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Finance Minister Nirmala Sitharaman and Minister of State for Finance Anurag Thakur in New Delhi on Friday.

No talks yet in Finance Ministry on GST hike: FM Nirmala Sitharaman

Special Correspondent FDI in first half up 13% at $35 bn, says CEA in update on progress made after recent reform measures

File photo of Finance Minister Nirmala Sitharaman addressing a press conference in Mumbai.

Nirmala Sitharaman ranked 34th in the world's most powerful women list: Forbes

PTI The top-ranked woman for the ninth year in a row, German Chancellor Angela Merkel, is crusading against anti-immigrant sentiment in Europe.

Kerala to churn out 20,000 blockchain experts in next 2 years

PTI Blockchain provides a tamper-proof immutable data storage system and transparency in digital applications.

File photo of British Pound Sterling and US Dollar notes.

Pound soars as Johnson heads for landslide British election win

Reuters Its jump — as much as 2.5% — versus the dollar put it on course for one of its biggest one-day gains since the 1990s.

Photo for representational purpose.

SpiceJet grounds three B737 freighter planes

Endress+Hauser to invest ₹100 crore in plant

Chinese Vice Minister of Commerce Wang Shouwen speaks during the State Council Information Office press conference in Beijing on December 13, 2019.

China, U.S. announce phase one trade deal

In its audit of the GST regime in the State, the national auditor found “irregularities” which resulted in under assessment of ₹138.89 crore during the year 2017-18.

CAG points irregularities in GST assessment & collection by Gujarat govt.

Indices soar on U.S.-China trade deal

Special Correspondent U.K. poll results also have positive effect; Axis Bank, SBI, Vedanta top gainers

Amazon may overtake UPS and FedEx, delivers over 2.5 billion packages a year in the U.S.

IANS Amazon has added 15 cargo aircraft to its fleet, and aims to reach 70 planes by 2021.

29,000 Facebook Employees’ Data Stolen

IANS Banking data of nearly 29,000 Facebook staffers stored on unencrypted hard drives has been stolen from a payroll worker’s car, the media reported.The hard drives contained information including bank account numbers, employee names, the last four digits of their social security numbers, their salaries, bonuses, and equity details.The stolen hard drives however, did not contain Facebook users’ data.According to a CNBC report on Friday, Facebook said the hard drives contained unencrypted personal

Opinion & Analysis

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serendipities Economy

Interest rates and the obscure world of negative yields

Keerthik Sasidharan It is strange and surreal that nearly 27% of the world’s bonds offer negative yield

Searching for reform signals

M.Govinda Rao While the Budget shows commitment to fiscal consolidation, there are very few measures that can steer the economy to acceleration

A Budget that goes nowhere

C. Rammanohar Reddy It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth

Markets

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Sensex zooms 428 points; Nifty ends near 12,100

PTI NSE Nifty settled 114.90 points higher.

Representational image. File

Gold tumbles ₹232 on stronger rupee

PTI Gold prices on Friday fell by ₹232 to ₹38,486 per 10 gram in the national capital on stronger rupee, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹38,718 per 10 gram.“Spot gold for 24 Karat in Delhi fell by ₹232, reflecting overnight fall in international prices. Gold prices witnessed additional pressure on stronger rupee with fall in dollar index. The spot rupee was trading around 15 paise higher during the day,” HDFC Securities Senior Analyst

Economy

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Chinese Vice Minister of Commerce Wang Shouwen speaks during the State Council Information Office press conference in Beijing on December 13, 2019.

China, U.S. announce phase one trade deal

Reuters Donald Trump confirms that he is canceling new tariffs on China.

Former Prime Minister Manmohan Singh speaks on ''Words of Wisdom on Indian Economy'' in a function organised by Maharashtra Pradesh Congress committee in Mumbai on October 17, 2019.

India’s economy to grow at 4.3 % in Q4 2019 : Nomura

PTI The Japanese financial services major also believes that the first quarter of 2020 will see a “weak” uptick in GDP growth at 4.7 %.

Industry

Other Articles

No fresh package for automobile industry

Mukesh Ambani writes to ministry

Big mistake to cut marketing when turbulence strikes

Economic, financial reforms, a continuous process: Pranab

Banks to cap third party ATM cash withdrawal from mid-October

Credit flow to MSMEs to be doubled: PM

Disclose all loan details to home buyers: RBI to builders

The Reserve Bank on Thursday made it mandatory for builders borrowing funds from banks to disclose their loan details to the home buyers. The RBI has

CESC takes stake in Maharashtra project

CESC Ltd , the power utility within the RPG Group, has acquired Dhariwal Infrastructure Private Limited (DIPL) which is engaged in setting up a 600 MW

M&M: US will be our biggest export market soon

Auto maker Mahindra & Mahindrais looking to make the United States one of the largest export markets once it starts selling its vehicles there

Supreme Court defers hearing on Ambani gas row

The Supreme Court today fixed October 20 as the date for hearing petitions filed in regard to the Ambani gas dispute. A bench headed by Chief Justice

Nifty breaches crucial 4700-level

Sensex posts 141-point gain on revival of monsoon

Pranab confident of 'reasonable' growth

Finance Minister Pranab Mukherjee on Thursday maintained that despite the negative fall-out of a 15-20 per cent projected decline in kharif crop

NetApp, Tata Comm offer cloud computing services

NetApp and Tata Communications are offering the benefits of cloud computing in data centres to enterprises, on a managed services basis, cost

CIL proposal to invest abroad under study

Faced with severe shortage of coal, the Cabinet Committee on Economic Affairs (CCEA) on Thursday authorised an Empowered Committee of Secretaries

ITDC unveils Ashok Alliance

The India Tourism Development Corporation (ITDC) on Thursday unveiled its ‘Ashok Alliance’ scheme where member hotels would be able to add Ashok to

Harley-Davidson bikes to hit Indian roads next year

U.S.-based Harley-Davidson on Thursday announced its plans to formally enter the motorcycle market in India in 2010. The company has established a

Mixed reaction from textile industry

The foreign trade policy announced on Thursday evoked mixed reaction from the textile industry. While the Confederation of Indian Textile Industry

Explore new markets, basket of exports, says Anand Sharma

Union Commerce and Industry Minister Anand Sharma on Thursday announced various sops and incentives for exporters who explore markets in Asia and

‘NTPC misleading Centre’

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Thursday hit at NTPC for ‘misleading’ the government by saying that it was not aware of the

Tata Steel group Q1 loss at Rs. 2,200 crore

The performance of Tata Steel Europe (formerly Corus) continues to drag the Tata Steel group as the consolidated results for the first quarter of

Foreign Trade Policy evokes mixed reaction from textile industry

The foreign trade policy announced on Thursday has evoked a mixed reaction from the textile industry. While the Confederation of Indian Textile

ITDC to bring 35 hotels under ‘Ashok’ brand by next year end

State-run India Tourism Development Corporation (ITDC) on Thursday said that it is planning to bring up to 35 hotels under the ‘Ashok’ brand by the

Govt eyes $200 bn export next fiscal; doles out sops

India on Thursday extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to

India, Namibia to enter into a pact for mineral development

India and Namibia will work together for exploring mineral resources, including gold, diamond and uranium as the government on Thursday approved an

Poor monsoon not to affect Maruti business this year

The country’s largest car maker, Maruti Suzuki India, on Thursday said deficient monsoon will have no bearing on it as sales in rural areas constitute

Slew of incentives for exporters

In an attempt to give a major boost to exports and save jobs in export-oriented industries, the new Foreign Trade Policy unveiled by Commerce and

India eyes $200 billion export; doles out sops

India today extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to

BHEL bags Rs 190 crore order from Oil India

State-run power equipment maker BHEL on Thursday said it has bagged a Rs 190 crore contract from Oil India Ltd to set up a gas-based captive power

BGR energy bags Rs. 1,633 cr order for power project

Power equipment supplier BGR Energy Systems on Thursday said that it has bagged order worth Rs 1,633.71 crore for construction of thermal power

Rupee down 11 paise against dollar in early trade

The Indian rupee on Thursday fell to touch a seven-week low of 49.03 against the US currency in early trade on month-end dollar demand from importers

TCS, Infosys, Wipro bag BP contracts

BP (British Petroleum), one of the world’s largest oil and gas companies, has undertaken a programme to consolidate its information technology (IT)

Moody’s cuts GDP growth

With the spectre of a widespread drought looming large, global credit rating agency Moody’s on Wednesday projected India’s GDP (gross domestic

Foreign Trade Policy to focus on job-oriented sectors

Indicating that the new Foreign Trade Policy (FTP), to be unveiled on Thursday, will take into account the concerns of the industry, especially the

Galla Foods enters fruit drinks segment

Galla Foods, a member of Amara Raja group, has entered the fruit drinks segment with the launch of Galla fruit drinks in two flavours classical mango

BEML sets up centre in Indonesia

BEML has launched a company, namely, PT. BEML Indonesia, in Jakarta, Indonesia, on Monday. BEML’s Chairman and Managing Director inaugurated the

Coal India plans stock split

Ahead of its planned initial public offering (IPO), the public sector Coal India Ltd (CIL) is planning to go in for a stock split to improve the

Cairn, ONGC to invest $1.8 b in Rajasthan

All set to kick off formal crude oil production from its fields in Rajasthan, Cairn India on Wednesday announced that along with its partner Oil and

Core sector growth slumps to 1.8% in July

Even as a robust 6.8 per cent growth in overall industrial production in July had raised hopes of an early economic recovery, the growth in six core

CUMI’s approach to propel growth

Carborundum Universal Ltd. (CUMI), a Murugappa Group company, is working on an innovation-led approach to propel the company into the higher growth

China's economic growth experience, a good reference for others

China's high-speed economic growth over the past two decades is not only the outcome of its successful experiment with economic development, but may

Sensex settles 80 points up, IT stocks gain

Markets settled in positive terrain for the fifth day in succession on Wednesday with Sensex adding another over 80 points on moderate to handsome

Sensex up 111 points in opening trade

Extending its positive streak for the fifth session in a row, the Bombay Stock Exchange benchmark Sensex on Wednesday rose by over 111 points in

‘RIL must sell gas to NTPC at $2.34’

In what could turn out to be a blow to Reliance Industries Ltd. (RIL), the high-level gas panel headed by Union Finance Minister Pranab Mukherjee is

RCom’s blueprint to drive mobile telephony in rural market

Reliance Communications (RCom) on Tuesday announced strategic initiatives aimed at growing mobile telephony and Internet penetration in rural India.

Oudh Sugar Mills returns to black

K K Birla group company Oudh Sugar Mills Ltd. (OSML) has reported a net profit of Rs. 19.17 crore in the year ended June 30, 2009, compared to the net

McLeod marks footprint in Africa

B M Khaitan group company McLeod Russel India Ltd. (MRIL) has marked its footprint in Africa, making its second overseas acquisition, the first being

Two new touch phones from Nokia

Nokia on Tuesday announced the launch of two new touch-screen mobile devices — Nokia 5230 and Nokia 5530 XpressMusic — which are aimed at consumers

Maruti introduces improved version of Estilo

Maruti Suzuki India Ltd. (MSIL) on Tuesday launched the improved version of its compact car — Estilo. Equipped with its latest K-series petrol engine