Exports grow 11% in March; trade deficit narrows

Exports grow 11% in March; trade deficit narrows

Tuesday, 16 April 2019 | PTI | New Delhi

India’s exports grew by 11 per cent to $32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, Government data showed on Monday. Imports rose by 1.44 per cent to $43.44 billion during the month. However, trade deficit narrows to $10.89 billion as compared to...

BoB to complete integration of Dena Bank, Vijaya Bank in 2 yrs

Monday, 15 April 2019 | PTI | New Delhi

State-owned Bank of Baroda (BoB) is likely to complete the process of merger of Dena Bank and Vijaya Bank with it in two years, said a senior official of BoB. The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1. Information technology platform integration alone will take...

Rajshree Pathy resigns as Jet independent director

Monday, 15 April 2019 | PTI | Mumbai

Struggling carrier Jet Airways Sunday said its Independent Director Rajshree Pathy has quit the company, effective April 13, citing time constraints and other commitments. “This is to inform you that Rajshree Pathy has submitted her resignation as an Independent Director of the company with effect from April 13, owing to time...

Optimism rising over US, China trade accord

Monday, 15 April 2019 | AFP | Washington

Trade frictions are seen as a the main source of uncertainty for a slowing global economy, but there are more glimmers of hope for a US-China agreement. While there is no deadline for ending the protracted trade war with China, US Treasury Secretary Steven Mnuchin said Saturday the talks are nearing...

RBI net buyer of dlrs for 3rd month in a row, snaps up $825 mn in Feb

Monday, 15 April 2019 | PTI | Mumbai

The Reserve Bank remained a net buyer of the US dollar for the third consecutive month in February, when itbought $825 million from the spot market, according to the data from the central bank. In the reporting month, the central bank bought $2.086 billion and sold $1.261 billion in the spot...

Financial, operational creditors recover nearly half of total claims in 88 insolvency cases

Monday, 15 April 2019 | PTI | New Delhi

Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as 88 debt-ridden companies under the insolvency law, according to official data. The Insolvency and Bankruptcy Code (IBC) seeks to provide market-determined resolution for stressed assets in...

Modi Govt has major successes in social sector schemes: Panagariya

Monday, 15 April 2019 | PTI | New Delhi

Former Niti Aayog vice chairman Arvind Panagariya has said the Modi Government has achieved ‘major successes’ in social sector programmes like Ayushman Bharat, PM-Kisan and rural electrification. Besides, this Government has made an ‘unprecedented progress’ in tackling corruption, he added. On the reforms undertaken by the Narendra Modi-led NDA Government, he said...

Indian capital market soars despite global, domestic headwinds

Monday, 15 April 2019 | PTI | New Delhi

Indian capital market outperformed several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil, with double-digit returns in the fiscal ended March 2019 despite numerous global and domestic headwinds, data shows. The Indian market benckmark indices also...

State Editions

C’garh polling figure swells to record 75%

20 April 2019 | Staff Reporter | Raipur

BJP’s Rao Inderjit Singh files papers from G’gram

20 April 2019 | Staff Reporter | Delhi

Over Rs 2 cr seized ahead of Lok Sabha election

20 April 2019 | Staff Reporter | Delhi

EC cancels mega PTM on BJP’s complaint

20 April 2019 | Staff Reporter | Delhi

Sunday Edition

Links Hanuman to Dalits

14 April 2019 | PTI | Sunday Pioneer

Prashant Kishor rubbishes Rabri's merger bid claim

14 April 2019 | PTI | Sunday Pioneer

513 ceasefire violations by Pak post Balakot strike: Army

14 April 2019 | PTI | Sunday Pioneer

Sadiq Batcha’s wife wants his death re-probed

14 April 2019 | Kumar Chellappan | Sunday Pioneer