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May 22, 2019 2:13 PM

ILFS crisis: ED conducts fresh raids in Mumbai

The Enforcement Directorate today carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore Infrastructure Leasing & Financial Services, IL&FS, payment default crisis. Officials said the residences and offices of at least four directors of ...

May 22, 2019 7:44 AM

India to grow at 7.1% in FY'20: United Nations' report

A report by the United Nations says India's economy is projected to grow at 7.1 per cent in the fiscal year 2020 on the back of strong domestic consumption and investment. The report which was released yesterday said, the Indian economy expanded by 7.2 per cent in 2018. However, it said, GD...

May 20, 2019 4:40 PM

CSIR-NPL introduce Redefined International System of Units

Council of Scientific and Industrial Research and National Physical Laboratory, CSIR-NPL, today introduced redefined International System of Units for the country, on World Meterology Day.  The redefined systems are kilogram, kelvin, mole and ampere. The purpose of a system of units is to enable wor...

May 17, 2019 9:00 PM

Pakistani rupee tumbles to fresh life-time low against dollar

Pakistani rupee tumbled to a fresh life-time low of Rs 150 per dollar today amid rising demand for the greenback. The deterioration of the rupee followed a USD 6 billion assistance package by the International Monetary Fund (IMF) under strict conditions, including allowing more space to market force...

May 17, 2019 8:31 PM

Advisory Council of the 15th Finance Commission meet held today

The third meeting of the Advisory Council of the 15th Finance Commission was held in New Delhi today. During the meeting, the Council Members were d by the Commission on the progress made in terms of State Visits by the Commission and consultations with the RBI, bankers and financial institutions.  ...

May 14, 2019 5:46 PM

Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning

The public sector Indian Bank has registered a loss of 189.77 crore rupees in the last quarter, as compared to its previous quarter. Its Chairperson and Managing Director Padmaja Chunduru unveiled the bank's annual financial results today in Chennai. Later, addressing the media, she said, t...

May 13, 2019 6:59 PM

India's retail inflation picks up to 2.92% in April

Retail inflation rose marginally to 2.92 per cent in April this year, mainly due to the rise in food prices. According to the Ministry of Statistics and Programme Implementation data released today, the inflation based on the Consumer Price Index (CPI) was 2.86 per cent in the previous month and 4.5...

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