IFCI looks to garner Rs 2,000 cr from stake sales in NSE, Clearing Corp

New Delhi (IANS) Government-owned Non Banking Financial Company IFCI is looking to sell its stakes in National Stock Exchange (NSE) and Clearing Corporation of India (CCI) which it says can fetch up to Rs 2,000 crore depending on the market conditions.

Moderate outlook for manufacturing in Q1: FICCI survey

New Delhi (IANS) The outlook for the country's manufacturing sector in the April-June quarter of the current fiscal has moderated as only 41 per cent of respondents in a FICCI survey expected higher output growth during the ongoing quarter compared…

Infosys using automation to transform clients' business: Nilekani

Bengaluru (IANS) Renewing legacy systems but discarding legacy mindsets, India's global software major Infosys is relying on automation for digital transformation of their clients' business, Chairman Nandan Nilekani said on Saturday.

"We…

Sensex down 190 points, Nifty below 11,800

Mumbai (IANS) After opening on a flat note, the benchmark Sensex fell over 190 points during the early trade on Friday.

Investor sentiment took a hit after oil prices rose sharply.

Brent crude, the global oil benchmark, surged over 5…

GSP withdrawal won't have major impact on India: Goyal

New Delhi (IANS) Commerce Minister Piyush Goyal on Friday reiterated that the withdrawal of generalized system of preferences (GSP) by the US will not have significant impact on India.

The GSP allowed Indian traders and exporters duty-free…

GST Council focus now on easing compliance, curbing tax evasion

New Delhi (IANS) With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion.

In its 35th meeting,…

Damage by Jet's failure could have been averted: Narain

New Delhi (IANS) Senior journalist Vineet Narain in a tweet has claimed that the damage from the failure of Jet Airways could have been averted if the authorities acted on his complains on time.

Narain said that he and his colleagues "persistently…

Clear indication of economy losing traction: RBI Governor

Mumbai (IANS) Reserve Bank of India Governor Shaktikanta Das had, in the last Monetary Policy Committee (MPC) meeting, said that there is clear evidence of economic activity losing traction while giving the rationale for a rate cut.

"Overall,…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE opened at 39,176,56 points. It touched a high of 39,334.97 points and a low of 39,158.10…

Assocham suggests tax sops for senior citizens

New Delhi (IANS) Industry body Assocham has advocated tax measures to benefit senior citizens in the Union Budget, to be presented on July 5 by Finance Minister Nirmala Sitharaman.

The Associated Chambers of Commerce and Industry of India (Assocham)…