The Reserve Bank of India (RBI) on Friday appointed an advisory committee to advise the Administrator of the private sector Dewan Housing Finance Corp Ltd following the supercession of its board, the RBI announced. The RBI, on November 20, had superseded the board of directors of Dewan Housing ...
The decision by all three private Indian telecommunication companies to raise tariffs from December 2019 and a two-year moratorium on payment of spectrum dues are positive for the industry, Fitch Ratings said. However, these are unlikely to be sufficient to offset the impact of a recent Supreme Court judgement for incumbents Bh...
Airtel and Vodafone Idea are in the process of filing review petition in the Supreme Court on Friday against the AGR judgment of the top court last month. Both companies are to seek waiving of interest, penalty and relaxing 3 months timeframe to make payments after the Secretaries panel declined to offer any ...
Ratings agency ICRA expects India's growth rate to further slowdown to 4.7 per cent in Q2 FY2020, due to weak industrial output. Accordingly, the ratings agency expects a further deterioration in the growth rate of India's GDP and the gross value added (GVA) at basic prices in year-on-...
The nation's economic slump is not only worrying investors but also the RSS, the ideological mentor of the ruling BJP. The concern is primarily rural spending that has contracted and it wants the Narendra Modi government to spend more on rural sectors in the months to come. As a consequence, ...
Sony Corp is said to be in talks to buy stake in Reliance Industries (RIL) promoted Network18 Media and Investments Ltd. According to a Bloomberg report, the Japanese major is in talks to acquire a stake in the Indian television network controlled by Mukesh Ambani, in a bid to...
US Federal Reserve officials agreed during their two-day meeting in October that future rate cuts are unlikely as long as the economy stays on track, according to the minutes of the Fed's latest monetary policy meeting. "Most participants judged that the stance of policy, after a 25 basis point ...
Markets traded near-record levels on Thursday after opening in the green. The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45. Telecom stocks fell on Thursday after strong performance over the last few ...
US President Donald Trump who visited Apple's Austin-based Mac Pro plant has said the government is "looking at" whether Apple should be exempt from China tariffs. "When you build in the United States, you don't have to worry about tariffs," he said, accompanied by CEO Tim Cook as he toured the Mac Pro computer ...
Pushing the pedal on its disinvestment programme, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved strategic disinvestment in five large public sector undertakings (PSU) -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies....
