More measures, transmission expected to prop-up growth: RBI Oct MPR

Mumbai (IANS) Government measures to boost growth along with faster resolution of stressed assets, and further transmission of past monetary policy easing are expected to accelerate the country's economic growth the coming quarters, the Reserve…

Banks' credit growth rate slows to 8.8%, shows RBI data

Mumbai (IANS) Indian banks' credit growth rate, for the first time this fiscal, slowed to single-digit at 8.8 per cent to Rs 97.71 lakh crore during the fortnight to September 27, according to the Reserve Bank of India supplementary…

Indiabulls Ventures, Real Estate approve share buyback plans

Mumbai (IANS) The boards of Indiabulls Ventures and Indiabulls Real Estate on Friday approved the proposals of equity share buyback to the tune of Rs 1,000 crore and Rs 500 crore, respectively.

Capital markets company Indiabulls Ventures said…

Sale-bound Air India subsidiary gets nod for foreign flights

New Delhi (IANS) The Civil Aviation Ministry has approved Alliance Air plan to launch foreign operations by starting flights to Sri Lanka even as the airline's parent Air India remains on top of the government's disinvestment agenda.

The…

Panel set up to boost GST revenue after sharp collection dip

New Delhi (IANS) The GST Council on Thursday constituted a committee of officers to improve revenue after the September Goods and Services Tax (GST) collection dropped sharply to a 19-month low of Rs 91,916 crore, reflecting weak consumer demand.

Sensex 100 points in red, Airtel top gainer

Mumbai (IANS) Sensex opened marginally lower and declined 100 points during the early trade on Thursday after it closed with sharp gains in the previous trade session.

Bharti Airtel was the top gainer, up 4.45 per cent, on the…

Jio to charge voice calls to rival networks at 6 paise/minute

New Delhi (IANS) On account of taking a hit of Rs 13,500 crore due to network connection charges, or interconnet usage charges (IUC), Reliance Jio on Wednesday said it will charge customers 6 paise per minute for voice calls made to rival networks…

Rupee may continue to remain weak on volatility in global markets

New Delhi (IANS) The Indian rupee is likely to continue its weak trend against the dollar due to a probable rise in volatility in the international financial markets.

According to the Reserve Bank of India's (RBI) Monetary…

Saudi Arabia assures world oil needs will be met

Riyadh (IANS) The Council of Ministers on Tuesday reemphasized the Kingdoms' readiness to meet the world oil needs as the most reliable, safe and independent oil exporter of the world.

Custodian of the Two Holy Mosques King…

Amazon, Flipkart sales generate Rs 19,000 cr in 6 days

New Delhi (IANS) Led by Amazon and Flipkart, e-tailers in India achieved a record of $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report…