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-
Sebi clears nine current and former NSE executives
A host of serving NSE officials was also named in the case and have been exonerated. They are Mayur Sindhwad, chief operating officer (Trading), Sankarson Banerjee, CTO-Projects, G Shenoy, CTO-Operations and Suprabhat Lala, VP-Regulations. -
Tatas, 2 investors to buy 49% in GMR Airports
A consortium of Tata Group and two financial investors will now buy 49% in GMR Airports, operator of the Delhi airport which is the largest in the country, instead of 44.4% as proposed earlier. -
Comfort to banks, biz: CVC panel to vet fraud cases
The Central Vigilance Commission has set up an advisory board to serve as a first level of examination in cases of banking and financial frauds above Rs 50 crore in state-run banks and financial institutions. The move comes after experts and industry leaders flagged the concerns during their recent meetings with Prime Minister Narendra Modi. -
MEIS scrapped: Garment exports may shrink 10% in Q4FY20
Textiles and garment imports, as percentage of such exports, surged from just about 13% in FY14 to a record 25% in the first eight months of this fiscal. -
Non-food credit growth recovers slightly to 7.51%
In a recent note, Icra said the y-o-y growth in bank credit is expected to decelerate sharply to 6.5-7% during FY20 from 13.3% during FY19. -
CBI files FIR against Adani firm in coal-supply case
The CBI has filed an FIR against Adani Enterprises Ltd and a former chairman and an ex-managing director of the National Cooperative Consumer Federation (NCCF) alleging irregularities in the selection of a company for supply of coal to power stations in Andhra Pradesh. -
Goyal: 'Amazon investing to cover losses, ... '
Commerce and industry minister Piyush Goyal on Thursday played down the $1 billion investment promised by Amazon boss Jeff Bezos, saying the money was meant to cover the losses that the e-commerce player had notched up in the country and it was not “doing a favour”. He added that e-commerce companies needed to adhere to the rules “in letter and spirit”. -
China says taking ‘series of measures’ to address India’s concern over mounting trade deficit
The trade volume between India and China declined by about USD three billion last year while India's trade deficit continues to be high amounting to USD 56.8 billion as both countries experienced economic slowdown, according to the data released by the Chinese customs on Tuesday. -
More oil from the US? India’s energy security to be top priority when Trump-Modi meet
Though no specific dates have been announced for Trump's visit, officials from various sectors of both countries have met frequently in the recent months. -
Impact of new lease accounting standard goes beyond financial reporting
While the new standard does not change the overall cash flows, it does change the financial and operational ratios, and volatility in earnings. -
India, US in advance-stage talks to resolve trade issues, says Piyush Goyal
"With the US, we are in an advance stage of dialogue to sort out some of the pressing issues," he said here. -
3-Point Analysis | US, China sign Phase 1 of trade deal
Sakshi Batra does a 3-Point Analysis on the key takeaways from Phase 1 of the agreement and what#39;s next for the two countries. -
India not contemplating any import curbs for Malaysia, Turkey: Piyush Goyal
"I don't think we have put any curbs on imports from Malaysia, and neither we are contemplating nor we have put any curbs on Turkey," he said here at the Raisina Dialogue. -
Over 30,000 displaced Bru tribals to permanently settle in Tripura; pact signed
The agreement was signed by representatives of Bru and the central and Mizoram and governments in presence of Union Home Minister Amit Shah here at North Block. -
Farm sector growth may reach 3.1% in this fiscal: NITI Aayog member Ramesh Chand
More competition and private investment is the need of the hour, he said, adding that the role of private sector in Indian agriculture sector has to come in a big way. -
Setback for telcos as SC dismisses Bharti Airtel, Vodafone Idea's pleas to review AGR judgement
The Supreme Court (SC) on Thursday (January 16) rejected the petition of the telecom companies to review its judgement passed on October 24, 2019 ordering the telecom companies to pay dues amounting to around Rs 92,000 crore over the companies’ Adjusted Gross Revenues (AGR). -
India, US in talks to resolve trade issues: Goyal
Commerce and industry minister Piyush Goyal on Thursday said India and the US are in an "advance stage" of dialogue to resolve some of the pressing trade issues. He said that both the countries can expand their trade relations which in future may result in a preferential or a free trade agreement. -
INDIASOFT-2020: LatAm and African buyers to converge in India
Also, there will be around 80 IT buyers from the potential markets of Africa including Nigeria, Ghana, Kenya, Tanzania, Ethiopia, Rwanda, Mozambique, South Africa,to name a few. -
'Pay Rs 1.47L cr': No SC relief for telcos on dues
The Supreme Court on Thursday dismissed review petitions of top telecom firms including Bharti Airtel and Vodafone Idea seeking review of its order asking them to pay Rs 1.47 lakh cr in past statutory dues by Jan 23. Bharti Airtel, in its plea, had sought review of the directions on aspects of levy of interest, penalty and interest on penalty relating to AGR. -
'Pay Rs 1.47 lakh crore in a week': No SC relief for telcos on govt dues
The Supreme Court on Thursday dismissed review petitions of top telecom firms including Bharti Airtel and Vodafone Idea seeking review of its order asking them to pay Rs 1.47 lakh cr in past statutory dues by Jan 23. Bharti Airtel, in its plea, had sought review of the directions on aspects of levy of interest, penalty and interest on penalty relating to AGR. -
Amazon's $1bn investment in India no big favour: Goyal
Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US online retail giant during a visit by its CEO Jeff Bezos. -
'Amazon's $1bn investment in India no big favour'
Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US online retail giant during a visit by its CEO Jeff Bezos. -
Amazon's $1 billion investment in India no big favour: Piyush Goyal
Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US online retail giant during a visit by its CEO Jeff Bezos. -
Enforcement Directorate summons AirAsia CEO Tony Fernandes for questioning on January 20
There are allegations that the senior officials of AirAsia entered into a criminal conspiracy with the UPA government to tweak rules for getting overseas flying rights. -
Sensex closes 59.83 points higher; Nifty ends above 12,350; Eicher Motors, Nestle India shine
Equity benchmark indices on Thursday (January 16) ended on a positive note with the Sensex closing 59.83 points high or 0.14% at 41,932.56, and the Nifty too was up 10.70 points or 0.09% at 12,354. Major gainers on the Nifty were Eicher Motors, Nestle India, Zee Entertainment, Kotak Mahindra Bank and Bharti Airtel, while GAIL, Bharti Infratel, NTPC, JSW Steel and Hindalco Industries were major losers. -
Manufacturing growth is one-stop solution for many economic problems; this is what it can solve
Provided the right policies are implemented over the coming years, it is expected that India can gain a larger share in the global trade. -
Govt committed to making farmers in Maharashtra self-reliant: Uddhav Thackeray
It was Thackeray#39;s first visit to Baramati after assuming charge as the chief minister of the state. He reached the venue of the event in a battery-operated vehicle with Sharad Pawar sitting next to him. -
Petrol, diesel prices cut by around 15 paise on Jan 16
In Delhi petrol costs Rs 75.55 a litre while diesel is being sold at Rs 68.92 a litre. -
Malaysia talks to India over palm curbs as wider trade dispute looms
India#39;s Hindu nationalist government has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against recent policies which critics say discriminate against Muslims. Malaysia is a Muslim-majority nation. -
India#39;s palm oils import dips over 8% in December 2019: SEA
The country#39;s total vegetable oil imports declined to 11.28 lakh tonne in December 2019, compared to 12.11 lakh tonne in the year-ago period. -
Now, you can enable/disable your bank credit/debit cards - know more
RBI has mandated that issuers provide alerts/information/status, etc., through SMS / e-mail, as and when there is any change in the status of the card. -
Man earning Rs 7,000 gets tax notice for transactions worth Rs 134cr
Ravi Gupta, from Madhya Pradesh’s Bhind district, said he does not know how the account was opened, and suspects it to be a case of money laundering -
Private firms still away from infra investments; only 5 industries absorb two-third capital
The private sector needs to show more interest in infrastructure. -
Shiv Sena slams Centre over rising prices; warns people will turn against you if not curbed
An editorial in Shiv Sena mouthpiece #39;Saamana#39; said while the BJP-led central government was busy bringing legislation like the Citizenship Amendment Act, it was silent on issues plaguing people like rising prices of vegetables, other food items and lack of jobs. -
Western Asset Management cuts Indian bond holdings over CAA, Kashmir: Report
Western Asset Management,an affiliate of Legg Mason, is currently #39;overweight#39; on Indian bonds -
These two job generating industries lead India’s exports from front; shine amid trade slump
Pharma and textiles are these two industries that are not only fulfilling the country’s domestic demand but have huge trade surplus due to high exports. -
US-China Phase-1 trade deal: Pact with Washington ‘addressed’ mutual concerns, ‘good’ for both sides, says Beijing
On Wednesday, China and the US signed the deal in Washington, raising hopes of improvement of trade ties between the two countries hit by the tit-for-tat tariff hikes of nearly half-a-trillion dollars worth of products. -
PMC case: SC stays Wadhawans' shifting from jail
he Supreme Court on Thursday stayed the Bombay high court order directing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, arrested for their alleged involvement in the PMC Bank scam, from Mumbai's Arthur Road Jail to their residence. -
India plans new law to protect foreign investment: Report
India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. -
'India plans new law to protect foreign investment'
India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, officials said. In a 40-page draft, the finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors & government, sources said. -
Brazilian President Jair Bolsonaro eyes Indian food, commodities market to boost exports
Before the trip to India, the Brazilian economic team, including Troyjo and Economy Minister Paulo Guedes, will attend the World Economic Forum in Davos. Their message to the potential investors at the Swiss resort will be that Brazil has managed to reform its pension system, in contrast to those countries that are still increasing their spending on old-age benefits. -
Budget 2020: Markets eye improved transparency, says DBS report
“Any reduction in the fiscal deficit could result in a negative credit impulse in the near-term, but will need to be balanced with a credible consolidation plan further-out,� according to the the bank#39;s research report “India Budget Preview: Loosening the purse� released on Thursday -
AdWise: 'How to ask a sr employee to be punctual'
Are you dealing with a tough boss? Are your colleagues being mean to you? Is your workplace culture hindering your growth? Talk to us. Our panel of experts will assist you in resolving your workplace related matters. ‘AdWise’ will appear every Thursday to help you with your workplace matters. Write to us at [email protected] -
We are slowly taking off: Wipro CEO Neemuchwala
Wipro’s share price fell 3.5% at close on Wednesday, unhappy with the company’s forecast for the ongoing quarter. -
Course correction done, we are slowly taking off: Wipro CEO Neemuchwala
Wipro’s share price fell 3.5% at close on Wednesday, unhappy with the company’s forecast for the ongoing quarter. -
SpiceJet freighter returns to Mumbai after warning over main cargo door
A SpiceJet Boeing 737 freighter aircraft operating from Mumbai to Chennai on Thursday morning had to return to Mumbai after getting a message that its main cargo door was possibly not closed properly. The plane returned to land safely in Mumbai and is undergoing maintenance checks. -
SpiceJet freighter returns after main door warning
A SpiceJet Boeing 737 freighter aircraft operating from Mumbai to Chennai on Thursday morning had to return to Mumbai after getting a message that its main cargo door was possibly not closed properly. The plane returned to land safely in Mumbai and is undergoing maintenance checks. -
Banks to remain shut on Budget day as unions call for 2-day strike from January 31
In January, this would be the second bank strike after the first one was observed along with Bharat Bandh on January 8. -
Sensex hits 42,000-mark for first time ever; Nifty above 12,380
Equity indices on Thursday scaled fresh peaks with the benchmark BSE sensex crossing the 42,000-mark for the first time ever. Sensex jumped over 150 points to hit an all-time high of 42,059; while the broader NSE Nifty touched new lifetime peak of 12,388. -
Sensex hits 42,000-mark for first time ever
Equity indices on Thursday scaled fresh peaks with the benchmark BSE sensex crossing the 42,000-mark for the first time ever. Sensex jumped over 150 points to hit an all-time high of 42,059; while the broader NSE Nifty touched new lifetime peak of 12,388.
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