Business
Budget 2019's Focus on Banks, Consumers and Farm Sector to Set Tone for Markets
The performance of India Inc. for the quarter ended December and the Interim Budget 2019 in the first week of February 2019 would dictate the near-term movement of the market.
Global Businesses Join Hands with WEF for Accelerating Workplace Inclusion of LGBTI Community
WEF gave a global call for companies to operationalise the UN standards of conduct to tackle the lesbian, gay, bisexual, transgender, and intersex (LGBTI) discrimination at workplace by 2020.
Centre Set to Mark Divestment Target at Rs 80,000 Crore for 2019-20, Says Report
Finance Minister Arun Jaitley, who is currently in the United States for a medical check-up, is expected to announce the target while presenting an interim budget on Feb. 1, said one of the sources.
India Can Become $5 Trillion Economy in 7-8 Years, Says Suresh Prabhu
Addressing a seminar on exports at Vibrant Gujarat Global Summit in Gandhinagar, Prabhu said his department had prepared a road map to make this possible by focusing on manufacturing, service sector and agriculture.
RBI Might Slightly Cut Interest Rate, Says Kaushik Basu
The RBI's monetary policy review is slated in February.
Flipkart Founder Sachin Bansal Invests Rs 150 Crore in Ola
Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity.
India Inc Expects Over 7 Percent Growth in Next 12 Months: Survey
The survey is based on interactions with chief executive officers, chief financial officers, chief operating officers and heads of strategy from the Indian manufacturing sector, among others during July-October 2018.
Chinese Premier Meets with Tesla's Musk as Trade Talks End
The participation of Tesla in trade talks after the end of a tariff battle between China and the US has projected the company as a pillar of stability between the two countries
RBI Issues Guidelines on Use of Tokenisation to Make Contactless Card Payments Safer
For now, this facility will be offered only through mobile phones and tablets and its extension to other devices will be examined by the regulator later, based on experience gained, RBI said.
SC Seeks Response From Anil Ambani on Ericsson's Contempt
Appearing for R Com advocates asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide.
GST Ministerial Panel Favours Kerala Levying 1% Cess for 2 Years
The goods and services, which will attract the 1 per cent cess, would be decided by Kerala, Modi said, adding that if any other state wants to levy the 'calamity cess' it has to approach the GST Council for approval.
New Patented Drugs Exempted from Price Control Order for 5 Years
The notification said for 'fixing or revising the ceiling price for formulations, the government may, if it is necessary so to do, consider market based data available for any month, as deemed fit.'
Govt Trying to Redraft Process of Granting Recognition to Trade Unions: CITU
The CITU alleged that the proposed amendments reveal the government's dubious intent in total departure from existing mutually-agreed practices being followed for the last couple of decades.
Look into Issues Concerning Accountability of RBI as Regulator: Parliamentary Panel to Govt
The standing committee on finance also asked the RBI to evaluate the efficacy of its own guidelines on dealing with frauds.
Gold Futures Recover Rs 300 on Fresh Positions
Marketmen attributed the recovery in gold prices to the building up of fresh positions by speculators on the back of a firming trend in overseas market.
Rupee Falls 22 Paise to 70.40 Against US Dollar in Early Trade
Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses.