RBI keeps repo rate unchanged at 6%

RBI keeps repo rate unchanged at 6%

  NEW DELHI: The Reserve Bank of India (RBI) on Wednesday kept the repo rateunchanged at 6 per cent, at the end of its two-day long policy review meet. The status quo was largely expected as all but two analysts in a Reuters poll had predicted that the central bank will stay unmoved. The inflation forecast for the next two […]

Infosys appoints Salil Parekh as CEO and MD

Infosys appoints Salil Parekh as CEO and MD

Mumbai; IT bellwether Infosys has appointed Salil S. Parekh as its Chief Executive Officer and Managing Director with effect from January 2, 2018 for a five-year term, a regulatory filing by the company said here on Saturday. “We are delighted to have Salil joining as the CEO and MD of Infosys. He has nearly three […]

GDP at 6.3% in July-Sep: Economy is not out of woods yet

GDP at 6.3% in July-Sep: Economy is not out of woods yet

 A 60 bps jump in the second quarter GDP (gross domestic numbers) to 6.3 percent from 5.7 percent in the preceding quarter has revived hopes of an economic recovery. The Q2 numbers snapped a five-month decline trend in growth numbers primarily aided by a pick -up in manufacturing sector and certain services. Union finance minister […]

Sensex gains 68 pts in early trade on global cues

Sensex gains 68 pts in early trade on global cues

            Mumbai; The benchmark BSE Sensex recovered by about 68 points in early trade today on the back of fresh gains in blue-chips like Reliance Industries, ITC and Infosys.The 30-share index recovered 67.90 points, or 0.20 per cent, to 33,686.49, with sectoral indices led by PSU, consumer durables, infrastructure, capital goods, […]

Xiaomi replaces Samsung to emerge as India’s fastest growing smartphone brand: International Data Corporation

Xiaomi replaces Samsung to emerge as India’s fastest growing smartphone brand: International Data Corporation

New Delhi:International Data Corporation (IDC)’s report has claimed that Xiaomi has emerged as the market leader in the top 50 Indian cities in the Q3 2017 period. Further, it is closely followed by Samsung, Lenovo (including Moto), Oppo and Vivo.More than 50 percent of overall smartphone sales in the country have occurred in the top 50 Indian cities in the third […]

bank employees on strike; services hit

bank employees on strike; services hit

New Delhi: Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike Tuesday to protest against the government’s proposed consolidation move, besides raising other demands. Services like deposits and withdrawal at bank branches, cheque clearance, NEFT and RTGS transactions are affected. However, operations at private lenders such as […]

Infra deficit biggest hurdle for ‘Make in India’: S&P

Infra deficit biggest hurdle for ‘Make in India’: S&P

Mumbai: The country’s poor infrastructure is the “biggest hurdle” to government’s flagship Make in India programme, S&P Global Ratings said today. “Infrastructure is the biggest hurdle to the ambitious Make in India programme of the government,” S&P Global Ratings Credit Analyst Abhishek Dangra told reporters on a conference call. The infrastructure deficit is costing up […]

CCEA may review production subsidy to sugar mills

CCEA may review production subsidy to sugar mills

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) is likely to review production subsidy to sugar mills for 2015-16 season tomorrow, taking into account lower sugar production and exports. To address liquidity stress in sugar industry and facilitate timely payment of cane arrears, the Centre last year had announced a subsidy of Rs 4.50 […]

Sensex washes out early gains, slides 49 pts in see-saw trade

Sensex washes out early gains, slides 49 pts in see-saw trade

Mumbai: The benchmark BSE Sensex failed to maintain the early momentum and gave up its gains towards the mid-way to close lower by 49 points to 28,003.12, led by sell-off in ICICI Bank and L&T amid mixed trend overseas. Though the first half was upbeat, driven by optimistic buying by investors and sustained foreign fund […]

Gold perks up, silver reclaims Rs 48,000 level

Gold perks up, silver reclaims Rs 48,000 level

Mumbai: Gold prices rebounded at the domestic bullion market here today following strong offtake from investors and jewellers. Elsewhere, silver also rebounded to reclaim the key Rs 48,000 mark on heavy speculative offtake coupled with rising industrial demand. Standard gold (99.5 purity) surged by Rs 135 to finish at Rs 31,095 per 10 grams from […]