Topics: India

RBI is purchasing dollars through state-run banks

Reserve Bank of India, also known as (RBI) is buying dollars in the market through state-run banks. Four traders, familiar with the update, said, "It...

Union Power Minister: No power crisis in India

Declaring that there is no power crisis in the country, Union Power Minister R K Singh on Thursday said India has installed power generation...

Finance Minister Nirmala Sitharaman introduces "Insolvency and Bankruptcy code" bill in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy...

"India's economy to be at 4.3% in Q4 2019", says Nomura

India's economy is expected to grow at 4.3 percent in December quarter this year amid concerns over crisis in the NBFC sector, according to...

Hyundai Motor to get price hike from January

India's largest automaker Hyundai Motor India has announced that, "It will increase the prices of its entire product range from next month." In a statement,...
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Aditya Birla Fashion appoints Himanshu Kapania as company's vice chairman

India leading fashion and retail giant, Aditya Birla Fashion and Retail Ltd, has announced the appointment of Himanshu Kapania as vice chairman of the...

Priyanka Gandhi: "Modi Government waiving loans of his rich friend's, by cutting education budget"

Congress leader Priyanka Gandhi Vadra on Monday hit out at the Centre over reports that there would be a significant cut in the school...

Union Labour Minister Santosh Gangwar: "2.72 cr male, 1.56 cr female registered as job seekers in the country"

There are 2.72 crore male and 1.56 crore female job seekers who have registered with employment exchanges across the country, Union Labour Minister Santosh...

Kumar Mangalam Birla: Vodafone-Idea may opt for insolvency in absence of government relief

Kumar Mangalam Birla, the Chairman of Aditya Birla Group on Friday, said that "Vodafone Idea will shut the shop and opt for insolvency if...

Triumph motorcycle records 10% Y-o-Y growth in retail sales in India.

UK motorcycle manufacturer, Triumph Motorcycle has recorded a 10% year on year growth in retail sales in India. In an interview with India-based newspaper, Economic...
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Government's new privacy bill may force social media platforms to offer user verification option: Reports

Government's proposed new privacy bill may require large social media platforms to offer an identity-verification option, a potentially precedent-setting effort to rein in the...

Zeta appoints Visa’s executive Murali Nair as President of its banking business

Bengaluru settled fintech startup Zeta has announced the appointment of Visa’s Murali Nair as the president of its banking business. Murali Nair, who holds 26...

Dhruva Space secures Rs 5 crores in collective funding from Mumbai Angels, Ravikanth Reddy, and others

A Hyderabad-based end to end solution provider for building small satellites, Dhurva Space has secured Rs 5 crores in a collective angel round funding...

India making sixth interest rate cut, still no cure for economy

Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but...

RBI's subsidiary DICGC says, "Depositors in failed and liquidated bank to get only Rs 1 lakh as insurance cover"

Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts,...
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CAIT calls Amazon, Flipkart as 'Economic terrorists'

Traders' body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them "economic terrorists," and demanded that the government take action...

Hinduja's Ashok Leyland sales dip by 22 percent in November to 10,175 units

India's largest automaker giant Ashok Leyland has reported a decline of 22 percent in total commercial vehicle sales at 10,175 units in November. In a...

Walmart partners with HDFC Bank launches co-branded credit card for members of Wholesale B2B cash & Carry stores

HYDERABAD: Walmart India, in partnership with HDFC Bank, on Monday launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale...

Government extends mandatory roll-out date for FASTag to Dec 15

The government on Friday extended till Dec 15 the date for making FASTag mandatory for toll payments on national highways. It said it will now...

India take 222 hours on average to detect and investigate cyberattacks: Study

Organisations in India take 222 hours on an average to detect, triage and investigate an attack, making them much slower than the global average...
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Union Minister Nitin Gadkari calls carmakers to focus on alternative fuel vehicles

Terming huge crude oil import a "big economic challenge" for the country, Union Minister Nitin Gadkari on Wednesday urged automakers to focus on alternative...

Government raises the authorised capital of FCI to Rs 10,000 crore

In an attempt to infuse the additional capital in its state-owned company, the Government of India has increased the authorised capital of Food Corporation...

Indian Railways has generated Rs 139.20 crore from sale of platform tickets in 2018-19

Railways earned Rs 139.20 crore from the sale of platform tickets in 2018-19 and Rs 78.50 crore till September this fiscal, the ministry informed...

Sitaram Yechury: Narendra Modi Government must bring a white paper on the status of Indian economy

CPI(M) general secretary Sitaram Yechury on Wednesday demanded that the government bring out a white paper on the status of the economy referring to...

India’s forex reserves increase by $441 million to a new lifetime high of $448.2 billion

India's forex reserves rose by $441 million to a fresh lifetime high of $448.249 billion in the week to November 15 on an increase...
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Reports: Indian education institutions attacked most by hackers

Education domain is one of the most "at-risk" industries in India, with the sector accounting for more than 30 percent of cyber threats targeting...

SBI report: Retail inflation may average at 4 percent in FY20

Surplus rainfall in August and September is likely to keep food and vegetable prices elevated going forward, and retail inflation may average at around...

Centre to impose 25% safeguard duty on imports of single-mode optical fiber

The Centre is considering a 25 percent provisional safeguard duty on the import of single-mode optical fibre, used for signal transmission. This follows a Commerce...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...

India, US optimistic about inking trade deal before year-end: Senior Indian Diplomat

India and the US are “quite optimistic” that they will ink a trade deal before the end of this year, a senior Indian diplomat...
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