Business

April 28, 2016 8:48 PM

Sensex tumbles 461 points to close at 25,603

In the domestic stock markets, the Sensex tumbled below the 26,000-mark, amid a global market slide, today, while the rupee weakened modestly against the dollar. Giving up small initial gains, the Sensex at the Bombay Stock Exchange finally closed with a big loss of 461 points, or 1.8 percent, at 25...

April 28, 2016 8:00 AM

Fed keeps key rate unchanged, express confidence in US economy

The US Federal Reserve has kept interest rates between 0.25 per cent and 0.5 per cent, the rate it has held since December. The Fed said while conditions have improved, the central bank is still waiting for inflation to reach two per cent. In its statement the Fed said it would carefully monitor act...

April 28, 2016 7:35 AM

GST rollout, infra funding are difficult task before govt: Moody's

Implementation of the Goods and Services Tax, and bridging the large infrastructure deficit are difficult tasks before the Indian government, according to Moody's Investors Service.In a report, Moody's said a history of double-digit inflation, elevated government debt, weak infrast...

April 28, 2016 7:35 AM

Government taking steps to deal with mounting bad loans: Arun Jaitley

Finance Minister Arun Jaitley said the Joint Parliamentary Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament. Addressing the second meeting of the Consultative Committee on Non Performing Assets , NPAs yesterda...

April 27, 2016 8:42 PM

Government taking steps to deal with mounting bad loans: Arun Jaitley

Finance Minister Arun Jaitley today said the Joint Parliamentary Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament. Addressing the second meeting of the Consultative Committee on Non Performing Assets , NPAs, M...

April 27, 2016 7:46 PM

Removing cotton export subsidies to help developing nations: India

India has said, removing cotton export subsidies by developed nations would help the Indian farmers and also prevent dumping of the subsidized natural fibre in India.The World Trade Organization in its meeting in Nairobi last December had decided on elimination of export subsidies on cotton by the d...

April 27, 2016 6:48 PM

GST rollout, infra funding are difficult task before govt: Moody's<br/>

Implementation of the Goods and Services Tax, and bridging the large infrastructure deficit are difficult tasks before the Indian government, Moody&apos;s Investors Service said today.In a report, Moody&apos;s said a history of double-digit inflation, elevated government debt, weak infrastru...

April 27, 2016 5:26 PM

GST rollout, infra funding are difficult task before govt: Moody's<br/>

Implementation of the Goods and Services Tax, and bridging the large infrastructure deficit are difficult tasks before the Indian government, Moody&apos;s Investors Service said today.In a report, Moody&apos;s said a history of double-digit inflation, elevated government debt, weak infrastru...

April 27, 2016 5:26 PM

GST rollout, infra funding are difficult task before govt: Moody's<br/>

Implementation of the Goods and Services Tax, and bridging the large infrastructure deficit are difficult tasks before the Indian government, Moody&apos;s Investors Service said today.In a report, Moody&apos;s said a history of double-digit inflation, elevated government debt, weak infrastru...

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