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IMF Chief Economist Gita Gopinath said they are projecting India's economic growth for 2020 to 7 per cent

New Delhi: 

The International Monetary Fund (IMF) has projected India's economy to grow to 7 per cent in 2020 after downgrading it to 6.1 per cent this year, its Chief Economist Gita Gopinath told TheIndianSubcontinent in an exclusive interview

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Finance Minister Nirmala Sitharaman is currently on an official tour to Washington DC.

Finance Minister Nirmala Sitharaman gave a call for 'concerted action' to mitigate the disruption on account of synchronous slowdown and to invoke the spirit of multilateralism for global growth during the Development Committee meeting of IMF and World Bank in

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At 11:12 am, Reliance Industries' market value stood at Rs 9,00,158.87 crore on the BSE

Billionaire Mukesh Ambani-led Reliance Industries became the country's most valuable company after its market capitalisation or market value topped Rs 9 lakh crore for the first time on Friday. RIL shares rose more than 2 per cent to touch a record high of Rs

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Tripura Chief Minister Biplab Kumar Deb flagged off the AirAsia operations.

Agartala: 

Low-cost carrier AirAsia on Sunday launched flights from Agartala to Delhi, Kolkata, Guwahati and Imphal in Manipur.

Tripura Chief Minister Biplab Kumar Deb, accompanied by Transport and Tourism Minister Pranajit Singha Roy and two Lok Sabha Members -- Pratima

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The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.

"We believe India still has limited fiscal space so they have to be

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Mumbai: 

The resolution plans of debt-laden shadow lender Dewan Housing Finance Corporation Ltd (DHFL) have hit a roadblock after the custodian of DHFL bonds said on Thursday it is taking the firm to bankruptcy court on behalf of certain debenture holders.

The application was filed on October 16 in the Mumbai Debts Recovery Tribunal to claim Rs

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No interest is paid on SBI FDs which remain for a period of less than seven days, according to SBI.

State Bank of India or SBI offers a premature withdrawal facility with its fixed deposit (FD) accounts. Through its premature withdrawal facility, SBI enables its customers to liquidate a fixed deposit before the end of its term. However, the closure

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In the wake of a number of resignations in listed companies off late, the Securities and Exchange Board of India (Sebi) on Friday floated stricter disclosure norms for resignation of auditors.

In a circular, the regulator said that listed entities should disclose the detailed reasons to stock exchanges in case of resignation of its auditor within

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Domestic stock markets are likely to start Friday's session on a lower note, a day after benchmark indices hit a three-week high rising for five straight sessions. At 8:30 am, the Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - were down 39.50 points - or 0.34 per cent -

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RJIL has so far paid nearly Rs 13,500 crore as net IUC charges to the other operators.

New Delhi: 

Reliance Jio has hit out at the telecom regulator TRAI or Telecom Regulatory Authority of India for issuing a fresh consultation paper on seeking opinion of industry on the extension of existing Interconnect usage charge (IUC) regime beyond 2020. The

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Piyush Goyal suggested a probe if any e-commerce major is violating the norms.

India's retail battle between brick and mortar stores and the online marketplace intensified during the festive season of Diwali after the Commerce Minister Piyush Goyal suggested a probe if any e-commerce major is violating the norms.

The commerce minister said,

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The grounded Jet Airways owes over Rs 8,000 crore to its lenders.

New Delhi: 

In a major breakthrough for India's insolvency mechanism which is still in its evolving stage, Jet Airways would be the first Indian company to undergo insolvency proceedings under the Cross Border Insolvency Protocol along with the Insolvency and Bankruptcy Code (IBC) of

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Jio is offering four bundle plans under this offer, priced at Rs 808, Rs 1,006, Rs 1,501 and Rs 1,996.

Reliance Jio Infocomm, a subsidiary of Reliance Industries Limited (RIL), has announced a promotional scheme that enables a user to gift its 4G-enabled feature phone, JioPhone, to another person at a

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Reliance Jio has said it would charge its customers 6 paise per minute for calls made to other networks

Reliance Jio Infocomm - the telecom arm of Reliance Industries - on Friday reported a net profit of Rs 990 crore for the second quarter of current financial year. Reliance Jio's net profit rose 45.37 per cent compared to the corresponding period

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Netflix's series, "Sacred Games", faced a court challenge last year over "offensive scenes".

NEW DELHI/MUMBAI: 

Government is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told Reuters.

While film and TV certification bodies already moderate public content in India, the

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Ms Sitharaman stated that US Treasury Secretary Steve Mnuchin is expected to visit India soon.

Union Finance Minister Nirmala Sitharaman on Saturday said that a rise in interest rates that have fallen due to a global economic slowdown is largely dependent on India and China's growth estimates.

"The rise in interest rates is largely dependent on

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Reliance Industries' gross refining margins (GRM) improved to $9.4 per barrel.

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a net profit of Rs 11,262 crore for the quarter ended September 30. That marked an increase of 18.35 per cent from Rs 9,516 crore in the corresponding quarter last year. The oil-to-telecom

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Decrease in petroleum products exports during August 2019 was due to decrease in all exports.

New Delhi: 

The oil sector seems to be latest addition to the list of sectors facing stress due to the ongoing economic slowdown. For the first time in many months, both oil demand and imports have witnessed a sharp fall indicating that poor health of the

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Bank strike on October 22: The unions said that the strike call is to oppose bank mergers.

Two unions of bank employees have called a strike on October 22 to oppose the mega merger of 10 state-run banks into four. The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have proposed an all-India strike on

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The Reserve Bank of India's Monetary Policy Committee favours cutting interest rates and continuing with an accommodative stance until the economy is firmly on a recovery path, its minutes showed.

A significant moderation in domestic demand at a time when inflation is seen staying well within mandated targets provides adequate monetary policy space

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Very few financial institutions -- just 14 per cent -- believe they are innovation pioneers.

Bengaluru: 

Digital transformation has a long way to go as only 17 per cent of banks globally have succeeded in digitally transforming at scale, according to a new report released on Thursday by Infosys Finacle and non-profit organisation Efma.

Legacy

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The market breadth was positive in two out of the five trading sessions of last week.

Mumbai: 

The markets may react to British Parliament's vote to delay a decision on Boris Johnson's new Brexit deal next week.

Besides, the way ahead will depend on the portfolio investments, which have been strong during the last 5 sessions.

On Thursday, the Sensex

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Krishnamurthy Subramanian said government has asked banks to buy out assets from the crisis-hit NBFCs.

New Delhi: 

Government plans to take more steps to boost consumer demand including injecting liquidity through banks and simplifying personal taxes, a top government economic adviser said on Friday, in a bid to raise economic growth from six-year

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The rupee had settled at 71.43 against the US currency on Wednesday.

The rupee gained by 27 paise to end at 71.16 against the dollar on Thursday. The currency opened at 71.38 and moved in a range of 71.14-71.47 during the session before paring some of the gains by the end of the session. According to

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The brokerage said the bank was set for earnings recovery after a long lull.

New Delhi: 

The State Bank of India's (SBI) earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from large National Company Law Tribunal (NCLT) resolutions and normalisation in credit

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The overall market breadth was extremely positive as 1,285 shares ended higher.

The S-P BSE Sensex and NSE Nifty 50 index logged in sixth straight day of gains led by gains in Reliance Industries, HDFC Bank, Larsen - Toubro, Maruti Suzuki and Tata Consultancy Services. The Sense rose as much as 309 points to hit an intraday high of

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Last month, SpiceJet announced the launch of 46 new non-stop flights on its domestic network.

SpiceJet on Thursday announced new flights on its domestic as well as international network. The carrier will operate flights on the Chennai-Thiruvananthapuram and Thiruvananthapuram-Male routes from November 20, 2019 at a starting all-inclusive price of

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HDFC Bank's asset quality showed a slight improvement in July-September period.

The country's largest lender by market capitalisation - HDFC Bank - on Saturday reported that its net profit rose 27 per cent to Rs 6,345 crore in the quarter ended on September 30. HDFC Bank had posted net profit of Rs 5,005.73 crore in the same quarter a year ago.

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HDFC Bank has started stamping the passbooks of its account holders.

HDFC Bank has started stamping the passbooks of its account holders with information about the deposit insurance cover. The stamp text by HDFC Bank - India's largest private sector lender in terms of market capitalisation - reads: "As per the Reserve Bank of India's circular dated

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Bank strike In October: The unions said that the strike call is to oppose bank mergers.

Two trade unions of bank employees have proposed an all-India strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four. "We can easily understand that mergers are a prelude to

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