Business
No Bias in MPC to Raise Interest Rates; Decision Should be Guided by Hard Data: Garg
When the policy that kept interest rates unchanged was announced, the media said it is a dovish policy, Economic Affairs Secretary Subhash Chandra Garg noted.
Banks Don't Want to be Weakest Link in Blockchain Revolution
A shared, encrypted "ledger" that cannot be manipulated, blockchains offer the promise of secure transactions that allow anyone to get an accurate accounting of money, property or other assets.
Wage Revision Talks Fail, Bank Unions Threaten Strike
In a statement issued in Chennai, D.T. Franco, General Secretary, All India Bank Officers' Confederation (AIBOC) said, "The initial offer of the Indian Banks Association was meager which was totally rejected by the constituents of the United Forum of Bank...
AirAsia India MD Amar Abrol Quits; to Move Back to Parent Group
The airline which began operations in June 2014, further said, Abrol had expressed his desire to return to Malaysia to be closer to his family.
Manufacturing Sector Growth Rises Marginally in April: PMI
The Nikkei India Manufacturing Purchasing Managers Index (PMI), rose from 51.0 in March to 51.6 in April, indicating faster improvement in the health of the country's manufacturing economy than in the prior month.
IT Stocks Outperform Sensex in April; TCS Jumps 24 percent
Given that the weak rupee augurs well for the IT pack, brokerages are upbeat on the IT sector. According to a Nomura report, the rupee has started to depreciate since the start of 2018 by near 4 percent so far this year.
Air India Stake Sale: Govt Extends Expression of Interest Deadline to May 31
In a corrigendum to the global invitation issued for EoIs for Air India stake sale on March 28, the Civil Aviation Ministry has also tweaked certain conditions.
Govt Extends May 14 Deadline to Receive Initial Bids for Air India
According to the notification issued on Tuesday, the government will announce the qualified bidders for the beleaguered airline on June 15.
No Excise Duty Cut on Petrol and Diesel as Rates Not High Enough Yet: Economic Affairs Secretary
State oil firms have not revised petrol and diesel price for almost a week now. This after petrol price hit a 55-month high of Rs 74.63 a litre and diesel rates climbed to a record high of Rs 65.93.
Green Energy Firms to Eye Stock Market Listings
Adani Green Energy and ReNew Power- the two companies will be the first new pure-play renewable energy firms to list in India, since wind energy firm Orient Green Power's listing eight years ago.
Lodha Developers Files IPO Papers with Sebi; Looks to Raise Rs 5,500 Crore
The Mumbai-based realty firm filed its draft red herring prospectus (DRHP) with markets regulator Sebi, sources said.
Versace, Unity Group to Build Delhi's 'Tallest' Tower With ‘Branded’ Luxury Apartments
In Delhi, there are very few housing projects being developed by private real estate players. India's largest realty firm DLF is developing a housing project at Moti Nagar in central Delhi.
India Will Network With Asia's Major Oil Buyers to Negotiate With Sellers: Pradhan
The Minister for Oil said he sees higher co-operation between the four big economies of Asia in the near future.
Sensex Falls Over 50 Points on Negative Global Cues, Weak Rupee
Besides, the release of the minutes of last Monetary Policy Committee (MPC) meeting on April 4-5, indicating the Reserve Bank of India may shift to a hawkish monetary stance in June, weighed on investor sentiment.
ITR-1 Form Activated on e-filing Portal of Income Tax Department
The new ITR forms for the assessment year 2018-19 mandate the salaried class assessees to provide their salary breakup, and businessmen their GST number and turnover.
Macro Stability Boosts Market; Sensex Posts 8th Straight Gain
Indian markets recovered towards the fag-end as participants took comfort from encouraging inflation and industrial output numbers.
