generating more employment. -
SBI lowers MCLR-based lending rate by 10 bps
Country's largest lender State Bank of India (SBI) on Monday announced the reduction in its marginal cost of fund based lending rate (MCLR) by 10 basis points (bps) across one-year tenor, effective from Tuesday (December 10). -
$120k banana peeled from art exhibition & eaten
A performance artist shook up the crowd at the Art Basel show in Miami Beach on Saturday when he grabbed a banana that had been duct-taped to a gallery wall and ate it. The banana was, in fact, a work of art by Italian artist Maurizio Cattelan titled "Comedian" and sold to a French collector for $120,000. -
US-China trade war: Beijing hopes it can reach trade agreement with Washington as soon as possible
China and the United States are negotiating a so-called "phase one" deal aimed at de-escalating the prolonged trade dispute, but it is unclear whether such an agreement can be reached in the near term. -
Explained: Can Nirmala Sitharaman’s cut in tax rates pull economy out of slowdown?
A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. -
Govt to scrap EPFO to switch to NPS, allow lower PF contribution: Report
The bill proposes establishing a social security fund using the corpus available from collections under corporate social responsibility. -
Govt to scrap EPFO-NPS switch, allow lower PF contribution: Report
The bill proposes establishing a social security fund using the corpus available from collections under corporate social responsibility. -
OPPO presents Sunburn Goa 2019, capture this musical spectacle on the Best Camera Smartphone of the Year
The curtains are all set to go up with the biggest musical spectacle of Asia, OPPO Sunburn Goa 2019 on Monday (December 9), marking the new year festivities with musical & dance extravaganza like never before. -
Sensex up 64.73 points, Nifty opens at 11936; Zee, Maruti Suzuki, Asian Paints gain
Among major gainer stocks are Zee Entertainment, Maruti Suzuki, Asian Paints, Hero MotoCorp and Tata Steel while Vodafone Idea, Bharti Infratel, Wipro, Axis Bank, IndusInd Bank, and ITC are major losers. -
Japan upgrades 3Q GDP as consumer, business strength absorbs hit from trade
The stronger growth marked the fourth consecutive quarter of expansion and also beat economists' median forecast for a 0.7% gain. -
Look out for PM Narendra Modi’s big economic surprise
Another sentiment lift can come from privatising businesses like Air India, an indebted globetrotting reminder of India’s inefficiencies. -
India in growth recession; real estate infra in #39;deep trouble#39;, says Raghuram Rajan
Raghuram Rajan also urged India to join free trade agreements judiciously in order to boost competition and improve domestic efficiency. -
Govt to push MSME-made goods through e-tailers
The government plans fee-based arrangements with marketplaces such as Amazon and Flipkart for pushing goods produced by micro, small and medium enterprises (MSMEs), while eyeing a tie-up with a financial sector entity to boost business-to-business (B2B) sales by small enterprises. -
Government to push MSME-made goods through e-tailers
The government plans fee-based arrangements with marketplaces such as Amazon and Flipkart for pushing goods produced by micro, small and medium enterprises (MSMEs), while eyeing a tie-up with a financial sector entity to boost business-to-business (B2B) sales by small enterprises. -
WTO faces deepest existential crisis ahead of its silver jubilee
The WTO’s sorry state of affairs may also prompt countries to opt for bilateral or plurilateral deals, which will further fragment the global trading zones and weigh on supply chains as well. -
GST Council may use cess route to boost revenue
Levy on demerit goods to rise, cess may be imposed on a few other items as well
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