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BUSINESS NEWS

RBI withdraws Rs 10,000 crore OMO scheduled for Nov 23

On a day Moody’s upgraded India’s sovereign rating, the RBI said it has withdrawn the sale of Rs 10,000 crore worth of G-secs under Open Market Operations.

PTI | Nov 17, 2017 11:22 PM

Moody's rating upgrade a vindication of Modi’s good governance, reform process: Amit Shah

Revenue Secretary Hasmukh Adhia also welcomed the upgrade of India's sovereign rating and said the Moody’s has confirmed the "well recognised” path of fiscal reforms chosen by the government.

News Nation Bureau | Nov 17, 2017 10:36 AM

Moody's upgrades India's bond rating to Baa2 from Baa3, revises outlook to 'Stable' after 13 years

The International rating agency Moddy's Investor Services has also upgraded India’s bond rating from ‘Positive’ to ‘Stable’ saying the reforms by the Union government have helped in reducing...

News Nation Bureau | Nov 17, 2017 08:37 AM

Paytm partners with ICICI bank to enable customers avail instant credit facility

Paytm, the country's largest e-payments platform, has tied up with banking major ICICI Bank to jointly launch a digital credit facility.

News Nation Bureau | Nov 17, 2017 08:31 AM

Cheque facility may be withdrawn to push digital transactions: CAIT official

Cheque facility may be withdrawn to push digital transactions: CAIT official

PTI | Nov 16, 2017 08:52 PM

RBI Gov Urjit Patel appointed as member of advisory board of Bank of International Settlement

BIS is a global financial organisation whose stakeholders are the major central banks of the world.

News Nation Bureau | Nov 15, 2017 10:29 PM

New Goods and Services Tax rates applicable on following items from today

Of the 227 items that were contemplated during the 23rd GST Council meeting in Guwahati, the tax rate on 222 items was cut down from 28 percent to 18 percent.

Syyed Aamir Husain | Nov 15, 2017 11:24 AM

Exports show decline from October 2016 to October 2017

The trade deficit for October 2017 was estimated at USD 14018.83 million as against the deficit of USD 11134.48 million during October 2016.

Syyed Aamir Husain | Nov 15, 2017 09:06 AM

GST Revised: Eating out at restaurants to become cheaper from today; check full list here

In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were cut to provide relief to consumers and businesses...

News Nation Bureau | Nov 15, 2017 07:33 AM

Wholesale Price Inflation in October rises to 3.59 per cent amid surge in vegetable prices

India's inflation based on wholesale prices went up in October to 3.59 per cent from 2.6 per cent in September, official data showed.

News Nation Bureau | Nov 14, 2017 04:34 PM

India to overtake Japan to be third largest economy by 2028, says Report

India is likely to achieve strong growth over the next decade and will overtake Japan in nominal GDP by 2028, to emerge as the world’s third largest economy, says a foreign brokerage report.

PTI | Nov 13, 2017 09:22 PM

Retail inflation rises marginally to 3.58 per cent in Oct, touches seven-month high

India's retail inflation witnessed a marginal rise of 3.58 per cent for the month of October. The CPI rise was driven by faster rises in prices of food and fuel products, dampening chances of an...

News Nation Bureau | Nov 13, 2017 07:27 PM

ASSOCHAM makes clear its worries over reservation in private sector, says the move will dent investment climate

“At a time when the Indian economy is seeking positive triggers for growth revival, any political narrative on reservation in the private sector would bring in a big blow,” said the body.

News Nation Bureau | Nov 13, 2017 03:06 PM

L&T Hydrocarbon Engineering clinches Rs 1,267-crore offshore contract from ONGC

Engineering major Larsen & Toubro Hydrocarbon Engineering clinched a Rs 1,267-crore offshore contract from oil giant ONGC.

PTI | Nov 13, 2017 11:36 AM

Idea Cellular, Vodafone to sell tower businesses to ATC Telecom for Rs 7,850 crore

ATC Telecom shall be purchasing the telecom business of Vodafone India and Idea Cellular, which are slated to merge soon for Rs 7,850 crore.

News Nation Bureau | Nov 13, 2017 10:43 AM