Business Blogs News - Page 30

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment

Foreign direct investment into India grew by 28 percent to $16.33 billion during the first quarter of the current fiscal, according to government data

Ride-sharing e-bikes, cycles startup Yulu expands to Delhi; to be available in all stations in NCR by 2020

Yulu was launched in Bengaluru and is now available in Mumbai, Pune, Bhubaneswar besides Delhi

Economic growth since demonetisation, Maruti Suzuki's downbeat sales; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

Rupee tumbles 67 paise against dollar in early trade; currency under pressure after tit-for-tat US-China tariff attacks

The rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday

Sensex plunges over 400 points, Nifty below 11,000-mark in early trade; financial, auto stocks sink

Market sentiment took a hit on account of weak macroeconomic data releases and double-digit decline in auto sales in August

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer

In June this year, Bansal is said to have sold a small portion of his shares to FIT Holdings SARL, Walmart’s Luxembourg entity, for about $76.4 million

China, US kick off new round of tariffs against each other in bruising trade war; to meet for talks later this month

The Trump administration on Sunday began collecting 15 percent tariffs on more than $125 billion in Chinese imports

Economic slowdown: China's top 3 airlines brace for smaller profits on slower demand; weak yuan inflates costs

China Southern Airlines, Air China and China Eastern Airlines turned in lower net profits for the January-June period last week, erasing first-quarter gains.

Singapore steps up efforts to grow tech sector, seeks more foreign talent as economy stumbles; trade minister says locals will also benefit

Singapore is already home to the regional offices of hundreds of tech companies like Facebook and Google

Gold gains as US, China kick off new round of tariffs; trade war escalation, fears of global downturn sees $100 rise in yellow metal in August

Demand for gold as safe-haven surged after the United States and China launched fresh tit-for-tat tariffs on each others goods

Edelweiss Group, Central Bank of India partner to co-lend to MSMEs, to facilitate speedy disbursal of credit

The partnership comes after the Reserve Bank of India (RBI) announced progressive Co-Origination Policy in September 2018

India has an opportunity to benefit from global economic situation, says president of US-India Business Council

Citing media reports of challenges facing the Indian as well as the global economy, US-India Business Council (USIBC) president Nisha Desai Biswal said the same challenges could be seen as opportunities.

August PMI manufacturing growth slowest at 15-month low; impact of slowing economic growth, inflationary pressures

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, declined to 51.4 in August from July's 52.5, its weakest since May 2018

PSU bank mergers: Consolidation is no panacea as social banking goals remain with state in a vulnerable economy

Some of the fundamental objectives for which banks were nationalised in the first place remain critical for managing India's complex economy.

BSE, NSE, shut on account of Ganesh Chaturthi today; global stocks fall as new US-China tariffs add to gloom

On Friday, equity benchmark BSE Sensex advanced 264 points, propelled by gains in index heavyweights HDFC, ICICI Bank, among others

GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August; slowdown in economy impact revenue collections

The GST, which was introduced two years ago, has subsumed most of the indirect taxes

Economic slowdown: Automobile manufacturers report high double-digit decline in August sales

Major automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda reported slump in sales in August

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on 31 August; records 4% rise from previous year

Nearly 50 lakh people filed their tax returns online on 31 August, the last date for ITR filing and the peak filing rate per second was at 196 ITRs per second

Economic slowdown impact: Maruti Suzuki reports 33% drop in sales in August at 1,06,413 units, export falls 10.8%

Maruti Suzuki's domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018

There will not be a single job loss due to merger of banks, assures Nirmala Sitharaman

The merger of banks will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019.

CNG price hiked for third time since April; impact of dollar appreciation against rupee, says Indraprastha Gas

Rates were last revised upwards by 90 paise per kg in July. Prior to that, CNG price was hiked in April by Re 1 per kg

GDP falls to 5%: April-June data comes as a shocker; it is time govt bid adieu to fiscal deficit obsession

Looking closely at the GDP figures, the big disappointment is the manufacturing sector

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities

After the bank merger, only 12 PSBs will be left in India from the 27 earlier

Fake 500 rupee notes up 121%, Rs 2,000 currency notes 21.9% in 2018-19; decline in counterfeit Rs 100 notes: RBI

Of the Rs 200 denomination note, which was introduced in August 2017, as many as 12,728 counterfeit notes were detected

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now

The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.

Last date for filing Income Tax Returns extended to 31 August: Here's how salaried employees can fill ITR for AY 2019-20 on incometaxindiaefiling.gov.in

If you are a salaried employee, you will have to file your Income Tax Returns (ITR). The last date for filing your ITR is 31 August, 2019.

Southwest monsoon mitigate rainfall deficiency; cotton production to rise by 14% but rice, soybean take hit