Moody's warns India could be headed for debt trap and recessionary phase

New Delhi (IANS) Global ratings agency, Moody's Investors Service has cut India's outlook to negative from stable on increasing risks of lower economic growth than the past and reflecting lower government effectiveness at addressing long-standing…

Nomura heat-map shows most macro indicators in red zone

New Delhi (IANS) A heat-map prepared by CEIC and Nomura Global Economics has shown most macro economic data slipping into red since first quarter of the current fiscal.

The high frequency data across sectors point to deeper slowdown in the…

Sensex up 110 pts, Nifty touches 12,021

Mumbai (IANS) Indian markets opened on a firm note on Thursday. The Sensex touched a fresh high of 40,676.44 after government boosters for the realty sector.

The Centre on Wednesday committed up to Rs 10,000 crore for completing housing projects…

Centre to take call on onion imports as prices surge

New Delhi (IANS) With supplies running short and onion prices at Rs 80 a kg, the Consumer Affairs Ministry said on Tuesday that the government will act as a facilitator for onion imports to ease the process and ensure a quick and healthy supply from…

Supplier says Flipkart not 'economically viable', NCLT initiates insolvency

New Delhi (IANS) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Walmart owned e-commerce company, Flipkart for defaulting on Rs 18 crore payment to one of its suppliers.

The Bengaluru bench of NCLT has…

Karnataka HC stays NCLT order against Flipkart

New Delhi (IANS) The Karnataka High Court has stayed the order of National Company Law Tribunal (NCLT) which had initiated solvency proceedings against Flipkart.

"Karnataka High Court has stayed the order of the NCLT in favour of Flipkart.…

Markets hit fresh highs on hints of more boosters

Mumbai (IANS) Indian markets on Wednesday logged fresh highs after Finance Minister Nirmala Sitharaman hinted more boosters for the pivotal real estate sector.

Sensex hit fresh life time high of 40,606.91 while the Nifty surpassed the key 12,000…

India added 1,300 start-ups in 2019, including 7 unicorns

New Delhi (IANS) India added over 1,300 start-ups, including 7 unicorns in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US, according to a new report from industry body National Association of Software…

Sensex opens over 100 points higher, Yes Bank jumps 5%

Mumbai (IANS) Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far.

Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up…

DoT can initiate action against Airtel promoters

New Delhi (IANS) In a major disclosure, as per the assumption of all liabilities by Airtel under the Scheme of Arrangement with Tata Teleservices, the flow of recovery process available to the Department of Telecommunications (DoT) includes initiating…