Business
RBI Says Economy will Grow 7.4% Next Fiscal Year, Leaves Benchmark Interest Rate Unchanged
On November 8 the Prime Minister announced that the government was pulling out 500 and 1,000 rupee banknotes, 86% of the cash in circulation, in order to rein in counterfeit currency and smoke out black money. The move disrupted the economy, including a f...
What to Expect From RBI's All Important Monetary Policy Meeting
The central bank’s monetary policy committee, comprising Governor Urjit Patel and five other members will take a call on Wednesday on whether the key interest rate of the Indian economy, called the repurchase rate, ought to be cut or not. But, most financ...
Rate Hopes Spur Budget Rally, Sensex Soars to 4-month High
The Budget-induced optimism got a leg to stand on as the Sensex on Monday pushed higher for the fourth day by scoring 199 points to close at 28,439 — a 4-month high — after hopes built up that RBI may lower rate at its policy meet on Wednesday.
KPMG India Appoints Arun Kumar as Chairman and CEO
Leading professional services firm KPMG India has selected former US government official Arun M Kumar as its new Chairman and CEO.
Sensex Takes Breather From Post-Budget Rally, Slips 36 Points
The benchmark Sensex took a break from its two-day post-Budget rally in late morning trade, slipping 36.35 points amid bouts of profit-booking in key front line shares of consumer durables, auto, IT and FMCG sectors.
NABARD Sanctions Rs 157 Cr Loan to Haryana For Water Project
NABARD has sanctioned Rs 157 crore loan to the Haryana govt for implementation of a project for augmentation of drinking water supply scheme in 84 villages.
Sensex Slips 51 Points, NSE Nifty Below Key 8,700-mark
After Wednesday's strong momentum, powered by the Budget proposals, the benchmark BSE Sensex fell about 51 points in initial trading on Thursday due to a rush to take profit amid weak Asia cues.
Union Budget: Vijay Thadani On How It Will Impact The Education Sector
Vijay Thadani, Vice Chairman and MD, NIIT Ltd., talks to News18.com about the announcements made by Finance Minister Arun Jaitley on the education sector as a part of Union Budget 2017. Welcoming the announcements, he said it was time that attention shift...
Union Budget 2017: Computer Emergency Response Team Proposed to Check Cyber Frauds
Amid government's push on digital transactions, Finance Minister Arun Jaitley on Wednesday announced setting up of a Computer Emergency Response Team to strengthen security of the financial sector amid increasing incidents of cyber frauds.
Manufacturing PMI Rebounds From Demonetisation Downturn
Manufacturing sector rebounded from demonetisation downturn in January amid rising order books, production as well as buying levels and the expansion in the sector is likely to pick up pace in coming months, says a monthly survey.
Sensex Falls 194 Points as Economic Survey Lowers FY17 Growth Forecast
The recently introduced immigration restrictions by US President Donald Trump and the new legislation that aims to rework the H1-B visa programme dealt a blow to IT stocks, which saw a big fall.
Asian Shares Rattled by Donald Trump Policy Worries, Dollar Soft
Asian shares slipped on Tuesday as stringent curbs on travel to the United States ordered by President Donald Trump brought home to investors that he is serious about carrying out his controversial campaign pledges.
Sensex Climbs 174 Points; Best Weekly Gain Since May
Market barometer Sensex rallied for the fourth day to end at a 3-month high of 27,882 as February derivatives series got off to a strong start ahead of Budget next week, recording best weekly gains since May 2016.
Demonetisation, GST to Fetch More Revenues to Govt: Jaitley
Finance Minister Arun Jaitley on Friday put up a spirited defence of demonetisation, saying the drive "shook" the financial system for a short while, but will integrate the shadow economy with the formal in the long run and ensure better tax compliance.
Vijay Mallya Breathes Fire Against SEBI Ban Order
Beleaguered liquor baron Vijay Mallya has hit out at SEBI for barring him from securities market with regard to alleged fund diversion from United Spirits and termed the charges "baseless".
Budget Explainer: How is the Union Budget Made?
On February 1 Finance Minister Arun Jaitley will present the budget for fiscal year 2017-18. The making of the budget, which is the annual financial statement of the Union government, is a difficult balancing act even in regular circumstances. But this ye...