Business

DAINIK NATION BUREAU Union Minister Arun Jaitley today resumed charge of the ministries of finance and corporate affairs after a nearly 100-day gap during which he underwent a surgery for kidney transplant. Jaitley, 65, who had stopped attending office a month-and-half before the May 14 renal surgery, came to North Block — the seat of the Ministry of Finance and ...

DAINIK NATION BUREAU Ahead of road show for Investors’ summit, the Uttarakhand Chief Minister Trivendra Singh Rawat, met the business leaders in Bengaluru on Tuesday. In the run up to the ‘Destination Uttarakhand: Investors Summit’ scheduled from October 7-8, 2018. The maiden investor summit, which will be organized at Dehradun will be inaugurated by Hon’ble Prime Minister of India, Narendra Modi. ...

The United Forum of Reserve Bank Officers and Employees today said its members will go on mass casual leave on September 4 and 5, pressing their long-pending demands over pension related issues. According to a press release, United Forum today held a silent demonstration near the RBI office here which witnessed the participation of various leaders. “To express deep resentment ...

DAINIK NATION BUREAU A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter. Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament’s Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying ...

India’s crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier, government officials said today. Besides, the rupee hitting a record low of 70.32 to a US dollar in the opening deal today will also lead to a hike in ...

DAINIK NATION BUREAU The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted. The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar. The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade.

DAINIK NATION BUREAU A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament today. The bill, which was passed in Lok Sabha on July 31, was approved in the Rajya Sabha today by voice ...

DAINIK NATION BUREAU Haryana is now among the top five states of the country in exports, replacing Uttar Pradesh by registering exports of $2,401 million in the first two months of the current financial year. Gujarat tops the list with exports of $13,780 million followed by Maharashtra ($12,622 million), Tamil Nadu ($4,858 million) and Karnataka ($2,566 million). Major exports from ...

On the fourth day of this business week, the stock market has reached an all time high. On Thursday, crude oil prices and an increase in banking shares boosted the market. Thanks to this, the Sensex that opened the day breaching the 38000 point mark closed above it. Thursday’s rise in banking stocks has strengthened the market. Thanks to these, ...

DAINIK NATION BUREAU Chennai-born Indra Nooyi not only broke the glass ceiling in corporate America when she was named CEO of global beverage giant PepsiCo in 2006 but, through her journey, inspired millions of young Indians who dreamed of and aspired to emulate the success the India-born woman achieved in America. PepsiCo today announced that Nooyi will step down on ...