• Flayed for 'ungrateful' Tamils remark, Pon Radhakrishnan backtracks 17 Sep 2019 22:18 CHENNAI: BJP senior and former Union Minister Pon Radhakrishnan kicked up a controversy by calling Tamils “ungrateful” but later clarified that he had not meant the seven to eight crore Tamils but only those who played politics over the Tamil language.   …
  • Govt Working On Another Booster Dose To Revive Economy 17 Sep 2019 21:56 The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blueprint for the stimulus is ready that would be announced by Finance …
  • GreenBiz Names 2019 VERGE Vanguard Award Winners 17 Sep 2019 21:44 OAKLAND, Calif., Sep. 17 /CSRwire/ - GreenBiz Group today named the 2019 VERGE Vanguard, honoring 20 dreamers, pioneers, entrepreneurs, designers, engineers, business leaders, policymakers and investors on the cutting edge of sustainability and …
  • ANALYSIS: Bleak outlook for SA coal 17 Sep 2019 21:39 South Africa's coal mining industry is on the brink of permanent decline as the country's main export markets prepare to reduce reliance on imports and global divestment from fossil fuels increases at an exponential rate. Eskom and Sasol, which …
  • Altico Capital's chief executive officer Sanjay Grewal quits amid crisis 17 Sep 2019 21:28 Sanjay Grewal, chief executive officer (CEO) of troubled real estate financier Altico Capital, resigned on Tuesday. This comes at a time when lenders are cobbling up a restructuring package for the finance company that defaulted on payments. No replacement …
  • Leather exports dip 4.90% in Q1 17 Sep 2019 20:46 Exports of leather, leather products and footwear from India declined by 4.90% in the first quarter of the current fiscal to $1.3 billion following recessionary trends and fierce price competition. In rupee terms, the exports touched ₹9,071 crore against ₹ …
  • Mutual fund AUM rises 4% to Rs 25.47 lakh crore in August: Report 17 Sep 2019 20:22 MUMBAI: The country's mutual fund industry's asset under management (AUM) grew by nearly 4 per cent to Rs 25.47 lakh crore in August 2019 from Rs 24.53 lakh crore in July, a report said. In the first five months of FY20, the industry's asset …
  • Region's largest refining and petrochemical technology conference is back this October in Singapore 17 Sep 2019 20:20 Innovations and digital transformation in refining, petrochemicals & chemicals to be the key focus for Asia’s most influential oil & gas downstream event SINGAPORE --( ASIA TODAY )-- Over 800 regional and international refining & petrochemical …
  • Govt scraps plans for PSB ETF launch this year as banks busy with mergers 17 Sep 2019 20:14 The Narendra Modi government has scrapped plans of launching a new financial sector exchange traded fund (ETF), at least for this year. This is because there will be no clarity on which banks’ shares will make up the ETF basket till the latest round of …
  • Sebi bars Gautam Thapar from accessing markets 17 Sep 2019 19:48 Mumbai: The markets regulator on Tuesday barred Gautam Thapar, former chairman of CG Power and Industrial Solutions Ltd, and three former officials of the company from the securities market, after a preliminary probe found them guilty of various …
  • Sidbi, Quilvest invest in JM Financial arm’s 17 Sep 2019 19:48 MUMBAI : JM Financial Private Equity has closed its second India-focused fund with commitments of more than ₹600 crore from Quilvest Group and Small Industries Development Bank of India (Sidbi) among others, two people aware of the matter said. The PE arm …
  • No one in Kashmir more devoted to idea of united India than Farooq 17 Sep 2019 19:13 Image Source : FILE No one in Kashmir more devoted to idea of united India than Farooq Abdullah: Chidambaram Senior Congress leader P Chidambaram, who is lodged in Tihar Jail here on corruption charges, on Tuesday condemned the detention of former Jammu …
  • As the World Goes Green, How Will Colorado's Fossil-Fuel Era End? 17 Sep 2019 18:34 Ethan Lutz got his start in the oil and gas industry entirely by accident. The newspaper ad he answered in 2007 was for a paid training program for a commercial driver’s license, and it was only after he finished the training that he learned he’d been …
  • Govt may announce more fiscal measures to spur demand 17 Sep 2019 18:19 New Delhi, Sep 17 (IANS) Finance Minister Nirmala Sitharaman is set to announce more fiscal measures in the coming days, though the contours of those have not being disclosed, however, sources said infrastructure could be an area of action. Continuing with …
  • Thakur announces new cricket, sports academy in Leh 17 Sep 2019 18:19 New Delhi, Sep 17 (IANS) In a bid to develop the Ladakh region, Minister of State for Finance and Corporate Affairs Anurag Thakur on Tuesday announced setting up of a cricket and sports academy in the region to ensure that talented athletes get the …
  • Government fund to help complete 2.5 lakh housing units: Report 17 Sep 2019 18:11 As many as 2.5 lakh affordable and middle segment housing units that do not come under NCLT but are stuck across top seven cities can avail relief from the government's proposed last mile funding worth Rs 10,000 crore, a new report has said. Out of …
  • View: States outspend the Centre; crippling their fiscal capacity will harm the economy 17 Sep 2019 17:57 As India develops, the role of its states in driving growth has become vital. The current centralising tendencies in the polity will harm the economy, besides generating centripetal forces. Within the dismal realm of economics, some parts can be …
  • Digital certificate of origin system unveiled 17 Sep 2019 17:51 In continuation of Finance Minister Nirmala Sitharaman’s announcements on Saturday to revive the export sector, Commerce Minister Piyush Goyal launched the common digital platform for the issuance of certificates of origin and a steel import monitoring …
  • Letter to BS: Can govt achieve its over-ambitious disinvestment targets? 17 Sep 2019 17:29 This refers to “LIC equity portfolio takes Rs 57,000 Cr hit’ (September 17) by Jash Kripalani. Prior to the recommendations of the Sukhamoy Chakravarty Committee report in the 1980s, the government of India was in the habit of frequently inserting its hand …
  • Svatantra Microfin raises lending rates, others stay put 17 Sep 2019 17:29 KOLKATA: The impact of the credit squeeze over the past few quarters is still being felt by microfinance companies, forcing their economically weaker customers continue to borrow at higher rates even when the country seeks to make capital cost cheaper. …
  • Vanguard Life appoints George Addison as new MD 17 Sep 2019 17:14 Business News of Tuesday, 17 September 2019 Source: Graphic.com.gh 2019-09-17 George Addison, Managing Director of Vanguard Life Assurance Company The Board of Directors of Vanguard Life Assurance Company Limited has appointed Mr George Addison as the new …
  • Developed nations should enhance support to developing nations on climate change: FinMin paper 17 Sep 2019 16:55 New Delhi, Sep 17 () India on Tuesday said developed countries should enhance their support to developing nations through adequate provision of finance, technology transfer, and capacity building to facilitate the effective implementation of the Paris …
  • Sitharaman hands over 12th century Buddha statue to culture minister 17 Sep 2019 16:55 New Delhi, Sep 17 () Finance Minister Nirmala Sitharaman on Tuesday handed over a 12th century Buddha statue, which was stolen 57 years back and finally traced at an auction in the UK, to Culture Minister Prahlad Singh Patel. The 12th century bronze …
  • CreditPilot and Tata Communications Enter A Financial... 17 Sep 2019 16:54 Companies to set up a joint task force to drive financial inclusion by providing financial services solutions for mobile operators. LIMASSOL, Cyprus and PUNE, India (PRWEB) September 17, 2019 Tata Communications, a leading global digital infrastructure …
  • Sanyal pitches for more rate cuts from RBI to boost growth 17 Sep 2019 16:52 New Delhi, Sep 17 (IANS) Principal Economic Adviser Sanjeev Sanyal on Tuesday indirectly pitched for further rate cuts from RBI to support the growth where he said there is far more space on the monetary side than the fiscal front for lifting economic …
  • Government using Kashmir to divide India: Rahul Gandhi 17 Sep 2019 16:49 Congress leaders on Tuesday condemned the detention of former Jammu and Kashmir Chief Minister Farooq Abdullah under the Public Safety Act. Former party chief Rahul Gandhi accused the Union government of “using Kashmir as a political instrument to polarise …
  • KIIFB set to raise $250 million via green bond 17 Sep 2019 15:58 Mumbai: Kerala Industrial Infrastructure Fund Board, a special purpose investment vehicle of the state government, is raising $250 million through India’s first green bond issue by a government entity. The funds could be used to promote non-conventional …
  • Srei seeks permission to buy back bonds from retail investors 17 Sep 2019 15:58 Kolkata: Srei Infrastructure Finance has sought permission from Reserve Bank of India and Securities & Exchange Board of India to buy back its bonds from retail investors following a credit rating downgrade on the company which made investors nervous. …
  • Chandigarh: HSIIDC signs MoU with SIDB for funding MSMEs 17 Sep 2019 15:56 Chandigarh: The Board of Directors of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved the signing of Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDB) for funding support …
  • Condemn Farooq Abdullah’s detention under PSA: P Chidambaram 17 Sep 2019 15:56 New Delhi: Former finance minister P Chidambaram, who is currently lodged in Tihar jail, on Tuesday spoke against the decision to slap the Public Safety Act (PSA) on former Jammu and Kashmir Chief Minister Farooq Abdullah. Asking his family to tweet on his …
  • Srei Infra moves regulators for buyback of NCDs from retail investors 17 Sep 2019 15:40 Srei Infrastructure has requested Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI) to allow buy back of its non-convertible debentures from retail investors. In a letter to both RBI and Sebi, Srei has said that, “At Srei we …
  • Aramco Attacks Spark Largest Oil Supply Cut Since Gulf War, What Next? 17 Sep 2019 15:19 Business 17:52 17.09.2019(updated 18:04 17.09.2019) Get short URL Saturday’s attacks on two Saudi Aramco facilities led the oil-rich kingdom to cut its production by 5.7 million barrels per day, or around half of its total daily output, and roughly 5 …
  • DHFL's resolution plan hits roadblock 17 Sep 2019 14:59 MUMBAI: A plan to rescue debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders have agreed to be on board the proposed resolution, according to a custodian of DHFL bonds. The process has …
  • Market slips on oil spills: Sensex crashes 642 points, Nifty below 11,000-level 17 Sep 2019 14:53 Indian equities tumbled for a second session on September 17 as investors feared that elevated crude prices may further aggravate India’s fiscal concerns and cause more troubles for the economy. Tracking weak global sentiments following drone attacks on …
  • Govt waives 3-year lock-in period on investments made by non-residents in IDF bonds 17 Sep 2019 14:50 NEW DELHI: The government has waived the three-year lock-in period on investments made by non-residents in infrastructure debt funds (IDFs), to promote funding in the infrastructure sector. A notification in this regard has been issued by the Central Board …
  • More space on monetary side than fiscal for boosting growth: Sanjeev Sanyal 17 Sep 2019 14:43 New Delhi: Ahead of policy review by the Reserve Bank of India (RBI), Principal Economic Adviser Sanjeev Sanyal on Tuesday said there is far more space on the monetary side than the fiscal front for lifting sagging economic growth. Economic growth hit over …
  • Indian shadow lender DHFL's resolution plan hits roadblock 17 Sep 2019 14:42 MUMBAI, Sept 17 (Reuters) - A plan to rescue India’s debt-laden Dewan Housing Finance Corporation Ltd (DHFL) has hit a major roadblock as only a small segment of bondholders has agreed to be on board the proposed resolution, according to a custodian of …
  • Cricket and sports academy to come up in Leh: Thakur 17 Sep 2019 13:30 Former BCCI president Anurag Thakur on Tuesday announced setting up of a cricket and sports academy in Leh to ensure that talented athletes get the required training to become a part of the mainstream. Minister of State for Finance and Corporate Affairs …
  • National Logistics Policy to soon be released, says Piyush Goyal 17 Sep 2019 13:24 India will soon come out with a national logistics policy to bring down the cost of logistics to at least below 10 per cent, Commerce and Industry and Railways Minister Piyush Goyal has said. Addressing the Asia Pacific Trade Facilitation Forum 2019 in the …
  • Rupee furthers loss by 18 paise as crude worries hurt sentiment 17 Sep 2019 13:12 By PTI MUMBAI: The Indian rupee on Tuesday weakened by another 18 paise to settle at 71.78 against the US dollar as investors fretted over higher crude oil prices. Elevated crude oil prices have emerged as major fears for India -- the world's third …
  • Kenya ranked 7th ‘most dangerous’ country to live in 17 Sep 2019 13:00 By Hilary Kimuyu NMGA new survey done by InterNations, a global community and information site for people who live and work abroad and published by Forbes, has ranked Kenya the 7th ‘most dangerous’ country to live in, in the world. The results are part of …
  • Investors lose Rs 2.72L cr in 2 days of mkt fall 17 Sep 2019 12:58 NEW DELHI: Investor wealth eroded by Rs 2.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market. The BSE sensex on Tuesday plummeted 642.22 points or …
  • Experts upbeat about Vietnam’s consumption outlook 17 Sep 2019 12:48 Vietnam’s private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inflation levels prevail. Finance expert Nguyen Tri Hieu told Viet Nam News that improvements …
  • Soho Estates sees value of property empire pass £1bn mark 17 Sep 2019 12:16 The value of the London property empire built up by the late porn magnate Paul Raymond has surpassed £1 billion for the first time, Soho Estates said on Tuesday. The West End landlord’s finance director Rachel Kennedy told the Evening Standard: “We have …
  • Government mulling another booster dose to reinvigorate economy 17 Sep 2019 12:16 NEW DELHI: The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the stimulus is ready and would be announced by …
  • Syntizen raises pre-Series A funding from Mastercard, ACPL 17 Sep 2019 12:05 HYDERABAD: Syntizen Technologies, a digital identity solutions provider, has recently raised an undisclosed amount from Mastercard and ACPL in its pre-Series A Funding round. Syntizen envisions to strengthen its product offerings and drive aggressive …
  • Sitharaman isn't done yet. Govt to announce one more economic booster dose this week 17 Sep 2019 11:53 New Delhi: The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over six-year low of 5 per cent, a senior finance ministry official said. The blue print for the stimulus is ready that would be announced by …
  • Petrol, diesel price see steepest hike since Budget 17 Sep 2019 11:31 NEW DELHI: Petrol and diesel prices on Tuesday saw the biggest hike since July 5 Budget as India voiced concern over spike in global oil prices following attacks on Saudi Arabian crude oil facilities. Petrol price was increased by 14 paisa per litre to Rs …
  • Here's what PM Modi said when asked about his nominee 17 Sep 2019 11:14 Image Source : PTI When PM Modi filled for his 'beneficiary' | India TV EXCLUSIVE As Prime Minister Narendra Modi celebrates his 69th birthday today, India TV has accessed a piece of interesting information about the leader of the country. …
  • Countries are making multibillion dollar bets on Africa — and Canada can’t afford to miss ... 17 Sep 2019 11:13 By Jack Hughes Signed by every African country except Eritrea, the African Continental Free Trade Agreement (AfCFTA) is a step toward the creation of an African common market. If it lives up to its full potential — and it is powered by some of the fastest- …
  • Indian tax panel unlikely to favour tax rate cut for auto sector -sources 17 Sep 2019 11:10 NEW DELHI, Sept 17 (Reuters) - India’s goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said. A …
  • Equity gauges slide amid weak investor sentiment, auto stocks suffer 17 Sep 2019 10:06 Mumbai (Maharashtra) [India], Sep 17 (ANI): Equity benchmark indices were in the negative territory during early hours on Tuesday amid weakness in Asian peers. At 10:15 am, the BSE SP Sensex was down by 179 points to 36,945 while the Nifty 50 edged lower …
  • Here are top five must-know facts about PM Narendra Modi on his 69th birthday 17 Sep 2019 10:03 Prime Minister Narendra Modi addresses the members of the Indian community, in Japan's Kobe on June 27, 2019.IANS Prime Minister Narendra Modi flew to Gujarat on Monday to celebrate his 69th birthday by meeting his mother and reviewing various projects …
  • Osinbajo: What FG is doing to improve governance 17 Sep 2019 09:36 Osinbajo Vice President Yemi Osinbajo in a speech on Monday 16 September, marking the opening session of the 2019 Annual Management Conference of the Nigerian Institute of Management outlined some of the steps the Buhari administration is taking to improve …
  • Plumb potential, ECOFIN explores & Sinkevicius scoots 17 Sep 2019 09:29 Welcome to EURACTIV’s weekly Transport Brief – your one port of call for all the news moving the world and much more! Sign up here for free. This week, it’s a Commissioner special! Ursula von der Leyen spilled the beans and unveiled her Commission team. …
  • Only 28% of Taiwan startups making profits 17 Sep 2019 09:26 Only 28% of Taiwan startups making profits Mark Tsai, Taipei; Joseph Tsai, DIGITIMES Tuesday 17 September 2019 In a report composed jointly by governmental Small and Medium Enterprise Administration, PwC Taiwan and Taiwan Institute of Economic Research …
  • All options open: Piyush Goyal on merger of MMTC, STC and PEC | LIVE 17 Sep 2019 09:19 September 17, 2019 2:47 PM (IST) EPFO to soon credit increased interest into 6 crore EPF accounts EPFO had approved an interest rate of 8.65% for 2018-19 This is higher than 8.55% interest rate fixed for 2017-18 ...ahead of the festival season, over 6 …
  • CG Power 17 Sep 2019 09:08 MUMBAI: A report by a law firm has revealed financial irregularities at CG Power and Industrial Solutions (CGP) that may have led the company to lose as much as Rs 3,000 crore, sources close to the development told ET. “Most of these transactions were to …
  • Inside Oyo Hotels founder Ritesh Agarwal's $1.5 bn share buyback plan 17 Sep 2019 08:56 Shares buybacks are not uncommon. They are usually done to provide liquidity to employees holding ESOPs or for a company’s promoters to rack up their shareholding when the firm has excess cash or the stock price is low (in case of a listed entity). In the …
  • Share market update: Nifty Financial Services index down; PFC slumps 4% 17 Sep 2019 08:56 NEW DELHI: The Nifty Financial Services index was down with its components trading lower in Tuesday's afternoon session. Shares of Power Finance Corporation (down 4.53 per cent), REC (down 2.83 per cent), Axis Bank (down 2.82 per cent) and Housing …
  • Pakistan showers Kashmir with generous... 17 Sep 2019 08:08 The allowances would be paid on a monthly basis along with the salary. With Pakistan-administrated Kashmir becoming the cynosure of the Imran Khan government following Islamabad's focus on Jammu and Kashmir after its special status was revoked and amid …
  • OP-ED: SA Coal is burning out quicker than expected 17 Sep 2019 07:51 A report on the export outlook for South African coal published today by the Institute for Energy Economics and Financial Analysis (IEEFA), a respected international energy think-tank, warns that new energy technologies will replace coal-fired power faster …
  • IndianOil to offer scholarship to supports economically weaker students 17 Sep 2019 07:21 More than 6 Lakh students have registered on the Vidyasaarathi portal and 24 corporates have collaborated so far. Students from West Bengal have a new reason to cheer about as Indianoil Petronas Private Limited (IPPL) announces its collaboration with NSDL …
  • What are the Aadhaar card details that can be updated without providing documentary proofs? 17 Sep 2019 07:01 It is important to keep the details in your Aadhaar card correct and updated as it will let you access services on the UIDAI (Unique Identification Authority of India) website. These services include downloading your Aadhaar, ordering a reprint and so on. …
  • Op-Ed: To the world’s largest economies: The climate crisis affects us all. Help developing countries help you 17 Sep 2019 06:52 By Ngozi Okonjo-Iweala, former Finance Minister of Nigeria and Co-Chair of the Global Commission on the Economy and Climate World leaders have a formidable task: setting a course to save our future. The extreme weather made more frequent and severe by …
  • Aye Finance raises debt funding worth Rs 80 crore 17 Sep 2019 06:44 New Delhi: Capital G backed fintech lender, Aye Finance has raised Rs 80 crore debt funding from an undisclosed investor. The MSME lender plans to utilise the latest infusion of funds for further growing its lending portfolio. This funding comes within a …
  • BSE SmallCap gains for 9th day in a row; Shankara Building up 73% in 2 wks 17 Sep 2019 06:25 Shares of smallcap companies continued their upward move on Tuesday with the BSE Smallcap index rising for the ninth straight session, on a sharp V-shape recovery in beaten down stocks. In the past two weeks, the S&P BSE Smallcap index has outpaced the …
  • View: Govt should exercise caution before it gives in to auto industry's claims 17 Sep 2019 06:03 Every crisis is an opportunity, so goes the saying. For Indian industry, it is an opportunity to lobby for a handout from the government at taxpayer’s expense. The auto industry’s case shows how far our industry leaders can cash in on this opportunity. …
  • Festive sales: Carmakers to provide hefty discounts, innovative solutions to brave slowdown 17 Sep 2019 05:54 By Express News Service After a dismal start to the crucial festive season, automakers are coming up with consumer-friendly initiatives to beat the slowdown blues it has been facing for over a year. While some manufacturers are offering hefty discounts on …
  • Rupee slips 28 paise to 71.88 against USD in early trade 17 Sep 2019 05:46 Mumbai, Sep 17 () The rupee opened on a cautious note and fell 28 paise to 71.88 against the US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas. Forex traders said the drone attacks on Saudi Arabia…
  • Chiwenga to kick out Mnangagwa? 17 Sep 2019 05:34 Recuperating Vice President, Rtd General Constantino Chiwenga, is reportedly going to use the country's dreaded Joint Operations Command (JOC), to forcefully kick out President Emmerson Mnangagwa from office, and is said to be polishing the nitty- …
  • Express daily briefing: J&K HC indicts Government for PSA arrests; impact of Saudi oil attack; and more 17 Sep 2019 05:26 Top news on Tuesday morning. Pulwama to Aug 5: J&K HC indicted Govt for PSA arrests — in 80% cases There is no official count but since August 5, almost 300 people have been booked under the draconian Public Safety Act. Yet, there have been barely a …
  • Stock market update: IT shares slip; HCL Tech dips nearly 2% 17 Sep 2019 05:13 NEW DELHI: IT shares were trading lower in Tuesday's morning session. Shares of HCL Technologies (down 1.71 per cent) , Tech Mahindra (down 1.59 per cent) , Oracle Financial Services Software (down 0.91 per cent) and Tata Consultancy Services (down 0. …
  • Stock market update: Cement shares mixed; Andhra Cements drops 5% 17 Sep 2019 05:13 NEW DELHI: Shares of cement producers were mixed in Tuesday's morning trade. Shares of APCL (up 3.38 per cent), Burnpur Cement (up 3.13 per cent), Sanghi Industries (up 1.61 per cent), NCL Industries (up 1.52 per cent) and Birla Corporation (up 1.43 …
  • Share market update: Bank shares down; Axis Bank slips 3% 17 Sep 2019 05:13 NEW DELHI: Bank shares were trading in the negative zone in Tuesday's morning session. Shares of Axis Bank (down 2.68 per cent), HDFC Bank (down 0.87 per cent) and Kotak Mahindra Bank (down 0.66 per cent) were trading in the red. ICICI Bank (down 0.57 …
  • Share market update: MMTC, CIFL among top losers on BSE 17 Sep 2019 04:53 NEW DELHI: The domestic equity benchmark BSE Sensex was trading 90.69 points down at 37,032.62 on account of selling in frontline bluechip counters. Shares of GCM Comm (down 19.94 per cent) , Arambhan Hospitality Services (down 19.43 per cent) , Virat …
  • Stock market update: Private banks mixed; Axis Bank falls over 1% 17 Sep 2019 04:52 NEW DELHI: Shares of private banks were trading on a mixed note in Tuesday's morning session. Shares of YES Bank (up 0.89 per cent), RBL Bank (up 0.83 per cent), DCB Bank (up 0.58 per cent) and Federal Bank (up 0.29 per cent) were among the top gainers …
  • Deals Buzz: Arundhati Bhattacharya working on an insurance play in life post SBI 17 Sep 2019 04:46 Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country. Arundhati Bhattacharya working on an insurance play in life after SBI Former State Bank of India (SBI) chairman Arundhati Bhattacharya is looking to start …
  • Commercial real estate still has many bankable projects 17 Sep 2019 04:25 Mumbai: The credit squeeze may be a blessing in disguise for banks. While the real estate sector in general has slumped, commercial realty has been on an upswing, with some projects yielding as high as 9 per cent. Bank lending to commercial real estate …
  • Buzzing stocks: RCom,YES Bank, SAIL, ICICI Bank 17 Sep 2019 04:25 NEW DELHI: RCom with over 0.85 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday. Shares of YES Bank (number of shares traded: 0.39 crore), SAIL (number of shares traded: 0.34 crore), Unitech (number of shares traded: 0 …
  • Local fuel prices may feel the heat of flaring crude 17 Sep 2019 04:24 New Delhi: Crude oil jumped 10 per cent on Monday, raising prospects of higher domestic fuel prices, while the government expressed confidence that supplies to Indian refineries would not be disrupted due to Saturday’s attacks on Saudi Arabian oil …
  • As agri trade with Pak freezes, India looks to other markets 17 Sep 2019 04:24 The rising tension between India and Pakistan has affected trading of agri commodities between the two nations over the past few months. Exports of tea, cotton, tomatoes from India and import of dates, mangoes and onions from Pakistan have stopped …
  • Stocks to watch: MMTC, STC, CG Power, TCS, NBCC, Coffee Day, oil-linked cos 17 Sep 2019 04:18 At 08:27 am, Nifty futures on the Singapore Exchange (SGX) were trading 15.50 points or 0.14 per cent lower at 10,989.50 levels, indicating a tepid start for the Indian market on Tuesday. Here's a look at the top stocks that may remain in focus today - …
  • Asian Markets Fall Amid Geopolitical Risks; U.S., Japan Reach Initial Trade Accord 17 Sep 2019 03:51 Investing.com - Asian markets fell in morning trade on Tuesday amid geopolitical risks in the Middle East. China’s Shanghai Composite and the Shenzhen Component were down 0.8% and 0.7% respectively by 10:30 PM ET (02:30 GMT). Hong Kong’s Hang Seng Index …
  • Business Maverick: BRICS Bank’s First Local-Currency Loan Is for South Africa Roads 17 Sep 2019 03:38 The 15-year loan to the South African National Roads Agency SOC Ltd. will be guaranteed by the country’s government and still needs the approval of the transport and finance ministers. “The loan will be done in local currency – a first for the NDB,” Vusi …
  • A bounced cheque cracks open a can of worms at CG Power 17 Sep 2019 03:35 A report by a law firm has revealed financial irregularities at CG Power and Industrial Solutions (CG) that may have led the company to lose as much as Rs 3,000 crore, sources close to the development told ET. “Most of these transactions were to help …
  • Pakistan showers Kashmir with ... 17 Sep 2019 03:29 The allowances would be paid on a monthly basis along with the salary. With Pakistan-administrated Kashmir becoming the cynosure of the Imran Khan government following Islamabad's focus on Jammu and Kashmir after its special status was revoked and amid …
  • Neufund launches equity-linked token sales platform with government approval 17 Sep 2019 03:28 German fintech startup Neufund today launched its equity-linked tokenized public offering platform after gaining regulatory approval to do so from Liechtenstein. Founded in 2016, Neufund has built a blockchain-based platform that allows companies to raises …
  • Apple embarks on EU court battle over 13B-euro tax bill 17 Sep 2019 03:13 APPLE. This file photo taken on June 13, 2016 shows the Apple logo displayed on a screen at Apple's annual Worldwide Developers Conference presentation at the Bill Graham Civic Auditorium in San Francisco, California. File photo by Barielle Lurie/ …
  • Aviation ministry seeks tax waiver on passenger service fee 17 Sep 2019 03:12 NEW DELHI: The civil aviation ministry has asked the finance ministry to waive income tax on the money earned though the passenger services fee (PSF), which is spent on security at all airports. If implemented, the move will dent the government’s direct …
  • Microfinance to double lending in 5 years: Muhammad Yunus 17 Sep 2019 03:11 NEW DELHI: The microfinance industry in India will double its lending in the next five years if the current growth trends continue, said Nobel laureate and founder of Grameen Bank, Muhammad Yunus, on Monday. The industry grew at over 40% in FY2019 with its …
  • MeitY, DPIIT urge lower GST on ACs, high-end TVs 17 Sep 2019 03:11 KOLKATA: The ministry of electronics and IT and the Department for Promotion of Industry and Internal Trade (DPIIT) have pushed for reduction of goods and services tax (GST) on largescreen LED televisions and airconditioners to 18% from 28% to revive …
  • Anshu Jain-backed InCred in race to buy Reliance wealth 17 Sep 2019 03:11 MUMBAI: Anil Ambani's Reliance Group has put its wealth management unit up for sale as it looks to raise funds to repay debt, said two people familiar with the matter. Among the suitors are said to be InCred Finance, a nonbanking finance company (NBFC) …
  • Equitas Holdings tanks 13% as Sebi rejects scheme of arrangement for banking arm 17 Sep 2019 02:59 Mumbai: Shares of Equitas Holdings slumped nearly 13 per cent to Rs 102.10 after the market regulator Securities and Exchange Board of India (Sebi) returned the company’s draft scheme with regard to Equitas Small Finance Bank. The company had filed a draft …
  • RBI steps up its scrutiny of Lakshmi Vilas Bank and Indiabulls Housing Finance 17 Sep 2019 02:59 Mumbai: The RBI has intensified its “fit and proper” checks on the managements of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance (IHF), which plan to merge, following fresh accusations of wrongdoing and the sudden exit of the bank’s CEO. It has …
  • Ministry of Human Resource Development draws up plans to make 2020s India’s decade as workforce peaks 17 Sep 2019 02:52 NEW DELHI: A series of recent internal government reports on education has pointed to an increase in the working population and a decrease in both dependents and school-going kids—creating a decade-long window of opportunity for growth, starting 2020. In a …
  • Sri Lanka’s Economic Summit 2019 Opens Today 17 Sep 2019 02:49 Sep 17, 2019 (LBO) – The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journey towards development and prosperity will get underway at the Cinnamon Grand Colombo, today. …
  • Unlocking people’s potential key for BFSI players 17 Sep 2019 02:28 For a while now, we have witnessed the BFSI industry being reshaped by the rapid adoption of digitisation and automation. Multiple disruptive technologies along with artificial intelligence, machine-learning and data analytics are seen playing a …
  • Bank’s Race Against Crisis Puts India on Warning 17 Sep 2019 02:19 By Andy Mukherjee | Bloomberg September 16 at 10:08 PM India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as …
  • A $45 Billion Bet on Narendra Modi’s India Is Rapidly Unwinding 17 Sep 2019 00:12 (Bloomberg) -- Global investors are starting to fall out of love with Narendra Modi. After pouring $45 billion into India’s stock market over the past six years on hopes that Modi would unleash the country’s economic potential, international money managers …