Thursday, Jan 19, 2017 | Last Update : 08:37 PM IST

Economy

Even Premier Li Keqiang has expressed doubts about the accuracy of the country's GDP figures.

China caught faking economic data

Official admits to falsifying data; helps confirm long-held suspicion about manipulation.

Earlier this month, without taking into account the demonetisation impact, India projected the economy to grow at a slower pace of 7.1 per cent in 2016-17 as against 7.6 per cent

UN pegs Indian economy to grow 7.7 per cent

Growth is projected to reach 7.7 per cent in 2017 and 7.6 per cent in 2018 .

RBI Governor Urjit Patel (Photo: PTI)

Par panel meet begins, Urjit Patel to brief on note ban

RBI Governor is also scheduled to appear before the Public Accounts Committee of Parliament on the same issue on January 20.

The fear of demonetisation hurting long-term growth according to Nomura was based on the premise of a large amount of wealth destruction.

Nomura sees V-shaped recovery for India’s GDP

Nomura expects the economy to grow 6.5 per cent in FY17, the growth is expected to accelerate to 7.4 per cent in FY18.

Market

Bombay Stock Exchange

Sensex up 22 points, Nifty closes above 8,400

Nifty also recovered by 19.00 points, or 0.23 per cent to close at 8,417.00 after moving in a range of 8,460.30 and 8,397.40.

Bombay Stock Exchange

Sensex regains 134 points; Nifty above 8,400-mark

NSE Nifty regained the 8,400-mark by rising 44.45 points, or 0.53 per cent, at 8,442.45.

A higher opening in domestic stocks and fresh foreign fund inflows kept the domestic unit in good spirits.

Rupee up 5 paise against dollar in early trade

Rupee is trading at 67.90 against the US dollar in early session.

Reliance stock was in a tight spot as spending worries surrounding its telecom venture took some sheen off its quarterly results.

Bourses dip on growth concern

Persistent foreign capital outflows and lower opening in Europe dampened sentiment.

The exchange plans to raise about Rs 1,243 crore at the upper end of the price band of Rs 805 – Rs 806 per equity share.

BSE’s IPO opens on January 23

Shares issued through the public offer will be listed only on the NSE as self-listing is not permitted under the current regulations.

Companies

Cyrus Mistry.

NCLT rejects Mistry’s contempt plea against Tata Sons

Earlier, the tribunal had refused interim relief to Mistry over his ouster as Tata Sons chairman.

 Beleaguered businessman Vijay Mallya

DRT to pronounce verdict in Mallya case tomorrow

The lenders had moved the DRT in 2013 to recover dues from the defunct airline.

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Start-up bodies appeal for relaxations in tax policies

Presently, the laws regarding capital gains are extremely complicated, especially for startup investment.

 TRAI will file a response on condonation of delay application, while Reliance Jio has been allowed to file impleadment application.

Idea challenges TRAI's permission to Jio to extend promo offer

TDSAT had asked sector regulator TRAI to decide on Reliance Jio's free 4G service within a "reasonable time.

Autos

 Dominar 400

First ride review of The Dominar 400

Dominar 400 has to be its 373cc motor, which makes it the most powerful bike yet.

Ford Mustang GT

Ford Mustang GT ride review

The angry rumble of the 5.0-litre V8 engine was enough to awake the whole city.

The carmaker has been accepting the bookings for the Hexa since November last year.

Tata's new MPV, Hexa, launched at Rs 11.99 lakh

Hexa is Tata's second vehicle after the Tiago to be based on the new ‘Impact’ design language.

Land Rover has equipped it with features such as electronic stability control and torque vectoring by braking.

Range Rover Evoque petrol launched

Petrol motor of the Evoque is a 2.0-litre four cylinder turbocharged unit dishing out 240PS of max power and 340Nm of peak torque.

Ignis also offers a lot of features never been seen before in the hatchback space.

Maruti Suzuki Ignis first in segment features

It is a funky looking car that offers an automatic transmission in diesel as well.

In Other News

India’s life insurance sector is the biggest in the world with about 360 million policies which are expected to increase between 12-15 per cent over the next five years.

Government will divest 25 per cent stake in five insurance firms

The insurance sector in India comprises 24 companies operating in the life insurance business and 29 non-life insurers.

 Representational image.

Govt may extend anti-dumping duty on Chinese chemical

The restrictive duty was imposed for a further period of five years, which ended on January 12.

The entry of new service providers, the government's initiatives like 'Make in India' and thrust on mobile economy will also add to the buoyancy in the sector

Telecom sector to increase number of jobs this year

The sector is expected to create two million jobs thanks to increased data penetration.

On cyber security India reported 12 per cent lower than the global average as 73 per cent of the participants said that they had experienced a cyber incident in the past 12 months.

Foreign firms wary of fraud, says study

The percentage of respondents affected by fraud reduced to 68 per cent in 2016, down from 80 per cent in 2015.