Business
Rupee Gains Against Dollar in Early Trade Amid Foreign Fund Inflows
US President Donald Trump said the Federal Reserve's reluctance to cut interest rates was inhibiting economic growth, as the dollar index fel by 0.4 per cent.
India, US Must Utilise Mike Pompeo's Visit to Resolve Trade Frictions: USIBC
The US-India Business Council (USIBC) also said tariffs, forced localisation of data and other barriers to trade limit economic opportunities and adversely impact consumers in both the countries.
Nirmala Sitharaman's First Litmus Test as Finance Minister at GST Council Meet Today
While no big tax rate cut is planned, state ministers as part of the discussions on budget FY20 are expected to urge Sitharaman to consider issues of local importance.
Finance Ministry to Prepare Fresh Proposal for Air India Sale
The government last year invited bids to sell 76 per cent stake in Air India, along with transfer of management control. However, it did not attract any bidder. Following that transaction advisor EY prepared a report citing probable reasons that led to fa...
Circular Economy Likely to Generate 1.4 Crore Jobs in Next 5-7 Years, Says Niti Aayog CEO
Circular economy implies reusing waste back into the production cycle to produce new products and uses instead of wasting such materials with embedded resources.
In First Post-poll NITI Aayog Meet, CMs Demand More Central Funds to Deal With Agrarian Distress
Odisha's Naveen Patnaik and Assam's Sarbananda Sonowal were among the chief ministers who asked the government to focus on the agricultural sector.
Day After Attacks on Tankers in Gulf of Oman Stoked Tensions, Asian Stocks Hold Their Ground
US stocks rose after two days of declines, with energy shares rebounding on the back of crude oil's surge. Wall Street shares have had a strong run in June on hopes the Federal Reserve will ease monetary policy soon due to the escalating trade war with Ch...
Inflation Data Paves Way for Another Rate Cut, Say Nomura, Barclays, Deutsche Bank
Retail inflation rose to a seven-month high of 3.05% in May from 2.99% in April, mainly driven by an increase in vegetable prices.
Dash for Growth at Yoga Guru Ramdev's Patanjali Leads to Stumbles: Report
According to employees, suppliers, distributors and consumers, Patanjali's ambitions have been hobbled by missteps.
Sensex Falls Over 150 Points; Banking, IT Stocks Drag
Top losers include Yes Bank, Bajaj Auto, Bharti Airtel, HCL Tech, HDFC twins, Kotak Bank, TCS and Infosys, shedding up to 2.55 per cent.
Indiabulls Housing Finance Drops 8.5% After Allegations of Rs 98,000 Crore Scam
Indiabulls Housing Finance refuted the allegation, terming it as 'bizarre' and made by a 'racket of blackmailers'.
New NPA Norms Balanced, Offer Banks and Borrowers a Big Breather
Crisil said the revised framework which was released last Friday after the original one issued on February 12, 2018, was struck down by the Supreme Court earlier this year.
GST Council to Meet on June 20, May Fix Rs 50 Crore Turnover Threshold for E-invoice
Analysis of return filing shows that as many as 68,041 businesses have reported a turnover of over Rs 50 crore and accounted for 66.6 per cent of total GST paid in 2017-18.
SBI Lowers Rates on Large Savings Accounts, Short-term Loans After RBI’s Rate Cut
Since the repo rate has now changed to 5.75%, interest rates on deposits above Rs 1 lakh will come down to 3% compared with 3.25% earlier.
Hiring Activity to be Positive in 2019-20 Providing Opportunities For Freshers: Survey
Embracing the importance of artificial intelligence, healthcare sector will create 40 per cent of opportunities in terms of employability, followed by marketing and human resources, the survey revealed.
Confederation of Indian Industry Seeks Tax Rate Cut in Budget as Growth Slows
Economic growth slipped to 5.8 percent, its lowest rate for more than four years, in the January-March quarter, adding to pressures for fiscal stimulus from the government and a rate cut by the central bank.