Friday, Sep 21, 2018 | Last Update : 02:52 PM IST

Economy

Finance Minister Arun Jaitley (Photo: File)

Govt will stick to 3.3 per cent fiscal deficit target, says Arun Jaitley

Inflation under control, confident of higher growth, says Arun Jaitley.

Finance Minister Arun Jaitley.

Confident of strictly maintaining fiscal deficit at 3.3 per cent: Jaitley

Finance Minister also expressed the government's confidence in maintaining a growth rate higher.

India having the highest debt-to-revenue ratio of 327.1 per cent amongst the median of the 'BBB' countries in 2017 at 165.4 per cent.

States set to miss 20 per cent debt-to-GDP ratio target by FY23: report

States' aggregate debt-to-GDP ratio for FY19 has been budgeted at 24.3 per cent and according to their FY19 budgets.

PSBs, along with the Indi¬an Banks’ Association, are in the process of launching an e-auction platform for st¬andardising details of properties to be auctioned.

Banks asked to set up one platform for sale of loan defaulters’ assets

About 80-85 per cent of non-performing asset cases between Rs 10 lakh and Rs 20 lakh are fully secured.

Continuing its slide, the rupee on Tuesday hit yet another record low of 72.73 against the US dollar, falling 28 paise in late afternoon trade on strengthening American currency as crude oil prices went past the USD 78 a barrel mark. (Photo: AP)

Rupee hits fresh low of 72.73, drops 28 paise against US dollar

The rupee opened on a positive note by inching 20 paise higher at 72.25 against the US dollar.

Market

Rupee is trading at 72.70 against the US dollar in early trade at the Interbank Foreign Exchange market. (Photo: DC)

Rupee recovers 28 paise against US dollar in early trade

A higher opening in the equity market also supported the recovery in the rupee.

Such entities would be classified as eligible foreign entities (EFE) and should have a minimum net worth requirement of $500,000.

Sebi allows foreigners to invest in commodities

Participation of EFEs to make market more efficient.

The industries with the most AI skills present in their workforce are also the industries that are changing the fastest.

India among top 5 in AI skills, shows study

LinkedIn data shows that all types of technical AI skills are growing at a rapid pace around the world.

Citizens are yet to witness a relief in terms of purchasing fuel, as petrol and diesel prices have once again been hiked.

Petrol, diesel prices continue upward march

In Mumbai, the price of petrol has mounted to nearly Rs 90 per litre.

Companies

In December last year, Flipkart had bought back ESOPs worth over USD 100 million from over 3,000 current and former employees of the company.

Flipkart employees to cash in on ESOPs worth USD 800 million

Flipkart cardless credit is a step in direction to make e-commerce more inclusive and help customers with small ticket credit line.

At present, the postal department offers one of the oldest life insurance schemes for benefit of government and semi-government employees

India Post invites proposal for consultancy on setting up insurance arm

DoP has plans to set up insurance firm as a special business unit in two years.

The e-bidding for these accounts will take place on September 26.

SBI to sell 8 NPAs to recover dues worth over Rs 3,900 crore

SBI's gross NPAs rose to 10.69 per cent of the total advances at the end of June this year, as against 9.97 per cent a year ago.

A key indicator of this shift is that 11 of the 15 most retweeted messages by Indian politicians in the last year have been in Hindi.

Tweeting in Hindi gaining popularity in India, says US study

According to the research, Hindi language tweets perform better for the BJP, Congress, as well as regional parties post 2016.

The IT ministry feels that technical solutions can be found to trace the originator of a message, without actually compromising end-to-end encryption. (Photo: Pixabay)

IT Ministry mulls third notice to WhatsApp; may insist on message traceability

WhatsApp has turned down the Indian government's demand to provide it with a solution to track origin of messages.

Autos

Volvo has officially announced that the XC40 will be their first all-electric vehicle.

XC40 to lead charge for Volvo’s electrification plans

Volvo has officially announced that the XC40 will be their first all-electric vehicle.

Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales.

Tata Motors closes gap with Mahindra in race for 3rd biggest PV maker

Tata Motors is just 1,313 units shy of M&M during April-August this fiscal in the PV segment.

Chennai-based TVS Motor Company announced on Wednesday the launch of its scooter model TVS NTORQ 125 in Sri Lanka.

TVS launches NTORQ 125 scooter in Sri Lanka

The TVS NTORQ 125 is equipped with TVS SmartXonnect, bluetooth-enabled technology.

Prime Minister Narendra Modi will launch the second phase of the FAME India scheme here on September 7 at India's First Global Mobility Summit 'MOVE', Union Minister Anant Geete said Wednesday.

PM Modi to launch 2nd phase of FAME to promote electric vehicles in India

Geete said the Heavy Industry Ministry was framing a comprehensive auto policy after consultation with all the stakeholders.

In Other News

IPO-bound Garden Reach Shipbuilders and Engineers (GRSE) on Wednesday said its help has been sought by West Bengal government to build a bridge at Majerhat, after last month's collapse that killed one person.

West Bengal govt seeks GRSE's aid to rebuild collapsed Majerhat bridge

It has also been approached to build a bridge replacing a collapsed one at Siliguri.

Karnataka Chief Minister H D Kumaraswamy. (Photo: ANI | Twitter)

Karnataka govt cuts fuel prices by Rs 2 per litre

Rising fuel prices have created a political storm with the opposition launching a scathing attack against the Modi govt.

Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD.

Govt should focus on boosting exports, import curbs may not help control CAD: FIEO

Trade deficit soared to a near five-year high of USD 18 billion in July, but dipped slightly at USD 17.4 billion in August.

The government expects state-run banks to recover Rs 1.5 lakh core of bad debt during the current financial year.

PSBs put up Rs 8,500 crore bad loans on block

State-run banks have made a total recovery of Rs 36,551 crore in the first quarter of 2018-19.

Interest rate for 5-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 pc.

Interest rate on small savings hiked after several yrs; PPF to fetch 8 pc now

Interest on savings deposits has been retained at 4 per cent, annually.