Business Blogs News - Page 6

Budget 2020: FinMin likely to push for Rs 25,000-Rs 30,000 cr interim dividend from RBI; to help fiscal deficit slippages

In the past RBI has paid a total Rs 38,000 crore as an interim dividend (Rs 28,000 crore in FY19 and Rs 10,000 crore in FY18)

Budget 2020: NBFCs offering gold loans can meet part of unmet credit demand, boost growth; here's how

Gold loans provided by NBFCs should get equal and fair treatment at par with the banks

Budget 2020: Govt may announce schemes for fabless chip design industry; incentives to boost manufacturing

In the last few years, the Indian government has launched a slew of schemes to boost local manufacturing of electronic goods

Budget 2020: Real estate sector urges govt to provide infra status; boost demand to address liquidity, stress issues

The Finance Minister should consider enhanced deduction tenure for taxation purposes, which will boost home buying, said real estate developers

Budget 2020-21 document printing starts with 'halwa' making tradition; Nirmala Sitharaman hosts ceremony

After the ceremony, the employees who are involved in the Budget-making process are escorted to the basement of North Block for a 10-day quarantine and they only come out once the finance minister presents the Budget in Parliament.

Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class

The one-size-fits-all standard deduction of Rs 40,000 from salary needs to be upped to a third of the salary or Rs 1 lakh whichever is less

Budget 2020 needs a Fiscal Operation Twist to balance short-term growth revival with long-term disicipline

A Fiscal Operation Twist may be a formula to get there with enhanced spending in some areas and a clear will to tighten the belt elsewhere.

India slips in The Economist’s Democracy rankings: Soon after IMF's GDP growth cut forecast, another grim outlook hits stumbling economy

The Economist list came just hours after the International Monetary Fund (IMF) cut India’s 2019 GDP growth sharply and cautioned on the rising social unrest

Markets open in green: Sensex rises over 250 points, Nifty 70 points up; L&T, Axis Bank rally 3% in opening trade

The Sensex was trading 233.92 points or 0.57 percent higher at 41,349.30.

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC

The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.

Malaysia to purchase more raw sugar from India in a bid to placate New Delhi over spat on palm oil imports

MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India worth 200 million ringgit ($49.20 million) in the first quarter

RBI to hold rates until late this year on rising inflation concerns; fiscal boost likely: Report

While the RBI was the most aggressively dovish major central bank in Asia, slashing rates by a cumulative 135 basis points last year, it paused unexpectedly in December on inflation concerns

Piramal Realty to focus on mid-market segment to attract millenials; plans to invest Rs 1,500 cr for 'value housing' project in Thane

For starters, the realty arm of Piramal plans to invest Rs 1,500 crore for developing a residential project in Thane, targeting homebuyers with specific budgets by offering smaller configurations

India has always been open to multilaterism; many countries are too self-focussed, says Sunil Mittal

"The last 24 months has seen countries being more concerned about their own needs with every man for himself," Mittal said at WEF 2020

Global trade barriers creating opportunities for India; govt needs to encash this opportunity: L&T

L&T's Whole Time Director and CFO R Shankar Raman said that the government also needs to create an environment for multilaterals, with huge development budgets, to invest in India

Telecom majors seek more time from govt; may miss 23 January deadline to pay AGR dues to DoT

DoT estimates that telecom companies are required to jointly pay around Rs 1.47 lakh crore by 23 January

Budget 2020: Govt should announce steps to boost rural growth, infra to give more disposable income in aam aadmi's hands

Focused efforts towards increasing rural employment, skill development of rural youth, MSME growth, job creation, farmer productivity improvement and infrastructure development to be key areas of focus of Budget 2020 for the coming year

Nirmala Sitharaman announces Rs 105 lakh cr infrastructure projects; to reach $5 tn target in next 5 years

Infrastructure has been a focus in the last six years; total of Rs. 51 lakh crore (5%-6% of GDP) has been spent on infra in the last six years, we are now committing 100 lakh crore rupees for the next five years

State refiners may sign annual deals to buy Russian oil; India moves to tap new sources to hedge geopolitical risks: Report

India, the world’s third-biggest oil consumer and importer, which ships in over 80 percent of its needs, usually relies on the Middle East for the majority of its supply

Sensex jumps over 200 points, Nifty up 46 points in opening trade; HDFC, Infosys, RIL among top gainers

Sensex jumped over 200 points on Wednesday tracking gains in index heavyweights HDFC twins, Infosys and Reliance Industries as global stocks recovered from the previous day's losses

Allcargo Logistics becomes single-largest shareholder in Gati after it acquires nearly 13% stake in courier delivery services firm

Allcargo had acquired 27 lakh shares in Gati in the previous week through open market purchases.

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report