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NCAER lowers GDP growth forecast to 6.9 per cent for FY17

Earlier this week International Monetary Fund lowered GDP growth forecast to 6.6 per cent.

1 hour ago

Doctors
Stents pricing: Government asks hospitals to make prompt refunds

No action will be taken against hospitals under the scanner for overcharging on stents if they refund the money to patients.

1 hour ago

Representational image of a railway coal yard. (File Photo | Reuters)
Coal India arm NLC approves Rs 1,244 crore share buyback plan

The equity shares proposed to be bought back by NCL represent 4.29 per cent of the existing paid up capital of NCL.

1 hour ago

Pakistan'sPrime Minister's Adviser on Foreign Affairs Sartaj Aziz (File | AFP)
10-nation ECO summit to focus on connectivity: Sartaj Aziz

The forum would help in deciding ways to increase cooperation in areas such as trade, energy, tourism, economic growth and productivity.

3 hours ago

Samsung Group's heir-apparent Lee Jae-Yong (C) arrives for questioning at the office of a special prosecutor investigating a corruption scandal in Seoul on February 18. (Photo | AFP)
Samsung heir grilled again in ongoing corruption scandal

The de facto leader of the Samsung Group was called into the special prosecutor's office on Saturday for additional questioning.

3 hours ago

Indian Oil Corporation
Unit of L&T wins $165 million contract from Indian Oil Corp

A unit of Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd.

6 hours ago

U.S. President Donald Trump. (File photo | Reuters)
President Trump signs executive order to cut regulations 'punishing companies'

The order 'Enforcing the Regulatory Reform Agenda', directed that each government agency shall establish a regulation reform officer and a task force within 60 days to carry out reforms. 

10 hours ago

Logo of Citigroup Inc in Tokyo (File photo |Reuters)
Citigroup hiring practices being investigated by US regulators: Sources

U.S. agencies, including the U.S. Securities and Exchange Commission, are looking into whether or not the bank hired candidates referred by foreign government officials over others, sources said.

13 hours ago

EPFO to launch housing scheme

The four crore-odd subscribers of the Employees’ Provident Fund Organisation (EPFO) would soon be able to make down payment and pay EMIs from their EPF accounts to buy homes.

16 hours ago

FDI swells 18% to $46 bn in 2016

Foreign direct investment (FDI) in India grew 18 per cent during 2016 to touch $46 billion against $39.32 billion in 2015, data from the Department of Industrial Policy and Promotion (DIPP) showed.

16 hours ago

Whatsapp. (File photo)
WhatsApp eyes a pie in India’s digital initiative

Popular messaging app WhatsApp will soon explore areas of cooperation to push India’s digital commerce initiatives and digital empowerment.

16 hours ago

Wind power tariff falls to all-time low

The reverse auction was for firms to set up wind power capacity and the bid would go to those who quote the tariff to be charged from customers.

16 hours ago

Volkswagen logo. (File Photo | AP)
Volkswagen puts 10 million euro cap on executive pay after dieselgate crisis

Other members of the board will see their annual remuneration capped at 5.5 million euros.

22 hours ago

Image for representational purpose only. (File Photo | AP)
Complaints against two hospitals for cardiac stent overcharging: Drug pricing regulator

Yesterday, the NPPA said it had issued show-cause notice to some hospitals over the pricing of cardiac stents. 

22 hours ago

Retrospective execution of e-waste rule to throttle growth: ICA

The industry is being asked to cover manufacturing and sales going back to as much as 10 years, an association said.

23 hours ago

Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu October 4, 2012. (File | Reuters)
Hyundai to introduce 8 new products in India by 2020: CEO

The the company will also introduce new technologies in the domestic market.

24 Feb 2017

Logo of Royal Bank of Scotland (File Photo | AP)
Royal Bank of Scotland posts ninth consecutive annual loss

RBS reported a fourth-quarter net loss of 4.44 billion pounds, compared to 2.74 billion pounds in the same period a year earlier.

24 Feb 2017

File picture of a supermarket store.
Avenue Supermarts to launch Rs 18.7 billion IPO on March 8

The IPO would be the country's biggest since PNB Housing Finance Ltd raised 30 billion rupees in an initial share sale in October.

24 Feb 2017

Image used for representational purpose only. (File photo |Reuters)
India Q4 economic growth slowing to near three-year low due to demonetisation: Poll

Although there is no clear evidence yet of the impact of demonetisation, economists were undecided on how long its effects will drag on India's GDP growth, sources said.

24 Feb 2017

Image used for representational purpose only. (File photo |Reuters)
Toshiba mulls declaration of US nuclear unit as bankrupt: Sources

The Japanese conglomerate has weighed up this move as one of its options in the framework of reviewing the operations of its nuclear unit, which is the root of its financial problems, sources said.

24 Feb 2017

Image used for representational purpose only. (File photo |Reuters)
Bad bank creation to push clean-up operations; PSBs may need higher government support: Fitch

The report said the country's banks have significant asset quality problems that are putting pressure on profitability and capital, as well as constraining their ability to lend.

24 Feb 2017