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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

Vehicle loans: Low auto sales slow down festive demand at banks

Tepid sales of cars and bikes during the Navratra festival period and even ahead of Diwali have resulted in a dull festive season for banks.

Diwali boost for Amazon, Flipkart! E-tailing giants claim bumper sales

With festive sales drawing to a close, e-tailing giants Amazon and Flipkart have claimed bumper sales on their platforms, and that they were ahead of the competition, as they received orders from cust

Samvat 2074: Sensex, Nifty end higher

The benchmark indices on Tuesday ended a highly volatile session in the green on firm Asian cues, finishing Samvat 2074 higher by over 7%.

Donald Trump’s stock market performance best in 64 years

US President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business

Disinvestment: Revamped CPSE ETF to bag Rs 8,000 crore, govt to rejig fund with four new stocks

Govt to rejig fund with 4 new stocks, including MOIL & KIOCL; issue later this month.

MSMEs: Loan losses high in sector, but banks continue to lend

RBI data show defaults by MSMEs rose to 13.08% for PSBs at March-end this year against 12.56% last year.

IL&FS fallout: HFC stocks take a beating

Non-banking housing finance companies are facing a liquidity stress, and they need to review their funding model for sustainable growth, corporate affairs secretary Injeti Srinivas said on Monday.

Racial bias? Indian IT giant TCS set to go on trial over firing Americans

The company is set to go on trial in California over racial discrimination claims by American workers who lost their jobs at TCS offices in the US because they hadn’t been assigned to any of its cli

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