Business

Moody's Investors Service today estimated that India will grow 7.6 percent in calendar year 2018 and 7.5 percent in 2019, amid signs of economic recovery from impact of demonetisation and GST.

The Indian industry called for better control systems to check financial frauds and also suggested a gradual reduction in government holding in public sector banks (PSBs).

This came after the country's second largest state-run lender Punjab National Bank detected Rs 11,400-crore fraudulent transactions at one of its branches in Mumbai.

Donald Trump has already called out India for its duties on Harley-Davidson motorbikes, and this month PM Narendra Modi ordered them cut to 50 percent from 75 percent for high-end bikes.

Essar wants to borrow the money for 3-4 years and repay it with cargoes of refined products as it seeks to cut its reliance on lending from Indian banks, banking and trading sources familiar with the discussions said.

The chopper company is a 51:49 joint venture between the Civil Aviation Ministry and oil behemoth ONGC.

The tunnel will reduce the travel distance from Dharasu to Yamunotri by about 20 km and travel time by about an hour.

In four trading sessions, the stock has fallen 28 percent and suffered an erosion worth Rs 10,975.16 crore from its market capitalisation. Meanwhile, shares of PNB Housing ended 0.45 per cent higher at Rs 1,206.20 on BSE.

The meeting in Delhi will also be attended by senior Finance Ministry officials and representatives of the Reserve Bank of India (RBI), sources said.

The FICCI and Iran Chambers of Commerce, Industry, Mines and Agriculture signed an MoU to strengthen economic relations by expanding and deepening commercial, trade and investment cooperation.

"The island has immense potential and is favourably placed for organic farming due to less use of chemical fertilisers and abundant species," Union Agriculture Minister Radha Mohan Singh said in Port Blair.

Dismissing concerns expressed in the certain section of media, the ministry said that all existing protections have been retained while consolidating PPF Act under the proposed Government Savings Promotion Act.

While private sector banks' bad loans ratio was maintained broadly at 4.1 percent, their state-run counterparts registered a spike in the proportion of dud assets at 12.4 percent.

Foreign markets now offer dollar-based derivative contracts based on Indian indexes, shares and other securities under licensing agreements with Indian exchanges, allowing overseas investors to gain exposure to Asia's third-largest economy without having...

The San Francisco-based messaging service said it earned $91 million in the fourth quarter, the first positive net income since going public in 2013.

Tuesday's collapse comes just six weeks after bitcoin hit a record high of $19,511, fuelled by a flood of speculators looking to make a quick buck.