Business
S&P Stagnates India's Rating as 'Stable', Unmoved by Moody's Outlook
While S&P retained the rating, it appreciated the Narendra Modi government's fiscal consolidation drive and said that the reforms undertaken are beneficial for the economy.
Cabinet Okays Changes to Insolvency and Bankruptcy Code to Block Defaulters
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry.
Rupee Slips 5 Paise Against Dollar to 65.06
The dollar made headway against the euro after Angela Merkel's attempts to form a new government for Europe's biggest economy collapsed, plunging Germany into a crisis. A subdued start at domestic stock markets cast its shadow, traders said.
Banks Allowed to Hire Machines, Staffers for Aadhaar Enrollment
The Aadhaar-issuing body, Unique Identification Authority of India (UIDAI), has allowed banks to hire private data entry operators and enrolment machines and expects the relaxation to speed up the opening of Aadhaar enrolment and updation centres at bank...
Centre Increases Carpet Area of Houses Under PM Awas Yojana
Under the PMAY-U, the Centre aims to provide houses to all the urban poor by 2022. Currently, the shortage of houses is pegged at over 10 million in the urban areas.
Indian Companies Create 113,000 Jobs in US: Report
Together, 100 Indian companies employ 113,423 people across 50 states, adding a total value of tangible investments made by these companies exceeds USD 17.9 billion, the report said.
Inflows in Equity MFs Surges to Rs 2.86 Lakh Crore After Note Ban
The sudden spike in bank deposits and consequent decline in interest rates following demonetisation on November 8, 2016 led to surge in inflow into equity mutual funds, an analyst said.
Rupee Weakens 20 Paise to 65.36 Against Dollar
Dealers also attributed the rupee's fall to increased demand for the US currency from importers and banks.
MSMEs to Be Next Growth Driver for Banks as Corporate Credit to Shrink Further: Report
According to Saurabh Tripathi, senior partner and director at BCG India who authored the report, large and mid-corporates who today bring in 39 per cent of lending revenue to banks will bring only 27 per cent by 2022.
GST Rate Cut on Over 200 Items: Here’s a List of What Got Cheaper
The GST council on Friday changed tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.
Consumer Electronics and Durable Makers Need to go Global, Says Amitabh Kant
Amitabh Kant said the Indian consumer electronics and durable industry needs the "right ecosystem" to grow and be a part of the global market.
One GST, 5 Slabs: Small Businesses Still Struggling to Make Sense of 'Good and Simple Tax'
Goods and Services Tax (GST), the exercise that was started to simplify taxation for India’s industries, seems to have tied manufacturers up in knots.
Sensex Slips from Record Level, Down 97 Points
The 30-share index retreated by 97.19 points, or 0.28 per cent to 33,588.37 points as against Friday's record close of 33,685.56. It also touched an all-time high (intra-day) of 33,733.71.
PSU Banks May get Rs 70,000 Crore Through Recap Bonds This Fiscal
Non-performing assets (NPAs) of public sector banks alone have increased from Rs 2.75 lakh crore in March 2015 to Rs 7.33 lakh crore as on June 2017.
RBI Asks Large Borrowers to Obtain Unique Code From Banks
Coming out with timeline for implementing the LEI, the RBI said borrowers with fund and non-fund exposure of Rs 1,000 crore and above will have to get the unique code by March 31, 2018.
India's Factory Activity Barely Grows in October as GST Stings
Indian consumer inflation held steady at 3.28 percent in September, but is expected to accelerate over coming months led by higher petrol and diesel prices, complicating the task of the Reserve Bank of India as it seeks to stimulate the economy with more...
