Business Blogs News - Page 18

Demonetisation three years on: Were objectives of Narendra Modi's big economic move achieved? Jury is still out

Digital payments that surged during the heady days of demonetisation have proved to be a flash in the pan given the resurgence of cash once they became available in ample quantities.

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’; cites increased risks to economic growth recovery

If nominal GDP growth does not return to high rates, Moody's expects that government will face very significant constraints in narrowing general budget deficit and preventing a rise in debt burden

Nirav Modi tells UK court, 'Will kill myself if extradition is ordered' after fourth bail plea rejected; was 'beaten up' in prison

Modi's fresh bail application was challenged on the grounds that there had been no material change in circumstances from the previous three occasions

Slowing domestic economy spells tough times ahead for rupee against dollar in 2020: Reuters poll

The RBI, the most aggressive major central bank in the world this year for easing, is expected to cut the repo rate at its sixth meeting in a row in December, a <em>Reuters</em> poll showed last month,

India's jobs crisis: It's no more about who's responsible, it's about what we do now to arrest precipitous slide

The Narendra Modi government, very prickly about criticism on the economy, has been defending the problem of job deficit by picking the methodology that suits its counter-narrative, using the EPFO-based methodology.

Airtel and Vodafone-Idea are indeed victims of their greed; govt shouldn't reward them by easing penalties, leave free market forces to play out

The Supreme Court has delivered the coup de grace on a struggling telecom sector by ordering Vodafone-Idea and Bharti Airtel to cough up revenues worth approximately Rs 1.33 trillion as part of AGR dues that the companies were contractually bound, but had so far refused to share with the government

Moneycontrol Pro active subscriber base crosses 100,000

To subscribe, log on to www.moneycontrol.com or the Moneycontrol app

Sensex rallies over 269 points to hit fresh record peak of 40,435, Nifty nears 12,000-mark; Vedanta, Tata Steel, ICICI Bank, among top gainers

The BSE Sensex rallied over 269 points to hit its intraday peak of 40,434.83 in early trade on Monday

Auto sales data debate: Why Anand Mahindra's call to industry to move to retail sales volume reporting makes good sense

Anand Mahindra might not have put it in so many words but the car industry must have a consumer focus is the unstated message.

Supreme Court order to recover Rs 92,641 cr in AGR massive blow for Airtel, Vodafone: Kotak

Both Airtel and Vodafone Idea, in their respective press releases post-the SC judgment, have appealed to the government to review the impact of the verdict on the industry

Reliance Jio sends new letter to telecom minister, says COAI only serving interests of Airtel, Vodafone Idea

Reliance Jio alleged that by continuing its partisan behaviour and by not taking in to account its views the association is going against the judgment made by the Supreme Court on AGR

SpiceJet chairman Ajay Singh pledges 2.78% shares to secure credit facility for airline

With the latest pledge of shares, a total of 26.32 percent shareholding of Ajay Singh's is now encumbered

Supreme Court verdict on AGR a clear setback for telecom firms, but they long ignored warning signs

The Supreme Court verdict is also a shot in the arm for the government which is looking for additional resources

HDFC Bank net banking facility not functional: Account holders take to Twitter to register protest; ask bank 'all fine guys'?

'We apologize, but this facility is temporarily unavailable. Please try later', says the HDFC Bank netbanking site

Seven candidates shortlisted for RBI deputy governor's post after Viral Acharya's exit; interviews to be held on 7 November

The post had fallen vacant after Viral Acharya resigned in Julysix months before the end of his term. The Reserve Bank has four deputy governors

ShopClues inks all-stock deal to merge with Singapore-based e-commerce platform Qoo10

ShopClues (which is registered as Clues Network) posted losses of Rs 208 crore for the year ended March 2018.

Employment registers a first-time decline by 9 mn in 6 years; joblessness among educated youth up 8.8 percent, reveals study

For the first time in the country's history, total employment declined to 9 million between 2011-12 and 2017-18 revealing an unprecedent trend

ITR filing deadline extended in Jammu and Kashmir, Ladakh Union Territories to 30 November

ITRs filed by individual taxpayers, post the set deadline of 31 August, will be considered valid till 30 November

Telecom firm auditors should have insisted on making provisions for AGR instead of taking ostrich-like approach

The telecom industry, which was peeved with the one-time license fee regime that ruled the roost till 1999, is not satisfied with the strict implementation of the revenue sharing regime either

Paytm e-commerce narrows losses to Rs 1,171 cr in FY19; focuses on building online-to-offline business channels

Paytm e-commerce, which is locked in a battle with giants like Amazon India and Walmart-backed Flipkart, clocked about 25 percent jump in total revenue at Rs 968.16 crore in 2018-19

PSU banks extend Rs 2.56 lakh cr support to stressed NBFCs by credit, pooled buyout since September 2018

Under the partial guarantee scheme, PSU banks have been accorded sanction to purchase Rs 21,580 crore worth of pooled assets as on 16 October

Vodafone preparing to exit India operations as telecom firm reels under $14 bn debt, mounting losses: Report

Vodafone's market capitalization is a measly Rs 11,091 crore, while the investments have been several billions of dollars, according to news reports

AGR debate: Did telcos keep shareholders in dark about potential impact on their finances and fail to make provisions?

Even when telcos stopped paying their share under the AGR and litigation began, the industry’s gross revenue was growing rapidly between 2004 and 2015

Reliance Jio writes to telecom minister; says telcos have sufficient capacity to pay dues after SC verdict on AGR

Strongly opposing a bailout of telecom companies at taxpayers' expense, Reliance Jio on Thursday wrote to Telecom Minister Ravi Shankar Prasad saying firms that have been ordered by the Supreme Court to pay past statutory dues have "sufficient" financial capacity to clear their liabilities

HDFC acquires 9.89% stake in Bandhan Bank as part of merger scheme; over 15.93 cr shares transferred to mortgage firm

Earlier this month, Bandhan Bank merged with Gruh Finance, which brought down the shareholding of the promoter from 82.26 percent to 60.96 percent.

Centre proposes amnesty scheme for gold to unearth black money; fine on yellow metal held above fixed quantity: Report

According to news reports, there will be a fine on gold above a fixed quantity under the proposed scheme. Details of the scheme have yet to be revealed

CARE downgrades rating on Vodafone Idea's loans in view of SC's AGR verdict

The Supreme Court, last week, had upheld the government's way of computing the telecom revenue, from which dues like licence fee and spectrum usage charges are derived

IndiGo's order for 300 A320neo family aircraft will secure future supply of aircraft for carrier into next decade, assure sustainable cash flow

The new order will also bulk up IndiGo’s ability to create a sustainable network in the region and expand further

Bandhan Bank fined Rs 1 cr for not bringing promoter shareholding down within stipulated time

The Kolkata-headquartered Bandhan Bank had a net income of Rs 488 crore in the year-ago period