Business

PM Addresses the Inaugural session of 100 Years of ASSOCHAM

100-years-assocham

Prime Minister Narendra Modi said that the goal of achieving the 5 Trillion Dollar Economy is achievable. He was participating at the inaugural session of the Hundred Years of ASSOCHAM in New Delhi today. Addressing a gathering of leaders from the Corporate World, Diplomats and others, the Prime Minister said that the idea of making India a 5 Trillion Dollar ...

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Infosys agrees to pay USD 800,000 to settle case with California Attorney General

infosys

Indian IT major Infosys has agreed to pay USD 800,000 (nearly Rs 5.6 crore) to settle allegations of misclassification of foreign workers and tax fraud, officials said on Tuesday. Infosys will pay California USD 800,000 to resolve allegations that, between 2006 and 2017, approximately 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas rather than H-1B visas, ...

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More measures to boost economy as and when required: FM

Nirmala_Sitharaman

Finance Minister Nirmala Sitharaman on Friday promised more stimulus measures for sectors of the economy in distress as she counted on steps taken till now to boost growth by driving up consumption. She also said the Centre is aware of the pending GST compensation to states and will honour its commitment. Addressing a press conference on the state of the ...

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Rising food prices increase inflation in November

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Another bad news is coming on the economic front. Inflation has increased in November due to increase in food prices. Retail inflation has increased from 4.62% to 5.54%. Earlier, retail inflation was 4.62 percent in October. The retail inflation rate was 3.99 percent in September. It is clear that in November the retail inflation rate is at the highest level ...

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Gold prices rise by Rs 71

gold-price

Gold on Thursday rose Rs 71 to Rs 38,564 per 10 gram in the national capital reflecting overnight gains in international prices amid strengthening rupee, according to HDFC Securities. The yellow metal had closed at Rs 38,493 per 10 gram on Wednesday. “Spot gold prices for 24 karat in Delhi were trading up by Rs 71, reflecting overnight gains in ...

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Sensex tumbles nearly 250 points; Nifty ends below 11,900

BSE-Bombay_Stock_Exchange_Building

Benchmark indices spiralled lower on Tuesday, dragged by widespread selling in bank, energy and IT stocks, as investors booked profit at higher levels amid lacklustre macro and global cues. The 30-share BSE Sensex, after a positive opening, lost momentum throughout the session. It finally closed 247.55 points or 0.61 per cent lower at 40,239.88. On similar lines, the 50-scrip NSE ...

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Nepal SBI posts 13 pc growth in net profit for FY19

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Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,792.45 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead ...

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GST revenue grows 6 pc to cross Rs 1 lakh crore in Nov

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GST collections crossed the Rs 1 lakh crore mark after a gap of three months in November, growing by 6 per cent to Rs 1.03 lakh crore aided by festival demand. The GST collection stood at Rs 97,637 crore in the same month last year while revenue collection under this head was Rs 95,380 crore in October. After two months ...

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BSE slips over 100 points ahead of GDP data

BSE-Bombay_Stock_Exchange_Building

Market benchmark BSE Sensex dropped over 100 points in early trade on Friday tracking losses in in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release. Retreating from its lifetime peak scaled in the previous session, the 30-share index was trading 158.97 points, or 0.39 per cent, lower at 40,971.20 in morning session. Similarly, the broader NSE ...

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No recession in Indian economy says FM

Nirmala_Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday launched a spirited defence of her handling of the economy, comparing macroeconomic indicators with past Congress rules and said the growth may have slowed down but the economy will never slip into recession. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, she said steps taken by the ...

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