Arvind Panagariya shares 5 striking similarities with outgoing RBI Governor Raghuram Rajan

Arvind Panagariya shares 5 striking similarities with outgoing RBI Governor Raghuram Rajan

Wednesday, July 13th, 2016 | Posted in Business News | by

Arvind Panagariya is one such potential candidate for the post of Reserve Bank of India (RBI) Governor who can fill the large shoes being vacated by Raghuram Rajan. Although, Panagariya was not in the list of probables prepared by the government earlier in the month, he is now considered to the most impressive contender, according […]

Air India extends Rajdhani scheme to seven more routes

Air India extends Rajdhani scheme to seven more routes

Tuesday, July 12th, 2016 | Posted in Business | by

These ticket prices, as low as Rs 2,240, would be available within four hours of the scheduled departure of the flights. The carrier is already offering these fares on four routes and with the new additions, the total number of such sectors would increase to 11. In a release today, Air India said it has […]

Telecom Ministry clears Airtel-Aircel 4G spectrum trading deal

Telecom Ministry clears Airtel-Aircel 4G spectrum trading deal

Monday, July 11th, 2016 | Posted in Business | by

“The spectrum trading deal between Bharti Airtel and Aircel was cleared by the telecom minister on July 4,” an official source said. As on July 4, Law and IT Minister Ravi Shankar Prasad was in-charge of the Telecom Ministry as well. Bharti Airtel declined to comment when contacted by PTI. Airtel has entered into an […]

Amazon invests in six new fulfillment centres ahead of festivals

Amazon invests in six new fulfillment centres ahead of festivals

Friday, July 8th, 2016 | Posted in Business News | by

The new FCs, to be set up in Chennai, Coimbatore, Delhi, Jaipur and Mumbai, will bolster the company’s presence in India ahead of the festive season, the company said in a statement yesterday. With the launch of these new FCs, Amazon has a total area of 2.5 million square feet with a one-and-a-half times growth […]

Fitch downgrades banking outlook to negative on high NPAs

Fitch downgrades banking outlook to negative on high NPAs

Wednesday, July 6th, 2016 | Posted in Business | by

The agency has affirmed long-term ratings of nine banks, including State Bank of India, Bank of Baroda and its New Zealand arm, Punjab National Bank, Canara Bank, IDBI Bank, ICICI Bank and Axis Bank, at ‘BBB-’ “We have revised our sector outlook to negative from stable implying that there are more downside risks for Indian […]

Patanjali Advertisements Unsubstantiated, Misleading: Watchdog

Patanjali Advertisements Unsubstantiated, Misleading: Watchdog

Tuesday, July 5th, 2016 | Posted in Business | by

Advertising watchdog ASCI has once again pulled up yoga guru Ramdev-promoted Patanjali Ayurved for running “misleading” ad campaigns that disparages competitors’ products. The Advertising Standards Council of India (ASCI) said that Patanjali Ayurved “unfairly denigrates” products of its rivals in the advertisements. The Consumer Complaints Council (CCC) found that Patanjali’s claim for its ‘Kachi Ghani […]

7th Pay Commission: Would CPC recommendations give a demand-driven bang to Indian economy?

7th Pay Commission: Would CPC recommendations give a demand-driven bang to Indian economy?

Thursday, June 30th, 2016 | Posted in Business News | by

The recommendations of 7th Pay Commission have been approved by the Union Cabinet. Finance Ministry has announced that it would be implemented from July 1, and the arrears would be calculated from January 2016. The total salary hike of government employees would be 23.5 per cent. Their disposable income would increase at least by 15 […]

Housing sales decline 2.2 percent to 1.58 lakh units in last fiscal

Housing sales decline 2.2 percent to 1.58 lakh units in last fiscal

Monday, June 27th, 2016 | Posted in Business News | by

Property consultant JLL India in its monthly report said housing sales in January-March period of 2016 rose by 9 percent over the previous quarter. Real estate market is facing a slowdown from the last 3-4 years leading to significant delays in completion of projects and protest by home buyers. “The real estate sector saw the […]

IMF keeps watch on Brexit, stands ready to offer support

IMF keeps watch on Brexit, stands ready to offer support

Saturday, June 25th, 2016 | Posted in Business News | by

The managing director of the International Monetary Fund (IMF), Christine Lagarde, said on Friday that following the vote in favour of Britain’s exit, or “Brexit”, from the European Union, her organisation will keep watch on the outcome and is “ready to support” member countries in any financial difficulties they might come up against. “We take […]

UK’s EU referendum effect: Pound collapses, Sensex plunges 900 points, Rupee falls by 89 paise

UK’s EU referendum effect: Pound collapses, Sensex plunges 900 points, Rupee falls by 89 paise

Friday, June 24th, 2016 | Posted in Breaking News Business Featured News | by

With the early Europrean Union referendum results suggesting Britain’s exit, the Indian rupee weakened with Sensex which plunged 900 points during the pre-opening markets on Friday. While the rupee fell by 89 paise against US dollar to 68.17 in early trade Pound fell to a 31-year low as oil markets went into a free fall […]

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