Moody’s upgrade: Jaitley vows to continue reforms
November 17, 2017 Finance Minister Arun Jaitley on Friday termed the upgrade of India’s credit rating by Moody’s after a gap of 13 years as a “belated recognition” of reforms in the last few years, and vowed to continue them while maintaining fiscal discipline. Commenting on Moody’s upgrading India to Baa2, from Baa3, he said it is […]
Bank stocks surge up to 6% after Moody’s rating
November 17, 2017 Bank stocks today rose by up to 6 per cent after the US-based Moody’s upgraded India’s sovereign credit rating by a notch to ‘Baa2’ with a stable outlook. Shares of PNB surged 6 per cent, Bank of Baroda soared 5.17 per cent, Yes Bank gained 4.16 per cent, SBI (3.91 per cent) […]
Rupee moves up 13 paise to 65.29 against US dollar
Mumbai, Nov 14: The rupee, marking a turnaround, registered a 13-paise jump to 65.29 against the dollar early today after exporters increasingly turned away from the American currency. The dollar losing some of its lustre overseas and a better opening in domestic equities supported the rupee lift, traders said. Yesterday, the rupee had plunged 26 paise […]
New Facebook solutions to help businesses grow global
Nov 14 : 2017 : Facebook has introduced four new cross-border solutions to help businesses connect to the new mobile economy globally, including in India. More than 1.2 billion people on Facebook are connected to a small business in another country, out of which over 250 million people are connected to a business in India. […]
Drabu not comfortable with GST,says business in state, based on relationship and confidence.
SRINAGAR: J J&K Finance Minister Dr Haseeb Drabu has said the trade in Jammu and Kashmir is “worried” and “overwhelmed” by the GST because of the paper work it involves and this “sense of discomfort” is getting channelized as anti-GST sentiment. He also believes that the constitutional exclusivity of the state will help the government to […]
PM Modi hints at more measures for businesses on GST
November 04, 2017 New Delhi, Nov 4: Prime Minister Narendra Modi on Saturday exuded confidence that India’s ease of doing business ranking will further improve next year when the impact of GST – the biggest tax reform – is taken into account. Modi said India has in three years jumped 42 places to break into top […]
Easier to do business in India than ever before, says PM
New Delhi, Nov 3:Prime Minister Narendra Modi on Friday asserted that it is now easier to do business in India than ever before after the country leaped 30 places to break into top 100 nations worldwide. The jump to 100th rank on this year’s World Bank Ease of Doing Business index, from last year’s 130, […]
Sensex closes shy of 33,700 mark, Nifty rises 28 points; banking stocks lead gains
The Sensex closed 112.34 points or 0.33 percent higher at 33,685 points, shy of the 33,700 level on gain in banking stocks. The BSE Sensex rose to its highest ever level of 33,733 level in intra-day. The Nifty rose 28 points to 10,452 level. Banking and capital goods stocks were in focus as the BSE […]
SBI brings home loan rate to lowest in industry at 8.30%
November 02, 2017 Largest public lender State Bank of India today lowered the home loan rate by 0.05 per cent to 8.30 per cent, the lowest in the industry. It has also reduced the auto loan by a similar percentage point to 8.70 per cent. The reduction in the retail loan rate by SBI is […]
India’s fiscal deficit reaches 91.3 percent of full-year target in September
31 October 2017 NEW DELHI (Reuters) – India reported fiscal deficit of 4.99 trillion rupees ($77.09 billion) for April-September or 91.3 percent of the budgeted target for the current fiscal year that ends in March 2018. The deficit was 83.9 percent of the full-year target during the same period a year ago. Net tax receipts […]
