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  Business   Economy  12 Oct 2018

Business, Economy, 12 Oct 2018

IL&FS' new board initiates austerity measures

The firm and its subsidiaries have defaulted on several debt repayments recently due to liquidity crisis.

12 Oct 2018 7:39 PM

Rupee jumps over 3 weeks high, up 55 paise against US dollar

The government on Thursday hiked the import duty on certain communication items.

12 Oct 2018 7:03 PM

'New branch opening pace has come down owing to digital transactions'

The presence of branches is still important, but it is not as important as it was two-three years back, he said.

12 Oct 2018 6:50 PM

Poor mining output drags IIP growth to 3-month low of 4.3 per cent in August

The industrial production measured in terms of Index of Industrial Production was 4.8 per cent in August last year.

12 Oct 2018 6:13 PM

Retail inflation for September jumps to 3.77 pc on rising fuel, food prices

Retail inflation in August was 3.69 per cent.

12 Oct 2018 6:05 PM


SBI chief sees bad loan provision falling after two quarters

India’s banks have been plagued by a surge in non-performing loans which hit a record USD 150 billion at the end of March.

12 Oct 2018 5:23 PM

Number of direct taxpayers may double to 7.6 cr during 5 yrs: Jaitley

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:35 PM

Finance panel not to penalise states over funds’ devolution

The commission members also interacted with leaders of various political parties to elicit their views on devolution of funds.

12 Oct 2018 9:13 AM