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FM asks G-20 to take steps to revive growth, create reforms

FM asks G-20 to take steps to revive growth, create reforms

18-10-2019  comments

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Friday called on G-20 nations to undertake steps to revive global growth and create second wave of reforms.

The minister said G-20 nations, comprising 19 countries and European Union must…

IMF's Georgieva urges US, China to make peace on trade

IMF's Georgieva urges US, China to make peace on trade

18-10-2019  comments

Washington (IANS) The managing director of the International Monetary Fund, Bulgarian economist Kristalina Georgieva, urged the United States and China to move toward full "trade peace" - and not simply a "truce" - after the recent partial agreement…

IL&FS completes sale of wind energy assets to Orix

IL&FS completes sale of wind energy assets to Orix

17-10-2019  comments

New Delhi (IANS) In a major development in the resolution of the crisis-hit IL&FS and its group entities, IL&FS on Thursday said that it has completed the sale of its wind energy assets to Orix Corporation of Japan for Rs 4,900 crore, helping the…

Airtel to deploy Ericsson's 5G solution to boost network

Airtel to deploy Ericsson's 5G solution to boost network

16-10-2019  comments

New Delhi (IANS) Swedish telecom gear maker Ericsson on Wednesday signed a deal with Bharti Airtel to deploy its 5G-ready Cloud packet core in the domestic telecom major's network in the country.

The deployment would enhance capacity in…

Sensex up 167 points, auto and banks gain

Sensex up 167 points, auto and banks gain

15-10-2019  comments

Mumbai, (IANS) Sensex was up 167 points after opening in the green supported by buying in auto and banking stocks on Tuesday.

The Sensex was up 167.49 points at 38,381.96. It opened at 38,316.49 from its previous close of 38,214.47.…

Sensex up 167 points, auto and banks gain

Sensex up 167 points, auto and banks gain

15-10-2019  comments

Mumbai (IANS) Sensex was up 167 points after opening in the green supported by buying in auto and banking stocks on Tuesday.

The Sensex was up 167.49 points at 38,381.96. It opened at 38,316.49 from its previous close of 38,214.47. The broader…

IRCTC makes splash on debut, doubles issue price

IRCTC makes splash on debut, doubles issue price

14-10-2019  comments

Mumbai (IANS) The Indian Railway Catering and Tourism Corporation made a strong debut on the exchanges on Monday. The Railway catering company almost doubled its issue price of Rs 320 during the early trade.

IRCTC on the BSE,…

'Banks may need to report HDIL's dues, provisioning status'

'Banks may need to report HDIL's dues, provisioning status'

13-10-2019  comments

New Delhi (IANS) Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as non-performing assets (NPA or bad loans) under the RBI norms, make provisions for them and report these…

World Bank report pegs India's FY20 growth rate at 6%

World Bank report pegs India's FY20 growth rate at 6%

13-10-2019  comments

New Delhi (IANS) In a major setback for India's economic outlook, a World Bank report on Sunday estimated India's economic growth in the current fiscal at 6 per cent, lower than the Reserve Bank of India's latest revised outlook of 6.1…

Private consumption slows, Indian economy seen 'fraught with risks'

Private consumption slows, Indian economy seen 'fraught with risks'

12-10-2019  comments

New Delhi (IANS) The Indian economy, which has been witnessing slowdown over last few quarters, is likely to face several more risks in the near future, with one of the major factors being drop in private consumption, according to the Reserve Bank…

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