IIP growth

IIP growth slips to 0.5% in November, lowest in 17 months

Industrial production (IIP) growth slipped to 0.5 per cent against 8.4 per cent a month ago and 8.5 per cent a year ago, according to the government data released on Friday. The November IIP...
Arun Jaitley

GST exemption limit doubled to give relief to small businesses

Providing some relief to small businesses under the Goods and Services Tax (GST) regime, Finance Minister Arun Jaitley raised the annual turnover for availing composition scheme to Rs 1.5 crore from Rs 1 crore...
Nandan Nilekani

Nandan Nilekani to head RBI committee on digital payments

The Reserve Bank of India on Tuesday appointed Infosys co-founder Nandan Nilekani as chairman of a committee to look into the digitisation of payments in India. Nilekani, who is known as the architect of the...
BOB

Cabinet approves merger of Dena, Vijaya Bank with Bank of Baroda

NEW DELHI: The Union Cabinet on Wednesday approved the first-ever three-way merger in the history of Indian banking with the amalgamation of state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB). "There will be...
sensex

Sensex rallies over 300 points, Nifty reclaims 10,800 level

BSE benchmark Sensex on Friday rallied over 300 points and NSE Nifty reclaimed the 10,800 mark on firm global cues, heavy foreign fund inflow and strengthening rupee. Extending gains for the third session, the 30-share...
Sensex

Sensex cracks over 350 pts on global selloff; Nifty below 10,600

Mumbai, Dec 26 (PTI) Domestic equities benchmark BSE Sensex plunged over 350 points Wednesday as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff...
foreign funds outflow

Foreign fund outflows highest since 2008

For the Indian equity markets, year 2018 will end as the worst in terms of foreign money outflows since 2008 when markets across the globe were reeling under the sub-prime crisis and Lehman Brothers...
Urjit Patel resignation

Urjit Patel resigns as RBI Governor with immediate effect, cites personal reasons

Reserve Bank of India Governor Urjit Patel has resigned. Patel said he was resigning on account of personal reasons. There has been speculation of his resignation after deputy governor Viral Acharya's speech last month that...
Air India

Government eyes Rs 9,000 crore from sale of land, realty assets of Air India

The Government expects to mop up about Rs 9,000 crore by selling off land and real estate properties of debt laden Air India, an official said Monday. The sale of land, building and other realty...
GDP

Expect India’s real GDP to grow 7.2% in FY 18-19, says Moody’s

Moody’s Investors Service Monday said it has a stable outlook on the Indian banking system for the next 12-18 months as economic growth prospects remain healthy amid weak, but stabilising, asset quality. The stable outlook...

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