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RBI's MPC meet on Oct 7-9 as Centre appoints external members

RBI's MPC meet on Oct 7-9 as Centre appoints external members

06-10-2020  comments

Mumbai (IANS) The Reserve Bank of India will announce the monetary policy on October 9 as the Monetary Policy Committee (MPC) will meet during October 7-9.

The announcement by the Central bank comes after the government filled the vacancies…

Foreign firms flouting MSME tendering norms: CEAI to Gadkari

Foreign firms flouting MSME tendering norms: CEAI to Gadkari

06-10-2020  comments

New Delhi (IANS) An engineering professionals body has written to Union Minister Nitin Gadkari alleging that foreign companies are flouting the MSME tendering norms.

The Consulting Engineers Association of India (CEAI), in a letter to Gadkari,…

India's economic fundamentals remain strong, says BSE chief

India's economic fundamentals remain strong, says BSE chief

05-10-2020  comments

Mumbai (IANS) Despite Covid-induced moderation, India's economic fundamentals remain strong, thereby retaining investors' interest, contended the chief of the Bombay Stock Exchange.

In a conversation with IANS, BSE MD and CEO Ashishkumar…

Centre to pay GST compensation cess, IGST dues on Monday: FM

Centre to pay GST compensation cess, IGST dues on Monday: FM

05-10-2020  comments

New Delhi (IANS) The Centre will disburse GST compensation cess amounting to Rs 20,000 crore to the state government on Monday night, Finance Minister Nirmala Sitharaman said.

The decision was taken during the GST Council meet held on Monday.

Adani Ports acquires Krishnapatnam Port Company

Adani Ports acquires Krishnapatnam Port Company

05-10-2020  comments

Mumbai (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) on Monday announced the completion of the acquisition of Krishnapatnam Port Company Ltd, (KPCL) for an enterprise value of Rs 12,000 crore.

It will result in APSEZ having a…

IT stocks surge as US judge blocks H-1B visa ban

IT stocks surge as US judge blocks H-1B visa ban

05-10-2020  comments

Mumbai (IANS) IT stocks witnessed a rally on Monday on the back of a recent order by a US federal judge blocking the enforcement of a temporary visa ban by President Donald Trump's administration on several work permits, including the H-1B visa.

Intel expands 5G networking solutions in a $25bn market

Intel expands 5G networking solutions in a $25bn market

04-10-2020  comments

New Delhi (IANS) Eyeing a bigger pie of the growing 5G networking market, chip giant Intel has announced an expanded lineup of hardware, software and solutions for network infrastructure.

As the telecommunications industry transitions to 5G,…

Royal Enfield sees steady demand recovery powered by Tier-II, III cities

Royal Enfield sees steady demand recovery powered by Tier-II, III cities

04-10-2020  comments

New Delhi (IANS) Improved customer sentiment along with healthy demand from tier-II and III cities has lightened up the demand prospects for mid-size motorcycle major Royal Enfield.

The company has witnessed the 'green shoots' of accelerated…

Accounts not performing due to delay won't be labelled NPAs: Centre

Accounts not performing due to delay won't be labelled NPAs: Centre

03-10-2020  comments

New Delhi (IANS) The Centre has informed the Supreme Court that accounts becoming non-performing due to bank's or any other delay need not suffer the label of Non-Performing Assets (NPAs).

The Centre said concerns have also been expressed…

Higher demand accelerated Sep manufacturing growth: PMI

Higher demand accelerated Sep manufacturing growth: PMI

01-10-2020  comments

New Delhi (IANS) Higher demand accelerated India's manufacturing sector growth in September.

Additionally, the IHS Markit India Manufacturing Purchasing Managers' Index (PMI) report released on Thursday cited a renewed expansion in…

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