16.2 C
India
Thursday, December 13, 2018
Deficit stood at 2.4% in the previous quarter and a benign 1.1% in the year-ago quarter. India’s current account saw a deficit of $19.1 billion or 2.9% of the gross domestic product (GDP) in July-September quarter (Q2FY19) of this fiscal...
Subramanian said that the autonomy of the Reserve Bank of India (RBI) should not be undermined. (File photo) Former chief economic adviser Arvind Subramanian on Sunday warned the Indian economy was in for a slowdown for some time as agriculture...
Aviation authorities in Indonesia and India on Thursday pushed for more simulator training for Boeing Co 737 MAX pilots following the deadly Lion Air crash, while the world's largest planemaker reiterated that its top-selling jetliner was safe. Boeing Chief...
Former Economic Chief Advisor Arvind Subramanian warned that Indian economy is headed for a growth slowdown. He said that due to tight financial conditions, stressed agricultural sector and slower exports amid softening global growth conditions economy is headed for...
Huawei executive Meng Wanzhou. (Reuters) China’s foreign ministry called in the U.S. ambassador on Sunday to lodge a “strong protest” over the arrest in Canada of Huawei Technologies Co Ltd’s chief financial officer, and said the United States should withdraw...
When the Reserve Bank of India (RBI) changes the repo rate, the benefit (in case of a downward revision) is often not passed on to existing borrowers. It is only the new loans that are offered at the lower...
The outcome of the controversial demonetization drive would have been "significantly better" if "simple things" like introducing Rs 2,000 currency notes were avoided, banker Uday Kotak has said.The executive vice chairman and managing director of the fourth largest private...
Budget carrier IndiGo on Thursday said it has become the first domestic airline to have 200 aircraft in its fleet. Four new aircraft have joined the fleet, including town Airbus A320 ceo (VT-IKA and VT-IKB) and two A320 neo...
The Adjudicating Authority made under the Prevention of Money Laundering Act (PMLA) has confirmed Rs. 4700 Crore attachment by the Enforcement Directorate (ED) in the case of Sterling Biotech Group. The properties of the group included movable and immovable...
IL&FS Financial Services Ltd (IFIN) was into evergreening of loans to the extent that it also wrote off bad debt to extend fresh loans. In the last three fiscals, loans worth Rs 3,871.70 crore were sanctioned by IFIN to...