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Business

RBI increases banks' loan exposure limit to single NBFC

RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.

13 Sept 2019 9:01 AM IST

In the financial year 2017, labour productivity growth fell to 2.6 per cent and 2.9 per cent in FY18. (Representational image)

Business

Industrial output growth rises 4.3 pc in July

The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.

12 Sept 2019 6:40 PM IST

Former PM Manmohan Singh speaking at the birth centenary memorial meeting of Indrajit HGupta in New Delhi. (Photo: ANI)

Business

Former PM Manmohan Singh suggests five steps to tackle slowdown

The first step is to accept that the economy is in crisis, said Congress party leader Manmohan Singh.

12 Sept 2019 4:43 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Business

Income Tax Department eases criminal prosecution norms for TDS, ITR...

CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.

12 Sept 2019 12:33 PM IST

CBDT has made available in the Compliance Module on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

Business

CBDT launches one-time facility for compounding of income tax offences

In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the...

12 Sept 2019 12:07 PM IST

$Yahoo disclosed that as part of its investigation into the prior breach, it had received data files from law enforcement \that a third party claimed was Yahoo user data.\$ Business

Yahoo Japan bids for control of fashion e-tailer Zozo for USD 3.7...

Yahoo Japan aims to buy 50.1 per cent Zozo, whose market value was 680 billion yen.

12 Sept 2019 10:30 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Business

Flexi hiring to show muted growth this festive season

This festive season is expected to see 10-15 per cent rise in hiring compared to 30-35 per cent growth last year.

12 Sept 2019 12:36 AM IST

According to the trade data for August, 2018 while exports have shown a growth of about 19 per cent in dollar terms, the rupee realisations for the export shipments went up close to 30 per cent, said Assocham.

Business

Exim Bank expects India's merchandise exports to grow marginally to...

The forecasts are based on Exim Bank's Export Leading Index (ELI).

10 Sept 2019 6:31 PM IST

PE firms made investments worth $2.6 billion across 61 deals and exits worth $472 million across 10 deals.

Business

PE/VC investments tally touches USD 36.7 billion in Jan-Aug

This data comes at a time when the economic growth has plunged to a six-year low, at 5 per cent for the June quarter.

10 Sept 2019 5:34 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Business

India's fuel demand to rise by average 4.7 pc through 2025: Nayara...

India's gasoil demand will rise by an average 5.3 pc per year through the 2025 fiscal year, said Nayara Energy's B...

10 Sept 2019 12:58 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Business

India August inflation likely rose, but rate cuts still on the cards:...

The expected rise in inflation comes despite the price of oil, India's biggest import, falling by more than 7 per cent.

10 Sept 2019 9:27 AM IST

Business

States to be key drivers of growth for making India USD 5 trillion...

Niti CEO Amitabh Kant underlined sectors like agriculture and labour where structural reforms are required.

7 Sept 2019 2:40 PM IST