Economy News - Page 4

BSE Sensex trades flat ahead of Q3 results; Bharti Airtel, Kotak Bank among major gainers

The benchmark BSE Sensex was trading flat, up 12.10 points in late morning trade amid bouts of buying in realty, telecom, IT, utilities, industrial and FMCG sectors ahead of the announcement of key corporate results

Tata Housing, Lodha Group keen to own Jaypee Infratech's multi-crore Yamuna Expressway

Tata Housing and Lodha Group are keen to own the multi-crore six-lane concrete road project that connects Greater Noida with Agra in Uttar Pradesh, reports said.

SMEs listed in BSE and NSE to touch 1,000 in next 2 years, says merchant banker Guiness

The number of SMEs listed on BSE and NSE platforms is expected to reach 1,000 in the next two years from nearly 350 at present, merchant banker Guiness Corporate Advisory Services said

Disruptive moves on H-1B visa detrimental for India, United States, says Nasscom

Estimates show that such a move could lead to deportation of over one million H-1B visa holders in the US -- many of them Indians -- who are waiting for their green cards

Electoral bonds: Narendra Modi govt confers anonymity but nothing in them to attract wily donors

Donors of bonds dare not use their black money for this munificence because they have to be bought from designated branches of the State Bank of India through one’s bank account complying with KYC norms

Banks gearing up to refer 24 out of 28 stressed accounts on RBI's second list to NCLT

These bank accounts together account for 40 percent of bad loans of around Rs 4 lakh crore.

'Gradual recovery on cards, FY'18 GVA growth likely at 6.7%', says Nomura report

"In our baseline, we expect some of the growth drag caused by demonetisation and GST to reverse and growth to recover from July-September quarter of 2017," Nomura said in a research note

GDP decline: Yashwant Sinha speaks up, sees hard landing for economy after note ban, poorly conceived GST

Instilling fear in the minds of the people is the name of the new game, Yahswant Sinha says in the article

GDP decline: Arun Jaitley hints at stimulus but do govt, RBI have room for an accommodative policy?

How can a stimulus package be devised when govt revenues have been slow to catch-up and RBI rate cuts have not had desired impact?

Bank NPAs: RBI's second list of defaulters include Videocon, JP Associates, says report

Others that figure in the defaulters list are East Coast Energy, SEL Manufacturing, Shakti Bhog, Nagarjuna Oil, Jai Balaji Industries, Uttam Galva, Monnet Power, Orchid Chemicals, among others

Fearing cyberattack from China, India tightens telecom rules and promotes local manufacturing

Worried about the possibility of a cyberattack Chinese business has gathered more support from within the administration of Prime Minister Narendra Modi,

RBI behind curve on rate cuts, missing a 'golden' chance to revive economy, say frustrated govt officials

Although these officials requested anonymity after Prime Minister Narendra Modi ordered them not to challenge the RBI in public, their comments recall the divergence in views that preceded the abrupt departure last year of Governor Raghuram Rajan.

Cochin Shipyard IPO a huge hit, oversubscribed 76 times on final day

The IPO, to raise up to Rs 1,468 crore, received bids for over 258 crore shares against the total issue size of 3,39,84,000 shares, data available with the NSE till 1930 hours on Thursday showed.

RBI cuts rate by 25 bps: If you believe good times are upon us now, think again

The RBI MPC statement talks about an urgent need for the government to solve infrastructure issues, reviving private investments and boosting the housing sector. Just a rate cut is not going to deliver this

RBI Monetary Policy: Central bank cuts repo rate by 25 bps to 6%; home, auto loans likely to be cheaper

A move that will lower EMIs for home, auto and personal loans

RBI rate cut important step for sustained growth: Finance ministry

The Reserve Bank, in its third bi-monthly monetary policy of the fiscal, on Wednesday reduced the repo rate after a gap of almost 10 months

RBI monetary policy as it happened: Repo rate cut by 25 bps; central bank wants banks to cut loan rates

The RBI is widely expected to cut interest rate by 25 bps to 6 percent in the monetary policy statement today

Urjit Patel vs rate-cut lobby: A psychological game is on the cards, not just data crunching

The fundamental reasons that has prompted Urjit Patel and his fellow members to hold rates back then exists even now

Market rally decoded: Why once 'fragile' India is getting thumbs up from foreign institutional investors

India's financial markets are rallying and the country's bonds are in demand, offering some of the best inflation-adjusted returns in Asia.

Cabinet clears minimum wage code Bill, to benefit over 4 cr employees

The bill seeks to empower the Centre to set a minimum wage across all sectors in the country and states will have to maintain that.

China accuses India of 'abusing' trade remedy measures ahead of Nirmala Sitharaman’s visit

China's Ministry of Commerce was reacting to India's move to launch an anti-dumping investigation over photovoltaic cells and units imported from the China, Taiwan, and Malaysia,

Driverless cars will not be allowed in India, they will lead to joblessness, says Nitin Gadkari

The government will focus on training drivers as adequate driving skills can provide employment to about 50 lakh people.

H-1B visa: US resumes faster processing of some categories not related to tech jobs

During his campaign, Trump had promised to increase oversight of H-1B and L-1 visa programmes.

IMF sees India growing ahead of China for 2 years; retains 7.2% GDP for FY18

Inflation in advanced economies remains subdued and generally below target

Income taxpayer base widens to 6.26 cr as of 2016-17, a huge jump, claims CBDT head

Post-demonetisation, the department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks shows widening of taxpayer base.

Income tax returns filing: NRIs need not give foreign bank account details if seeking no refund

The CBDT (policy-making body for the I-T Department) had brought out new ITRs on 31 March this year

Low formal credit reach to keep most farmers off loan waivers, says report

Institutional credit is skewed in favour of households with higher decile classes of asset holding,

ONGC's HPCL acquisition: Narendra Modi govt’s aggressive divestment drive is a winner for economy

The government has to take the lead and pump in huge sums into big infrastructure projects. Only this can bring the economy out of the woods. An aggressive disinvestment strategy is critical in this context.

Banks to take Rs 2.4 lakh cr hit on top 50 NPAs but pop the bitter pill for economy's sake: Crisil

A majority of the debt requiring deep haircuts belong to companies with unsustainable businesses

ONGC gets Cabinet nod to buy 51% in refiner HPCL, to create integrated oil giant

India, the world's third-biggest oil consumer, imports about 80 percent of its crude needs and Prime Minister Narendra Modi has set a target to cut dependence on oil imports by 10 percent by 2020.