Credit Growth Enters Single-Digit Lane As Slump Spreads

Credit growth rate to the services sector more than halved to 13.3 per cent in August. Reflecting the deepening economic crisis arising from both structural and cyclical issues and a massive fall in consumption demand, bank credit growth rate, for the first time this financial year, slowed to single digit at 8.8 per cent to … Read moreCredit Growth Enters Single-Digit Lane As Slump Spreads

Modi-Xi could discuss roadmap to address widening trade deficit

MAMALLAPURAM, TAMIL NADU: Prime Minister Narendra Modi on Saturday will utilise opportunity at the second informal summit with Chinese President Xi Jinping to drive home the need for a roadmap to reduce the widening trade deficit. The Prime Minister is expected to convey to Chinese President New Delhi’s concerns over widening trade deficit. The volume … Read moreModi-Xi could discuss roadmap to address widening trade deficit

TCS Falls After September Quarter Earnings Miss Estimates

TCS shares traded 1.26 per cent lower at Rs 1,979.05. Shares of the country’s largest IT services company – Tata Consultancy Services (TCS) – fell as much as 3.76 per cent to Rs 1,929 on the BSE after company reported its September quarter earnings after market hours on Thursday. On the National Stock Exchange, TCS … Read moreTCS Falls After September Quarter Earnings Miss Estimates

Inflation Surged In September But Below RBI’s Target: Poll

Any previous sharp rise in onion prices has been painful for Indian policymakers. BENGALURU:  Retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it’s expected to remain below the Reserve Bank of India’s target, according to a Reuters poll. An extended monsoon has delayed harvests … Read moreInflation Surged In September But Below RBI’s Target: Poll

Tomato prices likely to normalise in 10 days

NEW DELHI: The prices of tomatoes are likely to normalise in next 10 days when supply from two major tomato growing states Maharshtra and Karnataka gets regular after disruption due to incessant rains during last few weeks. The prices of tomatoes have climbed to Rs 80 a kg in last few days burning pockets of … Read moreTomato prices likely to normalise in 10 days

Moody’s Cuts Growth Forecast For India To 5.8% This Fiscal Year

India’s growth fell to a six-year low of 5 per centin the April-June quarter. New Delhi:  Moody’s Investors Service on Thursday cut its growth forecast for India for the fiscal year that began in April to 5.8 per cent from 6.2 per cent and said a weaker growth outlook will dampen the prospects for fiscal consolidation. … Read moreMoody’s Cuts Growth Forecast For India To 5.8% This Fiscal Year

Why a third of the world’s consumers are suddenly nervous to spend

By Ari Altstedter, Carolynn Look and Qian Ye Down the street from Mumbai’s grand colonial-era Royal Opera House, Deepak Gurnaney sits in his small electronics shop in front of rows of flat screen TVs flashing Hindi-soap operas, while his four staff play with their phones. There are no customers. The 68-year-old used to need a … Read moreWhy a third of the world’s consumers are suddenly nervous to spend

Indiabulls Housing Finance’s Board To Mull Share Buyback On October 14

Mumbai:  Indiabulls Housing Finance’s board of directors would meet on October 14 to consider share buyback, the company said in a regulatory filing on Wednesday. “A meeting of the board of directors of the company will be held on Monday, October 14, 2019, to consider, inter alia, the proposal of buyback of equity shares of … Read moreIndiabulls Housing Finance’s Board To Mull Share Buyback On October 14

GST refunds denied to MNC back offices

New Delhi: A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refunds of amounts paid on inputs, saying the work done for parent companies can’t be considered as exports and will be counted as a service for the same entity. … Read moreGST refunds denied to MNC back offices

Government Extends Aadhaar Seeding Date For Pradhan Mantri Kisan Scheme

The mandatory requirement of Aadhaar seeding has been relaxed till November 30. New Delhi:  The Central government on Wednesday extended till November 30 the mandatory requirement of Aadhaar seeding to avail the income support of Rs 6,000 per year under the Pradhan Mantri Kisan Samman Nidhi Scheme. The move has been made to help the … Read moreGovernment Extends Aadhaar Seeding Date For Pradhan Mantri Kisan Scheme

Govt-industry delegation reaches out to Czech firms for scaling up investments in India

With India having ushered in one of the biggest reforms by way of slashing corporate tax, a high level government-industry delegation led by secretary in the department of heavy industry, A R Sihag is reaching out to top Czech companies, including Volkswagen and Skoda Transporation to scale up their investment in India, leveraging the country … Read moreGovt-industry delegation reaches out to Czech firms for scaling up investments in India

Live Market Updates: Sensex, Nifty Flat; Banking Shares Gains, ITC Stocks Fall

The Indian equity benchmarks were little changed as gains in banking, auto and FMCG shares were offset by losses in IT and metal stocks. HDFC Bank, ICICI Bank, Hindustan Unilever and Asian Paints were among the top movers in the Sensex. On the flipside, Reliance Industries, Tata Consultancy Services, HCL Technologies, Infosys and ITC were … Read moreLive Market Updates: Sensex, Nifty Flat; Banking Shares Gains, ITC Stocks Fall

Coking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept

NEW DELHI: Coal shipments handled by India’s 12 major state-run ports during April-September rose by 15.25 per cent to 29.29 million tonne (MT), according to a ports’ body. The state-run ports had handled 25.41 MT of coking coal cargo in the corresponding period of the previous fiscal. Shipments of thermal or steam coal, however, declined … Read moreCoking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept

GoAir Announces New International Flights, Details Here

The flights from Bengaluru to Singapore will be operational on Sunday, Monday, Wednesday and Friday. Passenger carrier GoAir has announced new international flights. The carrier will operate flights on the Bengaluru-Singapore and Kolkata-Singapore routes from October 18, 2019 at a starting all-inclusive price of Rs 6,999. The flights from Bengaluru to Singapore will be operational … Read moreGoAir Announces New International Flights, Details Here

Unplanned growth behind flooding woes, correcting ‘legacy issue’ with smart city plan: Prakash Javadekar

NEW DELHI: Flooding woes in various parts of the country stem from unplanned urbanisation rather than climate change and are a “legacy issue” that the government is correcting through its smart city programme, says Environment Minister Prakash Javadekar. Cities should have been planned better but that did not happen, Javadekar said during a recent interaction … Read moreUnplanned growth behind flooding woes, correcting ‘legacy issue’ with smart city plan: Prakash Javadekar

Your Fixed Deposit Fetches These Returns At Present. Compare Top Banks’ Rates Here

Fixed deposit interest rates: SBI revised its fixed deposit (FD) interest rates last on September 10 Top banks to the country currently provide a return of up to 7.5 per cent on fixed deposits up to Rs 2 crore. State Bank of India (SBI), Punjab National Bank (PNB), ICICI Bank and HDFC Bank offer interest … Read moreYour Fixed Deposit Fetches These Returns At Present. Compare Top Banks’ Rates Here

India to expand cotton assistance programme to 5 more African nations in 2nd phase

NEW DELHI: India will cover five more African countries in the second phase of its cotton technical assistance programme (TAP) for the region, Union minister Smriti Irani said on Monday. India implemented a technical assistance programme (TAP) for cotton in six African countries, namely Benin, Burkina Faso, Chad, Malawi, Nigeria and Uganda, from 2012 to … Read moreIndia to expand cotton assistance programme to 5 more African nations in 2nd phase

UK Completes Thomas Cook Repatriation Of Passengers

Britain’s government on Monday completed the country’s biggest peacetime repatriation that returned 140,000 UK-based Thomas Cook customers stranded abroad after the collapse of the holiday operator. The final flight arrived at 8.31 am, touching down at Manchester airport in northern England from Orlando, Florida, said a spokesman for the Civil Aviation Authority (CAA). The flight, … Read moreUK Completes Thomas Cook Repatriation Of Passengers

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