India
Vai alla Scheda Paese »Live as if you were to die tomorrow. Learn as if you were to live forever.
— Mahatma Gandhi
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SBI profitability faces pressure, says Moody’s
Moody’s Investors Service has said that State Bank of India’s (SBI’s) profitability could face lingering pressure as it spends the next six-eight quarters rebuilding its balance sheet buffers. ICICI Bank also faces risks due to its large exposure to corporates.
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Patanjali to set up 4 more plants in 2 years
If the breakneck speed at which Patanjali Ayurved is growing is not enough of a bad news for established FMCG companies in the country, there is more in the pipeline. Baba Ramdev’s company is on course to set up four more manufacturing units across India within the next couple of ...
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Rupee down 5 paise against dollar in early trade
The rupee depreciated by 5 paise to 67.43 against the US dollar at the Interbank Foreign Exchange in early trade on Wednesday due to increased demand for the American currency from importers amid a lower opening of the domestic equity market.
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Auto loan delinquencies to improve in 2016, says Moody's
Says vehicle borrowers will benefit from growth in India's GDP and the improving business operating environment
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India signs big energy deals with Russia’s Rosneft
Indian state oil companies inked multibillion-dollar energy deals with Russia's Rosneft to buy into its most promising Siberia assets, stepping up a drive to cut India's dependence on imports. The Indian PSUs will now have almost 50% stake in Vankor oil field and buy about 30% of Taas-Yuriakh field.
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GM cotton row: Government says India ‘not scared’ if Monsanto leaves
US seed company Monsanto is welcome to leave India if it does not want to lower prices of genetically modified cotton seeds as directed by the government, minister of state for agriculture Sanjeev Kumar Balyan said on Wednesday, in a sign the rift between New Delhi and the company is ...
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IRCTC to sell tickets for Pawan Hans helicopter service
Seeking to promote helicopter tourism, Indian Railway Catering and Tourism Corporation and Pawan Hans have joined hands under an agreement that would allow flyers to book tickets through IRCTC website.
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P&G to challenge government ban on Vicks Action 500 Extra
US consumer health group Procter & Gamble's Indian arm plans to challenge a government ban on its cough-and-cold medicine Vicks Action 500 Extra, citing potential health risks. The drug is a combination of paracetamol, phenylephrine and caffeine, which was banned by the health ministry recently.
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Petrol hiked by Rs 3.07/litre, diesel by Rs 1.90
State-run Indian Oil Corporation on Wednesday announced a big hike in transport fuel rates, increasing petrol by Rs 3.07 a litre and diesel by Rs 1.90 - both in Delhi, with a corresponding increase in other states.
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Finance ministry body recommends steel import duties
The chief of the Directorate General of Safeguards, a division of the finance ministry, has recommended maintaining import duties on some steel products until March 2018, a government document showed on Wednesday, in a move to support the local steel industry and protect mills from cheaper imports.
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US dollar ends cheaper against rupee
The US dollar ended cheaper against the rupee at 67.22/23 per dollar and the pound sterling also finished lower at Rs 94.73/75 per pound at the close of the Interbank Foreign Exchange market on Wednesday.
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Late buying helps Sensex jump 131 points ahead of Fed's outcome
Fag-end buying saved the day for the domestic market as BSE Sensex reversed all of its early losses to settle 131 points higher at 24,682.48, tracking a strong opening in Europe as investors awaited the US Federal Reserve's policy meet outcome.
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Patanjali on track to hit $1bn sales in FY17
At Patanjali Ayurved's manufacturing facility in Haridwar, there is brisk activity as cartons of freshly made products are being loaded onto trucks to be dispatched to stores across India.
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No need to declare customs baggage on domestic leg
Indian passengers boarding international flights on the domestic leg are not required to file customs baggage declaration form, the government has ruled. This means if a passenger is travelling by a Delhi-Chennai-Colombo flight from Delhi for going to Chennai, he won't have to file the form.
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PM Modi's new growth recipe: Just add water
PM Narendra Modi has concentrated on irrigation in the 2016-17 Union Budget presented on February 29. The Modi government has pledged nearly $13 billion for rural development, aiming to double farmer's incomes by 2022.
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What Mallya’s Rs 9000 crore debt could fund
Vijay Mallya’s Rs 9000 crore debt — this is how it compares to some of the govt’s own schemes and allocations.
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Flipkart and Amazon may have explored sale talks, say sources
Flipkart reportedly considered selling itself to Amazon, upending the notion that India’s largest online retailer would go full distance as an independent Internet giant.
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Sensex down 70 points in early trade on falling export
Market benchmark BSE Sensex stretched its losses for the second day on Wednesday, shedding over 70 points in early trade on sustained selling by investors amid dip in exports. The NSE Nifty fell by 13.55 points, or 0.18 per cent, to 7,447.05.
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New GDP figures lend credence to India story: Paul Cashin
Interview with Assistant Director & Mission Chief for India, Asia & Pacific Dept, IMF
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Big people evading tax as farmers: FM
The Centre is probing cases of "some prominent people" evading taxes in the garb of agricultural income, but there is no proposal or move to tax farmers, finance minister Arun Jaitley said in Rajya Sabha on Tuesday.
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Yes Bank’s digital push from Q1FY17
Yes Bank is initiating a major retail push next quarter with new digital products and entry into credit card business. Yes Bank’s head of retail and business banking, Pralay Mondal, has said the bank is on the verge of a major push into digital banking with a host of new ...