Mumbai (IANS) Tata Group companies holding firm, Tata Sons on Wednesday said that it will take appropriate legal recourse after thee NCLAT restored Cyrus Mistry as its Executive Chairman. On October 24, 2016, the Tata Sons Board had ousted Mistry and … read more
New Delhi (IANS) Taking Xiaomi head on along with an aim to become a leading digital payments provider, Chinese smartphone maker Realme on Tuesday announced its foray into the burgeoning financial services sector with “PaySa” platform while evaluating its own digital … read more
New Delhi (IANS) The Finance Ministry on Friday presented a status report on the impact of the recently announced stimulus measures and said that FDI inflows rose exponentially during the first half of the fiscal FY19-20. According to the ministry, the … read more
New Delhi (IANS) The Union Cabinet here on Wednesday approved the ‘Partial Credit Guarantee Scheme’ for purchase of high-rated pooled assets from financially-sound non-banking financial companies (NBFCs) and housing finance companies (HFCs) by public sector banks (PSBs). Under the scheme, state-run … read more
Islamabad (IANS) Russian energy major Gazprom is set to initiate a feasibility study in the first quarter of 2020 for laying an undersea pipeline, beginning from the Persian Gulf and extending to Pakistan, India and Bangladesh, and ultimately ending in China, … read more
Washington (IANS) The United States’ headline unemployment rate fell by one-tenth of a percentage point in November to 3.5 per cent, matching the lowest level in a half-century, while the number of new jobs added last month – 266,000 – far … read more
Mumbai (IANS) Raising concerns of higher inflation in the near term, Reserve Bank Governor Shaktikanta Das on Thursday observed that recent announcements by the telecom operators to raise tariffs will add to the inflation rate in the country. In a surprise … read more
New Delhi (IANS) Seeking to ensure aviation biggies’ participate in the bidding for Air India sale, the government may dilute substantial ownership and effective control (SOEC) clause in the FDI guidelines for the airline sector. Official sources said the Department for … read more
New Delhi (IANS) Crisil Rating on Monday sharply revised India’s growth outlook for fiscal 2020 to 5.1 per cent from 6.3 per cent, citing a dip in fixed investment, weak private consumption growth, weak growth in tax collections and industrial production … read more
New Delhi (IANS) Coming out in strong opposition to the PSU disinvestment programme of the Modi government for companies like Air India, BSNL and BPCL, RSS affiliate, Swadeshi Jagran Manch (SJM) has slammed the move, saying that “strategic sales can be … read more