Kashmiri apple growers, cricket bat makers face losses

Aug 22 (IANS) Continuous lockdown in Jammu and Kashmir is having a big impact on apple farming in the Valley. With the harvesting season just round the corner, Kashmiri apple growers are a... Read more »

Economy doesn’t need fiscal stimulus to tackle slowdown: CEA

Aug 22 (IANS) Chief Economic Advisor (CEA) K. Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown. Speaking at the Hero Mindmine Summit... Read more »

Centre to complement RBI’s efforts to beat slowdown

Aug 22 (IANS) The government is expected to take policy measures to complement Reserve Bank of India’s rate cut for reversing the slowdown in economy, NITI Aayog Vice Chairman Rajiv Kumar told IANS.... Read more »

Slowdown woes: Parle may lay off 10,000 employees

Aug 21 (IANS) Popular Indian biscuit maker Parle Products may cut up to 10,000 jobs owing to the prevailing macro-economic situation, according to a company executive. Rural distress has taken a heavy toll... Read more »

Voda-Idea loss triggers Rs 21.5K cr m-cap loss in Birla firms

Aug 21 (IANS) The unabated losses at Vodafone-Idea are eroding the value of other Aditya Birla Group firms, whose combined m-cap declined by a whopping Rs 21,431 crore on August 20, days after... Read more »

Vietjet to begin direct India-Vietnam flight

Aug 20 (IANS) Vietnam-based airline Vietjet on Tuesday said that it will commence direct flight operations between India and Vietnam from December. Commencing on December 6, the New Delhi-Ho Chi Minh City route... Read more »

Broadcasters wary of TRAI decision on review pricing

Aug 20 (IANS) Broadcasters have raised concerns over the Telecom Regulatory Authority of Indias (TRAI) decision to review the issue of pricing, barely eight months after implementing the new tariff order. They fear... Read more »

SBI waives processing fee on car loans in festival season

Aug 20 (IANS) State Bank of India (SBI), the country’s largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales.... Read more »

Amid slowdown, RBI Governor hints at softer approach on rates

Aug 19 (IANS) Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the... Read more »

Paytm promotes CFO Madhur Deora as President

Aug 19 (IANS) Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora... Read more »

SBI extends credit period for auto dealers by 15-30 days

Aug 18 (IANS) India’s largest lender, the State Bank of India, on Sunday said that it is extending the repayment period for stressed automobile dealers by 15-30 days to help them out of... Read more »

Market borrowings touch 57% of Budget Estimates in June

Aug 17 (IANS) The government’s market borrowings have touched Rs 2.54 lakh crore, which is 57 per cent of the Budget Estimates, as of June 2019. The budgeted market borrowing is Rs 4.48... Read more »

Coffee Day group’s outstanding debt at Rs 4,970 cr

Aug 17 (IANS) The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crore, including Rs 4,796 crore secured loans and Rs 174 crore in unsecured loans. “The management... Read more »

Slowdown: Hyundai Motor India lists ‘no production days’

Aug 17 (IANS) India’s second largest car maker, Hyundai Motor India Ltd (HMIL) has declared “no production days” this month for some of its production departments owing to tough market conditions for the... Read more »

‘The great gold bull market has begun’

Aug 17 (IANS) Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on... Read more »

Govt will invest Rs 100 lakh cr on developing infrastructure: Modi

Aug 15 (IANS) Prime Minister Narendra Modi on Thursday said his government will invest Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian... Read more »

Uzbekistan to introduce visa-free travel for 20 countries

Aug 14 (IANS) In a bid to boost tourism, Uzbekistan will introduce 30-day visa-free travel for tourists of 20 countries, mostly Central American ones, from January 1, 2020, according to a presidential decree... Read more »

ONGC’s Q1 standalone net profit down 3.9%

Aug 13 (IANS) Diversified energy major ONGC on Tuesday reported a decline of 3.9 per cent in its standalone net profit for the quarter ended June 30, 2019. According to the company, the... Read more »

Persistent slowdown pushing several sectors to recession

Aug 13 (IANS) Global stock markets are falling, gold price are touching life-time highs and the inversion of bond yield curve is signalling a possible global recession in the near future. India on... Read more »

Centre working on stimulus package to check economic slowdown

Aug 13 (IANS) The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures... Read more »