Business

January 14, 2020 9:44 PM

Hallmarking of gold jewellery, artefacts to be made mandatory

Thehallmarking of gold jewellery and artefacts will now be mandatory. Briefingmedia in New Delhi today, Food and Consumer Affairs Minister Ram Vilas Paswansaid that the government will issue a notification tomorrow regarding mandatoryhallmarking. He said, after the issuance the notification, the jew...

January 14, 2020 4:51 PM

WPI surges to 2.59 pct in December 2019

Wholesale prices based inflation surged to 2.59 per cent in December 2019, as against 0.58 per cent in November due to increase in prices of food articles like onion and potato.  The annual inflation, based on the monthly wholesale price index (WPI), was at 3.46 per cent during December a year ago. ...

January 14, 2020 8:38 AM

CCI orders probe against Amazon, Flipkart over discount practices

Fair trade regulator Competition Commission of India, CCI has ordered a probe against Flipkart and Amazon for alleged malpractices, including deep discounting and tie-ups with preferred sellers. The order follows a complaint filed by Delhi Vyapar Mahasangh, whose members comprise many traders dealin...

January 13, 2020 7:37 PM

Retail inflation jumps to about 5-yr high of 7.35 pct in Dec 2019

Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to rise in prices of vegetables as onions. As per the data released by National Statistical Office (NSO) today, the spike in inflation in the vegetable se...

January 12, 2020 7:36 PM

FPIs pull out Rs 2,416 cr from Indian capital markets in January

Adopting a cautious approach amid the US-Iran tensions, foreign portfolio investors (FPI) have pulled out around sum of 2,416 crore rupees from the Indian capital markets in January so far. As per latest depositories data, FPIs invested a net amount of 777 crore rupees in equities and pulled out aro...

January 10, 2020 7:53 PM

Industrial production grows 1.8% in November

The industrial output grew 1.8 per cent in November last year, turning positive after three months of contraction, on account of growth in the manufacturing sector. According to the National Statistical Office (NSO) data released today, the growth in the manufacturing sector was 2.7 per cent as agai...

January 10, 2020 6:28 PM

Government releases State Energy Efficiency Index 2019

Union Government today released the State Energy Efficiency Index 2019, which tracks the progress of Energy Efficiency initiatives in 36 States and Union Territories. Power Minister R K Singh released the index in New Delhi. The index is developed by Bureau of Energy Efficiency in association with A...

January 10, 2020 8:26 AM

RBI amends KYC norms, allows banks to use V-CIP

The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulate...

January 10, 2020 8:12 AM

India poised for exponential growth in aviation sector: Hardeep Puri

Civil Aviation Minister Hardeep Puri has said that India is poised for an exponential growth in the aviation sector. Speaking at the curtain raiser event for Wings India 2020 in New Delhi, Mr Puri said, there will be a structured privatisation as well. Wings India 2020 is an international exhibition...

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