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Farm loan waivers to raise states' fiscal deficit: India Ratings

Farm loan waivers to raise states' fiscal deficit: India Ratings

22-01-2019  comments

New Delhi (IANS) Farm loan waivers and other schemes declared by states will raise their aggregate fiscal deficit next year but will not pose a major risk to their total debt burden, India Ratings and Research (Ind-Ra) said in a report.

"The…

Sensex opens higher then trades flat

Sensex opens higher then trades flat

21-01-2019  comments

Mumbai (IANS): The Sensex and Nifty on Monday traded on a flat note after opening marginally higher.

The financial and industrial stocks slipped in the red while the energy sector gained.

The Sensex of the BSE opened at 36,467.12 from…

LIC completes 51% acquisition in IDBI Bank

LIC completes 51% acquisition in IDBI Bank

21-01-2019  comments

Mumbai (IANS) State-run Life Insurance Corporation of India (LIC) on Monday completed its acquisition of 51 per cent stake in the financially-stressed IDBI Bank, according to a regulatory filing by the bank.

In its meeting during…

TN Defence Corridor to attract Rs 3,123 crore investment

TN Defence Corridor to attract Rs 3,123 crore investment

20-01-2019  comments

Tiruchirappalli (Tamil Nadu) (IANS): In an effort to accelerate indigenous production of defence systems, Defence Minister Nirmala Sitharaman on Sunday inaugurated a Tamil Nadu Defence Industrial Corridor here that is expected to attract Rs 3,123.50…

Centre dismisses two PNB Executive Directors

Centre dismisses two PNB Executive Directors

19-01-2019  comments

Chennai (IANS): The Central government has removed two Punjab National Bank (PNB) Executive Directors -- Sanjiv Sharan and K.Veera Brahmaji Rao -- for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi.

Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

19-01-2019  comments

New Delhi (IANS): Reliance Jio led the subscription race in November 2018 adding around 88.01 lakh subscribers across the country, the highest among all the telecom service providers.

Data released by the Telecom Regulatory Authority of India…

Hero Cycles to invest Rs 400 cr in hi-tech cycle valley

Hero Cycles to invest Rs 400 cr in hi-tech cycle valley

18-01-2019  comments

Chandigarh (IANS): Leading brand in cycles, Hero Cycles, will invest around Rs 400 crore in the Hi-Tech Cycle Valley project in Punjab, Chief Minister Amarinder Singh said here on Friday.

Hero Cycles on Friday signed an agreement with the Punjab…

Sensex turns red, banking stocks fall out of favour

Sensex turns red, banking stocks fall out of favour

17-01-2019  comments

Mumbai (IANS): Reversing early gains, major indices traded lower during Thursday afternoon's trade session. The benchmark Sensex declined over 60 points while the Nifty slipped below the 10,900-mark.

According to market participants, investors…

Startups, investors get angel tax relief

Startups, investors get angel tax relief

17-01-2019  comments

New Delhi (IANS) In a big boost to startups and their investors, the government has liberalized the norms including doing away with the need for an inter-ministerial committee's approval for availing angel tax exemption.

India set to lead digital transformation race: Microsoft India President

India set to lead digital transformation race: Microsoft India President

16-01-2019  comments

Bengaluru (IANS): In a renewed push for Artificial Intelligence (AI) and its use cases in India, Microsoft India on Wednesday said there is highest penetration of AI skills among the workforce that will fuel digital transformation in the country sooner…

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