Business
India's GDP Should Have Been Back at 9%, Says Kaushik Basu
Breaking a five-quarter slump, a rise in the manufacturing sector's output pushed India's growth rate higher to 6.3 per cent during the second quarter ending September, official data showed earlier this week.
Sensex Gains 68 Points in Early Trade on Global Cues
The NSE Nifty was up 21.65 points, or 0.20 per cent, at 10,391.90. Brokers said a fresh spell of buying triggered by a mixed trend in some other Asian bourses following overnight gains in the US markets buoyed the sentiment.
Air India Express Plans Growth Before Privatisation, Says CEO
Air India Express is considering adding new routes from Gujarat to either Dubai or Sharjah in the United Arab Emirates, Chief Executive K. Shyamsundar told Reuters in Dubai.
Raghuram Rajan Against Reservations in Jobs, Says it Can Damage Fabric of The Country
Some strong communities in India have started protesting to press for reservations because they are not finding jobs, he said, adding that it is very important to tackle underlying economic issues, including unemployment.
Centre Will Look Into Concerns on GST: Jaitley to Surat Textile Traders
Surat textiles industry body made representation before the finance minister seeking ease in procedures related to Goods and Services Tax (GST). Both the association and Jaitley said that the meeting was positive.
Outbound Remittances via LRS Spurt 8 Times Since June 2015
It can be recalled that the Reserve Bank has been steadily increasing outward overseas remittances under the liberalised remittances scheme (LRS) facility. The latest revision was in June 2015, when it increased the quantum by 10 times to USD 2,50,000 a y...
Sensex Goes up 102 Points, Nifty Above 10,370
The 50-share Nifty gained 30.70 points, or 0.29 per cent, at 10,379.45.
Railways Saves Over Rs 5,000 Crore in Power Bills in Two Years
The railways currently sources power through open access route in seven states--Maharashtra, Gujarat, Madhya Pradesh, Jharkhand, Rajasthan, Haryana and Karnataka--and Damodar Valley Corporation area.
Govt Imposes $850/Tonne MEP on Onion to Boost Local Supplies
MEP is the minimum rate below which exports are not allowed. Onion MEP was scrapped in December 2015.
Rupee Goes up 5 Paise Against Dollar to 65.06
The benchmark BSE Sensex rose 154.01 points, or 0.46 per cent, to 33,513.91 in early session.
Government Seeks Rs 13,000 Crore Surplus From RBI After Dividend Falls Short
In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. The government had budgeted for a Rs 58,000 crore dividend from the RBI in its Budget for this fiscal year.
RBI Sets Out to Create Public Awareness on Banking Dos & Don'ts
The Reserve Bank also has plans to create an awareness campaign -- Suno RBI Kya Kehta Hai -- through SMSes to warn the public against falling prey to unsolicited and fictitious offers from fraudsters.
Sensex Opens in Green on Value-Buying, Climbs 164 Points
The 30-share BSE index was up 163.80 points, or 0.49 per cent, at 32,924.24. Also, the NSE Nifty rose by 50.85 points, or 0.50 per cent, to 10,168.90.
Sensex Falls 113 Points on Wider Trade Deficit, Muted Earnings
The 30-share index was trading lower by 113 points, or 0.34 percent, at 32,828.87. The gauge had lost 372.69 points in the previous two sessions.
Amul Boards Indian Railways Via Twitter
On September 23, Amul had reached out to the railway ministry on its Twitter handle for advice on the proposition, saying the dairy major was "interested in using refrigerated parcel vans to transport Amul butter across India."
Sensex Drops 57 Points in Early Trade on Weak Global Cues
Brokers said sentiment dampened largely in tandem with a weak trend at other Asian markets following overnight weakness at Wall Street amid fears of delay in US corporate tax cut.
