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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…

Cabinet approves Rs 6,000 recap of EXIM Bank

Cabinet approves Rs 6,000 recap of EXIM Bank

16-01-2019  comments

New Delhi (IANS): The Union Cabinet on Wednesday approved capital infusion of Rs 6,000 crore in Export-Import Bank of India (EXIM Bank) through recapitalisation bonds to boost the bank's capacity in export financing.

"The EXIM Bank…

J'khand govt increases the registration limit for GST from 20 lakh to 40 lakhs

J'khand govt increases the registration limit for GST from 20 lakh to 40 lakhs

16-01-2019  comments

Ranchi: 80 thousand small and medium traders in Jharkhand will not have to pay GST. In the state, the registration limit for GST has been increased from 20 lakh to 40 lakhs. Chief Minister Raghubar Das has given directive in this regard to the Commerce…

Equity indices open in red, Sensex down 170 points

Equity indices open in red, Sensex down 170 points

14-01-2019  comments

Mumbai (IANS) The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points.

All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.

India's December wholesale inflation eases to 3.80%

India's December wholesale inflation eases to 3.80%

14-01-2019  comments

New Delhi (IANS) India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday.

However, on a year-on-year (YoY) basis, the Wholesale…

CEO of Flipkart's arms Myntra, Jabong Ananth Narayanan quits

CEO of Flipkart's arms Myntra, Jabong Ananth Narayanan quits

14-01-2019  comments

Bengaluru(IANS) The Chief Executive of Flipkart Group's e-tail portals Myntra and Jabong, Ananth Narayanan, has stepped down from the post, the companies said on Monday.

"Ananth has decided to step down as the Chief Executive…

RBI cautions government over NPA spike in MUDRA loans

RBI cautions government over NPA spike in MUDRA loans

13-01-2019  comments

New Delhi (IANS) The Reserve Bank of India (RBI) has raised a red flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro-enterprises in the country -- the Pradhan Mantri Mudra Yojana.

Petrol, diesel see sharp price rise on Sunday

Petrol, diesel see sharp price rise on Sunday

13-01-2019  comments

New Delhi (IANS) Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers…

Sovereign gold bonds on sale at Rs 3,214: Government

Sovereign gold bonds on sale at Rs 3,214: Government

12-01-2019  comments

New Delhi (IANS): A new series of sovereign gold bonds will be available at Rs 3,214 per gram between January 14 and January 18, the government said on Saturday.

Investors who apply and make payment online for the Sovereign Gold Bond Scheme…

RBI defers implementing last tranche of CCB

RBI defers implementing last tranche of CCB

11-01-2019  comments

Mumbai (IANS): Reserve Bank of India (RBI) has deferred the implementation of the last tranche of capital conservation buffer (CCB) till March 31, 2020.

"It has been decided to defer the implementation of the last tranche of 0.625 per…

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