Further demand slowdown on the cards: NCAER

Mumbai,  Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20. NCAER also anticipated a recurrence of the large shortfall in tax …

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Petrol prices rise for third consecutive day

New Delhi, Petrol prices increased for the third consecutive day on Saturday, while diesel prices remained unchanged. The price of petrol rose by 14 paise per litre in Delhi, Kolkata and Mumbai, while by 15 paise/litre in Chennai. The fuel …

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Air pollution depicts environment degradation: Roshni Nadar

New Delhi,  Roshni Nadar Malhotra, Vice Chairperson of HCL Technologies says degradation of environment has direct adverse effect on people and the most real example is the severe poor air quality of Delhi. Malhotra, part of the $9.3 billion organisation …

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Sensex, Nifty end higher; PSU banks shine

Sensex gains 230 points, Nifty above 10,600

Mumbai,  Major Indian equity indices ended higher on Friday led by index heavyweights. The Sensex closed 70.21 points higher at 40,356.69, while the Nifty ended 23.20 points higher at 11,895.30. Beaten down telecom stocks — Bharti Airtel and Vodafone Idea …

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Govt explores floor pricing for voice, data

New Delhi,  After a severe hit on account of AGR, relief may be underway for telecom companies with the government exploring minimum price for calls and data to prevent extreme low or free tariffs. Free or very low voice and …

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Govt does not want to see duopoly in telecom: VodaIdea CEO

New Delhi,  Braving a mammoth Rs 50,000 crore loss in Q2, Vodafone Idea on Friday said the government is clear that there would be no duopoly and it is in the process of filing a review petition. In a conference …

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SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

New Delhi,  The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private banks like ICICI Bank and Edelwiess …

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Moody’s cuts India’s growth forecast to 5.6%

Mumbai,  After cutting India’s sovereign ratings recently, Moody’s Investor Services on Thursday also cut India’s growth forecast to 5.6 per cent for the calendar year 2019 for reasons of subdued consumer demand, along with sluggish liquidity supply. The US ratings …

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Sensex ends higher, Vodafone plunges 21%, SpiceJet down 6%

Sensex gains nearly 200 points; telecom stocks rise

Mumbai,  Led by banking and financial sectors stocks the Indian stock markets finished in the green on Thursday despite Moody’s downward revision of India’s GDP growth forecast. The Sensex finished at 40,286.48, higher by 170.42 points, and the Nifty gained …

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Huawei likely to launch Watch GT 2 in India next month

New Delhi,  Eying a bigger share of India’s growing wearable market, Chinese technology giant Huawei on Thursday said it would bring Kirin A1-powered devices to India next month. This chipset is expected to come with Huawei Watch GT 2. Huawei …

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