Business

Fed policymakers project two more rate rises this year The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight …

Govt. promises liquidity infusion; monetisation of the carrier’s assets under way Minister of State for Civil Aviation Jayant Sinha on Thursday said that the Government of India was committed to supporting Air India (AI) with liquidity infusion till the disinvestment process is completed. The deadline for submission of Expression of …

Goldman Sachs picks Brazil as favourite while Germany is top contender for UBS; France, Brazil and Spain are ‘safe havens’ for Nomura The FIFA World Cup 2018 kick-off is just hours away and the predictions arena is hotting up further. Latest to join the bandwagon is global financial major Goldman …

The previous high was in March 2017, when the WPI inflation stood at 5.11 per cent. Inflation based on wholesale prices shot up to a 14-month high of 4.43 per cent in May on increasing prices of petrol and diesel as well as vegetables. The Wholesale Price Index (WPI) based …

  As protests flare up, land acquisition target of December may be missed India is set to miss a December deadline to acquire land for a Japan-backed $17 billion bullet train project following protests by fruit growers, government officials said, likely delaying one of Prime Minister Narendra Modi’s most ambitious …

Measure of retail price gains at 4.87% for May, lifted by accelerating food and fuel costs as oil climbs Retail inflation accelerated to a four-month high in May as quickening food and fuel costs lifted the Consumer Price Index (CPI) based reading to 4.87%, official data released on Tuesday showed. …

Diesel consumption in 2018 may more than double from 2017, say analysts India’s domestic sales for diesel and petrol rose to record highs in May, pushing the country’s overall fuel consumption for the month higher year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed. Fuel consumption, …

Proposes at least 40% loan component in credit of ₹150 cr. and above from Oct. 1 The Reserve Bank of India (RBI) has proposed a minimum 40% loan component for working capital funding of ₹150 crore and above to bring in greater credit discipline and improve monetary transmission. According to …

RERA is clear on buyer rights; IBC ordinance removes apprehension: chief of Sundaram BNP Paribas Housing is a vital clog in India’s economic growth. Of late, a combination of factors has pushed this sector into prime focus. How are things playing out in this crucial field? Srinivas Acharya, MD, Sundaram BNP …

U.S. regulator seeks more details from SEBI, as bank is listed on the American stock exchanges too As a multi-agency probe continues in India into alleged lapses involving ICICI Bank’s chief Chanda Kochhar and her family members, the matter has also come under the scanner of the U.S. markets regulator, …