Business
Fiscal Deficit at 120% of Revised Estimates at February-end
Total expenditure incurred by the government during the period was over Rs 19.99 lakh crore, which is 90.14 percent of revised estimates for 2017-18.
Telecom Sector Revenue Dips 8%, Licence Fee by 16% in October-December
There were 119 crore telephone subscribers in India at the end of December 2017.
RBI to Keep Policy Rates on Hold, Maintain Neutral Stance: Report
According to the global financial services major, although India's economic growth is on an uptrend, recovery remains in an early stage, and this warrants a neutral stance.
Bank Guarantees Case: NSIC Accuses UBI of Giving 'Factually Incorrect' Info to Stock Exchanges
The NSIC, which functions under the Ministry of Micro, Small and Medium Enterprises (MSME) and aims to promote micro, small and medium enterprises in the country, sent letters to National Stock and Bombay Stock Exchanges besides the company secretary of t...
US Fears for Its Spices Industry, Says India May be in Position to 'Retaliate' on Tariffs
The US Trade Representative (USTR), Robert Lighthizer, told lawmakers during a Congressional hearing that India's system is not open and has a lot of "vulnerabilities".
Chennai Jeweller Defrauds 14 Banks to the Tune of Rs 824 Crore, May Have Fled Country
Bhoopesh Kumar Jain, Directors of Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL), allegedly resorted to falsifying records and financial statements to get loans from fourteen banks over a 10-year period beginning 2008.
Banks Throw out Numetal, ArcelorMittal Bids for Essar Steel; Open Second Round Bidding by 2nd April
The decision to reject both the bids was taken at a meeting of the committee of creditors (CoC) of Essar Steel in Mumbai on Wednesday, a banking source said, adding however, they have voted to allow a second round of bidding for the nearly crippled 10-mil...
News18 Rising India Summit | Banking Crisis Failing the Economy, Regulatory Overkill to Blame, Says Morgan Stanley’s Ruchir Sharma
Speaking at the summit, Morgan Stanley’s global strategist Ruchir Sharma batted for competitive federalism and decentralisation of power.
Gold Prices Discounted as Festival Fails to Lure Buyers
Domestic gold prices hovered around Rs 30,329 per 10 grams on Friday, after falling to Rs 30,210 earlier in the session, its lowest since March 1.
Venezuela Could Tip Oil Market Into Deficit, Says International Energy Agency
"With supply from Venezuela clearly vulnerable to an accelerated decline, without any compensatory change from other producers it is possible that the Latin American country could be the final element that tips the market decisively into deficit," the IEA...
Rupee Sheds 9 Paise Against US Dollar in Opening Trade
Also, foreign capital outflows amid a lower opening in the equity market weighed on the domestic units. However, weakness in the US dollar against select currencies on lingering worries of a global trade war limited the fall in rupee, dealers said.
ED to Probe Scam Duping Investors Through Bitcoin Ponzi Scheme
BJP MLA Ashish Shelar told reporters outside the Assembly that some companies allegedly lured people from Nanded and other areas to invest in Bitcoins, while promising higher returns.
Sensex Down 150 points, Nifty Slips Below 10,400
Asian stocks declined following an overnight slide in US equities after President Donald Trump replaced his Secretary of State Rex Tillerson with CIA Director Mike Pompeo, extending a shake-up of his administration, spurring concerns about a one-sided app...
Amazon Video Service Looking to Expand Indian Regional Content
India is the fastest growing market for its Prime Video service, Tim Leslie, global Vice President at Amazon Prime Video, said in an interview late Saturday, on the sidelines of the India Today Concalve 2018 in Mumbai.
PNB fraud: RBI Initiates Special Audit of PSBs With Focus on Trade Finance
The RBI has asked all banks for details of the LoUs they had written, including the amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before issuing the guarantees.
Rupee Rebounds 4 Paise in Opening Trade
A positive opening for the stock markets also boosted the domestic currency, dealers said.