Indian share market nudged higher in opening deals on Thursday, helped by hopes of a rate cut by the Reserve Bank later in the day and a possibility of a trade deal between the US and China sooner than speculated. The RBI will announce its monetary policy decision at 1145 […]
States meets Nirmala, seek quick release of GST dues
Finance ministers of four states and officials from four others on Wednesday urged the Union government to clear dues towards compensation from the implementation of the Goods and Services Tax (GST) as they are facing financial difficulty. The appeal comes at a time when the Centre’s revenue collection numbers have […]
In early trade, Sensex down 120 points, Nifty opens at 11,950
Benchmark indices Sensex and Nifty started off on a weaker note on Wednesday tracking sharp losses in Asian markets amid growing uncertainties about US-China trade deal talks. Besides, investors seem to be be taking a cautious stance ahead of Reserve Bank’s monetary policy outcome, which is due on Thursday. The […]
Loans worth Rs 5 lakh cr, rise in income tax refunds may push up spending
Data released on Tuesday suggested that the government has continued to increase credit and liquidity in the system to tackle an economic slowdown, distributing loans of Rs 4.91 lakh crore across two months, and issuing income tax refunds of Rs 1.46 lakh crore till the end of November. State-owned banks […]
Modi govt considers easing foreign control rule to aid Air India sale
The government is considering amending a rule to allow overseas control of local airlines, according to a person familiar with the matter, which may help its indebted national carrier lure a foreign suitor after multiple failed attempts for a sale. At a meeting in early November, India’s Department for Promotion […]
Sensex falls 65 points in early trade on global trade worries
Equity benchmark Sensex fell over 65 points in early trade on Tuesday in line with global market sell-offs as investors panicked after the US decision to impose tariffs on Argentina and Brazil. The fresh trade war tensions along with unabated foreign fund outflows weighed heavily on the market sentiments, traders […]
Rupee rises 8 paise to 71.58 against US dollar in early trade
The Indian rupee on Tuesday appreciated by 8 paise to 71.58 against the US dollar, as investors were hopeful that the Reserve Bank will go for another rate cut to boost economic growth. Forex traders said, the domestic unit is trading in a narrow range ahead of the RBI monetary […]
Sensex rises 80 points in early trade, Nifty up at 12,081
Market benchmark BSE Sensex appreciated by over 80 points in early trade on Monday despite headwinds in form of weak GDP numbers, sliding rupee and rising crude prices. However, a rally in other asian stock markets supported the domestic market, dealers said. The 30-share index was trading 81.65 points, or […]
In 30 years, India to be among top 3 countries in innovation , says expert
India in the next 30 years will be in the top three countries in innovation and will drive global solutions for tomorrow due its entrepreneurial mindset, ongoing structural changes, move towards a formalised economy, expert on market competitiveness Amit Kapoor has said. Kapoor, who has authored NITI Aayog’s 2019 India […]
RBI likely to cut interest rates for 6th time after growth dips to 6-yr low
India’s deepening economic slowdown gives the central bank more reason to cut interest rates this week, adding to the fiscal stimulus already in the works. The Reserve Bank of India will deliver its rate decision on Dec. 5, days after a report showed growth collapsed to 4.5% in the July-September […]
PV sales decline 8% in November
Car sales in India are expected to have fallen 8% year-on-year (y-o-y) in November, contracting from an uptick seen during the festival month of October. Sales data issued by Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Mahindra & Mahindra Ltd (M&M), Tata Motors Ltd, Honda Cars India Ltd and […]
Sensex falls over 100 points ahead of GDP data
Market benchmark BSE Sensex dropped over 100 points in early trade on Friday tracking losses in in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release. Retreating from its lifetime peak scaled in the previous session, the 30-share index was trading 158.97 points, or 0.39 per cent, […]
Sri Lanka wants to undo deal to lease port to China for 99 years
Sri Lanka’s new government led by President Gotabaya Rajapaksa wants to undo the previous regime’s move to lease the southern port of Hambantota to a Chinese venture, citing national interest. Former Prime Minister Ranil Wickremesinghe in 2017 changed the terms, saying it would be difficult to pay the loans taken […]
Government seeks Parliament nod for Rs 21,246 cr extra spend
A day after indicating the possibility of a fiscal slippage, finance minister Nirmala Sitharaman on Thursday sought parliamentary approval for gross additional expenditure of Rs 21,246 crore, part of which will be used to recapitalize IDBI Bank Ltd and three state-run insurers. The government will use the funds to infuse […]
Tribal entrepreneur sets up her own pizza centre in Hyderabad under CMSTEI scheme
A tribal entrepreneur has realised her dream of setting up a pizza centre named ‘Cheesiano Pizza’ in Hyderabad under the first batch of Chief Minister’s ST Entrepreneurship and Innovation (CMSTEI) scheme. The eatery is set up by Kurasam Gautami, who graduated under the first batch of CMSTEI scheme in Hyderabad. […]