Thursday, Apr 26, 2018 | Last Update : 01:47 AM IST

Economy

India’s merchandise exports in March fell 0.7 per cent year-on-year to USD 29.1 billion.

India's March exports fall amid trade tensions

Trade deficit for the year ending in March widened to $156.8 billion from $105.72 billion in the previous year.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale

All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.

Bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter last fiscal.

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation dips to 2.47 per cent in March

The wholesale prices of food articles fell 0.29 per cent in March compared to a 0.88 per cent rise in the previous month.

Under the framework, bankers will have to implement a resolution plan to revive a defaulting company within 180 days.

Infra lending may take a back seat as RBI refuses to budge on new NPA rules

Banks requested the RBI to make the required majority to 75 per cent for any such plan.

Market

Benchmark Sensex fell over 115 points while the Nifty closed below 10,600 on Wednesday amid weak global cues and unabated foreign fund outflows.

Sensex sheds 115 points on weak global cues, profit-booking

Sensex fell over 115 points while the Nifty closed below 10,600 on Wednesday.

The Reserve Bank of India on Wednesday fixed the reference rate of the rupee at 66.6983 against the US dollar and 81.4253 for the euro.

RBI sets rupee reference rate at 66.6983 against US dollar

The corresponding rates were 66.3622 and 81.0548, as on yesterday.

Crude oil futures fell 0.22 per cent to Rs 4,520 per barrel on Wednesday.

Crude oil futures fall 0.22 per cent on weak global cues

Also, oil prices for June delivery was trading lower by Rs 8, or 0.18 per cent.

 US gold futures eased 0.2 per cent to $1,330.60 per ounce.

Gold falls on dollar strength, easing North Korea tensions

Yellow metal rose 0.5 per cent on Tuesday to break a three-session losing streak.

Companies

Cab aggregator Ola on Wednesday said it has set up a 'safety council' that will bring together organisations and individuals from various sectors to work together on enhancing safety on Indian roads.

Ola sets up council to enhance road safety

The council will also lend support in areas like gender sensitisation training for driver partners.

Bajaj Corp Ltd on Wednesday reported a 5.22 per cent rise in standalone net profit at Rs 55.41 crore.

Bajaj Corp Q4 net profit rises 5 per cent to Rs 55.41 crore

It had posted a standalone net profit of Rs 52.66 crore in the January-March quarter of 2016-17.

Indus Towers and Bharti Infratel Ltd agreed to combine operations in a deal that will create the world’s second-largest mobile masts company.

Indus Towers, Bharti Infratel merging to become world No 2 for masts

The combined company, which will lag only China Tower, will remain listed on Indian bourses.

Work-life balance, job security, career progression and strong management are the other influencing factors for the Indian workforce. (Photo: AP)

Microsoft India most attractive employer brand: Randstad

Job security emerged as the top factor for an employee to stay with the current employer.

Debt-ridden Videocon Group on Wednesday approached the principal bench of NCLT requesting it to direct all insolvency case.

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

Autos

The Bespoke Collective of the House of Rolls-Royce has conceived a darker iteration of Black Badge Wraith and Dawn, presented in a limited collection, named Adamas. (Photo: ANI)

Adamas collection takes Rolls-Royce Black Badge into further darkness

On encountering Adamas, one is immediately drawn to the spirit of ecstasy.

Tata Motors-owned Jaguar Land Rover India on Tuesday opened the bookings for the new Range Rover and Range Rover Sport models.

JLR opens bookings for new Range Rover, Range Rover Sport

The company earlier this month had said it would ride in 10 new models to the country this fiscal year.

Vehicles will soon come fitted with number plates and the cost will be included in the four-wheelers' price, Union Minister Nitin Gadkari said.

Soon automakers to deliver cars fitted with number plates: Gadkari

The government has recently made it mandatory for all cars manufactured after July 2019.

Ford India on Monday reported a 11.06 per cent increase in total sales at 27,580 units in March against 24,832 units in the same month last year.

Ford India sales up 11 per cent at 27,580 units in March

The company said its domestic sales stood at 9,016 units in March as against 8,700 units in the year-ago month.

In Other News

The increase in HRA for central government employees under the seventh central pay commission, has impacted the CPI inflation by nearly 35 basis points.

HRA hike under 7th pay commission impacted CPI by 35 bps: study

The revised HRA structure, under the seventh CPC, came into place in July 2017.

Ratings agency Moody's Investors Service on Monday said it sees cryptocurrencies like bitcoins to continue facing regulatory hurdles in the near term.

Cryptocurrencies to continue facing regulatory hurdles: Moody's

Cryptocurrencies threaten payments providers who charge a commission of up to 7.2 per cent.

Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax regime rules.

GST Council meet on May 4, simplifying returns on agenda

Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required.

The government on Tuesday decided to set up a task force to finalise the contours of a policy on the fast growing e-commerce sector to boost growth and also to keep consumer interests in mind, a top official said here.

Govt to frame e-commerce policy to boost growth, protect consumers

Several develop­ed ec­o­nomies, including the US, are keen on an agreement in WTO on e-comme­rce.

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report.

Prices of energy commodities to rise by 20 pc this year: World Bank

Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two per cent this year.