In Other News

The Finance Ministry, which drafted the law, did not respond to a request for comment.

New Indian law to protect foreign investors to exclude tax demands: report

The bill is likely to be presented for passage in the upcoming parliament session that starts January 31.

21 Jan 2020 10:44 AM

ITI, India's first PSU and erstwhile Indian Telephone Industries, is on a turnaround path from a telecom equipment manufacturer to a telecom technology company.

On turnaround path, ITI plans Rs 1,600 crore FPO

Besides offering the telecom solutions, ITI is also executing turnkey projects for installation and commissioning of telecom networks.

21 Jan 2020 1:23 AM

According to KPMG, the gold loan book size of SFBs and Nidhi companies is steadily increasing and may start eating into the market share of specialised gold loan NBFCs. (Photo: ANI)

SFBs, Nidhis may eat into gold loan NBFCs’ market

SFBs have access to low-cost funds through deposits, giving them an edge over the traditional gold loan NBFCs.

21 Jan 2020 1:15 AM

Union Minister for Road Transport and Highways Nitin Gadkari.

No dearth of money, plan to spend Rs 5 lakh cr on infra: Gadkari

In the last five years, NItin Gadkari have awarded contracts worth Rs 17 lakh crore.

20 Jan 2020 12:47 PM

The government has decided to offload 5 lakh tonne pulses from its buffer stock to both state governments as well as in the open market.

Govt plans to extend urad imports till June on likely domestic shortage: sources

The country has imported 21.4 lakh tonnes of pulses during April-November of this fiscal.

20 Jan 2020 12:43 PM

Out of the net income of Rs 1,23,414 crore for the year 2018-19, the RBI had already transferred Rs 28,000 crore to the government as interim dividend in March 2019.

Interim dividend issue may come up in next RBI's board meeting

The country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19.

20 Jan 2020 12:01 PM

Sensing a likely shortage of urad dal in the months ahead, the government plans to relax the time limit for importing the commodity by three months.

Urad import rules eased to avert shortage

The industry is expecting a shortage of the lentil and has urged the Centre to remove quantitative curbs on urad.

20 Jan 2020 1:52 AM

Foreign portfolio investors have maintained a positive view on the Indian equity market so far in 2020, with net investments worth Rs 10,200 crore in January so far.

FPIs put in over Rs10,000 crore in January

NSDL data shows FPIs invested Rs 10,200 crore in equity as on Jan. 18, 2020.

20 Jan 2020 1:47 AM

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks.

20 Jan 2020 1:44 AM

Scheme has provided an average of 41.44 days of employment per household.

Over 70 per cent dip in 100 days work under MGNREGA

MGNREGA payouts have been a key factor that has affected the rural economy adversely this year.

20 Jan 2020 1:39 AM

Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.

Provisioning to stay high for banks in Q3

While DHFL’s total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.

20 Jan 2020 1:35 AM

Hyderabad was also the city which added maximum stock at 9.9 million square feet.

Office market booming despite economic woes

Three top office markets of India touched, or were very close to, 10 mn sq. feet mark: Bangalore, NCR & Hyderabad.

18 Jan 2020 1:38 AM

The growth of the Indian chemical industry will be driven by private capital and entrepreneurship.

Sectoral focus could lift exports by $100 bn-$150 bn in 10 years

In the global chemical trade of $2.3 trillion, India has a share of $50 billion.

18 Jan 2020 1:36 AM

Historically, when real interest rates have been negative, gold’s average monthly returns have been twice as high as the long-term average.

Gold demand to remain positive in 2020: WGC

Net gold purchases by central banks will likely remain robust even if they are lower than the record highs seen in recent quarters.

18 Jan 2020 1:34 AM

The Sebi has allowed stock exchanges to launch ‘option in goods’ in their commodity derivatives segment. It has also notified the product design and risk management framework for the option.

Exchanges can launch options in goods

The exchanges should also augment their monitoring and surveillance capacity, Sebi said.

17 Jan 2020 2:36 AM

Telcos get no relief from Supreme Court

Bharti Airtel said it was disappointed with the Supreme Court’s decision and it would evaluate filing another petition.

17 Jan 2020 2:34 AM

Increase in pendency is making fewer consumers approach ombudsmen for their complaints against insurance companies.

Fewer people approach insurance ombudsmen

Despite the number of consumer complaints rising, those being filed with the ombudsmen has been coming down.

15 Jan 2020 1:22 AM

Life insurance companies clocked 17 per cent retail annualised premium equivalent (APE) during April-December to Rs 43,943 crore.

LIC’s new biz rises 18 per cent

Private life insurers clock a growth of 16 per cent to Rs 24,631 crore during April-December.

15 Jan 2020 1:20 AM

Martin Schwenk, MD & CEO, Mercedes-Benz India with ‘EQ’.

Mercedes launches EQ electric in India

Mercedes-Benz has already started production of its first electric car EQC which has a range of 400 km on a single charge.

15 Jan 2020 1:16 AM

High inflation may force RBI to extend rate pause

Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food prices.

15 Jan 2020 1:13 AM