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Good news on job front: IT, healthcare, retail hiring in FY 2019; FMCG, telecom disappoint
Growth of 4.1% seen for FY19; IT, retail, healthcare among sectors looking up; telecom, FMCG disappoint
Government PSU dividend income may fall 20% short of budget this FY; here’s what PSU bosses say
Last year, dividend payouts by some CPSEs exceeded their net profits.
E-commerce surge sends malls to ICUs
With the vacancy levels hitting 28%, it’s unlikely malls in Ahmedabad are going to do well in the next three years.
Arvind Pangariya cautions: Import duty hikes can be counter-productive
Move to contain CAD doesn’t augur well for economy, he says.
GoAir for sale! Wadias looking to offload stake in airline business
The Wadia Group, which owns budget carrier GoAir, is looking for buyers for its 13-year-old airline.
Demonetisation, GST held back growth: Raghuram Rajan
Says 7% growth not enough; centralisation of power a problem.
Auction house Sotheby’s set to test India market, eyes Rs 63 crore in Mumbai sales
l Set for first auction in India; attracted by ‘inherent stability’ in the market.
RBI vs Finmin: Fiscal deficit under control, didn’t seek Rs 3.6 lakh crore from central bank, says Garg
As the spotlight is on the central bank’s Nov 19 board meet, DEA secretary says its capital framework is under review.
RBI vs Government: Parliament panel’s meeting with Reserve Bank governor called off
The parliamentary standing committee on finance has cancelled a crucial meeting with the RBI governor Urjit Patel that was scheduled to take place on November 12.
Supreme Court hearing on RBI circular next week, experts say scrapping of central bank diktat may kill IBC
According to experts, the RBI diktat is not stricter in comparison to the similar guidelines issued by other major central banks.
DGCA asks Jet, SpiceJet to take action
Aviation regulator DGCA has asked Jet Airways and SpiceJet to take corrective action to address possible issues with their Boeing 737 MAX planes that could lead to “significant altitude loss” of t
Demonetisation Anniversary: Government, Opposition in a verbal slugfest again
Demonetisation boosted tax base, reduced cash in circulation, stoked formalisation, says FM; it failed miserably, says Opposition, warns against more ‘unorthodox’ moves.
Flipkart, Amazon get Competition Commission’s clean chit
Neither Flipkart, nor Amazon were violating Section 4 of the CCI Act, 2002, which disallows abuse of dominant position, the Competition Commission of India (CCI) has ruled.
Modi government’s disinvestment drive: Dredging Corporation, enemy shares up for sale
Anxious to boost disinvestment receipts, the Cabinet on Thursday decided to dip into a portion of ‘enemy shares’ in its possession and sell Dredging Corporation of India to a clutch of state-owned
Samsung unveils foldable phone, here’s what we know so far
Samsung Electronics showed off a new phone with a foldable screen in a bid to shake up a smartphone business awash with black, shiny rectangles that look increasingly similar.
Budget 2018-19: Modi government may cut expenditure by Rs 50,000 crore
Move a small digression from NDA’s practice of not cutting budgetary expenditure; shortfall seen in disinvestment, telecom and GST receipts.
Mudra loan NPAs ease to 4.83 per cent from 6.15% a year ago
Value of outstanding loans on March 31 was Rs 2.02L crore, of which Rs 9,770 cr were NPAs.
MSP package: Farmers find price support elusive
An analysis of price data also showed that the average rates of seven crops including jowar, bajra, maize, urad and moong were 10-41% below MSPs in October.
Centre rejects Goa miners’ demand; no ordinance to resume Goa mining
The Centre has turned down a demand from Goa miners for resumption of the mining activity in the state through an ordinance, a move that could hit the country’s mining output growth.
Mutual funds: 78 per cent of equity schemes give negative returns
Close to 78% of the total 347 equity mutual fund schemes have registered negative returns in the last one year, with over 106 schemes giving negative returns of more than 10%
Growth slows in H1FY18, MSP hike could hit export prospects further
Farm exports, which had seen a big spike and showed potential of further acceleration during the UPA-2 government’s period, have lost some of that momentum under NDA’s watch.
Raghuram Rajan speaks: RBI is seat belt if Centre the driver, says former Reserve Bank of India Governor
‘RBI’s board must keep off operational decisions; extraordinary dividend by central bank could stoke inflation and up interest rates; govt right on NBFC liquidity issue’.
Don’t dig deep into central bank reserves, warn experts
Experts have cautioned against dipping into the contingency reserves of the central bank without careful analysis.
Happy Diwali for infra firms! RBI follows Modi government’s suggestions, relaxes ECB norms
Responding to the government’s suggestion that overseas borrowing norms be relaxed, the Reserve Bank of India (RBI) on Tuesday eased the rules under the ECB (external commercial borrowing) framework
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