Budget 2019: Kickstarting India's Developmental Journey

Since the time Prime Minister Narendra Modi has set a bold target of making India a $5 trillion economy by 2024 at a NITI Aayog meeting early last month, the conversations in the mass media have disproportionately centred on the idea.

The Economic…

3 Mindtree co-founders quit after L&T buys controlling stake

Bengaluru (IANS) Mindtree co-founders Krishnakumar Natarajan, N.S. Parthasarathy and Rostow Ravanan resigned on Friday, two days after infrastructure construction behemoth L&T acquired controlling stake in the global IT services firm.

"Chairman…

Gold industry groans under hike in import duty

Mumbai (IANS) The gold industry on Friday slammed the hike in import duty of gold from 10 per cent to 12.50 per cent, saying it will be counter-productive and hit the Indian retail market.

World Gold Council India Managing Director P.R. Somasundaram…

Sebi asked to look at hiking companies' minumum public shareholding

New Delhi (IANS) The government has asked market regulator Sebi to look at raising the minimum public shareholding level in listed companies to 35 per cent from the current 25 per cent, Finance Minister Nirmala Sitharaman said on Friday.

Presenting…

Indian economy to reach $3tn in current fiscal: Sitharaman

New Delhi (IANS) Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.

She also said that many structural changes are needed for the…

Sitharaman dumps Budget briefcase for 'bahi khaata'

New Delhi (IANS) Setting a new precedent Union Finance Minister Nirmala Sitharaman on Friday was seen hugging the budget documents wrapped in a red cloth, the traditional 'bahi khaata' way, instead of the leather briefcase that until now her…

FDI inflow into services down 1.3% in last fiscal: Economic Survey

New Delhi (IANS) The Foreign Direct Investment (FDI) inflow into India's services sector was down by 1.3 per cent during 2018-19, according to the Economic Survey 2019.

FDI equity inflows into the services sector accounted for more than…

Markets open in red

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

The Sensex of the BSE opened at 39,907.57, touched a high of 39,908.47 and…

Housing sales up 22% in Jan-June, launches dip: Report

New Delhi (IANS) Sale of residential apartments increased by 22 per cent on a year-on-year (YoY) basis during the first half of 2019, to 78,247 units across seven major cities in the country, said a JLL report.

During the January-June period…

Sensex ends 291 points higher on US-China trade truce

Mumbai (IANS) Indian markets, along with global stock markets, edged higher on Monday over signs of easing trade tension between the US and China.

The Sensex finished 291.86 points or 0.74 per cent higher at 39,686.50 while the Nifty gained…