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FPI boost: Rupee remains stable in 2019, down just 1.7%

According to latest data available on the department for promotion of industry and internal trade (DPPIB) website, total FDI flows into India stood at over $39 billion between January and June 2019.

In contrast, the picture was completely different in 2018 when the rupee depreciated by over 13% between January and October, with foreign investors dumping both equities and bonds. News

Southern States defying economic slowdown, here’s why

As per Nielsen's India FMCG Growth Snapshot for the quarter ended September 2019, the north India market has seen maximum impact of consumption slowdown, where volume growth remained almost flat at 1%

economy slowdown, economic slowdown, gdp, boosting economy, sensex, market News

ICICI Bank profit slides 28% y-o-y on one-time tax hit

ICICI Bank’s gross NPA ratio at the end of September stood at 6.37%, 12 bps lower than 6.49% at the end of June, while the net NPA ratio decreased 17 bps sequentially to 1.6% from 1.77% as on June 3

The bank is unsure about the impact of the recent court ruling on telecom companies’ adjusted gross revenue (AGR). News

SC verdict: Bharti says AGR demand threatens survival

On Thursday in response to the SC order, Bharti Airtel had said the operators have invested billions of dollars in developing the sector and this decision has come at a time when the sector is facing

Industry News

Telecom woes: Vodafone Idea to approach Centre for relief

The companies will now be required to include the non-core income for calculation of AGR, which would require them to pay the government as much as Rs 92,641 crore extra, including disputed demand, in

Industry News

Good show: Modest rise in spends, higher yields help boost SBI numbers

The domestic net interest margin (NIM) —a key measure of profitability — rose 21 basis points (bps) sequentially to 3.22%.

Banking & Finance News

PMLA-IBC ‘conflict’: NCLAT asks ED, MCA to reach consensus

The tribunal has now said it held the prima facie view that if assets are seized by the ED and these turn out to be purchased out of proceeds of crime, then ED would have claim on them as ‘operation

Industry News

Reliance to form subsidiary for digital initiatives, invest Rs 1.08L crore

He added that given the reach and scale of its digital ecosystem, the company has received strong interest from potential strategic partners.

Industry News

Kharif 2019: Mandi price of nine crops up to 37% below MSPs

In other states there is very little progress in procurement as crops have high moisture content with rains lashing in many parts even in end of September.

Economy News

Festive cheer: Gold glitters on Dhanteras but demand outlook still fragile

Rajiv Popley, director at Popley Group, said: “People, who had deferred purchases earlier this fiscal, are back in the market, as prices have fallen marginally. As a company, so far today, we saw a

Commodities News

SC verdict a body blow for stressed Vodafone-Idea, Bharti Airtel

Since the same principle would apply to spectrum usage charges, the amount would go up by another Rs 41,000 crore according to DoT’s calculations.

Industry News

Assembly election results 2019: BJP retains Maharashtra, falls short in Haryana

As the results came in, chief minister Devendra Fadnavis conceded his party’s failure to contain “rebels” which, he said, held back the BJP from reaching its target.

India News

Haryana assembly elections 2019: BJP bruised by Hooda’s Congress, Dushyant Chautala JJP

Of these, Abhay Chautala of INLD, who recorded the only win for his party, has already rejected Hooda’s call to support the Congress.

India News

Dry spell: Non-food credit grows at a slow 8.7%

Between September 27 and October 11, non-food credit grew a mere 0.22% to Rs 97.28 lakh crore, according to provisional data released by the Reserve Bank of India (RBI).

Economy News

Report card: India up 14 spots in ease of doing business rankings

However, India’s performance is still below par in enforcing contracts, registering property, starting a business and paying taxes.

Economy News

Samvat 2075: Poor showing by broader markets eclipses rally in benchmarks

The sharp deceleration in the economy — GDP growth fell to 5% in Q1FY20, the lowest growth in 25 quarters — disappointed investors. Most economists as also the Reserve Bank of India (RBI) have low

Markets News

Festive shopping: Apparel sales up, beat slowdown blues

Fabindia, which claims to have had a good Durga Puja and Ganesh Chaturthi, is looking at about 15% sales growth year-on-year this Diwali.

Industry News

Dr Reddy’s recalls Ranitidine from US market

OTC ranitidine products are mainly used to prevent heartburn associated with acid indigestion and sour stomach brought on by eating or drinking certain foods and beverages.

Industry News

Why no disclosure, BSE asks Infosys

The company received the whistleblower letter on September 30 and placed it before the audit committee on October 10 and before the non-executive members of the board on October 11.

Markets News

Minimum support prices for winter crops up 5-7%

Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procu

Economy News

BSNL and MTNL to merge, Centre announces Rs 70,000 crore revival package

Further, while Bharti has a total workforce of around 16,000, Vodafone Idea employs around 9,000.

Industry News

Contagion risk in financial sector: Fitch says 30% of banks’ NBFC exposure could turn bad

Fitch said the difficult market environment could persist in the near term and put the resilience of the non-banking financial companies (NBFCs) through a rigorous test.

Banking & Finance News

Street nervous: Infosys chairman Nilekani reassures investors, says allegations will be probed

Credit Suisse noted the allegations could weigh on  the stock, whether proven right or not.

Industry News

American firm readies class action suit against Infosys on whistleblower allegations

These kind of lawsuits are common in the case of stocks listed in the exchanges in US whenever there’s some negative news related to companies which see a drop in share prices.

Industry News

Nobel laureate Abhijit Banerjee meets PM Modi, backs bureaucratic reforms

In his recent interviews, Banerjee said the government’s move last month to sharply cut the corporate tax rates might not reverse a demand compression

India News

Piling up: Air India debt rises Rs 5,000 crore in H1

The AI’s debt and liabilities were inclusive of long-term and short-term loans and other dues such as to state-run oil companies.

Industry News

India-US trade: Contours of a deal almost final, says Union minister Piyush Goyal

On India-US trade ties: “Both I and USTR Robert Lighthizer have understood that we have huge potential... We will hopefully come out with a first set of agreements soon... But we both believe India

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