Business
PSUs to Manage Stressed Assets of Banks, Says Arun Jaitley
The meeting was attended by chairpersons of three important PSUs, NTPC, SAIL and Cochin Shipyard Ltd.
Sensex Slips 94 Points Post RIL Earnings
The benchmark BSE Sensex fell by over 94 points in early session Friday after sentiment was dampened by Reliance Industries' second quarter earnings numbers, which were announced on Thursday.
PPP Model Needs to Develop to Boost Infra Investment: Moody's
Moody's Investors Service on Thursday said PPP model in India's infrastructure needs to be developed further to attract more private investment for the sector that would help propel growth.
Sensex Stays Positive, Jumps 80 Points After Asia Upmove
Strong global cues helped the Sensex climb over 80 points on Wednesday, which extended its previous day's rally amid signs of a firming trend at Asian markets after data showed China's economy is stabilising.
BRICS Development Bank to Increase Lending to $2.5 Billion Next Year
The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters.
90% Hike in Smuggled Cigarette Consumption in India: FICCI
Consumption of smuggled cigarettes has increased by over 90 per cent, equivalent to 12.5-23.9 billion sticks, in the last 10 years in India, revealed a new report on Thursday.
Rupee Drops 29 Paise Against dollar in Early Trade
The rupee was trading lower by 29 paise at 66.82 against the American currency in early trade on Thursday at the Interbank Foreign Exchange market as the dollar strengthened overseas amid a lower opening of the domestic equity market.
Explained: India and Pakistan's Bilateral Trade Relations
Recent skirmishes on the Line of Control have cast a shadow on any further pick-up in trade between the nations.
5 Indian-Americans Among America's Richest 400: Forbes
Symphony Technology founder Romesh Wadhwani, co-founders of outsourcing firm Syntel Bharat, Syntel's Neerja Desai, airline veteran Rakesh Gangwal, entrepreneur John Kapoor and Silicon Valley angel investor Kavitark Ram Shriram figure in Forbes' 'The Riche...
India Ready to Take Larger Share in World Bank: Arun Jaitley
India strongly supports the capital increase in the World Bank, Finance Minister Arun Jaitley has said and expressed the country's readiness to take a larger share in the global lender than the dynamic formula.
Pound Slumps to 31-Year Low Versus Dollar
The pound slumped to a 31-year low against the dollar on Tuesday.
RBI Monetary Policy 2016: Mint Street Set for Patel-MPC Double Debut
At 2.30 pm on Tuesday (October 4, 2016), the Reserve Bank of India (RBI) will put out its fourth bi-monthly monetary policy review.
GDP Growth to Top 8% on Rains, reforms: Panagariya
A good monsoon, reforms and timely decision making at the Centre will definitely push India's growth beyond the 8% mark: Niti Aayog Vice-Chairman Arvind Panagariya
7th Pay Panel Award to Spur Savings More Than Consumption: UBS
Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.
Sebi Wants Sahara Properties' Auction to be Put on Hold
Market regulator Sebi has told the Supreme Court that no useful purpose would be served by proceeding with the auction of Sahara properties in the second phase as most of them were in provisional attachment of Income Tax department.
India's Current Account Deficit Sharply Dips in First Quarter
The CAD for Q1 accounts for 0.1 per cent of the GDP (Gross Domestic Product) as against 1.2 per cent of the GDP in the same quarter in 2015.