IMF cuts India’s growth forecast to 4.8%
The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed, the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. In October, the International Monetary Fund (IMF) had pegged India economic growth at...
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Taking earnest attempt to decriminalise Companies Law: FM
21 January 2020 | PTI -
Govt begins probe into deposits of unaccounted cash by jewellers during DeMo: Sources
21 January 2020 | PTI -
India among top 10 FDI recipients, attracts $49 bn inflows in 2019, says UN report
21 January 2020 | PTI -
Business Corner
21 January 2020 | Agencies -
Sensex slumps 416 pts on profit-booking
21 January 2020 | PTI -
Rs settles 3 paise down at 71.11 against $
21 January 2020 | PTI -
ITI to raise `1,600 crore for part-debt repayment, working capital needs
21 January 2020 | PTI
World’s 22 richest men have more than all women in Africa: Oxfam
The number of billionaires has doubled in the past decade and the world’s 22 richest men now have more wealth than all the women in Africa, Oxfam said Monday in an appeal to the Davos elite to get serious about inequality. “Our broken economies are lining the pockets of billionaires and...
ASCI announces new code for brands to claim awards, rankings in ads
The Advertisement Standards Council of India (ASCI) on Monday announced to introduce guidelines for usage of claims of awards and rankings by the companies in their respective advertisements. Now, brands and services need to ensure that the accrediting bodies involved in disseminating or presenting awards or rankings are authentic and credible,...
I-T searches premises of Lalit hotels promoter Jyotsna Suri
The Income Tax Department has launched searches at multiple locations of the Bharat Hotels group, its associates and a leading automobile dealer firm in connection with a tax evasion probe, officials said on Monday. They said about 8 premises linked to Bharat Hotels CMD Jyotsna Suri and some of her associates...
Arbitration tribunal restrains Adanis from buying Bidvest stake
In a major setback to the Adani Group’s bid to get a hold on Mumbai airport, an arbitration tribunal has restrained it from going ahead with buying out the 13.5 per cent stake of South African partner Bidvest Services in the country’s the second largest airport. The tribunal has also asked...
Setty appointed MD of SBI
The government on Monday appointed Challa Sreenivasulu Setty as the managing director of the State Bank of India for a period of three years, according to an official order. The Appointments Committee of the Cabinet has approved the proposal of the Department of the Financial Services for the appointment of Setty,...
India ranks low at 76th place on global Social Mobility Index
India has been ranked very low at 76th place out of 82 countries on a new Social Mobility Index compiled by the World Economic Forum, while Denmark has topped the charts. The report, released ahead of the 50th Annual Meeting of the WEF, also lists India among the five countries that...
Restricting Huawei in 5G may cause min GDP loss of $4.7 bn to India by 2035: Study
Blocking Huawei from rolling out 5G technology may cause loss of up to $63 billion in the GDP of top eight technology markets, and at least $4.7 billon in case of India, by 2035, a report of Oxford Economics commissioned by the chinese telecom gear maker has claimed. The US and...
