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September 23, 2017 5:10 PM
Chief Economic Adviser Arvind Subramanian said today the economy is facing multiple headwinds and there is a need to attack them on various fronts. He said in New Delhi that the economy has lots of challenges ahead as growth is slowing down and investment not picking up. Mr. Subramanian said, there ...
September 23, 2017 12:59 AM
Finance Minister Arun Jaitley today said the process for Air India disinvestment is moving "quite well" and transaction advisers would be appointed soon. Speaking at an event in Mumbai today Jaitley, who is heading the ministerial group set up to decide on the modalities of the dis...
September 22, 2017 8:19 PM
The domestic stock markets tumbled on Monday. The Sensex at the Bombay Stock Exchange plummeted 448 points, or 1.4 percent, to close below the 32,000-mark, at 31,922. The Nifty at the National Stock Exchange tumbled 158 points, to end below the 10,000-mark, at 9,964.
September 22, 2017 2:04 PM
Union finance minister Arun Jaitley today said that stressed assets of banks in India is core area of concern for the government. He was delivering the keynote address at 70th Annual General Meeting of Indian Bank Association in Mumbai today.Speaking at the function, Mr. Jaitley assured banks that g...
September 21, 2017 8:41 PM
The rupee tumbled a whopping 54 paise to an over two and a half month low of 64(point)81 against the dollar.The rupee plunged after the US signal from central bank of a likely interest rate hike later this year triggered strong dollar buying by corporates and importers, and strengthened the dollar o...
September 21, 2017 2:52 PM
At the forex market, the rupee had tumbled sharply by 47 paise, to 64.73 against the dollar in afternoon trade on Thursday. The rupee slumped as the dollar strengthened against other currencies overseas, after the US Federal Reserve, or central bank, hinted at another interest rate hike by the end o...
September 21, 2017 1:36 PM
World Bank President Jim Kim has said India has been growing pretty robustly. Speaking at the Bloomberg Global Business Forum meeting in New York , Kim said Japan, Europe and the US along with India were growing and there was a levelling-out in developing countries. He called for more cooperation am...
September 21, 2017 12:53 PM
Government says, businesses that want to deregister their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights.A finance ministry statement said, the businesses will also have to print in indelible ink on containers in whic...
September 21, 2017 9:16 AM
The Supreme Court directed embattled real estate firm Unitech Residential Resorts Ltd to pay Rs. 80,000 each as compensation to 39 home buyers towards litigation cost and causing harassment to them.A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and AM Khanwilkar disposed off t...
September 21, 2017 7:44 AM
Government says, businesses that want to de-register their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights.A finance ministry statement said, the businesses will also have to print in indelible ink on containers in whi...
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