India still projected as fastest growing economy: FM

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that growth has decelerated, but there is no slump and India is still projected to be the fastest growing economy in FY20 among the G-20 nations.

She said…

Cartelisation? Airtel, Vodafone issue similar tariff hike statements

New Delhi (IANS) The ongoing telecom crisis is set to hit the customers hard with two of the country's largest telcos -- Bharti Airtel and Vodafone -- deciding to hike tariffs from December 1 after they posted historic losses on account of provisioning…

GST non-filers face cancellation of registration

New Delhi (IANS) The government is set to crack the whip on GST non-filers with plans afoot to cancel registration of repeat offenders.

Amid lower-than-expected GST collection in the past few months of the current fiscal, the Central Board…

Speculation grows on Aadhaar linkage with property

New Delhi (IANS) Over the last 2-3 years, there has been off and on buzz about an impending decision to link Aadhaar with property and the decibel level around this audacious gambit has just got louder.

If the government goes ahead and implements…

Further demand slowdown on the cards: NCAER

Mumbai (IANS) Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20.

NCAER also anticipated a recurrence of the…

Huawei set for 5G technical support in Bangladesh

Dhaka (IANS) China's telecommunication giant Huawei is all set to facilitate Bangladesh with technical support in the implementation of 5G technology, an official statement said here on Saturday.

According to the statement, Huawei's…

70% of mining welfare funds DMF unutilized: FIMI

New Delhi (IANS) Federation of Indian Mineral Industries (FIMI), an apex body of mining companies in India have said that not even 30 per cent of the District Mineral Foundation (DMF) have been used till September this year.

DMF was constituted…

SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

New Delhi (IANS) The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private banks like ICICI Bank and Edelwiess Asset Reconstruction…

Sensex, Nifty opens marginally higher

Mumbai (IANS) Sensex and Nifty on Thursday opened marginally higher.

The BSE Sensex opened at 40,178.93 from its previous close of 40,116.06.

At 9.57 a.m., the Sensex was down 55.57 points at 40,060.49 while the Nifty slipped by 20.75…

India's Oct wholesale price inflation eases to 0.16%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 0.16 per cent in October from 0.33 per cent in September, official data showed on Thursday.

Similarly, on a year-on-year (YoY) basis, the Wholesale Price…