Business
G20 Finance Ministers to Meet in Germany Under America First Shadow
Finance ministers from the world's top nations gather in Germany on Friday as fears grow that US President Donald Trump could upend the global economic order with his America First policy.
Rupee Hits 1-1/2 yr High, Surges 78 Paise on BJP Sweep
The home currency resumed on a strong footing at 66.20 from last Friday's closing value of 66.60 at the Interbank Foreign Exchange (forex) market on heavy dollar unwinding from speculative traders and exporters tracking weekend developments.
NBFC Cash Loan Against Gold Restricted to Rs 25,000
Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said on Thursday.
Decision to Suspend Fast Track H-1B Visas to Hurt US Economy: Kaushik Basu
The decision of the United States to suspend fast-track H-1B visas will hurt India in the 'short run' but will hugely damage the American economy, former chief economist of the World Bank Kaushik Basu said on Thursday.
Cash Transactions Charges Most Retrograde Step: P Chidambaram
The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.
Air India to Raise $470 Million for Purchasing Four Boeing 787 Planes
The government-owned Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund acquisition of four Boeing 787 planes.
Sensex Closes Week With a Fall, First in 6 Weeks
The market's first weekly fall in six came after the Sensex on Friday stayed on the side of caution despite deep swings as it failed to completely shake off growing concerns about US Fed action later this month.
RBI Tells Banks to Hold Camps on Digital Payments From April 1
RBI on Thursday asked banks to organise special camps from April 1 to educate public about digitalp ayments through UPI and 99# (USSD) code platforms.
GDP Data Belies Exaggerated Claims of Note Ban Impact: Arun Jaitley
Buoyed by higher-than-expected GDP growth, Finance Minister Arun Jaitley on Wednesday said a 7 per cent expansion in third quarter belies exaggerated claims of note ban impact on rural economy.
Coal India Subsidiary to Buy back Shares worth Rs 1,244 cr
The equity shares proposed to be bought back by miner's subsidiary represent 4.2975 per cent of the existing paid-up capital of NCL.
Demonetisation Sucked in Cash Like Vacuum Cleaner: IMF Official
"While the financial system is expected to weather the currency exchange-induced temporary growth slowdown, the authorities should remain vigilant given the potential further build-up of NPAs and elevated corporate sector vulnerabilities, and ensure prude...
India's GDP Projected to Slow to 6.6% Due to Demonetisation Strains: IMF
India's growth is projected to slow to 6.6 percent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of "temporary disruptions" caused by demonetisation, International Monetary Fund (IMF) said on Wednesday.
Microsoft, Flipkart Announce Strategic Tie-up
IT giant Microsoft on Monday announced a strategic partnership with Flipkart, wherein as a first step, the online retailer will adopt Microsoft Azure as its exclusive public cloud platform.
Nasscom Summit: H1-B Visa Worries 'Hyped up', Says TCS Chief
In fact, he said these are exciting times for the IT industry given the exponential demand for technology as every business reorients itself.
Mukesh Ambani: Data the 'new oil', will trigger fourth industrial revolution
Reliance Industries rode the commodities boom that started in the 1980s but Mukesh Ambani has no qualms in admitting that data is the greatest natural resource today.
Amazon to Set up Two New Facilities in Coimbatore, Noida
Amazon Development Centre on Tuesday announced its plans to open two customer service facilities -- one each in Coimbatore and Noida in April and June, respectively.
