Financial

  • P Chidambaram turns 74 in Tihar jail, wishes for better economy of country 16 Sep 2019 09:00 New Delhi: Former finance minister, P Chidambaram who is in Tihar jail and turned 74-years old on Monday spoke of the state of the country's economy. Asking his family to tweet on his behalf, Chidambaram said, "My thoughts today are about the …
  • Share market update: Nifty Financial Services index down; REC falls 2% 16 Sep 2019 07:49 NEW DELHI: The Nifty Financial Services index was down with its components trading lower in Monday's afternoon session. Shares of Edelweiss Financial Services (down 2.05 per cent), REC (down 1.90 per cent), State Bank of India (down 1.65 per cent) and …
  • Warburg may buy 20.5% in IndiaFirst from Andhra Bank 16 Sep 2019 07:49 The recently-announced mega mergers of 10 state-run banks into four are beginning to have an impact beyond traditional banking. IndiaFirst Life Insurance, in which Andhra Bank owns 30 per cent equity, might see Warburg Pincus emerge as its biggest …
  • All you need to know about taking a loan against your car 16 Sep 2019 07:00 When one faces a need to arrange for funds at a short notice, assets owned can come handy. Instead of liquidating the assets, one can arrange finances on the basis of the security of the assets. On the same lines, it is possible for a car owner to avail …
  • PGIM debt funds’ NAV falls up to 30% 16 Sep 2019 07:00 The net asset value (NAV) of some debt funds of PGIM India Mutual Fund fell by as much as 30 per cent in a day after CARE downgraded the ratings on the non-convertible debentures (NCDs) of Anil Ambani's Reliance Business Broadcast News Holdings to “D”. …
  • India's economy slows, stalling once thriving... 16 Sep 2019 06:58 The economy grew at its slowest annual pace in six years in April-June. Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, …
  • Oil at $70 for next 15 days to be good for BPCL: N Vijayagopal 16 Sep 2019 06:58 We will have a better second quarter if there is an uptick in average crude prices. That will have an impact on the valuation of inventories. We were expecting it to come down to $62 in the second quarter from $69 a barrel in Q1, says N Vijayagopal, …
  • India's economy slows, stalling once thriving manufacturing 16 Sep 2019 06:10 NEW DELHI (AP) — Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers. Seven years later, he's had to lay off half his workers as drooping …
  • TCS, M&M, TVS Motor among 12 stock ideas from top brokerages for next 4 weeks 16 Sep 2019 05:46 The domestic equity market came under pressure in Monday’s session following a spike in crude oil prices in international markets. Sensex tanked 250 points while Nifty slipped below the psychologically important 11,000 mark before paring some of the losses …
  • Buzzing stocks: YES Bank, Vodafone Idea, RIL, BPCL 16 Sep 2019 05:16 NEW DELHI: YES Bank with over 1.20 crore shares changing hands was leading among the most traded stocks on NSE on Monday. Shares of Alok Industries (number of shares traded: 0.98 crore), Vodafone Idea (number of shares traded: 0.71 crore), Reliance …
  • FSDC panel to take stock of economy 16 Sep 2019 05:15 The subcommittee of the Financial Stability and Development Council (FSDC), an inter-regulatory body headed by Reserve Bank of India governor Shaktikanta Das, will meet in Mumbai on September 27 to take stock of the developments in the Indian economy in …
  • Delhi EV policy awaits notification as odd-even returns 16 Sep 2019 04:46 Even as the Delhi government has announced odd-even scheme to be enforced in November to reduce air pollution, it is yet to notify its Electric Vehicle Policy prepared almost a year back to curb vehicular pollution. The odd-even scheme for private vehicles …
  • India’s $7 billion of export stimulus isn’t a ‘game changer’ 16 Sep 2019 04:00 By Siddhartha Singh and Shruti Srivastava India’s new measures announced Saturday to revive a flagging economy through an aid to exporters isn’t as big a boost as the initial numbers suggested. The help to traders by way of tax refunds for export promotion …
  • Murphy’s Passage to India Raises Questions About Funding Trade Missions 16 Sep 2019 03:30 Credit: GovMurphy/Twitter Gov. Phil Murphy, center, and First Lady Tammy Murphy at the National Gandhi Museum in New Delhi The cost of foreign trade missions like the one Gov. Phil Murphy is on this week to India has always been watched closely back …
  • Click-wait for ecommerce as consumers put off buys 16 Sep 2019 03:02 BENGALURU | MUMBAI: Consumer spending on online shopping sites is estimated to be down by about a fifth in the first half of the year to June as etailers have cut discounts and the growth slump has hit buying sentiment across sectors, according to a report …
  • Stocks in the news: DLF, Andhra Bank, SBI, DHFL, PNB, Equitas Holdings Unitech 16 Sep 2019 02:55 NEW DELHI: Nifty futures on the Singapore Exchange were trading 89 points, or 0. 80 per cent, lower at 11,022, indicating a negative for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: DLF: Realty major DLF has sold a 9 acre …
  • How young earners can manage their debt 16 Sep 2019 01:34 Atul has just completed his postgraduation and has been working for the past six months. He lives with his parents and is single. He had thought that he would be able to save most of his salary, but finds that he pays a sizeable amount as EMI for his …
  • Family finance: How salaried Suresh should invest to achieve his money goals 16 Sep 2019 01:34 Suresh K. is a software programmer from Hyderabad, who gets a monthly salary of Rs 1.76 lakh. He plans to get married by the end of the year and wants to start planning for his goals. After considering his expenses and insurance premium, he is left with a …
  • Your fortune but everyone's advice: Simple thumb rule to manage a windfall 16 Sep 2019 01:34 By Uma Shashikant We live ordinary lives, enjoying the simplicity of it. The uncomplicated routine of the job, a steady income with enough to spend and save is nice. Then the unexpected happens and we are not sure what we should be doing. My friend just …
  • Arun Jaitley, the farmers’ finance minister 15 Sep 2019 21:23 From this author Arun Jaitley. (File) There have been several obituaries of Arun Jaitley. Most focus on his contribution to the BJP as a political strategist, or to the nation through GST-type reforms, or as personal friend, including by those occupying …
  • PGIM India funds down 21-30% after downgrade of Anil Ambani's firm 15 Sep 2019 21:16 The ratings downgrade of Anil Ambani group firm Reliance Business Broadcast News Holdings (RBBNH, which owns Business Broadcast News) has led to a steep drop in the net asset values (NAVs) of mutual fund (MF) schemes with concentrated exposure to its debt …
  • How fast is India's start-up universe expanding? Explained in 7 charts 15 Sep 2019 21:16 There are nearly 30,000 start-ups in India, supported by an ecosystem of availability of finance, talent, connectivity, and incubation facilities. How strong is the ecosystem? A report by TiE Delhi NCR and Zinnov answers this question. How fast is India’s …
  • Job seekers in North India lack qualification, says Santosh Gangwar. Priyanka hits back 15 Sep 2019 19:41 Image Source : PTI/FILE Job seekers in North India lack qualification, not job opportunities: Santosh Gangwar Minister of State for Labour and Employment Santosh Gangwar claimed that there are enough jobs in India but lack of qualifications among the …
  • India announces new tax refund scheme, easy credit to boost exports 15 Sep 2019 16:19 The proposed Remission of Duties or Taxes on Export Product (RoDTEP) scheme will come into force from January 1, 2020. It will incentivize exporters at an estimated cost of Rs 50,000 crore and replace the Merchandise Exports from India Scheme (MEIS), which …
  • India’s $1.4 billion housing fund seen not... 15 Sep 2019 15:40  15 Sep 2019 - 16:54 Indian commuters pass a poster advertising ‘Facebook Live What You Love’ campaign in Bangalore on March 22, 2018. AFP/Manjunath Kiran The Indian government’s decision to launch a $1.4 billion fund to salvage stalled residential …
  • Amazon Primed: Internal Emails, New India Woes, Food Delivery Growth 15 Sep 2019 13:23 PARIS, FRANCE - SEP 28, 2018- Directly above view of New Amazon Cardboard box against yellow background. Amazon Prime is the online paid subscription service offered by Amazon.com web-commerce site photocredit- Getty Getty'Amazon Primed' is a short …
  • Enough jobs in the country, but few skilled personnel in north India: MoS Santosh Gangwar 15 Sep 2019 11:17 Labour and Employment Minister Santosh Gangwar (Express Photo By Amit Mehra) Minister of State for Labour and Employment Santosh K Gangwar Saturday said there is no lack of employment in the country but there are few skilled personnel, especially in north …
  • Ex Finance Minister Chidambaram relies on family for basics inside Tihar 15 Sep 2019 07:34 New Delhi, Sep 15 (IANS) It’s a cruel turn of fate. P. Chidambaram, who as India’s Finance minister till just a few years ago decided the country’s budget, is now dependent on a few hundred rupees provided by his family for his basics such as tooth brush, …
  • 'Weird statements': Yashwant Sinha hits out at Sitharaman, Piyush Goyal 15 Sep 2019 07:17 Indore: Former BJP leader Yashwant Sinha on Saturday questioned Finance Minister Nirmala Sitharaman's claim that rise of Ola and Uber affected the automobile sector, asking why the sales of trucks should also decline. Those in power were making " …
  • Dubai-like annual shopping festival to be held in India 15 Sep 2019 06:57 The annual shopping festival is likely to begin in March 2020. India will have its own version of an annual shopping festival on the lines of the one hosted by Dubai. This annual shopping festival likely to begin from March 2020 will be held in four Indian …
  • Pedal-to-Metal: More steps, time needed for auto sector revival 15 Sep 2019 06:40 By Rohit Vaid NEW DELHI/MUMBAI: With automobile industry's August sales touching the lowest level since 1997-98, industry insiders assert that the time is ripe for the government to take other steps to save as many as million contractual jobs which …
  • Tata, Vedanta mining lease ends in March; Govt for fresh auctions 15 Sep 2019 06:40 NEW DELHI: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50-year period in March, 2020. The move will impact about 334 mines belonging to …
  • India pick uncapped Gill, axe Rahul for South... 15 Sep 2019 06:30  12 Sep 2019 - 19:09 Indian cricket captain Virat Kohli speaks during a Delhi cricket association ceremony to rename the Feroz Shah Kotla cricket stadium to Arun Jaitley stadium, in New Delhi on September 12, 2019. The Delhi cricket association renamed the …
  • Power Finance Corporation ups global MTN to $5 billion 15 Sep 2019 06:24 Power Finance Corporation Ltd. (PFC) on Saturday has updated its existing global Medium Term Note (MTN) Programme from $3 billion to $5 billion. The company said it has launched issuances of $300 million 3.25 per cent Notes due 2024 and $450 million 3.90 …
  • Blame game on as wheels come off India's auto sector 15 Sep 2019 04:13 New Delhi: When India's Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters. They started a campaign …
  • India's $1.4 billion housing fund seen not enough to spur sector 15 Sep 2019 04:07 By Dhwani Pandya The Indian government’s decision to launch a $1.4 billion fund to salvage stalled residential projects is unlikely to revive a sector that’s been the worst hit by the growth slowdown in Asia’s third-largest economy. As part of a broader …
  • Exchange of tax information between India, Switzerland will help fight terrorism: President Ram Nath Kovind 15 Sep 2019 02:27 Image Source : TWITTER/@ANI President Ram Nath Kovind addressing Federal Council of Switzerland Underlining that tax evasion and money laundering have strong links with terrorism, President Ram Nath Kovind on Friday said the agreement on the automatic …
  • Realty sector says meh to FM Nirmala Sitharaman's sops 14 Sep 2019 23:29 Chennai: Finance minister Nirmala Sitharaman on Saturday announced a Rs 10,000-crore stress fund for incomplete affordable and middle-income housing, with riders. The realty sector doesn’t think, however, that the incentives will create demand. The Rs 10, …
  • India continues economic stimulus with another Rs700B 14 Sep 2019 18:34 Housing finance firms allowed to borrow funds abroad at relaxed rules; interest rate on house-building advance lowered Indian Finance Minister Nirmala Sitharaman on Saturday announced a package of over Rs700 billion for the export and real estate sectors, …
  • Finance Minister announces new tax refund scheme, easy credit to boost exports 14 Sep 2019 17:41 Finance Minister Nirmala Sitharaman Saturday announced a slew of measures to boost the economy, including a new scheme to refund taxes and duties on exports, easier export credit and additional funding for exporters under the revised priority sector …
  • States should have been consulted before changing Finance Commission Terms of Reference, says Manmohan Singh 14 Sep 2019 16:46 Former Prime Minister Manmohan Singh on Saturday termed as “unilateral” the Centre’s move to change the Terms of Reference of the 15th Finance Commission for creation of a non-lapsable fund for “Defence and Internal Security”. At a day-long seminar on “ …
  • India Inc hails Rs 70K cr package to boost economy 14 Sep 2019 16:46 Hailing the government’s Rs 70,000 crore package for stressed exporters and real estate, India Inc on Saturday said the measures are decisive as well as comprehensive, and will provide a boost to the economy in near-term. It also said that the …
  • India Inc hails Modi government's Rs 70,000 crore package to boost economy 14 Sep 2019 15:06 By PTI NEW DELHI: Hailing the government's Rs 70,000 crore package for stressed exporters and real estate, India Inc on Saturday said the measures are decisive as well as comprehensive and will provide a boost to the economy in near-term. It also said …
  • For Finance Minister, economic revival has already started 14 Sep 2019 15:06 New Delhi: Finance Minister Nirmala Sitharaman on Saturday said there are clear signs of revival of most of the indicators of the economy with uptick in industrial production and fixed investment after economic growth plunged to a six-year low of 5 per …
  • India- Nirmala Sitharaman announces special funding window for unfinished housing projects 14 Sep 2019 14:31 (MENAFN - NewsBytes) Amid the concerning situation of the country's economy,Finance Minister Nirmala Sitharamanannounced a slew of measures on Saturday aimed at boosting growth. One of the key highlights of her latest press meet was the humongous …
  • NRC likely to be key issue during Hasina’s Oct visit to India 14 Sep 2019 14:19 Assam’s National Register of Citizens (NRC) might be an important agenda of discussion during Bangladesh Prime Minister Sheikh Hasina’s visit to neighbouring India in early October, reports Hindustan Times. During her meeting with Indian counterpart …
  • India Announces Fresh Measures to Improve the Economy and Boost Exports 14 Sep 2019 14:06 Asia & Pacific 15:42 14.09.2019Get short URL New Delhi (Sputnik) - India has announced a new set of measures to put a stop to the current slide of the economy. Federal Finance Minister Nirmala Sitharaman announced a slew of measures on Saturday to …
  • India sets up fund to complete stalled housing projects 14 Sep 2019 14:03 (Adds details on measures, industry comments) By Aftab Ahmed NEW DELHI, Sept 14 (Reuters) - India on Saturday announced a series of measures to revive the housing sector and boost exports as the government tries to kick-start an economy hit by a lending …
  • Finance Minister's measures cosmetic, government clueless on economy: Congress 14 Sep 2019 12:32 NEW DELHI: The Congress on Saturday hit back at the Modi government after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the economy, dubbing them as "cosmetic measures" and said the government was "clueless" …
  • ‘Whither Rural India?’ review: Farmers in rural India ground down by policies 14 Sep 2019 11:53 For some economists, research on economic issues is a social commitment. Prof. Venkatesh Athreya belongs to this class and his former students and co-researchers have written a festschrift, Whither Rural India?, in his honour, a collection on socio- …
  • Finance Minister announces revised priority sector lending scheme for exporters  14 Sep 2019 11:00 By PTI NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday announced revised priority sector lending (PSL) norms for exporters which will release additional funding of Rs 36,000 crore to Rs 68,000 crore to them. PSL norms for export credit have been …
  • India to provide $1.4 bln to boost affordable, mid-income housing 14 Sep 2019 10:34 NEW DELHI, Sept 14 (Reuters) - India will provide 100 billion rupees ($1.41 billion) of funds to boost affordable and middle income housing, the country’s Finance Minister Nirmala Sitharaman said on Saturday, as she announced measures designed to aid India …
  • India announces measures to boost exports as economy loses steam 14 Sep 2019 10:29 NEW DELHI, Sept 14 (Reuters) - India will relax rules for lending to priority sectors, its finance minister said on Saturday, forecasting the move could lead to banks providing up to an extra 680 billion rupees ($9.6 billion) of export credit to help …
  • Key Highlights: Finance Minister Nirmala Sitharaman announces measures to boost exports, help home buyers 14 Sep 2019 10:12 In another round of economic boosters, Finance Minister Nirmala Sitharaman today announced measures related to exports and home buyers. Sitharaman announced six steps to boost exports including Dubai-like mega annual shopping festival from next year, new …
  • SBI @10,310 ft : State Bank of India opens its first branch at Diskit, Nubra Valley in Ladakh 14 Sep 2019 09:38 Image Source : GOOGLE MAPS State Bank of India opens its first branch at Diskit, Nubra Valley in Ladakh State Bank of India which is India's largest lender is set to launch its first branch at Dikshit in Nubra Valley. It will India's first branch …
  • Alphageo India Ltd announces resignation of CFO 14 Sep 2019 09:10 The Board of Directors of Alphageo India Ltd at its meeting held today viz. 14th Sept, 2019, considered and approved the resignation of Chief Financial Officer of the Company, effective from 14th Sept, 2019; and approved the appointment of Mr. Sesham …
  • RCEP: Why India softened its stand on a mega trade deal 14 Sep 2019 08:54 NEW DELHI: Months after India said it was not convinced if the Regional Comprehensive Economic Partnership, a proposed 16-nation trade deal better known as RCEP, is a win-win, New Delhi appears to be taking a more nuanced approach, raising hopes of an …
  • CARE downgrades Reliance Home Finance's long-term debt instruments to 'D' 14 Sep 2019 07:39 Mumbai: CARE Ratings has downgraded Anil Ambani-led Reliance Home Finance's long-term debt programme, market-linked debentures, subordinated debt, non-convertible debentures (NCDs) and upper tier-11 NCDs to 'D'. CARE said the action is …
  • Not obliged to accept centre’s nominal GDP numbers: Finance Commission 14 Sep 2019 02:20 NEW DELHI: The Finance Commission could rely on its “own independent judgement” on growth projections as it finalises the formula for devolution of funds to states from the Centre for the five years starting April 1, 2020. “I am not obliged, the Commission …
  • Equitas Holdings plans to go for IPO of small finance bank arm 13 Sep 2019 21:14 Equitas Holdings (EHL), the promoter of Equitas Small Finance Bank (ESFB), will be initiating steps to issue an initial public offering (IPO) of the bank with the aim to list the shares by March 2020. Earlier, its request for approval of a scheme of …
  • Finance Secretary to review banking issues next week 13 Sep 2019 21:14 Kolkata: The finance ministry has called a review meeting with public sector bank heads next week to discuss transmission of repo rate cuts and availability of liquidity for non-bank lenders amid concerns over economic slowdown. Finance secretary Rajiv …
  • Lord Mayor of London leads fintech mission to India 13 Sep 2019 19:28 LONDON: The Lord Mayor of the City of London will lead a five-day trade mission to India next week with a delegation of financial technology companies from Britain to boost India-UK ties in innovation and fintech. Peter Estlin, who is the global ambassador …
  • India Considers Selling Bharat Petroleum Stake To Oil Major 13 Sep 2019 19:21 India weighs selling the state’s majority stake in Bharat Petroleum Corporation (BPCL), the country’s second-largest state-owned refiner, to an international oil company, Bloomberg reported on Friday, quoting people with knowledge of deliberations. As …
  • IT Min to meet global tech brass on India biz plans Sep 16 13 Sep 2019 19:02 New Delhi: IT Minister Ravi Shankar Prasad will hold discussions with CEOs of over 50 global technology companies including Apple, Samsung, Vivo, and Xiaomi on Monday, seeking their inputs on opportunities and expectations from the government to make India …
  • Andhra Bank board okays merger with Union Bank of India 13 Sep 2019 18:53 HYDERABAD: The board of directors of Andhra Bank on Friday accorded in-principle approval for the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as the anchor bank. "In continuation to our letter dated September 11, 2019 …
  • Small finance banks need minimum 13 Sep 2019 18:27 Mumbai: The Reserve Bank of India on Friday allowed payments banks to apply for small finance bank (SFB) licences, provided they meet the criteria. According to the new draft guidelines for on-tap licencing of private sector SFBs, the promoter of a …
  • India’s Miners of Glittery Mica Deadlocked in Debt Traps 13 Sep 2019 17:42 Miners of mica, a multipurpose mineral widely used in the global cosmetics, automotive and electronics industries, are unable to pay off loans with exorbitant interest rates to local money lenders, including mica traders, deadlocking many in debt traps and …
  • Minimum capital requirement to establish small finance bank set at 13 Sep 2019 16:30 Mumbai: Reserve Bank of India on Friday allowed payment banks to apply for a small finance bank (SFB) licence, provided it meets the fit and proper criteria. According to the new draft guidelines for on-tap licensing of small finance banks in the private …
  • India Considers Selling Refining Stake to Overseas Oil Firm 13 Sep 2019 16:19 by  Bloomberg |Siddhartha Singh & Debjit Chakraborty |Friday, September 13, 2019 India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its …
  • Priyanka Gandhi appeals Finance Minister to rise above politics and acknowledge 'slowdown' 13 Sep 2019 11:17 Image Source : FILE Priyanka Gandhi Congress leader Priyanka Gandhi Vadra on Sunday attacked Finance Minister Nirmala Sitharaman for not acknowledging that there was a "slowdown", saying she needs to get over "politicking" about the …
  • BharatPe hires executives across business, finance & operations 13 Sep 2019 10:52 NEW DELHI: In an effort to strengthen its leadership team, fintech company, BharatPe has recently hired three executives across business, finance and operations. The company has appointed Subhasis Beura, ex-Reckitt executive, as chief business officer - …
  • [email protected]: Monsoon session in 2022 may be held in a redesigned Parliament building 13 Sep 2019 09:40 By August 15, 2022, when India celebrates its 75th Independence Day, it may have a new Parliament building or a retrofitted one. There are also plans to redevelop the Central Vista, a 3-km stretch from the Rashtrapati Bhavan to the India Gate, and …
  • Share market update: NBFC stocks mixed; Sakthi Finance slips 5% 13 Sep 2019 09:02 NEW DELHI: Shares of non-banking financial companies (NBFC) were trading on a mixed note in Friday's afternoon session. Shares of AIIL (up 5 per cent), Baid Leasing & Finance Co (up 4.88 per cent), Sahara Housing (up 4.17 per cent), India Home Loan …
  • Are millennials responsible for India's economic slowdown? Rahul doesn't think so 13 Sep 2019 07:54 Former Indian National Congress President Rahul Gandhi has dubbed the Modi government's theory that millennials were the reason for slowdown in India's auto sector as "foolish theories" and said that India needed a concrete plan to fix …
  • Share market update: Khadim India, JTL Infra among top gainers on BSE 13 Sep 2019 04:17 NEW DELHI: The domestic equity benchmark BSE Sensex was trading 110.60 points up at 37,214.88 on account of buying in frontline bluechip counters. Shares of Global Offshore (up 19.92 per cent) , Comfort Intech (up 19.28 per cent) , Rasi Electrodes (up 18. …
  • Highlights: DDCA pays tribute to Arun Jaitley, renames Feroz Shah Kotla stadium on former finance minister 13 Sep 2019 03:15 LIVE: DDCA pays tribute to Arun Jaitley, renames Feroz Shah Kotla stadium on former finance minister The Delhi and District Cricket Association (DDCA) on Thursday gave rich tribute to former finance minister Arun Jaitley, who died on August 24. The …
  • India Is Changing The Game For China And Pakistan In Kashmir 12 Sep 2019 23:16 © 2019 Bloomberg Finance LP The US-China trade war has provided Indian Prime Minister Modi with an opportunity he couldn’t refuse: to change the game in Kashmir for China and Pakistan. Back in August New Delhi terminated Article 370 of the Constitution, …
  • Manmohan is sceptical about India's $5 tr GDP dream 12 Sep 2019 20:08 The dangerous thing about the present situation is that the government is complacent enough to not realise that we are in the midst of a protracted economic slowdown, Singh said. Former Prime Minister Manmohan Singh on Thursday said there was no hope of …
  • Finance secy Rajiv Kumar to hold review meeting with public sector banks 12 Sep 2019 18:58 Finance Secretary Rajiv Kumar will hold a review meeting with public sector banks (PSBs) on September 19 to discuss issues including following up on transmission of monetary policy rates. The government is set to ask PSBs to expeditiously introduce repo- …
  • Finance Secretary to meet heads of PSU banks on Sep 19 12 Sep 2019 16:05 New Delhi, Sep 12 () Finance Secretary Rajiv Kumar is scheduled to meet heads of public sector banks on September 19 to review progress made by them to help boost growth, including follow up action after reduction of interest rates by RBI, sources said on …
  • Used cars, not just millennials, likely behind India's auto slump 12 Sep 2019 15:09 NEW DELHI: Finance minister Nirmala Sitharaman this week said millennials opting for taxi-hailing services like Uber are a factor for the drop in vehicle sales. While the jury is still out on this, automakers face another speed bump, used cars. The market …
  • Top news today evening: Sonia charts Congress roadmap, India announce Test squad for SA series and more 12 Sep 2019 12:21 A wrap of everything that has happened today. Cong must now embark on agitational agenda: Sonia Gandhi at party meeting Congress interim president Sonia Gandhi Thursday accused the BJP government at the Centre of misusing its mandate in the “most dangerous …
  • India doesn’t need propaganda: Rahul hits out at Centre 12 Sep 2019 10:42 New Delhi: Former Congress President Rahul Gandhi on Thursday dubbed the government’s excuses that millennials were the reason for the slowdown in the auto sector as “foolish theories” and said that the country needs a concrete plan to fix the economy. …
  • Share market update: NBFC stocks advance; Repco Home Finance gains 6% 12 Sep 2019 10:24 NEW DELHI: Shares of nonbanking financial companies (NBFC) were trading with gains in Thursday's afternoon session. Shares of Repco Home Finance (up 6.16 per cent) , Indiabulls Ventures (up 6.16 per cent), Indiabulls Housing Finance (up 5.82 per cent), …
  • Foolish economic theories: Rahul Gandhi hits out at Modi govt, says India doesn’t need propaganda 12 Sep 2019 09:28 NET Bureau Congress leader Rahul Gandhi has accused the Narendra Modi government of “manipulating” news cycles to hide the ongoing economic crisis in the country. In a tweet, Rahul Gandhi said India does not need “propaganda” and “manipulated news cycles”. …
  • Sadhguru Blogs On His Mission To Save India's Rivers 12 Sep 2019 09:27 Rally for Rivers was purely an awareness campaign to get people's support to change the policy of how we treat our rivers. I personally drove 9,300 kilometers in thirty days. During that time, I spoke at 142 events along the way and gave over 180 …
  • India doesn't need 'foolish theories about millennials', but concrete plan to fix economy: Rahul Gandhi 12 Sep 2019 08:24 NEW DELHI: Congress leader Rahul Gandhi on Thursday attacked the Narendra Modi government over the state of the economy, saying what India needs is not propaganda, manipulated news cycles and foolish theories about millennials, but a concrete plan to fix …
  • India needs a concrete plan to fix economy, not foolish theories about millennials: Rahul Gandhi 12 Sep 2019 07:53 Former Congress party president, Rahul Gandhi today took a potshot at Finance Minister Nirmala Sitharaman saying that India needs a concrete plan to fix the economy and not foolish theories about millennials. "What India needs isn’t propaganda, …
  • India to Set up Mega Solar Power Project in the Newly Carved Out Territory of Ladakh 12 Sep 2019 07:16 Tech 09:19 12.09.2019Get short URL New Delhi (Sputnik): After making the restive state of Jammu and Kashmir into two federally administered territories, India now plans to implement a slew of development projects for these territories. New Delhi set up a …
  • The long hunt for top talent at India Inc 12 Sep 2019 05:28 NEW DELHI | MUMBAI: Job postings for top executives are taking twice as long to decide than they did a year ago as companies cope with factors such as an adverse economic climate and technology disruption that are undermining business models, according to …
  • Corporate India’s financial health worsens for the fourth straight month 12 Sep 2019 05:00   The credit profile of Indian firms has worsened to a 20-month low, adding pressure on the government to come up with more measures to kick-start a sputtering economy. Debt quality deteriorated for the fourth straight month in August, the Care Ratings …
  • Modi's tryst with India's wealth creators 12 Sep 2019 04:19 'The private sector is now the engine for economic growth. 'Modi’s statement on Independence Day reflects an understanding of that truth. 'The issue for him is to create a dynamic for the corporate sector to grow and compete legitimately and …
  • Finance Minister assures industry of ‘all possible steps’ 12 Sep 2019 03:11 Union Finance Minister Nirmala Sitharaman assured the industry of possible measures to address sector-wise challenges, as well as a major push to infrastructure, in an informal meeting with industry captains from Tamil Nadu on Wednesday. The objective of …
  • DDCA All Set To Unveil Pavilion Stand After India's Most Successful Test Captain Virat Kohli 12 Sep 2019 01:04 The Delhi and District Cricket Association (DDCA) is set to unveil a new pavilion stand at the Feroz Shah Kotla after India captain Virat Kohli in Delhi on Thursday. The unveiling ceremony, to be held at the Weightlifting Hall of the Jawaharlal Nehru …
  • Going Subprime Isn’t the Answer for India’s Big Banks 12 Sep 2019 00:48 By Andy Mukherjee | Bloomberg September 11 at 8:12 PM Any financing that’s secured by collateral — steel mills, textile factories, power plants, roads or land — is in trouble in India. A multiyear investment slowdown has decimated credit quality. Now, the …
  • By 2025, India will become $5 trillion economy: Anurag Thakur 11 Sep 2019 20:31 Minister of State for Finance and Corporate Affairs Anurag Thakur (PTI Photo) Minister of State for Finance and Corporate Affairs Anurag Thakur on Wednesday asserted that by 2024-25 Indian will become a $5 trillion economy. He was in Vadodara to attend an …
  • Chiratae eyes first close of $150 million for latest India-focused fund 11 Sep 2019 18:45 Venture capital fund Chiratae Ventures is set to hit the first close of its fourth India-focused fund at $150 million, two people aware of the development said, on condition of anonymity. Chiratae, formerly IDG Ventures India, was founded in 2006 by Sudhir …
  • East India Company: the original corporate raiders 11 Sep 2019 18:05 In 1930, a book emerged by the young American historian and philosopher Will Durant that occasioned apoplectic outrage in British colonial India. The Case for India was a brief but savage indictment of the British Raj, written in indignant passion with the …
  • 'Where Is Plan To Get India Out Of This Decline, Gloom?' P. Chidambaram's Tweet From Tihar 11 Sep 2019 09:25 Former Finance Minister P. Chidambaram on Wednesday once again got his family to post a couple of tweets on his behalf, and the veteran Congress leader said he was "deeply concerned about the economy". Chidambaram was last week sent to Tihar jail …
  • No country for new cars: The millennial angle in India's auto slump 11 Sep 2019 09:02 Ola and Uber are back in the news again, this time in the context of a sector caught in its worst phase in memory. Finance minister Nirmala Sitharaman stirred a hornet's nest yesterday when she said that the Indian millennials' preference for Ola …