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FM Jaitley promises structural reforms, infra spending to boost growth

Wooing Japanese investors, Finance Minister Arun Jaitley today promised more structural and market-oriented reforms as well as stepping up infrastructure spending to accelerate economic growth beyond the current 7.6 per cent. He also promised to reform the tax structure to make it simpler, predictable and stable. Speaking at ‘The Future of Asia’ Conference organised by […]

Sensex gains 359 points to recover from 8 month lows

The benchmark BSE Sensex snapped its six-day losing run by surging 359 points today and rebounded from near eight months low to 26,840.50 on value-buying in blue-chips, BHEL, Bajaj Auto and RIL, after MSCI’s decision to defer inclusion of China?s shares. Besides, rupee’s recovery against dollar to Rs 63.83 too boosted sentiment. Foreign funds and […]

Samsung opens mobile phone factory in Noida

South Korean consumer electronics major Samsung on Monday inaugurated the world’s largest mobile phone factory here which will double its annual handset production capacity to 120 million units by 2020. The facility was inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in The new plant will help the company raise its […]