Business
WPI Inflation Hits 10-Month Low, Drops to 2.76 Percent in January
The Wholesale Price Index (WPI)-based inflation stood at 3.8 per cent in December, 2018, and 3.02 per cent in January 2018.
Bombay High Court Overturns 2017 Arbitration Award to HPCL for $113 Million
In 2017, state-run HPCL was awarded the amount after an arbitration board found that M3nergy had delayed the finalising of a consortium agreement which led to the termination of an exploration contract with India's Oil and Natural Gas Corp.
Retail Inflation Cools Further to 2.05 Percent in January on Easing Food Prices
Thee inflation in the 'fuel and light' category also fell to 2.2 per cent in January this year from 4.54 per cent in December 2018.
Rupee Gains 13 Paise to 71.18 vs USD on Easing Crude Price
This is the fifth successive session of gain for the domestic currency, during which it has climbed 62 paise.
PSB NPAs Decline by Rs 31,000 Crore in April-December Fiscal Year '19: Minister Shiv Pratap Shukla
As a result of AQR and subsequent transparent recognition by PSBs, stressed accounts were reclassified as NPAs and expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were provided for, minister of st...
Cash-strapped Jet Airways Grounds 4 Planes Following Non-payment of Lease Rentals
The carrier also said it is making all efforts to minimise disruption to its network and is proactively informing and re-accommodating its affected guests.
RBI's Surprise Rate Cut an Indication of Falling Prices, Likely to Help BJP in General Elections
RBI’s rate cut will bring in further good news for consumers. As a lowered interest rate makes it even more flexible for companies to borrow at a cheaper rate from banks.
RBI Raises Collateral-free Farm Loan Limit to Rs 1.6 Lakh Days After Cash Handout Announcement in Budget
The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at a workable policy solution.
India's Exports to Maintain Healthy Growth This Fiscal, Says Commerce Secretary
The ministry said that the meeting with export promotion councils and other key exporters was held to discuss various issues being faced by exporters and examine ways by which India's merchandise exports can reach USD 325 billion by March 2019.
Rupee Rises 13 Paise to 71.67 Against US Dollar in Early Trade
Forex traders said, sustained foreign fund outflows and surging crude oil prices restricted the rupee up move.
Vedanta Says Anglo American Stake Buy Meets Governance Requirements
Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns.
Finance Minister Piyush Goyal to Address RBI Board on February 9
The government expects Rs 28,000 crore from the RBI as interim dividend for the current fiscal based on the financial position of the first half of the central bank.
Modi Govt Will Prepare New NSSO Report to Show ‘Increase in Jobs', Says PM's Economic Advisor
The leaked report recorded unemployment rate of 6.1 percent in 2017-18, giving the opposition Congress ammunition to attack and pushing the NDA government in defensive mode.
Markets Open 100 Points up, Keep Close Eye on Budget 2019 as Govt Likely to Loosen Purse Strings
In today’s interim budget, market participants will keep an eye on whether the budget nudges the fiscal deficit target for the coming year.
Budget 2019: Key Financial Terms You Must Know for Today
Here are some of the important terms one should know ahead of the Budget 2019.
Elon Musk Releases All Tesla Patents to Help Save the Earth
Musk said he was now sceptical of patents which too often only served "to stifle progress" and helped enrich giant corporations and lawyers rather than inventors.