Business Blogs News - Page 30
Singapore steps up efforts to grow tech sector, seeks more foreign talent as economy stumbles; trade minister says locals will also benefit
Singapore is already home to the regional offices of hundreds of tech companies like Facebook and Google
Gold gains as US, China kick off new round of tariffs; trade war escalation, fears of global downturn sees $100 rise in yellow metal in August
Demand for gold as safe-haven surged after the United States and China launched fresh tit-for-tat tariffs on each others goods
Edelweiss Group, Central Bank of India partner to co-lend to MSMEs, to facilitate speedy disbursal of credit
The partnership comes after the Reserve Bank of India (RBI) announced progressive Co-Origination Policy in September 2018
India has an opportunity to benefit from global economic situation, says president of US-India Business Council
Citing media reports of challenges facing the Indian as well as the global economy, US-India Business Council (USIBC) president Nisha Desai Biswal said the same challenges could be seen as opportunities.
August PMI manufacturing growth slowest at 15-month low; impact of slowing economic growth, inflationary pressures
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, declined to 51.4 in August from July's 52.5, its weakest since May 2018
PSU bank mergers: Consolidation is no panacea as social banking goals remain with state in a vulnerable economy
Some of the fundamental objectives for which banks were nationalised in the first place remain critical for managing India's complex economy.
BSE, NSE, shut on account of Ganesh Chaturthi today; global stocks fall as new US-China tariffs add to gloom
On Friday, equity benchmark BSE Sensex advanced 264 points, propelled by gains in index heavyweights HDFC, ICICI Bank, among others
GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August; slowdown in economy impact revenue collections
The GST, which was introduced two years ago, has subsumed most of the indirect taxes
Economic slowdown: Automobile manufacturers report high double-digit decline in August sales
Major automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda reported slump in sales in August
ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on 31 August; records 4% rise from previous year
Nearly 50 lakh people filed their tax returns online on 31 August, the last date for ITR filing and the peak filing rate per second was at 196 ITRs per second
Economic slowdown impact: Maruti Suzuki reports 33% drop in sales in August at 1,06,413 units, export falls 10.8%
Maruti Suzuki's domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018
There will not be a single job loss due to merger of banks, assures Nirmala Sitharaman
The merger of banks will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019.
CNG price hiked for third time since April; impact of dollar appreciation against rupee, says Indraprastha Gas
Rates were last revised upwards by 90 paise per kg in July. Prior to that, CNG price was hiked in April by Re 1 per kg
GDP falls to 5%: April-June data comes as a shocker; it is time govt bid adieu to fiscal deficit obsession
Looking closely at the GDP figures, the big disappointment is the manufacturing sector
Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities
After the bank merger, only 12 PSBs will be left in India from the 27 earlier
Fake 500 rupee notes up 121%, Rs 2,000 currency notes 21.9% in 2018-19; decline in counterfeit Rs 100 notes: RBI
Of the Rs 200 denomination note, which was introduced in August 2017, as many as 12,728 counterfeit notes were detected
RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now
The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.
Last date for filing Income Tax Returns extended to 31 August: Here's how salaried employees can fill ITR for AY 2019-20 on incometaxindiaefiling.gov.in
If you are a salaried employee, you will have to file your Income Tax Returns (ITR). The last date for filing your ITR is 31 August, 2019.
IL&FS case: ICRA sacks its MD & CEO Naresh Takkar with immediate effect, was sent on forced leave in July
ICRA has appointed chief financial officer Vipul Agarwal as the interim chief operating officer.
RBI asks banks to extend PoS cash withdrawal facility, says merchant establishments not following instructions fully
RBI had instructed to banks on cash withdrawal at PoS (point of sale) devices enabled for all debit cards and open-loop prepaid cards issued by them.
Govt relaxes FDI rules in single-brand retail, coal mining, contract manufacturing, digital media: All you need to know
The government on Wednesday approved further relaxed rules for foreign direct investment (FDI) rules in four sectors
Change in rules governing RBI reserves, Yes Bank shares likely to test new lows; all this and more on Moneycontrol Pro
Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendation
Sensex drops over 250 points dragged by heavy selling in banking stocks ahead of F&O expiry
Top losers in the Sensex pack in early trade on Thursday included Yes Bank, HDFC, ICICI Bank, HCL Tech, TechM, Axis Bank, NTPC, Bajaj Finance and SBI
Govt relaxes FDI rules in four sectors; move brings goodies for global firms holding on decisions to invest
On permitting FDI in contract manufacturing, Commerce and Industry Minister Piyush Goyal said the move would help in getting into the global value chains.
Stock markets start on a choppy note: Sensex, Nifty down 124 points; bank stocks underperform
At 10.15 hours, Sensex slipped further 124.17 points or 0.33% to 37,517.10. Nifty was down 124.17 points or 0.33% to 11,072.35
Union Cabinet to consider relaxing FDI norms in single brand retail, digital media today
FDI helps in improving the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.
Don't overreach, overstate; act with a bit of restraint, says Finance Minister Nirmala Sitharaman to tax authorities
Meeting targets within deadlines was achievable even if they go about it with a bit of a "restraint", Nirmala Sitharaman said
FPI surcharge removal, stimulus measures likely to boost markets, jumpstart growth, say experts
Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.
US President Donald Trump singles out Ford Motor Co for not backing fuel economy rollback
Ford is one of four automaker, that reached a voluntary agreement with California on fuel efficiency rules defying Trump