Industrial production contracts 4.3% in September, steepest in 8 yrs

India's Index of Industrial production (IIP) contracted 4.3 per cent in September. This is the steepest contraction of IIP since 2011 and ma...

Passenger vehicle sales rise marginally in October

New Delhi: Domestic passenger vehicl...

Slump in economic growth has bottomed out, says top govt official

India's economic growth i...

Taking steps to protect interests of employees: Air India chief

As the Air India employee...

Start-ups giving growth impetus to overall economy, says KPMG report

Chennai: The recent slowdown in the Indian economy not withstanding, start-ups are emerging and playing a crucial role of not only sustaining but also giving growth impetus to the overall economy, a KPMG report has said. The report titled "Fintech and Start-ups Fuelling India's USD 5-trillion economy" was released by Tamil Nadu Chief Minister K Palanisw...

Telcos reeling under revenue blow could do with some kindness

There was a time not long ago when the Indian telecom market had nearly a dozen players, rock bottom call tariffs and stiff competition among these numerous operators which kept subscribers happy. Then, Reliance Jio Infocomm entered the market in 2016 and the market dynamic began to change. From a crowded market dominated by voice services and nume...

Nirmala Sitharaman hints at booster measures to revive realty sector

Mumbai: Finance minister Nirmala Sitharaman on Tuesday (November 5) said that the government and the Reserve Bank are working to resolve the issues being faced by realty sector. Admitting that the realty sector has been left out of the booster measures announced earlier, she said that the sector has a spillover effect on many sectors, especially the cor...

Infosys to help Siemens Gamesa Renewable Energy digitalise its IT landscape

Bengaluru: Infosys on Monday announced a strategic long-term partnership with Siemens Gamesa Renewable Energy (SGRE) to support its digital transformation journey. Infosys will provide end-to-end IT infrastructure transformation of SGRE, including hybrid cloud transformation, roll-out of a software defined network, the set-up of an intelligent service desk...

Indian govt needs to undertake heavy disinvestment prog: Former RBI Dy Guv

New York: The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and agricultural reforms, former RBI Deputy Governor Viral Acharya said.

TOP 5 FOR THE DAY

Sena, Cong, NCP will work out a formula for govt formation: Uddhav

Mumbai: Even as the Congress and the NCP remained indecisive over extending support to a Shiv Sena-led government in Maharashtra, Sena chief Uddhav Thackeray on Tuesday (November 12) said that the three non-BJP parties will work out a formula for government formation in the state.

Maharashtra under President rule for 3rd time in 59-year history

After Maharashtra assembl...

YSRCP govt scraps Amaravati capital city startup area project

Andhra Pradesh's capital dream faces another setback after Singapore announced closure of the Amaravati capital city startup area project with “mutual consent” of the state government.

Congress slams governor for recommending President’s rule in Maharashtra

The Congress hit out at M...

Kerala HC directs police to conduct probe into killing of two suspected Maoists

Kochi: The Kerala High Court on ...

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NCP invited to form govt, Shiv Sena refused more time

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Trains collide in Hyderabad, five injured

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JNU students boycott convocation, protest against fee hike

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Bulbul crosses West Bengal, weakens into deep depression

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Modi hails Ayodhya verdict, Owaisi unhappy

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Major points of the apex court verdict on Ayodhya land dispute

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Cause and effect of rising sea levels

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Kamal Haasan, IAS: A reality averted by the actor

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What steps taken to help PMC Bank depositors, HC asks RBI

Mumbai: The Bombay High Court on Monday (November 4) sought to know from the Reserve Bank of India (RBI) what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank. A division bench of Justices SC Dharmadhikari and RI Chagla was hearing a bunch of petitions filed by the bank depositors,...

Germany to give India one billion euros over 5 yrs for green urban mobility projects

With her visit to the country coinciding with one of the worst air pollution spells in DelhiNCR, German Chancellor Angela Merkel on Saturday (November 2) pledged to invest 1 billion euros over the next five years on environment-friendly urban mobility in India. “We have agreed to co-operate on climate protection and green urban mobility and have...

Google to buy Fitbit to expand in wearable tech

Washington: Google agreed on Friday (November 1) to buy Fitbit for $2.1 billion in a deal giving the US tech giant a fresh entry in the wearable technology space and helping it ramp up its challenge to Apple.

India’s eight core industries’ output decline by 5.2% in September

Chennai: The indicator of India’s economy, the core sector output, of India contracted 5.2% in September. This is believed to be its worst performance in 14 years and also forebodes that the economy may have fallen further in the second quarter of the current financial year. The Index of Eight Core Industries, which measures output in coal, crude oil, na...

India manufacturing activity growth drops to 2-year low in Oct: Report

New Delhi: Manufacturing activity in the country continued to weaken in October, with factory orders and production rising at the weakest rates in two years, a monthly survey said on Friday (Novemebr 1). The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to a two-year low of 50.6 in October from 51.4 in Se...

IOC net profit falls 83% to ₹563 crore in Q2

New Delhi: State-owned Indian Oil Corp (IOC) on Thursday (October 31) reported an 83% in second quarter net profit on the back of slump in refinery margins and inventory losses. Net profit in July-September at ₹564 crore was 82.6% lower than ₹3,247 crore net profit in the year-ago period, IOC chairman Sanjiv Singh said. “The major reason for the decline in...

In mega expansion plan, Indigo places order for 300 Airbus jets worth $33 bn

Indigo has placed an order for 300 Airbus A320neo family aircraft worth $33 billion at sticker prices. The aircraft according to a Livemint report will replace the older A320ceo fleet by 2022 and operate non-stop flights to destinations such as London and Tokyo. The purchase will help Indigo expand its hold over the aviation industry, especially...

Microenterprises deserve a better deal from Modi government

Between 2010 and 2015, employment in non-farm microenterprises (excluding construction) grew from 108 million to 111.3 million, a compound annual growth rate of a pathetic 0.6%

SC decision on telecom revenue definition to weaken sector viability: Bharti Airtel

New Delhi: Telecom operator Bharti Airtel on Thursday (October 24) said the Supreme Court verdict on adjusted gross revenue will weaken viability of telecom sector, and the government must review its impact and find ways to mitigate financial burden on the already stressed industry. The Supreme Court judgement, allowing the centre's plea to recover AGR (re...

Infosys shares fall by 2%; US SEC initiate probe into whistleblower allegations

New Delhi: Infosys shares on Thursday (October 24) declined 2 per cent after Securities and Exchange Board of India (SEBI) and US Securities and Exchange Commission initiated probe following the whistleblower complaints. The scrip declined 1.95 per cent to ₹638 on the BSE. At the NSE, it fell 1.93 per cent to ₹638. On Monday, Infosys informed stock exchang...

India jumps 14 spots to rank 63rd on World Bank’s ease of doing business list

Washington: India has jumped 14 places to take the 63rd position on the World Bank's ease of doing business ranking released on Thursday (October 24), figuring among the top 10 performers on the list for the third time in a row mainly due to the successful implementation of the Insolvency and Bankruptcy Code. The country was 77th among 190 countries in the ...

Will probe allegations against Infosys CEO, CFO, says Nilekani

New Delhi: Nandan Nilekani, Chairman of Infosys said on Tuesday that the company's audit committee will conduct an independent investigation on a whistleblower's allegations about CEO Salil Parekh and CFO Nilanjan Roy.

‘Ethical employees’ accuse Infosys of fudging profit figures

Another whistleblower has surfaced at Infosys and this time has made far more serious allegations against the IT services’ giant, ranging from how certain measures were taken to boost profits to how critical information is hidden from the auditors and the board. A whistleblower group calling themselves as ‘Ethical Employees’, has alleged that it...

Nirmala says India will make blueprint for companies looking beyond China

Washington: India is planning to prepare a blueprint for international companies that are looking beyond China to make India as their preferred investment destination. Nirmala Sitharaman said that industry leaders, who are mulling to get their businesses out of China, are “considering India as the pitch”.

Two-wheeler exports rise 4% in April-Sept; Bajaj Auto leads the pack

Two-wheeler exports rose by over 4% in the April-September period of the current fiscal, with Bajaj Auto leading the segment by shipping over 9 lakh units to various markets, including Africa and Latin America, as per latest data by industry body SIAM. Two-wheeler dispatches, including motorcycles, scooters and mopeds, stood at 17,93,957 units i...

India discontent over lack of support for IMF quota increase

Washington: India on Saturday (October 19) expressed its disappointment over the lack of support to increase the quota structure of the International Monetary Fund (IMF). IMF quotas, which are the primary source of IMF funds, determine voting shares. Quotas are supposed to be reviewed every five years although these reviews can be delayed. India views "t...

IMF says corporate income tax cut will help revive investment in India

Washington: The International Monetary Fund (IMF) on Friday (October 19) backed India's recent decision to bring down corporate income tax and said that it has a positive impact on investment. "The monetary policy stimulus and the announced corporate income tax cut are expected to help revive investment," said Changyong Rhee, Director of Asia and Pacific De...

SC to hear plea seeking measures for insuring PMC Bank customers

Acting on a plea for interim protective measures for insuring around 15 lakh people whose money is blocked in the scam-hit Punjab & Maharashtra Co-operative (PMC) Bank, the Supreme Court on Wednesday agreed to an urgent hearing. The matter was mentioned for urgent listing before a bench of Justices N V Ramana, R Subhash Reddy and B R Gavai w...

Nirmala: Indian PSBs had worst phase under Manmohan, Raghuram Rajan

New York: Hitting back at noted economist and former Reserve Bank of India (RBI) Governor Raghuram Rajan, for his remarks that Modi's first term didn't do well on economy, Union finance minister Nirmala Sitharaman, on Tuesday (October 15), alleged that the Indian public sector banks had their "worst phase" under the combination of former Prime Minister Manmo...

After World Bank, IMF too lowers India’s growth forecast to 6.1%

Days after the World Bank cut India's growth forecast, the International Monetary Fund (IMF) followed suit, by lowering the projections to 6.1 per cent, down from 7.3 per cent it had projected in April this year. As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook projected India's growth rat...