Need new set of reforms to battle economic slowdown: Raghuram Rajan

Former RBI Governor Raghuram Rajan has called slowdown in the economy “very worrisome” and said the government needs to fix the immediate pr...

RBI guv says it’s time other banks linked loans, deposits to repo rate

Mumbai: After over a dozen public...

ShareChat raises $100mn in Series-D funding from Twitter, others

Mumbai: Regional social media pla...

July inflation eases to 3.15%; floods, Kharif sowing delay worry experts

New Delhi: Retail inflation eased ma...

Vehicle sales hits 19-yr low; industry seeks action to save jobs

Automobile sales in India witnessed its sharpest decline in nearly 19 years this July, dropping 18.71 per cent, rendering almost 15,000 workers jobless as the sector reels under a prolonged slump, auto industry body SIAM reported.

Reliance to make announcements for J&K, Ladakh soon: Ambani

Mumbai: Mukesh Ambani on Monday (August 12) announced that Saudi oil giant Aramco has agreed to take a 20% stake in his flagship Reliance Industries’ oil refinery and chemical business at an enterprise value of $75 billion (around ₹5,32,466 crore).

FM meets realtors, homebuyers; govt assures steps to boost liquidity, demand

New Delhi: The government on Sunday (August 11) said it will soon address issues affecting the real estate sector after industry bodies and homebuyers met Finance Minister Nirmala Sitharaman to flag their concerns regarding liquidity crunch, demand slowdown and stalled projects. The finance minister on Sunday held two separate meetings — the first with the...

South India has potential; customers ready for new: Harley Davidson MD

Chennai: Harley Davidson, the iconic American motorcycle manufacturer, considers south Indian market as one with the most potential set of consumers. Speaking at The Federal South India Media Summit Season 2 in Chennai on Friday (August 10), Sajeev Rajasekaran, managing director, Harley Davidson India, said, "Southern India is a land of immense potential...

OTT players push for vernacular, fresh content to expand reach in India

Chennai: Online streaming services, which are growing at a rapid pace in India, are now in a race to produce content in regional languages so that they can widen their reach, industry experts said at the South India Media Summit 2019.

TOP 5 FOR THE DAY

Extreme rhetoric not conducive to peace: PM Modi tells Trump

Prime Minister Narendra M...

Yediyurappa to expand cabinet tomorrow, to induct 13-14 ministers

Bengaluru: Nearly a month after assu...

Need new set of reforms to battle economic slowdown: Raghuram Rajan

Former RBI Governor Raghu...

RSS chief Mohan Bhagwat calls for dialogue on reservation

New Delhi: The RSS, the BJP, and the...

TN wants Aadhaar linked to social media profiles to curb fake news

Social media profiles of users need to be linked with Aadhaar numbers to check circulation of fake, defamatory and pornographic content as also anti-national and terror material, the Tamil Nadu government told the Supreme Court on Monday.

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Catch me if you can: Inside the movie piracy world

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Chendamangalam weavers knit life together post floods

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Vintage cars leave visitors awestruck at Chennai Heritage Auto show

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How this Thrissur man saved scores of animals from flood

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Kerala floods force tribals out of homes, forests

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Gokak Taluk needs a rebirth in Belagavi

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Most of my neighbours are dead, says Kavalappara landslide survivor

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Poll campaign amid floods sees new low in Maharashtra

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Industrial production growth slips to 2 pc in June

New Delhi: Industrial production growth dropped to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors, according to official data released on Friday (August 9). Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7% in June 2018. There was a slowdown in the manufacturing sector, wh...

Admitting slowdown, RBI lowers growth forecast to 6.9%

Mumbai: With the headwinds to growth rising from all around, Reserve Bank of India governor Shaktikanta Das on Wednesday admitted that the economy is in a slowdown mode, but termed it as cyclical and not structural one.

SBI lowers lending rates by 15 bps from Aug 10

New Delhi: Within hours of a steeper 35 basis points reduction in the repo rates by the Reserve Bank of India to 5.4 percent in its fourth consecutive step, the largest lender State Bank of India announced a 15 basis points reduction in its lending rates, effective on August 10 across all tenors. Also read: RBI cuts interest rate by 35 bps, EMIs likely to ...

RBI cuts interest rate by 35 bps, EMIs likely to come down

Mumbai: In an unusual move, the Reserve Bank of India (RBI) on Wednesday (August 7) reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy. The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate. Earlier this...

HSBC says CEO Flint steps down as it faces challenging geopolitics

Hong Kong: HSBC on Monday (August 5) announced its Group Chief Executive John Flint had stepped down after less than two years on the job, as the banking giant revealed decent first half profits but warned it faced "challenging" geopolitics. The surprise announcement came shortly before an earlier than expected results release in which the London-headquart...

Land value hike dampens the mood in Andhra’s real estate sector

At a time when there is uncertainty over the fate of the dream capital city Amaravati and several other infrastructure projects, Andhra Pradesh government’s decision to increase the land value and registration charges across the state has further dampened the mood. The real estate sector, which is already facing a slump, fears further decline in...

China no longer top trading partner of US

Washington: As a result of their ongoing trade, China is no longer the top trading partner of the United States and has been replaced by America's neighbours Mexico and Canada, according to a media report. In the first half of the year, Mexico was the top trading partner of the United States followed by Canada, the latest official data reveals, according to...

SBI Shanghai becomes first Indian bank to link up with China payment system

Beijing: The State Bank of India’s Shanghai branch is now connected to China’s National Advance Payment System (CNAPS), becoming the first Indian Bank to operationalise it, a senior bank official said on Friday (August 02). The CNAPS, launched in 2008 by People's Bank of China (PBOC) provides real-time settlement services for all payments cleared in main...

No takers for SAIL disinvestment plan, deadline extended

Chennai: With no investors showing interest, the Steel Authority of India Limited (SAIL) on Tuesday extended the deadline to submit the expression of interest for the proposed strategic disinvestment of three special steel producing units.

GST collections go up to ₹1.02L cr in July, but still fall short of target

Gross GST collections in July stood at ₹1.02 lakh crore, marginally up from June, official data showed on Thursday (August 1). The July 2019 mop-up was, however, 5.8 per cent higher than the ₹96,483 crore collected in the same month last year. Even though the July’s collection was higher than ₹99,939 crore collected in June, it was ₹10,000 crore...

South India Media Summit 2019: Top leaders to highlight potential of 5 southern state...

Top leaders from various industries will highlight the potential of five southern states in the second edition of South India Media Summit (SIMS) that will be held on August 9 in Chennai. The SIMS 2019 edition will be attended by V Narayanaswamy, Chief Minister of Puducherry, and K Pandiarajan, Minister of Tamil Official Language and Tamil Culture,...

Coffee Day Enterprises holds emergency meet, values businesses at ₹18,000 cr

Bengaluru: Hours after Coffee Day Enterprises Ltd’s chairman and managing director VG Siddhartha went missing on Tuesday (July 30), the company wrote to the stock exchange after holding an emergency meeting. With stocks falling by 20 per cent on Tuesday, the company, which employs around 18,000 people, shared the valuation of its subsidiary companies after...

Netflix’s new mobile-only plan heats up race for biggest OTT pie

With the launch of a ₹199 mobile-only plan in India, premium video streaming company Netflix has toughened the race to grab the biggest market share in the over-the-top (OTT) segment. About 70 per cent of the people in India watch videos on smartphones and OTT players including Hotstar, Amazon Prime and Netflix are eyeing a bigger share of the mark...

Mallya’s plea challenging confiscation of properties to be heard on Friday

New Delhi: The Supreme Court on Monday (July 29) agreed to hear on August 2 a plea of fugitive economic offender Vijay Mallya challenging the confiscation of properties belonging to the companies owned by him and his family members. A bench headed by Chief Justice Ranjan Gogoi took note of the submission of FS Nariman, appearing for Mallya, that the fresh ...

KITE to give technical assistance to govt offices in Kerala

Thiruvananthapuram: The Kerala Infrastructure and Technology for Education (KITE) is all set to provide technical assistance to government offices in the state to install Digital Signature in Free Software based Operating System. KITE has come-up with a system for integrating Digital Signatures in Free and Open Source Software (FOSS) based Operating Systems which i...

ICICI Bank posts Q1 standalone net profit of ₹1,908 crore

Mumbai: Improvement in asset quality led ICICI Bank to report a consolidated net profit of ₹2,513.69 crore for the June quarter on Saturday (July 27), against ₹4.93 crore profit in the year-ago period. On a standalone basis, the second largest private sector bank by assets reported a net profit of ₹1,908 crore against a ₹119 crore loss for June 2018. Th...

With GST rate cut, buying electric vehicles becomes a viable option

Chennai: In a bid to push electric mobility, the Goods and Services Tax (GST) Council on Saturday (July 17) slashed tax rates on electric vehicles (EVs) from 12 to 5 per cent, making EVs a viable option for customers looking to buy a car. The Council also reduced the GST rate on EV chargers from 18 to 5 per cent, effective August 1. It further made hirin...

Electric vehicle manufacturers welcome duty reduction

New Delhi: The auto industry on Saturday (July 27) welcomed the reduction in GST on electric vehicles (EVs) and chargers, saying it will help in creating an ecosystem that will encourage faster mass adoption of eco-friendly mobility. While terming the step as yet another bold move, the manufacturers, specially electric two-wheeler makers, sought similar re...

Link with Amrapali Group not first instance of Dhoni’s biz controversies

Mahendra Singh Dhoni’s cricket has always been simple. But, the same can’t be said about his business interests. Controversial deals, allegations of conflict of interest, and legal wrangles have been part of the intricate maze that Dhoni, his wife and partners have built over the years. Dhoni, as we know, is a man of varied interests. Sometimes,...

Facebook agrees to pay $5 billion penalty for privacy violations

Washington: Social media giant Facebook has agreed to "significantly enhance" its oversight practices and will pay a whopping $5 billion to the Federal Trade Commission as penalty for privacy violations, in the largest ever security fine imposed on any company for disregarding consumer information. In addition to paying the record $5 billion in penalty, Fac...