Muted GDP growth expected in April-June quarter

New Delhi (IANS) With most indicators pointing to weak domestic demand and tepid investment climate, India's gross domestic product (GDP) is expected to slip further in April-June quarter of current fiscal.

Ahead of official release of…

Mega PSB merger: 10 banks amalgamated into 4-entities

New Delhi (IANS) In a major reform measure, the Central government on Friday announced the merger of 10 public sector banks (PSBs) into four entities, which includes the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab…

Digital payments growing in India at 12.7% CAGR: KPMG

New Delhi (IANS) Digital payments in India are witnessing thriving growth with a compound annual growth rate (CAGR) of 12.7 percent in the number of non-cash transactions, global advisory KPMG said on Thursday.

A KPMG report said…

25% discounts in trains with less vacancy: Railways

New Delhi IANS) In a bid to fill the vacant seats in trains and meet the challenges posed by the roadways and airways, the Indian Railways has decided to give discount of up to 25 per cent to passengers on ticket fares.

According…

Sensex down 63 pts, Nifty below 11,100

Mumbai (IANS) Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks.

At 9.52 a.m., the Sensex was trading 62.53 points or 0.17 per cent lower at 37,578.74 while the Nifty was down 10.75…

Sensex up 142 points, Nifty above 11,100

Mumbai (IANS) Indian equity markets opened higher for the second day on Tuesday after measures announced by the government last week to boost economic growth.

The benchmark Sensex opened at 37,658.48 from its Monday's close of 37,494.12.

Sensex opens 663 pts higher after govt boosters

Mumbai (IANS) After what experts termed as a mini-budget on Friday, the markets on expected lines opened on a strong note on Monday.

The benchmark Sensex on Monday opened 663 points higher.

Finance Minister Nirmala Sitharaman had come…

GDP growth pegged at 6% in Q1: FICCI survey

New Delhi (IANS) The latest FICCI Economic Outlook Survey has pegged first-quarter GDP growth at 6 per cent in 2019-20 while for the whole fiscal growth is seen at 6.9 per cent in 2019-20.

The growth numbers for the first quarter are expected…

Gold touches new high over Rs 40K per 10gm

Mumbai (IANS) Breaching a psychological barrier, gold prices in Mumbai touched new high of a little over Rs 40,000 per 10 gm, on Monday, industry players said.

"This is indeed an unprecedented high, but lower by at least 20 per cent in…

Govt prevails over RBI to release Rs 176,000-cr surplus

New Delhi (IANS) On Monday, the government won and the RBI lost in what turned out to be an attritional war that saw a Governor being scalped. One can argue that the central bank works at the pleasure of the government and the RBI Act says this with…