Poll predicts 7.5% GDP growth in July-September quarter
Uploading Date : 30-11-2016India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi's surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.........
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View: Demonetisation should accelerate the shift to a digital financial economy
Uploading Date : 30-11-2016As anyone who has stood in a queue outside an ATM machine will testify, the Modi government's audacious gamble with note-bandi or note-badli hasn’t been personally easy for most people. Whether it was thought through enough, whether the gains will outweigh the costs or whether it was an arbitrary and "morally callous" decision as the scholar Pratap Bhanu Mehta puts it, is for all...... practical purposes a moot point now.
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Top ten intraday trading ideas for afternoon trade for Tuesday, 29 November 2016
Uploading Date : 29-11-2016The Nifty50 index continued to trade above 8150 level in the late morning trade on account buying in frontline bluechip counters. In the Nifty pack, Idea CellularBSE 4.29 %, Eicher MotorsBSE 4.37 %, Maruti Suzuki, Mahindra & Mahindra and GAILBSE 2.50 % were up between 2.30 per cent and 5 per cent. On the other hand, Sun PharmaBSE -0.53 %, BPCL, HULBSE -0.64 %, LupinBSE 0.72 % and............. Hindalco were down between 0.49 per cent and 1.15 per cent........
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How Narendra Modi's demonetisation is weighing on sectors
Uploading Date : 29-11-2016The government’s decision on November 8 to immediately ban Rs 500 and Rs 1,000 notes that account for 86% of all currency in circulation has impacted a raft of sectors. Consumers have turned frugal, causing a sharp drop in demand for goods and services. While farmers and small industries will bear the brunt and sectors like transport and real estate will visibly be in pain, several other......... industrial sectors will have to scale back services or production.......
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Fearing tighter US visa regime, Indian IT firms like Infosys, TCS rush to hire, acquire
Uploading Date : 29-11-2016Anticipating a more protectionist U.S. technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States and recruit more heavily from college campuses there........
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Government plans to bring common Portal to certify exporters
Uploading Date : 28-11-2016The government plans to bring on a single online platform about 200 agencies that issue certificates to exporters to help them avail duty benefits at the destination or importing country, another move aimed at improving ease of doing business in India.........
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RBI taking all steps to 'ease genuine pain of honest citizens': Governor Urjit Patel
Uploading Date : 28-11-2016Reserve Bank of India governor Urjit Patel broke his silence over demonetisation on Sunday and said the central bank was monitoring the situation on a daily basis, assuring the public that there were enough notes to go around and urging people to switch to electronic transactions......
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Tata Steel replaces Cyrus Mistry with OP Bhatt as interim chairman
Uploading Date : 26-11-2016The board of Tata SteelBSE 2.37 % voted to replace Cyrus Mistry as the chairman of the company and named State Bank of IndiaBSE -0.29 % veteran OP Bhatt as an interim replacement until the extraordinary general meeting (EGM) is held on December 21, the steelmaker said in a regulatory filing on Friday........
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