India Blog News - Page 27
French healthcare co Sanofi to buy US firm Bioverativ for $11.6 bn; to look at more takeovers
This is Sanofi's biggest acquisition since the 2011 takeover of US biotech company Genzyme for around $20 billion.
Employment challenges: Pakoda sellers are fine but we need more formal sector jobs
Modi is right when he says the informal sector accounts for 90% of total employment and the formal sector only 10%. But the quality of employment in the informal sector needs a closer look.
Govt may keep PF interest rates unchanged at 8.65%; good news for employees
With a fragile victory in the Gujarat elections, and the general elections in 2019, the the Modi government is unlikely to do anything that will upset people
World Economic Forum: Transport, energy solutions high on Piyush Goyal's agenda
At the session, he is expected to speak on India's plans to transition to alternative energy sources
Budget 2018: It isn't really a boring affair; 'halwa', locked-in officials are part of budget rituals
In the run-up to budget day, there are many tradition observed by finance ministers of India. The reasons behind many longstanding traditions are not-known though
Budget 2018: Strengthen medical insurance cover, develop talent in healthcare, urges industry
The budget can create more avenues for a major play for private public partnerships for wider coverage of quality healthcare in the country
Govts must learn to become slimmer, not be a burden on business: Israeli PM Netanyahu to industry captains
Netanyahu said, governments has to learn to reduce the burden of regulations, make business easier and encourage competition.
EPFO-data based study raises questions; reminds its time India overhauled its payroll reporting method
If enough jobs are being created over the last year, why doesn’t it correlate with the private consumption trends, demand–revival and investments?
Sensex scales new high in early trade, gains nearly 400 points; Nifty at fresh peak of 10,887
All the sectoral indices, led by banking, FMCG and capital goods were trading in the positive zone with gains up to 1.92 percent.
Union Budget 2018: Why India needs annual defence allocation of 3% of GDP
The higher defence set up and the MoD continue to be sans military professionals because the government remains straight-jacketed in the time wrap of the bureaucracy.
Bitcoin crashes below $12,000: Other cryptocoins too slump fearing crackdown
Last week saw prices sag after the South Korean government said it was planning to ban cryptocurrency exchanges -- though it later backtracked
Budget 2018: Low growth, subdued investment, widening deficit are Narendra Modi's big challenges
The fact that this will be the last full budget before the 2019 elections and that the government has already spent all of its budgeted expenditure for this financial year will further complicate matters.
Budget 2018: ICRA expects increase in budgetary allocation for highways
For FY2019, Ministry of Road Transport and Highways is expected to allocate in the range of Rs 80,000-85,000 crore as against Rs 64,900 crore for FY2018
Budget 2018: Remove import duty on raw materials, urges stainless steel industry
The import duty on ferro-nickel is 2.5% and the raw material has to be imported because India hardly has any nickel resources, the association said
Cyber safety: Companies should re-examine security controls to defend themselves against threats
The motivation of hackers is increasingly moving from the curious individual to organised crime and nation state actors, where hacking is simply a day job.
State Bank of India to raise Rs 5,000 cr through long-terms bonds for affordable housing
The proposed bond raising programme aims at funding infrastructure and affordable housing, SBI said in a filing to stock exchanges.
IIP growth hits 17-month high of 8.4% in November on robust manufacturing, capital goods sectors
Previous high was recorded at 8.9 percent in June, 2016, IIP growth for Oct 2017 has been revised downwards to 2 percent
Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake
The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage
WEF ranks India 30th on global manufacturing index; says human capital, resources main challenges
In terms of scale of production, India has been ranked 9th, while for complexity it is at 48th place.
Budget 2018: Finance Minister Arun Jaitley to present first budget after GST rollout on 1 February
The Economic Survey, detailing the state of the economy, is likely to be tabled on 31 January and the Union Budget may be presented the following day
GST collections at 5-month low: Nothing alarming, but enough to upset Arun Jaitley’s budget math
"This budget is going to be extremely difficult for the government since there is a big change happening in the tax regime and there are several inconsistencies"
Budget 2018: Govt lowers economic growth forecast as businesses hit by GST
Gross domestic product is now estimated to grow an annual 6.5 percent in 2017/18, slower than a provisional 7.1 percent growth in 2016/17
IBM to reassign 30% of staff, to cut 10,000 positions in 2018, says report
Consultant Bain & Co has been hired to help review IBM's Global Technology Services unit.
Sensex soars to all-time high of 34,638.42, Nifty at 10,600; Infosys gains ahead of Q3 results today
The 30-share index advanced 134.93 points, or 0.39 percent, to trade at an all-time high of 34,638.42, surpassing its previous high of 34,565.63, recorded on 10 January.
Paytm launches investment, wealth management division with Paytm Money, to invest $10 mn
With Paytm Money, Paytm wants Q to cover the entire spectrum of wealth management and plans to add more investment offerings going forward
Cabinet may review FDI policy in certain sectors today, aims to provide investor-friendly climate
FDI during April-September this fiscal grew by 17 percent to $25.35 billion.
Electoral bonds: Narendra Modi govt confers anonymity but nothing in them to attract wily donors
Donors of bonds dare not use their black money for this munificence because they have to be bought from designated branches of the State Bank of India through one’s bank account complying with KYC norms
H-1B visa rules: Proposed US Bill to protect American jobs has 'onerous' conditions, says Nasscom
The Bill tightens the definition of visa-dependent companies, and imposes fresh restrictions in terms of minimum salary and movement of talent.
Sebi move to converge commodity, stock trading good for investors but needs more safeguards
It is for Sebi to consider if it would be kosher for a broker to offer softer brokerage rates to those opting for combo services as opposed to either commodity or stock services.
Your NSC, PPF returns to dip next quarter as govt cuts rates by 20 bps; banks may cut deposit rates
PPF and NSC will fetch a lower annual rate of 7.6 percent while KVP will yield 7.3 percent and mature in 11 months.