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…

Finance panel grills FinMin on DeMo, state of economy

New Delhi (IANS) Demonetisation came to haunt Finance Ministry officials all over again with a section of the lawmakers choosing the subject to grill the executive while raising questions whether the move taken three years ago was the prime reason…

Saudi Aramco lists RIL investment, expansion in India in monster IPO prospectus

New Delhi (IANS) Saudi Aramco launched has its prospectus for the worlds biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India angle-acquiring 20 per cent in Reliance Industries…

India smartphone market ships record 46.6 mn units in Q3 2019

New Delhi (IANS) Driven by online sale festivals and new model launches, India's smartphone market shipped a record 46.6 million units in the third quarter (Q3) of 2019, with 26.5 per cent quarter-over-quarter (QoQ) and 9.3 per cent year-over-year…

Liquidity flows, healthy Q2 expected to push equities higher

Mumbai  (IANS) Liquidity flows, as well as positive sentiments on the back of better-than-expected quarterly results and the government's recent reform measures, have the potential to lift the key Indian equity indices higher during the upcoming…

IndiGo codeshare to be operationalised from Dec: Qatar Airways

New Delhi (IANS) Even as it waits to expand its partnership with IndiGo, Doha-based Qatar Airways will first operationalise its new codeshare agreement with Indias airline major by December.

According to Qatar Airways Group Chief Executive…

Cabinet may take up BPCL privatisation this month

New Delhi (IANS) Union Cabinet is likely to take up the strategic disinvestment of the entire stake of government of India along with transfer of management control in oil marketing PSU - BPCL this month to push ahead the exercise, sources said.
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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…