The removal of various restrictions on trade lifted India’s exports six times in nine years through 2011-12 to over $300 billion, eminent economist and former vice-chairman of Niti Aayog, Arvind Panagariya, said on Saturday
The fragile peace between the finance ministry and the central bank was ruptured on Friday when economic affairs secretary Subhash Chandra Garg took a pot shot at Reserve Bank of India (RBI) deputy governor Viral Acharya’s
In a move aimed at easing a liquidity crunch faced by non-bank lenders, the Reserve Bank of India (RBI) on Friday allowed banks to offer partial credit enhancement (PCE) to bonds issued by non-banking financial companies (NBF
Punjab National Bank (PNB), the country's second-largest public sector lender on Friday reported a net loss of Rs 4,532 crore in the September quarter of FY19, against a net profit of Rs 561 crore a year ago as provisions soa
Bogged down by the twin blows of demonetisation and the goods and services tax (GST), the country’s micro, small and medium enterprises (MSMEs) on Friday received a shot in the arm, with the Prime Minister Narendra Modi unv
Higher operational efficiencies and lower finance cost boosted Hindalco Industries' standalone net profit, which jumped over 54% on a year-on-year basis to `725 crore for the three months of July-September 2018. The numbers i
The net profit of Indian Oil Corp (IOC) for the second quarter of the current fiscal dropped 12% to Rs 3,247 crore, compared with Rs 3,696 crore, owing to lower margins and foreign exchange losses, a factor which also affecte
Mahindra Truck and Bus (MTB), the commercial vehicle arm of Mahindra and Mahindra, on Friday launched Blazo X- heavy commercial vehicle (HCV) range of trucks. Blazo X is an upgrade of Mahindra’s existing Blazo range in term
Coal India supplied 22.20 mt more coal to the power sector during April to October this fiscal than what it did a year ago during the same period. Coal offtake to India’s thermal power plants from CIL sources was up at 272.
Monthly goods and services tax (GST) collections breached the Rs 1-lakh-crore mark for the second time since its launch in July last year for September (collected in October), giving the Centre some hope that the wide revenue
India has decided to defer its plan for a third time to retaliate against extra US duty on its steel and aluminium, even as the Trump administration on Thursday withdrew the benefit of concessional tariffs under its so-called
Domestic carriers are projected to post the steepest losses in a decade in the current fiscal owing to higher aviation turbine fuel (ATF) costs and falling rupee, rating agency Crisil said in a report on Thursday.
Despite a temporary easing in tension between the finance ministry and the central bank, differences could surface again when the Reserve Bank Of India's board meets next on November 19, as the ministry will likely take up th
After Uttar Pradesh amended the APMC Act in conformity with the model draft law framed by the Centre in April 2017, the Maharashtra government, last week, promulgated an ordinance allowing the traders to buy farm items from m