CRISIL downgrades Vodafone Idea's debt on AGR liability

New Delhi (IANS) The downgrading spree continues for Vodafone Idea as rating agency CRISIL is the latest which downgraded its rating on Non-Convertible Debentures of Rs 3,500 crore.

"It is hereby informed that CRISIL, has downgraded its rating…

India, Brazil sign pacts to boost strategic partnership

New Delhi (IANS) In a major boost to their strategic partnership, Brazil and India on Saturday laid down a comprehensive action plan to enhance their cooperation in all areas, amid an economic slowdown.

While thanking President Jair Messias…

Household income nosedived after mining ban: Report

New Delhi (IANS) A new report on Thursday showed that household incomes depleted by more than half after the mining ban in states like Goa, Chhattisgarh, Jharkhand, Odisha and Karnataka.

According to the report by Forum for Integrated Development…

Structural reforms, fiscal measures key for growth: RBI Guv

New Delhi (IANS) Hinting at more steps to revive growth, Reserve Bank of India Governor Shaktikanta Das on Friday said that monetary policy alone cannot support growth and structural reforms and fiscal measures must continue for this purpose.

Cos to get extended tax withholding on ECB interest payout

New Delhi (IANS) Indian companies seeking foreign debt may continue to see its cost of capital fall amidst a rise in overseas investor interest with government looking to extend a concessional 5 per cent withholding tax on these overseas papers.

BSE to open for trade on Budget Day

Mumbai (IANS) The BSE will be open for trading on February 1, on account of the Union Budget, even though it will be on a Saturday.

Trading timings would be as usual starting from 9.15 a.m. to 3.30 p.m. and the pre-open trade would be held…

Sensex down 90 pts, Nifty below 12,200

Mumbai (IANS) The benchmark Sensex opened lower on Tuesday after the International Monetary Fund (IMF) slashed India's 2019 growth estimates to 4.8 per cent from 6.1 per cent.

IMF cited a sharper-than-expected slowdown in local demand and…

Zomato acquires UberEats India for nearly Rs 2,500 crore

New Delhi (IANS) Zomato on Tuesday announced that it has acquired Uber's Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources…

Govt to decriminalise Income Tax Act, PMLA

New Delhi/Chennai (IANS) The NDA government is moving to decriminalise the Income Tax Act and the Prevention of Money Laundering Act (PMLA) as part of steps towards restoring business confidence.

These are among the steps being taken to catapult…

IMF's Gopinath projects economic recovery for India in 2020-21

United Nations (IANS) The International Monetary Fund, which sharply cut India's growth rate, is projecting a recovery in 2020-21, the organisation's Chief Economist Gita Gopinath said on Monday.

The recovery "should come from the…