Business
Budget 2018: Narendra Modi Govt Hopes to Make Peace With the 'Angry Farmer'
In many ways, 2017 was the year of the angry farmer. From protests in more than a dozen states, including Delhi, Rajasthan, Madhya Pradesh, Karnataka and Maharashtra, to voting patterns in Gujarat, farmers let their anger be known to the ruling masses.
TV18 Raises Stake in Viacom18 to 51%, Takes Operational Control
The JV partners believe that in the fast-evolving media and entertainment landscape in India, TV18 can drive value-addition and synergies across the multi-platform group comprising broadcast, digital, filmed and experiential entertainment and media busine...
Walmart in Talks to Buy Minority Stake in Flipkart, Says Report
A deal could be finalised as early as March and may involve primary and secondary sales by longstanding Flipkart investors, the report said.
Economic Survey Shows MSMEs Received Only 17% of Credit Outstanding
Showcasing the importance of the MSME sector in the Indian economy, the survey said, “the share of MSME sector in the country’s Gross Value Added (GVA) is approximately 32 per cent. MSMEs in India play a crucial role in providing large scale employment op...
IKEA Founder Ingvar Kamprad Dead at 91
Ingvar Kamprad, the founder of iconic Swedish flat-pack furniture firm IKEA has died, the company said on Sunday.
Markets at New Highs on Earnings Boost; RIL, ONGC Surge
Shares have been on a record-setting spree, bolstered by a string of better-than-expected corporate earnings and recent government measures, including a cut in the GST for certain sectors.
IMF, World Bank Laud RBI for 'Strengthening' Supervision
The International Monetary Fund (IMF) and the World Bank had released two separate main Reports of the 2017 India Financial Sector Assessment Programme (FSAP) in December 2017.
Govt Set to Hit Divestment Goal First Time Post ONGC-HPCL Deal
The higher receipt from disinvestment will help the government in sticking to its fiscal deficit target of 3.2 per cent of the GDP this financial year, which may see lower collections from the newly introduced Goods and Services Tax.
Government Restricts Imports of Petcoke for Users in Delhi Region
India is the world's biggest consumer of petroleum coke, better known as petcoke, which is a dark solid carbon material that emits 11 percent more greenhouse gases than coal.
Union Budget to Prioritise Agri, Infra Investments: Nitin Gadkari
The minister said that the government's ambitious infrastructure projects of roads, shipping, ports and inland waterways will be completed with an investment of Rs 8 lakh crore by March 2018.
Punjab Lost 40 Per Cent Revenues After GST Implementation: Minister
Calling for uniformity in tax rates of petroleum products, he said the issue would be taken up at the meeting of finance ministers of the northern zone on January 19, as states should not be seen as competing with each other.
Sensex Slips from Record in See-Saw Trade; IT Bucks Trend
The Sensex shed 72 points to end at 34,771.05, while the broader Nifty finished at 10,700.45 points, down 41.10 points.
Budget 2018: Remove Import Duty on Raw Materials: Stainless Steel Industry
In its pre-budget wish list, the Indian Stainless Steel Development Association (ISSDA) has sought removal of customs duty on key raw materials used in producing stainless steel.
Stocks Continue Record Run on Macro Data, Earnings Optimism
The benchmark BSE Sensex rose by 251.12 points to end at a new peak of 34,843.51. The broader Nifty gained 60.30 points to finish at a fresh record high of 10,741.55.
Prime Minister Narendra Modi to Encapsulate Making of New, Innovative India in Davos
In his first appearance at the WEF Annual Meeting — PM Modi is expected to talk about his experience with 'cooperative federalism' in India while urging the world for a collective crackdown on terrorism, economic imbalances, cyber threats and various soci...
FDI Norm Relaxation to Attract More Investments: CII
Commenting on the relaxations made in the single brand retail trading sector, Shardul Amarchand Mangaldas Partner Akila Agrawal said that the government has further relaxed the local sourcing norm for India operations.