Business
Rajnish Kumar to Succeed Arundhati Bhattacharya as State Bank of India Chairman
Rajnish Kumar, Managing Director of State Bank of India (SBI), will succeed Arundhati Bhattacharya, who is at present serving her one-year extension, that ends on Friday.
Bangladesh Signs USD 4.5 Billion Loan Deal With India
The agreement was signed in the presence of Finance Minister Jaitley and his Bangladeshi counterpart A M A Muhith after the two leaders held talks.
EU Sets New Trade Rules to Limit Cheap Chinese Imports
In determining whether to impose import tariffs, the EU will now treat all WTO members the same. Their businesses will only be dumping if their export prices are below domestic prices.
Rupee Drops Sharp 32 Paise to 65.60 Against Dollar
Forex dealers said the greenback hit a one and a half month high overseas after US manufacturing activity in September rose to its highest level in 13 years, bolstering expectations of an interest rate hike.
RCom Elevates Old Hands, Brings Punit Garg, Manikantan on its Board
The decision to elevate Punit Garg and Manikantan V was taken at a meeting of the board of directors held today, RCom said in a BSE filing.
RBI Policy, PMI Data Hold Key to Stock Markets This Week
Market participants are now primed for the upcoming RBI policy review slated for October 3-4. "RBI policy meet is the key event to watch out for this week," said Vinod Nair, Head of Research, Geojit Financial Services.
Malaysian State Keen to Collaborate with India on Biotech, ICT
The issue was discussed during a meeting between Commerce and Minister Suresh Prabhu and Chief Minister of Selangor, Dato' Seri Mohamed Azmin Bin Ali in New Delhi on Saturday, an official statement said.
Telecom Commission Allows Telcos to Pay For Spectrum in 16 Years
The commission also approved recommendation of the IMG to lower interest rate charged over penalties imposed on service providers with slight modification, a government source said.
Sensex Ends Steady, But Posts Weekly Loss
The 30-share index closed marginally higher by 1.24 points at 31,283.72. It had gained 122.67 points in the previous session.
RBI Increases Foreign Investment Limits For Debt
The RBI said the limits for long-term investors in government bonds would be raised by 60 billion rupees, while the limits for general investors would be raised by 20 billion rupees.
Rail Ministry May Tweak Flexi Fare Scheme, Says Piyush Goyal
The scheme, launched on September 9 last year and applicable to premium trains such as the Rajdhani, Shatabdi and Duronto, allows 10 percent of the seats to be sold at normal fare and thereafter increasing it in phases by 10 percent with every 10 percent...
Asian Development Bank Lowers India's Growth Forecast for This Fiscal, Next
These short-term disruptions, ADB stated, are expected to dissipate allowing these initiatives to generate growth dividends over the medium term.
Thyssenkrupp to Set up Working Group With Unions Over Tata Steel Merger
The meeting was held after Thyssenkrupp top management's move this week to sign a memorandum of understanding with Tata Steel for a 50-50 joint venture.
Note Ban was a Shake-up, Achieved its Main Objectives: Arun Jaitley
Referring to the "principal objectives", Jaitley on Friday said note ban helped reduce the reliance on cash, particularly high denomination currency.
GST Implementation Smoother Than Expected, Says Arun Jaitley
Finance Minister Arun Jaitley on Friday said the decision-making mechanism at the top between the Centre and the states has been "reasonably institutionalised" and the mechanism created to address day-to-day issues is robust.
Sensex Losses Mount on Heavy Selling in Banking, FMCG Stocks
The BSE 30-share barometer tanked 231.79 points, or 0.72 per cent, to 32,138.25. The gauge had lost 53.72 in the previous three sessions.
