Business

Country's infrastructure output contracted for the second consecutive month to 5.8% in October from a year earlier, lowest since at least April 2012, data released on Friday showed.

During April-October, output grew 0.2 per cent from the year-ago period,

Tata Power Company, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha told Reuters.

The company is examining the option of bringing in global investors through an infrastructure

The rupee settled 12 paise lower at 71.74 against the US dollar on Friday, tracking heavy selling in domestic equities and growth concerns ahead of the release of GDP data.

Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks

Shares in Future Retail Ltd surged 13 per cent on Friday, after the antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country's top retail groups.

Future Retail in August announced the deal that would result in the US online retail giant

SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), aims to raise roughly Rs 9,000 crore in an initial public offering, according to a source familiar with the matter, in a deal set to make a bumper profit for US private equity firm Carlyle Group.

SBI Cards is

India's economy grew at its slowest pace in more than six years in July-September period, official data showed on Friday. The country's Gross Domestic Product or GDP grew 4.5 per cent in the second quarter of current financial year compared with 5

Reliance Industries Chairman Mukesh Ambani is the ninth richest person in the world, according to 'The Real-Time Billionaires List' of Forbes.

The RIL Chairman was ranked 13th globally in the Forbes' 2019 rich list, released earlier this year. His

Country's fiscal deficit in the first seven months through October stood at Rs 7.2 lakh crore ($100.32 billion), or 102.4 per cent of the budgeted target for the current fiscal year, government data showed on Friday.

Net tax receipts in the April-October period was Rs 6.83 lakh crore, while total expenditure was Rs 16.55 lakh crore, the data showed.

Chief Economic Adviser Krishnamurthy Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments.

The cycle of growth for the last few quarters has not been as it was earlier, Mr

The government's win of a long-contested dispute over telecom fees could end up a pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country's three main carriers.

Vodafone Idea Ltd, the country's biggest carrier by user numbers, is widely regarded as most on the ropes, with

The Reserve Bank on Friday sent the troubled mortgage lender Dewan Housing Finance (DHFL) forbankruptcy proceedings, making it the first financial services player to go NCLT for a possible debt resolution.

Last week, the central bank had superseded the

In a bid to help the non-banking finance companies (NBFCs) and real estate companies, the Centre is considering more relief measures for both stressed sectors. In the past few months the government has announced few measures to ease liquidity and the credit crunch in the economy.

According to sources, the government is weighing the option of

The government will make hallmarking for gold jewellery and artifacts mandatory from January 15, 2021, to ensure quality, Union Consumer Affairs Minister Ram Vilas Paswan said on Friday.

The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory. However, one year period will be provided

Domestic stock markets started Friday's session on a lower note, after benchmark indices S-P BSE Sensex and NSE Nifty ended at record closing highs for two straight days. The Sensex index fell as much as 168.58 points to hit 40,961.59 on the downside in early deals,

Gold prices were last seen at Rs 37,920 per 10 grams in the national capital on Thursday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its

The bad news is getting worse for the economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout.

Data on Friday will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below

The S-P BSE Sensex and NSE Nifty 50 indexes broke their two-day record-breaking run on Friday ahead of the second quarter gross domestic product (GDP) data due later in the day. In a poll conducted by news agency Reuters, economists expect GDP growth to come in at 4.7 per cent in

Domestic fuel prices were hiked by 4-6 paise per litre in the metros on Friday. That marked a marginal revision in the price of petrol in Delhi and Mumbai after two days of no change. In case of diesel, the upwards revision in rates followed four

The S-P BSE Sensex and NSE Nifty 50 indexes extended their record-breaking run for second straight session led by gains in ICICI Bank, Reliance Industries, IndusInd bank, Tata Consultancy Services, Infosys and State Bank of India. For most part of the day, Sensex and Nifty

The S-P BSE Sensex and NSE Nifty 50 indexes extended declines in afternooon deals ahead of the economic growth (GDP) data due to be presented by the government later in the day. Weakness in heavyweights like Reliance Industries, ICICI Bank, HDFC, Tata Consultancy Services,

The Ministry of Corporate Affairs (MCA) has informed the Delhi High Court that it is examining the inspection reports of Indiabulls Housing Finance (IBHFL) and Indiabulls Venture Ltd and did not find irregularity in loans given to the five companies as alleged by a PIL.

The ministry, in its affidavit submitted in the court, however, said

Efforts are on to revive the public sector BSNL and MTNL and make them professional, the government informed Rajya Sabha on Thursday while noting that the VRS scheme for existing employees is receiving an encouraging response.

Communications minister

With a view to become more nimble and have a sharper focus on growth and profitability, ride-hailing platform Ola has decided to restructure and redesign the company, starting with trimming its 4,500-strong workforce by 5-8 per cent which will be

Government plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10 per cent of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations.

Such

India's economy probably expanded at its weakest pace in more than six years in the quarter to September, a Reuters poll showed, as consumer demand and private investment weakened further and a global slowdown hit exports.

The median of a poll of economists