RBI keeps repo rates unchanged in final bi-monthly monetary policy
MUMBAI The Reserve Bank of India on Wednesday maintained status quo on the policy rates, but raised red flags about potential steep spike in prices, fiscal profligacy and the likely…
RBI to announce bi-monthly monetary policy for 2017-18 today
Reserve Bank of India will announce its sixth and the final bi-monthly monetary policy for 2017-18 today. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Urijit Patel began…
Indian market bleed amid global sentiment
Finance secretary Hasmukh Adhia said the sell-off in India’s equity markets is due to weak global sentiment and not because of the long-term capital gains tax (LTCG) announced in the…
Market Shock: Sell-off is due to weak global sentiment, say Govt
AMN / NEW DELHI Finance secretary Hasmukh Adhia said the sell-off in India’s equity markets is due to weak global sentiment and not because of the long-term capital gains tax…
Govt doubles import duty on sugar to 100%, hikes chana to 40%
AMN / NEW DELHI The government has doubled import duty on sugar to 100 per cent and raised duty on chana to 40 per cent to protect domestic farmers. At…
It is time to focus on agriculture, rural infrastructure: Jaitely
AMN / NEW DELHI UNION Finance Minister Arun Jaitley has said that over the next few years, government at both Centre and States will have to focus on agriculture and…
Tata Motors Q3 profit jumps 11-fold
AMN Tata Motors reported a consolidated net profit of Rs 1,214 crore for the third quarter ended December 31, 2018 as compared with a consolidated net profit of Rs111.52 crore…
Govt removes MEP of onion to boost exports
AMN The government has removed the minimum export price (MEP) of onion to boost exports of the kitchen staple. The Directorate General of Foreign Trade said in a notification in…
Ambani to invest Rs 2,500 crore in Assam
Global Investors’ Summit AMN / GUWAHATI Reliance Industries chairman Mukesh Ambani Saturday announced plans to invest Rs 2,500 crore in Assam in the next three years. Ambani said Jio offices…
Global Investrs Summit focuses on Economic ties with ASEAN & BBN
AMN / GAUHATI (Assam) The second day of the Global Investors Summit here called for strengthening business, economic and cultural ties with the ASEAN and South East Asian countries through…