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…

Airtel posts Rs 23,045 cr net loss in Q2 on AGR provisioning

New Delhi (IANS) Bharti Airtel has reported a consolidated net loss of Rs 23,044.9 crore in Q2 of 2019-20, against a loss of Rs 2,866 crore in the previous quarter, on provisions towards Adjusted Gross Revenue (AGR).

On AGR, it said the liabilities/provisions…

Govt may shut doors on consolidation in public sector oil firms

New Delhi (IANS) Government may shut doors on further consolidation in the public sector oil companies but allow companies to diversify and grow organically to achieve the scales that matches the performance of international and domestic private sector…

'Traditional wholesale lost half its revenue share post DeMo, GST'

Mumbai (IANS) A report on consumer goods distribution channels has revealed that while modern trade and e-commerce have gained significant revenue share after the "twin shock" to the economy, demonetization and Goods and Services Tax (GST), traditional…

Vodafone issues ultimatum to Indian govt: UK media

New Delhi (IANS) The British media is calling Vodafone's ultimatum not to pump in more capital in India, a "potentially disastrous but fitting end to Vodafone's big bet on India" where the destruction of value has been complete.

Global…