Business Blogs News - Page 28

Social Progress Index 2019 reveals progress in sustainable development goals too slow, threatens chances of fulfilling 2030 agenda
Social Progress Index captures outcomes related to all 17 Sustainable Development Goals and is a comprehensive snapshot of a country’s overall progress towards the achievement of the goals.

Zomato extends Gold program to not just eating out but also deliveries; NRAI terms it desperate attempt
Zomato Gold is a premium membership plan that offers free food and drink.

Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to revive economy
Nirmala Sitharaman’s bold move on corporate tax cut signals shift from baby steps to radical reform, precisely what the economy needed

US corporate sector hails India's slashing of income tax to 25.17%, says move will reverse economic slowdown
The government on 20 September slashed the income tax rate for companies by almost 10 percentage points to 25.17 percent

From nuts to walnuts, why trade war with America is bad news for India and world; global commerce relies on co-operative quid pro quo
The world needs the United States of America, and there is no future without India.

Tour operator Thomas Cook seeks $250 mn extra funding from UK govt to avoid collapse, stay afloat
If Thomas Cook goes under, Britain's Civil Aviation Authority would likely be ordered to launch a major repatriation operation to fly stranded vacationer home

Onion prices touch record Rs 4,500 a quintal, steepest since December 2017; rates triple since July this year
The price of onions has almost tripled since 31 July this year, when the rate was recorded at Rs 1,250 per quintal at Lasalgaon.

Singareni Coal mines to offer Rs 1.01 lakh bonus to each worker; clocks record profit of Rs 1,765 cr in 2018-19
From a 'meagre' Rs 13,540 in 2013-14, the last year in undivided Andhra Pradesh, the bonus to Singareni Coal Mine workers had been increased gradually in the last five years

No stressed MSME loan can be declared NPA till March 2020; govt asks banks to hold loan melas in 400 districts from 3 Oct
Bank loan disbursements to the MSME sector stood at Rs 11.83 lakh crore in 2018-19, as against Rs 8.53 lakh crore done in 2017-18

GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely
The GST meeting will be closely watched as it could help investors gauge the government’s seriousness in reviving growth in Asia’s third-largest economy

RBI governor Shaktikanta Das says low inflation, falling growth leaves more room for rate cut
Shaktikanta Das reiterated there are many areas of opportunity amid the "challenging" environment and called for focusing on the same without getting mired in negative sentiments

Yes Bank shares plunge 16% on Altico exposure concerns; market-cap drops by Rs 1,046 cr
Shares of Yes Bank on Thursday plummeted nearly 16 percent, wiping off Rs 1,046.07 crore from its market valuation, after a Moody's report said the Altico default may be credit negative for banks given their significant exposure to the real estate sector

Missing female labour force: India could lose out on economic dividends with inadequate job creation

Is liberalised remittances scheme becoming too liberal warranting a closer look? It is time govt set new limits
The rapidly increasing outbound remittances peaked to $1.69 billion in July (for a single month) 2019

Mahindra, Tata Motors offer discounts on select models to lure in customers, beat auto sector slowdown
Auto sector majors like Mahindra and Mahindra and Tata Motors are the ones who are offering huge discounts.

Air India stake sale plan: Govt may take on burden of working capital debt to make offer attractive to buyer
Efforts to sell 76% stake in Air India failed to take off in 2018

Oil prices cool off on Saudi Arabia's supply reassurance, investor focus shifts to Fed
Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom has recovered supplies by tapping inventories, and lost oil output of 5.7 million barrels per day (bpd) by the end of September

Investors' wealth plummets Rs 2.72 lakh cr in two days of stock market fall
Investor wealth eroded by Rs 2.72 lakh crore in two days as soaring crude oil prices in the wake of rising geopolitical tensions in the Middle East led to severe selling in the equity market

Reserve Bank of India expands scope of Bharat Bill Payment System, allows payment of all recurring bills
BBPS is an integrated bill payment system which offers interoperable bill payment service to customers online as well as through a network of agents on the ground

RBI governor Shaktikanta Das says 5% Q1 GDP growth 'surprise'; economy will look up with measures taken by govt
RBI Governor Shaktikanta Das on Monday termed the low GDP growth of 5 percent as a "surprise" but expressed confidence that the economy will look up with a host of measures taken by the government

Feel global, act social: How Anand Mahindra builds a corporate brand with his unique 'tweetitude'
Anand Mahindra crafts his tweets in a manner that etches out his corporate brand and does not miss the brand goal in an impulsive burst even as he engages in casual banter

Nirmala Sitharaman's mega housing push of Rs 10,000-cr special window for stuck projects, relaxed ECB rules hits all right notes
The key highlight of Finance Minister Nirmala Sitharaman’s presser on Saturday is the announcement that the government will set up a Rs10,000 crore special window to extend funding to incomplete housing projects that are in good shap

Govt sets up Rs 20,000 cr fund to complete stalled housing projects; fund too narrow in scope, say experts
An estimated 8.5 lakh home buyers are yet to get delivery of their units as hundreds of housing projects across the country are delayed due to liquidity crunch and demand slowdown,

Amazon India expands furniture category ahead of festive season; claims category has grown by 120% over last year
While Amazon hasn't announced the dates of its festive sales, it is likely to kick off in the last week of September

Maruti Suzuki, Tata Motors' PV market share decline in April-Aug; Hyundai, M&M gain despite selling less this fiscal
Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August

How would Ola and Uber cause drop in sales of trucks, two-wheelers, asks Yashwant Sinha; says those in power make 'weird' statements
Weird' statements by people in power will affect government's image, said Yashwant Sinha

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference
Nirmala Sitharaman announced Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT

Nirmala Sitharaman press conference LIVE updates: GDP growth to improve in next quarter, won't put a number to it, says FM
Nirmala Sitharaman press conference LATEST updates: A special window will provide the last-mile funding requirement for housing projects that are non-NPA and non-NCLT projects and are stuck due to lack of funding, said Sitharaman.

Economic slowdown: Manufacturing growth sluggish at 7%, share in GDP stagnant at 16%; urgent need of more than just a policy overhaul
With the RBI softening its policy rates for the fourth consecutive time in 2019, and Banks expected to pass on these rate reductions, there is hope for uptick in credit flow to key manufacturing industrie

Interpol issues Red Corner Notice against Nirav Modi's brother Nehal Modi in Rs 14,000-cr PNB fraud case
According to media reports, the request to law enforcement agencies worldwide to locate and provisionally arrest Nehal Deepak Modi came from the Enforcement Directorate.