Business

The GDP growth is set to slip to a decadal low of 5 per cent in 2019-20, driven majorly by a fall in domestic consumption and sluggish world markets that have impacted Indian exports.

The central bank in September 2018 had barred Bandhan Bank from expanding its network as the lender failed to reduce the promoters' stake to 40 per cent from close to 82 per cent within the stipulated three-year time frame of commencing operations.

Max Financial Services holds a 72.5% stake in Max Life, while Mitsui Sumitomo Insurance and Axis Bank hold 25.5% and 2%, respectively.

The CCI ordered the investigation after Treebo and its partner hotels alleged that both companies were stifling competition by resorting to anti-competitive business operations.

Forex traders said investor sentiment remained fragile amid concerns over the impact of coronavirus outbreak on global economy. However, easing crude oil prices supported the local unit and restricted the fall to some extent.

The Chinese economy has taken a major as the world’s second largest economy has been battling with novel coronavirus for more than a month now.

According to the depositories data, foreign portfolio investors (FPI) invested a net sum of Rs 10,750 crore into equities and Rs 12,352 crore into the debt segment, taking the total net investment to Rs 23,102 crore between February 3-20.

Touted as the world's largest airport-based temperature-controlled facility, the 'Export Cold Zone' can hold over 700 tonnes of such cargo at one time with a combined annual capacity of 5.25 lakh tonnes, Mumbai International Airport Ltd (MIAL) said in are...

The estimate is based on projections of a 13-percent full-year decline in passenger demand, mostly in China, the trade body said.

Every year, about 150,000 people lose their lives on India's roads, and more than five times that number are injured or maimed for life, the report said.

Noting that there were two or three major types of problems, FICCI said certain companies in India were dependent on raw materials from China and inputs, and they had varying degrees of stocks available with them.

The NSE Nifty was trading down by 8.90 points, or 0.07 per cent, at 12,117.

According to estimates prepared by the DoT, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government. Vodafone Idea is staring at dues worth Rs 53,000 crore.

The NSE gauge Nifty fell about 75 points to trade at 11,971 in early trade. Analysts said worries persist over rising death toll and the economic fallout from the novel coronavirus.

The company, which in December said its workforce had hit 750,000, has also been denounced over its carbon footprint because of the high energy consumption of its server farms for its lucrative cloud computing activities.

Micro, small and medium enterprises play a significant role in economic development, in terms of their contribution to employment generation, innovation, exports and inclusive growth, the official said.