Business

Will back AI with funds till disinvestment is done: Sinha

Will back AI with funds till disinvestment is done: Sinha

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 …

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Global financial majors get busy with football predictions

Global financial majors get busy with football predictions

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 …

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India set to miss key target for Japan-backed bullet train project

India set to miss key target for Japan-backed bullet train project

  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 …

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CPI inflation quickens to 4-month high

CPI inflation quickens to 4-month high

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. …

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Petrol, diesel sales hit record high in May

Petrol, diesel sales hit record high in May

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, …

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Reserve Bank aims to tighten working capital loan norms

Reserve Bank aims to tighten working capital loan norms

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 …

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‘Homebuyers are owners, not creditors

‘Homebuyers are owners, not creditors

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 …

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ICICI Bank, Kochhar under SEC lens

ICICI Bank, Kochhar under SEC lens

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, …

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