Business
Financial crisis in Greece will have huge consequences on Europe as well as the global economy, Group CEO of Doha Bank R Seetharaman said today, hoping that the Greek bailout referendum due on Sunday has a positive outcome. “Greece is in great trouble. The referendum which is scheduled on 5th of this month is going […]
The benchmark Sensex turned choppy after its initial surge of 117 points though it’s trading higher by 53.98 points on firm value-buying in healthcare, metal, realty, FMCG, capital goods and consumer durable sectors. Higher Asian cues and country’s strong macro economic parameters are helping the mood, despite Greek default fears looming large, a broker said. […]
India and Thailand today signed a number of important agreements, including the double taxation avoidance treaty, and exchanged instruments of ratification on the extradition treaty inked in 2013, which provides for the legal framework for seeking extradition of fugitive offenders. The tax treaty provides for the framework to avoid double taxation and prevention of fiscal […]
The government is considering importing onions to boost domestic availability of the commodity and prevent spike in its prices. Retail prices of onion have already risen by up to 40 per cent in metro cities in the last one year. The maximum increase in prices is seen in Delhi, where onion is costing Rs 34/kg […]
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said today. “Will put additional USD 1.8 billion in PSU banks apart from USD 1.2 billion budgeted this year,” he told reporters […]
The rupee declined by 3 paise to 63.65 against the US dollar in early trade on Friday, extendingweakness for the second day, at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Besides, month-end demand for the American currency from importers and a lower opening in the domestic equity market, weighed on […]
The benchmark BSE Sensex fell almost 172 points to 27,724.12 in early trade on Friday on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues. The 30-share index, which had gained 166.30 points in the previous session, fell by 171.85 points or 0.61 per […]
The Chairman and CEO, Soft Bank Corporation, Mr. Masayoshi Son, the Chairman, Bharti Enterprises, Shri Sunil Bharti Mittal and the Senior MD of the Japan Bank for International Cooperation, Mr. Tadashi Maeda call on the Prime Minister, Shri Narendra Modi in New Delhi on June 22, 2015.
The path to 10 per cent growth in Indian economy is not impossible, Finance Minister Arun Jaitley has said citing economic reforms, policy changes along with a good monsoon as the basis for his optimism. “This (10 per cent growth rate) is reasonably possible. That is where India’s potential is,” Jaitley said at an event […]
India’s 7.5 % economic growth rate is not its “best potential growth rate” and there is “restlessness” in the Narendra Modi-led government to boost economic growth and set higher GDP targets in the coming? years, Union Finance Minister Arun Jaitley has said. Jaitley, who began his 10-day visit to the US yesterday, said that he […]
