Business

FM announces Rs 60,000 cr boost to exports, housing

New Delhi,  With GDP growth sliding to six-year low of 5 per cent in April-June quarter and several sectors facing low demand, Finance Minister Nirmala Sitharaman on Saturday announced a fresh set of measures to boost exports and the housing …

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Govt sets up Rs 10,000 cr fund for housing projects

New Delhi,  With a focus on completing construction of unfinished units, the government on Saturday opened a special window of Rs 10,000 crore fund to provide last mile funding for housing projects which are non-NPA and non-NCLT and are net …

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Infosys opens centre in Arizona, to hire 1,000 techies

ABS

Bengaluru,  Global software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises. “We will hire 1,000 American techies over four years to work at the centre in the southwestern state …

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Avoid farm loan waivers: RBI’s internal working group

Protecting depositors, taxpayers is public interest RBI

Mumbai, An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers. According to the report of the ‘Internal Working Group to Review Agricultural Credit’, Central …

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Post faux pas, Twitter shows Rajan slamming Goyal over economic data

New Delhi,  Commerce Minister Piyush Goyal’s “gravity” gaffe refuses to die down. Former RBI governor Raghuraman Rajan on Friday launched a scathing attack on Goyal dissecting every word of his remark and saying that he fails to understand the “gravity” …

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Bulls back in action, Sensex ends 280 pts higher

Mumbai,  Bulls were back in action on Friday to end the week on a strong note. While the Sensex gained 280 points, the Nifty closed above the 11,000 mark over renewed hoped of a rate cut by the Reserve Bank …

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E-assessment scheme to curb human interface: Tax dept

New Delhi,  In its bid to curb corruption by making tax filing and their review faceless, the government has come out with e-assessment scheme, 2019 making it mandatory for all communication between tax department and taxpayers to be done online. …

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Yes Bank promoters seek probe against short sellers hammering the stock

Mumbai,  Yes Capital and Morgan Credit have written to the Surveillance and Investigation Department, National Stock Exchange, asking them to investigative and act against rumours spread against Yes Bank, causing damage to share value and opening up the field to …

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Aug retail inflation up at 3.21% on high food prices

New Delhi, Higher food prices pushed up India’s August retail inflation to 3.21 per cent from 3.15 per cent in July, official data showed here on Thursday. However, the Consumer Price Index (CPI) in August was lower than the corresponding …

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India’s July factory output grows at 4.3%

New Delhi,  India’s factory output growth rate accelerated in July by 4.3 per cent from a rise of 1.17 per cent reported for June, official data showed on Thursday. However, on a year-on-year (YoY) basis, July 2019 factory output growth …

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