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India’s import/export downward trend shows sluggish…
India’s exports shrank for the fifth consecutive month in December 2019 by 1.8% to $27.36 billion and key items such as petroleum, engineering goods and…
A big relief to banking sector; RBI approves video…
In a major development, the Reserve Bank of India on Thursday announced video KYC guidelines to banks and fintech startups to get customers onboard remotely.…
IMF tells India to reverse economic slowdown
The International Monetary Fund (IMF) on Monday said that the Indian government must take quick initiatives to reverse the economic slowdown that has…
No violations of Chanda Kochhar’s fundamental rights,…
The Reserve Bank of India (RBI) on Wednesday told the Bombay High Court that there has been no violation of former ICICI Bank Managing Director and Chief…
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Economic slowdown: CRISIL too cuts India’s GDP growth…
The CRISIL Rating on Monday slashed India’s growth estimate from 6.3% to 5.1% for the fiscal year 2020. It cited a dip in fixed investment, weak private…
Centre defers payments by 2 years for telcos giving…
In a major relief for the financially ailing telecom companies, the Cabinet on Wednesday handed Rs 42,000 crore by postponing spectrum dues by mobile…
FM wants no company to shut operations due to financial…
Union Finance Minister Nirmala Sitharaman expressed her concerns over the crisis-ridden telecom company in the country on Friday. She said that the government…
Central Bank cuts rates by 40 bps despite high inflation
Headline inflation is bound to rise further to 5 percent for November despite which the Reserve Bank of India (RBI) has decided to go for two consecutive…
Chinese e-shopping bonanza takes off in high spirits
Chinese e-commerce giant Alibaba Group Holding Limited’s Singles’ Day shopping bonanza - also, known as ‘double eleven’ - hit a 158.31 billion Yuan within…
BSNL comes up with 6 paisa cashback policy to lure…
State-owned telecom operator Bharat Sanchar Nigam Limited has come up with 6 paisa cashback scheme for every five minutes and more of voice calls placed…
RIL to restructure Jio to make it virtually debt-free…
Reliance Industries (RIL) has designed a structure to make Reliance Jio (RJIL) debt-free. The announcement was made on Friday. The move is said to be…
SC settles 14-yr-old AGR dispute; asks telcos to pay…
The Supreme Court on Thursday favoured the government by allowing the Centre to recover Rs Adjusted Gross Revenue (AGR) of Rs 92,000 crore from telecom…
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