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Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Sun, Nov 26, 2023

The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

Sun, Nov 26, 2023

The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Sat, Nov 25, 2023

Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.

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5Paisa.com ventures in option trading, currency and commodity segments to come soon

5Paisa.com ventures in option trading, currency and commodity segments to come soon

Tue, Jun 18, 2019

It will allow the customers to effectively capitalize on market opportunities

Saudi crown prince says to finalise $533 million privatisation deals this year: Asharq al-Awsat

Saudi crown prince says to finalise $533 million privatisation deals this year: Asharq al-Awsat

Sun, Jun 16, 2019

Saudi Arabia`s crown prince said on Sunday that the government will finalise privatisation deals worth 2 billion riyals ($533 million) before the end of this year, according to an interview with the Saudi-owned Asharq al-Awsat newspaper.

India trade data: Exports up 3.93% in May

India trade data: Exports up 3.93% in May

Fri, Jun 14, 2019

Cumulatively, exports in April-May 2019-20 was up by 2.37 per cent to USD 56 billion.

US denies Tesla, Uber 25% tariff relief on components, e-bikes

US denies Tesla, Uber 25% tariff relief on components, e-bikes

Thu, Jun 13, 2019

The office of the U.S. Trade Representative (USTR) rejected requests to exempt the Model 3 car computer and center screen in May 29 letters, saying they both concern "a product strategically important or related to `Made in China 2025,` or other Chinese industrial programs."

Turkey, US to discuss S-400 deal at G20 summit: Tayyip Erdogan

Turkey, US to discuss S-400 deal at G20 summit: Tayyip Erdogan

Thu, Jun 13, 2019

Turkish President Recep Tayyip Erdogan has said that he would discuss Ankara`s purchase of the Russian S-400 missile defence system with his US counterpart Donald Trump at the upcoming G20 summit in Japan later this month.

Robust inflows in manufacturing, financial services help India get $42 bn FDI inflows in 2018: UN report

Robust inflows in manufacturing, financial services help India get $42 bn FDI inflows in 2018: UN report

Thu, Jun 13, 2019

The UN trade report said the prospects for FDI inflows into South Asia are largely determined by expectations of growing investment into India.

Oil falls over 2% on weaker demand growth, gain in US crude stocks

Oil falls over 2% on weaker demand growth, gain in US crude stocks

Wed, Jun 12, 2019

Trade tensions between the United States and China, the world`s two biggest oil consumers, also weighed on prices. U.S. President Donald Trump said he was holding up a trade deal with China.

Budget 2019 expectations: From reforms to ease of doing business, Ficci President Sandip Somany highlights key issues

Budget 2019 expectations: From reforms to ease of doing business, Ficci President Sandip Somany highlights key issues

Wed, Jun 12, 2019

After retaining power at the Centre, PM Narendra Modi led government is set to present Union Budget 2019 on July 5 and preparations for the same have begun with Finance Minister Nirmala Sitharaman recently holding a meeting with stakeholders.

Union Budget 2019-20 likely to spell out roadmap for banking sector reforms, consolidation

Union Budget 2019-20 likely to spell out roadmap for banking sector reforms, consolidation

Sun, Jun 09, 2019

So, fit candidates for acquisition of small lenders would be Punjab National Bank, Canara Bank, Bank of India and Union Bank of India with some capital support, the sources added.

RBI circular a welcome step; provides more freedom to bankers: IBA

RBI circular a welcome step; provides more freedom to bankers: IBA

Sat, Jun 08, 2019

"Only thing is that now banks have more delegation (power) and there will be board level resolution policy and the discretion on whether you would like to take it (the case) to insolvency and bankruptcy proceedings or like to settle it outside that... (now) that decision is with the banks," he said.

RBI will not hesitate to take any measure required to maintain financial stability: Shaktikanta Das

RBI will not hesitate to take any measure required to maintain financial stability: Shaktikanta Das

Thu, Jun 06, 2019

While addressing a press conference in Mumbai, RBI Governor Shaktikanta Das informed that RBI will not hesitate to take any measure which is required to maintain the financial stability of the system including, shot-term, medium-term and long term. He added, “We have already announced the formation of a separate cadre for regulation and supervision of banks and financial institutions and this is a major decision that has been taken to strengthen our regulations”.

Banking on infra development to scale up India biz: Michelin

Banking on infra development to scale up India biz: Michelin

Thu, Jun 06, 2019

French tyre major Michelin is pinning hopes on infrastructure development in India to further scale up its business in the country, according to a top company official.

Incoming Finland prime minister announces spending boost, tax hikes

Incoming Finland prime minister announces spending boost, tax hikes

Mon, Jun 03, 2019

The man set to become Finland`s first left-leaning prime minister in 20 years announced plans on Monday for a big public spending increase on welfare and infrastructure, paid for by tax hikes, sales of state assets and a boost in employment.

RBI MPC starts discussions on monetary policy review

RBI MPC starts discussions on monetary policy review

Mon, Jun 03, 2019

"The Monetary Policy Committee (MPC) will meet during June 3, 4 and 6, 2019 for the second bi-monthly Monetary Policy Statement for 2019-20. The resolution of the MPC will be placed on the website at 11.45 AM on June 6, 2019," the RBI said Monday.

GST collections in May at Rs 1 lakh cr

GST collections in May at Rs 1 lakh cr

Sun, Jun 02, 2019

"The total gross GST revenue collected in the month of May, 2019 is Rs 1,00,289 crore of which CGST is Rs 17,811 crore, SGST is Rs 24,462 crore, IGST is Rs 49,891 crore and Cess is Rs 8,125 crore," Finance Ministry said in a statement.

RBI may cut repo rate by 25 bps: Analysts

RBI may cut repo rate by 25 bps: Analysts

Fri, May 31, 2019

This will be the first policy meet of the central bank after the Lok Sabha elections 2019. "Close on the heels of the GDP outcome, the RBI policy committee will decide on rates on June 6. We look for a 25 basis points cut in the repo rate to 5.75 per cent, taking cumulative cuts in 2019 to 75 basis points," the DBS Research report said.

India's GDP growth forecast at 7.1% for FY20: FICCI survey

India's GDP growth forecast at 7.1% for FY20: FICCI survey

Fri, May 31, 2019

The median growth forecast for agriculture and allied activities was pegged at 3 per cent for FY20, while industry and services sectors are expected to grow by 6.9 per cent and 8 per cent, respectively, during the year.

New Zealand releases first Wellbeing Budget with record NZ$1.9 billion mental health care package

New Zealand releases first Wellbeing Budget with record NZ$1.9 billion mental health care package

Thu, May 30, 2019

It is the country`s first annual budget focused on wellbeing and is also the first by a Western country to be designed to measure living standards alongside traditional economic indicators.

Union Budget 2019 to be presented in first week of July: Sources

Union Budget 2019 to be presented in first week of July: Sources

Thu, May 30, 2019

Union Budget 2019 is set to be presented in July, little over a month after the new government takes charge, sources confirmed to Zee Business TV. The newly elected government is set to take oath on Thursday evening at 7 pm with Narendra Modi returning as prime minister for another five years.

Hike farmer income support, raise peak tax threshold: Ficci

Hike farmer income support, raise peak tax threshold: Ficci

Tue, May 28, 2019

The recent slowdown in the economy stem not only from slow investment growth and subdued exports but also from weakening growth in consumption demand, industry body Ficci has told the Finance Ministry.

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