Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI
The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.
More Measures To Be Announced To Propel Economic Growth: Finance Minister
The government on Friday eased FDI rules in digital media, single brand retail, coal-mining and contract manufacturing.
NSE co-location case: SEBI exonerates 3 former executives, seeks action against 2
With New FDI Rules, India Seeks To Gain From US-China Trade War: Report
The Sino-US trade war has also rattled global automotive supply chains and affected big automakers.
Govt to develop 40 new HSN codes for technical textiles sector
Currency In Circulation Jumps 17% To Over Rs 21 Lakh Crore In FY19: RBI
The demand for the Rs 500 bill has soared the highest and now accounts for over 51 per cent of the value of currency in circulation, said the report.
Client securities: Sebi extends deadline by a month to implement new provisions
Sebi exonerates three former NSE executives, seeks action against two
NSE has been directed to initiate enquiry against these two employees and submit a report to Sebi within six months from the date of the order.
India to woo foreign firms like Apple to capitalise on US-China trade war
The trade war has rattled global automotive supply chains and affected big automakers too.
Systemically important NBFCs to come under tighter RBI scrutiny
RBI will make concerted efforts this year to strengthen supervision of NBFCs.
Mukesh Ambani’s Jio May Control 45% Of Market By 2022: India Ratings
Mukesh Ambani stormed into the industry in 2016 and has bet his carrier can outlast rivals while offering some of the lowest prices for services and handsets.
General Electric wins partial dismissal of shareholder lawsuit
Judge Jesse Furman, however, granted the shareholders permission to amend their complaint. The class-action lawsuit, originally filed in November 2017, consolidates six cases that sought to hold GE and its senior leaders accountable for falling profits in recent years.
Ganpati mandals insurance sees flat growth as organisers go for cost-cutting
All the mandals (organisers) put together have taken about Rs 610 crore of insurance cover this season.
US companies in China say they’ve been hurt by trade war
In the US-China Business Council’s annual survey, out Thursday, 81 per cent of companies say they’ve been affected by US-China trade tensions, up from 73 per cent last year.
India generates 9.46 mn tonnes of plastic waste annually: Study
The study has been conducted by Un-Plastic Collective (UPC), a voluntary multi-stakeholder initiative to eliminate plastic pollution in nature and move towards a circular economy.
US to keep 8,600 troops in Afghanistan after deal with Taliban: Donald Trump
Trump also warned that if another attack on the United States originated from Afghanistan.
Air India Express, Alliance Air to ban single-use plastic from October 2
In his Independence Day speech, Prime Minister Narendra Modi had urged people to shun single-use plastic.
Board Meetings Today: YES Bank, ONGC, SAIL, BPCL, Dabur India and Hindalco
There are corporate actions that often bring material changes to a company, directly affecting stakeholders.
Sebi clean chit is one issue less for Sun Pharma to worry about
It took Sebi around eight months to investigate the whistle blower complaint.
Adani Green Energy gains 10% on acquisition of solar assets from Essel Green
The closing of the transaction is subject to customary approvals and conditions.
Gruh Finance rallies 8% as HDFC eyes further stake sale
HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger.
Beijing refuses to ‘budge’ on South China Sea: Philippines
China claims most of the contested sea, including waters close to Philippine shores, and has rejected a UN-backed international tribunal ruling that said its assertion to the Sea is without legal basis.
India’s Growth Slowdown Set to Deepen as Consumers Buckle
Finance Minister Nirmala Sitharaman is still considering whether to use the windfall from the central bank to cut borrowings or boost spending.
SIS posts strong revenues on rising demand
Some of the companys clients have increased security budgets due to rising perception of risk.
YES Bank climbs 3% as board considers fund raising
The board meeting has come at a time when Moodys downgraded the lenders rating.
L&T JV bags order for THDC India’s super thermal power project in Uttar Pradesh
L&T-MHPS Boilers (LMB) is a joint venture of Larsen a Toubro (L&T) and Mitsubishi Hitachi Power Systems (MHPS).
ICRA tumbles 5% after terminating CEO Naresh Takkar
In the release filed with the exchanges, the company’s board of directors also stated that they will commence a search for a replacement.
There must be enough civility in public life for differing streams to hear each other: PM Modi
Addressing the Manorama News Conclave in Kochi via a video link from here, Modi said that there should be continuous dialogue in society .
Leasing by flexible workspace operators likely to touch 8.8 million sq ft this year: report
Bengaluru leads the flexible workspace stock with around 6 million sq ft
Wipro shares gain on partnership with Google Cloud
The company expanded its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises.
Apple may still find it difficult in India despite eased regulations
While the government’s step is incrementally positive for the company, it may not result in an immediate strategic shift from Apple’s side.
SBI To Offer New Repo-Linked Home Loan Rates From September 1
State Bank of India (SBI), the country’s largest bank, recently announced the launch of repo-linked home loans at interest rates starting from 8.05 per cent.
PM Modi says 12,000 Ayush centres to be set up across India
Self-driving pickup service to be launched in Shanghai by DiDi
DiDi Chuxing has won permits from the Shanghai government on Wednesday to test its self-driving fleet, Chinese ride-hailing giant, DiDi Chuxing.
RBI’s worked hard to deliver the bonanza to govt
In FY18, RBIs surplus was Rs 50,000 crore, and in the DeMo year, it was merely Rs 30,600 crore.
GDP Growth Likely Stood at 5.7% In June Quarter:
The government will today release data on GDP or gross domestic product for the quarter ended June 30 today.
Rashesh Shah sees growth returning post March 2020
Optimism is now coming back that the slowdown should get arrested pretty soon.
Happy Birthday, Warren Buffett! At 89, his wisdom just right for beaten-down D-Street
NTPC creates separate company for coal mining
State-owned power giant NTPC on Friday announced incorporation of a subsidiary NTPC Mining Ltd, paving the way for its foray into commercial coal mining.
Unemployment rate among Indian women more than double of men: Study
The unemployment rate among women in India is more than double of that of men with similar qualifications, a new study has revealed. Titled “Gender Inclusion in Hiring in India”, the study by two Harvard students, Rachel Levenson and Layla O’Kane, noted that 8.7 per cent of working-age urban, educated women in the country are unemployed but only 4 per cent of comparable men find themselves without a job.
April-July Fiscal Deficit Crosses 77% Of Budgeted Target
Net tax receipts in the first four months of the fiscal year were Rs 3.39 lakh crorerupees, while total expenditure was Rs 9.47 lakh crore rupees, government data showed.
Loan Recoveries Have Hit Recover Levels: Nirmala Sitharaman
The Finance Minister said gross non-performing assets (NPAs) – or bad loans – have come down from Rs 8.65 lakh crore to Rs 7.90 lakh crore.
GDP Data To Be Released Shortly
The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months.
DHFL Board Approves Plan To Convert Debt Into Equity
DHFL’s struggles also come as the domestic banking sector still grapples with nearly $150 billion of stressed assets.
Gold Prices Fall By Rs 500 On Easing Demand
Globally, gold was trading lower at $1,526.80 an ounce in New York, while silver was up at $18.52 an ounce.
“Overall Recovery May Take Couple Of Quarters”: Experts On GDP Growth
India’s economy had annual growth of 5.0 per cent in the April-June quarter, the slowest in more than six years.
Government To Infuse Rs 55,250 Crore In 10 State-Run Banks
Ms Sitharaman also said that loan recovery of PSU banks was at record levels as Rs 1.21 lakh crore was recovered by the banking system.