India Blog News - Page 6

Right now, India has neither a chief statistician nor a chief economic advisor; should it worry us?

: One can argue that institutions, and not individuals, are important. But, the absence of a chief statistician and a CEA will worry economists, especially in an election year

Narendra Modi govt doing better work than UPA, says Dalit trade lobby chief Milind Kamble

In the tenure of the Prime Minister Narendra Modi's government, maximum work has been done for the development of Dalits

M-cap of seven top 10 most valued companies drops Rs 32,298 cr; TCS worst hit

Barring HDFC Bank, ITC and HDFC, rest seven companies saw losses in their market capitalisation (m-cap) for the week ended Friday.

AIIB clears $200-mn infusion into National Infrastructure Investment Fund, to help funnel up to $2.4 bn into infra

The proposed fund will come in two tranches of $100 million each and will go into a fund of funds to be floated by the National Infrastructure Investment Fund

Petrol, diesel prices slashed across cities for 5th straight day; check for rates across major cities

Mumbai experienced the maximum gain where petrol is down by 14 paise at Rs 83.30 per litre against Rs 83.44 per litre on Sunday (yesterday).

Piyush Goyal credits Arun Jaitley for NPA clean-up; says banks poised for growth now

Piyush Goyal said, crediting Jaitley for the ongoing NPA clean-up, that the banking system is now strengthened to once again start becoming a powerful engine of growth, financing the infrastructure and other credit needs of the economy

Idea-Vodafone merger may not meet 30 June deadline as DoT readies fresh demand of Rs 4,700 cr

Both Idea and Vodafone were expecting the merger deal to create India's largest telecom company to be completed by 30 June, 2018.

Bad loans issue: Heads of 11 PSBs to appear before parliamentary committee tomorrow

The rising number of bad loans and frauds has become a serious cause of concern.

OPEC decision: Good news from the oil cartel gives government time to consider options

Decisions on taxation of fuels would have to be taken and the present relief provided by OPEC should be leveraged to take a concerted view.

The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officials

Investigators probing the PNB fraud expect to use the Dubai and Hong Kong files to connect the missing dots in the scam, to nab high ranking individuals.

India facing 'real challenge' at WTO, global trading system, says Suresh Prabhu

In a disappointment to developing countries like India, talks at the WTO's 11th ministerial conference at Buenos Aires collapsed in December last year, with the US going back on its commitment to find a permanent solution to the public food stockholding issue.

WhatsApp leak: SEBI receives reports from HDFC Bank, Tata Motors, Axis Bank, Bata India; to carry out further investigations

In the high profile case, the SEBI has passed preliminary orders against HDFC Bank, Tata Motors, Axis Bank and Bata India

Sensex starts on negative note, falls 51 points; Nifty down; Re gains 19 paise, global dollar weakness helps

The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 percent, to 35,381.48 in early trade.

OPEC meet in Vienna today; showdown looms as Iran, Saudi argue over output hike

The 14-nation OPEC cartel and its 10 non-member partner nations, known as OPEC+, together account for more than 50 percent of the world's oil supply, giving them huge sway over the global market.

RBI to FinMin: 12 February circular gives enough space for resolution of bad loans in power sector

RBI made its stand clear at a stakeholders' meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court.

Swiggy raises $210 mn in fresh funding led by Naspers, DST Global; to ramp up supply chain networks

Swiggy has so far raised $465 million in seven rounds of funding.

Cloud firm Teradata files IP theft suit against SAP, alleges former CTO Vishal Sikka was in the know

Sikka is considered to be the force behind SAP's analytics platform, HANA that had helped the company strengthen its position in the global market

SEBI initiates enforcement actions against various entities in NSE co-location case, says chairman Ajay Tyagi

Sebi has been probing the alleged lapses in high-frequency trading offered through the NSE's co-location facility.

Amazon, Berkshire, JPMorgan name Harvard surgeon Atul Gawande CEO of their healthcare venture

The choice of Atul Gawande reflects the company’s plans to focus on the entire healthcare system, rather than just looking to curb prescription drug costs, analysts said.

ICICI Bank seeks RBI approval to appoint MD Mallya as chairman with incumbent MK Sharma set to step down

ICICI Bank initiated the process of appointment of a non-executive chairman as the term of incumbent MK Sharma will end on 30 June.

RBI may raise rates as inflation could go beyond its 4.7% target owing to higher consumer spend

inflation

GST on petrol, diesel: A 28% levy plus VAT is the worst concoction for rising fuel prices

For a wholehearted switch to GST, the government must learn to stop viewing fuel as a milch cow

Sensex gets a buying lift, up 123 points, Nifty edges 38 points; Reliance Industries at new high; Re slides

Sensex was quoting higher by 123.06 points, or 0.35 percent, at 35,670.39. It had gained 260.59 points in the previous session.

Vijay Mallya arrest ordered in fresh money laundering case chargesheet; court issues summons to Kingfisher Airlines, UB

The court issues a non-bailable warrant for Vijay Mallya's arrest, taking cognisance of a fresh charge sheet filed against him and others by the Enforcement Directorate.

Arvind Subramanian quits as chief economic advisor: Full text of union minister Arun Jaitley's farewell note

Arvind Subramanian elevated the quality of analysis and the presentation of ideas for public deliberation in his four 'economic surveys', said Jaitley.

Arvind Subramanian quits as chief economic advisor: 'I will miss his dynamism, energy, intellectual ability,' says Arun Jaitley

Subramainan's three-year term in office, which was to end on 16 October 2017, was extended by one year, by the then finance minister Arun Jaitley said last September.

National farm loan waiver policy: Odisha CM Naveen Patnaik misses the wood for the trees, seeks cure for a symptom

Farm loan waiver does not merit a national policy as much as the underlying facets of agrarian economy do. Cure must be for a disease and not for its symptom even if it is the most manifest.

ICICI Bank's board loves CEO Chanda Kochhar; that love has cost the banking giant dearly

ICICI Bank's handling of the Videocon loan row puts out a major lesson for corporations, on how not to handle a looming corporate governance crisis.

Sensex opens in green on value-buying, up 130 points; Re recovers from 1-month low, up 32 paise against dollar

The 30-share BSE index was trading higher by 130.41 points, or 0.37 percent, to 35,417.15 in early trade today

KPMG audits show 'unacceptable deterioration', to be first to undergo special supervision, says UK accounting watchdog

The Financial Reporting Council (FRC) said the Big Four auditors - which also include PwC, EY and Deloitte - must act swiftly to reverse the decline in this year’s audit inspection results if they are to hit targets set by the watchdog.