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Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee falls by 24 paise on strong dollar demand

Foreign fund inflows and strong gains in equity markets helped Rupee reverse some of the losses before close.

24 April 2019 7:36 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
Composition scheme biz to now file simplified 'self-assessed' GST...

Composition scheme businesses will file the April-June quarter returns in July as per the new format.

24 April 2019 7:26 PM IST

ACT Fibernet denied that Reliances rumoured entry into wired broadband segment had any effect on their plans.Business
Wireless broadband subscriber base touches 532 mn in Feb: ICRA

The wireless subscribers increased to 1,183.7 million in Feb 2019, adding 1.7 million subscribers over the previous...

24 April 2019 7:08 PM IST

Wheat import duty was raised to 10 per cent to curb shipments. (Photo: PTI)Business
Govt procures 55.17 lac tons of wheat so far this year

Haryana and Madhya Pradesh have contributed the most to wheat procurement so far, an official said.

24 April 2019 6:03 PM IST

Taking merchandise and services together, overall trade deficit for FY18 is estimated at $80.61 billion as compared to $41.79 billion during FY17.Business
Canada, Thailand seek to join WTO consultations over India tariff...

The US, Singapore and Chinese Taipei had also expressed their interest to join consultations in this dispute on Tuesday.

24 April 2019 5:03 PM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.Business
RBI first APAC central bank to begin interest rate easing cycle: Fitch

Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.

24 April 2019 3:23 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI announces Rs 25,000 cr liquidity injection in May as liquidity...

The purchase, called as open market operations (OMOs), will be undertaken in two equal tranches with the first one on...

24 April 2019 2:26 PM IST

The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it had granted to some importers of Iranian oil late last year. (Representational Image)Business
Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 April 2019 2:15 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.Business
RBI sets high cut-off at forex swap auction, forward rates jump

The cut-off levels, much higher than the market ones, showed the excess dollar liquidity in the system, dealers said.

24 April 2019 8:36 AM IST

Economic Affairs Secretary Shaktikanta DasBusiness
Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs

The chamber in its submission has also sought further cut in the repo rate in the coming quarters.

23 April 2019 9:41 AM IST

Averting a trade war, China and the US on Sunday struck a deal under which Beijing will \significantly increase\ its purchases of American goods and services.Business
To survive trade battles, China manufacturers deploy every weapon they...

Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected.

22 April 2019 1:16 PM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.Business
Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll...

According to latest EPFO data, highest job creation was recorded in January 2019 at 8.94 lakh.

21 April 2019 3:11 PM IST

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