Business
Govt Should Hike Public Sector Spending; Incentivise Private Companies for New Projects: ICRA
In addition, higher budgetary allocation for key implementing agencies like National Highways Authority of India (NHAI) is a necessity, it added.
Homebuyers Body Wants Rs 10,000 Crore 'Stress Fund' in Budget to Complete Stalled Projects
In its budget recommendation to the finance minister, Forum For People's Collective Efforts (FPCE), earlier knows as Fight for RERA, also demanded that home buyers should be categorised as primary secured creditors.
In 2nd High-profile Exit in Six Months, RBI Deputy Governor Viral Acharya Resigns Before Term Ends
Acharya submitted a letter a few weeks ago saying he was unable to continue his term beyond July 23 due to unavoidable personal circumstances, the RBI said.
Jet Airways: Etihad's Demands for Open Offer Waiver and Slots Assurance Not Feasible, Says SBI
SBI Chairman Rajnish Kumar on Thursday had defended the lenders' decision to take Jet Airways for bankruptcy, saying it was a 'last effort to find a resolution' for the grounded airline.
Rupee Surges by 24 Paise to Close At One-week High on Hopes of US Rate Cut
The rupee rose to a high of 69.35 to the dollar in the day trade on the US Federal Reserve's comments that a case for a rate cut has strengthened in view of the US-China trade war and low inflation.
Apollo Hospitals Shares Jump Nearly 4% After Company Quits Insurance Business
Apollo Hospitals Enterprise sold its 50.8% stake in Apollo Munich Health Insurance to HDFC for Rs 13,336 crore in a transaction that would lead to an HDFC-Apollo Munich merger.
Rupee Sees High Volatility Against Dollar After US Top Bank Sticks to Old Interest Rates
Forex dealers said foreign fund outflows, weak opening of domestic equities and rising crude oil prices, in tow with the unchanged interest rates by the US Federal Reserve, weighed on the local unit.
RBI Slaps Rs 10 Lakh Fine on South Indian Bank
The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender, the Reserve Bank said in a statement.
Rupee Up to 2 Paise to 69.68 Vs Dollar Ahead of Fed Policy Decision
At the interbank foreign exchange (forex) market, the domestic currency opened at 69.57 to a dollar and gained further strength to touch a high of 69.49 during the day. However, it could not hold on to the gains and finally ended at 69.68.
Yes Bank Shares Drop by Another 5% to Hit Lowest Level in Five Years
The stock has lost over 70% of its value in the last year, with a major portion of the correction happening after former chairman Rana Kapoor was asked to step down by the Reserve Bank of India (RBI) earlier.
FinMin Assesses Capital Needs of PSU Banks; Budget May Make Provision for Rs 30,000 Crore
The first budget of Modi 2.0 government is scheduled to be presented on July 5 by Finance Minister Nirmala Sitharaman on the backdrop of India's economy hitting 5-year low growth of 6.8 per cent in 2018-19.
Sensex Drops Over 150 Points; Nifty Slips Below 11,800-mark
Top losers in the Sensex pack in early trade included Vedanta, Tata Steel, RIL, Coal India, Axis Bank, Hero MotoCorp, Tata Motors and Kotak Bank, shedding up to 2 per cent.
No Ban on Corporates in MSME Clusters, No Trust Deficit between Govt and Industry: Gadkari
Nitin Gadkari said the ban on the entry of private players in the MSME sector has been lifted to pave way for formation of 700 clusters to reduce dependence on imports as well as for job creation.
Sensex Drops Over 150 Points in Early Trade Amid Weak Global Cues
Top losers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Bajaj Auto, Kotak Bank, Hero MotoCorp, Sun Pharma, ICICI Bank, M&M, RIL and Tata Motors, shedding up to 2 per cent.
Cut Corporate Tax, Simplify Taxation, Revive Infra Investment: India Inc’s Demands to FinMin Ahead of Budget
Representatives of industry chambers made suggestions during their customary pre-budget consultation with Finance Minister Nirmala Sitharaman, who will present the first Budget of the Modi 2.0 government on July 5.
Indiabulls Housing Moves SC for Listing of Plea Against It Alleging Misappropriation of Funds
Senior advocate A M Singhvi mentioned the matter for urgent listing before a vacation bench comprising justices Indira Banerjee and Ajay Rastogi.
