'4.2 bn euros, 50k jobs lost if high-speed train link to France ditched'

Brussels (IANS/AKI) A total 4.2 billion euros and 50,000 jobs will "go up in smoke" if Italy's populist government pulls a planned high-speed rail link to France, European Parliament president Antonio Tajani said on Friday.

Government bans unregulated deposit schemes

New Delhi (IANS) The government has issued the Banning of Unregulated Deposit Schemes Ordinance, 2019 to prevent chit fund scams and protect small investors.

The ordinance, which prevents any individual or group of individuals from taking any…

India Ratings maintains stable outlook for auto sector in 2019-20

Mumbai (IANS) Ratings agency India Ratings and Research (Ind-Ra) has maintained a stable outlook on the auto sector, anticipating improving sales in the sector during the next fiscal over expectations of better liquidity in non-bank financial companies.

EPFO Board recommends 8.65% interest rate for 2018-19

New Delhi (IANS) The Employees' Provident Fund Organisation (EPFO) board has recommended an interest rate of 8.65 per cent for 2018-19, 10 basis points higher over the previous fiscal.

In the financial year 2017-18, the interest rate was…

Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion

Mumbai (IANS) A day after the Finance Ministry announced capital infusion of Rs 48,239 crore in the 12 public sectors banks, PSU Bank Nifty index gained up to 1.6 per cent, outperforming the Nifty50 index.

During the afternoon trade…

Key Indian equity market indices open in green

Mumbai (IANS) Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,756.26 on Wednesday, opened higher at 35,837 points.

Minutes…

Nasscom sees economic uncertainties ahead, stops forecasting

Mumbai (IANS) Industry body Nasscom on Wednesday released the findings of a survey of 100 Chief Executive Officers (CEOs) of information technology companies showcasing "cautious optimism" due to global economic uncertainties like trade…

RBI Governor to meet bank CEOs on Thursday on rate transmission

New Delhi (IANS) Reserve Bank of India Governor Shaktikanta Das will meet PSU and private sector banks CEOs and MDs on Thursday to discuss rate transmission and persuade them to pass on the advantages after taking note of the non-passing…

PF funds' investment in IL&FS bonds have no government guarantee: FinMin

New Delhi (IANS) The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company's bonds are unsecured debt, and the Finance Ministry says superannuated bonds do not carry any government…

Sensex ends lower for ninth consecutive day; IT finish 2% lower

Mumbai (IANS) Major indices Sensex and Nifty fell for the ninth consecutive trade session on Tuesday after heavy selling in the final hour of the trade on account of profit booking.

Initially investor sentiments were upbeat owing…