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NCAER forecasts GDP growth at 4.9% for FY20

India’s economy had grown at 6.8 per cent during the last fiscal, but quarterly GDP growth has been on a steady slide for six straight quarters, from 8.1 per cent in Q4FY18 to 5 per cent in Q1FY20. 

published : 1 hour ago

Making of telecom into a one-horse industry

The next day, telecom joint venture Vodafone Idea declared India’s largest corporate loss ever for Q2 at Rs 50,922 crore.

published : 1 hour ago

Two IndiGo pilots lose flying licence over runway incursion

Earlier in October, the flying licences of two IndiGo pilots were suspended for another incident of runway incursion at Delhi airport.

published : 13 hours ago

Government 'staring at a black hole of up to Rs 2 lakh crore'

Revenue department officials said they have long resigned themselves to collecting at least Rs 1.6-1.8 lakh crore less from direct and indirect taxes.

published : 13 hours ago

Explainer: What is AGR and why is it bogging down Vodafone and Airtel?

Vodafone reported a loss of Rs 50,921 crore for September quarter, the highest loss reported ever for any Indian company, Airtel posted a loss of Rs 23,044 crore for the quarter.

published : 15 hours ago

Nafed apple procurement in Kashmir failed miserably, says farmers body

Kashmir produces 75 per cent of the country's total apple production and the horticulture industry of Kashmir has a turnover of Rs 10,000 crore annually.

published : 15 hours ago

Government working on policy to push MSME exports: Nitin Gadkari

'The government is working on two policies. Firstly on the industries which are into export business - how to support and increase their export,' the Nitin Gadkari said.

published : 15 hours ago

SC order on Essar Steel to bring certainty to resolution process in line with global practices: FICCI

Upholding of the doctrine that financial creditors will rank ahead of operational creditors bodes well for the Indian banking industry as well as potential foreign investors, he added.

published : 15 hours ago

Anil Ambani resigns as Director of RCom a day after company posts second-biggest quarterly loss 

On October 4, 2019, the company's Chief Financial Officer (CFO) Manikantan V had also tendered his resignation. 

published : 18 hours ago

GDP growth likely to decline to 4.9 per cent in Q2: NCAER

For the full fiscal 2019-20, the Delhi-based National Council of Applied Economic Research (NCAER) has pegged GDP growth at 4.9 per cent as against 6.8 per cent in 2018-19.

published : 19 hours ago

Bill Gates officially surpasses Amazon CEO Jeff Bezos as world's richest person

Amazon's Cloud arm AWS losing $10 billion Pentagon project to Microsoft has also helped the Satya Nadella-led company gain on the stock market.

published : 19 hours ago

Will Modi government save Vodafone and Airtel or let them go belly up?

Until the June quarter, Airtel and Vodafone Idea provisioned as little as Rs 9,779 crore and Rs 17,124 crore respectively, which was way too short of the Rs 92,000 crore they together owe towards AGR.

published : 19 hours ago

Government looking at measures to prop up consumption, says Nirmala Sitharaman

India’s growth dipped to just 5 per cent in the first quarter of this financial year.

published : 22 hours ago

Haven’t accelerated payments to financial creditors: Vodafone Idea

VIL also plans to monetise its 11.15 per cent stake in Indus Towers on completion of the Indus Towers-Bharti Infratel merger.

published : 23 hours ago

Syndicate Bank expects 10% growth in business

Though Syndicate Bank is going to merge with Canara Bank, he said there would not be any retrenchment or closing down of its branches across the country, he said.

published : 23 hours ago