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FE Bureau
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Hawkish RBI minutes: Bond yields spike, rupee collapses
Tone differs from April statement; rupee at over one-year low, yield at a one-month high on rate hike fears
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Krishnapatnam Port’s cargo handling rises 25% in FY18
Krishnapatnam Port Company (KPCL), the largest all-weather deep water port on the east-coast, has handled 45 million tonne (MT) of cargo in 2017-18, achieving a 25% growth over 36.10 MT handled in the last fiscal, and has set a target to achieve 55 MT in the current fiscal.
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What explains the cash crunch?
The government has stepped up printing of currency notes to meet the temporary shortage of currency notes at ATMs in half a dozen states.
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Government renames millets as Nutri Cereals
The government has renamed jowar, bajra, ragi and other millets as “Nutri Cereals”, dispensing with the nomenclature “coarse cereals”.
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Telangana, Kerala barter notes on inland fishing, road safety
Just as the Telangana government is planning to come out with a Kerala model road safety legislation, the Kerala government is readying to pay back the compliment by taking a leaf from Telangana’s success with inland fish harvest.
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Fiscal needs: Finance Commission assures Tamil Nadu
NK Singh, the chairman of the 15th Finance Commission, on Thursday assured a delegation, led by deputy chief minister and finance minister of Tamil Nadu O Pannerselvam, that fiscal needs of each state will be individually assessed and their special characteristics will be kept in view.
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‘Lower roads target for FY19 casts shadow over Bharatmala’
Icra on Thursday said the Ministry of Road Transportation and Highways’ target of awarding 20,000 km in FY19 has increased challenges for the Bharatmala programme.
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IPL: Star claims highest first-week viewership with 371 million users
A total of 371 million viewers tuned in to watch the Vivo Indian Premier League (IPL) during the first week between April 7 and 13, data released by Star India showed.
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SC allows Sahara to sell part of Aamby Valley property by May 15
The Supreme Court on Thursday allowed Sahara Group to sell a part of its flagship property Aamby Valley City Project in Maharashtra and deposit the sale proceeds into the Sebi-Sahara account by May 15.
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Reliance Power Jan-Mar net increases 16%
Reliance Power on Thursday reported improved operational efficiency and margins in the January-March quarter compared with the same quarter last year, leading to a 16% growth in its net profit at Rs 250.47 crore.
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Agitating drivers gatecrash Uber COO press meet
Uber chief operating officer (COO) Barney Harford, who is on a four-day visit to India, was in for a surprise when a group of driver-partners started agitating during a press conference in Hyderabad, where Harford announced Uber’s collaboration with the Hyderabad Metro Rail (HMRL)
Uber has entered into a partnership with HMRL to provide last-mile connectivity by setting up kiosks at 24 stations across Hyderabad. -
IndusInd Bank profit jumps 27% on NII push
However, bad loans surged as the lender disclosed a Rs 1,350-crore divergence in NPAs it reported for FY17
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‘New recognition norms are a stepping stone to IndAS’
The Reserve Bank of India’s (RBI) guidelines on reporting one-day default in large-ticket accounts will be a stepping stone under the Indian Accounting Standards (IndAS), Romesh Sobti, MD and CEO, IndusInd Bank, told reporters. Excerpts:
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MPC minutes signal shift to a more hawkish RBI stance
Taking a stance far more hawkish than suggested in the last policy review, members of the monetary policy committee (MPC) flagged a litany of risks to inflation and hinted at a rate hike in minutes of their April meeting.
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NCLT defers decision on Jayaswal Neco’s fate till SC’s July 2 hearing
A decision on the future of loss-making Jayaswal Neco is likely only in July, after the Supreme Court hearing on July 2.
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4th quarter: TCS beats expectations on most parameters
Strong demand in digital boosts net profit; revenue too comes in above what was predicted
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Air India sale: Not looking for airlines alone, says government
Amid reports that domestic private airlines have developed cold feet in bidding for Air India due to the tough conditions and doubts about the worth of the state-run carrier, a top finance ministry official on Thursday said not just airlines but other firms having sufficient net worth and the ability to run AI could buy the 76% stake on the block.
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Race for Essar Steel: ‘First Arcelor Mittal, Numetal bids valid’
NCLT faults RP, CoC for ‘not following due procedures’; holds inviting second round of bids ‘invalid’
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India’s learning crisis: It’s time to act
That country is suffering from education crisis is clear. Now we need to fix the system. Better pre-service teacher training coupled with transparent and merit-based recruitments is the lasting solution
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Unpicking ‘x’ as a service trend: In the always-connected world, anyone can become a communications service provider
In the always-connected world, anyone can become a communications service provider
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Indian Petrochemicals Sector: The prize is there for the taking
India needs 20 world-scale crackers—facilities that turn petroleum into petrochemical products—between now and 2030 to be self-sufficient
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Scoring higher on brand value: Hyundai India says it is gradually strengthening its brand power
Hyundai India says it is gradually strengthening its brand power
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BMW launches the third generation of the X3 in India, priced from Rs 49.9 lakh onwards
BMW launches the third generation of the X3 in India, priced from Rs 49.9 lakh onwards
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Life Insurance: Protection growth to drive future profitability
Rise in savings and gradual increase in the share of insurance funds in net financial savings will be key to the growth of life insurance sector
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Prices of unsold houses drop 7% in Jan-Mar 2018: Report
Prices of unsold housing units declined by 7% during the first quarter (January-March) of 2018 from the previous quarter in the nine key cities across the country as developers reduced property rates in a bid to boost sales, a report by PropEquity said.
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Supreme Court: Pleas to probe Loya’s death attempt to scandalise judiciary
Dismissing a batch of petitions seeking an independent probe into the alleged mysterious death of special CBI judge Brijgopal Harikishan Loya, the Supreme Court on Thursday said that the petitions were serious attempts to scandalise and obstruct the course of justice.
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Cash shortage: Government, banks up supplies
According to an SBI Ecowrap report, the apparent shortfall in cash could be around Rs 70,000 crore or even less.
Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
Assam Budget proposes new schemes for women, education sector
Assam Finance Minister to present first e-Budget tomorrow
No fresh tax in Rs 41,440 cr Himachal budget for 2018-19
Andhra Pradesh Budget 2018: YSR Congress to boycott session starting tomorrow
Budget 2018: Opposition set to corner government in Parliament on financial scams
Budget 2018: UPA’s and NDA’s starkly differing priorities
Why universities need better budgetary support
Budget 2018: Madhya Pradesh Assembly’s financial session to begin tomorrow
