Services sector growth eases for 2nd straight month in May

Services sector growth in the country contracted for the second straight month in May and also registered the weakest rise since last November. The Nikkei Services Business Activity index, which maps the services sector activity, fell from 53.7 in April to 51.0 in May.Meanwhile, the Nikkei India Com...

Services sector growth eases for 2nd straight month in May

Services sector growth in the country contracted for the second straight month in May and also registered the weakest rise since last November. The Nikkei Services Business Activity index, which maps the services sector activity, fell from 53.7 in April to 51.0 in May.Meanwhile, the Nikkei India Com...

OPEC members talk production ceiling ahead of meeting<br/>

Economy can touch 8% growth with favourable monsoon: FinMin

Finance Ministry has said that economy can touch 8 per cent growth level if the monsoon is favourable. Talking to reporters in New Delhi yesterday, Economic Affairs Secretary Shaktikanta Das said, this year the projections for monsoon are good and he hoped that India will be able to reach 8 per cent...

Indian economy making good progress: Arvind Panagariya

With the Indian economy growing by 7.9 per cent, NITI Aayog Vice Chairman Arvind Panagariya today said that the country is making &quot;good&quot; progress. He said there is a good bit of turnaround today in the economy which was not in a &quot;great shape&quot; when the Narendra Mod...

Economy can touch 8% growth with favourable monsoon: FinMin

Finance Ministry has said that economy can touch 8 per cent growth level if the monsoon is favourable. Talking to reporters in New Delhi yesterday, Economic Affairs Secretary Shaktikanta Das said, this year the projections for monsoon are good and he hoped that India will be able to reach 8 per cent...

TRAI launches mobile app for subscribers to register complaints against pesky calls, SMSes

The Telecom Regulatory Authority of India (TRAI) has launched a mobile application for telecom subscribers to register their complaints against pesky calls and SMSes to tighten the noose on telemarketers. Talking to reporters in New Delhi yesterday, TRAI Chairman R S Sharma said, the new mobile app ...

ICICI Bank cuts lending rate by 0.05%

Country&apos;s largest private sector lender ICICI Bank has cut its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent, to take it at par with the rates offered by SBI and HDFC Bank. This will help reduce the rate of interest to new borrowers.Under the new rate structure effective...

India on upward curve of growth and good monsoon, GST passage will further accelerate it: Jaitley

Union Finance Minister Arun Jaitley today said India is on an upward curve of growth and a good monsoon, Goods and Services Tax (GST) passage and increased infrastructre and rural spending will further accelerate it.In an interview to news agency PTI in Tokyo, Finance Minister said, hopefully, GST b...

India's growth to remain 'strong';to hover around 7.5%: OECD

Organisation for Economic Co-operation and Development, OECD, has said that India is projected to see a growth of around 7.5 per cent in the current fiscal even as the world economic growth is stuck in a low-growth trap.OECD Secretary-General Angel Gurria said Weak trade growth, sluggish investment,...